Just cut loss because already break support. Bankers are giving up to goreng this counter, i think. Fortunately I was cut loss at last Thursday at 0.565, now already dropped to 0.550~0.560
PROSPECTS on annual report -2016 The year 2016 was indeed a difficult one, impacted by global economic headwinds and erratic market conditions such as volatile commodity prices, weak currency, unpredictable weather conditions and softening of consumer sentiments. Nevertheless, positive prospects for the Malaysian economy in 2017 are premised upon expectations of an improving global economy and the continued growth in domestic demand. The GDP is projected to register growth of 4.3% - 4.8% in 2017 (2016: 4.2%). Oil prices are also anticipated to be higher in FY2017 following the decision by members of OPEC and several other oil producing countries to reduce crude production to ease the glut in global oil supply. Likewise, CPO prices is expected to trend upwards from the average price of RM2,500 last year to approximately RM2,800 per metric tonne this year. Notwithstanding the above, we are optimistic that the diverse nature of our core businesses will provide us with the strength and stability needed to withstand external shocks arising from any changes to the economic environment. Building on the solid progress we have made in strengthening these businesses, we believe we will be able to maintain our growth momentum in the year ahead.
The Energy sector will continue to be the leading contributor to the Group’s earnings in the near future. With the encouraging LPG sales volumes recorded in the first quarter of FY2017 coupled with our initiatives to improve supply and distribution capacity, the segment is again expected to deliver commendable results for the year. Our Agro sector meanwhile is projected to record a decent uplift in earnings following the narrowing of losses once the mill in Mukah becomes operational at the end of the second quarter of FY2017. The performance will potentially be further boosted with the positive outlook of CPO prices combined with the anticipated uptrend in FFB production on the back of the increased harvesting area together with the rehabilitation and cost management efforts to lift existing mature areas to higher yielding brackets. We will also target to complete an earnings accretive acquisition of a ‘brownfield’ estate in the year. The outlook for the ICT sector on the other hand is expected to remain steady with the delivery and execution of our current and recent awarded contracts. We will continue to aggressively bid for further sizeable contracts during the year to enhance our order book. Other sector performances namely Power, Food and Property are forecasted to be satisfactory with further one-off gains
from our Property sector arising from our asset monetisation strategy. In addition, the Group will further intensify the various operational improvement and cost optimisation initiatives that have been carried out during the year. With our well thought-out plans in place, the right operational structures and the pool of talent capable of delivering our ambitions, we look forward to KUB’s progressive future together.
I think they will buy KUB as this is a government-linked stock. I think they bought AWC today.
http://m.thesundaily.my/node/432428 During the tabling of Budget 2017, Prime Minister Datuk Seri Najib Abdul Razak announced the setting up of a special fund of up to RM3 billion to invest in potential small and medium-cap companies, besides conducting research on 300 companies.
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....
imlearning
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Posted by imlearning > 2017-04-14 17:42 | Report Abuse
buy now, they will goreng , just dont know when