Adrianzeus....no news as yet but last report I read stated that the company is confident of getting the tax exemption for another 10 years from Feb 2015 for their new patented product.

Latest news flow from Indonesia - President is not supportive of restricting foreign ownership at 30%. This is positive for foreign plantation companies incl CBIP although it is not a pure plantation play. Tomorrow should be positive for Msian plantation companies.

Submission for Bonus & Warrant issue made to Bursa last week with approval expected this week/next week - this should be positive for share price.

As long as you have done your homework on the company / stock and you are convince it is a good decision to buy into the company / business, then you should be greedy when others are fearful :)

I would say financials are within expectations - in fact, 2014 should be another overall good year for the company. Palm oil mill equipment segment had a good quarter. Special purpose vehicles contribution was lower due to lower project completion and billing. Oil palm plantation segment remains loss making as they not yielding any fruits as yet. The selling of this counter the past week (due to Indonesia Govt proposed restriction on foreign ownership of plantation land banks) appears to be over done as this company is not a plantation counter per se. Palm oil mill equipment business remains its core business activity.

Short term price weakness seen due to weak CPO price and negative news flow from Indonesia on restricting foreign ownership in plantation land banks ( although this is only at proposal stage and not made law yet). Palm oil engineering is still the significant revenue contributor to the group; plantation land back is still relatively immature at this stage. RM4.80 appears to be the next support level. Hopefully this holds for next week -I bought a few more at this price on Friday.

Wow. Thanks Firebird2. Have yet to check Bursa today. So much for buying more tomorrow.

If the bonus 1:1 plus free warrants market rumour is true, then I should continue buying tomorrow :-)

No worries Firebird2. Broke RM4-80 today. Will be interesting to see if it can hold tomorrow, then RM5-20 should be the next resistance level. Anticipating some positve news with the quarterly financial results which should be out within this or next week.

Interesting, thanks for the info. That will only mean share price will be moving up. Let's hope it will break the RM4-80 resistance level in the coming week.

Interesting development. Bonus issue I can understand considering their strong retained earnings. Warrants ? That will usually be accompanied by right issues. Don't think this company requires to raise cash at this moment.

Will be interesting to see if it breaks the RM4.80 (all time high) level tomorrow.

Hopefully Firebird2. Tomorrow's price and volume movement will provide us a clearer indication.

Hopefully....believe the price surge was just shareholders reinvesting the dividends they received today.

Quarterly results should be satisfactory considering the number of projects they have secured. Hoping they declare more dividends. Counter started moving today. Expecting more positive movements tomorrow.

Counter has been consolidating the past few weeks...good time to collect before the AGM and quarterly results next week.

Annual report is out - Chairman's statement in the report and business outlook are positive + AGM at the end of this month + quarterly results also out end of this month + share buy back + expectations for dividends = RM6.00??

Let's be patient Firebird2. I am certain this counter after all its volatility will touch RM5.00 soon and RM6.00 in the coming 6-12 months. Let's be patient and enjoy the ride!

I started accumulating at RM2.60 - RM2.80 more than a year ago but have recently started buying again at RM4.60 last week. Looking at the positive response CBIP received in the NDR in Japan along with the revelation that they do not have any competitor in the Msian market (except for a small player that is 25% of their size), I am convinced this counter will hit RM6.00 in the coming 6-12 months if their earning momentum continues.

I am very impressed and pleasantly surprised with the rising price trend the past 2 months. Questions I have is who is buying ? New investment funds or potential new investor (s)? Based on the current market cap, this counter will attract new interest from investment funds but liquidity remains a challenge as this is quite a tightly held counter. If it's a new investor (s), as long as they remain under 5%, we will never know their identity. Plantation companies should also find CBIP interesting as CBIP compliments their plantation business.

Agree Firebird2. This counter has begun to attract a lot of interest because of its good business fundamental and growth prospects. A number of brokerages are re-rating and revising upwards their target price. RM6.00, here we come!

I still hold to my target of RM6 :-)

CBIP is not a pure CPO play but CPO prices do have a large impact on this counter. Looking at current CPO price and supply shortage forecasted in the coming months, this should have a very positive impact on this counter. Furthermore this company may be of interest to plantation companies as a M&A target - their expertise in construction of mills will certainly be synergistic to plantation companies.

Agree with Firebird2. Everyday it's reaching a new high. Analysts are re-rating this counter and setting higher price target. My wish list for this counter - 1) RM6 target, 2) higher dividends or distribution of treasury shares, 3) bonus issue.

Existing business is doing well and current focus on palm oil is good for this counter (positive re-rating). What I am keen to see is their plans for the oil & gas business....that could be their future business catalyst.

Do not recall that they have a dividend policy. Traditionally they pay dividend twice a year and it's about 40% of EPS but hopefully with increasing EPS, dividend will be higher this year.

Agree with Firebird2. Momentum and newsflows are all positive. Just enjoy the ride!

Agree. If company can sustain this quarterly earnings for 2014, RM6 is achievable and still having a PE of about 10x.