lmenwe

Ouch FGV? Iris? 75% of FGV are over 25 years old and need to be replanted. Base on the company's guide replanting require 14-15 years to complete! Oil palm trees need 7 years to fully mature. Moreover there are quite a number of counters with better tree age profile and efficiency than FGV. TSH, GENP, IJMP, SOP, Rimbunan Sawit, Jtiasa all have better tree age profile than FGV.

The boss of Iris is well known as Repco Low to Malaysia equity market! The counter is highly indebted with huge receivables and left with little cash! The reason given seems to be buying a hope rather than investing base on fundamental.

Kimlun, Gamuda, KSL, Armada are 2013 themes! Construction counters are well known for their low profit margin and high debtors daysg. To me I think cahya mata sarawak are better. It is cheaper compared to gamuda and monopolised the Sarawak market due to the influence of Pak Uban.

No doubt Iskandar is the most favourite place currently but it is a big bubble! KSL's borrowing are huge! The musical chair game may last longer than everyone can predict but it is way too speculative for me.

Boustead is a very diversified counters. It may get higher valuation after the listing of BPB but sorry I had no faith on Boustead Heavy Engineering and Pharma.

Supermax and Maybank seems to be a good pick base on past result! Bumi Armada had successfully grabbed some lucrative contracts. I believe the three are the only jewels in 10 stocks recommended.

2014-01-06 16:19