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

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

Author: calvintaneng

| Publish date:

Sat, 11 Sep 2021, 10:55 PM

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