CBIP #7076. Now $3.25
It proposed 10% private placement will be helpful company working capital, and expand palm oil mills production capacity.
Palm oil industry is still looking good. Malaysia government is promoting China to use more palm oil as it is a healthier oil to be consumed.
After placement, CBIP earning becomes 44.5 sen per share. It is still looking good.
Buy for mid term. Targeting RM5.35.
About Me
- Remisier OH
- 1991 B.A. WWU USA. 1992 Portfolio Manager. 1994 Remisier. 2005 Certified Financial Planner.
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