HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

2.54

Today's Change

+0.01 (0.40%)

Day's Change

2.49 - 2.59

Trading Volume

4,548,200

Overview

Market Cap

2,045 Million

NOSH

805 Million

Avg Volume (4 weeks)

1,679,580

4 Weeks Range

2.49 - 2.68

4 Weeks Price Volatility (%)

26.32%

52 Weeks Range

0.85 - 2.98

52 Weeks Price Volatility (%)

79.34%

Previous Close

2.53

Open

2.55

Bid

2.54 x 578,400

Ask

2.55 x 64,000

Day's Range

2.49 - 2.59

Trading Volume

4,548,200

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#2] | 20-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 24-May-2024

T4Q P/E | EY

4.53 | 22.08%

T4Q DY | Payout %

3.98% | 18.05%

T4Q NAPS | P/NAPS

3.56 | 0.71

T4Q NP Margin | ROE

18.80% | 15.76%

Market Buzz
Company Profile

Sector: ENERGY

Sector: ENERGY

Subsector: OIL & GAS PRODUCERS

Subsector: OIL & GAS PRODUCERS

Description:

Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.

Discussions
67 people like this. Showing 50 of 104,427 comments

James_Bond

Recession around the corner, dude! Are you dumb or blind? No wonder keep on losing money!

1 month ago

Phoebe

Lol...so fast my prediction come right. @^_^@

1 month ago

Apple4Oranges

Shares buyback again from Hibiscus. Still thinking to short this counter?

1 month ago

wattsy

EPF bought 3.2% last year and hibiscus also mopped up shares last year under their previous SBB mandate and are now buying more this year as the price is stil too low.. So with another 13% locked up of which at least 10% of hibiscus shares are removed or distributed back tk shareholders.. Coupled with so much insane geopolitical tension at present.. Is this not a wonderful long term investment???

1 month ago

James_Bond

Are you nuts to long cyclical O&G business??? No wonder you keep on losing money…

1 month ago

wattsy

Very funny that.. I have been making money, that's the whole point! Ur no crystal ball gazer bondy.. If urve nothing constructive to say, just wanna fear monger, put others down, and bask in ur own vain fake prowess, go somewhere else.. keep talking into that mirror

1 month ago

Six6thsense

PE = 1/2 kx2 First law

1 month ago

UncleFollower

CEO achieved what they want. No more volatility...no more hibiscus to trade, now catered for warren buffett investors, own forever, byebye Hibi

1 month ago

Apple4Oranges

Shorties scare to short Hibiscus one because its NOSH isn't as much as TG 😁

1 month ago

cindywang

israel palestine war

1 month ago

cindywang

middle east bom area

1 month ago

cindywang

hope missile don't fly wrong to bomb storage oil

1 month ago

Apple4Oranges

Red sea also got conflict. WW III is about to break out? 🤕

1 month ago

NinjaInPyjamas

Red sea tension was always there. The premium is already priced in. Forecast oil shd be in range of USD75-85 this year. Hope hibiscus can smoothly execute their production increase to 35k barrels as soon,.

1 month ago

tpee1999

just bought a few units only

1 month ago

wattsy

Yep, bargain now. What happens when hibiscus cash in hand is more than its market cap?! Another year and we’ll be there

1 month ago

kl_guy

brent going for usd 88-89 level . macd look positive

1 month ago

James_Bond

Brent oil crashing to UsD 77! Good Luck!

3 weeks ago

kahhoeng

fainted, brent above 81 and hibiscus still 2.54-2.55, proxy to oil price???

3 weeks ago

witan

This counter habis lah. When oil price spike up - share price didnt move at all but when oil price went down - share price went down. mana boleh :(

2 weeks ago

3lephAnt

SBB so far has been half-hearted

2 weeks ago

witan

Not sure whose is the officer in Hibiscus who do the SBB?

16-Jan-2024 Buyback 300,000 2.650
05-Jan-2024 Buyback 153,900 2.500

Very inconsistent. Like they dont know what they are doing :(

2 weeks ago

Six6thsense

Sabar. Nothing goes wrong.

1 week ago

NinjaInPyjamas

Fundamentals extremely solid, while bringing in a lot ca$$$$h. Hope it doesn't spike too fast. Collect patiently guys

1 week ago

kahhoeng

brent up, armada up 2.7% and.... hibiscus nothing???

1 week ago

wattsy

Wow RM102 million profit on depressed oil prices…

1 week ago

NESARAJAH1

Wow. Good Quarter

1 week ago

maps

why no limit up

1 week ago

SincereStock

good QR? isn't it worse than previous QR while oil price is better during sep to dec (current QR) than june to sep (previous QR)?

someone please correct me if I am wrong

1 week ago

Eric Lim

yes, you are right, faster sell, i want to collect cheap ticket

1 week ago

SincereStock

@Eric Lim I don't have ticket how to sell lol I am serious with my question doing study here

1 week ago

kahhoeng

And I thought Hibiscus would easily cross 3.00 by now and gradually climb towards 3.50, sigh!

1 week ago

SincereStock

I am a little confused here

first of all I am not an investor or follower of this counter. I had a glance over this counter this 3 months ago during it's previous QR announcement, at that time, I overlooked this counter for not realising there are share consolidation 1 month before the QR announcement, due to that at that time I am misjudging the counter to be overvalued (misjudging it's price at 2.5x higher value). it should have been a fairly good QR otherwise. but then price dropped from 2.6 to 2.3 since there.

today it's price back to 2.6 price level, this afternoon, by reading it's just announced QR I just realise the share consolidation taken place due to it's adjusted NTA. considering to buy some this time, but then also realising it's QR is actually not as good as the previous one at the similar price level. so I hesitated and didn't make any move

1 week ago

SincereStock

hope someone can kindly give me some good insights for enlightment here~ thank you

1 week ago

SincereStock

by the way, I also realise that half it's NTA is made up by intangible assets

1 week ago

Six6thsense

Boring. Continue to hold and go sleep for another 3 months

1 week ago

kahhoeng

Hibiscus market cap is currently valued at 2.13 billion. It's reporting a net profit of 256 million in the first 6 months of FY24, generating a healthy operating cash flow of 560 million. At current crude oil and natural gas prices, it's looking to make at least 450 million FY24, i.e., Hibiscus is trading at 4.7 PE. Even though they are of different sectors within the oil and gas sector, just compare its earning, market cap with Hengyuan, Petron, and PetDag.

1 week ago

wattsy

Not forgetting the RM892 million they have in the bank as unrestricted cash.. Yes this quarter was down which was expected as oil prices retreated alot however they still made RM100million + on increased production of 22 million barrels oil equivalent a day. The present quarter will also be excellent - 120mill+ I beleive. Share buy back is Progresso g although still not as agrees ive as they could/should be. The have also covered significant capital works during the quarter with the drilling of a number of wells wjichbhave increased production in Sabah and are not yet completed. Oils set to increase again on supply concerns and the outlook for Hibby is excellent..

1 week ago

NinjaInPyjamas

Ignore oilprice. Focus on production and cashflow. High interest rates and lower end oil price is good for supply. Pray for a mild recession would be a bonus!

1 week ago

Apple4Oranges

Oil price has been sustaining at US 78 - 80 per barrel there and it is quite stable

6 days ago

kahhoeng

wordless... oil up, hibiscus not moving, oil down, hibiscus down

3 days ago

witan

Well the share buyback announced by the company has been sporadic with no direction. When the share price shoot up, they buy it at high price 2.65 but when the price drop they stop buying ???

3 days ago

kahhoeng

no money for buyback lah... all into oilfield development

3 days ago

Apple4Oranges

Hibiscus will continue to grow then

3 days ago

kahhoeng

at curent brent price, Hibiscus is at least making 400-450 million every year, making Hibiscus a company with PE less than 5.2???

7 hours ago

mamakspecial

You think the red sea attack will stop? israel and palestine has been at war for decades..you think israel can erdicate hamas that easily..hamas is an idea..not a group of radicals ..you cant destroy an idea..unless israel kills all palestian..there will always be another hamas to fight israel ..israel is a thorn in the middle east..at least at the eyes of the arabic world..their common enemy is israel even though arab countries are not united..its because of USA..arab world just let israel be..so houthi will continue to shoot ships that sail that red sea strip cos usa and uk has alr attacked them..so now its houthi agenda is not just palestine ...they are also at war with usa and uk too with iran strongly backing them..things wont go back to normal..oil price and freight charges will remain high..unless opec and usa both of them ramp up the production non stop..but opec wont allow that..

6 hours ago

Six6thsense

Boss behind pattern more than badminton

4 hours ago

Sangranghaeyo

Long war on the red sea without a doubt...unless Israel promise to cease fire and admit Gaza is a country. Ha

2 hours ago

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