Anyway it could be profit taking for swing trader but the drop is minor. Managed to exit before the panic kicks in and accumulate back at RM4.16 seeing the sellers are losing momentum but.. I could be wrong then buys more at lower price ~

I think the dropping because the new appointed CEO has lesser experience in automotive business as compared to previous CEO which has vast experience in automotive background; or maybe the new CEO news bring back out the Q3 report gains boosted by land sale which happened in Nov'23; maybe no-fact checker just panic sell.

https://theedgemalaysia.com/node/695764

https://paultan.org/2023/12/20/perodua-on-daihatsus-procedural-irregularities-doing-detailed-assessment-discussing-with-authorities/

HARBOUR is relatively stronger than SYSCORP.. Company has better liquidity to position themselves but don't know when will they reward investors for their handsome profits :(

@izoklse I don't think you should focus on Q3 result because it is based on Jan - Mar'22 result.. What we should expect is the Q4 report .. thats where Respol acquisition came into effect as well as FY2023-24

I miss those shortists shouting here :(

0.95 coming 0.85 coming 0.75 coming.. leave now or you will cry

https://www.theedgemarkets.com/article/saudi-aramco-2021-profit-soars-plans-capex-boost-2022

It's okay.. just believe in what you're buying. there is no need to comment much.. When price drops, comment section will be dominated by short seller

@BennyWhittman im just plucking their the BPD from their proposal report from the acquisition for respol and im trying to be conservative and not too over optimistic about it .. im using oil price at $75 (their Q22022 pricing) to show that if the oil will plunge back below $100 .. we are still good.. any premium pricing for oil is advantage as for now.

The reality is.. IB keep revising their TP after price moved and only will write good stuff when has good PR relationship.. otherwise? you know lah

We always welcome you to short it down bro.. if you think its not good.. do it

There is nothing much to worry about whether the war over and oil price start to plunge below $100 .. HIBISCS itself from Q2 with production capacity of 9,000 bbls per day but utilisation rate at 90% (8100+ bbls per day) is selling at average price of $75.. Simple math to fact check Q22022 (8150 bbls x 91 days x $75 x USDMYR 4.125) = RM225+mil revenue per quarter

After the complete acquisition of Respol and production will simply jump to 18,500 bbls per day.. due to constraint global supplies.. I believe HIBISCS will max out its utilisation rate.. but lets be conservative at 90% of 18500 will translate approx 16-17k bbls per day .. (17000 bbls x $75 x 4.125 x 91 days ) = RM480mil+ expected revenue per quarter.. this is simply just factoring $75 selling price per barrel.. now oil is trading above that.. just believe in fundamental of the company with strong cash flow and good gearing ratio. With that .. HIBISCS might hit RM1.9-2bil revenue per year with net profit close to 280-350mil..

https://www.theedgemarkets.com/article/massive-palm-oil-rally-starting-turn-away-buyers-india

NEW DELHI (March 3): The blistering rally in palm oil is starting to turn away customers in India, the world?s biggest importer.

Buyers have canceled as much as 100,000 tons of planned palm oil purchases in the past seven days, according to Sandeep Bajoria, chief executive officer of Sunvin Group, a Mumbai-based trader and broker of vegetable oils.

@SincereStock Most likely panic sell due to oil price spiking up high from $80s to $110 effect from Russian-Ukraine Crisis.. Operating cost might spike up but still fundamentally strong, might be able to offset the higher operating cost from its second core business integrated logistic export segment mainly in oil and gas in view of supply disruption from Russia. Also hope that freight rates remain high to maintain the good profit margin. Just hope that this counter will pay good dividends to upbringing the stock price.

What's your stop loss point bro? @wallstreetrookie

Freight rate will remain up high due to market turmoil and short of voyage services. This will contribute HARBOUR's profit margin plus management striving to maintain its cost of operating. Looking forward at target price RM1.70 at PER 10x

KUALA LUMPUR (Feb 3): The new Indonesian regulation requiring local palm oil producers there to sell 20% of their production to domestic refiners at fixed prices starting from Thursday (Feb 3), coupled with various factors that would further widen average crude palm oil (CPO) prices between Malaysia and Indonesia, will negatively impact upstream palm oil producers. Companies have a significant presence in Indonesia and they will not be able to take full advantage of current high CPO prices

"It will assume Repsol's role as operator for the assets, which are expected to yield earnings before interest, tax, depreciation and amortisation of $135 million next year, the company said"

Sources from: https://www.reuters.com/business/energy/malaysias-hibiscus-petroleum-buys-repsol-assets-enters-vietnam-market-2021-06-04/

Time to secure profit and leave~

Ahahaha @Gtrade can literally explains why earth is flat instead of sphere shape.


"@Gtrade MBMR sells PERODUA cars to the B40 mkt.These group of people especially from the Felda and oil palm sector ,benefit from CPO price touching 4000 rgt. While almost every sector are suffering except glove and semicon sectors, these people are laughing to MBMR Perodua cars

CPO price hit 4000 rgt region will benefit good management plantation company. Car related company, especially those that cater to B40 will benefit too. Felda settlers will be zooming to car dealers for their favorite 20k-70k car, not BM w or Mercedes showroom . Kimloong, MBMR should benefit from current commodity bull rally"

@rojakmee waiting for you to push la.. no volume there you can push it easier hahaha

easy bro.. RCE easily worth >2.6

The Kraken is awake guys..

Based on current market outlook with the effect Covid-19 impact, VSTECS recorded RM821.5mil revenue (+3% YoY) in 1HFY20 pursuant to higher sales of notebooks, printer and monitor which happened during second-wave of Covid19 MCO periods have provide us the insight of demands in ICT products from private/public corporates in 2HFY20 to tackle the third-wave of Covid-19 obstacles. Expecting VSTECS to record RM1.12bil (+11% YoY) for 2HFY20 ramping up total revenue RM1.942bil (+8% YoY) resulting net profit FY2020 at RM30.8mil at 1.60% profit margin.

Maybe saving some cash flow for uncertainties ahead.. Especially covid19 and uncertain new president approach towards technology companies

Good article x3mg33 ... More work from home.. more demand for IT gadgets.. benefit to VSTECS !

Slow fly under the radar kekeke

WFH policy further benefits VSTECS

https://klse.i3investor.com/blogs/KrakenViews/2020-10-18-story-h1534706079-Sleeping_Kraken_VSTECS.jsp

https://www.thestar.com.my/news/nation/2020/10/20/office-workers-in-areas-under-conditional-mco-must-work-from-home-says-ismail-sabri

More WFH policy.. more laptop sales .. HUAT ahhh

Good write up for POHHUAT

When there is an upside.. surely has its downside..

Just a passerby .. enjoying the salty comments hehe

https://www.theedgemarkets.com/article/construction-communication-towers-under-nfcp-1-start-midfeb

Target price remains RM2.1

KWAP disposing cheaper price to EPF .. Just relax ..

KAREX is on set to rebound again after slight profit taking..

https://klse.i3investor.com/blogs/WannaBeTechAnalyst/162816.jsp

Target Price - hit and start profit taking.
https://klse.i3investor.com/blogs/WannaBeTechAnalyst/162816.jsp

https://klse.i3investor.com/blogs/WannaBeTechAnalyst/163871.jsp

Good to hear that! @LeonLee.. Good profit

https://klse.i3investor.com/blogs/WannaBeTechAnalyst/163168.jsp