Calm down bro, I'm just stating the fact based on the situation now... I also hope it will fly as I'm still holding it until now.. BUT hill timber cess payment increase from 80 sen to RM50 per cu m is really not a joke, it will definitely impact on the profit
buy when many2 people talk bad news, Okla u can parking cheap2 price, They collect,following them, Better u buy now than rm1.45 above in January, Year GE election, mesti tolong punyer, Heard plantation big meletup record,can recover.....off course....
From January price slowly down from price rm1.4+ until now(news out),maybe insider know from January ,price in bottom n news out morning today, I just start buy when bad news already out, Panic sell.... I buy Lor.....election Ma....
No more new planting, no more new Palm mill, no more capital investment on logging equipments, only to bear cost of harvesting. If still can't make profit and pay higher dividend, management must be query.
we should ask how 张晓卿 manage his companies... look at RSAWIT, its can be say as the worst managed oil palm company in Malaysia. Even THPLANT is better managed then them. look at RSAWIT's balance sheet and cash flow and you will know what i mean.
while for ppl saying JTIASA plantation will meletup. it supposed to be, but with a POOR OER and poor execution of harvesting of FFB where lots of palm fruit left to rot, don't think the result will be very nice. and not to mention their log dropped from a stable 80k cu m to around 40k cu mand now further drop to 25k cu m (15k cu m in Jan 17).. it is very disturbing to see the rate how fast it drop.
and now the rise of tax from 80 sen to RM50 per cu m to a sarawak foundation to sponsor schlolarship of poor students overseas.
watch closely on their monthly result and only enter when there is a turning point from the worst.
QR result this month for performance from January until March when ever the best CPO palm oil mill high record , the hike tax start July whenever a result in September, Buy when a bad news n experience will teach u....election mood,anything can happen,impossible become possible...
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....
Gentlemen
166 posts
Posted by Gentlemen > 2017-05-07 21:25 | Report Abuse
Same.. will buy in more if drop further..