HIBISCUS PETROLEUM BHD
KLSE (MYR): HIBISCS (5199)
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Last Price
2.20
Today's Change
+0.01 (0.46%)
Day's Change
2.19 - 2.23
Trading Volume
2,724,500
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
68 people like this. Showing 50 of 105,052 comments
Testing is the Bursa games. But I never test before marriage….Goods sold are not returnable :-)
Boleh testing Musangking but marriage is no testing business…
2 weeks ago
James_Bond
Please be informed that US trying to push away the blame of US economic recession to Middle East War! This is not due to PMX, without PMX, Malaysia would be in the worst performing market of all!
1 week ago
Please be informed that your head is leaking! 🤣 Proven amply by your call in PetDag...
2 weeks ago
IEA maintains 2024 oil demand forecast and trims 2025 outlook...That's interesting
https://www.thestar.com.my/business/business-news/2024/08/13/iea-maintains-2024-oil-demand-forecast-and-trims-2025-outlook
2 weeks ago
Uncivilized lady remains as such a person who losing big in share market! Copied others buy calls and claimed her victories… sold PetDag as staying away from uncivilized lady… she indeed miserable… guess she cut big losses at PetronM, Panamy etc…
1 week ago
I had earned big from so many other counters as in my previous posts… not earning from one counter is nothing to me… only uncivilized individuals would try to defame others… smart and civilized individuals would bring others up, not drag others down!
1 week ago
Hibiscus Petroleum's indirect unit acquires 30% stake in Block PM327 production sharing contract. TP RM3.20 by Public Bank
https://theedgemalaysia.com/node/724056
5 days ago
WTF, poor quarterly report expected shortly later? share price drops to reward a recovering oil price
4 days ago
A quarterly 738 mil revenue and a net profit of 108 mil after 64 mil write-off/impairment, is that good? If yes, how come share price never response???
4 days ago
every quater make 12sen 13sen ....4 quater around 48sen . IF you PE 10 ...hibicus should value RM4.80 and not at this price.
3 days ago
guess somebody is/are really f**king pissed off by Hibiscus management to sell at this level
3 days ago
Agreed. People sick of hibiscus management. They don’t defend their share price. People get burned in this stock
3 days ago
They say MB analysts made a SELL call at TP1.60 in bad faith or under influence. Bloomberg TP is 2.98. PBank's TP is at 3.2. They claimed they also seen HLIB TP = 2.95. These TPs are close each other which we can understand why this happens. They use the same formula/equation and methods. Their numbers vary because they use difference allowances. They basically just estimate these allowances. Sometimes, their employers dictate how much.
In the end, you TP must make sense. If Jeremy Yap deduced Hibiscs TP is 1.60, then he must justify why. Because of his TP is 1.60 now (after share consolidation), Hibiscus produced higher revenue, higher earning and higher FCF then 3 years ago before share price consolidation. By back of the hand calculation, Hibiscs share price was around 0.65 - 0.75 back then before share price consolidation. Clearly, Jeremy Yap made a huge error in calculating his TP.
The problem with local analyst reports, local analysts work with investment banks. These investment banks also do stock trading, invest in stocks, warrants, ETF and etc. He is not free or impartial. His integrity is in doubt.
If you found any numbers out of certain range or clusters, you immediately know there is either something wrong with others or if there is something wrong with this fella.
3 days ago
The concern Maybank has is the capex if I were not wrong. Hibiscus may have to borrow quite some money to pay for the Brunei asset, maintain current dividend and a USD 260 mil capex.
2 days ago
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2 days ago
Kahhoeng, this isn't correct. The final consideration will be significantly less as the asset effectively transferred to them 1st Jan 2023. They have been collecting profit against the final consideration for almost 21 months now. It's another great deal for hibiscus - they will end up paying circa US$160 mill and every month it's making significant profit. If Oil and Gas prices stay where they are their profit will increase another 30-40% for Q2 this FY. This includes all their Capex spend which is increasing production and opening up new production. Their stock is an absolute bargain.
2 days ago
watssy, that's what I come to believe after reading Maybank's report on Hibiscus, not mine.
To me, Hibiscus's revenue wise, there'll be less FY 2025. 1st, production from existing asset will be less FY2025 at around 7.5 mboe compared to FY2024's 7.85 mboe (drop 4.5%). 2nd, exchange rate that's less favorable, 4.31-4.35 currently compared to FY2024 mostly between 4.6-4.7 (drop 7.5%) 3rd, on top of that, a lower brent/tapis oil price, 82+/- compared to FY2024's 90+/- (drop 9%) currently. Having said that, FY2024 operating cash flow from existing asset's close to RM 1 billion will be less that (at least 20%?) and profit will definitely not going to be as rosy as over 500 mil pre impairment/write-off FY2024.
Brunei acquisition depends greatly on going forward brent oil price, given it's product will be linked to brent (am I right?), on top of borrowing cost, given that Hibiscus has less than RM 300 mil free to use. But in the short-term, the newly added asset will surely be beneficial than keeping cash in bank. Long-term, all depends on how good this asset can perform long term, I guess.
FY2025 capex is 260 mil, that's more than RM 1 bil. So, I guess there's be borrowing given FY2025 operating cash flow should be lower, unless brent oil price suddenly spikes to above 90.
To assuage shareholder's concern, Hibiscus management should clarify how the money is going to come from should brent oil price is 75-80 and how it would impact its FY2025 PAT. The analyst meeting's very lousy, provides little when it could offer more.
https://www.youtube.com/watch?v=4kiiEScSk6k
1 day ago
To me, as an investor, I view the share price to be too cheap and won't mind buying some if price is cheaper
1 day ago
If you look at crude oild future the price have not bottom out yet. There might be a repeated 46/barrel
1 day ago
That's not possible, Jack Khan. OPEC + won't allow oil price to drop that much
1 day ago
Actually kahhoeng, Brunei is almost 100% gas. This is part of their pivot away from oil. Next year their production will reach 31k bOE/day from their Capex and Brunei acquisition. That's 30% more than present. They also have the ability to scale up or down Capex to suit - if the market drops they can stop spending cos when their production cost are so low (less than $20 per barrel) they can easily protect their margin. I think they've been very smart with their investments to date and I think this will start coming through over the next 6 months as these fall into place.
1 day ago
I know Brunei asset is mainly gas, but price to be determined with brent from what I read. Oil below 40? Good luck to us all. I am buying oil assuming Brent will be above 75 for a while
1 day ago
In oil & gas , the benefit outwit the cost in acquiring new assets, just look at petronas they keep expanding since the profit generated is well above interest cost, oil price will never drop because supply is limited, I support hibiscus in acquiring new assets
19 hours ago
For now though, optimism is running high, even among sell-side strategists. Nomura Holdings Inc this week upgraded equities in both Indonesia and Malaysia citing solid macro fundamentals, while HSBC Holdings plc noted that Indonesian stocks had started commanding a bigger heft in the portfolios of Asian funds.
The ringgit and rupiah are among August’s top three gainers against the dollar in a basket of more than 20 developing-nation currencies. Fed chair Jerome Powell said this month that the time had come to cut its key policy rate, affirming expectations that US officials will begin lowering borrowing costs from September.
Exchange-rate watchers see likely further weakness in the greenback giving emerging-market currencies more wind in their sails. With foreign currency holdings at banks in Malaysia and Indonesia near a record according to data compiled by Bloomberg, more support is seen coming when exporters convert their dollars into local currencie
Remark: HIBISCUS derive USD profit, but, it's major earning contributor is from Msia operation, which paying in RM cost. Furthermore, crude oil have decrease from USD 89 to current USD 75-78, therefore, hibiscus next earning will record lower profit.
18 hours ago
Hibiscus actually has around 650 mill in unrestricted cash. Debt is reducing from term loan to around RM350 mill at present - it's not due straightaway of course and they have facility for more. Interesting thing then is that the entire Brunei acquisition is likely covered by their present free cash. I sure they may leverage a bit more debt but it looks very healthy to me. Just wish they'd get more agressive with better dividends and share buy backs. I wonder if eventually the global oil supply deficit will eventually push prices up. Difficult to understand with so many moving parts but Opec won't want oil prices below where they are at presently and will probably defend the downside.
17 hours ago
https://ir2.chartnexus.com/hibiscuspetroleum/docs/presentation/QR%20Q4%20FY2024%20Analyst%20Briefing%20Final.pdf
slide 15, net cash 238.5 mil or was I wrong?
17 hours ago
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