Highlights
KLSE: SWKPLNT (5135)       SARAWAK PLANTATION BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
2.55   0.00 (0.00%)  2.54 - 2.57  196,500
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Change in Nomination Committee

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Ann. Date Date Type Designation Name View
13-Aug-2021 13-Aug-2021 RETIREMENT Chairman of Nomination Committee ALI BIN ADAI View Detail
25-Mar-2021 25-Mar-2021 APPOINTMENT Non-Executive Director HASMAWATI SAPAWI View Detail
27-Mar-2019 27-Mar-2019 APPOINTMENT Member of Nomination Committee MUHAMMAD DANIEL BIN ABDULLAH View Detail
27-Mar-2019 27-Mar-2019 APPOINTMENT Member of Nomination Committee HAJI SOEDIRMAN BIN HAJI AINI View Detail
27-Mar-2019 27-Mar-2019 REDESIGNATION Nomination Committee ALI BIN ADAI View Detail
28-Jan-2019 23-Jan-2019 RESIGNATION Chairman of Nomination Committee HAJI CHAITI BIN HAJI BOLHASSAN View Detail
01-Nov-2017 01-Nov-2017 APPOINTMENT Member of Nomination Committee ALI BIN ADAI View Detail
01-Nov-2017 01-Nov-2017 REDESIGNATION Nomination Committee CHITI @ CHAITI BIN BOLHASSAN View Detail
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  ecching5519 likes this.
 
i3gambler When I bought SWKPLNT last year, the price ratio of SWKPLNT / TAANN was around 75%.

When the ratio went up to more than 85% recently, and with the news that the timber segment of TAANN is going to be good, I sold all my SWKPLNT and bought TAANN.
31/08/2021 6:50 PM
8888_ CPO resume uptrend. Dumb-dumb hold or add.
03/09/2021 2:36 PM
8888_ 5 sen dividend in Dec likely? Special dividend also possible?
03/09/2021 2:37 PM
vcinvestor I expect at least 10 sen. Annual profit should be close to double from FY20
03/09/2021 3:00 PM
8888_ If 10 sen dividend TP RM 3 like Ta Ann? SOP dividend less why 3.6 can?
07/09/2021 3:31 PM
vcinvestor aiya, illiquid counter la. Valuations will always fall short of expectation where there is no market volume to sustain the price
07/09/2021 3:34 PM
joerakmo FYE2021 >40 sen.. IPO years ago @ RM2.80
07/09/2021 4:48 PM
8888_ Contra selling so drop? Why director buy Ta Ann if Swk Plant no concern?
08/09/2021 3:30 PM
vcinvestor 80k units sold in one go - this is probably UJ cashing out.
08/09/2021 3:35 PM
Johnzhang CPO Sept surged above $4,700. Good future prices into 2022!
08/09/2021 9:27 PM
joerakmo value of planted land alone equivalent to minimum Rm3.80 per share
08/09/2021 11:37 PM
sarawakian63 RM 3 why hard? Wrong govn we support?
10/09/2021 2:44 PM
vcinvestor no need to blame gomen for everything
10/09/2021 2:55 PM
Johnzhang Extremely poor market sentiment and low investors' confidence is the result of bad government.
16/09/2021 7:12 PM
Johnzhang CGS-CIMB securities head , Ivy Ng, said yesterday " For 2021, we are looking at an average of $3,700 per tonne...."
I must alert Miss Ivy Ng that average for Jan - Sep 2021 is already $4,150. To get your full year average for 2021 ($3,700), CPO price for Oct-dec 2021 ought to be $2,350! How likely?
Probably she is smarter than people in the industry to see CPO plunging tommorow! What a shame!
05/10/2021 8:01 AM
stockraider If u buy Taann u have 30% equity exposure to sarawak plant mah!
05/10/2021 12:15 PM
Johnzhang CPO is closing in to $5,000
05/10/2021 1:05 PM
Learner One Laggard undervalued plantation. Any time can fly
06/10/2021 12:16 PM
Learner One Pe below 8. Div 4%
06/10/2021 12:20 PM
Learner One Slow but sure up. Nobody notice this counter value.
06/10/2021 3:52 PM
Bgt 9963 Plantation stock in play....!
06/10/2021 6:02 PM
calvintaneng TAANN IS TOP HOLDER OF SWKPLANT

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-10-06-story-h1591934709-3_HOME_GROWN_INDUSTRIES_OF_MALAYSIA_GONE_INTO_BULL_RUN_OGSE_2019_MEDICA.jsp
06/10/2021 11:39 PM
Johnzhang Just to share some historical data of past 10 years .
Plantantion share price on day closing high (H) in year 2012 were as below (adjusted for RI or BI if any)

Thplant. $2.45
Sop. $6.62
MHC. $1.46
Cepat. $1.18
Swkplt. $3.24
Taann. $4.50
Hsplant. $3.18
Bplant. $1.34
Note :Bplant H was in 2018. Listed in 2014.

CPO high was about $3,600 pmt in Mar 2012
CPO now reached almost $5,100 yesterday.
Cost of production may have increased by $200 pmt since 2012.
After factoring in the higher production cost , today 's CPO price is still about 35% higher than 2012.
On the contrary, share price for most of the plantantions companies are trading at about 30- 50% below the high in 2012. What a divergence!
I believe the share price increase yesterday is just the beginning of the recovery. Enjoy the recovery ride .
07/10/2021 7:03 AM
stockraider Just buy lah!

Farmland very safe mah!
07/10/2021 11:14 AM
stockraider Yes go for palmoil stock loh!

Enjoy the big benefit of profits while others keep watching loh!
07/10/2021 12:44 PM
joerakmo Swkplt just reported their Sept production.FFB for 3q more than 2q by 12000mt.
EPS for 3q can possibly be between 14-16 cent giving 9 mth eps of 34 cents and full yr eps of 50 cents.
08/10/2021 10:05 AM
Johnzhang I am pleased to share the projected full year (2021) EPS and the prospective PE of some of my favorite plantation counters. The Projected EPS is based on actual 1H + Q3+Q4. Q3 EPS can be estimated fairly accurately as Q3 avg CPO prices is known and production numbers are mostly available . I also make the assumption that Q4 EPS is same level as Q3 for reasons that ASP Q4 seem to be even higher and labourers for plantantion sector are coming in to maximize crop recovery. Given that Nov/Dec is usually seasonally lower crops, but the higher ASP and labour availability should be enough to offset that,
On above basis , the FY 2021 EPS and prospective PE based on yesterday closing share price as as follows:

Bplant. EPS 9.6sen , PE 7.1x
THplant. EPS 16.5sen , PE 4.4x
SOP. EPS 73.0sen. PE 5.3x
MHC. EPS 20.9sen. PE 4.5x
Cepat. EPS 13,9sen. PE 5.2x
Swkplt. EPS 48sen. PE 5.2x
Taaan. EPS 67.9sen PE 4.6x
Hsplant. EPS 23.6sen. PE 9.3X.

Historical PE for plantation counter is 15 to 25x
As such, plantation counters are seriously underappreciated by the market , especially amid poor KLSE sentiment.

Can 2021's earning be sustained in 2022?
You will be surprised!
Hope this perspective helpful for your investment decision.
08/10/2021 12:53 PM
Jonathan Keung FCPO is still holding at between 4,500 -4,800 per tonne
08/10/2021 12:58 PM
Jonathan Keung FCPO is still holding at between 4,500 -4,800 per tonne
08/10/2021 12:59 PM
stockraider Go for Taann for better exposure loh!

Taann own more than 30% of swkplant mah!
08/10/2021 1:18 PM
joerakmo @ johnzhang Bplant and THplant both have huge borrowings,Bplant sold at reasonable prices (latest qtr) but not THplant.Low or zero borrowings means can afford pay dividend.
baby elephant is INNO ,highest non glove dividend yield stock.Paid 10 cents for 1st half.
08/10/2021 2:55 PM
jolynce Sold out of utdplt and joined you guys at swkplnt. Hope I made the right decision :)
08/10/2021 9:50 PM
Johnzhang @ joerakmo, debts itself is not totally bad. It is bad when the company can not generte enough free cashflow to meet debt obligation. It is bad if the profit margin from the business is lower than the intetrest charge. I am not at all worried for Bplant and Thplant for the following reasons:

Bplant :. Net debt as at 30/6/21 was $1.126 mil, down by $187 mil from a year ago. The business generated about $187 mil free cashflow in 2020 and it will even be higher this year due to robust CPO. The disposal of kulai young estate will rake in $428 mil by year end . As such , the net debt will be reduced by the disposal proceed and free cash flow from 2H operation ie ($1,126 - 428 - 100) =$ 598mil. This is on assumption of no new capital investment in the year . Bplant can be debt free immediately if it decide to disposal another 600-800 ha of freehold development land which is nothing compared to the 98,212 ha of landbank it has . The debt level will not affect it's ability to pay good dividend.

THplant:. Net debt as at 31/6/21 was $1,075 mil Net cash generated from operation in 2020 was about $115mil. The company has earmarked some properties for disposal to pare down debt . The debt level is insignificant compared to the intrinsic value of the 97, 289 ha of landbank of which 81,526 ha are planted with oil palm and teak at relatively young profile.

For inno, I think the $0.10 special dividend is due to the disposal of 11% stake in Hap Seng plantantion which I think is one off. Nevertheless, inno consistently pay good dividend too.
09/10/2021 12:20 PM
i3gambler In 4th quarter of Last year when the price ratio of SWKPLNT / TAANN was around 75%, I bought SWKPLNT.

August this year, when the price ratio has gone up to around 85%, I sold all my SWKPLNT and switched to TAANN.

This week the price ratio dropped to around 80%, I sold some of my TAANN and bought back some SWKPLNT.
09/10/2021 1:07 PM
Hush77 this plantation company is still cheap.
11/10/2021 4:49 PM
joerakmo @johnzhang
For inno, I think the $0.10 special dividend is due to the disposal of 11% stake in Hap Seng plantantion which I think is one off. Nevertheless, inno consistently pay good dividend too.

Different entities Inno corp and Inno plt
11/10/2021 5:11 PM
stockraider Go for it loh!

Strong Latent upside potential mah!
12/10/2021 8:25 AM
Undi_PKR Stubborn GPS/BN/PN will not help retailers? Only PKR as new govn can make RM 3?
13/10/2021 12:11 PM
bluelight COP volume and price are increasing, 3Q result shall be better
14/10/2021 12:03 PM
jolynce despite palm oil price at all time high, this stock still so hard to move. Sold last week and bought Tenaga at 9.69
18/10/2021 2:58 PM
stockraider Investment in palmoil listed companies got many tier offensive & defensive stategy mah!

Offensive

1. benefit from high oil price reap huge profit improvement, strong cash flow generation and strong and healthy balance sheet

2. Strong dividend will be forthcoming.

3. The govt of indonesia & msia have restricted new palmoil plantation development thus limited future plantation supply in the future which is good as it will lend support to its price loh!

Defensive

1. Land has a finite supply which is a good hedge against inflation

2. Currently plantation trade at a deep undervalue thus give big margin of safety for investor loh!

3. The current of hype of ESG trend which is unsustainable....give a good sound contrarian opportunity for a very strong rebound & upside for plantation going fwd loh!
19/10/2021 10:32 AM
Johnzhang https://newswav.com/A2110_qJpOCV?s=A_CGRzyOd
20/10/2021 5:54 AM
Johnzhang Amid lucrative earnings , funds are pouring back to oil & gas sector . ESG issue is put at back burners temporarily.
Will foreign funds and local funds (EPF and KWAP particularly) stop selling down or even snap up plantation counters amid historic earning ?
20/10/2021 6:36 AM
jolynce since I bought Tenaga at 9.69, this morning already went to 9.90. Swkplnt still lower than my selling price. Don't worry, I'm still interested in this stock but will wait to buy back lower.

Posted by Huatexpert > Oct 18, 2021 9:16 PM | Report Abuse

CPO all time high and price not move yet... it is ok to accumulate till next Q result...
Eventually, the share price will reflect the value just matter of time. Be patient in investment in share market...
TNB wont move much due to high material cost for its power plant...
TNB result wont look good for short term and same for its share price stagnant...
20/10/2021 11:39 AM
Johnzhang The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk
20/10/2021 2:24 PM
Johnzhang Sovereign funds I referred to are EPF, KWAP etc
20/10/2021 2:29 PM
Johnzhang Today’s performance:
CPO + 2.5% $5303 (nov)

Counters without EPF and KWAP :
THplant +14.5%
Bplant. +4.9%
Mhc. +3.8%
Cepat. +1.3%

Big cap /counters with EPF/KWAP as shareholders:
Simepltn - 1.4%
IOI. - 0.74%
Genp. - 1.83%
Klk. +0.35%
Taann. - 2.74%
Swkpltn. Unchanged
SOP. +. 0.77%

I believe EPF and /or KWAP are still selling down today . Only local retailers and some corporates are absorbing the selling and that’s not enough to move price to reflect the robust fundamental of CPO .
20/10/2021 7:16 PM
stockraider Go Go Go for it
21/10/2021 11:28 AM
sethoylo expect announce handsome dividend next month
21/10/2021 2:04 PM
Bizfuneng Price of SWKPLNT hardly moves with CPO price all this high. Great to take profit and revisit at later time end of the year.
21/10/2021 3:14 PM


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