RIMBUNAN SAWIT BHD
KLSE (MYR): RSAWIT (5113)
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Last Price
0.24
Today's Change
-0.015 (5.88%)
Day's Change
0.235 - 0.255
Trading Volume
3,954,700
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
0.24
Avg Target Price
0.60
Upside/Downside
+0.36 (150.00%)Price Call
0
SELL
0
HOLD
0
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
18 people like this. Showing 50 of 2,907 comments
Yesterday Mabel sapu more at 26 and 26.5 sen...
This year Mabel has invested in 11 sectors involving 13 Princes (YTL Power was relieved from duty when MACC started courting them due to past Bestari Project). From the 11 sector, Construction, Property and Financial Services are sitting on the Podium with Foreign Fund exiting our market. The real dark horse will be plantation. Once it break the Plantation Resistance at 7566, it will be a Bull Run like what happen in 2021, Crude Palm Oil (CPO) prices in Malaysia hit above RM 5,000 per metric tonne.
There is still a hidden treasure in small cap which lagging the large Cap in KLCI. YTD is only up by 4.2% compare to KLCI Large Cap of 10.7%.
Based on this analysis, Mabel will expand her plantation to include small cap plantation, Rimbunan Sawit Berhad (RSAWIT). Rimbunan Sawit Berhad (RSAWIT) owns approximately 69,909 hectares of plantation land in Miri, Kuching, and Sibu, Sarawak. She will join the Big Cap sisters Simone, Klara, Iona and Una.
If Simone, Klara, Iona and Una is for Sime Darby Plantation, KLK Plantation, IOI Plantation and United Plantation, Raya will be purrfect name for Rsawit as it has a nice ring to it and reflects the Malaysian heritage. Plus, it symbolizes celebration and prosperity, which aligns well with the goals of a plantation company.
To Our Success !
Meow Meow Meow
2 weeks ago
The FCPO has now breached previous resistance at MYR4,900, suggesting a potential continuation of its bullish trend. It has also breaches the Plantation Resistance at 7566, trading at 7600 points. However, with the RSI exceeding 80 for the first time this year, we anticipate a period of profit-taking ahead. This pullback may find support around the 38.2% Fibonacci Retracement level, near MYR4,525, before resuming an upward trajectory to break RM 5,000 level.
Yum Yum Yum
2 weeks ago
Most KLCI components is RED, having period except for Plantation as the FCPO has rebounded, but this bullish outlook will need to be validated by another green candle. For now, any pullback is expected to hold above the 23.6% Fibonacci Retracement level. The tussle between the bulls and the bears will intensify until a clearer direction is formed.
In essence, the market is currently in a positive trend, but this needs further confirmation. The 23.6% Fibonacci level is a critical point to watch, and the ongoing struggle between buyers and sellers will determine the market's future direction
The 23.6% Fibonacci level is a key retracement level used in technical analysis to identify potential support and resistance levels in a market trend. It is derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones. The 23.6% level is calculated by taking 23.6% of the distance between a significant high and low point in a price movement.
For example, if the price of an asset rises from RM 3745 to RM 4992, the 23.6% retracement level would be calculated as follows:
Calculate the Difference: RM 4992 - RM 3745 = RM 1247.
Apply the 23.6% Retracement: RM 1247 * 0.236 = RM 294.29.
Determine the Retracement Level: RM 4992 - RM 294.29 = RM 4697.71.
So, the 23.6% Fibonacci retracement level for FCPO with a high of RM 4992 and a low of RM 3745 is approximately RM 4697.71. This level is used by traders to identify potential areas where the price might find support during a pullback in an uptrend or resistance during a bounce in a downtrend.
Only RM 8 to breach RM 5000. With RM depreciating against USD, looks like the weather is on our side….
Meow Meow Meow
2 weeks ago
Indeed shawn...the FPCO has already breached RM 5000. With RM depreciating against USD, looks like the weather is on our side. The FCPO swung past the MYR5,000 level for the first time in 2024, extending its bullish momentum from the Sep 2024 low.
Meow Meow Meow
1 week ago
Crude Palm Oil Futures
Continuous contract
FCPO1!Bursa Malaysia
Market closed
5,101MYR / TNED✅
+149
+3.01%
1 week ago
RSAWIT HAS DISPOSED TWO PALM OIL ESTATES
IT WILL RECEIVE RM165 MILLIONS TO FURTHER PARE DOWN BORROWINGS PLUS REGISTER A NICE PROFIT OF RM77 MILLIONS FROM ASSET SOLD
AND THAT WILL BE A PROFIT OF 3.77 SEN
1 week ago
Trump imposes 100% tariffs on BRICS countries so China 🇨🇳, Russia will buy more oil palm from Malaysia 🇲🇾✅⬆️💰💥
1 week ago
PMX, Prabowo visited China recently to deal directly business deals and one of the major segments is oil palm 🌴🌴🌴💰💥✅
1 week ago
Rsawit just sold and collected Rm165 Millions cash for just 2 pieces of lands in July
Out of this sale is a profit of Rm77 Millions or 3.77 sen
Plus Rsawit FFB harvest has improved greatly from below 20,000 Tonnes to almost 30,000 tonnes in August 2024
So we will see great improvements in operating profits since Cpo now over Rm5,000 a Ton✅💰💥
1 week ago
The Implication, Amplification, Ramification & And Identifying Opportunities in Applications to Trump New 4 Year Term (2025 to 2029) as USA President, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-11-story-h473777372-The_Implication_Amplification_Ramification_And_Identifying_Opportunities
1 week ago
STARTLING SURPRISE!! LEASEHOLD AGRICULTURAL LANDS (PALM OIL) NOW SELL AT RM1 MILLIONS PER ACRE (ONLY IN MALAYSIA?), By Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-12-story-h473828158-STARTLING_SURPRISE_LEASEHOLD_AGRICULTURAL_LANDS_PALM_OIL_NOW_SELL_AT_RM1
1 minute ago
calvintaneng
SCIB paid Rm1 Millions per acre for Bintulu Lands (10km from Bintulu)
Should have gone to see Thplant instead
Their cost only Rm5.8K an acre
Just give Rm50,000 per acre they will be happy to sell
No need Rm1 Millions
1 week ago
RSAWIT GOT GOOD LANDS IN KUCHING, SIBU & MIRI
BOOK VALUE AS LOW AS RM3.5K PER ACRE
HOLD RSAWIT AS LONG AS POSSIBLE
1 week ago
Future FCPO has now formed a small-bodied candle at RM 5,084 following an extended bullish run, which we believe could signal the start of a new base-building phase. We expect the consolidation to be supported at the 38.2% Fibonacci Retracement level. A break below this level, however, would indicate the potential for an early bearish reversal.
Keep pushing gals…
1 week ago
Last time when Jtiasa was 63 sen
It was
Jaya = Jumping
Tiasa = Tiger
Jump it did 🐅🐯
Now Rm1.17
So now is
Rimbunan = Running
Sawit = Stallon
At 25.5 sen
Will it jump past 50 sen
🐴🐎 🔥 🔥 🔥
3 days ago
Palm Oil Export Levy Sufficient to Fund B40 Biodiesel Mandate
Focus |19 November 2024 , 05:28 WIB |Read : 32 |by : Administrator
This article has been published on InfoSAWIT English with the title © Palm Oil News - Palm Oil Export Levy Sufficient to Fund B40 Biodiesel Mandate
Click to read: https://en.infosawit.com/news/14822/palm-oil-export-levy-sufficient-to-fund-b40-biodiesel-mandate--
structural long term support for CPO Prices
2 days ago
You are behind time.
It was badly managed last time
Now it has shown a turnaround
Wait see results soon all will know
22 hours ago
HS PLANT (5138) EXCELLENT RESULTS CONFIRM BUYING PALM OIL UPSTREAM SHARES IS THE BEST WHEN CPO PRICES ARE HIGH, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-21-story-h474695872-HS_PLANT_5138_EXCELLENT_RESULTS_CONFIRM_BUYING_PALM_OIL_UPSTREAM_SHARES_
19 hours ago
Very good news
If Felda small time farmers can do so well
Big time Rsawit with over 150,000 acres (twice the size of Penang Island at 72,900 acres) should excel more
https://www.nst.com.my/news/nation/2024/11/1136956/felda-settlers-earn-rm20000-monthly-oil-palm-prices-surge
14 hours ago
3 major reasons for investing in Rsawit
1. Rsawit is a turn around stock
As shown by
Change of leadership.
Now they rammed up Ffb production. Ffb production was below 20,000 MT qtrly last year. This year qtrly Ffb production has gone as high as 29,700 Metric tonnes
Director buying Rsawit shares as high as 27 sen show confidence
2. Large lands over 150,000 acres book value as low as Rm3,500 per acre. With Sarawak moving up to industrialization these lands are now in high demand
3. Good results ahead
Twin factors.
i) high ffb price
ii) Sale of 2 estates to pare down debt will show up as Rm165 millions cash
Of which Rm77 millions or 3.77 sen as profit
Clear and visible change ahead
12 hours ago
Thank for the good info Calvin..
Do you why it drops so much today..more than 7%..
Meow
8 hours ago
With land bank over 150,000 acres produce only 29,700 MT per quarter is really joking..
7 hours ago
Do you see what we 👁️ 👁️
MHC plant over Rm1.00 and Ffb only 16,800 tonnes a month ?
at least Rsawit has vast room to improve while MHC plant is stuck with small plots
Now Rsawit saw its Ffb gone up from 16,000 tonnes to 29,700 tonnes does not stop there
it will move up to 100,000 tonnes like Jtiasa or others one day
so Rsawit potential is immense
from palm oil growth
from its valuable land banks
7 hours ago
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