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

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

Syabas
Anyway will posible go up 996 ?

Posted by PSAi3alert > 2022-06-20 22:07 | Report Abuse

Windy1974,

Michael already has 138,900,000 shares in July 2016. Less than 0.20 a piece.


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2686624

---

Posted by Windy1974 > 12 hours ago | 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 jasonor > 2022-06-20 22:27 | Report Abuse

this operator very support ma 200. can see the chart. everytime also same.
last one is 29th nov 2021, then today 20th june 2022. 31st may 2021. 21st july 2021. i think is fund manager punya kerja ni, becoz too easy to predict. haahaha

Posted by bullmarket1628 > 2022-06-21 06:23 |

Post removed.Why?

Posted by iPlay > 2022-06-21 08:21 | Report Abuse

Day day oil go up..... day day Hibi no go up....
Day day say limit up..... day day no limit up.....????
kikikiki....

Posted by paktua73 > 2022-06-21 08:56 | Report Abuse

morning..
from today till friday..
paktua set reload from 0.97-1.00
siap all army standby mto battle war again..
not q early avoiding big shark..
ihik ihik



tut tut
gendang perang kembali di palu..

Posted by colin888 > 2022-06-21 09:22 | Report Abuse

Drifting sideways and not good!

Posted by newbie8080 > 2022-06-21 11:06 | Report Abuse

@paktua73
All the best.
Hopefully, you managed to catch it this round.

Posted by mokluhanj21 > 2022-06-21 12:48 | Report Abuse

What is life if we are too pessimistic?
Hence, I am sharing some optimistic view of my back-of-the-envelope calcs:

Apr: 102/bbl* RM4.26/USD *719,851= RM312.8 mil
May: 107/bbl*RM4.35/USD*685,900= RM319.3 mil
June: 117/bbl*RM4.40/USD*671,000= RM345.4 mil
Q4 FY22: Revenue Expected= ~RM977.7 mil
+YTD: RM828.2 mil= RM1805.7 mil
Yang lain kira sendiri. Not enuf time haha

This is not investment advice, This is just my attempt at forecasting. Wanna know if I am any good in calculating or just another dumb2 hahaha.
All ze best fellow investors.

To punters, byeeeeeeeeeeeeeee

Posted by kahhoeng > 2022-06-21 16:39 | Report Abuse

real big joke, brent rises above 115 again and hibiscus almost sees red while hengyuan, a refinery, is rising almost 9%.

Posted by derrtan > 2022-06-21 16:46 | Report Abuse

operator is trying hard to press down hibiscus price..hahaha... hope to get at RM1.01 again

Posted by PSAi3alert > 2022-06-21 23:13 | Report Abuse

In the latest Q3 results, RM147.574M of administrative expenses was expended for the 31st March 2022 quarter.

For the whole of FY2021, the total administrative expenses was only RM121.699M.

What is in the RM147.574M worth of administrative expenses?

Impairment of intangible assets?
Impairment of equipment?
Net reversal of impairment/(impairment) of investments?
in subsidiaries and amounts owing by subsidiaries?
Reversal of unrecovered recoverable costs?
Other administrative expenses?

No explanation at all.

.

Posted by bullmarket1628 > 2022-06-22 06:57 |

Post removed.Why?

Posted by paktua73 > 2022-06-22 15:23 | Report Abuse

at last hit back rm1.00..
manage grab 2nd reload at rm1.00




tut tut
will set final at rm0.96

Posted by hoot9e996 > 2022-06-22 15:25 | Report Abuse

break balik pulak, lucky sold yesterday.....

Posted by greenbucket > 2022-06-22 15:59 | Report Abuse

tut tut tut, lets push this!

Posted by kahhoeng > 2022-06-22 15:59 | Report Abuse

unbelievable, with brent above 100, i would never thought hibiscus trading below 1.00, thought it would at least between 1.10 and 1.20. Sigh!

Posted by greenbucket > 2022-06-22 16:01 | Report Abuse

dont worry. tut tut tut and its army will pump this up!

Posted by kahhoeng > 2022-06-22 16:04 | Report Abuse

can only hope for exceptional August earning report to rescue...

Posted by derrtan > 2022-06-22 16:07 | Report Abuse

average price 1.03..75% loadup....happy man....wait for 2 months for at least 30% return

Posted by kahhoeng > 2022-06-22 16:44 | Report Abuse

bought some at 0.99, hope it's a good decision...

Posted by Thkent91 > 2022-06-22 17:19 | Report Abuse

@kahhoeng 1 bil profit from harta also cannot rescue it from dropping

Posted by colin888 > 2022-06-22 19:05 | Report Abuse

Not a good time to buy! Hold your horses

Posted by pang72 > 2022-06-22 19:22 | Report Abuse

So, what is this..
Drop drop drop

Posted by TillyLovers > 2022-06-22 19:47 | Report Abuse

can buy at 98 cents？ will it return above RM1？ thanks

Posted by kahhoeng > 2022-06-22 20:13 | Report Abuse

thkent91 cause harta profit is falling fast while brent is still strong above 100?

Posted by KingKong_Doll > 2022-06-22 21:09 | Report Abuse

My 2c.
OnG was deem a sunset industry because of electric vehicle and also ESG. With inflation n everything increasing such as food, I wonder how affordable can electric vehicle gets. Tesla too announce increase in pricing. Even Europe now keeping quiet on ESG and Germany reviving their coal power plant for electricity.

Posted by nazrzach > 2022-06-22 22:15 | Report Abuse

So far demand remains very strong, with a historic high of 42 million people expected to hit the roads in the United States over the July 4 Independence Day weekend, according to the AAA.
Additionally, China reported the fewest daily COVID-19 cases in more than four months on Tuesday. Although the threat of restrictions remains as cities move swiftly to stamp out any flareups, demand is likely to grow in the second half of the year at the world’s largest importer of crude.
Oil fundamentals remain constructive with the oil market expected to continue to tighten through the year as the EU’s ban on Russian seaborne crude starts to increasingly bite,” added ING.

Posted by nazrzach > 2022-06-22 22:41 | Report Abuse

1. When UK imposed Windfall Tax, 5199 dived eventhough Anasuria only contribute 10% from overall 5199 oil producrion capacity.
2. Brent Crude Oil Futures August Contract dipped amid fuel tax cut. 5199 also dived eventhough tax cut is good. More ppl will buy gasoline. This tax cut doesnt affect crude oil producers. 5199 plummet nonetheless.
3. 99sen. The last time 5199 share price this low was in 3rd February this year with oil production capacity oil 8000bpd and before 5199 completed acquisition of Repsol which 5199 now has trippled its producrion capacity.
4. Sabah SST. Sabah State Minister can to hell and back, he wont get his SST.

Then, why 5199 nosedived?
Its because we are so easily fooled by shorr sellers and the bears.
Hold your positions. Short sellers cant short if we dont buy.
Do short sellers still short at 25sen shares?
No. Why? They can only go as low as 5sen. Their upside risk is high. 25sen shares can go up as high as LU.
Lets work together and PUSH ON!!

Posted by rattynz > 2022-06-23 01:11 | Report Abuse

Yes feels awfully like this stock is being manipulated with shorting which doesn't at all match business fundamentals.