why_no_dividend

Net debt company so no dividend?

2016-10-09 04:09

probability

itsjustaboutprofit...pls share its land acreage & palm planted area information if you already have... it becomes easy to check how undervalue it is. Thanks

2016-10-09 11:30

Xinquan

If China stocks don't pay dividend a lot of questions. Why no similar question in TecGuan?

2016-10-09 12:27

newb1995

China conman stock, u dont know differentiate?

2016-10-09 12:29

kino318

there is a potential fraud if no dividend paid.

2016-10-09 12:37

Xinquan

Agree. So many questions on China stocks not paying dividend so similar question should be on Tecguan profit.

Posted by kino318 > Oct 9, 2016 12:37 PM | Report Abuse
there is a potential fraud if no dividend paid.

2016-10-09 12:40

Xinquan

Who know director use co. money to buy big house, big car or pay themselves high salary but not us shareholders a single sen dividend.

2016-10-09 12:41

itjustabouttheprofit

probability: Thank you for your suggestion. I have added the information about the palm oil planted area in this article.

2016-10-09 14:00

probability

thank you so much IJATP......that will help a lot.
You are always one of the pioneers in detecting huge potential upside..

2016-10-09 14:08

stocker

Thx ijatp for the screening of share for us kind of new trader. It seems to be a huge potential to up! Cool

2016-10-09 14:24

SGXWB

Nice stock, thanks for sharing. Have been followed u for ur last few blogs, never regret of reading ur blog!

2016-10-09 14:31

Invest1188

how is the foreign exchange risk?

2016-10-09 14:38

Jay

1. it's better to compare CPO price this coming quarter compared to the last quarter to see if revenue will keep increasing

2. CPO production is expected to increase post-El Nino while US soybean production is also expected to be at record high next year. in fact, soybean over CPO premium has been declining over past few months, so it may be a bit simplistic to assume CPO price will remain or keep increasing from current level

2016-10-10 01:18

Jay

the company is not very transparent. the commentary usually are as as well as no commentary. the past 2 quarters revenue has shot up, probably as a factor of both higher volume and CPO price. CPO price should not be too low for next quarter but volume is unknown since company does not really tell much.

btw, the company mainly sells crude palm kernel oil so I'm just talking on CPO price assuming kernel oil will track CPO price movement

stronger USD is good for the company. for the 6.3m profit last quarter, 1.4m is from forex gain. Oct USD may come off a bit but Aug-Oct USD overall should still remain relatively strong

IMO, the market price seems quite fully valued. based on the latest quarter, I think the fair price would be roughly RM2-2.20, not much upside left considering the risk as the company's track record was not very good. any earnings disappointment and you could be looking at a nasty selloff

price still below NA, but all estates were quite recently revalued so have been mostly priced in NA. 2000 acres plantation is considered very small plus average age at 14 is end prime and some may need replanting

2016-10-10 01:40

probability

yup..the revenue does not seem to arise from internally derived Palm Kernels. The land bank cannot justify this revenue level.

It seems they are buying palm kernels externally, processing it and selling the palm kernel oil....the significant gain suggests it is due to price fluctuations -rise in palm kernel oil price during this quarter. All prices remaining stable, they cannot repeat such high margins.

Palm kernel seed price will rice according to the kernel oil price.

2016-10-10 02:07

Pakcik Saham

I agree with Xinguan..this cash rich company but look at history NEVER appreciate the other shareholder to give dividend. The price movement only move because profit improvement and catalyst. Like I say they NEVER paid dividend

2016-10-10 12:18

pingdan

pak cik: they have accumulated losses. according financial standard report, they cannot pay any single sen dividend. it is against the law.

2016-10-10 13:05

Pakcik Saham

Pigdan,I 'm not prejudice this company. i know all type company from Sabah region especially from my local area Tawau. even they have profit on 2011(RM6 million), 2013(3 Mill), 2014 (7 Mill) & last financial result January 2016 7 million didt declare dividend.You can compare to they peer QL/TSH or Hap Seng Plantation Division. Check the historical DY. They suppose appreciate the other shareholder to give dividend.

2016-10-10 17:05

pingdan

pak cik: i see your point. haha maybe as shareholder we need to request from management on the dividend

2016-10-10 17:36

Pakcik Saham

yes pigdan agree...but trader also can make profit for this share...short term

2016-10-10 19:40

sharktank

dream on thinking palm oil in bull market, it is dropping till end
2017

2016-10-10 20:19

FirstAdviser

Such a great information. Thanks for this amazing info. Looking forward for your next creation. Thanks!!
<a href="http://blog.firstadviser.in/stock-market-tips/" rel="noopener" target="_blank">Stock Market Tips</a>

2019-09-30 19:10