4Q17 PALM OIL REVENUE FFB =263651 TONS CPO =45577 TONS PK = 8952 TONS AVERAGE CPO PRICE FOR 4Q17 = RM2743 AVERAGE PK PRICE = RM2650 AVERAGE FFB PRICE = RM520 FFB SOLD TO OTHER MILLS NOT OWNED = 12037 TONS. REVENUE=45577*2743+8952*2650+12037*520 =RM155 MILLIONS. COST ESTIMATED = RM105 MILLIONS. PROFIT BEFORE TAX = RM50 MILLIONS. ASSUMED TIMBER SECTOR = BREAK EVEN PROFIT AFTER TAX = RM38 MILLIONS. PROFIT FOR 1,2&3Q17 = RM 72 MILLIONS TOTAL PROFIT FOR 2017 = RM 110 MILLIONS OR PE OF 10.
ALSO WORKED OUT THE MONTHLY OUTPUT FIGURES AS REPORTED FOR THE LAST 6 MONTHS. AGREED THAT THE OIL PALM PRODUCTIONS FOR THE QUARTER FROM APRIL TO JUNE WERE MUCH HIGHER THAN THE PRECEDING QUARTER. HENCE THE COMING 4Q PROFITS WILL BE GOOD. THE FULL YEAR'S PROFITS WILL THEREFORE BE STRONG
Similar to Taan, their future is all about plantation. For Jtiasa, plantation will overtake timber as bigger segment contribution to the group. Figure from plantation will be stronger and stronger, we shall see whether this is enough to offset weakness in timber.
CORE BUSINESS N REVENUES ARE FROM ITS OIL PALM PLANTATIONS. ALREADY REGISTERING HIGHER REVENUES N PROFITS IN ITS LAST QUARTER. ITS NEXT QUARTER WILL BE EVEN BETTER BASED ON THE REPORTED HIGHER MONTHLY HARVESTS N PRODUCTION FIGURES
ITS REVENUES FROM ITS TIMBER IS AN ADDITIONAL BONUS .
GREAT BUYING OPPORTUNITY WITH ITS CURRENT SHARE PRICE NEAR ITS 52 WEEK LOW. RECENT MONTH'S HIGHS WAS 1.26-1.32
I MADE THE RIGHT CALL FOR SIMILIAR GREAT BUYING OPPORTUNITY WHEN NOTION DROPPED TO 1.12 TWO WEEKS AGO. NOW NOTION HAS BEEN TRADING AT 1.30 FOR THE PAST WEEK.
JTIASA NOW AT 52 WEEK LOW. AND ITS NEXT Q RESULTS NEXT MONTH WILL BE GREAT
ANNOUNCED 3Q RESULTS WERE GOOD COMING 4Q RESULTS (BASED ON ANNOUNCED MONTHLY REPORTS FOR THESE 3 MONTHS ) WERE BETTER.
DERIVES MOST OF ITS REVENUES AND PROFITS FROM ITS CORE OIL PALM PRODUCTS. ADDITIONAL REVENUES FROM ITS TIMBER ASSETS ARE SATISFACTORY FOR ITS 3Q. TIMBER BASED REVENUE FOR THE COMING 4Q REMAINS INTACT AS THE HIGHER TIMBER TAX IS W.E.F. FROM 1/7/17 (AFTER ITS 4Q FROM APRIL TO JUNE 2017)
HENCE TIMBER TAX NOT AN ISSUE FOR ITS COMING 4Q RESULTS. EVEN FOR THE NEXT FINANCIAL YEAR ENDING JUNE 2018, THE IMPACT OF HIGHER TAX COST WILL BE QUITE MINIMAL BCOS TIMBER IS NON CORE AND ONLY CONSTITUTE A SMALL % OF ITS TOTAL REVENUES
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....
Hwai Hooi
2,249 posts
Posted by Hwai Hooi > 2017-07-04 16:29 | Report Abuse
lelong...most lowest price now..