it's a GLC that's for sure, so you can expect some support from G as well.
And if it's a heavyweight of KLCI you should know that to push KLCI up, it'll need to push those heavily weighted KLCI counters as well.

anyway just a thoughts, no recommendation from my side.

Actually their dividend is.. not that great?

03 - 26
04- 25.96
05-23.76
06-21.6
07-27.01

The dividend in 08 (51.8) was an exceptional case.

thplant

1. good cash
2. the dividen okey
3. from the NAV value not to far.. adn earning per share is okey.

Hello all,

Am a newbie at this. Been observing market for some time now, very interesting ... Then with sudden pig flu scare saw market go haywire. What is your take on this? Plantation stocks should not be affected right? Yet I see them tumbling down wor ...

rising tide raises all ships, the reverse is also true.

the plantation counters were overbought in the rally and are now bring sold down based on market sentiment.

wait for prices to come down and it should be a good time to enter again. I'm hoping for IOIcorp to come down to ~3.8 so i can enter.

Wah! That's a big difference from current price!

Reading the past few posts, looks like you've been keeping an eye on IOI for some time hor. (IOIOI - hahaha.)

I will wait for another 2++. 3.8 still very high to me.

The odds of that happening are very slim or ...

If really really low - 3.5 maybe??

Ya, 3.5 should be a good price. 2.xx just a dream.

Anyone bought Batu Kawan lately? I am quite pissed off that it is not rising in tandem with the other plantation counters despite it's low PE ratio especially when you compared it with KLK. I am merely breaking even. I bought it about two months ago

Good point - but I am surprised that KLK been so constipated recently...need some enaema to make it take off...
Any thoughts??

Volume weak, Tabung Haji & ATM favourite.

On average, 300 lots done each trading day (from Jan until now)

Will it drop after EX date payment, ie 20th May?

Correction. EX date is on 6th May. On 5 May, the closing price was RM1.72. Then because of the EX, it opens at RM 1.64 on 6 May.

So if not mistaken, current price already accounted for the div. Correct me if I am wrong.

yes you are right.

never mind for this counter i make for my long term investment, the price still cheap compare other plantations company. i went to the AGM, the board will expend the land bank. it good for the futures. The cpo price is also climbing up. the cure oil is also climbing up back. good for buying oil plam plantation company

BKawan is not those kind of stock that price can move one.

You must be a real long term investors in order to gain from it. Its liquidity simply too low, which most fund managers won't look into it, while retail punters won't look into it because it is not a goreng stock.

It doesn't drop much, so up also not much.

A lot of plantation counter is trading at teen number PE roughly 10 or 10 plus current based on projected/lastest earning. Don't look at last year EPS to judge the PE, as last year EPS mostly is based on CPO price more than Rm3500 level.

While current market view CPO at RM3000 is not a sustainable level.
Unless CPO price moves drastically to the upside, then we will see their share price start to move in big.

I got the same problem with KLK... Hold, then no move but now go down..think your analysis correct.

Also notice many journos ramping KULIM - think this will go up this week.
My KLK will dump when I get to B/E....

Crabtree and Evelyn is not good also for KLK...

What Plantation stock should we keep as part of sensible portfolio?

KLK has been up a lot prior before market run up, from 7-8 to 11.00 or so.

In fact a lot of plantation stocks has been up nicely even before this market rally. So you don't see mangificient performance lately on plantation stocks compared to overall market especially those goreng stock that had been severely beaten down.

BKAWAN and KLK's performance is counted not bad already I think. KLK just invested like USD50mil in Indonesia and it should be earning accretive soon.

My CHINTEK and KSENG moving even slower, dividends so-so only at 4-5% ROI. Each of them holding ~RM200mil cash, hopefully they do something useful with it.

KLK has rallied more than Bkawan lately before coming off it's high of 11.70. KLK has breached it's Feb high of 11.40 but BKawan is still nowhere near it(9.20 i think). Both of them in fact share the same management. Bkawan is managed by the brother of KLK's MD which in turn is also a director in Bkawan. The same applies to the MD of Bkawan who is also a director in KLK. Kulim has the lowest PE by far among all the plantation stocks(less than 5 in fact). It's volume became razor thin after the the oil buble burst but it is showing some signs of coming back now. I have purchased Kulim before but i didnt make a lot of profit for it. However, it's downside risk is lower compared to KLK especially. Some people might exercise caution over Kulim because it is heavy on Solomon Islands and PNG (very volatile regions politically). Furthremore, many chinese might also not like the fact that it is a malay company