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?
@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 .
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.
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
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.
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
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 !
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.
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.
Let me again be your fake technical analyst for the day. Hibiscus has broken previous resistance at 1.38 and holding above the resistance level for now. Barring oil price sharp correction, Hibiscus is expected to scale new heights. As to when it would reach another meaningful resistance, use volumes from end of Feb to mid March as a guide. Don't trust technical analysts, they can always twist and turn like fortune tellers.
Just be a bit patient. Q1 22 results will be very good, but Q2 22 results will be marvelous.. I reckon RM150mill and almost RM400 mill respectfully.. I believe they are pumping more than they indicated..Close to 30000 barrels a day.. Oil price for Q2 for them will average over US$115 a barrel and USD also now 4.4.. Profit margins also increase as oil goes up, for every dollar of profit above operation break even around 40% is tax bit the rest is pure profit. If you do the math for Q2 you might surprise yourself
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zhangzuode
244 posts
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?