Jasper Coo
2131 posts |  Posted by Jasper Coo > Jul 27, 2018 10:45 AM | Report Abuse
got buy got reward |
sjy88
53 posts | Posted by sjy88 > Jul 30, 2018 05:02 PM | Report Abuse Next theme to goreng is plantation? |
EngineeringProfit
3108 posts | Posted by EngineeringProfit > Aug 12, 2018 04:34 AM | Report Abuse Ketam mari again? |
Ratman
408 posts | Posted by Ratman > Aug 12, 2018 11:37 AM | Report Abuse Still profitable to buy this on Monday? Base on chart. |
klck23
521 posts | Posted by klck23 > Sep 14, 2018 11:35 AM | Report Abuse this ketam is damn... |
klck23
521 posts | Posted by klck23 > Sep 14, 2018 11:37 AM | Report Abuse stingky |
Hohup
253 posts | Posted by Hohup > Sep 21, 2018 03:09 PM | Report Abuse Sector effect as Pinepac hit limit up |
Tarrance Schu
204 posts | Posted by Tarrance Schu > Sep 27, 2018 04:29 PM | Report Abuse this counter very shit....cut loss |
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klangkopitiam
81 posts | Posted by klangkopitiam > Jan 6, 2019 02:26 PM | Report Abuse https://mymetastockjournal.blogspot.com/2019/01/kretam-holdings-bhd-klse-1996.html |
commonsense
337 posts | Posted by commonsense > Jan 25, 2019 02:48 PM | Report Abuse Kretam Holdings is not the only plantation company that posted bad results in the most recent quarters. If you go through other financial reports, most (if not all) plantation companies are affected by the low CPO price in Jul-Sept period.
In terms of valuation, all plantation stocks are currently trading at a high PE multiple (for those that still managed to record profit) or in Kretam case, negative PE. This is reflective of the downturn cycle of the plantation industry. Don't think that the industry will reverse their down cycle anytime soon given the general demand of the commodity is expected to go down in the future. China for example, is negotiating with US to take in more agriculture products from US which would potentially include soybean (or soybean oil). In general, Chinese consumption of oil would not actually go up that much so the increase of soybean oil import from US to China would actually be at the expense of other oil commodities from other countries (in particular palm oil from Indonesia and Malaysia). Another issue is on the European demand of palm oil which is expected to go down exponentially given the proposed ban of palm oil use in food and transportation industries in the future. They have already agreed to phase out the use of palm oil in transport fuel by 2030. Some countries like France and Norway have already started to move away from palm oil.
If you are still interested in the plantation industry then you should try to look at other companies first (at least until Kretam is really on a stable footing). You will notice that most plantation stocks have fallen but PE valuation is still high. As I mentioned earlier, this is normal given that the industry cycle is currently at the bottom as reflected by the CPO price. It is better for you to do a PE calculation using an average 5 years PAT to take into account the cyclical nature of the industry. With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies.
If you are looking to diversify your portfolio outside of Kretam (due to its earnings uncertainties and bleak growth outlook) I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.
Good luck. |
o0o54088o0o
155 posts | Posted by o0o54088o0o > Feb 13, 2019 11:06 AM | Report Abuse cpo is climbing,,kretam at such a low price..i will sell my underwear to buy this |
