HLIB remained bullish on Hibiscus’ outlook, with a “buy” call and a new TP of RM1.54. The stock closed 3.03% higher yesterday at 85 sen per share.
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research has slashed Hibiscus Petroleum Bhd
’s target price (TP) by almost 11%, after the company was embroiled in a tax dispute with the Sabah state government.
Nevertheless, the research house remained bullish on Hibiscus’ outlook, with a “buy” call and a new TP of RM1.54. The stock closed 3.03% higher yesterday at 85 sen per share.
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