Yup, Tanjong PLC rating was downgraded by S&P from ‘Strong Buy’ to ‘Buy’. Is Tanjong not performing already? Nope, Tanjong is still on the right track. S&P downgraded the rating but raised the target price from RM18.00 to RM19.00. Yeah… Same apply to Maybank Investment Bank Research, target price raised from RM18.60 to RM19.10. However, OSK Investment Research keeps the target price at RM18.60.
Hmm… Should I top up now with current price at RM16.58? Nope, I will wait until the price is below SMA (50) which is below RM15.80. 
Yeah… Stock had a correction finally on 15 June 2009. It had been rallied since 12 March 2009. That’s 4 month of rally. A bit short than I thought. Based on research firms, the previous rally after stock big fall will last for 4 to 6 months. It ended at 4th month. Will it re-bounce and continue rally again?
Rally from 12 March to 15 June 2009
I always ask this question to myself, “Should I enter stock market now?” There is lot of answers. Some will tell you to buy when low. Some said you can enter market anytime as long as you think the stock worth the price. Keep the stock for long term like 5 to 10 years. No worry when to go in. Average the stock price by buying several times at different price that you think is right.
Oh no… I really need to study more in order to success in stock market. Time to study again…
Plantation stocks had been rated as underweight by OSK Research and Maybank Investment Bank. I just planned to buy more plantation stocks. And they said better start to sell now. They revised lots of plantation stocks target price including the one that I bought lately ~ IOICORP.
Based on the research, CPO price to correct in 2H09. I believe that because CPO price had been gone up too far lately. It is time to slow down and drop little bit. Drop to RM2,000 per ton? By the way, I just know that soybean is the competitor to palm oil. They use it as cooking oil?
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