Ya, bought 12 lots at 1,80 and became 72 lots. Made closed to 200% profit inclusive of the dividends paid. I remember bought in 2010 or 2011. Very satisfied with the profits!
No doubt TDM is a good company. Once upon a time, it was my favourite counter, but as well as CPO price in low price level, it was hardly to submit a good financial result and so the price was unable to persist in high level.
lcng123, haha, dont u think it is a good time to buy in when CPO prices are low? but i do agree on the part that we have to compromise with the less satisfactory financial results...
Just wait and see the latest financial result. I don't think the result will good. Just look at the other plantation companies who have announced their financial result, you will know that.
The price will go up to 1.20 next year. I am sure... base on the history record this is goin to happen soon.. primarily correction in normal...the market is designed to go up.... which is inevitable.
Don't simply say something eithout ruby's tidying facts. The newbies may be burning their money ! This is forum to share for making money and not losing money. Tdm is making huge loses!
Cpo is heading north no doubt, but is it sustainable? i have no idea, but fundamentally, supply falls is the theme for the rally, how about demand? Has our largest trading partner China pick up their consumption? Someone mind to share?
Lately there are some news saying that supply (even soy oil) has tighten and demand for edible oil has increased. These favour the palm oil counters. Whether is it sustainable, nobody knows...I want to know too :)
CPO temporarily going up due to Phillipine typoon haiyan! Don't know how severe the coconut oil industry over there affected by recent super typoon! Furthermore, pam oil output is severely affected by current rainy season!
TDM may climb after its firm close yesterday. A trader may opt to purchase the shares if the stock stays above MYR1.00, with a close below MYR0.98 as the stop-loss. The price target is MYR1.20, if the MYR1.10 resistance is broken. A failure to stay above MYR1.00, however, could see the stock trade lower, and the downside risk will increase if the stop-loss is triggered. Source RHB/Bloomberg.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
susuan
214 posts
Posted by susuan > 2013-11-20 15:54 | Report Abuse
Ya, bought 12 lots at 1,80 and became 72 lots. Made closed to 200% profit inclusive of the dividends paid. I remember bought in 2010 or 2011. Very satisfied with the profits!