THE INVESTMENT APPROACH OF CALVIN TAN
GREATEC VERSUS CEPATWAWASAN: TECH STOCKS TOO EXPENSIVE TO CHASE & PALM OIL TOO CHEAP TO IGNORE, Calvin Tan
calvintaneng
Publish date: Thu, 12 Aug 2021, 08:46 AM
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 Investors & Traders of i3 Forum
Yesterday both Greatec & Cepatwawasn reported the same profi of 3.07 sen each
But Greatec at 10X (times) more expensive than Cepat price shows gross overvaluation. As such Greatec now looks like a Big Bubble in danger of bursting
See
GREATEC
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 2021
|
30 Jun 2020
|
30 Jun 2021
|
30 Jun 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
136,357
|
56,222
|
231,499
|
108,960
|
| 2 | Profit/(loss) before tax |
38,761
|
17,830
|
85,774
|
36,631
|
| 3 | Profit/(loss) for the period |
38,382
|
17,629
|
85,041
|
36,116
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
38,380
|
17,629
|
84,996
|
36,109
|
| 5 | Basic earnings/(loss) per share (Subunit) |
3.07
|
1.41
|
6.79
|
2.88
|
| 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 ($$) |
0.2985
|
0.2290
|
||
Greatec is Rm7.05
It earns 3.07 sen this qtr
Annualised is 3.07 x 4 = 12.28 sen
P/E = 705 divides by 12.28
= 57.41
This is quite bad
See Bank FD is 1.75%
or 100/ 1.75
= 57.14 P/E
Both takes about 57 years to double your money at this rate of growth
CEPATWAWASAN
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Jun 2021
|
30 Jun 2020
|
30 Jun 2021
|
30 Jun 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
81,386
|
56,088
|
131,977
|
104,399
|
| 2 | Profit/(loss) before tax |
13,756
|
6,418
|
20,680
|
5,688
|
| 3 | Profit/(loss) for the period |
10,338
|
4,677
|
16,478
|
4,010
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
9,475
|
4,759
|
15,082
|
4,057
|
| 5 | Basic earnings/(loss) per share (Subunit) |
3.07
|
1.54
|
4.88
|
1.31
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
2.50
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.1100
|
1.0800
|
||
|
|
|
||||
Cepat is 67 sen
This qtr earns 3.07 sen
Annualised 3.07 x 4 = 12.28
P/E = 67/12.28
= 5.45
It takes only 5.45 years to make 100% increase
This shows chearly that Cepat (Palm Oil) is very cheap & undervalue
Best Regards
Calvin
Please buy/sell after doing your own due diligence. Or consult your Remisier/Fund Manager
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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....
calvintaneng
After Tech sold down in China & Tech IPO failed in Korea
Now US Dow up but Nasdaq down
That shows people are selling overvalued Tech stocks everywhere & moving to more Traditional Business
See
https://edition.cnn.com/business
2021-08-12 09:03