I bought this stock about one month ago, 70,000 at 1.13 (£0.216). Some plantation stocks are now grossly undervalued, THP is one, also Sarawak Plantation. If there is a market correction later this year, these shares should hold their value as they have declined 30 - 40 % over the last 2 years. Mr Calvin, what do you think about Golden Land for a long term play ?, NAV seems pretty high.
no doubt that plantation stock will be in focus soon...i am seeing a 20% increase maybe within 3 months..pls use more palm oil product...avoid sunflower oil and olive oil for now
-------------------------------/------------------------------ calvintaneng WHOA! 14.42 Cts PROFIT THIS QUARTER! AND 6 CENTS DIVIDEND COMING! NTA ALSO NOW AT NEW HIGH OF RM1.60! FANTASTIC! ALL KAYA LEOW!! 23/02/2017 17:15
Bro calvin! It me cheshirecat. Im at drb there too. Im interested to come bck buying oil palm stock. The last oil palm stock i got is kulim. Making good $$$$$. Keep update us info calvin. Thank q very much.
Good morn all the dear brothers in the forum, auntie went tru comments n info in the forum , it is very interesting to come bck buying palm oil stocks. Keep sharing info please. Thank q very much ah to dear brothers n calvin aso.
My take on THPlant: the management has done a decent job since they started on the cost optimisation strategy in 1Q2016. No doubt the asset rationalisation will artificially pad up the cash reserves and profit numbers. Nevertheless they have done a good job paring debt, and I see another 5-6sen dividend sometime his year.
I am paying attention to the May and June FFB and CPO production numbers to see if they show enough growth yoy to offset the falling CPO prices. My sell indicator is simple = if CPO price breaches RM2300. At the moment I'm holding on to this stock as a turnaround play. Mildly speculative but 2Q results should be good enough to prop the price up. Malaysian investors are all very short term thinking one..the crunch will be in 3Q-4Q...
the biggest play on THPlant is their recovery story, at the moment it's all up up up from here...the question is how high and how long (barring another plantation glc scandal...)
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....
calvintaneng
56,701 posts
Posted by calvintaneng > 2017-02-12 13:05 | Report Abuse
One more thing,
People thought I was crazy to forecast that CPO prices might touch Rm6000/Mt when it was still hovering around Rm2,400/Mt
Now CPO has crossed Rm3,100/Mt.
With depleting stock of CPO at all time low level there will be an acute shortage of CPO worldwide going into year 2018.
So when CPO prices skyrocket - ALL PLANTATION COUNTERS WILL ALSO COME INTO FOCUS
SO THE THEMATIC PLAY FOR YEAR 2018 MIGHT BE CENTERED AROUND ALL PALM OIL STOCKS