GENTING PLANTATIONS BERHAD
KLSE (MYR): GENP (2291)
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Last Price
6.01
Today's Change
-0.02 (0.33%)
Day's Change
6.00 - 6.05
Trading Volume
98,100
Financial
Market Cap
Market Cap
5,393 Million
NOSH
897 Million
Latest Quarter
Latest Quarter
31-Dec-2023 [#4]
Announcement Date
28-Feb-2024
Next Quarter
31-Mar-2024
Est. Ann. Date
24-May-2024
Est. Ann. Due Date
30-May-2024
QoQ | YoY
-21.52% | 13.13%
T4Q Result
Revenue | NP to SH
2,966,451.000 | 253,486.000
RPS | P/RPS
330.58 Cent | 1.82
EPS | P/E | EY
28.25 Cent | 21.28 | 4.70%
DPS | DY | Payout %
21.00 Cent | 3.49% | 74.33%
NAPS | P/NAPS
5.95 | 1.01
QoQ | YoY
2.98% | -46.23%
NP Margin | ROE
8.96% | 4.75%
F.Y. | Ann. Date
31-Dec-2023 | 28-Feb-2024
Latest Audited Result
Latest Audited Result
31-Dec-2023
Announcement Date
19-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
19-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Annual (Unaudited)
Revenue | NP to SH
2,966,451.000 | 253,486.000
RPS | P/RPS
330.58 Cent | 1.82
EPS | P/E | EY
28.25 Cent | 21.28 | 4.70%
DPS | DY | Payout %
21.00 Cent | 3.49% | 74.33%
NAPS | P/NAPS
5.95 | 1.01
YoY
-46.23%
NP Margin | ROE
8.96% | 4.75%
F.Y. | Ann. Date
31-Dec-2023 | 28-Feb-2024
Annualized Result
Revenue | NP to SH
2,966,451.000 | 253,486.000
RPS | P/RPS
330.58 Cent | 1.82
EPS | P/E | EY
28.25 Cent | 21.28 | 4.70%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-0.09% | -46.23%
NP Margin | ROE
8.96% | 4.75%
F.Y. | Ann. Date
31-Dec-2023 | 28-Feb-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Dividend Years | 2 / 4 | 50.00% | 4 / 8 | 50.00% |
| Continuous Quarters Of Dividend | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 1.19% | 1.72% | ||
| Average Net Profit Margin | 8.84% | 12.09% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Profit Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | 6.05% | 6.44% | ||
| Average Net Profit Margin | 10.99% | 14.01% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 2,966,451 | 2,966,451 | 2,966,451 | 2,225,607 | 2,810,194 |
| NP to SH | 253,486 | 253,486 | 253,486 | 296,137 | 310,711 |
| Dividend | 188,406 | 188,404 | 188,404 | 166,345 | 213,531 |
| Adjusted EPS | 28.25 | 28.25 | 28.25 | 33.00 | 34.63 |
| Adjusted DPS | 21.00 | 21.00 | 21.00 | 18.54 | 23.80 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 3.18% | 1.17% | -7.00% | 7.93% | 4.02% |
| NP to Owner | -21.52% | 13.13% | -46.23% | -0.28% | -30.26% |
| Dividend | 0.00% | -31.58% | -38.24% | 147.62% | 89.09% |
| Adjusted EPS | -21.52% | 13.13% | -46.23% | -0.28% | -30.26% |
| Adjusted DPS | 0.00% | -31.58% | -38.24% | 147.62% | 89.09% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00% | 5.56% | 33.29% | 0.00% | 5.56% | 33.29% | -7.00% | 5.56% | 33.29% |
| NP to Owner | 0.00% | -18.42% | -14.40% | 0.00% | -18.42% | -14.40% | -46.23% | -18.42% | -14.40% |
| Dividend | 0.00% | -11.77% | 13.26% | 0.00% | -11.77% | 13.26% | -38.24% | -11.77% | 13.26% |
| Adjusted EPS | 0.00% | -18.42% | -14.40% | 0.00% | -18.42% | -14.40% | -46.23% | -18.42% | -14.40% |
| Adjusted DPS | 0.00% | -11.77% | 13.26% | 0.00% | -11.77% | 13.26% | -38.24% | -11.77% | 13.26% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
3 people like this. Showing 50 of 675 comments
PH government won both by-elections in Johor! Johor theme play initiating again! Remember GenP Kulai and Batu Pahat Palm oil Mills, GenP Johor Premium Outlet! Cheers!
2023-09-09 21:49
Fabien _the efficient capital allocator
Very interesting discovery by the Maybank IB team.
16,908 ha freehold land worth more than its mkt cap
GENP is one of the largest freehold land owner in Peninsular Malaysia (PM)
with 16,908 ha, with 61% located in Johor, 18% in Malacca & Negeri
Sembilan, 18% in Kedah & Perak, and 3% in Selangor (ie. Sepang). GENP
continues to carry these valuable assets at their book values. As these
lands were amassed progressively since 1981, and strategically located on
highly populated areas of the west coast of PM, we estimate these freehold
land to be worth MYR7.25b or 1.5x GENP’s current market cap.
Its 10,397 ha Johor land is worth MYR5,656m
GENP has remaining 10,397 ha of freehold land in Johor, of which 2,555 ha
(or 6,311 acres) are located in the Iskandar region, making GENP one of
the largest landowner in Iskandar. GENP has two active township projects
in Johor - at Kulai and Batu Pahat. Since the 1990s, GENP has been
monetising some of its prime estate land via property developments.
Its freehold landbank offers good inflationary hedge
GENP has focused on aggressively growing its oil palm planted area from
48,710 ha in 2003 to 138,301 ha in 2022, translating to a CAGR of 5.4%. As
land values in Malaysia appreciate, most of GENP’s oil palm expansion over
the last two decades shifted to Indonesia. Naturally, the oil palm division
is the larger profit contributor, accounting for 67%-95% of its yearly group
core PBIT over the past 10 years, with the balance contributed by the
property division. In the past, the property division has helped to weather
the earnings of the group during periods of low oil palm profits.
2023-10-30 20:22
Congrats my fellow comrades for buying GenP at extremely low price and r laughing to the bank! Cheers!
2023-11-03 09:55
Maybank upgraded GENP to a "buy" by the way
...
Its major shareholders are parent company Genting Bhd (55.4%), Employees Provident Fund (12.6%) and Kumpulan Wang Persaraan (7.5%)
2023-11-14 15:18
From a fundamental perspective, the ROE of Genting Planation falls below that of my reference Bursa Plantation company – KLK. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html
I would even rate Genting Plantation performance as no better than that of BPlant.
https://i.postimg.cc/J0xkmVPL/Genting-Plantation.png
The interesting think for the punters is that the share price of ROE of Genting Plantation is moving in the opposite direction of the improvement in the ROE. If you believe in the Efficient Market Hypothesis, you would expect the share price to eventually reflect the business performance. Is this a counter to speculate?
2023-11-18 08:31
Calculated ROE 15+% from the latest QR! Expecting GenP to go back to NTA and above!
2023-11-23 14:31
Congrats comrades for following me to buy dirt cheap low price below 5.20! Cheers!
2023-12-07 11:17
Be informed that I wil be taking profit slowly… Merry Christmas, my comrades! Cheers!
2023-12-19 16:25
Fabien _the efficient capital allocator
Johor theme in play. GENP is a laggard. They have more than 10,000 hectare of freehold land in Johor (Batu Pahat, Kulai, Air Itam, Simpang Renggam).
2024-01-03 17:00
Congrats my comrades! I hv sold 90%, keeping 10% and let profit runs… haha..
2024-01-11 17:35
dompeilee
Averaged down on the 100 GenP shrs I bought to collect AGM gifts in 2017...@ $5.42
2023-09-01 10:42
🤗🤗🤗
2024-01-11 19:44
Fabien _the efficient capital allocator
2018: EPS 20.5 sen (SPr: 9.06 to 10.72)
2019: EPS 16.6 sen (SPr: 9.36 to 10.80)
2020: EPS 28.4 sen (SPr: 8.50 to 10.80)
2021: EPS 48.2 sen (SPr: 6.46 to 9.93)
2022: EPS 52.5 sen (SPr: 5.55 to 9.58)
Pre-covid, GENP trades at RM9 to RM10+
Last 2 years, GENP record profit, however valuation multiple was much lower due to high interest rate environment. As rates are anticipated to moderate lower, expect PE multiple re-rating.
2024-01-14 18:58
Fabien _the efficient capital allocator
Their sizeable landbank is valued at more than RM5billion.
2024-01-16 10:56
Fabien _the efficient capital allocator
Despite market weakness this week, GENP is holding up well.
2024-01-17 20:58
Fabien _the efficient capital allocator
welcome @hng33
you are here means we can further ride the upside. what's your trading plan?
2024-01-23 00:02
Ouch ... India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says at KL conference
https://theedgemalaysia.com/node/703328
1 month ago
https://www.nst.com.my/business/insight/2024/03/1023959/higher-export-revenue-%C2%A0oil-palm-sector-year
That's why EPF was collecting it recently 🙂
1 month ago
Bullish outlook seen for Malaysian crude palm oil futures
https://www.businesstimes.com.sg/companies-markets/bullish-outlook-seen-malaysian-crude-palm-oil-futures
2 weeks ago
Genting Plantations expects demand for palm products to advance in 2024
https://www.thestar.com.my/business/business-news/2024/04/19/genting-plantations-expects-demand-for-palm-products-to-advance-in-2024
2 days ago
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James_Bond
Bought 5.18! Haha… TQVM. Cheers!
2023-09-08 15:31