Hibiscus delivers on its promise

Analysts were generally positive over the development, with most maintaining their “buy” calls on the Hibiscus stock.

PETALING JAYA: Hibiscus Petroleum Bhd’s acquisition of exploration and production (E&P) assets in Malaysia and Vietnam from Spanish oil and gas company Repsol Exploración, S.A. is value-accretive, especially given the current healthy oil price environment.

Analysts were generally positive over the development, with most maintaining their “buy” calls on the stock.