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Got 414 million is good enough, remember they need do the maintenance one, so plant utilisation is very low compared to Q1, and yet still got that much net profit is good already
The only way to make money out of this counter if you're day trader is BTST(buy today sell tomorrow), bought in at 4.30pm-4.50pm, if you're confident in overnight oil price shoot up, if Hibi open high, high chance thats the new resistance level for the whole day and u TP to right away in opening...
Dia tengah negotiate dengan 3 possible new future substantial shareholder, 2 out of 3 is an oil company, tengah bincang inject oil facility or cash or both in return or new shares or securities... Tak kasi chance langsung bilis ride oil hype lol
Got big ticket holder or shortie lines up holding the price when crude spike a bit, but when oil price retract the price down like there is no tomorrow...
I got a theory, they maybe suppressed the price due to ongoing talk with reputable O&G company in which attracted to be substantial shareholder back when hibi was at 1.3-1.5... Cause they maybe saw that hibi was kinda undervalued but if it is further rise beyond recent high, it might affect the talks, i got read they will issue a few shares for them in return of injecting asset to hibi...
