"after market closed, talk is easy".but it is all meaningless.---traders As the petrolium price fell,Malaysian domestic economy started to cool off, only exporting companies are still doing ok, these include oilpalm plantations.as the commodity price in world market ,is at reasonable profitable level.
wow cpo price go up 2791 wow Indian government buying cpo wow indonesian palm reserves drop most in 22 months wow ringgit going down , good for taan wow taan going limit up like tecguan
Fantastic buy long term, be confidence, sure win, going limit up buy fast
KUALA LUMPUR: Malaysia’s exports rose 1.5% to RM67.58bil in August from a year ago, exceeding economists’ expectations of a decline of 2.3%, underpinned by higher exports of palm oil, and electrical and electronic (E&E) products including semiconductors.
Maintain OUTPERFORM and TP of RM3.94 based on unchanged Fwd. PER of 16.0x applied to FY17E EPS of 24.6 sen. Our Fwd. PER of 16.0x is based on +0.5SD valuation basis, which we believe is justified by TAANN’s above-average FY16E FFB growth of 12% compared to the sector average of +2%. We expect the acquisition to support long-term FFB production growth, while in the near-term, earnings should improve on seasonally stronger FFB production, supportive CPO prices, and stabilizing timber prices in 2H16.
we notice the company has current cash level of RM304m, lying idle , and this is put into good use,this should be considered positive , and not negative. unless the purchase is an overpriced deal, like what was happening in FGV.
Study the S&P agreement first (At MYR211.1m (excluding debt at Agrogreen), the acquisition cost is at MYR41,482/planted area.), the debt may not be included lah.
locality of the plantation land carry extra value,not too far from Kuching,i think the management sees the future prospect,and thus willing to pay abit higher then normal.
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Posted by enning22 > 2016-09-26 21:54 | Report Abuse
one thousand apologies , guys!