noticed the monthly production of thplant already increased significantly, last time was much lower than TDM , but now is almost double than TDM and sustaining at 60k matic tonne above, with current 2800 CPO future price definitely will boost next coming quarter earning in fact the current quarter result already given signs of improvement ...time to accumulate more.
TH Plantations' earnings are very sensitive to CPO price movements and every RM100/tonne change in CPO price would impact earnings by 10%-12% per annual.
price just recovered 14 sen after the plantation wave kick started, very researcher rated to sell on THPlant...quite funny indeed, for me that THPlant might be one of bigger beneficial from current CPO price revenge, your would know from coming few quarter results, also foresee more upside price room for this stock as compared with other expensive plantation stock, most of them are already diluted from their enlarged huge share amounts.
It hovers around Rm1.80+ for very long. If each day the trading volume increases (double up), then there is a positive sign. My personal opinion is that this share is still undervalued.
Our CPO ASP forecast of MYR2,600/t is unchanged for 2014 and 2015 (2013: MYR2,377/t). For every MYR100/t change in our CPO price forecasts, the earnings forecasts for plantation stocks under our coverage changes by 5%-12% respectively. Most sensitive to CPO price changes are Ta Ann,*** TH Plantations****, Sarawak Oil Palms and Felda Global.
Potential of moving upward due to : - Announcing good quarterly result before end of the month. - High immature palm oil tree 27,399 hectares or represents 83% of mature areas. - Low valuation as compare with its peers. - EPF started acquiring shares last week - High gear but strongly backed by Lembaga Tabung Haji ( 71% shareholding )
Investors are so happy to see the price movement inching upwards...hope it goes further up or at least maintain at RM2.50 before shooting to RM3 by end of the year!
TH Plantation (THP MK) Technical BUY with +14.1% potential return Last price : RM2.17 Target Price : RM2.33, RM2.49 Support : RM2.00 Stop-loss: RM1.99 BUY with a target price of RM2.49 with stop loss placed below RM1.99. THP’s share price has been consolidating in the “saucer” pattern in the last 9 weeks. However, yesterday’s surge along with a higher trading volume of 2.3m shares (vs 20-day average of 0.7m) signify a genuine breakout from the pattern, which in turn suggests possible continuation of the long-term uptrend. Positive reading in MACD indicates the presence of momentum which should prolong the upward movement hereafter. Moving forward, we expect THP to advance toward the X to X projection level of RM2.33 in the near term while we peg our medium-term target at the all-time high of RM2.49 with the overall trend remaining on the upside.
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....
MSTrader
145 posts
Posted by MSTrader > 2014-02-21 21:00 | Report Abuse
Sell it first..then collect it at bottom..sawit price still at low price..