SHChan is a Bursa Malaysia plantation company. But when you look at the profit contribution over the past 5 years, the majority came from non-palm oil activies such as from the energy and facilities management segment. From a fundamental perspective, over the past decade, half the time it lost money. At when it was profitable (excluding 2021 with a one-off recognition of negative goodwill) its ROE was less than 6%. It is ironic when you have non palm oil companies such as MKH and KFIMA diversifying into plantations while SHChan seemed to be growing its non-palm oil segment. When benchmarking performance, comparing it with the Bursa plantation sector may not make sense. I guess until it articulate a clear business direction, there are better plantation companies to look at. https://www.youtube.com/watch?v=m31TkvDgthc
I wonder why a West Malaysia (Malaya) company owns such a huge land in Sarawak and share price has been stagnant for years....SHC seems does not have any land besides Sarawak.
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....
ahjian26
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Posted by ahjian26 > 2023-11-16 14:44 | Report Abuse
If today can close at 0.42...tomorrow will be uptrend again...congraz for other who buy early.