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2013-09-08 09:52 | Report Abuse
The continuing slump in CPO prices has dented the earnings of plantation companies in the 2nd quarter this year.
RSAWIT is the worst performing upstream player, continued its losing streak, posting a loss before tax of RM19mil in 2Q2013, compared with a profit before tax of RM5.03mil in 2Q2012.
In1Q2013 it registered a loss before tax of RM15mil.
In its earnings announcement, RSAWIT says its selling prices for CPO & PKO fell 30% & 34% respectively from a year ago. This resulted in decreased revenue of RM62mil as opposed to RM87.3mil in 2Q2012. Lower margins n increased harvesting costs also contributed to the gross losses.
2013-09-08 09:35 | Report Abuse
LATEST NEWS FROM THE EDGE
In terms of valuations, TA Securities favours PANTECH which is still relatively cheap at only 8.39 times forward earnings & has a target price of RM1.42 per share against its closing price of 0.94 last Friday.
Catalysts include the group's recently secured approvals to supply carbon steel pipes & induction long-bends from Petronas as well as approvals for nickel alloy fittings by NORSOK from Norway.
Good Luck.
2013-09-07 15:38 | Report Abuse
PERFECT TIMNG + LUCK = WINNER
2013-09-07 15:18 | Report Abuse
Stocks r like human beings n v cannot make comparison between a rich man & a poor man.
2013-09-07 15:10 | Report Abuse
GREAT SANG-JERO u r truly a great value investor. If 80% of investors hv the same ideology like u PANTECH will be in safe hand & the price by now shld be around 1.20-1.30 & further uptrend is exremely bright & sunny.
2013-09-07 10:33 | Report Abuse
Dont worry v r always united with our minority shareholder leader bro SANG JERO. United we stand. Divided we fall.
2013-09-07 10:18 | Report Abuse
Sorry I'm using e-broking trading at a low brokerage charge of just 0.10% only.
2013-09-07 10:08 | Report Abuse
At this moment of uncertainties it is still not the right time to bottom fish.....instead u might catch a SHARK....n eaten by them. The mkts r still fragile n will quickly turn to the reverse direction upon any bad news or selloff on other mkts.
2013-09-07 09:02 | Report Abuse
ramona rahman dont try to press the panic button to frighten asoh. U must equipped yrself with positive thinking...n to be united with all PANTECH investors n not to give in to the bidders whom r anxiously queuing to buy at a lower price.....or u might be one of the bidders?
2013-09-07 06:08 | Report Abuse
However next week trading is at a higher risk with US Fed Open Mkt Committee meeting around the corner scheduled for 17/9 & 18/9 & also the possibility of US military action against Syria after the Congress meeting.
Unluckily if u take position next week u might be caught in the 'crossfire' & the risk of getting 'burnt' is exceptionally high. It would be much safer to enter the mkt after stabilising of the outcome of FOMC meeting & the Syria war....... then it is the right moment to go 'shopping'.....during the MEGA SALES period...with plenty of choices bidding at a steep discount.
Be cautious & good luck.
2013-09-07 05:40 | Report Abuse
Next week trading is at a higher risk with US Fed Open Mkt Committee meeting around the corner scheduled for 17/9 & 18/9 & also the possibility of US military action against Syria after the Congress meeting.
Unluckily, if u take position next week u might be caught in the 'crossfire' & the risk of getting 'burnt' is exceptionally high. It would be much safer to enter the mkt after stabilising of the outcome of FOMC meeting & the Syria war.....then it is the right moment to go 'shopping'.....during the MEGA SALES period with plenty of choices bidding at a steep discount.
Be cautious & good luck.
2013-09-07 05:20 | Report Abuse
Be patience wait for golden opportunity.......after......US Fed Res tapering...&.......Syria war.......then go shopping during MEGA CHEAP SALES......at steep discount.
2013-09-07 05:16 | Report Abuse
The highly expected increase in RPGT during the coming Budget 2014 in Oct will definitely hv an adverse effect on property related stocks. Equity investors & property speculator r advised to be cautious on the coming Budget 2014.
2013-09-07 05:08 | Report Abuse
This counter is a 'goreng' counter. Suddenly u can see hugh volume with plentiful of buyers & sellers, but in some instance u can see relatively small volume with limited buyer & seller engaging in a 'tug-of-war' scenario ending the day with low volume done or untraded. For yr info, yesterday volume traded for MTDACPI is 0 & untraded.
So u must be well-discipline to hv patience to buy MTDACPI at low & u must be alert to take profit when opportunity arise. Good Luck.
2013-09-06 19:45 | Report Abuse
55880955 Where r u the whole day. What is the support level?
2013-09-06 19:38 | Report Abuse
JAKS will be the main beneficiary for the Langat 2 project due to monopoly for the supply of exclusive water works pipes & fittings.
The water sector is currently bullish but due to uncertainties ahead......Syria war.......US Fed Res tapering.........Emerging mkt financial meltdown esp India.......causing investors to be cautious.....resulting equity mkt in a shakey position.....
2013-09-06 19:24 | Report Abuse
Today very healthy correction. Water sector still bullish but override by too many uncertainties ahead.....Syria war.....US Fed Res tapering....Emerging mkt financial meltdown esp India..........
2013-09-06 19:13 | Report Abuse
KIMLUN was awarded 2 new contracts :-
(1)Construction of service apartments n offices in Puteri Harbour, Nusajaya,
JB for a contract sum of RM210mil.
(2)Earthworks, piling works n structure works for 2 blocks of commercial
buildings in JB for a contract sum of RM115.5mil.
2013-09-06 17:01 | Report Abuse
Water related sectors still bullish. Today's downtrend is a healthy correction. JAKS is the penny stock to watch.
2013-09-06 16:37 | Report Abuse
Possible....if positive thinking
2013-09-06 16:29 | Report Abuse
Our bro SANG JERO always remind us to hv positive thinking.....will fly high..
2013-09-06 15:48 | Report Abuse
Felda holding 10.35% or 58,322,266 units
2013-09-06 15:25 | Report Abuse
Weak mkt sentiment ahead of the possibility of US military war against Syria & the effects of the Fed Res Open Mkt Committee meeting scheduled on 17/9 & 18/9 respectively on its tapering of stimulus policy.
Investors remain cautious n took profit off the table for the weekend.
2013-09-06 15:13 | Report Abuse
Volume getting lower n lower compare with last few days.... how to go go go.....Marcus
2013-09-06 11:14 | Report Abuse
SANG-JERO What happen to this batu moving like a snail n very low volume.
2013-09-06 11:11 | Report Abuse
1/2 Penang Lang Marcus dont worry 'Ini kali lah' cannot wait for 'Lain kali lah'
2013-09-06 10:50 | Report Abuse
Yesterday fully stretched n now in consolidation mode.
2013-09-06 10:28 | Report Abuse
Guys. I'm not willing to take position today my risk appetite is very low. Anyway good luck & hv a nice n wonderful weekend.
2013-09-06 10:20 | Report Abuse
What happen to our 'Bolehland', the whole week mkt still very weak. I dont believe it will cross the RM1 mark today due to weekend, weak mkt sentiment n low volume. If a car does not hv petrol, how to climb up the hill.
2013-09-06 09:32 | Report Abuse
Weak mkt sentiment. Keep yr finger cross. Best of luck.
2013-09-06 09:20 | Report Abuse
Today mkt indicating sign of weakness, investors r very cautious ahead of Fed Res Open Mkt Committee meeting on 17/9 & 18/9.
2013-09-06 08:59 | Report Abuse
Tqvm for sharing. Good luck n god bless
2013-09-06 06:24 | Report Abuse
Chart data is just an indicator or data prediction n could go either way due to physiological factors n news sensivity. V do not hv a crystal ball to predict the future, n the future always gv us a lot of surprises instead of our expectation. The success on investment is solely base on perfect timing & luck.
2013-09-06 05:58 | Report Abuse
Shld share with our chartist 55880955.
2013-09-06 04:52 | Report Abuse
55880955 Did u buy @ 2.73 which u hv been aiming to take position when it reach that level.
2013-09-05 21:00 | Report Abuse
Today I'm extremely lucky to sell my MTDACPI at the right timing early in the morning for an attractive high price of 0.46 enjoying excellent profit margins.
2013-09-05 19:07 | Report Abuse
55880955 It seems that u r quite confidence that MALTON will test the resistance level of 0.795 on Tues & over a period of 1 week @0.825.
But do u take into consideration the possibility of US military war against Syria & most importantly the effect of Fed Res Open Mkt Committee meeting on 17/9 & 18/9 respectively for tapering of stimulus policy. Maybe u might think that the tapering news hv already been absorbed n shall not hv any impact on the equity mkt.
Just to share with yr opinion whether is there any risk to enter the mkt within this period of uncertainties.
Today I've sold GOB & MALTON incurring a relatively small fraction of losses. But luckily I managed to make some profit fr MTDACPI which I've bought at a low price to offset my losses for GOB & MALTON.
2013-09-05 17:25 | Report Abuse
Marcus Beh 1/2 Penang Lang + Miss Tow Truck 1/2 Penang Lang = 1PENANG LANG. He...he....huat.....ar....
2013-09-05 16:51 | Report Abuse
Today with tongkat ali pun tak bolih naik
2013-09-05 13:28 | Report Abuse
I noticed that the current mkt trend is quite weak with daily average seller more than buyer n uptrend chance is very limited.
Furthermore, the Fed Res Open Mkt Committee meeting is getting nearer, so I decided to cut loss by selling @0.77 which I've bought @0.795 earlier on.
Unluckily my 'hit & run' formulae was caught in the crossfire immediately when I took position due to price going downtrend for a few days n does not provide me the slightest opportunity to run.
My losses is very minimal compare with others n I'll never give up n shall wait for the next opportunity to recover my losses plus interest. God bless & good luck to all investors
2013-09-05 12:57 | Report Abuse
I noticed that the current mkt trend is quite weak with daily average seller more than buyer n uptrend chance is very limited.
Furthermore, the Fed Res Open Mkt Committee meeting is getting nearer, so I decided to cut loss by selling @0.76 which I've bought @0.77 earlier on.
My 'hit & run' formulae was caught in the crossfire immediately when I took position due to price going downtrend for few days n does not provide me the slightest opportunity to run.
So my bleeding is very minimal n shall wait for the nxt opportunity to recover my losses with interest. Good luck & god bless.
2013-09-05 11:00 | Report Abuse
Congratulation & Good luck 55880955. Nobody can predict the high n low. Most importantly make some profit already satisfied. By nxt week I'll reduce my portfolio to 0, becos I dont take risk. GOOD LUCK 55880955.
2013-09-05 10:12 | Report Abuse
So Marcus u same with Miss Tow Truck......he....he....
2013-09-05 09:57 | Report Abuse
Marcus Beh, 55880955 & myself all Penang Lang.
Stock: [RSAWIT]: RIMBUNAN SAWIT BHD
2013-09-08 10:43 | Report Abuse
cherry tomato, Whether the management is sleeping or talking nonsense cannot be contested becos that's what hv been officially reported in The Edge & my purpose is to share with every minority shareholders.
In fact I've already sold all my shares since last year rally & making a hugh fortune becos I hv been continuously accumulating this stock before the right issues & bonus issue of 1:1, n was so lucky to disposed the stock at the right timing n at a high price.
At presently I am still monitoring the stock n shall wait for the right timing to accumulate this former hidden gem as was reported by the analyst in The Edge margazine.
That is why I've selected my ID name as hiddengem becos of my deep sentimental value with RSAWIT for rewarding me with a handsome profit..