Hahahah...incredible things.. after 1 year? u will run after 1 month

Sell strategy always include take profit n cut loss.
Nonetheless...i still believe in its business n management. Might go in after this

Oil price dip momentary below 50. Hibiscus most likely will tend down again. Already hit my all strategy. Remember my sell is when oil drop below 50. So.... discipline is very very important for me on sell strategy

42 cents is still good. Nta is 0.52 without north sabah asset. Thus at 0.42 is about 20% discounted from nta

I mean what'a ur average

Jayalbert.. that's ur average

Wahaha... fucker Calvin taneng...u damn fucker
Par value is not the worth of the company. It's how much the company issue it's share. It's only used in dividend calculation. You calvintaneng is a damn conman fucker

calvintan says hibiscus worth RM1 cos its par value is RM 1.... WAHAHAHAHAHAHAHAHA....laugh till I shit in my pants

john Lu, what price u top up?

Hello... how is everyone?
Oil price drop steep. Hibiscus break support. 0.44 broken. To be honest.. I'm not going to cheer leading or give positive energy. I'm going to say it's weakness right now. Short term indicator is weak.
Fundamental wise is intact but oil price must not go down below 50... otherwise profit won't improve much from last quarter.

actually its not about tone. I don't care about how he say it as long as its beneficial.

But a few shit comment shows his knowledge is damn little and try to talk cock here. This is what we hate most. talk without knowledge.
I am here with knowledge bru, so you better buck up when u start talking shit

HAhahaha...calvin is so so stupid !!!! now want to laugh at ppl name !!
Caught you, you bastard !!

PAR VALUE RM1 = the stock is worth RM 1 !!!!! Fucker joke of the century.

You go back and sleep la calvintaneng, just write whatever you see in report without understanding at all. Damn you !! HAHAHAHA

Par value 0.01 = RM0.01, .. WAHAHAHAHAHA,
Then all stock mostly will worth RM1. HAHAHAHAHAH

Thanks anson8222, this is just too funny to ignore. This shows Calvintaneng is purely a fake guy

Wahahahahahaha...calvintan !!!! wahahahahah, value is only 1 sen?????!!! u think I stupid ah???? this is the greatest joke ever !!

Hey, stupid, par value is how much the share is based against. It can be par value of RM1, par value of RM0.50, par value of RM0.10. Means if the stock is trading at RM1 of par value RM1, its equal to RM10 of par value of RM0.10 so to speak. WAhahahahaha, it is NOT what the share worth !! stupid ass




The par value of hibiscus is Rm0.01

In other words the par value of hibiscus is only 1 sen.

You all have been fooled kaw kaw!

Are you drugged groggy and cannot think properly?

Still stuck here and you will be finished!!

Battle at 0.425, hmmm, ok la, I go support the battle @0.425

oil seriously took a dive. I've been so busy that I didn't notice it went from 55 to 52 now. I am expecting trade range of 50-60/barrel throughout this year, so its still profitable for hibiscus.
Short term sentiment is going to be weak. Technical indicator cut below 50 days SMA of 0.48 at the price of 0.455. Not so good.
Oil price dip quite sharply in recent weeks.
fundamental wise, impact is minor due to oil price range of USD50-60 which is expected throughout this year which will still bring higher profit to hibiscus quarterly.
Sell strategy is below USD50/barrel, that is one of the cut loss plan.

Technical players like b4b4 need to sell once it drop below 0.48. otherwise, will already making losses.

hello guys...sorry been very very busy. new event in life
by the way, who is still holding? b4b4, what is ur buying price?

seems like hibiscus breaks the 50 days SMA of 0.48. now trading at 0.45. near term don't look positive. oil price drop till 53 USD already

as the volume start to dwindle, soon all the cheerleaders over here will be silent, and you know they are gone for good

Got 0.25.

0.255 can buy bo

Seems like it's getting quiet here. Everybody dump d? Technically... support at 0.47. Break this will be not good in short term

I think volume will drop a lot

0.25

hello hello....anyone? B4b4?

50 days SMA is at 0.47 now. nice uptrend. But share price a bit weak now technically cos its below 25 days SMA of 0.505. The 25 days support had become resistance at 0.505. Thus need to break 0.505 to resume uptrend and must not break below 0.47.

Fundamental, nothing changed yet.

0.49 coming.... expect calvin to come.

finally, traders come here to speak. otherwise only me alone talking to myself. Been holding at 1.23 since last year

See my Engtex performance

Guys... I'm still here....
B4b4 cheer leading again. When reach 0.55 he will go silent... haha.. good trader

But I'm a investor. I preach n walk the talk. Now it's 0.51. Cool... cool

Venfx.. how r u

nice to meet u, I am from penang...the best place to live in.
wow, that's a whole lot of trading u looking at. I am not even into forex. That's your full time job?

john is always here. what is your buying price or average price?

venfx, where u from?

wow, bought at 0.23 and 0.18????? damn...I miss the boat. I bought at 0.475 only. nvm, paper loss a bit.

VenFX, what other stocks u holding? Me mainly hibiscus, engtex and careplus

Take care guys, from profit now I am making losses. 0.47 today. still above 50 days SMA support which offer some relieve. Already in OVERSOLD region. So, technically should see rebound but if break 0.46 tomorrow, it will test our balls and guts

haha..someone deleted his comment will close at 0.465.

150 170?

I still holding since 0.475. Now below my buying price already.
Last week the volume is just damn huge. So if there is a sell down, very easily to push down the price. The 0.46 support can be gone in 1 minute.
I am not sure what is going on but oil price still stable...
My Cut Loss strategy

1. Oil price drop below 50
2. Hibiscus turn to Red or net profit drop significantly (>15%)
3. North Sabah deal did not materialized

My take profit strategy
1. Oil price >60
2. PE >20
3. North Sabah materialized and the price hit the NTA value (price to book = 1.0)

Since all these criteria not met, I am not selling yet

anyone sold?

hello guys...sorry was too busy with work. Yesterday break 25 days support. 50 days support at 0.46. if break this, very susah. will see steep downturn. That's on technical side

Fundamental I don't think anything changes. So I am still sticking to my sell strategy. I am holding and not selling yet. Hopefully my interpretation of hibiscus business and fundamental analysis is correct.

I had seen stocks where they rally so high and when the great financial result is out, they start selling and will drop 2 figure percentage. this one still stable at 0.500.

The fundamental had changed so much !!!!


1. Revenue all time high at 62 mil. ALL TIME HIGH
2. net profit margin at 17%. Gross profit margin is even higher, >70% !! where can you get such margin
3. EPS 0.76. If we take this and x4 for 4 quarters, PE = 0.515/0.03 = 17. This is the worst case PE ratio. As we know, the actual PE is much lower because of accounting. not cheap but not expensive. SKpetrol trading at PE 19 right now
4. Operating cash flow positive of 37 mil !!! Operations generating pure cash. 37 mils !!
5. Cash and cash equivalent increased to 60 mils. No Debt, sitting on cash of 60 mils !!!!
6. NTA of 0.52. Share price 0.515. Therefore, price to book is about 1x. Not cheap but not expensive. Skpetrol also trading at 1x price to book.

This quarter profit is base on 41USD/barrel. Oct - Dec 2016 at oil price 41 USD/Barrel. Now oil price is 55 US/ barrel average which will reflect in next Quarter

It has broken Calvin's 3rd Rule

1) HE THAT IS LOW NEEDS FEAR NO FALL. Hibiscus jumped from below 20 cts to 50 cts. Already up more than 100% without fundamental



HaHAHAHAHAHAHAHAH. THIS IS SO FUNNY. CALVIN 3RD RULE. HAHAHAHA

we just calculate, this Q result is base on 41 USD.
Next quarter, Jan - March , Oil at 55USD average and USD dollar is still in good strength. Gross profit expected to increase by 34% !!

We can listen to calvintaneng cos he speaks with facts, but how he interpret it, we can disagree or agree.

After digesting the results, I am at peace and have confidence with Hibiscus. So I stay invested. Technical wise, support at 0.500 at 25 days SMA. If break this, will drop to 0.45 the strongest support, it break this, gone.

Fundamentally, I am happy with its operating cash flow, NTA increased to 0.52, Revenue at all time high at 62mil, net profit margin at 17%, gross profit margin at 70% and with all these, ZERO DEBT !! Cash pile at RM60 mil.
The only thing I don't quite like is its EPS at 0.7 sen.

Hahahah.... tahnks a lot calvin, we have different opinion now. In this case, we can agree to disagree on hibiscus. Do trigger me once u see any other interesting stock that you LIKE. not stock that you DONT LIKE. I can take a look

Calvin, 30% of NTA, you know what stock you can buy? Property stock. its always 50% of NTA right now. IOI property, my favourite. But look at its cash call...you can get heart attack.

NTA is always a good benchmark for me. I buy at 0.475 and NTA is 0.52, Enough buffer kua?

And I like this kind of conversation with him, It helps me see things from another perspective

Actually I like Calvin. Although we debate and call each other name, but I respect investor such as him.

Calvin ! You need to take into account all of these factors

1. PE, NTA, DEBT, CASH on hand, Operating cash flow, Gearing, NTA, Current Ratio, etc.

You buy DRB cos the share price is so much lower compare to NTA, of course you die la...making LOSS leh. Who ask you go buy loss company.

You need to take all the above into consideration. LEt say I saw a company with PE 3. ( a lot of China companies now worth that) and you say, WAH SO CHEAP. then you die lor... So low of PE and price/book value usually tells u something is fucking not right with the company.

We are dealing with O&G, which incurred high assets and high debt. Normally we don't use cash on hand to value a company (have you heard of healthy debt?). Assets is a good valuation. NTA is 0.52, Hibiscus now is 0.51, Too overvalued?

To be honest, I still don't get it why you use cash/share to measure a company. So far I haven't done that. private placement is definitely there for the purpose of raising capital.

That is why I am looking also at the operating cash flow. Operating cash flow of 37 mil ! purely from operation activities. NOt including from other investment.

OTHER INCOME does not significantly contribute to 2016 financial results (24 mil in 2016, 21 mil in 2016)
OTHER EXPENSES impacted 2016 a lot (38 mil in 2016, 7 mil in 2015)

So, if we can manage the OTHER EXPENSES and still getting profit, I have not much concern yet.

Cash on hand = RM60 mil with no debt . Hehe