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Extracted from ocbc sec research write-up on Asia Plantation...Potential Upside:
Golden Agri : Buy - TP S$3.80 (48% upside) -
IOI : Buy, TP RM6.60 (25% upside)
Wilmar : Buy - TP S$3.98 (24% upside) -
KLK : Buy - tgt price RM15.30 (19% upside)
Golden Hope : Hold, TP RM9.30 (10% upside)
11-07-2007 16:17:00 INTERVIEW-Malaysia's IOI profit to jump 35 pct on yr KUALA LUMPUR,
July 11 (Reuters) - Strong palm oil prices will lift net profit by 35 percent for Malaysia's top planter, IOI Corp Bhd , in the year to June 2007, but will also blunt the firm's acquisition prospects, a top official said. Lee Yeow Chor, group executive director, said the company planned to focus on boosting yields at palm plantations and developing estates in the eastern Malaysian state of Sarawak on the island of Borneo. "For the first nine months, net profit was 35 percent better than last year, I think we will maintain it for the whole year," Lee told Reuters in an interview on Wednesday.
hmmm, if i have not mistaken, asia F&P does not have any shares in Golden Agri anymore leh, u can go find out this information @ SGX, so even if golden agri is doing very well, ASIA F&P does not benefit much
AFP is the parent company of Golden Agri which is benefitting from soaring palm oil prices. So I recommend holding.
Hi all, I am caught with Asia F&P bought at 83cts x50 lot .can anyone advise !!! To hold for long term.??
Thank you.
