Definitely, check the price target and news. Also it is close to ex date of dividend payment. This is one of the top 10 stock with high dividend payment. This is also one of the best undervalued stock with good fundamentals and it will shine in few years time when the Palm tree are mature. It will turn into a rapid growth stock like oil and gas. I have many counters and only this can give me peace of mind (though a bit boring) whenever there is bad news or major correction. Thanks
If you play contra, better join 932 Kaki, my time zone difference don't allow me to play contra and also want a good night sleep. Still making good money if you pick good stock and less involved and have more life. Again personal taste.
without looking at analysts report, i value CBIP at 3.77 currently. but i think price will stay sideways for now until CPO prices improves further! long term prospects are excellent as palm oil business is ever growing!
it took about 1+ year for price to jump about 80+ sens for me. if you looking at downside, i think 2.90 is ok, but hard to see it come unless a huge bearish trend suddenly appears!
Their palm oil equipment manufacturing and commissioning business is doing well, besides the special purpose vehicle retrofitting business. In the near future, plantations will become big business for them as they are planting up now. I have invested in this counter long term as the company is well managed and shareholders are rewarded well. If there are any sharp pullback in share price, I will add more
i believe that modipalm technology will expire in two years. they are modifying the technology currently to continue to get tax breaks. have to watch out for that
Thanks for that information. I believe they will be able to do that, an enhancement to that technology and tax break continuation. Checked the 5 year share price movement. 5 years ago was at Rm1.70, now 5 years later its at Rm3.20 after a 1:1 bonus in 2012, plus all the generous dividends, its a company to watch out for now and future and keep long term
Bought through AVP (51% subsidiary)... this company & it's directors are politically connected...that's why can get the lucrative fire fighting vehicle conversion project.
CBIP will have an exciting future, existing business, plantations coming up strong, new business. Lim Chai Beng is young energetic and intelligient, he came a long way, look back. He will lead us to greater heights.
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....
mcqueen
68 posts
Posted by mcqueen > 2013-12-12 15:11 | Report Abuse
To day all market so slow ,no power...