Due to oil price adjusted back to slightly lower after ytd night rebound. Investor is sell off to take small profit. Tml rig count will be announced. Only see how is the impact to oil price. Look like oil price increase will not give much impact. Unless back to prev level or any good news report by company then hibiscs only can be move fast. Or else will be right now, moving slowly. But also is good for long term investor.

Now oil waiting for tml rig count. If rig count show reduction, oil price will further move up.

Waiting of any contra player... Willing to sell low.

Hibiscs is still a good counter to invest since correction from last mth. Previous is going by people but right now is slow move base on good fundamental. Once acquisition of new oil field is done. This counter may further improve in profit n move up to another level. Is good for those look for long term investment.

Oil price continue in upward trend. Second half maybe another move for hibiscs. Now all of us just waiting for annouchment about acquisition of oil field result.

But at least still up.. Slow move also can consider up. Just sometime expect too high. But hibiscus still a very good counter for long term invest.

Sorry is 0.41

Thanks GM68. Anyhow Hibiscs still try to climb up.. Still lack of news annouch by company to hit up the price. Hit back to 0.405.

Brent oil price start the engine again.. Today if hibiscs can close at 415 is quite good day..

Thanks GM68. Because they mention next year mean Q1. So make me confuse. The issuing has been done???

May I know hibiscs wish to issue of new share at 0.29 based on last December news. Will this impact to share price?

大红花石油（HIBISCS，5199，主板工业产品股）宣布，将私下配售发售价，定于每股29仙。

根据文告，该发售价等于包括12月8日闭市价的5天加权平均成交量市场价格30.47仙，4.8%或1.47仙的折价。

大红花石油在8月9日建议，通过私下配售发出最多8230万5362股，给第三方投资者，料能在明年首季完成。

按配售价每股29仙，私下配售活动预计最高可筹集2386万8555令吉，将作为营运资本和未来发展的投资额。

Up up up

Probably open price will hit 0.415..

Probably today can close at 0.415

Brent oil price close at 52.59 up2%

Crude futures settled higher on Wednesday, after the latest Energy Information Administration (EIA) report showed a smaller than expected rise in U.S. crude stockpiles while output disruptions in Libya continued to lift sentiment.

Feel sad.. I though able to close at 0.41. But nvm LA.. Lot almost going to clear. Hope tml have another good start.

Oil price is hit 51.80.. hibiscs at 0.41…

oil price up to 51.74 increase 0.62%

up up up

I believe Hibiscs will fly in one day… I hope can annouch the acquisition as fast as possible is benefit to all of us.. If oil price is stable in this range, I will keep hibiscus for long term.

wow... oil price is strongly recover... just hope to night EIA report no impact so much for this bullish.

you can see the oil price drop... they immediately to react whether want to extension the production cut. so, they actually put in an effort

they wont let the oil price drop to that level. that is their country main income. this is just because of over supply, if they able to control. no point the oil price to down anymore.

Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year.

build up the good base first.. from now to TP 0.55

brent oil price is continue to going up at 0.39% @ 51,62

people will still try to look around. oil price cannot 100% is stable. confidence level investor is take time. from 0.55 drop until current level. people will prefer play contra instead of long holding. give hibiscus some time to recover. slow move is better than going down.

Brent oil up 0.23% at 51.54 right now. Good show will be coming for next few day. If oil price continue with this momentum.

Price move up… and now stable at 0.41.. just wait to clear out all profit taker by those who bought at low price in pass few days.

Russia and Iran will continue cooperation in reducing oil output in order to stabilize the global energy market, according to a joint statement signed by both countries on Tuesday.

(Reporting by Denis Pinchuk; Writing by Andrey Ostroukh; Editing by Jack Stubbs)

Nice move.....

queue buy at 0.41... good start....

Oil price continue in increase momentum

大红花石油（HIBISCS，5199，主板工业产品股）与国油勘探（Petronas Carigali）私人有限公司合作，以2500万美元（约1亿463万令吉），收购荷兰皇家蚬壳（Royal Dutch Shell）在沙巴北部的提高石油产量生产共享合约（PSC）50%股权和共同经营权。

收购计划预计会在今年中旬完成，目前正待国家石油（Petronas）批准。

行家建议：

若收购计划成功，我们估计，大红花石油的合理价值将为1.15令吉。因此若完成该收购活动，股价将上涨。

As at now oil increase 1.2%, is good sign

if to night oil price can continue move up.. tml will be the good day for hibiscs

WOW.. oil price look like move up

brent oil price 51.26

oil price up up

Not falling, is clear out all the investor not confidence with this stock

look like contra kaki reduce....

wow... 0.405 going to finish..

Crude prices rebounded in Asia on Tuesday with industry data on inventories ahead expected to set the near-term tone.

On the New York Mercantile Exchange crude futures for May delivery rose 0.25% to $47.85 a barrel. On London's Intercontinental Exchange, Brent lost 8 cents to trade at $50.84 a barrel.

Ahead, the American Petroleum Institute will release its estimates of crude oil and refined product stockpiles at the end of last week, followed by official data from the U.S. Department of Energy on Wednesday. A 1.183 million barrels build in crude is seen with a 1.106 million barrels fall in distillates and a 1.933 million drop in gasoline stocks.

Overnight, crude settled lower on Monday, as investors questioned whether an OPEC-led production cut would be extended beyond June amid worries over a glut in supply.

Oil prices fell to November lows during the U.S. session, as concerns over a glut in U.S. inventories, continued to weigh on sentiment, despite an agreement from a join committee of ministers from OPEC and non-OPEC oil producers to review whether the current OPEC-led deal to cut production should be extended for an additional six-months.

Investors focused on a significant change in tone from the joint committee, as an earlier draft of the statement had said the committee “reports high level of conformity and recommends a six-month extension” but the final version omitted the recommendation, and called for “a technical group and the OPEC Secretariat to review oil market condition and revert … in April 2017.”

Can up to 0.415 probably.

Oil price continue shoot up.. dadadalada…

Oil price is stable right now.

GM68 ytd manage to gon in some at 0.395. my average price now is 0.42.. lower than kakashi already.. haha

Price is further drop... maybe will touch 0.395 today.

GM68, support your statement. I just waiting good news to come in.. oil price I can see is almost sustain at 50 level. this is good sign, if inventory level cannot be down. OPEC sure will further cut. From their statement, the 6 mths cut is enough to reduce the stock level. the impact should be can see in the month of Apr.