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0.96   +0.03 (3.23%)  0.92 - 0.96  486,500
1,887 comment(s). Last comment by Albukhary at Nov 28, 2019 12:25 AM
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Yippy68
1085 posts

Posted by Yippy68 > Nov 8, 2017 2:15 AM | Report Abuse

Calvin Tan why so quiet?


calvintaneng
30960 posts

Posted by calvintaneng > Nov 8, 2017 2:29 AM | Report Abuse

Calvin still accumulating slowly & quietly


apolloang
13791 posts

Posted by apolloang > Nov 8, 2017 2:51 AM | Report Abuse

kmloong n sop up a lot,this kmloong illiquid,very hard to buy


calvintaneng
30960 posts

Posted by calvintaneng > Nov 8, 2017 2:57 AM | Report Abuse

SOP Dr, Neoh & other Sifu are inside.

So not cheap.

CBIP is neglected so Calvin likes


Yippy68
1085 posts

Posted by Yippy68 > Nov 9, 2017 4:18 AM | Report Abuse

CPO up up up. Cbip zzzzz zzzzz zzzzz why?


Knownfact
134 posts

Posted by Knownfact > Nov 9, 2017 10:08 AM | Report Abuse

CPO up up up. Cbip zzzzz zzzzz zzzzz why?

coming..........................


Tanleechoo
144 posts

Posted by Tanleechoo > Nov 10, 2017 9:11 PM | Report Abuse

Let wait for Q3 result ..


ACE9696
111 posts

Posted by ACE9696 > Nov 19, 2017 7:42 PM | Report Abuse

habislah habislah
1.300 coming


Chanzeryl
30 posts

Posted by Chanzeryl > Nov 20, 2017 11:26 AM | Report Abuse

Must be insider dumping in large quantity


Davidl
943 posts

Posted by Davidl > Nov 22, 2017 2:40 AM | Report Abuse

Downtrend towards 1.60


Y2016
162 posts

Posted by Y2016 > Nov 23, 2017 10:31 PM | Report Abuse

Wait long long


Yippy68
1085 posts

Posted by Yippy68 > Nov 27, 2017 3:42 AM | Report Abuse

QR should be out soon


Tanleechoo
144 posts

Posted by Tanleechoo > Nov 28, 2017 12:26 AM | Report Abuse

Anxious to see Qtr result .. UP ? down ? No much changes ?


curious2
1830 posts

Posted by curious2 > Nov 28, 2017 5:46 PM | Report Abuse

No wonder kicked out from MSCI. Weak QR known ahead.


kinuxian
162 posts

Posted by kinuxian > Nov 28, 2017 5:59 PM | Report Abuse

very disappointed result.. worsen by operating expanses which increased by 553% (3.1m to 20.2m)


Davidl
943 posts

Posted by Davidl > Nov 28, 2017 6:07 PM | Report Abuse

Waiting at 1.50 now!


ipodkaki
55 posts

Posted by ipodkaki > Nov 28, 2017 6:14 PM | Report Abuse

Its just forex loss, mainly due to appreciation of ringgit I believe.


Tanleechoo
144 posts

Posted by Tanleechoo > Nov 28, 2017 6:43 PM | Report Abuse

How much is the forex loss? Why operating exp up so high ? Can help to explain...


Tanleechoo
144 posts

Posted by Tanleechoo > Nov 28, 2017 6:47 PM | Report Abuse

No wonder result release so late compared with last Qtr


Chanzeryl
30 posts

Posted by Chanzeryl > Nov 28, 2017 6:50 PM | Report Abuse

Unusually large volume today. Luckily sold during share buy back by company and director few months ago.


apolloang
13791 posts

Posted by apolloang > Nov 28, 2017 9:07 PM | Report Abuse

datuk calvin tomoro pengsan liao,profit down a lot


ipodkaki
55 posts

Posted by ipodkaki > Nov 28, 2017 9:08 PM | Report Abuse

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.


ipodkaki
55 posts

Posted by ipodkaki > Nov 28, 2017 9:40 PM | Report Abuse

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.


Tanleechoo
144 posts

Posted by Tanleechoo > Nov 28, 2017 11:44 PM | Report Abuse

Now ringgit go stronger n stronger , this means the risk is up


notebook
428 posts

Posted by notebook > Nov 28, 2017 11:49 PM | Report Abuse

1.5 SOON


calvintaneng
30960 posts

Posted by calvintaneng > Nov 29, 2017 12:28 AM | Report Abuse

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


apolloang
13791 posts

Posted by apolloang > Nov 29, 2017 12:36 AM | Report Abuse

tomoro sure down either more or less


apolloang
13791 posts

Posted by apolloang > Nov 29, 2017 12:40 AM | Report Abuse

lost of confidence also on maju berak,tomoro sure lau sai cos reported loss


Yippy68
1085 posts

Posted by Yippy68 > Nov 29, 2017 3:14 AM | Report Abuse

Drop more buy more for good average, this is still a good Cinaman business in good hands.


jibbie
520 posts

Posted by jibbie > Nov 29, 2017 8:01 AM | Report Abuse

everyday cheaper


Yippy68
1085 posts

Posted by Yippy68 > Nov 29, 2017 10:30 AM | Report Abuse

Haha, proving CBIP is good. Bought 1.75 sold for profit at 1.83 very good day.


maxlau1223
17 posts

Posted by maxlau1223 > Nov 29, 2017 11:07 AM | Report Abuse

good for you. I log 1.75 but cant get... too late... Hope afternoon got ppl throw.


LOLANTO
51 posts

Posted by LOLANTO > Nov 29, 2017 11:14 AM | Report Abuse

Profit drop but share price up, where is the justice???


Yippy68
1085 posts

Posted by Yippy68 > Nov 29, 2017 11:23 AM | Report Abuse

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.


ipodkaki
55 posts

Posted by ipodkaki > Nov 29, 2017 12:16 PM | Report Abuse

As what Buffet said, revenue is more important. I have already mentioned above, value investors will add in now


Choivo Capital
3193 posts

Posted by Choivo Capital > Nov 29, 2017 12:22 PM | Report Abuse

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.


calvintaneng
30960 posts

Posted by calvintaneng > Nov 29, 2017 2:46 PM | Report Abuse

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


leslieroycarter
5496 posts

Posted by leslieroycarter > Nov 29, 2017 3:30 PM | Report Abuse

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 ...


maxlau1223
17 posts

Posted by maxlau1223 > Nov 29, 2017 6:44 PM | Report Abuse

Today CBIP share buy back, that's why it didn't drop as expected?


ampabella
879 posts

Posted by ampabella > Nov 30, 2017 3:21 PM | Report Abuse

I follow beli satu at 1.83, wish me happy good luck, dulu Saya beli 2.20 now kena average balik


symbol
19 posts

Posted by symbol > Dec 1, 2017 5:56 AM | Report Abuse

Good luck ampabela..


cheoky
2566 posts

Posted by cheoky > Dec 2, 2017 1:16 PM | Report Abuse

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.


Mynihar Nihar
121 posts

Posted by Mynihar Nihar > Dec 5, 2017 11:08 AM | Report Abuse

air terjun sudah mari ker..


ampabella
879 posts

Posted by ampabella > Dec 5, 2017 12:49 PM | Report Abuse

Jump at your own risk, I sulah jump 2 times, enaf oreli


Mynihar Nihar
121 posts

Posted by Mynihar Nihar > Dec 6, 2017 3:22 PM | Report Abuse

sudah lama jump


Yippy68
1085 posts

Posted by Yippy68 > Dec 8, 2017 5:56 PM | Report Abuse

cbip buying back????


Tanleechoo
144 posts

Posted by Tanleechoo > Dec 16, 2017 7:44 PM | Report Abuse

Research house quote more than Rm 2.00+++ so low PE share not necessary good Loh


Tanleechoo
144 posts

Posted by Tanleechoo > Dec 20, 2017 10:00 PM | Report Abuse

Down trend !


ACE9696
111 posts

Posted by ACE9696 > Dec 20, 2017 11:39 PM | Report Abuse

knn! pigi holland d


Yippy68
1085 posts

Posted by Yippy68 > Dec 21, 2017 1:48 PM | Report Abuse

common sense, will company and director buying back their share if heading Holland.

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