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 1,668
Hi Guys,

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
31 Mar 2022

 
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
31 Mar 2022

 
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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Discussions
2 people like this. Showing 3 of 3 comments

ahbah

Plantation stk bulls are still alive n kicking !!!!

1 month ago

calvintaneng

ahbah so clever

clap!
clap!!
clap!!!

Cheers!!

1 month ago

StartOfTheBull

However, if more investors like ahbah we won't have chance to buy cheap plantations stocks these few days.

1 month ago

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