Yesterday I rang Subur Tiasa Head Office, telephone number 084-211555 to verify its latest earning per share (EPS) of 16.15 sen. Its accountant told me that 16.15 EPS was for 2 months because the company wanted to change its financial year from ending in July to December. Subur Tiasa’s EPS should be adjusted for 3 months to compare it with other plantation stocks. Subur Tiasa’s EPS for 3 months should be 16.15 ÷ 2 X 3= 24.2 sen.  

Comparison plantation stocks based on PE

In fact, due to Indonesia’s palm oil export ban CPO price is making a new record high price as shown on the chart below. Moreover, Malaysian Ringgit depreciation as shown on the US$ exchange to Ringgit chart below, all plantation companies should report increasing profit in the next few quarters.