Posted by kahhoeng > 2021-06-14 10:54 | Report Abuse

fainted, brent at 73 and hibiscus can't even break 0.73???

Posted by Jabami > 2021-06-14 15:42 | Report Abuse

something nice is brewing. RM0.85 or higher soon!

Posted by kahhoeng > 2021-06-14 15:47 | Report Abuse

what brewing? brent crude already more than 73!

Posted by bullmarket1628 > 2021-06-14 15:56 |

Post removed.Why?

Posted by bullmarket1628 > 2021-06-14 16:38 |

Post removed.Why?

Posted by wallstreetrookie > 2021-06-14 17:26 | Report Abuse

@pang72 must've 'huat' where is he now

Posted by moneypedia > 2021-06-14 17:54 | Report Abuse

aiyah manyak meliah ah ini timpat apa cita

Posted by brian3381 > 2021-06-14 18:04 | Report Abuse

Selldon soon...

Posted by keown83 > 2021-06-14 21:01 | Report Abuse

its oil & steel sentiment this time around..happy riding guys

Posted by Tang Khangseng > 2021-06-14 21:02 | Report Abuse

Thanks Bilis and Jojobaa for trying to explain the deferred tax liabilities.
I tried to understand the term from investopedia, below is the explanation:

What is a deferred tax liability?
Deferred tax liability represents taxes that must be paid at a future date. For instance, if a company realized a taxable expense within a current period but hasn’t paid taxes on them, they are obligated to pay this tax expense at a later period. Deferred tax liabilities are often the result of companies operating two different sets of books, one for financial purposes and the other for tax purposes. Typically, rules that dictate the depreciation of assets, valuing inventories, or recognizing revenues often differ between these two books.

What is an example of a deferred tax liability?
The depreciation of fixed assets is a common example that leads to a deferred tax liability. Usually, a company will report depreciation in their financial statements with a straight-line depreciation method. Essentially, this evenly depreciates the asset over time. By contrast, for tax purposes, the company will use an accelerated depreciation approach. Using this method, the asset depreciates at a greater rate in its early years. A company may record a straight-line depreciation of $100 in its financial statements versus an accelerated depreciation of $200 in its tax books. In turn, the deferred tax liability would equal $100 multiplied by the tax rate of the company.

How is deferred tax liability calculated?
One other example of deferred tax liability is in how revenue is recognized. Consider a company that sold a $1,000 piece of furniture with a 20% tax rate, which is paid for in monthly installments by the customer. The customer will pay this over two years ($500 + $500). For financial purposes, the company will record a sale of $1,000. Meanwhile, for tax purposes, they will record it as $500. As a result, the deferred tax liability would be $500 x 20% = $100.

Looking at above explanation, I think Hibiscus will still need to pay the "underpaid tax" in the near future, this would be the item which I need to monitor closely moving forward. Perhaps I will also ask CY during the next AGM :-) cheers and happy investing~

Posted by keown83 > 2021-06-14 22:09 | Report Abuse

lets just forget about this hibiscus's ability to pay the bill on repsol aquisition temporary & ride the sentiment while it last 1st, shall we? brent oil has been on rally mode & still climbing..im already collected this counter at RM0.67..i choose to stick with BIMB TP which is RM1.20 but at the same time setup my trailing stop..lets ride this 1st until it reached its intended destination then we discuss again about the repsol thingy OK guys..happy riding!

Posted by Godofgambler > 2021-06-14 23:23 | Report Abuse

You guys doing scientific research or what?
As long repsol is making money then is good assets. Story finishes.
They calculate more than you before they decide to purchase.
So save your breathe guys...
Just sit and enjoy the rockets fly.

Posted by s3phiroth > 2021-06-14 23:35 | Report Abuse

all i care is hibiscus will at least double its production next years hence at least double its net profit.

usd1000 oil price is just a bonus.

Posted by s3phiroth > 2021-06-14 23:35 | Report Abuse

ops typo. i meant usd100

Posted by lloydlim > 2021-06-15 00:44 | Report Abuse

Time for empire strikes back!

Posted by wallstreetrookie > 2021-06-15 06:09 | Report Abuse

Oil traders bid up the price to hit 100$

Posted by micsoh > 2021-06-15 09:51 | Report Abuse

I have to wait until shark collect enough than only can rise

Posted by Gain83 > 2021-06-15 14:11 | Report Abuse

Now hibiscus are very stable, just collect don't wait, price will keep moving up, no more below 70c

Posted by stockinvestorbest > 2021-06-15 20:34 | Report Abuse

hibiscs ANALYSIS

https://www.youtube.com/watch?v=KGwYvgREYYQ

Posted by DickyMe > 2021-06-15 20:42 | Report Abuse

https://www.msn.com/en-my/money/markets/hydrogen-planes-electric-propulsion-and-new-regulations-aviation-is-changing/ar-AAL3Ar8?ocid=mailsignout&li=BBr8Hnu

The end of fossil fuel is rapidly approaching.

Posted by Jabami > 2021-06-15 20:50 | Report Abuse

Brent crude at USD73.61 +0.75 +1.03% nice! 80 dollars incoming. First tp, to break 0.76c

Posted by Godofgambler > 2021-06-15 21:17 | Report Abuse

https://www.reuters.com/business/energy/oil-holds-near-multi-year-highs-amid-demand-recovery-2021-06-14/

Posted by kahhoeng > 2021-06-15 21:42 | Report Abuse

Truth is, how on earth can there be an end to fossil when 95% vehicles produced burn fossil fuel???

Posted by DickyMe > 2021-06-15 21:46 | Report Abuse

Read and understand the technology.

Posted by kakiminyak > 2021-06-15 22:08 | Report Abuse

Electricity generation in Malaysia uses large amounts of natural gas and diesel. Hibiscus new assets from Repsol deal involves crude oil and natural gas. Hibiscus is moving in the right direction. They are capable of supplying energy for both oil burning (conventional) engines as well as electric cars. There is nothing to worry about.

Posted by kahhoeng > 2021-06-15 23:24 | Report Abuse

dickeyme, you must be joking! Go and trace demand for crude oil for the past 50 years... Even if hydrogen fuel cell were to be a success, you would still need HYDROGEN, and where is it going to come from? Electrolysis using what electric energy? Or natural gas, CH4?

Posted by Jabami > 2021-06-15 23:25 | Report Abuse

End of fossil fuel? You asking M40 and B40 in malaysia who spend almost 5-7 years paying the loan then go for another new loan after that, because the technology is coming? go try it!

Posted by keown83 > 2021-06-16 00:42 | Report Abuse

just ride the wave while its still there, OK..no need to speculate what will happen in the future..so many people talked & predict doom for coal power plant, yet in these 21st century, coal power plant is still the mainstay of power generator for many countries of the world..so stop predicting something that still in the mist..green tech is still in a aggresive hype mode though its interesting & have future on it..but please becareful with it or better treat it like previous dot com bubble market..i do believe there will still a winners from among of those players on hype today in the end while others will suffered a great drop once the bubble burst..oil on the other hand have too many giant player with enormous influence of political power in their hand while green tech is only backed by tech junkies which did not have any influence or some sort of political power related globally

Posted by keown83 > 2021-06-16 00:56 | Report Abuse

@kahhoeng ignore him..he's just some troll..he made some noise in Serba Dinamik also..nothing constructive came out of him anyway, only trolling doomsday for stock

Posted by derrtan > 2021-06-16 05:01 | Report Abuse

Crude oil raise 2%

Posted by Dangel > 2021-06-16 08:47 | Report Abuse

Time to back to glory!

Posted by ojibala > 2021-06-16 09:16 | Report Abuse

Technically crude oil is very bullish

https://www.econotimes.com/FxWirePro-WTI-flashes-bullish-signs-monthly-close-above-200-SMA-to-open-upside-1610843

Posted by bullmarket1628 > 2021-06-16 10:12 |

Post removed.Why?

Posted by micsoh > 2021-06-16 12:31 | Report Abuse

Walao, up 10sen already

Posted by Jojobaa > 2021-06-16 13:49 | Report Abuse

Just want to point out that with Repsol assets, the production of Hibiscus will hit 10 million barrels a year.

A USD1 increase in average sale price of its 10 million barrels, equals incrementally USD10 million EBITDA and PAT of approximately 6.2 million USD, equal to approximately RM25 million increase in profit.

Posted by wallstreetrookie > 2021-06-16 14:39 | Report Abuse

Oil about to hit 100$. No further research required.

Posted by wallstreetrookie > 2021-06-16 14:40 | Report Abuse

Unusual call option volume on WTI crude as well throughout the week. 100$ is imminent, according to latest intel

Posted by wallstreetrookie > 2021-06-16 14:41 | Report Abuse

Check out Ovintiv. One of my biggest US position.

Hibiscus will follow since both are oil exploration.

Hibiscus (KLSE: 5199) Remain OVERWEIGHT: Price target RM1.2

Posted by wallstreetrookie > 2021-06-16 14:43 | Report Abuse

Oil companies usually perform well near the end of the commodity bull run.

Posted by johnnygoodnews > 2021-06-16 14:45 | Report Abuse

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are up nearly 2% late Tuesday as the markets tested more than two year highs, boosted by expectations demand will recover rapidly in the second half of 2021.

Traders now await the release of the American Petroleum Institute’s (API) weekly inventories report at 20:30 GMT. Analysts polled by Reuters expect U.S. crude stocks to have fallen for a fourth week in a row, dropping by about 3 million barrels last week. The U.S. government will release its official supply data at 14:30 GMT on Wednesday.

At 19:12 GMT, September WTI crude oil is trading $71.23, up $1.23 or +1.76% and September Brent crude oil is at $73.43, up $1.14 or +1.58%.

Bullish Chatter Providing Support
“With supply growth lagging demand growth in the near term, faster falling oil inventories are supporting oil prices,” UBS analyst Giovanni Staunovo said.

The head of trading house Vitol sees oil prices moving between $70-$80 a barrel this year as the Organization of the Petroleum Exporting Countries and allied producers (OPEC+) are predicted to maintain supply discipline.

“We have had those stock draws for a couple months, the market is heading in the right direction,” Russell Hardy told the FT Commodities Global Summit.

Trafigura Chief Executive Jeremy Weir told the same event there was a good chance prices could reach $100 a barrel because of falling reserves before the world reaches peak oil demand.

Finally, “The decision by OPEC+ to be overly cautious in returning supply to the market, whether this is true caution or they are intentionally stoking oil prices higher, has been a main tenant in seeing $73 per barrel Brent,” said Louise Dickson, oil markets analyst at Rystad Energy.

Short-Term Outlook
The gasoline inventory number will be the focus in today’s API report and tomorrow’s Energy Information Administration (EIA). Traders have been waiting since the start of the U.S. driving season on May 31 for a bullish number.

Last week, the API reported a build in gasoline inventories of 2.405 million barrels for the week ending June 4 – on top of the previous week’s 2.51-million-barrel build. Analysts had expected a much smaller build of 698,000-barrel for the week.

Additionally, according to EIA, the growth in fuel inventories indicates weak U.S. driving season fuel demand. Fuel stocks were up sharply, with product supplied falling to 17.7 million barrels per day versus 19.1 million the week before. Implied gasoline demand fell to 8.48 million bpd in the week to June 4, down from 9.15 million bpd from the week before, but up from 7.9 million bpd a year ago, EIA data showed.

Crude oil prices could spike sharply higher late in the session on Tuesday if the API gasoline inventory numbers are bullish.

Posted by wallstreetrookie > 2021-06-16 14:50 | Report Abuse

Good news for oil coming soon.

Posted by johnnygoodnews > 2021-06-16 15:11 | Report Abuse

Load b4 Hibiscus shoot up....Target price $1.2 if oil reach USD80+

Posted by derrtan > 2021-06-16 15:30 | Report Abuse

haha cannot sustain gain one.

Posted by kahhoeng > 2021-06-16 15:50 | Report Abuse

sigh, with brent above 74 and I thought it's time hibiscus seeing 0.80... Guess it's only a dream

Posted by johnnygoodnews > 2021-06-16 16:23 | Report Abuse

Derrtan... Friday Limit Up...

Posted by micsoh > 2021-06-16 16:41 | Report Abuse

I just hope it at least can maintain to 75sen, but....what the shit...

Posted by ojibala > 2021-06-16 21:10 | Report Abuse

Closed with a doji and relatively low volume. Operator not interested in selling. Higher soon?

Posted by Godofgambler > 2021-06-17 08:42 | Report Abuse

Tp1.50 is my vision.
You know why?
1.50 is actually Hibiscus true share value..

Posted by Godofgambler > 2021-06-17 08:44 | Report Abuse

With Repsol in hands..
The real TP is Rm1.90

Posted by johnnygoodnews > 2021-06-17 09:54 | Report Abuse

NEW YORK: Oil prices rose for a fifth day on Wednesday, closing in on US$75 a barrel as U.S. refiners drew more crude inventories to ramp up activity and meet recovering demand.

Crude inventories fell by 7.4 million barrels in the week to June 11, the U.S. Energy Information Administration said, as refining utilization rose to 92.6%, highest since January 2020, before the pandemic hit.

The inventory draw was stronger than expected, driven as well by exports in another signal of improving demand worldwide.

Brent crude gained 40 cents, or 0.5%, to hit US$74.39 a barrel, reaching its highest since April 2019, and running its gains to five straight days. U.S. crude rose 3 cents to $72.15, after reaching $72.99, highest since October 2018.

"With refinery runs over 16 million barrels per day and exports continuing to be robust, it is going to be difficult for inventories to avoid consistent draws as we push on to the peak of summer driving season," said Matthew Smith, director of Commodity research at ClipperData.

Brent has risen 44% this year, supported by supply cuts led by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, and the recovery in demand. OPEC+ has reduced last year's historic supply cuts, but it is still withholding millions of barrels of daily supply from the market.

Executives from major oil traders said on Tuesday they expected prices to remain above $70 and demand to return to pre-pandemic levels in the second half of 2022.

On Wednesday, the U.S. Federal Reserve also brought forward its projections for the first post-pandemic interest rate hikes into 2023.

"The oil complex digested the Fed news quite well in suggesting that some more crude price highs likely lie ahead," said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois.

At the same time, the prospect of an imminent rise in Iranian oil exports looks less likely, analysts said. Indirect talks between Tehran and Washington on resuming the 2015 nuclear accord resumed in Vienna on Saturday.