THE INVESTMENT APPROACH OF CALVIN TAN
IJMPLANT (2216) Rm1.86 Versus HARTALEGA GLOVE (5186) Rm9.98 COMPARE & CONTRAST THEIR PROSPECTS, Calvin Tan Research
calvintaneng
Publish date: Wed, 05 May 2021, 02:19 PM
calvintaneng
0 1,791
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/Investors of i3 Forum,
HARTALEGA HAS JUST REPORTED ANOTHER QUARTER OF GOOD RESULT
AND HARTA PRICE IS RM9.80 AMONG THE HOTTEST GLOVE STOCKS
IJMPLANT IS QUITE NEGLECTED AND UNLOVED, UNWANTED & OVERLOOKED
Hence IjmPlant attracts our attention
See
PRECISELY!
90% OF THE MARKET IS NOW FULLY AWARE & BULLISH ON HARTALEGA. SO IT IS GOING TO END ON EUPHORIA AS UPSIDE IS LIMITED
90% OF THE PEOPLE ARE BEARISH ON IJMPLANT & PALM OIL AS A WHOLE. SO THERE IS STILL LOTS OF ROOM FOR UPSIDE
Now let's look at 4 Qtr Forward P/E of Hartalega
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 |
||
|
31 Mar 2021
|
31 Mar 2020
|
31 Mar 2021
|
31 Mar 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
2,299,858
|
778,238
|
6,695,862
|
2,924,313
|
| 2 | Profit/(loss) before tax |
1,511,790
|
136,752
|
3,813,443
|
555,430
|
| 3 | Profit/(loss) for the period |
1,125,074
|
114,276
|
2,903,659
|
434,397
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,119,093
|
114,415
|
2,885,410
|
433,618
|
| 5 | Basic earnings/(loss) per share (Subunit) |
32.75
|
3.40
|
84.43
|
12.88
|
| 6 | Proposed/Declared dividend per share (Subunit) |
17.70
|
2.05
|
33.30
|
7.55
|
|
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 ($$) |
1.4500
|
0.7500
|
||
This Qtr result 32.75 sen
Forward 4 qtr P/E
32.75 x 4 = Rm1.31
At share price of Rm9.98
Its P/E = Rm9.98 divides by Rm1.31
= 7.61
It will take 7.61 years to double your money
Now look at IJM PLANTATION
'
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2020
|
31 Dec 2019
|
31 Dec 2020
|
31 Dec 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
271,957
|
237,812
|
689,312
|
543,740
|
| 2 | Profit/(loss) before tax |
98,850
|
33,303
|
211,718
|
22,966
|
| 3 | Profit/(loss) for the period |
70,180
|
21,446
|
154,903
|
13,294
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
66,590
|
20,063
|
147,666
|
12,964
|
| 5 | Basic earnings/(loss) per share (Subunit) |
7.56
|
2.28
|
16.67
|
1.47
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.5700
|
1.3500
|
||
7.56 sen
Forward 4 x P/E
7.56 x 4 = 30.24 sen
Price Rm1.86 so
P/E = Rm1.86 divides by 30.24
= 6.15 (It will take 6.15 years to double your money)
THIS DEMONSTRATES NEGLECTED IJM PLANT HAS BETTER POTENTIAL THAN POPULAR HARTALEGA NOW.
HARTA BEING SO POPULAR HAS ATTRACTED MANY NEW GLOVE WANNABEES FROM MALAYSIA, THAILAND AND AS FAR AS CHINA
IT ONLY TAKE 6 MONTHS TO START A NEW GLOVE FACTORY
BUT IT TAKES 3 YEARS TO PLANT AND HARVEST PALM FRUIT
SO HARTA AFTER ONE YEAR IS NOW FACING COMPETITION (AND GETTING INTO PRICE WAR
See
$26.00
Above is taken from Lazada Sg today & harta is selling at a 13% discount
Others like TopGlove (15% discount), Careplus (17% discount) Rubberex (33% discount) Supermax (40% discount)
That is not counting Gloves from China, Australia & Thailand all fighting over buyers now in both Lazada Sg & Alibaba China
While Palm Oil has surprise of scarcity & price rise
See
CPO HAS GONE UP FROM LOW OF RM2,000 TO RM4,000 PER TON (UP 100%)
And Singapore Wilmar just reported a jump of 100% profit
WILMAR International's net profit doubled to US$450.2 million in Q1 2021 from US$224.1 million in the previous year, setting a record for the agribusiness group's first-quarter results since its listing.
Wilmar said all of its core businesses put in a strong performance in the quarter. The results were boosted by a reversal of mark-to-market losses on hedging derivatives recorded in Q4 2020.
Since IjmPlant has Mills which supply CPO to Wilmar their business performance should mirror each other
Both IjmPlant & Wilmar got plantations in Sabah, Kalimantan & Sumatra together
AND WITH BORDERS' CLOSED IN COVID 19 LOCK DOWN IJM PLANTATION IN INDONESIA HAS PLENTY OF FFB HARVESTERS
AND LIKE HARTA IJM PLANT VALUE ADD TO ITS OPERATION BY SETTING UP 4 PALM OIL MILLS IN SABAH & ONE IN KALIMANTAN
IT ALSO BUY FFB (FRESH FRUIT BUNCHES FROM OTHERS TO PROCESS THEM INTO CPO
See this https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145642
SO IJMPLANT HAS THESE SALIENT FACTORS
IT HAS A LOWER P/E THAN HARTA
IT IS MOVING UP FROM CYCLICAL LOW TO CYCLICAL HIGH WHILE HARTA NOW AT PEAK AND FURTHER UPSIDE IS LIMITED
ITS PALM OIL ESTATES HAVE NO LABOUR CONSTRAINT
WITH CPO OVER RM4,000 PER TON IJM PLANT PROFITS WILL EXPLODE UPWARD IN COMING MONTHS
SEE FURTHER
| TAN SRI DATO' TAN BOON SENG @ KRISHNAN | 06-Apr-2021 | Acquired | 50,000 | 1.740 |
 |
| TAN SRI DATO' TAN BOON SENG @ KRISHNAN | 04-Jan-2021 | Acquired | 48,000 | 1.830 |
THIS YEAR INSIDER/DIRECTOR STARTS BUYING IJMPLANT (LOOKS LIKE LAST YEAR MAY 2020 WHEN SUPERMAX INSIDERS BUYING??) SOMETHING GOOD COMING AHEAD?
IJMPLANT IS NOW RM1.86
TARGET PRICE IS RM4.00 (YEAR HIGH OF 2014 CYCLICAL PEAK)
DR. NEOH OF DYNAQUEST GAVE IJM PLANT A 4.5 * RATING
BEST REGARDS
Calvin Tan Research
Please do not buy or sell Until AFTER doing your own due study and diligence. In doubt please consult your Remisier or Fund Manager
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Rimbunan Sawit to beef up crop production and yield, By JACK WONG (Calvin Tan comments)
Created by calvintaneng | Apr 06, 2024
Discussions
2 people like this. Showing 35 of 35 comments
Kossan?
Yes are correct! Kossan has better earnings. I like Kossan best but still I reluctantly take profit as well
Now since cannot open on content page
See this
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145642
2021-05-05 15:09
Supermax now at cyclical peak no more ASP but engage in price cutting war https://www.ninelife.sg/products/aurelia-267010-vibrant-latex-powder-free-exam-gloves-xlarge-box-of-100
2021-05-05 15:45
In Indonesia only downstream benefit from high price of CPO because of export duty and levy on CPO.
Export tax increase in line with a raise in the reference price to $1,093.83/ton for April from $1,036.22 in March
Indonesia to Increase CPO Export Tax to $116 per Ton for April.
Govt maintains the additional levy that exporters must pay at $255/ton.
Hence CPO local price is usd 371 below international market price of USD 1093.
2021-05-05 20:45
Correct
ijm plant in Kalimantan has gone into downstream products of buying fresh fruit bunches plus its own Ffb for processing into
Cpo
palm kernal oil
palm kernal cake
biomass
bioenergy products
2021-05-05 21:24
ijm plant owns one palm oil mill in Kalimantan and 4 palm oil mill in SABAH
2021-05-05 21:38
Downstream mean turning CPO and PKO into Functional Fat, Fatty Acid, Glycerine, Soap, Fatty Alcokol, Biodiesel , Ester and Etc
2021-05-05 22:57
Ok lah
Cpo already up 100% from Rm2200 to Rm4400 even after Tax still very good
palm kernal oil also up
palm kernal cake price going up as chicken and cow feedstock of corn up 40%
Biomass and bioenergy are part of downstream
all these profits reflected in its 6.15 forward P/E which will even shrink further in months ahead
What more can we ask for ?
2021-05-05 23:18
After not forgetting huge savings of abundant pool of indon workers now
Wages in Malaysia is from Rm900 to Rm1,500 depending on skill and speed
In indonesia labour cost only Rm600 to Rm700
While Malaysian palm oil fruits left unharvested there is abundant workers for hire in Indonesia
2021-05-05 23:22
Yes we can do something mah!
We can start promoting & sing aloud loh!
Posted by investor223 > May 5, 2021 5:39 PM | Report Abuse
When big boys not interested in pushing up. There is nothing anybody can do about it.
2021-05-05 23:28
MHC PLANT IS VERY GOOD AS A DIVIDEND PLAY WHICH I ALSO HOLDING
BUT SINCE FCPO IS A FANTASTIC RM4,718!!
GO FOR THESE THAT OWN THE LARGEST PLANTATION LANDS LIKE
SIME DARBY PLANT
FGV
THPLANT (Tiny Hidden Plant --- Later Tall Hot Plant)
Remember Prestar - Buy it before it turns into a Star (Prestar buy call was 43 sen)https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-06-story-h1509770267-PRESTAR_9873_Or_Pre_Star_Buy_Before_it_Turns_into_A_STAR_Calvin_Tan_Res.jsp So don't chase Prestar now. If got sell Prestar buy Palm oil
JTIASA (GIANT TREASURE)
BPLANT
ALL THESE WILL DO EXCEPTIONALLY WELL
ALL PALM OIL SHARES WITH BIG PLANTATION HOLDINGS ARE "STAR BUYS" NOW
2021-05-06 19:33
Today May 2021 Fcpo is Rm4,718
Another World record in Cpo 100 years history
All palm oil shares still going at great bargain entry prices
Must seize the opportunity of the moment
2021-05-06 20:38
Remember 2 of the most richest & savvy investors w.buffet & bill gates like investing in farmland now mah!
U can emulate them now too mah....!!
Quickly Buy into palmoil plantation now b4 it price shoot up mah!
Time to be a little bit more contraian in view of mkt at reasonable high level mah!
Warren buffet says inflation is definitely coming in view of low interest interest and speculative sign such as bitcoin, rubbish stock price run up sky high and unrealistic stock valuation & expectation and now raw commodities price run up mah!
Bill Gates already bought alot of farmland at low in preparation & in anticipation for the coming armmagedoom coming mah!
Why would one the world tech best richest owner switch alot of his investment into farmland, this bcos farmland or value real estate if it is bought at reasonable low price, u cannot go wrong over longterm bcos the availability of land is limited, u cannot manufacture land like bitcoin mah!
Coming back to msia the equivalent to farmland is oil plantation, u still can get it real cheap & it is paying u reasonably good dividend loh...this is the best defensive & offensive play like bill gates and warren buffet had highlighted mah!
As calvin sifu said timber is at record price & palmoil at record price surely some optimism will spillover to plantation & timber share price mah!
But this up 1 to 2 sen is chicken feed mah, why up so little leh ??
Timber & palmoil share r suffering from lack of production mah and also huge impairment losses on its assets mah & previous falling share price mah!
Thus they are jittery on recovery of palmoil & timber share loh!! They want to see actual profit b4 jump in loh!!
That means if u base on profit...as indicator that means the share price will be lagging loh!
Then why promote Wtk leh ??
1. The owner , directors and insiders already accumulating quietly without fanfare mah!
2. The palmoil & timber production volume of wtk, mhc, jtiasa, boustead, ijm plant already creeping up loh...this is further support by the record price of its commodities. Just imagine u have higher prices & higher volume....that will be a very important sign of higher big profit coming mah!
3. The share price already corrected over 3 yrs of downtrend previously, when there is a big shakeout of all the weak holders...u can only grow more optimistic as time past by loh!
4. Wtk is sitting on some prime land that invested at a very low cost near major town & city, they are good development mah!
5. With all the liquidity & quantitative easing & low interest rate environment, u can see big inflation will be coming loh...!! Wtk in commodities business plus very big cheap land bank is a very good inflation protector mah!
Based on the above i think wtk , jayatiasa & ijmplant is the best pick to make profit & this is concur by sifu calvin findings also mah!
2021-05-06 21:50
All heaven will break loose soon on many Plantation Stocks once the Jan-Mar21 result is announced. JTIASA, IJMP, SWPLT, MHC, etc would be among them, cheers.
2021-05-07 13:55
when there is a great shower of rainfall
every tree in the forest will get wet with blessing
2021-05-07 15:21
ON MAY 5 2021
BUY CALL ON IJMPLANT WAS RM1.86
KLK CASH OFFER FOR IJMPLANT (RM3.20 : CASH RM3.10 & 10 SEN DIVIDEND)
SO GAIN IS RM1.34 IN ONE MONTH'S TIME
UP 72%
MANY HAPPY RETURNS
TYVM
PRAISE THE GOOD LORD JESUS!
AMEN!
2021-06-09 19:23
Hopefully KLK will maintain the listing of IJMPLANT even after IJM sold its portion to KLK
Last time during 9MP (Malaysia Plan) When Badawi Implement Huge Infrar Projects
ALL CEMENT WENT INTO A COLLECTIVE SUPER BULL RUN
CIMA (CEMENT INDUSTRY OF MALAYSIA)
YTL CEMENT
TASEK CEMENT
GOPENG HANJOONG CEMENT (OWN 1/3 OF YTL CEMENT)
LAFARGE CEMENT
OF THE ABOVE
CIMA WAS TAKEN PRIVATE BY UEM & DELISTED
YTL CEMENT TAKEN PRIVATE BY YTL
YTL CEMENT BOUGHT OVER HANJOONG CEMENT'S SHARE OF YTL CEMENT (1/3 FROM GOPENG)
AND HONG LEONG OFFERED TO TAKE OVER TASEK CEMENT AT RM3.80
BUT SURPRISE OF SURPRISES!!
HONG LEONG ALLOWED TASEK TO STAY LISTED
THEN TASEK CEMENT ZOOMED TO OVER RM16.00 IN ITS CYCLICAL PEAK
SHOULD KLK ALLOW IJMPLANT TO STAY LISTED THEN IJM PLANT WITH THE SYNERGY OF KLK SHOULD POWER TO RM4.00 OR RM5.00 OR EVEN HIGHER
SO HOLD FIRST!
DON'T SELL YET
TYVM!
Happy Regards
Calvin
2021-06-10 09:16
Time to examine deeply the recent quarterly result for "ATAIMS", I think no any shareholder can expect the result so poor, if you look at YR 2020 net profit by RM 150 mil and YR 2019 net profit by RM 76 mil
Before result announced, most of the traders, investors or fund managers also compliment high prospect of demand for tech sector
After poor result announcement, we can see what are the huge reaction of the market, that's massive selling down. So, is the good time to consider, when so much noise to promote respective sector, you think what will happen later (last year glove sector, this year tech sector)
>>>
When promoter always so much of sweat talk so much of approach for sure this iddiot spammer wanted to cash out from the stock purchased
Other members also buying valuable stocks but not behave like this iddiot spammer
We all feel ridiculous nonstop posting nonstop promoting
As I said earlier, if you so confidence to wait and if you so confidence what you invest why everyday need to promote, why everyday put up so many blog, why everyday go different stocks forum keep on promoting your palm oil stocks?
This is very obvious you desperately want to cash out your share bought and treat other members as waterfish.
Now all open your eye and see this iddiot spammer sold all MHC stock since this iddiot spammer so confidence about the palm oil sector earlier and keep on promoting to all members everywhere.
https://klse.i3investor.com/servlets/forum/600571451.jsp
>>>
I so pity members here listen to this iddiot end up you can burn you hard earned money and this iddiot laughing at you later.
In the real world, no free lunch to people unless you want to take advantage from others
I don't know why 3iii administrator didn't take any action to suspend this iddiot account to avoid further keep on spamming everyday and every way
I pegging administrator need to take proper action against this spammer in order to strengthen protection more and more victim investors.
2021-11-19 12:26
Bon voyage to Ijmplant
Was Rm1.86
taken private by Klk at Rm3.20(Rm3.10 plus 10 sen dividend)
Up a nice 72%
not free lunch but SUBSTANTIAL GAIN
2021-11-22 17:07
HARTA HAS FALLEN BELOW RM3.00
BY NEXT YEAR TSH MIGHT ALSO OVERTAKE HARTA AS WELL
2022-06-21 00:08
NOW IS THE TIME TO BUY TSH RESOURCES!!!
RM1.05 Now
Target Rm2.00
Then Rm2.70 & Rm4.00
2022-07-31 23:52
TSH RESOURCES WILL RECEIVE RM731.09 MILLIONS FROM LAND SALE
PROFIT IS 31 SEN
WHEN PROFIT DECLARED EARLY NEXT YEAR
THEN KABOOOOOOM TSH WILL FLY UP
PEOPLE SURE REACT TO GOOD NEWS
TO BUY NOW AT RM1.05 IS VERY CHEAP
ONLY PRO ACTIVE PEOPLE WILL BUY AND HOLD
2022-07-31 23:55
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4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gladiator
Harta results below expectation use Kossan profit to compare better.
2021-05-05 14:54