Bursa Malaysia Stock Watch
Sarawak Oil Palms (Buy): Still early to take profit
kltrader
Publish date: Fri, 02 Dec 2011, 09:55 AM
kltrader
0 20,638
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Still undervalued. Recent oil palm estates transactions in East Malaysia went for as high as RM80,580/ha, yet SOP commands approximately half that value despite recent share price run up (+13% since our initiation on 2 Aug). The scarcity of investable assets and undervaluation offer an interesting M&A angle, in our view. Share price should receive further lift driven by its irresistible 2011 single digit valuation and our projected 16% FFB output CAGR (2010-13). Reiterate Buy and RM6.48 TP (13x 2013 PER).
Maybank research (2 December 2011)
Click here for full report
Maybank research (2 December 2011)
Click here for full report
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stonely
Stock is good but price too high, elert trap ahead... SELL is recommended.
2011-12-02 22:59