Wow 62!

Lol. Don't la say like that :P it's just overvalued. Made me close to 100% return. So thankful to it. But now hopefully it's sedania's turn :)

wow broke 61. interesting times.

keep an eye on the upcoming qr. could be the next 'krono'.

B3. Prospects for 2017

In 2016, the Group has expanded its customer base by signing up with a new Mobile Network Operator (“MNO”) for the provision of ATS Services. The Group has also ventured into provision of green technology (Green Tech) and internet of things (IoT) solutions. The management believes that the global economic backdrop continues to improve modestly, but steadily. Bank Negara Malaysia projected Malaysian economy to register a sustained growth of between 4.3 per cent and 4.8 per cent in 2017. Inflation is projected to average higher in the range of 3.0 per cent and 4.0 per cent in 2017. Nevertheless, the management is mindful of the challenges in domestic and international economic environment and is taking measures to improve the performance of the Group and ensure better efficiency. The Group will continuously seek new opportunities to enhance its recurring revenue streams and look for new business growth by way of capitalising the strength of the business venture with strategic partners. Likewise, the Group expects positive contribution from the completion of the acquistion of Sedania As Salam Capital Sdn Bhd in the next quarter.

From last qr

1.26 block. need to pass that first

big block at 36c. need to pass that first

http://www.theedgemarkets.com/article/sedania-expects-earnings-boost-islamic-fintech-platform-2h17

hmm. they fully acquired the islamic fintech division and have profit guarantee starting this qr.

Expecting a stellar quarter.

lining up for second round at pp price 1.16 or below

Bought in masteel 1.21. Waiting for below 1.20 to collect more.

Aiyoyo. Just drop 1 day all panic. Umwog rise because it had too massive of a selldown when they announce rights issue priced at 30c. When price dropped below 30c i bought in also. But didn't buy as much as hibiscus because didn't like their financials. But I admire pnb ceo.

Anyway let me reiterate that for those traders better not invest in hibiscus. There is no short cut here. Oil rise is gradual but surely. Hibiscus will definitely grow overtime with its good manacement.

And pls don't speculate on good quarter and all this time. They had close their operations for maintenance in September. But maintenance is good and necessary.

Once more, if you invest in this counter you will reap the benefits. If you trade then it's more difficult and all the best.

Once again my 2c. All the best. Waiting for brent to break 62 for another rally. Until then ciaoz

Aiya. Brent drop a little. Probably some correction in hibiscus. But brent found good support at 60. Maybe got chance to collect some of these o&g counters at a discount today. But market is not rational. Might work otherwise lol.

great wall of china at 75c.

very huge block at 75c. need to pass that first

Big block at 73c. Need to pass that first

72.5c big block. Need to pass that

If brent breaks 70 plus the Anasuria itself will bring hibiscus value more than rm1.

Serious?

hopefully not. i just entered 1.06 :P

sell down with low volume. could be to flush out retailers and contra. i buy abit for election play.

Would I be mad if I said kesm is worth rm90?

Frontken semi conductor segment is expected to really prosper. Their concerned in the last qr report was that their other business. for eg, their subsidiary in indonesia that carry out repairs and
rectification works for oil companies would be impacted by the oil and gas downturn. But oil is on the rising trend now.

TA all suggest breakout is gonna happen! Resistance breakout! MACD, PSAR, FI all bullish! And stochastic not overbought~

Exciting times ahead!

http://www.theedgemarkets.com/article/frontken-ready-cater-tsmcs-new-chip-foundry-taiwan

Frontkn gonna boom

Appreciate your concerns orange. But in a major correction or sell off you would see major volume spike during selldown. The volume of selldown from 76c has been decreasing, clearly indicating big players are flushing out retailers. 

Anyway sometimes I wonder why I keep defending this share. All should already know the fundamentals of this company. Maybe I should just let scare continue and perhaps myself can quietly accumulate nearer the next 60c support :P 

Invest at your own risk. I reemphasize that this share is not for trading as the rise in oil price is gradual but surely. And still keep on the lookout for announcement. 

Btw pp nothing wrong. for working capital, to purchase sabah or to finance maintenance last septemper. Remember zero borrowing and profitable counter because of Anasuria. NS to.double revenue. 

Good luck guys. I shall now focus on my tech stocks.

if hibiscus crashing alone i will be worried, but other stocks as well. maybe the october 10 year cycle worry. if its just because of that then this is a huge discount to accumulate the good fundamental penny stocks.

seems like its not only hibiscus correcting. Just bought more at 66c.

Other o&g counters also affected

Wow 10c profit already. Frontken. Don't usually average up but since it broke resistance of 43c I have bought more

im paying more attention to brent prices than hibiscus price. There are so many negative reports coming out about brent. You have to question why are the reports coming out now only? This is to test the resistance of futures prices by speculators.

60c is still the biggest resistance. Just need to have patience. All the meetings and agreements by OPEC and non OPEC. Pretty sure they wont let oil price go crashing again and waste all their efforts. This is all a big game. Oil price will go higher in course of time. Even the shale producers wish so. TA all points to a breakout in oil prices.

Why hibiscus went to 71c at that time? because brent futures almost broke 58c. Then it corrected, hence the price drop.

Click this link, look at the intraday chart and you can see the price of hibiscus is closely linked.

https://www.bloomberg.com/quote/CO1:COM

Actually Pbb already gave a tp of 1+ in January itself. Was monitoring it and only went in at 48c when it broke the resistance of 47.5c. Im still holding it.

Check this out -
https://klse.i3investor.com/blogs/PublicInvest/113343.jsp

Pay attention to this paragraph:

Contingent consideration. We do note that there is a contingent consideration to the vendors, if oil price is above USD75/bbl, but only for between 2018-2021. The contingent consideration is 15cents per USD/bbl. Factoring in this consideration and with the assumption that oil price is at USD75/bbl from 2018 to 2035, Hibiscus? portion of the Anasuria Cluster is worth RM1.03 with the above assumptions remaining unchanged.

That is why i mentioned brent oil prices is very important to the profitability of Hibiscus. If prices would to break out, perhaps we dont even need the acquisition of North Sabah EOR for this counter to fly.

YouBuyIBuy Hi deddy, need your view between hibiscus and reach, which have higher uptrend according your study? Thanks

I cant comment much about Reach yet as they are still in the negatives. For my opinion it is riding on the rise of hibiscs, carimin. But never know, reach qr might suprise us. But at the moment I rather invest in hibiscus.

Btw my 2 cents says hibiscus will trade range bound until further breakout of oil prices. If wish to trade there are many other better counters to make quick bucks. This share more for investing. If wanna trade might get burn because institutional players are inside. They will raise couple of cents to attract retailers and then flush them out.

So depends on your goals. Trade or invest. If wanna invest hibiscus really good stock.

yep yep. most of my investments are in tech stocks. the jack ma hype plus budget 2018. plus tech sector uptrend.

and i am not biased to hibiscus either. this is not the only share in my port. i chose this counter because it is one of the only few o&g counters which has recorded consistent profits and not losses. It has no debts either.

If hibiscus starts recording bad losses or some problems start arising from their Anasuria or Sabah project, I will not hesitate and sell hibiscus.

In the mean time all looks good for hibiscus. Oil on the uptrend, profits are consistent from Anasuria and the upcoming Sabah deal that will double revenue is yet to be announced. Interesting times ahead for hibiscus.

if hibiscus price is the only one that fell then we should get worried, but carimin, reach, umwog and etc price all fell as well. btw oil price dropped to low 57 from 58s. that probably caused the brief profit taking. brent only shot up to high 57s after our klse close.

Anyway brent approaching 58 back again. Once again congrats those who bought below or near pp price. Lets ride on the uptrend.

By the way, there are many who would like to raise uncertainties to bring hibiscus price down for them to collect. There are more than thousand counters in bursa malaysia, if one dont like a share they would not bother commenting on that share. For example, if i dont like keyasic, i would not spend the time commenting in keyasic forum and telling everyone the share price will crash unless i have ulterior motive. There are so many other worse and loss making counters besides hibiscus that needs these keyboard warriors to warn and save people :)

Spend some time studying the financials and reading the audited report of this company. Read their future prospects and study about the directors and owners too. You will find it is a very interesting company. Anyway my 2cents. Good luck in trading guys.

brent approaching 58. exciting monday. congrats those who got it at cheap today. some got even cheaper than pp price.

entering maybulk :)

69.5c suport level. Anywhere there is a good buy. Those who haven't bought can start accumulating bit by bit. Every c drop can buy a little.

why investors got out of ifca? because property market was slowing and ifca started recording losses. Why keep investments in loss making companies?. well if palette follows that line im pretty sure investors will start withdrawing. As most of their revenue now comes from Russia and that revenue is paid to palette by the Russian state insurance fund.. there will be consistent profits to palette for years to come. Think about it, online health care services are PAID for.. pretty sure Russians citizens wont turn that down. Definitely a boost for palette.

As for now Russian economy is picking up as well with rising oil prices and strengthening of the Ruble... though i read that income is paid in USD. As long as Palette maintains their business in Russia and as long as their boss is still there, think its pretty safe to enter palette.

Though keep a close lookout if Mr Brahmal is selling. Dont be stubborn that time to let go.

haha yea 14x very conservative. Current ratio still >1 . no problem la. tomorrow morning I think i'll add some more

if fy2018 can fetch eps 4c, taking conservative PE 14x - pallete tp 56c. but this is excluding the expansions in russia. Wow. Very interesting counter. This shows if you believe in a share dont panic sell. Pity those who panic sold today.

btw one of the reasons why the penny stocks fell last min could be because of the sudden last min dropped in the hang seng index. but its just temporary correction because market over expected good news from meeting in beijing. Market should resume uptrend next week.

https://www.bloomberg.com/news/articles/2017-10-19/hong-kong-stocks-tumble-most-in-a-year-as-geely-developers-sink

Dropped because oil price drop below 58. And also the world largest oil trade release news that brent will fall. But my 2 cents say it is an attempt to drive oil prices down for them to profit.

It is still in the uptrend and it will continue to be as the opec are adamant to stabilise the price. It's no surprise to see many publish bad news about oil in the coming weeks. So many articles about electric vehicles are now surfacing. Why? Trying to test or drive down the oil price for certain ppl to benefit.

Have faith. Look at the bigger picture. Anywhere near 69.5c is such a huge opportunity for those who haven't collected yet.

Wow. Such a huge discount! Reminds me of krono when they had private placement at 79c. Price drop from 90c to 79c. Loaded up crazily. Hibiscus pp at 69.5c. That'll be the support level. Plus hibiscus has zero debts and net cash of 25mil. This pp can only mean one thing! High chance of Sabah acquisition!

Oil price uptrend! Support 69.5c! 100mil plus in bank now! NS acquisition to triple revenue. Hmm... what else is there if dont buy...

TA wise this stock is bullish. Just wondering what is up

yumm Johan :)

is it true?

i think we might see oil breaking 60c soon... this iraq issue looks like escalating... pretty scary

Because brent approaching 57. Just ride the oil uptrend. Can't imagine hibiscus price when brent hits 60 :)