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113 comment(s). Last comment by guppycrow at May 24, 2019 2:07 PM
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4444
1513 posts

Posted by 4444 > Nov 15, 2018 4:20 AM | Report Abuse

Profit drop 58% YOY.


BN_better
563 posts

Posted by BN_better > Nov 27, 2018 5:12 AM | Report Abuse

CPO down bec PH?


BN_better
563 posts

Posted by BN_better > Nov 27, 2018 3:26 PM | Report Abuse

CPO RM 1800/tn ever heard under BN?


James Ng
1058 posts

Posted by James Ng > Dec 25, 2018 10:40 AM | Report Abuse

https://klse.i3investor.com/blogs/general/187750.jsp
[转贴] [Facebook live:浅谈Kuala Lumpur Kepong bhd (KLK)] - James的股票投资James Share Investing


moneylailai
68 posts

Posted by moneylailai > Jan 22, 2019 4:51 PM | Report Abuse

james youre the best


LouiseS
105 posts

Posted by LouiseS > Jan 27, 2019 7:46 AM | Report Abuse

Last 5 years EPS on decreasing trend, decreased by 31.7% over last 5 years, PE ratio is very high at 35, ROE 6.5%, and dividend yield 1.82%

https://louisesinvesting.blogspot.com/2019/01/preliminary-screening-of-counters-with_56.html


commonsense
471 posts

Posted by commonsense > Mar 2, 2019 11:39 PM | Report Abuse

Some investors might be thinking that the company’s profit of RM250mil in 1Q19 would mark the start of rebound back from the low profit of RM153 mil recorded back in 4Q18. However, after deducting all the non-recurring items, the core net profit in 1Q19 was only RM175mil (albeit still better than 4Q18).

Let’s say that the price of palm oil recovers and the company future quarter profit for the rest of FY19 average at around RM250mil/ quarter, this would bring the company’s profit to RM925mil for FY19. At the current share price, the company would already be valued at a very lofty valuation of 28.5x PE.

I don't think that the industry will reverse their down cycle trend 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 grow that much. Any increase of soybean oil import from the US would actually means lower import for other types of oil 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.

With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies like KLK as the return to upcycle might not be in the near future.

If you are looking to diversify your portfolio outside of KLK (due to its relatively high valuation), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.4x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

Given the very good result in 4Q18, MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at a very low PE of only 5.3x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.


James Ng
1058 posts

Posted by James Ng > Mar 21, 2019 10:28 AM | Report Abuse

https://klse.i3investor.com/blogs/general/198933.jsp
[转贴] [Facebook live:浅谈Kuala Lumpur kepong bhd (KLK)] - James的股票投资James Share Investing


James Ng
1058 posts

Posted by James Ng > Apr 15, 2019 5:12 PM | Report Abuse

https://klse.i3investor.com/blogs/general/202452.jsp
[转贴] [KUALA LUMPUR KEPONG BHD:自上一季度的低位回升以来,现行的毛棕榈油价格已经恢复,如果能够维持这种复苏,他们对2019财政年度种植业的利润前景将会令人满意持乐观态度] - James的股票投资James Share Investing


mr yong
57 posts

Posted by mr yong > May 13, 2019 2:39 PM | Report Abuse

MALAYsia oil and gas company all HUGE DEBT ,Crude oil price low oil n gas sector DIE ,biggest exporter EURO don't want PALM OILplantation sector DIE ,IMDB HUGE debt,Tabung HAJI billion billion losses ,household DEBT 80% GDP MALAYsia people NO MORE purchasing power BANk and PROperty sector will going SlowDOWNn ,GOVT DEBT nearly 1 TRILLION GOVT no more MONEY do Infrastructure CONstuction sector DIE .OIL and PALM OIL contribution GDP 40% ,MALAYsia deficit,malaysia GOVT selling asset HK property selling TELCO asset to FOREIGN company,SOVEREIGN fund khazanah selling stock ,EPF selling stock,FOREIGN FUND selling malaysia BONDS ,Economy RECESSION..MALAYSIA CRISIS induced ASIAN FINANCIAL CRISIS 2019.


HuatAh8809
8 posts

Posted by HuatAh8809 > May 16, 2019 12:06 AM | Report Abuse

CPO now so low..

I m very scare to buy

Macam mana?


James Ng
1058 posts

Posted by James Ng > May 17, 2019 9:21 PM | Report Abuse

https://klse.i3investor.com/blogs/general/207063.jsp
[转贴] [Facebook live:浅谈Kuala Lumpur Kepong bhd (KLK)] - James的股票投资James Share Investing


guppycrow
45 posts

Posted by guppycrow > May 24, 2019 2:07 PM | Report Abuse

Egat Thailand to growth B10 biodiesel

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