Posted by Markv572421 > 2022-05-26 11:16 |

Post removed.Why?

Posted by papaya > 2022-05-26 11:30 | Report Abuse

Markv572421.....you must be punting this stock ....and loss alot yesterday......although you hate this stock still got heart to buy low.....kikikikikikikih......sabar boss

Posted by newbie8080 > 2022-05-26 11:32 | Report Abuse

Some key pointers:
1.Missed expectations – not due to operational/production issues but the unfortunate timing of offtakes in 3QFY22.

2.Revenue was flat while core net profit was down by 28% despite ours and market’s initial expectations of a multi-fold earnings growth QoQ. This is due to a misconception that production volume equals sales volume. For Hibiscus, sales are usually done in batches known as “offtakes”.

3.As production volumes does not equate to sales volumes, we opine that it would be more appropriate to analyse Hibiscus on an annual basis – rather than quarter-to quarter as offtake batches are lumpy and huge in nature, which may deviate or create an earnings vacuum in certain quarters.

4.On a QoQ comparison, 3QFY22 core net profit fell 37% QoQ to RM31mil due to the halving of North Sabah sales volume to 300K barrels as the company managed a single offtake vs. 2 in 2QFY22. Additionally, there was no sales offtake for Repsol asset’s Kinabalu production sharing contract (PSC).

5.We highlight that average daily net production decreased 21% QoQ to 4,695 barrels for North Sabah in 3QFY22 from unplanned production interruptions in January 2022 and an annual planned maintenance campaign in March this year.

6.Likewise, Anasuria also experienced an average daily net production decline of 20% QoQ to 1,983 barrels in 3QFY22 due to a continuing production riser malfunction, which is now expected to be rectified in 3Q2022.

Posted by surewinmoney > 2022-05-26 11:38 | Report Abuse

C20 expired on next Monday, mother kena press down kuat kuat

Posted by newbie8080 > 2022-05-26 11:43 | Report Abuse

Based on key pointer #3
3.As production volumes does not equate to sales volumes, we opine that it would be more appropriate to analyse Hibiscus on an annual basis – rather than quarter-to quarter as offtake batches are lumpy and huge in nature, which may deviate or create an earnings vacuum in certain quarters.

Summary: It will be difficult to determine annual earnings since crude oil prices can fluctuate upwards or downwards of more than 20%-30% within a few weeks. By the time it reaches the offtakes period towards year end, hopefully crude oil remain above USD100pbl.

Posted by Muyutin > 2022-05-26 11:48 | Report Abuse

Got buyer dun wan sell
Who know tomolo long recession

Price drop toUSD60

THEN BUNGA PUN FADING

Posted by birdparadise > 2022-05-26 11:51 |

Post removed.Why?

Posted by rr88 > 2022-05-26 11:52 | Report Abuse

Run. Pancit dy. Tp 1.00.
Without negative goodwill, profit is very low. Money flowing somewhere on cost n expenses. That was why you saw heavy selling yesterday. Up bcause goreng kaki scooped it up to play2 for a while. It is going down. First stop 1.14. Next stop 1.00.

Posted by Markv572421 > 2022-05-26 11:55 | Report Abuse

Good at least got poeple speak up

rr88

Run. Pancit dy. Tp 1.00.
Without negative goodwill, profit is very low. Money flowing somewhere on cost n expenses. That was why you saw heavy selling yesterday. Up bcause goreng kaki scooped it up to play2 for a while. It is going down. First stop 1.14. Next stop 1.00.

Posted by AhSook AhKou > 2022-05-26 11:58 | Report Abuse

Standby time to buy again when hit 1.35 & below and then target to sell at 1.39 & above. Lucky to do it this morning with 4 cts profit per share , wo wo

Posted by newbie8080 > 2022-05-26 12:11 | Report Abuse

@Muyutin

Yes, you're right as witnessed in 2007/2008 financial crisis where crude oil top USD140pbl and slump to USD40 pbl in 6 months.
But the fact is no one can tell this event until it happens.
Besides that, it happens only once in 10-12 years.
You can wait till it happens.

Posted by UPlanet > 2022-05-26 12:24 | Report Abuse

Now, only Mr. Putin know the temporary short term trends!!! US now are trying very damn hard to pull the price of gold(Russia reserve the most), oil & Gas down!!! Unfortunately, the Gas price is exceptional from US controlled where the shipping cost will kill their price if export to Europe!!! So, we can see the Gas price now is in historical high for ‘many times’ already, but the gold and petrol still far from historical high!!! So, let’s see how Putin going to break it??? Wait until winter come???

Posted by i3lurker > 2022-05-26 13:04 | Report Abuse

its a virtual company who refuses to pay you a "Proper" dividend money
but does it have money? to pay dividend in the first place since it refused to pay you a proper dividend?

Virtual Companies who do not exist have extremely low valuations

Posted by i3lurker > 2022-05-26 13:07 | Report Abuse

thats why share price is red
coz smart people do NOT want to own virtual companies that refuses to pay a proper dividend despite good earnings.

in the first place... ... if company refuses to pay dividends..... ... does it really have the cash to pay dividends?

are the earnings genuine?
the proof that earnings are genuine is always the dividend paying ability of the company.

Posted by i3lurker > 2022-05-26 13:15 | Report Abuse

for a 1 sen share

RM0.50 will be a fair price each Hibiscus share

Posted by birdparadise > 2022-05-26 13:31 |

Post removed.Why?

Posted by Markv572421 > 2022-05-26 14:07 | Report Abuse

So how still buying hibiscus ?

Posted by MunChunxX > 2022-05-26 14:27 | Report Abuse

（吉隆坡25日讯）高油价及高产量，带动大红花石油（HIBISCS,5199,主板能源组）截至2022年3月31日业绩走强，第三季净利按年狂飙8.6倍，录得3亿零754万令吉，前期为3202万9000令吉。

首9个月净赚3亿9755万1000令吉，比起前期的5407万8000令吉，猛增了6.35倍。

该公司第三季营业额报2亿9706万令吉，按年走高37.5%；首9个月攀升50.1%，报8亿2815万4000令吉。

派息1仙
大红花石油董事部宣布，派发每股1仙的中期股息，除权及享有日分别为6月22日及23日；付款日则在7月22日。

董事经理肯勒毕雷拉今日在文告指出，公司2022财政年第三季的营运盈利（EBITDA）为4亿340万令吉，而净利则为3亿零754万令吉。

虽面对3.2亿商誉减值
收购FIPC推高石油产量
“年初完成收购Fortuna国际石油企业（FIPC）高质油气资产，使得大红花石油面对3亿1730万令吉的商誉减值。”



https://www.sinchew.com.my/20220525/大红花石油/

Posted by UPlanet > 2022-05-26 14:28 | Report Abuse

Buying whatever always depend on our own needs and target! Just like MK durian, I’m buying lesser when price hiking at 70~100/kg especially early season, and increase buying more n more when price coming to lower 30~60… so can’t always buying one time at the lowest price!!! And selling is about same method too, can’t always sell at the highest price!!!

Posted by AlwaysLearn2Invest > 2022-05-26 14:34 | Report Abuse

there will be so many negative comments coming out these few days until the hibicus-c20 matures on Monday. I think you can guess why

Posted by mrcrab > 2022-05-26 14:42 | Report Abuse

Agree

Posted by mokluhanj21 > 2022-05-26 14:48 | Report Abuse

is the market backward looking or forward looking? I am beginning to ask myself.
yes offtakes in QEnded Mar 22 was less. but does that mean, offtakes are going to remain low for the whole of CY22?
the street is upset that numbers were not delivered. let's hope (and scrutinise) Mgmt to see if they are able to deliver the rest for 6months CY22.

Opex have increased, COF also increased- this indicates they are doing something (otherwise where is all that expense going towards?)

The Street may forgive this past less exciting quarter but if next quarter is also underwhelming, things may be bloody :P

Posted by Markv572421 > 2022-05-26 14:56 |

Post removed.Why?

Posted by value_seeker > 2022-05-26 16:01 | Report Abuse

3lurker

for a 1 sen share

RM0.50 will be a fair price each Hibiscus share

i3lurker has very pessimistic view. Very minimum view on growth. Sad no Mr Negative.

Posted by Primeinvestor > 2022-05-26 18:20 | Report Abuse

one year free cash flow will be RM1.5b, can pay you huge sum of dividend soon, just be patient

Posted by Primeinvestor > 2022-05-26 18:21 | Report Abuse

if payout is 30% RM500m dividend, thats 20% yield, strong hint for you guys first, dont say i din tell

Posted by bullmarket1628 > 2022-05-26 18:37 | Report Abuse

Hibiscus Petroleum 3Q net profit soars nearly 10-fold to RM307.54 mil, declares one sen dividend
Sulhi Khalid/theedgemarkets.com
May 25, 2022 15:35 pm +08

https://www.theedgemarkets.com/article/hibiscus-petroleum-3q-net-profit-soars-nearly-10fold-rm30754-mil-declares-one-sen-dividend
KUALA LUMPUR (May 25): Hibiscus Petroleum Bhd's net profit in the third quarter ended March 31, 2022 (3QFY22) soared nearly 10-fold to RM307.54 million from RM32.03 million a year ago, supported by the newly acquired assets, high average realised oil price, coupled with careful management of costs and efficient operational performance.
Earnings per share surged to 15.32 sen from 1.76 sen.
In a Bursa Malaysia filing on Wednesday (May 25), the oil and gas company said its quarterly revenue jumped by 37.54% to RM297.06 million from RM215.98 million a year earlier.
The group also declared a single interim dividend of one sen per share.

For the cumulative nine months ended March 31, 2022, the group's net profit increased more than seven times to RM397.55 million from RM54.08 million.
Revenue, on the other hand, came in 50.09% higher at RM828.15 million compared with RM551.76 million.
On a quarterly basis, the group's net profit jumped six-fold from RM48.49 million reported in the immediate preceding quarter while revenue increased by 4.45% from RM284.4 million in 2QFY22.
Commenting on the group's financial performance, the group's managing director Dr Kenneth Pereira said this is the first quarter for which the group is reporting operational and financial metrics which include the newly acquired assets and it expects its numbers to further improve in the coming months against a backdrop of strong oil prices.
"Our objective in recent months has been to focus on understanding the newly acquired Repsol assets so that we can operate these safely and efficiently.
"We are also very pleased to be able to continue to reward our loyal shareholders with an interim dividend for the current financial year.
"With the relatively high crude oil prices that we currently see, we hope to be able to close FY22 on June 30, 2022 on a positive note," Kenneth said.
In January this year, Hibiscus through its indirect wholly-owned subsidiary Peninsula Hibiscus Sdn Bhd successfully completed the acquisition of the entire equity interest in Fortuna International Petroleum Corp from Repsol for a purchase price of US$212.50 million (about RM890.06 million).
The company noted in a Wednesday statement that the financial performance of the group has been boosted significantly by the acquisition with the newly acquired assets contributing RM390.1 million and RM334.9 million to the group's EBITDA and PAT respectively. It also added that the fair value when compared against the final purchase consideration for the acquisition resulted in a negative goodwill of RM317.3 million.
Meanwhile, moving forward, the group said it has seen oil prices at various price levels, on some occasions lower and at other times higher than at the current time.
"Through these fluctuations, the group has managed to remain profitable. This is primarily because our average unit production costs for our producing assets have been below the average realised oil price at the relevant times.
"The careful management of costs to maintain low operational expenditure and the successful execution of production enhancement projects are, therefore, key towards achieving low unit production costs.
"Overall, we remained focused on delivering optimal performance in a strong oil price environment," it said in a Wednesday statement.
At noon break, shares in Hibiscus settled three sen or 2.1% lower at RM1.40, giving it a market capitalisation of RM2.82 billion.
Joyce Goh

Posted by i3lurker > 2022-05-26 19:43 | Report Abuse

1 sen dividend ?

pooi
plek

Posted by LouiseS > 2022-05-26 20:01 | Report Abuse

现在交易量极高的石油公司HIBISCUS PETROLEUM ，值得投资吗？
HIBISCUS PETROLEUM BERHAD 2021 年度财报分析
https://youtu.be/hgnfmv6XjcQ

Posted by Sakolim > 2022-05-26 21:39 | Report Abuse

Not sure if anyonr has idea on the avg production in their management presentation show 12k boe, if obly have 80days also 971k barrel. But oil sold only 471k boe. Means there is 500k boe produced in Q3 not sell... 500k boe >RM200,000,000.
Am I right?

Posted by brian3381 > 2022-05-26 22:15 | Report Abuse

Stripping off exceptional items amounting to RM276.2m which includes RM317.3m arising from negative goodwill and impairment of intangible assets of RM44.9m for its Australian assets, Hibiscus Petroleum (Hibiscus) reported core net profit of RM31.3m (-9.3% YoY, 36.6% QoQ) in 3QFY22, on the back of higher revenue of RM297.1m (+37.5% YoY, 4.5% QoQ)

Posted by brian3381 > 2022-05-26 22:15 |

Post removed.Why?

Posted by curiousq > 2022-05-26 22:20 | Report Abuse

game over?

Posted by kahhoeng > 2022-05-26 23:17 | Report Abuse

So long brent crude oil price is above 100 and hibiscus still below 1.50, there is no harm waiting? At least that's what I'm doing now... When's my 1.70???

Posted by bluebayou > 2022-05-26 23:29 | Report Abuse

coming soon

Posted by moneyster > 2022-05-26 23:34 | Report Abuse

the worse the company, the better the stock price wahahaha

Posted by kevinobc > 2022-05-27 00:33 | Report Abuse

https://www.ctvnews.ca/business/who-controls-the-price-of-crude-oil-1.5918486

Posted by regyhl > 2022-05-27 00:43 | Report Abuse

Hibiscus profitable oil fields in the North Sea, UK will have to pay 25% windfall tax for 12 months. https://www.bbc.com/news/business-60295177

Posted by twynstar > 2022-05-27 01:06 | Report Abuse

Excellent write up by Zhang Zuode !!

Must read !!


Hibiscus 3Q22 Review

https://klse.i3investor.com/blogs/ZZD/2022-05-26-story-h1623448629-Hibiscus_3Q22_Review.jsp

Posted by izoklse > 2022-05-27 02:06 | Report Abuse

Aiyo too many bad news.

UK slaps one-off tax on oil and gas giants to ease the pain of soaring household energy bills

https://www.cnbc.com/2022/05/26/cost-of-living-crisis-uk-slaps-windfall-tax-on-oil-and-gas-giants.html

Posted by ks5S > 2022-05-27 06:03 | Report Abuse

oil price 117. super bull

Posted by ZorosInvestFund > 2022-05-27 09:39 | Report Abuse

remember this is a cyclical stock, the key is to sell at the peak, it's not for long term holding

Posted by rr88 > 2022-05-27 09:44 | Report Abuse

Run lar. Dont be stubborn. It will free fall below recent low of 1.29. It is called "downtrend". I do this for a living. I know lah.

Posted by zhangzuode > 2022-05-27 09:49 | Report Abuse

twynstar - thank you very much.

This would be a knee jerk reaction to (uk) windfall tax and other perceived headwind. Cyclical or not, the oil price is not going anywhere "south" based on fundamental. Studying past records, current high prices should last at least 3 years (or more). Why 3 years (minimum), because it will take that long to increase supply (FID, design, fabricate, install and drill wells) to match demand that is showing no signs of slowing.

Posted by paktua73 > 2022-05-27 10:50 | Report Abuse

paktua back swing here..
done eat at rm1.31..

with profit from serbdk n sapura..
with fund will use here is rm350k..
now already use rm150k
hold 114k unit share on hand..

estimated throw back above rm1.48..


tut tut
back play here

Posted by zhangzuode > 2022-05-27 11:20 | Report Abuse

Again back to fundamental - even the shale oil players are also facing issues: https://oilprice.com/Energy/Crude-Oil/Permian-Frackers-Blame-Supply-Chain-Bottlenecks-For-Stymied-Growth.html

All these are not going to be resolved tomorrow. It all takes time. So oil price will remains elevated.

Posted by hoot9eonly > 2022-05-27 11:43 | Report Abuse

Drop everyone complaint , up that time no one praise also ... lol

Posted by hoot9eonly > 2022-05-27 11:44 | Report Abuse

This flower is red but is good... just share price red few day only. Relaxx

Posted by bu4567 > 2022-05-27 11:44 | Report Abuse

putin said 500 dollars oil

Posted by searchingmoney > 2022-05-27 12:08 | Report Abuse

Tukang goreng mari...

paktua back swing here..
done eat at rm1.31..

with profit from serbdk n sapura..
with fund will use here is rm350k..
now already use rm150k
hold 114k unit share on hand..

estimated throw back above rm1.48..


tut tut
back play here