i100k blog
CPO price and Kim Loong
EL Nino theme play has come to mid life. CPO price is almost touching 2800, industry experts are predicting 3000, this gap could be closed within 10 trading days or less. (If it ever reach there)
However, I'm doubting the sustainability of the rally, peak of EL Nino is already over, production will normalise, CPO price (just like before El Nino) will be regulated by the fundamental: supply and demand.
With supply constantly outstripes demand, CPO price is not likely to hold long before commencing downtrend. Long term downtrend is the big trend, and the firm trend.
Kim Loong, bursa quote KMLOONG, is probably one of the best plantation stock in listed in Bursa, moderate PE, super high dividend yields make it the best candidate to play the El Nino and CPO rebound.
Last traded at RM3.54
23 cents DPS for FY2016 imply 6.5% yield, quite commendable.
TP RM4.00
Assuming a more conservative 20 cents annual payout, RM4.00 target price will give a decent 5% dividend yield.
Discussions
1 person likes this. Showing 12 of 12 comments
Yes Buddy, I bought a very little KM Loong, WTK and also added more DUTALAND yesterday. Looking to buy even more PALM OIL SHARES TODAY.
JUST BUY WHILE IT IS STILL CHEAP.
2016-03-30 07:11
Good moring Pang72 & AlsoBuy,
I did not follow up on SGX for some time already.
I think Singapore Dollar will weaken against ringgit as Singapore's fundamental is deteriorating. Today I am selling Sing Dollar to buy more Malaysian Oil Palm stocks
2016-03-30 08:37
safest plantation company is KMLOONG & BPLANT cos both supported by their very high dividend. KMLOONG is 6%, BPLANT is 8%.
2016-03-30 09:04
The 23 sen dividend for FY15 on 100% payout of EPS not likely to be repeated. Ordinary dividends were 13 sen while 10 sen was a Special Dividend.
On 13 sen dividend, and today's price of $3.40, yield is 3.8%.
2016-03-30 11:46
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KM Loong is good. So are all other OIL PALM COUNTERS. A RISING TIDE LIFTS ALL BOATS.
Supply more than demand for CPO? No!
El Nino will be followed by La Nina.
The sweeping tornado, cyclone and hurricane unleashed will swift, sweeping and destructive to all short oil seed plants. THERE WILL BE A HUGE SHORT FALL OF CORN, SOY, CANOLA AND SUN FLOWER SEED OILS THEN.
CPO MIGHT EVEN SURGE PAST RM4,000 A TONNE THEN.
AND EL NINO WILL RETURN IN 2017 & 2018 TO CONTINUE ITS CARNAGE FOR 2 MORE YEARS IF HISTORY REPEATS.
SO JUST BUY A BASKETS OF OIL PALM STOCKS AND SIT TIGHT.
CPO？
CASH
POWERED
OIL
YES！ A THOUSAND TIMES YES!
PALM OIL - THE INVESTMENT THAT SEPARATES BILLIONAIRES FROM MILLIONAIRES!
2016-03-30 06:09