<div class=newsTextDataWrapInner><p><strong>Hibiscus Petroleum Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>HIBISCUS (Fundamental: 1.65/3, Valuation: 0.3/3) rose as much as 4.0% in early trading last Friday, after the company announced that it is acquiring a 50% stake in the Anasuria Cluster of oil and gas fields for US$52.5 million (about RM199.1 million). However, the stock gave up some gains to close 1.2% higher at 88 sen.</p></div>

<div class=newsTextDataWrapInner><p>Located in the UK Central North Sea, the Anasuria Cluster consists of a floating production storage and offloading (FPSO) vessel and four producing fields with an estimated 40.4 million stock tank barrels of proved and probable (2P) oil reserves and 27.9 billion standard cubic feet of 2P gas reserves.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The acquisition is part of its strategy to balance existing asset portfolio, which is concentrated in exploration activities.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Formerly a Special Purpose Acquisition Company (SPAC), Hibiscus has become an independent oil and gas exploration and production company with assets in the Middle East, Norway and Australia.</p></div>

<div class=newsTextDataWrapInner><p><img alt="hibiscus-petroleum_ded_100815_thedegemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/hibiscus-petroleum_ded_100815_thedegemarkets.png" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in digitaledge Daily, on August 10, 2015.</p></div>


Hibiscus Petroleum Bhd (+ve)

HIBISCUS (Fundamental: 1.65/3, Valuation: 0.3/3) rose as much as 4.0% in early trading last Friday, after the company announced that it is acquiring a 50% stake in the Anasuria Cluster of oil and gas fields for US$52.5 million (about RM199.1...

Stock With Momentum: Hibiscus Petroleum

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<p>Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.</p>


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<p>Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.</p>


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<p>Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;</p>


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