Posted by birdparadise > 2022-02-16 22:56 |

Post removed.Why?

Posted by kahhoeng > 2022-02-16 23:30 | Report Abuse

With brent above 80, I would have expected Hibiscus to at least trade between 1.30 and 1,60. Now, if brent were to stay strong above 90, I wonder how much I should expect with Hibiscus...

Posted by Davidl > 2022-02-16 23:37 | Report Abuse

Well said kahhoeng, now is about time to move towards 1.30

Posted by malpac63 > 2022-02-16 23:37 | Report Abuse

They gave us the EBITDA figure and not the net profit in the Repsol deal. When you sell your car, you tell the buyer the good features of it and not the rest.

Posted by Moneymore > 2022-02-17 00:20 | Report Abuse

Before Repsol deal production is 8000 bopd and $60/bbl, now with Repsol is 20,000 bopd so what is the fair price you think Hibiscus should be at $90/bbl? Easily RM3, Buy Call now

Posted by alesi > 2022-02-17 00:54 | Report Abuse

1.5cents dividend this QR. next QR 2-3 cents special dividends.

Posted by apple168 > 2022-02-17 06:20 | Report Abuse

Brent oil USD drops to 91 per barrel! Continue to short Brent! Wahshaha!

Posted by ks5S > 2022-02-17 07:54 | Report Abuse

oil will go to 150 by 2023 there is no going back

Posted by ks5S > 2022-02-17 07:57 | Report Abuse

2007 price high due to speculation
2022 price high due to fundamental. Short supply

Posted by ks5S > 2022-02-17 07:58 | Report Abuse

this rally is a lot more durable. it is very, very fundamental driven market

Posted by ks5S > 2022-02-17 08:00 | Report Abuse

this kind of fundamental growth in the oil market; it is hard to stop this train.

Posted by ks5S > 2022-02-17 08:09 | Report Abuse

glove and tech bull run is over. Now is oil and palm oil bull run. The bull is still young. buy and hold

Posted by zhangzuode > 2022-02-17 08:50 | Report Abuse

Could someone please explain why oil price (Brent) in oilprice.com remains at 94++ why over at Investing.com, it is 92. Thank you very much.

Posted by kahhoeng > 2022-02-17 09:09 | Report Abuse

no money to pay dividend this quarter and probably next quarter as well, given the need to pay back the credit used to pay for Repsol deal.

Posted by kakiminyak > 2022-02-17 09:10 | Report Abuse

The price fell after market close, oilprice.com updates when market reopens. Iran negotiator tweeted nuclear deal is getting closer, so oil price quickly dropped. Don't worry, next week it should be bullish.

Posted by witan > 2022-02-17 09:19 | Report Abuse

@zhangzuode now the brent price in oilprice.com is correct cause just now the market is still closed for brent price hence the difference in price. now since it is opened it reflected the drop in price. hope this helps

Posted by i3lurker > 2022-02-17 09:21 | Report Abuse

its red?

Hibby not allowed to increase again?

lol

Posted by BennyWhittman > 2022-02-17 09:38 | Report Abuse

CNY is over. New year stuff becomes old stock, cheap sale now...

Posted by value_seeker > 2022-02-17 09:45 | Report Abuse

islurker. You ok? Do you own any Hibiscus or waiting to buy for the reason hoping price to drop. The real reason is because envy that others are profiting from what you failed to see. Most with sick mind envy others will those who give feel great when others earn decent gain.
17/02/2022 9:44 AM

Posted by BennyWhittman > 2022-02-17 09:46 | Report Abuse

All the red stuff for new year celebrations out for sale. After all sold, becomes Green again...hehehe

Posted by NatsukoMishima > 2022-02-17 09:54 |

Post removed.Why?

Posted by NatsukoMishima > 2022-02-17 09:56 |

Post removed.Why?

Posted by NatsukoMishima > 2022-02-17 09:58 |

Post removed.Why?

Posted by NatsukoMishima > 2022-02-17 10:01 |

Post removed.Why?

Posted by Alipapapa > 2022-02-17 10:04 | Report Abuse

Maybank IB starts coverage on Hibiscus, target price RM1.70
Surin Murugiah
/
theedgemarkets.com

February 17, 2022 09:30 am +08
-A+A
KUALA LUMPUR (Feb 17): Maybank Investment Bank has initiated coverage on Hibiscus Petroleum Bhd at RM1.13 with a “Buy’ rating and target price (TP) of RM1.70 and said Hibiscus is the best play for a cyclical, rising energy price market.

In a note Tuesday (Feb 15), the research house said Hibiscus is fundamentally sound (low P&L break-even oil price; sub-USD40+/ boe), financially resilient, well-run and offers compelling growth (3-year NP CAGR of 53%) with undemanding valuations.

Maybank IB said Hibiscus, a pure upstream O&G operator is the most leveraged O&G play to capitalise on the strong energy push. FY22-24 earnings will grow by 35%- 54% for every US$10/bbl rise in oil price.

“It has a relatively low lifting cost (P&L break-even oil price of sub-USD40/boe).

“Our TP is conservatively pegged to US$10/ boe of EV/ 2P valuation (@ 10x FY23 PER), a 45% discount to its peer average of USD19/ boe.

“Accretive M&As, asset monetisation deals or additional 2P reserves upside would add to upside,” it said.

Posted by KingKong_Doll > 2022-02-17 10:14 | Report Abuse

DNEX so exciting still want to come here and promote? Should he very happening in DNEX forum ma. No meh??

Posted by BennyWhittman > 2022-02-17 10:21 | Report Abuse

Oh no....red backside baboon doll appeared again...jinx, jinx, jinx.....use broom stick and whack his shuei mouth!

Posted by BennyWhittman > 2022-02-17 10:38 | Report Abuse

See??? 1.14 dropped back to 1.12...jinx!

Posted by BeeNeutral > 2022-02-17 11:10 | Report Abuse

https://www.cnbc.com/2022/02/16/russia-adds-7000-troops-to-ukraine-border-despite-claims-it-would-withdraw-some-forces-us-says.html?__source=androidappshare

Posted by i3lurker > 2022-02-17 12:02 | Report Abuse

Oil took 100 blue pill Viagra......vertical up

but unfortunately Hibby ..................

Posted by i3lurker > 2022-02-17 12:11 | Report Abuse

missy mishi squeezed Hibby Dick ................not allowed again...............

Posted by BennyWhittman > 2022-02-17 12:17 | Report Abuse

Hahaha...no need vertical take off, sure come back down fast....

New buyers coming in at 1.13 will stabilise the price foundation better....

Day by day grow up much better....we can wait.

Posted by BennyWhittman > 2022-02-17 12:18 | Report Abuse

Dnex is sure thing....but this morning up to 1.33 also pre-mature ejac...now back to 1.25.....later close at 1.30 would be fine.

Posted by KingKong_Doll > 2022-02-17 12:20 | Report Abuse

LOL......Anal~yst

Posted by BennyWhittman > 2022-02-17 12:21 | Report Abuse

Aahhhhhh...CNY red stuff all sold.....now Green.....

Posted by BennyWhittman > 2022-02-17 12:24 | Report Abuse

Shit!......I'm wearing shoes, anyone can lend slippers. Need to slap the red backside baboon's mouth with it....jinx.

Posted by BennyWhittman > 2022-02-17 12:29 | Report Abuse

Luckily an old lady used her unchanged week old underwear and stuffed his mouth....broke the jinx this round....sigh!

Posted by ks5S > 2022-02-17 12:36 | Report Abuse

today will close above 1.20 heading to 1.70

Posted by aldehid > 2022-02-17 12:38 | Report Abuse

Next TP 1.70

Posted by birdparadise > 2022-02-17 12:50 |

Post removed.Why?

Posted by ks5S > 2022-02-17 12:58 | Report Abuse

now time to be superstar

Posted by i3lurker > 2022-02-17 12:58 | Report Abuse

Russia claims it was withdrawing troops
but instead US and Nato claims 7,000 more troops were added to Ukraine borders

Posted by zhangzuode > 2022-02-17 13:16 | Report Abuse

I must say, the "Viagra" work. So, maybe 2Q results is more than decent??

Dividend is possible as cash-flow from Jan till today should be UP, UP UP, maybe change dividend policy to quarterly payment too!?

Posted by BennyWhittman > 2022-02-17 13:48 | Report Abuse

Coming QR next week is without Repsol yet....the one after is the impetus IED to the sky!

Posted by BennyWhittman > 2022-02-17 13:52 | Report Abuse

Putin kept his words on withdrawing troops....from Russian occupied Crimea. On the other hand, increased troops deployment to borders to the West and North of Ukraine.

Putin is a master spinner and always kept his options opened.

Posted by derrtan > 2022-02-17 14:13 | Report Abuse

Maybank give TP RM1.7!!!!!

Posted by LossAversion > 2022-02-17 14:22 | Report Abuse

@derrtan, some of these banks also gave high TPs for gloves, remember?!!

Posted by Jerichomy > 2022-02-17 14:23 | Report Abuse

Enjoy early TGIF

Posted by ks5S > 2022-02-17 14:26 | Report Abuse

last time glove bull the time, banks revised many times once reach target.

Posted by ks5S > 2022-02-17 14:26 | Report Abuse

later hit 1.70, it will revise to 2.00