Posted by anthonytkh > 2022-07-19 19:11 | Report Abuse

What happened to this stock? Why are you guys following this ahole rr67?

Posted by StingRay > 2022-07-19 19:12 | Report Abuse

hahaha... some issue with Sabah state gomen. we follow the counter and not the rr fella loh. Wakaka.

Posted by BobAxelrod > 2022-07-19 19:19 |

Post removed.Why?

Posted by MoneyMakers > 2022-07-19 19:50 | Report Abuse

Mgmt alrdy clarify Sabah tax dispute..nicely done

Tax advisor say no need pay tax means no need lo..’taxable goods’ definition very clear ma

Posted by UlarSawa > 2022-07-19 20:43 | Report Abuse

So how esok gap up kah. Nanti Suiyee Sifu mau kejar after that cutloss lagi kah. Haiyoh. Correct?

Posted by paktua73 > 2022-07-19 20:46 | Report Abuse

hahaha..confrim he will come out claim buy bottom one..


===========
UlarSawa@So how esok gap up kah. Nanti Suiyee Sifu mau kejar after that cutloss lagi kah. Haiyoh. Correct?
19/07/2022 8:43 PM
==========

tapi congraz to ular manage grab lower today



tut tut
hope can grab lower esok

Posted by paktua73 > 2022-07-19 21:01 | Report Abuse

explained by hibiscus management..


KUALA LUMPUR (July 19): Hibiscus Petroleum Bhd said it is committed to resolve the tax issues with the Sabah authorities in an amicable and collaborative manner, and will ensure minimal disruptions to its operations in the state.

The oil and gas service provider was responding to a statement by Sabah's finance minister on Tuesday (July 19) that state authorities are looking to cancel the work permits for Hibiscus' two oil units operating in that state if they do not settle the state sales tax (SST) and penalties owed within the stipulated deadline.

In a filing with Bursa Malaysia, Hibiscus also clarified that its representatives are in ongoing engagement with Sabah officials with the objective of clarifying the issue of the applicability of SST to the companies.

“It is and has always been our group’s policy to pay all taxes when legally due and payable," the group said. “However, the companies will take appropriate action to safeguard their legal rights and interests accordingly where they are constrained to do so.”  

Hibiscus said its tax legal advisor has advised that the crude petroleum oils and natural gas it sold is not legally liable for SST.

The two subsidiaries, Repsol Oil & Gas Ltd and SEA Hibiscus Sdn Bhd, had refused to make payment after contesting that it sold its crude oil entitlement from the Kinabalu Oil Field at the Labuan Crude Oil Terminal facility “outside the sovereignty and jurisdiction of the state of Sabah” and hence should not be charged the SST.

Malay Mail Online reported on Tuesday that a notice of action has been issued to Hibiscus’ units on July 8 after a grace period of one week to settle the arrears.

“We issued a notice on July 8 to say that all working passes will be cancelled on Oct 1, 2022 if payment is not settled,” Sabah Finance Minister II Datuk Masidi Manjun was quoted as saying at the Sabah state legislative assembly.

Masidi said several engagements have taken place between the two parties to settle their disagreements, with the state demanding some RM97.31 million, comprising RM66 million in SST and RM31.31 million in penalty incurred for late payment.

“We sent the payment notice on June 22, with dues to be settled within 30 days of notice or the state will initiate civil action against them.

“On July 1, they had asked for a grace period of one week to negotiate terms with Petronas,” he was quoted as saying.

Shares in Hibiscus Petroleum closed five sen or 5.62% lower at 84 sen on Tuesday, giving the group a market capitalisation of RM1.69 billion.



tut tut
clear one part..

Posted by BobAxelrod > 2022-07-19 21:16 |

Post removed.Why?

Posted by BobAxelrod > 2022-07-19 21:16 | Report Abuse

With the Announcement from Hibby, tomorrow would be another different day, hopefully with sweet cupcake angels, sunshines and rainbows.

Posted by BobAxelrod > 2022-07-19 21:18 |

Post removed.Why?

Posted by BobAxelrod > 2022-07-19 21:20 | Report Abuse

Very humbly and courteously saying........."BRING IT ON!!!"

Posted by paktua73 > 2022-07-19 21:45 | Report Abuse

paktua melalak for last time for tonight.. 
hibiscus fighters... 

we always play with our own style.. 
we in..we set..we hunt.. 
until reach our goal.. 

hibiscus warriors.. 
now here is our battlefield.. 
greenland is our destiny.. 
we never fear any.. 
never scared or greedy.. 

warriors. 
we're red stock troopers
be a man is ur soul.. 
dare to die spirit we follow.. 
we're real fighters.. 
and.. 
we belong to the tough battlefields 
too all warriors..

warriors.. 
welcomed to the club!!! 

https://youtu.be/5U-rv0IGdL0 


warriors let battle continue.. 
let tomorrow be our best fight..


tut tut 
warriors.. 
war is still continue..
stand fight..dare to fight or die try..

Posted by NatsukoMishima > 2022-07-19 21:49 | Report Abuse

Habis , if WTI also drop due to recession fears then i think 6x sens soon !

Posted by harold8990 > 2022-07-19 21:53 | Report Abuse

Managed to angkat 0.84 today..finally

Posted by paktua73 > 2022-07-19 21:53 | Report Abuse

hahaha..how are you nobita..
still stuck at dnex kaa..


===========
NatsukoMishima@Habis , if WTI also drop due to recession fears then i think 6x sens soon !
19/07/2022 9:49 PM
===========

hahaha..


tut tut
love see more naysayer come..

Posted by paktua73 > 2022-07-19 21:57 | Report Abuse

let red legions reveal our voices..
 
hibiscus never die.. 
let hear this.. 

https://youtu.be/eIidGlWHUY4 

yes.. hibiscus is true legend..
and..
legend never die.. 




tut tut
nobita hate hibiscus
haha

Posted by MoneyMakers > 2022-07-19 22:12 | Report Abuse

Aiyaa Natsuko just bitter b’coz ride glove wave all the way down

Now everyday go to every red ctr just to troll

Posted by PSAi3alert > 2022-07-19 22:22 | Report Abuse

The Sabah government is asserting that tax ought to be paid where the extraction is carried out, not at the point where the crude oil is sold.

Section 24 of the Land Ordinance gives Sabah power and authority over its resources. According to the Ordinance, minerals in the land which include mineral oils and petroleum, are reserved for, and owned by the Sabah government, which is also empowered to control, deal and licence its exploration, exploitation and mining.

The Sabah government has collected RM2.458 billion of sales tax on petroleum products, since it was implemented on April 1, 2020 until June 30, 2022. As of June 30 2022, the state government has collected RM808 million or 73 per cent of the estimate for the year.

It will be a separate issue if Hibiscus were to argue that the Kinabalu oil field and the North Borneo Sabah Enhanced Oil Recovery production sharing contract lie outside of Sabah's territorial waters.


---

The two subsidiaries, Repsol Oil & Gas Ltd and SEA Hibiscus Sdn Bhd, had refused to make payment after contesting that it sold its crude oil entitlement from the Kinabalu Oil Field at the Labuan Crude Oil Terminal facility “outside the sovereignty and jurisdiction of the state of Sabah” and hence should not be charged the SST.

Posted by paktua73 > 2022-07-19 22:26 | Report Abuse

paktua kasi warriors song sikit. 

too all..
hibiscus warriors legions.. 
let..
we stand unite 
stand with brave and honor
fight with lion heart.. 
stick like  Wolf pack..

let we pledge together..

even storm will hit hard... 
even hell say will swallow it.. 
even burn all till ash.. 
will stand fight hard..

let blood flow out.. 
let bullet fly away round... 
but..
will never surrender..
we dare to fight.. 

but as long... 
die never say hello then life come through.. 
its worth it to fight it.. 
some time.. 
cool eye..lead the ride... 

dear brave warriors.. 
let stand unite..
stand together..
with proper strategist..
we will..
conquer the battle war.. 
 
let stand together.. 
unite we fight..unite we stand.. 

https://youtu.be/iFovHktRRao 

we never regret!! 
fight till the last stand.. 
if die let die try..



tut tut 
we will fight or we die try
we are real warriors..

Posted by MoneyMakers > 2022-07-19 22:42 | Report Abuse

Petroleum Act clearly defines ‘taxable goods’ as oil sold within Malaysia

Mgmt argue they sold oil in Labuan, hence not liable 4 tax

Posted by MoneyMakers > 2022-07-19 22:49 | Report Abuse

Let mgmt settle Sabah tax issue

Not 1st time do tax..somemore supported by tax legal advisor

Posted by rattynz > 2022-07-20 00:29 | Report Abuse

Again the reaction is nuts.. Representing a completely unjustified tax of no more than 2% on hibiscus total revenue but share price tanks 10%.. Wt...F.. I have alot more trust and confidence in Hibiscus and their statements than sensationalist politicians.. Are they going to halt Petronas also..they are actually the majority partners in almost all of hibis production sharing contracts..never a dull moment

Posted by bullmarket1628 > 2022-07-20 06:52 |

Post removed.Why?

Posted by paktua73 > 2022-07-20 07:54 | Report Abuse

morning..
today let see green or red will conquer..



tut tut
will set buy if reach 0.80-0.78

Posted by donnybelowski > 2022-07-20 09:02 | Report Abuse

Sabah ministers bought yesterday. Cheap shot la

Posted by rr88 > 2022-07-20 09:02 | Report Abuse

Rebound to 0.865 n drop to new low below 0.785 to 0.73.

Bcause dispute with state gomen wont be resolved anytime soon. Most like will go to court. Bcause 90mil$ is a lot of money.

Stay away!

Posted by donnybelowski > 2022-07-20 09:03 | Report Abuse

Haha rr88 wanna buy low. Cheap shot la bro! Too late.

Posted by BobAxelrod > 2022-07-20 09:10 |

Post removed.Why?

Posted by paktua73 > 2022-07-20 09:23 | Report Abuse

paktua love melalak back..

let hear some.. 
remember.. 
If you scare to fail.. 
you are difficult to succeed.. 
if you scare to lose money.. 
you are difficult to make money.. 
if you wait for batman.. 
joker will spin you over.. 

let be an Eagle..ignore the crow.. 
let hear this.. 

https://youtu.be/-nkfj3wk7eg 

jika takut pada cemuhan..
usah berani berkarya.. 
jika takut pada bayang-bayang... 
usah berdiri di bawah cahaya.. 
jika gerun pada gelora.. 
usah bermimipi menjadi nelayan.. 
jika mengigil jejari ingin "cutlost".. 
usah berangan raih keuntungan.. 

be an eagle..ignored the crow.. 
fly higher n higher.... 
always dare to fight or die try.. 
if burn let burn hard.. 
if earn let earn gega.. 



tut tut 
let be an Eagle fly higher..

Posted by GoodBoy > 2022-07-20 09:29 | Report Abuse

In case the Sabah government enforce the stop work order in Sabah territory from 1st Oct 2022 onward, no oil n gas extraction for Hibiscus in Sabah, Brent crude oil price shoot up to $300 per barrel also no use ...

Posted by paktua73 > 2022-07-20 09:29 | Report Abuse

paktua kembali melalak lantang 
bergembita mengegar bumi bungaraya kingdom.. 
berteriak suara pahlawan.. 

hear this.. 
warriors.. 
we're the elite fighters, 
no more living in fear's 
our armours stained bloods beast 
we kill all of fear 

we're the chosen ones, 
now we arrive back 
and standing at the gate 
we will wait hit and strike 

it's seem to us the journey 
will never end, 
so many years to many battle 
we will beat it all not even left an single.. 
we will fight till the end 
even only left we the last stand 

now we arrive back 
and standing at the gate 
we will wait hit and strike 

we are the chosen ones, 
heroes of the days.. 
legends forever, 


https://youtu.be/jc4XUkodlTk 


end of glory we return..
thats our destination's end.. 





tut tut 
if dare dream to be king.. 
let dare to be A MAN first.....

Posted by nicholas99 > 2022-07-20 09:31 | Report Abuse

rr88 prediction wrong.. keep changing statement.. lol.

Posted by nicholas99 > 2022-07-20 09:31 | Report Abuse

meaning you trust rr88 100% you got 50% chance to lose.

Posted by paktua73 > 2022-07-20 09:33 | Report Abuse

paktua terus memekik lantang.. 
memalu gendang perang.. 
menyala semangat wira.. 
menyemarak semangat bala tenteranya mara.. 

red stock troopers.. 
remember.. 
who brave and never influence by sentiment.. 
no matter what reason was hit.. 
will win the battle.. 

troopers.. 
be brave.. 
who let fear lead..their will lose.. 
no matter what.. 
don't ever influence by emotion.. 

troopers.. 
remember.. 
no matter how smart you're.. 
how knowledge you got.. 
as long never have guts..is useless!!! 
come let fight..

never fear any 
always ready to fight 

https://youtu.be/vlxY-Vk5ZtA 

let fight more 

tut tut 
always stick with own methods.. 
play with own style..

Posted by zhangzuode > 2022-07-20 10:00 | Report Abuse

Yesterday price rout is worst-case scenario. Please do not forget that it is not only Hibiscus, Petronas (via Carigali as co-owner of NSabah) is also affected.

Posted by GoodBoy > 2022-07-20 10:08 | Report Abuse

Where are all the big n brave warriors ? ... So far only about RM10 million worth of transactions done ... I thought big warriors can push up to above 1.00 with hundreds of millions ... A bit disappointed ...

Posted by paktua73 > 2022-07-20 10:33 | Report Abuse

big fund belom wake up kot
haha..



tut tut
red legions never push green just buy on red..

Posted by maxprofit2020 > 2022-07-20 10:34 | Report Abuse

early morning 1st hour when retailers chase high, IDSS keep short selling, so far RM 1.5 mil short sell.

Posted by rr88 > 2022-07-20 11:13 | Report Abuse

7k buy, 20k sell.
Still dont want to run ka?
Brain cannot compute ka,

Posted by paktua73 > 2022-07-20 11:16 | Report Abuse

haha..rr88 late wake up kaa??

today bungaraya is great time to reload maa..

jangan later say buy in yer..
haha



tut tut
we as red legions clear reveal what level will reload..

Posted by rr88 > 2022-07-20 11:17 | Report Abuse

Tp = 0.55
Bearish Inversion set up on the chart.
1.02 uptrend to 1.49.
Once it dropped below 1.02, it will go to:

1.02 - (1.49 - 1.02) = 0.55

How it will get there, and when it will get there, dont know. But it will get there..

Posted by ks5S > 2022-07-20 11:19 | Report Abuse

rr88.talk cok everyday

Posted by paktua73 > 2022-07-20 11:23 | Report Abuse

today we red legions prepared for red wave..
if up we relax..
not like rr88 sembang temberang..
haha



tut tut
paktua love rr88 just sparring in here
hehe

Posted by rr88 > 2022-07-20 11:23 | Report Abuse

Cukai no pay, oil rigs tutup kedai la..
You think 90mil$ can bargain to 50mil$ like buying durian ka? This thing will go to court la. State suspend permit while months n months stuck in court. This is how it will hit 0.55 as shown in its chart. Chart can see ahead what people cannot see.

All die die la. Stay away!

Posted by maxprofit2020 > 2022-07-20 11:28 | Report Abuse

technically rr88 is telling the truth, TA is trending down, I am waiting for another 2 sharp drops (when MA 50 < MA 200 and MA 90 < MA 200 to buy).

Posted by paktua73 > 2022-07-20 11:30 | Report Abuse

haha..rr88 you out sider maa..
paktua very closed with KB sabah n umno lord there..

do you think state government act cruel ke?
their just bring on side law..
but
open hand on discussion for win win for both side..
end of tunnel all will bring great tie on both side..



tut tut
we will hear good feedback soon

Posted by VFTRADER > 2022-07-20 11:34 | Report Abuse

Why is Sabah Finance Minister II highlighted this issue??

Seems like Sabah Finance Minister diam diam??

Posted by rr88 > 2022-07-20 11:36 | Report Abuse

At 1.49 i said peak
At 1.27/1.30 i said downtrending to below 1.00.
Now at 0.80/0.90 i say it will go down to 0.50 - 0.60.

Perhaps kok plugged in your ears that you failed n failing to compute how good I am.

Posted by ks5S > 2022-07-20 11:37 | Report Abuse

Sabah lousy state. talk cok state like rr88

Posted by paktua73 > 2022-07-20 11:37 | Report Abuse

paktua n red legions we aware on this situation since first reload..
and..
we dare to fight here.is..
sabah State very friendly to all investment player..
if oil sektor (main income to sabah state right know..almost rm1b was earn on 6 month this year)
so sabah govenm want to bring clear picture..
all big boy oil player..you have responsible for sabah citizens..
you earn big need deliver fairly to sabah people's..
this is not wrong no big impact to hibiscus..



tut tut