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IOICORP is a solid defensive play with a strong balance sheet and disciplined management that avoids the typical ESG headaches of burning in Kalimantan, making it a reliable long-term hold for steady dividends.
Palm oil business is super cyclical one, but IOI got solid balance sheet and upstream strength, so keep for long term dividend collection quite safe lah.
Momentum for IOI is quite solid right now but you better be careful with that four forty resistance ceiling. Just wait for the price to break out properly before you start buying in more to be safe.
Solid momentum indeed but that four forty level is really acting like a damn wall for the stock right now. Better wait for clear breakout confirmation before you go all in so you no need to suffer later.