Is good and easy to make profit in this commodity cycle. Beside this , there is super cycle on the way in the world.. and happening now. Jeff Brown , tech entrepreneurs and investor call it 'world ipo' worth quadrillion. Cut it short is called GTE stand for Global token exchange. Is a token and price is rising fast..... this token is much bigger than crypto currency to come( unrelated matter).
SOP's FY2021 EPS of 89.44sen is achieved on the back of average realised CPO price of $4,560. In the likely event of CPO price averaging $5,500 for FY2022, EPS will surge by estimated 30% . Forecast EPS for FY2022 is $1.16. Forward PE is therefore only 4.6X based on yesterday's closing. Damn cheap!
After this pullback, next price target is 7.30rm . As it progress and break prior high rm680 (1 yr). This is cross junction where tsunami super cycle waiting to unfold . Geopolitical tension between China n Taiwan kick in... Don't look down(scary huh) , look up and average up.... Huat.......ah. ( coffee talk only . Follow ur heart : sell mean sell n vice versa. )
Good year for downstream. Management indicated that the downstream segment’s performance has improved with very positive margins in FY21, on the back of higher prices as well as trading profits made during the year. However, its utilisation rate dropped to 80% from 90% in 2020, as focus was tilted more towards the upstream side – given SOP’s sensitivity to CPO prices.
FY21 unit cost was at MYR1,600/tonne, which was flattish YoY. This was likely due to lower fertiliser application and higher PK credits. Due to the labour shortage, management only applied 75% of its fertiliser requirements for FY21. Management anticipates that unit costs will be flattish YoY in FY22 despite rising fertiliser costs, as it is able to utilise some of the carriedforward FY21 fertilisers this year. SOP has contracted fertiliser prices for its 1H requirements, at 40-50% higher. We are more conservative, and have imputed a 10-15% YoY increase in unit costs in FY22.
If price can break the 6.80rm level Tell u - ur initial capital will double or triple ( coffee talk only) Just snipering for the right moment to topup... Huat ah....
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.
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 -------------------------------- 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.
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....
gemfinder
6,880 posts
Posted by gemfinder > 2022-02-24 23:25 | Report Abuse
Tomorow sop wil lead all plantations higher