Dear friend of i3 forum
There is a lot of talk that Banks are Best & Palm oil no good or neutral at best
We will follow Singapore Ms Teh Hooi Ling example
She wrote a number of Books titled "
SHOW ME THE MONEY"
See
Now we will see the MONEY In Gloves Versus Banks Versus Palm Oil Co
(Please refer to respective Latest Bursa Announcements\
Now let us Look at Gloves
1) TOP GLOVE
Cash and cash equivalents at 28 February 2023/2022 345,134 562,461
In year 2022 Topglove Cash Position was
Rm562 MILLIONS
Now Rm345 Millions
A Drop of Rm218 Millions or 38% Down
2) SUPERMAX
Cash & cash equivalent at end of period 2,613,313 3,392,150
Cash was Rm3.392 Billions
Now Rm2.6 Billions (Drop of 23%)
Supermax has planned a RM1 Billion Investment to set up Glove Factory in USA
3. HARTALEGA
(Refer to Bursa)
Cash was 3,047,430,000
Now Rm1,928,352,000
Down by 36%
4. KOSSAN
CASH WAS Rm2,557,765,000
CASH NOW Rm1,347,228,000
Dropped 47%
From above we see the Super Earnings of Gloves now over
2 Reasons
1) Total Glut after Vaccine cured Covid 19 plus immunity built up
2) Fierce ongoing price war from China Glove dumping
Can see in Lazada Singapore & Alibaba China all the discounted prices of gloves in combat
BANKS OF MALAYSIA
1) CIMB BANK
Refer to Latest Quarter Results from Bursa Website
Cash and cash equivalents at end of financial year
In Year 2022 then Rm45,425,729,000
Cash now: Rm43,039,072,000
Cash dropped by Rm2.386 Billions or down
DOWN BY 5.2%
2. RHB BANK
CASH WAS Rm19,831,323,000
Cash now: Rm19,134,835,000
A drop of Rm697 Millions (less cash)
3. MAYBANK
Cash and cash equivalents at end of the financial year 50,830,482
cash was RM51,882,143,000
CASH NOW RM50,830,482,000
A DROP OF RM1.052 BILLIONS (LESS CASH NOW)
4. PUBLIC BANK
REFER ANNOUNCEMENTS FROM BURSA
CASH WAS RM14,048,205,000
CASH NOW: RM18,795,171,000
CASH UP RM4.7 BILLIONS
THIS ONE HAS IMPROVED
OVER ALL WE SEE CASH OF G;OVE COMPANIES MOSTLY DOWN AND BANKS MIXED
NOW LOOK AT PALM OIL COMPANIES
1. TSH RESOURCES
REFER BURSA WEBSITE
Cash and bank balances 376,232 292,751
WAS RM292 MILLIONS
NOW RM376 MILLIONS
CASH INCREASED BY RM84 MILLIONS OR UP 22.3%
NOTE; ANOTHER RM302 MILLIONS CASH BELATELY RECEIVED IN JAN 2023 FOR LAND SOLD WILL BE REPORTED BY MAY 2023 RESULTS. ABOUT 21.9 SEN CASH
2. JAYA TIASA
Cash and cash equivalents at the end of the year
CASH WAS RM163,666,000
CASH NOW RM167,812,000
CASH INCREASED BY RM42 MILLIONS
(NOTE; LOANS WAS FURTHERED PARED DOWN)
3.BPLANT
cash was RM82,175,000
CASH NOW RM165,605,000
UP BY RM83.4 MILLIONS
5. TAANN
Cash and cash equivalents at 31 December (Note 22) 523,624 454,945
CASH WAS RM454.9 MILLIONS
CASH NOW RM523.6 MILLIONS
CASH UP BY 68.7 MILLIONS
CASH STILL UP ALOT EVEN AFTER TAANN GAVE OUT A TOTAL OF 40 SEN DIVIDEND LAST YEAR
5. SOP (SARAWAK OIL PALM)
Cash and bank balances 1,236,181 796,693
CASH WAS RM796.6 MILLIONS
CASH NOW RM1.236 BILLIONS
CASH INCREASED BY 439.4 MILLIONS
WHILE TAANN GAVE OUT ITS SURPLUS CASH SOP RETAIN CASH FOR MANY PROJECTS YET AHEAD
6. HS PLANT
Cash and cash equivalents
166,336 121,040
CASH WAS RM121 MILLIONS
CASH NOW RM166 MILLIONS
CASH UP BY RM45 MILLIONS
IS THAT ALL?
NO!
ACTUALLY HS PLANT INVESTED ITS FUNDS INTO MONEY MARKET
SEE
Money market deposits 339,586 296,637
WAS RM296.6 MILLIONS
NOW RM339.5 MILLIONS
TOTAL CASH OF HS PLANT ACTUALLY A NICE RM505 MILLIONS OR 63 SEN PER SHARE
TODAY MHC PLANT UP AFTER IT GAVE OUT A 6 SEN DIVIDEND BUT IT ONLY EARNED 0.11 SEN PROFIT LAST QUATER
WHY?
ANSWER:
BECAUSE PALM OIL COMPANIES ARE NOW OVERFLOWING IN CASH
TOO MUCH CASH THAT THEY HAVE TO GIVE THEM OUT AS GOOD DIVIDENDS
SO HERE WE 'SEE THE MONEY"
AND THE MONEY IS IN PALM OIL
HOW COME?
LISTEN
IN YEAR 2019 CPO WAS ONLY RM2200 YET ALL PALM OIL CO SURVIVED
COST ONLY RM1400
SO AT EVEN RM2200 PER TON THE GROSS PROFIT IS A DECENT RM800 PER TO CPO
NOW CPO IS OVER RM3700 PER TON COST IS RM2000
THERE IS A HUGE GROSS PROFIT OF RM1700 (MORE THAN DOUBLE THAT OF YEAR 2019 BY OVER 100%)
AND AS LONG AS CPO DOES NOT FALL BACK TO RM2200 (2019 YEAR PRICE) ALL PALM OIL CO WILL SURVIVE
AT RM3000 ALL WILL DO WELL
AT RM3500 ALL WILL DO GREAT
ANYTHING OVER RM4000 WILL BE EXCELLENT
ALL THE PAST BULL YEARS OF PALM OIL IN 2008, 2012 AND 2014 NEVER SEE PALM OIL CPO EXCEED RM4000 A TON AND STAYED THERE
NOW IF CPO CAN STAY ABOVE RM3000 TO RM4000 RANGE WE WILL SEE EXCELLENT STABLE, SOLID AND SOUND BALANCE SHEET
WITH SINCERE REGARDS
Calvin Tan
PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE AND CAREFUL INVESTIGATION OR CONSULT YOUR REMISIER/FUND MANAGER
Created by calvintaneng | Apr 07, 2023
Created by calvintaneng | Mar 25, 2023
Created by calvintaneng | Mar 11, 2023
calvintaneng
GLOVES SEE DEPLETING CASH MUST NOW CONSERVE IT
BANKS ALSO MUST BE DILIGENT TO GUARD LESS NPL GOES UP
PALM OIL CO SHOULD WORK HARDER BY GETTING MORE FRUIT HARVESTER PLUS GO INTO AUTOMATION
NOW THAT NATURAL GAS HAS DROPPED BY 80% THERE IS SAVING FROM CHEAPER NITROGEN FERTILIZER MADE FROM NATURAL GAS
SEE CHART
NATUTAL GAS DOWN FROM USD10 TO NEAR USD2
https://tradingeconomics.com/commodity/natural-gas
1 month ago