Posted by Nepo > 2022-05-17 08:18 | Report Abuse

Hi, any veterans here can explain the reasons when the price of WTI crude oil is higher than Brent crude oil?

Posted by bullmarket1628 > 2022-05-17 09:25 |

Post removed.Why?

Posted by birdparadise > 2022-05-17 09:27 |

Post removed.Why?

Posted by BeeNeutral > 2022-05-17 09:31 | Report Abuse

Waiting for a meaningful breakout

Posted by KingKong_Doll > 2022-05-17 10:06 | Report Abuse

Ho seh Liao. Can wait for it to reach 1.80. it will be one of my best return of investment.

Posted by bullmarket1628 > 2022-05-17 10:07 | Report Abuse

I think now O & G counters start booming is because the election is coming soon, market has to be hot hot only people can vote them to Win...

For those party whom can make market spike up like as 1990-1997 crazy hot stock market period, I will vote he/she Win !

Heng ah, Ong ah, Huat ah !

Posted by birdparadise > 2022-05-17 11:15 |

Post removed.Why?

Posted by kahhoeng > 2022-05-17 11:26 | Report Abuse

lets cross 1.50 today so I can start question when's my 1.70...

Posted by TehBeng > 2022-05-17 12:58 | Report Abuse

1.50 possible ?

Posted by mokluhanj21 > 2022-05-17 13:19 | Report Abuse

People need to stop punting and start calculating the FCF from this company. When the market starts seeing this, even the analysts will be surprised.

Posted by Titanium > 2022-05-17 13:24 | Report Abuse

@TehBeng, Depends who you ask. If apple 168 or rr, they will tell you below RM 1 soon. If you ask the Dr. Kenneth, the CEO....he just close his mouth and Um chiew. He a'dy says, wait till end of the month. The results should be optimistic.
To me, they have perform well when price is at $70+. I can't see any reason how they can screw up when it is at 90+ 100+ & 110%.

Posted by Nepo > 2022-05-17 13:33 | Report Abuse

probably can get bonus shares 10:1

Posted by izoklse > 2022-05-17 13:51 | Report Abuse

Alhamdulillah. keep on going up Hibiscus until RM 2. This coming quarter result will be Amazing and super profit and revenue.

Posted by nono_hardi > 2022-05-17 14:24 | Report Abuse

open UP

Posted by birdparadise > 2022-05-17 15:14 |

Post removed.Why?

Posted by billyrave > 2022-05-17 15:45 | Report Abuse

foreign funds are just starting to accumulate

Posted by nono_hardi > 2022-05-17 15:51 | Report Abuse

come come up up up sommore

Posted by nono_hardi > 2022-05-17 15:51 | Report Abuse

1 hr to go

Posted by hoot9eonly > 2022-05-17 16:42 | Report Abuse

Nice spike today

Posted by hoot9eonly > 2022-05-17 16:42 | Report Abuse

Best flower in Malaysia

Posted by VenFx > 2022-05-17 16:46 | Report Abuse

Nicely Bunga merah
I partially profit 2/5 of my position dulu.
Since , shortem break 1.45 , feel happy sudah.

The rest waiting above 1.65
WISH ME LUCK YAA

wait till my neck really tired

Posted by DatoChiakaLiau > 2022-05-17 19:06 | Report Abuse

QR expecting the expected in line with Global Oil companies massive profit. RM2.00 is minimum, last call to buy.

Posted by izoklse > 2022-05-17 19:10 | Report Abuse

Yes if believe so massive profit and huge revenue increase and this time respol will be included. Remember they not only have oil but also gas. So you can imagine. Possible higher share price and also generous dividend or bonus. Let see how far i can go.

Posted by myongcc5 > 2022-05-17 20:23 | Report Abuse

Hi Venfx,
Wish U the best.
Fyi, I locked in before end of last year, added in along the way. May keep till 2023 if crude above 80

Posted by bullmarket1628 > 2022-05-17 21:29 | Report Abuse

Tommorrow Hibiscs will be opened at=>RM1.60 (+0.13)(+8.8 %)
and closed at=> RM1.80 (+0.33) (+22.4 %)

it will continue to spike up to RM2.00, RM3.00, RM5.00, RM7.00 and above ...
Then everyone only will get a big cake mah !

Heng ah, Ong ah, Huat ah !

Posted by DickyMe > 2022-05-17 23:02 | Report Abuse

BRENT CRUDE - $140 soon!

Posted by iPlay > 2022-05-17 23:27 | Report Abuse

Brent $115 and going.....
Hibi QR will be superb.

Posted by VenFx > 2022-05-18 00:13 | Report Abuse

myongcc5

Hi Venfx,
Wish U the best.
Fyi, I locked in before end of last year, added in along the way. May keep till 2023 if crude above 80

Me: Sounds good bro.I do hope bunga raya will hit all the way Up and trust its next qtr to be explosively, standby champagne to celebrate on 1.65 perhaps soonly

Posted by Proff P... > 2022-05-18 02:34 | Report Abuse

Let keep upward momentum going. 116% profit so far since I bought HIBISCS around this time last year. Well Done HIBISCS team management.

Posted by Titanium > 2022-05-18 07:58 | Report Abuse

Will today break 1.50??? hehehe.....
I think super inflation is coming. News reported in June, most food will raise by another 60%. Keeping my hibiscus to hedge against the inflation. Any other stock in mind that can hedge against inflation. I know many says plantation. I'm not familiar with plantation especially with the labor issue, fertiliser, logistic cost and lastly most of them in Indonesia and not sure is Malaysian company operate in Indonesia also subject to the no exporting.

Posted by zhangzuode > 2022-05-18 09:25 | Report Abuse

Proff P, congratulation to you and the others who invested about same time should be reaping >100% return.
Question now, would it double again to 3 (2x1.5) within 12 months?

Posted by kahhoeng > 2022-05-18 11:13 | Report Abuse

it's not yet crossing above 1.50, but can I start asking when's my 1.70?

Posted by mokluhanj21 > 2022-05-18 11:20 | Report Abuse

@titanium yes conceptually plantation should be able to hedge against inflation. however, be cautious on each company's size of hedging of forward contracts (ie lock yesterday's price for tomorrow's selling price)
i got in one company for the macro but the mgmt screwed up by overhedging. in this buoyant market, naked price is syiok .

Posted by Titanium > 2022-05-18 11:43 | Report Abuse

Good point. Never occur to me some company might have have already lock in their produce on a future contract. So, with current rise of CPO price, they won't be able to benefit much. But it goes both was as well. If the price tank, at least they have sold. Can't have best of both world.

Posted by myongcc5 > 2022-05-18 15:17 | Report Abuse

If not because of increased systematic risk like interest rate hike, inflation, currency exchange manipulation, equities mkt worldwide will not fall into the doldrum like now. Otherwise, Hibiscs shid be at least 2 by now. EPS fr coming qtr shid be at least 7 sens

Posted by zhangzuode > 2022-05-18 15:58 | Report Abuse

myongcc5 - 7 sens, very bullish. This includes negative goodwill and the likes?

Posted by kahhoeng > 2022-05-18 16:04 | Report Abuse

when's my 1.70? I'm so excited...

Posted by rr88 > 2022-05-18 16:08 | Report Abuse

TOPPISH. Its called a SLOW MOTION TOP. Slow motion uturn coming then downward acceleration. Make or lose or breakeven, get out! The earlier you escape, the better.

Posted by myongcc5 > 2022-05-18 16:21 | Report Abuse

Zhangzuode, All in. Not really bullish given the price of Brent n production from Repsol.

Posted by myongcc5 > 2022-05-18 16:27 | Report Abuse

Based on 2012m shares. 7 sens = 140m.

Posted by ks5S > 2022-05-18 18:10 | Report Abuse

profit 150 MIL. dividend 3 sen

Posted by twynstar > 2022-05-18 18:59 | Report Abuse

When’s my RM 3.00 ??

Can hibiscus reach RM 3.00 within 12 months ??

According to latest Hong Leong Investment Bank research, published on 9th May 2022, for FY2023 ( July 2022 - June 2023), assumptions :

1) average realised crude oil price for FY2023 = USD 90/bbl
2) net production for FY2023 = 23,380 bbl/day
3) revenue RM 2628m, EBITDA RM 1565m, net profit RM 626m
4) cash RM 714m , debt = zero

If share price RM 3.00 , total share 2012m, market cap should be RM6,036m

How to evaluate hibiscus ?

1) Price to Earnings Ratio (PER) method
PER for FY2023 = market cap / net profit = 6036 / 626 = 9.64

2) EV / EBITDA method
EV = Enterprise Value = Market cap + Total debts - cash
EV / EBITDA = ( 6036 + 0 - 714 ) / 1565 = 3.4

3) EV/ 2P reserves method
EV = Enterprise Value = Market cap + Total debts - cash
USD to MYR conversion rate = RM 4.1
Latest 2P reserves = 77.3 million boe
EV = 6036 + 0 - 714 = RM 5,322m = USD 1,298m
EV/ 2P reserves = 1298 / 77.3 = USD 16.8/boe
If compared with EnQuest = USD 12/ boe.
Range of EV/ 2P reserves for other medium E&P companies in Norway and UK = USD 13.6-31.1/boe

Conclusion : If the local and foreign fund managers are willing to evaluate hibiscus at PER around 10, EV/EBITDA around 3, and EV/ 2P reserves around 17 , hibiscus has possibility to reach RM 3.00 in FY2023

Posted by zhangzuode > 2022-05-18 20:58 | Report Abuse

twynstar - thank you for the comprehensive insights.

Posted by ks5S > 2022-05-18 21:19 | Report Abuse

no 2.00 no sell

Posted by Trevor777 > 2022-05-18 23:16 | Report Abuse

Hahaha..looks like from the generosity of Hibby, you'd be getting free Twynsta (BP meds), Lipitor (cholesterol) and even cardiprin (blood thinner) for life !

Posted by Titanium > 2022-05-19 07:39 | Report Abuse

The summer holiday is coming in US. It is about 1 month time from now. Can expect hell a lot of travelling going on for the next 3 months. The demand will increase significantly. If now already deficit, I couldn't imagine how much more it could be short.

Posted by rr88 > 2022-05-19 08:36 | Report Abuse

New york free falling, oil collapsing. Told u toppish.
Cut all qs n dump to buyers 4 sec b4 market open.

Posted by BeeNeutral > 2022-05-19 10:25 | Report Abuse

Not surprised if it closes over 1.5 today as the the QTR result is very likely to be out this week or next week

Posted by Titanium > 2022-05-19 11:12 | Report Abuse

Hahah....rr, thought u dump all at 1.35 and waiting for 1.30 ma. If follow ur advise, I make less 10c a'dy.
Already said, no need expect brent to be above 110. $90 to $100 already ciak beh liao. . No 1.80 also no consider selling. Furthermore now brent still $110. Half quarter production selling at $105 to $110. Don't forget Sabah oil sell on premium some more.

Posted by newbie8080 > 2022-05-19 11:15 | Report Abuse

Wait for results to determine the outcome to top up or reduce holdings