@nazrzach .... no thats not correct, q3 showed overall profit of 307m, which includes 317m gain of -ve goodwill (as IFRS says any -ve goodwill shd be charged to profit and loss account). Therefore to get to the "real" profit before -ve goodwill, its 307 - 317 = -10.... but mngt justified this loss by saying that they were short of 1 offtake which did not take place, otherwise i guess it would have been perhaps 20-25m profit. Remember q3 only sold about 500,000 boe, which is low, in the whole of q1-q3 total sales was 2.6m boe. Lastly, mnt forecasts that they will sell 2m boe in q4. This q4 sale will most probably (unless brent crashes in June) be at higher per unit sale compared to q3 and previous quarters. Hope this is clear.
Again.... Not moving despite good QR results... This is Elon Musk effects..... "EV does not need fuel"..... 'Oil is sun set industry' they said!!! ..... wtf ( *** I have invested in Hibi too, currently)
Actually, crude oil above USD100 pbl is already very profitable for o&g companies. Whether is USD110 or USD120, it's matter of earning more or a lot more.r In view that, 2 major o&g companies ; Serba and Sapura have collapsed, that leaves the investing community with only Yinson, Dialog, and Hibiscus in Bursa.
@skynet2022, In Malaysia, Hibiscs is as the same top tier as other oil operating company e.g Murphy's oil, Carigali-Hess, Shell Sabah, PTTEP, Petronas Carigali and etc. I was from oilngas industry [upstream] where other ppl commute to work by car, we commute to work by heli or OSVs. Hibiscs has expertise to turn brownfield blocks to greenfield unlike Petrofac UK. You will learn more about oilngas Exploration & Production here. Many analysts foresee crude oil and natural gas will either remain at elevated level or even go higher. Everyday, crude oil goes up, this will increase daily revenue for hibiscs. Lets see if hibiscs can end FY22 with revenue MYR1.6bil.
President Joe Biden’s planned visits to Saudi Arabia and Israel later this month have been postponed until July, several officials told NBC News on Friday. Biden’s plans to visit Saudi Arabia came under swift scrutiny given that the president’s own past comments about the oil-rich country. On the campaign trail, Biden promised to treat as a “pariah” following the killing of journalist Jamal Khashoggi in the Saudi Consulate in Istanbul. The CIA concluded in 2018 that Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, had ordered Khashoggi’s killing.
Come winter 2022 in a few months............jeng, jeng, jeng.......Russia would have no need for Russian Roulette. USA is already in panic mode and planning 5 months ahead.
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 265 views | 1 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 465 views | 5 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
Nepo
3,367 posts
Posted by Nepo > 2022-05-31 21:52 | Report Abuse
https://tw.news.yahoo.com/%E5%8F%B0%E7%A9%8D%E9%9B%BB%E5%B0%BE%E7%9B%A4-271-%E5%84%84%E8%B2%B7%E7%9B%A4%E6%8B%89%E5%8D%87-%E8%B2%A2%E7%8D%BB%E5%8F%B0%E8%82%A1-116-%E9%BB%9E-072955430.html
It is Taiwan news, but the same apply to Malaysia