KUALA LUMPUR (Bernama) - AirAsia Group Bhd, Eco World Development Group Bhd, Hibiscus Petroleum Bhd and KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust-stapled securities have been added to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index.
In a statement today, Bursa Malaysia said the F4GBM Index measured the performance of public-listed companies demonstrating strong environmental, social and governance (ESG) practices and was launched in December 2014 with a total of 24 constituents.
It said besides the four additions, there were two deletions from the index constituents namely Bumi Armada Bhd and Sunway Construction Group Bhd, bringing the total number of constituents to 75 as at the latest review period of December 2020.
"All constituent changes take effect at the start of business on Monday, Dec 21, 2020,” it added.
Of course crps will have the effect, but I don't think its that significant, 300m issue if deduct boss 33m, roughly around 270m,. Just these few weeks u add the transact amount, assume all 270m sell, I think finished already.
Hibiscus is the cheapest oil producer. When CRPS converted shares are dealt with it can easily hit 0.70 and more. With Brent crude at $51 it can easily move beyond 0.70
Everyday always someone here or there repeating the same quote, Oil up and Hibiscus will fly to sky but...in fact it is still sleeping.. When ppl saying Oil down, it will be the first going down... Hahahahaha how ironic!
I think Hibi is not alone. All O&G counters are alike. The heat is not on yet due to 2 main factors. The Covid-19 cases are not going down. The boarders aren't open.
So, my prediction is another 3 to 6 months before O&G gets alive and kicking.
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Posted by KAQ4468 > 2020-12-15 14:04 | Report Abuse
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