I am expecting a good Quarterly Report (QR) (expected to release in Feb) for CAMRES.
Manufacturing and trading of kitchen products: Might get slight boost as we are slowly moving away from the grip of COVID-19 with the help of vaccines. Electric Appliances Manufacturers / Traders i.e. KHIND, PENSONI saw a huge jump in sales volume and profit margin in the past few quarters due to backlog demand from the start of the pandemic. We may expect some similar effect for kitchenware in next few QRs.
Palm Oil Mill operation seems profitable with CPO price hitting highs and staying up there until today. We can expect good earnings from the segment as proven in previous QR [all time highest revenue and profit after tax (PAT)].
Renewable Energy plant are up and running at full capacity and will continue to generate high margin profit for the company.
Optimistic Scenario:
EPS for last quarter = MYR0.0254 Annualized EPS = MYR0.0254 x 4 = MYR0.1016 Price / Earning Ratio (PE) = MYR0.395 / MYR0.1016 = 3.88x (Very Attractive)
Calculated based on 8/2/2021 closing price at RM0.395.
except Q3 2020, the mfg and trading of kitchen product segment are in the red or very small profit for the past quarters.I am doubtful if this segment can contribute good quarter result again in Q4 2020. The management team should consider disposing this segment and focus on Palm oil mill and renewable energy operation. For the estimation of coming Q4 result, to be conservative, should assume profit contribute from palm oil mill and renewable energy only, so EPS roughly 1.4 sen per quarter.
Dear Chuatuanboo, Q3 2020 reported losses under Manufacturing And Trading of Kitchen Products. Please re-view.
You are trying to exclude earnings from the segment??? How? Its red already. The profit after tax is contributed by Palm Oil Mill and Renewable Energy alone in Q3 2020 which I expect to continue and we hope that Kitchen Product Segment turn green or cut loss in Q4 2020.
How did you get EPS 1.4sen per quarter? Please explain. Thank you. Hmm..
just my personal opinion that this segment may incur small LBT of 0.5m to 0.7 in Q4. . PBT for palm and energy can maintain as per Q3. This is just an estimation, not supporting by any data. I just want to express my view that the good financial result in Q3 (eps 2,54 sen) unlikely to be repeated in Q4 again.
Dear chuatuanboo, the point is, the good financial result in Q3 (EPS 2.54sen) happened WITH losses before tax (LBT) of RM0.8m under Kitchen Products. WITH! a LBT under kitchen products. Meaning after counting in the LBT, EPS was still good at 2.54sen (LBT counted in!) in Q3. I still hold on to my expectation of a similar EPS for Q4. Anyways, lets just wait for the QR. Cheers.
Dear benny, volume for the drop is so low, meaning no one is desperate to sell off. Just need QR to drop, then only can conclude anything. Wait la bro. Patience.
Ubull717, what's your interest in other's wellbeing? Haha. Social service? or just Fake News? Who knows? Perhaps you are the one queuing low there to buy.
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thesteward
6,782 posts
Posted by thesteward > 2021-01-29 17:38 | Report Abuse
If this time another good result this one will be superb ! Don’t understand why it is still trading so low . Let’s eee