Barry Allen's comment on HIBISCS

nazr zach

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!!!!!

Like · 3 years · translate

Barry Allen

US where find the surplus to supply EU ? haha, EU just buy from Hibiscus can liao !

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nazr zach

hahahaha... US and UK they all buy from Hibiscs!! nice one Barry!!

1 Like · 3 years · translate

jayson K

lctitan favco big dividend, hope hibiscus follow abit

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nazr zach

I hope hibiscs will reward us all with some more than usual dividend to long awaited / retail investors who made this possible... next stop. 1.40

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Barry Allen

walao..... 1.4 jor

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Bryan Ang

Barry jom buy back hahaha

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nazr zach

Barry.. This is just the beginning. Volume spikes even at 1.39. This will go on until Sept.

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Naoki Maeda

I see volume just okok only nazr

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nazr zach

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..

Like · 3 years · translate

Barry Allen

1.4 finish lo, 1.41

1 Like · 3 years · translate

Naoki Maeda

Thanks nazr... Saw already hope today can break yesterday vol high

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nazr zach

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.

1 Like · 3 years · translate

Bryan Ang

nazr, next monday what do you think the market maker will do

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nazr zach

It's lookslike they send invitation to market to buy Hibiscs.

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Bryan Ang

woww waiting for blast off

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nazr zach

Yes. This is just the beginning.

1 Like · 3 years · translate

Bryan Ang

hoping for 3.0

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nazr zach

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.

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nazr zach

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.

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Naoki Maeda

@Nazr FYI... Maybank TP is 1.9 by now... I didn't notice when it changed hahaha, 1 thing for sure is not within 2 weeks

1 Like · 3 years · translate

nazr zach013

thanks Naoki. I will look it up.

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nazr zach

naoki, found it. Maybank issued another analyst report in March.

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nazr zach

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.

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nazr zach

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

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nazr zach

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

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nazr zach

Copy and paste this link in Google to download Maybank Analyst report issued in 23rd Mac 22

https://drive.google.com/file/d/1Y6pUpaZ7mLq4sRLflEXgtbvm2EKyPge9/view?usp=drivesdk

1 Like · 3 years · translate

Bryan Ang

nazr, wowwww so do you think will it be higher than 1.9?

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Naoki Maeda

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....

1 Like · 3 years · translate

Naoki Maeda

@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

1 Like · 3 years · translate

nazr zach

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

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nazr zach

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.

1 Like · 3 years · translate

Naoki Maeda

I'm ikan bilis only... I sell or not won't affect much the price XD

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Bryan Ang

nazr.. glad to hear that xD then we will wait after Q3 to see how far can the price go

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Bryan Ang

Naoki stay with us nia we earn huat huat together

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Simon Chong

how many lots you add on already Bryan ?

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Inspector Lestrade

all talk many 3.0 4.0 for what?? 2.0 also can't reach hahahahaha

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Naoki Maeda

Thank you so much dear Inspector Lestrade, with your comment here Rm2 won't be far already.... Yesterday u proved your mighty power... Hehehehe

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Bryan Ang

weih Inspector so free ah today come out.... Monday do you think will red or green

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Barry Allen

He masam ma hahahahaha

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Akmal Azizi Ab. Azis

i think inspector bought more lot than us here..

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Inspector Lestrade

sell sell sell many start selling dy

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Sherlock Holmes

Run before you regret

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Greys Chen

got force will push it up lagi de..

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Greys Chen

see..I check this stock long time already..got a force keep pushing it up

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葉彍菘

invisible hand

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Bryan Ang

push to 4.0!!

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葉彍菘

wakakakka...man man lai bro ...mai kan chiong

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Bryan Ang

hahaha hope this week 1.5 above hehe

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nazr zach

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.

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Naoki Maeda

Now CIMB is happy.... Dunno will Dato beam feel sad hahaha

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Bryan Ang

Nazr, thanks for the info hehe I will be top up again

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Bryan Ang

Naoki, do you mean the Mr bean haha

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nazr zach

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.

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nazr zach

"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.

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nazr zach

"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.

Like · 3 years · translate

Barry Allen

Deep below my sold price jor

1 Like · 3 years · translate

nazr zach

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.

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nazr zach

2 Crude oil inventory went up last week, said API. EIA confirmed this. But EIA also forecast that inventory will go down due to strong demand.

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nazr zach

Who cares what happens out there... Hibiscs earning will increase by 3x..

1 Like · 3 years · translate

Chee shung Khoo

occidental cnooc also big drop yesterday...after peaked must be softened la...;)

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Chee shung Khoo

hibiscus considered good liao...retreating abit...

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Chee shung Khoo

rate hike -> demand...textbook theory still useful albeit with delay...

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nazr zach

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.

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Chee shung Khoo

today 23300lots idss...cant help one...i know u like to exercise your freedom of speech. we agree to disagreement ya...:)

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Chee shung Khoo

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...

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Chee shung Khoo

dont worry nazr, your average is still rather low...can withstand the short attack

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Chee shung Khoo

barry smart...cabut first...:)

3 Like · 3 years · translate

nazr zach

ah well.. Market needs to be fair. Criminals leave trails. Sure kena la those buggers.
This is not the first time.I caught them righthanded 3x.

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Chee shung Khoo

local funds short somehow is to prevent too much retailer oriented...otherwise no poor people already...need to buy before the big guns go in...

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nazr zach

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.

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葉彍菘

they do nothing, right?

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nazr zach

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.

2 Like · 3 years · translate

葉彍菘

thanks bro....when they will feedback?

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Barry Allen

Let us know if there is any actual action haha

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nazr zach

They asked me to call them if I need some updates.

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nazr zach

Barry, sakit hati worrr!!! wakakakaka

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nazr zach

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)..

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Chee shung Khoo

wont have real genuine action one...we r not庄家。。。;)

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nazr zach

Our Ref: CAS-26290-Q0X3J4 breach to the Business Rules and/or the CMSA 2007.

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Barry Allen

Cantik up .....

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Naoki Maeda

Hi Barry...did u buy back passed 2 days?

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Barry Allen

Yes ! 1.31 The 2nd day when below sold price !

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葉彍菘

now we push to 1.46, can i Naoki?

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Bryan Ang

Let's do this together go 1.5

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Barry Allen

1.5 ? I wonder should I put sale for 1.41 ...

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Bryan Ang

wah this Barry hahaha don't la 1.51 la

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Naoki Maeda

@葉
我不做買賣建議的，還是別問我XD

我對hibis有信心，但是重點是我已經超過100％paper gain所以我有底氣跟他
它耗下去，所以我的意見不能參考，我也不給意見.... 我只做短期圖表預測...

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葉彍菘

noted ,Naoki san

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nazr zach

Barry, I don't set target when to sell. I capitalise on situation which favours me and go all the way as long as all my indicators OK.

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葉彍菘

what indications are in your consideration , Nazr?

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Naoki Maeda

Nazr do a lot of home work.... He's indicator is complicated won't be easy to learn just by some post comments here XD

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nazr zach

I have 5 indicators. Wakakaka... You can find them all in klscreener here when you want to screen and filter stocks

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葉彍菘

ok, bro...ingat mau curi belajar....susah cari mkn lo

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nazr zach

Kejap... The indicators that you need are in a special section where you need to watch advertisement first before you can have access..
30sec ad

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Barry Allen

Not susah cari makan, just 2 day makan 8 cent profit

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Barry Allen

Profit profit..... sedikit sedikit menjadi bukit

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Fortune Family Office

Capital gain too

1 Like · 3 years · translate

Barry Allen

So geng, got discount but veli fast sapu buy

1 Like · 3 years · translate

Barry Allen

Bigger dividend double

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