Unlikely to see a bonus issue this year; too early. Expect some activity once dividend is paid on 2 July when "boring investor" like myself reinvest into the counter.
40% of the boilers billing is in USD + strengthening USD vs MYR + El Niño + bullish outlook for CPO + market cap above MYR1billion for this company + potentially new tax relief by year end for new product = more buying & higher price outlook. A Buy for me.
Buy maintained. Our SOP-based TP is raised slightly to MYR2.40 (from MYR2.35), after imputing CBIP’s latest net cash. We maintain our Buy recommendation on the stock, as valuations remain inexpensive at current levels. We understand that all necessary approvals have been obtained for its zero-discharge mill patent 零排放的专利and it is now waiting for the official certification. These approvals will result in CBIP regaining its pioneer tax status for another 5-10 years, which will provide a boost to earnings. We have not factored this into our forecasts yet.
CBIP suits those who have patience... it really takes more than 1 year to collect the fruit... 60k available landbank is huge... Once CPO rebounds, shareholders are going to win big... But, who cares? traders and speculators all the way... lol
4 feb 2013 felda rm18m march 2013 pt astra usd 7m 12june 2012 jaya tiasa rm40m 8june 2012 wilmar group indonesia total usd 74m 17march 2014 png letter of award 12m 3july 2013 kembang sdn bhd 40m 11 sept 2013 pt rafi kamajaya kalimantan under tdm rm50m 17july2013 guatemala usd12m 16/7/13 colombia us10m 4/dec 2015East New Britain Palm Oil Limited rm50m with so many contracts 2014 and 2015 too cbip anytime can fly
1.Kenanga analysis:YTD orderbook replenishment, inclusive of smaller projects, has hit RM450m, in line with our assumption inclusive of smaller projects for FY15E. 2.Maintain OUTPERFORM with a net cash of RM128.4m or 24.4 sen per share. 3.No change to our TP of RM2.49
Plantation division’s pre-tax losses narrowed from RM4.2mil in 1HFY14 to RM3.5mil in 1HFY15. We expect the division to continue bleeding until the oil palm trees mature in FY17F/FY18F. We estimate planted areas at 6,300ha in Kalimantan as at end-March 2015.
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 > 2015-05-06 23:58 | Report Abuse
If the offer price is attractive, it would be hard to resist. I am also expecting an uptrend in price soon, sellers appear exhausted already.