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Last Price Today's Change   Day's Range   Trading Volume
2.21   +0.03 (1.38%)  2.18 - 2.26  520,300
537 comment(s). Last comment by i3gambler at Nov 24, 2020 10:34 AM
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ACV2916
19 posts

Posted by ACV2916 > Sep 18, 2020 10:13 PM | Report Abuse

wow... time for plantation stocks to fly now...


vcinvestor
68 posts

Posted by vcinvestor > Sep 21, 2020 10:46 AM | Report Abuse

even with the run up in price since last friday, STILL only trading at 15x PE (trailing 4 quarters). Cheap.


johoran
180 posts

Posted by johoran > Sep 28, 2020 8:59 PM | Report Abuse

KM loong result good
With the recent volatile movements in CPO commodity price and sharp recovery from a level near RM2,000 per MT in May 2020 to the current level of above RM2,900 per MT, the management is of the view that CPO price could hold above RM2,700 per MT in near term. However, CPO price is generally susceptible to fluctuation of currency exchange rate, demand and supply of commodity and import policies of major importing countries.
With the impressive performance for the first six months which has surpassed the profit made in the whole of the preceding year, we foresee the Group’s performance for the financial year 2021 will be good.


ding dong
1836 posts

Posted by ding dong > Sep 30, 2020 10:56 PM | Report Abuse

palm oil drop to rm2834....plantation stock expected down tomorrow...


rlch
4081 posts

Posted by rlch > Oct 12, 2020 10:54 AM | Report Abuse

TP RM 2.89. Buy more.


rlch
4081 posts

Posted by rlch > Oct 12, 2020 10:54 AM | Report Abuse

Sarawak Plantation an attractive proxy for high CPO prices, says HLIB
https://www.theedgemarkets.com/article/sarawak-plantation-attractive-proxy-high-cpo-price-says-hlib


i3gambler
443 posts

Posted by i3gambler > Oct 15, 2020 8:29 PM | Report Abuse

johoran

KMLOONG,
Market Cap: 1.3B
Oil Palm: 15,000 Ha
FFB Produced: 260,000 mt (Annual Report 2020)

SWKPLNT
Market Cap: 0.5B
Oil Palm: 35,000 Ha
FFB Produced: 280,000 mt (Last Year), This Year 9 months already 258,000 mt


Sarawakians
600 posts

Posted by Sarawakians > Nov 6, 2020 11:22 AM | Report Abuse

RM 3 in 2021?


JuYeoh
29 posts

Posted by JuYeoh > Nov 12, 2020 2:43 PM | Report Abuse

Palm oil trading at RM3346 /MT - info by MPOB .


JuYeoh
29 posts

Posted by JuYeoh > Nov 12, 2020 3:33 PM | Report Abuse

Bullish Palm oil indices
1) Palm oil MCup+ 139.25
2) Plantation up + 69.3
3) FBM Asian palm oil -MYR up+145.3
4) FBM Asian Palm oil - USD up+ 52.34


JuYeoh
29 posts

Posted by JuYeoh > Nov 13, 2020 10:31 AM | Report Abuse

Malaysian Palm oil - Trading at rm 3391.yesterday 12/11/2020 ( Info by MPOC) Well Done !!


JuYeoh
29 posts

Posted by JuYeoh > Nov 13, 2020 10:41 AM | Report Abuse

Hopefully Palm oil price will surpass RM 3400 /MT


i3gambler
443 posts

Posted by i3gambler > Nov 14, 2020 5:25 PM | Report Abuse

Total Planted Estate = 35,076 Ha
Share Qty = 279,032,200
Share Price = RM2.130
Market Cap. = RM594,338,586
Total non-current liabilities = RM174,307,000
Total current liabilities = RM131,141,000
Non-controlling interests = RM10,470,000
Total current assets = RM153,188,000
Total Milling Capacity = 120 mT/hour
Total Milling Assets = RM30,000,000 (Assume 250,000 per mT/hour, it is close to the item "Property, plant and equipment = RM282,225,000" in the Balance Sheet. For comparison, CB INDUSTRIAL PRODUCT HOLDING BERHAD (CBIP) built a new 45 mT/hour Mill in Kalimantan at a cost of around RM1 million per mT/hour)

Enterprise Value (EV) for Planted Estate
= 594,338,586 + 174,307,000 + 131,141,000 + 10,470,000 - 153,188,000 - 30,000,000
= RM727,068,586

EV / Planted Estate = RM20,728 / Ha

For comparison, on 20th October 2020, FGV HOLDINGS BERHAD (FGV) issue an official statement and mention in it that "Replanting expenses for the 15,000 hectares were in the range of RM300 million per annum".
Wow, FGV's replanting cost alone already RM20,000 / Ha,
SWKPLNT's EV / Planted Estate is only RM20,728 / Ha.

Now, look from the point of FFB Production,
Latest 12 months FFB Production = 338.502 mT
EV / Annual FFB = RM2,148 / mT


i3gambler
443 posts

Posted by i3gambler > Nov 16, 2020 10:33 AM | Report Abuse

Another comparison on Estate EV / Ha.
Kim Loong announced on 19th Feb 2020, that they were buying Planted Estate in Sandakan at a price of RM80,000 per Ha.
Wow, a price of almost 4 times of SWKPLNT's EV / Ha of RM20,728.


qetuoadgjl96
7 posts

Posted by qetuoadgjl96 > Nov 17, 2020 3:54 PM | Report Abuse

Why this counter no volume?


Dakewlest
1388 posts

Posted by Dakewlest > Nov 17, 2020 4:00 PM | Report Abuse

Furthermore, Maybank IB is anticipating a strong recovery in palm oil output next year.


Dakewlest
1388 posts

Posted by Dakewlest > Nov 17, 2020 4:03 PM | Report Abuse

Bought today. Hopefully can go above RM2.50 soon.


Dakewlest
1388 posts

Posted by Dakewlest > Nov 17, 2020 4:04 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/11/13/tight-supply-set-to-support-cpo-price?utm_source=smt&utm_medium=email&utm_campaign=BNL_November_17&utm_content=third_article+&__sta=vhg.hhksexov0sj_foj%7CTBVI&__stm_medium=email&__stm_source=smartech


i3gambler
443 posts

Posted by i3gambler > Nov 18, 2020 3:40 PM | Report Abuse

My guess on the 3rd Quarter EPS is 3.9 sen excluding any one off gain/loss.


Dakewlest
1388 posts

Posted by Dakewlest > Nov 20, 2020 5:35 PM | Report Abuse

Result is out. 5 sen dividen.


Minagrace
12 posts

Posted by Minagrace > Nov 20, 2020 6:02 PM | Report Abuse

Superb result. EPS 7 cents. So nice


Minagrace
12 posts

Posted by Minagrace > Nov 20, 2020 6:13 PM | Report Abuse

3Q20 EPS already 16 cents. With CPO now trading at 3300. Full year 23 cents sap sap sui. If PE 10 = RM 2.30. Buy more Monday.


ZacYXZ
19 posts

Posted by ZacYXZ > Nov 20, 2020 6:15 PM | Report Abuse

@i3gambler exclude one off gain EPS after tax is still 5.6 cents! flying results!


Dakewlest
1388 posts

Posted by Dakewlest > Nov 20, 2020 6:27 PM | Report Abuse

Pe10 rendah sangat kan?


i3gambler
443 posts

Posted by i3gambler > Nov 20, 2020 7:59 PM | Report Abuse

Good result.
And surprisingly another 5 cents dividend, really Good!


chshzhd
1529 posts

Posted by chshzhd > Nov 20, 2020 11:36 PM | Report Abuse

very good


chshzhd
1529 posts

Posted by chshzhd > Nov 20, 2020 11:41 PM | Report Abuse

cpo price rise rise rise .. but oil palm shares "dare not" to wake up:)
.. the volcano is going to explode :) 火山要爆发了:) gunung berapi akan meletup:)


Dakewlest
1388 posts

Posted by Dakewlest > Nov 21, 2020 1:38 AM | Report Abuse

Beli sebelum gunung berapi meletup.


CAWALLUK
5 posts

Posted by CAWALLUK > Nov 21, 2020 4:08 AM | Report Abuse

Now one of the highest dividend plantation shares ... should reach RM2.50 before Christmas.


LongTermInvestor8
49 posts

Posted by LongTermInvestor8 > Nov 22, 2020 11:26 PM | Report Abuse

Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:

1. Parliament will be dissolved and a snap election will be called
2. A state of Emergency in the whole country will be declared by YDPA
3. Muhyiddin will resign and YDPA will appoint an interim PM
4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.

Will the market go down? Will it crash? Take profit now or wait?


8888_
1918 posts

Posted by 8888_ > Nov 23, 2020 9:10 AM | Report Abuse

DY better than FD why not wait?


i3gambler
443 posts

Posted by i3gambler > Nov 23, 2020 12:38 PM | Report Abuse

I read the report by Public Bank analyst just now, it said SWKPLNT management target for 18% increment on FFB production for 2021. I guess the company would pay 5 cents dividend for every quarters.


Dakewlest
1388 posts

Posted by Dakewlest > Nov 23, 2020 12:44 PM | Report Abuse

Please share the report. Thank you.


i3gambler
443 posts

Posted by i3gambler > Nov 23, 2020 12:59 PM | Report Abuse

You can download from this website.


vcinvestor
68 posts

Posted by vcinvestor > Nov 23, 2020 3:07 PM | Report Abuse

public bank always has a hardon for this stock - 18x P/E valuation! for such a thinly traded counter!!

lets take their TP with a pinch of salt la, RM2.80 (their valuation in 2019) also considered quite good already


Hidup_PN
393 posts

Posted by Hidup_PN > Nov 24, 2020 10:01 AM | Report Abuse

TP RM 3.15?


i3gambler
443 posts

Posted by i3gambler > Nov 24, 2020 10:34 AM | Report Abuse

It is very easy to estimate SWKPLNT profit, because the reporting by the company is very detailed.

The management has targeted FFB production growth of 18% to 415k mt for FY21.

With 415000 mT over 35076 Ha, it is only 11.8 mT / Ha, it is still below the norm of 15 mT / Ha in Sarawak. For comparison, it is about 15 mT / Ha for JTIASA, TAANN and SOP now.

SWKPLNT production was so low before year 2018, due to the previous management. It is improving now after TAANN bought 30.5% equity and joined in the management.

With 415,000 mT in 2021 and CPO at RM2500, SWKPLNT should be able to earn RM0.26 per share.

I guess that was why the management wanted to pay another 5 cents dividend for Q3, I guess from now onwards they would pay 5 cents for every quarter or total 20 cents a year.

The balance sheet of Q3 is so good, Net borrowings (Loan / borrowings minus Cash and cash equivalent) is only 18.4 million, very much lower than previous quarters / years. In fact the Finance Income is higher than Finance costs by 160K for Q3.

There is no need to keep much cash in the company, TAANN would get return of investment by receiving dividend from SWKPLNT.

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