A BRIEF LOOK AT CEPATWAWASAN RESULTS, Calvin Tan Research

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THE INVESTMENT APPROACH OF CALVIN TAN

A BRIEF LOOK AT CEPATWAWASAN RESULTS, Calvin Tan Research

calvintaneng

Publish date: Tue, 17 Nov 2020, 12:09 PM

Hi guys,

These two quarterly improving results of CEPAT meet the Gold Rule of Increasing Profits

See

Quarterly rpt on consolidated results for the financial period ended 30 Jun 2020

CEPATWAWASAN GROUP BERHAD

Financial Year End	31 Dec 2020
Quarter	2 Qtr
Quarterly report for the financial period ended	30 Jun 2020
The figures	have not been audited

Attachments

CGB QTR2 2020.pdf
64.7 kB

Default Currency
Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019

		$$'000	$$'000	$$'000	$$'000
1	Revenue	51,782	52,670	95,968	105,068
2	Profit/(loss) before tax	6,067	1,622	5,250	5,326
3	Profit/(loss) for the period	4,410	660	3,677	3,292
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,462	699	3,664	3,139
5	Basic earnings/(loss) per share (Subunit)	1.44	0.23	1.19	1.02
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	1.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1100		1.1100

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

Above is for April, May & June 2020 Quarter Results

Below is July, August & Sept 2020 Results

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2020

CEPATWAWASAN GROUP BERHAD

Financial Year End	31 Dec 2020
Quarter	3 Qtr
Quarterly report for the financial period ended	30 Sep 2020
The figures	have not been audited

Attachments

CGBQTR3 2020.pdf
77.5 kB

Default Currency
Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019

		$$'000	$$'000	$$'000	$$'000
1	Revenue	63,108	48,328	167,507	157,808
2	Profit/(loss) before tax	7,656	-516	13,344	4,703
3	Profit/(loss) for the period	5,773	140	9,783	3,350
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,349	-1,874	9,406	1,287
5	Basic earnings/(loss) per share (Subunit)	1.73	-0.61	3.04	0.42
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	1.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0600		1.0500

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

Quarter to Quarter Cepat is up from Rm1.44 to Rm1.73 or up by 20%

YoY it is up by 385%

ALL THRU YEAR 2020 PALM OIL CPO HAS GONE UP FROM RM2060 ON 5TH MAY TO RM2800 UNTIL SEPTEMBER 2020

SO FAR SO GOOD

NOW FROM OCTOBER TO NOVEMBER CPO HAS GONE PARABOLIC FROM RM2800 TO RM3400 & STILL GOING UP

SO WE CAN EXPECT CEPAT RESULT FOR FEB 2021 TO BE EXCELLENT OR FANTASTIC!

WHILE PERFORMANCE EXPECTED TO EXCELL ONLY PRICE IS STILL LAGGING

Best Regards

Calvin Tan Research

Singapore

Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.

ONE MORE THING

Since EPS is 1.73

Annualized is 1.73 x 4 = 6.92 sen

If we assign P/E of Glove at 30 to Cepat

Then 6.92 sen x 30 = 207.6 sen

Or Rm2.07

Is Cepat worth Rm2.07?

No need. P/E 15 for Palm Oil would be fair

So Rm1.03

Cepat today is 67 sen

So upside is a modest 53%

WARREN BUFFET SAYS

Warren Buffett Quote: “If a business does well, the stock eventually follows.”

CEPAT (8982)

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Discussions

Be the first to like this. Showing 1 of 1 comments

calvintaneng

What is true about cepat is also true in all plantation stocks as all experience higher Cpo, Ffb and palm kernal price rise as a whole

2020-11-17 13:14

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