KLSE: KRETAM (1996)       KRETAM HOLDINGS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.405   -0.005 (1.22%)  0.405 - 0.41  125,000
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Market Cap: 943 Million
NOSH: 2,328 Million
Avg Volume (4 weeks):198,035
4 Weeks Range:0.39 - 0.42
4 Weeks Price Volatility (%):
52 Weeks Range:0.365 - 0.86
52 Weeks Price Volatility (%):
Average Price Target: 0.49
Price Target Upside/Downside: +0.085
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  28-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: -70.94  |  -1.41%
T4Q DY | Payout %: 2.47%  |  - %
T4Q NAPS | P/NAPS: 0.296  |  1.37
T4Q NP Margin | ROE: -1.61%  |  -1.93%


Date Subject
12-Nov-2018 Technical Buy - KRETAM (1996)
10-Aug-2018 MQ Trader – Volume Screener
19-Jun-2018 下跌股:嘉利丹26仙支撑
18-Jun-2018 PublicInvest Research Headlines - 18 Jun 2018
08-Jun-2018 Mplus Market Pulse - 8 Jun 2018

Business Background

Kretam Holdings Bhd is a Sabah-based medium-sized oil palm plantation company. The company operates through two segments namely Plantation and mill and Refinery. Its Plantation and mill segment is involved in the business of cultivation and sale of oil palm products. The Refinery segment is engaged in refining crude palm oil and producing biofuels. Its geographical area of operations includes Malaysia, Singapore, China, and the Philippines.
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  7 people like this.
o0o54088o0o cepat collect lor
19/06/2018 15:42
hawhaw but no doubt current price is good enter, the lowest for the past 52 weeks is 51.5 when not acquisition news. can buy to keep for long term
19/06/2018 15:47
Rosmah Ali Buy @46sen looks more reasonable
19/06/2018 15:49
mastermarcus Can buy any price below 0.45.
19/06/2018 20:59
klck23 any good today?
20/06/2018 09:43
o0o54088o0o no more volume for kretam
20/06/2018 09:59
o0o54088o0o i wonder @ItraderI got collect more as his said earlier ?
20/06/2018 10:02
hawhaw ya, Itrader also said will give the details why it worth min 0.55 .
20/06/2018 10:12
o0o54088o0o he just purposely setup a new account and try convince us to said it worth at least 0.55..can believe?haha
20/06/2018 10:43
129055444514385 Proposed selling price to the acquirer was 92sen... after due diligence, cannot be about 50% of the proposed price, should be back to above 50sen gradually. Short selling has been banned for this stock , right? :)
20/06/2018 11:09
o0o54088o0o short sell only ban for the day when a stock plunged down drastically...next day resume short selling
20/06/2018 11:12
129055444514385 Then, still volatile, up and down for speculators :)
20/06/2018 11:29
firehawk a very terrible thing!
20/06/2018 16:25
129055444514385 If short selling continues, then speculators will buyback before closing time..... fun to play daily :)
20/06/2018 16:29
Rosmah Ali Tomolo rebound!!!
20/06/2018 16:30
hawhaw ya look high chance tomorrow rebound, today so quiet
20/06/2018 16:40
Rosmah Ali Tomolo 50 sen...
20/06/2018 16:41
hawhaw 46cent last 30 min eaten a lot , and some1 keep throw the share when going up to maintain price. looks got show next few day
20/06/2018 17:02
Wai Yoong the reason of the drop today was mainly due to short selling, so the price will be very likely to go up and the support level at 0.46 is so strong, indicating that the speculators still think that 0.46 is cheap to be bought over.
20/06/2018 17:27
o0o54088o0o calling ItraderI~~shopping bag full?
21/06/2018 10:22
zayady look this stock is downtrend, fake announcement ka?
21/06/2018 11:17
Younglearner why this stock keep on drop?
21/06/2018 11:49
apolloang cos not worth this much
21/06/2018 11:52
dblend sell, no hope
21/06/2018 12:39
apolloang what!!!sentiment so bad still the market cap above 1 bil? what is kretam worth so much?
21/06/2018 12:41
hornbill Hap seng will try buy again in 20 sen
21/06/2018 23:13
klck23 common kreta ayam
22/06/2018 16:26
klck23 tomolo 50 ? rebound? :) tomolo weekend bro
22/06/2018 16:38
Younglearner tomorrow can rebound?
25/06/2018 17:08
danny123 Very day rebound
25/06/2018 23:03
Jayden8 End of the month Umno election if Zahid becomes presiden, this counter shoot up?
26/06/2018 19:15
mastermarcus Some umno acc has been freeze. This counter is the only way to withdraw money...show time soon. Jayden8 u are right!!!
28/06/2018 22:30
Younglearner still can enter , now 445?
29/06/2018 09:19
Jeffreyteck Believe will drop to past low before news on M&A as industry and market remain weak.
29/06/2018 09:53
khpwwl Why suddenly wake up....thought this counter going to sleep mode on Monday
23/07/2018 15:06
sjy88 Wake up plz
25/07/2018 17:36
khpwwl Collecting 0.415-0.420?
26/07/2018 07:12
sjy88 Got chance
27/07/2018 07:31
Lim Tek Wai Good profit stock
27/07/2018 10:23
Jasper Coo got buy got reward
27/07/2018 10:45
sjy88 Next theme to goreng is plantation?
30/07/2018 17:02
EngineeringProfit Ketam mari again?
12/08/2018 04:34
Ratman Still profitable to buy this on Monday? Base on chart.
12/08/2018 11:37
klck23 this ketam is damn...
14/09/2018 11:35
klck23 stingky
14/09/2018 11:37
Hohup Sector effect as Pinepac hit limit up
21/09/2018 15:09
Tarrance Schu this counter very shit....cut loss
27/09/2018 16:29
klangkopitiam https://mymetastockjournal.blogspot.com/2019/01/kretam-holdings-bhd-klse-1996.html
06/01/2019 14:26
commonsense 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.
25/01/2019 14:48
o0o54088o0o cpo is climbing,,kretam at such a low price..i will sell my underwear to buy this
13/02/2019 11:06


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