Stock to watch
plantation
cepat -0.94 bought in 2000 unit
Why buy in
10,684.08ha in Sabah, of which 8,094ha are planted. Sold 2000 hectar = 8684ha. Debt Free , Cash rich.
27457acre as at 17 Jan 2008, largest shareholder = MHC
Valuation
share 212,456,915 market cap = 202,520,500 unit price = 0.94
1 hectare公顷 = 2.471 acre英亩
(share x mp)/ area owned (acre) = price bought per acre
202520500 / (8684 x 2.471) = 9437per acre
202520500 / 21458 = 9437 per acre
what to speculate? market price for matured tree per acre = RM30000 when cpo peaked
multi bagger
when is peak?
3/2008 cpo price = 4200
4/2008 cpo price = 3400
current = 2600
From the star online
"With CPO prices hovering above RM3,000 per tonne, the plantation sector still boasts high profit margins as the cost per tonne is about RM800 to RM1,000. "
cold eyes owned 1,380,000 this stocks
Last time cold eyes owned 2,400,000 this stocks.
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