Armada real catalyst will be from loan restructuring
Now just small show

51 otw

announce during historical high QR ... possible otw

Relax...20c to 38c closed to 100% now dowm bit then sudden all so negative

NARI AMERTRON (INRI MK)
(TP: RM3.33) BUY
Inari reported its strongest-ever headline profit in 1Q FY21 underpinned by strong demand for RF filters as its northern US-based smartphone client introduced 5G into its entire model line-up this year. With clear order visibility over the next 2 quarters, Inari is set to benefit from the 2.75x increase in its assembly capacity. Growth catalyst is likely to come from its Korean smartphone brand and contribution from the business in Philippines and its JV in the equipment business, which we have yet to incorporate into our model. We forecast a FY20-23E earnings CAGR of 49% and recently raised our 12-month TP to RM3.33, based on 35x CY21E PER. Downside
risk: loss of market share by its key smartphone client.

Whats ur email

Just be patient. Sop is the most cheapest plantation stock in the industry

RHB

9M20 unit cost was at MYR1,600/tonne (from MYR1,700/tonne in FY19).
This marked improvement stemmed from SOP’s ongoing cost cutting
initiatives (via staff cuts and mechanization). In addition, SOP has applied
85% to 90% of its fertilizer requirements during 9M20 and, as such, we
expect unit costs to come down in the remaining 4Q20.


Higher downstream profit.
Given its downstream lead time of c.2 months,
SOP is likely to have captured feedstock at lower prices and this trading
profit further boosted the performance of its downstream operations.
Moving forward, we expect SOP to benefit from the pick-up in demand from
key markets as business operations resume post-lockdowns. Its biodiesel
capacity expansion to 200,000 tonne pa is expected to be completed in
FY21.

https://www.streetinsider.com/dr/news.php?id=17659630&gfv=1

rich valuation for swkplant. IF PBB cover SOP based on the valuation given to SWKPLANT I think TP for SOP would have easily double

Palm-oil-in-China-Consumption-growth-expected-in-food-sector-as-government-moves-to-phase-out-GM-soybean-oil

https://www.foodnavigator-asia.com/Article/2020/11/24/Palm-oil-in-China-Consumption-growth-expected-in-food-sector-as-government-moves-to-phase-out-GM-soybean-oil

No need 3000....stay above 2800 SOP can still hit 300M. 2800 to 3000 for 2021 possible

Anyone got affin hwang report on 25/11 for kgb?

Air....Be a dynamic investor in stock market...important is to make money

300 x 16 PE = TP8.4

https://www.feednavigator.com/Article/2020/11/24/La-Nina-and-global-stockpiling-could-cause-agri-commodity-prices-to-increase-in-2021

MIB

BIMB's very contradict with their earnings upgrade.

Our call. Maintain TP of RM4.30 (based on P/BV of 1.0x and SOP’s FY21
BV/share) with revised earnings forecast for FY20/FY21 to RM222m and
RM292m respectively from RM154m and RM193m previously, as we
adjusted lower our costs of sales and tweaked our FFB processed and
CPO production number lower with higher ASP of palm product
anticipated. SOP’s share price has risen by 104% since its lowest in
March and we now see the stock reaching closer to our valuation with
an upside of 8.6% from current price. Hence, we changed our
recommendation from BUY to HOLD. Accumulate on weakness.

FY20E: Poised to deliver one of its highest PATMI in history

The above expected 3Q20 core PATMI was driven by high CPO ASP, decent downstream contribution, and lower-than-expected unit cost. While 4Q20 PATMI are likely to be lower QoQ on weaker output, and higher cost and taxes, SOP will nonetheless end the year posting one of the highest PATMI in its history. Following our EPS upgrades, we raise our TP to MYR5.36 on 15x 2021 PER peg, its updated historical 5Y mean. Trading at just 11x FY21 PER and adj. EV/ planted ha of MYR23,000, SOP remains a BUY.

this is a growth fully integrated plantation company cash reserve for capex. whereas sarawak plantation is a pure upstream small plantation company

Not liquid...if share bonus. Sure attract investors

Can someone share the agm update.

How was the agm

9.6m excluding impairment. More big projects coming

Bumi Armada - CIMB
BAB makes progress with OSV disposals
■ 9M20 core net profit was in line at 75% of our/consensus full-year estimates.
■ Maintain Add but cut DCF-based TP to 43 sen (Ke: 14.5%) despite rolling
forward to end-CY21F, as BAB’s cash collections are slower than expected.
■ BAB is undervalued, in our view, but lacks immediate catalysts. The key
potential rerating catalyst is if it succeeds in its 2021 debt renegotiations.

Anyone receive inari virtual agm link?

Just picking up in q3. RF high margin. Q4 will be higher

70m

Maintain BUY, raising TP to MYR3.40
Inari is our preferred pick to benefit from the mass deployment of 5G
networks and increasing sales of premium 5G smartphones. Our earnings
forecasts are unchanged at this juncture, but we raised our TP to
MYR3.40 (+95sen), based on a target 36x CY21E PER (at +2SD) to reflect
the strong near-term earnings growth prospects and our expectation of a
sector re-rating. We rolled forward valuation from 28x FY21E PER (at
+1SD). Medium to long-term growth is supported by on-boarding of new
products/customers and M&As. Inari is our Top Pick for the hardware
technology sector.
Capacity expansion denotes strong demand
We have a strong earnings growth outlook for Inari due to its RF (radio
frequency) division. Inari has 22 SiP (system in package) assembly lines,
after adding six new lines in 1QFY21 and eight in 4QFY20. This denotes a
favourable, sizeable demand outlook from its key RF customer
(Broadcom) and expectation of the end-customer’s strong sales of their
new 5G smartphones. We believe there are also possibilities for
additional capacity to be installed in the near future in the P34 plant.
Notably, Inari’s current RF utilisation rate is about 90-95%.
Earnings forecasts unchanged
Our FY21-23E earnings are unchanged at this juncture. Earnings growths
(5-80% YoY) should be mainly driven by the RF division which is projected
to contribute 51-53% of the Group’s FY21-23E revenue. Elsewhere, Inari
has a healthy FY20 net cash of 17sen/share and FCF of 7.9sen/share
which support future dividends and potential M&A activities.
Risks if 5G deployment is slower than expected
Slower-than-expected deployment of 5G networks globally and lower 5G
smartphone sales of leading brands could represent earnings downside
for Inari, as it would lead to lower demand for Inari’s RF filters. There
are also potential earnings risks at its optoelectronics division,
particularly if there’s a prolonged slowdown of the automotive industry.

Notably, Inari’s current RF utilisation rate is about 90-95%. From mib

MIB TP for Inari RM3.4

Forward EPS 60C

Min 4.7 by MIB

Malay Mail

AmInvestment Bank: FSPO seen as bright spot in O&G industry
Friday, 13 Nov 2020 03:19 PM MYT

KUALA LUMPUR, Nov 13 — AmInvestment Bank Bhd said the development in floating production, storage and offloading (FPSO) activities has reaffirmed its view that the sector is one of the brighter spots in the oil and gas (O&G) industry.

It said the O&G industry is still struggling with the Covid-19 pandemic that has derailed oil demand, while multiple FPSO projects are currently being evaluated in South America and West Africa.

“Brazil’s Petrobras is currently looking at up to 14 FPSO projects, while there are five in the North Sea, four in Australia, three in Guyana and three in West Africa.

“Given that the previous oil collapse and current pandemic have culled the number of global operators with adequate operational and financial capability, the remaining players are currently in a sweet spot,” said AmInvestment Bank in a research note today.

It said that there are fresh FPSO prospects in Malaysia with the rebidding exercise for the Limbayong FPSO charter to be deployed off Sabah.

Petronas is looking to charter the Limbayong FPSO for a firm 12 years, with options for 3 + 3 + 2 years.

“At least four leading international contractors or consortia have shown interest in the deepwater-capable FPSO, which could cost up to US$700 million (US$1=RM4.13). This includes domestic players such as MISC, Yinson, Sabah International Petroleum and Bumi Armada.

“However, Bumi Armada may be partnering with India’s Shapoorji Pallonji Oil & Gas, similar to its three projects in India and one in Indonesia due to the group’s financial constraints,” said the investment bank.

Meanwhile, Upstream reported that US-independent ConocoPhillips may be opening a bid for an FPSO vessel charter for its Patawali oil project on Block WL4-00 off Sarawak, following a feasibility study, despite market uncertainty in the wake of the Covid-19 pandemic.

AmInvestment Bank added that four local FPSO players, namely Bumi Armada, MISC, Yinson and MTC were said to be interested in the FPSO project, while Aker Solutions and TechnipFMC could be bidding for the engineering contract. — Bernama

What's your prediction for SOP's Q3 earnings

Hit rm4

2.74

2.71 historical high

Trump wins

glove spend for capex...benefit their supply chain...but gdp + tax meanwhile, to stay competitive in global market

Zero export tax likely to extend

Inari capacity utilization rate improved to 70% plus in july expects further increase to 85%. June only 60%. Good to note thay For july onwards the production line more than double. Utilization up production line up...so? Top line up? Margin expansion?

Why all other tech stocks pricey than inari...

Can some one compile gs comments and post here from there we can see the clear pic whether inari share price is movement is per what gs said.

yes. margin expansion not only due to high CPO price but moving towards quality of palm oil products and high margin products as Management emphasized during last corporate presentation organized by RHB.

Each of investor has to make their own decision. Don have to take thing personally. Here is to give input on how one view on the biz and stocks

Iphone 12 sales mainly from china and in euro n us. Iphone 12 is small ticket.