Beside SOP, TAANN and SWKPLNT above RM2, Jtiasa coming to break and join RM2 which the most gem now...TSH PE 16.73 for RM1.15.
But there are some laggard, KRETAM PE 12.89 but only 59.5cent which is super undervalue and CEPAT 12.26 for 78.5cent. Worth to consider since CPO is above 4100 now.
Has been paying 4 sen a share dividend for the past three years. Should be able to repeat its dividend payment this year. At 67 sen a share, its dividend yield works out to almost 6%, more than twice banks' 12 month fixed deposit rate.
CPO price is already up 4% today but investors remain uninterested in Cepat. It should be trading at above 80sen a share instead of struggling below 70sen a share.
Cepat went above 80sen a share in April when palm oil price was at RM4,100 a ton. Today palm oil price has surged to RM4,300 a ton but Cepat is still struggling at around 70sen.
I sold out my stake a few days ago at 0,705. Wish I waited a bit, but sure the valuation is reach. Would rather take MHC or Tecguan, which have NOT gone up that much yet. And MHC is the parent of Cepat.
When CPO price shot up to RM4,100 a ton, Cepat went above 80sen a share. Now CPO price has spiked to RM4,800 a ton, Cepat is still struggling at below 75sen when it should have been changing hands at above 95sen a share.
Since breaching the RM4,000 a ton barrier, CPO price has been surging fast ahead with no sign of retreating. CPO bull market is real. Just don't know when it would end.
New IPO: A homegrown air fragrance company, Vanzo Holdings Berhad aims to list on the Ace Market!
MQ Trader 69 views | 8 h ago
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
MQ Trader 266 views | 1 d ago
0:17
New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
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....
TheContrarian
9,507 posts
Posted by TheContrarian > 2024-02-27 17:32 | Report Abuse
Cepat QR out, seems ok.