佳礼资讯网

 找回密码
 注册

ADVERTISEMENT

查看: 53034|回复: 497

【CBIP 7076 交流专区】CB工业产品

  [复制链接]
发表于 2-11-2007 11:04 AM | 显示全部楼层 |阅读模式
本帖最后由 icy97 于 18-11-2011 01:51 AM 编辑





短期内应该可以冲破6块多
管理层好
鼓励长线投资

[ 本帖最后由 kitkatlow 于 25-11-2007 10:49 AM 编辑 ]
回复

使用道具 举报


ADVERTISEMENT

发表于 2-11-2007 11:08 AM | 显示全部楼层
交易量没有超过20,000以上的--都归类为虚市
回复

使用道具 举报

 楼主| 发表于 2-11-2007 11:14 AM | 显示全部楼层
5块钱的股嘛.....
少人炒才好
适合长期
慢慢爬上去
回复

使用道具 举报

 楼主| 发表于 2-11-2007 11:39 AM | 显示全部楼层
站稳5.70
冲向6.00!!!
回复

使用道具 举报

发表于 2-11-2007 11:48 AM | 显示全部楼层
原帖由 ^ska^ 于 2-11-2007 11:14 AM 发表
5块钱的股嘛.....
少人炒才好
适合长期
慢慢爬上去

加油
回复

使用道具 举报

 楼主| 发表于 2-11-2007 01:18 PM | 显示全部楼层
谢谢谢谢
长期投资一定有看头

希望各位大大能给小弟意见
回复

使用道具 举报

Follow Us
发表于 2-11-2007 01:38 PM | 显示全部楼层
原帖由 ^ska^ 于 2-11-2007 11:39 AM 发表
站稳5.70
冲向6.00!!!




4倍盈利  
回复

使用道具 举报

 楼主| 发表于 9-11-2007 12:44 PM | 显示全部楼层
很抗跌一下 不错不错
最新的quarter result

EPS increase了很多
回复

使用道具 举报


ADVERTISEMENT

 楼主| 发表于 12-11-2007 05:12 PM | 显示全部楼层
没有量不怕
大跌时也不用怕
晚上垫在枕头下
美国大跌照样笑
早上放心上课去
回来已经六块钱

回复

使用道具 举报

 楼主| 发表于 13-11-2007 10:01 AM | 显示全部楼层
6.25了!!!
感动感动......
回复

使用道具 举报

发表于 13-11-2007 10:04 AM | 显示全部楼层
加油ska,你买到一匹骏马。
回复

使用道具 举报

 楼主| 发表于 13-11-2007 10:43 AM | 显示全部楼层
谢谢弹煮大大
这是第一支我想收长期的股.....
还没收过股息....
回复

使用道具 举报

发表于 13-11-2007 10:56 AM | 显示全部楼层

回复 #12 ^ska^ 的帖子

我买magnum也是相同的目标。
回复

使用道具 举报

 楼主| 发表于 13-11-2007 10:59 AM | 显示全部楼层
站在历史最高点上
站稳脚步   继续冲吧!!!!
回复

使用道具 举报

发表于 13-11-2007 11:07 AM | 显示全部楼层
这股超强!
回复

使用道具 举报

发表于 13-11-2007 11:27 AM | 显示全部楼层
看看上个星期六星报专题报告吧!里面有对该老板的专访
请注意他对近期要收购的公司(也是自己的)的描述。。。

老实说,这样的举动我感到非常不安

我在2年前有注意到他们有专利权(当时从2块多起到3块多,我没买)。那时到最近,我都对CBIP的前景非常有信心,虽然我没按票

无论如何,大势是对他们有利的。要注意油棕价和钢铁价的走势。
回复

使用道具 举报


ADVERTISEMENT

发表于 13-11-2007 11:32 AM | 显示全部楼层

回复 #16 piao2 的帖子

补充资料:

Friday November 9, 2007

CBIP to see strong H2

By RACHAEL KAM and  SHANNEN WONG

PETALING JAYA: CB Industrial Holding Bhd (CBIP) is expected to perform better in the second half, after winning a new contract recently and putting in a good showing in the third quarter ended Sept30.
Aseambankers Malaysia Bhd analyst Ong Chee Ting said the strong performance in its third quarter ended Sept 30 was boosted by higher progress billings and strong plantation revenue.
“Earnings for CBIP in the fourth quarter should be comparable, if not better, than the third quarter, as the current quarter is traditionally CBIP’s strongest.
“This is further backed by high crude palm oil spot prices of more than RM2,800 per tonne currently, against the second quarter’s average spot prices of about RM2,597 per tonne,” he said in a note to clients.
        
                        
A Modipalm mill in Gua Musang, Kelantan.

Ong said the brokerage expected more contracts to be awarded to CBIP’s 51%-owned subsidiary, AVP Engineering Sdn Bhd, from other government-related departments, following the RM78.2mil contract by the Fire and Rescue Department.
“There could be further upside to CBIP’s earnings upon award of more projects.
“These contracts are additional ‘bonus’ as AVP Engineering remains a non-core business of CBIP as the construction and delivery of higher margin Modipalm mills remain the bread and butter of CBIP.”
Aseambankers maintains a “buy” call with a target price of RM6.70.
An analyst from Alliance Research Sdn Bhd said CBIP was expected to have about RM320mil of unbilled sales year-to-date which could last until the second half of the year ending Dec 31, 2008 (FY08).
“We believe that CBIP is riding on the bullish palm oil sector although being a non-planter as Modipalm technology, through its unit, Modipalm Engineering Sdn Bhd, that provides solutions for cost-saving and high-yielding crude palm oil production,” he said.  
                        

The oil palm division would become a significant and sustainable earnings contributor in the long run, he added.
The analyst also said CBIP “may enlarge its stake in Solar Green Sdn Bhd in the future and have access to its landbank of 5,566ha” despite the fact that its 40% stake might not translate into significant revenue and profit contribution.
The research house is maintaining its market “outperform” call with atarget price of RM6.60, based on a price earnings ratio of 15 times for FY08 and earnings per share of 44.1 sen.
HwangDBS Vickers Research said in a report that the potential catalyst was growing acceptance of Modipalm mills and expansion of plantation landbank.
It maintains a “buy” call with a target price of RM6.70 based on 15times FY08 earnings per share, given that CBIP’s balance sheet remains sound with less than 10% net gearing.

[ 本帖最后由 Mr.Business 于 13-11-2007 11:37 AM 编辑 ]
回复

使用道具 举报

发表于 13-11-2007 11:34 AM | 显示全部楼层

回复 #17 Mr.Business 的帖子

Saturday November 10, 2007

The law of extraction
By ERROL OH

PLANTATION owners are not the only ones revelling in the extended runof strong crude palm oil (CPO) prices. There are many other players in the supply chain who are basking in the reflected glory, and among them is CB Industrial Product Holding Bhd (CBIP).
Analysts and investors see the stock as a fine proxy to the CPO boom because the company specialises in palm oil mill construction and engineering. According to Bloomberg, all seven research outfits that have issued updates on CBIP this month have buy calls on the stock.
        
                        
Sze: We are also looking at refurbishment opportunities
Spurred by the good times, oil palm growers have been expanding aggressively by developing new estates, particularly in Indonesia. This means more mills have to be built and this is where CBIP comes in.
Says founder and managing director Lim Chai Beng: “The market today is very big and will stay that way for the next five to 10 years at least.There's been a huge jump in new planting.”
Last year, Malaysia's total oil palm planted area grew by 2.8% to 4.17million ha. With far more land to open plantations, Indonesia has a bigger thirst for oil palm acreage. The expansion drives of the major growers in that country say it all.
Golden Agri-Resources Ltd of the Sinar Mas group, for example, added about 20,100 ha to its total planted area in 2006. That is close to a fifth of the increase in Malaysia.
The Salim group's Indofood Agri Resources Ltd (IndoAgri) aims to have 250,000 ha planted by 2015. It recently completed the acquisition of a majority interest in PT PP London Sumatra Indonesia Tbk, another plantation company.
This deal almost doubled IndoAgri's oil palm holdings from less than 75,000 ha to about 138,000ha, while its unplanted area is now over 220,000 ha. Like Golden Agri, IndoAgri is listed in Singapore.
Add to this the Malaysian plantation companies with burgeoning operations domestically and in Indonesia, and you have the right conditions for CBIP to push its products and services.  
Based on reports that about 6 million ha of land around the world will be planted with oil palm between now and 2020, and the fact that Indonesia now has 1.4 million ha of immature oil palm, CBIP business development director Sze Kok Sing estimates that this will yield a demand for 540 mills in Malaysia and Indonesia.
“That's RM18bil worth of new mills to be built,” he says. “We have to look at Indonesia, of course. It has a potential oil palm area of 20million ha.”

The Modipalm edge
But that is not the whole story. If it were merely a case of a large oil mill contractor making hay while the sun shone, there would be little incentive for the investing community to sit up and take notice.
The know-how for building conventional mills has barely changed in decades, many lightweight engineering outfits can undercut CBIP and everything hinges on the ability to keep bagging contracts. It is hardto see how a business can boost its profitability in such an environment.
Says Sze, “The market for constructing conventional mills is very competitive. There are many players and most are small. That's why we chose to go for innovation and technology.”
CBIP 's crucial advantage is that it has come up with a new breed that it calls the Modipalm mill. The design revolves around the patented continuous sterilisation process – the patent identifies the inventionas “Continuous Extraction of Palm Oil And Palm Kernels” – which the company says significantly lowers costs and improves output.
Sze says the Modipalm mill requires less space, fuel and labour; produces more and better quality CPO; and is kinder to the environment.That sounds like the plantation industry's equivalent of a killer application.
        
                        
Modipalm’s mill in Gua Musang, Kelantan
The company began its research and development on the continuous sterilisation process in 1998 to tackle a long standing operational speed bump – the conventional method of 'cooking' oil palm fresh fruit bunches (FFB) batch by batch with superheated steam takes a lot of manpower and the results can be erratic.
The FFB are loaded into cages, which are then pushed into sterilisers.These steps involve many workers and a large footprint. The Modipalm mill goes around this by incorporating extensive automation so that the sterilisation of the FFB fits seamlessly with the rest of the milling operations.
Although, according to Lim, CBIP developed the continuous sterilisation process on its own, the company made a canny move by jointly holdingthe patent with the Malaysia Palm Oil Board (MPOB), the governmen tagency whose duties include the licensing of palm oil mills. “It's a safeguard for us,” explains Sze.
The 15-year patent is registered in Malaysia and Indonesia, enabling CBIP to enjoy a monopoly on the construction of Modipalm mills until 2019.

[ 本帖最后由 Mr.Business 于 13-11-2007 11:41 AM 编辑 ]
回复

使用道具 举报

发表于 13-11-2007 11:34 AM | 显示全部楼层

回复 #18 Mr.Business 的帖子

The turning point
However, it was not an overnight success. Oil palm companies are not known as early adopters of technology, particularly if it means investing millions of ringgit in new machinery.
“Plantation people are a conservative lot. They wanted to wait and see,” says Sze, who has worked in the plantation industry for decades,and retired recently as a senior executive of Asiatic Development Bhd,the Genting group's plantation and property arm.
The break through happened last year. The orders for Modipalm mills started flowing from Malaysian and Indonesian customers such as the Felda and Tabung Haji groups, Golden Hope Plantations Bhd (GHope),Kumpulan Guthrie Bhd's Minamas Plantations and Golden Agri.  
Lim says the company has so far been awarded jobs to build 42 Modipalmmills. Most of the projects are in Indonesia, probably reflecting the number of new plantations there.
A key development was Felda's decision last August to give a RM79 mil contract to wholly-owned CBIP subsidiary Modipalm Engineering Sdn Bhd to build seven Modipalm mills in Pahang and Johor. This suggests that people in the industry has begun to embrace the Modipalm mill as the new standard.
That augurs well for CBIP's plan to grow the Modipalm mill business by pitching for jobs to replace conventional mills as well.
Says Sze: “We are also looking at refurbishment opportunities. There are about 400 mills in Malaysia and Indonesia has 400 to 450. There is a big market for modernisation, worth RM50mil to RM100mil a year.”
That means winning over new customers such as IOI Corp Bhd, Kuala Lumpur Kepong Bhd and United Plantations Bhd.
Says a veteran planter: “The Modipalm mill is relatively new but thec ompanies know a good thing when they see one. It's a matter of time.They are likely to look at Modipalm when they start replacing their existing mills.”
Another big potential customer in CBIP's sight is Synergy Drive Bhd,the giant corporation formed following the merger between Sime DarbyBhd, GHope and Kumpulan Guthrie.
“At the moment, Sime Darby does not know us, but Minamas has four Modipalm mills and GHope has two. These will be our good references for us. The Synergy Drive management can see the results at these mills. I don't think they can ignore the product,” says Lim.

Broadening the income base
CBIP is betting heavily on the Modipalm mill because it offers better margins although its pricing is at par with that of the conventional mill. In addition, income from the Modipalm business is tax-free because of Modipalm Engineering's pioneer status.
In fact, all of CBIP's major mill projects secured this year have gone to Modipalm Engineering. “If the price is right, we can still build conventional mills. Otherwise, we will focus on our proprietary technology. We have yet to aggressively promote it,” says Sze.
Indeed, there may still be some convincing to do. One plantation company chief points out that CPO produced by the Modipalm mill has a higher content of free fatty acids (FFA), which affects the quality and thus, the price.
He says, “This is not a problem in Peninsular Malaysia, where you can despatch the CPO to the refinery faster, but what about in places like Indonesia?”
Sze concedes that the FFA content of CPO from the Modipalm mill is slightly higher but argues that this is outweighed by benefits such as lower costs and better output.  
There is also the concern that when CPO market finally slumps, capital expenditure by the oil palm growers will come to a screeching halt and it will be a tough time for CBIP, particularly if it is caught midway through an expansion phase.
The management is aware of the need to spread its risks. “As an engineering company, our ability to keep winning projects depends very much on our expertise and experience,” says Sze. “But yes, one day, the project pipeline may dry up. We need a source of steady income.”
A step in this direction was its venture upstream into oil palm cultivation when it acquired Sachiew Plantations Sdn Bhd in April 2005.Sachiew has 3,720 ha of plantation land in Miri.
Lim says he has long wanted CBIP to own plantations. That desire has not waned. Last month, CBIP announced the proposed acquisition of a 40% stake in Solar Green Sdn Bhd, which has about 4,600 ha of mature planted area in Sarawak. CBIP's target is to have 15,000 ha landbank.
At the same time, the company has also moved into the treatment of palm oil mill waste. On Oct 23, it said it would buy up to a 90% interest inP W Biotech Engineering Sdn Bhd for RM13.2mil cash. Lim is among the vendors.
PW Biotech designs, constructs and operates treatment systems for palm oil mill effluent (POME). The company explains the rationale: “(The proposed acquisition) will allow CBIP to strengthen and consolidate its position in the POME industry.
“The proposed acquisition will also enable CBIP Group to synergistically broaden its business activities and earnings based by branching out into construction and systems of effluent treatment plant.”

[ 本帖最后由 Mr.Business 于 13-11-2007 11:45 AM 编辑 ]
回复

使用道具 举报

发表于 13-11-2007 11:35 AM | 显示全部楼层
Saturday November 10, 2007

Milled for success
A VETERAN planter describes CB Industrial Product Holding Bhd as the next IOI. That may be excessively flattering, but it reflects the kind of respect the company has garnered in recent years, particularly forits steady growth and strong management.
The 'CB' in the company's name is managing director Lim Chai Beng. Like many other listed companies, CBIP has modest beginnings. Within three decades, Lim has built a company that Forbes magazine has included in its latest Asia's Best Under A Billion list.
        
                        
»M&As are definitely in the pipeline, particularly for upstream operations«LIM CHAI BENG
(The list identifies 200 listed companies in Asia andthe Pacific with less than US$1bil in sales based on “consistent growth of both sales and profits over three years”.)
Says Lim, “Of course, anybody in our position will be happy, especially when it's the second consecutive year that we've made the list. It's not easy to be selected. It's due to the hard work of the whole team;it's not me alone.”
Lim talks to BizWeek on the early days of the company and sheds some light on recent developments at the company. Excerpts:

On why he started a palm oil mill construction and engineering company
The company has been in this industry for 27 years. I started on a very small scale. With RM1,000, I opened a little workshop to do repair works and general engineering. Then a year later, we saw the big potential in palm oil milling. We ventured into repairing mills. Later,we started manufacturing spare parts for the mills and then, we expanded to machinery. Finally, in the mid-1990s we went into palm oil mill engineering.
In 1998, even before our listing, we chose to focus on developing the continuous sterilisation process.

On challenges and opportunities in the palm oil mill business
The oil palm industry needs to change to be more environmentally friendly and cost-efficient. And this is where we can do a lot. The  Modipalm mill allows the plantation players to save costs and increase production. Also, we want to do more on the treatment of the waste from the mill. We want to provide a complete solution.

On the Modipalm mill
We are pretty happy with what it has achieved so far. It's not easy at first for people to understand what Modipalm can do but people are slowly beginning to realise that it brings real and significant benefits.
We have built 42 mills so far. Once they have used Modipalm mills,people don't go back to conventional mills. We are going to sell our product in the right way so that there'll be broad acceptance. Some customers may want the mills to be designed and built in certain ways,but it's important that we ensure that the Modipalm mills perform to expectations.
                        

The product is still relatively new.  We hope to break through to the other big plantation players such as IOI, KLK and UP.

On the possibility of more mergers and acquisitions
Mergers and acquisitions are definitely in the pipeline, particularly for upstream operations. We have a lot of room to grow. We have gone abroad and we know that there are many opportunities, for example, in Indonesia and Papua New Guinea. These are places of opportunity for us.
Maybe, for the moment, we are a bit too late. In 2001, I remember that we desperately wanted to into plantations in Indonesia, but we couldn't. Definitely, we need to choose the right time to invest.
We may also dispose of some small non-core assets. We don't want to confuse people, who may think that we are not focused enough on the industry.

On the perception that CBIP is branching out into other engineering fields
(On Nov 2, CBIP announced that 51% subsidiary APV Engineering (M) Sdn Bhd had been awarded a RM78.2mil contract to supply 42 fire rescue tenders to the Fire and Rescue Service Department.)
APV has been with us for 15 years. One of our directors has been trying to develop the company. The contract was secured through a lot of hardwork. It takes a lot to gain the confidence of the Finance Ministry.APV has been running on its own, has its own production space and the CBIP management doesn't have to put much resources into it. Who knows,the company may have a high value later if it's put on the market.
We can't expand rapidly and be like KNM (oil and gas process equipment manufacturer KNM Group Bhd), for example. We don't have the time and expertise to diversify into other areas of engineering. In this business, people look at your track record and capabilities. We can' t go into oil & gas, just like I don't think KNM can move into oil palm mills.

On concerns over the proposed acquisition of PW Biotech because it is a related-party transaction
We started the company (PW Biotech) in 1999. We have invested a lot of money; it was a lot to us at that time. It has been making losses for the first five or six years. We can't develop this business under CBIP because CBIP has forecasts to meet and the start-up’s losses will eat into CBIP's profits. CBIP is acquiring it because it now wants to do more on the final part of the mill operations, the part that has an impact on the environment.

[ 本帖最后由 Mr.Business 于 13-11-2007 11:48 AM 编辑 ]
回复

使用道具 举报

您需要登录后才可以回帖 登录 | 注册

本版积分规则

 

ADVERTISEMENT



ADVERTISEMENT



ADVERTISEMENT

ADVERTISEMENT


版权所有 © 1996-2023 Cari Internet Sdn Bhd (483575-W)|IPSERVERONE 提供云主机|广告刊登|关于我们|私隐权|免控|投诉|联络|脸书|佳礼资讯网

GMT+8, 28-3-2024 11:43 PM , Processed in 0.074033 second(s), 24 queries , Gzip On.

Powered by Discuz! X3.4

Copyright © 2001-2021, Tencent Cloud.

快速回复 返回顶部 返回列表