up up up
yessssss go up up up
1.00 coming soon
http://kongsenger.blogspot.my/20 ... 5199-2013-2017.html 大红花Hibiscus 5199 从2013-2017年的走势图附加2018年估算价)
http://kongsenger.blogspot.my/2018/01/hibiscus-rm0945-buy-more.html
Are oil prices rising, find out why:
https://www.mrinvestor12.com/2018/05/oil-prices-are-going-up.html
GOING UP. next coming
hibisc
My estimate for Q4 2018 is production will be 8,300 bpd x 90 days = 747,000 barrels. If average oil price is USD 73/bbl, then Revenue would be USD 54.53 m x 3.9 (exchange to RM) = RM 212.67 m. Asumming a profit margin of only 26%, the profit after tax would be RM 55.3 m. Total for year would be about RM 160m giving EPS of RM0.10.
At current price, the PER is about 9.
Appreciate SIFU to review and advice this simple calculation is about right or totally wrong.
Looking at the volatility of the global oil price, its time to HIBISC to move uptrend consistently for the 2nd half of 2018.
sold at 1.10
https://kongsenger.blogspot.com/2018/08/5199-hibiscus.html
https://kongsenger.blogspot.com/2018/08/5199-hibiscus-2018.html
Hibiscs ($1.05) is expected to move higher..
Bought at 1.21 average price.
The company has 2 production oil fields - Anasuria UK and Sabah North.
Daily output is 8500 bbls x (average Brent oil price - production cost) = 8850 x (65 - 20) x 4 = RM1.59m / day.
Yearly output = average production days / year x 1.59m = 250 x 1.59m = 398m
EPS = 398m / 1.588b = 25 cents
Assuming PE = 10, hence, share price = 10 x 25 cents = RM2.5
The company targets to increase net production from 8850 bbls/day to 12000 bbls/day in 2021.
Why was the stop production not announced back at end Feb?
June 6, 2019 | HONG WEI GIET
Technical Analysis
===============
- HIBISCS is a hot counter due to the oil price rally in Q12019.
- However, Oil prices (Brent Oil Futures & Crude Oil WTI Futures) turned from bullish to bearish in the last few weeks due to the tension of trade war and expectation of a slowdown in the global economy.
- Oil prices down further amid US inventories surge.
- HIBISCS shares price completed double top reversal on Oct 18, 2018, and Apr 4, 2019, respectively.
- EMA 20 / 60 / 120/ tangled on May 31, 2019, and it gaped down on June 3, 2019.
More:- https://www.fundamental-technical-analysis.com/