THE INVESTMENT APPROACH OF CALVIN TAN
BPLANT VERSUS JTIASA: A brief look at their latest results, Calvin Tan
calvintaneng
Publish date: Mon, 21 Feb 2022, 10:49 PM
calvintaneng
0 1,798
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Hi guys,
This is a happy day indeed for both holders of Jtiasa & Bplant
Let's take a look at their results
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 |
||
|
31 Dec 2021
|
31 Dec 2020
|
31 Dec 2021
|
31 Dec 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
341,495
|
227,622
|
1,049,984
|
763,048
|
| 2 | Profit/(loss) before tax |
137,213
|
49,682
|
344,799
|
83,281
|
| 3 | Profit/(loss) for the period |
86,478
|
26,549
|
242,455
|
34,382
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
85,135
|
27,455
|
241,293
|
42,952
|
| 5 | Basic earnings/(loss) per share (Subunit) |
3.80
|
1.23
|
10.77
|
1.92
|
| 6 | Proposed/Declared dividend per share (Subunit) |
4.00
|
0.50
|
8.35
|
1.00
|
|
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 ($$) |
1.2100
|
1.1500
|
||
Profit is Rm85.135 millions out of Rm341.495 millions
= 24.9 % Net profit
It earned 3.8 sen
Annualised 3.8 x 4
= 15.2 sen
At 94.5 sen
Bplant has a P/E of 6.21
That means it will only take 6.21 years to double your money
Best of all Bplant is paying a 4th Dividend
Dividend is 4 sen
That shows that Bplant is giving out all its earnings of 3.8 sen plus another 0.2 sen from its own coffers
Why?
Because Bplant already received a Huge Windfall gain from Its estate disposal to Ytlpower. This money already received but will only be reported in May 2022 result & another excellent better dividend is expected.
JAYA TIASA
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2021
|
31 Dec 2020
|
31 Dec 2021
|
31 Dec 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
239,238
|
151,486
|
385,235
|
372,581
|
| 2 | Profit/(loss) before tax |
73,899
|
8,578
|
111,022
|
55,574
|
| 3 | Profit/(loss) for the period |
51,042
|
4,589
|
75,573
|
39,530
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
51,074
|
4,633
|
75,644
|
39,477
|
| 5 | Basic earnings/(loss) per share (Subunit) |
5.28
|
0.48
|
7.81
|
4.08
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.2500
|
1.1800
|
||
Jaya Tiasa earns Rm51.074 millions with Rm239.238 Millions
or 21.3% profit
or 5.28 sen
Annualise 5.28 x 4
= 21.12 sen
At 78.5 sen
Jtiasa P/E is 3.71
It only takes 3.71 years to double your money
Now why Jtiasa has not declared a dividend like Bplant?
Is Jtiasa balance sheet not sound?
Let's go take a look and compare
Bplant
Bplant current & non current loans are Rm1.013 Billions
It has Rm82 millions in Cash
(Of course yet to be reported are tha Sale of Kulai Estate lands)
Jtiasa
Jtiasa debt is a lighter Rm653 Millions
It has Rm180 Millions in Cash
It shows that Jtiasa balance is healthy. If it can repeat its Rm50 Millions net profit for the next few qtrs Jtiasa could also give out a generous dividend as well
Some wants dividend. Then go buy Bplant. Some only interested in growth. Then go for Jtiasa.
There is no hard and fast rule in investment
The most important thing is we invest in the correct industry at the right time
Best Regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
Please Note
We have Target Prices for Jtiasa, Bplant & Thplant
1st Target price Rm1.00
2nd Target price Rm1.50
3rd Target price Rm2.00
As Cpo has crossed Rm6,000 per ton we expect the Palm OIl Super earning Trends have returned
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Discussions
1 person likes this. Showing 4 of 4 comments
I think Bplant is stronger in most parameters .
Jtiasa also a beneficiary from the CPO bulls .
2022-02-22 15:05
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CS Tan
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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....
ahbah
All plantation stks. ... Just sapu anyone U like lah.
2022-02-22 12:47