Posted by Gaussian > 1 month ago | Report Abuse

Run run run

Posted by cheeseburger > 1 month ago | Report Abuse

sell before too late. Is down trend now.

Posted by Six6thsense > 1 month ago | Report Abuse

Its ok. Waiting ghost story

Posted by Gaussian > 1 month ago | Report Abuse

Run run run

Posted by NESARAJAH1 > 1 month ago | Report Abuse

Gaussian Run Run Run. Please Run away from the forum. Low IQ with only one syllabus. Run

Posted by Gaussian > 1 month ago | Report Abuse

Hahhaa I was right all along when I call run. lol

Posted by mf > 1 month ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,902.45

-390.68

0.88%

Nasdaq

NASDAQ Composite

19,271.83

-26.93

0.13%

Posted by Gaussian > 1 month ago | Report Abuse

Run run run

Posted by Sangranghaeyo > 1 month ago | Report Abuse

Buy on weakness ..
https://theedgemalaysia.com/node/733900

Posted by ZoeZoe > 1 month ago | Report Abuse

Wow Public Bank gave such a low target price for Hibiscus. That is back to Covid days! just horrible. The only catalyst is to wait for the China recovery

Posted by STFUrr88 > 1 month ago | Report Abuse

Nuts analyst with nuts prediction. I dare them to press to that price so that I can enter more

Posted by StarOfTheBull > 1 month ago | Report Abuse

If oil below USD70 it will be very bad for upstream oil and gas companies. Hopefully not.

Posted by Gaussian > 1 month ago | Report Abuse

Run run run

Posted by Income > 1 month ago | Report Abuse

Still okay?

Posted by Gaussian > 1 month ago | Report Abuse

Run run run

Posted by NinjaInPyjamas > 1 month ago | Report Abuse

The price of hibiscus is partly due to the short selling by funds. Similar to the gloves shorting past years. Difference in situation is Hibiscus capacity is expanding n making good cashflows while the glove making are cutting the capacity due to oversupply. Look at what the price Harta now, is almost 100% increased. Same will happen here but maybe more.

Posted by Phoebe > 1 month ago | Report Abuse

QR release. Revenue and PAT dropped 30%+. Didn't look into the details.

Posted by Six6thsense > 1 month ago | Report Abuse

Ghost story. Run run run

Posted by STFUrr88 > 1 month ago | Report Abuse

Production is 16kbbl/d due to various unplanned and planned maintenance. Production has from Oct onwards increase to 27kbbl/d. It's so easy to project it's profit based on production. Basically even at current low Brent price, profit will top 100-120 mill/qr. Most importantly cash flow didn't even drop but increase after the acquisition which strongly suggests that all future and ongoing projects will be carried out

Posted by Income > 1 month ago | Report Abuse

This bunga very pretty

Posted by Gaussian > 1 month ago | Report Abuse

Run run run

Posted by Gaussian > 1 month ago | Report Abuse

Shit WW3 is coming lol

Posted by Gaussian > 1 month ago | Report Abuse

Run run run

Posted by ZoeZoe > 1 month ago | Report Abuse

based on this current price 1.90, it is around 0.75 before consolidation. During covid time, when Brent was 65 per barrel it was around 0.66. Imagine with the expansion of business and increase in Brent but the price is only 0.75. Undervalued

Posted by STFUrr88 > 1 month ago | Report Abuse

This hibiscus is a marathon stock. We knew it's undervalued. We knew the company is doing SBB aggressively by which they have accumulated almost 5% from open market so far. It's always a matter of time before the shorties, traders and gut-less minority realise it's impossible to push it down somemore

Posted by Ravetidus > 1 month ago | Report Abuse

Trump is going to "drill baby drill" next year

Posted by twynstar > 1 month ago | Report Abuse

Management team started mentioning " privatization, mergers or takeover" due to extremely undervalued

Posted by STFUrr88 > 1 month ago | Report Abuse

Good to know twynstar. At current rate of SBB, easily by next qr the total amount of SBB will be more than 10%. Anything would be possible with minimal amount of floating shares in the market and such a depressed share price will only make everything more feasible be it privatisation or takeover.

Posted by Alextan916 > 1 month ago | Report Abuse

natural gas has started flying high, anyone knows how this contribute to profit?

Posted by Six6thsense > 1 month ago | Report Abuse

You will get rich in 3 months time

Posted by STFUrr88 > 1 month ago | Report Abuse

Yes. Next qr u shall see hibiscus reap the reward from it's expansion

Posted by NinjaInPyjamas > 1 month ago | Report Abuse

India, Africa, South America will continue to use more oil and coal. While develop countries will need more natural gas for power generation if they want to use more EV while using more petrol n diesel hybrids. China will use more of both.

Posted by Sangranghaeyo > 1 month ago | Report Abuse

Hibiscus on track to prosper with oil prices at US$70 😄

https://www.thestar.com.my/business/business-news/2024/11/21/hibiscus-on-track-to-prosper-with-oil-prices-at-us70

Posted by STFUrr88 > 1 month ago | Report Abuse

Management just did one of the greatest SBB today breaching 1 million units. Today's trading volume has shrunken below 4 million units. Let the SBB move continue. I believe by wiping out 10% of floating shares in the open market will push the price above 3 easily

Posted by Alextan916 > 1 month ago | Report Abuse

Hopefully they will decide to wipe off the share buybacks units or distribute to shareholder as bonus

Posted by wattsy > 1 month ago | Report Abuse

Does anyone know what happens to the share price if Hibiscus cancels the treasury shares. Is the share price then reset upwards in accordance to the proportion cancelled so the market cap remains the same? Also - with the renewal of the mandate to continue to buy up to 10% each year is that 10% of the share remaining in the market excluding those already bought into hibiscus treasury?

Posted by Gaussian > 1 month ago | Report Abuse

Run run run WW3 coming

Posted by Alextan916 > 1 month ago | Report Abuse

The management has a lot work to do to gain shareholders confidence. look like the management failed to boost the share price up with all the initiatives. They shall hold the accountability on the poor share price.

Posted by STFUrr88 > 1 month ago | Report Abuse

Management is not at fault. Just the ESG theme, the one who dictates the pressing is at fault. Finally even retailers are partially at fault too. We could have keep buying instead of spreading false news/negative news that might encourage more ppl to sell rather than buying

Posted by Alextan916 > 1 month ago | Report Abuse

I am actually looking at broad view like comparing with some of the giant energy company that they able to hold the share price stable even at such tough environment. I just mean that as the company management they also can’t neglect the responsibility on the share price as they r responsible to the shareholders.

Posted by Alextan916 > 1 month ago | Report Abuse

Btw this is not negative this is just personal view only. Anyone shall have the freedom to share the personal view. there is no wrong or right. Importantly we also dun overly comment other personal view is not right.

Posted by STFUrr88 > 1 month ago | Report Abuse

Management has explained diligently in the podcast on the matter of share price which is not under their sole control.. SBB will be executed as long as they think the share price is undervalued which everyone can see they are doing it on a consistent basis. I didn't say u r the one spreading negative news. U should have known clearly in this forum which individual is posting imbecile comment

Posted by jimmylim11 > 1 month ago | Report Abuse

Please watch Q1 2025 results or visit Hibiscus Petroleum's website > Investor Relations page
https://www.youtube.com/watch?v=GRRsK58djK0

There's many informative slides. Love how bullish Hibiscus management is regarding oil price at 70-80.

For US shale to work oil price cannot go too low.

Management keep repeating Q2 will be 2.5 Mbarrels even when we are in the middle of Q2, therefore Q2 numbers will be significantly better.

Assets will be revaluated upwards back again since USD is 4.45 as opposed to 4.1x during Q1, so the NTA numbers will improve and the Price to Book will also improve.

I am monitoring the SBB and the momentum is seriously strong. Company has used up RM70 million. But if we see the cash in bank balance, it has grown RM187mil. What if Q2 numbers are better? There's still capacity from the warchest to continue SBB.

For the short sellers, they have 15 million shares to cover. I'll be sweating if I'm them.

For Hibiscus-c69 call warrant, call price 2.15 in May 2025 by CIMB. I highly suspect they will lose money. Let's continue buying!! Continue your averaging down/up. It's the only way we can win and show support through action.

Posted by STFUrr88 > 1 month ago | Report Abuse

Great comment by Jimmy. They shorted so much. And they have to short even more to push the price down. But where to get the shares if company continue SBB at this aggressive rate. Sooner or later we will see it moving north. And like u say, we can only show through action. Not everyone might enter at the lowest price but definitely entering now is a sure win

Posted by Sangranghaeyo > 1 month ago | Report Abuse

Oil falls more than $2 a barrel on possible Middle East peace deal ...

https://www.reuters.com/business/energy/oil-holds-2-week-high-russia-iran-tensions-support-prices-2024-11-25/

Posted by paperplane > 1 month ago | Report Abuse

Oil will be bad in Trump time, as he will boost production in U.S

Posted by STFUrr88 > 1 month ago | Report Abuse

The problem with ppl nowadays is they don't look into details. They just create nonsense through quoting and personal assumption. If u want ppl to believe in u, speak in facts and figures

Posted by jimmylim11 > 1 month ago | Report Abuse

For the last 2 weeks

Net Short Sell was: -1.44 million shares today it is -1.53 million
Total SBB was: 9 million shares

Hibiscus has tons of money. It's proven by spending RM18 million in cash just like that in the span of 2 weeks.

But we cannot attribute the poor share price only towards to short sellers, what about other sellers? Why are they cutting lost over a PE 3.X and PB 0.5 company?

Too bad, big boss Michael Tang hasn't resume collection again at this bargain price.

Really hope the SBBs will be distributed to all shareholders, it will be a big bonus for us. At this rate, they can declare a 1 for 20 units, which automatically adds 5% to your holdings

Posted by STFUrr88 > 1 month ago | Report Abuse

We miss the big collection from boss Michael too. Besides shorties, I guess there's too many doubters out there that won't keep this stock in their portfolio. This stock has been assumed as a trading stock and this perception must change.

Posted by STFUrr88 > 1 month ago | Report Abuse

The treasury shares are all cancelled. Total issued shares had reduced. Here we go for another new cycle of buying and cancellation again