Three years ago market has gloves turning from bullish to bearish (sign of slight recovery now). Next is semiconductors from bullish to bearish. Plantations (next may include durians) is going through the same fate.
But don't listen to the IBs BShit too much lah next year CPO price will shoot up again to at least 4K/tonne due to El Nino effect I am very certain about that hehe
6 sen div for a 2.40 plantation stock is now considered good comparatively. The weak Ringgit and the El Nino effect would be overwhelmingly positive for the oil palm industries in the medium term. Make no mistake about it. I am now turning positive on plantations
Kakakaka the reverse is happening no more call warrants outstanding plus CPO price going up. IBs taking this opportunity to issue warrants lor while keeping the price steady Donno can hold or not!
esos is not the main concern, the price of cpo is the main factor for stock price fluctuation. currently priced at 4000 rm per ton ,is good price, good profit earning for plantation. Current year ,the oil supply in world market is a bit tight
I will sailang all at RM3.00 by the same token TSH is worth at least RM1.50 and pays better dividends. SOP is now at the roof ardy with very poor Div yield and always subject to manipulation but now with no outstanding call warrants it is easier to push it up but buying now is not a good bet
It’s not merely CPO price . It’s the expected EPS to look out for . Can sop earns 45 sen per share for 2023, 2024?? At EPS 45sen and PE 10x, the fair price is already $4.50.
I think it would be wise to add some to your portfolio at this price 2.55. The are many factors that point to the gradual rise in CPO price. Crude oil will surely hit USD100/ tonne before end of the year despite the popularity of EVs. Extreme climate change will also disrupt CPO production my bet is CPO will likely surpass RM4200/tonnes by December !
Based on the average price of CPO between July to September 2023 I think the next qtr results will be equally weak. May need to wait a little longer 🤣🤣
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
2,726 posts
Posted by titan3322 > 2023-04-28 11:51 | Report Abuse
The problem of too many esos issued below market price