plantation given a bad rating for the later quarter of the year ... although cbip is listed in the sector of industrial product but some research house still consider it as plantation stock ...
This is the assumed trend how the earnings and dividends of CBIP would probably be. Now please note i am holding CBIP shares and i dont wish to influence any of you in any way. The is merely information to be ascertain by yourselves as fellow investors.
I am also holding CBIP shares. mouse the market is volatile and trending down currently (although it could possibly rebound at any moment), it is more likely that the downtrend will continue for awhile before correcting itself .....
Never rush in and buy shares even if you intend to hold them for awhile .... If you, yourself feel that the price will go down then trust your instincts and wait ......
CBIP FV at 3.11. Those looking for a safe stock to come in, this will be a good one. Recently down to 2.64. So suggest to check your position if the returns of possibly 15-20% is good for you all.
Note: I am holding position in this stock. Buy at your discretion!
it holds patent monopoly on a palm refinery technology that increases output. it has tax breaks. It is buying its own fields for own output. It is expanding to Indonesia and Brunei if not mistaken, and its in the ever growing palm oil sector.
downside: oil palm in over supplied currently. price will be sideways, but then again, CBIP's strength is their machinery for oil palm, and not downstream oil palm producer per se.
Many sees them as plantation sector, when in fact they should either be trading or IP sector!
bought in a low of 2.59 if not mistaken. peaked 2.87 ex-split price. now dip back to affordable 2.64-68 range. Quarterly announcement on 24/8.
This is my second biggest portfolio. so buy at your own discretion!
CBIP: Bottoming up After its 30sen (net dividend for FY11) dividend went ex on 15 May, CBIP retraced from as high as RM2.78 (14 May) to a low of RM2.33 (4 June) before recovering at RM2.66 yesterday. There could be further rebound in the near term as indicators are bottoming up. A breakout above immediate resistance at RM2.70 (mid Bollinger band) will spur prices high towards RM2.80 (upper Bollinger band) and RM2.87. Significant resistance is 5-yr high at RM3.03. Immediate support is RM2.60 (50% FR), followed by RM2.54 (38.2% FR) and RM2.46 (23.6% FR). Cut loss below RM2.44. Source: Hong Leong Investment Bank Research - 7 August 2012
its turning now reflecting the cooler climate of El Nina i suppose. price of hedging still weak, but i foresee next two quarters back to the RM3,000+ mark! yessss................
Type Announcement Subject OTHERS Description CB INDUSTRIAL PRODUCT HOLDING BERHAD (“CBIPH”) or (“the Company”) - Interim Tax-Exempt Dividend for the Financial Year Ending 31 December 2012
The Board of Directors of the Company is pleased to declare an interim tax-exempt dividend of 20% per ordinary share of RM0.50 each in respect of the financial year ending 31 December 2012. The dividend entitlement and payment dates will be announced in due course. This announcement is dated 16 August 2012.
Announcement Info Company Name CB INDUSTRIAL PRODUCT HOLDING BERHAD Stock Name CBIP Date Announced 16 Aug 2012 Category General Announcement Reference No CI-120816-4676A
1H12 reported core net profit of RM48.4m (+5.5%), accounted for 55.9% of our and 57.5% of consensus full-year forecast. We consider the results within expectations as we expect lower progress billings from the retrofitting special purpose vehicle division in the subsequent quarters. Declared interim dividend of 10 sen/share (tax exempt). Maintain earnings forecasts, SOP-derived TP of RM3.18, as well as our BUY recommendation on the stock. Source: Hong Leong Investment Bank Research - 17 August 2012
if you are happy with your current profit, which works out about 20-sens today, then by all means. Hefty jump today. I was just thinking around 10-12 sens jump!
if not, just read what is last posted and see maybe if you want to take dividend as well and wait til it reached its TP (give & take 10% off the analysts evaluation).
My suggestion would be to wait announcement and see when is the ex-date for the dividend, then decide. Choice is yours!
if any of the management of CBIP is reading this: we will all be happy with another tax-exempted 10-sens "loyalty dividend" on top of the announced interim!
think about it, secured 2 major contracts in indonesia (profit already), one in Malaysia and now disposal of 2 subsidiaries for 139mn. We deserve it! LOL
0532 GMT [Dow Jones] CBOT soybean futures extend recent gains due to tight supply and appear headed for a record high in the next few weeks, traders say. The near-month contract hit the current record high of $17.7775/bushel July 20, and traders expect prices to test $20/bushel later in the year as supply dwindles. Droughts in South America and the U.S. have severely hit availability. It will be very difficult to prevent global stocks from running out before the next South American soybean harvest in March, an importer in Jakarta says. Near-month soybean futures for September delivery on CBOT are trading 0.75 cents higher at $17.5425/bushel. (sameer.mohindru@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
August 22, 2012 01:33 ET (05:33 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
Sad...sad.... :)
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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....
Yazid Gonzales
149 posts
Posted by Yazid Gonzales > 2012-05-13 00:00 | Report Abuse
from 3.08 split to 2.7++