THE INVESTMENT APPROACH OF CALVIN TAN
WHY FGV5222) AT RM1.31 LOOKS VERY UNDERVALUE, Calvin Tan
calvintaneng
Publish date: Sat, 24 Dec 2022, 03:36 PM
calvintaneng
0 1,700
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
FGV was listed in year 2012 with IPO price started trading between Rm4.00 to Rm5.00
Let us go back to year 2012 (See Bursa webpage
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31/03/2012
|
31/03/2011
|
31/03/2012
|
31/03/2011
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
1,719,997
|
1,688,481
|
1,719,997
|
1,688,481
|
| 2 | Profit/(loss) before tax |
280,806
|
495,284
|
280,806
|
495,284
|
| 3 | Profit/(loss) for the period |
223,212
|
350,158
|
223,212
|
350,158
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
192,165
|
359,048
|
192,165
|
359,048
|
| 5 | Basic earnings/(loss) per share (Subunit) |
10.90
|
20.30
|
10.90
|
20.30
|
| 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 ($$) |
0.7700
|
3.1800
|
||
10 years ago FGV reported Revenue of Rm1.71 Billions
10.9 sen profit
NAV 77 sen
See latest figure
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Sep 2022
|
30 Sep 2021
|
30 Sep 2022
|
30 Sep 2021
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
6,182,260
|
5,315,802
|
19,463,076
|
13,391,041
|
| 2 | Profit/(loss) before tax |
379,426
|
507,567
|
1,451,948
|
1,022,028
|
| 3 | Profit/(loss) for the period |
216,971
|
401,038
|
939,316
|
751,751
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
241,671
|
399,393
|
984,931
|
702,789
|
| 5 | Basic earnings/(loss) per share (Subunit) |
6.62
|
10.95
|
27.00
|
19.26
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
4.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.6400
|
1.4900
|
||
Latest figure shows Revenue is Rm6.18 Billions
Profit 6.62 sen
NAV is Rm1.64
While FGV Share price dropped from Rm4.00 to only Rm1.31
If you look at previous qtr
See
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 Jun 2022
|
30 Jun 2021
|
30 Jun 2022
|
30 Jun 2021
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
7,427,055
|
4,681,748
|
13,280,816
|
8,075,239
|
| 2 | Profit/(loss) before tax |
572,616
|
498,702
|
1,072,522
|
514,461
|
| 3 | Profit/(loss) for the period |
355,765
|
364,494
|
722,345
|
350,713
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
374,024
|
338,817
|
743,260
|
303,396
|
| 5 | Basic earnings/(loss) per share (Subunit) |
10.25
|
9.29
|
20.73
|
8.32
|
| 6 | Proposed/Declared dividend per share (Subunit) |
4.00
|
0.00
|
4.00
|
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 ($$) |
1.6000
|
1.4900
|
||
Previous Qtr Revenue was Rm7.4 Billions (Better than both KLK & Simedarby plant at Rm5 Bil to Rm6 Billions)
Profit 10.25 sen
NAV Rm1.60
Above tells us that The Sales Revenue of FGV has gone up manifold
Look at FGV dividends
| 30-Aug-2022 | 14-Sep-2022 | DIVIDEND | Interim Dividend | RM 0.0400 | |
| 28-Feb-2022 | 15-Mar-2022 | DIVIDEND | Final Dividend | RM 0.0800 | |
| 26-Feb-2021 | 17-Mar-2021 | DIVIDEND | Final Dividend | RM 0.0300 | |
| 28-May-2020 | 29-Jun-2020 | DIVIDEND | Final Dividend | RM 0.0200 | |
| 23-Nov-2017 | 07-Dec-2017 | DIVIDEND | Interim Dividend | RM 0.05 | |
| 25-Apr-2017 | 29-May-2017 | DIVIDEND | Final Dividend | RM 0.01 | |
| 27-Apr-2016 | 16-Jun-2016 | DIVIDEND | Final Dividend | RM 0.0200 | |
| 26-Nov-2015 | 09-Dec-2015 | DIVIDEND | Interim Dividend | RM 0.0200 | |
| 22-May-2015 | 26-Jun-2015 | DIVIDEND | Final Dividend | RM 0.0400 | |
| 25-Aug-2014 | 10-Sep-2014 | DIVIDEND | Interim Dividend | RM 0.06 | |
| 02-Jun-2014 | 26-Jun-2014 | DIVIDEND | Final Dividend | RM 0.1 | |
| 27-Nov-2013 | 10-Dec-2013 | DIVIDEND | Interim Dividend | RM 0.06 | |
| 07-Jun-2013 | 27-Jun-2013 | DIVIDEND | Final Dividend | RM 0.085 | |
| 04-Sep-2012 | 20-Sep-2012 | DIVIDEND | Interim Dividend | RM 0.055 |
In year 2012 RGV gave 5.5 sen dividend
This year FGV gave 4 sen & 8 sen = 12 sen
At Rm1.31
Dividend yield is 9.1%
Now FGV has rented lands from Felda for 99 years with rent of Rm248 Millions
Since FGV Revenue is Rm6 Billions to Rm7 Billions the rent is only about 4%
96% of Revenue after rent lease payment is still a lot
Now FGV has its own lands 1/3 apart from the leasehold lands rent from Felda
And FGV own lands are valued at only Rm3.2K an acre
Today Palm oil lands are more than Rm50K an acre in Peninsular and more than Rm20K an acre in East Malaysia
Above are facts & figures all can please check & verify
This is not a buy or sell call
Please consult your own remisier/fund manager before buying or selling
Kind Regards
Calvin
Wishing all at i3 Forum
A BLESSED CHRISTMAS
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
MORE TOP VALUABLE INVESTMENT SECRETS MY JOHOR SIFU TAUGHT ME (Part Two), Calvin Tan
Created by calvintaneng | Mar 11, 2023
Discussions
2 people like this. Showing 23 of 23 comments
No one of any research houses from
the securities firms of Malaysia and Singapore
had ever written or issued post that the palm oil stocks of
KLSE ARE IN A SUPER LEAGUE ONE IN A CENTURY ___
NO SUCH POSTS ISSUED OUT.
More so the famed plantation renowned analyst for plantation stocks in ASIA ,
Miss Ivy Ng had not forward such theme as the super duper bull run __ in KLSE .
Miss Ivy Ng credentials are enclosed as follows
Ivy Ng is currently the Head of Malaysia Research and Regional Head of Agribusiness in CGS-CIMB.
She is a CFA charterholder and holds a BSc in Economics from the London School of Economics.
She has been covering the palm oil sector since the mid-90s and expanded her coverage to include the regional palm oil companies since 2005.
She took on the role of Malaysian equity strategist since 2016.
She joined CIMB in 2005 and has been an investment analyst since 1994, with prior stints in Affin-UOB, Peregrine Research, Hwang-DBS Securities and GK Goh Research.
Ivy was ranked number one by Asiamoney polls as the best Malaysian strategist from 2017 to 2020,
best Malaysian industrial analyst for five consecutive years from 2014 to 2018,
best Malaysian utilities analyst in 2007 and 2008 and
best Malaysian plantation analyst from 2019-2020.
best Malaysian plantation analyst from 2019-2020.
best Malaysian plantation analyst from 2019-2020.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
2 months ago
Truth be Told
We act according to what we believe; not what we pretend to believe
We have never twist & turn in our target thar TSH will rise to Rm2.00 one day so we held on
Only SEE Research who promoted TSH more than 10 times as
T ENACIOUS
S AMSON
H ERCULES
will go to Rm2.00
Suddenly turned & sold all at Rm1.50
Twisted & turned to condemn TSH
See
https://klse.i3investor.com/web/blog/detail/see_research/2021-08-18-story-h1569802823-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_15_UPDATED_NUMBER_6_
2 months ago
This was posted by SEE Research in IJM Forum )Aug 2021(
SEE_Research
TSH /9059
SEE_RESEARCH
WAIT for strong rally VERY SOON
First target ------ RM 1.30
Mid term target --RM 2.00
2021-08-14 12:32
2 months ago
SEE REsearch
TARGET PRCE TSH = RM2.00
https://klse.i3investor.com/web/blog/detail/see_research/2021-08-14-story-h1569741319-NOW_SHOWING_THE_TRILOGY_OF_FAST_FURIOUS_SHOWS_PART_15_1_TOP_PICK_POSITI
2 months ago
CURRENT STRONG MAN OF THE WORLD
https://klse.i3investor.com/web/blog/detail/see_research/2022-02-23-story-h1599235494-SHOWING_THE_TRILOGY_OF_FAST_the_current_strong_man_of_the_world_Is_TSH_
2 months ago
PLEASE LEARN TO DISCERN WHO IS TELLING THE TRUTH
https://biblehub.com/proverbs/14-15.htm
2 months ago
Snake Research got no financial education
failed his maths
that is why he recommended rubbish like sh chan, HITECH, mytech and Kgb wb
2 months ago
Post a Comment
Featured Posts
MQ Trader
MQ Trader Announcement!
Trending Events
Apps
Top Articles
1
Koon Yew Yin's Blog
Why UK economy suffering more than other EU countries - Koon Yew Yin
2
DiversificationBusiness
3
4
save malaysia!
5
6
Good Articles to Share
Italy's Meloni ready to risk unpopularity over support for Ukraine
7
Kenanga Research & Investment
8
PublicInvest Research
Hot Stocks Today
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
SEE_Research
Post removed.Why?
2 months ago