Two ex-Cepat directors given three months to return RM13 mil to company or face five years' jail Hafiz Yatim/theedgemarkets.com April 01, 2022 18:55 pm +08
Anyone know what is the status of this RM 13 million?
At the moment plantation stock are price modestly using sustainable cpo price of Rm 4000 mah!
With the current price above Rm 6000, even if indonesia comeback to the export mkt....that will not affect plantation share price bcos it is not overvalue....as it is not value base on cpo rm 6000 mah!
These are old ex directors of cepat mah! The co had fully provided for these losses, thus any recovery will go straight to its bottom line of Cepat profit loh!
Two ex-Cepat directors given three months to return RM13 mil to company or face five years' jail Hafiz Yatim/theedgemarkets.com April 01, 2022 18:55 pm +08
That means q1 2022 v q1 2021 mah! In short u cannot compare winter season v summer season mah! U cannot compare q1 2022 with q4 2021 loh!
Bcos got seasonal production issue mah! Posted by Jonathan Keung > 2 minutes ago | Report Abuse
That ku ku brain simply shout . ...blah blah. Cepatwawasan profit -36% QtoQ.... Actual profit triple up in 1st Qtr from 5.6 million to 15.2 million. BPlant earnings & profit will be higher similarly 3+ times and higher in coming QtoQ announcement
FFB production is always the lowest during the months of Jan to April of a year. Production for other months is 20 to 50% higher. Even if production stays flat and CPO price remains the same as in the first quarter, Cepat should still make around 20 sen a share this year.
Plantations are hardy stocks..what with high CPO and trend will always be up in next 2 years, its not like anybody can come in, plant and and harvest to upset the supply ... be patient and collect at right prices
I would only sell Cepat at this level when CPO price dips below RM3,500 a ton. CPO price should average above RM5,000 a ton this year and not likely to fall below RM4,000 a ton next year.
Soybean price goes up from USD1603 on 13May22 to USD1717 Today. It provides the CPO strong support above RM6000(RM6000=USD1363). The CPO price is lesser than soybean USD350 or 25% lesser than soybean.
Compared to its first quarter earnings last year, Cepat's first quarter earnings this year was 2.72 times higher. Can you imagine how much Cepat would make if its full year earnings were also 2.62 higher than last year, which was 16.38 sen per share?
Nothing to regret. High CPO price doesn't translate to high profit if you cannot produce enough to sell Did you see the below in quarter result report. Nobody pluck the fruit, where you get enough fruits to sell ?
As for our FFB production, the severe shortage in manpower affecting production is expected to continue. Thus, urgent Government assistance is required to provide an immediate avenue to recruit foreign workers.
@klsejeff88, Cepat harvested more FFB in Q1 2022 than same period one year ago (21,977 MT vs 19,694 mt ). Do you think they have employed monkeys to harvest the fruits ?? Although labour shortage is real, the plantation management will know what to do to prioritise the work in the field. Trust me that harvesting FFB is right at the top of the list. Other field upkeep works can be delayed while whatever can be mechanised is machinesed.
Cepat's earnings this year should increase by over 50%. With a prospective EPS of over 25 sen a share for year 2022, it is trading at a prospective PE of under 4. I see its share price being manipulated.
Small investors have lost interest in this counter. It has to post record beating second quarter results to entice them back. They have failed to notice this jewel.
CPO price has stayed above RM5,000 a ton for 4 months and above RM6,000 a ton for almost two months. The war in Ukraine won't end so early and CPO price is unlikely to dip below RM5,000 a ton this year. CPO price averaged under RM4,000 a ton last year and Cepat still earned 17.4 sen a share. Even assuming there is no increase in crop production, Cepat is expected to earn much, much more this financial year.
russia-ukraine war will be over when russia occupies the best part of ukraine which means no food (veg. oil, wheat, etc) can be exported because russia will still be under sanctioned
only when uncle sam (biden, senate, congress) says all sanctions on russia are lifted and nord stream 2 is fully restored and russia can keep ukraine. how likely it that?
Small investors seemed to be in a state of panic today and drove Cepat's share price all the way down to 84 sen a share. Fear will drive people to behave irrationally. Even if Cepat's profit remains the same as last year, it will still earn 17.4 sen a share, translating into a PE of less than 5.
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....