HIBISCUS PETROLEUM BHD
KLSE (MYR): HIBISCS (5199)
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Last Price
1.92
Today's Change
-0.04 (2.04%)
Day's Change
1.92 - 1.97
Trading Volume
3,254,100
Financial
Market Cap
Market Cap
1,546 Million
NOSH
805 Million
Latest Quarter
Latest Quarter
30-Sep-2024 [#1]
Announcement Date
19-Nov-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
20-Feb-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
-30.44% | -51.00%
T4Q Result
Revenue | NP to SH
2,446,505.000 | 388,429.000
RPS | P/RPS
303.93 Cent | 0.63
EPS | P/E | EY
48.25 Cent | 3.98 | 25.13%
DPS | DY | Payout %
10.46 Cent | 5.45% | 21.67%
NAPS | P/NAPS
3.46 | 0.56
QoQ | YoY
-16.85% | -7.42%
NP Margin | ROE
15.88% | 13.96%
F.Y. | Ann. Date
30-Sep-2024 | 19-Nov-2024
Latest Audited Result
Latest Audited Result
30-Jun-2024
Announcement Date
29-Oct-2024
Next Audited Result
30-Jun-2025
Est. Ann. Date
29-Oct-2025
Est. Ann. Due Date
27-Dec-2025
Annual (Unaudited)
Revenue | NP to SH
2,715,734.000 | 467,124.000
RPS | P/RPS
337.37 Cent | 0.57
EPS | P/E | EY
58.03 Cent | 3.31 | 30.22%
DPS | DY | Payout %
7.44 Cent | 3.88% | 12.82%
NAPS | P/NAPS
3.85 | 0.50
YoY
16.63%
NP Margin | ROE
17.20% | 15.08%
F.Y. | Ann. Date
30-Jun-2024 | 27-Aug-2024
Annualized Result
Revenue | NP to SH
1,909,580.000 | 302,412.000
RPS | P/RPS
237.22 Cent | 0.81
EPS | P/E | EY
37.57 Cent | 5.11 | 19.57%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-35.26% | -51.0%
NP Margin | ROE
15.84% | 10.87%
F.Y. | Ann. Date
30-Sep-2024 | 19-Nov-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Dividend Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Dividend Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 2.79% | 3.37% | ||
| Average Net Profit Margin | 15.94% | 16.56% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Total Positive Profit Years | 4 / 5 | 80.00% | 7 / 10 | 70.00% |
| Continuous Quarters Of Positive Profit | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Continuous Quarters Of Profit Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Quarters Of Adjusted EPS Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Total Dividend Years | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Continuous Quarters Of Dividend | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Continuous Quarters Of Dividend Growth | 3 / 5 | 60.00% | 3 / 10 | 30.00% |
| Continuous Quarters Of Adjusted Dps Growth | 4 / 5 | 80.00% | 4 / 10 | 40.00% |
| Average ROE | 12.28% | 8.96% | ||
| Average Net Profit Margin | 15.14% | -80.15% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 2,446,505 | 1,909,580 | 2,715,734 | 994,108 | 1,641,674 |
| NP to SH | 388,429 | 302,412 | 467,124 | 194,973 | 307,024 |
| Dividend | 84,172 | 63,415 | 59,893 | 13,021 | 26,043 |
| Adjusted EPS | 48.25 | 37.57 | 58.03 | 24.22 | 38.14 |
| Adjusted DPS | 10.46 | 7.88 | 7.44 | 1.62 | 3.24 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | -35.32% | -36.06% | -36.06% | -21.95% | -22.58% |
| NP to Owner | -30.44% | -51.00% | -51.00% | -22.14% | -25.14% |
| Dividend | 32.35% | -60.61% | -60.61% | -24.66% | -22.98% |
| Adjusted EPS | -30.44% | -51.00% | -51.00% | -22.14% | -25.14% |
| Adjusted DPS | 32.35% | -60.61% | -60.61% | -24.66% | -22.98% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | -9.91% | 49.03% | 146.10% | -29.68% | 16.32% | 92.09% | 15.82% | 65.42% | 173.18% |
| NP to Owner | -16.85% | 26.51% | 99.22% | -35.26% | -1.50% | 55.10% | 16.63% | 52.15% | 139.58% |
| Dividend | 40.54% | 223.20% | 546.39% | 5.88% | 143.49% | 386.99% | 48.81% | 129.97% | 359.94% |
| Adjusted EPS | -16.85% | 26.51% | 99.22% | -35.26% | -1.50% | 55.10% | 16.63% | 52.15% | 139.58% |
| Adjusted DPS | 40.54% | 223.20% | 546.39% | 5.88% | 143.49% | 386.99% | 48.81% | 129.97% | 359.94% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
69 people like this. Showing 50 of 105,371 comments
Covering of this 15.4 million shares and perhaps another SBB of 40 million shares can push the share price above RM 3. Hopefully my dream will come true
2 weeks ago
Hope the management can aso purchase the shares as to show they are confident with the company. This will help a lot more.
2 weeks ago
So yesterday was kind of weird. There were 12 lots shorted but also covering of 12 lots. No SBB yesterday and the price closed flat at RM2.03
2 weeks ago
Perhaps the shorties are not dare to hold long enough. Or the shorties change hands. Anyway the stock is obviously on the upside of a cycle. RM 3 is definitely coming. RM 4 maybe?
2 weeks ago
After cancelling RM78 million worths of shares, SBB continues with another RM6 million from that date.
Maybank want to talk about incurring debt? Company got worse off by buying Brunei gas deal? Company will be in huge debt to fund that deal? Here's how the company shows they've got cash and balls
Hopefully with new set of buyers from Icapital and CGS as well as existing funds topping up when they noticed this upward momentum, shorties will begin to cover
2 weeks ago
Yes Jimmy. Everything is on the right track. Hopefully we can reach the TP of 4. Which is the previous high when oil is at the highest.
2 weeks ago
Couldn't resist not to ride along the strong momentum. Topped up another 5k lots at RM2.09 today. Hopefully few months down the road, it will justify my decision.
2 weeks ago
https://www.youtube.com/watch?v=4DtsUPdw_Do
This is a good analysis by Aaron Pek
2 weeks ago
Today Shorties short 13 lots but SBB is 238 lots and I personally top up 5 lots hehehe. Tomorrow we will be able to see how much was covered
2 weeks ago
Aiyo. I thought will press till 1.6. waste the 4 years time together and prepare more cash to get cheap chips
2 weeks ago
Wow! Shorts covering seems to be picking up.
Update from yesterday's data
Shorts = 13 lots
Covering = 91 lots
SBB = 238 lots
Me = 5 lots
2 weeks ago
It's more interesting to see what happens since the share cancellations
Total SBB = 4,073 mil shares
Total shorts covering = 120k shares
Total Shorts = 83k shares
Throughout the above period, the share price was moving RM1.96 to RM2.09 and now back to RM2.06/8.
Basically, the shorties are not bringing down the share price, they are overwhelmed by the SBBs and of very small volume after the Share Cancellations. We can see that the SBBs are about 25% of daily volume traded. So for 75% who are the sellers who are keep losing money/cutting loss?
2 weeks ago
I'm also curious who is dumping for me and the SBB to collect. Buying momentum is still not here yet and thus it's reali hard for us to see massive gap up.
2 weeks ago
Quiet few days and price movement nothing exciting
Gathering some thoughts here
Negatives:
- Oil price seems to trend down, not helping
- 3 new call warrants issued HIBISCS-70, HIBISCS-71 and HIBISCS-72. HIBISCS-71 in particular has strike price of only RM1.85. This warrant is current "In the Money" but conversion rate is 4:1. With a long expiry date.
- Shorts covering not taking place yet
- Looking at the volume, doubt new players/funds taking a position in Hibiscus despite the superb valuation
Positives
-Since the shares cancellation, price has risen and sort of stabilized from RM1.96 to RM2.08
-Since Management is gungho on the production rates, expecting Q2 to be 100mil in profits, so EPS maybe around 0.13
-SBB continues with gusto. Roughly RM11 million spent
-Shorties missing in action
1 week ago
C71 is reali a daring bet. By the time it reaches maturity., I'm quite sure the share price will be north of 2.5. load it up tmrw.
1 week ago
Important update:
Short covering has started. Yesterday 887k lots was covered. Net Shorts now is 14,496k lots.
1 week ago
But today, as usual there's heavy dumping again in the morning. SBB has to be more aggressive to counter this pressing. Totally agree with you that there's no fund house or big investor circling this counter.
1 week ago
Heavy selling today despite no short sellers today. Even with RM2million SBBs today, the price still fell 4 cents.
Sometimes I wonder if Management should revise their dividend policy. They are effectively paying about 13% of net profit but have used up RM80-90 million for SBBs alone. If they announce say 20% dividend payout policy, this is definitely feasible, but I suppose, they prefer to buy out all the sellers approach
1 week ago
Short term pain for long term gain. There's just too much sellers who wouldn't want to hold on to the stock. We will be the one willing to take over these holdings. Rest assured a year from now we can reap the harvest provided 20 per cent of shares are wiped out from free market
1 week ago
Today's SBB isn't heavy enough to defend the share price. Jimmy do update us the short position as usual. Tq
1 week ago
There were no shorts on 12/12. Net shorts remain the same as 14,496k. Tomorrow we will be able to see if that figure changes to reflect any shorts covering.
With 700k SBB, but volume about 3mil, there are still a lot of sellers selling at a loss. At this price anything that was bought since 2022 is a loss, so the sellers must be selling at a loss.
I topped up another 5k lots at RM2.01. Just hope to get dividends on January 2025, and add on again.
1 week ago
No call warrant expiring this month. Hopefully the SBB can mitigate the short selling problem by January as another round of call warrant will expire then. We have to thank those who dump for us to collect.
1 week ago
Note gas prices are creeping up again and should continue to do so into the new year. Analysts and those dumping completely miss this point. Hibiscus is cash rich and will keep buying shares and will also make great money, especially after Q1 when the full capacity of the gas asset which is Brunei is realised into the financials. Adding to my position also, even though I'm down overall
1 week ago
Alextan it can be seen usually the next morning on bursa malaysia website. Go to market statistics - securities. Then find the net short sellers box.
1 week ago
Perhaps we need to ask these ppl why they hate hibiscus so much. Please don't channel Ur hatred here. Plus according to the latest development on marigold and sunflower field, it is expected to produce 40k bbd at its peak. hibiscus is basically safeguarded with plenty of untapped resources. It might not be a dream to see a production of 100k bbd of oil and oil equivalent.
1 week ago
Since now we are at lows of over 2 years time frame, all shorts will make money. We can’t stop them.
What we should hope instead is for more shorts covering. That should signal the bottom is found and the more they do that, more buyers will come back. There is still rm28 mil to cover. Hopefully this may push the price up by 10 cents if not more.
What I am fearful of and disgust is if C69 at rm2.15 by may and C71 at rm1.85 by July will be out of money!! Please, let these IB lose money on these 2 if not all call warrants.
1 week ago
Yes Jimmy. To issue warrant at these prices are totally a humiliating sign to the share price. We shouldn't let them win. To be frank if I could, I would have sacrifice all dividends in exchange of SBB. Just wipe out all these shares for the sake of future.
1 week ago
Today's SBB is on the strong side. That's the only way to support the share price
5 days ago
My friends
https://ir2.chartnexus.com/hibiscuspetroleum/docs/press/2024%20Hibiscus%20Investor%20Presentation%20-%20Dec%20R1.pdf
Please take some time to understand the company a little better.
Hibiscus now is almost 50:50 Oil to Gas. Gas price is creeping higher.
5 days ago
There's almost negligible negatives apart from the shareholdings. Basically the current share price is low due to large holding by retailers (weak holding power), high free float shares in market. Well done management and thanks Jimmy for these slides. It's easier to read graphs n charts for better understanding
5 days ago
We all know yesterday SBB was 1000 lots. Shorts covering yesterday was 238 lots.
However, there were 22 lots new shorts.
Hope to see stronger shorts covering to provide us with a signal that bottom has been found
5 days ago
SBB didn't resume yesterday for unknown reason. A bit disappointed as currently volume is low and minimal SBB will provide a massive support
3 days ago
Shorties continue to short, we continue to buy. Hibiscus will shoot back to RM2 above once they cover back their short position
2 days ago
Yup. I buy for 2028. Not buying for tomorrow. A tortoise race for us to achieve our target. Slow but definitely
2 days ago
The only bright point for yesterday. Today I've accumulated the largest single batch of stock in my life at 1.92. might not be the lowest for this share. But hopefully one of the lowest.
1 day ago
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jimmylim11
15.4 million shares. Still do not see them covering.
3 weeks ago