THE INVESTMENT APPROACH OF CALVIN TAN

THPLANT Improving Fundamentals, Calvin Tan

calvintaneng
Publish date: Wed, 07 Feb 2024, 08:52 PM
calvintaneng
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Hi Guys,

I have An Investment Approach I which I would like to all.

Dear friends

This month Thplant should report a better result

Why should it be so?


See our explanation


Take a look at these Figures


Refer Bursa Website


TH PLANTATIONS BERHAD
Production figures for current quarter and year to date
Individual Quarter (quarter)
Cumulative Period
Current Year Quarter
Preceding Year Corresponding Quarter
Changes

(Amount / %)

Current Year To - Date
Preceding Year Corresponding Period
Changes

(Amount / %)

31 December 2023
31 December 2022
31 December 2023
31 December 2022
PLANTATION
Crude Palm Oil (MT)
										42,196.64

										45,689.60

										-7.64

										151,128.05

										152,211.46

										-0.71

Fresh Fruits Bunches (MT)
										248,618.47

										208,375.20

										19.31

										787,741.14

										695,824.42

										13.21

Palm Kernel (MT)
										10,471.67

										11,515.78

										-9.07

										38,878.95

										38,082.54

										2.09

Production figures for current quarter compared with immediate preceding quarter
Current Quarter
Immediate Preceding Quarter
Changes

(Amount / %)

31 December 2023
31 December 2022
PLANTATION
Crude Palm Oil (MT)
										42,196.64

										42,013.86

										0.44

Fresh Fruits Bunches (MT)
										248,618.47

										233,706.07

										6.38

Palm Kernel (MT)
										10,471.67

										11,115.68

										-5.79



From above we SEE ffb Year on Year Qtr is up by 13.21%


And Quarter to Quarter FFB also up by 6.38% 


Since Thplant has resumed dividends last year we think Thplant will also give dividend this year


Take a look again at the Last  Qtr Result


SUMMARY OF KEY FINANCIAL INFORMATION

30 Sep 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR

CORRESPONDING

QUARTER

CURRENT YEAR TO DATE
PRECEDING YEAR

CORRESPONDING

PERIOD

30 Sep 2023
30 Sep 2022
30 Sep 2023
30 Sep 2022
$$'000
$$'000
$$'000
$$'000
1
Revenue
216,639
213,392
535,524
661,947
2
Profit/(loss) before tax
28,548
23,881
60,947
81,394
3
Profit/(loss) for the period
21,055
16,144
39,821
52,684
4
Profit/(loss) attributable to ordinary equity holders of the parent
17,553
14,367
34,339
45,721
5
Basic earnings/(loss) per share (Subunit)
1.50
1.13
2.37
4.68
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 ($$)
0.7900
0.7900



Last qtr earns 1.5 sen


Annualised 4X1.5 sen


= 6 sen


At 55 sen with Eps 6 sen


The yield is 10.9%


And P/E is 9.16


Thplant deals with down to earth FFB & Cpo plus some Timber


Very solid and stable


The Assets remain as Stated at Old Book Value and increasing in value every year


Warmest Regards

Calvin Tan


Please buy or sell after doing your own due diligence

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