Thplant i have a target price of around 2.50 since when it is about 2.10.. for now its abit quite high d.. i prefer hsplant and kimloong.. For sop.. there are still potential for it to go up.... but since it already went up quite high.. i am still holding hsplant and gnealy.. gnealy target price around 7.00...
KM Loong has plenty of land along the way from Senai to Desaru. It is also near to the new Oil terminal to be built in SW Johore. Spill over development such as housing estate will move closer to KM Loong land and henceforth the value of its land will appreciate.
what now??? anyone still doubting the CPO market demand??? stock is all about supply and demand. and read the news paper that cause big haze at indon. obviously u know why... accept the fact that the demand is increase yet supply is so limited. This counter expanding their field all around sabah, johor, and even philipines. Its just the matter of time. for those who wan to "fry" the market, just make sure u have fun...tats all
Before the tree berbuah in Kalimantan, the human being sudah beranak 2 or 3 or 4. Tree takes about 3 to 5 yrs to fruit, so by the time fruit out, the child already big already and require palm oil for their food intake. Tree stress, weather affect the fruits output, El Nino, La Nina but then it does not affect the human being to multiply further. Myammar is the new economy and just open....more KFC, MCDonald, biscuit, margarine, etc etc and need more palm oil to feed the 50mil population there. Food is essential while rubber is just a wants...cant compare the two. Anyway....why worry....let the market tell you...ha ha ha.
only this plantation company doing buy back now....it is the same group of people running Cresndo
maybe not because of the CPO alone....perhaps the plantation estate at Kota Tinggi around 1093 ha contribute also.....spill over effect from recent Johor land deal
don't trust to tp from others. evaluate the stock youself and set your own buy in price. how to evaluate? you may check the total output of ffb from kimloong itself (that said 3 months) and the ffb that purchase from 3rd party. based on previous record of oer of 21%, you may forecast the output of cpo and then multiply with cpo price at around rm2,500, you can get the rough figure of quarterly revenue. you may add in the output of pk, with oer of 5% on ffb and pk rpice at around rm1,600 to calculate the revenue from pk. from here you can know the estimate of quarterly eps for kimloong. multiply with the average pe of plantation stock, you will know the tp.
Kim Loong Resources (KIML MK) Technical BUY with +12.2% potential return Last price : RM2.96 Target Price : RM3.17, RM3.32 Support : RM2.80 Stop-loss: RM2.79 BUY with a target price of RM3.32 with stop loss placed below RM2.79. Following a retracement from the recent high of RM2.92, KIML’s share price has established a strong support at RM2.80 as it gradually recovers and successfully closed above both 10-day and 21- day SMA lines. Yesterday’s breakthrough above the immediate resistance of RM2.92 on the back of a higher trading volume of 0.29m shares (vs 20-day average of 0.05m) signals a genuine breakout, thus confirming the creation of a new up-leg. Our view is consistent with the bullish readings on MACD and Stochastic as we peg our near-term target at 1.61x Fibonacci extension level of RM3.32.
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....
danielsoh
110 posts
Posted by danielsoh > 2011-05-19 00:57 | Report Abuse
target price 2.60 sen