https://paultan.org/2022/05/25/2022-kia-ev6-gt-line-in-malaysia-preview/

either they distribute the excess cash or make it work harder. the only way to close the gap between share price and book value is to increase its return on capital

At least management is doing something via monetizing assets/unlocking value. this hotel sale is just a start.

2015 was their record year. PAT 31.7mil. EPS 30sen and DPS 15sen (about 50% payout)

If they can maintain and do a bit better, hopefully can achieve 30sen earnings per share again matching their previous high

Q1 FCF is 26mil or 26sen per share. 3 sen divvy is a tiny piece. Cash balances a whopping 106mil vs MC of 151mil. Very hard for this company to go bankrupt

Based on the North America lumber market outlook report, housing starts, which is a primary driver of lumber demand and selling price is expected to continue growing in year 2022. Thus, we expect that market price for wood products is sustainable in current year based on the US consumption of lumber as well as continued supply-side constraints due to its logistic issue and also Russia-Ukraine conflict.
However, costs of raw material and other components are increasing in current year due to increased oil price.
Besides, revision of minimum wage effective from 1 May 2022 would increase our production costs by approximately 4%. The impact of the increasing production cost can be minimised if we are able to increase our production volume through the employment of more workers. However, the current selling price of plywood,
without taking into consideration of the recent strengthening of US dollar, is able to absorb the increase of the production costs. Based on the current operating environment, the Board of Directors is confident that the Group will achieve a new height in year 2022.

Moreover, due to rising investments in oil & gas extraction and production across deep-sea locations, the demand for FPSO across offshore reserves is expected to increase significantly. Due to the rapid growth of the world's population, the rising energy requirements will increase technological demand over the forecast period and eventually drive the FPSO market. Furthermore, according to OPEC, China is the region's largest oil producer, producing 5 million barrels of oil per day. So, the increasing oil production in the region is further driving the FPSO market. In addition, the technological advancements in floating production storage and offloading over other production systems, such as digitalization of FPSO and penetration of IoT and
automation in the oil & gas industry, increased focus of FPSO market players on R&D activities, and the development of new products would create trends for the FPSO market growth in the coming years.

The COVID-19 outbreak across the globe has substantially impacted oil and gas industry, especially in Europe. The rapid industrialization and urbanization in the MEA region is projected to contribute to the FPSO market growth. Oil & gas production is one of the prominent businesses in the region. Libya, the UAE, Saudi Arabia, Iran, and Qatar are a few countries that have seen growth in the oil business. Despite the slowdown in economic growth and substantial macroeconomic imbalances from lower oil prices in the last few years, oil & gas producing countries in the MEA are boosting their oil & gas production by partnering with foreign firms to expand the huge onshore and offshore oil & gas fields, which is creating the demand for FPSO units. Moreover, due to the rising oil & gas extraction and production investment, the demand for FPSO across offshore reserves is expected to increase significantly.

Global FPSO market was valued at $11.91 billion in 2021 and is expected to reach $21.83 billion by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.

The FPSO market growth is driven by the increasing oil and gas production in deep-water and ultra-deep-water drives the demand for the integration of FPSOs into the ships used to explore oil and gas, the advancements in subsea technology would increase the adoption of advanced oil & gas extraction and production processes.

The FPSO market is stimulated by an expansion in offshore operations in deepwaters and ultra-deep seas due to increased investments in this area. According to Energy Information Administration (EIA), Brazil, the US, Angola, and Norway produce the bulk of oil & gas from deepwater and ultra-deepwater. Since the last decade, the share of crude oil output from deepwater or ultra-deepwater developments has grown in these countries. Moreover, according to the US Energy Information Association, in 2020, the US exported ~8.51 MMb/d and imported ~7.86 MMb/d of petroleum, making the US a yearly petroleum exporter since 1949. Also, in 2020, the US produced ~18.40 million barrels of petroleum per day (MMb/d) and consumed ~18.12 MMb/d. The growing oil imports and exports are propelling the demand for comprehensive FPSO units in North America. Growing industrialization and surging population propel the demand for oil in Europe. . As crude oil requires less refining and is less hazardous to the environment the adoption of crude oil is increasing rapidly. Moreover, owing to their availability and low cost, crude oil and petroleum
are widely used in essential sectors such as transportation, medicine, agriculture, textiles, plastics, hygiene products, heating, road asphalt, and metallurgy. As a result of the increasing use of oil in the region, the FPSO market continues to grow.

Not forgetting, their annual bean griding capacity exceeding 300,000MT

The game changer comes when their processing facility at Ivory Coast commence operation in end 2Q or early 3Q. They would become more vertically integrated, able to drive better cost efficiencies and minimise supply chain risk as they able to source the beans from the origins and have better control of the supply chain. And via SCHOKINAG and establishment of subisi in UK, they would be able to supply directly to UK and Europe.

Oriental is like a business with free optionality

You are getting paid to wait. or rather i am getting paid 6% on my 5.30 cost every year waiting for the market to adjust

Look at it this way, their cash itself is always 50-60% of their market cap. This company generates healthy earnings and free cash flow every year. so in no way it is a value trap. as investors, we are getting rewarded every year

The free optionality comes from increased in asset values which the market has for some reasons not pricing it in.

Good riddance. Share price moved after someone dumped his shares.

Very happy to have bought Dialog at 2.48

Highest revenue ever, indicative of elevated ASP. Expect PCHEM to record highest quarterly earnings ever and handsome dividends

1. Demand for RV is robust
2. Lumber prices remain elevated at above $1k/board
3. USDMYR at high of 4.36

Results for the RV Industry Association’s March 2022 survey of manufacturers determined that total RV shipments ended the month with 64,454 units, an increase of 18.7% compared to the 54,291 units shipped during March 2021. Through March, RV shipments are up 15.5% against the same point last year with 171,466 wholesale shipments.

Both the month of March and the first quarter of 2022 set new highs for shipments in any single month and quarter, respectively.

All i care about is that i will make millions from palm oil

Just hold la. I expect this coming dividend at least 1.30 per share

Inflation at 8.5%

Investors are better off holding productive assets such as plantation land

TSH managed to sell undeveloped land at such a premium price. These plantation land is very very valuable given the scarcity and reforestation

But having said that, im confident UP will record a better profit this year compared to last year. A repeat of windfall dividend of RM1.15 is highly probable.

UP is counter cyclical. Up swing in commodity prices is not good for them. They are built to survive and thrive even in the down cycle.

It's been a while 3i. I don't have FV for PBB but happy to hold for the next 5-10 years.

https://www.theedgemarkets.com/article/cpo-stocks-output-continued-decline-february-2022-%E2%80%94-mpob

Production output drop again. If only the country manage to solve the labour issue much earlier, the golden opportunity to reap more bonanza for all plantation owners.

Picked up some at discount sales 1.29

I don't have Hap Seng Plant but owned Hap Seng Consolidated instead.

UP will thrive both good and bad times. when CPO normalises which is a question of when rather than not if, guess which plantation co will make the most profit? look at their yields and cost of production

As applications for BNM's five digital banking licences enter their final stage of approval ahead of the central bank's announcement on the successful applicants in March 2022, Chew said Paramount is now ready to share its digital bank strategy.

Responding to a question on whether Paramount is confident of securing a digital banking licence from BNM, Chew said he sees a more than 50% chance of the group securing one.

Results quite decent. ROE came in at 8%

FY2022 ROE target 8.5%-9%

85 sen dividend above my expectations! this year very ong heng huat!

Put it this way, you are getting annual yield of more than 6% while waiting for the market to re-rate this company. NTA is 10.9 but the actual value is worth 2-3 times more.

You can choose to check the share price every 3 years or so.

Just take a look as recent as dec'19 to early jan'20 before the covid outbreak, JTiasa recorded a quarterly profit of RM16mil after 3 consecutive quarterly losses and that itself was sufficient to propel the stock to above RM1.

In comparison, JTiasa has recorded 3 consecutive quarterly profit growth from RM19mil to RM51mil while anticipated to have at least another quarter profit growth given the elevated CPO.

The worst is over indeed. The BOD is optimistic another excellent financial performance in FY2022.

RM51mil record quarterly profit

At the very least, UP deserves 20x PE

Rising tide lift all boats. even the "value trap" can move

Don't miss Oriental too

Rising tide lift all boats

CPO almost hitting 6k. Very good start to CNY

Good start to CNY!

HLIB TP 1.98

- Positive spillover from US and Canada “lumber war"
- Sustainable high plywood prices throughout 2022
- Robust RV outlook

Expecting bumper dividends

Tomorrow will announce Q4 results

good start to the chinese new year!

What's happening to Meta? Let's break it down.

- Growth slowing/stagnant (daily active people at 2.8bil hardly grew q-o-q + daily active users down by 1mil. hardly surprising since myself didn't log in FB for months)

- Advertising revenue Q1 guidance of just 27-29bil (lower than 30.15bil expectations)

- Metaverse losses about 10bil in 2021 (potentially a long gestation period of 10 years + uncertain if it ever works out)

- Impact of iOS privacy changes - a 10bil loss in revenue in 2022

P/S: if you seek exposure to metaverse, Roblox is a much better bet.

Anticipating the potential impact in the event of a Ukraine conflict:

1) Oil prices could shoot up to above US$100/bbl barrel even to as high as US$125
2) Key commodities will be hit. One of those is fertilizers. Globally, 23% of ammonia, 17% of potash, 14% of urea and 10% of phosphates are shipped from Russia
3) Flight to safety. Expect risk assets to be sold off and funds inflow to drive up bond prices

Plastic capitalism

wow Sime 2.18

Expecting juicy final dividends, at least 70sen to bring full year dividend to RM1.00 (7.2% yield at current price).

Roblox is interesting! Looking to add into my portfolio since the valuations have become more palatable.

I remember back in 2015-16 heydays, FLBHD able to ride the US RV boom (about 70% of their plywood is catered to the RV industry) coupled with the strong USD.

Perhaps, the stars have re-aligned again as the 1) US economy is recovering very strongly plus the cash reserves/savings from easy monetary policies hence bodes well for the demand for RV, 2) USD likely to strengthen further due to monetary policy tightening, 3) high Lumber prices (take a look at the 10 yr chart, its shooting towards the moon)