haha it is indeed a small IOI (plantation+property) before the split. And I prefer under one roof ... historically it tells me the two combined provides smoother and steady earnings.
Two more days to go before we see the report. I expect the profit will be higher this time due to increase of CPO price and strengthening of the Rupiah. Most likely, the target will be re-rated.
the Q1 result going to announce is for Oct~Dec 2013. the rupiah is still weak during this period. rupiah is strengthening just recently, it doesn't effect the Q1 result. i think mkh's plantation sector still facing forex loss in Q1 result but it may offset by the increase of CPO price and production of FFB.
Look at bigger picture. Most small and medium cap stock are down today even good result are reported such as Matrix.
I will take any correction as the opportunity to buy. MKH has risen from rm3 to rm4 in two weeks. I rather it stop and rest and then go further. Target 5.4 is still far away and possibly be re rated soon. No stock can go up forever. Keep it for long term and you will be rewarded handsomely.
Picture big or small does not matter. Looking at good result may only hide weakness. Taking action on any correction is wisdom acquired. ONe rather stop and rest and then go further. No stock can go up forever. But reward are those on long run.
Sometimes we cannot judge the quater result by the price. Presbhd price were pushed down before the result out and bonus issue was announced. You can't beat the market unless you have upper hand News.
One must not judge or be a judge for one case. For such price was push down before the judgement only show bonus issue on the way. You cant beat market for market is not for ignorant or wise fools.
Abang nat offer sedikit buah fikiran tentang apa yang berlaku market hari ini. Property market kat China merudung 2 hari ini, ada panic di sana kerana pembeli sukar dapat loan. So ada kesan dengan Malaysia dalam masa terdekat ini. So lebih baik tunggu dan lihat property stocks, mungkin ada selldown.
@peiyee you bought MKH based on the edge's recomendation. today, you know what is going on in the inner circle. sure or not leh? the last time you lose money in MKH the insider never give you info ah?
The first round i bought it, I cut loss with minor losses (7%). That time my insider source didn't know I am getting this stock. This round, I have profit of 22%, so I am happy de. I can reenter again in future.
cpo whether is 2700/2800/2900/3000 won't stir the sentiment already. it's no longer a surprise news even 3000. if wan palm price become sentiment factor, pray for it goes up 6000.
tea .. you are spot on CPO broke 2,800 just now. +10% CPO price should boost MKH's earnings by 3sen this year and 5sen next year simply because of higher output. Timing cannot be better for MKH be it on plantation or property. I don't have any TP at the moment. Multi-year re-rating is on the horizon. But will be happy to see everyone at 5.
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....
林俊松
6,930 posts
Posted by 林俊松 > 2014-02-23 11:57 | Report Abuse
Brunei National Day~
Tomorrow no work.
=)