Totally agree with calvin. At the current price this is the cheapest plantation stock in bursa. I am absolutely puzzled as to why this stock stay so cheap for so long, the only reasons I can think of is the cheap esos the co execs are getting together with the manipulating IBs and syndicates pushing down the prices for reasons best known to themselves. Btw not any Co can issue bonus shares without a strong balance sheet. Having said that I have a feeling that this stock will go back to it rightful place very soon ie around 7.30 cum bonus after taking into account the outstanding esos. One thing I am pretty certain is this the declaration of a higher dividend will surely propel this stock to a higher level no BS !
Smart money left SOP & plantation counters already. Have to wait another round if any. Now only ESOS selling & supported by retailers. Next support 4.80
Those in the trade with profit hold tight2 , don't let go. Daytrader continues to seat out this pullback. Join them when price made a uturn. We still in third wave n not complete yet. Target price rm9 - maintained.
Another almost 2 mil esos listed today. Exercise price rannge from RM2.21 to 3.60. Even at 5.20 some may still make 100% profit. What puzzled me is the large quantity of esos offeref to its execs. If the SOP do not raise the exercise price of future esos yo more than 5.00 I can safely say this counter is dead. Don't talk about long term investment your money is being donated to its execs via esos but not getting any rewards via a decent dividend policy tats why it is called a sial counter.
that is why avoid this type rubbish company. only staff & insiders make money. shareholder get nothing. Look at Bplant instead, giving out generous dividends to shareholders. Now u see why SOP price dropping non stop
Actually plantations game not over yet CPO price will be above 6K per tonne through out 2022 and above 5.5K going forward 2023. Still a very good investment especially when our Ringgit is depreciating and inflation is on the rise. Only this sial counter got so many cheap esos offered to its execs
Cheap becomes cheaper. Useless counter.Just keep n don't average down. Better use the fund to buy Petronm. I have already invested in Petronm. Think can recoup your losses.
SOP last qtr EPS = 34 sen annualised = RM1.36 even you assign a PE of 8 this stock is worth 8.20 and CPO price will remain strong for the next 2 yrs but it gives out only 6 sen interim dividend and this is most unfortunate. We don't care whether the earnings is used for whatever purposes but a decent dividend policy is really needed !
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....
titan3322
2,739 posts
Posted by titan3322 > 2022-06-03 09:48 | Report Abuse
Petang nanti gang diaorang belanja minum red wine !