Yeah like i said.. 10% p.a. growth is reasonable, asuming plastic is 5% growth and property 20% growth.

But property counters have boom to bust cycles, so you must monitor very very carefully... now is boom, when will be bust?

Imho they do not have enough asset to spin off.. only 990 acres spread in Johor and Melaka doing most medium cost housing estate. Expected they should have 4.4 bil GDV over the next 10 years.

Now at PE 10x, DY 4% is reasonable buy, but keep a sharp eye on the property side.

This post has been edited by gark: Mar 12 2014, 01:07 PM

No need to do homework.. i can tell you last 5 years financial is very very pretty.

It was one of my chicken run in 2012..

What you need to concern now is the property business growth and resilience going to be in the next 5-10 years... The stretch film business will be more or less stable with minimal growth...


Go to website and look at the property location, feeling confident?

This post has been edited by gark: Mar 12 2014, 01:13 PM

U gotta make your own decision...

I am just laying down the facts...

This post has been edited by gark: Mar 12 2014, 01:24 PM

You got 12 already... many over lapping, which one next candidate to divest?

Scientx makes auto parts and packaging... overlap with APM and tienwah.

This post has been edited by gark: Mar 12 2014, 02:59 PM

No plantations? UP, KLK or BK...

You sure?

UP is paying >4 and BK & KLK is 3-4

other smaller plantations >4

This post has been edited by gark: Mar 12 2014, 03:19 PM

Sendiri research lah....one of the better managed plantation IMHO, quite generous on divvy but minimal growth..

This post has been edited by gark: Mar 12 2014, 03:24 PM

CPO price track soybean price in return track crude oil price.

Usually CPO sells at some discount to soybean price, some time the gap can become compressed and sometimes widen. This is a tell tale sign of the upcoming movements of CPO. As a investor you can use this 'discount' to more or less determine the future price of CPO. This one is a trade 'secret'.

For example when CPO is at RM 2,300/ton recently the gap between the palm and soy oil is at all time high and it is not sustainable, so now it is rapidly closing the gap, but it might overshoot in the future and revert.

Also CPO price is affected by world food/biodiesel supply/demand and CPO stock level. Stock low then price high, stock high then price low. Currently due to hot weather CPO stock at multi year low.

Remember even how also ... CPO is the CHEAPEST edible oil on earth, and even then plantation often enjoy 30-50% margins because the cost of production is still very low compared to other edible oil. This position will not be challenged anytime soon.



This post has been edited by gark: Mar 12 2014, 03:36 PM

Think of it CPO is also very de very consumer based....

For example products made from CPO...

Frying/cooking oil/fat
Shortenings
Margarine and spreads
Replacement dairy products
Replacement cocoa products
Confectionery fat
Coffee creamers
Condensed milk/creamer
Vitamins (Tocopherol)
Food emulsifier
Ice cream filler
Food anti caking agents
Pharmaceuticals
Soap & shampoo
Fabric softener
Hair Conditioner
Candle
Detergent
Explosives
Paint
Vulcanized Rubber
Food grade Lubricant
Industrial bio-diesel

Used any of the above before?

Burger Bakar kau kau kau!

Donno oh... never really check them out yet, cause they are very diversified.

Errr.. stock price have no relation with stock value leh...

Another good day.. lucky

I play penny stock?

Of 16 stocks in my portfolio, only 3 is below RM 1..

Anyway again the price does not matter...

This post has been edited by gark: Mar 12 2014, 07:56 PM

Wednesday ... no happy hour..

You can speak about price, it is a guide for your entry and to determine value, but don,t get blinded only about price.

Yeah especially they are mas punya insurers...

How much 1 boeing 777 cost ah?

But as usual, i think they will bounce back eventually...

I think so. But i havent see their tree profile yet...

Not jumping in now.. it will be suicide.

Waiting for the downtrend to break first...maybe around rm 9....

Tree profile is a graph showing the percentage of trees under immature, young mature, prime mature, past mature and old.

Most plantations report this... peak production is from young mature to prime mature. 8 to 18 years.

This post has been edited by gark: Mar 12 2014, 10:10 PM