HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

2.61

Today's Change

-0.02 (0.76%)

Day's Change

2.58 - 2.67

Trading Volume

1,589,600


67 people like this.

104,418 comment(s). Last comment by Apple4Oranges 1 day ago

Posted by Apple4Oranges > 1 month ago | Report Abuse

Top glove's NOSH is much more higher than Hibiscus. That's why it's easy to short Top glove than Hibiscus

Posted by Apple4Oranges > 1 month ago | Report Abuse

Slowly going up. You short, you bleed 😁

Posted by Six6thsense > 1 month ago | Report Abuse

Wash clean clean

Phoebe

395 posts

Posted by Phoebe > 1 month ago | Report Abuse

Lol....i'm also 99% right the dog will bark when the sun sets.

twynstar

354 posts

Posted by twynstar > 1 month ago | Report Abuse

According to Investor Presentation January 2024, Page 12,

EPF already bought 3.2% Hibiscus shares ( As of 31/12/2023)

Hopefully more to come.


https://www.hibiscuspetroleum.com/

DonAzoff

22 posts

Posted by DonAzoff > 1 month ago | Report Abuse

@James_Porn how now? Pls come bark here every once a week. Push the price higher.

rainman777

784 posts

Posted by rainman777 > 1 month ago | Report Abuse

Hahahaha orang bising bising ,talked one,talked two, hahahaha diam diam cari makan, Wakaka

Posted by NinjaInPyjamas > 1 month ago | Report Abuse

To EPF is such a small amount only, only using RM52 million( assume average price: rm2.60) to buy since 29 Sept 2023. But definitely looking at the coming years increasing output and dividends.

Posted by Apple4Oranges > 1 month ago | Report Abuse

Oil demand to continue to set records in 2024
https://www.hellenicshippingnews.com/oil-demand-to-continue-to-set-records-in-2024/

James_Bond

2,246 posts

Posted by James_Bond > 1 month ago | Report Abuse

Recession around the corner, dude! Are you dumb or blind? No wonder keep on losing money!

Phoebe

395 posts

Posted by Phoebe > 1 month ago | Report Abuse

Lol...so fast my prediction come right. @^_^@

Posted by Apple4Oranges > 1 month ago | Report Abuse

Shares buyback again from Hibiscus. Still thinking to short this counter?

wattsy

21 posts

Posted by wattsy > 1 month ago | Report Abuse

EPF bought 3.2% last year and hibiscus also mopped up shares last year under their previous SBB mandate and are now buying more this year as the price is stil too low.. So with another 13% locked up of which at least 10% of hibiscus shares are removed or distributed back tk shareholders.. Coupled with so much insane geopolitical tension at present.. Is this not a wonderful long term investment???

James_Bond

2,246 posts

Posted by James_Bond > 1 month ago | Report Abuse

Are you nuts to long cyclical O&G business??? No wonder you keep on losing money…

wattsy

21 posts

Posted by wattsy > 1 month ago | Report Abuse

Very funny that.. I have been making money, that's the whole point! Ur no crystal ball gazer bondy.. If urve nothing constructive to say, just wanna fear monger, put others down, and bask in ur own vain fake prowess, go somewhere else.. keep talking into that mirror

Posted by Six6thsense > 1 month ago | Report Abuse

PE = 1/2 kx2 First law

UncleFollower

1,031 posts

Posted by UncleFollower > 1 month ago | Report Abuse

CEO achieved what they want. No more volatility...no more hibiscus to trade, now catered for warren buffett investors, own forever, byebye Hibi

Posted by Apple4Oranges > 1 month ago | Report Abuse

Shorties scare to short Hibiscus one because its NOSH isn't as much as TG 😁

cindywang

35 posts

Posted by cindywang > 1 month ago | Report Abuse

israel palestine war

cindywang

35 posts

Posted by cindywang > 1 month ago | Report Abuse

middle east bom area

cindywang

35 posts

Posted by cindywang > 1 month ago | Report Abuse

hope missile don't fly wrong to bomb storage oil

Posted by Apple4Oranges > 1 month ago | Report Abuse

Red sea also got conflict. WW III is about to break out? 🤕

Posted by NinjaInPyjamas > 3 weeks ago | Report Abuse

Red sea tension was always there. The premium is already priced in. Forecast oil shd be in range of USD75-85 this year. Hope hibiscus can smoothly execute their production increase to 35k barrels as soon,.

tpee1999

31 posts

Posted by tpee1999 > 3 weeks ago | Report Abuse

just bought a few units only

wattsy

21 posts

Posted by wattsy > 3 weeks ago | Report Abuse

Yep, bargain now. What happens when hibiscus cash in hand is more than its market cap?! Another year and we’ll be there

kl_guy

1,386 posts

Posted by kl_guy > 3 weeks ago | Report Abuse

brent going for usd 88-89 level . macd look positive

James_Bond

2,246 posts

Posted by James_Bond > 2 weeks ago | Report Abuse

Brent oil crashing to UsD 77! Good Luck!

kahhoeng

3,879 posts

Posted by kahhoeng > 2 weeks ago | Report Abuse

fainted, brent above 81 and hibiscus still 2.54-2.55, proxy to oil price???

witan

757 posts

Posted by witan > 1 week ago | Report Abuse

This counter habis lah. When oil price spike up - share price didnt move at all but when oil price went down - share price went down. mana boleh :(

3lephAnt

44 posts

Posted by 3lephAnt > 1 week ago | Report Abuse

SBB so far has been half-hearted

witan

757 posts

Posted by witan > 1 week ago | Report Abuse

Not sure whose is the officer in Hibiscus who do the SBB?

16-Jan-2024 Buyback 300,000 2.650
05-Jan-2024 Buyback 153,900 2.500

Very inconsistent. Like they dont know what they are doing :(

Posted by Six6thsense > 1 week ago | Report Abuse

Sabar. Nothing goes wrong.

Posted by NinjaInPyjamas > 6 days ago | Report Abuse

Fundamentals extremely solid, while bringing in a lot ca$$$$h. Hope it doesn't spike too fast. Collect patiently guys

kahhoeng

3,879 posts

Posted by kahhoeng > 5 days ago | Report Abuse

brent up, armada up 2.7% and.... hibiscus nothing???

wattsy

21 posts

Posted by wattsy > 5 days ago | Report Abuse

Wow RM102 million profit on depressed oil prices…

NESARAJAH1

391 posts

Posted by NESARAJAH1 > 5 days ago | Report Abuse

Wow. Good Quarter

maps

162 posts

Posted by maps > 5 days ago | Report Abuse

why no limit up

SincereStock

1,935 posts

Posted by SincereStock > 5 days ago | Report Abuse

good QR? isn't it worse than previous QR while oil price is better during sep to dec (current QR) than june to sep (previous QR)?

someone please correct me if I am wrong

Eric Lim

505 posts

Posted by Eric Lim > 5 days ago | Report Abuse

yes, you are right, faster sell, i want to collect cheap ticket

SincereStock

1,935 posts

Posted by SincereStock > 5 days ago | Report Abuse

@Eric Lim I don't have ticket how to sell lol I am serious with my question doing study here

kahhoeng

3,879 posts

Posted by kahhoeng > 5 days ago | Report Abuse

And I thought Hibiscus would easily cross 3.00 by now and gradually climb towards 3.50, sigh!

SincereStock

1,935 posts

Posted by SincereStock > 5 days ago | Report Abuse

I am a little confused here

first of all I am not an investor or follower of this counter. I had a glance over this counter this 3 months ago during it's previous QR announcement, at that time, I overlooked this counter for not realising there are share consolidation 1 month before the QR announcement, due to that at that time I am misjudging the counter to be overvalued (misjudging it's price at 2.5x higher value). it should have been a fairly good QR otherwise. but then price dropped from 2.6 to 2.3 since there.

today it's price back to 2.6 price level, this afternoon, by reading it's just announced QR I just realise the share consolidation taken place due to it's adjusted NTA. considering to buy some this time, but then also realising it's QR is actually not as good as the previous one at the similar price level. so I hesitated and didn't make any move

SincereStock

1,935 posts

Posted by SincereStock > 5 days ago | Report Abuse

hope someone can kindly give me some good insights for enlightment here~ thank you

SincereStock

1,935 posts

Posted by SincereStock > 5 days ago | Report Abuse

by the way, I also realise that half it's NTA is made up by intangible assets

Posted by Six6thsense > 5 days ago | Report Abuse

Boring. Continue to hold and go sleep for another 3 months

kahhoeng

3,879 posts

Posted by kahhoeng > 5 days ago | Report Abuse

Hibiscus market cap is currently valued at 2.13 billion. It's reporting a net profit of 256 million in the first 6 months of FY24, generating a healthy operating cash flow of 560 million. At current crude oil and natural gas prices, it's looking to make at least 450 million FY24, i.e., Hibiscus is trading at 4.7 PE. Even though they are of different sectors within the oil and gas sector, just compare its earning, market cap with Hengyuan, Petron, and PetDag.

wattsy

21 posts

Posted by wattsy > 5 days ago | Report Abuse

Not forgetting the RM892 million they have in the bank as unrestricted cash.. Yes this quarter was down which was expected as oil prices retreated alot however they still made RM100million + on increased production of 22 million barrels oil equivalent a day. The present quarter will also be excellent - 120mill+ I beleive. Share buy back is Progresso g although still not as agrees ive as they could/should be. The have also covered significant capital works during the quarter with the drilling of a number of wells wjichbhave increased production in Sabah and are not yet completed. Oils set to increase again on supply concerns and the outlook for Hibby is excellent..

Posted by NinjaInPyjamas > 4 days ago | Report Abuse

Ignore oilprice. Focus on production and cashflow. High interest rates and lower end oil price is good for supply. Pray for a mild recession would be a bonus!

Posted by Apple4Oranges > 1 day ago | Report Abuse

Oil price has been sustaining at US 78 - 80 per barrel there and it is quite stable

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