Sold SAAG Bought Kulim

27 Apr 09, 16:00

RY: thank you very much ZL for my happiness

27 Apr 09, 16:00

RY: ZL...cannot tahan anymore.disposed saag 0.28

27 Apr 09, 16:07

RY: i bought kulim 5.45

Kulim (Malaysia) Berhad is engaged in oil palm plantation, investment holding and property investment in Malaysia. The Company’s business segments comprise: plantation operations segment, which is engaged in oil palm planting, crude palm oil processing and plantation management services and consultancy; manufacturing segment, which is engaged in the manufacture and sale of oleochemicals and rubber products; quick service restaurants, which is engaged in Pizza Hut and Ayamas outlets, and property investment, which is engaged in the rental of office building. Its other operations mainly comprises of investment holding. On December 31, 2007, the Company acquired interest of two new subsidiaries, Renown Value Sdn. Bhd. and Volgen Industry Sdn. Bhd. During the year ended December 31, 2007, the Company disposed of its interest in PT Graha Cakramulia, PT Sumber Mahardhikagraha, PT Salonok Ladang Mas, PT Harapan Hibrida Kalbar and PT Trimurti Sumbertama.


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Kulim currently trading at PE4.+ with high NTA RM10.58. So the downside risk should be much lower. balance sheet looks good to me. Kulim is my new holding ctr, just like ytl power and pelikan. Overall i like thier businesses, plantation division growing at healthy rate, with good valuation in london listed company. Demand for KFC ,Pizza Hut and Oleochemical products also improving. Will update more of my opinions about Kulim later.