Koon Yew Yin's Blog
Plantation stocks comparison update - Koon Yew Yin
Koon Yew Yin
Publish date: Mon, 04 Apr 2022, 08:56 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
Due to the historical high CPO price, all the plantation stocks have been going up quite rapidly in the last few months. As I said before, no shock can continuously go up for whatever reason. After some time, it will drop. In the last few weeks, most of the plantation stock prices have been dropping. It looks like the price correction is over.
But today all the plantation stocks continued their upward trend. Today every plantation stock went up and no one dropped in price.
Due to the current Ukraine-Russia conflict, the prices for sun-flower and corn oil have gone up which is helping to push up our CPO price. Moreover, the Indonesia Government imposed 20% export restriction for CPO to help local consumers. As shown on the CPO price chart above, CPO price started to go up about 2 years ago.
Among all the stock selection criteria such as NTA, dividend yield, cash flow, debt or healthy account etc the most important consideration is profit growth prospect.
The comparison below shows which plantation stocks have better profit growth prospect.
|
Name |
Price |
Latest EPS |
Price ÷ EPS |
|
Teck Guan |
Rm 1.86 |
42.98 sen |
4.3 |
|
Subur |
Rm 1.60 |
16.15 sen |
9.7 |
|
Cepatwawasan |
Rm 1.05 |
7.74 sen |
13.6 |
|
SOP |
Rm 5.40 |
36.44 |
14.8 |
|
Sarawak Plant |
Rm 2.69 |
18.0 sen |
15.0 |
|
MHS |
Rm 1.23 |
7.71 sen |
16.0 |
|
Jaya Tiasa |
96 sen |
5.28 sen |
18.4 |
|
Hap Seng |
Rm 2.62 |
11.79 sen |
22.0 |
|
Ta Ann |
Rm 5.32 |
11.79 sen |
22.0 |
|
Boustead Plant |
Rm 1.01 |
3.80 sen |
26.6 |
Note: Sarawak Plantation reported 11.66 sen EPS because the company wrote down asset value by Rm 11 million. But my above calculation is based on no write down of asset value.
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Discussions
Be the first to like this. Showing 20 of 20 comments
Dun be conned. Tecguan Q3 revenue only RM27m while its inventory was RM121m. It was purposely held back for better price in Q4. All cheap stock was sold in Q4 thus it recorded RM325m in Revenue while stock dropped to RM47m. Next qtr profit will drop.
2022-04-04 23:23
The selldown of Jtiasa on 30/3/2022 done by KYY.
KYY tak bolih percaya totally.
Dia sudah swap to lain palm oil stock.
May be Tecguan, Subur atau Cepat.
2022-04-05 10:00
Teck Guan negative cash flow. Be careful ! At present plantation stocks mostly positive cash flow.
2022-04-05 10:07
Haha.. TDM and Jtiasa no more the cheapest plantation stocks? Now Teck Guan ? What is next ?
2022-04-05 16:33
Indonesia has lifted the export restriction of palm oil 3 weeks ago. This old cun simply just BS without any fact check.
2022-04-05 19:18
Teck guan is not a pure plantation play. More on cocoa plus fertiliser trading.
2022-04-05 22:39
Cepat is better 4 cents dividend coming and next quarter EPS most likely another 7 cents.
2022-04-06 09:19
all the shallow-minded people bashing kyy haha. yes he is wrong (sometimes intentionally) 90% of the time but you need to be objective. teck guan is in that 10%.
2022-04-06 11:10
Viva Uncle KYY....the 2nd king promoter of plantations after sifu calvin loh!
2022-04-06 11:36
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SOP, Hap Seng and Taann had asset revaluation as well. Taken all these into account?
2022-04-04 21:00