HIBISCUS PETROLEUM BHD
KLSE (MYR): HIBISCS (5199)
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Last Price
2.42
Today's Change
+0.15 (6.61%)
Day's Change
2.28 - 2.42
Trading Volume
6,662,600
IPO Info
Offer Period
Opening
2011-06-30
Closing
2011-06-30
Time Table
Allotment Date
2011-07-19
Listing Date
2011-07-25
Price
Issue Price
0.75
Units
418,047,922
Share Capital
0.000
No of Shares
Public Issue
Between 200,000,000 to 400,000,000
Offer for Sale
-
Private Placement
Between 190,000,000 to 390,000,000
Issuing House
EQS 644
ISIN Code
MYL5199OO004
Prospectus:
PUBLIC ISSUE OF BETWEEN 200,000,000 AND UP TO 400,000,000 NEW ORDINARY SHARES OF RM0.01 EACH IN OUR COMPANY ("PUBLIC ISSUE SHARES"), TOGETHER WITH BETWEEN 200,000,000 AND UP TO 400,000,000 FREE DETACHABLE WARRANTS ("WARRANTS-A") ON THE BASIS OF 1 WARRANT-A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED, AT AN ISSUE PRICE OF RM0.75 PER PUBLIC ISSUE SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING:
• BETWEEN 190,000,000 AND UP TO 390,000,000 PUBLIC ISSUE SHARES TOGETHER WITH BETWEEN 190,000,000 AND UP TO 390,000,000 WARRANTS-A ON THE BASIS OF 1 WARRANT-A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED BY WAY OF PLACEMENT TO SELECTED INVESTORS;
• 10,000,000 PUBLIC ISSUE SHARES TOGETHER WITH 10,000,000 WARRANTS-A ON THE BASIS OF 1 WARRANT-A FOR EVERY 1 PUBLIC ISSUE SHARE SUBSCRIBED AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;
IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
HIBISCS-NoticeOfProspectus (24KB).pdf
HIBISCS-Cover to Page 82 (3.1MB).pdf
HISBISCS-Page 83 to Page 210 (3.1MB).pdf
HIBISCS-NoticeOfProspectus (24KB).pdf
Discussions
68 people like this. Showing 50 of 104,951 comments
Hibiscus would have had another great quarter. I anticipate above RM150mill PAT. Togheter with cash in hand Total deal already fully covered and NTA Will be way over RM5.. And revenue and profit already accruing evening though deal won't be finalised to sept/Oct it's already done. So the question is just when will it go up, not if. At some point very soon the shorters will get it.
2 weeks ago
The price that build up from the past whole week get easily press down in one single day 🤣🤣🤣
2 weeks ago
Don’t buy the dip! It will fall below support prices! Chinese oil consumption is cutting down, a major factor in global demand. Oil exports show significant declines in the week. Showing Brent crude futures were down! Don’t buy the dip!
2 weeks ago
whats wrong with this counter, all other oil counters moving up except hibiscus. Really disappointing
2 weeks ago
Buy and hold only.. Oil price is high... Additional oil production in this Oct 24 (2Q25)...
1 week ago
any acquisition or development that wouldn't benefit shareholders through better dividends or share price appreciation is garbage
1 week ago
Whether you like it or not if trump win the presidential election, he’s gonna increase oil production in US and lowering oil price just like last time he did, and not to mention China oil consumption is cutting down, due to the raise of EV and low in manufacturing PMI.🫢
1 week ago
Bimb research TP for Hibiscus is RM 3.40.!!! Continuous Dividend given out every quarter at 2 cents each. High NTA and production is increasing. Further more, Brent Price quite stable at over USD 80/ boe. An undervalued share based on low PE and coming increased EPS.
1 week ago
Come on! buy more guys 😂 I said it will fall below support price, yet people keep coming out encouraged people to buy this trash 😂 must feeling dumb rn
2 days ago
Better to invest in clean energy producers than dirty, even IB's are not interested this company.
2 days ago
oh wow 24 year contract https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3467506
22 hours ago
therefore will go down further as oil prices are projected to downtrend for long period of time due to China weakness n potential Trump win
22 hours ago
Ravetidus - why Trump win will results in lower oil price? Thank you for your clarification.
21 hours ago
lol buyers are pushing the price up, sellers are pressing the price down 😂 who will win? My bets are on sellers 😂
21 hours ago
@zhangzuode, cause one of his policies if he wins is to make energy prices low, so he is going to help oil companies in US to pump as much oil as possible, to flood the market with oil inventory so to bring the price down
21 hours ago
@investMyAxx, ppl are buying on news, Petronas awards Hibiscus 65% PI but Petronas Carigali the remaining balance, why? most probably they need Hibiscus to fork out more $$$ for capex n investments
20 hours ago
1. Hibiscus cost per barrel is definitely lower than Petronas. Means that Hibiscus production capabilty and efficiency is much much better than Petronas. Just like Puspakom Gross Profit and efficiency will be better if managed by local company.
2. Petronas need to pay a lot to F1, advertising, sponsorship etc and commit a lot of dividend to government, Hibiscus just pay shareholders a bit of dividend.
3. Lower oil price is good for Hibiscus and the world as it will encourage less capex on exploration. Compare the oil price and production qty at 2019 vs current qty and the USD/MYR.
4. US cheap and easy to reach 1st tier oil wells are depleting FAST, thus the stagnant production this year. 2nd tier wells are higher cost and need more capex, thus the drop in US oil rigs.
5. USD75-85 is the best oil price for Hibiscus
20 hours ago
@investMyAxx, i am neutral on this award, basically they need more money, taking into account they just did another acquisition, the risk here is the higher future Capex + recent acquisition (need to pay) coupled with unstable energy prices (oil and gas price)
20 hours ago
What Would the Re-Election of Trump Mean for U.S. Energy?
U.S. oil production during Biden’s first year was higher than during either of Trump’s first two years in office. Experts suggest that is it economic factors and pressure from Wall Street that have deterred U.S. oil firms from significantly increasing production, which would likely be the same under another Trump government. While Trump would likely make oil leases more accessible, this would affect long-term oil production rather than immediate output.
The electric vehicles (EV) industry has grown rapidly under the Biden administration, supported by tax breaks and other financial incentives provided under the IRA. The U.S. is currently planning for a major shift away from internal combustion engine (ICE) vehicles to battery electric alternatives, supported by a huge investment in the country’s charging infrastructure. Meanwhile, Trump has regularly stated his opposition to EVs and would likely encourage automakers to slow their shift towards EV production to continue manufacturing ICE vehicles for longer.
https://oilprice.com/Energy/Energy-General/What-Would-the-Re-Election-of-Trump-Mean-for-US-Energy.html
19 hours ago
Why would US oil companies suddenly start pumping more oil under Trump. So they can spend more to earn less?! It’s not in their interests. They are not out to develop or invest significantly more in oil fields. They, like other oil producers, want to make more money and do less. If that means lower production in the US whilst keeping expenses down and oil maintains or goes up I’m sure they’re happy as Larry ;) They like/paid Trump for his policies in favour of continued oil use as opposed to what he sees as significant/unjustified investment in renewables.
15 hours ago
EVs while encouraged by Biden, was not at all successful in usa.
But it is very successful in China. And this success, coupled with wind and solar perhaps caused a dent in the consumption of fuel (petrol) leading to lower oil import.
15 hours ago
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investMyAxx
This company stock had been strongly manipulated, short selling will bring it down! Leave this shit hole if u can
3 weeks ago