Weida may climb higher if it breaks above the RM1.50 psychological level. A purchase can be made if it happens with a close below last week's low of RM1.40 as a stop-loss. The price target is RM1.70. Failure to break higher may embolden sellers with the stock likely correct on a close below RM1.40. Supports are at RM1.27 and RM1.20.
weida is a very undervalue stock because it also owns 16,000 acres of planted oit palm estates in Sarawak located along the Sibu/Bintulu corridor. They bought it 6 years ago at a very cheap price of only about RM2500 per acres and since then they had planted the oil palms using their own internally generated earnings and cash flow. Conservatively valuing it at RM30k an acre its plantation asset is already worth RM480m or RM4.00 per share. Stand alone EPS before the contribution from plantation is already about 18s per share so with a PE of 10 its stand alone share price should be at least RM1.80 and if we add the plantation asset then it should be worth at least RM5.80 per share.....
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4327 views | 4 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
weida
weida is a very undervalue stock because it also owns 16,000 acres of planted oit palm estates in Sarawak located along the Sibu/Bintulu corridor. They bought it 6 years ago at a very cheap price of only about RM2500 per acres and since then they had planted the oil palms using their own internally generated earnings and cash flow. Conservatively valuing it at RM30k an acre its plantation asset is already worth RM480m or RM4.00 per share. Stand alone EPS before the contribution from plantation is already about 18s per share so with a PE of 10 its stand alone share price should be at least RM1.80 and if we add the plantation asset then it should be worth at least RM5.80 per share.....
2012-08-27 10:37