Whats your TP for this stock?

I see this as a healthy pullback before moving higher

Small volume these past couple of days making it easy to manipulate the price. Can see there is someone making sure the price is supported at 0.465-47 range

Stong support at 0.485-0.49 area

KYY is creating downward pressure again

Jackfruit this is a positive indication that demand is able to absorb the selling pressure and finally broke thru the stubborn resistance at 3.25. I expect this to continue its upward momentum. As you say, this is still undervalue

Yes resistance broken. Lets hope Mr KYY does not hinder this from shooting up anymore

Nice close. Ended with a bullish hammer. Continue flying next week

Wouldnt the issuance of new shares dilute the value of existing shareholders?

No transaction so far....what a slow day

Godhand both latitud and pohuat already had price surges. So even if compared agaunst those 2, liihen is still lagging behind

What is the positive news surrounding the Qtr results?

No fuel

Quiet day for MjPerak today

Hevea already started to move....Liihen lagging behind

How much of shares does KYY still possess?

Why the sudden surge?

Solid red morubozu candle. Short term Bearish signal. I expect this to drop further tomorrow

cinapeh...wow can see you have high confidence in this counter

Wait for afternoon show, volume stronger than yesterday

You are back calvintaneng LOL

This is overbought based on RSI. Expect a pullback tomorrow

Strong close with volume returning....expecting an explosive day tomorrow. Cheers

Thanks cinapeh....you are not in Mjperak as well?

if we get a solid close today, we can expect the price to continue the uptrend potentially challenging the high from last month

cinapeh, can you tell us more about the new airport? Look at the volume and the bounce back in price!

Something big is coming. The key players are keeping a low profile following the big spike + UMA by Bursa last month. No smoke without fire....

0.42 now....who is the one who keeps selling?

Malaysia' furniture exports are expected to grow by 8% exceeding RM10bn this year, a stronger pace compared with 4.1% to RM9.5bn last year, thanks to the recent ban on rubberwood exports, according to Malaysian Furniture Council president Chua Chun Chai.

Based on the recent price surge, 0.44 seems to be the immediate resistance

Someone is selling at 0.445 to try to keep the price at that level

KYY selling again?

windcloud: SPA already signed in Q3 last year

HearBreakKid: I see where you are coming from. As you have noted, Hibiscus has cash and zero debt. They are solid in terms of financial standing. The acquisition for NS will be paid in stages: USD2.5m (upon signing of SPA), 12.5m (upon completion date), USD 5m (after 12 months), remaining USD 5m (after 24 months). Now taking into account the fact that all revenue from NS will be backdated starting from Jan 2017, this could easily be sufficient to finance the acquisition.

HeartBreakKid: buying back shares is definitely out of the picture at this juncture as they need the cash for acquisition and further expansion. Do note that Hibiscus can profit with oil resting at USD50, so potential upside from here with any increase in oil price. North Sabah EOR project has been canceled for good, not viable under the current situation. Petronas as the partner understands this as well and has agreed to not pursue this further (although the PSC still carries the EOR namesake). At present, cost of oil per barrel for NS is <USD20, so there is definitely value to those who can hold mid to long term IMO

HeartBreakKid: what makes you think the company will not perform well? FYI, the north sabah deal includes the rollover of staff from Shell so you can be assured that they will not only get additional 10k barrels of oil but also a strong team inherited from an established oil and gas player

Strong support at 0.48, looking to move higher from here

0.48 well absorbed

Shell is desperate to dispose off the asset hence will do everything to meet the conditions set by Petronas. Shell has a global divestment target they need to meet to raise sufficient cash following their merger with BG

this counter easily worth >0.5 with the North Sabah deal. Revenues from North Sabah will be backdated from Jan 2017 onwards.

Still waiting for this election stock to move

panic dumping by contra players

Counter related to Najib's son?

CIMB Group Holdings Bhd is looking at acquiring Jupiter Securities Sdn Bhd from Olympia Industries Bhd for more than RM50m as part of a larger corporate exercise to facilitate its joint venture with China Galaxy Securities Co Ltd. (Starbiz)

Someone is collecting huge lots of CIMB shares. Will break RM6 easily. Stay thne

The operatorship transfer is pending Petronas' approval. Nothing Hibiscus can do

CIMB Group Holding Bhd reversed the declining trend of its earnings in the last two years. The banking group achieved a record revenue of RM16.1bn in the financial year ended 31 Dec 2016 (FY16) and a growth of 25.1% in its net profi t to RM3.56bn from RM2.85bn in FY15.

what is taking petronas so long to grant the approval? no faith in their ability to operate?

So who is buying this is huge volumes? RM4.96 but ended up as the 3rd most active in Bursa....that's a lot of money

Something is brewing here...not often to see CIMB as one of the most active counters