Now just visit CSE site & see their performances for the Dec Q 2010 & 9 months results as at 31/12/2010. All of these companies reported improved profits for the Q as well as for the nine months.
In case of BUKI just see the Group results or consolidated results since now it is almost a diversified company. Even after split of 10 shares for 01 held their nine months EPS & NAV figures have not diluted that much.(Just check)EPS dropped slightly from Rs 35.24 to Rs 30.60 (Don't forget this is soon after 10 for 1 split).Their top line revenue growth is significant & they have reported this profit growth even after a 87% drop or almost Rs 1.0b.n drop in exchange Gain/loss. So to me these results are superior & will continue to report further increase in their bottom line in this Q due to sharp increase in Palm oil prices.
What i see is some people are here trying to catch the bus by spreading misleading information saying that Oil palm company reported negative growth as at 31/12/2010. I can't understand why is this?
Yes these companies historically traded to a premium to the mkt & will continue to do so in future as well due to its illiquid positions & high share prices.To me BUKI is one of safest investment in CSE today. But this share is not for trading or for other promotions of short term traders. This is for the investors who like to see a genuine long term wealth.
Thanks & just correct me if i,m wrong.
Last edited by venuja on Tue Feb 15, 2011 7:02 am; edited 1 time in total