Posted by kahhoeng > 2022-06-17 09:37 | Report Abuse

instead of seeing 1.70, I'm seeing 1.06 low when brent is above 115...

Posted by paktua73 > 2022-06-17 09:38 | Report Abuse

alaa rr88 biasa laa..
rugi untung dalam trading..


tut tut
tapi belom give up fight

Posted by colin888 > 2022-06-17 09:38 | Report Abuse

By June 28, will be below 1!

Posted by Nepo > 2022-06-17 09:52 | Report Abuse

what happened today? due to CW22?

Posted by slts > 2022-06-17 09:53 | Report Abuse

panic selling while fundamentals r improving wtf

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

Probably it is final press before shooting up..

Posted by meistsk3134 > 2022-06-17 10:16 | Report Abuse

recession
and US stock down
so most counter drop?

Posted by colin888 > 2022-06-17 10:43 | Report Abuse

Market sentiment is bad! Bear market and no point averaging down now when you can buy cheaper! Russia is concluding the war on Donbass region and May be ending the so called special military operation. If that materialised , crude will correct and Habis cus will habis . Secondly, we have CIMB the huge market market suppressing the mother share to avoid paying cash when it is due June 28. Huge subscription on CW22. Must push to below 1 to avoid paying. My 2 cents. Too many bad sentiments going on now. Chart for Habis is not good . Period.

Posted by Nepo > 2022-06-17 10:49 | Report Abuse

Thanks @colin888 explanation. salute

Posted by derrtan > 2022-06-17 11:09 | Report Abuse

ending war will not end the sanction. mainly is due to the global inflation and also general election its gonna come, MOU end august and it is going to be a mess!!

Posted by slts > 2022-06-17 11:37 | Report Abuse

cut loss already than telling stories of recession n war ending soon, following KYY style wtf

Posted by slts > 2022-06-17 11:42 | Report Abuse

anybody wan to hear my 1 sen view, its cheaper by 1 sen

Posted by nazrzach > 2022-06-17 11:42 | Report Abuse

Game Overrrr...
5199 is now in bear territory
Have fun.

Posted by TheTruthHurt > 2022-06-17 12:02 | Report Abuse

Agree with Colin888. Also sanction againts Russia will not end post war. That being said weaker overall market sentiment and upcoming election provide shaky base for Bursa. Moment to trade with extreme care.

Posted by Nepo > 2022-06-17 12:36 | Report Abuse

yes I want to hear sLts one cent view.
pls share u opinion,

Posted by derrtan > 2022-06-17 13:10 | Report Abuse

Now is sentiment...not fundamental...with the oil price >USD100 and the currency >4.4x...Hibiscus will earn like crazy!! mark my word, looking at the situation maybe it will test close to Rm1 region before bounce back... this sentiment is temporary and expect a lot buyer near RM1

Posted by searchingmoney > 2022-06-17 15:03 | Report Abuse

I think Hib moving closely with Hengyuan...

Posted by GoodBoy > 2022-06-17 15:13 | Report Abuse

Hibiscus share price go below 1.00 by next week ? ... Can reach 0.80 ? ...

Posted by curiousq > 2022-06-17 16:15 | Report Abuse

retailers no holding power .... cannot already ......

Posted by flyinv > 2022-06-17 23:03 | Report Abuse

Bursa not robust market..short selling should not been introduced in bursa..SC should suspend this activity when market is volatile...as usual, nothing is being done to regulate the market..

Posted by flyinv > 2022-06-17 23:06 | Report Abuse

kudos to our bolehland

Posted by nazrzach > 2022-06-17 23:41 | Report Abuse

@derrtan,
Hibiscs are overwhelmed by organized short sellers syndicate. Everytime there is bad news, hibiscs dives 10sen easily. Whereas hibiscs struggles to make 1sen gain on a good day. Look at DNeX. DNeX never recover until now.
Market negative sentiments actually has no effect on Hibiscs earning. Hibiscs now running at 5x more than last year capacity and at a price 2x more than last December.
Its The End for Hibiscs, Derrick.
Hibiscs may propose a split share 1 to 4 in near future. If they don't, Hibiscs share will drop further to 70sen level by the end of June.
Once any stocks fall in bear territory, they need 6 to 9 months to recover.
Hibiscs BOD doeant even concern their market cap shrunk as much as 30% within 3 weeks. Thats how bad we mean to them.

Posted by rr88 > 2022-06-18 00:55 | Report Abuse

He he...oil dropped 7 dollar now to 112. You all mati la. I told u dy its on downtrend n will hibernate below 1.00 with no rebound.

Posted by Mixologist > 2022-06-18 07:02 | Report Abuse

“Thank you. Try again.”

Posted by slts > 2022-06-18 07:11 | Report Abuse

keep cutting losses to buy cheaper. than cut again when loss. eventually 90% of u will disappear from the mkt. how many of u are good mkt timers . u cut when there is a shift in fundamentals

Posted by investor2021trading > 2022-06-18 08:07 | Report Abuse

Oil Nosedives on Fed Inflation Actions
Oil fell the most in three months due to Federal Reserve Chair Jerome Powell doubled down on his determination to curb the hottest inflation in decades with more aggressive rate hikes. For the first time, raising interest rates could result in an economic downturn and could blunt energy consumption. In the long run, supplies still look tight, market participants said.

Posted by nazrzach > 2022-06-18 14:25 | Report Abuse

@rr88, mati?! No. You are not even close. We just nees to step up in our effort to get support beyond our shores. I already done that. Lets see if this works.
@slts, Agree. Investors with good knowledge in finance, investment always look in any company there are interested in before they put their money in them. They go for long. They dont cut loss. The smart ones, they switch their trading strategy to make up their Gross Investment.
Those who like to buy cheap, now you have it. And have fun.

Posted by derrtan > 2022-06-18 14:52 | Report Abuse

@nazrzach your statement have no logic.

Posted by nazrzach > 2022-06-18 17:40 | Report Abuse

@derrick, I admire your fighting spirit. I really do. I wish you all the best.

Posted by hoot9eonly > 2022-06-19 01:59 | Report Abuse

No more show ?

Posted by twynstar > 2022-06-19 18:14 | Report Abuse

Why should value investors buy hibiscus at RM 1.00 (market cap RM2b) ?

1) At RM 1.00, EV/2P valuation of hibiscus is around USD 5.5/barrel. FYI, EnQuest's valuation is around USD14/barrel and other peer comparisons average USD18/barrel. Dialog just bought Pan Orient Energy Corp (POEC) with a valuation of USD16.2/barrel recently.

2) For Q4FY2022, hibiscus plans to sell 2,076,751 boe of oil and gas, with estimated revenue of RM 800m and net profit of RM 150m-200m. By the end of 31/03/2022, hibiscus had unrestricted cash of RM 273m. It is safe to estimate hibiscus will has unrestricted cash of RM 400m by 30/06/2022

3) With capex ( Repsol + North Sabah + Anusuria) of RM 330m - RM 450m per year, Maybank and HLIB estimate hibiscus will generate free cash flow of RM 400m-RM 700m per year for FY2023 and FY2024. I wont surprise hibiscus will generate total unrestricted cash of RM 1.5b by 30/06/2024, ( excluding capex for Teal West and Marigold Project).

4) Big shareholder, Datuk Micheal Tang bought total of 10,792,100 shares in between 18/02/2022 - 14/03/2022, with share price at least RM 1.10.

As a value investor, if you plan to hold hibiscus for at least 3 years, RM 1.00 will offer a very good entry point.

Posted by straightarrow > 2022-06-19 20:01 | Report Abuse

@tywnstar thanks for the heads up.

Posted by nazrzach > 2022-06-20 08:45 | Report Abuse

OPEC Basket price as at last week .... USD118boe
Brent crude oil opens higher this morning and still climbing.
US SPR running low and forecast to fall beloq 300milboe by October.
Ukraine - Russia conflict with no end in the near future. Prepare for a long war- Boris Johnson
US dollar getting strong and this benefit US contract holders esp Hibiscs.
Many Asian countries recorded slight increase in inflation contrary to US, EU and UK.

Posted by Windy1974 > 2022-06-20 09:27 | Report Abuse

Does it mean i am smarter than Michael?
BOught Friday at 1.07 and this morning managed to get 1.02.
However, with current market sentiment, i won't dare to claim this gonna be the bottom. If it breaks and closed below 1.00, more downside coming

Posted by hoot9e996 > 2022-06-20 09:36 | Report Abuse

only buy at rm1, see can break or not.....

Posted by hoot9e996 > 2022-06-20 09:39 | Report Abuse

well qued at rm1... so fast get.....

Posted by Nepo > 2022-06-20 09:44 | Report Abuse

omg, cut loss loss

Posted by hoot9e996 > 2022-06-20 09:50 | Report Abuse

see how now, already broke rm1
BREAK lagi all scared cabut dulu

Posted by derrtan > 2022-06-20 09:59 | Report Abuse

hope to get more below RM1. cheap sales. 50% load up

Posted by hoot9e996 > 2022-06-20 10:08 | Report Abuse

just prepare multiple bullets for different entry points. no reason to buy at support price cut lower and lower

Posted by hoot9e996 > 2022-06-20 10:13 | Report Abuse

damn maybe lucky bought so CHUN at bottom??

Posted by derrtan > 2022-06-20 10:14 | Report Abuse

damn...not load enough!!

Posted by Stayhomemum > 2022-06-20 10:22 | Report Abuse

lucky catch for you, i didnt' get it !
Posted by hoot9e996 > 42 minutes ago | Report Abuse

well qued at rm1... so fast get.....

Posted by paktua73 > 2022-06-20 10:34 | Report Abuse

iyaa not reach rm1
waa waa



tut tut
waa waa

Posted by paktua73 > 2022-06-20 10:35 | Report Abuse

means paktua miss to buy at rm1.00
waaa waaa


tut tut
waa waa

Posted by hoot9e996 > 2022-06-20 14:33 | Report Abuse

wow guess im lucky today... normally catching falling knife hurt my finger

Posted by jasonor > 2022-06-20 15:13 | Report Abuse

0.995 is ma 200. of course some might support at this level to prevent it going to bear zone. but will it sustain? i don't know yet.

Posted by Phoebe > 2022-06-20 15:16 | Report Abuse

I thought t broke RM1 but why some said cannot get at RM1???? puzzle

Posted by hoot9e996 > 2022-06-20 15:31 | Report Abuse

the time it broke was a short duration. i just got lucky as i just queued at rm1

Posted by hoot9e996 > 2022-06-20 15:31 | Report Abuse

its a miracle it even support, instantly break touch 0.995 i also scared