There was a small price pullback in the early morning to about $6.30. The profit taking was again very well absorbed and the share price went higher to $6.68 at the close. A 38 sen gain from the low of the day. I guess investors see that SOP is still relatively cheap in term of its robust earnings prospect, strong balance sheet and management capabilities.

Sg_tan, you must be dreaming. Hehe..
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John, the earning will not be RM1.10 per share... the earning could be RM3 per share

Mr OTB,

Fully agreed with you that share price can not go up in straight line. There were intermitent pullbacks in the past 2 weeks. The pullbacks were very well absorbed. We don't see a major correction is probably due to the fact SOP is still trading at single digit PE at today's price.
SOP made about 90sen in FY based on realised CPO price of averaging $4,500.
In the very likely event of CPO achieving above $5,500 for FY2022, SOP shall make an estimated $1.10 profit per share (CPO physical is $7,900 yesterday).
Forward PE is therefore very undemanding.
I don't think there is major correction until the price go further 20-30% higher.
Just my gut feeling to share.

Taann's price is lagging behind. It should leap to catch up any time soon.

Bplant share price is lagging behind. It is time to take a big leap forward now.

More soya and corn farmers in US and Europe will shift to planting wheat as wheat return is better especially farmers are facing shortage of fertilizer and glyphosate . There is no hope of getting more edible oil from next season.
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SINGAPORE/LONDON (March 2): The world's staple grains extended their blistering rally as Russia's war on Ukraine stifles shipments from some of the biggest suppliers.

Wheat futures rocketed past US$10 a bushel for the first time in more than a decade, and corn leapt to a nine-year high. Soybean oil also hit a record. That is giving fresh impetus to accelerating global food inflation, while the turmoil unleashed by Russia's invasion has the potential to dislocate markets for years to come.

The supply disruptions are likely to spill over into the next season, and potentially for even longer. Ukrainian farmers ? many engaged in the defence of their country ? appear unlikely to plant spring crops as usual, and Russia is facing sweeping penalties on its financial system. Plus, infrastructure is being damaged in the midst of the war.

More soya and corn farmers in US and Europe will shift to planting wheat as wheat return is better especially farmers are facing shortage of fertilizer and glyphosate . There is no hope of getting more edible oil from next season.
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SINGAPORE/LONDON (March 2): The world's staple grains extended their blistering rally as Russia's war on Ukraine stifles shipments from some of the biggest suppliers.

Wheat futures rocketed past US$10 a bushel for the first time in more than a decade, and corn leapt to a nine-year high. Soybean oil also hit a record. That is giving fresh impetus to accelerating global food inflation, while the turmoil unleashed by Russia's invasion has the potential to dislocate markets for years to come.

The supply disruptions are likely to spill over into the next season, and potentially for even longer. Ukrainian farmers ? many engaged in the defence of their country ? appear unlikely to plant spring crops as usual, and Russia is facing sweeping penalties on its financial system. Plus, infrastructure is being damaged in the midst of the war.

More soya and corn farmers in US and Europe will shift to planting wheat as wheat return is better especially farmers are facing shortage of fertilizer and glyphosate . There is no hope of getting more edible oil from next season.
????????-
SINGAPORE/LONDON (March 2): The world's staple grains extended their blistering rally as Russia's war on Ukraine stifles shipments from some of the biggest suppliers.

Wheat futures rocketed past US$10 a bushel for the first time in more than a decade, and corn leapt to a nine-year high. Soybean oil also hit a record. That is giving fresh impetus to accelerating global food inflation, while the turmoil unleashed by Russia's invasion has the potential to dislocate markets for years to come.

The supply disruptions are likely to spill over into the next season, and potentially for even longer. Ukrainian farmers ? many engaged in the defence of their country ? appear unlikely to plant spring crops as usual, and Russia is facing sweeping penalties on its financial system. Plus, infrastructure is being damaged in the midst of the war.

Based on conservative forward PE 10x , SOP should fetch more than $10/-

This is what the IBs been saying for 2 years . Yet CPO break new record so often . There must be fundamental reason why it is so .
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Posted by apple168 > 2 hours ago | Report Abuse

Such high price of palm oil price is not sustainable! Soon will go into long hibernating cycle again.

Bursa may see good time again if EPF channeling billions into market.
KUALA LUMPUR, March 2 ? The Employees Provident Fund (EPF) intends to increase investment in various domestic asset classes in 2022 in line with the reopening of economies and businesses in the country.

Chief executive officer Datuk Seri Amir Hamzah Azizan said as a major investor in Malaysia?s financial markets, this would help catalyse economic activity and assist in the recovery of the economy.

KUALA LUMPUR, March 2 ? The Employees Provident Fund (EPF) intends to increase investment in various domestic asset classes in 2022 in line with the reopening of economies and businesses in the country.

Chief executive officer Datuk Seri Amir Hamzah Azizan said as a major investor in Malaysia?s financial markets, this would help catalyse economic activity and assist in the recovery of the economy.

Bstead will have its day too. Just be abit more patient.

Titan, thank you for selling your Taann to us yesterday cheaply. You are such a kind fellow. Hehehe..
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Posted by Johnzhang > 1 day ago | Report Abuse

Just bought 120,000 share at $4.93 this morning.
Can?t go wrong for a share that earned over 70 sen /share last year.

Youngkid, you may not be aware that WTK is still very small in palm oil revenue. I wonder if you are switching to WTK is for its palm oil business? Pls read the financial report to get a clear picture.

Posted by Youngkid > 10 minutes ago | Report Abuse

Today only I confirmed going up for WTK , I sold Jtiasa n TSH just now to sapu WTK

Sit tight and don?t fall off from your chair. CPO March is heading to $9,000.

Nothing wrong with steel companies fundamentally. I think investors may be switching out to sectors that benefitted the most from Ukraine-Russia war like upstream oil producers, CPO producers etc. They can always come back to steel later.

I think metal stocks can't perform even earning is decent, though not fantastic , is due to investors switching out to sectors that benefitted the most from Ukraine-Russia war like upstream oil producers, CPO producers etc.

amid heighten risk, you must go back to fundamentals to pick your stock . Check its EPS, PE, DY etc...

FCPO Mar $8,170, Apr $7,435,
The exceptionally high premium for March and Apr delivery is due to international buyers scrambling to cover their edible requirement against hiccup of sunflower oil shipments from black sea.
One of the biggest beneficiaries is Taann who sell their production on spot or current month basis. T

FCPO Mar $8,170, Apr $7,435,
The exceptionally high premium for March and Apr delivery is due to international buyers scrambling to cover their edible requirement against hiccup of sunflower oil shipments from black sea.
The biggest beneficiary is SOP who now sell their production on spot or current month basis.
Earnings for FY2022 is going to be explosive!

FCPO Last done price on 1/3/2022 : Mar $8,170, Apr $7,435, May $6,749, Jun $6,265
The exceptionally high premium for March and Apr delivery is due to international buyers scrambling to cover their edible requirement against hiccup of sunflower oil shipments from black sea.
The big beneficiaries are Malaysia based plantations who sell their production on spot or current month basis. These companies are Cepat, MHC, Bplant, Swkplant, Hsplant, SOP, Taann, KMloonhg.
You may already know that these companies average realised CPO prices for last year were very close to Spot Market prices reported by MPOB which was $4,417 for FY2021.
Average realized price for FY2021 for Cepat/MHC was $4,427, Bplant $4,341, Swkplant $4,389, Hsplant $4,416, SOP $4,564, Taann & KMLoong about $4,400.

FCPO Last done price on 1/3/2022 : Mar $8,170, Apr $7,435, May $6,749, Jun $6,265
The exceptionally high premium for March and Apr delivery is due to international buyers scrambling to cover their edible requirement against hiccup of sunflower oil shipments from black sea.
The big beneficiaries are Malaysia based plantations who sell their production on spot or current month basis. These companies are Cepat, MHC, Bplant, Swkplant, Hsplant, SOP, Taann, KMloonhg.
You may already know that these companies average realised CPO prices for last year were very close to Spot Market prices reported by MPOB which was $4,417 for FY2021.
Average realized price for FY2021 for Cepat/MHC was $4,427, Bplant $4,341, Swkplant $4,389, Hsplant $4,416, SOP $4,564, Taann & KMLoong about $4,400.

Considering that Bplant's FY2021 EPS of about 11sen is achieved based on CPO realised price of $4,341, FY2022 earning will blow your mind if average realised CPO price is $6,000! Don't forget the 15sen/share capital gain realised in Jan 2022 for Kulai land sales. More asset monetisation to come this year.

FCPO Last done price on 1/3/2022 : Mar $8,170, Apr $7,435, May $6,749, Jun $6,265
The exceptionally high premium for March and Apr delivery is due to international buyers scrambling to cover their edible requirement against hiccup of sunflower oil shipments from black sea.
The big beneficiaries are Malaysia based plantations who sell their production on spot or current month basis. These companies are Cepat, MHC, Bplant, Swkplant, Hsplant, SOP, Taann, KMloonhg.
You may already know that these companies average realised CPO prices for last year were very close to Spot Market prices reported by MPOB which was $4,417 for FY2021.
Average realized price for FY2021 for Cepat/MHC was $4,427, Bplant $4,341, Swkplant $4,389, Hsplant $4,416, SOP $4,564, Taann & KMLoong about $4,400.

Cepat make 16.4 sen/share for FY 2021 on the back of realised CPO price of $4,427.
Can you imagine how explosive the earning for FY2022 can be even if CPO average price is going to be $6,000 !

FCPO Last done price on 1/3/2022 : Mar $8,170, Apr $7,435, May $6,749, Jun $6,265
The exceptionally high premium for March and Apr delivery is due to international buyers scrambling to cover their edible requirement against hiccup of sunflower oil shipments from black sea.
The big beneficiaries are Malaysia based plantations who sell their production on spot or current month basis. These companies are Cepat, MHC, Bplant, Swkplant, Hsplant, SOP, Taann, KMloonhg.
You may already know that these companies average realised CPO prices for last year were very close to Spot Market prices reported by MPOB which was $4,417 for FY2021.
Average realized price for FY2021 for Cepat/MHC was $4,427, Bplant $4,341, Swkplant $4,389, Hsplant $4,416, SOP $4,564, Taann & KMLoong about $4,400.

CPO March hit $7750 this noon! All plantations are laughing to the banks!

CPO March hit $7750 this noon! All plantations are laughing to the banks!

CPO March hit $7750 this noon! All plantations are laughing to the banks!

CPO March hit $7750 this noon! All plantations are laughing to the banks!

CPO March hit $7750 this noon! All plantations are laughing to the banks!
01/03/2022 1:10 PM

CPO March hit $7750 this noon! All plantations are laughing to the banks!

KUALA LUMPUR (March 1): Ta Ann Holdings Bhd emerged as the top loser on the local bourse on Tuesday (March 1) morning after it dropped as much as 63 sen or 11.48% to RM4.86.

At 10.05am, the stock traded 50 sen or 9.11% lower at RM4.99, valuing the timber and oil palm player at RM2.22 billion.

At the time of writing on Tuesday, it was unclear what was driving the share price lower.

However, some industry observers believe it could be profit-taking as for the past month, the share price has rallied by 37.4% from RM3.61 reported in early February.

On another note, PublicInvest Research maintained its "outperform" call on the group, with an unchanged target price of RM5.96.

THplant was sold down from about 90sen to 83 sen after the so called ‘disappointing’ QR last week. Look at what happened to THplant now. It has gone up 30% from the sold down price of 83sen!

Those who panic sell without understanding the fundamentals will regret!

Just bought 120,000 share at $4.93 this morning.
Can’t go wrong for a share that earned over 70 sen /share last year.

Why is this guy so pessimistic or is he ignorant ?
Or may be he has sold large volumes forward at low prices?
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KUALA LUMPUR, Feb 28 — FGV Holdings Bhd has projected the price of crude palm oil (CPO) to trade at RM3,500 per tonne throughout this year.

Group chief executive officer Mohd Nazrul Izam Mansor said CPO prices are sustainable given the supply dynamics had normalised.

Titan3322, no need to try finding bone in the eggs (that’s a good Chinese saying). Hahaha
You will not make the best return by so doing . Just like you have always been very skeptical that Taann can reach the price today which led you started selling down from $3.30. Just be very objective in analyzing TaAnn’s financial reports.

MHC will surpass TSH's share price very soon

It will naturally perform well when the main subsidiary like Bplant, Pharma and Affin do well. Share price will reflect the good results.

Good QR. best yet to come.

Result is within my expectation after considering the loss in fair value change .
Q4 2021 EPS is 21.8 sen.
Loss in fair value change is 19.6 mil or 4.45sen/share.
Earning Q4 without loss in fair value change is about 21.8 + 4.45 = 26.25 sen/share.
FY2021 is 71.38 sen is not bad at all.
based on historic PE of 15X, share price should be $10.70.
based on foward PE of 15X, share price is much higher.

Freefloat share is very small. Price should have big room to go up.
Based on avg realised price of $5,500 for FY2022, I estimated EPS to be 20 sen. Based on forward PE 15x, share price should be $3.00

Urusharta's CEO ought to be sacked!

In a bull market, SOP should fetch PE of 15x.
based on historic EPS of 90 sen (FY2021), share price should be $13.50
based on forward EPS of $1.10 (FY2022 est), share price should be $16.50
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Posted by Johnzhang > Feb 28, 2022 9:54 AM | Report Abuse X

I expect SOP to break $8 soon.
EPS FY2021 is almost 90 sen on the back of realised CPO price at about $4,500.
Forecast EPS FY2022 based on $5,500 CPO assumption will be $1.10.

here you go! cepat is catching up.
FY2021 EPS of 16.40 sen achieved based on CPO realised price of $4,400 and forecast EPS FY2022 of about 21 sen based on avg CPO of $5,500 .
Cepat's fair value :
Based on historic PE 15x, price is $2.46
Based on forwartd PE 15x, price is $3.15

shiby,
I have already explain in above what is biological assets. For oil palm plantation, they are the unharvested/unripen FFB still on the palm trees.

FFB takes about 5.5 months from flower formation to become mature FFB. Oil synthesis in the fruitlets begin a couple of months before they are ripen for harvesting. As such, some plantation has the practice to book the CPO in those unripen/unharvested FFB between 1-3 months before the FFB ripen for harvesting.

In the case of THpLANT, it used to booked in advance for the CPO in the fruits that are 3 months before ripening/harvesting and therefore recorded higher biological assets (and hence profit in P&L) than those company who only book for 1 month before harvesting.

In Q4 2021, THplant change the accounting treatment to book for 1 month before ripening/harvesting which is in line with other company As a result, the company have to reverse the higher biological assets booked in previous qtrs and resulting considerable accounting loss in fair value change in biological assets .

Posted by shiby > Feb 28, 2022 12:13 PM | Report Abuse

hmm i am still holding.what is this biological asset mark down. can anyone explain?.

Biological assets are AGRICULTURE PRODUCE that are unharvested (because yet to achieve maturity) . Once they are harvested, they become inventory.

Example :
1 oil palm plantation - unharvested/immature FFB on the palm trees
2.Poultry - all livestocks at various ages before maturity
3.Forestry - all the timber trees in the plantation forest yet to be harvested.

land and the palm tress are not Agriculture produce. Land and palm tress are fixed asset in the balance sheet.

every dog has its day. Just be patient for a little while.