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KLSE: CBIP       CB INDUSTRIAL PRODUCT HOLDING
Last Price Avg Target Price   Upside/Downside Price Call
1.75 2.18     +0.43 (24.57%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
05/01/2018 1.85 2.10 +0.25 (13.51%) BUY KENANGA Price Target News
05/01/2018 1.85 2.13 +0.28 (15.14%) BUY HLG Price Target News
05/01/2018 1.85 2.00 +0.15 (8.11%) HOLD AMMB Price Target News
29/11/2017 1.78 2.10 +0.32 (17.98%) BUY KENANGA Price Target News
29/11/2017 1.78 2.13 +0.35 (19.66%) BUY HLG Price Target News
24/08/2017 1.98 2.48 +0.50 (25.25%) BUY HLG Price Target News


Price Target Research Article/News (past 6 months)
05/01/2018  KENANGA CB Industrial Product - Signs Contract for RM61.4m Mill
05/01/2018  HLG CBIP - Secures new contract from Indonesia
05/01/2018  AMMB CB Industrial - Wins RM61.4mil contract from Oriental
29/11/2017  KENANGA CB Industrial Product - 9M17 Meets Our Forecast
29/11/2017  HLG CBIP - Slower Engineering Job Replenishment
24/08/2017  HLG CBIP - Stronger Quarters Ahead



  6 people like this.
 
Davidl Waiting at 1.50 now!
28/11/2017 18:07
ipodkaki Its just forex loss, mainly due to appreciation of ringgit I believe.
28/11/2017 18:14
Tanleechoo How much is the forex loss? Why operating exp up so high ? Can help to explain...
28/11/2017 18:43
Tanleechoo No wonder result release so late compared with last Qtr
28/11/2017 18:47
Chanzeryl Unusually large volume today. Luckily sold during share buy back by company and director few months ago.
28/11/2017 18:50
apolloang datuk calvin tomoro pengsan liao,profit down a lot
28/11/2017 21:07
ipodkaki People, go read CBIP annual report 2016, page 170 to 180..
Effects on Profit After Taxation (2016)

United States Dollar/Ringgit Malaysia:
- strengthened by 5% 3,423
- weakened by 5% (3,423)

Indonesian Rupiah/Ringgit Malaysia:
- strengthened by 5% 6,864
- weakened by 5% (6,864)

Two main issues are the appreciation of ringgit vs USD and Rupiah, which means Rupiah has been weakened when compared to Ringgit. If you compare MYR/IDR on 1st of July till 1st of October (Q3), it has risen from ~3100 to 3200, which translates to about 3.2%, it is about 4.4 million Forex loss.

Similarly, USD/MYR has been weakened since July 1st (4.3) till October 1st (~4.2), which translate to about 2.4%.,it is about 1.7 million of Forex loss.

Roughly, just this quarter they have about 6 million ringgit loss due to ringgit appreciation.

In the quarterly report saying there is 17 million ringgit FOREX loss for the financial year (till now 9 months), this means first and second quarter combined, CBIP have ~11 million forex loss.
28/11/2017 21:08
ipodkaki My 2 cents.

Forex loss is pretty common for a big MNC like CBIP, if you dig further into CBIP's different segments of business, it is actually doing good.
I am comparing the revenue as to me it is more important.
Palm oil engineering and process (revenue: 70.5 million vs last quarter 97 million) are bit slowing down compared to last quarter. This is understandable considered the palm oil price drops quite a bit.
Palm oil plantation - Relatively much smaller portion since the trees are still maturing ~4 million for 9 months

Retrofitting special purpose vehicles
Obviously this is the game changer, this quarter the revenue is DOUBLED (101 millions vs last quarter 50.1 million) of last quarter. I believe the company is working very hard to diversify the business from palm oil processing and switching the focus to this special purpose vehicles area.

Pros
1. The palm oil price is at one of its lowest point, I expected it shall rebound sometime.
2. CBIP's plantation's palm oil tree is maturing (See annual report in 2016)
3. The exponential growth of special purpose vehicle retrofitting

Cons
1. Ringgit continue to appreciate will further cause forex loss.

With the points above, I personally will continue to buy in CBIP's share as I am really looking forward to the SPV retrofitting and I expect the palm oil price to be coming back soon. And yes, the only risk is on the foreign exchange.
28/11/2017 21:40
Tanleechoo Now ringgit go stronger n stronger , this means the risk is up
28/11/2017 23:44
notebook 1.5 SOON
28/11/2017 23:49
calvintaneng Don't be so pessimistic

This quarter actually not so bad lah

Revenue Increased from Rm140 millions to Rm167 millions

NTA also increased from Rm1,38 to Rm1.43

Profit down due to unforeseen circumstance and should be a One Off

Look at these

1) MODIPALM ALREADY EXPANDED TO SOUTH AMERICA

2) OIL PALM TREES MATURING WELL IN INDONESIA

3) CPO EXPORTS FROM <ALAYSIA INCREASED OVERALL THIS YEAR MEAN CONSTANT NEED FOR CBIP SERVICES

AND MODIPALM IS ALMOST A MONOPOLY!

SO ANY SELL DOWN DUE TO WEAKNESS JUST ADD.

LONGER TERM PROSPECT STILL GOOD
29/11/2017 00:28
apolloang tomoro sure down either more or less
29/11/2017 00:36
apolloang lost of confidence also on maju berak,tomoro sure lau sai cos reported loss
29/11/2017 00:40
Yippy68 Drop more buy more for good average, this is still a good Cinaman business in good hands.
29/11/2017 03:14
jibbie everyday cheaper
29/11/2017 08:01
Yippy68 Haha, proving CBIP is good. Bought 1.75 sold for profit at 1.83 very good day.
29/11/2017 10:30
maxlau1223 good for you. I log 1.75 but cant get... too late... Hope afternoon got ppl throw.
29/11/2017 11:07
LOLANTO Profit drop but share price up, where is the justice???
29/11/2017 11:14
Yippy68 I am sure you are not a businessman. Got up and down, Cbip is a strong company, 1.80 is undervalued, smart people buy and keep.
29/11/2017 11:23
ipodkaki As what Buffet said, revenue is more important. I have already mentioned above, value investors will add in now
29/11/2017 12:16
Jon Choivo How is the Modiplam machinery unique or much more useful compared to the competitors.

Who are their competitors.

What can the Modipalm machine do that others cannot do.
29/11/2017 12:22
calvintaneng See MODIPALM

https://www.youtube.com/watch?v=FDpy4nwFarw

NOW FULLY AUTO AND EXPANDED INTO SOUTH AMERICA

Nearest competitor is dolphin with their outdated semi auto one

Miles behind MODIPALM
29/11/2017 14:46
leslieroycarter 28-Nov-2017 Quarter Result Quarter Result on 30-Sep-2017[#3] QoQ - -62.87% YoY - -76.11%.
QoQ dropped 62.87%
YoY dropped 76.11%
Thus , the corrections will not stop here ...
29/11/2017 15:30
maxlau1223 Today CBIP share buy back, that's why it didn't drop as expected?
29/11/2017 18:44
ampabella I follow beli satu at 1.83, wish me happy good luck, dulu Saya beli 2.20 now kena average balik
30/11/2017 15:21
symbol Good luck ampabela..
01/12/2017 05:56
cheoky guess modipalm is just a step better than conventional palm sterilization process machine. it is the customer relation and competitive pricing. cbip then himself try create the brand effect. then easier for manager to propose modipalm to the bod of palm oil mill with excuse same price better machine.
02/12/2017 13:16
Nihar Mynihar air terjun sudah mari ker..
05/12/2017 11:08
ampabella Jump at your own risk, I sulah jump 2 times, enaf oreli
05/12/2017 12:49
Nihar Mynihar sudah lama jump
06/12/2017 15:22
Yippy68 cbip buying back????
08/12/2017 17:56
Tanleechoo Research house quote more than Rm 2.00+++ so low PE share not necessary good Loh
16/12/2017 19:44
Tanleechoo Down trend !
20/12/2017 22:00
ACE9696 knn! pigi holland d
20/12/2017 23:39
Yippy68 common sense, will company and director buying back their share if heading Holland.
21/12/2017 13:48
Tanleechoo There is always + or - for company/ director buy back own shares.. it just want to control the free fall . Lately ,MCA is buying back star share too finally it is ..the market forces determine
21/12/2017 22:02
Yippy68 3 sen dividend OTW
22/12/2017 10:57
cyeec2000 When to be given?
22/12/2017 11:10
Yippy68 will announce soon. is already allocated..175 /174 look ok for a solid company.
22/12/2017 12:30
cyeec2000 Yup I already topped up..
23/12/2017 22:07
ampabella the wound is slowly healing oreli
04/01/2018 13:56
cyeec2000 Contracts won by CBIP
04/01/2018 17:26
Tanleechoo Take time to go up .. Hope next Qtr result is good n not pull down by forex
04/01/2018 19:58
cyeec2000 Good rebound
05/01/2018 12:06
Tanleechoo Still patient with this counter
10/01/2018 21:26
cyeec2000 Yup I think holding power is important..
10/01/2018 22:02
Damien Lim This year definitely going up, revenue from kalimantan plantation will be ready this year. Holding stock, dont worry be happy :D
11/01/2018 11:55
ampabella tomorrow dapat rm30 ....can go makan hokkien mee + Yong tau foo
11/01/2018 13:42
Damien Lim haha not so soon la, slow slow wait. Come after CNY period and March will be different story. If drop summo want to top up. Who have holding power is king kong king kong
12/01/2018 10:53
jibbie http://www.theedgemarkets.com/article/eu-parliament-plans-push-remove-palm-oil-biofuels-mix
not good news for palm oil
18/01/2018 05:00


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