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Opening touch 1.43..... Today might have ppl profit taking... See how lar... I wish to see that Mr dear Inspector... If he should up screaming again then will raise more hahahahahaha
KUALA LUMPUR (May 9): Hong Leong Investment Bank (HLIB) Research has initiate coverage on Hibiscus Petroleum Bhd at RM1.40 with a “Buy” recommendation and a target price (TP) of RM1.85 based on the NPV of all of its producing assets’ future cash flows (FCF) – based on each asset’s targeted lifespan.
In a note on Monday (May 9), the research house said it strongly believes that investors have not priced in the exquisite prospects of Hibiscus’s profits and cash flows in the upcoming quarters – mainly from: (i) additional production volumes from the completed acquisition of FIPC (Repsol) assets in Jan 2022; and (ii) significantly higher crude oil prices.
HLIB is forecasting Hibiscus’s core net profit to increase more than 3x to RM336.2 million in FY22 and to rise yet again by another 86% to RM625.6 million in FY23 – representing a superior CAGR of 146%.
“Our average realised crude oil price assumptions for the group is relatively conservative at US$90/bbl for FY22 and FY23,” it said.
I was expecting today ppl profit taking so I can be a bit red.... Even last week I already mentioned that.... But now inspector shows up... Good sign hahahaha... Won't drop much wakakakaka
maybank estimat tp of RM 1.9 is Conservative based on next qr. RM 4? maybe not in near future, we will see...investor need to understand prospct and valuation lah..if result next qr is in line with expectations or more, tp of RM 1.9 is quite likely. production increase by 3 fold , asp of oil prices higher then last quarter , profit increased by 2 fold? Conservative will be around 20 mil. company didn't apply debt to buy repsol oil field , so equity increased too
Drop a bit then so excited, hahaha... Technical pull back lar Mr.lostrack... I been hearing for 2months++ already about this "drop back to Rm1" sial....
Today and tomorrow pull back is within expectation.... I mentioned last week, Ofcoz buy or sell is up to everyone to decide.... Short term ppl will start collecting after this pull back
Ha ha ha funny man ,how is LKL, now only 0.07 ,you run already?? as well as harta is it reach 15?I mean RM15 not 15 cents,Ha ha ha really happy to see you,can't stop laughing.ha ha ha .
sherlock holmes, inspector lestrade & ken which seems to be the same person, had repeatedly ask to sell, can anyone report him for the offence under the Capital Markets and Services Act 2007 (CMSA) that is punishable with a fine not exceeding RM10 million or imprisonment not exceeding 10 years, or both..
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.
When Hibiscs gets public listed, Hibiscs has to float some shares to market. Hibiscs engaged investment bank to do this.
This investment banks hold Hibiscs shares. No matter how high Hibiscs climbs, there always someone who wants to sell. Strange right? They are actually investment banks. They also want to get their share. This is what they do.
There is another way why this happen. Major shareholders also want to make money. So, they appoint proxies to trade for them. One of Hibiscs directors owns a company in Singapore which there was a rumour Hibiscs was going to list in SGX. The info was purposely leaked to TheEdge. And Hibiscs reacted immediately the next day.
I donno which price it will close at... I cannot predict that like 3 comedians did.... I only know until Fridays hibiscus didn't close lower then 1.27... Should be still considering uptrend... If lower than 1.27... Bottom support should be Rm1.2... U guys decide on your own based on your average price....
The problem is, Richard, they are not selling. There is a friend of ours, Ken is his name used to hang with us. You remind me of him. He liked run havoc the place and we haven't seen him quite sometime already. I found him in DNeX. He likes it there.
Yeah sure it will drop soon... But also it will climb up after that... U guys been crying for 2 months++ will drop till Rm1... Hibiscus still standing at Rm1.3++ is the very fact
I wondering how come when this 2 clown ask to run and they price will go up?? Or they already know the price will up so they ask to sell so they can collect more hahaha