Koon Yew Yin's Blog

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
0 1,412
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin
Following Message

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.

 

SUBUR (6904)JTIASA (4383)MHC (5026)SOP (5126)SWKPLNT (5135)TAANN (5012)CEPAT (8982)HSPLANT (5138)TECGUAN (7439)
Related Stocks
More articles on Koon Yew Yin's Blog
How can KSL double its profit? - Koon Yew Yin

Created by Koon Yew Yin | Apr 18, 2024

After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.

Why Sabah will leave Malaysia - Koon Yew Yin

Created by Koon Yew Yin | Mar 29, 2024

Currently Sabah Government does not know that solar panel produces the cheapest electricity???

Malaysia can be one of the richest nations in the world - Koon Yew Yin

Created by Koon Yew Yin | Mar 23, 2024

During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

All property developers have just announced their annual profit for 2023. All of them reported increased profit.

My contribution as an Engineer - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.

What can KSL can do to benefit shareholder? - Koon Yew Yin

Created by Koon Yew Yin | Mar 01, 2024

What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...

All Investors require Anticipation - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.

Property developers share prices comparison based on latest EPS - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.

Malaysia’s economy will grow faster than expected - Koon Yew Yin

Created by Koon Yew Yin | Feb 26, 2024

Several economists and local industry representatives are confident that Malaysia’s gross domestic product (GDP) growth will strengthen this year, despite easing in the final quarter of last year.

KSL made a new high of RM 1.33 - Koon Yew Yin

Created by Koon Yew Yin | Jan 08, 2024

KSL price chart is super bullish as shown below. KSL last traded at Rm 1.33.

Discussions
Be the first to like this. Showing 6 of 6 comments

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

stockraider

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

TheSyndicate

@calvintaneng Why are you only comparing FFB and not their market caps?

2022-05-01 20:07

calvintaneng

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

stockraider

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

investor2021trading

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

Post a Comment