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

Thursday, August 2, 2012

Buy. Hap Seng Plantation

What's HS Plant doing at RM 3.00 while IJM Plant is hovering at RM 3.60 ..?

HSP (nta 230, QQ 9.5/ 8.3/ 6.6/ 5.4sen)
Fv = RM2.40 @ PE 10 based on last two Qeps
Currently trading approx. at RM 3.00 w/ pe 12.5
Dividend 10 sen x 2 = 20 sen for 2011
Declaring dividend in mid August

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