SARAWAK PLANTATION BHD
KLSE (MYR): SWKPLNT (5135)
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Last Price
2.23
Today's Change
+0.05 (2.29%)
Day's Change
2.23 - 2.23
Trading Volume
20,000
Financial
Market Cap
Market Cap
624 Million
NOSH
280 Million
Latest Quarter
Latest Quarter
30-Jun-2024 [#2]
Announcement Date
23-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
27-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
34.74% | 55.20%
T4Q Result
Revenue | NP to SH
590,652.000 | 80,630.000
RPS | P/RPS
210.95 Cent | 1.06
EPS | P/E | EY
28.80 Cent | 7.74 | 12.91%
DPS | DY | Payout %
9.97 Cent | 4.47% | 34.61%
NAPS | P/NAPS
2.78 | 0.80
QoQ | YoY
12.79% | 55.14%
NP Margin | ROE
13.75% | 10.36%
F.Y. | Ann. Date
30-Jun-2024 | 23-Aug-2024
Latest Audited Result
Latest Audited Result
31-Dec-2023
Announcement Date
25-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
25-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Annual (Unaudited)
Revenue | NP to SH
570,676.000 | 64,443.000
RPS | P/RPS
203.81 Cent | 1.09
EPS | P/E | EY
23.02 Cent | 9.69 | 10.32%
DPS | DY | Payout %
9.97 Cent | 4.47% | 43.30%
NAPS | P/NAPS
2.67 | 0.83
YoY
-33.37%
NP Margin | ROE
11.36% | 8.62%
F.Y. | Ann. Date
31-Dec-2023 | 26-Feb-2024
Annualized Result
Revenue | NP to SH
517,564.000 | 89,538.000
RPS | P/RPS
184.84 Cent | 1.21
EPS | P/E | EY
31.98 Cent | 6.97 | 14.34%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
17.37% | 56.63%
NP Margin | ROE
17.46% | 11.50%
F.Y. | Ann. Date
30-Jun-2024 | 23-Aug-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Continuous Quarters Of Adjusted EPS Growth | 2 / 4 | 50.00% | 2 / 8 | 25.00% |
| Total Dividend Years | 2 / 4 | 50.00% | 4 / 8 | 50.00% |
| Continuous Quarters Of Dividend | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Average ROE | 2.64% | 2.21% | ||
| Average Net Profit Margin | 14.04% | 11.84% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 9 / 10 | 90.00% |
| Continuous Quarters Of Positive Profit | 5 / 5 | 100.00% | 6 / 10 | 60.00% |
| Continuous Quarters Of Profit Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 8 / 10 | 80.00% |
| Continuous Quarters Of Dividend | 5 / 5 | 100.00% | 6 / 10 | 60.00% |
| Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | 11.11% | 7.28% | ||
| Average Net Profit Margin | 12.09% | 8.81% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 590,652 | 517,564 | 570,676 | 470,345 | 577,078 |
| NP to SH | 80,630 | 89,538 | 64,443 | 47,662 | 74,178 |
| Dividend | 27,903 | 27,903 | 27,903 | 19,148 | 30,721 |
| Adjusted EPS | 28.80 | 31.98 | 23.02 | 17.02 | 26.49 |
| Adjusted DPS | 9.97 | 9.97 | 9.97 | 6.84 | 10.97 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 3.25% | 3.23% | 8.36% | -10.97% | -8.50% |
| NP to Owner | 34.74% | 55.20% | 56.63% | 27.48% | 55.03% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adjusted EPS | 34.74% | 55.20% | 56.63% | 27.48% | 55.03% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.50% | 2.35% | 25.58% | -9.31% | -10.31% | 10.04% | -19.73% | -1.11% | 21.33% |
| NP to Owner | 25.12% | 8.70% | 69.17% | 38.94% | 20.71% | 87.86% | -33.37% | -13.12% | 35.21% |
| Dividend | 0.00% | -9.17% | 45.72% | 0.00% | -9.17% | 45.72% | -33.33% | -9.17% | 45.72% |
| Adjusted EPS | 25.12% | 8.70% | 69.17% | 38.94% | 20.71% | 87.86% | -33.37% | -13.12% | 35.21% |
| Adjusted DPS | 0.00% | -9.17% | 45.72% | 0.00% | -9.17% | 45.72% | -33.33% | -9.17% | 45.72% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
4 people like this. Showing 50 of 1,051 comments
OMG...what is happening now !!!...
Keyman188 still maintaining to see KLCI @ 13xx for this year (2022)...
Very high possibility will drop below RM 1.90 soon...
wkwkwk...kekeke...hehehe...
2022-06-19 10:34
It seems the price has dropped back to the value for money level and going through consolidation.
2022-06-20 18:39
current price RM 2 is reasonable.. i think due to urusharta or someone pressing price down but it should be the last leg.
even taan bought 30%, few years ago at RM 2..
2022-06-24 09:33
All the way sliding down to 2.02 without any brakes. Buy plantation to hedge inflation? May be this logic doesn't make sense while surrounding with the bad sentiments.
2022-06-24 12:31
Swkplant has become another good dividend paying share to hold for your retirement and now with its share price of RM2.00 (from high of RM3.38), I don't want to ask why & why especially when Average CPO Price is moving between RM4.0K/ton to RM6.0K/ton.
2022-06-24 21:46
Agree Steve. Warren Buffett says stock market is the only place where people run out when there's a sale! Completely irrational. Most don't have the mentality and aptitude for investing.
2022-06-25 10:46
IPO price was RM3 back in 2007. Making money with dividend every year with record profit this year. Of course we hope to buy it cheaper but at current price is already a steal. Stock market is really heaven for savvy and deep pocket investors. All they have to do is buy good undervalued shares, collect dividends and wait. Let good people manage the company for them. Just like Warren Buffett. Piece of cake.
2022-07-26 16:07
Is Q2 earning bad ? I don’t think so.
Q2 earnings is affected by about $11 mil charged in fair value change in biological assets which is non cash. , non operating but merely accounting for unharvested crops.
Without considering this , EPS could have been about 14sen instead of 10.75sen.
2022-08-27 10:01
EPS 1H 26.28sen
Forecast FY2022. 48sen.
Prospective PE only 4.6x is ridiculously undervalued.
2022-08-27 10:06
Swkpltn should at least pay 10sen interim dividend lah. Taann is paying 15sen 3rd interim!
2022-08-29 17:35
Downgrade sarawak plant below rm 1.60
Sell call 2.13-2.17
30/8/2022
10.57pm
2022-08-30 22:57
Looking at Ta ann"s result and dividend, looks like they may have neglected and dianak tirikan SWKPLT. Sarawak state govt, are you watching? Time to find somebody else to manage the company. Your 25.5% stake may not be well taken care of.
2022-09-01 09:09
10 sen dividend announced ex-date 22 Dec 22 and payment date 19th Jan 2023 just before CNY.
2022-11-29 13:00
MANAGEMENT REVIEW & ANALYSIS
BY THE EXECUTIVE DIRECTOR
OVERVIEW OF BUSINESS AND OPERATION
Core Businesses
Oil Palm Plantation and Mill Operation
Sarawak Plantation Group’s principal businesses are
cultivation of oil palm and processing of fresh fruit bunches
(FFB) into crude palm oil (CPO) and palm kernel (PK). The
oil palm business has two core operations, namely estate
operation and mill operation. This contributes over 99% of
the Group’s revenue and earnings. The Group owns 13 oil
palm estates with total land bank of 42,185 hectares (ha).
SARAWAK PLANTATION BERHAD | ANNUAL REPORT 2022 27
In the year under review, the total plantable hectarage
was 35,656 ha. In addition, the Group also has another
estate with the size of 412 ha (planted 405 ha) under a
joint venture with one of the Sarawak State Agencies.
The Group owns and operates 2 palm oil mills located
at Niah and Mukah, respectively. During the current
financial year, Niah Palm Oil Mill’s capacity was
expanded from 60 metric tonne per hour (mt/hr) to
80 mt/hr, leading to the Group’s total milling capacity
of 140 mt/hr.
2023-04-20 14:31
After underperfoming for many years, the ROE of Sarawak Plantation (SWKPLNT) managed to overtake that of KLK in 2019. It peaked in 2021 and then began to go below that of KLK in 2022. https://i.postimg.cc/sXnFvbf0/SWKPLNT.png
SWKPLNT share price seemed to mirror the ROE performance since 2019. You can see the share price peaking in 2021 and is today below the 2021 peak.
From a ROE perspective, SWKPLNT was not able to consistently outperform KLK, my reference Bursa plantation company. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html
Given the mirroring feature of the share price, I am not sure that this is a counter worth digging further into. From a value investing perspective, I will dig further if the price drops to the 2018 level. Then I am confident that there will be a margin of safety.
2024-01-23 12:03
MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
SARAWAK PLANTATION BERHAD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description
The information below shows the production figures of Sarawak Plantation Berhad for the month of January 2024
PRODUCT METRIC TONNE
FFB 24,665.55
CPO 9,980.72
PK 2,157.94
https://www.klsescreener.com/v2/announcements/view/6352509
2024-02-06 13:58
MIDF Amanah Investment Bank Bhd (MIDF Research) said “On a yearly basis, Sarawak Plantation’s 2QFY24 profit after tax, amortisation (PATAMI) were stronger driven by better upstream performance with higher operating profit of RM24.1 million (up 70.8 per cent y-o-y) recorded, underpinned by higher CPO ASP (RM4,007 per tonne; up5.6 per cent y-o-y) and better FFB output (up 16.0 per cent y-o-y).”
It explained that profitability for estate jumped by double-digit growth to RM21.4 million (+75.0 per cent y-o-y), mainly attributed by the elevated average selling price CPO and palm kernel (PK) realised of RM4,007 per metric tonne (+5.6 per cent y-o-y) and RM2,253 per metric tonne (+20.7 per cent y-o-y), respectively.
1 month ago
Market Cap = 614m,
Total Liabilities = 223m,
Biological Assets = 72m,
Total Current Assets = 306m,
Total Harvestable Area = 19507Ha,
Enterprise Value per Ha = ( 614m + 223m +72m -306m ) / 19507Ha = RM31,000 / Harvestable Ha.
Very Cheap.
1 month ago
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what happen drop like no tomorow..
2022-06-16 16:15