Posted by marqdesade > 2022-05-25 16:42 | Report Abuse

the counter follows the price of oil. Such good profits but why latest div so small 0.001 only

Posted by papaya > 2022-05-25 16:43 | Report Abuse

short sellers selling followed by retailers(follow blindly).....and big funds happily accumulating cheap sale spender.....kikikikikikih

Posted by AhSook AhKou > 2022-05-25 16:55 | Report Abuse

Under 1.40 is a gd investment for the next 2 qtrs

Posted by BursaVulture > 2022-05-25 16:56 | Report Abuse

Super profit but stock price never fly.... some more went down, why?

Posted by hoot9eonly > 2022-05-25 17:01 | Report Abuse

Bunga hari ini tak cantik, banyak yang tak cantik also.

Posted by hoot9eonly > 2022-05-25 17:01 | Report Abuse

More discount, hoot more ?

Posted by billyrave > 2022-05-25 17:04 | Report Abuse

fair value is rm3.50. oil prices expected to hit usd150 by year end. tunggu apa lagi?

Posted by Mixologist > 2022-05-25 17:16 | Report Abuse

Tomorrow up?

Posted by iPlay > 2022-05-25 17:29 | Report Abuse

............ This is the Elon Musk effect or EV effects....
they said: "With EV, oil is a sun set industry"

Though not true... but Mr Market believe that !!!...... sad sad sad

Posted by Mixologist > 2022-05-25 18:19 | Report Abuse

Promoters quietly sold. Or got caught.

Posted by mokluhanj21 > 2022-05-25 19:00 | Report Abuse

to those lazy to read, there's a Youtube update on the quarterly result:
https://www.youtube.com/watch?v=5ekehJ6d_50&t=5s

Posted by Nepo > 2022-05-25 20:02 | Report Abuse

Bad result

Posted by izoklse > 2022-05-25 20:09 | Report Abuse

Hibiscus Petroleum 3Q net profit soars nearly 10-fold to RM307.54 mil, declares one sen dividend

https://www.theedgemarkets.com/article/hibiscus-petroleum-3q-net-profit-soars-nearly-10fold-rm30754-mil-declares-one-sen-dividend

Posted by izoklse > 2022-05-25 20:12 | Report Abuse

Earnings per share surged to 15.32 sen from 1.76 sen.

Posted by izoklse > 2022-05-25 20:19 | Report Abuse

waiting for the latest price target from IB

Posted by mrcrab > 2022-05-25 20:23 | Report Abuse

Considering only 1 offtake from North Sabah & 2 months Production from new assets, this is consider good result. The real deal is in the next coming quarter.

Posted by colin888 > 2022-05-25 20:27 | Report Abuse

Hibiscus management is really smart. Forward thinking strategy. Sell one offtake this published quarter and monetise all their off takes Apr , May and June. They should be selling them above 100 usd. Thanks to our depreciating Ringgit, we will witness super profits next quarter

Posted by izoklse > 2022-05-25 20:29 | Report Abuse

Yes i think they have to improve in terms number offtake from North Sabah considering premium from this area and benefit from higher oil price. Hope they can improve further in next quarter.

Posted by williamtkb > 2022-05-25 20:30 | Report Abuse

Very good already compare other O

Posted by colin888 > 2022-05-25 20:33 | Report Abuse

The CFO already indicated they want a consistent profits quarterly. This quarter they don’t sell much so recognised the goodwill credits . Next quarter, they should be able to fix the utilisation of the new assets. Make them work more efficiently. Indicated that they are trying to understand the operations at acquisition

Posted by colin888 > 2022-05-25 20:37 | Report Abuse

All indicators are strong but only thing is that we are different! Hopeless companies can limit up and continue to limit up and fake revenue company has so many support from retailers! Malaysia boleh! Boleh apa? I am not sure!

Posted by DatoChiakaLiau > 2022-05-25 21:46 | Report Abuse

How much they sold so far after 3Q? 2.5mil bbl? How much they expect to sell for FY22? 4.6Mil bbl, means last Quarter Apr-Jun they will sell 2.1mil which is equal to Total of last 9 months, Q4 revenue should be RM1.01Bil if oil price stay at $110, MYR 4.4. so how much is PAT with RM1.01B Revenue?

Posted by pang72 > 2022-05-25 21:47 | Report Abuse

Good result always making share tumble.
Is stock market work like this?

Posted by DatoChiakaLiau > 2022-05-25 21:48 | Report Abuse

FY2022 Offtake Schedule Figure 2 below illustrates the latest estimate of the Group’s oil and condensate offtake schedule and gas sales from our producing assets for the Next Quarter and FY2022. As of 31 March 2022, we have sold a total of 2.6 MMboe of oil, condensate and gas net to the Group. For FY2022, we estimate to deliver a total of approximately 4.6 MMboe of oil, condensate and gas, net to the Group.

Posted by kukubesi > 2022-05-25 22:47 | Report Abuse

I am a newbie. Can't brain out why the price move down although the company making a lot of profit.

Posted by speakup > 2022-05-25 22:50 | Report Abuse

it's not a profit actually, it's negative goodwill.

Posted by kakiminyak > 2022-05-25 22:51 | Report Abuse

25-May-2022 31-Mar-2022 297,060 330,399 307,540

The three numbers above are Revenue, Profit before tax and net profit.
Can someone explain why the revenue is so low???
Production has jumped from about 9000 barrels equivalent to 20, 000 barrels per day. So why revenue increase just by 20% from a year earlier before Repsol purchase.
Second question is why the profit declared is so much higher than the revenue???
Apa ini??? Accounting magic kah???
No wonder when the results were announced the share price straight fall and fall.

Posted by chkhooju > 2022-05-25 22:57 | Report Abuse

The QR reported was misleading. They should make it clear and report a spade, a spade.

Posted by kakiminyak > 2022-05-25 22:57 | Report Abuse

Revenue in lay man terms is SALES !!!
If sales increase only 20% when compared to one year ago, it means something is not right. The management needs to clarify. Production jump by 100%++ but revenue increase by only 20%???????
Hello??? Apa ini???

Posted by kakiminyak > 2022-05-25 22:59 | Report Abuse

Ayam sudah kena curi kah???

Posted by colin888 > 2022-05-25 23:03 | Report Abuse

Hey! Already mentioned that producing and selling is a different thing altogether! They extract oil and sell it now! Ok! This published oil average is at USD89! Damn good. They have foresight and will definitely sell more this quarter

Posted by colin888 > 2022-05-25 23:08 | Report Abuse

Just like if you know in the coming months your products will go up in price, you will source more of it, it this case they are extracting more than they sell in anticipation of high oil price! A good management with foresight has acquired Repsol at low price hence they are allowed to recognise negative goodwill. Sapura on the other hand purchased companies at the peak and now suffering! This is hopeless management with 90 mil salary

Posted by colin888 > 2022-05-25 23:09 | Report Abuse

And All of us are bailing them out ! A joke of the 21 century!

Posted by fh2472 > 2022-05-25 23:20 | Report Abuse

Kaki minyak, Q3 revenue was not as high as the production indicated because they kept the oil in the tank and sold most of the volume in the following quarter (Apr, May, Jun) - where the oil price was a lot higher. Good strategy.

Posted by mrcrab > 2022-05-25 23:35 | Report Abuse

Investing is forward looking. The outlook for Hibiscus in the coming quarters is very very promising. They are on the right track.

Posted by mokluhanj21 > 2022-05-25 23:35 | Report Abuse

Just a brief review of latest results: (vs last quarter)
1. In terms of Cash from Operations- grew from RM277 mil to RM616 mil
2. FCF: from RM268 to RM537 mil (disregarding one-off capex)
3. Interest coverage ratio dropped from >9x to 1.6x, in line with increased borrowings from RM19.2 mil to RM183mil
4. Finance cost also grew QoQ from RM20.4m to RM36.9mil

My worry is if the elevated borrowings can act as a source of financial risk. Otherwise, with the buoyant Brent & gas prices, FCF generation should be better going forward, especially as we are waiting from another >2mil bbl to be produced for this Quarter April to June 22.

Hopefully, Management will be extra cautious with capital management.

Posted by fh2472 > 2022-05-26 00:10 | Report Abuse

With 2.1 million boe in Q4 (double Q3 sale volume as most inventory to be monetised and full 3 months FIPC production), higher average oil price by 15%, and higher USD-Myr conversion rate by 5%, it is going to be better results definitely. Pare down the debt and accumulate capital to develop the contingent reserves and higher dividend pls.

Posted by Bobii > 2022-05-26 00:11 | Report Abuse

Production and selling is different thing. You can produce doesn't mean you need to sell immediately. Hibiscus operate by selling oil in batch. This quarter only got 1 offtake, they didn't sell much oil.

Posted by kakiminyak > 2022-05-26 03:17 | Report Abuse

Many good points noted. If they can accumulate the chickens in the coop and sell more at higher price than why not? Sure will be good loh. But i don't think can count chicken or eggs until we see the results in time to come. Which is another 3 months wait. Meanwhile can expect lots of volatility.
My concern for now is the lower sales revenue as compared to the expected triple after Repsol acquisition. Let's not forget it is not so much how much oil you have but how big is the demand and at what price. The price is beautiful but demand? That is now the key. What are the effects of China lockdowns and high price of oil at the pump. I personally have reduced travel to save on the increased expense. many others also doing the same?

Posted by Raymond Tiruchelvam > 2022-05-26 04:41 | Report Abuse

report says expected to produce/sell 4.6m boe as of FY2022, or july 21 - june 22, and since they have sold 2.6m boe as of Q3 cummulative, it means that Q4 alone they will sell 2m boe..... just in 1 quarter !!! Secondly, they sold about 1.5m boe in Q3 and made 15c EPS, that means Q4 EPS will be 20c prorated assume same price..... full year FY2022, thats about 40c EPS and against price of RM1.37 thats P/E of 3.425.... is this correct?

Posted by MichelleNg > 2022-05-26 06:24 | Report Abuse

Output never increase but cost hike. Thus, current share price only have limited upsize range. After big players cash out, may have more adjustmentmore

Posted by williamtkb > 2022-05-26 07:49 | Report Abuse

US start to release reserve oil. Most likely crude oil price going to drop liao. Hold cash better than 1cent dividend.

Posted by UPlanet > 2022-05-26 07:56 | Report Abuse

Come on la!!! Share price up or down, all FULLY CONTROLLED by JPM la!!! They want it up, all positive goodwill explanation will come out! If they want it down for their collection, all negative goodwill reasons will be out too!!! Owners or retailers zero right to say it so!!! Just read the syndicates minds & moves, then can understand more!!!

Posted by Markv572421 > 2022-05-26 09:11 | Report Abuse

Syndicate abviously can see the selling trend yesterday and today

Posted by mrcrab > 2022-05-26 09:13 | Report Abuse

High IDSS volume

Posted by Markv572421 > 2022-05-26 09:14 | Report Abuse

Waiting 1.18 .....

Posted by AlwaysLearn2Invest > 2022-05-26 10:21 | Report Abuse

Many people had already done the bottom catch at around 1.30 yesterday. This is an indication that people are seeing its value and great potential

Posted by AlwaysLearn2Invest > 2022-05-26 10:21 | Report Abuse

let's see the next milestone towards 1.70 and beyond

Posted by Markv572421 > 2022-05-26 10:57 | Report Abuse

No need to see wasting time

Posted by AhSook AhKou > 2022-05-26 11:15 | Report Abuse

I think is gd buy, up to 1.39 and great opportunity to play daily within the range 1.33 to 1.39 for next 6-8 wks .... all the best