watch out this another golden hidden plantation stock - Astral Asia Plantation Sdn Bhd (7054) Astral Asia highest share price was RM 1.90 in year 2016 when CPO is at RM3000/tonne.....now CPO price at RM3100/t, can it score the same goal as RM1.90??
CBIP has 3 core business 1.Oil mill one stop centre and a market leader in this field. 2.Retrofitting SPV 3.Palm oil plantation With NTA at 1.45 and a generous yearly dividend of 3.7%. 1.When CPO rises, more landbank will be planted, more mills would be needed. 2.For SPV , contracts are expected to be given after quiet years in 2017,2018. The star of the company is its palm oil plantation, which trees are 5-7 years old and are already yielding fruits. Its losses in this segment has been reducing over the years : FY2018 a loss of RM8.7mil, with latest Q narrowed to a loss of RM1.5mil. The CEO expects its plantation segment to break even at FY20 and profitable in FY21, when it was reported in June2019 when CPO hovering around rm1800. https://www.thestar.com.my/business/business-news/2019/06/03/cbip-counts-onplantation-ops With CPO price above RM3000 currently , its plantation segment is super undervalued. Its current share price is being assumed its plantation segment is still loss making/breakeven, which isn’t the case with this CPO rally. CBIP is a hidden gem, mainly because everybody overlooked its plantation segment. Majority of small-medium palm oil players had rallied >100% . CBIP share price hovers around RM2-2.5 when CPO prices are around RM2000-2500 in 2015-2018. A 100% increase would just bring it to where it was 4 years back , when its palm trees wasn’t even yielding fruits yet ! Remember,CBIP has a good management team which was recognised internationally .CBIP was awarded Forbes Best under a billion award for 2006,2007,2008 and 2013. Share volume is below 1mil, almost the same throughout 2019, indicating no big players is manipulating the price. Furthermore, management is supporting this price through share buy backs . You have 3 months to accumulate before the next quarter report, which will show tremendous improvement. By then the cat is already out of the bag.
AAsia had a 9 for 2 bonus issue in May 2016. Prior to that its price was pushed up because of the bonus issue. Adjusted, its peak is around 20 to 23 sens.
Oh no! Front-running one-night-stand hng33 is here! Please go somewhere else. Don't spoil RSawit. Or keep your peace please unless you got useful info. Nobody's interested on your orgasmic ins and outs.
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....
Sky Liew
940 posts
Posted by Sky Liew > 2019-12-28 10:02 | Report Abuse
Bursanalaysia got cpo price