It's not only based on the OSK TP. Even the technical analysist showing that this share is overbought. My personal TP for this share is only RM6.00 for a short term. I strongly believe this counter is worth to keep for future. This not only based on the special div after KFC sold. There's a lot of reason to have faith on this stock.
yes, agree. it is one of the largest plantation company in malaysia. the p/e ratio should be close to other plantation company after disposal of qsr. in last quarter report, it also states that about 168,000 tonnes of oil palm is sold forward at USD 1105 per tonne for its PNG plantation. This rate is considered higher than the current market price.
Drop to RM4.93 on Friday, equivalent to the net asset value of the share. Wait for the announcement of special dividend and further rerating after disposal to reflect its fair value.
Recently this counter has increased quite much, the warrant wc also trading at discount for quite some time. I believe quite a number of people buying and exercise the warrant. After getting the share, they disposed it for profit. The palm oil price still at an uncertain stage.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bigyellow
254 posts
Posted by bigyellow > 2012-08-06 19:21 | Report Abuse
keep uptrend this week...