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Friday, July 21, 2017
Bottoming process could be ending. Time to rebound. This stock has been underperforming the STI index for the whole of this year. 2 catalyst could drive the stock higher. Improving CPO and sugar prices and spinning off China asset into an IPO on China Stock Exchange in late 2018 or early 2019 which the company has indicated in May 17. The listing will be a key value unlocking move. Technically, it has been finding a support at 3.28 and is poised to rebound to 3.50 and 3.70 respectively.