HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

1.49

Today's Change

+0.02 (1.36%)

Day's Change

1.47 - 1.51

Trading Volume

28,231,300


62 people like this.

98,169 comment(s). Last comment by twynstar 20 minutes ago

Moneymore

460 posts

Posted by Moneymore > 4 days ago | Report Abuse

2.0 by Sept

Posted by KingKong_Doll > 2 days ago | Report Abuse

Aramco profit up 82%?? @_@
Hibiscus how many % especially with Repsol acquisition.

ks5S

3,638 posts

Posted by ks5S > 2 days ago | Report Abuse

Saudi Aramco profit up 81 %

apple168

5,947 posts

Posted by apple168 > 2 days ago | Report Abuse

Hibiscus is short9e since Fed chairman, Powel determined to flatten the inflation by raising interest rate, hence bringing down the commodity prices!

Moneymore

460 posts

Posted by Moneymore > 1 day ago | Report Abuse

This week last chance to buy below 1.40, mark my words

Nepo

2,277 posts

Posted by Nepo > 1 day ago | Report Abuse

Hi, any veterans here can explain the reasons when the price of WTI crude oil is higher than Brent crude oil?

Posted by bullmarket1628 > 1 day ago | Report Abuse

Walaoeh, What happened?
super damn hot man Hibiscs today !
Now Hibiscs already traded at => RM1.43 (+0.08) (+5.9 %) !

Heng ah, Ong ah, Huat ah !

birdparadise

1,234 posts

Posted by birdparadise > 1 day ago | Report Abuse

Hahahaha walao eh pagi sudah kasi liang liang, tengok pun syok syok nya, Wakaka.

Posted by BeeNeutral > 1 day ago | Report Abuse

Waiting for a meaningful breakout

Posted by KingKong_Doll > 1 day ago | Report Abuse

Ho seh Liao. Can wait for it to reach 1.80. it will be one of my best return of investment.

Posted by bullmarket1628 > 1 day ago | Report Abuse

I think now O & G counters start booming is because the election is coming soon, market has to be hot hot only people can vote them to Win...

For those party whom can make market spike up like as 1990-1997 crazy hot stock market period, I will vote he/she Win !

Heng ah, Ong ah, Huat ah !

kahhoeng

3,579 posts

Posted by kahhoeng > 1 day ago | Report Abuse

lets cross 1.50 today so I can start question when's my 1.70...

TehBeng

81 posts

Posted by TehBeng > 1 day ago | Report Abuse

1.50 possible ?

Posted by mokluhanj21 > 1 day ago | Report Abuse

People need to stop punting and start calculating the FCF from this company. When the market starts seeing this, even the analysts will be surprised.

Titanium

4,140 posts

Posted by Titanium > 1 day ago | Report Abuse

@TehBeng, Depends who you ask. If apple 168 or rr, they will tell you below RM 1 soon. If you ask the Dr. Kenneth, the CEO....he just close his mouth and Um chiew. He a'dy says, wait till end of the month. The results should be optimistic.
To me, they have perform well when price is at $70+. I can't see any reason how they can screw up when it is at 90+ 100+ & 110%.

Nepo

2,277 posts

Posted by Nepo > 1 day ago | Report Abuse

probably can get bonus shares 10:1

izoklse

4,721 posts

Posted by izoklse > 1 day ago | Report Abuse

Alhamdulillah. keep on going up Hibiscus until RM 2. This coming quarter result will be Amazing and super profit and revenue.

nono_hardi

219 posts

Posted by nono_hardi > 1 day ago | Report Abuse

open UP

birdparadise

1,234 posts

Posted by birdparadise > 1 day ago | Report Abuse

Hahahaha walao eh super super, panas nya, Wakaka.

billyrave

10 posts

Posted by billyrave > 1 day ago | Report Abuse

foreign funds are just starting to accumulate

nono_hardi

219 posts

Posted by nono_hardi > 1 day ago | Report Abuse

come come up up up sommore

nono_hardi

219 posts

Posted by nono_hardi > 1 day ago | Report Abuse

1 hr to go

hoot9eonly

548 posts

Posted by hoot9eonly > 1 day ago | Report Abuse

Nice spike today

hoot9eonly

548 posts

Posted by hoot9eonly > 1 day ago | Report Abuse

Best flower in Malaysia

VenFx

14,893 posts

Posted by VenFx > 1 day ago | Report Abuse

Nicely Bunga merah
I partially profit 2/5 of my position dulu.
Since , shortem break 1.45 , feel happy sudah.

The rest waiting above 1.65
WISH ME LUCK YAA

wait till my neck really tired

Posted by DatoChiakaLiau > 1 day ago | Report Abuse

QR expecting the expected in line with Global Oil companies massive profit. RM2.00 is minimum, last call to buy.

izoklse

4,721 posts

Posted by izoklse > 1 day ago | Report Abuse

Yes if believe so massive profit and huge revenue increase and this time respol will be included. Remember they not only have oil but also gas. So you can imagine. Possible higher share price and also generous dividend or bonus. Let see how far i can go.

myongcc5

684 posts

Posted by myongcc5 > 22 hours ago | Report Abuse

Hi Venfx,
Wish U the best.
Fyi, I locked in before end of last year, added in along the way. May keep till 2023 if crude above 80

Posted by bullmarket1628 > 21 hours ago | Report Abuse

Tommorrow Hibiscs will be opened at=>RM1.60 (+0.13)(+8.8 %)
and closed at=> RM1.80 (+0.33) (+22.4 %)

it will continue to spike up to RM2.00, RM3.00, RM5.00, RM7.00 and above ...
Then everyone only will get a big cake mah !

Heng ah, Ong ah, Huat ah !

DickyMe

11,888 posts

Posted by DickyMe > 20 hours ago | Report Abuse

BRENT CRUDE - $140 soon!

iPlay

1,488 posts

Posted by iPlay > 19 hours ago | Report Abuse

Brent $115 and going.....
Hibi QR will be superb.

VenFx

14,893 posts

Posted by VenFx > 19 hours ago | Report Abuse

myongcc5

Hi Venfx,
Wish U the best.
Fyi, I locked in before end of last year, added in along the way. May keep till 2023 if crude above 80

Me: Sounds good bro.I do hope bunga raya will hit all the way Up and trust its next qtr to be explosively, standby champagne to celebrate on 1.65 perhaps soonly

Posted by Proff P... > 16 hours ago | Report Abuse

Let keep upward momentum going. 116% profit so far since I bought HIBISCS around this time last year. Well Done HIBISCS team management.

Titanium

4,140 posts

Posted by Titanium > 11 hours ago | Report Abuse

Will today break 1.50??? hehehe.....
I think super inflation is coming. News reported in June, most food will raise by another 60%. Keeping my hibiscus to hedge against the inflation. Any other stock in mind that can hedge against inflation. I know many says plantation. I'm not familiar with plantation especially with the labor issue, fertiliser, logistic cost and lastly most of them in Indonesia and not sure is Malaysian company operate in Indonesia also subject to the no exporting.

zhangzuode

121 posts

Posted by zhangzuode > 9 hours ago | Report Abuse

Proff P, congratulation to you and the others who invested about same time should be reaping >100% return.
Question now, would it double again to 3 (2x1.5) within 12 months?

kahhoeng

3,579 posts

Posted by kahhoeng > 8 hours ago | Report Abuse

it's not yet crossing above 1.50, but can I start asking when's my 1.70?

Posted by mokluhanj21 > 7 hours ago | Report Abuse

@titanium yes conceptually plantation should be able to hedge against inflation. however, be cautious on each company's size of hedging of forward contracts (ie lock yesterday's price for tomorrow's selling price)
i got in one company for the macro but the mgmt screwed up by overhedging. in this buoyant market, naked price is syiok .

Titanium

4,140 posts

Posted by Titanium > 7 hours ago | Report Abuse

Good point. Never occur to me some company might have have already lock in their produce on a future contract. So, with current rise of CPO price, they won't be able to benefit much. But it goes both was as well. If the price tank, at least they have sold. Can't have best of both world.

myongcc5

684 posts

Posted by myongcc5 > 4 hours ago | Report Abuse

If not because of increased systematic risk like interest rate hike, inflation, currency exchange manipulation, equities mkt worldwide will not fall into the doldrum like now. Otherwise, Hibiscs shid be at least 2 by now. EPS fr coming qtr shid be at least 7 sens

zhangzuode

121 posts

Posted by zhangzuode > 3 hours ago | Report Abuse

myongcc5 - 7 sens, very bullish. This includes negative goodwill and the likes?

kahhoeng

3,579 posts

Posted by kahhoeng > 3 hours ago | Report Abuse

when's my 1.70? I'm so excited...

rr88

4,542 posts

Posted by rr88 > 3 hours ago | Report Abuse

TOPPISH. Its called a SLOW MOTION TOP. Slow motion uturn coming then downward acceleration. Make or lose or breakeven, get out! The earlier you escape, the better.

myongcc5

684 posts

Posted by myongcc5 > 2 hours ago | Report Abuse

Zhangzuode, All in. Not really bullish given the price of Brent n production from Repsol.

myongcc5

684 posts

Posted by myongcc5 > 2 hours ago | Report Abuse

Based on 2012m shares. 7 sens = 140m.

ks5S

3,638 posts

Posted by ks5S > 1 hour ago | Report Abuse

profit 150 MIL. dividend 3 sen

twynstar

258 posts

Posted by twynstar > 20 minutes ago | Report Abuse

When’s my RM 3.00 ??

Can hibiscus reach RM 3.00 within 12 months ??

According to latest Hong Leong Investment Bank research, published on 9th May 2022, for FY2023 ( July 2022 - June 2023), assumptions :

1) average realised crude oil price for FY2023 = USD 90/bbl
2) net production for FY2023 = 23,380 bbl/day
3) revenue RM 2628m, EBITDA RM 1565m, net profit RM 626m
4) cash RM 714m , debt = zero

If share price RM 3.00 , total share 2012m, market cap should be RM6,036m

How to evaluate hibiscus ?

1) Price to Earnings Ratio (PER) method
PER for FY2023 = market cap / net profit = 6036 / 626 = 9.64

2) EV / EBITDA method
EV = Enterprise Value = Market cap + Total debts - cash
EV / EBITDA = ( 6036 + 0 - 714 ) / 1565 = 3.4

3) EV/ 2P reserves method
EV = Enterprise Value = Market cap + Total debts - cash
USD to MYR conversion rate = RM 4.1
Latest 2P reserves = 77.3 million boe
EV = 6036 + 0 - 714 = RM 5,322m = USD 1,298m
EV/ 2P reserves = 1298 / 77.3 = USD 16.8/boe
If compared with EnQuest = USD 12/ boe.
Range of EV/ 2P reserves for other medium E&P companies in Norway and UK = USD 13.6-31.1/boe

Conclusion : If the local and foreign fund managers are willing to evaluate hibiscus at PER around 10, EV/EBITDA around 3, and EV/ 2P reserves around 17 , hibiscus has possibility to reach RM 3.00 in FY2023

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