Kmloong just start to move since last friday....it is totally undervalued and it isa must buy now for plantation counters...it has stayed around 2.40 for almost a year....it is coming.......chech it out
iafx, beyond 3.50 is highly optimistic and highly speculative estimation at this moment. We may be looking at an initial target price of around 3.40 based on current market conditions. Even this target price is based on optimistic calculations.
Base on calculation , can grow 1500% in 10 years, with good CEO of Mr LIM CHAI BENG, past 14 years track record was 2500%, now 100k hectare land to be planted with oil palm over next 10 years, calculate yourself.
at a glance, revenue up with lower profit due to lower prices of palm; which affect all plantation co. not just cbip. this is not a bad result. of cos, u may have yr own valuation, yr $ yr choice!
Average target price increase to 3.41. Highest target is 3.83. With CPO price rising plantation company will see the benefit of investing in mills as it grows. Remember that China baby policy is now stop at two instead of one...additional mouth to feed. Yes...this is long term ATM machine. Just lower qtr profit due to billing timing....as long as they dont make losses everything is fine.
The CBIP trees are too young to benefit much from CPO price movement now. It is like MKH few years ago. U will really need looong term investment for this.
However, its main business looks good. Just dragged down by the plantation venture.
MKH was excellent. Their oil palm tree need 22 to 24 months only to harvest FFB, compare to other companies who need at least 36 months. Anybody know when CBIP planted their tree?
CBIP starts to plant oil palm in Indonesia early this year, when MKH first planted its oil palm trees in 2008, its share price was about 90 cents, with 4 bonus and 4 dividends over 2009,2010, 2011, 2012, the effective price is about 58 cents per share now in 2013, its oil palm start to contribute this year, its share price appreciate about 375 % over last 5 years, so it is very wise to buy CBIP at about 3+ now, please remember CBIP's land is 6 times more than MKH.
Sarawak Plantation - 11k+ ha (effective share) - 7k+ has been planted and matured
South Kalimantan - 65k land, 63k plantable - 4k+ has been planted. 6-7k per year is expected to be planted and new palm oil mill added as the plantation matures.
CBIP looking to acquire another 35k land in Kalimantan to bring plantation to total 100k
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 > 2013-11-19 12:00 | Report Abuse
when is the quarter result out?