Highlights
KLSE: KRETAM (1996)       KRETAM HOLDINGS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.48   -0.005 (1.03%)  0.46 - 0.485  942,400
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Financials


Market Cap: 1,117 Million

Market Cap 1,117 Million
NOSH 2,328 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 12-Jun-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 12-Jun-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  31-Mar-2020 [#1]

Latest Quarter: 31-Mar-2020 [#1]
Announcement Date 29-Jun-2020
Next Quarter: 30-Jun-2020
Est. Ann. Date: 29-Aug-2020
Est. Ann. Due Date: 29-Aug-2020
QoQ | YoY   -78.92%  |    360.34%

Annual (Unaudited) ( EPS: -0.03, P/E: -1,695.39 )

Revenue | NP to SH 395,596  |  -659
RPS | P/RPS 17.00 Cent  |  2.82
EPS | P/E | EY -0.03 Cent  |  -1,695.39  |  -0.06%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.26  |  1.85
YoY   97.75%
NP Margin | ROE -0.65%  |  -0.11%
F.Y. | Ann. Date 31-Dec-2019  |  02-Mar-2020

T4Q Result ( EPS: 0.05, P/E: 875.60 )

Revenue | NP to SH 385,379  |  1,276
RPS | P/RPS 16.56 Cent  |  2.90
EPS | P/E | EY 0.05 Cent  |  875.60  |  0.11%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.26  |  1.84
QoQ | YoY   293.63%  |    104.21%
NP Margin | ROE -0.15%  |  0.21%
F.Y. | Ann. Date 31-Mar-2020  |  29-Jun-2020

Annualized Result ( EPS: 0.44, P/E: 112.99 )

Revenue | NP to SH 377,096  |  9,888
RPS | P/RPS 16.20 Cent  |  2.96
EPS | P/E | EY 0.44 Cent  |  112.99  |  0.89%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   1,600.46%  |    360.34%
NP Margin | ROE 2.67%  |  1.63%
F.Y. | Ann. Date 31-Mar-2020  |  29-Jun-2020



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 2 / 4 50.00% 3 / 8 37.50%
Continuous Quarters Of Positive Profit 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 0.05% -0.18%
Average Net Profit Margin -1.24% -4.86%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 2 / 5 40.00% 7 / 10 70.00%
Continuous Years Of Positive Profit 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Profit Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Adjusted EPS Growth 1 / 5 20.00% 1 / 10 10.00%
Total Dividend Years 2 / 5 40.00% 3 / 10 30.00%
Continuous Years Of Dividend 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE -0.13% 4.19%
Average Net Profit Margin 0.69% 8.69%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 385,379 377,096 395,596 377,920 465,902
NP to SH 1,276 9,888 -659 18,751 496
Dividend 0 - - 9,003 8,770
Adjusted EPS 0.05 0.44 -0.03 0.81 0.02
Adjusted DPS 0.00 0.00 0.00 0.39 0.38

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -22.01% -9.78% -9.78% -2.15% -10.16%
NP to Owner -78.92% 360.34% 360.34% 674.92% 168.15%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS -78.00% 450.00% 450.00% 780.00% 170.40%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue -2.58% -17.28% 1.97% -4.68% -19.06% -0.22% -22.50% -15.09% 4.68%
NP to Owner 293.63% 156.84% -93.20% 1,600.46% 1,890.34% -47.27% 97.75% -232.65% -103.51%
Dividend 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%
Adj. EPS 266.67% 141.25% -93.79% 1,566.67% 2,023.00% -45.36% 97.62% -244.75% -103.73%
Adj. DPS 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  7 people like this.
 
Tarrance Schu this counter very shit....cut loss
27/09/2018 4:29 PM
klangkopitiam https://mymetastockjournal.blogspot.com/2019/01/kretam-holdings-bhd-klse-1996.html
06/01/2019 2:26 PM
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 2:48 PM
o0o54088o0o cpo is climbing,,kretam at such a low price..i will sell my underwear to buy this
13/02/2019 11:06 AM
andrew95 is this stock dead? lol
25/11/2019 2:00 PM
GoHaiDuongGo very much alive hahaha
14/12/2019 6:52 AM
rusellrusell198 Kretam will following rsawit n tdm. Sudah bgn dr zzz
30/12/2019 6:05 PM
hanifanip85 kretam wake up
31/12/2019 2:07 PM
LouiseS KRETAM's main business segments include oil palm plantations and operation of oil palm mills and refinery.

Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -1.66 sen to 0.87sen. In terms of revenue, a 21.6% drop was mainly attributed to the low palm products prices in 2018. As for the Group, it recorded a loss of RM38.5 million. The loss before interest and tax compared to revenue generated was a result of the downtrend in commodity prices, where products were sold at a lower profit margin.

https://louisesinvesting.blogspot.com/2020/01/comments-on-kretam-holdings-bhd-1996.html
13/01/2020 7:05 PM
investory321 any1 knows what happen to this stocks? one day kena sell down then next day straight away rebound
12/03/2020 5:19 PM
Undi_PKR CPO drop why sudden up?
12/03/2020 9:47 PM
thesteward Todsy jtiasa turn tomolo will be kretam’s turn
06/04/2020 8:31 PM
thesteward Like something brewing
24/06/2020 2:25 PM
investory321 nope, nothing is happening, volume not big
24/06/2020 2:38 PM
thesteward Let’s see
24/06/2020 3:36 PM
aspenvit Possibly good quarter result coming.
26/06/2020 8:34 AM
investory321 When QR will out?
26/06/2020 11:44 AM
investory321 why? any news?
02/07/2020 11:00 AM
investory321 i got the news already, hehe, can't reveal what it is here but what i can say is: just buy
02/07/2020 3:12 PM
thesteward Pls la I already alerted low
02/07/2020 3:31 PM
thesteward And you say nope blah blah
02/07/2020 3:47 PM
k3nthiew Any news?? sudden up??
02/07/2020 3:58 PM
investory321 hint: up move will be something similar to KUB
02/07/2020 4:05 PM
thesteward I thot when I alerted at low you rebutted on the 24th say nothing happening vol low ??
02/07/2020 5:22 PM
thesteward Swing it
02/07/2020 6:17 PM
k3nthiew Selling assets? Great!!
03/07/2020 9:29 AM
thesteward Hold tiightly !!
03/07/2020 12:52 PM
thesteward Kub no 2 I believe
03/07/2020 12:52 PM
thesteward Hold tight
06/07/2020 9:26 AM
thesteward Gogo kretam I believe you could hit 80
06/07/2020 11:37 AM
thesteward Gogo kretam
06/07/2020 11:56 AM
thesteward Holding tight hopefully 80
06/07/2020 2:39 PM
thesteward Holding tight for 80 sen
06/07/2020 7:01 PM
investory321 June 2020 Production Figures of Kretam Holdings Berhad Group :-

FFB Production 29,862
CPO Production 10,474
Palm Kernel Production 2,341
08/07/2020 1:51 PM
investory321 good production in June
08/07/2020 1:51 PM
power88 yearly high
12/07/2020 5:35 PM
justice89 will keep on raising bo ? feels the shares unvalue ley....
16/07/2020 3:08 PM
MNawar one day show
16/07/2020 6:37 PM
AnEasyGuy Should release news again on acquisition on their plantation to boost their share price
17/07/2020 4:38 PM
Hillary8890_32 IOI is coming... deal is on.. don't know if can be materialized or not..
20/07/2020 1:24 PM
thesteward Hopefully new high 60 end of this week . Fingers crossed.
20/07/2020 10:24 PM
Masterhead Accordng to homily chart, this stock is going to climb higher and expect good next quarter result to be announced as well. Cheers.
21/07/2020 9:49 AM
Hillary8890_32 Young and energetic CEO.. son of Freddy Lim will take the company to a new level !!
21/07/2020 9:50 AM
steveninvest Thanks masterhead sifu, will collect this stock.
21/07/2020 11:00 AM
steveninvest Getting more and more buyer, going to fly..
21/07/2020 12:09 PM
steveninvest Going to fly...
24/07/2020 12:08 PM
5354_ No more Zahid ctr?
29/07/2020 12:11 PM
5354_ 50 sen hard better UMNO out from PN?
29/07/2020 5:19 PM
5354_ Zahid Hamidi beri bayangan UMNO mungkin keluar PN
Artikel Penuh : https://www.sinarharian.com.my/article/94545/BERITA/Politik/Zahid-Hamidi-beri-bayangan-UMNO-mungkin-keluar-PN
29/07/2020 5:20 PM
Hillary8890_32 if musa aman wins.. then it will be a confirmed sell.
03/08/2020 8:58 AM