Taann's own FFB production in Q4 2021 was 203,744 mt (Q4 2020 171,521 mt), up a huge 19% y-o-y which is fantastic in view of labour shortage. Avg CPO price is 54% higher y-o-y ($5,154 vs $3,341) . Log production is also higher by 4% y-o-y .Therefore, Q4 2021 y-o-y earning growth shall be explosive.
CPO price for Jan 2022 is 43% higher y-o-y ($5,354 VS $3,748) and is expected to achieve well above $5,000 for Q1 2022 (Q1 2021 was $3,895). Therefore, we are quite sure of yet another explosive earning growth for Q1 2022 too.
Taann's share price at $3.80 is just too undervalued!
ahbah when I viewed the bursa derivatives at 12.30 yesterday noon most contracts were down some down by RM100 maybe in the late afternoon it has recovered there is no need for me to tell lie. I also hold a substantial amount of Taan in my portfolio but I don't go all out to promote like you do I will tell what I know afterall this is a forum where one can express his own opnion irrespective of whether they are positive or negative paham x
The day-to-day or month-to-month CPO price fluctuations is not important at all. Too stressful to trade based on day-to-day or very short term price movements. What matters most is what you think is the average CPO price over longer period like 6 months, 1 year and 2 years . You don’t have to worry any temporary share price correction if the plantations are going to make more profit based on your view of the average CPO price. Sell now if you think the company is going to make less money.
@Johnzhang I agree with your view but the futures price is a guide for traders and short term players but if the futures price continue to slide for 3 consecutive days it is an indication of the direction of the commodities as far as Taan is concerned it is safe for at least next 9 months
Below news report said “ The bull market has staying power” . Up to individual to evaluate if that makes sense .
LONDON (Feb 10): From morning lattes to dinnertime roasts, prices for major food staples are on the boil.
The Bloomberg Agriculture Spot Subindex, which tracks nine agricultural commodities, is nearing an all-time high. Prices across grains, oilseed and softs markets have rallied as supply shortfalls abound, a signal that food inflation already hitting consumers worldwide is unlikely to let up soon.
inputs from energy to packaging rose 10% in January versus last year. And unlike past volatile commodity cycles, farmers are unlikely to ramp up production significantly.
That echoes supply challenges rippling across crop markets. Stockpiles of arabica-coffee at exchange warehouses dwindled to a 22-year low this week, and a US Department of Agriculture report pared its estimate for world wheat and cotton reserves.
Dryness has also spanned key South America soybean-growing regions, as well as west African nations that produce the bulk of the world’s cocoa. And farmers are facing challenges from rocketing costs for fertilizer, pesticides and diesel.
“Prices are rising on strong demand and dwindling stocks with supply-chain challenges still an issue,” Judy Ganes, president of J. Ganes Consulting, said by message.
The gains across food markets threaten to hit import-reliant regions hardest. A milling association in Cameroon this week halted flour deliveries due to soaring costs for wheat.
Soybeans futures topped US$16 bushel in Chicago on Thursday for the first time since May. Cocoa in New York touched a one-year high. The BCOM index will update after trading closes.
“The bull market has staying power,” Rabobank analysts said in a note. “Worsening weather for La Nina-hit southern Brazil and Argentina is eroding global feed prospects and shifting demand to the US, where supplies and acreage expansion are limited.”
If can reach 5.00 within 3 months I sailang lioa can always switch to other plants which have not gone up that much. Actually among the plantations KLK has the best production record in FFB OIL KENNEL for Sept to Dec period. Sept 399515 tonnes and continue to rise to 452048 tonnes while Taan from 72610 to 61854 tonnes. Hope it can arrest the decline !
BJFood posted 3.4 folds growth of profit y-o-y for the Oct-Dec 2021 qtr and declared 1 sen interim dividend. As a result, it’s share price limits up this morning which is helped by the positive sentiment in Bursa lately .
Taann is expected to also post 20 folds jump of profit y-o-y for Oct-Dec 2021 qtr ( est 25 sen vs (4.8) sen), and expect to declare robust dividend. I wonder how the market is going to react when the QR released within this month ?
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....
Pinky
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Posted by Pinky > 2022-02-10 08:44 | Report Abuse
Today break 4.00?