Highlights
KLSE: BLDPLNT (5069)       BLD PLANTATION BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
5.85   0.00 (0.00%)  0.00 - 0.00  0
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Financials


Market Cap: 547 Million

Market Cap 547 Million
NOSH 94 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 27-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 27-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  30-Jun-2019 [#1]

Latest Quarter: 30-Jun-2019 [#1]
Announcement Date 30-Aug-2019
Next Quarter: 30-Sep-2019
Est. Ann. Date: 27-Nov-2019
Est. Ann. Due Date: 29-Nov-2019
QoQ | YoY   -273.88%  |    -1,040.08%

Annual (Unaudited) ( EPS: -54.01, P/E: -10.83 )

Revenue | NP to SH 2,197,197  |  -50,498
RPS | P/RPS 2,349.94 Cent  |  0.25
EPS | P/E | EY -54.01 Cent  |  -10.83  |  -9.23%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 6.01  |  0.97
YoY   -345.24%
NP Margin | ROE -2.32%  |  -8.99%
F.Y. | Ann. Date 31-Mar-2019  |  31-May-2019

T4Q Result ( EPS: -73.47, P/E: -7.96 )

Revenue | NP to SH 1,775,240  |  -68,695
RPS | P/RPS 1,898.65 Cent  |  0.31
EPS | P/E | EY -73.47 Cent  |  -7.96  |  -12.56%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 5.83  |  1.00
QoQ | YoY   -30.46%  |    -316.73%
NP Margin | ROE -3.91%  |  -12.60%
F.Y. | Ann. Date 30-Jun-2019  |  30-Aug-2019

Annualized Result ( EPS: -75.20, P/E: -7.78 )

Revenue | NP to SH 1,355,248  |  -70,320
RPS | P/RPS 1,449.46 Cent  |  0.40
EPS | P/E | EY -75.20 Cent  |  -7.78  |  -12.86%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -39.25%  |    -5,798.54%
NP Margin | ROE -5.23%  |  -12.90%
F.Y. | Ann. Date 30-Jun-2019  |  30-Aug-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Mar-2020 30-Aug-2019 30-Jun-2019 1 338,812 -22,139 -17,706 -17,580 - 545,104 - % -5.23% -3.23% 93,500 362.37 362.37 -18.80 -18.80 0.00 0.00 5.8300 5.83   -273.88%   -1,040.08% 28-Jun-2019 6.55 1.81 -34.84 1.12 -2.87% 0.00% 30-Aug-2019 6.63 1.83 -35.26 1.14 -2.84% 0.00%
31-Mar-2019 31-May-2019 31-Mar-2019 443,046 -13,708 -4,922 -4,702 - 561,935 - % -1.11% -0.84% 93,500 473.85 473.85 -5.03 -5.03 0.00 0.00 6.0100 6.01   84.14%   -317.79% 29-Mar-2019 6.72 1.42 -133.63 1.12 -0.75% 0.00% 31-May-2019 6.55 1.38 -130.25 1.09 -0.77% 0.00%
31-Dec-2018 27-Feb-2019 31-Dec-2018 4 526,430 -30,611 -30,110 -29,649 - 565,675 - % -5.72% -5.24% 93,500 563.03 563.03 -31.71 -31.71 0.00 0.00 6.0500 6.05   -76.86%   -245.23% 31-Dec-2018 7.54 1.34 -23.78 1.25 -4.21% 0.00% 27-Feb-2019 6.96 1.24 -21.95 1.15 -4.56% 0.00%
31-Dec-2018 27-Nov-2018 30-Sep-2018 3 466,952 -20,878 -16,742 -16,764 - 586,244 - % -3.59% -2.86% 93,500 499.41 499.41 -17.93 -17.93 0.00 0.00 6.2700 6.27   -987.16%   -257.20% 28-Sep-2018 7.00 1.40 -39.04 1.12 -2.56% 0.00% 27-Nov-2018 7.00 1.40 -39.04 1.12 -2.56% 0.00%
31-Dec-2018 30-Aug-2018 30-Jun-2018 1 394,202 -1,399 -1,517 -1,542 - 603,074 - % -0.38% -0.26% 93,500 421.61 421.61 -1.65 -1.65 0.00 0.00 6.4500 6.45   -171.42%   -183.31% 29-Jun-2018 8.00 1.90 -485.08 1.24 -0.21% 0.00% 30-Aug-2018 7.30 1.73 -442.64 1.13 -0.23% 0.00%
31-Dec-2018 31-May-2018 31-Mar-2018 366,567 4,050 2,303 2,159 - 607,750 - % 0.63% 0.36% 93,500 392.05 392.05 2.31 2.31 0.00 0.00 6.5000 6.50   -89.42%   -19.38% 30-Mar-2018 8.09 2.06 350.35 1.24 0.29% 0.00% 31-May-2018 8.01 2.04 346.89 1.23 0.29% 0.00%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 584,849 27,121 20,459 20,415 - 847,110 - % 3.50% 2.41% 93,500 625.51 625.51 21.84 21.84 0.00 0.00 9.0600 9.06   91.44%   836.47% 29-Dec-2017 8.34 1.33 38.20 0.92 2.62% 0.00% 28-Feb-2018 8.21 1.31 37.60 0.91 2.66% 0.00%
31-Dec-2017 30-Nov-2017 30-Sep-2017 3 560,672 15,655 10,927 10,664 - 826,540 - % 1.95% 1.29% 93,500 599.65 599.65 11.41 11.41 0.00 0.00 8.8400 8.84   476.12%   119.42% 29-Sep-2017 8.40 1.40 73.65 0.95 1.36% 0.00% 30-Nov-2017 8.36 1.39 73.30 0.95 1.36% 0.00%
31-Dec-2017 29-Aug-2017 30-Jun-2017 2 520,747 3,407 2,106 1,851 - 815,320 - % 0.40% 0.23% 93,500 556.95 556.95 1.98 1.98 0.00 0.00 8.7200 8.72   -30.88%   -66.04% 30-Jun-2017 8.38 1.50 423.30 0.96 0.24% 0.00% 29-Aug-2017 8.43 1.51 425.83 0.97 0.23% 0.00%
31-Dec-2017 30-May-2017 31-Mar-2017 1 468,374 5,035 3,080 2,678 - 748,000 - % 0.66% 0.36% 93,500 500.93 500.93 2.86 2.86 0.00 0.00 8.0000 8.00   22.84%   -73.24% 31-Mar-2017 8.53 1.70 297.82 1.07 0.34% 0.00% 30-May-2017 8.42 1.68 293.98 1.05 0.34% 0.00%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 535,148 8,574 2,352 2,180 - 810,645 - % 0.44% 0.27% 93,500 572.35 572.35 2.33 2.33 0.00 0.00 8.6700 8.67   -55.14%   119.66% 30-Dec-2016 8.50 1.49 364.56 0.98 0.27% 0.00% 28-Feb-2017 8.53 1.49 365.85 0.98 0.27% 0.00%
31-Dec-2016 29-Nov-2016 30-Sep-2016 3 589,578 10,732 5,267 4,860 - 808,774 - % 0.89% 0.60% 93,500 630.56 630.56 5.20 5.20 0.00 0.00 8.6500 8.65   -10.83%   292.89% 30-Sep-2016 8.50 1.35 163.53 0.98 0.61% 0.00% 29-Nov-2016 8.50 1.35 163.53 0.98 0.61% 0.00%
31-Dec-2016 30-Aug-2016 30-Jun-2016 2 396,595 8,421 5,473 5,450 - 804,100 - % 1.38% 0.68% 93,500 424.17 424.17 5.83 5.83 0.00 0.00 8.6000 8.60   -45.55%   52.19% 30-Jun-2016 8.48 2.00 145.48 0.99 0.69% 0.00% 30-Aug-2016 8.50 2.00 145.83 0.99 0.69% 0.00%
31-Dec-2016 30-May-2016 31-Mar-2016 1 326,198 13,588 10,203 10,009 - 800,360 - % 3.13% 1.25% 93,500 348.87 348.87 10.70 10.70 0.00 0.00 8.5600 8.56   190.27%   6,899.30% 31-Mar-2016 8.70 2.49 81.27 1.02 1.23% 0.00% 30-May-2016 8.75 2.51 81.74 1.02 1.22% 0.00%
31-Dec-2015 29-Feb-2016 31-Dec-2015 4 427,495 -15,582 -11,073 -11,088 - 790,074 - % -2.59% -1.40% 93,500 457.21 457.21 -11.86 -11.86 0.00 0.00 8.4500 8.45   -996.36%   -172.57% 31-Dec-2015 9.20 2.01 -77.58 1.09 -1.29% 0.00% 29-Feb-2016 9.20 2.01 -77.58 1.09 -1.29% 0.00%
31-Dec-2015 30-Nov-2015 30-Sep-2015 3 374,249 -3,555 1,322 1,237 - 801,294 - % 0.35% 0.15% 93,500 400.27 400.27 1.33 1.33 0.00 0.00 8.5700 8.57   -65.46%   -75.71% 30-Sep-2015 8.10 2.02 612.25 0.95 0.16% 0.00% 30-Nov-2015 9.30 2.32 702.95 1.09 0.14% 0.00%
31-Dec-2015 28-Aug-2015 30-Jun-2015 2 340,034 6,013 3,726 3,581 - 800,360 - % 1.10% 0.45% 93,500 363.67 363.67 3.83 3.83 0.00 0.00 8.5600 8.56   2,404.20%   -53.23% 30-Jun-2015 8.00 2.20 208.88 0.93 0.48% 0.00% 28-Aug-2015 8.10 2.23 211.49 0.95 0.47% 0.00%
31-Dec-2015 28-May-2015 31-Mar-2015 1 303,665 1,235 150 143 - 800,360 - % 0.05% 0.02% 93,500 324.78 324.78 0.15 0.15 0.00 0.00 8.5600 8.56   -99.06%   -97.22% 31-Mar-2015 8.20 2.52 5,361.54 0.96 0.02% 0.00% 28-May-2015 8.05 2.48 5,263.46 0.94 0.02% 0.00%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 427,413 18,302 14,892 15,280 - 800,360 - % 3.48% 1.91% 93,500 457.13 457.13 16.34 16.34 0.00 0.00 8.5600 8.56   200.08%   55.03% 31-Dec-2014 7.65 1.67 46.81 0.89 2.14% 0.00% 27-Feb-2015 8.00 1.75 48.95 0.93 2.04% 0.00%
31-Dec-2014 27-Nov-2014 30-Sep-2014 3 366,126 10,429 5,137 5,092 - 784,465 - % 1.40% 0.65% 93,500 391.58 391.58 5.45 5.45 0.00 0.00 8.3900 8.39   -33.50%   -72.33% 30-Sep-2014 8.10 2.07 148.73 0.97 0.67% 0.00% 27-Nov-2014 8.10 2.07 148.73 0.97 0.67% 0.00%
31-Dec-2014 27-Aug-2014 30-Jun-2014 2 396,757 10,541 7,595 7,657 - 779,790 - % 1.91% 0.98% 93,500 424.34 424.34 8.18 8.18 0.00 0.00 8.3400 8.34   48.71%   5.58% 30-Jun-2014 8.32 1.96 101.60 1.00 0.98% 0.00% 27-Aug-2014 8.02 1.89 97.93 0.96 1.02% 0.00%
31-Dec-2014 28-May-2014 31-Mar-2014 1 367,896 7,395 5,276 5,149 - 776,985 - % 1.43% 0.66% 93,500 393.47 393.47 5.51 5.51 0.00 0.00 8.3100 8.31   -47.76%   231.55% 31-Mar-2014 8.90 2.26 161.61 1.07 0.62% 0.00% 28-May-2014 8.70 2.21 157.98 1.05 0.63% 0.00%
31-Dec-2013 28-Feb-2014 31-Dec-2013 4 440,249 -1,057 9,833 9,856 - 805,969 - % 2.23% 1.22% 93,500 470.85 470.85 10.54 10.54 0.00 0.00 8.6200 8.62   -46.44%   -73.59% 31-Dec-2013 8.95 1.90 84.91 1.04 1.18% 0.00% 28-Feb-2014 8.87 1.88 84.15 1.03 1.19% 0.00%
31-Dec-2013 29-Nov-2013 30-Sep-2013 3 481,636 25,712 18,511 18,402 - 807,840 - % 3.84% 2.28% 93,500 515.12 515.12 19.68 19.68 0.00 0.00 8.6400 8.64   153.75%   30.21% 30-Sep-2013 8.50 1.65 43.19 0.98 2.32% 0.00% 29-Nov-2013 9.00 1.75 45.73 1.04 2.19% 0.00%
31-Dec-2013 29-Aug-2013 30-Jun-2013 2 342,658 10,033 7,139 7,252 - 748,434 - % 2.08% 0.97% 86,027 398.31 366.48 8.43 7.76 0.00 0.00 8.7000 8.00   366.97%   -67.60% 28-Jun-2013 8.50 2.13 100.83 0.98 0.99% 0.00% 29-Aug-2013 8.53 2.14 101.19 0.98 0.99% 0.00%
31-Dec-2013 31-May-2013 31-Mar-2013 1 369,923 1,837 1,370 1,553 - 673,815 - % 0.37% 0.23% 84,863 435.90 395.64 1.83 1.66 0.00 0.00 7.9400 7.21   -95.84%   -89.42% 29-Mar-2013 8.37 1.92 457.38 1.05 0.22% 0.00% 31-May-2013 8.75 2.01 478.14 1.10 0.21% 0.00%
31-Dec-2012 28-Feb-2013 31-Dec-2012 4 509,395 48,837 37,151 37,319 - 594,909 - % 7.29% 6.27% 84,987 599.38 544.81 43.91 39.91 0.00 0.00 7.0000 6.36   164.06%   22.76% 31-Dec-2012 8.29 1.38 18.88 1.18 5.30% 0.00% 28-Feb-2013 8.32 1.39 18.95 1.19 5.28% 0.00%
31-Dec-2012 30-Nov-2012 30-Sep-2012 3 517,546 18,940 14,694 14,133 - 636,069 - % 2.84% 2.22% 85,036 608.62 553.53 16.62 15.12 0.00 0.00 7.4800 6.80   -36.86%   -26.06% 28-Sep-2012 8.09 1.33 48.68 1.08 2.05% 0.00% 30-Nov-2012 8.40 1.38 50.54 1.12 1.98% 0.00%
31-Dec-2012 30-Aug-2012 30-Jun-2012 2 392,822 30,380 22,438 22,382 - 625,641 - % 5.71% 3.58% 85,005 462.11 420.13 26.33 23.94 0.00 0.00 7.3600 6.69   52.50%   -1.65% 29-Jun-2012 8.38 1.81 31.83 1.14 3.14% 0.00% 30-Aug-2012 8.20 1.77 31.14 1.11 3.21% 0.00%
31-Dec-2012 31-May-2012 31-Mar-2012 1 494,001 20,073 14,775 14,677 - 615,295 - % 2.99% 2.39% 84,985 581.28 528.34 17.27 15.70 0.00 0.00 7.2400 6.58   -51.72%   -57.24% 30-Mar-2012 9.23 1.59 53.45 1.27 1.87% 0.00% 31-May-2012 8.00 1.38 46.32 1.10 2.16% 0.00%
31-Dec-2011 29-Feb-2012 31-Dec-2011 4 488,339 22,079 30,057 30,401 - 594,940 - % 6.15% 5.11% 84,991 574.57 522.29 35.77 32.51 0.00 0.00 7.0000 6.36   59.04%   32.56% 30-Dec-2011 7.29 1.27 20.38 1.04 4.91% 0.00% 29-Feb-2012 9.50 1.65 26.56 1.36 3.77% 0.00%
31-Dec-2011 30-Nov-2011 30-Sep-2011 3 504,848 26,696 19,592 19,115 - 572,855 - % 3.88% 3.34% 84,993 593.99 539.94 22.49 20.44 0.00 0.00 6.7400 6.13   -16.01%   147.73% 30-Sep-2011 5.92 1.00 26.32 0.88 3.80% 0.00% 30-Nov-2011 6.90 1.16 30.68 1.02 3.26% 0.00%
31-Dec-2011 26-Aug-2011 30-Jun-2011 2 479,861 29,523 22,640 22,758 - 553,435 - % 4.72% 4.11% 85,013 564.46 513.22 26.77 24.34 0.00 0.00 6.5100 5.92   -33.70%   96.48% 30-Jun-2011 6.80 1.20 25.40 1.04 3.94% 0.00% 26-Aug-2011 6.76 1.20 25.25 1.04 3.96% 0.00%
31-Dec-2011 31-May-2011 31-Mar-2011 1 423,608 47,463 34,317 34,325 - 542,331 - % 8.10% 6.33% 85,004 498.33 453.06 40.38 36.71 0.00 0.00 6.3800 5.80   49.67%   86.81% 31-Mar-2011 5.10 1.02 12.63 0.80 7.92% 0.00% 31-May-2011 5.43 1.09 13.45 0.85 7.44% 0.00%
31-Dec-2010 28-Feb-2011 31-Dec-2010 4 409,925 28,339 22,899 22,934 - 507,405 - % 5.59% 4.52% 84,992 482.31 438.42 26.98 24.53 0.00 0.00 5.9700 5.43   197.23%   334.69% 30-Dec-2010 5.20 1.08 19.27 0.87 5.19% 0.00% 28-Feb-2011 5.08 1.05 18.83 0.85 5.31% 0.00%
31-Dec-2010 30-Nov-2010 30-Sep-2010 3 325,214 6,433 6,671 7,716 - 485,224 - % 2.05% 1.59% 84,977 382.70 347.82 9.08 8.25 0.00 0.00 5.7100 5.19   -33.39%   13.14% 30-Sep-2010 4.32 1.13 47.58 0.76 2.10% 0.00% 30-Nov-2010 4.81 1.26 52.97 0.84 1.89% 0.00%
31-Dec-2010 30-Aug-2010 30-Jun-2010 2 336,208 18,989 11,690 11,583 - 479,296 - % 3.48% 2.42% 84,981 395.62 359.58 13.63 12.39 0.00 0.00 5.6400 5.13   -36.96%   -11.47% 30-Jun-2010 3.99 1.01 29.27 0.71 3.42% 0.00% 30-Aug-2010 4.21 1.06 30.89 0.75 3.24% 0.00%
31-Dec-2010 27-May-2010 31-Mar-2010 1 243,732 23,308 18,483 18,374 - 474,222 - % 7.58% 3.87% 84,986 286.79 260.68 21.62 19.65 0.00 0.00 5.5800 5.07   248.26%   273.15% 31-Mar-2010 3.92 1.37 18.13 0.70 5.52% 0.00% 27-May-2010 3.70 1.29 17.11 0.66 5.84% 0.00%
31-Dec-2009 25-Feb-2010 31-Dec-2009 4 244,076 4,764 5,053 5,276 - 424,763 - % 2.07% 1.24% 84,952 287.31 261.04 6.21 5.64 0.00 0.00 5.0000 4.54   -22.64%   -68.85% 31-Dec-2009 3.75 1.31 60.38 0.75 1.66% 0.00% 25-Feb-2010 3.85 1.34 61.99 0.77 1.61% 0.00%
31-Dec-2009 26-Nov-2009 30-Sep-2009 3 210,851 11,544 6,802 6,820 - 450,698 - % 3.23% 1.51% 85,037 247.95 225.51 8.02 7.29 0.00 0.00 5.3000 4.82   -47.87%   -34.02% 30-Sep-2009 3.48 1.40 43.39 0.66 2.30% 0.00% 26-Nov-2009 4.00 1.61 49.88 0.75 2.01% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
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yeap boon tat Is BLD a good investment stock with just 80million shares?
16/02/2012 9:53 PM
sh2383jbt Agreed with all. Just wait and see the big return...
09/01/2013 11:08 PM
logitrader http://www.klse.my/stock/result/qr/quarter/5069.jsp
27/11/2014 2:19 PM
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5069/31-Dec-2014.jsp
28/02/2015 12:35 AM
logitrader http://www.klse.my/entitlement/116106.jsp
29/04/2015 5:50 PM
Ckk2266 Salted fish alive....
08/11/2015 8:11 PM
Diamond7 Up....up...up....any good news?
11/11/2015 2:02 PM
Thomas Chan Yeu Wai http://www.thestar.com.my/business/business-news/2016/03/15/bld-plantation-expands-sarawak-land-bank/
15/03/2016 10:47 PM
investlah https://klse.i3investor.com/blogs/kianweiaritcles/119270.jsp
28/03/2017 3:42 PM
investlah http://www.thestar.com.my/business/business-news/2017/03/27/a-message-to-president-hollande-support-palm-oil/
28/03/2017 3:47 PM
zayady https://klse.i3investor.com/blogs/kianweiaritcles/77440.jsp
13/07/2018 12:34 AM
LouiseS Total planted area = 31,200 hectares, with 84% in maturity stage. Crude palm oil produced = 115,500 metric tonnes, total volume of palm oil products sold = 760,000 metric tonnes
Top three importing countries of Malaysia palm oil products are India, European Union and China.

https://louisesinvesting.blogspot.com/2019/01/comments-on-bld-plantation-bhd-5069.html
05/01/2019 4:00 PM
commonsense BLD Plantation 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 BLD 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 BLD 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 BLD (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 3:56 PM