Anyway my 2 cents say this consolidation phase is temporary. No surprise that foreign investors are selling. We have alot of mgs maturing soon and they are scared the ringgit will plummet just like last November. But we are in much better position now then we were in last year. Like I mentioned both semicon & o&g on the uptrend. Budget 2018 will be end of this month too. Let's hope got some good news there.

Can't deny that because it's true. Just take it as a guidance.

Although shorterm MACD negative momentum, stock still trading above 50 MA. Stochastic RSI oversold and BBW squeezing. Fundamentally, frontkn exposure to both o&g & semiconductor, which are both on bullish trends. 37c support level as that is the lowest point of closing since 7 Sept. This is a really good opportunity to accumulate based on both TA and FA.

carimin and dayang having sell on news effect. dont be surprise it temporarily drags down other o&g counters as well. but once profit taking done can expect a rally again.

looks like sell on news. dont be surprise temporarily it'll drag down other o&g counters as well.

Yeah. Kinda expect. Pity those contra. Probably have to wait another mth

Been holding ifca as my property cum tech portfolio for mths at 38.5c. Waiting for the D Day... waiting waiting...

Nope. Not today again. Have to wait another day for breakout

43c very big block. Need to pass that first

To test the bull, analyst and researchers will now come out with articles to test the resistance of the trend like the alternatives to oil for eg market transition to electric vehicles and etc. If doesnt get the reactions and uptrend still persist then it;ll be confirm that bull is on the way. No harm holding some positions in o&g stocks. Since we already saw banking, metal and tech rallies.

crude prices has been up EVERYDAY since 19th to 25th September . Its just 2 days of small correction. Hence the 2 days drop in Hibiscs pricing.

Crude Oil is still on the uptrend. Why? It was up at the start of the night but dropped a couple of hours in because they announce US shale is still picking up. But after the announcement it rose back which clearly indicates that the trend is still intact.

This is just the beginning of the bull. Its a matter of time it will reach $60 per barrel. Hibiscs price will follow close to the crude price since its in the upstream.

Reminder: hibiscs has no loan borrowings, net profit for last 5 quarters after acquiring Anasuria, and the impending North Sabah deal which will almost double revenue.

Just my 2 cents :) Price of hibiscs down these 2 days mirrors the minor drop in crude prices for the 2 days after the 7 days of rise.

Happy investing ppl.

anyway chose hibiscus also because they dont have any loan borrowings.

brent co fell below 57 for a short while and then rebound immediately. Bullish trend is still there

its not good to spread rumours. dont have to as well. just look at facts. read their quarterly reports. After Anasuria acquisiton. 5 quarters straight net profit. North Sabah acquisition upcoming. PBB tp 1.06. BIMB 80c. Most of the researches points to oil being on a bullish start. hibiscs in upstream. Every dollar rise in price contributes millions of profits to them. Exciting times ahead.

Oil futures turn green 15 mins ago!!! https://www.bloomberg.com/quote/CO1:COM

Hibiscs rose from 63c to 64.5c.

Mega sale might be over. If overnight oil rise.. tomorrow can open bottle celebrate. collection time might be over.

It's not shark. Oil futures dropping. Profit taking. Most oil counters also down. Take this as opportunity to accumulate. Managed to get at 63.5c. Queing up more at 61.5c. If can get

https://www.google.com/amp/s/www.cnbc.com/amp/2017/09/27/oil-shortages-could-push-prices-all-the-way-to-80-commodities-expert-says.html

Comparing other o&g counters below rm1 I strongly prefer hibiscus because they had record net profit every quarter since acquiring Anasuria. Most signs clearly point to oil recovery. Hibiscus is a gem

https://www.google.com/amp/s/www.forbes.com/sites/jimcollins/2017/09/27/rising-demand-will-continue-to-drive-the-rally-in-crude-oil-prices/amp/

Oil futures are up. Probably tonight it can test $59 or maybe $60 if optimistic. Anyway just treat today as shopping time for o&g shares. I sold off all my tech holdings except frontkn. Time to focus on o&g sector.

Tech rebound not lasting. Keep an eye open for oil play

Oil play might be coming back faster than I thought.

Hmm expected tech to rebound strongly but it did not. Oil futures are up and selldown not that bad for hibiscs. Looks like something encouraging. Might not get as cheap as expected.

Remember t4 today so it's normal if there is profit taking. Good opportunity to accumulate at lower price.

so far oil price a little down now and since tmr is t4 probably there is some profit taking. Those who havent enter probably can get a chance to do so if feel lthat the price is high now/

Revenue since acquisition of Anasuria.. per Quarter since qr ending mar 2016... 31mil, 48mil, 54mil, 62mil , 69mil , 74 mil. This is definitely a growing company. Net profit will stabilise in course of time.

those o&g companies that have survived this 3 yrs of oil price crash have already done all sorts of restructuring.. sell asset, layoff staffs, cut costs, jv etc etc. We can all see a complete turnaround for hibiscs after they acquired Anasuria. Now with the North Sabah acquisition, revenue will almost double.

When we first had the tech rally everyone was scepticle... jhm, penta, vitrox, krono... most shout that these counters all goreng.. played by sharks. But just study the company. Study the business.

PBB gave a good review and TP. Oil price like it or not is rising. Just like gold, metal and other commodities.. all have risen.. why cant oil?

Dont bother about the contra players and all. Just buy Hibiscus to INVEST. Long term.

69c big block. need to pass that first

hibiscs not so scared to invest because PBB tp 1.06 and BIMB securities give 80c plus. At least got research done. Carimin a little scared.

66.5c is good price edi. there are many days ahead for the oil rally.

Sooo many sellers lining up at 68.5c. Need to pass that

we need to satu malaysia. sama sama push towards 70c!

que quite large. 68c onwards alot of sellers

82.5c big block. need to pass that before any rise

67c big block. need to clear that first

66c block

thursday selldown and profit taking because friday was holiday and opec meeting was over the weekend. hence investors were cautious. break 65c next will test 70c.

65c big block. if can break that will retest 70c again

Guys pls don't panic. Oil & Gas stocks are about to pick up. About 3 years already downtrend. Many o&g companies that are surviving has already cut cost, sold assets, etc etc. Now oil price is recovering. We already had a rally in banking, metals and tech. It's about time for o&g. Maybe not to the point of before 2014 but some rally. I think we should not worry so much about last Thursday. Of course there was profit taking on that day as Friday was a holiday and Opec meeting was over the weekend. Investors a little cautious on that. Come Monday if able to hold above support level Hibiscs is a real gem to watch. PBB tp 1.06 with the North Sabah purchase in mind. Don't think 80c should be a problem in the near future. My 2 cents.

double bottom at 60.5c today. decided to re-enter hibiscs at 61.5c. as long as doesnt break 60.5c its all good. Probably next week back up. PBB tp 1.06. Dont think its a one off show. See u all next week. Happy holidays

moment of truth. if break 70c it will skyyyyy rocket . next target 80c

70c big big wall! need satu malaysia power again to break!

looks like profit taking and panic selling over. lets sit back and enjoy the show. 3 days holiday, good pocket money

Oil price rises again. Possible for another day rally?

http://www.thestar.com.my/business/business-news/2017/09/20/hibiscus-leads-penny-oil-stocks-up/

ladies and gentlemen. big wall detected at 65c. need to join forces to break again

wow everyone showing such unity supporting our national flower. Tmr lets all plant bungaraya in our gardens

cant see anymore big blocks.... waaa

waaaaa...... great wall pecah....

mari kita satu malaysia pecah kan !

if break 60c the price might go out of control