well tony is a real salesman

perhaps after 30 days, who knows :D

chill

littlemiao, I agree, I don't think Hibiscus calculated their profit based on 70 or 60, if I'm not mistaken 50

if you believe in hibiscus you can buy then off the computer, no point worrying about the ups and downs

ouch

the above from BURSA website under announcement.

HIBISCUS PETROLEUM ON TRACK TO DRILL ITS FIRST SIDE-TRACK WELL IN THE ANASURIA CLUSTER
• Anasuria Operating Company Limited on track to drill and complete its first side-track well by 1H 2018 on the Guillemot-A field • Contract awarded to Seadrill for the West Phoenix semi-submersible rig to drill the GUA-P2 sidetrack well • Net 2P Reserves of 1.01 MMbbls to be realised from the GUA-P2 side-track project • Production from the GUA-P2 side-track well to commence upon completion of the project
Kuala Lumpur, 7 February 2018 : Hibiscus Petroleum Berhad (“Hibiscus Petroleum”) announced today that its jointly-controlled operating company, Anasuria Operating Company Limited (“AOC”) is on track to execute and complete the Guillemot A GUA-P2 side-track well, a planned production enhancement project at the Anasuria Cluster concession off the U.K. North Sea, which will unlock 1.01 MMbbls from its current net 2P (proven and probable) reserves.
AOC has recently awarded a drilling rig contract to North Atlantic Drilling Limited, a subsidiary of Seadrill Limited – an international drilling contractor that owns or leases a fleet of more than 50 drilling rigs. Under this contract, AOC will procure the services of Seadrill’s West Phoenix drilling rig, a sixthgeneration semi-submersible unit, to drill the GUA-P2 side-track.
After a regional tender exercise and careful evaluation of available rigs in the region, the West Phoenix was chosen for several reasons including certainty of the rig’s delivery schedule, strong past operating performance, crew competence and good health, safety and environment record. The contract will be effective for a minimum duration of 30 days which is anticipated to commence in the second quarter of 2018.
The GUA-P2 side-track project is an opportunity to re-enter the existing GUA-P2 well and drain additional volumes of hydrocarbons by side-tracking the well into existing reservoirs. AOC is currently targeting to complete this project by the end of June 2018 with production from the side-track well to commence upon completion of the project.
Hibiscus Petroleum’s Managing Director, Dr Kenneth Pereira, said, “Our plans to further extract value from the Anasuria Cluster are progressing on track. These projects are mainly funded from internally generated funds. The GUA-P2 side-track project is part of a series of production enhancement projects shortlisted for execution in 2018 and 2019 which are targeted to increase production to 5,000 bpd by FY2020 while also increasing our 2P reserves. Together with earlier projects announced, we are increasing production, reserves as well as adding to the life of this asset.”
Hibiscus Petroleum, via its wholly-owned subsidiary, Anasuria Hibiscus UK Limited (“Anasuria Hibiscus”), acquired a 50% stake in the Anasuria Cluster in March 2016 and jointly operates the Guillemot A, Teal, Teal South and Kite fields and the Anasuria FPSO via its jointly-controlled entity, AOC. AOC is 50% held by Anasuria Hibiscus and Ping Petroleum UK Limited. Anasuria Hibiscus also has a 19.3% interest in the Cook field located within the Anasuria Cluster.
**End of Press Release**
2

About Hibiscus Petroleum Berhad Hibiscus Petroleum Berhad (Hibiscus Petroleum) is Malaysia’s first listed independent oil and gas exploration

Benalec turns down Spring Gallery's land offer sale in Melaka

Benalec Holding Bhd has rejected an offer from Spring Gallery Bhd's unit Million Rich Development Sdn Bhd involving the purchase of 12 plots of land in Melaka.

Benalec, which is involved in land reclamation, said on Wedneday it had received three letters of offer from Spring Gallery's unit Million Rich Development Sdn Bhd to purchase the plots of land.

“The management is of the view that the offer is not in the best interest of the company and therefore have decided not to accept the said offer,” it said.
Read more at https://www.thestar.com.my/business/business-news/2018/02/07/benalec-turns-down-spring-gallery-land-offer-sale-in-melaka/#Zb1UpybA8AuDRYPE.99

Hong Kong stocks end at five-week low led by property shares

HONG KONG: Hong Kong stocks reversed earlier gains and closed at a five-week low on Wednesday, led lower by material and real estate firms, which tracked their peers on the mainland market.

At close of trade, the Hang Seng index was down 272.22 points or 0.89% at 30,323.20. The Hang Seng China Enterprises index fell 2% to 12,433.29.

The sub-index of the Hang Seng tracking energy shares dipped 1.1% while the IT sector rose 0.93%, the financial sector was 1.11% lower and property sector dipped 2.22%.

The top gainer on Hang Seng was Hengan International Group Company Ltd up 2.03%, while the biggest loser was China Resources Land Ltd which was down 7.67%.

China’s main Shanghai Composite index closed down 1.81% at 3,309.5844 points while its blue-chip CSI300 index ended down 2.38%.

Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.15% while Japan’s Nikkei index closed up 0.16%.

The yuan was quoted at 6.2602 per U.S. dollar at 08:09 GMT, 0.33% firmer than the previous close of 6.281.

As of the previous trading session, the Hang Seng index was up 2.26% this year, while China’s H-share index was up 8.3%. As of the previous close, the Hang Seng has declined 6.97% this month.

The top gainers among H-shares were Byd Co Ltd up 0.22%, followed by Huaneng Power International Inc gaining 0.4% and CGN Power Co Ltd up by -0.48%.

The three biggest H-shares percentage decliners were China Citic Bank Corp Ltd which was down 5.45%, China Merchants Bank Co Ltd which fell 5.3% and China Vanke Co Ltd down by 4.4%.

About 4.76 billion Hang Seng index shares were traded, roughly 165.6% of the market’s 30-day moving average of 2.88 billion shares a day. The volume traded in the previous trading session was 5.70 billion.

At close, China’s A-shares were trading at a premium of 36.47% over the Hong Kong-listed H-shares.

The price-to-earnings ratio of the Hang Seng index was 13.94 as of the last full trading day while the dividend yield was 2.9%.

So far this week, the market capitalisation of the Hang Seng index has fallen by 6.44% to HK$20.01 trillion.

The short and one-factor leveraged Hang Seng index, which is designed to replicate the payoff of a short or leveraged portfolio and is linked to the movements of the Hang Seng Index, was higher by 0.89% on the day at 4,846.69 points. - Reuters
Read more at https://www.thestar.com.my/business/business-news/2018/02/07/hong-kong-stocks-end-at-five-week-low-led-by-property-shares/#4W9HLOKlXoiysxtB.99

Mudajaya files suit against ex-staff for breach of trust
Read more at https://www.thestar.com.my/business/business-news/2018/02/07/mudajaya-files-suit-against-ex-staff-for-breach-of-trust/#UsJKEWRTjk2oUpl6.99

Friends don't worry too much, go shopping for CNY, buy nice things for ur family, come back after CNY, this counter good fundamental, so please go and enjoy ur holiday

should be higher if the warrant price at 0.94

Market bounces back, regains half of Tuesday’s losses, Public Bank up

KUALA LUMPUR: Investors heaved a sigh of relief early Wednesday after the rebound on Wall Street gave them some assurance the heavy selling could be behind, as at Bursa Malaysia, blue chips regain more than half of their losses.

At 9.12am, the FBM KLCI was up 24.01 points or 1.32% to 1,836.46. Turnover was 395.26 million shares valued at RM216.21mil. Gainers overwhelmed losers 601 to 45 while 141 counters were unchanged.

Maybank Investment Bank Research says following the strong rebound in overnight US markets, it expects bargain hunting activities on Wednesday, particularly on those key blue chips which were heavily sold down the past few days.

“Technically, we expect FBMKLCI to trade between 1,800 and 1,840 today. Downside supports are 1,796 and 1,771,” it said.

Reuters reported in early trade, MSCI's broadest index of Asia-Pacific shares outside Japan had crept up 0.5%, recouping some of Tuesday's 3.5% fall. That had been its biggest daily drop since August 2015.

Australia's main index rallied 1.1% and Japan's Nikkei rose 2.9%. The latter slid 4.73% on Tuesday for its steepest fall in 15 months.

Markets took their cue from a late rebound on Wall Street, though investors were warily eyeing E-Mini futures for the S&P 500 which were off 0.2% in Asian trading.

Public Bank advanced 44 sen to RM21.92 and Hong Leong Bank 42 sen higher at RM18.36.

Nestle rose 80 sen to RM115.10 and BAT 56 sen higher at RM32.56.

Petronas Gas added 48 sen to RM17.60, Petron and Hengyuan 38 sen each to RM11.60 and RM13.34.

Among the glove makers, Hartalega rose 46 sen to RM11.30 and Top Glove 43 sen to RM9.13.

Read more at https://www.thestar.com.my/business/business-news/2018/02/07/market-bounces-back-regains-half-of-tuesday-losses-public-bank-up/#wVlbXsl16BDfzurQ.99

Trading ideas: Hartalega, F&N, Talam, Sunway REIT, Eita, Pasukhas
Read more at https://www.thestar.com.my/business/business-news/2018/02/07/trading-ideas-hartalega-fn-talam-sunway-reit-eita-pasukhas/#iJvm8rFIS3uvELhi.99

Malaysian palm oil/Vegoils: Market factors to watch Wednesday Feb 7

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 7.

FUNDAMENTALS

* Malaysian palm oil futures declined on Tuesday, and have now fallen in three of the past four days, tracking losses in global financial markets and as traders booked profits.

* U.S. soybean futures rose 1.7 percent on Tuesday on worries about dry weather hurting crop prospects in Argentina, despite rains expected in the coming days, analysts said.

* Oil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off early this week on Wall Street and other stock markets.

MARKET NEWS

China supersizes pig farms to cut costs in world's top pork market

ADM weighs options to counter U.S. tax rule, hopes for quick action

EXCLUSIVE-CME mulls changes to soy, corn contracts -customers

BP profits surge as oil major leaves downturn behind

DATA/EVENTS

Cargo surveyor ITS releases Malaysia's Feb 1-10 palm oil export data on Feb 10.

Cargo surveyor SGS releases Malaysia's Feb 1-10 palm oil export data on Feb 10. - Reuters


Read more at https://www.thestar.com.my/business/business-news/2018/02/07/palm-oil-market-factors-to-watch-feb-7/#bHxaHIgk0byAGzft.99

woah 10sen counter no volume

LOL I thought kretam LOL

Hibiscus top up a bit this morning

yes, bought before the market down

moving

I've read theedge digital copy early this morning, fund managers said that the panic selling in O&G counters are done by retail investors because of the huge volume

this counter for long term, not for short term, if u r thinking about CNY angpow, I suggest you look elsewhere

FBM KLCI slumps 40 points as sell-off continues

KUALA LUMPUR (Feb 6): The FBM KLCI fell 40.62 points or 2.2% to 1,812.45 today, as the frenzied sell-off prompted by the US stock plunge extended to a second day.

Across Bursa Malaysia, a total of 5.21 billion shares worth RM5.32 billion changed hands with declining issues sharply outnumbering advancers by 1,215 to 121, with another 198 counters closing unchanged.

The KLCI opened the day at 1,814.43, before dropping to a low of 1,795.85 in morning trade — a level not seen since the benchmark index breached the 1,800 point level at the beginning of this year.

At market close, a total of RM42.26 billion had been wiped off Bursa Malaysia-listed companies' market capitalisation.

Oil and gas-related stocks Sumatec Resources Bhd, UMW Oil & Gas Corp Bhd and Hibiscus Petroleum Bhd were the most actively traded counters, all of which ended in negative territory.

Consumer stocks were the biggest losers of the day, with Nestle (M) Bhd closing 1.97% or RM2.30 lower at RM114.30, followed by British American Tobacco (M) Bhd, down by 3.96% or RM1.32 at RM32.

Gainers, meanwhile, were mostly index-linked put warrants as investors bought in as a hedge against broader market losses.

AmBank Retail Research vice president Lim Sae Wai told theedgemarkets.com that despite the frenzied stock sell-off, the FBM KLCI is not oversold yet. However, the recovery in the benchmark index ahead of market close is too early to be considered a sign of stability.

“The glass is half full and half empty now, but it is not a major crisis. The only thing that concerns me is the volatility, as the market can be less rational than normal,” said Lim.

Lim said the massive correction in the US market is still considered healthy, despite the alarming quantum of fall in the Dow Jones Industrial Average since last Friday.

“On the local front, we have the global impact to equity since there is not much news flow. As such the external market’s influence will lead the sentiment,” he added.

Investors looking to buy in but are worried if they are catching a falling knife are advised to be selective and gradually accumulate fundamentally stable stocks that have retraced.

“It is pretty difficult to time the bottom, but the right strategy now is to be selective. It would be wise to gradually accumulate now as the rebound will come just as quickly,” said Lim.

The Cboe Volatility Index (VIX), the most widely followed barometer of expected near-term stock market volatility, more than doubled to its highest level in 2.5 years. THEEDGE

Investors take advantage of choppy markets

HONG KONG (Feb 6): Investors chased opportunities to buy on dips during a volatile session that tracked a sell-off in Asian equities and large declines on Wall Street.

The Asia ex-Japan investment-grade CDS index settled down to 71bp/72bp by the end of the Asia trading day, from 64bp/65bp yesterday, while the Nikkei and ASX 200 closed down 4.7% and 3.2% respectively.

BOC Aviation's 3.5% 2023 were up a third of a point to 99.6/99.83, while Tencent's 3.925% January 2038s jumped half a point to a cash price of 96.5/97.1, recouping part of a two-point loss since Thursday.

Sunny Optical's 3.75% 2023s were a third of a point higher at 99.5/99.8, according to Tradeweb.

Kasikornbank pared morning losses and was trading four-tenths of a point higher in the afternoon at 98.9/99.2, according to Tradeweb.

"It's still a very choppy session," said a Singapore-based credit trader.

The Asia ex-Japan investment-grade CDS index has widened to its weakest point so far this year, with spreads blowing out to as much as 74.5bp on a bid this morning, according to Thomson Reuters data, driven by a 7bp spike in CDS spreads from Malaysia, Indonesia and the Philippines.

Chinese high-yield property names such as Country Garden's recent 4.75% 2023s were unchanged but Hankook Tire's 3.5% 2023s were two-tenths of a point lower at 99.3/99.6, according to Tradeweb.

THEEDGE

keep me posted :)

not suitable for short term trader

hibiscus better bet, the link here Dr Ken was with Sapura Before Hibiscus

Hibiscus better than saprng. Saprng loan with the interest rate up recently profit will be lesser

Papaya Juice LOL King Musang good strategy

No need new acc?

Bursa welcomes stamp duty exemption, trading to resume

KUALA LUMPUR: Bursa Malaysia has welcomed the government's decision to exempt stamp duty on shares of mid and small cap companies, which will take effect in March 2018.

Its chief executive officer, Datuk Seri Tajuddin Atan said on Tuesday the move, which is for three years, was a recognition of the importance of this market segment.

“This will further boost our current initiatives such as Mid and Small Cap (MidS) Research Scheme and the Leading Entrepreneur Accelerator Platform (LEAP) Market,” he added.

Meanwhile, trading in the stock exchange operator, which was suspended in the morning session on Tuesday, will resume at 2.30pm.

image: https://content.aimatch.com/default.gif

Prime Minister Datuk Seri Najib Tun Razak had on Tuesday announced a raft of initiatives would be taken to stimulate vibrancy of the local bourse.

In his keynote address at the World Capital Market Symposium 2018, Najib said the waiver of the stamp duty was to enhance better value recognition and vibrancy in this segment of the stock market, as well as to encourage greater investor participation.

After extensive discussions with the Securities Commission, Najib said several measures would also be implemented to enhance the local stock market.

Tajuddin said these measures would strengthen its long-standing efforts aimed towards increasing the depth and breadth of the capital market.

“Furthermore, these liberalisations as well as incentives granted will enhance the vibrancy and liquidity of our market,” he said.

Tajuddin also welcomed the proposed establishment of a stock market trading link between Bursa Malaysia and Singapore Exchange (SGX).

Najib announced the trading link would allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost efficient manner.

“Bursa Malaysia is committed in our pursuit to strengthen our proposition as Asean’s multinational marketplace with global connectivity and the stock market trading link between Bursa Malaysia and SGX announced by the Prime Minister earlier could potentially be a step towards this goal,” he said.

The Exchange will work with SGX, the industry and the relevant regulatory bodies in operationalising this cross-border initiative.
Read more at https://www.thestar.com.my/business/business-news/2018/02/06/trading-in-bursa-malaysia-shares-suspended-on-tuesday/#1bzRmHBBUxItgY8t.99

Wahid: Market growth to continue despite sell-off
Read more at https://www.thestar.com.my/business/business-news/2018/02/06/wahid-market-growth-to-continue-despite-sell-off/#Ek1Cg6zqwT6D0P3L.99

Bursa welcomes stamp duty exemption, trading to resume
Read more at https://www.thestar.com.my/business/business-news/2018/02/06/trading-in-bursa-malaysia-shares-suspended-on-tuesday/#1bzRmHBBUxItgY8t.99

Buy now or stay clear? Here's what analysts are saying about the US sell-off

(Feb 6): Asian markets took a tumble following the nearly 1,200-point plunge on the Dow Jones industrial average on Monday, but some market watchers said the moves were just a pullback — not a cause for greater concern.

There was no obvious single reason behind the Dow's Monday declines, which took the 30-stock index below the 25,000 mark, although those falls came on the back of jitters over rising interest rates on Friday. Those declines extended into the Asian trading session, with major indexes recording significant losses on the day.

Still, some investors were optimistic that recent declines would resemble a short-lived correction.

"This was clearly a stock market phenomenon, that has become disconnected from the economy and the macro-environment," Jeffrey Kleintop, chief global investment strategist at Charles Schwab told CNBC's "Squawk Box" on Tuesday.

"What we know so far is that clearly, in the volatility markets, there's been a disconnect, there was an imbalance of orders and that seems to have led to this spiraling down of markets. That doesn't mean it's over yet, but these things do tend to correct themselves fairly quickly," he said, adding that recent declines were "just going" to be a pullback.

Suresh Tantia, an investment strategist at Credit Suisse, said the sell-off overnight stateside was driven by algorithms and program selling, highlighting how economic data has remained strong.

"In the next few days, we could see a bit more selling, but this would be a great buying opportunity because nothing has changed fundamentally," Tantia added.

Others sounded more prudent, warning of volatility ahead.

"I actually think there's still too much complacency," Tim Seymour, CIO of Triogem Asset Management, told CNBC's "Squawk Box."

"I think that there's a lot of people that think 'I can buy this dip and everything's going to be fine' and certainly for their sake, I hope it will be. I do think that we have some choppiness before we can put in that bounce," he added. THEEDGE

anxiety disorders, heart problems, not suitable LOL

King Musang agree!

Malaysia and Singapore to set up stock market trading link

KUALA LUMPUR: Malaysia will collaborate with Singapore to establish a market corridor connecting both countries with a trading link between their respective exchanges.


Prime Minister Datuk Seri Najib Tun Razak announced today the initiative as a measure to spur further mutual benefits and harness the economic potential of both countries.


"After discussions between Prime Minister Lee (Hsien Loong) of Singapore and myself, I am glad to say that we have agreed that both markets have reached a sufficient level, sophistication and degree of maturity for us to establish a market corridor connecting Malaysia and Singapore," Najib said.


"This 'Malaysia-Singapore Connect' will provide investors on both sides of the causeway with easier and seamless access to each other's markets with a combined market capitalisation of more than US$1.2 trillion and 1,600 public listed companies," he added.



"This exciting initiative will indeed widen investment options for investors and contribute towards greater activity and vibrancy in both market," he said.


Read more at https://www.thestar.com.my/business/business-news/2018/02/06/malaysia-and-singapore-to-set-up-stock-market-trading-link/#4UeoGYUc1iyZD1OF.99

Strategist who called stock slump says it will be short-lived

SINGAPORE (Feb 6): Peter Garnry said two weeks ago that global stocks were headed for a correction in the second half of the first quarter. While the head of equity strategy at Saxo Bank didn’t get the timing exactly, his alarm bells on the run-up in equity markets were on point.

Now, Garnry says the declines are likely to be short-lived as US 10-year Treasury yields haven’t reached a worrying level.

“We believe this is a healthy correction in equity markets but also likely short-lived as the higher US 10-year yield is still not in the danger zone,” Garnry said in an e-mail. “That area is more likely in the 3.5-4.0% range.”

The S&P 500 Index fell 6.2% in two days, its biggest such decline since August 2015, after yields on 10-year Treasuries climbed to a four-year high of 2.84% on Friday. Markets across the globe were sucked into the selloff, with the Stoxx 600 Index declining for a six straight day on Monday and the Nikkei 225 Stock Average falling more than 10% from its January high, poised to enter a correction.

Still, Garnry says it’s too early to predict a bear market.

“After the correction, equity investors will likely buy into the inflation story and bid up equities once more, which is a classical late-cycle behavior which we last time saw in 2007,” he said, adding that the decline in global equities could extend to about 7% to 10%. THEEDGE

:)

what counter u r in?

can hibiscus up? ur personal opinion

hey u, ur sapnrg won several contracts :D

no worry, not all my money in here, if down so much, I will top up

new TP 1.75? I will monitor closely - simply out of curiousity

this counter market bad, down not much, market up, up not much, I wonder why my friend Tessa likes this counter

between sapnrg and hibis, I rather be hibis LOL

Save your panic. This equity slump isn’t the end of days

HONG KONG: Is it a blip, a correction or the end of days?

Stock markets in Asia tumbled Monday, extending the biggest global selloff in two years. Equity investors are fretting as Treasury yields approach 3%. On Friday, 10-year returns touched 2.85%, and the dollar rallied 0.9%.

Some context, however. While the MSCI Asia ex-Japan Index’s 7.5% return in January was good, it’s not unprecedented. In January 2001, the benchmark soared 12.8%. Also, U.S. government bond yields have been on a steady rise since the start of the year, and that hasn’t stopped Asia from partying.

The key to Asia’s rally is a weak greenback. When investors pumped US$13bil into Chinese stocks last month -- the most in at least two years -- what they expected was not only capital returns, but foreign-exchange gains. No one’s very interested in the Philippines because of the weak peso; as a result, the Southeast Asian nation is home to the region’s worst-performing emerging market this year.

A currency’s strength is dictated by interest rate differentials, in theory at least. And it’s unclear the dollar will get much stronger. Based on the Bloomberg Dollar Spot Index, which determines currency weights according to their relative importance to the U.S. in terms of international trade, one-third of the dollar’s value is dictated by the euro. But five-year bunds finally offered you something last week, after being negative since 2015.

Next in line is the Japanese yen, which dictates 18% of the dollar’s value. There have been plenty of murmurings, from this columnist included, that the Bank of Japan will start stealth tightening, especially in a world of rising U.S. interest rates. After all, Japan’s central bank already owns an unprecedented 45% of the nation’s bond market; how much more entrenched can it get?

Interest rates have been climbing in emerging Asia as well. Malaysia and Pakistan have both embarked on tightening cycles while the Philippines is expected to hike by 50 basis points this year. Interest rates in China and India are also on the up, as Beijing limits credit expansion and Delhi can’t stop spending.

You get my point: Just because U.S. rates are strengthening doesn’t mean the dollar will necessarily follow suit.

In fact, rising U.S. rates and a weak dollar would be an ideal case for emerging Asia. U.S. stocks look expensive: Emerging Asia’s 6.1% earnings yield is more alluring than the S&P 500’s 4.5%. Plus the MSCI China Index is still 25% shy of its record 1993 high.

Don’t think I’m blindly bullish. Last month, I warned of overly optimistic sell-side analysts and said China’s big bank rally was progressing too fast. But unless we see a sustained stronger dollar, this selloff looks more like a blip. - Bloomberg

Read more at https://www.thestar.com.my/business/business-news/2018/02/05/save-your-panic-this-equity-slump-isnt-the-end-of-days/#sSTWgevWVpQM5Oyf.99

Here's the link

http://www.bursamalaysia.com/misc/system/assets/23537/Directive_on_the_List_of_Approved_Securities_(With_effect_from_5_February_2018).pdf

if you look at the list so many under that RSS list not only hibiscus

http://www.bursamalaysia.com/misc/system/assets/23537/Directive_on_the_List_of_Approved_Securities_(With_effect_from_5_February_2018).pdf