Posted by MakeMoney03 > 2022-03-09 10:56 | Report Abuse

haha i guess US are trying to find some excuses to invade middle east again for these precious oil. Before that is terrorist and nuclear weapon, let see what excuses are they going to give on their next invasion

Posted by flyinv > 2022-03-09 11:32 | Report Abuse

Very strange, US ban oil import and market become green across the board..how come. I suspect only temporary. later will see hibby climbing againts the rest..hopefully i am not daydreaming..

Posted by merhaba88 > 2022-03-09 11:40 | Report Abuse

ENGINE STARTED......GO GO GO

Posted by kakiminyak > 2022-03-09 11:41 | Report Abuse

Dead cat bounce only. Later will start to selloff again. Nothing positive for the broader market. Inflation rising like hell, next week FED will raise interest rate and issue warnings. Expect more market downturn. Take cover in Black and Yellow Gold.

Posted by BeeNeutral > 2022-03-09 11:44 | Report Abuse

Uncharted Territory

Posted by kakiminyak > 2022-03-09 11:47 | Report Abuse

Black Gold and Yellow Gold the best for 2022. More upside to come. I believe Gold can go to $3000/OZ and Crude between $130 - $180. This is not a recommendation to buy. Decide for yourselves.

Posted by pang72 > 2022-03-09 11:54 | Report Abuse

This one can auto pilot 1.90 per maybank IB target

Posted by 2721 > 2022-03-09 11:54 | Report Abuse

Unstoppable!!!lets limit up today

Posted by pang72 > 2022-03-09 12:05 | Report Abuse

Hibiscus never let me down always!!!

Posted by mokluhanj21 > 2022-03-09 12:19 | Report Abuse

Sorry got excited haha
heres the link fellas :

https://www.wsj.com/articles/russia-set-to-ban-commodity-exports-following-western-sanctions-11646768260

https://interfax.com/newsroom/top-stories/75965/

https://seekingalpha.com/news/3810771-putin-signs-decree-to-restrict-imports-and-exports-until-year-end

Posted by williamtkb > 2022-03-09 12:21 | Report Abuse

I queen rm1.70 to sell as per Maybank IB previous TP. Auto pilot now.

Posted by myongcc5 > 2022-03-09 12:26 | Report Abuse

Anyway Ben is a good caretaker! Give him support

Posted by BennyWhittman > 2022-03-09 12:26 | Report Abuse

Thanks for the links........these are counter measures after Biden's announcement on Oil ban...............However, where did you see "ALL RAW MATERIALS"?????????..........

Putting words in other's constitute a libel and slander!!!

Posted by myongcc5 > 2022-03-09 12:27 | Report Abuse

Thanks Benny!

Posted by BennyWhittman > 2022-03-09 12:30 | Report Abuse

Welcome, Mr MYong........we want the true colors of Hibby to be exhibited and the Value shinning through..........Not by fake news and hoax which would hurt investors eventually.

Hibby is on course and building great foundation,....... not looking back after this.

Posted by BennyWhittman > 2022-03-09 12:44 | Report Abuse

Sharkie, it's fine to feel frustrated......anyway your purchase prices at 1.21.....1.32......and 1.34 (today) are still having some profits.

Your "trapped" Datap has also rebounded slightly..........hehehehe

Posted by newguy0801 > 2022-03-09 13:32 | Report Abuse

Hey, Benny. No ATA trolls at here, see you looking happy lmao.

Posted by BennyWhittman > 2022-03-09 13:41 | Report Abuse

good to meet you, Mr Michael Yong.....so my guessing your name was also spot on....hahaha

Good luck sir, in your businesses endeavours and investments in Hibby too.

Posted by BennyWhittman > 2022-03-09 13:42 | Report Abuse

0801, nope the red face devil got trapped at ATA....we escaped with some scratches only....

Posted by rr88 > 2022-03-09 13:57 | Report Abuse

Oil price BUBBLE
Hibiscus BUBBLE
You will lose 40% easy when ukraine war over

Posted by izoklse > 2022-03-09 14:03 | Report Abuse

Russia will take next action stop gas supply to EU and further increase oil price to hit EU and US economy so that world will pressure US and EU to stop doing what they are doing now because everybody suffer due to high oil price.

Posted by KingKong_Doll > 2022-03-09 14:32 | Report Abuse

LOL...rr88 ....how is your shorting of oil business. I saw you shorting when it was 95+ and the more you short, the more it goes up until it is 130 now. Must be a good business for you......LOL

Posted by smshahrom > 2022-03-09 14:47 | Report Abuse

breakout 1.360 hihihi

Posted by BennyWhittman > 2022-03-09 14:48 | Report Abuse

Sharkie, calm down.....no sharks around........and buyers are not afraid of some fluctuations of 2-3 sens........In fact, if drop back, quite sure some may even top-up more.

Posted by BennyWhittman > 2022-03-09 14:56 | Report Abuse

The ascend is looking good. Climb slowly and when dropping back a little, even the low is still higher than the previous low...........

Posted by BennyWhittman > 2022-03-09 15:10 | Report Abuse

The playing fields at Bursa is not the same as last year with many 2nd liners and penny stocks flying LU after LU. Even with 2 LUs in 3 days! And should you even believe FDI is back, you've already had your candy taken away from you.

Hibby is a fundamental stock and with the complete acquisition of Repsol has been transformed.

Posted by WannaBeTechAnalyst > 2022-03-09 16:14 | Report Abuse

There is nothing much to worry about whether the war over and oil price start to plunge below $100 .. HIBISCS itself from Q2 with production capacity of 9,000 bbls per day but utilisation rate at 90% (8100+ bbls per day) is selling at average price of $75.. Simple math to fact check Q22022 (8150 bbls x 91 days x $75 x USDMYR 4.125) = RM225+mil revenue per quarter

After the complete acquisition of Respol and production will simply jump to 18,500 bbls per day.. due to constraint global supplies.. I believe HIBISCS will max out its utilisation rate.. but lets be conservative at 90% of 18500 will translate approx 16-17k bbls per day .. (17000 bbls x $75 x 4.125 x 91 days ) = RM480mil+ expected revenue per quarter.. this is simply just factoring $75 selling price per barrel.. now oil is trading above that.. just believe in fundamental of the company with strong cash flow and good gearing ratio. With that .. HIBISCS might hit RM1.9-2bil revenue per year with net profit close to 280-350mil..

Posted by Coiffure > 2022-03-09 16:44 | Report Abuse

I assume u investment on this counter was around 5mil and have a good knowledge and know well being of this counter

Posted by Coiffure > 2022-03-09 16:48 | Report Abuse

for those IB and big player who holding 100 of millions or billions, THEY DON'T KNOW how to calculate? nor u think their information was less than u know?

Posted by Coiffure > 2022-03-09 16:50 | Report Abuse

does Repsol a good deal?
if really that good and obvious, the price now should be?
ask urself

Posted by kahhoeng > 2022-03-09 16:52 | Report Abuse

so sad hibiscus can't break 1.50 as brent broke 130...

Posted by WannaBeTechAnalyst > 2022-03-09 16:53 | Report Abuse

We always welcome you to short it down bro.. if you think its not good.. do it

Posted by BennyWhittman > 2022-03-09 17:06 | Report Abuse

WannaBeTA, think your computation is very conservative or the BPD is not this figure but higher. Also, don't understand why you're still using Oil price at $75?

Forget that nutcase coiff. IBs can be trusted, elephants can climb trees......not just any tree.....tall coconut trees!

Posted by King_Musang > 2022-03-09 17:43 | Report Abuse

Oil Price $75, Revenue = RM2.2Bil, PAT = 400Mil, EPS = 0.18, PE10 = 1.80
Oil Price $125 Revenue = RM3.6Bil, PAT = 650Mil, EPS = 0.30, PE10 - 3.00
PAT estimated =

Posted by WannaBeTechAnalyst > 2022-03-09 18:04 | Report Abuse

@BennyWhittman im just plucking their the BPD from their proposal report from the acquisition for respol and im trying to be conservative and not too over optimistic about it .. im using oil price at $75 (their Q22022 pricing) to show that if the oil will plunge back below $100 .. we are still good.. any premium pricing for oil is advantage as for now.

The reality is.. IB keep revising their TP after price moved and only will write good stuff when has good PR relationship.. otherwise? you know lah

Posted by dragon328 > 2022-03-09 21:12 | Report Abuse

Anasuria Cluster - production was 2,785 boe/day and North Sabah production was 6,384 boe/day for 2Q2022 (Oct-Dec 2021).

Revenue per quarter = 9,169 boe/day x 92 days x USD73/bbl x 4.125 = RM254m vs actual of RM284.4m. The difference being revenue from gas production.

The cost of production for Anasuria cluster was USD24.31/boe and for North Sabah USD13.06/boe. The weighted average cost of production = (24.31 x 2,785 + 13.06 x 6,384) / (2,785 + 6,384) = USD16.50/boe

Hence, gross profit per quarter = 9,169 boe/day x 91 days x USD(75.00-16.50)/bbl x 4.125 = RM201m

minus expenses and finance costs of about RM100m per quarter, the profit before tax = RM101m per quarter for average oil selling price of USD75/bbl

For oil at USD90/bbl, the PBT = RM(253m - 100m) = RM153m
For oil at USD100/bbl, the PBT = RM(287m - 100m) = RM187m
For oil at USD120/bbl, the PBT = RM(356m - 100m) = RM256m per quarter

If we factor in the additional 9,000 boe/day of production from the recently acquired Rapsol assets, and assuming expenses to increase by 50% to RM150m per quarter, then we shall see :
PBT = (253m x 2 - 150m) = RM356m for oil at USD90/bbl
PBT = (287m x 2 - 150m) = RM424m for oil at USD100/bbl
PBT = (356m x 2 - 150m) = RM562m for oil at USD120/bbl

So if oil prices stay at current level to year end, Hibiscus would make PBT of over RM2.2 billion or RM1.10 per share resulting in a PER of just 1.5x

Of course we need to factor in a higher tax rate of 33% this year, then net profit would be about RM1.57 billion or EPS of 79 sen resulting in a PER of 1.7x.

Posted by dragon328 > 2022-03-09 21:31 | Report Abuse

The non-exec director is too rushed in selling its 2% stakes now at RM1.20-1.34 while the major shareholders are adding. Foreign funds are rushing to take position in Hibiscus just as Warren Buffet taking huge position in OSY in the US.

Maybank is right in recommending Hibiscus with the highest TP of RM1.90 but I think its projections are still under estimating the potential of Hibiscus. Its projected net profit of RM600m for Hibiscus in 2023 at oil price of USD85m is too low, I would estimate it to be RM860m even factoring in a full 33% prosperity tax rate.

With a nett cash position and free cash flows of over RM1.0 billion a year at oil prices at USD85/bbl, Hibiscus would be able to declare 100% earnings as dividend or over 40 sen a share!!!

If oil prices stay at USD120/bbl for a year, free cash flows would balloon to RM2.0 billion a year and dividends might top RM1.00 per share!!!!!!!!!!

Warren Buffet is smart in snapping up OSY even at USD45 per share as its free cash flows would exceed USD20 billion a year, as he believes firmly that OSY share price will more than double from current levels in few months.

Hibiscus will easily double or triple from current levels once the foreign funds and smart money accumulate enough stakes. More upgrade reports will come out in coming weeks.

Posted by williamtkb > 2022-03-09 21:32 | Report Abuse

Tomorrow early morning discount sales...

Posted by Gaussian > 2022-03-09 21:41 | Report Abuse

Wow can get cheap tickets tomorrow

Posted by Gaussian > 2022-03-09 21:44 | Report Abuse

IDSS again?

Posted by kahhoeng > 2022-03-09 21:46 | Report Abuse

dragon, think your number is wrong, Hibiscus latest quarterly report suggested at avg selling price around USD 75, the PAT is RM 48 million...

Posted by BeeNeutral > 2022-03-09 22:33 | Report Abuse

Reading the article below, does it mean that Hibiscus' price also has a lot to catch up too as it is still well behind Maybank IB's TP of 1.9 which more or less based on the oil price of usd75. Does it mean any dip will be the accumulation opportunity for people with longer term in view.
https://oilprice.com/Energy/Energy-General/Oil-Stocks-Are-Trading-At-A-Deep-Discount-Right-Now.html

Posted by kokchengkai > 2022-03-09 23:38 | Report Abuse

Kahhoeng hibiscus only sell 2 cargo oil in latest QR .. Anasuria facilities gt one critical components need replace ... is customize components so effect the output ..
Next qr repsol asset come in .. guess at least 4 5 kargo oil sell in high price . Profit double up

Posted by twynstar > 2022-03-10 00:14 | Report Abuse

@dragon328

Hope these data for Repsol acquisition from circular for shareholders, announced on 13 Dec 2021,page 174, circular part 1 ( the second last page of circular part 1) will help your calculation

https://www.bursamalaysia.com/market_information/announcements/company...


Free cash flow to repsol, 2P – consolidated—----- page 174

Estimation of CY 2021
Total net production : 15,198 boe/day
Estimated realised oil price : USD 63 bbl/day
Estimated realised gas price : USD 3.9 / MMbtu
Net revenue : USD 247 millions
Net Opex : USD 99 millions
Net Capex : USD 20 millions
Net Abex : USD 18 millions
Net Opex/boe : USD 17.85/boe
Net (Opex + Capex + Abex)/boe : USD 24.70/ boe
Net project free cash flows : USD 77 millions


Estimation of CY 2022
Total net production : 17,364 boe/day
Estimated realised oil price : USD 60 bbl/day
Estimated realised gas price : USD 3.7 / MMbtu
Net revenue : USD 271 millions
Net Opex : USD 113 millions
Net Capex : USD 82 millions
Net Abex : USD 15 millions
Net Opex/boe : USD 17.83/boe
Net (Opex + Capex + Abex)/boe : USD 33.13/ boe
Net project free cash flows : USD 45 millions


Estimation of CY 2023
Total net production : 16,056 boe/day
Estimated realised oil price : USD 58 bbl/day
Estimated realised gas price : USD 3.6 / MMbtu
Net revenue : USD 246 millions
Net Opex : USD 108 millions
Net Capex : USD 13 millions
Net Abex : USD 11 millions
Net Opex/boe : USD 18.43/boe
Net (Opex + Capex + Abex)/boe : USD 22.52/ boe
Net project free cash flows : USD 81 millions

Posted by tiger2012 > 2022-03-10 00:35 | Report Abuse

petrol bubble.

Posted by bullmarket1628 > 2022-03-10 00:50 | Report Abuse

de

Posted by bullmarket1628 > 2022-03-10 00:50 | Report Abuse

Malaysia will reopen its borders to international travellers on April 1, says PM
By JOSEPH KAOS
Tuesday, 08 Mar 2022 5:44 PM MYT

https://www.thestar.com.my/news/nation/2022/03/08/malaysia-will-reopen-its-borders-to-international-travellers-on-april-1-says-pm

KUALA LUMPUR: Malaysia will reopen its borders to international travellers starting April 1, says Datuk Seri Ismail Sabri Yaakob on Tuesday (March 8).
The Prime Minister said visitors, as well as Malaysian returnees, who are fully vaccinated are not required to undergo quarantine upon arrival.
They, however, must undergo a RT-PCR test two days before departure and a rapid test (RTK) upon arrival.
As for travellers who have not been fully vaccinated, Ismail Sabri said the entry procedures will be explained by Health Minister Khairy Jamaluddin on Wednesday (March 9).
?As part of our ?Transitioning to Endemicity? phase, the government has decided to reopen the country?s borders from April 1.
?This move will revive the country?s economy, especially the tourism industry that has been heavily affected by the pandemic.
?The decision is made based on science and current facts related to Covid-19, as well as the reopening of borders in other countries...

Posted by tiger2012 > 2022-03-10 01:40 | Report Abuse

blood bath tomorrow for oil counters

Posted by OKU_2020 > 2022-03-10 04:35 | Report Abuse

BOOOOO CHOWWWW CCCCCCCCCC
dead rat !

Posted by imvu > 2022-03-10 04:55 | Report Abuse

opening nanti memang seram ..