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ASEAN Speaks

Hibiscus Petroleum: Keep The Bike Upright

24 Feb 2022

Description

Riding on surging oil prices, Maybank has a strong buy call on Hibiscus Petroleum, Malaysia’s first listed SPAC (Special Purpose Acquisition Company) that has now transitioned to become a full-fledged oil and gas company. Dr Kenneth Pereira, the Managing Director discusses the reason for Hibiscus’ longevity, and how it will continue to grow in a more ESG-oriented environment when bankers are becoming more discerning about lending. Producer & Presenter: Noelle Lim

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