[HIBISCUS PETROLEUM BHD：SEA Hibiscus售出249,387桶原油，相比之下，上一季度售出611,367桶。本季度平均实现油价为每桶31.79美元，而上一季度为47.72美元]
截至2020年6月30日，集团的流动资产为3亿5340万令吉，较2019年6月30日的4.103亿令吉减少5690万令吉。这主要是由于相比2019年6月30日，现金和银行结存减少了1.257亿令吉。本年度，Anasuria Hibiscus和North Sabah部门的经营活动产生的现金流入净额用于为因资本支出投资超过2亿令吉而产生的债务提供资金。此外，本年度还支付了以下显着款项：
•9千520万令吉的北沙巴和安纳苏里亚资产的税项负债；
•2019年12月与北沙巴资产有关的2019年部分decommissioning liabilities中的6,660万令吉；
•将Anasuria Hibiscus UK按比例承担的2610万令吉，用于将Anasuria Cluster的设施decommissioning为信托的估计费用；和，
•按照商定的时间表，2020年3月与北沙巴收购有关的第二期也是最后一期递延对价为2,110万令吉（500万美元）。
负债总额从2019年6月30日的11.556亿令吉增加至2020年6月30日的12.048亿令吉。2020年6月30日的递延税负债余额增加9,050万令吉，主要是由于资本中确认的其他递延税负债（投资于北沙巴和安纳苏里亚资产的支出）。
此外，截至2020年6月30日，北沙巴资产的未偿还的与运营相关的应付款项和应计费用比2019年6月30日增加了约3550万令吉。增加是因为St Joseph Infill Drilling，South Furious 30填充钻探和South Furious 30 Water Flood Phase 1项目所造成的。与2019年6月30日相比，截至2020年6月30日的总权益略有减少1,620万令吉。这是由于在本年度确认的油气资产减值拨备达1.963亿令吉。
北沙巴：
本季度，北沙巴部门的EBITDA为9,890万令吉，而上一季度则为6,530万令吉。本季度，SEA Hibiscus售出249,387桶原油，相比之下，上一季度售出611,367桶。本季度平均实现油价为每桶31.79美元，而上一季度为47.72美元。因此，这部门在本季度产生3,670万令吉的收入和1,600万令吉的毛利，低于上一季度的收入和毛利分别为1.201亿令吉和7130万令吉。
Anasuria Hibiscus：
Anasuria Hibiscus部门在本季度录得LBITDA和LBT分别为600万令吉和2700万令吉，而上一季度则实现EBITDA为4080万令吉和PBT为1930万令吉。本季度没有原油销售记录。
3D Oil, VIC/L31 & VIC/P57：
在本季度，该部门录得1亿7900万令吉的LAT，而前一季度则为5百60万令吉。本季度较高的LAT是由于2020年6月30日为VIC / P57和VIC / L31作出的减值拨备达1.835亿令吉。
投资控股和团体活动：
该部门在本季度录得1550万令吉的LAT，比上一季度的690万令吉的LAT高860万令吉。这是由于在本季度为钻机额外拨备了860万令吉的减值准备。
前景：
在当前COVID-19和低油价的环境下，大红花石油的重点是减轻这些事件带来的风险，以确保业务连续性和安全运营。
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James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.65, dividend RM0.052, in 2 years 23 days, total return is 417.8%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM50.28 adjusted, dividend RM0.52, in 2 Years 2 months 3 days, total return is 318.5%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.33 adjusted, dividend RM0.055, in 1 Year 3 months 2 days, total return is 283.3%
d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM1.04, dividend RM0.0025, in 3 months 11 days, total return is 193.7%
e. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.29, dividend RM0.01, in 7 months 2 days, total return is 128.1%
f. KKB ENGINEERING BHD, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.55, dividend RM0.10, in 2 Years 2 months 3 days, total return is 107.5%
g. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.84, dividend RM0.015, in 10 months 15 days, total return is 92.1%
h. PERAK TRANSIT BHD, recommended on 19 Jul 20, initial price was RM0.18, rose to RM0.27, dividend RM0.0025, in 1 month 16 days, total return is 51.4%
i. POWER ROOT BHD, recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.21, dividend RM0.188, in 1 Year 10 months 28 days, total return is 50.8%
j. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.675, dividend RM0.003, in 1 Year 10 days, total return is 49%
我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析Fundamental Analysis：
预计公司每年的增长率必须超过14％
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高波动性投资产品，你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享，讨论以及领域的分析，而非是一种投资建议，买或卖自负。请Like和Share。最终决定永远是你的，谢谢。
James Ng
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[HIBISCUS PETROLEUM BHD: SEA Hibiscus sold 249,387 bbls of crude oil in one cargo during the Current Quarter as compared to 611,367 bbls from two cargoes in the Preceding Quarter. Average realised oil price achieved in the Current Quarter was USD31.79 per bbl whilst USD47.72 per bbl was achieved in the Preceding Quarter]
The Group’s current assets amounted to RM353.4 million as at 30 June 2020, a decrease of RM56.9 million from RM410.3 million as at 30 June 2019. This was largely due to the lower cash and bank balances of RM125.7 million compared to 30 June 2019. Net cash inflow from operations in both the Anasuria Hibiscus and North Sabah segments during the Current Year were utilised to finance obligations arising from the investments in capital expenditures in excess of RM200.0 million. In addition, the following notable payments were made during the Current Year:
• RM95.2 million for taxation liabilities across both the North Sabah and Anasuria assets;
• RM66.6 million for the 2019 calendar year’s portion of decommissioning liabilities related to the North Sabah asset in December 2019;
• RM26.1 million for Anasuria Hibiscus UK’s proportionate obligations for the estimated cost of decommissioning the facilities of the Anasuria Cluster into a trust; and,
• RM21.1 million (USD5.0 million) for the second and final tranche of deferred consideration relating to the North Sabah Acquisition in March 2020, per the agreed schedule.
Total liabilities increased from RM1,155.6 million as at 30 June 2019 to RM1,204.8 million as at 30 June 2020. Higher deferred tax liabilities balance as at 30 June 2020 by RM90.5 million was mainly due to additional deferred tax liabilities recognised on capital expenditures invested for both the North Sabah and Anasuria assets.
In addition, as at 30 June 2020, outstanding operations-related payables and accruals for the North Sabah asset increased by approximately RM35.5 million compared to 30 June 2019. The increase was mainly caused by amounts incurred for the St Joseph Infill Drilling, the South Furious 30 Infill Drilling and the South Furious 30 Water Flood Phase 1 projects. Total equity as at 30 June 2020 has decreased marginally by RM16.2 million when compared to 30 June 2019. This was attributable to the provisions for impairment for oil and gas assets recognised in the Current Year amounting to RM196.3 million.
North Sabah:
The North Sabah segment recorded an EBITDA of RM98.9 million in the Current Quarter as compared to RM65.3 million in the Preceding Quarter. SEA Hibiscus sold 249,387 bbls of crude oil in one cargo during the Current Quarter as compared to 611,367 bbls from two cargoes in the Preceding Quarter. Average realised oil price achieved in the Current Quarter was USD31.79 per bbl whilst USD47.72 per bbl was achieved in the Preceding Quarter. Accordingly, the segment generated RM36.7 million revenue and RM16.0 million gross profit in the Current Quarter, lower than that in the Preceding Quarter, where revenue and gross profit were RM120.1 million and RM71.3 million respectively.
Anasuria Hibiscus:
The Anasuria Hibiscus segment recorded a LBITDA and a LBT of RM6.0 million and RM27.0 million respectively in the Current Quarter as compared to that achieved in the Preceding Quarter, i.e. an EBITDA of RM40.8 million and a PBT of RM19.3 million. No crude oil sales were recorded in the Current Quarter.
3D Oil, VIC/L31 & VIC/P57:
During the Current Quarter, the segment recorded a LAT of RM179.0 million as compared to a LAT of RM5.6 million in the Preceding Quarter. Higher LAT in the Current Quarter was due to the provision for impairment made as at 30 June 2020 for both VIC/P57 and VIC/L31 amounting to RM183.5 million.
Investment holding and group activities:
This segment recorded a LAT in the Current Quarter of RM15.5 million, which was RM8.6 million higher than the LAT of RM6.9 million in the Preceding Quarter. This was caused by the additional provision for impairment made for the Rig of RM8.6 million in the Current Quarter.
Prospects:
In the current environment of COVID-19 and low oil prices, the key focus of the Group is to mitigate risks posed by these events to ensure business continuity and safe operations.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must over 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
https://klse.i3investor.com/blogs/general/2020-09-06-story-h1513347979.jsp
