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
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
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
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.
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?
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.
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.
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!!
US Oil Reserves to date Date Value/barrels June 10, 2022 511.61M June 03, 2022 519.32M May 27, 2022 526.59M May 20, 2022 532.01M May 13, 2022 537.98M May 06, 2022 542.99M April 29, 2022 549.98M April 22, 2022 553.07M April 15, 2022 555.98M April 08, 2022 560.68M April 01, 2022 564.58M March 25, 2022 568.32M March 18, 2022 571.32M March 11, 2022 575.51M March 04, 2022 577.50M February 25, 2022 580.02M February 18, 2022 582.38M February 11, 2022 584.83M February 04, 2022 587.52M January 28, 2022 588.91M January 21, 2022 590.78M January 14, 2022 592.03M January 07, 2022 593.38M December 31, 2021 593.68M December 24, 2021 595.03M December 17, 2021 596.38M December 10, 2021 598.92M December 03, 2021 600.87M November 26, 2021 602.56M November 19, 2021 604.50M November 12, 2021 606.15M November 05, 2021 609.40M October 29, 2021 612.54M October 22, 2021 614.19M October 15, 2021 615.28M October 08, 2021 616.97M October 01, 2021 617.77M September 24, 2021 618.69M September 17, 2021 619.57M September 10, 2021 620.77M September 03, 2021 621.30M August 27, 2021 621.30M August 20, 2021 621.30M August 13, 2021 621.30M August 06, 2021 621.30M July 30, 2021 621.30M July 23, 2021 621.30M July 16, 2021 621.30M July 09, 2021 621.30M July 02, 2021 621.30M
@mokluhanj21 Your estimates are about right. Estimated Revenue for FY22 by HLIB and Maybak around MYR1.6bil to MYR1.8bil with nett profit about MYR850mil.
@madguy, US doesnt need our crude oil. They have enough on their own with Canada their biggest crude oil importer. US only import 10% crude oil from Russia. Since US ban crude oil imports from Russia, US lifted imports from Venezuela to make up that 10%. UK and East Europe has to import crude oil and natural gas from Norway which 5x more expensive than Russia price. EU rely heavily on Russia's crude oil and gas and looking to Saudi, UAE and the rest including Malaysia for crude oil supplies at sell at higher price while Russia supplies their crude oil to refineries in India and PRC at a discounted rate and resell to Asia at cheaper price including Malaysia. Malaysia inflation rate increased slightly from 2.1% previously to 2.2% now. Malaysia GDP also growing despite US and EU will be in recession early next year. This is because Malaysia biggest importer is PRC. Am I worried? No. We have been shielded from US and EU recession many times before EXCEPT when Saudi lowered crude oil price to USD20 per barrel in 2014 due to competition from US Shale oil. US shale oils are not preferred due to fracking process which can lead to environment disaster. If you all want to buy, wait until market came back to its senses. For now, short sellers and bears use scare tactics and fact distortion to gain profit from others losses.
@Windy1974, Actually, Dato' Michael is smarter than any of us. He knows his Gross Investment Amount is in RED and yet he still holding on to his holdings. While he spends his money elsewhere to make up unrealised shortfall in his holdings. Thats what smart investors do. Clever kan?
If Hibiscus 2022 net profit is about RM850Million, the the Repsol acquisition can be considered paid off by this year end (Considering the upfront payment paid, cash in hand + the 2022 net profit) This is a pretty good investment because it was projected that it will takes 5 years for them to recoup the Repsol investment when they bid the project. Dr. Ken does seems to have the lady luck on his side or this is his business instinct. Whichever it is, I'm happy with Hibiscus management. Will hold long.
Putin is wise and even the Oil embargo and Sanctions were hopeless against his crafty mind. They had planned well for years before the Invasion and timed to perfection. Anyone still believe USA media reporting Ukraine is "winning the War".....hahahaha
Hibis-C22 warrant expiring on 30th July. If not mistaken, if Hibiscus above RM1, bank need to pay C22 holder and if below RM1, C22 burned. WIll bank want to pay? Another naughty thought is, if all retailer can gang up and pump it rocket high and lets the Bank pay thru their nose. Don't always let them win oni.
I expect Hibiscus to drop further now that it has broken RM1. I am still holding and gonna add more when it reaches my next target price. I can afford to wait cos i am already holding Hib. Try take your eyes off the share price daily ya since i believe majority here are working? How you gonna perform well in your daily work if you are emotionally affected by Hib up and down? If your life is affected by share market, then my advise to you is don't invest in KLSE. Have you ever done a risk tolerence test? You can easily find one online. Funny thing is a lot of people's actions are contrary to their risk tolerence level. Example, i got 1 friend who is considered risked adverse (extremely conservative. Can't tahan 10% losses), yet his investment was mainly in warrants. You see, greed is the root of most Malaysian kena scam. I am gonna hold on to Hib to at least 3 to 5 years, depends on share price. I expect Hib gonna give very good dividend for this year which would then propel share price higher. Total of 5 sens or more i would be happy. That would be a yield of more than 5% for me
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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....
VTrade
2,434 posts
Posted by VTrade > 2022-06-20 20:33 | Report Abuse
Syabas
Anyway will posible go up 996 ?