RIVERVIEW RUBBER ESTATES BHD

KLSE (MYR): RVIEW (2542)

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Last Price

3.70

Today's Change

0.00 (0.00%)

Day's Change

3.70 - 3.70

Trading Volume

1,000

Financial
Market Cap

Market Cap

240 Million

NOSH

65 Million

Latest Quarter

Latest Quarter

30-Sep-2022 [#3]

Announcement Date

29-Nov-2022

Next Quarter

31-Dec-2022

Est. Ann. Date

25-Feb-2023

Est. Ann. Due Date

01-Mar-2023

QoQ | YoY

-48.62% | -13.60%

T4Q Result

Revenue | NP to SH

58,243.000 | 22,426.000

RPS | P/RPS

89.81 Cent | 4.12

EPS | P/E | EY

34.58 Cent | 10.70 | 9.35%

DPS | DY | Payout %

20.20 Cent | 5.46% | 58.41%

NAPS | P/NAPS

5.87 | 0.63

QoQ | YoY

-2.33% | 21.93%

NP Margin | ROE

40.05% | 5.89%

F.Y. | Ann. Date

30-Sep-2022 | 29-Nov-2022

Latest Audited Result

Latest Audited Result

31-Dec-2021

Announcement Date

29-Apr-2022

Next Audited Result

31-Dec-2022

Est. Ann. Date

29-Apr-2023

Est. Ann. Due Date

29-Jun-2023

Annual (Unaudited)

Revenue | NP to SH

55,960.000 | 22,672.000

RPS | P/RPS

86.29 Cent | 4.29

EPS | P/E | EY

34.96 Cent | 10.58 | 9.45%

DPS | DY | Payout %

0.24 Cent | 0.06% | 0.69%

NAPS | P/NAPS

5.83 | 0.63

YoY

109.11%

NP Margin | ROE

42.02% | 6.00%

F.Y. | Ann. Date

31-Dec-2021 | 25-Feb-2022

Annualized Result

Revenue | NP to SH

59,350.666 | 19,573.333

RPS | P/RPS

91.52 Cent | 4.04

EPS | P/E | EY

30.19 Cent | 12.26 | 8.16%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

-13.25% | -1.65%

NP Margin | ROE

33.90% | 5.14%

F.Y. | Ann. Date

30-Sep-2022 | 29-Nov-2022

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
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 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 1.48% 1.56%
Average Net Profit Margin 40.10% 37.16%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 2 / 5 40.00% 2 / 10 20.00%
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 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Adjusted EPS Growth 2 / 5 40.00% 2 / 10 20.00%
Total Dividend Years 5 / 5 100.00% 9 / 10 90.00%
Continuous Quarters Of Dividend 5 / 5 100.00% 7 / 10 70.00%
Continuous Quarters Of Dividend Growth 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Adjusted Dps Growth 2 / 5 40.00% 2 / 10 20.00%
Average ROE 3.73% 3.76%
Average Net Profit Margin 25.87% 33.92%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 58,243 59,350 55,960 33,678 38,012
NP to SH 22,426 19,573 22,672 11,199 11,322
Dividend 13,099 17,293 155 4,507 2,391
Adjusted EPS 34.58 30.19 34.96 17.27 17.46
Adjusted DPS 20.20 26.67 0.24 6.95 3.69

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 -32.42% -20.22% 5.41% -21.82% -17.15%
NP to Owner -48.62% -13.60% -1.65% -39.37% -33.38%
Dividend 0.00% 0.00% 400.00% 0.00% 0.00%
Adjusted EPS -48.63% -13.67% -1.65% -39.39% -33.40%
Adjusted DPS 0.00% 0.00% 400.00% 0.00% 0.00%

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 4.08% 53.22% 72.94% 6.06% 56.14% 76.23% 53.41% 47.22% 66.16%
NP to Owner -1.09% 98.07% 100.24% -13.67% 72.88% 74.77% 109.11% 100.24% 102.44%
Dividend 8,316.67% 447.72% 190.65% 11,011.12% 623.07% 283.69% 118.18% -93.49% -96.55%
Adjusted EPS -1.09% 98.05% 100.23% -13.64% 72.91% 74.81% 109.09% 100.23% 102.43%
Adjusted DPS 8,316.67% 447.72% 190.65% 11,012.50% 623.16% 283.74% 118.18% -93.49% -96.55%

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
Be the first to like this. Showing 18 of 18 comments

cariyoyo

the price has gone up suddenly. it has been laggard for a long time. anyone?

2013-04-10 12:16

arv18

This is very solid counter. Good dividend. Zero Gearing. Just no profile. Low liquidity.

2013-04-12 19:23

cariyoyo

revenue dropped sharply due to weakening cpo prices. unless the company expands its planted hectarage, i do not see great value in this company. or perhaps certain group might be interested in taking it private or buy the huntsman family out. anything short of these, rview will be dull and mundane.

2013-04-29 10:08

balvin71

Completely agree. They need to go back to expansion mode and diversify into other commodity or into processing. In the medium term, their trees are reaching end-of life and would soon need to be replanted. This will cause a drop in revenue until the new tree matures, the dividend yields during this time will also be effected.

2013-05-21 08:49

dlsh2

i concur with the views given by cariyoyo and balvin71. most top 30 shareholders of rview are old folks who might have been holding the shares for 30 to 40 years. they are not interested to sell but to pass on to their children and grandchildre. these old folks are expecting dividends every july and january for their beer monies. the price will drop if rview could not sustain the 20% dividend payout. rview is a small outfit and they should find ways to expand its planted areas. but again, i doubt they have a visionary management.

2013-06-03 09:49

mukah

There are rumors swirling around that a prominent family based in Ipoh are interested to take up a sizeable stake in Riverview if the price are right.

2015-04-07 12:07

mukah

The company has ceased giving out dividends for the last two quarters. The reason given to shareholders was that they need to conserve the cash for future expansions or when opportunity comes along the way. Riverview has purchased the balance shares owned by a Bumiputera partner in Narborough. They could not pay dividend as a result. However, they should have offered the Bumiputera partner part Riverview shares and cash or completely with Riverview shares. Maybe the Bumi partner turned down both offers and prefer cash. My question is how can the shareholders benefit from Narb when they do not get any dividend from the increased profit?

Guess this is not the counter to be in as dividends will dwindle going forward.

2015-06-01 09:04

Meowyx

o.o

2017-04-04 15:56

Surewin123

gap up tue

2017-04-30 14:34

Rizal Nashrudin

up

2018-06-17 14:43

Chrisk

Appear some interest here. Any possibility of some restructuring?

2018-08-02 18:19

cariyoyo

Chrisk, Riverview is held by the Huntsman family. After the death of Williams Huntsman, the family (inclusive of extended families) brought in a new regime headed by Oliver Huntsman. The new regime was inspired by the new chairman, an ex-planter, who came up with expansion ideas, so on and so forth. However, after 5 years into it, I noticed nothing has taken place vis-à-vis the old regime. Unless one has no other counter to invest, they can look at Riverview.

2018-09-12 15:12

Lim Tek Wai

Good news incoming, oh yeah !

2018-09-14 11:26

Chrisk

Thank you cariyoyo. Best rgds.

2018-09-14 12:05

LouiseS

RIVERVIEW's main business segments include oil palm plantations and investment holdings.

Its earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from 1.34 sen to 26.83sen. Dividend payout in the 2018 financial year totalled 6 sen per share, which corresponds to a dividend yield of 2.03%.

https://louisesinvesting.blogspot.com/2019/12/comments-on-riverview-rubber-estates.html

2019-12-28 12:07

patrico8

This is an undiscovered gem. NOSH 64 mil only. It will follow DKSH momentum with good earnings.

2021-09-01 11:26

calvintaneng

Taann also excellent as it gave 30 sen dividend and final qtr will probably give another superb dividend to make it the best ever

2021-12-07 09:39

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