bank of Singapore

waa still strong. huraiiii. I love u SERBADK.

https://www.youtube.com/watch?v=OC8qzKpeq9M

#KPMGSAMPAH

waaa still stay strong.

waiting for Energy chart move up again than price might continue to move up. If not susah sikit. But hibiscus somehow will always follow Brent price. Hari ini hijau dia pun hijau. hehehe. https://www.isaham.my/stock/energy

waaa reach after this will become rich company la because can export more oil.

This is all related counter PMHLDG, PMCORP, MUIPROP, MUIIND. All this counter possible to start moving. Can start monitor.

You play contra you memang died dulu. hahahah.

yes because politic. Agong are requesting all political party leader to meet him 1 to 1. This only mean something going on and there must be a political change in the country as we come to the end of darurat. With this Anwar again have a potential to become PM as he is a possible candidate for PH. PN is crumbling with short of support as UMNO decided to pull out support for PN latest in August. That is why PM related counter start moving again.

Sapu la.

yeah i also agree. run if consolidation.

I manage to average down to 65 Cent. Thank you seller.

walau wei karim selling share in KPOWER & SCIB but increase stake in SERBA. Wth his trying to do.

oil market waiting for Iran decision and if they agree with IAEA and European Team than Iran oil going to flood the market and possible down trend for that. But on the other hand major typhoon and storm season going to start in gulf of Mexico which going to disrupt US supply as many oil facility will be force to shut down temporary.

Why not. He is our ex president. PETRONAS manage to stand strong under his hand when shale oil crisis happen in 2016 until 2018 under his leadership. I respect him on that.

maybe Hibiscus can get Tan Sri Wan Zulkiflee Wan Ariffin to join Hibiscus board.

Just wait for the oil price to swing after lunch. If oil maintain i think will stay as it is at current price.

Its an old news. Action also taken by SC last week already. I dont understand why they purposely publish it now and the wording on the title even misleading as it is not a news break as if they want to show something happen today. It is actually an old news happen last week. I think the editor of this report should be question on why purposely mislead readers with the title of the news.

I hope dividend next year :-). hehehe.

The edge ni biar betul. Dah takde cerita lain ker ? Cerita basi pergi cerita balik pasai apa ? Things happen last week baru cerita hari ini as if something happen today. Aiyo. Mcm ni pun ada ke. Aku ingat KPMG je sampah. Jangan theedge pun sampah sudah la.

The SC, in an emailed response to questions on whether it was looking into the issues raised by KPMG and whether the market rumours of a raid at Serba Dinamik’s office were real, says, “Following the submission of the report from Serba Dinamik’s auditors, the Securities Commission has commenced investigations into the matter and secured documents and records from the company last week to assist its investigation.”

Reap88 this is for you. The rest pergi baca sendiri ma.

https://www.energyvoice.com/oilandgas/asia/327445/repsol-set-to-sell-handful-of-southeast-asia-assets-to-hibiscus/

Following the sale, Repsol will still have a large footprint in Southeast Asia, notably in Indonesia and Vietnam.

“The sale of the company’s upstream assets in Malaysia and in Block 46 CN in Vietnam supports Repsol’s broader rationalisation of its global portfolio, streamlining its presence from 25 to 14 core countries within the framework of the multi-energy company’s 2021-2025 Strategic Plan that focuses on the geographic areas with the greatest competitive advantages,” said Repsol.

This deal follows the sale of the company’s producing assets in Russia, the cessation of oil production activities in Spain and the exit from exploratory activity in other countries, added Repsol.

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E8%B4%AD%E6%96%B0%E8%B5%84%E4%BA%A7%E6%89%A9%E5%85%85%E6%B2%B9%E6%B0%94%E4%BA%A7%E9%87%8F-%E5%A4%A7%E7%BA%A2%E8%8A%B1ebitda%E6%96%99%E5%A2%9E559%E4%BA%BF

On the other hand, the funds to purchase assets come from the issuance of convertible redeemable preferred shares (CRPS), internal financing and bank loans.

He also explained that the company will not raise funds through the issuance of rights shares. "We already have enough funds. Moreover, it is not easy to raise funds by issuing rights shares."

Hoping for Brent steady above 71 USD so that tomorrow Hibiscus can have a nice push.

The edge ni biar betul. Dah takde cerita lain ker ? Cerita basi pergi cerita balik pasai apa ? Things happen last week baru cerita hari ini as if something happen today. Aiyo. Mcm ni pun ada ke. Aku ingat KPMG je sampah. Jangan theedge pun sampah sudah la.

The SC, in an emailed response to questions on whether it was looking into the issues raised by KPMG and whether the market rumours of a raid at Serba Dinamik’s office were real, says, “Following the submission of the report from Serba Dinamik’s auditors, the Securities Commission has commenced investigations into the matter and secured documents and records from the company last week to assist its investigation.”

who ever want to run please run but please visit Hibiscus. Hhahahaha.

KPMG SAMPAH

Based on current oil movement, potential for Brent to test USD 75 and continue to USD 80.

Based on current oil movement, potential for Brent to test USD 75 and continue to USD 80.

Based on current oil movement, potential for Brent to test USD 75 and continue to USD 80.

Based on current oil movement, potential for Brent to test USD 75 and continue to USD 80.

Terbaik :

On the other hand, the funds to purchase assets come from the issuance of convertible redeemable preferred shares (CRPS), internal financing and bank loans.

He also explained that the company will not raise funds through the issuance of rights shares. "We already have enough funds. Moreover, it is not easy to raise funds by issuing rights shares."

It is not for contra player

I pun beli jer at 77 sen. Kalau jatuh average down. Kalau naik tunggu raih pulangan. Tak kisah pun. At this point ada possibility akan naik dan akan jatuh. But i dont think major shareholder i.e Karim & Kadier will just sit there and watch everything crumble due this KPMG fiasco.

By the way KPMG bila nak revert ? If got strong evidence and everything to back your audit findings, why took you so long to even reply ? Hopefully KPGM tak jadi another sampah.

“We have nothing to hide and had even taken prompt action to address all the queries raised by KPMG within three days after the matters were brought up on May 3. It is KPMG which has yet to revert since or does not provide any direct or immediate timeline to conclude its audit.”

yeah i think so, wait after AGM.

terbaik

I don't think this coming QR would be that good. Maybe slightly better than last QR. The real performance of their glove unit can only be seen starting next QR i believe. That`s my personal view la.

Enjoy the weekend guys :-)

https://www.youtube.com/watch?v=OC8qzKpeq9M&list=RDOC8qzKpeq9M&start_radio=1

they create panic because they miss the boat. they want it cheap so that they can enter. hahahahah. They not doing it for free la. Of course they have something in it for them.

Let see on Tuesday how investment bank,mutual fund, Polo Investment, Hibiscus Upstream and Kenneth play this counter.

Hibiscus is not a penny pump and dump counter la. Normally it will go up and down in tandem with oil price because it is an upstream counter and now hibiscus got fundamental + supported by higher crude oil price + new source of income + potential double or triple revenue and profit + increase in oil & gas reserve + venture into new partner and country Vietnam (one of now major developing country in Southeast Asia).

EPF and PNB still holding a lot and only release small portion of their holdings. Sarawak Govt also buying and increase stake. Karim also buying. Kadier Non-stop buying and increase stake. KWAP selling their stake. Awang Daud selling a bit.Mutual Fund Selling a bit. Tabung Haji maintain.

For me Hibiscus is manage well by Malaysia people and they manage to stand the strongest wave last year and this year. Now they emerge stronger. I am very proud and happy to bought this counter share last year when it share price well below 30 cent. To see it success and now will become one of serious major Oil & Gas Player in Asia really give me satisfaction. As an investor of this company, i just want to say congratulation Hibiscus and their team from every level and Job Well-done guys. Like what kakiminyak said..You are truly BUNGA RAYA.

This is crazy . Good job Hibiscus.

The acquisition will boost the company’s 2P net entitlement of daily gas production from 2 MMscf per day to 49 MMscf per day in 2022; meanwhile 2P oil and condensate reserves will be increased from 46 MMbbl to 67 MMbbl and 2P gas reserves would jump from 9 Bscf to 93 Bscf.

It added, the 2P oil, condensate and gas reserves are valued at US$285 million.

Hibiscus Petroleum sees RM558m Ebitda in 2022 from Repsol deal

KUALA LUMPUR (June 4): Hibiscus Petroleum Bhd expects its daily oil and condensate production to double from 9,000 to 18,500 barrels per day next year after it has taken over five production sharing contracts from Spanish oil major Repsol.

The acquisition will cost Hibiscus US$212.5 million (RM879.5 million).

In the statement, Hibiscus said it estimated that the new asset purchased will generate approximately US$255 million total net undiscounted cash flows over the next five years.

It also highlighted that the estimated earnings before interest, taxes, depreciation and amortisation (Ebitda) contribution to the group is US$135 million for 2022.

The company’s indirect wholly-owned subsidiary, Peninsula Hibiscus Sdn Bhd had on Tuesday entered into a conditional sale and purchase agreement (SPA) with Repsol Exploración, S.A. for the proposed acquisition by Peninsula Hibiscus of the entire equity interest in Fortuna International Petroleum Corporation (FIPC).

FIPC owns stakes in four PSCs in Malaysia and one PSC in Vietnam.

The transaction includes a 35% interest in PM3 CAA PSC, 60% in 2012 Kinabalu Oil PSC, 60% in PM305 PSC and 60% in PM314 PSC offshore eastern Peninsular Malaysia, and 70% in Block 46 CN in Vietnam (a tie-back asset to the PM3 CAA production facilities).

Trading of Hibiscus shares is suspended from Wednesday until Friday in conjunction with the announcement. The counter last closed at 65.5 sen, valuing the group at RM1.3 billion. The stock will resume trading next Tuesday (June 8).

In a bourse filing today, the company said almost 50% of the FIPC Group’s production comprises gas.

“The addition of gas production is expected to present a better balance to the Hibiscus group’s asset portfolio in terms of price volatility, markets and operations,” it said.

According to the group, the actual breakdown of the source of funding will only be determined later, and will depend on, amongst others, the group’s cash reserves and future funding requirements.

Meanwhile, it said, the purchase price was arrived at on a willing-buyer willing-seller basis.

“The company anticipates completing the transaction in 2021. However, given that the effective date of the proposed acquisition is Jan 1 2021, all economic benefits and risks from that date will accrue to Hibiscus Petroleum,” Hibiscus said.

The acquisition will boost the company’s 2P net entitlement of daily gas production from 2 MMscf per day to 49 MMscf per day in 2022; meanwhile 2P oil and condensate reserves will be increased from 46 MMbbl to 67 MMbbl and 2P gas reserves would jump from 9 Bscf to 93 Bscf.

It added, the 2P oil, condensate and gas reserves are valued at US$285 million.

“Once completed, this acquisition will be transformational for us and bodes well for the business trajectory of Hibiscus Petroleum into its next phase of growth.

“Finally, we will be enhancing our geographical footprint and entering Vietnam and thus we look forward to developing a strong working relationship with PetroVietnam, both as a regulator and as our new partner,” said Hibiscus Petroleum Managing Director Dr Kenneth Pereira.

https://www.theedgemarkets.com/article/hibiscus-petroleum-sees-rm558m-ebitda-2022-repsol-deal

Abdul Kadier, a member of Serba Dinamik's audit and risk committee, withdrew his proposal to call for an EGM to remove KPMG as its auditor on Wednesday, three days after he sent the notice to Serba Dinamik on his proposal to replace KPMG with BDO PLT.

If you are a member of audit and risk committee, you should be one of the first to know if there is any risk to the company pertaining to the audit issue.

By now don't you think he suppose to be the one who selling the stake because he suppose to know the company having audit issue by now. But somehow he acted differently by buying a lot and more.

Dont you think it is weird ?

Now dont you think he know something that we dont know? Than why he is buy instead of selling ?

Ask yourself about it..

And oskchoon the best thing is Abdul Kadier is also

Abdul Kadier, a member of Serba Dinamik's audit and risk committee, withdrew his proposal to call for an EGM to remove KPMG as its auditor on Wednesday, three days after he sent the notice to Serba Dinamik on his proposal to replace KPMG with BDO PLT.

If you are a member of audit and risk committee, you should be one of the first to know if there is any risk to the company pertaining to the audit issue.

By now don't you think he suppose to be the one who is selling the stake because the company having audit issue by now. But somehow he acted differently by buying a lot and more.

Now dont you think he know something that we dont know? Than why he is buy instead of selling ?

Ask yourself about it..

EPF and PNB still holding a lot and only release small portion of their holdings. Sarawak Govt also buying and increase stake. Karim also buying. Kadier Non-stop buying and increase stake. KWAP selling their stake. Awang Daud selling a bit.Mutual Fund Selling a bit. Tabung Haji maintain.

As i suspected Kadier buying again. hahah habis la Karim. Karim need to increase stake if not he going to loss the battle. Kadier is ferocious.

To be honest i also kena average down. But okey la so far. I dont intended to sell my share at the moment. If it go down average down more. itu jer la.

aiyo government give chance until end of June to report FP during this MCO.Ambil la. rugi tak ambil.

Kadier buying more stake and now close to Karim.