Cash in hand : Rm142mil (should be more after disposal of land)
CPO price > Rm3,300
All segments including POE, SPV, refinery, oil mill and plantations are doing better last Q. I'm expecting a much better Q results.
What nonsense is this sum-of-parts derived TP of RM0.83 by HLG?
Kenanga maintain UNDERPERFORM with an unchanged TP of RM0.780 based on FY21E PER of 9.9x. They assign a PE of 23.3 to KGB and give two back to back favourable reports on KGB and pushed up the price. Although I own KGB too, I simply can't see the logic.
Hopefully, the IBs will change their mind and start some rotational play on KLSE counters.
The Group’s revenue and profit before taxation for the financial period ended 30 September 2020 increased by 32% and 153% respective as compared to the same financial period last year.
The increase in the Group’s revenue was mainly due to a new stream of revenue generated by the refinery segment as well as the increase in revenue by the palm oil plantations and special purpose vehicles segments. The increase in the Group’s profit before taxation was mainly due to higher contribution from the palm oil equipment and engineering segment, lower loss incurred by the palm oil plantations segment and the improved share of results of associates and joint venture.
What does this cpo price trend below tell U leh ??
Date Settlement Price RM 3 Dec 20 3332 2 Dec 20 3316 1 Dec 20 3347 30 Nov 20 3305 27 Nov 20 3338 26 Nov 20 3227 25 Nov 20 3285 24 Nov 20 3249 23 Nov 20 3326 20 Nov 20 3288
Ans; Rising CPO price and Rising Profit loh!!
Until Sept latest qtr result cpo average is roughly rm 2600 mah!!
December QTR we will be seeing conservatively Average Price Rm 3200, that is 23% increase in price n this increase revenue will all goes to the bottom line profit as there are no cost applicable to revenue generated from price increase loh...!!
Just imagine if Average palm oil price is Rm 2800, U already see super strong profit loh!! But now we are at above 3500 loh...!!
Can U forecast & project what will palmoil company potential profit at rm 3500 cpo leh ?
Most of the analysts are optimistic that the current CPO uptrend is sustainable due to weak dollar + some other factors so we might experiencing a crazy bull run on plantation sector in year 2021. This surely leads CBIP to another level as of what management mentioned in their prospects. I believe FCPO to hit 4000 is achievable very soon!
As mentioned at the latest qr, the increase in the group’s revenue was mainly due to a new stream of revenue generated by the refinery segment as well as the increase in revenue by the palm oil plantations and special purpose vehicles segments. All segments will eventually back to positive since CPO price return to 8 years high.
CB INDUSTRIAL PRODUCT HOLDING BERHAD We wish to announce that PalmitEco Engineering Sdn. Bhd. (“PESB”), a wholly owned subsidiary of CBIPH had implemented a temporary stoppage for 14 days of its manufacturing facility in Telok Panglima Garang, Selangor from 26 February 2021 to 11 March 2021. This is done under the guidance of Kementerian Kesihatan Malaysia (KKM).
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....
Posted by KOHSIENFOOK > 2020-11-10 12:58 | Report Abuse