Dear Friends of i3 Forum
The Topic is Palm oil Versus Steel
Both Palm oil & Steel exports are up. But please look very very very closely to see some differences
We selected two most popular of Palm oil = Chosen by i3 Contestants for year 2022 stock challenge
We also included 2 Steel stocks chosen by Contestants = AYS & Hiapteck
Or let's SEE LATEST REPORTED RESULTS (REFER BURSA WEBSITE)
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 ($$) |
3.5900
|
3.2500
|
From above we see TAANN profit is Rm103,293,000 this qtr from Revenue of Rm486,857,000
How many per cent profit?
Divides Rm103,293,000 by Rm486,857,000
= 21.2% profit margin
Let us see the Balance Sheet
Trade and other receivables
Was Rm65,640,000
Now Rm61,233,000
TAANN Managed to collect its debts & receivables (IOU) decreased
Cash and cash equivalents
Was Rm271,358,000
Now Rm363,471,00
CASH UP BY 33.9% (Well done)
BPLANT
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
30 Sep 2021
|
30 Sep 2020
|
30 Sep 2021
|
30 Sep 2020
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
293,773
|
205,679
|
708,489
|
535,426
|
2 | Profit/(loss) before tax |
124,265
|
27,549
|
207,586
|
33,599
|
3 | Profit/(loss) for the period |
95,870
|
15,882
|
155,977
|
7,833
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
95,558
|
17,970
|
156,158
|
15,497
|
5 | Basic earnings/(loss) per share (Subunit) |
4.27
|
0.80
|
6.97
|
0.69
|
6 | Proposed/Declared dividend per share (Subunit) |
1.75
|
0.50
|
4.35
|
0.50
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.1900
|
1.1500
|
Profit is Rm95,558,000 while Revenue is Rm293,773,000
That is 32.5% Profit (Wow!)
Balance sheet next
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 |
221,500
|
186,849
|
484,699
|
294,783
|
2 | Profit/(loss) before tax |
36,389
|
732
|
83,102
|
-5,644
|
3 | Profit/(loss) for the period |
30,634
|
688
|
68,784
|
-5,807
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
24,769
|
201
|
57,123
|
-6,549
|
5 | Basic earnings/(loss) per share (Subunit) |
6.51
|
0.05
|
15.02
|
-1.72
|
6 | Proposed/Declared dividend per share (Subunit) |
1.50
|
0.00
|
3.00
|
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 ($$) |
0.8800
|
0.7400
|
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
Profit is Rm24,769,000 while Revenue is Rm221,500,000
To calculate profit percentage
Divides Rm24,769,000 by Rm221,500,000
= 11.1% Profit
Look deeper into its balance sheet (See Bursa Website)
Was Rm264,125,000
Now Rm260,569,00
Slight improvement by 1.3%
Cash & bank balances
Was Rm23,983,000
Now: Rm25,765,000
Up 7.4%
HIAPTECK VENTURES
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Oct 2021
|
31 Oct 2020
|
31 Oct 2021
|
31 Oct 2020
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
406,626
|
231,443
|
406,626
|
231,443
|
2 | Profit/(loss) before tax |
86,333
|
8,919
|
86,333
|
8,919
|
3 | Profit/(loss) for the period |
71,075
|
7,079
|
71,075
|
7,079
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
71,088
|
6,966
|
71,088
|
6,966
|
5 | Basic earnings/(loss) per share (Subunit) |
4.11
|
0.51
|
4.11
|
0.51
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.6900
|
0.6500
|
Profit is Rm71,088,000 while Revenue is Rm406,626,000
17.4% profit
Balance sheet next
Trade and other receivables
Was Rm210,00,000
Now: Rm339,948,000
Receivables (IOU) increased by 61.8%
Cash and cash equivalents 236,642
Was Rm158,531,000
Now Rm236,642,000
Cash is up by 49%
OK: THAT IS ALL FOR TODAY
PLEASE MAKE YOUR OWN CONCLUSIONS
WARMEST REGARDS
Calvin Tan
Please buy or sell after doing your own due diigence or consult your Remisier/Fund Manager
Created by calvintaneng | Feb 25, 2024
Created by calvintaneng | Feb 25, 2024
Created by calvintaneng | Feb 24, 2024
Created by calvintaneng | Feb 24, 2024
Calvin recommended healthcare related stocks mostly hit limit up during 2020. But 2021 seems to be a so so yr for Calvin
2022-01-13 14:26
I always follow the writing by the mkt paster bcos his writing is always guarded by
the unseen hands from the above !
2022-01-13 14:48
Tyvm
amateurJR
Year 2019 was Ogse Bull run
Calvin cutloss 50% in others but made 100% from Ogse
minus out 50% losses from other dead non performing stocks of 2019 and before still made 50%
Year 2020 was exceptional due to Covid 19 Catalyst which pushed up Supermax, Kossan ,Topglove , Adventa, Rgt Bhd, Hlt, Texchem, Nylex , Ancom, Esceramic, Prolexus, luxchem, Careplus and others into bull run
Year 2020 was the best so far getting a 400% return
Year 2021 only Ijmplant and mhc plant did very well but the rest were mediocre
However, with Cpo prices at over Rm5200 supported by high canola oil (Usd1,040) and soyoil (Usd58) this year 2022 bull run belongs to palm oil like no other
2022-01-13 15:53
gohkimhock It is obvious some companies are having cash flow problems here. They were hit hard by high raw material prices. And these finished products are not essential items.
13/01/2022 1:57 PM
You are correct
Calvin already cutloss in Masteel.
Now Singapore Govt has cooled down Real Estate by raising barrier to property purchase steel demand will be curbed
Also Construction company like Greatearth in Singapore has gone bankrupt due to high material cost & wages
Some Malaysian Steel companies with export exposure to Singapore will be hit hard & see default in payment later
Also China housing market is in deep trouble
Steel is now in danger. Non payment & debt default is a reality to be feared
2022-01-13 21:15
Don't focus on Palm oil alone, diversify to steel counters and oil & gas too. With the collapse of technology stock you can see this two days trading volume surge in banking, steel & few oil & gas counters. This already give you a hint 2022 theme play. Plantation, metal & oil & gas will be 2022 recovery play.
2022-01-13 21:18
calvintaneng, you so clever lah...
TAAN - 1/9/21 RM2.92, now RM3.41 up by 16%
BPLANT - 1/9/21 RM0.64, now RM0.72 up by 12%
AYS - 1/9/21 RM0.62, now RM0.66 up by 6%
HIAPTEK- 1/9/21 RM0.595,now RM0.52 down by 12%
Palm oil VS Steel. Obviously Steel lose 9street.
BUT how come your other Palm oil stocks not performing yah...
e.g Golden Agri, Tdm, DLL
2022-01-13 21:44
TYVM Smartly
Goldenagri Singapore ok lah
Bought at 14 sen & now 24 sen (up 41%)
See https://sgx.i3investor.com/servlets/stk/e5h.jsp
As for all other Palm oil laggards they will all go up as well
In year 2020 when Glove bull started only Supermax & Comfort run up first
Later other glove played catch up
And much later small glove like careplus & hlt also started to run
So IjmPlant & Mhc Plant run fast first
Taann & Bplant warming up
Later SOP will also get one fire as its forward P/E only 4.1
SOP will run fast by Next Month's Fantastic Result
Others like Jtiasa, Tsh resources, Thplant, Fgv, Wtk & all others will also have their turn as CPO very high over Rm5,000 all through year 2022 till 2023 with no competing danger from China like Gloves which have no moat or barrier to entry
2022-01-13 21:55
Tech bubble bursting with a loud "POP" sound in Nasdaq
Run from all Tech as it is now in downtrend just like in year 2000 dot.com bubble when Mpi shot up 1,000% from Rm5 to Rm50 only to fall back below Rm10 later
Sell all Tech and run to the safety of palm oil now
Warning on bank stocks
After Tech implodes banks will also go down
Sell bank stocks now as they will also collapse later
2022-01-14 06:19
Intrinsic99
Why you talk nonsense all the time?
Calvin buying and holding palm oil shares tightly as Year 2022 will see a bull run due to very high Cpo prices over Rm5,200 per ton
As cost of Cpo production for most palm oil companies are below Rm2,000 a ton to as low as Rm1,465 for Thplant the gross profit is 200%
So you should just shut up and listen
2022-01-14 08:17
Sime Darby Plantation warns labour shortage may get worse for plantation companies in 1Q
https://www.theedgemarkets.com/article/sime-darby-plantation-sees-labour-shortages-worsening-early-2022
[[The shortage of workers has been identified as the cause of the 20% to 30% decline in the production of fresh fruit bunches.
"Our palm oil (industry) may not grow as stellar as before, due to limitation of plantation areas and we cannot compare the volume with Indonesia]]
Management already given performance warning so need more alert
2022-01-14 08:28
This news we already know
You are so behind time
Palm oil bosses all said even if production drop by 20% due to labour shortage it is more than compensated by Cpo rise of 200% to Rm5,200 from it's lows of Rm1,700 per ton
Moreover, Companies like Tsh and others are upgrading to automation and need less human labour in future
2022-01-14 08:44
Lately
Jaya tiasa new buying from another director emerged
He has no jtiasa before and why is he buying now?
Ask yourself why if palm oil you think no good but insider director of jtiasa buying?
2022-01-14 08:46
Another director of SOP (Sarawak Oil Palm) also added more Sop shares after a long absence
Ask yourself why he wants to buy Sop shares now ??
2022-01-14 08:48
Ok since we are talking about labour shortage and Cpo price rise let us do a simple calculation ok
suppose we producing "X" goods for sale
If 100X goods sold at Rm1.00 = RmRm100
That is 100 x one ringgit = Rm100 total sale
Now if due to lack of labour we can only produce 80X goods(less 20% as not enough labour)
Buy price of Xgoods increased by 200% from Rm1 to Rm3
So the final figure is
80 x Rm3 = Rm240
See the picture
It was Rm100
Now Rm240
That is an increase of 140% in profit
This is why palm oil bosses are sanguine
2022-01-14 08:57
Aya! buy Supermx better lah! , EPS 141 sen . No labours problem .Factory run almost full automation
2022-01-14 09:19
Youngkid
No. Cannot touch Supermax as it will fall below Rm1.00 when profit turn to losses in next few qtrs
While palm oil rise up from strength to strength
2022-01-14 09:33
(unrelated somehow)
My pro friend yesterday said his boss can make RM500 per acre of oil palm.
All of Calvin's favoured company just can't show that.
I guess HSPLANT is the only one with 30% net margin.
2022-01-14 11:28
Bullish on all-palm oil stocks 2022-2023 as recent months many low profile top retail investors bought huge amount palm oil stocks bcoz palm oil stocks able to sustainable high CPO 2022-2023, making good profit, good dividen & bonus shares. Few IB started to bullish on palm oil stocks. Sell technology/semi-conductor stocks as very high PE, not attractive to buy as over-bought & no chance to rise share price higher. Intrinsic99 always talk nonsense all the time when calvin genuinely share value investing in very under-value palm oil stocks. The truth is all palm oil stocks are very very under value!!!
2022-01-14 11:37
" Thou shall not tell lies " a commandment written in stone given to our
Mkt Pastor here.
Therefore, our Mkt Pastor here writes nothing but the truth onli !!!
2022-01-14 11:43
Calvin
You need to get thing clear that palm oil tree is biological, growth is slow and production palm fruit is on gradual manner. Whereas, in steel industry, production volume can scale up immediately if selling price is high and manufacture plant can run overtime if needed for 24 hr.
That is big differece betwenn industries
2022-01-14 11:47
Welcome Hng33
Long time didn't see you.
Yes steel like gloves are man made and can be rammed up in production if needs be
While Palm oil depends on nature and to produce cooking oil from scratch you will need to find raw land, plant seed and then wait 3 plus years for it to grow and produce fruit
So while China ramping gloves and flooded the market the same cannot be done for palm oil
As for steel I have been investing successfully many rounds since year 2006 till now.
However the macro picture going forward is very murky
Although USA has planned Usd1 trillion for infrastructure jobs which will increase steel demand which will be end 2022 earliest the entire steel demand from Singapore and China is now plummeting due to recessionary measures in China and in Spore the Govt is curbing hot housing boom
Plus Jerasia is going bankrupt and might be liquidated
Several blocks of Shophouses in Shamelin Perkasa, Cheras plus many factories owned by Jerasia might come out for auctions later
All these bad news will curb steel demand later
so further down 3, 6 or 9 months later steel prices might not sustain
And even if steel prices remain high there is no certainty that after sales Steel companies can collect payment from struggling contractors due to high cost of steel and labour which eat into profit margin
2022-01-14 12:03
How to compare steel vs palm oil? Palm oil stock volume so low so as the fund managers cannot buy big in plantation even though they wanted to do so. Just look at the buy q and sell q of Sop or even Taann. On the other hand steel stock suffer minor pull back only but last two days steel stock surge in huge volume and that's where the "HOT MONEY" went to after tech sell of for the next theme play. Follow the hot money if you wanna win big. Best is buy both steel & plantation.
2022-01-14 16:29
" Be gridi when others are fearful " by the world famous WB
Above is the no. 1 Law Of Investment !
2022-01-14 16:32
Ahbah has emotional intelligence
well done Ahbah
Clap !
Clap !!
Clap !!!
2022-01-14 16:36
hng33,
you have quit scalping trades ? now turn into longer term ? miss your buy sell buy sell buy sell......................
2022-01-14 17:57
Plantation will do well due to tight supply of edible oil .
I think steel , energy and some other commodities stocks will also do well in the mid term for the same reasons.
2022-01-14 18:49
be greedy when others are fearful is premised on value stocks not frothy growth bubble
2022-01-14 18:56
Apart from palm oil timber or plywood should be good as well due to high lumber prices
energy good as crude oil up and Brent oil over usd85 will encourage more biodisel use from soyoil, canola oil and palm oil
all move up in tandem
in the coming future renewable energy will play a more prominent role as coal and fossil fuel will be phased out in favor of solar , hydro and biodisel
but for now with Cpo at world record high go for palm oil shares as a whole
2022-01-14 19:24
" but for now with Cpo at world record high go for palm oil shares as a whole " ...
this was pronounced with inspiration n guidance from the Above by our mkt pastor n
can never be wrong !!!
2022-01-14 22:32
No doubt Palm oil stock is very good , it is still very important to diversify your portfolio .
2022-01-15 07:56
Very happy morning
Soyoil is now over Usd60
Palm oil should cross Rm5500 soon to another new world record
2022-01-21 08:31
Fantastic!
Fcpo Feb 2022 finally closed at new world record price of Rm5,504 for the very first time
Yesterday Netflix plunged by 21.78% in one day carnage
This shows palm oil on strong uptrend while Tech is strong down trend
2022-01-22 09:24
Buy b4 too late mah!
Very strong uptrend coming mah!
Posted by NorazmiAR > Jan 22, 2022 11:06 AM | Report Abuse
https://www.theedgemarkets.com/article/cpo-futures-hits-new-high-indon...
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its rally to close at RM5,322 a tonne for the April contract.
Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged after the Indonesian government confirmed it will restrict palm oil exports.
Indonesia's foreign trade director-general Indrasari Wisnu Wardhana said Friday the republic will restrict exports to control the supply of domestic cooking oil in the country.
A media report said the restrictions will apply for six months starting Jan 24.
“(Based on) market players’ rumours, most likely the proposal will be 70% domestic supply and 30% export,” Sathia told Bernama.
Palm oil trader David Ng said Indonesia's move to curb palm oil exports will push up demand for Malaysian CPO as the big buyers will continue to search for alternative sources.
Posted by NorazmiAR > Jan 22, 2022 11:51 AM | Report Abuse
Why when palm oil price have reach new all time high but company share price still not moving up?? Other loss making or small profitable company can jump to all time high without much fundamental or news/MOU that may not even materialize. (WOODLANDOR,COMPLETE LOGISTIC, SMTrack)
Why operator want to goreng these unpromising stocks instead of palm oil company that already set in stone strong earning in coming Quarter results? Bursa really is a twisted environment for investment
2022-01-23 11:49
Just like gloves in the previous early inflexion point b4 it shoot up high high previously....now it is palmoil time mah!
Collect your palmoil stock now loh!
2022-01-23 12:49
Why chose only Bplant ?
U should also look into sifu Calvin good bluechip plantation pick of Taann mah!
Posted by Sslee > Jan 23, 2022 12:41 PM | Report Abuse
I am still holding 500K bplant. Will top up if bplant drop below 70 cents.
Posted by Sslee > Jan 23, 2022 12:47 PM | Report Abuse
For the quarterly dividend and valuable free hold land assets in West Malaysia that can be easily monetised
Posted by stockraider > Jan 23, 2022 12:53 PM | Report Abuse X
Yes Make good sense now loh!
Posted by Sslee > Jan 23, 2022 12:47 PM | Report Abuse
For the quarterly dividend and valuable free hold land assets in West Malaysia that can be easily monetised
2022-01-23 12:56
Good morning Mr Otb
Your posted is noted
We don't go into dispute
Just invest in what you know best
Calvin wish you and all your subscribers well in i3 forum
Only time will tell whether Palm oil or steel is better
Have a nice day
2022-01-24 08:25
gohkimhock
It is obvious some companies are having cash flow problems here. They were hit hard by high raw material prices. And these finished products are not essential items.
2022-01-13 13:57