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Lately, I received a question:
‘IJM Plantations Bhd (IJMP) has dropped from RM 3.50 levels in 2016 to as low as RM 1.50 presently. Is this a good time to buy IJMP?’
Source: Google Finance
To answer this question, I would be doing a post-mortem on IJMP, revisiting its fundamentals to find clues of its fall in stock prices. It is unusual for a stock that has good fundamental qualities to experience more than 50% dip in stock price over a short span of time. This comes from my own studies and observations of stock price patterns in relation to its financial performances.
Therefore, here are 10 things to know about IJMP before you invest.
Operations in Malaysia
IJMP has maintained the size of its plantation estate at 25,000 – 26,000 hectares for the last 10 years. It also operates 4 palm oil mills that...