THE INVESTMENT APPROACH OF CALVIN TAN
MHC PLANTATION IS GROSSLY UNDERVALUE PLANTATION JEWEL, By Calvin Tan Research
calvintaneng
Publish date: Thu, 25 Mar 2021, 09:27 PM
calvintaneng
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Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Dear Friends
Today Spritzer purchased 1,229 Acres Lands in Perak for Rm76.11 Millions
See my post in MHC Plant Forum
calvintaneng Today Spritzer bought lands in Perak
See
KUALA LUMPUR (March 25): Spritzer Bhd is acquiring an agriculture land near its existing mineral water plant in Air Kuning, Taiping for RM76.11 million, to set up a new plant.
The group said the 1,228-acre land, planted with oil palm trees, belongs to Trong Oil Palm Estates Sdn Bhd.
“The property is strategically located at Bukit Gantang, Perak,https://www.theedgemarkets.com/article/spritzer-buys-agriculture-land-...
Let us do a simple calculation
1,228 acres for Rm76.11 millions
How much per acre?
Rm76,110,000 divides by 1,228
= Rm61,978 per acre
Now go see MHC Plant lands in Perak
(from Annual report)
1. 849.8 Acres freehold lands in Perak with book value Rm3,419,000 (About Rm3.4 Millions)
To get price per acre
Rm3,419,000 divides by 849.8 acres
= Rm4,023 per acre
From here we see MHC Plant land cost only Rm4,000 per acre
Open Market Value now almost Rm62,000 per acre
That means MHC Plant land should be 15.5 X more if revalued
See
KUALA LUMPUR (March 25): Spritzer Bhd is acquiring an agriculture land near its existing mineral water plant in Air Kuning, Taiping for RM76.11 million, to set up a new plant.
The group said the 1,228-acre land, planted with oil palm trees, belongs to Trong Oil Palm Estates Sdn Bhd.
“The property is strategically located at Bukit Gantang, Perak,https://www.theedgemarkets.com/article/spritzer-buys-agriculture-land-...
Let us do a simple calculation
1,228 acres for Rm76.11 millions
How much per acre?
Rm76,110,000 divides by 1,228
= Rm61,978 per acre
Now go see MHC Plant lands in Perak
(from Annual report)
1. 849.8 Acres freehold lands in Perak with book value Rm3,419,000 (About Rm3.4 Millions)
To get price per acre
Rm3,419,000 divides by 849.8 acres
= Rm4,023 per acre
From here we see MHC Plant land cost only Rm4,000 per acre
Open Market Value now almost Rm62,000 per acre
That means MHC Plant land should be 15.5 X more if revalued
By Calvin Tan Research
25/03/2021 9:19 PM
See the Result of MHC Plant again
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2020
|
31 Dec 2019
|
31 Dec 2020
|
31 Dec 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
103,687
|
83,774
|
354,474
|
308,003
|
| 2 | Profit/(loss) before tax |
12,444
|
2,647
|
32,500
|
9,400
|
| 3 | Profit/(loss) for the period |
8,016
|
-811
|
22,821
|
3,675
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
4,221
|
7
|
13,438
|
2,501
|
| 5 | Basic earnings/(loss) per share (Subunit) |
2.15
|
0.00
|
6.84
|
1.27
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
1.50
|
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 ($$) |
1.2800
|
1.2200
|
||
| Remarks : |
This announcement is dated 23 February 2021. |
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 |
Announcement Info
| Company Name | MHC PLANTATIONS BHD |
| Stock Name | MHC |
| Date Announced | 23 Feb 2021 |
From the above we see Revenue increased from Rm83 Mil to Rm103 Millions (Up 19%)
NAV Up from Rm1.22 to Rm1.28
EPS is 2.15
Annualized is
2.15 x 4 = 8.6 sen
At today closing price of 74.5 sen its P/E is 8.6
And sells at 42% Discount to NTA (All at old book value)
WITH CPO OVER RM4,000 A TON THE FUTURE OF MHC PLANT NOW VERY BRIGHT
calvintaneng Today Spritzer bought lands in Perak
See
KUALA LUMPUR (March 25): Spritzer Bhd is acquiring an agriculture land near its existing mineral water plant in Air Kuning, Taiping for RM76.11 million, to set up a new plant.
The group said the 1,228-acre land, planted with oil palm trees, belongs to Trong Oil Palm Estates Sdn Bhd.
“The property is strategically located at Bukit Gantang, Perak,https://www.theedgemarkets.com/article/spritzer-buys-agriculture-land-...
Let us do a simple calculation
1,228 acres for Rm76.11 millions
How much per acre?
Rm76,110,000 divides by 1,228
= Rm61,978 per acre
Now go see MHC Plant lands in Perak
(from Annual report)
1. 849.8 Acres freehold lands in Perak with book value Rm3,419,000 (About Rm3.4 Millions)
To get price per acre
Rm3,419,000 divides by 849.8 acres
= Rm4,023 per acre
From here we see MHC Plant land cost only Rm4,000 per acre
Open Market Value now almost Rm62,000 per acre
That means MHC Plant land should be 15.5 X more if revalued
By Calvin Tan Research
See
KUALA LUMPUR (March 25): Spritzer Bhd is acquiring an agriculture land near its existing mineral water plant in Air Kuning, Taiping for RM76.11 million, to set up a new plant.
The group said the 1,228-acre land, planted with oil palm trees, belongs to Trong Oil Palm Estates Sdn Bhd.
“The property is strategically located at Bukit Gantang, Perak,https://www.theedgemarkets.com/article/spritzer-buys-agriculture-land-...
Let us do a simple calculation
1,228 acres for Rm76.11 millions
How much per acre?
Rm76,110,000 divides by 1,228
= Rm61,978 per acre
Now go see MHC Plant lands in Perak
(from Annual report)
1. 849.8 Acres freehold lands in Perak with book value Rm3,419,000 (About Rm3.4 Millions)
To get price per acre
Rm3,419,000 divides by 849.8 acres
= Rm4,023 per acre
From here we see MHC Plant land cost only Rm4,000 per acre
Open Market Value now almost Rm62,000 per acre
That means MHC Plant land should be 15.5 X more if revalued
By Calvin Tan Research
25/03/2021 9:19 PM
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Tomorrow is the last day before Ex 4 sen dividend or about 5% yield
This is better than Kossan
2021-04-20 21:01