Upgrade TP to RM3.10 (55% upside). After a very positive meeting with the management, we believe that FY21 could see yet another year of record high orders, building upon the RM490m all-time high order secured in FY20. SMIC has continued to award more jobs with the latest one secured in Dec 2020. Existing SMIC jobs at hand will keep the group busy till June, excluding on-going 2021 tenders. Being the incumbent, we believe KGB has the advantage in winning the 2021 bids which will consist of UHP hook-up in all four SMIC fabs. Its LCO2 plant’s utilisation recently picked up from 50% to 100% due to strong demand from Singapore, leading to higher ASP. Halal certification for its LCO2 is expected to be secured in a month’s time, facilitating its plan to penetrate the food and beverage segment. Hence, we believe there is room for more ASP hikes.

From affin

Inari reported its strongest-ever headline profit in 1Q FY21 underpinned by strong
demand for RF filters as its northern US-based smartphone client introduced 5G into
its entire model line-up this year. With clear order visibility over the next 2 quarters,
Inari is set to benefit from the 2.75x increase in its assembly capacity. *******Growth
catalyst is likely to come from its Korean smartphone brand and contribution from the
business in Philippines and its JV in the equipment business, which we have yet to
incorporate into our model.********We forecast a FY20-23E earnings CAGR of 49% and
recently raised our 12-month TP to RM3.33, based on 35x CY21E PER. Downside
risk: loss of market share by its key smartphone client.

https://www.gizmochina.com/2021/01/19/broadcom-supply-samsung-wifi-6e-galaxy-s21-ultra/

Banks and technology players were the key areas of foreign interests
The top three stocks that attracted foreign net buys were Top Glove, Public Bank and
Inari.

4 skid tanks are ready for export....co2

275m

In our recently meeting with Kelington Group, we noted that SMIC is still rushing the group to speed up on the delivery and hinted of more UHP-related jobs to be awarded in 2021.

Kelington’s orderbook hits RM490m with new RM118m contracts | https://www.klsescreener.com/v2/news/view/779747

Dont forget my 3.5 lol

2

Rm3.5

KUALA LUMPUR (Jan 9): Exports of Malaysian palm oil products for December rose 20.35% to 1,709,084 tonnes from 1,420,103 tonnes shipped during November, independent inspection company AmSpec Agri Malaysia said last week.

If cpo stay at 3000 for 2021. Sop earnings likely to hit 350 to 400m

Well done

Malaysian exports in December could climb to 1.6 million tons, the stronger shipments, as well as a likely reduction in production and stockpiles, are mostly priced in, Bagani said. The market is now looking at external factors, such as strikes by workers at soybean export plants in Argentina and market optimism related to the Covid-19 vaccine, he said.

Indonesia’s move to raise its export tax on crude palm oil for January may underpin the market, Bagani said.


Malaysia’s palm oil exports jumped 17% from a month earlier to 1.34 million tons during December 1-25 , according to cargo surveyor AmSpec Agri.

Nothing news

Industrial gas is the future

Hydrogen is the future. In March 2020.

Gan said the company is also looking to continue exploring opportunities in other gases such as nitrogen, hydrogen, oxygen and others. “We want to build our presence here in this market,” he added.

Apple aims to make 30% more iPhones in first half of 2021 - Nikkei

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN28P0EA

Good time will come just be patient

plantation stocks usually good run in beginning of the year.
q4 bull run just more on speculating...if FCPO bull effect sustainable and the effect spill over next year...the bull will start
2019 price drop after hit 4.2 bcos the above didnt happen.
this round...cpo bull due to structural changed (back by fundamental).
u guys can check the stock price of sop or any other plantation companies since 2010 and read together with fcpo.

80c

Armada real catalyst will be from loan restructuring
Now just small show

51 otw

announce during historical high QR ... possible otw

Relax...20c to 38c closed to 100% now dowm bit then sudden all so negative

NARI AMERTRON (INRI MK)
(TP: RM3.33) BUY
Inari reported its strongest-ever headline profit in 1Q FY21 underpinned by strong demand for RF filters as its northern US-based smartphone client introduced 5G into its entire model line-up this year. With clear order visibility over the next 2 quarters, Inari is set to benefit from the 2.75x increase in its assembly capacity. Growth catalyst is likely to come from its Korean smartphone brand and contribution from the business in Philippines and its JV in the equipment business, which we have yet to incorporate into our model. We forecast a FY20-23E earnings CAGR of 49% and recently raised our 12-month TP to RM3.33, based on 35x CY21E PER. Downside
risk: loss of market share by its key smartphone client.

Whats ur email

Just be patient. Sop is the most cheapest plantation stock in the industry

RHB

9M20 unit cost was at MYR1,600/tonne (from MYR1,700/tonne in FY19).
This marked improvement stemmed from SOP’s ongoing cost cutting
initiatives (via staff cuts and mechanization). In addition, SOP has applied
85% to 90% of its fertilizer requirements during 9M20 and, as such, we
expect unit costs to come down in the remaining 4Q20.


Higher downstream profit.
Given its downstream lead time of c.2 months,
SOP is likely to have captured feedstock at lower prices and this trading
profit further boosted the performance of its downstream operations.
Moving forward, we expect SOP to benefit from the pick-up in demand from
key markets as business operations resume post-lockdowns. Its biodiesel
capacity expansion to 200,000 tonne pa is expected to be completed in
FY21.

https://www.streetinsider.com/dr/news.php?id=17659630&gfv=1

rich valuation for swkplant. IF PBB cover SOP based on the valuation given to SWKPLANT I think TP for SOP would have easily double

Palm-oil-in-China-Consumption-growth-expected-in-food-sector-as-government-moves-to-phase-out-GM-soybean-oil

https://www.foodnavigator-asia.com/Article/2020/11/24/Palm-oil-in-China-Consumption-growth-expected-in-food-sector-as-government-moves-to-phase-out-GM-soybean-oil

No need 3000....stay above 2800 SOP can still hit 300M. 2800 to 3000 for 2021 possible

Anyone got affin hwang report on 25/11 for kgb?

Air....Be a dynamic investor in stock market...important is to make money

300 x 16 PE = TP8.4

https://www.feednavigator.com/Article/2020/11/24/La-Nina-and-global-stockpiling-could-cause-agri-commodity-prices-to-increase-in-2021

MIB

BIMB's very contradict with their earnings upgrade.

Our call. Maintain TP of RM4.30 (based on P/BV of 1.0x and SOP’s FY21
BV/share) with revised earnings forecast for FY20/FY21 to RM222m and
RM292m respectively from RM154m and RM193m previously, as we
adjusted lower our costs of sales and tweaked our FFB processed and
CPO production number lower with higher ASP of palm product
anticipated. SOP’s share price has risen by 104% since its lowest in
March and we now see the stock reaching closer to our valuation with
an upside of 8.6% from current price. Hence, we changed our
recommendation from BUY to HOLD. Accumulate on weakness.

FY20E: Poised to deliver one of its highest PATMI in history

The above expected 3Q20 core PATMI was driven by high CPO ASP, decent downstream contribution, and lower-than-expected unit cost. While 4Q20 PATMI are likely to be lower QoQ on weaker output, and higher cost and taxes, SOP will nonetheless end the year posting one of the highest PATMI in its history. Following our EPS upgrades, we raise our TP to MYR5.36 on 15x 2021 PER peg, its updated historical 5Y mean. Trading at just 11x FY21 PER and adj. EV/ planted ha of MYR23,000, SOP remains a BUY.

this is a growth fully integrated plantation company cash reserve for capex. whereas sarawak plantation is a pure upstream small plantation company

Not liquid...if share bonus. Sure attract investors

Can someone share the agm update.

How was the agm