Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, January 3, 2011

IOI. Sime. Plantations Rule Again. NPC

IOI and Sime Darby share prices surge, pulling the KLCI up...
Didn't I say it's about time that IOI should surge cos' it was trading at PE 17 cf. to KLK PE 22.
Anyway congrats to those who bought in...

There's a small plantation NPC Reso. w/ 7,335 ha mature palms in Sabah yielding 149, 574 mt ffb ending 2009. That's 20.4 mt of ffb/ ha, pretty productive.
Issued shares 120 m ( nta 212, Q/Q 8/ 8.4/ 5.6/ 4.4 ) Fv = RM2.50
Trading at RM2.45 w/ PE 9.3

TDM did indeed surge past IJMP in pursuit of HS Plant...

Those who are not comfortable buying into Cepat Wawa Plant can choose to buy into a Plantation Company who bought a 32 % stake in Cepat... Guess the name..?

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