Posted by Mikecyc > 2023-02-07 17:56 |

Post removed.Why?

Posted by Mikecyc > 2023-02-07 18:03 | Report Abuse

EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced ROE QoQ% YoY% Report
30 Jun, 2023
6.72 0.000 1.2200 604.77m 135.26m 1 2022-09-30 30 Jun, 2023 2022-11-22 5.5% 37.2% 225.8% View

30 Jun, 2022
10.71 0.000 1.0700 868.37m 215.51m 4 2022-06-30 30 Jun, 2022 2022-08-24 10.0% 29.9% 334.5% View

15.32 1.000 0.9300 297.06m 307.54m 3 2022-03-31 30 Jun, 2022 2022-05-25 16.5% 534.3% 860.2% View

2.42 1.000 0.7700 284.40m 48.49m 2 2021-12-31 30 Jun, 2022 2022-02-17 3.1% 16.8% 303.5% View

2.07 0.000 0.7600 246.69m 41.52m 1 2021-09-30 30 Jun, 2022 2021-11-10 2.7% 16.3% 313.9% V

Posted by Mikecyc > 2023-02-07 18:07 | Report Abuse

Haha will coming QR is better than the Last 2 QR ????

Posted by Mikecyc > 2023-02-07 19:52 | Report Abuse

A deferred tax liability is a listing on a company's balance sheet that records taxes that are owed but are not due to be paid until a future date. The liability is deferred due to a difference in timing between when the tax was accrued and when it is due to be paid.


Deferred tax liability is a type of long-term liability. Companies incur it when they postpone paying taxes on certain types of accounting income. The amount of the liability is the difference between a company's taxable income and its accounting income.24 Nov 2

>>> a hidden Risk :

Deferred tax liabilities RM 649 Million

Hope will not be the case as SST with Sabah Government… this is IRD ke …

Posted by Mikecyc > 2023-02-07 19:54 | Report Abuse

Haha another hidden Risk .. is the money prepared ???

Provision for decommissioning costs RM 617 million…

Posted by Mikecyc > 2023-02-07 23:07 | Report Abuse

Haha see a SGX listed company is more direct in Accounting book :

EQUITY AND LIABILITIES Equity
Share capital

(Accumulated losses)/Retained earnings

Foreign currency translation reserves

Posted by Mikecyc > 2023-02-08 11:07 | Report Abuse

Haha back to 1.16 ke .. as said earlier closing price is Supported well with VWAP … Today 1.16 is Supported well also with VWAP …

Posted by Mikecyc > 2023-02-08 12:37 | Report Abuse

Haha tug of war ke .. 1.16 with VWAP 1.16 ke ..

Posted by HafizAjiad98 > 2023-02-08 16:05 | Report Abuse

Public bank buy call utk trading. Nampaknya mrk juga goreng Hibiscus

Posted by Mikecyc > 2023-02-09 08:23 |

Post removed.Why?

Posted by Mikecyc > 2023-02-09 08:33 |

Post removed.Why?

Posted by HafizAjiad98 > 2023-02-09 12:53 | Report Abuse

Inventori minyak dari AS turun ke 2.4 juta minggu ni berbanding dengan 4,1 juta minggu lepas

Posted by slts > 2023-02-09 15:10 |

Post removed.Why?

Posted by Mikecyc > 2023-02-09 16:04 | Report Abuse

Haha just unloading … 100 lot to 1500 lot followed by 1 to 10 lot …Volume is shrinking….

Posted by HafizAjiad98 > 2023-02-10 15:53 | Report Abuse

dijangka Hibiscus menjana kira-kira RM400 juta dlm revenuenya utk suku kedua

Posted by success2628 > 2023-02-11 08:08 | Report Abuse

Oil prices posts gains after Russia says it will cut output by 500,000 barrels a day
PUBLISHED FRI, FEB 10 2023 6:18 AM EST
UPDATED 3 HOURS AGO
Ruxandra Iordache

https://www.cnbc.com/amp/2023/02/10/oil-prices-rise-after-russia-says-it-will-cut-output.html

Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow's crude and oil products implemented in the past few months. 
The announced production decline amounts to roughly 5% of Russia's latest crude oil output, which Paris-based watchdog the International Energy Agency estimated was down at 9.77 million barrels per day in December.

The Brent contract for April delivery rose 2.24% to settle at $86.39 a barrel, having risen more than 8% for the week. U.S. West Texas Intermediate crude futures rose 2.13% to settle $79.72 a barrel, and rose 8.63% for the week for to notch the best week since October.
Novak said that the reduction will "help restore market relations," according to a Google translation of comments reported by state news agency Tass.
He noted that the cut does not apply to gas condensate and will be calculated from actual output levels, not from Russia's quota under the OPEC+ output agreement. The decision was not made in consultation with the OPEC+ coalition, which Moscow co-chairs.
OPEC+ producers must typically agree consensus on output policy, with members bound to their targets. But the group has previously allowed voluntary gestures that honor the spirit of existing output agreements — in this case, the Russian decline would build on a previous OPEC+ decision to lower production by a combined 2 million barrels per day, agreed in October last year.
Other OPEC producers facing sanctions, such as Venezuela and Iran, have requested and received exemptions from their production quotas. Several OPEC+ delegates previously told CNBC that Russia had so far signaled no intention to ask for similar accommodations.
The EU implemented bans on seaborne imports of crude oil on Dec. 5 and of oil products this week. Under a program passed by the G-7 wealthiest nations, Western providers may continue to supply key financial and shipping services to transport Russian volumes to non-G7 destinations, provided these fuels are purchased beneath specific price caps.
"As previously stated, we will not sell oil to those who directly or indirectly adhere to the principles of the 'price ceiling'," Novak reiterated on Friday, adding that the price cap program could lead to oil and oil products shortages.
"Lower Russian production together with China's reopening should tighten the oil market further over the coming quarters," UBS Strategist Giovanni Staunovo said in a Friday note to clients.

Posted by success2628 > 2023-02-11 08:15 |

Post removed.Why?

Posted by slts > 2023-02-11 09:42 | Report Abuse

https://www.theedgemarkets.com/node/654856

Analysis
Oil rebound more likely this year, US$100 a barrel possible, OPEC sources say

Posted by MoneyMakers > 2023-02-12 12:05 | Report Abuse

Stagnant week..1week++ left until another excellent QR

Close eyes wait share capital reduction soon (100Mil sbb) + excellent QR/div

Longer oil price stay high = more money (cashrich) = higher valuation

Posted by HafizAjiad98 > 2023-02-13 12:13 | Report Abuse

Kanaikan permintaan minyak dan kekurangan pengeluaran minyak memang akan mecetus harga minyak naik ke $100

Posted by zhangzuode > 2023-02-13 12:46 | Report Abuse

https://www.youtube.com/watch?v=sgOEGKDVvsg&t=142s
The energy transition delusion: inescapable mineral realities

Posted by HafizAjiad98 > 2023-02-14 12:12 | Report Abuse

Russia ada dana sokongan dari China. Mereka tak risau sementara ni

Posted by King_trader_shadow > 2023-02-15 15:37 | Report Abuse

i wonder why HIBy got sell of today! Isn't the demand is increasing?

Posted by afata08 > 2023-02-15 15:51 | Report Abuse

WHAT THE HEX ..price dip today...anyone know??!

Posted by Nepo > 2023-02-16 08:48 | Report Abuse

yesterday drop because us release another batch of oil reserve.
no worry at present price

Posted by MoneyMakers > 2023-02-16 13:15 | Report Abuse

Surprisingly QR out early

Revenue/NPBT higher but swallowed by deferred tax

**1-off UK windfall deferred tax 106Mil @ noncash/to be reversed depend on capital allowance

Posted by MoneyMakers > 2023-02-16 13:47 | Report Abuse

Share capital reduction still havent complete - can only afford 0.75sen div (unfortunately)

P/s: 1st time see mgmt give div aim @ atleast 2.5sen for FY2023

Posted by HafizAjiad98 > 2023-02-16 13:57 | Report Abuse

Bagus. Revenuenya mempertaruhkan jangkaan saya (RM700 juta vs RM400 juta)

Posted by StartOfTheBull > 2023-02-16 14:28 | Report Abuse

UK government stretches its long hands into your pockets. Easy money from oil & gas companies to patch its budget holes.

Posted by pang72 > 2023-02-16 14:28 | Report Abuse

Ini kali habis la

Posted by donnybelowski > 2023-02-16 14:35 | Report Abuse

Good quarter considering the monsoon season. Higher Ebitda qoq.

Posted by witan > 2023-02-16 14:47 | Report Abuse

Dividend of 0.75 cents wow!!!! Not even 1 cent
Super stingy this management

Posted by donnybelowski > 2023-02-16 14:49 | Report Abuse

Save money for stock buyback.

Posted by MoneyMakers > 2023-02-16 14:53 | Report Abuse

UK wont get much from windfall tax b’coz got 1:1 capital allowance provision (each dollar capex reduce dollar windfall tax)

Global O&G co alrdy say wont pay UK xtra windfall tax b’coz their capex cancel-out windfall tax

UK just get more O&G investment

Posted by MoneyMakers > 2023-02-16 14:57 | Report Abuse

Last QR alrdy say need settle ‘share capital reduction’ 1st - only then can give more div/sbb

Mgmt plan settle this qtr..unfortunately couldnt settle b4 QR

Posted by witan > 2023-02-16 15:00 | Report Abuse

I personally havent see the management do any share buyback ever!!
Maybe once they reach rm10billion market cap, they will do it lol

Posted by 3lephAnt > 2023-02-16 15:08 | Report Abuse

Of course, you haven't seen because capital reduction hasn't been completed yet. /Facepalm

Posted by wattsy > 2023-02-16 15:31 | Report Abuse

Good quarter. With share buy back starting soon and a commitment to 2.5 cents dividend minimum to end FY23 in June. outlook is very positive.

Posted by kokchengkai > 2023-02-16 17:47 | Report Abuse

HafizAjiad98 kalau minyak pergi balik usd100 maknanya US mat salleh punya kerja beku inflasi tu kira buang masa bazir duit shj la...US punya inflasi kalau tak gaudim crisis ekonomi akan berlaku sekali lagi ,minyak kemungkinan akan jatuh bawah usd50 sekali lagi

Posted by MoneyMakers > 2023-02-16 20:54 | Report Abuse

Close eyes wait ‘share capital reduction’/sbb/div xdate (17Mar) together

Anytime good news come out (Mar golden month)

Posted by pang72 > 2023-02-17 14:59 | Report Abuse

Once drop below rm1 then bloodbath mari..

Posted by HafizAjiad98 > 2023-02-17 15:27 | Report Abuse

Masih bertahan pd harga RM1.10. Perlu menetapkan harga potong rugi jika ia berlaku...

Posted by James_Bond > 2023-02-18 15:40 | Report Abuse

Be careful on prosperity tax 2.0, focusing on those companies who profited from recent surge of oil price… shorties coming to hibiscus soon…

Posted by linheng > 2023-02-19 07:55 | Report Abuse

Hibiscus is a oil producing co which owns it oil fields. Unlike the oil majors, they spend very little on exploration or development of oil field. With huge capital invested in its business; the results look very disappointing. Sept 2022 to Dec 2022 oil price is at about USD80+. Look at the net Profilt as a percentage of revenue.
Sept to dec 2022. Revenue is 713M. Net Profil is 70.47M
June 2022 to Sept 2022. Revenue is 604.8M. Net Profit is 135.3M
Despite increase in oil production, the % of net profit is down from 20% to less than 10%.
Most Oil majors got above 30% of revenue as net profit

Posted by linheng > 2023-02-19 07:57 | Report Abuse

Even a O&G contractor gets a 10 to 15% profit margin on contract value. Hibiscus management is nonsense

Posted by StartOfTheBull > 2023-02-19 09:57 | Report Abuse

Petronas has paid dividend of RM50 billion to the government in 2022. Imposing prosperity tax on oil and gas companies may also applicable to its GLC company Petronas as well.

Posted by HafizAjiad98 > 2023-02-20 13:48 | Report Abuse

bersedia utk potong jika jatuh ke bawah Rm1...

Posted by Johnchew5 > 2023-02-20 23:32 |

Post removed.Why?

Posted by Johnchew5 > 2023-02-20 23:55 |

Post removed.Why?

Posted by Johnchew5 > 2023-02-20 23:58 | Report Abuse

How much tax do oil companies usually pay?

Oil and gas firms operating in the North Sea are taxed differently.

They pay 30% corporation tax on their profits and a supplementary 10% rate on top of that. Other firms currently pay corporation tax at 19%.

But oil and gas firms have been able to reduce the amount of tax they pay by factoring in losses or spending on things like decommissioning North Sea oil platforms.

In recent years, such methods have meant that BP and Shell have paid almost no tax in the UK.

BP and Shell both received more money back from the UK government than they paid every year from 2015 to 2020 (except 2017, when Shell paid more than it received).

Shell also paid a negative amount of tax in 2021, taking its 2015 to 2021 total to -£685m of tax in the UK.

BP paid more money in tax than it received back in 2021, taking its total between 2015 and 2021 to -£107m.