HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

0.905

Today's Change

-0.03 (3.21%)

Day's Change

0.895 - 0.955

Trading Volume

69,362,900

Profile
HIBISCUS PETROLEUM BHD

Exchange:  Bursa Malaysia Bursa Malaysia

Country Code:  MY MY

Currency:  MYR MYR

Sector:  ENERGY ENERGY

Subsector:  OIL & GAS PRODUCERS OIL & GAS PRODUCERS

Index Group:  ENERGY ENERGY

Category:  ORDINARY SHARE ORDINARY SHARE

Syariah Flag:  Yes Yes

Short Sell Flag:  Yes Yes

IDSS Flag:  Yes Yes

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.

Address

2nd Floor, Syed Kechik Foundation Building Jalan Kapas, Bangsar, Kuala Lumpur, 59100, Malaysia

+60320921300

http://www.hibiscuspetroleum.com

Discussions
63 people like this. Showing 50 of 98,924 comments

imvu

boleh rebound ?

1 day ago

BobAxelrod

Hmmmmm...despite heavy sanctions, WHY is Russian's Ruble stronger than ever??????

1 day ago

nazrzach

@imvu,
If you to catch a snake, you beat the grass.

1 day ago

nazrzach

@BobAxelRod,
Nevermind them.

Dear All,
US has been using economic sanctions all these years on small countries. Countries which unable to defend themselves militarily and economically.
When US impose economic sanctions on Russia, it was a big mistakes. And EU is dumb enough to follow US.
Putin has bee planning to do something about atrocities by Ukrainian facists for 8 years. Russia has been accummulating wealth quietly and play dumb even US doesnt have the clue on Russia's intention.

A girl from Russia Head Treasury, Elvira is her name come out ways how to beat US sanctions. US and EU needs uranium, titanium, crude oil, gas and etc. They have to have them. They thought Russia economy will collapse since nobody trade in rubles.
Instead, Elvira suggested that any countries want to buy crude oil and gas from Russia, they need to open an account with Gasprombank and pay in USD or EU then Gasprombank will convert USD and EU to rubles. Rubles novedived intitially but bounced back and become stronger ever since. Strongest so far.
Money transaction with SWIFT were banned but Russia open many accounts with PRC and create SPIEF.
Air travels were banned using Russia plane but PRC offers Russia with their plane. Now Aeroflot can fly everywhere..
Putin is clever. Biden is a fool. Macron and Ursula are like school pupils to Putin.

Now, 3 largest populated continent creates new economic zone and offer new trading route by air/sea/rail, trading currencies..

Hehehehe
Long Live Putin and Xi.
Malaysia will be fine. We are PRC best friend.

1 day ago

BobAxelrod

Well said, Mr Zach. Russia is now buddies with President Xi. In fact, with Nord 1 and 2 out of service, Russia is building pipelines to China. One from North is called "Power of Siberia 1" and another comes across from West into deeper China. It's now PetroYuan and no longer PetroDollar.
Biden is not a smart azzz or a great leader. Just at the right place and right time, just like Maulusia PeeM (plural)..s......

23 hours ago

VTrade

Masih dalam sempadan yang genting…

23 hours ago

BobAxelrod

At G-7 Meeting this weekend, we may see how India whom has been enjoying 30% discount of Oil Price from Russia would be positioned........

23 hours ago

TillyLovers

Jatuh lagi

23 hours ago

BobAxelrod

At current price, it's CODE YELLOW...but still chance to move up and away from a penny stock.
At below 90c....CODE ORANGE......flipping either way.
At below 83c.....CODE RED..............the acquisition of Repsol seems IRRELEVANT.

23 hours ago

TillyLovers

the counter will fall below 90 c soon

22 hours ago

treasurehunt

Price dropped to 0.905 even though Crude oil price staying at sky high. Go ahead to win the argument with the excel FA lor.

22 hours ago

treasurehunt

Share market is very fair one...most of the time, reward is either gaining emotional syiok or money.

22 hours ago

rr88

Start of uptrend 16 mar 2022 @ 1.02

Peak 18 may 2022 @ 1.49

Close below 1.02 on 22 june 2022.

=> Die. Tp = 1.02 - (1.49 - 1.02) = 0.55

22 hours ago

Knm_bottomed

All depends if WHO declare monkeypox a pandemic this weekend

22 hours ago

BobAxelrod

LOL...everyone knows rr888 always calls the stocks that he has an eye on to fall to 20c..30c...and Hibby is honored to be called at 55c.....hehehehehehehe

22 hours ago

VTrade

Orrange and yellow zone

22 hours ago

lyy5688

hibis fading like a flower,sad

21 hours ago

rattynz

Even though the stock is being unrelentingly shorted Hibiscus is still a exceptionally well run business with great free cashflow, great assets and a significant future ahead. Eventually this will shine through and sense will prevail. With the market cap now at 1.8 billion and annual revenues projected to match this with very healthy profit margins and cash flow, no debt, strategic assets and reserves in Asia the North Sea (where energy security will be an ongoing major issue) and assets which far outvalue it's share price. It's a bargain, a diamond in the rubble. Even though in now in the red I'm holding and will accumulate more becuase I beleive in the long term fundamentals of the business. I'm sure if Malaysia doesn't appreciate Hibiscus that can always delist and move somewhere like Singapore which, I'm sure, would. Time will tell.

21 hours ago

myongcc5

Well said rattynz!

20 hours ago

VTrade

Wah... delisted ke?
So priceless

20 hours ago

rattynz

Wouldn't you.. Remember they were looking at a SPAC there recently.. They aren't silly and their management hold alot of equity which they haven't been selling.. If Malaysia won't appreciate it's own special flower someone else might..hehehe

19 hours ago

searchingmoney

all counter the same, dropped after dividend ex date...

18 hours ago

CITADEL

soon below rm 0.9

18 hours ago

GoodBoy

Non stop sinking ... Next week below 0.90 ? ... Below 0.80 ? ... Below 0.70 ? ... Scary ! ...

18 hours ago

rr88

This one everyday drop one. No reboound. Bcause its MACD TERKANGKANG BIG TIME. No sign of narrowing down for a positive cross.

Stay away/cut loss.

18 hours ago

treasurehunt

It's a norm in Bursa. Look at the recent examples of plantation companies and refineries. Hot money in and out at the fast and furious way. As long as it doesn't perform like Cypark then OK already.

18 hours ago

VFTRADER

Seems like operator mission almost completed??

Ha! Ha! Blue Sky coming.....

17 hours ago

hoot9e996

what happened? oil price didnt crash that bad still above 100. why drop like this so fast?

16 hours ago

Raymond Tiruchelvam

div exdate price just few days back at 1.07 and after 3c div....... its down to 90c.... truly unexplainable, as crude stayed about the same... is there something about the repsol acquisition that we are not aware off?

16 hours ago

treasurehunt

Similar question asked by the shareholders in Petronm and Hy lor...Why share prices crash while cracked spread remains at high level?

16 hours ago

derrtan

either is foreign fund exit malaysia as interest rate hike or probably some fund manager hit the margin call..BUT mark my word.. next week strong rebound..as their own director bought a lot on 22 and 23th..they remain confidence on this counter!!

15 hours ago

paktua73

today paktua manage grab some at rm0.905
and will use all fund at rm0.88
if down paktua will hold..



tut tut
bunga raya paktua pernah hold abit long..
and hold when price down till rm0.40
now not scared..

15 hours ago

treasurehunt

It depends shareholders structure of the company also. If many retailers bought their shares with margin then they would be very worried of FED hiking interest rates and trimming their position to reduce the exposure then trigger downward spiral effect.

14 hours ago

rattynz

Datuk Micheal back in with 20 million shares... Another whole of the business..Lapping up what all you panic trades and short sellers don't want from what the fear mongerers have been sowing..maybe FY Q4 is exceptional...

14 hours ago

rattynz

Whole percent.. I meant ;)

14 hours ago

Understand

Rm0.50 cent is coming.

13 hours ago

birdparadise

Hahahaha walao eh ada discount pun tak nak beli, enjoying my nice good food n drink hahahaha lagi lagu Frank Sinatra my way, wakaka.

13 hours ago

nazrzach

From today onwards till next week, crude oil prices will rise again amid;
1. US crude oil inventory will need replenish and running low around 1.8mil bbl.
2. An emergency meeting on Thursday (today EST) between major US oil refiners e.g. Shell, ExxonMobil, Chevron CEOs and Energy Secretary Jennifer Granholm also failed to produce concrete solutions to reduce oil prices, but the two sides agreed to work together.
Granholm conceded that high crude oil prices was caused by US Government decision to clean energy transition and;
Biden admitted the effect of Ukraine - Russia conflict adding further to higher crude oil prices.
FYI.
Ps crude oil price should already rise by now.

12 hours ago

nazrzach

Breaking News
Argentina President requests to become a member of BRICS for his country.

Yeayyy
The more the merrier!!

12 hours ago

Knm_bottomed

Futures up, oil down. 50sen coming

11 hours ago

birdparadise

Hahahaha walao eh ada wang tak mau meh, Wakaka.

10 hours ago

Understand

Rm0.50 sen is coming

9 hours ago

nazrzach

U.S. oil rose by more than $3 a barrel on Friday supported by tight supply.
Low crude oil inventory week.

CYPARK is now at 45sen.

8 hours ago

linheng

today paktua manage grab some at rm0.905
and will use all fund at rm0.88
if down paktua will hold..
HAHA. SAME HERE. PUT IN 40% OF FUNDS AT 90.5 CENTS. WILL BE ALL IN IF DROP TO 88 CENTS. LONG UKRAINE WAR. NO WAY OIL IS DROPING BELOW USD$100 THIS YEAR.

4 hours ago

linheng

EPS is 15.32 cents for latest quarter. NTA is 93 cents. This does not take into consideration the coming Repsol oil

4 hours ago

linheng

Probably the sell down exuberated by the negative good will that is accounted for. Remember that the expenses went up 5X. There is considerable cost involve in this acquisition because it involves 2 countries . Its a producing asset. Contribution from this asset would be substantial. Oil price is USD. Ringgit down would be another PLUS

4 hours ago

bullmarket1628

Walaoeh, oil price spike up Like mad!
Brent closed at=> $113.12 +3.07 +2.79%

Like that next Monday Hibiscs going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

2 hours ago

williamtkb

Wao... Back to above rm1???

2 hours ago

BobAxelrod

Looks like rr888 might be in trouble shorting and calling for 55c...hehehehe

1 hour ago

birdparadise

Hahahaha walao eh,bro minyak naik,down Jones naik hahaha akan datang lagi hebat loh, Wakaka.
Walao eh cantik nanti mau pergi motor show hahaha tengok mana kereta cantik punya, Wakaka.

50 minutes ago

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