Let us do a non scientific / non expert /non professional calculation of the PE. Let us assume future earning is about the same ( normally for planter - 3 qtr is a good qtr) and previous quarter loss is one off incident, then EPS for whole year is about 0.85 cent X4=3.4 cent. At RM1 , the PE is about 29 time. Like many counter - share prices do not reflect performances. May be the company is investing in the future , may be , may be .......
It is an interesting time. So time to buy ? time to sell ? Hold ? ?????
By RHB: TDM may climb after its firm close yesterday. A trader may opt to purchase the shares if the stock stays above MYR1.00, with a close below MYR0.98 as the stop-loss. The price target is MYR1.20, if the MYR1.10 resistance is broken. A failure to stay above MYR1.00, however, could see the stock trade lower, and the downside risk will increase if the stop-loss is triggered.
RHB think the EPS will go back to 6 sen thus the FUTURE PE is about 16-17 time. Do you buy the forecast figures with CPO price expected to go up slightly ? The future forecast is getting very interesting not only this but also for other planters ... See http://klse.i3investor.com/blogs/rhb/42320.jsp for details.
heavyth asked what do I think the CPO prices will be ? I don't know. I ain't Nate Silver. But let say the base for comparison is 2500 ( a pull from the air first half year CPO price) , so when CPO goes up to say 3000 ( that is about 20% increase), what will the impact on the bottom line for TDM ? Will it double after the government's windfall tax ? If one think it will double then the EPS will jump to 6 or 7 cents. If one think bottom line should only jump 30% then the EPS will only jump to 4 or 5 cent. How much is the impact will depend on what the management do such as expenses and efficiency. But if one is a trader then all these info is irrelevant. Interesting time indeed, with equity shoot up the roof for both US DJ and here.
for me, i only look at the profit of the company. TDM's 9 Months 2013 eps=1.44sen. if Q42013 can get eps 1 sen, total=2.44sen, pe ratio=33 at 80sen. TDM yearly output for 2011 was ffb=625,764 cpo=113,915 pk=29,230 for 2012 was ffb=558,583 cpo=112,251 pk=29,514 for 2013 9 months ffb=339,190 cpo=69,577 pk=17,772. Q32013 output ffb=137,136 cpo=28,302 pk=6,927, if Q42013 output same as Q32013 output, then total for 2013 ffb=476,326 cpo=97,879 pk=24,699. the output keep decreasing year by year.
YA BETUL, kita kena ikut time menuai, time membajak, semua tu... baru kita pandai about plantation...baru kita tahu bila harga up and down...kah kah kah
I bought this stock at 78c and sold 1.02. I definitely will be eyeing to buy again as this is a good counter. Was wondering if the flood affecting this Q, will be able to get some at bargain later. Just my thought. Will monitor and see how it go.
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Posted by omega88 > 2013-11-28 17:05 | Report Abuse
Quarterly report out tmr ?