A further look at Hibiscus share price chart, I just realize that the last time Hibiscus traded around 0.84 was when Brent trading at around 80. Looking at brent at 104 now, wonder what went wrong???
Just to share: Hibis has to pay Petroleum Income Tax Act : 38% Sabah State Sales Tax : 5% (If Hibis lose the case) So total 43% tax on petroleum revenue? If oil price is USD100, then still can survive, when oil price drop to USD 60 or lower, is there still any profit left?
hahaha..paktua rojer rojer kinabatangan ready.. now need sent love letter to pak Muhyiddin pujuk pak KM hehe ========= tehka Paktua, need your help send another rep to talk to kinabatangan.. haha 22/07/2022 10:08 AM ========
hibiscus penghulu pun offer laa share saham kat kerajaan negeri.. bagi anak syarikat jadi shareholder.. kasi deviden n free warrant..
baru tax can discus soft soft.. iyaaa
tut tut bod bungaraya jangan ego.. beralah tak bererti rugi.. jgn sent behalf tu merendahkan kerajaan negeri.. sent head management meet face to face KM..
1. Oil price wont sustain at usd100. It will stabilise lower. Hibisc share price tracks oil price. Therefore it too will go lower.
2. Hibisc has come down below its 50 day n 200 day mvg avg. It is now on the verge of breaking down below its 400 day mvg avg at 0.835. A bearish Descending Triangle pattern has formed in the past 4 days. It will clearly fall below this 0.835.
3. When a stock falls below its 50, 200 n 400 day mvg avg in quick succession, it is in a long term downtrend. It will continue to go lower n lower n stay low for a long long time, as 400 day mvg avg is 400 days long, more than a year.
4. Another chart pattern formed for hibisc is that of a Bearish Inversion. It moved on a strong uptrend from 1.02 to 1.49. Once it fell to close below 1.02, it formed a Bearish Inversion pattern. This pattern target price is 0.55 being 1.02 - (1.49 - 1.02).
5. Its dispute with sabah state govt wont be resolved anytime soon because of large sum involved (rm90mil) and different intrepretation of laws by both parties. This will likely go to court for resolution and will drag on for months, leaving a dark cloud on sentiment. The state has authority over workers permit n has said they would revoked these permits by october. This would cripple hibisc operation n oil extraction work in sabah. Between now n then, sentiment will be negative. "Sell on anticipation, buy the news".
For me personally oil price won’t stay below usd 100 and will make new high in the (future) Even tho all the talks about EV, clean energy etc etc. where is the source of energy come from? Still conventional fossil fuel.
Space X yet to send spaceship and build a solar panel nearby sun to extract energy much needed to power earth yet!!
MA 50, 100 and 200? You tell me which in the world is not under during times like this? This week mostly all strong powerhouseS making above MA 50 in USA. I believe eventually battered strong stocks will too in Malaysia
stingray.. all scared to buy who not buy in yet.. all scared to throw bcoz near qr release..
so price tido laa hehe
======== StingRay Paktua... mati lah ini macam. wa ingat banyak kena force sell. tapi ciput je. banyak orang kaya kaya. jala tabur masih tiada habuan. Haiya. 22/07/2022 11:37 AM ========
payah nk cecah below rm0.80.. baik reload jer below rm0.82
Sebad tu Suiyee Sifu jadi promoter kat Taikor sana lah. Dulu dia kepohtumis jadi pemkritik. Dah lah tersangkut jadi promoter juga lah. Kesian dia sorang sorang je still promote Taikor kat sana. hari hari pun hang Covid banner lagi. Haiyoh. Correct?
========== UlarSawa YAB bukan begini. Suiyee sifu tu opportunist lah. Tambah sikit kepohtumis je. Pasal dia later pun hand itchy judi lagi lah. Haiyoh. Correct?
Posted by paktua73 > 27 minutes ago | Report Abuse
ular..rr88 not opportunist but.. he kepohtumis jer hehe 22/07/2022 11:49 AM ==========!
yaalooo..ular.. rr88 now host promoter taikor.. malam nangis
======== UlarSawa Sebad tu Suiyee Sifu jadi promoter kat Taikor sana lah. Dulu dia kepohtumis jadi pemkritik. Dah lah tersangkut jadi promoter juga lah. Kesian dia sorang sorang je still promote Taikor kat sana. hari hari pun hang Covid banner lagi. Haiyoh. Correct? 22/07/2022 11:53 AM ======
rr88 dok nyanyi lagu..
dalam usikku merajuk seketika.. laluku pergi meninggalkan dirimu.. tanpaku duga lilin menjadi bara.. gurauanku menjadi dilema prasangka..
Not long only after he abandoned Taikor bearish call lah. He used calculator to count Taikor price one lah. Dunno suddenly he used another calculator to count bullish. Then he hand itchy terus betting lah. Mana tau wrong direction he keep topping up again and again lah. Sampai no more bullet he stop top up lor. Then started to cerita he is investor lah not kakijudi lah. Sampai one day wee hour he tulis one long essay peli those judi one lah. Ular kenot tahan so no respect him anymore lah. How can sendiri pun judi and condemn kaki judi lagi cerita judi 97% pasti rugi one leh. Very heart pain after baca that long essay leh. Haiyoh. Correct?
Posted by MoneyMakers > 3 seconds ago | Report Abuse
hehehe..ular.. now rr88 shy shy laa.. hati maw judi.. tapi sulah silap step sangkut at TG.. so now only can yelling here..yelling there.. yelling around say not Worth it buylaa run now laa blaa blaa hehe
The profits Exxon earned last quarter, for example, mostly before the war began are very likely going to go even higher when Exxon reports its second-quarter earnings on July 29. Indeed, analysts are forecasting a mind-boggling $3.74 per share in profit for Exxon, the most the company has ever earned in a single quarter. Ever. With Exxon stock currently selling for just 7.4 times current-year estimated earnings, and paying a 4% dividend yield.
Buying Exxon shares with high dividend yield and very strong fundamentals compares to Hibiscus petroleum under pressure by Sabah state government to pay RM 97 millions petroleum tax
Such sensationalism.. Its all as if Sabah somehow is right and can just charge whatever it likes in tax. Even if there is a settlement it won't be anywhere near 97million.. If anything! Hibiscus has also said it can continue to operate with exist Sabah based staff albeit at reduced levels.. There will be a positive resolution.. PETRONAS is also involved, and all thwt goes with that .What the market also continues to not undertsand though is Hibiscus DOESN'T SELL OIL AT BRENT PRICES, it also DOESN'T SELL GAS AT GAS PRICES.. Everything, and I me at everything, is being sold at a premium.. They are still transacting way WAY over US100 for oil and way WAY over US8 for gas.. Even today!! They will make at least as much this quarter as last.. RM 550million profit is my bet for 2 Quarters.. Now KS88 tell me again that Hibiscus is only worth 55 cents..that will he the ESP for this calender year!!!
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Posted by kahhoeng > 2022-07-22 09:59 | Report Abuse
A further look at Hibiscus share price chart, I just realize that the last time Hibiscus traded around 0.84 was when Brent trading at around 80. Looking at brent at 104 now, wonder what went wrong???