"Oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.
Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75.30 a barrel, the strongest since April 25, 2019."
I am holding. Dip below .7 is an opportunity to add.
Dont know woo. At this moment everything depend on supply and demand. What worried everyone now is how many Iran supply will flooded the oil market due to US decision to lift Iran oil sanctions. At this moment everybody in oil industries are observing this as it will determine the next push for oil price.
neither hot nor cold? It's very cold lah, the last time crude above 75 years back, hibiscus is above 1. The most recent when crude above 70, hibiscus is at 0,745. Now, with super Mario deal and crude above 75, hibiscus is like a patient awaiting viagra...
Not big find interest in its share, very hard to rise.if you read the analysis regarding oil, mostly recommended are armada, yinson alike, this share soldom mention.
What is wrong with high retail ownership? US and European blue chip companies are held primarily by retail and hedge funds. Is this a Bursa culture to hate on retail investors? Or is it an inversion narrative perpetuated by local investment banks?
Hibiscus is fine. Oil is not going anywhere in this market environment. The catalyst is not over. Bears are getting vocal because KLSE is not looking great which is normal. KLSE has never been a favourite among foreign investors anywhere. Personally I love investing in Malaysia as an emerging market. However, most funds foreign or local hate KLSE so you will see a surge in short term trading
Whr is the long story maker so far? Brent now 75 woi, talk til this hidden gem got dragon got tiger! I know what u would say: hold for long term right? But how long? Pls ask those who hold for 4-5 years kaki here,and u’ll know…. But do congratulate those who newly enter by last year whn whole market crash… but that time there are many 5-6 times stock compare with this 2-3 times so call GOOD FUNDAMENTAL…. Hold it tightly rm3 coming soooooooooon …… 5years? 10years? Wake up la Fundamental siao….. u thought this is US Market? Halo this is Bursa …. Don’t promote potatoes while many of them are used to eat rice!!!
That y i always play short term lo ..i sell when go higher , collect when go lower..tomorrow shld be able to collect lower again....i am parking lower to collect at dayang, deleum, armada, hibiscus..
Hibiscus management predicts oil price will be around USD 50-60 per barrel in 2021 to 2024, oil price will only rebound more than USD 60+ after 2024. Good Luck.
Tomorrow is Inflation data. And soon PPI data followed by BNM interest rate decision. If you have no idea of the economic calendar, don't try to cherrypick articles to support your own belief.
@apple168 Crude oil already hit 75$ per barrel. The predictions were outdated. The analyst presentation was held in late May. This guy will do whatever it takes to make you sell. Same with MPI, Greatech, Unisem
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derrtan
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Posted by derrtan > 2021-06-22 19:03 | Report Abuse
barely can make it to 0.725. haiz