Matang is a very small plantation co, around 1000hectares . Not economy of size , at this scale , the estate needs a mandor only not manager ; the operating costs is considered huge given its size n so the net profit is very small though palm oil has surged more than rm 3000 per ton. U can hardly make a solid 1c per share here, so much u expect the share to perform? If it can maintain par is considered a consolation unless more merger n more purchased of existing estates to add into its fold.
Its a humble beginning for matang, give it a chance to grow first as its just came out from oven early this year. FA wise, still accumulating though slow but steady. Revenue still intact at more than rm4.7mil with current fibo at 50% support range, so kind of balance. Not so convincing rumours been circulating around dat its not performing as it nears GE14, so maybe its best to decide with this popular saying among us investors and traders alike that says, "buy on rumours and sell on news." Cheers guys :)
In September 1983, MHB acquired our plantation land with a total net land area of 1,096.3 hectares within the District of Ledang and District of Segamat (“Matang Estate”) for a total purchase consideration of RM19.64 million. Subsequent to the completion of acquisition of Matang Estate, we ventured into the plantation sector with the cultivation of rubber (on 72.6% of the land area) and oil palm (on the remaining 27.4% of land area) in Matang Estate in 1983.
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....
Tympangoh
167 posts
Posted by Tympangoh > 2017-03-16 16:30 | Report Abuse
buying and selling looks active today.