I do not think this ruling will be implemented, as new president just need funds from planters only, once funds reach there, no more restriction or planters can own up to 70% , haha!!!!!!!!!!!!!!! no need to worry lah !!!!
good quarter results coming out soon. the PAT should have higher than previous, that's why LCB generously to give 1 for 1 bonus issue. This few days will fly non stop should reach TP 7.50. This company too pandai to earn money by operating high profit margin business. Ready to makan durian.
wait clear finish seller then it will back mambo number rm5 hehe..bad news actually is good news for investor...i still wait durian drop at 4.80-4.85...
Short term price weakness seen due to weak CPO price and negative news flow from Indonesia on restricting foreign ownership in plantation land banks ( although this is only at proposal stage and not made law yet). Palm oil engineering is still the significant revenue contributor to the group; plantation land back is still relatively immature at this stage. RM4.80 appears to be the next support level. Hopefully this holds for next week -I bought a few more at this price on Friday.
I would say financials are within expectations - in fact, 2014 should be another overall good year for the company. Palm oil mill equipment segment had a good quarter. Special purpose vehicles contribution was lower due to lower project completion and billing. Oil palm plantation segment remains loss making as they not yielding any fruits as yet. The selling of this counter the past week (due to Indonesia Govt proposed restriction on foreign ownership of plantation land banks) appears to be over done as this company is not a plantation counter per se. Palm oil mill equipment business remains its core business activity.
why panic ? price will be stable after the weak holders selling, fundamental still good. oil palm just planted. has to wait a few years more to contribute profit, next quarter result will be good. if you have holding power, you should wait after the bonus issue. the price will go back 5.00 after September latest. get ready your bullet, below 4.50 accumulate and Sept make good profit. don't believe , normal. you dare not risk, you want safe but not rich. may rich but too old to enjoy.
As long as you have done your homework on the company / stock and you are convince it is a good decision to buy into the company / business, then you should be greedy when others are fearful :)
Latest news flow from Indonesia - President is not supportive of restricting foreign ownership at 30%. This is positive for foreign plantation companies incl CBIP although it is not a pure plantation play. Tomorrow should be positive for Msian plantation companies.
Adrianzeus....no news as yet but last report I read stated that the company is confident of getting the tax exemption for another 10 years from Feb 2015 for their new patented product.
Still waiting for the announcement....so far the news flow appears to be in the company's favour; bonus and warrant issue approved by Bursa, Indonesia Govt has decided not to impose the 30% cap on foreign ownership on plantation companies, CPO price is already low (may go lower but with El Niño coming, more upside than downside in price) and company is awaiting approval for another 10 years of tax incentive for their new product.
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....
tjhldg
27,218 posts
Posted by tjhldg > 2014-08-13 01:41 | Report Abuse
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