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 1,826
Hi Guys,

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

 

TOP 25 QUOTES BY JOHN TEMPLETON (of 131) | A-Z Quotes

 

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
31 Mar 2021

 
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
31 Dec 2020

 
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

Hartalega Gloveon Paloma Nitrile Powder Free Examination Gloves (1 Box)

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

 

 

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
Discussions
2 people like this. Showing 35 of 35 comments

gladiator

Harta results below expectation use Kossan profit to compare better.

2021-05-05 14:54

calvintaneng

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

calvintaneng

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

Sslee

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

calvintaneng

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

calvintaneng

ijm plant owns one palm oil mill in Kalimantan and 4 palm oil mill in SABAH

2021-05-05 21:38

Sslee

Downstream mean turning CPO and PKO into Functional Fat, Fatty Acid, Glycerine, Soap, Fatty Alcokol, Biodiesel , Ester and Etc

2021-05-05 22:57

calvintaneng

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

stockraider

Post removed.Why?

2021-05-05 23:20

calvintaneng

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

stockraider

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

calvintaneng

Post removed.Why?

2021-05-06 08:33

amateurJR

Calvin, U din mention MHC ? Why? Not good?

2021-05-06 18:08

calvintaneng

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

calvintaneng

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

stockraider

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

kelvin61

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

stockraider

Just buy mah!
surewin loh!

2021-05-07 14:15

calvintaneng

when there is a great shower of rainfall

every tree in the forest will get wet with blessing

2021-05-07 15:21

calvintaneng

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

stockraider

Big thanks to Sifu Calvin for IJM Promotion loh!

2021-06-09 19:24

calvintaneng

Good morning Sifu Stockraider

TYVM

2021-06-10 09:09

calvintaneng

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

calvintaneng

Go buy these now

Tsh resources
Thplant
Taann

Super potential ones!!!

2021-08-28 15:15

calvintaneng

Wahaha

Ijmplant up 60% while harta down 40%

2021-11-19 08:36

calvintaneng

Where is afraid

2021-11-19 08:36

calvintaneng

No. Should be where is Alfred

2021-11-19 08:37

calvintaneng

Alfred sounds like afraid

Better follow Calvin

Cal = call
Vin = win

2021-11-19 08:39

Intrinsic99

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

calvintaneng

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

oskchoon

Year end sales for Glove and EMS counters...

2021-11-22 18:11

calvintaneng

HARTA HAS FALLEN BELOW RM3.00

BY NEXT YEAR TSH MIGHT ALSO OVERTAKE HARTA AS WELL

2022-06-21 00:08

calvintaneng

NOW IS THE TIME TO BUY TSH RESOURCES!!!

RM1.05 Now

Target Rm2.00

Then Rm2.70 & Rm4.00

2022-07-31 23:52

calvintaneng

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

calvintaneng

HAAPY MORNING

2023-03-11 12:59

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