Angielim, usually for large IPOs, price comes under selling pressure from the huge bumiputera portion which were taken up using bank borrowing. This selling pressure could last for six months.
Matang strategy to improve profit via replanting n more usage of fertilizers? As an agriculturist , we know that both will depress profit instead of increased profit. Added costs mean more money spent on land development and for oil palm to mature to max yield will need 9 yrs . Thus for Matang at its limited acreage will not perform well in the near future unless it ventures into big transformation like industrialisation or buying more assets or merger to increase land banks n enhanced profitability in the long run.
On behalf of the Board of Directors of Matang Berhad, we would like to announce that the estate production of fresh fruit bunches for January 2017 was 1,080.01 metric tonnes.
@ 1080 mt for 1000 hec , it means 1mt per hec . For extraporation , it is equivalent to 10-12 mt /hectare which is very far below estate production of 26mt/hectare.
sudden interest on this penny stock counter, judging from its current vol or maybe even higher for today, it may spring surprise for tomorrow big show, hahaha or maybe still too early to analyze it?
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....
TheContrarian
9,428 posts
Posted by TheContrarian > 2017-02-04 19:51 | Report Abuse
Angielim, usually for large IPOs, price comes under selling pressure from the huge bumiputera portion which were taken up using bank borrowing. This selling pressure could last for six months.