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.
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
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
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
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).
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Diamond7
2,210 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