plantation counters that moving drastically on today (4/1/07)

feel that too much attention given to the plantation counters...if it goes up like this when CPO prices go up, imagine whhat would happen to our index when it goes the other way!

the price increase like mad!

Worth keeping Plantation stock for longterm i think. CPO price go beyond USD100 per barrel, i think palm oil price will follow through, oil price will definitely keep going up.

easier for you guys to refer

List of plantation counters (main board): http://biz.thestar.com.my/marketwatch/main.asp?clp=12

i got no plantation counter, but i'm eyeing Asiatic!!!

currently i have HSPLANT.
ASIATIC eyeing since the price of RM7.XX, i was waiting it's price to drop RM6.XX then onli keep this stock...looks like now already too high to keep.

cam i know hap seng holds how many % share in hsplant??

Hap Seng Consolidated Berhad listed its Plantation Division as Hap Seng Plantations Holdings Berhad on the Main Board of Bursa Malaysia in its Initial Public Offering on 16 November 2007. As at listing day, Hap Seng Consolidated Berhad retains 50.84% ownership of Hap Seng Plantations Holdings Berhad.
Hap Seng Plantations' activities are located mainly in the Lahad Datu region in Sabah and consist of three Groups of Oil Palm Estates, namely Hap Seng Plantations (River Estates) Sdn Bhd, which comprises the Tomanggong Group of Estates and the Sungai Segama Group of Estates, as well as Jeroco Plantations Sdn Bhd and Hap Seng Plantations (Ladang Kawa) Sdn Bhd.

i manage to buy Asiatic @ RM9.1

U plan to keep long term or short term? May i know ur target selling price?

i don't know what is the target price but,

Crude palm oil prices (CPO) have continued to strengthen in recent days, tracking higher crude oil prices. The crude oil market shows no sign of retreating despite closing near the US$100 per barrel mark. And with soyoil prices also trading at record levels, on expectations of tight global supplies, the CPO market appears likely to stay robust in the near to medium term.

Asiatic Development sells most of its output in the spot market and so should see almost immediate benefit from prevailing high prices. The stock is also trading below valuations on peer IOI Corp and KL Kepong, at roughly 18.8 times our estimated earnings for 2008.

We are estimating net profit to expand by 13% y-y to RM370.9 million or 49.2 sen per share - on the back of higher FFB production and selling prices. Our forecast assumes CPO prices to average at RM2,600 for the year. Should prices sustain at current high levels, the shares will look even cheaper.

Asiatic has a relatively young oil palm plantation landbank totalling 65,530 hectares. Mature trees account for almost nine-tenths of total planted area, about 47% of which are in their prime ages of 7-15 years. The company is in the midst of acquiring some 98,300ha of land in Indonesia.

Upon completion, its total plantation landbank will rise to nearly 164,000ha. That would place it at par with its bigger peers. Planting has commenced and will be completed in stages over the next few years. The venture will underpin growth over the next decade.

Noted this from STAR paper. Share price already appreciate more than 30% since past 3 mths. Will let ur know when i have the conplete fundamental study.

Having the highest PE ratio ranging from 32 to 18

TRADEWINDS PLANTATION BERHAD

IJM PLANTATIONS BERHAD

KUALA LUMPUR KEPONG BERHAD

ASIATIC DEVELOPMENT BERHAD

UNITED PLANTATIONS BERHAD

UNITED MALACCA BERHAD

This post has been edited by Kinitos: Jan 8 2008, 11:10 PM

Now isnt the best time to buy any plantation counters...
I eye Asiatic at RM7 but even at that price, I already feel its too expensive, let alone at RM9++.

If you want to buy, I think Kulim will gain significantly these few days... I saw in the papers today that Kulim seem to have PE lower than 10x even with RM9 price tag.

icic..thanks

do u own this stock??

how about the ceo of hap seng group?? (wat is the name??)
can be trust??like PBB teh hong piw
agrresive??like topglove'ceo??

looking among the plantation stock....ioi is more agresive..but the price is damn high(i know some one will said expensive or not is not depend on price,depends to value, but erm....price really high la )


do u have researvh on hap seng??
how u think hap seng after split the hsplant??i know after split the eps will reduce.....

any new plan for hap seng???

Asiatic will benefit most from the current high CPO price, cause from what i read, asiatic is the only ibg plantation company that does not sell ahead(futures), they sell on current market price.


yes, in fact before it shot up to more >RM12, the value of KLK shares itself in bkawan is already more than the value of bkawan shares according to the edge which wrote about bkawan weeks back.

just read about another small time plantation, chinteck, from thestar online newspaper. anyone has done homework on this counter?

err, aren't you guys worried about going into plantation counters now? especially with looming recession and reduction in commodity prices?

feels like the CPO theme has been played up way too much...

i got 2 lots of HSPANT from IPO.
Not too sure whether on the management team, but i know the newly release financial result is good EPS 29.4(sen) per RM1.00; which is good. i'll hold on this stock..

hapseng detail can refer to below link.
http://www.hapseng.com.my/

just going with the flow brather.. , but you're right, just a matter of time before the prices come down, but for nw anybody with plantation stocks should be brimming away..