"Chen said that MKH is also considering teaming up with a listed partner to tap into the downstream business, producing edible oil, by this year. The group is also eyeing opportunities of buying cassava farms in Indonesia to enlarge the group’s agriculture portfolio and provide the opportunity to export cassava to other countries, including China, in future."
When you do IPO you need to have "stories" to tell.
http://jakartaglobe.beritasatu.com/snapshots/crude-palm-oil-declining/ A palm plantation in Musi Banyuasin, South Sumatra, on Monday (08/08). Production of crude palm oil continues to shrink in the first half of the year, with national production 12.35 million tons, or just under 38 percent of the year's production target. (Antara Photo/Nova Wahyudi)
HONG KONG--Malaysia's palm oil exports during the Aug. 1-10 period are estimated up 17.7% on month at 456,481 metric tons, cargo surveyor Intertek Agri Services said Wednesday.
Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate later Wednesday.
The following are the major items in the Intertek estimate:
Last year q3 eps was 5 sen. This q3 could at least double. High unbilled property sales. Higher CPO price and tonnages. No significant FX movement. So three quarters ended 30/6 eps could be closer to 40 sen. Still another quarter to run for FY2016!
YTD 6-month PAT is already RM117 mil which has exceeded all previous full years' track record. So the current FY ending 30/9/16 will highly likely report a new record profit for the company in its history. Just have to see if this new record profit will propel the share price to its previous high of RM4.92 in 2014.
Icon: Roger123 Rzl is capable but greedy. Too capable may turn the thing around. Might wan to have all the money himself rather than giving to minority 11/08/2016 20:17 X Roger123 Sometimes too clever is the disaster.....
Very little reason for MKH to trade below RM3.50 if what has been projected by Alliance Research comes true in the next 1 to 4 months. Its 4th quarter result will be out anyway by 30 Nov 2016. Hopefully the price would start moving after its Q3 result to be announced by end of this month.
Last year, the US Food and Drug Administration (FDA) announced that artificial trans fats would no longer be found in snack foods, baked goods and frozen vegetables starting in 2018. With the ban, palm oil has been named the primary replacement.
“Our palm oil exports to the US have increased. This is a pleasant surprise because the US is known to prefer soybean over palm oil,” David said over the phone on Friday.
i dont undersatnd why everyone buying warrant.? 1.89+1.15 = 3.04. IT is over the price for the mother share ady. why still buying it? Can anyone enlighten me? unless u are very very sure d mother share will go up further. ( although i m confident) . hahaha
coz it gives more return. lets say a stock rm1 goes to rm2... u will get 100% profit but with warrant, u will get more (depending on price u buy). people buy warrant because the return is higher and they confident the stock will reach 'x' price and WELL calculated.. downside is, warrant usually low volume than mother, hard to sell back if u r ikan paus.
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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....
kenken85
724 posts
Posted by kenken85 > 2016-08-03 16:27 | Report Abuse
Good day is coming after QR result out in august.... Just cross finger and wait. It is getting more and more attention.