https://www.thestar.com.my/news/world/2022/02/27/investors-brace-for-volatility-as-west-moves-to-cut-russia-off-from-swift

All Russia oil sold to international country traded in USD mostly via swift system...

SPR release is less of a concerned ... Iranian oil back to market is the only factor that could bring down the price at the moment..is expected by early next week.

oil will find a higher ground on monday!!

https://www.thestar.com.my/news/world/2022/02/27/germany-and-western-allies-agree-cutting-russia-out-of-swift

now hibiscus very lonely...go headwind against broad market..

nothing to blame...with RM160mil profit per quarter...it will definitely climb toward RM1.5 around next QR release assuming oil above USD80

Oil price tumble as US new sanction does not include energy sector but indirectly hard to get bank LC to buy from russia..oil price to continue to climb

https://www.investing.com/news/commodities-news/exclusivemajor-buyers-of-russian-oil-struggle-with-bank-guarantees-sources-2771217

tomorrow will open at 1.29 and continue rally

Run and buy hibiscus!! this DNEX RM48m per Q for many Q to come. Hibiscus next Q onward sure will have RM150m per quarter!!!

it is hard for oil to hold at USD100. touch maybe but not holding at that price unless Russia and Ukraine go into war.

anyone has any idea why it tumble like this??

next quarter will be a superb result. Jan to feb so far are USD80 to USD90+. simple calculation will give you around RM150mil PAT

also a lot of ticket were sold on last friday...most of them cash out because of nuclear agreement and they will buy back after nuclear agreement announcement made. So don't be surprise hibiscus price will up after the nuclear deal

hard to say...in order for compliance...the iran oil may not be back so soon. last time omicron came out, all expect OPEC to reduce production but they maintain output...the price shoot up pula.. cost of iran oul has largely priced in after few weeks already.

Based on fundamental analysis and trend, hibiscus is a better bet since it is directly benefit from high oil price!!

Brent is recovering from lowest USD90.27 to USD93.27...very volatile...monday a lot will chase again

https://www.investing.com/news/commodities-news/opec-would-seek-to-bring-iran-into-oil-supply-deal-2767181

will slowly crawl back to 1.26 in a week or 2

sometimes they all like know the oil price going to tumble overnight. Since 2.30pm Dayang, Carimin, Hibiscus, Armada all Oil & Gas counter drops

maybe share changing hand

It is almost certain moving forward, profit will be RM624mil annual if oil price +-USD90/barrel.

Next Q very likely challenge RM1.5!!

Hwai Hooi the QR is so so however Investment Bank is not looking at current...they are looking at coming...next Q confirm RM140mil or above!!

so u miss from 1.15 to 1.21 sinkalan

where is rr88 sinkalan??

witan..iran oil back into the market but the Russia and Ukraine tension persist...thus limit the down side.

Name me one company that can earn RM624mil per year but the share price still at 1.14???? crazy cheap!!

u only look at RM48m profit per quarter. IB bank look at USD78m per year contribution from repsol which about RM80m per quarter earning and that is only based on average of USD70+ per barrel. Plus the existing RM48m at oil USD75/barrel. at the current oil price USD90...each quarter translate to RM156mil almost guaranteed!!!!!One year profit RM624mil!!! if price stay around USD90

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3233722

All it need its the oil price to push a little

Maybank give TP RM1.7!!!!!

which sinkalan evening star again?

like dead stick

hibiscus is immediate profit in 3 months times...completed repsol acquisition Jan. Dnex very long way to go but more stable less sensitive to oi price because of diversify business

i cannot imagine to the ppl who play contra before the trade halt....how many months already

QR is one week away!!

dunno how high it can go?

thought will break 1.2 today..haiz

This QR dont think will reflect the Repsol sales

dunno this QR will announce another dividend or not

may be will challenge new high of RM1.35 soon

i think maybe natural gas drop by alot for past few days from USD5.5 to USD4

bought .61 exit .685

why sudden surge?

Blueoceanwhat RM150m annual profit is probably 1 quarter revenue from Hibiscus. share price not too far away. i foresee hibiscus will surpass Dnex by a lot

got feeling coming QR will announce another round of dividend

out of steam...might fall back to 1.09

it will be good if can close >1.15