4. SIME
Market is in a bad shape now due to Libya turmoil. Well, there is a news posted on Business times, saying that Investment Bank downgrade plantation stock. I have some different view towards plantation stock.
In my opinion,
Sime Darby-the world's biggest palm oil producer
During the Q1, net profit decreased by 4.37% due to Bakun case (if i'm not mistaken). CPO keep going up and hit RM3950. I believe SIME should be able to post a positive growth quarterly result. What do you think?
As i said, the market is not doing good now. I will observe how the market perform and decide when to enter.
Sime-ja :)
Buy at your own risk. :)
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