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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.


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

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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