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Based on FFB production of each company is the most accurate method for comparison - Koon Yew Yin
Koon Yew Yin
Publish date: Sun, 01 May 2022, 12:32 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
Malaysian Ringgit is depreciating as shown on the chart below. All plantation companies will gain additional profit due to the foreign exchange advantage.
In fact, recently the Indonesian government-imposed CPO export restriction which will continue to push up CPO prices in the world market as shown on the CPO price chart below.
Moreover, recently our government announced to allow foreign workers to come to work. As a result, all plantation companies should be able to produce more fresh fruit bunches (FFB) to make more profit.
Based on its company’s actual FFB productions in the last 3 months is the most accurate method to compare plantation stocks.
The table below shows the comparison of each company’s 3 months FFB production ÷ market capitalisation. Subur Tiasa and Jaya Tiasa are the 2 best stocks.
|
Name |
FFB (ton) |
3 months FFB |
Market Cap. Rm. |
3 months FFB ÷ market cap |
|
|
Subur Tiasa |
23,117 |
|
|
|
|
|
|
18,295 |
64,269 |
480 million |
134 |
1 |
|
|
22,587 |
|
|
|
|
|
Jaya Tiasa |
55,363 |
|
|
|
|
|
|
43,722 |
151,243 |
1,130 million |
134 |
2 |
|
|
52,158 |
|
|
|
|
|
MHC |
10,035 |
|
|
|
|
|
|
9,005 |
29,639 |
269 million |
110 |
3 |
|
|
10,599 |
|
|
|
|
|
Sarawak Plant |
22,897 |
|
|
|
|
|
|
19,126 |
62,661 |
862 million |
73 |
4 |
|
|
20,038 |
|
|
|
|
|
SOP |
76,723 |
|
|
|
|
|
|
88,787 |
267,788 |
3,997 million |
67 |
5 |
|
|
102,278 |
|
|
|
|
|
Ta Ann |
45,505 |
|
|
|
|
|
|
47,364 |
154,723 |
2,736 million |
57 |
6 |
|
|
61,854 |
|
|
|
|
|
Cepatwawasan |
6,982 |
|
|
|
|
|
|
6,713 |
21,973 |
389 million |
56 |
7 |
|
|
8,278 |
|
|
|
|
|
Hap Seng |
43,653 |
|
|
|
|
|
|
40,628 |
136,468 |
2,616 million |
52 |
8 |
|
|
52,187 |
|
|
|
|
|
Teck Guan |
1,0035 |
|
|
|
|
|
|
884 |
3,062 |
79 million |
39 |
9 |
|
|
1,138 |
|
|
|
|
Note: Subur Tiasa, Jaya Tiasa and Ta Ann also have sawn timber, plywood, chick board productions.
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| Chart | Stock Name | Last | Change | Volume |
|---|
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Discussions
Be the first to like this. Showing 6 of 6 comments
Subur is a smaller cake for less people eat mah whereas Sime plant is bigger cake for more people eat mah!
Do not compare the absolute size of cake....but must compare to the relative size of people wanting and has the right to eat loh!
Something a smaller cake could be better if u had less people to share the cake mah!
Just remember the principle of LESS MEN MORE SHARE LOH!
2022-05-01 16:59
@calvintaneng Why are you only comparing FFB and not their market caps?
2022-05-01 20:07
Why FFB?
that is a good question
All my friends owning palm oil estates can relate to price of Ffb for decades
Their fortunes depend on the rise and fall of Ffb prices all through their lives as palm oil estates owners
in those days when price of Ffb fell below production cost (labour and fertilizers ) they wrung their hands in total despair and retrenched workers, sold back fertilizers to supplier and left palm fruit to rot away
Now that Ffb near Rm1500 a ton all are laughing and laughing all the way to the banks
2022-05-01 22:19
If FFB is Rm 1500....what the CPO price leh ?
Roughly Rm 7500 mah!
Usually u use a factor of 5x to convert FFB to CPO loh!
2022-05-02 00:24
Normally d palm oil mill buying outside ffb will informed d sellers on a monthly basis d contracted price of their ffb.
If d locally delivered price of CPO is RM7,500/ton, than d ffb offered price will b based on 19% to 20% of d mill oil extraction rate (oer) i.e. :-
i.e. 7500 X 19% oer = 1425/ton ffb or 7500 X 20% oer = 1500/ton ffb
d % oer awarded is based on criteria pre-determined n done after a quality control (QC) checks. Normally, smallholders r offered 19% oer n bigger estates r offered 20%-21% oer!
The mill will get a 1% to 3% margin of d CPO processed which is a vy hefty profit!
2022-05-02 11:08
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calvintaneng
You forgot to include SIMEDARBY PLANT
Simeplant 3 months FFB is 1.9 Million tonnes compared to Subur 64,000 tonnes
SO SIMEPLANT IS 29 (X) TIMES MORE FFB THAN SUBUR
Simeplant has over 3.3 Million acres compared to Subur less than 100k acres
Subur is like a Small
14 seat compared to a 400 seater 747 Jumbo Jet plane
2022-05-01 15:45