Eddy Chen is bullish. GDV 8 billion to be developed over 5 years or more than 1 billion a year. Full steam ahead ... PAT margin should range 10% to 20% on products mix.
chewch, the target price of 4.85 was set by kenanga on 22/04/2014. the last time kenanga set the target price was 26/12/2013 at 3.05. Hwang DBS still remain the target price of 5.40 which is set on 17/03/2014.
There is no reason for HwangDBS to down the TP 5.40. But will they re-rate it before hitting 5.4 or after? So far all news look favourable to MKH be it home sales, CPO and forex.
I have commented on SLP's price fluctuation why it happened. For MKH, really can't think of why it drops at this point. My reading( morning up afternoon down or vice versa) leads to 2 possibilities, 1) someone who has "first hand" info trying to cash out before results next month - but I dont get it, it is expected to be good in view of +ve development in CPO price, rupiah, property sales. 2) someone need to accumulate more at lower price before results announcement, push it down first before it flies higher.
MKH's Q2 result for plantation will be a excellent result. In Q1, MKH's Plantation loss 6.7mil, it was due to forex loss 19.9mil. If excluded the forex loss, it will be a gain of 13.2mil. In coming Q2 result, due to rupiah appreciate, cpo price up and more and more young trees mature will boost up the output of ffb, therefore, I forsee the plantation sector at less will contribute profit before tax 25mil, eps 7sen (Q2 only plantation only).
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....
bing
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Posted by bing > 2014-04-21 22:07 | Report Abuse
Come on show lai liao!