SARAWAK OIL PALMS BHD

KLSE (MYR): SOP (5126)

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Last Price

3.27

Today's Change

+0.10 (3.15%)

Day's Change

3.10 - 3.29

Trading Volume

575,800

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 4,930,020 5,207,145 5,124,500 5,365,474 4,432,984 2,759,423 2,915,335 3,532,890 4,911,725 4,416,122 3,642,385 2,874,718 6.62%
PBT 514,248 544,486 421,632 669,504 714,092 300,318 127,157 107,051 359,712 195,960 120,781 160,136 11.34%
Tax -128,532 -134,923 -107,658 -164,455 -171,030 -82,046 -35,077 -40,346 -101,502 -53,672 -32,464 -36,737 12.68%
NP 385,716 409,563 313,974 505,049 543,062 218,272 92,080 66,705 258,210 142,288 88,317 123,399 10.92%
-
NP to SH 370,284 393,302 300,450 480,450 511,213 202,200 89,813 61,300 239,253 132,196 84,938 115,409 11.20%
-
Tax Rate 24.99% 24.78% 25.53% 24.56% 23.95% 27.32% 27.59% 37.69% 28.22% 27.39% 26.88% 22.94% -
Total Cost 4,544,304 4,797,582 4,810,526 4,860,425 3,889,922 2,541,151 2,823,255 3,466,185 4,653,515 4,273,834 3,554,068 2,751,319 6.40%
-
Net Worth 3,644,427 3,644,427 3,516,736 3,293,606 2,801,299 2,375,705 2,203,573 2,140,778 2,094,605 1,527,563 1,389,974 1,330,438 11.39%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div 71,284 71,254 35,612 35,606 22,867 28,554 28,543 34,252 - - - - -
Div Payout % 19.25% 18.12% 11.85% 7.41% 4.47% 14.12% 31.78% 55.88% - - - - -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 3,644,427 3,644,427 3,516,736 3,293,606 2,801,299 2,375,705 2,203,573 2,140,778 2,094,605 1,527,563 1,389,974 1,330,438 11.39%
NOSH 891,823 891,823 890,321 890,163 571,693 571,121 570,876 570,874 570,737 570,111 439,865 439,088 8.16%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 7.82% 7.87% 6.13% 9.41% 12.25% 7.91% 3.16% 1.89% 5.26% 3.22% 2.42% 4.29% -
ROE 10.16% 10.79% 8.54% 14.59% 18.25% 8.51% 4.08% 2.86% 11.42% 8.65% 6.11% 8.67% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 553.28 584.38 575.58 602.75 775.41 483.19 510.68 618.86 860.59 951.13 828.07 654.70 -1.42%
EPS 41.56 44.14 33.75 54.48 89.44 35.42 15.73 10.74 41.92 28.05 19.31 26.29 2.81%
DPS 8.00 8.00 4.00 4.00 4.00 5.00 5.00 6.00 0.00 0.00 0.00 0.00 -
NAPS 4.09 4.09 3.95 3.70 4.90 4.16 3.86 3.75 3.67 3.29 3.16 3.03 2.98%
Adjusted Per Share Value based on latest NOSH - 891,823
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 552.51 583.57 574.30 601.31 496.81 309.25 326.72 395.93 550.46 494.92 408.20 322.17 6.62%
EPS 41.50 44.08 33.67 53.84 57.29 22.66 10.07 6.87 26.81 14.82 9.52 12.93 11.21%
DPS 7.99 7.99 3.99 3.99 2.56 3.20 3.20 3.84 0.00 0.00 0.00 0.00 -
NAPS 4.0843 4.0843 3.9412 3.6912 3.1394 2.6625 2.4696 2.3992 2.3474 1.7119 1.5578 1.491 11.39%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 28/06/24 28/06/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 2.82 2.82 2.59 2.60 3.49 4.00 4.10 2.10 3.90 3.68 4.38 5.16 -
P/RPS 0.51 0.48 0.45 0.43 0.45 0.83 0.80 0.34 0.45 0.39 0.53 0.79 -6.05%
P/EPS 6.79 6.39 7.67 4.82 3.90 11.30 26.06 19.56 9.30 12.93 22.68 19.63 -9.90%
EY 14.74 15.65 13.03 20.76 25.62 8.85 3.84 5.11 10.75 7.74 4.41 5.09 11.00%
DY 2.84 2.84 1.54 1.54 1.15 1.25 1.22 2.86 0.00 0.00 0.00 0.00 -
P/NAPS 0.69 0.69 0.66 0.70 0.71 0.96 1.06 0.56 1.06 1.12 1.39 1.70 -9.97%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 29/08/24 29/08/24 29/02/24 28/02/23 24/02/22 25/02/21 28/02/20 28/02/19 28/02/18 27/02/17 26/02/16 27/02/15 -
Price 2.82 2.82 2.84 2.64 5.37 4.14 3.26 2.54 3.72 3.72 4.30 5.55 -
P/RPS 0.51 0.48 0.49 0.44 0.69 0.86 0.64 0.41 0.43 0.39 0.52 0.85 -5.93%
P/EPS 6.79 6.39 8.42 4.89 6.01 11.69 20.72 23.65 8.87 13.07 22.27 21.12 -9.70%
EY 14.74 15.65 11.88 20.44 16.65 8.55 4.83 4.23 11.27 7.65 4.49 4.74 10.74%
DY 2.84 2.84 1.41 1.52 0.74 1.21 1.53 2.36 0.00 0.00 0.00 0.00 -
P/NAPS 0.69 0.69 0.72 0.71 1.10 1.00 0.84 0.68 1.01 1.13 1.36 1.83 -9.83%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
7 people like this. Showing 50 of 3,358 comments

Mabel

https://www.thestar.com.my/news/nation/2023/11/25/india-asks-for-six-million-tonnes-of-palm-oil-from-m039sia-says-dpm

India is the largest importer of Malaysia’s CPO and they really need our help as Shah Rukh Khan, Amitabh Bachchan, Aamir Khan, Salman Khan, Kajol, Priyanka Chopra, Deepika Padukone etc needs help urgently. Their Capati and Tossie does not taste the same without Mabel Oil.

Right now Malaysia can only be able to export about four million tonnes to the country. Sarawak, please work harder, we need to increase another 2 million tonnes.

Mabel Oil Production: MPOA 1-20 October 2023
Peninsular Malaysia: (+) 4.83%
Sabah: (+) 4.26%
Sarawak: (-) 0.54%
East Malaysia: (+) 2.99%
Total Malaysia: (+) 4.14%

2023-11-26 09:33

titan3322

If can't defend 2.55 then koyak d 🤣🤣

2023-11-27 16:15

titan3322

Already November 28 qtr results pun xberani release. I think must be bad. Taan ardy reported 31% lower profit but give 15 sen div which is very generous. The worst thing that can happen to SOP is reporting lower profit and give 4 sen div 🤔

2023-11-28 22:14

titan3322

Qtr released EPS = 10.62 which is not bad but still very stingy on dividends 🤣

2023-11-29 20:43

titan3322

Very low div yield as compared to other plantation Cos. Hope it doesn't issue any more ESOS further diluting its earnings. Does not reward shareholders unlike Taan etc. !

2023-11-30 19:48

titan3322

Tomorrow if break 2.55 habis liao 😆

2023-12-05 19:42

titan3322

Hahaha habis liao 🤣🤣

2023-12-06 16:59

titan3322

Sudah pi Holland 2.55 tarak support lagi 🤣🤣

2023-12-07 13:41

titan3322

Based on the delivered CPO price for October and November and the future price for December 2023 the earnings for qtr ending December 31 2023 could be worse than the previous Qtr !

2023-12-15 21:13

yfchong

It is a chance to get cheap ticket 🎟

2023-12-19 20:11

yfchong

Let's see how lar after 2/1 2024.

2023-12-22 07:18

titan3322

Comparatively an over valued stock in current CPO price environment !

2024-01-08 17:46

Dehcomic01

Sarawak Oil Palms (SOP) is a Bursa plantation company. From a ROE perspective, it performed as good as my reference Bursa plantation company – KLK. From a fundamental perspective, it looks like a good company. https://www.youtube.com/watch?v=9KhboTCMdEg

But is it a good investment? A good investment in one that can enabled you to make money. So you have to buy when the price is reasonable. Its current market price is about half its 5 year peak. Its LTM ROE is also about half its 5 year peak.
https://i.postimg.cc/G2gjFDDC/SOP.png
You might think that there is no margin of safety. But its average dividend yield over the past year was about 3.5%. On the balance of probability, it is a company worth digging further into.

2024-01-20 09:04

diuleiloumei

Finally it move

2024-01-21 23:31

EngineeringProfit

Gua caya sama u, calvin. After selling close to 7.00, now I'm back for another round of profit$$$$

2024-02-16 10:10

StartOfTheBull

Palm oil stocks are back in focus?

2024-02-16 15:01

sohaitrader

good management ... memang boleh terbang..

2024-02-27 15:50

sohaitrader

why so less ppl here for discussion ?

2024-03-05 15:31

kelvinongbk

Palm oil prices jump above RM4000 now

2024-03-06 11:44

pang72

Wow!! 40% underrated.... $4.10..


OK! Note!!

2024-03-07 15:58

pang72

Everyone followed SOP while covid...
Everyone still wanna follow SOP postcovid because exagriculture minister educated drink palm oil good for healthy so palm oil good selling now:)

2024-03-07 16:56

pang72

https://www.freemalaysiatoday.com/category/nation/2019/11/12/one-spoon-of-palm-oil-a-day-not-enough-take-a-bottle-bn-mps-mock-kok/

Effect lai liao...

2024-03-07 16:58

icecool

back to rm7 or rm 17 ?

2024-03-07 22:40

Mabel

*Malaysia Plantations*

*The unsung heroes of the nation (and the world)*

11 March marks the 4th anniversary of COVID-19 pandemic. We pay tribute to the plantation sector that has contributed immensely during the pandemic. While not undermining the sacrifices by the front-liners and others in the fight against COVID-19, this sector has played its part in ensuring food security, job security, and health security not just for the nation but the world over. Despite rising cost challenges and falling output, the sector still made huge monetary contribution of >MYR23b over the past 4 years in various forms of direct and indirect taxes, and contributions.

*>MYR23b in “social” contribution to the grateful for*

Between 2020 and 2023, the plantation sector has contributed approx. MYR6.1b in windfall profit levy, MYR3.7b in export duties, MYR1.3b in MPOB CESS (see Fig.1), MYR0.2b in Prosperity Taxes, >MYR6b in Sabah and Sarawak Sales Taxes (our back-of-the-envelope estimates), and easily >MYR6b in corporate income taxes and individual taxes (by the smallholders) to the Malaysian government . The sector is said to be among the highest tax contributor in terms of total taxes (including windfall profit levy, export duties, CESS, and Sabah and Sarawak Sales Taxes, in addition to corporate taxes). Monies collected by the government were channelled to (among others) nation building and running of many social programmes including free COVID vaccinations given to the people and cash handouts given to the needy during the pandemic.

*Food & health security roles often taken for granted*

Palm oil holds more than 50% market share in the global vegetable oils trade. Hence, its continuous availability is crucial to global food security as well as health security. Throughout the pandemic, palm oil exports never stopped as the government allowed palm oil cultivation to proceed.

Besides food use, the continuous availability of palm oil and palm products also meant there was the much-needed ingredients to make personal cares and cleaning products such hand wash, soap, laundry detergents, hand sanitisers, etc that the world desperately needed in its fight against the highly infectious COVID-19 virus.

*Job security for the locals as well as guest workers*
Many people lost their jobs at the start of the pandemic and had to draw down their hard-earned life savings to make ends meet. Prior to the pandemic, the sector has a strong workforce of 437,400 in Malaysia comprising local and guest workers. During the pandemic, the plantation sector was among the few granted special approval by the government to operate. Social distancing at workplace was inherent in the estates given that one worker typically covers more than 10 hectares of estates, providing a naturally safe working environment. Workers were even given free COVID vaccinations by their employers. At the height of the pandemic, outsiders had limited access to the staffs’ housing quarters and estate operations to ensure the safety of their workers and families. While country borders were mostly closed initially, guest workers remained employed throughout and were paid decent wages (plus incentives) that allowed them to repatriate the much-needed income to provide for their families back home (presumably equally affected by the pandemic).

Well Done Guys!

2024-03-11 10:49

kelvinongbk

Palm oil price hits RM4300++...nice!

2024-03-21 08:48

kelvinongbk

Palm oil prices above RM4500++....

2024-04-03 15:23

Johnzhang

Waiting for it to break $4/-

2024-04-10 07:00

EngineeringProfit

Time to recollect again......returning next week

2024-05-11 10:19

Johnzhang

Results for Q1 2024 :
Net profit +80% yoy on the back of higher production and lower cost of production.
Operating cashflow for Q1 is a massive +299.4M!
Excellent results

2024-05-23 22:10

EngineeringProfit

Richer in cash. Decent dividend coming. TP 3.30.

The group is implementing an effective recovery strategy to enhance its production, which includes cost control measures and a replanting program. However, the industry will still face challenges due to global economic conditions and the declining prices of commodities.

2024-05-24 06:20

Johnzhang

CPO is over $4,000 again ! Without extraordinary losses, predominantly upstream plantation should do very well this year .
I am back to plantation sector in a big way …

2024-05-29 16:55

Johnzhang

Malaysia 1-31 May vs 1-30 Apr palm oil export (in mt):

*AmSpec: 1,404,719 vs 1,144,100 (+260,619 or up 22.78%)*

ITS: 1,481,916 vs 1,213,525 (+268,391 or up 22.12%)

2024-06-01 06:52

calvintaneng

SOP 300,000 ACRES IN SARAWAK
LOW P/E
VERY SAFE

TRUMP IN POWER: TECH IN TROUBLE (A Prudent Person Foresees Danger & Hide himself, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-31-story-h-155265511-TRUMP_IN_POWER_TECH_IN_TROUBLE_A_Prudent_Person_Foresees_Danger_Hide_hi

2024-07-31 00:57

calvintaneng

RESULTS OF UNITED PLANT, CHINTECK PLANTATION & SARAWAK OIL PALM TELL US THAT WE SHOULD UPGRADE PALM OIL TO OVERWEIGHT, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-31-story-h-155263555-RESULTS_OF_UNITED_PLANT_CHINTECK_PLANTATION_TELL_US_THAT_WE_SHOULD_UPGR

2024-07-31 07:31

calvintaneng

TSH VERY SAFE

TRUMP IN POWER: TECH IN TROUBLE (A Prudent Person Foresees Danger & Hide himself, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-31-story-h-155265511-TRUMP_IN_POWER_TECH_IN_TROUBLE_A_Prudent_Person_Foresees_Danger_Hide_hi

2024-07-31 07:33

calvintaneng

sop got 300,000 acres palm oil estate

Lots of real profits


https://www.tradingview.com/symbols/MYX-FCPO1!/

2024-08-02 12:30

calvintaneng

SOP VERY SAFE

A TSUNAMI SHELTER

UNDERSTANDING DIFFERENT FORMS OF VALUE IN VALUE INVESTING, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-03-story-h-155170407-UNDERSTANDING_DIFFERENT_FORMS_OF_VALUE_IN_VALUE_INVESTING_Calvin_Tan

2024-08-03 00:31

calvintaneng

SOP VERY SAFE


SHARE MARKETS COLLAPSING: SEE WHO ARE BUYING & HOLDING FIRMLY & WHO ARE SELLING AND RUNNING AWAY, Calvin Tan

34 seconds ago



calvintaneng

Read this 3 Times!

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-03-story-h-155144398-SHARE_MARKETS_COLLAPSING_SEE_WHO_ARE_BUYING_HOLDING_FIRMLY_WHO_ARE_SELL

0 seconds ago

2024-08-04 01:16

yfchong

Let's see price in boh at rm 2.75

2024-08-04 11:54

calvintaneng

SOP got 300,000 acres of palm oil land in Sarawak

Now Solar farm will increase value by 50X according to Abang Jo

SOP stands to benefit as 300,000 acres is 4X Penang Island at 72900 acres

Also Cpo at Rm3917 SOP got lots of profits

Hide in safety of SOP

https://www.tradingview.com/symbols/MYX-FCPO1!/

2024-08-05 08:36

mf

BREAKING
Japan stocks plunge 7%, extending last week’s rout; other Asia-Pacific markets also fall

2024-08-05 08:37

yfchong

Haiyah kena trap

2024-08-05 17:35

calvintaneng

RISE OF DIESEL PRICE BY 52% CAUSED PROPERTY, CONSTRUCTION AND OTHERS CUT INTO THEIR PROFITS, BETTER BUY EAST MALAYSIA OIL PALM STOCKS DUE TO NO DIESEL PRICE SPIKE, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-16-story-h-154165970-RISE_OF_DIESEL_PRICE_BY_52_CAUSED_PROPERTY_CONSTRUCTION_AND_OTHERS_CUT_


SOP GOT 300,000 ACRES (4 PENANG ISLAND OF 72.900 ACRES)

WILL BENEFIT

2 months ago

calvintaneng

please do think very carefully


see two macro picture


1. In Peninsular (West Malaysia )

there is a 52% diesel price rise

as such all industries will be impacted by a corresponding rise of 5% to as high as 30%

these will see higher cost

1. property
2. construction
3. construction material
4.logistic that send goods by lorry or ships

5. consumer food and drink which are bulky

6. Toll road owners
as lorries now see higher operation cost by 52% they will make less trip so less collections from till


others




2. By Nov 2024 if Trump gets elected he will impose 10% tariff (tax) for all and for China it will be 60% tariff

so all industries related to export to USA will be hit

two things will hit all


a universal price rise caused by rise of diesel 52%

a universal tariff by USA from 10% to 60%


that is why it is of utmost safety to go invest in East Malaysia stocks which got no 52% diesel rise there

and palm oil export is more to India and China (not USA)

2 months ago

calvintaneng

https://www.tradingview.com/symbols/MYX-FCPO1!/.

Many things out there now uncertain

But we keep to what we know

Cpo was Rm2600 MT in year 2020/1 when we started investing into 🌴🌴🌴

Now Fcpo over Rm3900 is up 50%

Even though fertilizer and wages are also up we still see a good margin of profit

So we will be content and keep safe

better to be safe than sorry

2 months ago

calvintaneng

SOP (5126) A FANTASTIC RESULT AND A ROCK SOLID BALANCE SHEET FROM THIS PALM OIL COMPANY, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-29-story-h-153176392-SOP_5126_A_FANTASTIC_RESULT_AND_A_ROCK_SOLID_BALANCE_SHEET_FROM_THIS_PA

2 months ago

nash2233

Top 25 shareholders own 99.13% of the company



no wonder the share price is stagnant .

2 months ago

goldenhope

top 30 shareholders hold 88.32%

2 months ago

Fabien _the efficient capital allocator

YTD FFB grew 9% y-0-y. very impressive. 2H FFB production even better. 1H FCF already 30 sen or 270mil. Net cash above 1bil. This company worth at least RM4.

2 months ago

Fabien _the efficient capital allocator

CPO 4,350

1 month ago

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