Plantation
Below is the recent evaluation by IBs.
| Date | Open Price | Target Price | Upside/Downside | Price Call | IB |
| 18/09/2012 | 2.31 | 2.92 | +0.61 (26.41%) | BUY | OSK |
| 18/09/2012 | 2.31 | 2.95 | +0.64 (27.71%) | BUY | KENANGA |
| 18/09/2012 | 2.31 | 2.65 | +0.34 (14.72%) | BUY | HLG |
| 10/09/2012 | 2.42 | 2.85 | +0.43 (17.77%) | BUY | KENANGA |
Fundamental Point
From Kenanga
"bought a 20 percent stake in Pontian United Plantation. & become the single largest shareholder of PUPL."
"Further benefit can be realised from the TSH-Pontian synergy as
Pontian's plantation landbank is located near TSH's landbank in Lahad
Datu, Sabah"
"raised its 2013 financial year earnings estimates by 5 percent to RM158 million"
From HLIB
"The acquisition of 1.06m PUPL shares will increase TSH’s net debt and
net gearing from RM774.2m and 0.89x (as at 30 Jun 2012) to RM822m and
0.91x, respectively."
"Based on our estimates, equity account of PUPL into TSH (based on TSH’s 20.2% stake) will enhance TSH’s 2013 EPS by 11.5%."
Forecast From OSK
Technical Analysis
Information from chart
1) Share dried up after recent sell down.
2) Everything in oversold area. Stochastic, William, RSI.
3) In the meantime, OBV is holding up well.
4) Started to high-volume in recent trading.
5) Price keep on open with gap up.
6) Best price to buy is below RM2.30.
7) TP at RM2.40 / RM2.48
All the best.
LT: Hi bro berid, a question from me, the 30-70 chart for RSI still available for down trend?
ReplyDeleteAnd for stochastic, it might/maybe at oversold area for quite a long time, how can we determine it's time to rebound.
And from what I see here, 2.23 might be a good price to enter.
Sorry bro no offense, i'm new here. just learning.I'm ur fans of this blog =)
Hi LT..
DeleteIts fine.. no problem.. you may ask whateva question as long related to TA..
1. how u define down trend? to me, oversold RSI, doesnt mean down trend.. some analyst use RSI different way.. i once went to forex class, they taught RSI in simple way. once reach 30% or below, its time to pick up. once reach 70-80%, its time to sell.. but actually it more than that. you cant decide base on RSI alone.. must use another indicator. this information could help you when they best time to look at stock. some could be at oversold for so so long time. this is where we look at other indicators.
2. you cant determine the time by judging from stochastic..
3. every analyst will give different value of entry price.. so, its normal when your value is different from mine.. if you dont mind, teach me how u get RM2.23. =D
as written in post, this time, i decide entry time from CCI, & ADX.. supportive signs are from volume and gap up price almost everyday.
LT: Hi sifu berid, thanks a lot for sharing ur point of view of TA =)
ReplyDeleteFor my part, i will check all the previous support and resistance.
Next, i will check either it's over bought/over sold (using RSI and stochastic, + CCI cut 100 and -100)
Any method/additional indicator to let u be more confident while entry?
I dono how to use ADX, I will learn up this 1.
Thanks a lot!