Stock Name: IJMPLNT
Company Name: IJM PLANTATIONS BHD
Research House: AMMB
KUALA LUMPUR: AmResearch is keeping its BUY''on IJM PLANTATION []S BHD [] with an increased fair value of RM3.20/share to account for a higher CPO price assumption.
'We like IJM Plantations for its pure exposure to CPO prices. We estimate that for every RM100/tonne change in CPO price, IJM Plantation's net profit would improve by 3% to 4%,' it said on Thursday, Oct 28.
AmResearch assumed an unchanged PE of 17 times on IJM Plantations' FY12F basic EPS. Its PE-multiple assumption''is within IJM P's four-year historical PE band of 6 times to 28 times. The group's average PE was 19 times for the past four years.
Company Name: IJM PLANTATIONS BHD
Research House: AMMB
KUALA LUMPUR: AmResearch is keeping its BUY''on IJM PLANTATION []S BHD [] with an increased fair value of RM3.20/share to account for a higher CPO price assumption.
'We like IJM Plantations for its pure exposure to CPO prices. We estimate that for every RM100/tonne change in CPO price, IJM Plantation's net profit would improve by 3% to 4%,' it said on Thursday, Oct 28.
AmResearch assumed an unchanged PE of 17 times on IJM Plantations' FY12F basic EPS. Its PE-multiple assumption''is within IJM P's four-year historical PE band of 6 times to 28 times. The group's average PE was 19 times for the past four years.
More likely hitting RM3.60 upon releasing its Q3 result soon....time will tell.... :-)
ReplyDeleteTend to agree with RM3.60 instead or even higher given the element of IJM brand name and their track record in terms of performance delivery. Just benchmark against IJM Land's share price performance.
ReplyDeleteStock watcher.