ramsyll was right about

PPB below $15.90 by 31-Aug-2012

  • target price: $15.90 ( -3.52 % in 112 days)
  • price when predicted: $16.48
  • current price: $16.82
  • 2148 days pass target date.
  • Below $15.90 on 15-May-2012
  • Lowest Price $13.70 on 07-Aug-2012
Knee-jerk reaction likely to be seen... unless EPF manipulate & PPB share buyback...

Shares of Singapore's Wilmar International, the world's largest listed palm oil firm, fell as much as 9 percent to a three-year low in early trade on heavy volume. This is basically due to them posting a surprise 34 percent drop in quarterly earnings today (US$52.5 million pretax loss), hurt by losses at its largely China-based oilseeds and grains business.

PPB has approx 19% shares in Wilmar (equity accounting approx RM30mil loss), and is likely to see lower profit being registered for Q1.
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