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2022-02-25 21:05 | Report Abuse
The big story to wait for would be sanctions on Russian oil and gas. Just wait for that for next leg up. May come over the weekend so as to reduce shock impact on markets. My bet is it is coming for sure. If not now maybe in the coming weeks.
2022-02-24 23:49 | Report Abuse
i3lurker Your price is u.s. oil not Brent.
2022-02-24 22:53 | Report Abuse
The pipelines running through Ukraine are at danger of damage due to war. If the pipelines are turned off for safety sake or are ruptured, Europe will suffer huge shortage and that will create incredible demand for energy. We are talking about CRUDE OIL , LNG , COAL. LNG tankers will be in huge demand. Let me know if Bursa has this tankers manufacturers. The order book will balloon.
2022-02-24 12:16 | Report Abuse
100 plus !!!! I am not taking about the energy drink, it is the price of Brent right now. Ho ! Ho ! Ho !
2022-02-24 12:14 | Report Abuse
The pipelines carrying oil and gas to Europe through Ukraine territory may be blown up. That is the big threat right now.
2022-02-24 12:05 | Report Abuse
Yeah I see that happening, people selling other counters and jumping on the Hibiscus rocketship.
2022-02-23 22:59 | Report Abuse
Putin wants higher energy prices, but don't underestimate Biden as he is a big promoter of green energy and EV revolution. Higher energy prices will benefit his agenda in shifting to alternate energy to fossil fuels. Higher energy prices may be what they are both dreaming of. If it is the case then brace for Hibiscus sky rocketing.
2022-02-23 22:54 | Report Abuse
Biden kick Putin in the backside with some sanctions , now mad Putin gonna increase the heat level, then Biden will increase sanctions, then Biden gonna increase the heat level some more, sooner or later crude oil price will be at $100 - $ 150 ? Hmmmm ?
2022-02-22 00:16 | Report Abuse
It is definitely a possibility.
2022-02-21 23:41 | Report Abuse
Tomorrow 22-02-22 is the 8th anniversary of overthrow of Russian backed government in Ukraine. There is a possibility it may be the date selected for invasion. Brace for impact. If war does happen, the markets could be in turmoil. There will be forces pushing prices up and forces trying to push prices down. Who will win? Some may wonder why some forces will try to push price down. Biden and allies will try to teach the aggressor a lesson by hurting their finances.
The war may not be a guarantee for easy money to be made. Just beware, the outcome depends on who wins in the financial markets. I was all in on Hibi and Pantech, but today sold 30% to keep some cash on side just in case. Market goes up I win, market goes down I shall buy lower. just sharing my thoughts. Your strategy should suit your own style. Best of luck everyone.
2022-02-21 09:02 | Report Abuse
Ha! Today Hibi is like a race horse. From the moment go, straight run full speed.
2022-02-18 20:52 | Report Abuse
macam mana pulak banding bintai dengan hibiscus? cerita pulak macam warren buffet. tak tahu pulak beza antara bunga dan duri
2022-02-18 12:10 | Report Abuse
by end of day should have podium finish for actively traded. next week more to come, cheers to all onboard.
2022-02-18 09:40 | Report Abuse
Your comments are plentiful, some are interesting but regret to say some not so. I am referring to language in particular. This site is frequented by many, disrespectful language is strongly discouraged. Thank you for considering the Aunties and Uncles that visit this site.
2022-02-17 09:10 | Report Abuse
The price fell after market close, oilprice.com updates when market reopens. Iran negotiator tweeted nuclear deal is getting closer, so oil price quickly dropped. Don't worry, next week it should be bullish.
2022-02-16 22:03 | Report Abuse
After pullback, price movement lose some power. Next week recovered and on it's way forward. The crude oil journey continues. The war happen or not is another story. Even without Russian attack, crude gonna cross 100. With war will shoot even higher.
2022-02-16 21:37 | Report Abuse
Who asked to believe Putin, dia banyak cerita pusing loh. Next week Hibi rocketing to the moon loh.
2022-02-16 03:44 | Report Abuse
Next week will launch for the moon.
2022-02-16 03:41 | Report Abuse
This is not a hot stock.
2022-02-14 12:56 | Report Abuse
This beauty is having more and more followers by the day. It is getting pretty hot. Soon there will be a stampede to get hold of her. Keep this sweetheart close to you heart. Enjoy the journey.
2022-02-12 23:47 | Report Abuse
If Russia moves into Ukraine Crude oil and Natural gas prices could sky rocket as a result of sanctions. Let's see how that plays out.
2022-02-12 23:44 | Report Abuse
Benny In my opinion Biden and allies have already "handed over" Ukraine to the Russian's when he said that the Americans that have not evacuated will not be rescued by American forces as firing shots at the Russians may trigger WW3. So there you go. As far as American's fighting Russians in Ukraine is concerned, it is a big No! NO! from Biden. What they are doing instead is stationing American troops at neighboring countries that share common border with Ukraine and are on the side of the allies that are fearful of being invaded as well. That is Poland, Romania etc What the Allied countries plan to do is impose economic sanctions against Russia. That is it. No WW3.
2022-02-10 10:49 | Report Abuse
rattynz Thank you for taking the trouble to research and critique Pantech, appreciate it very much. I went in at high 50's and am quite confident they will do well. I agree with you Hibiscus has greater potential for price upside movement. i split my investment between the two as a measure of precaution as Pantech is not as volatile with movement in crude oil price or rather has a delayed reaction. kind of gives me some time to decide during critical volatile moments. Also it is a survivor in harsh market situations with dividends continued to be paid. Thank you once again.
2022-02-10 09:25 | Report Abuse
With so many discounts, it looks like logic for cheap sale. I usually use margin of safety to invest not to dispose. By the way going by the Pandemic sting starting to wane, demand for crude oil expected to rise. Iran - U.S. nuclear talks not expected to succeed, the price may be heading further north. Traders are already expecting $100 - $ 120/barrel later in the year. I will wait and see.
2022-02-10 04:02 | Report Abuse
Moneymore PAT RM750M Whoa !!! If come true really really syiok lah. That comes to 37,5 sen per share. With PE 10 as you project it would translate to share price as $3.75 sen !!!!
Money more, or more money, more money. Ha ! Ha ! Ha ! Really syiok lah. Can you share how you came to the whopping PAT of 750M.
2022-02-09 23:54 | Report Abuse
rattynz What is your take on Pantech. I am equally invested in Hib and Pan. Appreciate your view point, thanks.
2022-02-09 10:19 | Report Abuse
Iran is good friends with China and Russia. They are playing games with the U.S.
2022-02-08 09:37 | Report Abuse
No worries, Hibiscus current p/e is only about 4.5 !!!
2021 earnings Hibiscus + repsol assets (15 sen + 9 sen) = 24 sens
Yesterday's closing price $1.08 / 24 = 4,5 !!!!
Super cheap valuation considering we are using last years earnings at much lower crude price. Apa lagi mau ?
2022-02-07 23:37 | Report Abuse
Windy1974 Agree with you p/e 10 is a low reference point. Hopefully sentiment for Hibiscus will improve in coming months.
2022-02-07 12:56 | Report Abuse
Do not be surprised if this stock becomes super hot in 2022 and in the coming years. This is starting to look like a super bull cycle for energy stocks.
2022-02-07 12:53 | Report Abuse
Windy1974 Bursa valuations may not be the best to use for estimation. Take a look at exxon mobil p/e 15, Chevron p/e 16, BP p/e 17.
Using p/e of 10 for Hibiscus is not high at all. It is actually a very conservative valuation. I believe Hibiscus will prove to be a great company to invest for the future. The p/e may go higher as they put up a good performance. I have confidence in the management.
If crude oil price goes past $100, then you see what happens.
2022-02-07 12:42 | Report Abuse
So if your house is worth $300K will you accept $110K ????
Now you know why Hibiscus has high volume ever since the Repsol acquisition has been completed. I believe big funds are now collecting due to big discount. Hope to see the price gradually rise to true value. Just be patient.
2022-02-07 12:36 | Report Abuse
Kingkong I don't simply mention $3.00 for fun, it is based on numbers. Let me show you then u tell me what u think.
Last 2 quarters Hibiscus quarterly profit average is 2.28 sen. So times 4 = 9 sen for one year.
Repsol paid dividend for 2021 earnings at RM$300M. So this is 15 sen per share. Now we add 15 sen and 9 sen to get 24 sen. That is what Hibiscus can earn per share based on Last years average crude oil price. In 2022 the earnings per share should be much higher. But I just use easy to do math number 30 sen per share. It could be higher but let's make a conservative estimate just to be safe.
So if we use p/e of 10, we get 10 x 30 sen = $3.00 !!!!!!!!
It will eventually depend on current and future crude oil and natural gas price. For now we can only estimate. So what do you think?
2022-02-07 10:10 | Report Abuse
By the way with rising crude price I revise my TP to $3.00 .
2022-02-07 10:09 | Report Abuse
The assets acquired already paid back RM$300M++ in one year. That is enough proof it is an excellent investment. How old does not matter.
2022-02-06 01:23 | Report Abuse
Kuda ku lari gagah berani, Hibiscus gonna jump some hurdles and win the trophy. Make sure you place your bet on the winner.
2022-02-06 01:18 | Report Abuse
Bitcoin is also mining business. Black gold versus imaginary gold. Let's see 2022 which one is performing better.
2022-02-05 00:22 | Report Abuse
After CNY the giant must have woken up to drive up demand even higher. Not to mention spring and summer seasons are the most busiest for crude oil.
2022-02-04 23:54 | Report Abuse
apple168 Wish you good trading on Monday. Don't chase high, wait for pullback then go in. Take care bro.
2022-02-04 09:23 | Report Abuse
You look at top volume counters on Bursa, more and more energy counters. Once it becomes hot, you see the counters start to fly. Still not too late.
2022-02-04 09:17 | Report Abuse
apple168 Crude oil is in a multi year bull cycle. It is not too late to get back in.
2022-02-04 08:27 | Report Abuse
Below $2 don't sell lah. Seldom get good counter so cheap.
2022-02-04 08:25 | Report Abuse
LOL !!! Apple waiting for price drop. Alamak price going up.
2022-02-03 11:28 | Report Abuse
It is funny you say sunset industry right after you sell. LOL !!!
2022-02-03 09:17 | Report Abuse
Hibiscus will remain a hot stock on Bursa as long as the price is below RM$2. As it is selling at a deep discount.
2022-01-29 23:36 | Report Abuse
Repsol dividend already gave back U.S. $73 M in just one year. That was 2021 crude oil price and now already cross $90 barrel. 2022 will be Hibiscus fly time year. Of course provided crude oil is giving us a good price. The forecast is it will.
That 73M is about RM$290 M or about 15 sen per share. Pengsan lah looking at all this. If this is not a buy signal than what are we waiting for ??????
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2022-02-25 22:01 | Report Abuse
Nato countries will do for Ukraine what the U.S. did for Afghanistan during 10 years of fighting Russians. They will supply sophisticated weapons to fight a guerilla war. For now Russia may be winning, but the pain will come to them for many months ahead and possibly for many years if they choose to remain in that hell. The frreedom fighters will recieve the weapons through the border with Poland and Romania (both Nato members). Just as the Afghans recieved U.S. weapons through border with Pakistan.
Russian army will live through hell. Just watch the events unfold. Many Ukrainians will die though. That is the reality of war. Pray for peace and wisdom for all nations.