The big meow. I sell at cost price 35 cents.Seem Calvintaneng had bad luck.Some-more from Singapore. Mabel 11191 posts Posted by Mabel > Feb 12, 2021 12:44 AM | Report Abuse
The cold spell in USA driving up prices for soybeans ...and fcpo follows suit ...the food chain scarcity drives investors to buy up contract prices above the traded prices of cpo itself . The rush is on for the next week or so .., provides good support for the uptrend
KUALA LUMPUR (Feb 17): Kuala Lumpur Kepong Bhd (KLK) posted a net profit of RM357.41 million in its first quarter ended Dec 31, 2020 (1QFY21), more than double the RM167.2 million it recorded in the previous year’s corresponding quarter, driven by a jump in plantation earnings.
Revenue rose 5.45% to RM4.3 billion from RM4.08 billion, supported by growth in revenue across its manufacturing, plantation and property development segments.
Earnings per share (EPS) rose to 33.1 sen from 15.7 sen, its stock exchange filing today showed. No dividend payment was proposed.
The group said its plantation segment's profit surged 83.3% to RM288.9 million during the quarter, driven by improved crude palm oil and palm kernel prices, and better contribution from its processing and trading operations.
Its manufacturing segment's profit also grew 67.2% to RM133.7 million, largely contributed by its operations in China and Europe, coupled with an unrealised gain from fair value changes on outstanding derivatives contract of RM14.5 million.
Meanwhile, profit recognition from projects with better margins helped boost the group's property development segment by 62.2% to RM22 million.
Moving forward, the group expects its plantation profit to continue to improve in FY21, driven by buoyant CPO and PK prices, while its oleochemical division's performance — which has been satisfactory — is expected to be challenging.
“Overall, the group's profit for the financial year 2021 will be higher,” it said in a statement.
Shares of KLK closed 16 sen or 0.70% lower at RM22.76 today, valuing the plantation company at RM24.6 billion.
Based on above: KLK 4th quarter FFB drop 7% but profit surged 83.3% to RM288.9 million TDM 4th quarter FFB drop 5% but profit will be surged xx% to RMxx million (take your wild guess but logically will be minimum 50% from last quarter)
For those who are still on the fence and don't want to miss the boat to profit, just look at data above and most importantly current high CPO price from Jan 2021 until today which is at 10 year high. (almost 2 months into 1st quarter 2021)
Last Q report — 1.26 sen eps when cpo rm2600/t Coming report - 2.0 sen cpo rm3000/Ton Next report — 2.5 sen cpo rm3500/ton Following report - 2.5 sen cpo rm3500/Ton 7.76 sen for 4 quarters .. x 15 PE 116 sen TP end of year 2021
KUALA LUMPUR (Feb 18): Sime Darby Plantation Bhd swung back into the black for the fourth quarter ended Dec 31, 2020 (4QFY20), posting a net profit of RM149 million, from a net loss of RM58 million in the corresponding quarter last year.
It also ended FY20 in the black, registering a full-year net profit of RM1.19 billion, from a net loss of RM200 million a year prior. Full-year revenue was up 8% at RM13.08 billion, from RM12.06 billion in FY19.
In a bourse filing, the planter said the higher net profit in 4QFY20 was on account of higher crude palm oil (CPO) and palm kernel (PK) prices, as well as higher fresh fruit bunch (FFB) output. Furthermore, its downstream unit saw better earnings following better performances from its Asia-Pacific and European operations.
The planter declared final single-tier dividend of 5.42 sen per share for FY20, bringing the total dividend for the year to 9.44 sen. In FY19, the planter declared a one sen dividend.
Earnings per share (EPS) for the quarter stood at 2.2 sen, from a loss per share (LPS) 0.9 sen in 4QFY19. For FY20, EPS stood at 17.2 sen, from a LPS of 2.9 sen in FY19.
Quarterly revenue increased by 8% year-on-year (y-o-y) to RM3.64 billion from RM3.38 billion.
FFB production increased 2% y-o-y to 2.3 million tonnes in 4QFY20 from 2.26 million tonnes. The average CPO price for the quarter was up 19% to RM2,664 per metric tonne, from RM2,239 per metric tonne a year prior. PK prices were up 42% y-o-y at RM1,673 a tonne from RM1,176 a tonne. That being said, its CPO oil extraction rate was down at 21.35%, from 21.84% in 4QFY19.
Breaking down its results, the group noted that its upstream segment saw a profit before interest and tax (PBIT) of RM351 million from a loss before interest and tax (LBIT) of RM10 million in 4QFY19 following higher commodity prices and unrealised foreign currency gains due to the appreciation of ringgit and rupiah against US dollar.
Meanwhile, the downstream segment’s PBIT tripled to RM202 million from RM72 million a year prior due to stronger performances from its Asia-Pacific and European operations.
Sime Darby Plantation explained that the Asia-Pacific region benefited from the market price uptrend and premium from higher sales volume of Roundtable of Sustainable Palm Oil (RSPO) products which compensated for lower demand for bulk products.
Its refineries in Europe recorded improved sales margins due to higher selling prices and more stringent cost controls measures which compensated for the lower demand from restrictions placed by governments to contain Covid-19.
Both regions also registered fair value gains on commodity hedges as compared to significant fair value losses incurred in the same quarter last year.
In a separate statement, Sime Darby Plantation chairman Tan Sri Megat Najmuddin Megat Khas said the higher palm oil prices were a blessing for all industry players in what had been one of the most challenging years in recent history for the global economy.
“Sime Darby Plantation is encouraged with its overall significantly better financial performance in 2020 and the group is hopeful that it will be able to carry this through in the current financial year.
From nett loss RM58 million to net profit of RM149 million!!! SIME Darby also said the higher net profit in 4QFY20 was on account of higher crude palm oil (CPO) and palm kernel (PK) prices, as well as higher fresh fruit bunch (FFB) output.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
WealthSoWonderful
2,596 posts
Posted by WealthSoWonderful > 2021-02-12 03:58 | Report Abuse
Gong Xi Fa Cai!