Dear Friends of i3 Forum,
Since year 2021 we have a Group called "EAGLE VISION FIRST MOVER" On Palm OIl
As such we know a little about Palm Oil after 3 short years
And here is a fair appraisal of MKHOP
Let us study the latest Numbers as Revealed
SUMMARY OF KEY FINANCIAL INFORMATION31 Mar 2024 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
31 Mar 2024 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2023 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 86,049 | 0 | 168,350 | 0 |
2 | Profit/(loss) before tax | 20,118 | 0 | 36,042 | 0 |
3 | Profit/(loss) for the period | 16,019 | 0 | 27,113 | 0 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 16,019 | 0 | 26,467 | 0 |
5 | Basic earnings/(loss) per share (Subunit) | 2.36 | 0.00 | 3.91 | 0.00 |
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 ($$) | 0.5800 | 2.8100 |
this qtr MKHOP earned 2.36 sen
Annualised 2.36 X 4
= 9.44 sen
At current price of 61.5 sen
its forward P/E is 61.5 sen divides by 9.44 sen
= 6.51 P/E
This is much better than current touted hot stocks of so many others in IT, Tech, Property, Construction, Oil & Gas etc
Now some have pointed out that MKHOP's NAV (NTA) Only 58 sen?
Now As we have calculated MKHOP per acre cost is Rm14,000 in Kutai East, East Kalimantan
A check with current asking prices of lands in Kutai East shows very much higher asking prices
See
Rp 60.000.000
This article first appeared
in The Edge Malaysia Weekly on March 18, 2024 - March 24, 2024
BOUSTEAD Plantations Bhd (BPlant), a wholly-owned subsidiary of Lembaga Tabung Angkatan Tentera (LTAT)-controlled Boustead Holdings Bhd, is in talks to sell 1,200 acres of plantation land in Kulim, Kedah, to Kulim Technology Park Corp Sdn Bhd (KTPC), according to sources.
It is understood that the price tag being bandied about is RM7.50 to RM7.80 psf, or about RM400 million for all of the 1,200 acres.
IJM PLANTATIONS BERHAD |
Financial Year End | 31 Mar 2022 |
Quarter | 2 Qtr |
Quarterly report for the financial period ended | 30 Sep 2021 |
The figures | have not been audited |
SUMMARY OF KEY FINANCIAL INFORMATION30 Sep 2021 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 299,782 | 211,370 | 571,497 | 417,355 |
2 | Profit/(loss) before tax | 132,422 | -2,430 | 215,539 | 112,868 |
3 | Profit/(loss) for the period | 103,942 | -3,201 | 165,728 | 84,723 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 101,040 | -1,040 | 161,100 | 81,076 |
5 | Basic earnings/(loss) per share (Subunit) | 11.47 | -0.12 | 18.29 | 9.21 |
6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.7400 | 1.63 |
SEE
THE NAV (NTA) OF IJM PLANT ONLY RM1.74?
NOW KLK TOOK IJM PLANT PRIVATE AT RM3.10
FROM RM1.74 TO RM3.10 IS UP 78%
SO BY THE SAME TOKEN IF WE ADD 78% TO MKHOP NTA BY ANOTHER 78%
Then it will be 58 sen X 1.78
= Rm1.03
SO THE REVISED NTA Should be Rm1.03
And at 61.5 sen MKHOP is selling at a discount of 41% to NTA
But remember this
When KLK took Ijmplant private IJM Plant has lands in Sabah, Bulugan & East Kutai
In East Kutai Ijmplant has about 50,000 acres land with Book Value about Rm13,000 per acre
That was in year 2021
See
The debate over the transfer of the national capital from Java to Kalimantan ended with the passage of Law Number 3 of 2022 concerning the National Capital (IKN Law). This law was signed and officially published on 15 February 2022, which established the Nusantara Capital Authority, a ministry-level organization that oversees the Special Capital Region of the Archipelago Government, and the designation of the name Nusantara (hence the name Ibu Kota Nusantara IKN) as the capital of the country. With the passing of the law, the new national capital will become the seat of the central government as well as delegations from other countries and international organizations and institutions.
With Kind Regards
Calvin Tan
Please buy or sell after doing your own due diligence
Or consult your Remisier/Fund Manager
NOTE:
ONLY TSH RESOURCES GOT BETTER LANDS THAN MKHOP AS ITS LANDS IN KUTAI BARAT COMMANDS A PRICE OVER OVER RM MILLIONS PER ACRE
MKHOP should trade above Rm1.00
TSH RESOURCES should be worth at least Rm3.00 to Rm5.00
These are the Intrinsic Values
Chart | Stock Name | Last | Change | Volume |
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Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
Created by calvintaneng | Aug 03, 2024
In June 2021 Klk offered to take Ijm plant private at Rm3.10
Ijm plant paid up shares
880,500,000
Lands: 188,248 acres
At cost of Rm3.10 takeover
the price per acre is Rm16,600 an acre
and Ikn Nusantara was officially started building in Feb 2022
so by now land prices are worth much more for those lands in kutai east
2024-05-03 08:25
calvintaneng
https://www.youtube.com/watch?v=O2HtKB9XMf0
2024-05-02 05:50