Journey to Wealth
Daily Trading Stocks: Weida (M) Bhd
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.
Source: OSK
Source: OSK
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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....
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