THE INVESTMENT APPROACH OF CALVIN TAN

SOP VERSUS WIDETEC : PALM OIL VERSUS TECH: Compare & Contrast Their Earnings & Share Price, Calvin Tan Research

calvintaneng
Publish date: Sat, 11 Sep 2021, 10:55 PM
calvintaneng
0 1,791
Hi Guys,

I have An Investment Approach I which I would like to all.

Hi guys

We have chosen two stocks to SEE their Actual Value & Their Current Prices

Investing in Under Value GOLD (SOP) or Chasing a GORENG (WIDETEC) Share???

 

See the Results of SOP Last 3 Quarters

 

Now see the earnings of last few quarters
 

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
820,395
923,293
2,759,423
2,971,870
2 Profit/(loss) before tax
45,578
76,758
300,318
131,308
3 Profit/(loss) for the period
25,943
50,473
218,272
91,592
4 Profit/(loss) attributable to ordinary equity holders of the parent
18,820
48,523
202,200
89,456
5 Basic earnings/(loss) per share (Subunit)
3.30
8.49
35.42
15.67
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
5.00
5.00
   
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 ($$)
4.1600
3.8600
 
In Feb 2021 SOP reported a profit of 3.3 sen
 
 
 
 

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
788,322
518,084
788,322
518,084
2 Profit/(loss) before tax
113,033
96,309
113,033
96,309
3 Profit/(loss) for the period
86,610
74,308
86,610
74,308
4 Profit/(loss) attributable to ordinary equity holders of the parent
79,057
71,202
79,057
71,202
5 Basic earnings/(loss) per share (Subunit)
13.84
12.47
13.84
12.47
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 ($$)
4.3000
4.1600

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

 

 
 
 
IN MAY 2021 SOP PROFIT JUMPED TO 13.84 SEN
 
 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2021

 
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
949,046
626,060
1,737,368
1,144,144
2 Profit/(loss) before tax
146,620
51,513
259,653
147,823
3 Profit/(loss) for the period
107,918
41,028
194,528
115,337
4 Profit/(loss) attributable to ordinary equity holders of the parent
98,320
38,342
177,377
109,545
5 Basic earnings/(loss) per share (Subunit)
17.20
6.72
31.04
19.19
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 ($$)
4.4800
4.1600
 
 
LATEST AUGUST 2021 RESULT SHOWS SOP AGAIN INCREASED ITS PROFIT TO A NEW HIGH OF 17.20 SEN PER SHARE QUARTER (NET ASSET VALUE (NAV)  ALSO UP: Rm4.16: Rm4.30: Rm4.48 
 
 
FROM THE ABOVE WE SEE VERY SOLID & INCREMENTAL EARNINGS OF SOP FOR THE LAST 3 QTRS INCREASING MORE & MORE
 
 
Now look at Widetec Last 3 Qtr results
 
 

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
3,044
2,187
7,922
6,415
2 Profit/(loss) before tax
423
272
-2,064
1,083
3 Profit/(loss) for the period
328
237
-2,197
1,010
4 Profit/(loss) attributable to ordinary equity holders of the parent
333
228
-2,153
1,030
5 Basic earnings/(loss) per share (Subunit)
0.74
0.51
-4.81
2.30
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 ($$)
0.8000
0.8500
 

Widetec made a 0.74 sen profit (Profit is razor thin at less than 1 sen) for February 2021

 

 

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
3,903
2,067
11,825
8,482
2 Profit/(loss) before tax
851
-318
-1,213
765
3 Profit/(loss) for the period
-41
-388
-2,238
622
4 Profit/(loss) attributable to ordinary equity holders of the parent
-41
-360
-2,194
670
5 Basic earnings/(loss) per share (Subunit)
-0.09
-0.80
-4.90
1.50
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 ($$)
0.8000
0.8500

 

MAY 21 2021 QTR Widetec shows a loss 

 

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2021

 
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
2,267
2,175
2,267
2,175
2 Profit/(loss) before tax
13
-67
13
-67
3 Profit/(loss) for the period
-40
-84
-40
-84
4 Profit/(loss) attributable to ordinary equity holders of the parent
-11
-63
-11
-63
5 Basic earnings/(loss) per share (Subunit)
-0.03
-0.14
-0.03
-0.14
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 ($$)
0.8000
0.8000
 

 

AUGUST 2021 RESULT OF WIDETEC AGAIN SHOWED A LOSS

 

SO THERE IS NO EARNINGS FOR LAST TWO QTRS BUT ONLY LOSSES

THEN WHY SHOULD WIDETEC SHARE PRICE KEEP RISING TO RM4.94 FROM ITS 52 WEEKS LOW OF ONLY 48 SEN?

 

SEE

52 Weeks Range: 0.48 - 6.07

 

IS IT BECAUSE WIDETEC IS GIVING 5 FOR ONE SHARE BONUS SPLIT?

BUT THAT IS ILLOGICAL TO OVER PAY FOR THIS STOCK

LOOK AT IT THIS WAY

IF A 5KG CAKE SELLS FOR RM48.00

AFTER YOU DIVIDE THE 5 KG CAKE INTO 5 PIECES OF SIMILAR SIZE

IT WILL BE 5 PIECES OF 1KG EACH

SUM TOTAL OF THE CAKE IS

1KG X 5 = 5 KG (SAME WEIGHT) 

BUT WHY SHOULD YOU PAY RM494 FOR THE CAKE??

SINCE THERE IS NO INCREASE IN WEIGHT EXCEPT THE DIVISION INTO 5?

 

THIS WAS WHAT HAPPENED TO BC MALL OFFERING 4 BONUS FOR 5 SHARES HELD

AFTER MANY OVER PAY FOR BC MALL AND AFTER GETTING ALL THE 4 NEW BONUS ISSUES PLUS THE 5 SHARES BOUGHT (TOTAL 9 SHARES) THE SUM TOTAL OF ALL THE 9 SHARES AFTER CAPITAL EXERCISE IS STILL LOWER THAN THE PRICE PAID??

 

SO PLEASE DO NOT BUY IN VIEW OF GORENG

LEARN TO INVEST IN SAFETY

 

BEST REGARDS

CALVIN TAN

 

PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE OR CONSULT YOUR REMISIER/FUND MANAGER

 

More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Discussions
Be the first to like this. Showing 38 of 38 comments

gemfinder

Y pour cild water. Those chase widetec r prepared to loss huge money. No need to wory them

2021-09-11 23:05

calvintaneng

gemfinder Y pour cild water. Those chase widetec r prepared to loss huge money. No need to wory them
11/09/2021 11:05 PM

If you see blind people going to walk into a hell hole or ditch and not give warning you ARE A VERY IRRESPONSIBLE PERSON

See

https://www.youtube.com/watch?v=If41u5plQik

2021-09-11 23:13

gemfinder

Chinese said can eat salt fish, can bear the thirst

2021-09-11 23:19

calvintaneng

You are correct

The salted fish refers to those who chased MMAG, Gpacket & Sendai to Rm1.60 & now only 10 sen to 20 sen salted fish

Those who chased BcMall also turned into salted fish now at 6 sen

Later Widetec turns widetrap & many water fish turns into salted fish

2021-09-11 23:25

calvintaneng

gemfinder Chinese said can eat salt fish, can bear the thirst
11/09/2021 11:19 PM


calvintaneng You are correct

The salted fish refers to those who chased MMAG, Gpacket & Sendai to Rm1.60 & now only 10 sen to 20 sen salted fish

Those who chased BcMall also turned into salted fish now at 6 sen

Later Widetec turns widetrap & many water fish turns into salted fish
11/09/2021 11:25 PM

2021-09-11 23:25

calvintaneng

Ny036

Short term the market is being played up and down by people

But longer term the people will still get its verdict from Company business performance

If a business is no good and you over pay and overstay then you will be left high and dry when the playing crowd no longer around

If a business is good and nobody interested it will still give you long term rewards for holding

90% of the people are players and will guarantee to fail eventually

10% of the people are careful investors and are bound to succeed

I will choose the correct path even though I might walk alone short term

2021-09-11 23:42

calvintaneng

Precisely I see climate doing great havoc on crops and food that I turned to the safety of palm oil

Palm oil being a life basic necessity found in 50% of supermarket products offer good protection and defense first

Then with downside well protected we look for an upside in palm oil bull run

2021-09-11 23:52

calvintaneng

Think bigger and think with wider focus

If indon cannot come then look for Malaysia palm oil companies with plantation in Indonesia like Tsh resources, Thplant simedarby plant andAzrb

They will do well with abundant cheap Indon harvesters

2021-09-11 23:54

calvintaneng

See the monthly report of bplant and Thplant

Every month from Jan, Feb, march, April, may, June, July, August, they report without fail their monthly ffb(fresh fruit bunches)

Bplant just reported excellent ffb harvest of 92,000 tonnes for August 2021 compared to July 21 at 82,000 tons which has increased by 10,000 ton

So the fear of FfB not being harvested is overdone and don't apply to all

2021-09-12 00:01

calvintaneng

Not all areas got floods

Thplant trees are well diversified to Trengganu, Pahang, Johor , sarawak, Sabah and Kalimantan

Bplant also everywhere

So not all are affected

No matter how palm oils are over 40 feet tall upon maturity and can withstand floods

2021-09-12 00:05

calvintaneng

That is why I said go buy Tsh resources and Thplant

Tsh resources has major palm oil estates in Kalimantan and Sumatra

Will benefit of Indon workers glut as many stuck there wiling to work very hard without asking higher pay for fear of no job

Also thplant got palm oil estate in Kalimantan will benefit

Think out of the box and invest more in places where goings are smooth

2021-09-12 00:14

calvintaneng

From Feb 2021 3.3 sen profit for SOP

To 17.20 sen by August 2021

The per centage of profit growth for SOP is up by a Whopping 520% more !!

Only share price lagging behind

so bargain hunters will pick up overlooked SOP shares

Long ago Ajinomoto and Kesm were traded at only Rm2.50 to Rm3.00 even both earning alot

Only later after people discovered Ajinomoto and Kesm they chased both over Rm10 and up to Rm20

So the best time to buy SOP is now before others chase like they chased Ajinomoto and Kesm

2021-09-12 00:34

calvintaneng

Why Ny036 deleted your questions ?

All doubts cleared finally ?

Good

Good night then

Zzzzz,,,...

2021-09-12 00:37

stockraider

Remember if u invest in Palmoil company, it is cyclical investment strategy mah!

U buy when the price is still cheap & not rerated upwards mah!

The right time to buy is now, do not missed this important opportunity loh!


U invest in tech...bcos it is growth strategy....bcos this a new economy...everything we do tomorrow will be centre around tech mah!

U must be willing...to pay a premium for this growth industry, if u r willing to participate mah!

For tech it is a hold investment participating in growth future prospect mah!

2021-09-12 10:12

stockraider

The best tech stock to buy now is myeg loh!


The best plantation stocks now are Taaann, Bplant, MHC, swkplant & Utd Plant.

2021-09-12 10:19

bpsiah

In the short run market is rather irrational. A lot of investors and analysts think they can see the long run even up to 2 to 3 years ahead. Some even longer. Some say PE of 50 or 60 is fine but other see PE of 3 or 4 as bad. Some say growth is there so even PE of 100 is a buy other say future growth is capped so PE of 4 or 5 is no go. At the end of the day I think it is market sentiment that determine.

2021-09-12 21:44

calvintaneng

RED PALM OIL(HEALTHY: HIGH PRICE & HIGHLY PROFITABLE: SARAWAK OIL PALM (SOP) INSIDER BULLISH ON RED PALM OIL ENTERING CHINA, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-09-12-story-h1571499885-RED_PALM_OIL_HEALTHY_HIGH_PRICE_HIGHLY_PROFITABLE_SARAWAK_OIL_PALM_SOP_.jsp

2021-09-12 21:50

Tiger66

why don't you compare sop with genetec?

2021-09-13 08:15

calvintaneng

Genetec or General Trap?

INSIDERS ARE DUMPING TO UNSUSPECTING WATER FISH (LATER TURN INTO SALTED FISH IF STILL DON'T RUN)

MADAM ONG PHOE BE 03-Sep-2021 Disposed 500 31.780 View Detail
MADAM ONG PHOE BE 30-Aug-2021 Disposed 2,000 30.880 View Detail
MADAM ONG PHOE BE 26-Aug-2021 Disposed 3,000 28.410 View Detail
MADAM ONG PHOE BE 11-Aug-2021 Disposed 5,000 28.130 View Detail
MR TEH KIM SENG 23-Jun-2021 Disposed 100,000 6.000

2021-09-13 08:24

calvintaneng

HIGHTEC OR HIGHTRAP ALSO DISPOSING TO WATER FISH

MR TAN LYE HUAT 10-Sep-2021 Disposed 470,000 2.467 View Detail
MR TAN LYE HUAT 08-Sep-2021 Disposed 100,000 2.370 View Detail
TAN LYE HUAT 07-Sep-2021 Disposed 600,000 2.251 View Detail
TAN LYE HUAT 06-Sep-2021 Disposed 270,000 2.010

2021-09-13 08:29

Tiger66

Hi Calvin,

If you take the best of last QR, and annualize PE of genetec is at 65.12 cents. Share price at
5, PE=7.7
10,PE=15.35
20,PE=30.7
31.5, PE= 48.4 (Today)

If you take the best of last QR and annualize of SOP is at 68.8 cents.
3.67, PE=5.33 (Today)

Question is why institutional players give so high PE to Genetec and not SOP ?
Why the directors are selling and the price of Genetec keep going up ?

Genetec is supplying battery, components and parts to EV industries including Tesla

TESLA share price at USD754.8 PE=397 EPS=USD 1.9

2021-09-13 10:47

calvintaneng

Tiger66

If you pay 48.5 p/e for genetec that is too expensive

I would stay safe in sop at 5.3 p/e anytime

2021-09-13 11:01

calvintaneng

Tesla although fast growth ark invest cathy wood also not so bullish like before as market fully aware

While red palm oil by sop is still unknown in its Huge potential in China

So i rather not chase the most popular but buy the overlooked undervalue Sop and hold

2021-09-13 11:03

calvintaneng

Same thing always happen

At bottom when we bought Supermax at Rm1. 73 few interested

Supermax over Rm20. 00 the entire Malaysian crowd sat up and took notice but by then too late

2021-09-13 11:05

calvintaneng

When we gave call for Annjoo steel at Rm1. 35 90% of the market were doubters

Annjoo doubled over Rm2. 70 and up 100% only now 90% turn believers but too late again

2021-09-13 11:07

Tiger66

Will you buy GENETEC at PE=15.35 at 10 ? it is still expensive to you . SOP is cheap so you bought it. I only buy counters more than 10. I'm small fly in big counters. They won't kill me .

2021-09-13 11:26

calvintaneng

Tiger66
If so good Insider would have bought more and not sold any

I see genetec insiders selling

But SOP insiders all holding firmly

2021-09-13 12:12

Tiger66

For your information the institutional holding of GENETEC share float on the market (outstanding share)is at the moment 94.7% and for SOP the share float taken up by institutional player at zero. Basically the share holders are by owners/directors and retail.
May be with your convincing write up and funds may believe in you and coming. Let's wait and see.

2021-09-13 14:32

Tiger66

For the rest of readers, I'm not recommending GENETEC. Please do not follow as a buy call.

2021-09-13 14:34

calvintaneng

Good Tiger66 must not tell people to chase high priced genetec as insiders are starting to sell

As for SOP very easy

Just go and see how Top 30 holders already owned 91% of SOP shares

Grand Master Champion Dr Need Soon Kean the Benjamin Graham of Malaysia is also in Top 30 of SOP

2021-09-13 14:41

calvintaneng

correction

Should be Dr Neoh Soon Kean of Dynaquest

He bought with his own money under Neoh Choo Ee & Co

2021-09-13 14:43

Tiger66

Let look at the commodities price increase YTD for palm oil, steel, WTO, aluminium and copper. Palm oil 20.83% steel 32.7% WTO 45% aluminium 50.1% copper 26.3%.
Looking forward palm oil price may not be as good as today likewise for others commodities. Beside, year end palm oil production will be low Nov to March, as low season kick in.

2021-09-13 14:56

stockraider

Even palmoil at Rm 3,000 ....we will make alot of monies mah!

Whats more now above rm 4000 woh

2021-09-13 14:58

Tiger66

Today GENETEC still breaking new high to 33.28 increase 4.33%
SOP decease 7cents, - 1.9% to 3.6
so your statement was not correct. you hentam saja.

######

@Tiger66
If so good Insider would have bought more and not sold any

I see genetec insiders selling

But SOP insiders all holding firmly

2021-09-13 15:58

calvintaneng

Hahaha

Last time Sendai, Gpacket and Mmag all 3 were bidded up to Rm1.60 when I warned and warned

Today they are all 10 sen to 25 sen only

All who chased lost their shirts

Genetec just wait 6 months and 1 year will know

And hightec people still selling today

2021-09-13 19:18

calvintaneng

One more thing about Genetec being given EV job and price chased up the sky

See Penta

52 Weeks Range: 4.39 - 6.85

Those who chased Penta on apple hype to Rm6.85
now stuck at Rm5.14

So when the euphoria dies down for genetec those who overpaid will be left hanging there


BETTER STAY VERY VERY VERY SAFE IN SOP EVEN THOUGH SHORT TERM PRICE STILL WEAK

TODAY CALVIN HAPPY TO BUY MORE SOP ON WEAKNESS

2021-09-13 20:59

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