Good news, according to said Bursa Malaysia chairman, the Malaysian palm oil industry is expected to show growth in 2024 in light of recovery in labour supply, improved palm oil price projections and heightened demand from key export destinations
on the surface MBL does look rather undervalued. why? isit because tak kasi dividend ? cash per share already 21sen almost half the share price. shocking!
Found out MBL and CBIP are exact same biz. CBIP revenue is 3x larger than MBL but MBL market cap is 6x smaller than CBIP! This means either MBL is undervalued or CBIP is overvalued. Which is which?
CBIP profit is about 3x larger than MBL with very similar margins due to the very similar business. CBIP is trading at 0.8x NTA but MBL is trading at 0.4x NTA only. Return on equity of both is almost same. And CBIP is in a net debt position compared to net cash MBL. it is very obvious: either MBL is undervalued or CBIP is overvalued. Which is which?
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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....
ChandranG
383 posts
Posted by ChandranG > 2024-03-05 11:49 | Report Abuse
As ElijahYH said, may be FY2024 will have dividend. So hold tight ~