haha, toto, welcome to ioi club. DOn;t seem to be good for ioi, the selldown is just stunning. Is possible meeting again in 2.00. Lets sail together....
take a look of the daily announcement for ioi, epf and dato lee n family are buying abundantly but still the selling pressure is not stopping. Wonder where the seller coming from?? mmmmm.... yea, having some ioi but only can stomach small amount. if the reversal come into picture, ioi will provide some handsome gain for me, but when? 2-3 more years to come???...
Market predict crude oil may go down to US50-60 due to stronger dollar and weaker demand (US and Japan motor marker post weak result, petrol is most major consumption of crude oil) ; Accordingly, Palmoil expect at RM 1,200-1400.
Unlike crude oil which have demand globally; Palm oil have smaller market with China, Pakistan, Indian as major imported. Indonesian have overtaken Msia as major exporter and a lot of palmoil will mature by 2008-2010 (massive palmoil planted on 2000-2001). In addition, according to cargo survayor, export for first 20day Oct, decrease by >15% than Sept....
CPO was RM 1100-1400 on 2004-2005; IOI share trade at 1.47-2.2; EPS= 12sen; (2004), 1.70-2.79; EPS=15.8sen (2005); All adjusted for capital distribution and share split. For more imformation, please get Stock Performance Guide, publish by Dynaquest, you can past 10years share performance for each stock.
Europe market trading at 6-9% low. I think US also likely down another 5%. We may miss further downside risk as monday in our holiday. Lets cool down market a bit!
Volatility sometime can make money!. Keep watch closely on share movement.
ReplyDeleteAsia market tumble >2%-7%. Currently, only Sime, MISC, PetGas and TNB support index.
any trade today?
ReplyDeleteam buying slowly, so far have used up 20% of my allocation. The downside expected to last for another 6-7months...
alamak.. i oso kena ioi @ 2.75.. see u @ 2.00
ReplyDeletetoto
horse must b having tonnes of IOI. i think dato lee will deliver some palm oil to ur house for storage. i think they r running out of space.. hohoho
ReplyDeleteblue chip become bulu potato chips. i think their earnings will be pretty similar to 2 yrs ago b4 the cpo rush... so not much of a concern. BUY!
toto
haha, toto, welcome to ioi club. DOn;t seem to be good for ioi, the selldown is just stunning. Is possible meeting again in 2.00. Lets sail together....
ReplyDeletetake a look of the daily announcement for ioi, epf and dato lee n family are buying abundantly but still the selling pressure is not stopping. Wonder where the seller coming from?? mmmmm....
ReplyDeleteyea, having some ioi but only can stomach small amount. if the reversal come into picture, ioi will provide some handsome gain for me, but when? 2-3 more years to come???...
http://www.btimes.com.my/Current_News/BTIMES/Friday/Latest/20081024131100/Article/index_html
ReplyDelete$%^&*%$
toto
bad news in btimes... foreign exchange losses... cialat
ReplyDeletetoto
sell volume is low.. can easily push up later... prepare to unload...
ReplyDeleteforeign exchange losses of 61m of june 2008 to be recognised by june next year. in this case, can say goodbye to next year profit...
ReplyDeletebought Guiness at 4.80; Amfirst at 76.5 sen; Keladi at 9.5sen. Be more prudent!
ReplyDeleteMarket predict crude oil may go down to US50-60 due to stronger dollar and weaker demand (US and Japan motor marker post weak result, petrol is most major consumption of crude oil) ; Accordingly, Palmoil expect at RM 1,200-1400.
ReplyDeletehng, i'm thinking of buying Guinness as well.
ReplyDeletetoto, my Average price for ioi is RM3.7.
Unlike crude oil which have demand globally; Palm oil have smaller market with China, Pakistan, Indian as major imported. Indonesian have overtaken Msia as major exporter and a lot of palmoil will mature by 2008-2010 (massive palmoil planted on 2000-2001). In addition, according to cargo survayor, export for first 20day Oct, decrease by >15% than Sept....
ReplyDeleteif cpo going back to the 2005 / 06 levels, ioi still profitable with 800m n 1.4b... so wats wrong with tat?
ReplyDeleteeps would b 15c n 24c...
the PE would be quite low for a blue chip like ioi...
toto
i think for IOI, easily worth RM6+.. when market recovers... haha
ReplyDeletenow the q is demand for palm oil will kena or not
toto
"when market recover"...that will need to wait for 2 years or so... :(
ReplyDeletebut anyway i buy ioi without fear... :) still confident about it for longterm
just wondering how much was IOI before the split n bonus... i think it went up to RM30 or so...
ReplyDeletealso, how much was it before the CPO rush? anybody got any idea? RM8? RM7?
toto
CPO was RM 1100-1400 on 2004-2005; IOI share trade at 1.47-2.2; EPS= 12sen; (2004), 1.70-2.79; EPS=15.8sen (2005); All adjusted for capital distribution and share split. For more imformation, please get Stock Performance Guide, publish by Dynaquest, you can past 10years share performance for each stock.
ReplyDeleteEurope market trading at 6-9% low. I think US also likely down another 5%. We may miss further downside risk as monday in our holiday. Lets cool down market a bit!
ReplyDelete