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Profit Sensitivity: According to CGS International, Hibiscus’ profit after tax (PATAMI) could rise by 20% for every US$5 per barrel increase in Brent crude.
LIM the most important is oil price open time is 7am global mkt. weekend can happen any thing. if monday oil price maintain or fly baru fly. if monday drop, oil stock drop
here is the commodities trading time Mon 7am -Sat 6am(daily 6-7am close)(commodities mean including brent crude oil, gas, gold etc)
This is a cyclical stock, mainly driven by speculation. There is no need to predict the future. Just focus on market now, sentiment and supply demand.
(growing stock just can hold long long, cyclical stock is playing in out timing only lah)(who go analysis cyclical stock fundamental seriously, sure wasting time. analysis the cycle fundamental better)
last time SAPURA energy using growing stock technic growing his company...during high oil price go buy company.... so gg.
growing industry= earn more expend more > monopoly mkt.
cyclical industry= earn more sell more. lose more buy more.
think about tht, why oil company earn money?becuz oil price up.
what next with high oil price?drop
so,ppl buy alot asset during oil profit. mean the seller sell at high price. buyer buy at high price.....
Thank you Dan Nn. I am agree with your point. Cyclical stock is a short term investment. The war is seem like not going to end easily. There is no 100%, but can predict on %. How much chance % that the war can end in the next few month or how much chance % the oil will drop back to USD 70
