cpo price up neary 40 ringgit today,to 2770 basis January 18, as there was talk that general production in Malaysia will be in decline as from end of October,then cpo price will climb even higher for last quarter of 2017, hopefully will reach 3000 rm psychology benchmark.
No one yet to promote this counter, many people has not found out the value .... but with the price slowly move up now, sure will catch ppl eye :D ... mid-long term can break 6.00 ?
It is a matter of perception. Likely there is no impetus for palm oil stock to rally. Daily movement in CPO prices doesn't have a big effect. IOI is range bound. Lotte move up because of speculation after a big fall. The news that hurricane in US may force a shortfall in supplies probably move the share up. But, are they are buying from Lotte or Pchem? We do not know unless u are an insider. New plants in China have already started production. But that is enough to move the share up.
if SOP full year profit can reach 300 millians ringgit, so 4.5--5.00 ringgit share value is fare, and reasonable.On top of these , the profit in the future years must also maintain at these levels and kcpo price could maintain and trading at 2700-3000 ringgit for longer term..
SOP has good and prudent management. Current CPO price will definitely boost profit the next quarter too. It is hard to find a sizable plantation trading at single digit PE. My personal TP for SOP is $5.50.
KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Thursday, rising more than 1 percent on expectations of positive news from the the European Union's (EU) decision on biodiesel anti-dumping duties. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange rose 1.4 percent to 2,782 ringgit ($661.12). Traded volumes stood at 57,957 lots of 25 tonnes each at noon. Palm rose by up to 2,796 ringgit a tonne during intra-day trade, the highest price in six-and-a-half months. "It is possible the market is bullish about the EU's upcoming decision, expecting a cancellation or deferment of the anti-dumping duties, which would be good for biodiesel exports from Malaysia," a Kuala Lumpur futures trader said. Palm slid in earlier trade as the market reacted to a strengthening ringgit . The currency has firmed over the past three days, rising 0.68 percent on Thursday and returning to its November levels. A more expensive ringgit makes palm oil less attractive to foreign buyers of the tropical oil. Soyoil's steady performance, meanwhile, is expected to suport palm prices. Palm oil prices are affected by movements in other edible oils that compete for a share in the global vegetable oils market. MIDF Research said in a report on Thursday strong soybean oil prices should limit the downside for palm oil despite high palm oil inventories. "Ongoing concern on soybean production has kept the soybean oil price strong at above 35 cents per pound in the CBOT market and this is supportive to palm oil," the report said. A Reuters poll among planters, analysts and traders showed that Malaysian palm oil August stocks are expected to rise towards the 2 million tonne mark, with output still close to its strongest in two years. The Malaysian Palm Oil Board is due to release production and export data on Sept. 11. The soybean oil contract on the Chicago Board of Trade was up 0.9 percent. The January soybean oil contract on the Dalian Commodity Exchange was down 0.3 percent, while January palm olein fell 0.5 percent. - Reuters
KCPO price breaks RM 2800 today,and heading new seasonal high, as predicted earlier.Well RM3000, not too far away.If touches and all hell would breaks loose.
2017 output growth includes recently acquired SYOP
We expect FFB output to grow by 49% YoY in 2017. The strong growth will emanate from SOP’s recent acquisition of Shin Yang Oil Palm’s (SYOP) estates which added 23,798 ha in Dec 2016 or 40% of total planted area. SYOP’s contribution will be reflected on a full year basis in 2017. We expect SOP’s other estates to deliver 16% YoY FFB output growth. Is it acquiry this company cause the large improvement?
If this month can maintain such as last two month production volume, can predict next quarter EPS at least 12 cents above. Meanwhile, its 4,858ha Taniku Estate located at the fringe of Miri city, nice prospect company. Happy invest.
Not only make money from CPO but also property development? No wonder Maybank TP RM 4.9.
Khoojack If this month can maintain such as last two month production volume, can predict next quarter EPS at least 12 cents above. Meanwhile, its 4,858ha Taniku Estate located at the fringe of Miri city, nice prospect company. Happy invest. 13/09/2017 16:42
Enning22 thanks for remind. III) Property Development Segment Weak sentiments towards property market prevailed during the year, in tandem with weak global economic climate. Tighter end - nancing policies exercised by banks / nancial institutions also dampened demand for property markets. The Group is prudent and cautious when launching new phases of property development. During the year, 80% of affordable and medium - cost residential houses that were launched over the past 2 years had their construction completed and to-date take-up rate was reasonable. To enhance the intrinsic value of the residential houses, some units of commercial houses were launched during the year in the vicinity of the residential houses. The construction was still in - progress (approximately 20%) and to-date the take-up rate was reasonable. The Group’s property segment recorded a pro t after tax of RM1.92 million for year 2016. Under the current weak demand for real property in the midst of weak global economic climate, contribution from this segment to the Group would not be signi cant at this stage
maybk projecst tp=4.90. luckpunting suggested figure. =6 rm and i believe the figure 6rm is realistic, provided kcpo price can maintain at or above 2700rm for long extended period of time, and thus the net annual profit can attain 300millians or above ..
This counter palm age high percentage young,high produce, profit will increase higher because still a lot land available, conclusion this company mangement did a good job.
Please compare RM 6 CPO counter whether their EPS(profit) better than SOP. I can think is U Malacca. Anyone has other ideas?
enning22 maybk projecst tp=4.90. luckpunting suggested figure. =6 rm and i believe the figure 6rm is realistic, provided kcpo price can maintain at or above 2700rm for long extended period of time, and thus the net annual profit can attain 300millians or above .. 21/09/2017 11:26
SOP Q1 EPS = 12.02 Q2 EPS = 11.75 Q3 EPS = ?? Q4 EPS = ?? Share Price Closed = 4.00 --> only started to rally, still got room to up wor!! If full year EPS = 12 x 4 = 48, reference with the above 3 stocks .... how SOP? :p
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Posted by Alex Foo > 2017-09-05 09:38 | Report Abuse
land yield problem?