THE INVESTMENT APPROACH OF CALVIN TAN
SIME PROPERTY VERSUS SIME PLANT : Property Versus Palm Oil, Compare & Contrast Their Prices, Earnings & EPS, Calvin Tan Research
calvintaneng
Publish date: Thu, 26 Aug 2021, 11:24 PM
calvintaneng
0 1,792
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.
Hi guys,
Let's see how Simedarby perform
It has two divisions
1) SIMEPROPERTY
2) SIME PLANTATION
Sime Property results
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 |
502,825
|
288,225
|
1,092,312
|
764,962
|
| 2 | Profit/(loss) before tax |
57,268
|
-113,839
|
152,271
|
-119,501
|
| 3 | Profit/(loss) for the period |
26,545
|
-111,262
|
92,598
|
-121,797
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
19,905
|
-92,995
|
80,512
|
-90,276
|
| 5 | Basic earnings/(loss) per share (Subunit) |
0.30
|
-1.40
|
1.20
|
-1.30
|
| 6 | Proposed/Declared dividend per share (Subunit) |
1.00
|
0.00
|
1.00
|
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 ($$) |
1.3500
|
1.3200
|
||
This qtr profit 0.30 sen
Annualised 0.3x 4 = 1.2 sen
SimeProp price today is 63 sen
So P/E = 63/1.2
= 52.5
It will take 52.5 years to double your money
SIMEPLANT
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Jun 2021
|
30 Jun 2020
|
30 Jun 2021
|
30 Jun 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
4,411,000
|
3,216,000
|
8,084,000
|
6,260,000
|
| 2 | Profit/(loss) before tax |
920,000
|
519,000
|
1,696,000
|
1,126,000
|
| 3 | Profit/(loss) for the period |
673,000
|
413,000
|
1,284,000
|
914,000
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
617,000
|
378,000
|
1,179,000
|
846,000
|
| 5 | Basic earnings/(loss) per share (Subunit) |
9.00
|
5.50
|
17.10
|
12.30
|
| 6 | Proposed/Declared dividend per share (Subunit) |
7.90
|
4.02
|
7.90
|
4.02
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.0900
|
1.9800
|
||
Qtr profit 9.00 sen
Annualised 9 x4 = 36
SIMEPLANT Price today Rm4.16
P/E = 416/36
= 11.5
It only takes 11.5 years to double your money
TWO COMPANIES UNDER SAME MANAGEMENT
WHY RESULTS SO DUFFERENT
THESE ARE THE ANSWERS
1) SIMEPROP IS IMPACTED BY HIGH COST OF CONSTRUCTION MATERIAL & LACK OF WORKERS PLUS MCO LOCK DOWN
2) SIMEPLANT BENEFITS FROM HIGH CPO PRICES PLUS PLANTATION BUSINESS CAN CONTINUE DURING MCO LOCK DOWN
THE VERDICT?
OF COURSE PALM OIL BUSINESS IS BETTER THAN PROPERTY NOW
Best Regards
Calvin Tan
Please buy or 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....
