Hibiscus Petroleum Gains Ground as Brunei Becomes Key Contributor
Hibiscus Petroleum reported stronger-than-expected FY26 earnings, with core net profit surging 75% year-on-year in 4Q26 to RM221.4 million, driven by higher production and oil prices. HLIB Research raised its FY27 forecast and target price, highlighting Brunei as a key contributor to production growth.