IJMLand Review - Jan 2011

Popular Bollinger Band Strategies for Forex 

Considering that most prices will fluctuate within Bollinger bands, many Forex traders buy when prices are near the lower range band and reverse their position when prices subsequently move to the moving average or higher.   

Bollinger bands can effectively be used especially in conjunction with other indicators to determine trend reversals, as well as entry and exit points. 

One indicator that becomes extremely beneficial for trading foreign exchange with the use of Bollinger bands is the Relative Strength Indicator or RSI.   

Using Bollinger bands with RSI confirmation, one would short the currency if penetration of the upper Bollinger band occurs, while the Relative Strength Indicator is simultaneously showing weakness. 

Under this circumstance, an investor would anticipate the price to fall and would exit upon reaching the lower Bollinger band or before.   

One would do the opposite, if the currency price went through the lower band, and yet the Relative Strength Indicator showed strength. 

At this point, an investor would undertake a long position in the currency in anticipation of a minimum movement of back up to the moving average level. 

There is no absolute certainty in foreign exchange trading, but with the prudent use of tools such as Bollinger bands and the Relative Strength Indicator, any individual can greatly improve performance. 

SPSetia Sell Down Predicted

Re: Were you DARE to touch stocks AGAIN that once hurt you deeply, badly? « Reply #20 on: January 12, 2011, 11:57:33 PM »

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Jolly already paid his tuition fees to IJMLand.  

Now donno what to do with the rest of the credit facilities offered by remisiers.  My remisiers hope I will buy with remaining of their credits.

I wish to do something good for Malaysia.  So I finance construction firms to build a better country for everyone to live in.  Hap Seng & IJMland already crashed.  Which one is next?  SPSetia?

IJM Plantation Fair Value

Re: Ijmplnt-wA FLY THIS TUESDAY « Reply #22 on: Yesterday at 08:06:19 PM »

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Quote from: Tissot on Yesterday at 06:54:11 PM

IJM Plantations Bhd (IJMP) is one of the favourites among analysts and, what's more, they think the stock could climb higher. Seven out of 10 research houses have a "buy" call on IJMP and on average, they reckon the price can rise further to RM3.57.

IJMP shares rose 20.2 per cent to close at RM2.98 for the whole of 2010. This is better than the broader market's 19.3 per cent gain in the same period. IJMP's stock price has been rising over the last six months, in tandem with palm oil futures prices on the Malaysian Derivatives Exchange.

ECM Libra, the most optimistic research outfit, estimates that the price can climb as high as RM3.99. Analyst Bernard Ching said IJMP's current share price is trading at only 17.6 times of the current year's forecast earnings.

In his note to investors, Ching said IJMP has bucked the industry trend because it reported 26.5 per cent improvement in fresh fruit bunch production in the second quarter results ended September 2010, from a year ago. This is why he sees current strong palm oil prices fuelling good earnings in the next quarter or so.


IJMP managing director and chief executive officer Joseph Tek, in an interview with Business Times in Sandakan, confirmed that more than 60 per cent of the group's planted area is at prime fruit-bearing age.

He is confident of harvesting more than 600,000 tonnes of fresh fruit bunches by March 2011.

Currently, IJMP's tree profile is such that it is able to reap 5.5 tonnes of oil per hectare in a year. "We expect the oil extraction rate to stay at 21 per cent," he said.

Over its 25-year history, IJMP has planted more than half of its 80,000ha plantation landbank in Malaysia and Indonesia.

It is interesting to note that while IJMP is just a mid-sized player, it invests substantially in oil palm seed gardens. To date, the gardens are able to produce more than two million germinated seeds a year. "We're willing to invest in the long term because we want to be self sufficient and control the quality of our planting materials," said Tek, who is trained in botany and tree breeding.

He also takes a keen interest in ensuring ecological balance at the estates. From the early days of development, Tek was able to convince shareholders of the need to retain some 800 acres as natural forest. To date, there is also a herb garden, fruit orchards and vegetable plots for community sustenance.

The group's research and development department carries out pest census regularly. Pests like bagworms and nettle caterpillars are capable of "eating up" large areas of oil palms, if they are not detected or treated early.

As a precautionary measure, a variety of creepers are planted to provide predatory bugs shelter and nectar as a biological control over pests. When there is an imbalance between pest and predator population, pesticides are used judiciously. "Basically, integrated pest management is about maintaining the right balance," Tek said.

Asked if there are plans for mergers and acquisitions, Tek said his immediate concern is to raise yield and efficiency at existing oil palm estates. But then again, he said the group is open to opportune offers. "Indonesia is a good place to expand if the price is right," he said.

I am a ECM libra & CIMB full time client.  Everyday I open my online trading sites, I never bother reading their analysis reports.  Main reason is, the reports are mostly a news report other than a technical one.    I prefer reading those analysis published by RHB , Hong Leong and AmBank research houses.

Second thing is, IJMP is a Sandakan based plantation land.  From the prolonged drought in mid 2010, many Sandakan plantation experienced a fall in FFB output by half.  However from the data I see, that did not happen to Hap Seng P based in Jeroco, Lahad Datu Segama lower region.   The main reason why Hap Seng  P stock price is more stable than IJMP.

I expect the IJMP FV should be around RM3.30.  Until Hap Seng P stock price reach Rm3.70,  I would increase IJMP FV to Rm3.50.

IJMLand's Gold Mine - Year 2011

Re: CREDIR SUISSE TOP PICK..IJMLAND & UEML « Reply #3 on: Today at 12:44:40 AM »

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Dear einvest88, the dilemma of Malaysian construction firm is, Malaysian stock market only rallied for less than one year now, the O&G and steel commodities already begin to rally this 2011.  This implies that, those second & third liner construction stock with low PE, are a bit too late to receive money from the share market now in order to develop their real estate properties, unless those waiting for goverment ETP funding like Karambunai.

IJMLand is a very lucky star, because it receives high PE like more than 25 for few years already.  Which means that, their projects already kicked off even before food inflation began last year and commodities rally begins this year.   To many investors, 2011 marks the year of commodities rally.  The accumulation IJMLand's real estate stock over the years would turn into a big gold mine now.

To me, a construction stock which receives a high PE is a very good & healthy sign.  I suggest to investors that, they should continue to support IJMLand. 

Steel price up - Jan 2011

Re: MASTEEL --- BUY CALL!!!! at 1.15!!! « Reply #57 on: Today at 04:34:01 PM »

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Quote from: stevelee on Today at 03:47:34 PM

ya, agree -- like ijmland... move very fast and also kena trap fast.....

I just want to share something with you.  Last night I watched CNN news reporting on Australia condition.  The bad weather that causes Queensland flood since Dec 2010, also disrupts Australian top 4 outputs, i.e. Coal, Wheat, Steel, Sugar.  Coal is also needed to produce Steel in many countries, like China.  So with this news, sure it drives the steel price up. 

However if you follow the past history of Steel makers, BHP Billiton and Rio Tinto, you will realise that it is an international affair between China & Australia.  China is the biggest steel consumer.  Since China interrupts the Steel price which is controlled by Australia companies, the price of steel dropped from a high of 3,400 RM/tonne, to 2,500 RM/tonne.  Later mid 2010, Australian gov imposed 30% mining tax on the companies, which send the steel price further down.  It hit the bottom in Oct, I read the newspaper saying the High tensile steel bar costs somewhere around RM1600 per tonne.

If you plan to buy Steel maker company, remember the ceiling price of steel product is controlled by the government called the Goverment Controlled Price (GCP). This is to protect many government linked projects.  Many local steel makers prefer to export their products to oversea to fetch a higher price.  Master Builders Association Malaysia MBAM is calling a ban to export building materials such as steel bar and cement to oversea.  I am only afraid that, the profit margin is squeezed thinner & thinner just like the gloves companies.  Whereas the construction company which has a handful of properties to sell, their stock turns into gold.    

Attack IJMLand 4 Jan - 3 Pocket Theory

Based on my 3 pocket analysis,
On Monday, IJMPLNT peaked at RM3.15, warrant peaked at RM1.35.
Tuesday, IJM peaked at RM4.40, warrant peaked at RM2.80.  Heavy selling seen on 11am with high volume.  Big buyers are switching their funds by locking in the next IJM counter by afternoon.
Wednesday, IJMLand and Wa will fly in the the morning.

Afternoon Session, IJM seems experience mild rebound from heavy selling of fund switching.

Comments: -  IJMLand seems stable at 2.85, day trader profit take at late afternoon.  IJMLand warrant stabilizes at 1.58, IJMLand Wa should experience a boom from fund switching of IJMLand.