Dear Investors/Traders of i3 Forum
This evening we bring you another Two Contrasting Stocks Which we Think to Be The Very Best (SOP) At Rm3.58 & THE VERY WORST (SJC) AT RM2.79
We will show you "CLEARLY" Why.
But first take a look at our Chun Chun Call
See
|
THE INVESTMENT APPROACH OF CALVIN TAN
Author: calvintaneng
Hi Guys, |
|
Author: calvintaneng 
| Publish date:
Dear Friends/Investors of i3 Forum,
HARTALEGA HAS JUST REPORTED ANOTHER QUARTER OF GOOD RESULT
AND HARTA PRICE IS RM9.98 AMONG THE HOTTEST GLOVE STOCKS
IJMPLANT IS QUITE NEGLECTED AND UNLOVED, UNWANTED & OVERLOOKED
Hence IjmPlant attracts our attention
Calvin continues (9th December, 2021)
As of now KLK already took private IjmPlant at Rm3.20 (Rm3.10 cash plus 10 sen dividend) & Hartalega current price now is Rm5.52
This Ijmplant up from Rm1.86 to Rm3.20 gained Rm1.34 (Up 72%) while Harta dropped from Rm9.98 to Rm5.52 for a loss of Rm4.46 (Down 44%). If one has sold harta at Rm9.98 and bought IjmPlant he could have saved 44% & made 72%
Total difference 116%
That opportunity if taken would have made you richer. Never mind. All is not loss. As Richard Branson said investment opportunity is like taking the Bus. If you missed one there is always another one coming down the road.
SO HERE IT IS
SARAWAK OIL PALM (5126) AT RM3.58 VERSUS SENI JAYA CORP (9431) AT RM2.79 : COMPARE & CONTRAST THEIR EARNINGS & POTENTIAL, Calvin Tan
Now these are the Reasons why Sarawak Oil Palm (SOP) Is Good
See its latest qtr earnings
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 |
1,301,510
|
794,884
|
3,038,878
|
1,939,028
|
| 2 | Profit/(loss) before tax |
175,435
|
106,918
|
435,088
|
254,740
|
| 3 | Profit/(loss) for the period |
132,088
|
76,993
|
326,616
|
192,329
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
125,489
|
73,836
|
302,866
|
183,380
|
| 5 | Basic earnings/(loss) per share (Subunit) |
21.95
|
12.93
|
53.00
|
32.12
|
| 6 | Proposed/Declared dividend per share (Subunit) |
4.00
|
0.00
|
4.00
|
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 ($$) |
4.5700
|
4.1600
|
||
From above we SEE its Revenue Jumped from Rm794.8 Millions to RM1.3 BILLIONS
NAV is Rm4.57 (Price is Rm3.58 so it is selling at 22% Discount to Net Assets) Got margin of safety
Price is 21.95 sen
Annualised 21 x 4 = 87.8 sen
To get P/E divides Rm3.58 by 87.8
= 4.07 P/E (that means SOP will double your money in only 4.07 years)
As SOP IS FLUSHED WITH CASH IT HAS FOR THE 1ST TIME PROPOSED AN INTERIM DIVIDEND OF 4 SEN (MORE TO COME)
SEE SOP DIVIDEND HISTORY
| 30-Nov-2021 | 15-Dec-2021 | DIVIDEND | Interim Dividend | RM 0.0400 |
 |
| 05-May-2021 | 29-Jun-2021 | DIVIDEND | First and Final Dividend | RM 0.0600 |
|
| 17-Jun-2020 | 16-Jul-2020 | DIVIDEND | First and Final Dividend | RM 0.0500 |
|
| 30-Apr-2019 | 27-Jun-2019 | DIVIDEND | First and Final Dividend | RM 0.05 |
|
| 30-Apr-2018 | 27-Jun-2018 | DIVIDEND | First and Final Dividend | RM 0.06 |
|
| 28-Apr-2017 | 28-Jun-2017 | DIVIDEND | First and Final Dividend | RM 0.05 |
|
| 01-Nov-2016 | 11-Nov-2016 | RIGHTS_ISSUE | Rights Issue | 2 : 7 |
|
| 29-Apr-2016 | 28-Jun-2016 | DIVIDEND | First and Final Dividend | 5.0000% |
|
| 04-Jun-2015 | 26-Jun-2015 | DIVIDEND | First and Final Dividend | 5.0000% |
|
| 05-Jun-2014 | 26-Jun-2014 | DIVIDEND | First and Final Dividend | 5% |
|
| 04-Jun-2013 | 26-Jun-2013 | DIVIDEND | First and Final Dividend | 6% |
|
| 04-Jun-2012 | 27-Jun-2012 | DIVIDEND | First and Final Dividend | 5% |
|
| 03-Jun-2011 | 28-Jun-2011 | DIVIDEND | First and Final Dividend | 4% |
|
| 03-Jun-2010 | 28-Jun-2010 | DIVIDEND | First and Final Dividend | 3% |
|
| 03-Jun-2009 | 26-Jun-2009 | DIVIDEND | First and Final Dividend | 3% |
|
| 12-Aug-2008 | 26-Aug-2008 | BONUS_ISSUE | Bonus Issue | 1 : 1 |
|
| 04-Jun-2008 | 26-Jun-2008 | DIVIDEND | First and Final Dividend | 6% |
As you can SEE for the last 10 years SOP only announce One Dividend Per Year: That is "First and Final Dividend"
All the time was "First and Final Dividend" each year
Surprisingly, this very year it announced for the very 1st time "Interim Dividend"
That means there IS MORE TO COME. Excellent!
Now also after 18 years long spell One Director with Senior Accounting & Audit experience started to buy SOP Shares from open market
SEE
| TANG TIONG ING | 30-Nov-2021 | Acquired | 7,000 | - |
|
| TANG TIONG ING | 29-Nov-2021 | Acquired | 3,000 | - |
|
| MR TANG TIONG ING | 28-Jun-2021 | Acquired | 5,000 | 3.470 |
|
| MR LING CHIONG SING | 21-May-2021 | Acquired | 50,000 | 3.600 |
|
| AGAPE INTERNATIONAL PTE LTD | 19-Mar-2021 | Acquired | 6,750,000 | - |
|
| AGAPE INTERNATIONAL PTE LTD | 15-Oct-2019 | Acquired | 11,000,000 | - |
|
| AGAPE INTERNATIONAL PTE LTD | 19-Mar-2019 | Acquired | 4,518,293 | - |
|
| AGAPE INTERNATIONAL PTE LTD | 18-Jan-2019 | Acquired | 6,881,707 | - |
|
| AGAPE INTERNATIONAL PTE LTD | 17-Jul-2018 | Acquired | 11,400,000 | - |
|
| MR LING LU KUANG | 17-Jan-2018 | Acquired | 11,350,000 | - |
|
| LING LU KUANG | 13-Jun-2017 | Acquired | 10,500,000 | - |
|
| ENCIK LING CHIONG SING | 15-Dec-2016 | Others | 36,493,686 | 0.000 |
|
| ENCIK TANG TIONG ING | 15-Dec-2016 | Acquired | 12,251 | 0.000 |
|
| TAN SRI DATUK LING CHIONG HO | 15-Dec-2016 | Acquired | 8,977,792 | 0.000 |
|
| GERALD RENTAP JABU | 17-Jan-2012 | Acquired | 6,000 | 0.000 |
|
| TANG TIONG ING | 02-Sep-2003 | Acquired | 5,000 | 1.950 |
From bursa filing we see Director Tang Tiong Ing bought SOP shares in year 2003. After that no more.
But suddenly this year he started buying SOP Shares again
See
| Name | TANG TIONG ING |
| Currency | - |
| Date of Change | Type | Number of Shares | |
|---|---|---|---|
| 30-Nov-2021 | Acquired | 7,000 | |
| Registered Name | MARGARET LU DAI KIEW | ||
| Nature of Interest | Deemed Interest | ||
| 29-Nov-2021 | Acquired | 3,000 | |
| Registered Name | MARGARET LU DAI KIEW | ||
| Nature of Interest | Deemed Interest | ||
| Nature of Interest | Deemed Interest |
| Shares | ACQUISITION OF SHARES |
| Reason | INDIRECT/DEEMED INTEREST THROUGH ACQUISITION OF SHARES BY SPOUSE |
| Consideration | - |
| Direct (units) | 0 |
| Direct (%) | 0.00 |
| Indirect (units) | 184,714 |
| Indirect (%) | 0.03 |
| Total (units) | 184,714 |
| Total (%) | 0.03 |
| Date of Notice | 07-Dec-2021 |
He is holding a total of 184,714 shares of SOP. His buying foretells good times are coming back again in days & months ahead for SOP
SO Calvin gives 95 Marks for SOP. Another 5 more marks to make it 100 Marks if SOP follows up with Better Dividends (like we accord 100 Marks for TAANN) These two are champion in Values & growth among oil palm stocks
Now in contrast see SENI JAYA CORP
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
|
$$'000
|
||
| 1 | Revenue |
1,670
|
1,882
|
4,471
|
7,129
|
| 2 | Profit/(loss) before tax |
-2,384
|
-1,088
|
-5,849
|
-2,040
|
| 3 | Profit/(loss) for the period |
-2,383
|
-1,063
|
-5,848
|
-2,059
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
-2,378
|
-1,063
|
-5,843
|
-2,059
|
| 5 | Basic earnings/(loss) per share (Subunit) |
-4.90
|
-2.62
|
-12.04
|
-5.08
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.1900
|
1.1700
|
||
Seni jaya revenue dropped from Rm1.88 Millions to only Rm1.67 millions
Its Nav is Rm1.19 but price Rm2.79 (So SJC is selling 2.34 Times Book Value (No margin of safety)
It makes a loss of -4.9 sen
P/E is negative (losing money) It has been losing and losing money all along
Now the Hype is Seni Jaya will be making lots of monies from Out Door Advertising
Ok for that we look at the Prime Example of Big Tree by Media Prima
At top number one is "BIG TREE" of Media Prima
To see its profits we go look up Media Prima latest qtr results
| KLSE: MEDIA (4502) | MEDIA PRIMA BHD | MAIN : Telco&Media |
| Last Price | Today's Change | Day's Range | Trading Volume |
| 0.44 |
-0.02 (4.35%) |
0.435 - 0.455 | 1,094,000 |
| Open | 2.81 |
| High | 2.81 |
| Low | 2.77 |
| Mkt cap | 135.41M |
| P/E ratio | - |
| Div yield | - |
| 52-wk high | 3.33 |
| 52-wk low | 0.75 |
Created by calvintaneng | May 04, 2024
Created by calvintaneng | May 02, 2024
Created by calvintaneng | Apr 29, 2024
Created by calvintaneng | Apr 27, 2024
retail investors advise to think wisely to invest in already profitable oil palm stocks such as SOP and others good oil palm stocks. Higher chances oil palm stocks will rise higher 2022 as compare those very high PE30-40 tech/semi-conductor related stocks.
2021-12-10 10:33
Correctloh...if u factor in increase in cost of 10%...the production cost of CPO is Rm 2750 m/t.
Current CPO future 12 mths average ( Average from future Jan 2022 to Dec 2022) pm 4250!
U still talking about very outstanding Gross Margin of about 36% compare to usual 10% mah!
Plantation will record sky high profit going fwd loh!
Btw...usual norm of cost of production is only around Rm 2200 per tonnes!
Posted by Johnzhang > Dec 10, 2021 11:33 AM | Report Abuse
Some Investors may be concern of the labour and fertilizer cost increase on plantation company’s performance in 2022. The IBs and media are very prone to look at only one side of the equation and they seriously lack professionalism.
My view is oil palm plantation will still be laughing to the banks next year. Mind you that most big time CPO traders expect CPO to trade above $5,000 during Jan-Mac 2022 and between $4,000 to $5,000 during Apr-Dec 2022.
Cost of production (at estate level) during recent years (2017-2020) were $1,500 -$1,800 pmt CPO depending on the cost efficiency of each planter.
Average CPO price over same period (2017-2020) was about $2,490 pmt as shown in the calculation below :
2017 $2,800
2018 $2,150
2019 $2,250
2020 $2,760
-----------------
Avg $2,490
=================
Therefore, average Gross Margin in past recent years enjoyed by planters were $990 to $690 pmt CPO. (ie average CPO price $2,490 minus cost of production $1,500 to $1,800).
Due to higher labour and fertilizer costs, the cost of production is expected to increase by max. $300 pmt CPO basis. The new cost of production for 2022 shall be $1,800 -$2,100 pmt CPO.
Based on 2022's CPO price forecasted by big time CPO traders averaging $4,500 , the Gross Margin of the planters will be $2,700 to 2,400 pmt CPO.
2022's Gross Margin is 2.7 times to 3.5 times higher than the average of 2017-2020.
Just for sharing.
2021-12-10 11:47
1
2
3
南洋行家论股
5
Nuclearinvestment
6
8
BFM Podcast
#
Stock
Score
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
CS Tan
4.9 / 5.0
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....
calvintaneng
Post removed.Why?
2021-12-10 08:32