Tuesday, March 9, 2010

KSL (5038)
1. Property counter with EPS 0.24 (PE 5.7X)
2. Private placement @ 1.18
3. Based on track record, bonus issue in year 2003 and 2007. KSL healthy balance sheet showed that the company able call for another bonus issue maybe this year/next year.
4. TP 1.70 based on PE 7X.



APB :
1. Share price adjusted after dividend and some selling pressure due to disappointed earning for last quarter result. However, if we look into its account, cash per share jump to 57 cents per shares. Last quarter EPS less than 10 cents may due to its operating cost after the new plant started to operate.
2. Share price currently maintain at RM1.10 level.
3. Time to average and accumulate and wait for next financial result.


COCOLAND

1. Share price maintained at RM1.33 for past few weeks.
2. Share price start to try 1.41 level.
3. If break 1.45, Cocoland my try next level @ 1.60


AFFIN
1. Two research houses give TP of RM300-3.25 level2.
2. Share price trading at RM2.86. Next level should be RM3.20 with improved earning.



GOLDEN AGRI-S'PORE
1. CPO price trading at RM2700 level. Low production will push up the CPO price to 2,878-3,083 level
2. Trading at SGD 0.56. Once break 0.60 level, we may expect 0.65 followed by 0.70 level for coming 1-2 months