Don’t forget It went up about 49sen yesterday. I am in fact very happy that it only pullback a little. We have to be realistic that CPO price and share price will not just go higher every day . In any stock market rally, there are always many intermittent corrections along the way . The plantation rally is very well intact .
Abba84 there are few possibilities but it is likely that Palm oil price will increase further. This is why - When the tention escalate there will be some disruption to crude oil supply causing crude oil to increase in price bcoz Russia is a major crude oil suppler . It is a known fact that crude oil and CPO price runs in parallel maybe bcoz palm oil could also be used in producing biodesel
CNA news on Russia -Ukraine conflict: Any interruption to the flow of grain out of the Black Sea region is likely to have a major impact on prices and further fuel food inflation at a time when affordability is a major concern across the globe following the economic damage caused by the COVID-19 pandemic.
Four major exporters - Ukraine, Russia, Kazakhstan and Romania - ship grain from ports in the Black Sea which could face disruptions from any military action or sanctions.
Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.
Rupanya we have Western/American story buyers here
If I take a table and put at right in front of your home and every night drink beer there and have a few hamsap looking drunk men staring at your beautiful wife, how will u react?
NATO is irrelevant after the USSR is gone. And now they wanna expand eastward??? Putin is 100% right to assert Russia's rights
To Jpm pro chartist price 468 is travelling at fourth gear. Is there a fifth gear to move up? As for swk plantation is still at first gear... Which one u prefer....?
In times of inflation, or rather hyperinflation (caused by money printing of many countries without equivalent increases in real goods output), resources that are limited will be repriced simply because more money is chasing for the same limited resources. Unless production is increased, prices will simply go up. One resource (and value) in plantation companies that is often overlooked is the value of the land on their balance sheet. I'm not too sure of the actual numbers, but from SOP website, SOP has 122,000 hectares of which 88,000 hectares is planted with palm oil. To put things into perspective, the total land area of Singapore is slightly more than 72,000 hectares. With Sarawak charting a more aggressive infrastructure drive, thus opening up more remote areas to development (thus raising land prices in remote areas), AND the impending shift of Indonesia's capital to Kalimantan and the shifting of a population the size of Singapore to there, what would the increase in land prices be in the coming years? Hopefully some learned analyst can provide some perspective on this and how the values will be unlocked into the P&L and Balance Sheet of companies like TAANN, SOP, TSH etc... My 2 cents
currently land revaluation is not the driving force behind plantation stocks price surge.it is abit far fetch for now. it is the corporate earning that matter most for now. The record high cpo price---6000 /tonnes, would contribute to large profit earning for plantations with well planted ,matured trees ,well fertilized ,on large hectarage,
@Unfair and Casanwk, Taann or Swkplant ?/ We can't judge from share price per se. Taann estimated EPS 2021 is 75sen. Based on last traded price of $4.68, PE is 6.24x Swkplt estimated EPS 2021 is 51sen. Based on last traded price of $2.98, PE is 5.84X Technically, Swkplt is deemed slightly "cheaper". But, that's not all how we value the stocks. Dividend yield of Taann seem higher and Taann is more than double in FFB production. Theredore, Taann should command fair amount of share price premium. Both are still very undervalued even with some price run up last 2 weeks. I think the long term fair value for both should be 15- 20 times PE which has been the case in the past 10 years. At 15x PE , Taann fetches $11.25 and Swkplt fetches $7.65 Just my view for sharing
Looks like people are switching from Taan to Swak plant but today I am doing the opposite I sold SPlant and bought back some Taan. Historically Taan has been paying better dividend hehe
Very well managed Company. Record profits and dividend expected for FY 2021. At current price, it is selling at single digit PE. Still has a long way to climb up the ladder, cheers.
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Posted by Abba84 > 2022-02-18 19:27 | Report Abuse
Dropped 9cts.scarry?