IJM Plantations Berhad (IJMP) is engaged in cultivation of oil palm, investment holding, trading of crude palm oil and provision of management services to the subsidiaries.
As of March 31, 2012, total plantation land of the Company in Sabah was 29,092 hectares.
As of March 31, 2012, area planted with oil palm was 25,441 hectares spreading over 11 estates in Sandakan and Sugut regions.
As of March 31, 2012, mature area totaled 24,537 hectares representing 96% of total planted area while the remaining area of 904 hectares was immature.
As of March 31, 2012, the Company had four palm oil mills with a total processing capacity of 195 tons of fresh fruit bunches (FFB) per hour, which are located in Sandakan and Sugut regions.
During the fiscal year ended March 31, 2012 (fiscal 2012), on the processing of palm kernel, the Company’s kernel crushing plant crushed 37,267 tons of palm kernel to produce 16,908 tons of crude palm kernel oil (CPKO) and 18,509 tons of palm kernel expellers (PKE).
As of March 31, 2012, total plantation land of the Company in Sabah was 29,092 hectares.
As of March 31, 2012, area planted with oil palm was 25,441 hectares spreading over 11 estates in Sandakan and Sugut regions.
As of March 31, 2012, mature area totaled 24,537 hectares representing 96% of total planted area while the remaining area of 904 hectares was immature.
As of March 31, 2012, the Company had four palm oil mills with a total processing capacity of 195 tons of fresh fruit bunches (FFB) per hour, which are located in Sandakan and Sugut regions.
During the fiscal year ended March 31, 2012 (fiscal 2012), on the processing of palm kernel, the Company’s kernel crushing plant crushed 37,267 tons of palm kernel to produce 16,908 tons of crude palm kernel oil (CPKO) and 18,509 tons of palm kernel expellers (PKE).
Trading Plan:
1) Trendline - Still above 20MA, waiting for 50MA breakout at RM 3.00
2) Volume: Very low and not consistent
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 57.7%. RSI decreased.
5) Support/Resistance: Supported at RM 2.91. Resistance at RM 3.00.Today close RM 2.97
6) Beta: 1.03
7) Candlestick: Gap up with longer body
8) Pattern: Bullish after breakout at RM 3.00
Analysis:
Buy once Plantation Sector in play.
Entry: >RM 2.99
Profit: RM 3.23
Cut loss: RM 2.91
RRR (Risk to Reward Ratio)> 1 : 3
1) Trendline - Still above 20MA, waiting for 50MA breakout at RM 3.00
2) Volume: Very low and not consistent
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 57.7%. RSI decreased.
5) Support/Resistance: Supported at RM 2.91. Resistance at RM 3.00.Today close RM 2.97
6) Beta: 1.03
7) Candlestick: Gap up with longer body
8) Pattern: Bullish after breakout at RM 3.00
Analysis:
Buy once Plantation Sector in play.
Entry: >RM 2.99
Profit: RM 3.23
Cut loss: RM 2.91
RRR (Risk to Reward Ratio)> 1 : 3
Average Target Price: RM 3.41
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