Icon, hibicus with the expected higher yield bbl and selling price (Sabah enjoy a little premium price than brent oil price due to good quality oil; and better brent oil price agaist last qtr usd 65 avg), both this strong elements expected to boost earning. Just little unknown thing is how management to manipulate the accounting rules.
Tis intangible assets is actually cost of oil plant n equipment transfer to d states in exchange for d rights to extract oil Can b recovered as part of cost recovery under cost recovery
The TP are only applicable if crude oil remains above USD60 in the next half year.
Else the IB and analyst will always do re-rating, downgrade. I personally don't like them as they don't have a "backbone". They can't give a TP that is for 10 years without changing any variables in between that period.
ICON8888, your introduction, it should be FY2018 and not FY2019.
As shown by the 3 analysts, FY2019 would be very good as it will be a full year with both Anasuria and North Sabah productions together, rather, than now 9 months only Anasuria plus final 4th quarter 2018 that will include both Anasuria and North Sabah.
Need to monitor Sarawak's lead over the O&G state administration right development that likely to have a spill over effect to Sabah. Since , hibiscus's has its PSC in North Sabah.
This is just estimates provided when the crude oil trades above USD65 per barrel or when this number was computed. Let's see the numbers and comment again.
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Posted by Tee Tom > 2018-06-19 13:16 | Report Abuse
Icon, hibicus with the expected higher yield bbl and selling price (Sabah enjoy a little premium price than brent oil price due to good quality oil; and better brent oil price agaist last qtr usd 65 avg), both this strong elements expected to boost earning. Just little unknown thing is how management to manipulate the accounting rules.