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Tuesday resume trading. All think UP, got risk of down also... Hibiscus to aquire Repsol's FIPC for USD 212.5 million (RM 879.5 million). Good thing it adds Vietnam & Malaysia to Hibiscus portfolio, while Repsol expand towards US. Shall oil price spike post aquisition, it directly benefits Hibiscus (^.^)/$$$
@marcus, release only small amount XD... Looks like got chance huat when see release didn't impact much on supply... but demand must remain strong though...
US inventory at 3.5mil bbl
World oil consumption at 100mil bbl
PRC covid19 in Shanghai is easing
PRC covid19 in Beijing is a relief
OPEC oil supply down by 332k bbl last month
Ukraine shut off gas supply from Russia to Germany
Russia asked Germany to open Nord Stream2 for emergency supply to Germany...
Energy prices remain high for now..
No sign of easing..
US dollar spike again to USD1=MYR4.39
No sign of recession in Malaysia amid accommodation effort to cost of living by Malaysia Government
I am afraid for hibiscs, hibiscs is sensitive to news. Hibiscs is news driven stocks. I will do my best to provide you all the info you need to make decision what to do. If you dont hear from me on some particular day, you know what that means, k?
FYI. Bursa has added Hibiscs into Morgan-Stanley Global Standard Index, MSCI. This will allow world market access to investment evaluation by Morgan-Stanley in emerging market here.