@sunnyguy, yes, Borneo Edible Oil S/B, that is the place where they sell their crude palm oil there for further processing. This is related party transaction.
Based on top 30 shareholder list in 2019 Annual Report, his name is no more there. The 30th shareholder just hold around 2.8 million share.... So, I think cold eye should sell all his share already.
Buy companies with prudent management like hapseng n tsh. No point to buy the cheapest plantation stock as we r not buying a physical plantation n manage it ourselves. We want to hold shares of companies that can generate profit.
The coming QR might report a better result compared to last Q (Q4). The CPO production increased by 70% compared to Q4 while logging production increased by 5%. Last Q4 result was so bad because it has included a 1 off taxation of 64M. The operating cost + finance cost is only -26million but management has insert a tax of 64M and causes the eps to be -9.42 instead of only -2.3. Of course this is not a great company but upcoming quarter should report small losses or maybe breakeven or mayb small gain. Unable to determine the value of this company just hoping it can go on a recovery road so that it will start reporting +ve eps and then we can value how much this company worth.
The technical chart shows that it is on an uptrend. It has broken the midterm line and closing the gap in the long term line. If the price can stays above 56c, it will cross a 200ma line. MACD and rsi shows there is a good momentum.
by today if can stay above 56c, i think it will formed a golden cross on the 200ma line. Meaning it has broken the long term bullish line....ya....go go .....Jtiasa
CPO price has also increased. The average for July-sept is Rm2060. Oct is 2200 and current it is above 2450. Hope it maintained above this level but below 2500. Else, CPO shoot to 2800 straight bcoz trade above 2500 need to pay windfall tax. Anyway, overall the CPO price has rebound + Jtiasa production has increased by 70%. It will definitely report a more favorable result for Oct-Nov'19 (2Q).
Yeap.....sui sui. Tomorrow continue uptrend as I think it form at golden cross at the 200ma. meaning, market also strat to bullish on jtiasa long term.
JTIASA (4383) - Fundamental & Technical Analysis November 12, 2019 | Hong Wei Giet
Technical Analysis =============== - JTIASA shares price has been slashed by 85% since its historical high which indicated Palm Oil counters' shares price is led by economic cyclical. - It is not recommended to hold for the long term. More suitable to speculate method due to their company
Over 7 years oil palm tree >80%, FFB output capacity from year 2007 until today 34 times increase, CPO and Kernel output from year 2011 until today 29 times and 25 times increase
i guess the solid fundamental is as what Wilson describes. Their tress has matured and now is at the peak of it output. So now the only thing left to spark the share price to fly like a rocket is the CPO price. So if CPO price can continue to go up, Jtiasa just waits to collect money.
the short term has cross the 200MA long term line as well and it has formed a golden cross. Also the 200MA line is moving upward. Chart wise beautiful. I think it is on a bullish trend.
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....
sunnyguy
152 posts
Posted by sunnyguy > 2019-10-16 23:33 | Report Abuse
Nepo, u mean Borneo Edible Oil Sdn Bhd?