Posted by enning22 > 2020-11-22 17:29 | Report Abuse

CBOT大豆继续上涨，出口需求旺盛 2020-11-21   周五，芝加哥期货交易所（CBOT）大豆期货市场收盘上涨，创下四年来的新高，因为出口需求旺盛，南美天气担忧。 截至收盘，大豆期货上涨2.25美分到6.50美分不等，其中1月期约收高3.50美分，报收1181美分/蒲式耳；3月期约收高5.75美分，报收1181.25美分/蒲式耳；5月期约收高6.50美分，报收1179.50美分/蒲式耳。 成交最活跃的1月期约交易区间在1176.75美分到1196.75美分。 大豆市场连续第六个交易日上涨，创下四年来的最高水平，因为南美大豆产区天气持续干燥，美国供应下滑令人担忧。 不过多头获利平仓抛售，使得豆价从高点回落。从周线图上来看，大豆市场连续第三周收涨。 荷兰合作银行的分析师称，今年市场很担忧供应。巴西大豆作物已经进入对降水高需求的时期，而美国所剩余的大豆出口供应也不多。 虽然过去一周巴西和阿根廷部分地区出现了急需的降雨，但是许多大豆产区依然干燥，这些地区需要更多的降雨来结束干旱。 阿根廷布宜诺斯艾利斯谷物交易所称，过去一周阿根廷大豆播种步伐快速推进，因为干旱的地区出现了降雨。不过全国大部分地区依然干燥。 一位分析师称，南美气象预报显示阿根廷大部分地区依然干燥，温度高于正常，这非常令人担忧。 南美天气干燥，使得最终用户集中精力采购美国大豆，不过美国大豆供应同样趋紧，市场正在调配需求。

Posted by Plantermen > 2020-11-23 09:45 | Report Abuse

SBO price premium above CPO betw USD 175 - 180 per tonne. Countries like lndia, Pakistan, China and other consumer looking at CPO as the cheaper alternatives

Posted by ching9 > 2020-11-23 21:41 | Report Abuse

qr ended Sep2020 targeted min PAT RM53m++

Posted by selesa2020 > 2020-11-24 19:45 | Report Abuse

RM53mil*2

Posted by LuckyG > 2020-11-24 22:12 | Report Abuse

should be around 72mil ..... my guess

Posted by Anonymous9898 > 2020-11-25 16:30 | Report Abuse

it seems like not much people know about this good company

Posted by Gabriel Khoo > 2020-11-25 17:14 | Report Abuse

Not liquid...if share bonus. Sure attract investors

Posted by LuckyG > 2020-11-26 08:34 | Report Abuse

free warrant also good enough :))

Posted by ChrisMz > 2020-11-26 17:19 | Report Abuse

This is a very good company.. excellent in manage estates and its refinery is doing quite well too..
The only thing is that the dividend yield not so attractive

Posted by gemfinder > 2020-11-26 17:21 | Report Abuse

WOW SUPERB RESULT

Posted by Dakewlest > 2020-11-26 17:31 | Report Abuse

Stock ini boleh simpan lama.

Posted by johoran > 2020-11-26 17:32 | Report Abuse

Q3
Profit 70m
EPS 12.93

Posted by Anonymous9898 > 2020-11-26 19:53 | Report Abuse

if people notice this gem, the price will not be like this only

Posted by LuckyG > 2020-11-26 21:11 | Report Abuse

Depend on fund and operator when they want to goreng. For sure come, when only. Till now I only buy never sell 1 sop shares

Posted by chshzhd > 2020-11-27 01:24 | Report Abuse

good

Posted by Dakewlest > 2020-11-27 01:29 | Report Abuse

LuckyG, at what price u bought this share?

Posted by 8888_ > 2020-11-27 08:02 | Report Abuse

QR good but why no extra dividend like Sarawak Plantation?

Posted by Gabriel Khoo > 2020-11-27 08:08 | Report Abuse

this is a growth fully integrated plantation company cash reserve for capex. whereas sarawak plantation is a pure upstream small plantation company

Posted by Gabriel Khoo > 2020-11-27 09:09 | Report Abuse

FY20E: Poised to deliver one of its highest PATMI in history

The above expected 3Q20 core PATMI was driven by high CPO ASP, decent downstream contribution, and lower-than-expected unit cost. While 4Q20 PATMI are likely to be lower QoQ on weaker output, and higher cost and taxes, SOP will nonetheless end the year posting one of the highest PATMI in its history. Following our EPS upgrades, we raise our TP to MYR5.36 on 15x 2021 PER peg, its updated historical 5Y mean. Trading at just 11x FY21 PER and adj. EV/ planted ha of MYR23,000, SOP remains a BUY.

Posted by Gabriel Khoo > 2020-11-27 09:54 | Report Abuse

Our call. Maintain TP of RM4.30 (based on P/BV of 1.0x and SOP’s FY21
BV/share) with revised earnings forecast for FY20/FY21 to RM222m and
RM292m respectively from RM154m and RM193m previously, as we
adjusted lower our costs of sales and tweaked our FFB processed and
CPO production number lower with higher ASP of palm product
anticipated. SOP’s share price has risen by 104% since its lowest in
March and we now see the stock reaching closer to our valuation with
an upside of 8.6% from current price. Hence, we changed our
recommendation from BUY to HOLD. Accumulate on weakness.

Posted by Gabriel Khoo > 2020-11-27 09:55 | Report Abuse

BIMB's very contradict with their earnings upgrade.

Posted by Anonymous9898 > 2020-11-27 10:00 | Report Abuse

So sad... Good profit also no use. Fcpo keeps dropping. Many people just buy according to fcpo

Posted by enning22 > 2020-11-27 10:01 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3108372

Posted by Anonymous9898 > 2020-11-27 10:53 | Report Abuse

back to 3.96....

Posted by bclassinvest > 2020-11-27 11:24 | Report Abuse

Hi Gabriel, can I know the source of this research?

FY20E: Poised to deliver one of its highest PATMI in history

The above expected 3Q20 core PATMI was driven by high CPO ASP, decent downstream contribution, and lower-than-expected unit cost. While 4Q20 PATMI are likely to be lower QoQ on weaker output, and higher cost and taxes, SOP will nonetheless end the year posting one of the highest PATMI in its history. Following our EPS upgrades, we raise our TP to MYR5.36 on 15x 2021 PER peg, its updated historical 5Y mean. Trading at just 11x FY21 PER and adj. EV/ planted ha of MYR23,000, SOP remains a BUY.

Posted by Gabriel Khoo > 2020-11-27 11:27 | Report Abuse

MIB

Posted by gemfinder > 2020-11-27 13:16 | Report Abuse

Y so dificult to go up?

Posted by Plantermen > 2020-11-27 13:30 | Report Abuse

Past few days CPO under pressure

Posted by TigerWoods > 2020-11-27 16:53 | Report Abuse

Untung 76m but no dividend.. why so kedekut??

Posted by LuckyG > 2020-11-27 16:54 | Report Abuse

later maybe something special mah . hope i am right

Posted by Anonymous9898 > 2020-11-27 18:03 | Report Abuse

today fcpo rebound....hopefully monday got show

Posted by Plantermen > 2020-11-27 18:33 | Report Abuse

India cuts its CPO import duty by 10% to 27.5% effective from today {27.11}this will increase the palm uptake by app 100,000 tonnes per month. SBO premium over CPO is between USD 230 - 240 per tonne

Posted by johoran > 2020-11-27 18:54 | Report Abuse

hopefully bonus issue

Posted by Dakewlest > 2020-11-27 19:18 | Report Abuse

Imagine Bonus issue and special dividend...

Posted by LuckyG > 2020-11-27 20:45 | Report Abuse

bonus plus warrant is the best.

Posted by skyea > 2020-11-27 21:10 | Report Abuse

india horeca havent recover yet only. next year when horeca back online, palm will go from farm straight into transport vessels...

Posted by Gabriel Khoo > 2020-11-27 23:22 | Report Abuse

https://www.feednavigator.com/Article/2020/11/24/La-Nina-and-global-stockpiling-could-cause-agri-commodity-prices-to-increase-in-2021

Posted by Jonathan Keung > 2020-11-28 09:14 | Report Abuse

Rabobank projected hot agri commodities price trending next year

Posted by bluered > 2020-11-28 09:21 | Report Abuse

by next year or next-next year should be the highest price for SOP.

Posted by Gabriel Khoo > 2020-11-28 14:07 | Report Abuse

300 x 16 PE = TP8.4

Posted by skyea > 2020-11-28 19:27 | Report Abuse

gabriel, i dun understand the equation. apa tu?

Posted by johoran > 2020-11-28 19:59 | Report Abuse

Eps
Q 1=12.47
Q2=6.72
Q3=12.93
Q4= if 100m eps 15
Total=47 sen
47x16=RM 7.50

Posted by johoran > 2020-11-28 20:06 | Report Abuse

If every Q can 70m 2021,
Eps 12.93x4=51.74x16 pe=8.27

Posted by johoran > 2020-11-28 20:08 | Report Abuse

300m= eps=52.5senx 16= Rm 8.40

Posted by Anonymous9898 > 2020-11-29 09:08 | Report Abuse

the main problem is whether the fcpo can sustain at 3000 for the whole 2021 and the production level as well

Posted by Gabriel Khoo > 2020-11-29 17:55 | Report Abuse

No need 3000....stay above 2800 SOP can still hit 300M. 2800 to 3000 for 2021 possible

Posted by Gabriel Khoo > 2020-11-29 18:44 | Report Abuse

https://www.foodnavigator-asia.com/Article/2020/11/24/Palm-oil-in-China-Consumption-growth-expected-in-food-sector-as-government-moves-to-phase-out-GM-soybean-oil

Posted by Gabriel Khoo > 2020-11-29 18:44 | Report Abuse

Palm-oil-in-China-Consumption-growth-expected-in-food-sector-as-government-moves-to-phase-out-GM-soybean-oil

Posted by awesome20 > 2020-11-29 19:16 | Report Abuse

swkplnt do not forget also

Posted by Gabriel Khoo > 2020-11-29 19:52 | Report Abuse

rich valuation for swkplant. IF PBB cover SOP based on the valuation given to SWKPLANT I think TP for SOP would have easily double