@titan3322, If i am not wrong, PublicInvest issue TP $4.41 in Nov 2021 and it is based on assumption the FY2022 CPO price is $3,300. CPO spot price for Jan 22 is averaging $5,354. FCPO average Feb to Dec 22 is averaging $5,189 as at 7/2/2022. Do you see the difference ? Moreover, the IBs see ESG as seeing ghost. No matter how ESG politics is play, plantations are laughing to the bank and that is what matters.
Johnzhang as much as I would hope the TP of 7.50 could be reached even it take 2 yrs coz I also have a sizeable amount but the reality is it will probably won't I just added some yesterday thinking this time is for real but only to eat humble pie again today
@pinky, Logically it should surpass your $5.07 sold in April 2016 when the Malaysian stock market sentiment improve. Here is why : In FY2016, CPO price start from about $2,180 in Jan and gradually increased to about $3,240 in Dec . In FY2016 Taann's EPS was 28.24 sen and paid 10 sen total dividend.
In 2021/2022, CPO reached over %5,000. Estimated EPS is 75 sens for FY2021 and higher for FY2022. . 40 sen interim dividend paid FY2021 and expecting final dividend.
Just give you some hints there were more than 200K units changed hand at 3.72 yesterday. If the stocks bought do not belong to the same syndicate there is a very high chance that the persons who bought it will take profit anything more than 3.83 imagine the amount earned in just one day but if the purchase is done by own people that may be a different story. I tot I was trapped when I went in at 3.76 3 78 luckily today it bounced back to 3 86 hehe
Uplant earnings nothing to shout about People assign very high price for Uplant above Rm14.00 all because Uplant able to give consistently high dividends in good or bad times
So if Taann after years of paring down debts can start giving high and consistent dividends like Uplant then Taann should rise to at least 1/2 the price of Uplant at Rm7.00
My target price for Taann at only Rm6.00 by December 2022 is actually quite conservative
I think the small and midsize well managed plantations companies offers much better capital appreciation than the heavy /big guys. The only big plantations counter I own is Simeplant which I see was too unreasonably cheap . I am in MHC, Cepat , SOP, SWkpltn, TaAnn. Bplant and THplant.
JAKARTA (Feb 9): Indonesia, the world's top palm oil maker, had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday (Feb 9) showed.
The new rules takes effect on Feb 15, according to the regulation signed on Tuesday, and apply to products such as margarine and kernel oils. The permit requirement was previously only set for exports of crude palm oil (CPO), olein, used cooking oil and residue.
Indonesia moved to restrict exports of palm oil to try to cool down soaring prices of cooking oil at home, which had sent global prices on a rally.
Late in January, it imposed a so-called Domestic Market Obligation (DMO), where exporters must sell 20% of their planned exports at home and with a price cap to ensure lower retail prices.
Under the new regulation, to secure export approvals for all palm products, companies must show proof of their domestic sales of CPO and/or refined, bleached and deodorised palm olein in accordance with the DMO requirements.
KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.
Palm oil trader David Ng said the news would lift sentiment and push demand for Malaysian CPO.
At the close, the CPO futures contract for February soared RM199 to RM5,765 a tonne, March 2022 increased RM168 to RM5,704 a tonne, April 2022 gained RM145 to RM5,594 a tonne,
The physical CPO price for February rose RM100 to RM5,820 a tonne.
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Posted by ahbah > 2022-02-08 09:42 | Report Abuse
A low hanging fruit, all can reach out to it.