The ban on export by Indonesia will certainly be lifted as announced earlier by its President and would be lifted by May 23 but this is largely accounted for counters like KLK IOI and Sime Plant are highly recommended stocks by HL IB. Foreign funds could have snapped up Sime plant despite heave selling by EPF. Btw no one recomnend SOP despite an above average planters so the reasons are obvious. Even the previous promoters are keeping quiet except KYY
Previously those hardcore promoters crying for buy when it was around 7 luckily I sold off 90% of my holding between 6.70 to 7.00. What they missed is the Co large amount of esos and of course the higher cost of production. Having said that if CPO remains at 4500 to 5000 throughout 2022 (which I believe it will) it is still a good investment. My TP now is 6.50 cum bonus even for this price the remaining esos should be at minimum level and the Co does not issue further esos for subscription below 5.00
Palm oil’s slump set to deepen after Indonesia lifts export ban May 20, 2022 9:37 AM.
KUALA LUMPUR: Palm oil has lost a major pillar of support after top producer Indonesia lifted a ban on exports, paving the way for prices to slump further as supply builds and demand languishes.
The tropical oil may tumble to RM5,000 a tonne by July or August because of ample supply in the market, said Tajgir Rahman, general manager of oils and wheat trading at Savola Foods. “A lot of demand destruction has happened in the last few months as palm has become expensive.”
QR results released Sime Plant EPS = 10.40 Stock price = 5.28 IOI EPS = 6.62 Stock price = 4.40 SOP EPS 2X.XX Stock price = 5.94 only ?? SOP should rlghtly be priced at above 8 if not for the cheap esos
@DickyMe I think you missed the 1 before the fig 4 hehe. Anywaw the results have exceeded my expectation and I have to raise my TP to 8.30 cum bonus provided the CEO and esos flers do not spoil the fun by taking profit hurriedly
All my small cap and mid cap plantations show excellent Q1 2022 results : SOP EPS 34.09sen (+146% yoy) Bplant EPS 19.43 sen (+353% yoy for operations) Taann EPS 23.75 sen (+155% yoy) Swkpltn EPS 15.52 sen (+82% yoy) MHC EPS 5.8sen (+67% yoy) Cepat EPS 4.93sen (+172% yoy)
They put the big boys to shame ! UP EPS 14.39sen (- 20% yoy) Simepltn EPS 10.4sen (+27% yoy) IOI EPS 6.62sen (+3% yoy)
Stay invested in small and mid cap plantation counters. The best yet to come.
SOP and Taan are like abang adik one the CEO and esos are selling the other the latuk and directors are selling campur with IBs and operators diaorang kasi lu mampus lor
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
StartOfTheBull
8,008 posts
Posted by StartOfTheBull > 2022-05-19 16:18 | Report Abuse
Blue chip plantation stock also being selling down. Absolutely insane.