Sabah-based plantation company Kretam Holdings Bhd, looking at improving its liquidity, could be a takeover target following the recent buying spree of plantation assets in Sabah by Peninsular Malaysia-based companies.
"Palm oil for April delivery increased as much as 0.9 per cent to RM2,602 a metric tonne on the Bursa Malaysia Derivatives, the highest level for most-active futures since January 23, and was at RM2,590 at 12.01pm in Kuala Lumpur. Futures climbed 0.7 per cent last week."
take a breather coz too fast and need a full rest ..., earning too low at 1.42 cts only and PE too high at 221???? You need 221 year s to get your capital back, right?
Did you buy more when it was in the 50s? Told you guys not to believe those panic traders, they are trying to make you sell cheaply to them! Buy and hold a stock based on it's fundamentals in the medium and long term. You cannot trade profitably with short term views
The stock will steady return back to 0.7x any time before q result announce, and very bright future with current CPO price already hits RM2,600, those plantation company will reveal better q result...don't miss the boat again.
Dutaland owed 12000 ha plantation Land worth 840m (12000xrm70000 per ha), Abandant Duta Grand Hotel totalling build up to 29th floor (surpose to build 52 storey height) worth 350 m situated In Jalan Tun Ismail and Jalan Ampang KL Town, holding of 52% of 73 acres prime Land In montkiara worth 345m( 73 x rm9.1m/acre x 52%) value at 9.1m/acre consider very prudence as recent transacted price of jalan Ampang current RM 3000/ft. And a Few piece Land In Kl centre, shan alam, Melaka centre etc etc worth 200m and further more with only 80m debt, NTA=1.97. (840m+345m+350m +200m-80m debt)/840m share. besides this, year production of 125,000 ton of FFB Now trade at RM 540/ton.
Dutaland coming quarter result around 5m profit. The turnaround result come from the completion of 38 Shop Houses In Seremban by wholely subsidiary and quarter production of 25000 ton FFB. The FFB price currently trade at 540/ton campare to last quarter 400/ton. Further reduced some interest due to sold out Olympia Plaza. Good rating By analyst can be foresee.
one brother buy one brother sell... not quite sure with what they thinking.. just have to be more cautious with this counter. not all ctr you can explain fundamentally.
CPO price touched 2,600 above already, I foreseen plantation rally will kick in very soon. as a value investor, I had participated few week back and will buy in more on Monday.
Anyone notice some big buy order for these few days? Yesterday there's like 4-5 BIG buy order at 5000lot@0.625; and today morning another 2 BIG buy order at 5000lot@0.615...Going to continue monitor tomorrow to check whether is it someone quietly accumulating on the shares....
CPO PK 2013 2012 2013 2012 January 2,162.00 3,149.50 1,024.50 1,870.00 February 2,340.00 3,051.50 1,136.00 1,780.00 March 2,297.50 3,243.00 1,083.00 1,919.00 April 2,258.00 3,454.00 1,140.00 1,975.00 May 2,237.50 3,148.50 1,131.50 1,686.50 June 2,355.50 2,917.00 1,160.00 1,712.00 July 2,297.50 3,016.00 1,193.00 1,612.50 August 2,303.50 2,787.50 1,261.50 1,493.50 September 2,322.00 2,690.00 1,316.50 1,327.00
very simple justification for my investment:- - The CPO price increased significantly - Net Cash in hand with class A palm estate - The FFB production increased significantly - very low inventories - Double revenue from refinery segment - Future CPO growth/acquisition/expansion
Lim Nyuk Foh Disposed on 12/02/2014 ,1,000,000 shares at 0.626 Disposed on 13/02/2014 ,2,000,000 shares at 0.630 Disposed on 14/02/2014 ,1,500,000 shares at 0.620 Disposed on 17/02/2014 ,2,000,000 shares at 0.623 Everyday...this brother unload Kretam ?
if not this fellow, the price already rebound back 0.70 above.
not sure the reason behind why this fellow keep dumping and pressing the price down, maybe are preparing for something ...heheh ....for me the fundamental of company didn't changed and maybe good entry time for us.
Today 10:52am another 5k@0.61 bought, someone is really slowly accumulating on the company shares day by day....If not for this brother, the shares would have gone up alot....
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Posted by othman66 > 2014-02-09 23:32 | Report Abuse
tomorrow 65 cents