Hi guys,
As my usual hobby I love to find undervalue LAGGARD Stocks. Once a Stock flew away into high high prices I always tell people not to chase
The Investment Approach of Buying low & hope to sell high is my forte. Not chase high with the hope of selling higher.
Now these are the reasons why ThPlant is still a palm oil laggard
1) THPLANT HAS MET THE GOLDEN RULE OF 2 QUARTERS POSITIVE EARNINGS
See
SUMMARY OF KEY FINANCIAL INFORMATION
|
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 |
127,570
|
106,113
|
243,121
|
221,396
|
2 | Profit/(loss) before tax |
25,431
|
-29,088
|
10,943
|
-32,121
|
3 | Profit/(loss) for the period |
13,349
|
-22,745
|
401
|
-31,647
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
8,157
|
-19,150
|
-3,374
|
-27,241
|
5 | Basic earnings/(loss) per share (Subunit) |
0.92
|
-2.17
|
-0.38
|
-3.08
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
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 ($$) |
0.6300
|
0.6400
|
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
2ND QUATER RESULT SHOWED A GOOD TURNAROUND
From a loss of 2.17 sen to a profit of 0.92 Sen
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
30 Sep 2020
|
30 Sep 2019
|
30 Sep 2020
|
30 Sep 2019
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
167,430
|
136,007
|
410,551
|
357,403
|
2 | Profit/(loss) before tax |
37,776
|
-48,791
|
48,719
|
-80,912
|
3 | Profit/(loss) for the period |
23,864
|
-40,013
|
24,265
|
-71,660
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
15,772
|
-31,609
|
12,398
|
-58,850
|
5 | Basic earnings/(loss) per share (Subunit) |
1.78
|
-3.58
|
1.40
|
-6.66
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.6600
|
0.6400
|
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 |
AND 3RD QUARTER EVEN BETTER THAN 2ND QUARTER
REVENUE UP FROM RM127 MILLIONS TO RM167 MILLIONS
PROFIT INCREASED FROM 0.92 SEN TO 1.78 SEN (OR UP 93%)
NAV ALSO UP FROM 63 SEN TO 66 SEN
SO FAR SO GOOD
WHAT ABOUT NEXT QUARTER & THE NEXT?
WHAT IF PRODUCTION OF FRESH FRUIT BUNCHES DECREASE FROM NOV 2020 TO FEBRUARY 2021?
TO FIND THE TRUTH LET US GO BACK TO SEE THE LAST QTR REPORT
HA! FOR THE PROFIT OF 1.78 SEN THEY BENCHMARK CPO PRICES AT RM2,477 PER TONNE
THAT WAS UNTIL SEPTEMBER 31TH 2020
AND FROM OCTOBER, NOVEMBER AND DECEMBER 5TH AS WE TYPE FCPO HAS REACHED THE LOFTY HEIGHT OF RM3,690 A TONNE
13 | FCPO | Dec 2020 | 3,530.00 | 2,450.00 | - | 3,690.00 |
+186.00
|
3,695.00 | 3,530.00 | 180 | 2,241 | 3,645.00 |
14 | FCPO | Jan 2021 | 3,440.00 | 3,450.00 | - | 3,553.00 |
+142.00
|
3,560.00 | 3,426.00 | 3,357 | 25,187 | 3,552.00 |
UP BY HOW MANY PER CENT?
RM3,690 - RM2,447 = RM1,243
DIVIDES RM1,243 BY RM2,447 = 50.79%
WILL FFB OR CPO DROP BY 50%?
NO! ONLY 10% TO 15%
SO THE OVERALL PICTURE PAINTS A VERY BRIGHT FUTURE
WHY?
LET US LOOK AT THE COMMENTS FROM LAST QTR RESULTS
True Visionary Statement!
India suffered the La Nina Cyclones & Floods. Maharastha state where Onion, Corn & Soybean are produced have been inundated by Floods - wiping out its crops. Red onions from India has jumped from Rm3 a kg to Rm18 a kg or up 600%
Fearing for its 1.35 BILLION CITIZENS INDIAN GOVT HAS REDUCED CPO IMPORT BY 10%
China 1.39 BILLION PEOPLE Upcoming CHINESE NEW YEAR ON FEBRUARY 12 2021 WILL NEED LOTS OF PALM OIL AS ITS SOYBEAN & CORN WERE WIPED OUT BY 3 SUPER TYPHOONS, HAISHEN & MAYSAK THIS YEAR= ALL DUE TO LA NINA EFFECT
RIGHT NOW IN SOUTH AMERICA BRAZIL, ARGENTINA, BOLIVIA, URUGUAY & PARAGUAY SOYBEAN PLANTING SEASON ALMOST OVER AND YET DRY WEATHER OVER 95 DEGREE FARENHEIGHT ARE DAILY OCCURANCE
AND SO CAN WE EXPECT PALM OIL TO GO MUCH MUCH HIGHER OR IF NOT AT LEAST SUSTAIN ITS PRICES ABOVE RM3,000 A TONNE?
SINCE COST OF PRODUCTION AROUND RM1,700 ALL PALM OIL COMPANIES SHOULD DO WELL
NOW LET US TAKE A LOOK AT WHO ARE THE TOP 30 HOLDERS OF THPLANT
1) TABUNG HAJI (Now cleaned up like FGV)
2) Public Mutual Fund
3) Pertubuhan Peladang Negeri Terengganu at Top 5.
Ha! Trengganu Govt also in Top 30. No wonder TDM bought 70% stake in one of Th Plant subsidiary. TDM like Tmakmur people value add by rearing Animals for Sale in Palm oil plantations
But look at 4 & 5
4) Dynaquest has 750,000 shares of Th Plant.Yes Dynaquest by Grand Champion Master Sifu Investor Dr Neoh Soon Kean
5) Neoh Choo Ee & Company Sdn Bhd. Wahaha. This is the private personal investment of Sifu Dr. Neoh
He owns a whopping 3.7 Million shares of Thplant and he is in number 9
Total 30 Topholders own 86.5% of TH PLANT Shares according to Annual Report. So free float only 13.5%
Best Regards
Calvin Tan Research
Republic of Singapore
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
Created by calvintaneng | May 10, 2024
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That means the upside of palmoil above Rm 3500 is still sustainable going fwd loh!!
"Soya Bean Oil {SBO} price premium over CPO currently stand at USD 195 per tonne. Consumers in India, Pakistan and other sub continents are price sensitive."!
2020-12-05 15:55
EngineeringProfit
Both are still in dormant state. I added more Netx recently. In the rotation and unlocking of value their time will come back
For now i ride the palm oil bull
Ogse bull was great
Nfcp bull stalled due to political change
Medical glove bull was spectacular
Now is cpo bull
So to every thing there is a season and a time for every purpose under the sun
2020-12-05 16:48
@calvintaneng Targeted
Yes, I got Mhc plant
Excellent company
>>>>>>>>>>
Thanks Calvin
2020-12-05 20:18
additional points on Thplant
1. PPE has increased
2. Debt has further pared down
3. Cash position has increased
4. With the reduction of bank interest rate there is further savings from interest charges
5. It's assets are getting more valuable as development reaches them
2020-12-06 19:27
Like Fgv Thplant also got rubber plantations
With high demand from rubber gloves latex rubber prices now powering up just like Cpo
So Thplant got double benefit from the right industries
2020-12-06 19:31
Dr Neoh Stock Performance Guide rating for Thplant is
4 Star
Dr Neoh used Dynaquest to buy 750,000 shares of Thplant but his own fund thru Neoh Choo Ee and Company bought 3.7 million Thplant shares show his strong faith in Thplant
2020-12-06 21:45
Very good morning to all who visit this post
I just noticed Qj1512 clicked likes
One and only one clicked likes for Thplant
This is a good sign Thplant has highest potential
Listen to the words of Legendary John Templeton
Bull market is born in pessimism
Grows in skepticism
Matures in optimism
Dies in euphoria
Yes. Best time is to buy at maximum pessimism when others are still skeptical
And the best time to sell at maximum euphoria later
2020-12-07 07:04
Luckyme123 clicked likes
Now skepticism gives way to little bit hope and then optimism
2020-12-07 09:53
WHOA FCPO JAN 2021 NOW REACHED RM3,877
GOING UP LIKE BALLISTIC MISSILE
2020-12-24 15:26
calvintaneng
Thplant 12 months high was 68.5 sen when cpo was highest around Rm3200
Now at Rm3,680 Thplant should easily go past it's previous 12 month high of 68.5 sen to reach Rm1.00
2020-12-05 15:12