"He adds that the company aims to secure 500 customers — mainly from Malaysia, Indonesia, Thailand, Latin America and Nigeria — by 2024. “Our first customer for BioStar is from Thailand. We will design and build the POME wastewater treatment plant for them, which will be ready for commission between June and August this year.”
With each BioStar priced at 8mil, this guy is targeting 500 * 8mil = 4,000mil sales over 5 years?! That is like 800mil a year? 4 times market cap? Insane...
In 2012, its EPS is 18.6 cents and traded at around 0.40 (adjusted). Now its making less than 2012 at trailing EPS of 17.6 cents but can trade at 1.30 ?? Is there a mistake here?
1.32 adjusted for dividend payout back to 2012 (ard 0.25) is around 1.07. 2012 - EPS 18.6 cents @ 1.07 2019 - EPS 17.6 cents @ 1.40 Not really growing. Just drop and back up
By ramada's analysis, earnings r from traditional biz. MBL said progress on bio-engin projects immaterial. So there's no POME story yet on the the bottom line.
Whether Biostar is a success or not, its still a cheap stock EV/EBITDA of 4.5x and P/E of 8? Cmon.. This is a cheap AF without accounting for all the growth upside from BioStar.
Yes. First customer was in Thaild, n CEO said the plant wud b ready betw June n Aug this year. Shd have been able to say successfully commissioned, n revenue booked in Q3.
How are biz conditions? I thot when CPO was RM2k, estates spent less on even fertilisers? Why was there increased spending on PKO expellers? spending omon C
Hey, im new to this counter. Just found the gem hidden deep in the market. CPKO price is breaking high as well as i confirmed with MPOB.
As the price rise now, will that impact on the machine sales? I believe it might. But anyone know how much capacity is running for its current factory?
“Oil milling division’s revenue improved to RM14.31 million (2018: RM7.75 million) and registered a profit before tax of RM0.06 million (2018: RM0.38 million). The unfavorable result was mainly attributable to the continued subdued selling price of Crude Palm Kernel Oil (“CPKO”) despite of the increased CPKO output in the current quarter under review.”
Looking at above statement i believe CPKO price does MBL’s oil milling profit margin. If the price is up 20-30% now, that means potentially profit margin will be 20%? As previously was almost 0.
More like market was not aware. The fundamental was solid even CPO price was so low. Now when CPKO price is up, i believe its clients’ capex will increase whereby lead to better financial I am accumulating and will observe for 1-2 quarter more.
Woah just found out 1.42 is its all time high, this is 4th time MBL touching this price. I am looking forward for it to break up this price in 2 months time!
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....
Icon8888
18,658 posts
Posted by Icon8888 > 2019-11-26 17:07 | Report Abuse
So bullish... result very good ?