HIBISCUS PETROLEUM BHD
KLSE (MYR): HIBISCS (5199)
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Last Price
1.47
Today's Change
+0.02 (1.38%)
Day's Change
1.46 - 1.49
Trading Volume
18,768,000
Financial
Financial Year 2020
| Financial Year | Annual Audited Account | Annual Report | View | |
|---|---|---|---|---|
| Ann. Date | Ann. Date |
Discussions
62 people like this. Showing 50 of 98,187 comments
Nicely Bunga merah
I partially profit 2/5 of my position dulu.
Since , shortem break 1.45 , feel happy sudah.
The rest waiting above 1.65
WISH ME LUCK YAA
wait till my neck really tired
5 days ago
QR expecting the expected in line with Global Oil companies massive profit. RM2.00 is minimum, last call to buy.
4 days ago
Yes if believe so massive profit and huge revenue increase and this time respol will be included. Remember they not only have oil but also gas. So you can imagine. Possible higher share price and also generous dividend or bonus. Let see how far i can go.
4 days ago
Hi Venfx,
Wish U the best.
Fyi, I locked in before end of last year, added in along the way. May keep till 2023 if crude above 80
4 days ago
Tommorrow Hibiscs will be opened at=>RM1.60 (+0.13)(+8.8 %)
and closed at=> RM1.80 (+0.33) (+22.4 %)
it will continue to spike up to RM2.00, RM3.00, RM5.00, RM7.00 and above ...
Then everyone only will get a big cake mah !
Heng ah, Ong ah, Huat ah !
4 days ago
myongcc5
Hi Venfx,
Wish U the best.
Fyi, I locked in before end of last year, added in along the way. May keep till 2023 if crude above 80
Me: Sounds good bro.I do hope bunga raya will hit all the way Up and trust its next qtr to be explosively, standby champagne to celebrate on 1.65 perhaps soonly
4 days ago
Let keep upward momentum going. 116% profit so far since I bought HIBISCS around this time last year. Well Done HIBISCS team management.
4 days ago
Will today break 1.50??? hehehe.....
I think super inflation is coming. News reported in June, most food will raise by another 60%. Keeping my hibiscus to hedge against the inflation. Any other stock in mind that can hedge against inflation. I know many says plantation. I'm not familiar with plantation especially with the labor issue, fertiliser, logistic cost and lastly most of them in Indonesia and not sure is Malaysian company operate in Indonesia also subject to the no exporting.
4 days ago
Proff P, congratulation to you and the others who invested about same time should be reaping >100% return.
Question now, would it double again to 3 (2x1.5) within 12 months?
4 days ago
@titanium yes conceptually plantation should be able to hedge against inflation. however, be cautious on each company's size of hedging of forward contracts (ie lock yesterday's price for tomorrow's selling price)
i got in one company for the macro but the mgmt screwed up by overhedging. in this buoyant market, naked price is syiok .
4 days ago
Good point. Never occur to me some company might have have already lock in their produce on a future contract. So, with current rise of CPO price, they won't be able to benefit much. But it goes both was as well. If the price tank, at least they have sold. Can't have best of both world.
4 days ago
If not because of increased systematic risk like interest rate hike, inflation, currency exchange manipulation, equities mkt worldwide will not fall into the doldrum like now. Otherwise, Hibiscs shid be at least 2 by now. EPS fr coming qtr shid be at least 7 sens
4 days ago
myongcc5 - 7 sens, very bullish. This includes negative goodwill and the likes?
4 days ago
TOPPISH. Its called a SLOW MOTION TOP. Slow motion uturn coming then downward acceleration. Make or lose or breakeven, get out! The earlier you escape, the better.
4 days ago
Zhangzuode, All in. Not really bullish given the price of Brent n production from Repsol.
4 days ago
When’s my RM 3.00 ??
Can hibiscus reach RM 3.00 within 12 months ??
According to latest Hong Leong Investment Bank research, published on 9th May 2022, for FY2023 ( July 2022 - June 2023), assumptions :
1) average realised crude oil price for FY2023 = USD 90/bbl
2) net production for FY2023 = 23,380 bbl/day
3) revenue RM 2628m, EBITDA RM 1565m, net profit RM 626m
4) cash RM 714m , debt = zero
If share price RM 3.00 , total share 2012m, market cap should be RM6,036m
How to evaluate hibiscus ?
1) Price to Earnings Ratio (PER) method
PER for FY2023 = market cap / net profit = 6036 / 626 = 9.64
2) EV / EBITDA method
EV = Enterprise Value = Market cap + Total debts - cash
EV / EBITDA = ( 6036 + 0 - 714 ) / 1565 = 3.4
3) EV/ 2P reserves method
EV = Enterprise Value = Market cap + Total debts - cash
USD to MYR conversion rate = RM 4.1
Latest 2P reserves = 77.3 million boe
EV = 6036 + 0 - 714 = RM 5,322m = USD 1,298m
EV/ 2P reserves = 1298 / 77.3 = USD 16.8/boe
If compared with EnQuest = USD 12/ boe.
Range of EV/ 2P reserves for other medium E&P companies in Norway and UK = USD 13.6-31.1/boe
Conclusion : If the local and foreign fund managers are willing to evaluate hibiscus at PER around 10, EV/EBITDA around 3, and EV/ 2P reserves around 17 , hibiscus has possibility to reach RM 3.00 in FY2023
3 days ago
Hahaha..looks like from the generosity of Hibby, you'd be getting free Twynsta (BP meds), Lipitor (cholesterol) and even cardiprin (blood thinner) for life !
3 days ago
The summer holiday is coming in US. It is about 1 month time from now. Can expect hell a lot of travelling going on for the next 3 months. The demand will increase significantly. If now already deficit, I couldn't imagine how much more it could be short.
3 days ago
New york free falling, oil collapsing. Told u toppish.
Cut all qs n dump to buyers 4 sec b4 market open.
3 days ago
Not surprised if it closes over 1.5 today as the the QTR result is very likely to be out this week or next week
3 days ago
Hahah....rr, thought u dump all at 1.35 and waiting for 1.30 ma. If follow ur advise, I make less 10c a'dy.
Already said, no need expect brent to be above 110. $90 to $100 already ciak beh liao. . No 1.80 also no consider selling. Furthermore now brent still $110. Half quarter production selling at $105 to $110. Don't forget Sabah oil sell on premium some more.
3 days ago
Let me again be your fake technical analyst for the day.
Hibiscus has broken previous resistance at 1.38 and holding above the resistance level for now. Barring oil price sharp correction, Hibiscus is expected to scale new heights. As to when it would reach another meaningful resistance, use volumes from end of Feb to mid March as a guide.
Don't trust technical analysts, they can always twist and turn like fortune tellers.
2 days ago
@derrtan
Some may be cautious just in case the QR result is not as expected.
Wait for QR result then decide to top up or sell down.
2 days ago
According to logic, insiders should know by now therefore the price should have jumped already
1 day ago
Just be a bit patient. Q1 22 results will be very good, but Q2 22 results will be marvelous.. I reckon RM150mill and almost RM400 mill respectfully.. I believe they are pumping more than they indicated..Close to 30000 barrels a day.. Oil price for Q2 for them will average over US$115 a barrel and USD also now 4.4.. Profit margins also increase as oil goes up, for every dollar of profit above operation break even around 40% is tax bit the rest is pure profit. If you do the math for Q2 you might surprise yourself
1 day ago
Report: MoF Inc eyeing financial support for Sapura Energy
Saturday, 21 May 2022 7:20 PM MYT
By John Bunyan
https://www.malaymail.com/amp/news/malaysia/2022/05/21/report-mof-inc-...
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
10 hours ago
Very positive news for sapnrg loh!
U see with or without govt help at current price of 6.5 sen sapnrg should do very well if they go thru the restructuring mah!
Of course with govt help, it will do very much better mah!
Very strong buy for sapnrg at 6.5% loh!
Surewin mah!
Posted by bullmarket1628 > 8 minutes ago | Report Abuse
Report: MoF Inc eyeing financial support for Sapura Energy
Saturday, 21 May 2022 7:20 PM MYT
By John Bunyan
https://www.malaymail.com/amp/news/malaysia/2022/05/21/report-mof-inc-...
KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.
Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.
"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.
It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......
10 hours ago
财经新闻
财政部机构出手救沙布拉能源?
2022年05月21日
https://www.enanyang.my/财经新闻/财政部机构出手救沙布拉能源
（吉隆坡21日讯）财政部机构将出手救助陷入财困的沙布拉能源（SAPNRG，5218，主板能源股）？
财经周刊《The Edge》引述消息人士透露，政府如今打算透过直接隶属于财政部的财政部机构（MoF Inc），援助这家深陷困境的油气服务供应商。
“据我所知，站出来的将是财政部机构。目前正在讨论的是某些援助方案……可能是某种形式的赠款，预料很快会宣布。”
报道也指出，财政部长东姑扎夫鲁早在数周前，就着手拯救沙布拉能源的计划，但政府透过哪家官联机构出手却一直是个疑问。
财政部机构是在1957年财政部机构法令下设立的官联机构，主要目的是投资在私人界缺乏兴趣的社会服务领域。
国家石油（Petronas）、国库控股（Khazanah），以及一马发展公司和负责拯救朝圣基金局的Urusharta Jamaah私人有限公司等，都隶属于财政部机构。
前首相拿督斯里纳吉建议由国家石油出手相救，但市场观察员认为，作为沙布拉能源的客户，国油收购其承包商并非好主意。
而沙布拉能源的最大股东国民投资机构（PNB），在重压下料也不敢贸然伸出援手。
2018年沙布拉能源发行附加股筹资40亿令吉时，国民投资机构豪掷接近27亿令吉，购入大量未被认购的附加股，让手中持股从原本的12.6%，大增至接近40%。
然而，这笔无法为单位基金持有人带来收益的投资，已经引发投资者的不满。
曾经是全球第二大油气服务供应商的沙布拉能源，1月杪的短期债务已经飙高至106.6亿令吉，其严峻的财务危机，已经引发政商界的高度关注。
10 hours ago
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