Cant compare SOP with United Plantation. It is TWO VAST different, if you know UP's operations, philosophy, etc.... It is like telling us that proton can become Mercedes one day!!!
Ya Calvin this half past six analysis neglects to mention the vast difference in the PRODUCTIVITY OF SOP AND UTDPLTS ESTATES. SOP yield per hectare was only 16.58 in its FY2020 whereas UTDPlT was a vastly superior 26.65 indicating much better estate management.
This indicator in itself will explain such a huge discount to SOPs price to book value. If a company is not leveraging its assets well, why pay any premium to it?
Out of the 42 plantation counters, must check a) EPS negative one - no buy b) Low trading volume one - no buy c) Cannot afford one ( > RM10) - no buy After filtering, should be left with 19 counters only.
SOP still making 20.8% profit & price expected to go up again!!
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Posted by calvintaneng > 2021-10-06 16:48 | Report Abuse
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