ongkkh san, Yes, I bought some. This is a very good and stable company. It has one of the highest and most stable profit margin around 25%, even when commodity price was at all time low. Management was prudent, company-centric and employee-centric. Everything is perfect but there is not visible growth
Panamy has the same good points and most importantly, management is aggressive. You can see their vision and possible earning growth in the near future. I found that Batu Kawan and CBIP have the similar traits (笑)
Thanks Amateurr san.....you hold United Plantation for quite long? I like Batu Kawan and CBIP too. However KLK management is not up to my expectation. I have business dealing with them.
If exclude all the non operating items ...such as forex and derivative Actually the core profit is improving for Q3FY2017 ...with profit up 16% QoQ and up 5% YoY
From note 15 Prospects and outlook From the quarter report ...management seem to hint that coming quarters will be difficult by -bad Msia economy affect demand -economic and political uncertainty in Middle East affect export sales -tight labor market -rising oil prices -volatile forex
Last sentence ..... Continuous effort are made to reduce overall costs production and to REMAIN PROFITABLE for FY2017...means profit will not better /grow high but just profit only (not loss)
Amateurr San. ........ I not yet buy Panamy but plan to buy if drop below 30 What you think of Panamy Can it go higher the price ????? Recent quarter result not so good ....management also hint that
RainT sama maybe you should ask someone else, because I bought a lot and is still buying
i think the result was OK and acceptable although not as good as FY2016 (compared to FY15, the results was good) excluding forex and derivative losses, the company is growing. so if the management could better control the costs, you MAY see better than expected results in the coming quarters (need some confidence in the management team)
3Q earnings already at 100m. it should be safe to assume this year could gain EPS 200 - 233 cents (4Q earnings 20m (very pessimistic assumption) - 40m)
in FY2015, it earned 100M, EPS 167 cents, at that time trading around MYR 25, PE ~15. So, the fair value should be something between MYR 30 - 35
BUT there should be more upside given the possibility of cost control, stability in the middle east due to higher oil price, and the coming dividend.
dividend could be higher than FY2015 and FY2016. payout for the last two years was almost the same because 60m was used for expansion in FY2016
if below 30, it could entered a bigger correction, so not a good point to buy i think. I am long time bullish on panamy. So, if price below 30, i'll wait further to maybe 28. On the other hand, if price stabilized above 30.50, i will continue adding more shares. I still think it's cheap currently. My own fair value is PE 18x.
Well said buddy. I still keeping Panamy since 2008, top up once in year 2012. As long as receiving Good dividen each year & enjoying to see share price appreciate .........ctr Panamy is one of my super star***
Mcc8 You buy since 2008 then sure good la You already profit in hand already If drop also not feel much as your paper profit is high But those who want buy now need think carefully .....is it you confident the share price will go higher ? If sure only buy
based on panamy as a high quality consumer stock. Average PE for this category is about 18x, where those "superstars" goes beyond, ie. Nestle, even though their growth potential may not be as high.
I think, the concept of "depending on when someone bought the share" is fundamentally wrong. In value investing, everyday is a judgement day. For today, if one thinks the stock is overvalued, he or she should begin the selling plan, although no need to rush for that since earning growth may be on its way, which ends up lowering PE. The same concept goes for buying a stock, no matter when he or she bought it and how much paper profit he or she had on that stock.
@RainT, well, I have to admit my statement was made tongue in cheek. Actually, I did a little research on the company and I do like that they are cash rich and highly profitable. The youtube videos are just provide affirmation for me to buy :P
Woww!! Think u have eaten most of the shares sold by market. Last nite announcement, Aberdeen become net buyer trigger me to top up again this morning. 32.04, 32.08, 32.30, 32.48, 32.50 were my purchase price this morning
You inbested in Panamy you won't regret.......although you think it is high but eventually over long run you will made huge profits from share appreciation and it dividend.
I bought 5 years back at 11.80 and another batch when it was at the highest 26.00 then............and today it is 33.xx although last year it was at the highest 39.xx.
Never intend to sell it because the dividend collected until now already made my 1st purchase virtually free.
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Posted by ongkkh > 2017-02-08 21:36 | Report Abuse
amateurrr san, you have united plantation as well? Can you tell more about this counter?