THE INVESTMENT APPROACH OF CALVIN TAN
FANTASTIC RESULTS OF TAANN & SOP TELL US THAT PALM OIL SUPERBULL IS ONGOING & WILL GROW FROM STRENGTH TO STRENGTH, Calvin Tan
calvintaneng
Publish date: Mon, 23 May 2022, 10:33 PM
calvintaneng
0 1,841
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 Friends
Both TAANN & SOP POSTED EXCELLENT RESULTS IN SPITE OF LOWER FFB
THE PRICE SURGE OF FFB & CPO OVER WHELMS THEM WITH HIGH CASH INFLOW
See
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 |
||
|
31 Mar 2022
|
31 Mar 2021
|
31 Mar 2022
|
31 Mar 2021
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
487,754
|
340,621
|
487,754
|
340,621
|
| 2 | Profit/(loss) before tax |
114,819
|
47,562
|
114,819
|
47,562
|
| 3 | Profit/(loss) for the period |
121,134
|
47,833
|
121,134
|
47,833
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
104,620
|
40,975
|
104,620
|
40,975
|
| 5 | Basic earnings/(loss) per share (Subunit) |
23.75
|
9.30
|
23.75
|
9.30
|
| 6 | Proposed/Declared dividend per share (Subunit) |
10.00
|
0.00
|
15.00
|
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 ($$) |
3.8200
|
3.6300
|
||
Excellent profit 23.75 sen
Annualised 23.75 x 4
95 sen
TAANN current price Rm5.60
To get P/E divides Rm5.60 by 95 sen
= 5.89 P/E
Plus TAANN is giving another 10 sen dividend
Well done!
2. SOP
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Mar 2022
|
31 Mar 2021
|
31 Mar 2022
|
31 Mar 2021
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
1,434,576
|
788,322
|
1,434,576
|
788,322
|
| 2 | Profit/(loss) before tax |
268,605
|
113,033
|
268,605
|
113,033
|
| 3 | Profit/(loss) for the period |
205,737
|
86,610
|
205,737
|
86,610
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
194,991
|
79,057
|
194,991
|
79,057
|
| 5 | Basic earnings/(loss) per share (Subunit) |
34.09
|
13.84
|
34.09
|
13.84
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
5.2400
|
4.9000
|
||
Definition of Subunit:
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 |
Announcement Info
| Company Name | SARAWAK OIL PALMS BERHAD |
| Stock Name | SOP |
| Date Announced | 23 May 2022 |
| Category | Financial Results |
| Reference Number | FRA-23052022-00066 |
ANOTHER ROCK SOLID EARNING QTR
34.09 sen
Annualised 34.09 x 4
= Rm1.36
Current price Rm6.00
To get forward P/E divides Rm6.00 by Rm1.36
= FANTASTIC 4.41 P/E
Out of 300,000 Acres of Palm oil
More than 220,000 Acres now Prime Age (bigger than Singapore landmass of 180,000 acres)
If Market finally WAKES UP and Rerate SOP to just 10 P/E
Then SOP Should cross Rm12,00 like a breeze
BOTH TAANN & SOP HAVE 100% OPERATIONS IN THE STATE OF SARAWAK (Unaffected by Indonesia Problems)
As such both expected to cross Rm10.00 into Blue Chip status
BEST REGARDS
Calvin Tan
Please buy or sell after doing your own due diligence or consult your remisier/fund manager
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2 people like this. Showing 3 of 3 comments
However, if more investors like ahbah we won't have chance to buy cheap plantations stocks these few days.
2022-05-25 21:05
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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
Plantation stk bulls are still alive n kicking !!!!
2022-05-25 15:18