~ Report from Alliance Bank

We downgrade FGV from neutral to SELL and concurrently lower our TP to RM3.93 from RM5.39 previously. While we have accounted for lower CPO production over the next few years due to ageing trees and replanting activities, our recent downgrade of the sector from overweight to neutral on weak export and rising inventory means our CPO price expectation need to be lowered.

Accordingly, we cut our FY12 earnings by 16.1%. The stock currently trades at 19.7x FY12 P/E which is at premium to peers and market which is untenable. With the impending expiry of the lock-up period for cornerstone investors in late December, share price weakness is expected ahead. (refer to report for details)

~ Alliance Bank

Target Price.

out of nowhere HWANGDBS issue new research report with "limited upside"... emm....

Just read the quarter results presentation of Wilmar, huge loss from "Oilseeds & Grains" segments, the rest ok. Plantation Age Profile looks healthy for long term. Higher gearing but in USD, again, may be a good thing as the CPO sold in USD (i guess...)

Overall, PPB is good but I am not confident yet because not enough information and understanding of this "huge giant"...

Q to sell @ 1.20 & 1.22

谢谢分享.

It is a journey to be rich and the journey can be fun, if you do it the right way. however, I agreed with Azizi Ali as common man view it as "sacrifice" and therefore they are common, average, not rich.

If you already meet your investment target, yes, can sit on CASH but if not, then still have to look around.

GE effect really that scary? Naively.... I don't care.

[DREAMING] if today close 1.13, tomorrow will shot to 1.20

@Pradeep, ORIENT is good. Strong CASH.Strong Balance Sheet. Under-valued.

Common problem with Under-Valued is 'when it will be valued'?

Apart from Valuation, liquidity also must be taken care of, unless the investment amount is not significant.

Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Kumpulan Fima Berhad ("KFIMA" or "the Company") wishes to inform that Puan Susan Lee Mo Leng (Puan Susan Lee), a Principal Officer of the Company had exercised 20,000 shares of KFIMA at RM1.48 per share pursuant to the Options granted to her under the Employees' Share Scheme on 14 September 2012. Following the exercise of the Options, the balance of shares in KFIMA in which Puan Susan Lee has an interest is now 30,000 shares.

This announcement is dated 14 September 2012.

Am still don't understand, is this speculative counter or really worth investing counter?

Price swing beyond my comfort, may be I should not have touch this company, to get rid as soon as no paper-loss....

Doubt on their growth sustainability.... on always doubt on venturing into CHINA - the land of ultimate shark.

if not hot, how can wealth be transferred from 'retail investors' to Fund Manager/Analyst???

Shared on Google+

https://plus.google.com/u/0/100279251844745113499/posts/Sr1N4MDTDQn

The Bank Balance is NOT net cash

I believe, holding too much cash may not be a good thing for investor and may not be a VALUE to investor directly.

Good to have huge cash but not necessary good for us, e.g. KSK (Kurnia), may have huge cash soon but the share price and prospect?

I think, balance between holding cash and leverage is important.

That is why I use Share Margin to trade, for better results.

@Fandi, does FAVCO qualify your expectation?

Cash not very high but order book is high.
PE is less than 7.5x

Wow... back to 40 sen soon... [relief]

feel better with lower paper-loss...

@KC, agreed, I have so limited buying power over last few days, pick up only few KFIMA @ 2.02, 2.05, 2.06, 2.07 and few FAVCO at 1.58 .... (too bad, sold FAVCO too early last two days for small profit as need to reduce my gearing)

There are plenty of good opportunities, we just need to keep searching for a better one.

Sharing opinion and exchange ideas are the purpose we come in here. If one can't accept and not open minded, why don't you close door and talk to yourself?

Each entitles their own opinion. After all, here is where we are free to express our opinion.

However, it is to my believe that personal attack, racist remark and those negative comments to harm/attack/destroy individual is not welcome by everyone.

Wow, up 11 points in less than 30 min...

Opportunity comes, time to sell...

bad news (short term) is good news (long term) if you know how to read between the noises...

1/3 from the top (52-w high)...look like almost there already... any sifu to advise?

Without Fools in the market, the market will be very boring.

We just learn and be aware, not become the Fools, can't stop others become one.

Sold all last week, profit taken. See you again at 340.

1M168, good research on Plantation.

FGV is holding strong until end of GE13?

Next quarter results will be worst than Q2 due to
- lower CPO price
- lower sale (China to buy Indo first... that will Stockpile is high)

Cash per share is RM1.02 (30.6.2012)
PE less than 7x.
Profit growing for past 5 years.

What could possibly goes wrong?

Segment Results from FY2010-FY2012

https://plus.google.com/u/0/100279251844745113499/posts/FnJhSGf1Ffj

For plantation stocks, why chase a PE100x company?

Buy HSPLANT or even IOI can't be worst than this.

OR SHCHAN for the intrinsic value in the Land and Plantation, now 1/2 of the Fair Value of the Land.

My average cost 1.7258... prepared to hold long term for price appreciation while collecting better than FD interest.

You take GENTING, KPJ etc as example, which is not a reason why Bonus Shares "add value".

If they don't do Bonus Shares, Share Price still up lie NESTLE.

The problem is with our Bursa System, where min. lot is 100 shares and thus if a share price is RM80 per share, then 1 lot (100 shares) is why beyond the reach by 99% of retail investors.

about more at RM2.02 this morning.... BEST BUY item.

hi pradeep, can share with us your Google+ so your posting can be followed in line with your "Investors Club"... physical meeting is less practical... online meeting is low cost and convenient for all.

Steady earnings?? A Typical Analyst Report.

Managed fund usually Open-ended Fund, which subject to many restriction and the COST is way too high for many investors.

There will be more fund in the market, sale-driven, because too many young adults are too lazy to learn the art and skill of investment. They choose to leave it to the so-called "Pro" to handle their money.

As individual retail investors, actually is good news, less people compete with you, for good and value stock, which essentially are rare commodities, in the time when too much money being printed/created year by year.

Regain to 4.73 after touch "lowest" 4.57 psychological barrier @ 4.55

Support should be from EPF, just watch announcement next few days.

Ha Ha... bought back the 1,000 shares @ 1.12

+1 for MAT CENDANA

Price retract to below 1.40 after the Right Issue @ 1.23 (1:4)

DY falls to below 7%, is that the reason they announce 3rd interim yesterday.

EPF came to save the DAY.
How about WEEK?
How about MONTH?
How about YEAR?

Price RM2.02 - (CASH) RM1.02 = RM1.00

RM1.00 / (EPS) 29 sen = 3.44x

Anyone want to buy company with good track records and cash generating performance at Low PE or 3.44x (after CASH).?

Really 80% Make Loss?

Only 80%?

OR more than 80%?

No discussion for BENALEC today... am lucky, have my 1,000 shares sold at 1.21 last week..

Government have to always paint rosy pictures... Recently they said FGV is damn good...

RED ~ Good for cash holders, bad for stock holders.

Why turn a professional forum into fighting ground?

Wonder why today so quite??

Guru said, when market is quite, BUY. When MARKET is hot/busy, SELL.

average down...down...down...

My sharing on KFIMA on Google+

https://plus.google.com/u/0/100279251844745113499/posts/RwAfj7Ve9yC

If one can do that few times in a year... it will meet all his/her investment return target.

I did that for SHCHAN but now this counter become quite... Did that for GENM too....

The Poor has no money to invest in REITs... tax cut benefits the Middle Class and the Rich, i.e. the 99%.

Are you referring me?