Posted by DragonG > 2022-05-05 09:40 | Report Abuse

M+ Online Technical Focus - 5May22
Hibiscus Petroleum Bhd: Riding on the upcycle of crude oil prices

Trading Catalyst
• Malaysia’s first public listed independent oil and gas exploration and production firm, focusing on the development and production of oilfield assets in United Kingdom, Malaysia and Australia.
• The completed acquisition of Repsol Exploración SA assets will generate more than double of its daily production to 23,000 bdp.
• One of the prime beneficiaries under the high crude oil prices environment (Brent oil price is hovering above USD100/bbl).
• Technically, price has formed a flag-formation breakout above RM1.25, targeting the next resistances at RM1.30-1.38 with long term target set at RM1.50.

Technical View

(i) HIBISCS (S: RM1.16, R: RM1.30-1.38, LT TP: RM1.50, CL: RM1.15)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

Source: Bloomberg, M+ Online

Posted by derrtan > 2022-05-05 11:23 | Report Abuse

the natural gas surge like multiple year high!! does this benefit Hibiscus or hibiscus already have contractual price with client?

Posted by bullmarket1628 > 2022-05-05 11:54 |

Post removed.Why?

Posted by HungryLokLok > 2022-05-05 12:02 | Report Abuse

meriah meriah hibiscus

Posted by HungryLokLok > 2022-05-05 12:02 | Report Abuse

all back from raya ?

Posted by VTrade > 2022-05-05 12:12 | Report Abuse

Hengyuan lagi meriah
Open house

Posted by flyinv > 2022-05-05 13:06 | Report Abuse

its time already for a new high.

Posted by MunChunxX > 2022-05-05 13:32 | Report Abuse

hahaha entire o&g all buka open house

Posted by kahhoeng > 2022-05-05 14:33 | Report Abuse

when can I enjoy my 1.50?

Posted by KingKong_Doll > 2022-05-05 15:20 | Report Abuse

now steady at 1.35 a'dy. I can smell the 1.50 getting very near.....lol....

Posted by kahhoeng > 2022-05-05 16:13 | Report Abuse

petron and hengyuan are both refineries and yet they are rising more than hibiscus today with a rising crude oil price, what a joke!

Posted by kokchengkai > 2022-05-05 16:49 | Report Abuse

petron n hengyuan buy expensive material to do refineries ,n government still control the 95 oil at 2.05 ..
except gov got plan to let the oil free flow according brent oil price like what najib do before..
hengyuan potential go RM15 if the same history happend..

Posted by VTrade > 2022-05-05 19:11 | Report Abuse

Washing washing… up up

Posted by kahhoeng > 2022-05-06 09:04 | Report Abuse

Over the past 1 month, hengyuan's share price, a refiner, rises more than 50% on a bullish oil market while hibiscus, an oil field owner, sees only less than 20% rise in share price, what a joke!

Posted by UPlanet > 2022-05-06 09:33 | Report Abuse

No joke la! More retailers hold counters difficult to go up!!! Syndicates strongly controlled! Hengyuan not many retailers left, of course rocket up la. Hibiscus consider good performance if compare Reach worst..

Posted by Hwai Hooi > 2022-05-06 10:13 | Report Abuse

coming

Posted by zhangzuode > 2022-05-06 10:18 | Report Abuse

Congratulation kahhoeng on your performance at Hengyuan. Well done.

Posted by james70 > 2022-05-06 12:25 | Report Abuse

Hibiscus looks to be breaking out of the saucer pattern that began from Sep2018. Long term TP objective is RM2.50.

Posted by VTrade > 2022-05-06 12:35 | Report Abuse

After 1.41 will fly higher, if

Posted by VenFx > 2022-05-06 13:00 | Report Abuse

streadily boon bibi
1.45 can ?

Posted by kahhoeng > 2022-05-06 13:16 | Report Abuse

zhangzuode, I don't have hengyuan, only hibiscus this round.

Posted by Hwai Hooi > 2022-05-06 14:37 | Report Abuse

go go go~

Posted by birdparadise > 2022-05-06 14:42 |

Post removed.Why?

Posted by hoot9eonly > 2022-05-06 15:14 | Report Abuse

Hengyuan HIbiscus Sambut bersama bersama

Posted by hoot9eonly > 2022-05-06 15:14 | Report Abuse

Heng Ong huat Ah

Posted by Hwai Hooi > 2022-05-06 15:34 | Report Abuse

break 1.4

Posted by TheTruthHurt > 2022-05-06 15:38 | Report Abuse

Heng ah for at least another 2-3 quarters

Posted by kahhoeng > 2022-05-06 15:45 | Report Abuse

Hope I can start wondering when's my 1.70 soon instead of keep hoping to see 1.50...

Posted by tiger2012 > 2022-05-06 15:50 | Report Abuse

FLY TO THE SKY. I BUY 200 LOTS AT 1.4

Posted by Phoebe > 2022-05-06 16:10 | Report Abuse

Shell reported explosive earning. Hibiscus should be the same. Another 3 weeks to go. Just be patient

Posted by birdparadise > 2022-05-06 16:19 |

Post removed.Why?

Posted by kokchengkai > 2022-05-06 16:41 | Report Abuse

hibiscus only sell Oil n Gas not involve in other bisnes...
in tis period .it is the only company in BURSA can comlan7firm outperform profit in coming QR ...

Posted by meistsk3134 > 2022-05-06 17:16 | Report Abuse

shit no buy this yesterday

Posted by Lish69 > 2022-05-06 17:21 | Report Abuse

Tiger bro holy shit

Posted by Windy1974 > 2022-05-06 17:40 | Report Abuse

Crouching tiger comment on 14th March when price was 1.11. Not sure whether i should be happy or not to see people like that pop up again


Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Mar 14, 2022 11:48 AM | Report Abuse

the current price already factored in repsol. stop dreaming. hold longer more losses

Posted by Windy1974 > 2022-05-06 17:42 | Report Abuse

Tiger 2012. You repented?

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

Feb 22, 2022 3:10 PM | Report Abuse

Public bank TP RM1.31 means now must run. no room d.

Posted by VenFx > 2022-05-06 20:41 | Report Abuse

Nice closing

Posted by Moneymore > 2022-05-06 22:44 | Report Abuse

1.7 is easy target, buy now hold for another 2-4 weeks.

Posted by virust > 2022-05-07 07:21 | Report Abuse

What happened when crude oil price keep going up?

Upstream O&G – pure upstream player Hibiscs is the first beneficiary in near term and share price already up more than 100%.

Downstream O&G – Hengyuan, PetronM and Petdag started to augur some profit as the rise of oil product spread price. Those share prices up 20 to 50% and need to take note that both Hengyuan and PetronM is pure downstream player.

O&G service provider – Dayang, Waseong, Penergy, Deleum, Uzma, Carimin and RL will be the last beneficiary with promising contract awarded from PETRONAS. Those share prices is on the move.

We are on the USD100++ Crude oil era which happened 10yrs ago couple with high inflation

Posted by izoklse > 2022-05-07 07:26 | Report Abuse

Heading for RM 2 with super profit. Pure Upstream oil & gas player. Both Oil and Gas price now rocketing. Plus another round of dividend due to super profit and earning.

Posted by zhangzuode > 2022-05-07 08:51 | Report Abuse

Here is a take on the perennial discussion on "Buy & Hold": https://www.zerohedge.com/markets/buy-and-hold-investing-it-one-size-fits-all-solution

Posted by zhangzuode > 2022-05-07 08:53 | Report Abuse

Virust - while I share some of the enthusiasm, have you consider the possibility of crude oil price may also go down? If not, why not.

Posted by HuatlaiOnglai > 2022-05-07 14:05 | Report Abuse

Downstream players will be pressured to mange cost in a high price environment. Only the upstream and its contractors will enjoy a bumper period when oil price is high.

Posted by derrtan > 2022-05-07 21:13 | Report Abuse

the only counter that directly and proportionally benefit from high oil price!!!

Posted by VFTRADER > 2022-05-07 21:54 | Report Abuse

If can hit EPS 30sen per yr,
then 10% payout for Div = 3sen....
20%=6sen.....

Big shareholders mainly waiting for handsome dividend.

Posted by iPlay > 2022-05-08 12:39 | Report Abuse

Any estimate of the coming QR ? which is around May 18? Thanks

Posted by hoot9eonly > 2022-05-08 15:06 | Report Abuse

Monday continue the game

Posted by Bobii > 2022-05-09 08:46 | Report Abuse

https://www.theedgemarkets.com/article/hlib-starts-coverage-hibiscus-target-price-rm185

Posted by Bobii > 2022-05-09 08:47 | Report Abuse

Hong Leong bank target price Rm1.85. they assume oil price at 90usd only . But clearly it is much more

Posted by rr88 > 2022-05-09 10:17 | Report Abuse

Subject: Hibiscus Profit Projection 2022/2023

Feb 2021 oil usd 55 profit 36mil
Nov 2021 oil usd 72 profit 48mil
Feb 2022 oil usd 89 profit = 60 mil

May 2022 oil usd 89 profit = 60 + 60= 120 mil (profit will double due to contribution from newly acquired repsol production facilities)

Annualised = 120 x 4 = 480 mil
Total shares = 2,000mil

Eps 2022/2023 = 480/2,000 = 24 cents/share

At 10pe Fair Value = rm2.40

At oil usd100 – 120, share price fair value is 25% higher at rm3.00, there about.