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US and EU don't want to buy Russian crude oil and natural gas. Energy supply is tight. Energy demand is high. Energy price go to the roof.
Then EU has to buy energy from elsewhere. Where EU buy their energy? US of course. Plus weapons aids to Ukraines. Currency trading is US currency. US currency goes up. Going strong now.
Who benefit from all this? Not US. Not EU. Hibiscs gets the benefit!!!! YEayyyyy
4QFY22 in Sept will show hibiscs net profit and EPS jump!!!!!
Naoki, set your time frame to 5min. Then you will see vol spikes. Now, Hibiscs 1.40. There were 250 ppl want to sell at 1.40. I guess these ppl are those who have been holding Hibiscs share since the beginning..
Naoki. I don't worry so much abt that. Every Friday closing, market maker prepare stocks for next Monday opening.
If stocks close lower today, they know what to do next Monday.
Bryan, if we all want Hibiscs price to reach MYR3 and more, we need Hibiscs earning / share around 20sen.PE ratio=P/E; E=P/PE ratio=300sen/15=20;
Hibiscs needs to make 2.5x current EPS which is around 8.53 now.
Maybank set Hibiscs low TP at MYR1.70 for FY22 based their forecast crude oil price average of USD75/boe throughout this year.
But now, we see crude oil price remains higher this year. More than USD100/boe.
That excluding:
1. Higher crude oil price in Jan - Mac in next QR & Apr - June for 4QFY22 QR
2. Higher currency exchange rate which will reflect in 4QFY22 QR due to release in Sept'22
3. Oil production from Oilfields in Australia which will only start next 2023 with max total overall capacity of 50,000bpd.
Overall, Hibiscus is the best play for a cyclical, rising energy price market. It is fundamentally sound, financially resilient and offers compelling growth (3-year NP CAGR of 80%) with undemanding valuations.
Maybank TP 1.9 based on 1Q22+2Q22 with
1 forecast Revenue increase to MYR1.7bil @USD90/boe for FY22
2 Expected net profit increase by 3x to MYR322mil for FY22
2a OPEX is low comparing to its peers about USD20boe
3 Currency exchange was not provided
4 Expecting Repsol to contribute 15,000bpd on top of 8000bpd
5 Revenue for FY22 as at Dec'21 is MYR531mil & Net profit MYR50mil
6 Additional income selling 30% stake in Marigold, UK about USD75mil will add on top of total oil sold
Hibiscs only have 2 more quarter to go with still under MYR1.2bil to meet target. With energy market high demand for crude oil, Hibiscs can achieve MYR600mil revenue and for this 3QFY22 and another MYR600mil in 4QFY22.
Increase in oil prices and currency exchange will be extra bonus to shareholders..
Pheww... Pening wor..
Hahahaha
Thanks for the info, i still stick with my plan before, waiting for 22Q3 & 22Q4.... If things not as what i expected... I might find a better opening to sell, if good then i continue till 22Q4 hehehe.... Estimate Q4 25th August....
@Bryan... Nazr always mentioned Hibiscus worth Rm4++.... And i thinking after Q3 should be at least stay Rm1.7++ or above, But nothing is certain in stock market, stay caution and follow your own strategy
Bryan.. Yes. For Jan - Mac performance, we will see Repsol start contributing from March onwards with extra 15,000 barrel per day.
For April - June, hibiscs will run at full capacity 23,000bpd. Coincidently, oil n natural gas at elevated price. And US Dollar jumped and stays high till the rest of the year.
Maybank estimation is on the low side @USD90 per barrel. Since March, price playing around average USD110.
Mmg jump laaaaa
Naoki, I am staying. I will stay until hibiscs produces 50,000bpd. this is what i suggest we do. We keep some money in hibiscs until they reached 50,000bpd. oil business is good. So take advantage on this good trend and make money..
You sell, you kn hantam..
wakakaka
p/s you can sell some but i suggest you buyback when prices are in your favour.
Bryan, its possible.
1 US API Weekly Crude Oil Stock dropped due to high demand last week.
2 US Dollar show no signs of weakening. US Dollar jumped amid strong demand for the currency.
Bryan, HLIB estimates as mine. Pls see below.
KUALA LUMPUR: Hibiscus Petroleum Bhd's net profit is expected to increase more than three times to RM336.2 million in the financial year 2022 (FY22) and rise by another 86 per cent to RM625.6 million in FY23.
Hong Leong Investment Bank (HLIB) Research said the increases would represent a superior compound annual growth rate (CAGR) of 146 per cent.
"FIPC assets would boost an additional 14,300 and 14,600 boepd for FY22-FY23, effectively increasing production output by almost three-fold to circa 22,100 and 23,400 boepd, respectively.
"As the acquisition of FIPC was completed only on January 25, 2022, we would only be able to see this asset's contribution to the Hibiscus group in its upcoming third quarter (Q3) FY22 results and beyond," it said.
"We expect oil prices to stay elevated due to the demand from economic reopening and rising concerns about possible oil supply shortage in the wake of geopolitical tensions in Eastern Europe and supply disruptions in the Caspian," it said.
HLIB Research has initiated coverage on Hibiscus with a Buy call and a target price of RM1.85 per share based on the net present value (NPV) of all of its producing assets' future cash flows (FCF) – based on each asset's targeted lifespan.
1 EU didnt get consensus to ban import crude oil from Russia. They need Greek, Serbia, Hungary, Croatia and a few others to join them. These countries still needs crude oil from Russia. Greek not only need crude oil from Russia, they also provide cargo ships. EU are now finding ways how to make changes on their sanctions so that Russia cannot sell gas and crude oil in EU e.g. block insurance companies from insuring crude oil cargo ships. Majority insurance company base in UK, France, Germany.
Actually, it was planned to earn gain.
This morning, prior market opens, bidders and sellers key in their bidding and selling price. Sellers asked for higher price while bidders as usual bid at lower price. But there are very few bid at extremely low price as low as 98sen for just 100shares. No one wants to sell their shares at 98sen.
But some1 did sell at 1.30 to a bidder bid for 1.30 with 32,500shares. So, it was sold.
That's what lead us to today situation.
Its a setup. Erased all our gain.
becos last week no idss then hibiscus n especially hengyuan flew to the moon. y didnt shorters questioned y no idss last week?....cos the buayas allowed it to happen...
Chee, it was not short. Previous price was 1.41. The next day opens at 1.30. Hibiscs minority shareholders are the largest shareholders in Hibiscs. This act yesterday is a selfish act. And its against the Security Act. I already lodge a formal complaint to SC with documented evidence.
it lookslike they were prepared, coordinated and their timing is spot on. Today is the 2nd time it happened. Someone ask afew thousands up for sale at 1.31. Within 2 minutes, they were all sold. They purchased from 200 units ea to more than 20,000 units. When there is coordinations, then its a manipulation.
I already filed a report on this to SC and they already replied and will look into this further in great detail.
I havent seen anything like this happened elsewhere before!! Opening gap down as much as 10sen. Not only once but already 2 times this year..Not in Telekom, Simeplt, PetDag, PetChem, ATAIMS (wakakaka... Barry clever. He was willing to queue buying ATAIMS after a week waiting bcos of 3x limit down)..