Analysts have cut Hibiscus Petroleum Bhd's earnings forecasts after its second quarter (2Q) net profit missed expectations.Public Invest Research’s Nurzulaikha Azali said in a note today, Hibiscus Petroleum's 2Q results make up only 26.4% of her full-year expectations and 55% of consensus.
AmInvestment Bank Research analyst Alex Goh also said in a note today, he has reduced Hibiscus Petroleum's FY21 to FY22 forecast earnings by 7% due to higher non-cash amortization and decommissioning assumptions for the group’s 50%-owned Anasuria concession
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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR "THE COMPANY") ALLOTMENT AND ISSUANCE OF UP TO 2,000,000,000 NEW ISLAMIC CONVERTIBLE REDEEMABLE PREFERENCE SHARES BY WAY OF PRIVATE PLACEMENT EXERCISE TO RAISE UP TO RM2.00 BILLION ("PRIVATE PLACEMENT OF CRPS")
On behalf of Hibiscus Petroleum, HLIB and CIMB wish to announce that the Company had on 22 February 2021 sought the approval from Bursa Securities for an extension of time of six months from 22 March 2021 until 21 September 2021 for the Company to complete the implementation of the Private Placement of CRPS.
Delay in implementation of the Private Placement of CRPS is good news. Better to issue CRPS at higher price so there will be less dilution. If the price rise to $1.00 and they issue CRPS at that price there will be shares issued on par to fund raising exercise. That is going to be very good. With crude prices rising, I believe that can be achieved in March or April. Timing looks good. This request for extension to issue CRPS between March 22 - Sept 21 is a well calculated move by management. Saya tabek sama dia orang duduk kerusi tinggi tu.
Ice hockey legend Wayne Gretzky famous quote: I skate to where the puck (bola hockey) is going to be, not to where it has been. A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.
Just use common sense can know buy what stock already ma, why think so hard guys... Last year gloves average selling price shoot up, that's why gloves counter hoot99... This year what asp shoot? Steel, copper, oil ma.... What commodity shoot up then buy what stock la, will wrong mei?
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Airasia 股价已飞天,大家都认为飞机会飞越来越多,继续燃烧飞机油,油耗增加,油价会继续上涨,你们还等什么?