Mewah: Co is looking at Indonesia and China as potential sites for expansion as it expects demand for palm oil to outpace supply in the long term. Co is currently building its 4th refinery in Sabah in Msia which will boost its annual capacity by 19% to 3.3m tons when the US$60m plant is completed by yr end…
Co is also constructing two packaging facilities in China, to be completed by 2013. Highlights that CPO prices cld fall by as much 13% in the short term after a strong rally, but long-term bullish sentiment for the commodity will be intact due to strong demand...
Peer Wilmar trades at fwd P/E 16.5x despite recent underperformance and comparatively, Mewah trades at lower fwd P/E of 11.0x (note that Mewah has not had a full yr of results since listing).
No comments:
Post a Comment