SOP (5126) at Rm3.50 Versus BLD Plant (5069) at Rm9.10 or Versus United Plant (2089) Rm13.60: Compare & Contrast their EPS, Dividend & NTA, Calvin Tan

Publish date: Tue, 28 Sep 2021, 03:01 PM

Dear friends (Please read to the end as we type

It is by searching, digging through research & deep study that we find value. Especially hidden Gen of Value. One such Gem is SOP (Sarawak Oil Palm) Why SOP?

The answers are startling

Just see their results below

SOP

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

SOP latest result is 17.20 sen

Annualised is 4 X 17.20

= 68.80

At Rm3.50 the Forward P/E is

Rm3.50 divides by 68.80

= 5.08

That means you can double your investment in 5.08 years if earnings are sustained

68.80/Rm3.50 gives a yield of 19.65

More than 10 X (Times) Bank FD at Rm1.75% per year

Its NAV is Rm4.48

So SOP is selling at Discount of 22% to Book Value

It gave a dividend of 6 sen

2) BLD Plant

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	540,488	396,518	540,488	396,518
2	Profit/(loss) before tax	23,644	6,252	23,644	6,252
3	Profit/(loss) for the period	16,802	4,538	16,802	4,538
4	Profit/(loss) attributable to ordinary equity holders of the parent	16,212	4,415	16,212	4,415
5	Basic earnings/(loss) per share (Subunit)	17.34	4.72	17.34	4.72
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 ($$)	6.9500		6.7800

At Rm17.34 this Qtr

Annualised 4 X 17.34 = 69.36 sen

Current price is Rm9.10

P/E is Rm9.10 divides by 69.36

= 13.1

Yield is 69.36/Rm9.10

= 7.6%

NAV is Rm6.95

At Rm9.10 BLD is selling at 1.3 X (Times) Book Value

Dividend

No dividend for years 2019, 2020 & 2021

Last dividend was 3 sen in year 2018

BLD Plant? BLD stands for Breakfast, Lunch & Dinner? Why no dividends for 3 years?

This shows that SOP beats BLD Plant hands down

SOP 19.65% yield versus BLD 13.1 sen

SOP sells at Discount to Book Value While BLD sells above Book Value

3) UNITED PLANT

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	481,869	294,317	881,523	613,226
2	Profit/(loss) before tax	186,673	149,661	278,585	267,305
3	Profit/(loss) for the period	136,707	124,060	212,417	205,588
4	Profit/(loss) attributable to ordinary equity holders of the parent	135,785	123,586	210,610	204,776
5	Basic earnings/(loss) per share (Subunit)	32.74	29.80	50.78	49.37
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 ($$)	6.1800		6.3200

UPlant this Qtr 32.74

Annualised 4 X 32.74

= Rm1.30

Price Rm13.60

P/E is Rm13.60 divides by Rm1.30

= 10.5

Yield is 9.5%

Of this Uplant gave out 15 sen dividend & 50 sen Special Dividend

Total given out is 4.7%

NAV is Rm6.18

At Rm13.60 Uplant is selling at 2.2 X (Times) Book Value

Now the only thing between SOP is SOP won in earnings & Net Assets Value

But UPlant won in Dividend Payout

SOP Could raise its Dividend Payout & Price should rise Above its NAV

From here we SEE Earnings of SOP are Superior and It is selling at Discount to Net Assets while BLD Plant & UPlant are selling above Book Value

AND WE CAN SEE VERY CLEARLY SOP IS AN OUTRIGHT BUY AS IT IS NOW SELLING BELOW INTRINSIC VALUE.

What is intrinsic value? Definition and examples - Market Business News

Best regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult your remisier/fund manager

Discussions

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calvintaneng

Coming Up Part 2 on SOP Versus Bld Plant & Uplant

Their OIl Palm Size & Its Growth Potential

2021-09-28 15:41

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