This counter quite boring but just hold tight for long term investment, excellence management...you'll realize that when more reward comes from this counter.
looks like to create new year high soon; cpo price this year likely to trade between $2700~$2900 average (vs $2300~$2500 last year), a great boost to plantation co. core earnings this year.
analyst work out this estimation... For every RM100/tonne inc/dec in oil palm price, profit of sime +/- by 250mil, fgv 100mil. probably small companies may do well as well, keep close watch
apart from cbip, watch ioicorp earning, expect to be among the best bcos apart from plantation, ioicorp also doing very well in palm downstream businesses.
Posted by raytheclay > Feb 25, 2014 07:49 PM | Report Abuse Agree. If company can sustain this quarterly earnings for 2014, RM6 is achievable and still having a PE of about 10x
Posted by Firebird2 > Feb 26, 2014 10:21 AM | Report Abuse X Past 4Q has shown increasing EPS 7.02, 7.11, 8.29, 14.57. Lets hope it gets better and reach Rm6.00 this year
Trusted the management to multiply my money the past five years, and they did. I still trust the management will multiply my money for the next five years. Please check the charts and this thread's previous comments for details
Do not recall that they have a dividend policy. Traditionally they pay dividend twice a year and it's about 40% of EPS but hopefully with increasing EPS, dividend will be higher this year.
Existing business is doing well and current focus on palm oil is good for this counter (positive re-rating). What I am keen to see is their plans for the oil & gas business....that could be their future business catalyst.
There could be something coming up, that cause this sudden stirring up, and likely to be some good things,, a good catalyst. I tried to top up last week and only got 1400 units through haha..
Past few years have been rewarding to you I think, price just keep moving in uptrend, now even more compelling, why let go now? The market has just seen how good it is now.
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....
Superb99
6,604 posts
Posted by Superb99 > 2014-02-21 17:06 | Report Abuse
Has this counter hit the max? Any idea?