Last friday, the plantation stock come into limelight after the CPO's future surge pass the RM 3,000 level ( two years high). Some of the plantation stock like Rsawit, TDM, Jtiasa, Bdplant, Kimloong, THPlant and so on had experienced handsomely gain on their share price. By the way, the US's soybean oil also up 1.42% in friday trading which hit 3 years high due to high purchase demand from China. The trend of soybean oil look bullish as the El la nina climate pattern potentially leading to lower production.

Matang Bhd (0189), the only plantation counter which listed in Ace market. As many of share price listed in Ace market had been goreng few fold from their lowest price. Matang Bhd showing steady and sideway most of the time as the share price still traded between 5.5sen to 9.5sen. While the Bursa in currently on Palm oil's smooth, you may seriously look into this counter now.

When we look into the fundamental of Matang bhd, you will find that this is the net cash company. Since the company listed in 2017, the company had registered profit very quarter. Recently, the company also propose the dividen payout for 2020 at 0.15 per share.

Although the company is related to MCA  but the company outlook is promising. The company have started venture some of the land in Johor to plant DURIAN...As you all awake, Chinese always alert on the economy changes and the venture to plant durian Tree for Matang is expect to generate significant income in another 3 to 5 years.

Notes: Diclaimer