Hibiscus remains undervalued, says HLIB research

KUALA LUMPUR: Despite tracking the surge in crude oil prices over recent months, Hibiscus Petroleum Bhd remains a bargain with strong growth prospects in the coming quarters, says Hong Leong Investment Bank (HLIB) research.

The research firm, which has initiated coverage on the company, said Hibiscus is "conspicuously undervalued" given its strong foothold in the upstream energy space.