Left with the last court decision in Singapore end of this month.
Hopefully, something positive from there.

I was wondering why everyone is obsessing when he's buying or selling, how many units everyday.

Any news on the listing of the e&p worth RM7bil?

I think many of you are hoping for large gains in short period.

I rather have small gains in long period. Slow but steady.

1 week= 1 cent up is very impressive already.
52 weeks= 52 cents

@ wkkely

No idea.
But I noticed that it allows everyone a great opportunity to buy lower.

Strong closing.
Still bullish.

I think it's quite difficult to determine crime in valuing an item, in this case a company's worth.
Different people apply different valuation or metrics.
It's quite subjective and to indicate whether there is crime, it's very hard to prove.

Shahril mentioned it again.
Listing of Sapura E&P worth RM7bil.

Hibiscus is approximately 1/3 of Sapura's E&P biz.
Safe to say Hibiscus should worth RM2.3 bil in market cap based on the latest valuation.

1 week= 1 cent up is very impressive already.
I don't expect anything better.

It may not be an exciting stock as before due to the litigation issue but can look into the future of the biz.
Buy on weaknesses whenever the opportunity arises.

No words to describe but hope in the power plant after the dust had settled.

MADAM TAN KIT PHENG (a substantial shareholder) disposed 1,250,000 shares on 25-Jul-2018.

MR KOON YEW YIN (a substantial shareholder) disposed 770,000 shares on 25-Jul-2018.

MR KOON YEW YIN (a substantial shareholder) disposed 1,685,200 shares on 24-Jul-2018.

MR KOON YEW YIN (a substantial shareholder) disposed 2,050,000 shares on 23-Jul-2018.

MR KOON YEW YIN (a substantial shareholder) disposed 1,378,300 shares on 20-Jul-2018.

I think Shahril doesn't have any interest to push up the share price which is evident when so many other companies are doing share buy back while this company is not doing any.

With his huge pay package, it doesn't need any paper gain on his part.

Foreign selling subsided already.
No impact at this moment.

Next month QR should provide some insight whether there's more growth

Slow and steady better.

Finally, it moves.
Hopefully, it can find a good support at rm1.

This litigation likely will take a while.

Wow, impressive surge from IPO price.

@ jeccy

Take a minute and think why the Dato Thong is selling daily since you mentioned about 5G.

Biz expected to slow down the next few years due to less demand for smart phones especially Apple.

Note: Major shareholder(eg:Dato Thong) selling like no tomorrow

@ JayC

Thumbs up.
Hopefully it's close to your calculation.

And JayC calculated RM260mil per annum(next quarter PAT is RM65mil??)


So many differences.

Anyway, just wait for the QR will know it.
Chill, just sharing.

@ Dericlock

I think the differences is because you calculated RM300mil net profit per annum(Means you are expecting RM75mil net profit after tax this coming quarter??)

Whereas OrlandoOIL calculated RM165mil per annum (next quarter PAT should be RM40mil??)

Mine only PAT RM100mil per annum(next quarter PAT should be RM25mil)

Note: PAT exclude good will and extraordinary gains from sale of assets

@ Asdfghjkl

Interesting view. Thanks for sharing.

Actually at current price is already reflecting fair value.
I think many are too optimistic and hoping the price to go above RM1 (PE:15)with Sabah PSC.

At RM1.50-RM2.00, as most are anticipating, the PE=23-30 for a small cap.
I think it's too expensive.
You guys figure that out.

@ Asdfghjkl

You know something that we do not?

@ Dericlock

My estimation is for total 4 quarters PROFIT AFTER TAX.

Quite close to your PBT if include tax.

@ amusementworld

Actually after looking at the Sabah PSC acquisition, assuming it contributes to hibiscus total net profit , the current price is more or less reflected it.

Safe assumption that 4Q profit=RM100 mil, excludes goodwill & extraordinary gains, at price of RM1 is already PE 15.

This company is not related to Jack Ma's Alipay or Alibaba.

Refer to IPO prospectus page 92.

It says that Revenue group is the only partner with "Company A" in Malaysia.

Note: Alipay is already with GHL and Ipay88 in Malaysia (Page 113)

Good opportunity to buy lower.

@ wiki123

Supermax & Kossan are smaller. Probably have to factor in a discount(10%-20%) to the PE as compared with Topglove & Harta.

Once next QR is out only will know the additional impact on earnings.
It supposed to be factored into the stock price but it seems muted at this moment.

Anyone knows the result of todays court hearing for TG vs ACPL?

Shahril should opt for RM1 salary instead.

Yup, KYY will likely continue to accumulate till it breach MGO, then his voice will be heard.

Tomorrow court hearing. After 5pm should know the result.

EPF buying like no tomorrow.

Shahril remuneration does not commensurate with the company's performance.
His bonus should turn down.
But somehow voting FOR still above 80%, meaning most shareholders agree!!

Probably KWAP trying to accumulate a sizeable portion before a bonus issue is proposed.

@ rlch

Please do not spread rumours.

An engineer to be your personal assistant? Must be a very expensive role to play

I believe the 4 IPP are Malaysia based.
As for J@K$, the plant and its operations are in Vietnam.
Similar to YTLPOWER Wessex Water, our minister would not have jurisdiction to terminate YTLPOWER's operation in UK.
I don't see any issue.

Wow, very volatile.

One day up 20 cent, next day down 20 cent.

@ hollandking

Going towards RM5 very soon

@ teoct

No hard feelings.
Just my opinion.

Yup, daily volume growing.
Looks like it's going to surge back to RM1 soon.

The share buy back quantum too small to push up share price.
The company is not genuinely buying much.

Real share buy back will look like YTL Corp or YTL Power.
Everyday consistently more than 5 mil share buy back.

WOw, almost RM1 already.

I recalled a few individuals here saying it will reach RM2 soon.

@ teoct

Since you're so confident crude oil will surge to USD100 soon, I suggest you buy up Hibiscus as much as you can today.