Posted by 2721 > 2022-03-07 08:52 | Report Abuse

Lets limit up..gogogo

Posted by StockKeeper > 2022-03-07 09:04 | Report Abuse

same pattern open high close low

Posted by imvu > 2022-03-07 09:06 | Report Abuse

kamon jutawan ..

Posted by izoklse > 2022-03-07 09:08 | Report Abuse

US and EU plan for oil embargo. They are crazy. Oil price gonna shoot up high rocket. They better have right plan for it.

Posted by kahhoeng > 2022-03-07 09:26 | Report Abuse

real surprise hibiscus is not even 1.50 right now...

Posted by nuonuo > 2022-03-07 09:37 | Report Abuse

waiting kahhoeng to goreng up~~~

Posted by kahhoeng > 2022-03-07 09:40 | Report Abuse

that's a dream...

Posted by nuonuo > 2022-03-07 09:43 | Report Abuse

It is better to depend on oneself than to others~~~

Posted by kahhoeng > 2022-03-07 09:55 | Report Abuse

no harm voicing my surprise while waiting for it to continue rising...

Posted by 2721 > 2022-03-07 10:12 | Report Abuse

Resistance broken, lets go to the next level, slowly but steady

Posted by DatoChiakaLiau > 2022-03-07 10:13 | Report Abuse

Hibiscus should be worth 2 even oil price at $90. Today oil is $128, it should be 1.5 min, BUY CALL NOW

Posted by abc333 > 2022-03-07 10:18 | Report Abuse

still 1.3? is this some kind of joke?

Posted by GoodBoy > 2022-03-07 10:18 | Report Abuse

Hibiscus RM1.70 is coming ? ...

Posted by malpac63 > 2022-03-07 10:18 | Report Abuse

For once, at 1.34 its put doubt on the shorties now. Cut their losses or fight on?

Posted by williamtkb > 2022-03-07 10:33 | Report Abuse

Today should test Rm1.40

Posted by merhaba88 > 2022-03-07 11:03 | Report Abuse

Up..Up and away....congrats those still hold....RM1.70 at least this week.

Posted by 2721 > 2022-03-07 11:04 | Report Abuse

Unstoppable!!!

Posted by imvu > 2022-03-07 11:05 | Report Abuse

minggu ni breakout 1.360 ?

Posted by TheTruthHurt > 2022-03-07 11:06 | Report Abuse

Shortist pants caught fire today. They also follow buy.... lol

Posted by Stayhomemum > 2022-03-07 11:06 | Report Abuse

already 1.36

Posted by imvu > 2022-03-07 11:07 | Report Abuse

bila lagi nak pump tinggi tinggi sentimen macam ni bukan selalu datang , kasi limit up la

Posted by merhaba88 > 2022-03-07 11:08 | Report Abuse

Local fund follow Warren Buffet hantam O&G counter for maximum profit...

Posted by Baby Shark > 2022-03-07 11:11 | Report Abuse

I try my luck for extra pocket money.. added 10 lots 1.32

Posted by Baby Shark > 2022-03-07 11:15 | Report Abuse

Come 1.45 toh hosei liau..

Posted by Baby Shark > 2022-03-07 11:18 | Report Abuse

Hope ikan bilis kelam kabut buy limit up tomorrow.. hehe

Posted by BennyWhittman > 2022-03-07 11:30 | Report Abuse

Oh Sharkie, average up with only 10 lots? (10 x 100?) Our trade in 1,000 units per lot....we have collected many, many, many baskets........good hunting from 85c-90c

Your additional 10 lots enough to get back loss of 1 Myvi?....hehehe

Posted by BeeNeutral > 2022-03-07 11:33 | Report Abuse

Maybank IB's TP of RM1.7 is reasonable and achievable as it needs the oil price only at 75usd. Any oil price above 75usd is a real bonus. Hope the TP of RM1.70 will be reached B4 end of this qtr.
Some more AmInvest Maintains Brent oil price projection at US$90?95/barrel for 2022 and US$80-85/barrel for 2023.
https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2022-03-03-story-h1599409368-Oil_Gas_Rerating_cycle_from_elevated_risk_premiums

The recent Q2 EPS 2.42 was based on the oil price of 75usd and some based on 72usd. By using the conservative price of 75usd per Boe in the Q3 n Q4 EPS estimated calculation, they should be (2.42 + 2.42) and the annualised total EPS should be around 7.26 +Q1's 2.07 =9.33. So the non Repsol asset will contribute 2.5M to 2.7M Boe (see the Edge article below) with 9.33 EPS. In addition, the Repsol asset will contribute 2.5M Boe too, therefore another extra 9.33 EPS with the conservative price 75usd per boe too. Thus the estimated annualised total EPS is 9.33 +9.33 =18.66 cents(about 19 cents). Therefore Maybank IB's TP RM1.7 looks very reasonable n conservative and achievable with oil price just needs to be at 75usd Boe. Again If based on the 90usd per Boe the total EPS should be well over 22 cents EPS. So the TP of RM 2.00 is also very much reasonable and possible based on PE of 10
https://www.theedgemarkets.com/article/hibiscus-petroleum-2q-net-profit-jumps-four-folds-higher-crude-oil-prices

Posted by kahhoeng > 2022-03-07 12:16 | Report Abuse

needs to break 1.50 before can rise above 1.70?

Posted by izoklse > 2022-03-07 13:21 | Report Abuse

If confirm oil embargo, price will hit 150 USD for BRENT and Crude Oil. And retaliation from Russia would be very strong which i believe they will take action stopping distribution of gas to EU nation which going to hurt EU. Price will than shoot to another level 175 USD for Brent and Crude oil. Shortage of oil across the world will force oil to shoot to 200 USD for the first time. The year of hyper inflation will come before price crash because of recession everywhere.

Posted by mokluhanj21 > 2022-03-07 13:32 | Report Abuse

dont fight it people. also dont act smart la.
Buffet also still holding on to Occidental.
This is narrative economics. and this is how its going to unravel:
1. Oct 21: gao2 shoot to 94.5 sen due to the Great Global Reopening sentiment
2. Oct- Dec 21: fear of a Hawkish Fed
3. Jan 22: Supply & inventory not keeping up with demand- shoot
4. Feb 22: European war
5. Now: all thinking it is too high...but it is only too high when people are starting to be irrationally fearful
for now, as price goes higher (and everything else is a falling knife), there really is not safe place for trillions of dollars. Oil is the few safe space , with commodities
This spike may be extended further

anyway, keep watching insider moves: http://openinsider.com/

Good luck everyone!

Posted by derrtan > 2022-03-07 14:58 | Report Abuse

https://www.investing.com/news/commodities-news/japan-in-talks-with-us-europe-over-banning-russian-oil-imports--kyodo-2778984

Posted by kahhoeng > 2022-03-07 16:12 | Report Abuse

1. 50 is OK, 1.70 is fair, 2.00 is mamamiya,thanks to Putin, above 2.50 is oh, my God!

Posted by GoodBoy > 2022-03-07 16:38 | Report Abuse

Maybank upgraded Hibiscus target price to RM1.90 ...

Posted by meistsk3134 > 2022-03-07 16:39 | Report Abuse

where the source?

Posted by GoodBoy > 2022-03-07 16:51 | Report Abuse

The edge markets reported 3 hours ago ... Maybank Investment Bank analyst Liaw Thong Jung, who has a "buy" call on Hibiscus Petroleum, said in a note on Monday that he revised up Hibiscus Petroleum's target price to RM1.90 from RM1.70 as higher crude oil price outlook is expected to lift the company?s financial year ending June 30, 2022 (FY22) to FY24 earnings estimates by 9% to 28%.

Posted by williamtkb > 2022-03-07 17:00 | Report Abuse

Hope Tomorrow big funds press down again for me to collect more. Today not many buyers. All waiting price dropping more

Posted by GoodBoy > 2022-03-07 17:01 | Report Abuse

KUALA LUMPUR (March 7): Hibiscus Petroleum Bhd rose as much as 12 sen or 9.68% to RM1.36 amid active trade on Monday morning as an analyst foresees high oil prices to lift its earnings.

At noon break, the stock settled at RM1.35, still up 11 sen or 8.87%.

The counter, which was the most actively traded stock on the bourse on Monday morning, saw 89.4 million shares traded. This is almost four times its 200-day trading volume average of 24.3 million shares.

Maybank Investment Bank analyst Liaw Thong Jung, who has a "buy" call on Hibiscus Petroleum, said in a note on Monday that he revised up Hibiscus Petroleum's target price to RM1.90 from RM1.70 as higher crude oil price outlook is expected to lift the company?s financial year ending June 30, 2022 (FY22) to FY24 earnings estimates by 9% to 28%.

?Hibiscus Petroleum is the best play for a cyclical, rising energy price market ? fundamentally sound, financially resilient and offers compelling growth (three-year net profit compound annual growth rate of 80%) with undemanding valuations,? he said.

He noted his target price (+12% revision), based on US$10/barrel of oil equivalent (boe) (about RM41.78/boe) 2P reserves, is undemanding vis-�-vis its peers that trade at higher multiples (US$12/boe to US$31/boe).

He also sees further upside for the stock should it succeed in securing Repsol?s PSC extension, converting some of its sizeable 2C resources (73.2 million barrels) to 2P reserves and/or monetising some of its development fields (i.e. Marigold, Australia) along the way.

According to him, Hibiscus Petroleum, a pure upstream oil and gas (O&G) operator, with a relatively low lifting cost (profit and loss break-even oil price of sub-US$40/boe), is the most leveraged O&G play to capitalise on the strong energy push.

?Oil price has surpassed US$100 per barrel and should sustain over an extended period, for the energy market is facing a trilemma: (i) stronger demand growth post-pandemic, (ii) supply disruption (structural under-capacity) and (iii) rising geo-political risk (Russia-Ukraine crisis),? he said.

He raised his crude oil price outlook by US$10/boe to US$90/US$85/US$85/boe in FY22/FY23/FY24 but lowered Repsol?s FY22 output by 2,000 boe, which raises Hibiscus Petroleum operating expenditure/boe by US$3.

?The Repsol acquisition (completed on Jan 24, 2022) is timely, to ride on the higher oil price outlook. All in, we expect Hibiscus to see strong earnings growth in FY22 (3.1 times year on year) and FY23 (1.9 times year on year) respectively,? he said.

By Lam Jian Wyn

Posted by Gaussian > 2022-03-07 17:26 | Report Abuse

When ever the IB raise the TP there will be downtrend. Wait to buy cheaper

Posted by Sakolim1986 > 2022-03-07 21:21 | Report Abuse

?The Repsol acquisition (completed on Jan 24, 2022) is timely, to ride on the higher oil price outlook. All in, we expect Hibiscus to see strong earnings growth in FY22 (3.1 times year on year) and FY23 (1.9 times year on year) respectively,? he said.

From the above statement, it means 2 years down the road; FY earning can be 6 fold or higher versus FY 2021.
However, this is a bit too long to wait. I would be happy to take profit at RM2 with almost 150% gaining.

Posted by Sakolim1986 > 2022-03-07 21:22 | Report Abuse

https://www.theedgemarkets.com/article/hibiscus-petroleum-968-amid-active-trade-high-oil-prices-likely-lift-its-earnings

Posted by tiger2012 > 2022-03-07 22:21 | Report Abuse

gg oil price. open 1.1 tomorrow

Posted by meistsk3134 > 2022-03-07 22:26 | Report Abuse

what happen

Posted by williamtkb > 2022-03-07 22:30 | Report Abuse

Yahoo... Tomorrow can collect lower again.

Posted by tiger2012 > 2022-03-07 22:39 | Report Abuse

catch the falling knife. never learn your lesson

Posted by bigprice > 2022-03-07 23:29 | Report Abuse

Oil might break 130 again soon

Posted by derrtan > 2022-03-08 00:29 | Report Abuse

https://www.fxempire.com/news/article/u-s-prepared-to-move-alone-in-banning-russian-oil-imports-sources-926029

Posted by kakiminyak > 2022-03-08 06:05 | Report Abuse

Global stock markets crashing. But Black Gold and Yellow Gold are in big move up.

Posted by williamtkb > 2022-03-08 06:12 | Report Abuse

If Rm1.40 never break after all good news can take all profit and go. Let IB buy to thier TP rm1.90 lol

Posted by bullmarket1628 > 2022-03-08 06:43 |

Post removed.Why?

Posted by MrsLee > 2022-03-08 06:49 | Report Abuse

Nice!!! Gap UP again...:)