KFIMA-6491

Earning will be enhanced to higher level toward EPS of RM0.25 to RM0.30.
It related subsidiary company-FIMACOR (3107) posted better quarterly result and contribute EPS of RM0.05 for KFIMA quarterly. Hope to see the items improve:
1. EPS from 0.20 to 0.25 / 0.30
2. cash per shares from 0.48 to 0.55 ( increase 0.07 per quarter), whole year cash per shares could be RM0.70 per shares.
3. retained earning improved from RM48 million to RM68 million.

Target Price: RM1.75 - RM2.10 based on PE 7X.

KFIMA (6491) building up volume this week, hope can maintain price above RM1.10-RM1.14 level.

PE = 5X
DY= 4.3%
Healthy balance sheet and sustainable business model.
Target Price = RM1.26-RM1.44



AEONCR (5139), continue to accumulate at this level.

Update on Recomended Counters

KFIMA : slowly building up at RM1.04 level. Pending financial result to be released this month, continue to accumulate at this level and wait for RM1.15-RM1.20.

AEONCR: Continue to accumulate at RM3.80-RM3.90 level.

CPO : Price moving upward

CPO price moving steadily toward RM2,700 level (spot month). Watch out for plantation counters. Golden Agri re-test SGD0.60 level on Monday and once breaking SGD0.62 resistance, it may go further up again to SGD0.65 to SGD0.70 level. With the acquisition of China food company and the sales network, i expect the revenue from China may contribute significantly.