KUALA LUMPUR: Jaya Tiasa is still a cheap entry into the oil palm sector, although the stock has risen 40% since end-November 2015, said AmInvestment Bank.
“It is on track to meeting our FFB production projection of 900,000 tonnes for 2016. For 2017, we are projecting a 19% year-on-year growth to over 1mil tonnes and 12% increase in 2018,” it said.
The research house maintains it Buy call on the company, with a higher target price of RM2.18/share, based on an unchanged 2016 PE of 25x but with a higher EPS of 8.7 sen.
yes ljmeng, m-o-m decrease for log, FFB and CPO..not sure if this is due to seasonal effect... but q-o-q log increase...the lower y-o-y log production is most likely offset by better USDMYR...earnings driver will be coming from FFB and CPO production, which is starting to snowball
Figures are good no doubt about it but d share price movement is controlled by the directors, price may not be favourable due to low volume, Directors have made their money now they will push price down....!!!.....???
It is not manipulation but d so callec "profit taking" hence share price can move any direction besides share price movement is "syndicated"!!!!!!!!!!!!
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3309 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
mfmqqq
211 posts
Posted by mfmqqq > 2016-01-13 10:59 | Report Abuse
accumulate jtiasa...still accumulating..gd luck