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.
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!!
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.
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
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..
@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.
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
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.
@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.
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.
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.
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
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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....
kahhoeng
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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...