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Chin Teck Plantations Berhad shows a strong short-term outlook, backed by solid earnings in Q1 and Q3 FY2025 and rising palm oil prices. Despite a brief profit dip in Q2, revenue remains steady. Technically, the stock is bullish with key moving averages trending upward. Overall, it’s performing well with some caution around operational risks.
Chin Teck Plantations Berhad shows strong short-term bullish momentum, trading near its 52-week high. Technical indicators support further gains, though the overbought RSI suggests a possible short-term pullback. Fundamentally, the stock is undervalued with strong cash reserves and steady dividends. Overall, the short-term outlook is positive, with potential upside ahead.
Chin Teck Plantations Bhd 2QFY24 net profit surged seven-fold to RM20.8mn thanks to higher palm oil production as well as lower operating and administrative expenses
Pla take note that, Chintek is a Net Cash company. Cash per share (included investment securities) is ~ RM 5.90 per share. Compared with the current price 7.7, I do think that this is good opportunity to become shareholder of this company at discount.