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EBH.. Investors are worried about unpredicted fluctuation of oil price... It can go down 10 -12% within a short while. Annual sales in 2023 was 2.3bil. imagine of 10% drop in average oil price means profit shortfall of 230mil. Recent oil price of 86~87 is a jolly good sign should give a positive impact on its share price!!
Investors look at future prospect of a company especially their Asset Portfolio; Licence tenure, direct interest, operatorship... Licence tenure for Australis ends in 2025 & 2026, Vietnam in 2027...! Hibiscus stock is very sensitive wrt Bent crude price and gas price where it has totally no control over it.
RHB is ok but not Hibiscus!! You should read Comments for Hibiscus mentioning about the earning of Hibiscus very much pending on Crude oil price. It was about 90 USD on ave i 2023.. but now it is about 80 USD that will severely affect its EPS.