THE INVESTMENT APPROACH OF CALVIN TAN
SARAWAK PLANTATION (5135) VERSUS HAP SENG PLANT (5138) : BOTH ARE GOOD: BUT WHICH ONE IS BETTER, Calvin Tan
calvintaneng
Publish date: Wed, 23 Feb 2022, 09:43 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.
Dear Investors
Today both Swkplant (5135) and Hs Plant (51238) results are out
Lately we hear lots of noise on Swkplant. Of course Swkplant is good. But we think HsPlant is better.
Why?
See the Results
SWK PLANT (5135)
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 |
243,637
|
132,224
|
790,524
|
465,750
|
| 2 | Profit/(loss) before tax |
43,787
|
21,873
|
168,391
|
83,054
|
| 3 | Profit/(loss) for the period |
32,674
|
16,320
|
128,289
|
61,647
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
32,532
|
16,690
|
127,826
|
61,421
|
| 5 | Basic earnings/(loss) per share (Subunit) |
11.66
|
5.98
|
45.81
|
22.01
|
| 6 | Proposed/Declared dividend per share (Subunit) |
5.00
|
0.00
|
20.00
|
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 ($$) |
2.4000
|
2.0900
|
||
Revenue Rm243.637 Millions
Profit Rm32.532 millions
To get percentage of profit
divides Rm32.532 Mil by Rm243.637 Mil
= 13.3%
This qtr earns 11.66 sen
Annualised 11.66 x 4
= 46.64 sen
Current price Rm3.16
To get P/E divides Rm3.16 by 46.64
= 6.77
It will take 6.77 years to double your money
Dividend is 5 sen
or 1.5% this qtr
HS PLANT (5138)
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2021
|
31 Dec 2020
|
31 Dec 2021
|
31 Dec 2020
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
194,828
|
153,269
|
670,851
|
467,595
|
| 2 | Profit/(loss) before tax |
118,160
|
50,147
|
290,260
|
108,400
|
| 3 | Profit/(loss) for the period |
94,307
|
36,951
|
224,023
|
90,296
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
94,307
|
36,951
|
224,023
|
90,296
|
| 5 | Basic earnings/(loss) per share (Subunit) |
11.79
|
4.62
|
28.01
|
11.29
|
| 6 | Proposed/Declared dividend per share (Subunit) |
15.50
|
5.50
|
17.00
|
7.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.3500
|
2.14
|
||
Revenue Rm194.828 Millions
Profit Rm94.307 Millions
To get profit in percentage
Divides Rm94.307 Mil by Rm194.828 Mil
= 48.4%
So Hs Plants profit 3.63 times better.
This quarter earns 11.79 sen
Annualised 11.79 x 4
47.16 sen
Current price of Hs Plant Rm2.35
To get P/E divides Rm2.35 by 47.16
= 4.98
That means HsPlant will double your money in 4.98 years
Dividend is 15.5 sen
= 6.5%
Note: The historical high of SWKPLANT in year 2008 was Rm4.20
Calvin expects SwkPlant to breach that and go higher
Calvin owns Taann which is the Top Holder of SwkPlant.
Taann is a highly respected Palm oil company with integrity & honest Management.
The historical high of Hs Plant was Rm3.78 also in year 2008 and we certainly expect Hs Plant to go higher than that as well
Figures extracted from STOCK PERFORMACE GUIDE By Dynaquest 2015 March Ed
Best Regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
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Discussions
1 person likes this. Showing 10 of 10 comments
The rolling 4Q EPS for SWKPLNT is 45.65 which equates to P/E of 6.92 Vs HSPLANT 28 for a P/E of 8.39. Further the total dividend received for the F21 for SWKPLNT is 20 cents which equates to dividend yield of 6.3% ...
2022-02-23 22:30
You cannot be selective in the EPS calculation by multiplying by 4 quarters for the current EPS, instead should be using the previous total EPS for the pass 4 quarters. Similarly, the dividend yield should consider the total dividend declared in financial year instead of the current quarter only
2022-02-23 22:35
Good boy calvintaneng, must learn from sifu ongth60 when doing your analysis!
2022-02-23 22:54
Long time didn't see you MaGic Dust
Come and join the palm oil Bull party
Welcome
Welcome
Calvin use forward P/E rather than the traditional yardstick as We are now in Palm oil cyclical superbull
It is good to see input from Ongth60
It is high time better and more clever Sifu on palm oil appear on the scene so I can take a nice break
Good night
2022-02-23 23:18
HSPlant core net should be around 75mil after adjusting for fair value adjustment of +19mil. Sarawak Plantation core earnings should be 44mil after fair value adjustment of about -12mil. Both are good. All the best
2022-02-23 23:57
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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....
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Both oso buy
2022-02-23 21:46