CB INDUSTRIAL PRODUCT HOLDING

KLSE (MYR): CBIP (7076)

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Last Price

1.35

Today's Change

+0.05 (3.85%)

Day's Change

1.28 - 1.36

Trading Volume

74,700


6 people like this.

2,164 comment(s). Last comment by Tanleechoo 4 weeks ago

regnig

259 posts

Posted by regnig > 2014-06-11 20:46 | Report Abuse

Too bad, no wonder today drop alot

Kevin Tan

39 posts

Posted by Kevin Tan > 2014-06-12 09:46 | Report Abuse

if it is due to the appointment, then this is a good news for entry price, buy on temporary bad news that cause the price drop below intrinsic value, question is, do you think with his appointment will affect the whole business for long term?

Lance

65 posts

Posted by Lance > 2014-06-13 09:41 | Report Abuse

Of cos it will affect the whole business in long term, the scammer gonna be in the throne someday running the business? lol

But is ok, old man will not let the price drop because of this, he will push it back up. ~Up up up.
Notice the push from 4.33 to 4.35 then 4.38 yesterday?? I wonder....

Anyway just kidding, am sure he regret doing what he did when he was young.
His rich old man should be even more regret having a son that scam.
But on the bright side, he was released without conviction on a 12-month good behaviour bond.

Kevin Tan

39 posts

Posted by Kevin Tan > 2014-06-13 11:20 | Report Abuse

i wonder mark zuckerberg(facebook) did something like that..hahaha

Posted by leslieroycarter > 2014-06-13 11:26 | Report Abuse

at 4.37+++ , all the goodies had been factored in, no more meat here already ! dividend payment also dropped drastically so the appeal for this counter already no more in the radar..

Alex Chong

712 posts

Posted by Alex Chong > 2014-06-16 16:05 | Report Abuse

0.05 dividend ex 26/5/14

Kevin Tan

39 posts

Posted by Kevin Tan > 2014-06-26 15:53 | Report Abuse

this stock really need to wait after wc to push up

Posted by buildvalue > 2014-07-02 23:24 | Report Abuse

Already move today! Will continue tomorrow......

Kevin Tan

39 posts

Posted by Kevin Tan > 2014-07-03 13:48 | Report Abuse

yup. it needs to break 4.50 before it goes further

Firebird2

1,730 posts

Posted by Firebird2 > 2014-07-03 14:05 | Report Abuse

The world is its market now. No more local or regional.

Posted by cloudstrife > 2014-07-21 16:42 | Report Abuse

something big is coming.. watch out..

raytheclay

128 posts

Posted by raytheclay > 2014-07-21 23:11 | Report Abuse

Hopefully....believe the price surge was just shareholders reinvesting the dividends they received today.

Firebird2

1,730 posts

Posted by Firebird2 > 2014-07-21 23:15 | Report Abuse

Its got to be some upcoming good news, else it cant surge 5% all of a sudden, I think.

raytheclay

128 posts

Posted by raytheclay > 2014-07-21 23:39 | Report Abuse

Hopefully Firebird2. Tomorrow's price and volume movement will provide us a clearer indication.

Firebird2

1,730 posts

Posted by Firebird2 > 2014-07-21 23:42 | Report Abuse

Yup ray, people in the know will buy more tomorrow and that will be a confirmation that something is up. Perhaps OnG, another big mill contract, major acquisition of plantation land, etc etc...

johnny cash

6,400 posts

Posted by johnny cash > 2014-07-22 09:44 | Report Abuse

CB Industrial Product
(CBP MK)
Technical BUY with +13.0% potential return
Last price : RM4.61
Target Price : RM4.80, RM5.23
Support : RM4.33
Stop-loss: RM4.28
BUY with a target price of RM5.23 with stoploss
at below RM4.28. CBP’s share price has
consolidated in the past 3 months after
entering correction mode from the recent high
of RM4.80. The share price established
support at RM4.33 before recovering gradually
and rising above the short-term downtrend line
yesterday. The positive closing above the
“cloud” on the back of a higher trading volume
of 0.85m shares (vs 20-day average of 0.2m)
signifies the creation of a new up-leg. Given
the bullish crossover recorded in both MACD
and Stochastic, we expect to see a stronger
momentum lift the share price higher and
restart its long-term uptrend. Moving forward,
we peg our next target at the 1.38x Fibonacci
extension level of RM5.23.
Expected Timeframe: 2 weeks to 2 months

FatBigBen

358 posts

Posted by FatBigBen > 2014-07-22 12:56 | Report Abuse

Buy now 4.66?

LOOK009

1,079 posts

Posted by LOOK009 > 2014-07-22 15:08 | Report Abuse

usually fall after the announcement
http://klse.i3investor.com/servlets/ptres/24183.jsp

raytheclay

128 posts

Posted by raytheclay > 2014-07-23 22:25 | Report Abuse

Will be interesting to see if it breaks the RM4.80 (all time high) level tomorrow.

kingsu

77 posts

Posted by kingsu > 2014-07-30 08:44 | Report Abuse

very good fa counter and good to hold..

Posted by goldenrain > 2014-07-31 15:33 | Report Abuse

Breaking 4.80!! It's a buy call. Quickly hop into the boat before it's too late.

Alex Chong

712 posts

Posted by Alex Chong > 2014-07-31 17:00 | Report Abuse

Based on the chart pattern, we expect CBIP to move towards our measurement objective of RM5.65. Traders who are looking to buy into the stock should target RM5.62 (3 bids below the RM5.65 TP), while employing a strict stop-loss at RM4.39 (representing 3 bids below the RM4.42 support level).

cytew

1,601 posts

Posted by cytew > 2014-08-02 09:19 | Report Abuse

Over heard, proposal of bonus shares and warrants is underway, to be announced within 2 weeks !!!!!!

raytheclay

128 posts

Posted by raytheclay > 2014-08-02 18:19 | Report Abuse

Interesting development. Bonus issue I can understand considering their strong retained earnings. Warrants ? That will usually be accompanied by right issues. Don't think this company requires to raise cash at this moment.

ykgykg

341 posts

Posted by ykgykg > 2014-08-02 18:28 | Report Abuse

Strong fundamental and bright prospect helm by strong management team. Bonus and free warrants can duly be given to reward the loyal shareholders. Strong cash reserve.

cytew

1,601 posts

Posted by cytew > 2014-08-02 18:29 | Report Abuse

i told the board that 5 years later the company need cash due to large amount of capex required for oil palm planting in indonesia over next 10 years.so bonus warrant is neccessary.

raytheclay

128 posts

Posted by raytheclay > 2014-08-02 19:57 | Report Abuse

Interesting, thanks for the info. That will only mean share price will be moving up. Let's hope it will break the RM4-80 resistance level in the coming week.

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-07 08:57 | Report Abuse

Has anyone keep a record of how many of the "too many" contracts they have received?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1703761
Wow, family members (son) also acquiring now.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1678293
Does anyone have any idea what kind of corporate proposals are forthcoming?
Thx

Posted by risk averse > 2014-08-07 09:46 | Report Abuse

YTD has secured 130mil worth of contract..more to come...outstanding order book now estimated at around 500mill...highest ever

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-07 09:50 | Report Abuse

Wow, 500mil order book now and rising ..... this year's EPS should be rising too

Posted by risk averse > 2014-08-07 10:01 | Report Abuse

Earning growth for this year is almost certain..and with their aggresive planting in indonesia..we can expect the company to grow 3-5times its current size in 3-5 years..

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-07 10:12 | Report Abuse

Totally in line with your views, the landbank is hugh, comparatively with the likes of big Malaysian planters, the market cap will eventually follow.

chinesetea

1,390 posts

Posted by chinesetea > 2014-08-08 05:53 | Report Abuse

Wow, rise 1.7 since last December and double since bought. Next December rm6. In few years this will be rm15 when Palm trees profit is kicking in.!! Keep tight tight and keep collecting and wait for bonus or dividend.

johnny cash

6,400 posts

Posted by johnny cash > 2014-08-09 20:58 | Report Abuse

https://www.facebook.com/228799620464655/photos/a.228820880462529.68340.228799620464655/833039626707315/?type=1&theater

Will CBIP (7076) rebound from MA20 support level ?

login to facebook

ykgykg

341 posts

Posted by ykgykg > 2014-08-11 19:51 | Report Abuse

Bonus One for One plus Free Warrants One for three , capitalised from retained earning. Great potential to improve liquidity and leap forward RM5 before bonus go ex. Reward the true investor.

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-11 19:53 | Report Abuse

raytheclay, thx for asking me to be patient.
risk averse, yes,, more to comed.
cytew, your info very cun, thx

raytheclay

128 posts

Posted by raytheclay > 2014-08-11 20:09 | Report Abuse

No worries Firebird2. Broke RM4-80 today. Will be interesting to see if it can hold tomorrow, then RM5-20 should be the next resistance level. Anticipating some positve news with the quarterly financial results which should be out within this or next week.

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-11 20:13 | Report Abuse

raytheclay, bonus 1:1 is a very powerful reward plus the free 1:3 warrants. Hopefully more people realize that the management always takes care of small shareholders like us, and the fantastic potential of the company.

raytheclay

128 posts

Posted by raytheclay > 2014-08-11 20:33 | Report Abuse

If the bonus 1:1 plus free warrants market rumour is true, then I should continue buying tomorrow :-)

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-11 20:43 | Report Abuse

raytheclay, maybe you didn't check yet bursa Malaysia. CBIP has already submitted this proposal today.
B1:1, FOC W1:3

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1707345

raytheclay

128 posts

Posted by raytheclay > 2014-08-11 20:44 | Report Abuse

Wow. Thanks Firebird2. Have yet to check Bursa today. So much for buying more tomorrow.

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-11 20:47 | Report Abuse

You are welcome. Good management will take care of shareholders and the business well.

Posted by risk averse > 2014-08-11 21:53 | Report Abuse

Yes firebirds..this is outstanding management that is very shareholder oriented..lets hold tight and watch the co grow overtime

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-11 22:19 | Report Abuse

risk averse, yes outstanding management is the better word to use. lets follow our leader LCB, and let him take us to a higher level, starting tomorrow, > Rm5.00

tonylim

4,796 posts

Posted by tonylim > 2014-08-11 23:23 | Report Abuse

Fb good to see you here

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-12 08:39 | Report Abuse

hi tony, don't see you around much these days.
good that you are in here too

Posted by risk averse > 2014-08-12 09:04 | Report Abuse

Nice open ..like firebirds mention >RM5

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-12 09:12 | Report Abuse

risk averse, its relevant to say "more to come" thx

Posted by risk averse > 2014-08-12 11:38 | Report Abuse

Yes..haha..more to come.. there are right characteristic of grow in this co, strong market dominant in thier insutry, strong profit margin, strong balance sheet,lead by outstanding group of ppl..good dividend,now bonus issue with free warrant..

Firebird2

1,730 posts

Posted by Firebird2 > 2014-08-12 13:52 | Report Abuse

haha yes,, your words ring loud and clear in my ears all the time, more to come...after this bonus issue and warrants (LCB wants us to enjoy these without asking us for extra money LOL, good dividends, what more do we want? ), its still more to come.

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