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Corporate: Taking a closer look at Glenealy

Glenealy Plantations (M) Bhd is one of the many plantation companies listed on Bursa Malaysia that is not covered by the investment research community. But it hasn’t been missed by investors hoping to cash in on the rise in crude palm oil (CPO) prices since late June. Glenealy, which has oil palm estates in Sabah and Sarawak, saw its share price touch an intra-day high of RM5.95 on Oct 15. Trading of the illiquid stock also spiked on Oct 13. This was very much in line with the trading patterns of many of its peers, such as TSH Resources Bhd, Sarawak Oil Palms Bhd, IJM Plantations Bhd and Tradewinds Plantation Bhd, which saw their share prices hit 52-week highs on Oct 26. The CPO third-month contract nearly hit a two-year high of RM3,086 per tonne on Oct 28. Based on Glenealy’s earnings per share of 26.08 sen for FY2010 ended June 30, it is trading at a historical PER of 19.9 times, lower than that of close competitor IJM Plantations, which is trading at a historical PER of 25 times ....

Glenealy Plantations , East Kalimantan , Kalimantan Timur , Hong Kong , Glenealy Sabah , Kabupaten Bulungan , Chee Ming , Corp Bhd , Sarawak Oil Palms Bhd , Samling Strategic Corp Sdn Bhd , Samling Global Ltd , Norwegian Government Pension Fund , Bursa Malaysia , Tradewinds Plantation Bhd , Hak Guna Usaha , Lingui Developments Bhd , Yaw Chee Ming , Genting Plantations Bhd ,

NPC Resources faces suspension on June 23

NPC Resources faces suspension on June 23
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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