GenP closed near a more than two year high with a series of positive candles. GenP began its rally since it broke out of RM3.80 in Jan 2009. The stock rallied for more than a year before penetrating the tough resistance region of RM5.80 – RM6.60 in Mar 2010, where it consolidated to form another base to trend higher in recent weeks. The stock removed another key resistance level of RM7.55 in Sep and touched a more than two year high of RM8.15 yesterday, before ending the day at RM8.14, with a series of five positive candles.
Mandarin Version : Genting Plantations Berhad : Likely To Move Higher In The Near Term…-12/10/2010
Showing posts with label Genting Plantations. Show all posts
Showing posts with label Genting Plantations. Show all posts
Tuesday, October 12, 2010
Genting Plantations Berhad : Likely To Move Higher In The Near Term…-12/10/2010
GenP closed near a more than two year high with a series of positive candles. GenP began its rally since it broke out of RM3.80 in Jan 2009. The stock rallied for more than a year before penetrating the tough resistance region of RM5.80 – RM6.60 in Mar 2010, where it consolidated to form another base to trend higher in recent weeks. The stock removed another key resistance level of RM7.55 in Sep and touched a more than two year high of RM8.15 yesterday, before ending the day at RM8.14, with a series of five positive candles.
Genting Plantations Berhad : Likely To Move Higher In The Near Term…-12/10/2010
Genting Plantations Berhad : Likely To Move Higher In The Near Term…-12/10/2010
RHB Equity 360° - 12 October 2010 (Plantation, Globetronics; Technical: Kulim, IOI, Sime, Genting Plant, CPO)
Sector Update
- Malaysia’s CPO production fell in Sep by 2.7% mom, while exports rose by a significant 21.2% mom. Despite the significant jump in exports, the lower production, slightly higher imports and lower domestic use caused closing CPO stock levels to remain relatively flat at 1.708m tonnes in Sep (from 1.704m tonnes in
Aug). As a result of the flat CPO stock levels, stock/usage ratio in Sep was also relatively flat at 9.18% (from 9.12% in Aug), in line with the 7-year average of 9.1%.
RHB Equity 360° - 12 October 2010 (Plantation, Globetronics; Technical: Kulim, IOI, Sime, Genting Plant, CPO)
- Malaysia’s CPO production fell in Sep by 2.7% mom, while exports rose by a significant 21.2% mom. Despite the significant jump in exports, the lower production, slightly higher imports and lower domestic use caused closing CPO stock levels to remain relatively flat at 1.708m tonnes in Sep (from 1.704m tonnes in
Aug). As a result of the flat CPO stock levels, stock/usage ratio in Sep was also relatively flat at 9.18% (from 9.12% in Aug), in line with the 7-year average of 9.1%.
RHB Equity 360° - 12 October 2010 (Plantation, Globetronics; Technical: Kulim, IOI, Sime, Genting Plant, CPO)
Thursday, August 26, 2010
RHB Equity 360° - (KFC, Parkson, Axiata, Gent Plant, Freight, HSL, Fajarbaru, Emas Kiara, IJMC, IJML, IJMP, MCIL, Allianz, MNRB, Lafarge, Wah Seong,..
Visit Note
- KFCH’s original plan was to open 12 outlets in FY2010, although we understand that target is now trimmed to 7 outlets. The reason for the lower target openings is due to the unexpected problems in the renovation of the stores combined with various red tape issues when getting approvals.
RHB Equity 360° - (KFC, Parkson, Axiata, Gent Plant, Freight, HSL, Fajarbaru, Emas Kiara, IJMC, IJML, IJMP,...
- KFCH’s original plan was to open 12 outlets in FY2010, although we understand that target is now trimmed to 7 outlets. The reason for the lower target openings is due to the unexpected problems in the renovation of the stores combined with various red tape issues when getting approvals.
RHB Equity 360° - (KFC, Parkson, Axiata, Gent Plant, Freight, HSL, Fajarbaru, Emas Kiara, IJMC, IJML, IJMP,...
Wednesday, July 28, 2010
Genting Plantations Berhad : Indonesian Estates To Start “Fruiting” Soon - 28/07/2010
Key highlights:
(1) CPO price outlook;
(2) No El Nino impact yet, slower
production growth seen in 2HFY10;
(3) Indonesian plantation contributions to start coming through from FY11;
(4) change in labour permit regulations;
(5) production costs to rise, not drop in FY10; and
(6) quiet on property development front, but potential coming from Chelsea Outlets and Kulai project.
Genting Plantations Berhad : Indonesian Estates To Start “Fruiting” Soon - 27/07/2010
(1) CPO price outlook;
(2) No El Nino impact yet, slower
production growth seen in 2HFY10;
(3) Indonesian plantation contributions to start coming through from FY11;
(4) change in labour permit regulations;
(5) production costs to rise, not drop in FY10; and
(6) quiet on property development front, but potential coming from Chelsea Outlets and Kulai project.
Genting Plantations Berhad : Indonesian Estates To Start “Fruiting” Soon - 27/07/2010
Corporate Highlights - 28/07/2010
♦ Genting Plantations
Visit Note : Indonesian Estates To Start “Fruiting” Soon - Underperform
♦ MY E.G. Services
Visit Note : More To Come
Corporate Highlights - 27/07/2010
Visit Note : Indonesian Estates To Start “Fruiting” Soon - Underperform
♦ MY E.G. Services
Visit Note : More To Come
Corporate Highlights - 27/07/2010
RHB Equity 360° - 28 July 2010 (Genting Plantation, MYEG; Technical: Measat Global)
Top Story : Genting Plantation – Indonesian estates to start “fruiting” soon
Underperform
Visit Note
GP’s FFB production growth has recovered from the weakness seen in 1H09, to post an 11.7% yoy growth in YTD June 2010. Going forward however, management expects this yoy growth to slow in 2H10, given the recovery in FFB production which was seen in 2H09.
RHB Equity 360° - 28 July 2010 (Genting Plantation, MYEG; Technical: Measat Global)
Underperform
Visit Note
GP’s FFB production growth has recovered from the weakness seen in 1H09, to post an 11.7% yoy growth in YTD June 2010. Going forward however, management expects this yoy growth to slow in 2H10, given the recovery in FFB production which was seen in 2H09.
RHB Equity 360° - 28 July 2010 (Genting Plantation, MYEG; Technical: Measat Global)
Thursday, May 27, 2010
Genting Plantations Berhad : Improving Earnings-27/05/2010
In line. Genting Plantation’s (GP) core 1QFY10 net profit was in line with our and consensus expectations, coming in at 21-23% of our and consensus FY10 forecasts. No dividend was declared for the quarter.
Genting Plantations Berhad : Improving Earnings-27/05/2010
Genting Plantations Berhad : Improving Earnings-27/05/2010