HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

1.05

Today's Change

-0.02 (1.87%)

Day's Change

1.03 - 1.07

Trading Volume

17,458,800

Overview

Market Cap

2,113 Million

NOSH

2,012 Million

Avg Volume (4 weeks)

16,850,547

4 Weeks Range

0.93 - 1.08

4 Weeks Price Volatility (%)

80.00%

52 Weeks Range

0.695 - 1.51

52 Weeks Price Volatility (%)

43.56%

Previous Close

1.05

Open

1.07

Bid

1.04 x 180,700

Ask

1.05 x 517,300

Day's Range

1.03 - 1.07

Trading Volume

17,458,800

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2022 [#1] | 22-Nov-2022

Next QR | Est. Ann. Date

31-Dec-2022 | 17-Feb-2023

T4Q P/E | EY

2.99 | 33.45%

T4Q DY | Payout %

1.90% | 5.69%

T4Q NAPS | P/NAPS

1.22 | 0.86

T4Q NP Margin | ROE

34.40% | 28.79%

Company Profile

Sector: ENERGY

Sector: ENERGY

Subsector: OIL & GAS PRODUCERS

Subsector: OIL & GAS PRODUCERS

Description:

Hibiscus Petroleum Bhd along with its subsidiaries is engaged in exploration and development of oil and gas. It has operations in Middle East, Norway and Oceania regions.

Discussions
64 people like this. Showing 50 of 103,150 comments

mrcrab

China trim covid quarantine time

2 weeks ago

zhangzuode

mrcrab - source please, thanks,

2 weeks ago

mrcrab

WSJ & CNBC.

2 weeks ago

GLNT

Who is placing algo to run down Hibiscus share price? Each buy up is immediately followed by sell down.

2 weeks ago

smshahrom

yup China eases covid curbs

2 weeks ago

dashengyong82

Oil steadies on US inflation data, but set for weekly fall due to China Covid fears

2 weeks ago

dashengyong82

Oil prices picked up on Friday after a milder than expected U.S. inflation data reinforced hopes that the Federal Reserve will slow down rate hikes, boosting chances of a soft landing for the world's biggest economy.

Prices were still set to show a decline for the week after COVID-19 cases in top oil importer China jumped, raising fears of weaker fuel demand.

Brent crude futures rose 21 cents, or 0.2%, to $93.88 a barrel at 0500 GMT, extending a 1.1% rise in the previous session.

U.S. West Texas Intermediate (WTI) crude futures gained 22 cents, or 0.3%, to $86.69 a barrel, after climbing 0.8% in the previous session.

2 weeks ago

MoneyMakers

Midweek abit oil pressure (guangzhou lockdown) but strong rally after china loosen covid policy

2weeks till another excellent QR (hopefully xtra div)

3weeks till EU oil ban (Dec 5) + vote share capital reduction/share buyback (EGM Dec 1)

Just sit back relax & see how high Hib can rocket yr-end

2 weeks ago

mokluhanj21

interesting to see that Hibby is now trading at 4x FY24 Earnings only. :) [Hong Leong IB Note 10 Nov 22]
shock and awe please Dr Kenneth. declare crazy dividends and the market cannot ignore this counter anymore :P

1 week ago

HafizAjiad98

Tunggu Hibiscus keluar q1 results dulu bulan ni

1 week ago

derrtan

The QR will not be good compared to previous Q due to short of 1 time offload and oil price average a but lower than previous Q.

1 week ago

HafizAjiad98

Setuju. Saya rasa Hibiscus masih boleh menjana pendapatan kira-kira RM700 juta untuk Q1nya

1 week ago

BobAxelrod

Heavy selling today.

If Hibby has anything to do with yesterday's Gas pipeline explosion in Lawas, which killed 1 person, it's screwed. Petronas has said would give more details later.

1 week ago

Phoebe

Does hibiscus operate any gas in sarawak? I thought they only involved in gas after acquiring repsol asset which is the PM3 that operating in Vietnam.

1 week ago

smshahrom

nope, its belong to petronas

1 week ago

NatsukoMishima

Oil price keeps dropping
......

6 days ago

King_trader_shadow

Sadly, I should have exited, when it hit 1.07 that's like triple top of the downtrend.

6 days ago

derrtan

once trigger share buy back...should be around 1.2

5 days ago

BobAxelrod

It won't breach 1.10 for sure......Go figure.

5 days ago

MoneyMakers

“OPEC plans Dec production increase (WSJ)” - no wonder oil nonstop heavy drop

5 days ago

slts

fake news

5 days ago

HafizAjiad98

Suadi telah menjelaskan bahawa mereka tidak akan meningkatkan pengeluaran minyak

https://www.reuters.com/business/energy/saudi-arabia-eyes-opec-production-increase-wsj-2022-11-21/

4 days ago

derrtan

QR out.

4 days ago

Sangranghaeyo

Hibiscus Petroleum Bhd is keeping to a rosy outlook as it is confident the current macro trends driving the high energy prices and strong performing US dollar will continue.

4 days ago

newbie8080

Q-o-Q revenue doesn't look impressive where sale price avg below USD100pbl.
Now crude oil is aleady below USD90 pbl in anticipation of next year's recession and more China cities lockdown.
My opinion, it's all but over for crude oil rally.

4 days ago

HuatlaiOnglai

Still a good stock with strong financials:

4 days ago

kahhoeng

close to 7 cents per share of quarterly earning is not impressive for a less than RM 1 share company, what is then???

4 days ago

Sakolim

Only 1 off take for this QR. They announced earlier, so balance will carry forward to Q2. Target 7mil boe & they are on track. Means balance 3 Q to deliver 6mil boe

4 days ago

derrtan

once they trigger the SBB...it will fly 20cents easily. may i know after the AGM, how fast they can trigger Share Back?

4 days ago

Sakolim

2023 FY target to sell 7.0 to 7.2 mil boe.
With Q1 realized offtake 1.5mil boe: Q2 & Q3 at 2.1 & 1.8 respectively based on their management's planning, Q4 will be at 1.7mil. Means this current Q1 will be the lowest performance in 2023.
Hope for the best & Q1 performance is not bad with EPS 7c for a counter at price <RM1.

3 days ago

HafizAjiad98

Bagus. Hibiscus dapat menjana RM604 juta utk Q1nya walaupun kurang sikit daripada jangkaan saya

3 days ago

icecool

oil price down hibiscus up wth

3 days ago

kahhoeng

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=131680&name=EA_GA_ATTACHMENTS

For the financial year ending 30 June 2023 (“FY2023”), the Group remains on track to sell a total of approximately 7.2 to 7.5 MMboe of oil, condensate and gas.

3 days ago

kahhoeng

real surprise hibiscus is not even 1.30 now...

3 days ago

3lephAnt

Reaching isn't an issue - it's staying there. Hibiscus has always been targeted for pump and dump and short selling.

3 days ago

rr88

Oil kambing down lar.
When future profit lower than current profit, share price will go down. Sell!

2 days ago

HafizAjiad98

Inventori minyak berkurangan sebanyak 3.7 juta tong pada minggu berakhir 18 Nov

https://www.thestar.com.my/news/world/2022/11/24/oil-prices-drop-amid-mixed-us-inventory-data

2 days ago

BobAxelrod

REPOST :

Posted by BobAxelrod > 2 days ago | Report Abuse

It won't breach 1.10 for sure......Go figure.

2 days ago

BobAxelrod

And for sure it it 1.07 yesterday and came back down very quickly..........hahaha

This is 4th attempt at 1.08....

2 days ago

BobAxelrod

Still cannot breach 1.08...!! Right??????

2 days ago

Phoebe

Cannot break 1.08, will it break RM1? Took opportunity to sell half yesterday to rebalance my cash vs equity ratio.

1 day ago

BobAxelrod

Wise decision.....(but don't quote me)

Will not breach 1.10, not even in Jan 2023......
TAYOR

1 day ago

HafizAjiad98

Permintaan minyak akan meningkat semasa menjelangi musim sejuk

1 day ago

TehBeng

Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply.

A bigger-than-expected build in US gasoline inventories and widening Covid-19 controls in China also added downward pressure on crude prices.

Brent crude futures were down 29 cents, or 0.3%, to US$85.12 a barrel by 15.15 p.m. ET (2015 GMT), while US WTI crude futures rose 2 cents, to US$77.96.

1 day ago

TehBeng

Both benchmarks plunged more than 3% on Wednesday on news the planned price cap on Russian oil could be above the current market level.

European Union governments remained split over what level to cap Russian oil prices at to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge.

The G7 group of nations is looking at a cap on Russian seaborne oil at US$65-US$70 a barrel, a European official said, though European Union governments have yet to agree on a price.

1 day ago

derrtan

the current price might see breakthrough after SBB. if you notice now the oil price is consider week but still close to multiple month high. Either SBB or higher oil price will trigger the breakout.

1 day ago

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