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Overview
Financial Highlight
HeadlinesBusiness Background Sarawak Plantation Bhd is an investment holding company. It is engaged in the cultivation of oil palm and processing of fresh fruit bunches oil palm into crude palm oil and palm kernel. Other businesses include seed production, cattle integration, provision of laboratory and management services and property investment. The group has three reportable segments: Investment holding; Oil palm operations and Management services and rental. Sarawak generates most of its revenue from Oil palm operations.
  Johnzhang 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. 27/08/2022 10:01 AM Johnzhang EPS 1H 26.28sen Forecast FY2022. 48sen. Prospective PE only 4.6x is ridiculously undervalued. 27/08/2022 10:06 AM Johnzhang Swkpltn should at least pay 10sen interim dividend lah. Taann is paying 15sen 3rd interim! 29/08/2022 5:35 PM  Michael Kwok Downgrade sarawak plant below rm 1.60 Sell call 2.13-2.17 30/8/2022 10.57pm 30/08/2022 10:57 PM lionel messi 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. 01/09/2022 9:09 AM 8888_ 10 sen dividend announced ex-date 22 Dec 22 and payment date 19th Jan 2023 just before CNY. 29/11/2022 1:00 PM 5354_ 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. 20/04/2023 2:31 PM Dehcomic01 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. 23/01/2024 12:03 PM 5354_ 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 06/02/2024 1:58 PM Johnzhang 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. 28/08/2024 6:54 AM i3gambler 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. 31/08/2024 10:47 AM I_like_dividend Palm oil surges to two-year high on firm exports and crude rally https://theedgemalaysia.com/node/732409 01/11/2024 11:00 PM HollowEcho Swk Plant seems like a hidden gem, especially with that solid QR and good dividends. If they’re performing well but still flying under the radar, it might be time to stack up while it’s cheaper! 04/11/2024 4:51 PM 5354_ Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record https://theedgemalaysia.com/node/735104 22/11/2024 9:55 PM i3gambler YTD EPS already 27 sen, Let assume Q4 EPS = 10 sen, then total EPS = 37 sen, As usual, most probably no more dividend for the current financial year, Pay Out ratio = 20 / 37 = 54%, Looking at SWKPLNT Cash position, 54% pay out ratio is reasonable. 23/11/2024 11:27 AM Unfair Kim Loong, SOP also CPO counters why traded at higher price despite lower dividend. 25/11/2024 9:13 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
