Posted by KuChoy > 2021-05-06 16:14 | Report Abuse

Little KuChoy feels panic, why drop?

Posted by lawpc128 > 2021-05-06 16:20 | Report Abuse

Share will jump once Exxon Malaysia announce who will takeover their Malaysian assets. Hibiscus is one of the company .

Posted by micsoh > 2021-05-06 16:50 | Report Abuse

Little kuchoy, why panic, yesterday u said u gonna hold long right?

Posted by tingpangeng > 2021-05-07 07:39 | Report Abuse

it is set to acquire new producing assets amidst the exodus of foreign Production Sharing Contract (PSC) contractor from Malaysian oil and gas fields.

Posted by izoklse > 2021-05-07 07:46 | Report Abuse

Yes we are waiting for the acquisition of new producing assets.

Posted by izoklse > 2021-05-07 07:53 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/11/24/hibiscus-petroleum-on-acquisition-mode

Six month from the news which is by this month or next we should know already potential assets.

Posted by drobertp40 > 2021-05-07 07:56 | Report Abuse

This company always buying assets but share price cannot smell above rm1. Perhaps its about time it stop these expansions and use the profits to reward shareholders while it still can. I thought the future for non renewable energy is getting bleaker slowly but surely by the year and that explains why some of the super giants in the oil industry are selling their fields?

Posted by KuChoy > 2021-05-07 10:07 | Report Abuse

Little KuChoy said will hold long, but it doesn't mean little KuChoy can buy and close his eyes, pretending not seeing the price drop.

Posted by KuChoy > 2021-05-07 10:10 | Report Abuse

Anywhere, Go Go Go Hibiscs! Little KuChoy believes you will bloom one day!

Posted by Miz Raya Bloom > 2021-05-07 10:11 | Report Abuse

tp ku sentiasa 3 rengget
kikiki

Posted by Ismamiaku > 2021-05-07 12:57 | Report Abuse

3 lagi ..Byk MCO dah…Raya pun Tak yah dah..itu duit pun kosong ..Bunga Raya mason Tak Mau naik lagi..stuck bumbung 0.70 la..

Posted by AllYouCanBuy > 2021-05-07 17:15 | Report Abuse

SOLD. After having so much hope for the past 4 months, I decided to give up on this counter.

Please check out ASTINO... TP2. 40

Posted by izoklse > 2021-05-10 02:32 | Report Abuse

not sure whether Ransomware attack that forces shutdown of largest fuel pipeline in the U.S will effect oil price. Possible price to go up.

https://www.cnbc.com/2021/05/08/colonial-pipeline-shuts-pipeline-operations-after-cyberattack.html

Posted by Jjkcl > 2021-05-10 06:30 | Report Abuse

Uptrend

Posted by bullmarket1628 > 2021-05-10 07:19 | Report Abuse

OIL MARKET: The shutdown of America’s largest fuel pipeline after a cyberattack is threatening to send gasoline prices to the highest in seven years as suppliers work to stave off shortages from Atlanta to New York with tankers and barges | https://www.bloomberg.com/news/articles/2021-05-09/u-s-fuel-sellers-scramble-for-alternatives-to-hacked-pipeline?utm_source=twitter&utm_content=business&utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-twitter-business&sref=jWl1ohaY

Posted by KuChoy > 2021-05-10 11:20 | Report Abuse

Little KuChoy has confident on this counter, Go Go Go Hibiscs!

Posted by bullmarket1628 > 2021-05-10 14:52 |

Post removed.Why?

Posted by Jojobaa > 2021-05-10 15:11 | Report Abuse

I am jojobaa, the person who predicted that Armada will make a big time 4q profit in 2020. I was right.

Now I am here to also predict that Hibiscus will also make a big time quarterly profit for the ending march quarter to be reported in May.

Why? Very simple. If we want to simplify things we can reasonably expect Hibiscus to report a huge improvement over its 2Q2021 profit which was reported a week ago.

We first make an assumption that every quarter, all else equal, say Hibiscus makes 10 mil net profit, with 1 million barrels of oil sold. We also note the disclosure that the locked in oil price is circa USD40 which was agreed during Covid with Trafigura.

Now based on such assumptions, the full yearly profit of Hibiscus is very easily calculateable as follows:

3.2 million production per year

Oil price of A) 55 USD B) 62.5 USD C) 70USD

Based on 3.2 million production per year, and based on the USD oil price, Hibiscus's net profit is implied to be: 32 million PAT

Now we assume that Hibuscus sells the remaining 3.2 million at a range of USD55 to 70, which is the underlying oil price now. The incremental net profit shall be:

3.2 million x USD 15 (differential of oil price now and then)*0.615 (profit after tax rate)*4 (exchange rate) = RM118 million

and

3.2 million x USD 30*0.615 (profit after tax rate)*4 (exchange rate) = RM236 million

This brings a incremental net profit after tax of between RM118 million to RM236 million

To sum up, if you think Hibiscus can sell its 3.2 million barrels of oil at USD55 per barrel, a fair assumption is that Hibiscus's PAT shall be RM118 million + 32 million = RM150 million

If you think Hibiscus can sell its 3.2 million barrels of oil at USD70 per barrel, a fair assumption is that Hibiscus's PAT shall be RM236 million + RM32 million = RM278 million.

According to Hibiscus's latest quarterly report, the locked in oil price with Trafigura in Q2 has been fulfilled and one can assume that Hibiscus will lock in significantly higher price for its cargoes moving forward. Hibiscus should also be the stock which has the highest postive relation with oil prices moving on an uptrend.

Posted by bullmarket1628 > 2021-05-10 15:13 |

Post removed.Why?

Posted by LossAversion > 2021-05-10 15:27 | Report Abuse

Ini kali lah....tolong!

Posted by bullmarket1628 > 2021-05-10 17:00 | Report Abuse

Yes, Hibiscus closed at 0.685 +0.03 +4.6%

Posted by bullmarket1628 > 2021-05-10 17:00 | Report Abuse

Like that tommorrow onwards confirm O&G theme is coming and will spike up like mad already liao lah !
Huat ah, Heng ah, Ong ah !

Posted by sampooler > 2021-05-10 17:04 | Report Abuse

tmr sure above 0.7

Posted by Ismamiaku > 2021-05-10 18:54 | Report Abuse

I masih stuck kat 0.70 la..

Posted by mitchu > 2021-05-10 19:08 | Report Abuse

Racheal @ I can't locate it .could u plse give me agàin

Posted by DickyMe > 2021-05-10 19:40 | Report Abuse

“The Stone Age did not end for lack of stone, and the oil age will end long before the world runs out of oil.” - Zaki Yamani, former Saudi Oil Minister

Posted by tingpangeng > 2021-05-10 22:36 | Report Abuse

The technical chart is curving up , fly ! bunga Raya fly !

Posted by izoklse > 2021-05-10 23:42 | Report Abuse

la la la good job Hibiscus. Lovely flower. heheheh. aiyo hoping for possible new assets coming in la.

Posted by KuChoy > 2021-05-11 09:29 | Report Abuse

Go Go Go, time to top-up more!

Posted by Squirtle > 2021-05-11 14:47 | Report Abuse

In US recovery stock is already cmg
114 m is vaccine liao

Posted by micsoh > 2021-05-11 14:53 | Report Abuse

Yesterday profit wipe off immediately, what the f*

Posted by KenichiLee > 2021-05-11 17:02 | Report Abuse

holland lioa.
I bought it at 0.69 yesterday

T.T

Posted by micsoh > 2021-05-11 17:59 | Report Abuse

For this two week , it's all back to square one, waste all our times.

Posted by DickyMe > 2021-05-11 23:14 |

Post removed.Why?

Posted by KuChoy > 2021-05-12 09:14 | Report Abuse

Go Go Go, Hibiscs!

Posted by SBHeng > 2021-05-12 13:44 | Report Abuse

Selamat Hari Raya Aidilfitri

Posted by DickyMe > 2021-05-12 16:11 |

Post removed.Why?

Posted by kokchengkai > 2021-05-12 17:53 | Report Abuse

At least 35 killed in Gaza as Israel ramps up airstrikes in response to rocket attacks

Baiden party like create war especially in Persian gulf... unstable statuts wil make oil price climb high

Posted by kokchengkai > 2021-05-12 22:56 | Report Abuse

Boom here n there in persian gulf .. biden party happy to see it.. so oil price wil stable above usd 65 .
Hibiscus said above Usd60 oledi guarantee profit multi million

Posted by KenichiLee > 2021-05-13 16:20 | Report Abuse

Oil price holland d.

bye

Posted by MF0001 > 2021-05-13 16:22 | Report Abuse

US OIL GAME BY HACKERS

SUPPLY MATCHING DEMAND

DOWN LARH

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDD

Posted by MF0001 > 2021-05-13 16:23 | Report Abuse

ASK THOSE BALLS BIG BIG

DARE WRITE TO BUY

TO GIVE U LETTER OF INDEMNATION MARH

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

Posted by MF0001 > 2021-05-13 16:23 | Report Abuse

MAYBE WHEN REACH 0.50CTS RANGE

PEOPLE COME BAK TO REALITY

ITS OK

MARKET OWAIS LAIKE DAT

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

Posted by KenichiLee > 2021-05-14 11:01 | Report Abuse

Sian. Monday sure gap down d.

Posted by Sonyukawa > 2021-05-14 12:59 | Report Abuse

When oil price is down, the "Walaoeh..." msg just totally silent.... :)

Posted by avocado123 > 2021-05-17 09:36 | Report Abuse

quarter report is coming, definitely will hit 7.3 soon.. buckle up

Posted by KuChoy > 2021-05-17 10:03 | Report Abuse

Little KuChoy is calm and steady. Go Go Go Hibiscus!

Posted by LCLY > 2021-05-17 10:18 | Report Abuse

Today will close above 0.70

Posted by KenichiLee > 2021-05-17 23:18 | Report Abuse

bought it at 0.69 last week.
now crying looking at my paper loss

Posted by Raymondlol > 2021-05-18 00:36 | Report Abuse

same, i stay0.69vr long liao