Bursa Malaysia Stock Watch
CBIP - New RM44.7m contract
kltrader
Publish date: Tue, 27 Mar 2012, 12:11 PM
kltrader
0 20,639
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
CB Industrial Product; Buy; RM2.49
Price Target: RM3.00; CBP MK
CBIP has clinched a RM44.7m contract from Syarikat Ladang Sungai Terah Sdn Bhd which is based in Kelantan for a full turnkey factory (utilising the Modipalm mill) with capacity of 30 tonnes/hour (RM42.6m cost) and another extension of 15 tonnes/hour (RM2.1m).
We understand CBIP has strong prospects for more order wins. Demand for Modipalm mills has improved steadily with the mill's capability of producing at higher Oil Extraction Rates (OER) for clients. With its strong balance sheet (net cash RM0.86/share with completion of disposal of Sachiew and Empresa estates), high ROE of 21%, 21% net margin, we consider current valuations at 7x forward earnings attractive. Maintain Buy with SOP-based RM3.00 TP.
Source: HwangDBS Research 27 March 2012
Price Target: RM3.00; CBP MK
CBIP has clinched a RM44.7m contract from Syarikat Ladang Sungai Terah Sdn Bhd which is based in Kelantan for a full turnkey factory (utilising the Modipalm mill) with capacity of 30 tonnes/hour (RM42.6m cost) and another extension of 15 tonnes/hour (RM2.1m).
We understand CBIP has strong prospects for more order wins. Demand for Modipalm mills has improved steadily with the mill's capability of producing at higher Oil Extraction Rates (OER) for clients. With its strong balance sheet (net cash RM0.86/share with completion of disposal of Sachiew and Empresa estates), high ROE of 21%, 21% net margin, we consider current valuations at 7x forward earnings attractive. Maintain Buy with SOP-based RM3.00 TP.
Source: HwangDBS Research 27 March 2012
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-11-22 12:20:00
EMA 5
10 Mins
BUY
2024-11-22 12:20:00
TURTLE SYSTEM 20
10 Mins
BUY
2024-11-22 12:15:00
EMA 5
5 Mins
BUY
2024-11-22 12:15:00
ADX
5 Mins
BUY
2024-11-22 12:15:00
TURTLE SYSTEM 20
5 Mins
BUY
Apps
Top Articles
1
2
Good Articles to Share
A 30-Year Expert Trader’s HONEST Confession - Ziet Invests
3
Koon Yew Yin's Blog
6
BFM Podcast
7
Koon Yew Yin's Blog
Why all plantation companies will continue to report more profit - Koon Yew Yin
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
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....
