skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 
Home » Tips » Stocks and Shares Tips » M.P. Evans Group: why it may be turnaround time for palm oil stock

M.P. Evans Group: why it may be turnaround time for palm oil stock

*

Oil palm plantations in Indonesia may not be your thing, but M.P. Evans (AIM:MPE) is starting to look over-sold in our view. This is a not inconsiderable stock with a market cap of GBP 537m and it is trading at a relatively low PE ratio for what you get. We are adding it to our longer term  buy & hold portfolio this week.

While the share price is most definitely down - stock has slipped from 1070p to 930p, the stock is picking up some more momentum again. The price of palm oil has also slipped recently down to around the MYR 5,500 level, Indonesia has announced an export acceleration scheme to ship at least 1m tonnes of crude palm oil and derivatives, as well as slashing its maximum export tax rate and levy for crude palm oil. In the rest of this article we look more closely at the prospects for  M.P Evans and why we like it.

 

The rest of this page is for members only. Please log in below or visit the registration page for Armchair Trader+ to see the benefits of becoming a member.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader+ for further details on the benefits of becoming a member.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Pepperstone
FP Markets
IG
Spreadex
WisdomTree
ActivTrades
Back To Top