CB INDUSTRIAL PRODUCT HOLDING

KLSE (MYR): CBIP (7076)

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Last Price

1.31

Today's Change

0.00 (0.00%)

Day's Change

1.31 - 1.31

Trading Volume

7,000

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 692,234 737,910 847,951 869,092 614,284 542,192 450,263 481,117 669,777 577,883 541,274 600,893 3.89%
PBT 46,332 75,534 91,457 478 103,741 72,865 44,328 92,481 87,988 139,528 143,089 108,446 -1.87%
Tax -16,924 -18,430 -19,634 -13,250 -8,642 -25,281 -10,806 -28,664 -40,911 -18,291 -19,852 -11,224 6.40%
NP 29,408 57,104 71,823 -12,772 95,099 47,584 33,522 63,817 47,077 121,237 123,237 97,222 -3.30%
-
NP to SH 24,602 50,649 65,048 -5,991 87,334 56,648 35,540 46,319 50,461 101,649 97,985 91,205 -3.68%
-
Tax Rate 36.53% 24.40% 21.47% 2,771.97% 8.33% 34.70% 24.38% 30.99% 46.50% 13.11% 13.87% 10.35% -
Total Cost 662,826 680,806 776,128 881,864 519,185 494,608 416,741 417,300 622,700 456,646 418,037 503,671 4.91%
-
Net Worth 828,934 833,350 825,914 783,846 797,864 748,711 727,253 736,878 721,437 723,291 667,405 600,455 3.60%
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 24,977 18,789 23,597 9,559 19,225 19,574 10,100 20,468 31,366 31,447 52,551 42,510 -6.32%
Div Payout % 101.52% 37.10% 36.28% 0.00% 22.01% 34.55% 28.42% 44.19% 62.16% 30.94% 53.63% 46.61% -
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 828,934 833,350 825,914 783,846 797,864 748,711 727,253 736,878 721,437 723,291 667,405 600,455 3.60%
NOSH 468,324 470,819 538,248 538,248 538,248 538,248 538,248 538,248 538,248 538,248 525,516 531,376 0.14%
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 4.25% 7.74% 8.47% -1.47% 15.48% 8.78% 7.44% 13.26% 7.03% 20.98% 22.77% 16.18% -
ROE 2.97% 6.08% 7.88% -0.76% 10.95% 7.57% 4.89% 6.29% 6.99% 14.05% 14.68% 15.19% -
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 147.81 156.73 179.67 181.84 127.81 110.80 89.15 94.02 128.12 110.26 103.00 113.08 5.27%
EPS 5.25 10.76 13.78 -1.25 18.17 11.58 7.04 9.05 9.65 19.39 18.64 17.17 -2.41%
DPS 5.33 4.00 5.00 2.00 4.00 4.00 2.00 4.00 6.00 6.00 10.00 8.00 -5.08%
NAPS 1.77 1.77 1.75 1.64 1.66 1.53 1.44 1.44 1.38 1.38 1.27 1.13 4.97%
Adjusted Per Share Value based on latest NOSH - 468,324
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 147.03 156.73 180.10 184.59 130.47 115.16 95.63 102.19 142.26 122.74 114.96 127.63 3.89%
EPS 5.23 10.76 13.82 -1.27 18.55 12.03 7.55 9.84 10.72 21.59 20.81 19.37 -3.67%
DPS 5.31 4.00 5.01 2.03 4.08 4.16 2.15 4.35 6.66 6.68 11.16 9.03 -6.33%
NAPS 1.7606 1.77 1.7542 1.6649 1.6946 1.5902 1.5447 1.5651 1.5323 1.5362 1.4175 1.2753 3.60%
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 30/09/24 30/09/24 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 1.30 1.30 1.34 1.10 1.17 1.11 1.10 1.00 1.80 1.97 2.05 2.01 -
P/RPS 0.88 0.83 0.75 0.60 0.92 1.00 1.23 1.06 1.40 1.79 1.99 1.78 -9.15%
P/EPS 24.75 12.08 9.72 -87.76 6.44 9.59 15.63 11.05 18.65 10.16 10.99 11.71 -2.04%
EY 4.04 8.28 10.29 -1.14 15.53 10.43 6.40 9.05 5.36 9.84 9.10 8.54 2.09%
DY 4.10 3.08 3.73 1.82 3.42 3.60 1.82 4.00 3.33 3.05 4.88 3.98 -0.71%
P/NAPS 0.73 0.73 0.77 0.67 0.70 0.73 0.76 0.69 1.30 1.43 1.61 1.78 -8.88%
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 28/11/24 28/11/24 28/02/24 28/02/23 24/02/22 22/03/21 27/02/20 25/02/19 28/02/18 22/02/17 24/02/16 25/02/15 -
Price 1.34 1.34 1.37 1.03 1.35 1.20 0.91 1.12 1.68 2.15 2.15 2.07 -
P/RPS 0.91 0.85 0.76 0.57 1.06 1.08 1.02 1.19 1.31 1.95 2.09 1.83 -9.29%
P/EPS 25.51 12.46 9.94 -82.17 7.43 10.37 12.93 12.37 17.40 11.09 11.53 12.06 -2.12%
EY 3.92 8.03 10.06 -1.22 13.46 9.65 7.73 8.08 5.75 9.02 8.67 8.29 2.17%
DY 3.98 2.99 3.65 1.94 2.96 3.33 2.20 3.57 3.57 2.79 4.65 3.86 -0.61%
P/NAPS 0.76 0.76 0.78 0.63 0.81 0.78 0.63 0.78 1.22 1.56 1.69 1.83 -9.03%

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
6 people like this. Showing 50 of 2,165 comments

necro

Get ready guys for RM5000 for FCPO

History is repeating for CBIP

RM3-RM5 is on the way up

2021-10-07 20:08

lloydlim

Time to accumulate!

2021-10-08 00:45

necro

Lai Lai Lai

Jgn Dah terbang baru nak BUY

2021-10-11 17:40

trum

Too late to join

2021-10-13 21:08

frankco

just the beginning for the bull run

2021-10-15 12:34

risktoreward

Masuk balik 1.27

2021-11-16 10:54

lloydlim

A better than expected QR to be released soon!

2021-11-24 10:24

danchong

today?

2021-11-24 16:48

Davidl

Improving QR! Lagi declare 2cts. dividend. Welldone.

2021-11-25 18:45

danchong

"The result for the current financial period was undermined by an allowance for impairment loss on bearer plants under
dispute of RM5.7 million."

Can anyone help me to understand this more?

2021-11-25 21:37

risktoreward

Means if not for setting aside 5.7mil for a dispute they will potentially lose, the results would be even better

2021-11-25 21:55

lloydlim

Cash flow very healthy & forward PE is now below 8

2021-11-25 22:32

danchong

Orderbook at SPV segment, on the other hand, swell to RM138m as at 30 Sep 2021 (from RM70m as at 30 Jun 2021), due to new contract secured (amounted to ~RM77m, which will be recognised over the next 2 years).

2021-11-26 10:44

danchong

Thanks, risktoreward. Good point but what is bearer plants dispute?

2021-11-26 11:37

All_in_2021

how does this impact, can share your view -->
https://www.theedgemarkets.com/article/cb-industrial-disposes-stake-biodiesel-unit-resolve-management-deadlock

2021-12-09 19:51

stockraider

Correctloh...if u factor in increase in cost of 10%...the production cost of CPO is Rm 2750 m/t.

Current CPO future 12 mths average ( Average from future Jan 2022 to Dec 2022) pm 4250!

U still talking about very outstanding Gross Margin of about 36% compare to usual 10% mah!

Plantation will record sky high profit going fwd loh!

Btw...usual norm of cost of production is only around Rm 2200 per tonnes!

Posted by Johnzhang > Dec 10, 2021 11:33 AM | Report Abuse

Some Investors may be concern of the labour and fertilizer cost increase on plantation company’s performance in 2022. The IBs and media are very prone to look at only one side of the equation and they seriously lack professionalism.

My view is oil palm plantation will still be laughing to the banks next year. Mind you that most big time CPO traders expect CPO to trade above $5,000 during Jan-Mac 2022 and between $4,000 to $5,000 during Apr-Dec 2022.

Cost of production (at estate level) during recent years (2017-2020) were $1,500 -$1,800 pmt CPO depending on the cost efficiency of each planter.
Average CPO price over same period (2017-2020) was about $2,490 pmt as shown in the calculation below :
2017 $2,800
2018 $2,150
2019 $2,250
2020 $2,760
-----------------
Avg $2,490
=================
Therefore, average Gross Margin in past recent years enjoyed by planters were $990 to $690 pmt CPO. (ie average CPO price $2,490 minus cost of production $1,500 to $1,800).

Due to higher labour and fertilizer costs, the cost of production is expected to increase by max. $300 pmt CPO basis. The new cost of production for 2022 shall be $1,800 -$2,100 pmt CPO.
Based on 2022's CPO price forecasted by big time CPO traders averaging $4,500 , the Gross Margin of the planters will be $2,700 to 2,400 pmt CPO.

2022's Gross Margin is 2.7 times to 3.5 times higher than the average of 2017-2020.

Just for sharing.

2021-12-10 11:48

danchong

On top of higher prices, the profile of palm are young and maturing fast too. I do expect production to increase significantly in 2022.

The disposal of GLM will allow the company to have more time & working capital to concentrate on productive areas.

The prospect of the company looks wonderful to me.

2021-12-10 13:08

All_in_2021

why the company keeps buying back the shares?

2022-01-12 20:39

Mynihar Nihar

https://www.motilaloswal.com/blog-details/6-reasons-why-a-company-could-consider-a-share-buyback/1797

2022-01-17 10:57

Mynihar Nihar

https://www.claret.ca/publications/stock-buybacks-value-benefits-companies-buy-back-shares/

2022-01-17 10:59

bojed

Yesterday golden cross ema20/200.

Today golden cross ema50/200.

All daily emas are perfectly aligned 7/20/50/200.

I managed to buy 20k shares at 1.29 today. Hopefully this won't turn into a false signal.

2022-01-27 18:42

Knownfact

https://youtu.be/B-ZTWUkhtBU

2022-02-13 23:09

danchong

Sudden see Alfred Chen so bullish on a sector

2022-02-14 13:08

necro

CBIP is testing 1.42-145 resistant

A successful breakout will bring price to 1.92-2.00 mark

2022-02-17 09:59

necro

Pergerakan price pon cantik, market sentiment pon cantik(KLCI in bullish mode), CPO in raging bull with this scenario its pointing to one solid conclusions that palm oil company & company its related will show bullish quarterly result for first or second quarter 2022.

2022-02-17 10:05

necro

The scenario is same like 2012,when world economy move out from Lehman Brothers Crisis, the inflation were high during decade ago, cyclical commodities like oil, gold & palm oil were rallied to all time high as World move from crisis.

I'm my humble opinion & experience, the commodity bull will stay for another 16months-24months before its subside, ride those commodities related stocks before its gone & don't buy at peak OK.

2022-02-17 10:10

danchong

The army is lining up to tackle the previous high of 1.45

2022-02-18 14:44

frankco

excellent result!!

2022-02-24 18:54

necro

Plantation stocks & it's related will create new all time high.

Same bullish commodity cylce pattern like 2012.

Ride the trend Guys,the upside is Imminent.

After this we will have cyclical consumer stocks upcycle followed by property & finance stocks.

2022-03-03 19:44

danchong

Better days is in sight.

2022-03-04 06:41

necro

Nice to see you grow like this CBIP

2022-04-14 09:59

frankco

Ukrain has missed the planting season... Many countries are stock piling food commodities and control their export of commodities. Shortage in edible oil will continue towards end of the year ..

2022-04-20 22:35

frankco

Thanks for your analysis!!

2023-05-14 17:47

dompeilee

Followed director Ah Beng's lead & bought CBIP😉

2023-07-20 10:15

DividendGuy67

28/7 share buyback 1.12-1.15.
27/7 share buyback 1.09-1.13
Ah Beng bought 21-24/7. Wa lau ... like this also can ahh?
I own a small speculative price position at 1.04. (This is not for dividend but price speculative). Will be looking to sell near the next resistance.

2023-07-30 10:49

Dehcomic01

CBIP business is strongly linked to the performance of the plantation companies. So don't look at the stock performance of the plantation companies. Rather look at the plantation companies business performance.

2023-07-30 10:57

DividendGuy67

CBIP 1.18. Nice. Small is beautiful.

2023-08-21 23:20

Dehcomic01

CBIP has about 20,000 ha of planted palm oil through its associates and JV. Given the acquisition of Boustead Plantation at RM 48,000 per ha, does it mean that the market has not recognized the true value of CBIP.

2023-09-18 09:51

Ryugentrades

Adding to my watchlist. potential entry for me when there is pullback to 1.08 to 1.11 price point. Technical chart looks bullish.

2023-11-19 09:33

Tanleechoo

Cannt understand why the oil palm plantation still red latest QR

2023-11-29 09:19

stockraider

Result overall good better than explaination except for palmoil plantation loh!

All its business engine on loh....i m sure plantation business will also pick up mah!

2023-11-29 12:44

Siow Looi

Price doesn't agree with the QR

2023-11-29 16:09

Tanleechoo

Coming Qtr any exciting result ..?other than announcing share buy back

2024-02-27 20:11

Tanleechoo

Adua, ! 4%+drop ! Great co

2024-03-08 16:51

Tanleechoo

Silence means more is coming Fr CBIP.?

2024-05-17 20:14

frankco

flying

2024-05-24 00:22

frankco

there are many reasons why insider sells their share but there is only one reason why they buy their share.

2024-05-24 00:34

Tanleechoo

Disappointing qtr again!

2024-05-30 17:36

Tanleechoo

Can’t see any light for this co ??no growth ?, poor dividend yield ..

2024-07-27 22:22

Tanleechoo

Clear some 1.38…

2024-09-03 18:12

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