EPF has stopped disposing PPB shares since 3 days ago. They started accumulating the share now. I am looking good at the growth of the company's different divisions and contribution of Wilmar International as well (even better if CPO increase in the future). With its strong assets and cash, I think it can perform well this year (with around 20sen first quarter) and it's relatively "cheap" blue chip compared to others.
PPB share price performance is very much dependent on its Wilmar stake's performance; since Feb13 Wilmar share price has been hammered down very severely to 3.14 (very near its Sep 12 low of 2.99). Although EPF stopped its selling and in fact has been buying a little these few past days, it looks like wayang wayang. Smells fishy here, I am not hopeful PPB can hold for much longer before collapsing back to its Dec12 low of 11.16. Caveat emptor !
Technically, the immediate support level for PPB Group Berhad (PPB) is RM13.50, which is near the RM12.08 protective stop calcutaed from the chart. The next immediate resistance level to look out for could be at RM14.10.
no lah. Only 16 sen. I sold after a bit minus expenses still make. My God. The charges not worth buying this type of stocks unless they jump by a dollar
Headline: Firms such as Kellogg's, Unilever and Nestlé 'use child-labour palm oil' Amnesty claims producer Wilmar employs children to do back-breaking physical labour on refineries in Indonesia
Wa...16.74 already. Dividend 17 cents.....wonder when bonus n share split!!! So much profits! Wilmar in Spore also doing well. Guess there is foreign buying!!!
one have to imagined that this USD$50 billion or at least initial $10 billion from all e-trades permits approvals generate from DFTZ/Alibaba when start in 2018 or early 2019 is COMPULSORY/MUST pass tru DNEX (4456) e-services software platform tat currently been authorized by Gov to integrates with most gov agencies to get each items/goods pass on from shippers to consumers. Just 1 segment from IT can rake up 1000% folds profits, haven't count others segments like O&G, Hydro Energy, Foreign Workers Permit, VEP and RFID profits.
Government Intermediaries. The country’s external trade has been expanding continuously over the last three decades. As such, the demand on government services also increases annually. To cope with business demands and constraints on government capacity expansion, the government outsources some of its functions, by privatising specific government functions, setting up or appointing a private and commercial entity to run the outsourced function. These entities are monopolistic outsourced service providers.
In the case of Customs, the online customs clearance activities have been outsourced to a company Dagang Net Sdn. Bhd. which is an e-commerce service provider. Dagang Net has performed over 275 million electronic transactions and RM1.8 billion worth of Customs duty payments and serves more than 5000 customers.
The customers base will definitely expand tremendously in the just newly launched malaysia and world 1st DFTZ and Alibaba gigantic USD$50 billion digital economy trades will definitely benefits 100% DNEX (4456).
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....
passerby
2,877 posts
Posted by passerby > 2013-05-17 19:42 | Report Abuse
Another one of my favorite croc in the making :) I"m loving it.