CHIN TECK PLANTATIONS BHD

KLSE (MYR): CHINTEK (1929)

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Last Price

7.57

Today's Change

-0.01 (0.13%)

Day's Change

7.57 - 7.57

Trading Volume

200


2 people like this.

124 comment(s). Last comment by calvintaneng 1 month ago

Diamond7

2,328 posts

Posted by Diamond7 > 2022-07-02 15:39 | Report Abuse

Must have independent thinking...@DJThong

To be a successful investor,
Needs...
Patience...
Rome is not built in one day!
Courage...
Optimistism n wisdom

Good Luck

Diamond7

2,328 posts

Posted by Diamond7 > 2022-07-03 00:00 | Report Abuse

To be a successful investor
Buy when stocks are low n undervalued!

1. Cash rich assets company
2. High dividend yield
3. Buy if price is undervalue...
Dun chase chase to new high!

Ham5ter

13 posts

Posted by Ham5ter > 2022-07-29 10:00 | Report Abuse

good qr, declare dividend, no movement?

Michael Kwok

6,350 posts

Posted by Michael Kwok > 2022-08-30 22:43 | Report Abuse

Price 8.40-8.46.Downgrade chinteck below rm 6.along the way 6-15 % upward.
30/8/2022 10.42pm.

dasan784

123 posts

Posted by dasan784 > 2022-09-12 13:32 | Report Abuse

Where is all the people who were asking us to buy buy and saying a dividend of 47cents will be given BUT we got 29cents. I sent a email to CHINTEK asking is true that they plan to unlock land value near SENDAYAN. Already 6 days but no reply. Only now i realize that these crooks wanted to throw their shares bought cheaply and disposed to us at a high price. Karma will hit these crooks very very hard. No worries as we have God to protect us. Cheers.

Posted by NatsukoMishima > 2022-09-26 13:51 | Report Abuse

Glove 2.0 ! Later all farmer will sell at net loss cost when ASP drop to below rm 2500 per tonne at year end !

Pinky

3,435 posts

Posted by Pinky > 2023-01-30 20:32 | Report Abuse

Glove 2.0? Ya meh???

Pinky

3,435 posts

Posted by Pinky > 2023-01-31 09:04 | Report Abuse

Reduced profit, not gonna turn into a loss like glove 1.0

Dehcomic01

329 posts

Posted by Dehcomic01 > 2023-11-10 09:44 | Report Abuse

Chin Teck – an irrational market?
Over the past decade the market has not always been rational as can been seen from the comparison between the ROE and market price. You can see that in 2018 when the ROE was at its high, the market price continued with its downtrend.
The current ROE is lower than the 2022 peak. While the market price had declined, it has not reached the 2019 lows. https://i.postimg.cc/50NzFvx0/ChinTek.png
From a fundamental perspective, Chin Teck performance lies in between my 2 Bursa plantation references – BPlant and KLK. I would not rate its fundamentals as fantastic.
So, not so fantastic fundamentals and a harder to read market behaviour. Is this an investment opportunity?
For more insights of the Bursa plantation sector go to https://www.youtube.com/watch?v=9KhboTCMdEg

calvintaneng

56,242 posts

Posted by calvintaneng > 2023-11-29 04:28 | Report Abuse

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

Posted by Digerati > 2024-01-10 23:51 | Report Abuse

CHIN TECK PLANTATIONS BERHAD - 65th Annual General Meeting
Date : 30 Jan 2024
Time : 10.30am
Type : Virtual

Join meeting at : https://sinthye-online.d-agm.com/

Diamond7

2,328 posts

Posted by Diamond7 > 2024-02-11 10:18 | Report Abuse

Cold ...very cold counter!

Nothing exciting!
Low dividend
No bonus

Directors
Please give higher dividend n declare bonus issues

We are waiting!

Diamond7

2,328 posts

Posted by Diamond7 > 2024-04-09 19:01 | Report Abuse

KUALA LUMPUR (Mar 25): Given the steep discount to its underlying value, oil palm planter Chin Teck Plantations Bhd may stand to be privatised in the future, according to PublicInvest Research.

In a research note on Monday, PublicInvest Research said the group is currently trading at an undemanding valuation of only 2.6 times historical price-to-earnings (P/E) ratio multiple or discounted price-to-book (P/B) ratio of 0.79 times, based on its financial results for the financial year 2023 (FY23).

Furthermore, the plantation group was also noted to be sitting on a cash position of RM408 million with zero gearing. It also owns investment securities worth RM132 million.

"Assuming our current valuation of 11 times FY25 EPS (earnings per share) for the upstream plantation business plus the liquid assets (cash + investment securities for bond and equity instruments) totalling RM540 million, the fair value of the company could be worth more than RM900 million or RM9.84 per share," it said.

"Given steep discount to its underlying value, we do not rule out the possibility of privatisation in the future," the research house added

Posted by anonymouse66 > 2024-04-26 12:02 | Report Abuse

QR is good

Diamond7

2,328 posts

Posted by Diamond7 > 2024-04-28 07:27 | Report Abuse

KUALA LUMPUR (April 25): Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.

Net profit leapt by 612.2% to RM20.8 million from RM2.92 million a year earlier. Quarterly revenue increased by 11.1% year-on-year (y-o-y) to RM51.26 million from RM46.14 million, thanks to increased sales volume of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernels (PK).

Diamond7

2,328 posts

Posted by Diamond7 > 2024-04-28 19:49 | Report Abuse

Chin Teck Plantations - Bolstered by Lower CPO Production Cost
Date: 2024-04-26
Firm: PUBLIC BANK
Stock: CHINTEK
Price Target: 8.38
Price Call: HOLD
Last Price: 7.67
Upside/Downside:
+0.71 (9.26%)

Stripping out i) foreign exchange gain (RM2.9m) and ii) net fair value gain on investment securities (RM3m), Chin Teck Plantations posted 1HFY24 core earnings of RM36.3m, up 12.7% YoY. The better results were in line with our and the street full-year expectations, making up 46% and 56%, respectively. In view of the stronger-than-expected results, we raise our FY24-26F earnings projection by 7-8% to account for improved OER and lower production cost. Maintain Neutral with a higher TP of RM8.38. No dividend was declared for the quarter.

Posted by anonymouse66 > 2024-05-02 18:21 | Report Abuse

too bad no dividend or can see 8.00

Diamond7

2,328 posts

Posted by Diamond7 > 2 months ago | Report Abuse

KUALA LUMPUR: Chin Teck Plantations Bhd is projected to achieve commendable results for its financial year 2024 (FY24), due to the stronger-than-anticipated fresh fruit bunches (FFB) growth in the first nine months and stable crude palm oil (CPO) prices.

Public Investment Bank Bhd (PublicInvest) said the FFB production rose by 19.9 per cent year-on-year (YoY) to 177,967 metric tons in the first nine months, surpassing its projection of 5 per cent.

"In the third quarter (3Q), FFB production surged by 59.8 per cent YoY to 60,693 metric tons, while the average CPO price increased from RM4,044 per metric ton to RM4,128 per metric ton.

"Given the improved FFB production and CPO prices, we anticipate stronger earnings for the third quarter of the of the financial year 2024 (3QFY24) (March 2024–May 2024), with results expected to be released by the end of July," it said.

Additionally, the bank-backed research firm noted that, with a substantial cash reserve of over RM400 million, Chin Teck is well-positioned to explore merger and acquisition (M&A) opportunities to expand its landbank in its current plantation areas.

On the potential privatisation of the company, PublicInvest said it cannot be ruled out given the significant discount to its underlying value, as the company's price-to-earnings P/E ratio stands at only 2x after accounting for its cash holdings of RM409 million and investment securities of RM140 million.

"In our March 25, 2024 report, we highlighted the potential for privatisation due to the significant discount to the company's underlying value, with the fair value estimated at over RM900 million, or RM9.84 per share.

"At the current share price, the Goh family would need approximately RM150–200 million to privatise the group, which holds a cash reserve of RM409 million," it said.

PublicInvest has maintained a 'neutral' rating for Chin Teck with an unchanged target price of RM8.38.

Diamond7

2,328 posts

Posted by Diamond7 > 1 month ago | Report Abuse

Vow

Chintek NTA up
10.05

28 cents dividend
Hooray!

ameeya13

14 posts

Posted by ameeya13 > 1 month ago | Report Abuse

Big dividend!

calvintaneng

56,242 posts

Posted by calvintaneng > 1 month ago | Report Abuse

RESULTS OF UNITED PLANT, CHINTECK PLANTATION & SARAWAK OIL PALM TELL US THAT WE SHOULD UPGRADE PALM OIL TO OVERWEIGHT, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-31-story-h-155263555-RESULTS_OF_UNITED_PLANT_CHINTECK_PLANTATION_TELL_US_THAT_WE_SHOULD_UPGR

calvintaneng

56,242 posts

Posted by calvintaneng > 1 month ago | Report Abuse

TSH VERY SAFE

TRUMP IN POWER: TECH IN TROUBLE (A Prudent Person Foresees Danger & Hide himself, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-31-story-h-155265511-TRUMP_IN_POWER_TECH_IN_TROUBLE_A_Prudent_Person_Foresees_Danger_Hide_hi

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