Furthremore, many chinese might also not like the fact that it is a malay company

[/quote]


if u dont like a malay company dont invest in PNB like amanah saham wawasan 2020. still thinking negative in perkauman apa la...

Guys,
In stock market or investment, there is no such thing of like who run the company.

Investors only care about company making profit for them, they don't care what race or who run it, as long as the management board can perform to deliver good profit to the shareholders then it is deem a good company.

So please leave those kind race comment out in the future.

For PE issue, please becareful using those figure, it is inapproproate to use past year earning to judge it is cheap or not or its future because past year CPO price was more than 4000, but this year, plantation company no longer able to repeat those kind of EPS. PE figure is based on last year data not this year. What stock market care is about current and future, not the past.

[quote=masterjedi,May 10 2009, 11:02 PM]
Furthremore, many chinese might also not like the fact that it is a malay company

[/quote]
if u dont like a malay company dont invest in PNB like amanah saham wawasan 2020. still thinking negative in perkauman apa la...

[/quote]


Sorry if i caused offence but I have never said that i dont like Malay companies. I merely said that some other chinese might not. I personally dont care about the race of CEO's as long as the companies are well runned. Like i said, I have bought shares of Kulim and even Sime Darby before. I do know that there are many suckers among the second and third liners that are managed by Chinese. Therefore please dont accuse me of being racist.

U can put even a monkey in management, as long as it is making money and being managed well, nobody cares.

well said

IOI Corporation: BNP Paribas keeps BUY with a higher target price of RM5.00 (RM4.10 previously).

Plantation stocks buck trend

KUALA LUMPUR: Plantation stocks managed to retain their gains despite the overall market closing weaker and crude palm oil (CPO) prices falling for the first time in three days.

The plantation index closed 1.18% higher at 5,097.91 points, led by Kulim (M) Bhd, which gained 25 sen to RM6. Kuala Lumpur Kepong Bhd was up 20 sen to RM11.20, Kwantas Corporation Bhd put on 15 sen to RM2.09, while Sime Darby Bhd rose five sen to RM6.55.

IOI Corporation Bhd added eight sen to RM4.44, Sarawak Oil Palms Bhd six sen to RM2.42 and Asiatic Development Bhd two sen to RM4.96. United Plantations Bhd and Boustead Holdings Bhd remained unchanged at RM10.50 and RM3.66, respectively.

AmResearch said in a note it maintained an overweight stance on the sector as low inventory levels coupled with rising crude oil prices would sustain CPO prices. “We like bigger caps like IOI Corp and KLK. Among the smaller caps, we are positive on Asiatic Development and IJM Plantations Bhd.”

Based on the Malaysian Palm Oil Board (MPOB) report on May 11, palm inventory levels remained low, with April’s inventory falling 5.14% to 1.29 million tonnes, the lowest since April 2007, from 1.36 million in March.

CPO prices for July delivery, however, fell for the first time in three days, losing RM25 to RM2,660 a tonne on Bursa Malaysia Derivatives. A palm oil trader said CPO prices closed lower as market players had opted to close their long positions.

“Most market participants had expected inventory figures to fall lower to 1.2 million. So with April’s data at 1.29 million, players have opted to close position. We expect CPO prices to be range-bound this week, trading between RM2,600 and RM2,800 a tonne should tightness in supply remain,” she told The Edge Financial Daily via telephone on May 11.

The Kuala Lumpur Composite Index ended a marginal 1.28 points lower on May 11 at 1,025.5 points on late selling pressure. Gainers outpaced losers 448 to 362, while 196 counters traded unchanged. Trade was brisk with some 3.85 billion shares changing hands.

Based on Bloomberg data, the KLCI was trading at a price-to-earnings (P/E) ratio of 14.72 times, which was below its historical P/E of 15.63. KLCI’s P/E were 21-24 times during the bull markets of the 1980s and 1990s.

Key Asian markets were also mostly lower, with Singapore’s Straits Times Index down 3.22% to 2,166.1 points, and Hong Kong’s Hang Seng Index retreating 1.74% to 17,087.95 points.

Crude oil eased US$1.22 (RM4.29) to US$57.3 per barrel as at 6.18pm on the New York Mercantile Exchange after the recent surge last week.

Maybank Investment Bank technical chartist Lee Cheng Hooi pegged KLCI’s resistance between 1,037 and 1,064 points and support between 998 and 1,026 points. He said the support range should be “a very secure zone for bargain-hunting activities”.

“Since the current rise in the KLCI is flat, investors should not get caught at the end of this rebound move. The rebound could be of a sustained nature, but do not outstay the pseudo-bull’s welcome.

“There could be bouts of sporadic profit-taking but be prepared to buy on weakness, whilst disposing of some minor positions to lock in some short-term profits,” Lee said in a note.

URL: http://www.theedgemalaysia.com/business-ne...buck-trend.html

That is very high.

Yeah i agree. CPO futures has risen way too fast for comfort. It is quite obvious that the equities market are not really buying it. Plantation stocks have stopped risen in tandem with equities market since CPO hit 2200.

its has been red for plantation stocks for the paast days.

any good bargain stocks to go in

I'm also thinking that now is not a bad time to go in, but O&G is just too hot....

for me the concept for cpo price will go up if the oil price is also going up.

Which plantation counter that u guys think is the most attractive in term of value and growth. I would like to buy into a CPO company but not sure which 1 to go in.


Any expert mind to share their opinion??

Ya I would like to know too. Which plantation stock will you give higher weighting? And why? Please share..

This post has been edited by DanielW: Jul 29 2009, 08:01 PM

Time to revive this thread

IOI Corporation Bhd expects the crude palm oil (CPO) price to reach the RM3,400 level by the first quarter of next year, according to its Executive Chairman, Tan Sri Lee Shin Cheng.

He said the CPO price is likely to trend higher if the La Nina condition continues.

"The RM3,00 level now does not take the weather into consideration. If you did, then, the RM3,300-RM3,400 level is not a dream but a reality," he told reporters after the company's annual general meeting in Putrajaya today.

Read more: IOI expects CPO price to reach RM3.4K http://www.btimes.com.my/Current_News/BTIM...l#ixzz13jiiaQ9X

---

Added on October 29, 2010, 5:18 pmPLANTATION stocks will be among the biggest winners from the conclusion of Comprehensive Economic Cooperation Agreement (CECA) negotiation between Malaysia and India, says MIDF Research.

"The trade agreement is timely as it will give Malaysia concessions, with tariffs on refined palm oil sold to India to be reduced by 45 per cent by end-2018," it said in a note today.

It said the CECA would be signed in July 2011 and was expected to almost double trade between both countries by 2015.

"Coincidently, we have upgraded our plantation sector recommendation to 'positive' recently, raising our forecast for the average crude palm oil price in 2011 to RM3,000 per tonne from RM2,650 per tonne," it said.

MIDF Research said another significant beneficiary would be the construction sector.

Read more: Plantation stocks to gain from trade talks http://www.btimes.com.my/Current_News/BTIM...l#ixzz13jnm2h1I

This post has been edited by SKY 1809: Oct 29 2010, 05:18 PM

RVIEW[SIZE=14]

Updating

Some info on Soya bean too.

This post has been edited by SKY 1809: Oct 31 2010, 09:16 PM


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Perhaps Thplant? giving dividend soon.

Kisah roti takde effect ka?

Analysis from Hong Leong Investment Bank:
Neutral rating, top picks are Tradewinds and CBIP.




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