JP morgan said hard to ignored CPO bull cycle. Public investment upgraded planter's sector " CPO super cycle", HLB is in sync with market expectations "cpo price will remain elevated"
Some asked whether Taann or Swkplant is better buy . Both essential under same leadership. I think 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
Many plantations in Sarawak has some small issue with NCR claim. But they are really small issue to handle. No worries at all . Don’t focus on trivial problems, Look at the bigger picture of bright prospects for palm oil !
Swk plant has gained traction and renewed vigour {after Datuk Wong } and his team of experienced planters reorganised the estates operations. Higher yield and higher efficiency & output. Datuk Wong {TaAnn} is the largest shareholder of Swkplant. Expect more upside from swk plant
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....
Johnzhang
3,098 posts
Posted by Johnzhang > 2022-02-17 18:34 | Report Abuse
Swkplant is the laggard. will cross $3 anytime soon
My personal TP is $4.00