Dear Friends/Investors of i3 Forum,
HARTALEGA HAS JUST REPORTED ANOTHER QUARTER OF GOOD RESULT
AND HARTA PRICE IS RM9.80 AMONG THE HOTTEST GLOVE STOCKS
IJMPLANT IS QUITE NEGLECTED AND UNLOVED, UNWANTED & OVERLOOKED
Hence IjmPlant attracts our attention
See
PRECISELY!
90% OF THE MARKET IS NOW FULLY AWARE & BULLISH ON HARTALEGA. SO IT IS GOING TO END ON EUPHORIA AS UPSIDE IS LIMITED
90% OF THE PEOPLE ARE BEARISH ON IJMPLANT & PALM OIL AS A WHOLE. SO THERE IS STILL LOTS OF ROOM FOR UPSIDE
Now let's look at 4 Qtr Forward P/E of Hartalega
See
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
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 |
2,299,858
|
778,238
|
6,695,862
|
2,924,313
|
| 2 | Profit/(loss) before tax |
1,511,790
|
136,752
|
3,813,443
|
555,430
|
| 3 | Profit/(loss) for the period |
1,125,074
|
114,276
|
2,903,659
|
434,397
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,119,093
|
114,415
|
2,885,410
|
433,618
|
| 5 | Basic earnings/(loss) per share (Subunit) |
32.75
|
3.40
|
84.43
|
12.88
|
| 6 | Proposed/Declared dividend per share (Subunit) |
17.70
|
2.05
|
33.30
|
7.55
|
|
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 ($$) |
1.4500
|
0.7500
|
||
This Qtr result 32.75 sen
Forward 4 qtr P/E
32.75 x 4 = Rm1.31
At share price of Rm9.98
Its P/E = Rm9.98 divides by Rm1.31
= 7.61
It will take 7.61 years to double your money
Now look at IJM PLANTATION
'
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2020
|
31 Dec 2019
|
31 Dec 2020
|
31 Dec 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
271,957
|
237,812
|
689,312
|
543,740
|
| 2 | Profit/(loss) before tax |
98,850
|
33,303
|
211,718
|
22,966
|
| 3 | Profit/(loss) for the period |
70,180
|
21,446
|
154,903
|
13,294
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
66,590
|
20,063
|
147,666
|
12,964
|
| 5 | Basic earnings/(loss) per share (Subunit) |
7.56
|
2.28
|
16.67
|
1.47
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.5700
|
1.3500
|
||
7.56 sen
Forward 4 x P/E
7.56 x 4 = 30.24 sen
Price Rm1.86 so
P/E = Rm1.86 divides by 30.24
= 6.15 (It will take 6.15 years to double your money)
THIS DEMONSTRATES NEGLECTED IJM PLANT HAS BETTER POTENTIAL THAN POPULAR HARTALEGA NOW.
HARTA BEING SO POPULAR HAS ATTRACTED MANY NEW GLOVE WANNABEES FROM MALAYSIA, THAILAND AND AS FAR AS CHINA
IT ONLY TAKE 6 MONTHS TO START A NEW GLOVE FACTORY
BUT IT TAKES 3 YEARS TO PLANT AND HARVEST PALM FRUIT
SO HARTA AFTER ONE YEAR IS NOW FACING COMPETITION (AND GETTING INTO PRICE WAR
See
Above is taken from Lazada Sg today & harta is selling at a 13% discount
Others like TopGlove (15% discount), Careplus (17% discount) Rubberex (33% discount) Supermax (40% discount)
That is not counting Gloves from China, Australia & Thailand all fighting over buyers now in both Lazada Sg & Alibaba China
While Palm Oil has surprise of scarcity & price rise
See
CPO HAS GONE UP FROM LOW OF RM2,000 TO RM4,000 PER TON (UP 100%)
And Singapore Wilmar just reported a jump of 100% profit
WILMAR International's net profit doubled to US$450.2 million in Q1 2021 from US$224.1 million in the previous year, setting a record for the agribusiness group's first-quarter results since its listing.
Wilmar said all of its core businesses put in a strong performance in the quarter. The results were boosted by a reversal of mark-to-market losses on hedging derivatives recorded in Q4 2020.
Since IjmPlant has Mills which supply CPO to Wilmar their business performance should mirror each other
Both IjmPlant & Wilmar got plantations in Sabah, Kalimantan & Sumatra together
AND WITH BORDERS' CLOSED IN COVID 19 LOCK DOWN IJM PLANTATION IN INDONESIA HAS PLENTY OF FFB HARVESTERS
AND LIKE HARTA IJM PLANT VALUE ADD TO ITS OPERATION BY SETTING UP 4 PALM OIL MILLS IN SABAH & ONE IN KALIMANTAN
IT ALSO BUY FFB (FRESH FRUIT BUNCHES FROM OTHERS TO PROCESS THEM INTO CPO
See this https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145642
SO IJMPLANT HAS THESE SALIENT FACTORS
IT HAS A LOWER P/E THAN HARTA
IT IS MOVING UP FROM CYCLICAL LOW TO CYCLICAL HIGH WHILE HARTA NOW AT PEAK AND FURTHER UPSIDE IS LIMITED
ITS PALM OIL ESTATES HAVE NO LABOUR CONSTRAINT
WITH CPO OVER RM4,000 PER TON IJM PLANT PROFITS WILL EXPLODE UPWARD IN COMING MONTHS
SEE FURTHER
| TAN SRI DATO' TAN BOON SENG @ KRISHNAN | 06-Apr-2021 | Acquired | 50,000 | 1.740 |
 |
| TAN SRI DATO' TAN BOON SENG @ KRISHNAN | 04-Jan-2021 | Acquired | 48,000 | 1.830 |
THIS YEAR INSIDER/DIRECTOR STARTS BUYING IJMPLANT (LOOKS LIKE LAST YEAR MAY 2020 WHEN SUPERMAX INSIDERS BUYING??) SOMETHING GOOD COMING AHEAD?
IJMPLANT IS NOW RM1.86
TARGET PRICE IS RM4.00 (YEAR HIGH OF 2014 CYCLICAL PEAK)
DR. NEOH OF DYNAQUEST GAVE IJM PLANT A 4.5 * RATING
BEST REGARDS
Calvin Tan Research
Please do not buy or sell Until AFTER doing your own due study and diligence. In doubt please consult your Remisier or Fund Manager
Additional comments on December 1st 2021
Buy call for Ijmplant on 5th May 2021 was Rm1.86
KLK took it private at Rm3.10 (Plus 10 sen dividend Totalled Rm3.20)
From Rm1.86 to Rm3.20 is a gain of Rm1.34 or 72%
At the same time the call to sell Hartalega at Rm9.98. Today Harta is Rm6.29 or down Rm3.69 (down 36.9%)
So if anyone from Harta had sold & bought Ijmplant would have saved 36.9% & made 72% (Total 108.9%)
That is the proof that Calvin does show the correct way to profit from the market.
Now we say Sayonara to Ijmplant & "Bon Voyage" in its new journey with KLK. We wish them well in their future undertaking together as One.
And from here Calvin still got 2 Great Palm Oil Stocks to buy: 1) TAANN. 2) SOP
We shall see why as we compare them to IJMPLANT
First look at IJMPLANT Latest 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 Sep 2021
|
30 Sep 2020
|
30 Sep 2021
|
30 Sep 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
299,782
|
211,370
|
571,497
|
417,355
|
| 2 | Profit/(loss) before tax |
132,422
|
-2,430
|
215,539
|
112,868
|
| 3 | Profit/(loss) for the period |
103,942
|
-3,201
|
165,728
|
84,723
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
101,040
|
-1,040
|
161,100
|
81,076
|
| 5 | Basic earnings/(loss) per share (Subunit) |
11.47
|
-0.12
|
18.29
|
9.21
|
| 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 ($$) |
1.7400
|
1.6300
|
||
Latest Qtr result showed
IjmPlant Revenue is Rm299.7 Milions
Nav Rm1.74
Profit 11.47 sen
Annualized 11.47 x 4
= 45.88 sen
IjmPlant last price Rm3.10
To get forward P/E divides Rm3.10 by 45.88
= 6.75 P/E
That means that all things being equal IjmPlant should double your investment in 6.75 years' time
Now look at TAANN
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Sep 2021
|
30 Sep 2020
|
30 Sep 2021
|
30 Sep 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
486,857
|
353,371
|
1,282,822
|
854,676
|
| 2 | Profit/(loss) before tax |
125,993
|
69,307
|
277,496
|
110,382
|
| 3 | Profit/(loss) for the period |
125,965
|
55,659
|
264,198
|
84,439
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
103,293
|
42,769
|
218,405
|
66,271
|
| 5 | Basic earnings/(loss) per share (Subunit) |
23.45
|
9.71
|
49.59
|
15.05
|
| 6 | Proposed/Declared dividend per share (Subunit) |
20.00
|
10.00
|
30.00
|
10.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
3.5900
|
3.2500
|
||
