Sunday, September 2, 2012
China Real GDP
A large extent of China's GDP figures are boasted by building empty cities with high rise buildings and mega infrastructuress that do not bring any good to Chinese economy.
Chinese locals including the sales manager of the government project cannot afford to buy the dwelling unit built by the government . GDP figure is misused by many Chinese cities, esp. by the Governor for his promotion during the next Congress. One fine case is Chong Qing city.
An HK analyst claims that Chong Qing is heavily indebted now with profile that is comparable to Iceland, mainly caused by Bo Xilai during the his launching of 'Singing the Red, Hitting the Black' campaign.
Many believe that Bo Xilai case is viewed as an internal struggle of CCP for the coming 18th Congress between Hu-Wen premiers and Jiang Ze Min & allies. The 18th Congress supposed to taken place in April 2012 has to be postponed due to Wen would like to solve Tian An Men and Fa LunGong case before he steps down.
Bo Xilai case is not as simple as many thought. Besides human organ case done by Bo Xilai on Fa LunGong group in DongBei province, cracking down the mafia and businesses in Chong Qing for his personal gain, it also involves a criminal case committed by his wife, Gu Kailai who is alledged to involve in the murder of British businessman, Neil Heywood.
http://www.theepochtimes.com/n2/china-news/chinese-communist-partys-18th-congress-may-be-postponed-221125.html
Thursday, August 23, 2012
Friday, March 23, 2012
INGENS - New Formation of Boardroom
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| INGENS - 23rd March 2012 |
Thursday, 22 Mar 2012
7:44PM UNUSUAL MARKET ACTIVITY
11:33AM INGENS-Unusual Market Activity ("UMA") query by Bursa Securities
Wednesday, 21 Mar 2012
6:16PM CHIN BOON LONG (47,406,000 Shares Acquired)
Tuesday, 6 Mar 2012
6:15PM Resignation of Abdul Rahman Bin Shakor As Director
6:15PM Resignation of Ahmad Ruslan Zahari Bin Dato Dr. Zakaria As Chief Exec Officer
6:14PM Resignation of Abdul Rahman Bin Shakor As Member of Aud Com
Monday, 5 Mar 2012
5:38PM NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
Friday, 2 Mar 2012
6:19PM NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
5:24PM Proposed Change of Company Name
Tuesday, 28 Feb 2012
12:50PM Nine-month net loss 1.913 million (increased 76.64%)
Monday, 27 Feb 2012
5:35PM Appointment of LOW GAH LUEN As Executive Director
Wednesday, 22 Feb 2012
5:58PM LANDASAN SIMFONI SDN. BHD. (78,805,200 Shares Acquired)
5:58PM TITANIUM HALLMARK SDN. BHD. (75,714,800 Shares Acquired)
5:57PM LOW GAH LUEN (78,805,200 Shares Acquired)
5:57PM PHONG MUN WAH (78,805,200 Shares Acquired)
5:57PM YAP YEE SIEW, AUDREY (75,714,800 Shares Acquired)
5:57PM YEAP CHEE KEONG (75,714,800 Shares Acquired)
5:57PM LEONG SENG HOONG (75,714,800 Shares Acquired)
Tuesday, 21 Feb 2012
5:54PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Monday, 20 Feb 2012
12:36PM Additional Listing Announcement
Thursday, 9 Feb 2012
12:54PM GENERAL MEETINGS
Thursday, 19 Jan 2012
5:35PM GENERAL MEETINGS
Thursday, 12 Jan 2012
6:21PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Monday, 19 Dec 2011
6:13PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Friday, 16 Dec 2011
5:43PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Wednesday, 7 Dec 2011
5:18PM Change of Address (Amended Announcement)
Friday, 2 Dec 2011
5:18PM Change of Address
Thursday, 10 Nov 2011
5:42PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Tuesday, 8 Nov 2011
6:07PM 1H net loss 1.364 million (increased 128.48%)
Friday, 21 Oct 2011
6:02PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Thursday, 20 Oct 2011
6:38PM TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
Tuesday, 20 Sep 2011
5:20PM Retirement of SHALIZA BINTI SABTU As Director
5:20PM GENERAL MEETINGS
Tuesday, 6 Sep 2011
6:42PM GENERAL MEETINGS
5:43PM Change of Address
Thursday, 25 Aug 2011
5:45PM NOTICE OF AGM
Friday, 12 Aug 2011
12:37PM AHMAD RUSLAN ZAHARI BIN DATO' DR. ZAKARIA (110,000 Shares Acquired)
Tuesday, 9 Aug 2011
5:58PM 1Q net loss 0.355 million (increased 53.68%)
Friday, 29 Jul 2011
5:33PM WONG HUN LIANG (49,248,400 Shares Disposed)
5:33PM DATO FEROZ BIN A S MOIDUNNY (49,248,400 Shares Disposed)
5:33PM FIRSTWIDE SUCCESS SDN. BHD. (49,248,400 Shares Disposed)
5:33PM WONG HUN LIANG (49,248,400 Shares Disposed)
5:33PM DATO' FEROZ BIN A S MOIDUNNY (49,248,400 Shares Disposed)
Friday, 22 Jul 2011
5:34PM DATO FEROZ BIN A S MOIDUNNY (65,664,616 Shares Acquired)
5:34PM WONG HUN LIANG (65,664,616 Shares Acquired)
5:34PM FIRSTWIDE SUCCESS SDN. BHD. (65,664,616 Shares Acquired)
5:34PM WONG HUN LIANG (65,664,616 Shares Acquired)
5:34PM DATO' FEROZ BIN A S MOIDUNNY (65,664,616 Shares Acquired)
5:30PM NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
12:39PM OTHERS
Thursday, October 13, 2011
2011 Thailand flood
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| Honda factory soaked in water!! |
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| Rubber plantation destroyed. |
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| City folks walk on cable. |
Thursday, July 7, 2011
Friday, May 13, 2011
Stockhastic Pop - A new invented TA method
Jake Bernstein, a famous future analyst interviews with Dr. George Lane, the man who invented Stochastic Oscillator 50 yrs ago.
Download this,
http://69.176.104.70/jbnl/Copy%20of%20mbh050620.pdf
My findings,
1. Stochastic oscillator indicator, short named SI, invented many years ago only popular until a future analyst, Jake uses it a NEW way.
2. Jake mentions that, if a trader trades stock with %K, Sell when reaching overbought and Buy when oversold region, the traditional method introduced by Dr. George, most of the time the trader will face loss!!
3. Jake suggests trading the reverse way. BUY MARKETS THAT ARE “OVERBOUGHT” and SELL MARKETS THAT ARE “OVERSOLD”.
4. With configuring some Stochastic settings, this new method is named as Stochastic Pop method.
How to configure Chartnexus into Stochastic POP method
1. %K is the Closing price position in % over 14 period highest high and lowest low range. The fastest mover of a 3-line Stockhastics. (Action: No change)
2. %D, is the 3 period SMA or EMA of %K, or 3 bar smoothing of %K. (Action: Change this to 5 bar period.)
3. Smoothed %D, is the 3 period SMA or EMA of %D, or 3 bar smoothing of %D (Action: Change this to 12 period)
Rules to follow
In Chartnexus
* When SI goes above 75% level then BUY
* Exit when %D and Smoothed %D cross
* When SI goes below the 25% level, then SELL
* Exit when %D and Smoothed %D cross
In other chart analysis with Fast, Slow or Full mode, use the Slow mode.
* When SI goes above 75% level then BUY
* Exit when Slow %K and Slow %D cross
* When SI goes below the 25% level, then SELL
* Exit when Slow %K and Slow %D cross
Download this,
http://69.176.104.70/jbnl/Copy%20of%20mbh050620.pdf
My findings,
1. Stochastic oscillator indicator, short named SI, invented many years ago only popular until a future analyst, Jake uses it a NEW way.
2. Jake mentions that, if a trader trades stock with %K, Sell when reaching overbought and Buy when oversold region, the traditional method introduced by Dr. George, most of the time the trader will face loss!!
3. Jake suggests trading the reverse way. BUY MARKETS THAT ARE “OVERBOUGHT” and SELL MARKETS THAT ARE “OVERSOLD”.
4. With configuring some Stochastic settings, this new method is named as Stochastic Pop method.
How to configure Chartnexus into Stochastic POP method
1. %K is the Closing price position in % over 14 period highest high and lowest low range. The fastest mover of a 3-line Stockhastics. (Action: No change)
2. %D, is the 3 period SMA or EMA of %K, or 3 bar smoothing of %K. (Action: Change this to 5 bar period.)
3. Smoothed %D, is the 3 period SMA or EMA of %D, or 3 bar smoothing of %D (Action: Change this to 12 period)
Rules to follow
In Chartnexus
* When SI goes above 75% level then BUY
* Exit when %D and Smoothed %D cross
* When SI goes below the 25% level, then SELL
* Exit when %D and Smoothed %D cross
In other chart analysis with Fast, Slow or Full mode, use the Slow mode.
* When SI goes above 75% level then BUY
* Exit when Slow %K and Slow %D cross
* When SI goes below the 25% level, then SELL
* Exit when Slow %K and Slow %D cross
Saturday, April 23, 2011
Oil May Hit $150, Gold $2,000: Risk Assessor reported by CNBC
On Tuesday April 19, 2011, 8:12 am EDT
Oil prices are likely to hit $150 while gold may go above $2,000 longer term, Nick Bullman, a managing partner at research-based risk assessment service firm CheckRisk, told CNBC Tuesday.
In the Middle East and North Africa, "the genie is out of the bottle" and the unrest is " very likely to continue for some time," Bullman said, adding that over the short term oil, which currently trades around $105 for US crude and $119 for Brent crude, is likely to spike to $135.
Demand from Asia is high, the glut in WTI crude is temporary and Saudi Arabia is unlikely to be able to make up for the difference in output from other countries in the Middle East and North Africa where exports decreased, he said in support for this bullish call on oil.
Gold as a store of value will continue to go up because "the monetization of debt is a big problem," Bullman added.
The precious metal is likely to hit $1,625 for this year but "it's going to go above $2,000" longer term, he predicted.
UK real estate is an area where prices will go down, according to Bullman, who expects them to fall between 20 percent and 25 percent from current levels this year and the next, because of high food and basic products inflation combined with unemployment and high debt levels.
http://finance.yahoo.com/news/Oil-May-Hit-150-Gold-2000-cnbc-3034329802.html?x=0&sec=topStories&pos=7&asset=&ccode=
Oil prices are likely to hit $150 while gold may go above $2,000 longer term, Nick Bullman, a managing partner at research-based risk assessment service firm CheckRisk, told CNBC Tuesday.
In the Middle East and North Africa, "the genie is out of the bottle" and the unrest is " very likely to continue for some time," Bullman said, adding that over the short term oil, which currently trades around $105 for US crude and $119 for Brent crude, is likely to spike to $135.
Demand from Asia is high, the glut in WTI crude is temporary and Saudi Arabia is unlikely to be able to make up for the difference in output from other countries in the Middle East and North Africa where exports decreased, he said in support for this bullish call on oil.
Gold as a store of value will continue to go up because "the monetization of debt is a big problem," Bullman added.
The precious metal is likely to hit $1,625 for this year but "it's going to go above $2,000" longer term, he predicted.
UK real estate is an area where prices will go down, according to Bullman, who expects them to fall between 20 percent and 25 percent from current levels this year and the next, because of high food and basic products inflation combined with unemployment and high debt levels.
http://finance.yahoo.com/news/Oil-May-Hit-150-Gold-2000-cnbc-3034329802.html?x=0&sec=topStories&pos=7&asset=&ccode=
Monday, April 4, 2011
Thursday, March 31, 2011
TEPCO share plunged 80% - March 2011
[Tokyo 1st] Electric Power & Gas
9501/T THE TOKYO ELECTRIC POWER CO., INC. Trade unit 100 (31/03/2011) Recent price 466 (15:00) 0 0.00 %
Open 521 (09:30)
High 524 (09:30)
Low 461 (14:55)
Previous 466
Year's High 2,197 2011/02/23
Year's Low 461 2011/03/31
Volume 188,630,000
Turnover 94,220,102,800
Monday, March 21, 2011
Coastal aims for Bolinger Band breakout!!
Coastal can easily close with Bolinger Band breakout today!! My TA calculator for Fibonacci Analysis is ready!
Minimum BB breakout for today is 2.74, tomorrow TA entering price is RM2.72 or higher.
Minimum BB breakout for today is 2.74, tomorrow TA entering price is RM2.72 or higher.
If BB breakout closing 2.75, tomorrow TA entering price RM2.73 or higher.
If BB breakout closing 2.76 or 2.77, tomorrow TA entering price RM2.74 or higher.
If BB breakout closing 2.78, tomorrow TA entering price Rm2.75 or higher.
If BB breakout closing 2.79 or 2.80, tomorrow TA entering price RM2.76 or higher.
If BB breakout closing 2.81, tomorrow TA entering price Rm2.77 or higher.
If BB breakout closing 2.76 or 2.77, tomorrow TA entering price RM2.74 or higher.
If BB breakout closing 2.78, tomorrow TA entering price Rm2.75 or higher.
If BB breakout closing 2.79 or 2.80, tomorrow TA entering price RM2.76 or higher.
If BB breakout closing 2.81, tomorrow TA entering price Rm2.77 or higher.
Sunday, March 13, 2011
Fibonacci Retracement Analysis
Fibonacci Retracement is a TA strategy that is applied to Bollinger Band breakouts. Bollinger Band breakouts normally happens after a period of consolidation. The main purpose a Technical Analyst uses Bollinger Band breakouts as an indicator is to trace speculative movement of a stock. Such stock appears on Technical Analyst's screen such as NextView online real time platform that provides a filtered list of stocks that closed above the Bollinger Band.
With IGB having first BB breakout on 4th of Jan, the closing prices of latest 3 trading days are calculated to determine the Buy In price on next trading day, 5th Jan. Fibonacci Retracement is measured by using the latest 3 days closing price as 0-100% reference, with the latest one closed above BB upper limit. This phenomenon is called a BB breakout.
Fibonacci Retracement analysis suggests that 61.8%, 50% & 38.2% levels of the latest 3 days closing price will act as 3 strong supports for a uptrend stock for the next trading day. Therefore the Buy in price for the following day should be placed at 61.8% i.e.Rm2.136 or higher, while the Cut loss price should be at 38.2% i.e. RM2.114 or higher for a TA investor.
The Selling price depends on TA investor's view on the current trend and stock profile. For this study case, we find that for the next 2 following days, the stock still breaks the Bollinger Band with huge volumes. Therefore the Technical analysts can upgrade their TP to a very high level.
With IGB having first BB breakout on 4th of Jan, the closing prices of latest 3 trading days are calculated to determine the Buy In price on next trading day, 5th Jan. Fibonacci Retracement is measured by using the latest 3 days closing price as 0-100% reference, with the latest one closed above BB upper limit. This phenomenon is called a BB breakout.
Fibonacci Retracement analysis suggests that 61.8%, 50% & 38.2% levels of the latest 3 days closing price will act as 3 strong supports for a uptrend stock for the next trading day. Therefore the Buy in price for the following day should be placed at 61.8% i.e.Rm2.136 or higher, while the Cut loss price should be at 38.2% i.e. RM2.114 or higher for a TA investor.
The Selling price depends on TA investor's view on the current trend and stock profile. For this study case, we find that for the next 2 following days, the stock still breaks the Bollinger Band with huge volumes. Therefore the Technical analysts can upgrade their TP to a very high level.
Tuesday, February 22, 2011
IGB & KFC Review - FEB 2011
Ichimoku Kinko Hyo Analysis
1. IGB - UPTREND. Stock price has been floating and dancing above the cloud for months. IKH analysis suggests that, the thicker cloud formed at beginning of March, will act as a bigger support and push the price higher. Strong supporting price by March is RM2.22.
2. KFCH - MIDTREND. Stock price entered the clouds second half of Dec 2010 and fell below the cloud early Jan 2011 since then. RM3.86 acts as a strong resistance when Tenka Sen (Conversion line) leads Jikun Sen (Base line) with small margin.
Thursday, February 10, 2011
QE2 a total failure & Citibank Review - Jan 2011
Ron Paul: QE2 Is a "Total Failure" and Bernanke Is Delusional About Inflation
Posted Feb 10, 2011 08:51am EST by Aaron Task in Newsmakers, PoliticsBen Bernanke faced some tough questions at the House Budget Committee hearing Wednesday. Still, the Fed chairman is probably glad he wasn't before the House Domestic Monetary Policy and Technology Subcommittee, which is chaired by Rep. Ron Paul (R-Tx.)
Rep. Paul joined Dan Gross and me Wednesday afternoon to discuss Bernanke's testimony and his subcommittee's hearing. As you might expect, the longtime Fed critic took umbrage with Bernanke's testimony, most notably the chairman's claims that QE2 is working and that inflation isn't brewing. (See: Under Pressure: Bernanke-Ryan Square Off as Ron Paul Waits in the Wings.)
QE2 is a "total failure," except for those folks who work on Wall Street," Rep. Paul says. "It hasn't done anything for Main Street; hasn't done anything to give us real jobs; hasn't done anything for people who are losing their houses."
As for inflation, "I think there's plenty," Rep. Paul says, citing "skyrocketing" commodity prices and rising food prices. One problem is the Fed's reliance on core CPI, which famously excludes food and energy and relies on hedonic adjustments. "They rig that number," he says. "[Bernanke] looks at government stats that are fudged to reassure him he doesn't have to do anything."
With the Republicans controlling the House and Rep. Paul's views now more mainstream, the Texas Congressman has somewhat toned down his public criticisms of the Fed lately. Still, he hasn't changed a fundamental view that central economic policymaking via the Fed is doomed to fail.
"We're trying to correct the massive problems we had this decade with more" of the same policies, he laments. "He's supposed to give us full employment and stable prices and we have neither. How did the Fed do?"
Rep. Paul says he'd support stripping the Fed of its dual mandate - full employment and price stability - as others in Congress have discussed. But he doesn't think it will do much good and continue to push for a full audit of the Fed and some "competition" for the dollar, as you'll see in part 2 of this interview.
Aaron Task is the host of Tech Ticker. You can follow him on Twitter at@atask or email him at altask@yahoo.com
Citibank Review - Jan 2011
Stock price moves downtrend since 18th of January. Profit missed target reported. Selling almost done by now. Overbought signal seen twice in 5th and 13th Jan.
IGB hit all time high with near 200k unit volume.
IGB hits all time high. Next target is to close at RM2.50. Corporate exercise may be around the corner. Still waiting for medias for confirmation. Tomorrow still got plenty of space to fly!!!
Bollinger Band with RSI value Analaysis
The chart indicates that, still got plenty of room to fly tomorrow. With RSI value around 55%. Overall fund manager would prefer to short sell a stock after reaching 75% - Overbought state.
Buying volume consolidated for the second day, and today closing reflects yesterday correction. Closing price finally breaks the BB.
Tomorrow we should see closing price break record high. RM2.50 is a very nice figure for everyone.
Buying volume consolidated for the second day, and today closing reflects yesterday correction. Closing price finally breaks the BB.
Tomorrow we should see closing price break record high. RM2.50 is a very nice figure for everyone.
MACD Signal Analysis
1. Only yesterday, chart analyst can see the GO Long or Buying signal when the MACD blue line and the MACD signal red line cross each other.
2. With MACD blue line continues to move on top of MACD signal red line, the stock price is growing. The reverse of lines position means stock price is falling. The more space that blue line leads the red means bigger growth.
3. GO Short or Selling signal will appear again when both lines cross each other again. Like in Jan 20. This can be noticed few days earlier, when blue line is starting to fall near to the red line.
4. Best thing is, use RSI to help you along the way. RSI > 75% simply means Overbought. Best time to sell for big profit!!
1. Only yesterday, chart analyst can see the GO Long or Buying signal when the MACD blue line and the MACD signal red line cross each other.
2. With MACD blue line continues to move on top of MACD signal red line, the stock price is growing. The reverse of lines position means stock price is falling. The more space that blue line leads the red means bigger growth.
3. GO Short or Selling signal will appear again when both lines cross each other again. Like in Jan 20. This can be noticed few days earlier, when blue line is starting to fall near to the red line.
4. Best thing is, use RSI to help you along the way. RSI > 75% simply means Overbought. Best time to sell for big profit!!
Wednesday, February 9, 2011
IGB breaks the Bolinger Band Upper Limit!!
All fund managers can see IGB closing price breaks the upper limit of Bolinger Band today. Tomorrow is a panic buying day when their analysis published to their clients.
Meaning Domino just started... Good time to buy for a TA analyst.
Tuesday, February 8, 2011
KFC Review - JAN 2011
 | « Reply #29 on: January 10, 2011, 07:04:14 PM » |  Quote |
Dude, you are my type. I also enjoy reading those technical infos.
I remember last time when I bought KFC before split, the PE was at 7-8. Then the PE gone up to 13-15 in this bull market.
I think with the current PE 13-15, that would be the PE of 7-8 with the new EPS ending for 1Q 2011. If there is a sell down on the matter of SC hearing causing bad sentiments in the market with PE drop back to 7-8, the estimate KFCH price is around Rm3.50-3.60 region.
I remember last time when I bought KFC before split, the PE was at 7-8. Then the PE gone up to 13-15 in this bull market.
I think with the current PE 13-15, that would be the PE of 7-8 with the new EPS ending for 1Q 2011. If there is a sell down on the matter of SC hearing causing bad sentiments in the market with PE drop back to 7-8, the estimate KFCH price is around Rm3.50-3.60 region.
IGB Review - Feb 2011
TA analysis for IGB
1. Stock price moves within 20d Bolinger lower band.
2. RSI touching 30% and it is good time to purchase to fund managers.
3. Buying momentum is recovering.
4. Huge buying volume is coming.
5. If previous buyers all return for the counter, the stock price can break Bollinger Band Upper Limit @RM2.32.
Thursday, January 27, 2011
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
| « Reply #20 on: January 12, 2011, 11:57:33 PM » | 0 Quote |
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?
Sunday, January 9, 2011
IJM Plantation Fair Value
| « Reply #22 on: Yesterday at 08:06:19 PM » | 0 Quote |
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.
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
| « Reply #3 on: Today at 12:44:40 AM » | 0 Quote |
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.
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.
Wednesday, January 5, 2011
Steel price up - Jan 2011
| « Reply #57 on: Today at 04:34:01 PM » | 0 Quote |
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.
Monday, January 3, 2011
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.
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.
Thursday, December 30, 2010
IJMLand+MRCB mega deal merge called off.
| « Reply #712 on: Today at 06:06:09 PM » |
The last time I made big loss was in Oct 2010 when I bought KFC on Trading contra. I made 12k loss 3.15 to 3.00 which dropped for 15 cents. But less than 2 weeks I made 160k from 300k margin facilities with 100k unit of KFC.
Sometimes I bought contra because it reminds me how hard my money is working in the margin account. I know this round I am going to lose about 20k on paper loss.
I understand Warren Buffett style and his rules of investment. #1. Never lose money. #2 Never forget rule #1. But that just not work for me. No pain no gain is my only rule for investment.
I really want to thank everyone for supporting IJMLand. Unlike Hap Seng, IJMLand is a company that really needs money for development and they are doing a great job. Thats why I fully support IJMLand. I will never sell my 400k worth of IJMLand & Wa shares even though next week. Cos IJMLand deserves to have a loyal financer like me.
With this wraps up my post for Attack IJMLand for RM3.60. Thank you to all my beloved supporters.
Sometimes I bought contra because it reminds me how hard my money is working in the margin account. I know this round I am going to lose about 20k on paper loss.
I understand Warren Buffett style and his rules of investment. #1. Never lose money. #2 Never forget rule #1. But that just not work for me. No pain no gain is my only rule for investment.
I really want to thank everyone for supporting IJMLand. Unlike Hap Seng, IJMLand is a company that really needs money for development and they are doing a great job. Thats why I fully support IJMLand. I will never sell my 400k worth of IJMLand & Wa shares even though next week. Cos IJMLand deserves to have a loyal financer like me.
With this wraps up my post for Attack IJMLand for RM3.60. Thank you to all my beloved supporters.
Wednesday, December 29, 2010
Buying two properties and give one away?
For example, let’s say you bought a $300,000 apartment and took a $270,000 mortgage at 3.55%, i.e. BLR-2.0% stretched over 30 years. If you just paid the minimum installment payments every month, how much would you have paid in total interest? The answer: Using a financial calculator, you can see that you will pay $1,220 in monthly installments for 30 years. That’s a total of $439,200 in installment payments! You would have paid a total of 169,200 in interest to the bank. If interest rate increases to 5.3%, that’s like buying two apartments and giving the bank one! Useful Mortgage Calculator with Amortization Graph, Repayment Chart & Balance Graph for better visualization http://www.mortgagecalculator.org |
Dude, we have arrived a time called massive inflation. The cash money that we hold reflects lesser value. Groceries, sundry goods, household items, food all asking for a higher price. Lets say the 2010 lending rate is 4%. Do you think that inflation for 2010 is lesser than 4%? Even if I am cash rich, I would think getting a loan from the bank worth more. Loan is a privilege that only a person who is financially sound and good credit history gets it. |
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