kesian MrRoy ni.After doing the same in sumatec now come to Hibiscus. Kesian nyer this MrRoy.

DONT THINK SO BECAUSE LAST WEEK CLOSE IS AT 0.075. MORE UPSIDE WAITING FOR SUMA NOT REVERSAL.

i will start buy on tuesday.it will push up from this price.

Good Job Felda.

Felda clarifies acquisition of Indonesian Eagle High stake

http://www.thestar.com.my/business/business-news/2017/01/02/felda-clarifies-acquisition-of-eagle-high-stake/

FELDA would like to clarify a few things in light of its recent acquisition of a 37% stake in PT Eagle High Plantations TBK (EHP) that StarBiz has reported on Dec 29 and 31:

1. Financing of the acquisition

Felda has secured government financing for this deal. The government supports its initiative to expand our operations through this deal as it not only benefits Felda but also all the other stakeholders in the industry.

Having said that, of course Felda considered all funding alternatives available to it and its priority is to put in place an optimal structure which minimises cost and risks.

2. Access to sugar business

Access to Rajawali’s sugar business was negotiated when Felda Global Ventures Holdings Bhd (FGV) took the lead in the acquisition proposal since it served to be more relevant for synergy with FGV’s MSM Malaysia Holdings Bhd.

FIC Properties Sdn Bhd on the other hand would want to focus on the already vast opportunities in the palm oil industry whilst at the same time strengthening the Council of Palm Oil Producing Countries’ (CPOPC) agenda between the two nations.

3. Control of the company

There is a reason for not pursuing a controlling stake which Felda cannot disclose before it goes through the approval process of the relevant authorities, both in Malaysia and Indonesia.

However, what it can say now is that it needed a strong local partner to materialise its business plan to expand in Indonesia. As Rajawali Group is among the largest conglomerates in Indonesia, it is a much sought after partner not only in the plantation sector but also other related businesses.

Furthermore, Indonesia can be a challenging market to navigate as some Malaysian companies have experienced and therefore “we saw the need to have a strong local partner that could lead us through it”.

“We will get three seats – two in Board of Commissioners and one in the board of directors.

“We can’t go into details of the terms as it is pending regulatory approvals but this deal has been negotiated thoroughly and in detail. The key is we have managed to slash down the price by close to 30% to US$505.4mil (RM2.26bil) and Felda’s downside risks are protected.”

4. Commitment to Felda settlers

Felda has always been on the lookout for good business ventures as an avenue to increase “our revenue which in turn would benefit none other than our most important stakeholder – the settlers”.

This EHP acquisition is one of those efforts to achieve this objective.

The acquisition is also in line with the government’s objective of establishing the CPOPC to stabilise the CPO price. This will benefit not only the settlers but also the industry as a whole.

The statement is issued by Felda head of corporate communications Khadijah Mohamad Radzi.

BRENT SHOOTING

BRENT SHOOTING

Oil prices on track for greatest yearly percentage gain since 2009

http://www.cnbc.com/2016/12/29/oil-prices-edge-up-despite-unexpected-us-crude-inventory-build.html

Party on in Bursa, extolled sector is once-beleaguered oil and gas

PETALING JAYA: There is a party going on in Bursa Malaysia, and the sector being extolled is the once-beleaguered oil and gas (O&G) sector.

Over the last few days, O&G stocks on Bursa Malaysia have seen some buying interest, buoyed by higher oil prices from expectations of tighter supply once the first output cut deal between the Organisation of the Petroleum Exporting Countries (Opec) and non-Opec producers in 15 years takes effect this Sunday.

Brent crude oil and WTI crude oil have rallied by some 25% since mid-November on expectations of this historic deal draining out a cumulative 1.8 million barrels of oil inventories for a total global production cut of 2%.

Opec produces a third of the global oil, or around 33.6 million barrels per day.

As of 5pm yesterday, Brent crude oil was up one cent to US$56.23, while WTI crude was down 22 cents to US$53.84.

However, the O&G heavyweights were not moving up yet. Instead, actively traded on Bursa Malaysia were O&G penny stocks such as Hibiscus Petroleum Bhd, Perisai Petroleum Teknologi Bhd, Sumatec Resources Bhd, Borneo Oil Bhd, KNM Group Bhd and Reach Energy Bhd warrants.

Hibiscus has been steadily climbing over the last three months. Its share price has now almost doubled from the 20-sen level in October. Hibiscus closed the day up one sen to 41 sen.

Even Practice Note 17 company Perisai has almost doubled its price, and only within a month. As at end-November, the stock was trading at the five-sen level. The stock closed unchanged at nine sen and was the most actively traded counter of the day.

“With the recovery in oil prices, the oil producers will start moving first. Once these stocks have plateaued, then interest will turn to the service providers,” said one observer.

Hibiscus and Reach Energy are seen as having direct exposure to oil production.

SapuraKencana Petroleum Bhd, although not a producer of oil, is considered the bellwether of the Malaysian O&G sector due to its sheer size as a service provider and engineering company.

“You won’t see the earnings of the Malaysian O&G service providers turn around just yet. The excesses and consolidation will still have to take place in 2017. The industry as a whole will only recover over the next 12 to 18 months,” added the observer.

On Nov 30, Opec and non-Opec producers amazed scoffers by agreeing to have their first production cut in eight years. The deal also included Opec’s first coordinated action in 15 years with non-member Russia.

Some people are starting to feel that the rise in oil prices can be sustained at the US$60 level as globally, the oil majors have started reinvesting.

This is a sign that after two years of pain, the experts are seeing a bottom, and hence, the revival is beginning.

Then, of course, there is Saudi Arabia’s state oil producer Saudi Aramco, which feels “comfortable” that by 2018, oil prices would have recovered and market conditions would be right for what could be the world’s largest public listing.

Aramco, estimated to be worth about US$2.5 trillion, is expected to list around 5% of its equity.

Even after this recent rally, oil prices remain at about half their mid-2014 levels, when prices began to collapse, reaching a low of US$27.10 on Jan 17 this year. Historically, Brent crude oil had reached an all-time high of US$145.61 in July 2008.

http://www.thestar.com.my/business/business-news/2016/12/30/crude-oil-cheer/

Party on in Bursa, extolled sector is once-beleaguered oil and gas

PETALING JAYA: There is a party going on in Bursa Malaysia, and the sector being extolled is the once-beleaguered oil and gas (O&G) sector.

Over the last few days, O&G stocks on Bursa Malaysia have seen some buying interest, buoyed by higher oil prices from expectations of tighter supply once the first output cut deal between the Organisation of the Petroleum Exporting Countries (Opec) and non-Opec producers in 15 years takes effect this Sunday.

Brent crude oil and WTI crude oil have rallied by some 25% since mid-November on expectations of this historic deal draining out a cumulative 1.8 million barrels of oil inventories for a total global production cut of 2%.

Opec produces a third of the global oil, or around 33.6 million barrels per day.

As of 5pm yesterday, Brent crude oil was up one cent to US$56.23, while WTI crude was down 22 cents to US$53.84.

However, the O&G heavyweights were not moving up yet. Instead, actively traded on Bursa Malaysia were O&G penny stocks such as Hibiscus Petroleum Bhd, Perisai Petroleum Teknologi Bhd, Sumatec Resources Bhd, Borneo Oil Bhd, KNM Group Bhd and Reach Energy Bhd warrants.

Hibiscus has been steadily climbing over the last three months. Its share price has now almost doubled from the 20-sen level in October. Hibiscus closed the day up one sen to 41 sen.

Even Practice Note 17 company Perisai has almost doubled its price, and only within a month. As at end-November, the stock was trading at the five-sen level. The stock closed unchanged at nine sen and was the most actively traded counter of the day.

“With the recovery in oil prices, the oil producers will start moving first. Once these stocks have plateaued, then interest will turn to the service providers,” said one observer.

Hibiscus and Reach Energy are seen as having direct exposure to oil production.

SapuraKencana Petroleum Bhd, although not a producer of oil, is considered the bellwether of the Malaysian O&G sector due to its sheer size as a service provider and engineering company.

“You won’t see the earnings of the Malaysian O&G service providers turn around just yet. The excesses and consolidation will still have to take place in 2017. The industry as a whole will only recover over the next 12 to 18 months,” added the observer.

On Nov 30, Opec and non-Opec producers amazed scoffers by agreeing to have their first production cut in eight years. The deal also included Opec’s first coordinated action in 15 years with non-member Russia.

Some people are starting to feel that the rise in oil prices can be sustained at the US$60 level as globally, the oil majors have started reinvesting.

This is a sign that after two years of pain, the experts are seeing a bottom, and hence, the revival is beginning.

Then, of course, there is Saudi Arabia’s state oil producer Saudi Aramco, which feels “comfortable” that by 2018, oil prices would have recovered and market conditions would be right for what could be the world’s largest public listing.

Aramco, estimated to be worth about US$2.5 trillion, is expected to list around 5% of its equity.

Even after this recent rally, oil prices remain at about half their mid-2014 levels, when prices began to collapse, reaching a low of US$27.10 on Jan 17 this year. Historically, Brent crude oil had reached an all-time high of US$145.61 in July 2008.

http://www.thestar.com.my/business/business-news/2016/12/30/crude-oil-cheer/

Post removed.Why?

SUMATEC RESOURCES BERHAD (“SUMATEC” OR THE “COMPANY”)
 PROPOSED PAR VALUE REDUCTION;
 PROPOSED RIGHTS ISSUE WITH WARRANTS;
 PROPOSED ACQUISITION;
 PROPOSED IASC; AND
 PROPOSED AMENDMENTS

ESTIMATED TIME FRAME FOR COMPLETION

Barring any unforeseen circumstances, the Proposals are expected to be completed by the first quarter of 2017.

yeah im waiting for it to go beyond RM 1.00.

It is for our member here who buy the share above 0.390. Im a long term holder of Hibiscus share at 0.205. So slight reversal of the price are normal for this counter as it is purely upstream based.

my first target at this moment is 0.425.But potential the price to be push higher for First Quarter 2017 above 0.50.

Should there be a less-than-expected drawdown or a more-than-expected surplus, oil prices may be in for a downward reversal due to the high concentration in speculative net long positions.

Rafizi (Si Purtar alam terbesar Pakatoon) should comment on how much epf lost in investment with shell.

First Quarter 2017 will be for sumatec :-).

awaiting inventory data from the U.S. Department of Energy later on Thursday to see if official figures confirmed Wednesday's API report.

PETRONAS agree to cut production at 20000 pb effective first Jan 17

tonight a few country will announce their production cut.

sebab tu kita collect masa 0.055 - 0.06. hehehehe.

First case kapal selesai dan next in January satu lagi news.

heheh so close to my first target 0.425.

haha i told you so. it will move to its actual price above 0.4 and 0.425

Tak lama dah.

Post removed.Why?

watch this to carefully Sumatec and Pdz. Internal fight

hehehe chak chak

the last oil and gas counter to be push up.

congratulation Perisai Holder

waaa PN17 perisai higher then sumatec wooo...

PETRONAS agree to cut production next year.

heheh tak main la kfc.

heheh dah lama beli dah. tunggu masa jer.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5292373

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? :No

Types of corporate proposal :Private Placement

Details of corporate proposal : PLACEMENT OF UP TO 82,305,362 ORDINARY SHARES OF RM0.01 EACH IN HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM") REPRESENTING APPROXIMATELY 6.05% OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF HIBISCUS PETROLEUM

No. of shares issued under this corporate proposal :41,305,300

Issue price per share ($$):Malaysian Ringgit (MYR) 0.2900

Par Value ($$) :Malaysian Ringgit (MYR) 0.010

Latest issued and paid up share capital after the above corporate proposal in the following

Units : 1,443,844,291

Currency : Malaysian Ringgit (MYR) 14,438,442.910

Listing Date : 20 Dec 2016

going to be another Hibiscus.

its going for it actual value.above 0.40

based on todays close. it will push up even higher next week. good luck all.

like i said it will eventually move to 0.425.

i already makan a lot of this suma.now waiting for it to shoot up. hehehhe tak lama dahhh.

so much good news coming in. Brent will be push up.

Energy Information Administration reported a bigger drop in weekly crude oil stockpiles than analysts expected.

Crude inventories fell by 2.6 million barrels in the last week as refineries hiked output. That compared with analyst expectations for an decrease of 1.6 million barrels.

wow what happen

after completed all transaction and process baru akan start going up.

Post removed.Why?

On Saturday, oil ministers from OPEC countries will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

Russia has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants — half the reduction OPEC is making.

Azerbaijan has said it will come to the Austrian capital with proposals for its own reduction. Kazakhstan may offer to freeze output at last month's level, Kazakh Energy Minister Kanat Bozumbayev said.

On Saturday, oil ministers from OPEC countries will meet non-OPEC producers in Vienna to seek help in curbing a global glut.

Russia has said it would cut 300,000 barrels per day, meaning other non-OPEC producers combined would need to pledge the same amount to lower output by the 600,000 bpd OPEC wants — half the reduction OPEC is making.

Azerbaijan has said it will come to the Austrian capital with proposals for its own reduction. Kazakhstan may offer to freeze output at last month's level, Kazakh Energy Minister Kanat Bozumbayev said.

so many good news for this counter.

wow error pulak sekarang

tomorrow morning i will buy again and top more and more.