CBIP is not a pure CPO play but CPO prices do have a large impact on this counter. Looking at current CPO price and supply shortage forecasted in the coming months, this should have a very positive impact on this counter. Furthermore this company may be of interest to plantation companies as a M&A target - their expertise in construction of mills will certainly be synergistic to plantation companies.
Its shares moves up steadily over time. And its value becomes more apprarent in the years ahead with its third pillar coming up fast (hugh plantation). 1.Modipalm engineering. 2.SPV. 3.Plantations. Going over Rm6.00 is a matter of how soon. Its pricing is very attractive now.
Agree Firebird2. This counter has begun to attract a lot of interest because of its good business fundamental and growth prospects. A number of brokerages are re-rating and revising upwards their target price. RM6.00, here we come!
raytheclay, yes agreed. Rm6.00 will be the immediate target. This will soon be upgraded as this FY, the existing business will grow at least 25%. CBIP I think made a good move in investing in some existing plantations which are already producing Rev, so this in effect will alleviate their wholly owned plantation's planting up of about 6,000 ha per year besides learning to improve the business. Give it a few more years, the close to 80,000 ha will propel them to the top few major plantation companies in Malaysia. Theres value too in their plantation land in the future.
This third pillar plantation business, with existing 68k ha and negotiating for 19k ha will make CBIP the likes of KLK, Batu Kawan, etc.. price tag, Rm5 billion in assets.....price Rm20 per share
I am very impressed and pleasantly surprised with the rising price trend the past 2 months. Questions I have is who is buying ? New investment funds or potential new investor (s)? Based on the current market cap, this counter will attract new interest from investment funds but liquidity remains a challenge as this is quite a tightly held counter. If it's a new investor (s), as long as they remain under 5%, we will never know their identity. Plantation companies should also find CBIP interesting as CBIP compliments their plantation business.
had been investing in this counter since 3.11. buy and sell along the way and lock in half profit today. it was usually a sleepy counter with low vol. nowadays the volume is high and up/down +- 0.1. noticed that the main shareholder has 32.xx% direct share. 33% to hit MGO, that is the reason i am still holding some.
I started accumulating at RM2.60 - RM2.80 more than a year ago but have recently started buying again at RM4.60 last week. Looking at the positive response CBIP received in the NDR in Japan along with the revelation that they do not have any competitor in the Msian market (except for a small player that is 25% of their size), I am convinced this counter will hit RM6.00 in the coming 6-12 months if their earning momentum continues.
Yes, I did add more at Rm4.63, and don't mind the current volatility. Once settled down it should be able to move up. The coming report in May should show better results I think since lately they have got more and bigger modipalm projects, bearing in mind they should be able to continue growing it.
Let's be patient Firebird2. I am certain this counter after all its volatility will touch RM5.00 soon and RM6.00 in the coming 6-12 months. Let's be patient and enjoy the ride!
raytheclay, ok I will keep my patience and keep. Think it will move up to Rm6.00 in just the next few months hopefully, meanwhile lets enjoy some dividends in May. Thx
Today's market looks like fundamental stocks and non-fundamental stocks are down. For those who holds fundamental stocks, there is no worry, either BUY more or just HOLD. For those who buy non-fundamental or popular (overvalued stock with PE of 20-30x), there is not much chances of recovery if the operators are enjoying your money in Brazil World Cup.
Annual report is out - Chairman's statement in the report and business outlook are positive + AGM at the end of this month + quarterly results also out end of this month + share buy back + expectations for dividends = RM6.00??
CB INDUSTRIAL PRODUCT HOLDING BERHAD Notice of Seventeenth Annual General Meeting Date of Meeting 29/05/2014 Time 11:00 AM Venue Saujana Ballroom, The Saujana Hotel, 2KM, Off Jalan Sultan Abdul Aziz Shah Airport Highway, Saujana, 47200 Subang, Selangor Darul Ehsan
Excited with the annual report ! 65,000 Hectare of Palm Oil land and intend to plant up to 7,000 hectare per annum in Kalimantan,Going forward must be joining the Premier League like B. Kawan and PPB in years to come. As the plants only mature in 3 years so the profit reap in must be tremendous provided the price is sustainable above RM 2,500.
Quarterly results should be satisfactory considering the number of projects they have secured. Hoping they declare more dividends. Counter started moving today. Expecting more positive movements tomorrow.
Looking at today, I thought good results will be soon be forthcoming. Though good results may not be interpreted as share price going up as we can see recently (Hevea). But looking at Protasco, with dividends announced, price remain steady.
Due appointment of LIM ZEE PING, age 28 as an Alternate Director. LOL
Family relationship with any director and/or major shareholder of the listed issuer: Mr Lim Zee Ping is the son of the founder Mr Lim Chai Beng and a nephew to Non Independent Non Executive Director Mr Lim Chai Huat
Details of any interest in the securities of the listed issuer or its subsidiaries: Mr Lim is currently owns 665,000 shares in CB Industrial Product Holding Berhad
Date of Change: 06/06/2014 Type of Change: Appointment Designation: Alternate Director Directorate: Exec Name: LIM ZEE PING Age: 28 Country: Nationality: MALAYSIAN
Qualifications: Bachelor of Engineering in the field of Mechanical Engineering from Monash University of Australia
Working Experience and Occupation: Lim Zee Ping, a Malaysian aged 28, received his Bachelor of Engineering in Mechanical Engineering from Monash University of Australia. He has worked under Modipalm Engineering Sdn Bhd after his graduation since year 2010. Having spending his time at the production, he is currently involving in the sales & marketing department, where he oversees the overseas market such as Africa, Central America and Papua New Guinea.
Student admits web access theft ANTONIA MAGEE HERALD SUN DECEMBER 23, 2009 12:36AM
A MONASH University student has admitted in court scamming thousands of dollars worth of internet access in what experts say is potentially a rocketing problem.
Zee Ping Lim, 23, a Malaysian mechanical engineering student, is believed to be one of the first in Victoria prosecuted for internet access theft.
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....
raytheclay
128 posts
Posted by raytheclay > 2014-04-07 20:38 | Report Abuse
CBIP is not a pure CPO play but CPO prices do have a large impact on this counter. Looking at current CPO price and supply shortage forecasted in the coming months, this should have a very positive impact on this counter. Furthermore this company may be of interest to plantation companies as a M&A target - their expertise in construction of mills will certainly be synergistic to plantation companies.