HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

2.28

Today's Change

+0.02 (0.88%)

Day's Change

2.27 - 2.31

Trading Volume

786,100


68 people like this.

105,009 comment(s). Last comment by Sangranghaeyo 1 day ago

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 08:16 | Report Abuse

Yesterday IDSS lost. Hope they IDSS more today so that I can buy cheaper

2721

1,988 posts

Posted by 2721 > 2022-03-08 08:18 | Report Abuse

Should limit up once to justify high oil price will remain >100

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 08:28 | Report Abuse

Import ban on Russian oil is almost confirm

Gaussian

3,013 posts

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

IDSS can bet it won’t happen but I will buy their shares

Newbie_123

274 posts

Posted by Newbie_123 > 2022-03-08 09:40 | Report Abuse

HIB will continue its good momentum

kahhoeng

3,926 posts

Posted by kahhoeng > 2022-03-08 10:10 | Report Abuse

when brent first crossed 100 a few weeks ago, hibiscus reached a high of 1.3x. Now, brent is above 120, and hibiscus is still at 1.3x???

williamtkb

3,216 posts

Posted by williamtkb > 2022-03-08 10:19 | Report Abuse

Are you ready to break rm1.40?

Newbie_123

274 posts

Posted by Newbie_123 > 2022-03-08 10:21 | Report Abuse

strong foundation/base built at 1.3. nothing to worry on strong uptrend

Newbie_123

274 posts

Posted by Newbie_123 > 2022-03-08 10:22 | Report Abuse

matter of times before Brent Oil reach USD 200 if war continues

kahhoeng

3,926 posts

Posted by kahhoeng > 2022-03-08 10:22 | Report Abuse

I am kind of hoping it will be at least 1.5x right now given the extra USD 20 brent crude...

myongcc5

708 posts

Posted by myongcc5 > 2022-03-08 10:57 | Report Abuse

Buy when it's still at a bargain. Keep it for sometime as long as oil price is still good profit for the company

myongcc5

708 posts

Posted by myongcc5 > 2022-03-08 10:59 | Report Abuse

We r talking about forward earning! Earning visibility is quite clear

Posted by Mayleow777 > 2022-03-08 11:02 | Report Abuse

I had earn 10 k from u hb

Posted by Mayleow777 > 2022-03-08 12:10 | Report Abuse

I bought at 64 sen

williamtkb

3,216 posts

Posted by williamtkb > 2022-03-08 14:15 | Report Abuse

Are you ready to break rm1.40?

ankahill

1,046 posts

Posted by ankahill > 2022-03-08 15:37 | Report Abuse

Today some taking profit.

Sheng93

69 posts

Posted by Sheng93 > 2022-03-08 15:41 | Report Abuse

Rm1.40 will be coming soon..

Posted by KingKong_Doll > 2022-03-08 15:47 | Report Abuse

Russia warns of USD 300 per barrel?? You must be kidding me.
Ini macam my Hibiscus holding is barely enough to cover the super inflation.

williamtkb

3,216 posts

Posted by williamtkb > 2022-03-08 15:55 | Report Abuse

USD3000 also useless. Can't export

bobvic96

748 posts

Posted by bobvic96 > 2022-03-08 16:00 | Report Abuse

https://www.theedgemarkets.com/article/local-energy-stocks-lag-despite-oil-price-surge-some-players-still-hurt-previous-downcycles

Since the beginning of the year, the Bursa Malaysia Energy Index (KLENG Index), which tracks O&G counters, has not moved in tandem with the rise in crude oil prices.

The index only gained 5.85% year-to-date (YTD) despite Brent having rallied from US$78 per barrel which was reported on Jan 3.

According to data from Bloomberg, out of 25 constituents in the benchmark index, 13 counters have gained YTD (as of Monday), 11 counters were down and only one counter was unchanged.

Only Hibiscus Petroleum Bhd, Deleum Bhd, Alam Maritim Resources Bhd, Coastal Contracts Bhd and Petra Energy Bhd have put on double-digit gains in their share prices since January.

Other O&G players such as Handal Energy Bhd, Sapura Energy Bhd and Yinson Holdings Bhd were the top index losers, having declined by 22.5%, 20% and 18.67% respectively since the beginning of the year.

Newbie_123

274 posts

Posted by Newbie_123 > 2022-03-08 16:57 | Report Abuse

ugly closing today.

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-03-08 17:05 | Report Abuse

Have you looked in the mirror today?...........who is uglier?

Hibby is as beautiful as ever! Strong foundation and better fundamentals......wow!

Newbie_123

274 posts

Posted by Newbie_123 > 2022-03-08 17:16 | Report Abuse

back to yesterday opening price. No wonder our own backyard O&G is lagging not in sync with exponential Brent/WTI movement

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 19:17 | Report Abuse

They don’t want to repeat Glove 2.0

Posted by mokluhanj21 > 2022-03-08 21:05 | Report Abuse

well well. nak melabur jangan malas. not all companies are created equal.
Look at the risks- financial risk esp for capital intensive stocks.
dont sound lazy / dumb by painting every stocks within a sector with broad brush. This is not kindergarten. or a gossip tabloid.
The least you could do is go on the P&L, BS and CF statements. Look before you jump. Which counters are quality investments, which are ciggy butts.

Anyways, have a great time in the markets :P

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 21:28 | Report Abuse

JUST IN - Biden set to ban imports of Russian oil, LNG, and coal without the participation of European allies as soon as today, Bloomberg reports.

bigprice

834 posts

Posted by bigprice > 2022-03-08 21:56 | Report Abuse

Up tomorrow. 1.40

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 22:15 | Report Abuse

Hope IDSS will help tomorrow to get cheaper tickets

Posted by DatoChiakaLiau > 2022-03-08 22:36 | Report Abuse

Hibiscus is a time ticking bomb waiting to explode soon.

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 22:38 | Report Abuse

Limit up. Lol

williamtkb

3,216 posts

Posted by williamtkb > 2022-03-08 22:49 | Report Abuse

Tomorrow is the time to break rm1.40

williamtkb

3,216 posts

Posted by williamtkb > 2022-03-08 23:07 | Report Abuse

Hope tomorrow morning wake up still above USD125

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 23:07 | Report Abuse

#BREAKING: UK to ban import of Russian oil

Gaussian

3,013 posts

Posted by Gaussian > 2022-03-08 23:08 | Report Abuse

When you wake up tomorrow morning oil price is USD 150

2721

1,988 posts

Posted by 2721 > 2022-03-09 06:38 | Report Abuse

Is $129, gogogo, $150 is nt a dream

Posted by bullmarket1628 > 2022-03-09 06:59 |

Post removed.Why?

Posted by bullmarket1628 > 2022-03-09 07:26 | Report Abuse

Biden announces ban on Russian oil imports, calling it 'Putin's price hike'
March 8, 2022, 9:43 PM +08�/�Updated�March 9, 2022, 2:25 AM +08
By Kristen Welker, Peter Alexander and Rebecca Shabad
https://www.nbcnews.com/politics/politics-news/us-ban-russian-oil-imports-rcna19119

WASHINGTON ? President Joe Biden announced Tuesday that the U.S. will target "the main artery of Russia's economy" by banning the import of Russian energy products.
"We're banning all imports of Russian oil and gas and energy," Biden said in remarks from the White House. "That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin's war machine."

The president warned that the move would probably increase gas prices in the U.S., but that it was necessary to ramp up sanctions pressure on Russia's economy for its war on Ukraine.�
?Putin's war is already hurting American families at the gas pump," Biden said. "I?m going to do everything I can to minimize Putin's price hike here at home.?
Biden's language clearly anticipated a concerted Republican effort to blame him directly for the rise in gas prices, which hit a record in the U.S. on Tuesday. With gas prices certain to become a huge political issue in this year's midterm elections, Biden devoted much of his remarks to focusing American anger directly on Putin, while also encouraging U.S. energy companies to produce more domestic oil.
The president said the U.S. had made the decision to ban Russian energy products "in close consultation" with allies around the world, particularly in Europe. He said many of those partners may not be able to take the same action.
"The United States produces far more oil domestically than all of Europe," said Biden, who said the U.S. is a net exporter of energy. "We can take this step when others cannot, but we're working closely with Europe and our partners to develop a long-term strategy to reduce their dependence on Russian energy as well."

Posted by bullmarket1628 > 2022-03-09 08:20 | Report Abuse

Oil surges as U.S. bans Russian crude, Britain to phase out purchases
By Shariq Khan. 9-3-2022

https://www.reuters.com/business/oil-see-saws-near-14-yr-highs-us-weighs-russia-oil-embargo-2022-03-08/

BENGALURU, March 8 (Reuters) - Oil prices settled around 4% higher on Tuesday as the United States banned Russian oil imports and Britain said it will phase them out by year end, decisions expected to further disrupt the global energy market where Russia is the second-largest exporter of crude.
Oil prices have surged more than 30% since Russia invaded Ukraine, and the United States and other countries imposed a raft of sanctions. Russian oil and gas exports were already being shunned before the ban as traders sought to avoid running afoul of future sanctions.
U.S. President Joe Biden announced a ban on Russian oil and other energy imports. Britain said it will phase out the import of Russian oil and oil products by the end of 2022, giving the market and businesses time to find alternatives.

Brent crude futures settled at $127.98 a barrel, 3.9% higher, while U.S. crude futures settled at $123.70 a barrel, a 3.6% increase.

Russia ships 7 million to 8 million barrels per day of crude and fuel to global markets. European allies are not expected to join the United States in the ban, but major buyers there are already shunning Russian oil. Shell, the one notable major that did buy Russian crude, faced a torrent of criticism, including from Ukraine's foreign minister. On Tuesday, Shell said it would no longer buy Russian oil.
The disruption could ripple through other energy markets, as Russian oil and products are used for refining into other goods...

Posted by kokchengkai > 2022-03-09 08:27 | Report Abuse

Hibiscus oil wil b manyak laku in UK .. coz they ban buy frm russia n US oso Ban.. wan buy oso need waiting list . but bad news is critical components sparepart not yet complete repair .. Effect the output

Posted by kokchengkai > 2022-03-09 08:28 | Report Abuse

Maximum 2 cargo oil frm anasuria... wan buy oil r? Pai dui la..

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-03-09 08:40 | Report Abuse

UK says will phase out Russia energy supplies AT THE END OF THE YEAR......sounds like they cannot live without Russia.........only half hearted attempts......

Or are the British starting to dig more holes for Oil, hoping to find more before end of year......hehehe

Politicans can talk kok only.

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-03-09 08:56 | Report Abuse

USA loves War....war in Asia, in Middle East, in Europe....they sell weapons.....

Now by banning Russian energy supplies when existing Contracts expires, mostly in 45 days, US as Net exporter of Oil and with high Oil prices and acute supplies.......US wins again.

What is Putin's next move to counter?

BennyWhittman

1,215 posts

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

Be careful what you wish for.........hehehe

kahhoeng

3,926 posts

Posted by kahhoeng > 2022-03-09 09:27 | Report Abuse

129 brent and hibiscus 1.32???

Posted by mokluhanj21 > 2022-03-09 09:41 | Report Abuse

Walaweh. Putin just banned export of ALL raw materials from Russia to be effective until Dec 31
walaweh. this is full blown war! Rocket goes to the MOOOOOOOOOOOON
HODL

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-03-09 09:50 | Report Abuse

Don't cry wolf.....please share link.

Putin is still asleep since it's 4.30am in Moscow.......

Posted by Stayhomemum > 2022-03-09 09:54 | Report Abuse

selling pressure is strong for HIBBY

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-03-09 10:13 | Report Abuse

Stayhomemum, let's just say Hibby is comfortable at this level 1.33 and the buyers are not rushing in....YET. There's no selling pressure or downwards price into red.

Water finds it own levels and situation is very fluid............Be Water.

BennyWhittman

1,215 posts

Posted by BennyWhittman > 2022-03-09 10:22 | Report Abuse

Mokluhanj21....the wolf boy is spewing fake news for a few coins in price?

Pls share link............

derrtan

1,796 posts

Posted by derrtan > 2022-03-09 10:31 | Report Abuse

if you look at the volume today only 100,000....it going either way this evening...minimum volume shall be around 400,000 to 800,000 per day. IB still have a lot bullet for this evening. likely will shoot up if oil stay > USD130

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