MY Stock MarketDetailed Quotes

5199 HIBISCS

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1.650
+0.010+0.61%

15min DelayMarket Closed Feb 26 16:59 CST

1.24BMarket Cap3.53P/E (TTM)

HIBISCS Stock Forum

103547443

Yesterday 13:10

slightly weaker quarter

$HIBISCS (5199.MY)$ what do you guys think ? Dump or buy , just slightly worse quarter

Dragon Fish

Feb 16 20:28

Being removed from the MSCI Malaysia Small Cap Index likely triggered institutional selling, as many funds track MSCI indices and would have had to rebalance their holdings.
On top of that, Hibiscus was already facing short-selling pressure and operational challenges (like the Oman drilling issue and non-commercial oil discovery). The index removal probably compounded the selloff, leading to that RM800 million market cap drop.

Dragon Fish

Feb 14 01:52

Share buyback in Bursa is like giving away the company money to a small group of people manipulating the share price. Use your common sense to think why after the company keeps buying back the shares the share price is still down. Is share buy back really good to the shareholders? Better distribute equally to all the shareholders as dividends. At least all are happy even though the share price is down. Now only a selective group of people enjoy the benefit from the share buy back. They know who ...

Dragon Fish

Feb 14 01:42

Said already Trump is back to the White House and the oil price will not be good. So National Flower will not be good. Now it is even worse than last time I was here.