Crude palm oil (CPO)
Crude palm oil (CPO) prices will continue to remain firm and drive the growth of the plantation industry this year amid high crude oil prices and tight supply of cheaper energy sources. DBS Vickers is maintaining an upward bias on CPO for 2008, with an average price of RM2,700 to RM3,000.
Stock picks
In spite of the industry’s volatility, the plantation sector remains attractive to investors. Plantation giants like Sime Darby Bhd, IOI Corporation Bhd, Kuala Lumpur Kepong Bhd are among the top picks among fund managers and brokers.
He added that investors were also keen to invest in second-tier plantation stocks such as United Plantations Bhd, Tradewinds Bhd and Asiatic Development Bhd based on their cheaper valuations.
Oil and gas players
In 2008, more upside is seen for the local oil and gas players on the back of strong oil prices, premium rates on chartered vessels for upstream activities, upcoming infrastructure projects and deep-sea exploration activities. On average, they said oil prices would remain high next year at between US$75 per barrel and US$88 per barrel (RM251.25 and RM294.80), on the back of tight supply and high demand for fuel that would further boost both upstream and downstream activities worldwide.
Stock picks
Favoured stocks included KNM Group Bhd, Wah Seong Corporation Bhd, Alam Maritim Resources Bhd, Muhibbah Engineering (M) Bhd, Eastern Pacific Industrial Corporation Bhd (EPIC), Petra Perdana Bhd, Tanjong Offshore Bhd, Dialog Group Bhd and Kencana Petroleum Bhd.
Among its top picks, the research house favoured KNM for its compounded annual growth rate (CAGR) of 57% for FY07 to FY09F, high return on equity (ROE) of 35% and commendable contract replenishment with high order book of RM2.5 billion. It has a buy call on KNM with a target price of RM8.30.
Steel price
Steel price will keep increasing and the price will increase about 20.35%to 20.91%. Due to the high demand of steel, especially china, in year 2008 , government will increase again the steel price.
Stock picks
Masteel and Ornastel
Tuesday, January 1, 2008
Monday, November 19, 2007
GO GO GO mahsing .. target price RM2.00
A CONSORTIUM of Middle East and Malaysian blue-chip institutional and individual investors is eyeing a strategic stake in established property developer Mah Sing Group Bhd, sources said yesterday.The local, Abu Dhabi and Kuwait investors are the ones who have been steadily purchasing real estate in Malaysia and investing in the property boom in the country in recent months."They are eyeing a strategic stake in Mah Sing to complete part of the Middle East-Southeast Asia property value chain," one source told Business Times."
Partnering with the current major shareholders and management of Mah Sing will likely be the vehicle of choice for the investors' Southeast Asian expansion plans."This is especially due to its strong cash balances, low gearing, solid management and good track record. Mah Sing, with its financial muscle and niche offerings, is of strong appeal to the consortium of investors," the source added.
Low PE too.. A good fundamental counter...
Buy in 5 lots of mahsing RM 1.84
Considering these two..
Ramunia
KUALA LUMPUR: Ramunia Holdings Bhd saw a block of 22 million irredeemable convertible unsecured loan stocks (ICULS) changing hands last Thursday, which may have been taken up by a Singapore government-linked company (GLC).
The source said Ramunia was expected to complete its yard upgrading by the first quarter of next year, paving the way for the company to undertake heavier and more complex structures.
The source said Ramunia was bidding for one local and an international project in India worth some US$400 million with an expected tentative award to be known as early as next week for both.
Price: RM 1.15
SapuraCrest Petroleum
KUALA LUMPUR: SapuraCrest Petroleum Bhd has secured a US$148 million (RM505 million) regional contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) for works within the Malaysia Thailand Joint Development Area (MTJDA).
In a statement yesterday, SapuraCrest said the award to its subsidiary TL Offshore Sdn Bhd entailed the transporting and installing of platforms for the JDA Block B-17 field development plan project. The contract is targeted to begin at the end of the third quarter of 2008 with completion expected about a year later.
“We are developing a partnership with them (CPOC) as our drilling unit is already providing services on a long-term contract and this major win extends the scope of work we are offering to include the installation of their offshore facilities,” said its executive vice chairman Datuk Shahril Shamsuddin
He said the company had been investing heavily in the development of capabilities, particularly in the areas of human capital, new assets and vessels over the past 36 months. These included investments of over RM2 billion on new assets and vessels including the RM850 million deepwater Sapura 3000 Heavy Lift and Derrick Lay vessel.
Price: RM 1.62
KUALA LUMPUR: Ramunia Holdings Bhd saw a block of 22 million irredeemable convertible unsecured loan stocks (ICULS) changing hands last Thursday, which may have been taken up by a Singapore government-linked company (GLC).
The source said Ramunia was expected to complete its yard upgrading by the first quarter of next year, paving the way for the company to undertake heavier and more complex structures.
The source said Ramunia was bidding for one local and an international project in India worth some US$400 million with an expected tentative award to be known as early as next week for both.
Price: RM 1.15
SapuraCrest Petroleum
KUALA LUMPUR: SapuraCrest Petroleum Bhd has secured a US$148 million (RM505 million) regional contract from Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) for works within the Malaysia Thailand Joint Development Area (MTJDA).
In a statement yesterday, SapuraCrest said the award to its subsidiary TL Offshore Sdn Bhd entailed the transporting and installing of platforms for the JDA Block B-17 field development plan project. The contract is targeted to begin at the end of the third quarter of 2008 with completion expected about a year later.
“We are developing a partnership with them (CPOC) as our drilling unit is already providing services on a long-term contract and this major win extends the scope of work we are offering to include the installation of their offshore facilities,” said its executive vice chairman Datuk Shahril Shamsuddin
He said the company had been investing heavily in the development of capabilities, particularly in the areas of human capital, new assets and vessels over the past 36 months. These included investments of over RM2 billion on new assets and vessels including the RM850 million deepwater Sapura 3000 Heavy Lift and Derrick Lay vessel.
Price: RM 1.62
Thursday, November 1, 2007
oilcorp~~
I sold my oilcorp at 1.34 already for two ..profit taking RM 170.. and recently buy mahsing at 1.84...
Thursday, October 11, 2007
My first plan is going smooth..(my workplace pictures)
checking the stocks in our factory
Oh no..i work at office 1..this is extra work...
container coming lo... can truck out ?
faster pack the stuff and up container..
Tuesday, October 9, 2007
my favourite plantation
Oil palm trees. Easy to manage and have good return in profits
The seed is so beautiful and i love it . One hectar"yin mou" can get one tonne and one toone can actually earn RM 500++ .Wow..Imagine you got 10 or 20 "yin mou" of oil palm plantation.
Saturday, September 22, 2007
oilcorp buy at 1.24 for 2 lots
Recently just buy the oilcorp at 1.24 for two lots. Hope the US cut it fed interest rates will help our KLSE market and blow our shares market up..The reason why i choose oilcorp among the other oil and gas counter is because this counter offer the lowest price if we look at the historical graph..others like kencana..sapcrest...all quite high already..Oil price at US market keep increasing and this show demand of oil in market quite high. So i think oil and gas counter will be benefical from that. Start from today i will consider some property counter and i knw lots of investor value the property counters nowaday after budget malaysia 2008. Ok write until here. Will post up my workplace pictures next week hopefully..
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