nazr zach's comment on HIBISCS. All Comments

nazr zach
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U.S. oil and gas producer Hess Corp reported a 65% rise in first-quarter profit on Wednesday, helped by a jump in energy prices due to Russia's invasion of Ukraine.
Hess said its average realized crude oil selling price rose to $86.75 per barrel, compared with $50.02 last year.
Hess Corp said net income attributable to the company rose to $417 million, or $1.34 per share, in the three months ended March 31, from $252 million, or 82 cents per share, last year.
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kniGht yOnder
just like what Skyler said, too many retailers, cannot move up
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Richard fth
Let the seller sell. We will just buy up. Once Q3 is out they will regret for selling. Same goes to short seller. they force sell . if they do not buy back in time they will need to buy at a higher price. This the only way to play.
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2 Like · 2 years · translate
nazr zach
i have been making money since 1.10. I am not arrogant. I am merely telling you the facts. This is how indicators works.
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nazr zach
indicators are like sensors or radar. They need to be tuned so that they are sensitive enough to pick up small changes in market emotions. If you fly a US F35 stealth fighter to bomb KLSE, ordinary radar can only detect you when you are 30km from KL. by then its too late for us.
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nazr zach
unknowing to you, KLSE has develop a special radar. KLSE can detect you 350km away.They can detect you once you pass JB. You need to zoom in and set your indicator sensitivity so that they are sensitive enough to pick up any changes.
Too sensitive also not good. there will be too many noise. choose your sensitivity to give you the feel you need.
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nazr zach
i am still learning. hope this helps.
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kniGht yOnder
haha who says i am using indicators, you assume too much, you assume you are the only one who knows best, that's arrogance, no point on arguing further on this
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kniGht yOnder
i have more than 10 years of experience studying chart, simplifying my chart from full page indicators down to now only 2 or 3 indicators only to highlight support & resistance, oscillators & divergence basically are useles
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kniGht yOnder
we are here to only share different perspectives
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kniGht yOnder
we don't insult people, we only talk points & figures
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kniGht yOnder
don't make here like what happened in glove forum
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葉彍菘
relax relax....we are not enemy, we are one....sabar ya
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kniGht yOnder
keep this discussion healthy
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kniGht yOnder
ya relax, of course we always hope for the best
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kniGht yOnder
sometimes miracles do happen
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kniGht yOnder
no 100% sure thing in stock market
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kniGht yOnder
hehe
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葉彍菘
good good...lovely
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kniGht yOnder
omg result is out, see how price reacts to this
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Meaw Meaw Cat
why price going down ??? meaw meaw
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Skyler 8020
My English lousy, is it repair vietnam hvnt sell any oil in this quarter? It become receivable right?
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nazr zach
KUALA LUMPUR: Hibiscus Petroleum Bhd's net profit in its third financial quarter ended March 31, 2022, leapt nine times to RM307.54mil from RM32.03mil in the previous corresponding quarter.
The oil and gas exploration and production group reported revenue of RM297.06mil, a 37.54% increase over RM215.98mil in 3QFY21.
Earnings per share rose to 15.32 sen compared with 1.76 sen in the comparative quarter.
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1 Like · 2 years · translate
nazr zach
For the nine months period ended March 31, 2022, the group made a net profit 
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nazr zach
Hibiscs is up and running at 20,000bpd
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Meng Wong
Haha good qr also drop, bad qr also drop
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Naoki Maeda
So as i expected basically.. They were saying target was 24000 bpd.... Only achieved 20k.... So actual not 3fold but 2.5....
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lawrence hou
kena ODSS.....
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kniGht yOnder
price action already told you
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Naoki Maeda
@Narz any ideas why Administrative expenses increased 1b compared to previous QR?
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Lau Ivan
Goodwill make a report look pretty.. Lol actually bad qr.
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Samuel Chan
@naoki more oil field , had to paid more salary
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nazr zach
bizzarre event just now. I will ask SC to look into this in great detail.
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lawrence hou
u see how much IDSS today. later IDSS ALL NEED TO BUYBACK
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teo chee kiong
Now is start going buy back
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Dan Nn
now is idss buy back only.
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Bryan Ang
hope can reach back 1.4
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Naoki Maeda
@Samuel i know have to pay more salary but just a bit over my expectations.... Hahahaha.... Just wondering is there any details got list any extra expenses or not.....
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nazr zach
What matter most is Hibiscs investment on all those fields has bear fruits and meets our expectation and estimates. On a side note, oil price from Jan - Mac has high variance. I expect more revenue and earning in this coming 4QFY22 where oil price fluctuates at tighter range min USD100 to USD130bbl.
Hibiscs always finish what they start. Well done, old chap. Keep up the good work. EPS=22 PE ratio=6.
Next stop, Australia.
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nazr zach
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葉彍菘
thanks bro...u have done your best...rest well and fight again tmr
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Sherlock Holmes
hahaha still got energy to fight ??? Respect , money gone, blood bleeding
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葉彍菘
relax la Sherlock...hilang wang, dapat persahabatan....berbaloi
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nazr zach
Natural gas surged above $9 per million British thermal units (MMBtu) Wednesday, hitting the highest level in more than a decade as dwindling inventories push prices higher.
U.S. prices surged more than 6% at one point to hit a high of $9.399 per MMBtu, the highest since August 2008.
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1 Like · 2 years · translate
teo chee kiong
請問4383有多少profit 才值得買?
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Sherlock Holmes
wake up lo , stop losing your money
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nazr zach
Teo, according to Kenneth Leong from Malacca Securities on his analysis released last November, he foresees CPO prices to remain on a high note, averaging between RM3,5004,000/MT in 2022, which bodes well for the plantation industry in general and he estimates Jtiasa TP was 0.87.
But in Jan - Mac this year, average CPO price is around MYR5,500 per ton. Min TP should be near MYR1.25.
Jtiasa QR scheduled for released this Friday and they will make more net profit than usual. Wish you all the best.
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Samuel Chan
if u read carefully , new oil field vietnam/kinabalu dosent contribute to production yet
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黄麒安
last qr report mention daily production rate is 23000 boe and now say 20000 only
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Samuel Chan
@黃cause new asset uptime is only 2 months, the aqusition is only settle at end of January
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teo chee kiong
Thank Nazr zach
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nazr zach
@Naoki, Does Hibiscs has enemy or anyone from within to takeover Hibiscs?
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Naoki Maeda
@Nazr I donno what bring u to this thought and I also not really clear what your question.... But for "Enemy" this term... All I can say... None of the business company is 100% clean more or less there's skeleton in their closet...
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1 Like · 2 years · translate
nazr zach
I am from oilngas too. I am sure Hibiscs have a good governance and High ethics employee.
Yesterday shorts initiated by few people with big funds. I just trying to figure things out.
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Apih
normal la some people short. part of trading. some people take profit first. i sold everything at 1.47. with yesterday report i will say the revenue from new fields is not so clear. best value at the moment for me is 1.2.
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nazr zach
Apih, 1.2? Show me quantitatively how you deduce your estimates to 1.2? This is going to be interesting.
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Apih
again. its part of trading. you can have a good quarterly in billions with strong fundemantal but if investors consensus don't agree than i wont move or go even go. I'm willing to risk my money at 1.2 or lower. not more than that.
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Naoki Maeda
Agree with Apih, & not only just this....

I believe everyone have their own ruler in their mind... Different person measures the value differently... For this case QR did not met most ppl expectations so profit taking or panic sell can be happen, it might take a bit time to settle down... Or maybe just 1 day?
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nazr zach
why did you say recent QR did not many expectations?
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Apih
the profit announced yesterday its a creative accounting thing. minus negative goodwill, income from production is very poor.
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Richard fth
Hi Nazr. Could you provide more details for the Repsol to Hibiscus. ?. I read they are still not control or run by Hibiscus but still under Repsol.
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nazr zach
i read through at one glance. but let me read again. One thing for sure;
1 Hibiscs aim to achieve max capacity of 50,000 including new acquired assets.
2 total oil production was 20,000bpd for 3QFY22; just shy 4000bpd from estimates. This is because Ping Pet FPSO under turnaround to replace and repair problems with their risers. Anasuria unable to operate at 100% capacity. current Ping Pet FPSO only produce 5,566bpd
3 North Sabah Sea production capacity is 14,445bpd
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Richard fth
Guys. Please see Armada. Seem like they are going to play this counter.
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nazr zach
4 New Assets. Hibiscs acquired Repsol (Malaysia) & Fortuna (Vietnam) in late January and only made payment in full at the end of February. This new asset have already started producing at 25,355bpd.
4(i) Kinabalu Oil PSC, 10,547bpd capacity. There was unplanned platform interruption during that quarter.
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nazr zach
5 PMA CAA PSC. Overall performance in Feb n Mac has been generally good.
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Richard fth
Nazr. Thank You. . Now we all know the full story. BUY OR SELL . it is up to individual.
If You see and understand the direction of the boss. YOU will invest in this company. There are some more the boss are plannning. Which will eventually overtake O&G industry. .
See the SC still did not approved the new Rm 2 b .
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nazr zach
Nothing I say will do any good anyway. Bomoh can make a lot of money in this market.
SC didn't approve PP or whatever because SC wants to fair to minority shareholders. Hibiscs has been suppressed by PP for a very long time. Hibiscs IB hold prices back to get more buyer..
Our local market full of amateur traders who pluck their price from the air. Indonesia has a lot of Bomoh. Go there. Maybe they can help.
Amateur traders really insult my intelligent.
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Samuel Chan
look at cash flow, this counter will be a money printing machine, and it's not at full capacity yet
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nazr zach
tell Dr Ken, take hibiscs private.better.
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nazr zach
Samuel.. thats my point. but our retail investors mentality sickens me. TM QR made some profit but short from expectation but still TM share price wrnt up as much as 21sen today..
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nazr zach
it would be a good idea for hibiscs to list in SGX. They can make more money there
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Apih
nazr, may i know how long have you been trading in klse mind asking?
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nazr zach
since Air Asia gave dividend 100sen per share
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nazr zach
Apih, do you know when that is?
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Samuel Chan
I plan to take profit in the future too , when the crude oil up cycle is close to end , as the way I see it, the cycle is not ending..yet. and second of all , the company production capacities is not fully demonstrated, why the haste? its not like I am losing money..
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Empyreal Pegase
really creative accounting... from what I gather, the acquisition already contributing profit and this sum is also equal to the negative goodwill? mcm itu kah?
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Empyreal Pegase
@samuel I think this is going to be only the beginning of the crude bull cycle. the distillery spread is at a all time high. some facing a supply crunch, nothing to work on and forced to buy higher priced blend. US driving season just started. and they were saved by China lockdown or else who knows where the price of crude will be today
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Samuel Chan
look at the crack spread , it's at all time high, usually crack spread is leading crude oil prices by 1 month...so no hurry...and I am not a chartise, chart is the result , fundamental is the cause. chart made no sense to me. 80-90 % oh the "investor" look at chart , and they are not making money..following the herd and praying outperform the herd is crazy..
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1 Like · 2 years · translate
nazr zach
@Samuel, thats the 2nd time you said shows you are well verse in oil E&P. Sadly, market is full of pretenders. And they are easily fooled. IBs capitalised on this. Hibiscs PE ratio is low 6. EPS is 22sen. hibiscs will increase oil production from 8000bpd to 24000bpd. And hibiscs is aiming to go for 50,000bpd. I told this to everybody. You know a guy name Chee said? He said EPS 22sen is far fetch. I was dumbfounded. how the hell he come to that conclusion!!!
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nazr zach
if there is excess in crude oil supply, oil price will drop. but this is not the case. brent oil futures remains around USD114 to 115boe. US Inventory also tight. but thats because US Refineries is running st full capacity to supply stocks for coming driving season. Shanghai is slowly easing their lockdowns. ppl started to move around and go shopping. restaurants has opened up.
But thats beside the point. There are many pretenders unqualified CFA here in hibiscs. Hibiscs is fool sells.
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nazr zach
Since yesterday crash, price already reversed and hibiscs momentum has been distinguished.

Price drops further to find buyers at lower price. If price falls within 20%, it already in a bear territory. You need strong sentiment to push Hibiscs up. As crude oil price is at high level now. Hibiscs already running at 45,000bpd starting in April. Does retail investors care? All the know, they want to buy hibiscs at 50sen.
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2 Like · 2 years · translate
nazr zach
if i were Dr Ken, I will take hibiscs private or LLC or list in SGX or terminate their investment bank.
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Naoki Maeda
Frankly.... Target is target... Can achieve or not is different story... There's always story and reason for unable to achieve what they set...

I'm not saying hibis is incapable... But being caution is never a wrong things to do.... Although I still believe in hibis... But I only expecting they possibly achieve 40k bpd

Like recent QR I will only expecting 2 fold revenue instead of 3 fold.... But still it just a bit higher than previous QR....
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Skyler 8020
Hibi daily production now only 20k isn’t it? Their target make 40-50k in 2025 isn’t it? Correct me if I wrong
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nazr zach
no. they already started running at 45,000bpd since last April.. but what difference that it make. hibiscs made 9 fold net profit and price crashed instead of soar high.
i suggest hibiscs terminate their current IB and appoint Citibank. With Citibank worldwide network, hibiscs will do better than with current IB.
there is too many negative sentiment in hibiscs now caused by retail investors. IB just capitalise on this to their advantage.
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nazr zach
Hong Seng net profit after tax increased 4 times q-o-q. Hong Seng share price jumped 12 sen today.
Hibiscs net profit after tax increased by 9x. Instead for starling performance, Hibiscs crashed 11sen. Expect further sell off in future unless Hibiscs terminate their IB and switched to Citibank.
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Richard fth
Nazr. Nevermind. We are investor. They sell much lower we buy . If the retailer. want to sell let them. We buy at a low price.
They know that this company is a good.
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葉彍菘
it is ok bro....we will come back next times, even stronger. Thanks Bro Nazr
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nazr zach
boss.. its about trading dynamics. here are the problems.
1 Momentum. All these while we took advantage in anything that can generate Hibiscs revenue e.g. high crude oil price, economic activities, geopolitical tensions and etc. We take advantage of these dynamics solely for 3QFY2 Financial performance. We are expecting Hibiscs make an extraordinary gains from their investments on new assets + higher crude oil prices.
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nazr zach
1:39PM; The Star put Hibiscs on their headlines. Told us about Hibiscs excellent financial performance.
2:30PM; Many eager to see hibiscs share soar but to our dismay, short sellers steal the show. steal our moment. Hibiscs dropped 2 sen in a blink on an eye.
2:46PM; Short sellers continue but this time, there were 20 of them shorts as high as MYR250k each. Auto cutloss triggered. Hibiscs dropped even further to 8sen. At this time, our friend Sherlock appeared and sound off.
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nazr zach
Many of my friend give out their positions. Price dropped further 1.29. At that time, some of our friends even suggested they want price to drop further down to 1.20. I dont think they know what this will do to hibiscs.
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nazr zach
IDSS is permitted to make small corrections. We can understand that. When average price is high, buyers are less, that shows there is no buying interest. So they short. We understand this. But;
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nazr zach
When any stocks drop below 20%, especially on excellent financial performance, what this does to hibiscs was they extinguished hibiscs momentum. Yesterday was perfect day to go higher. Crude oil and natural gas futures are this high since last March. 9x net profit. 20,000bpd.
The question is why Hibiscs crashed?
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nazr zach
2 Recovery. What can we do to make Hibiscs recover her previous position? Waiting for Crude oil price spike to USD130boe? Its not going to happen. China invade Taiwan? I dont think so. China smarter than that.
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nazr zach
Whoever short yesterday had one thing in mind. They want to kill of hibiscs momentum. IB realised they made a mistake. We are not sure if Hibiscs has reach the bottom as short sellers love what they are having now. If hibiscs drops further, hibiscs will become like DNeX today. Its a one sided trading affair in hibiscs.We are small and they are many.
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nazr zach
Minority shares are for minority shareholders. SC Act made it compulsory for listed companies to float ordinary shares so they can share wealth with the public. The chasing for lows is absolutely for traders who need help.
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Apih
long write up but sorry that's not how trading works in reality.
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nazr zach
we will see.
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Apih
Don't get me wrong. hibiscus will go up but its normal to retrace. i sold my shares at the peak and buy again when the dust settles. just like when i bought at 70c sold at 93c. dropped back to 80c i bought and sold again at rm1.
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Sherlock Holmes
so sad when saw this shares price, see you at 1.0
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Apih
rilek all. tomorrow will shoot up. but i will stay out of this round.
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