KLSE (MYR): RSAWIT (5113)
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Last Price
0.23
Today's Change
+0.01 (4.55%)
Day's Change
0.22 - 0.23
Trading Volume
1,936,600
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Haha as Calvin expected, our Turnaround Plantation has shown her report card. Mabel's latest hardworking farmer, *RSAWIT Reports FY24Q3 Attributable Profit of RM32.68 Million, Up 558.1% YoY. This is the 2nd consecutive quarterly profit reported by Raya*.
*Here are the full Mabel's Beautiful Farmers report card*..
Raya RSAWIT (Rimbunan Sawit Berhad)
Revenue: RM146.9 million, up 3.9% YoY.
Net Profit: RM32.68 million, up 558.1% YoY.
EPS: 1.6 sen.
Simone SD Guthrie Berhad (SDG)
Revenue: RM5.3 billion, up 10% YoY.
Net Profit: RM361 million, up 4% YoY.
EPS: 27 sen.
Iona IOI Corporation (IOICorp)
Revenue: RM2.54 billion, up 30.19% YoY.
Net Profit: RM346.9 million, a ninefold increase YoY.
EPS: 5.59 sen.
Klara Kuala Lumpur Kepong Berhad (KLK)
Revenue: RM5.5 billion, up 7.6% YoY.
Net Profit: RM269.87 million, down 8.8% YoY.
EPS: 21.9 sen.
Una United Plantations
Revenue: RM547.7 million, up 1.4% YoY.
Net Profit: RM215.8 million, down 8.8% YoY.
EPS: 51.84 sen.
Each farmer has shown varied performance, with some experiencing significant growth in revenue and net profit, while others have faced small declines. This reflects the diverse challenges and opportunities within the plantation sector. However, all of them are profitable and can manage them selves pretty well..
To Our Success !
Mabel, the FarMeow
1 month ago
https://www.youtube.com/watch?v=AcqBzNP_c4w
Raya has been pushing to be No 1 and she delivers by giving Mabel a 558.1% Earning YoY.
Raya trim glass figure paint a promising picture…
Earnings Growth: With an average annual earnings growth rate of 61.3%, Rimbunan Sawit Berhad is significantly outperforming the broader food industry, which has a growth rate of 21.9%. This indicates strong profitability and efficient management.
To Our Success !
Mabel, the FarMeow
1 month ago
If you can lauwa about RSawit latest QR,
Then i have to congratulation to your the blind-empty mind..
1 month ago
One Man's Poison is another woman's meat...
You can always go for other plantations...
United Plantation gives Fantastic Dividends while Sime Darby is very Promising and so are IOI and KLK...
Rsawit is potential Capital Gain...
Meow
1 month ago
Key information
82.6% - Debt to equity ratio
RM 293.30m - Debt
Cash RM 72.72m
Equity RM 355.04m
Total liabilities RM 583.95m
Total assets RM 938.99m
Let's break down the key financial metrics for RSAWIT:
Debt to Equity Ratio
82.6%: This ratio indicates that RSAWIT has RM0.826 of debt for every RM1 of equity. A debt-to-equity ratio below 1 is generally considered healthy, but it varies by industry. For RSAWIT, this ratio suggests a moderate level of debt relative to equity.
Debt
RM 293.30 million: This is the total amount of debt RSAWIT has. It's important to compare this with the company's ability to generate cash flow and profits to service this debt.
Cash
RM 72.72 million: This is the amount of cash RSAWIT has on hand. It's a good indicator of liquidity and the company's ability to cover short-term obligations.
Equity
RM 355.04 million: This represents the shareholders' equity in the company. It's the net value of the company after all liabilities are subtracted from total assets.
Total Liabilities
RM 583.95 million: This is the total amount of liabilities RSAWIT has. It includes both short-term and long-term obligations.
Total Assets
RM 938.99 million: This is the total value of all assets owned by RSAWIT. It includes cash, receivables, inventory, property, and equipment.
Conclusion
Overall, RSAWIT's financial health appears to be moderate. The debt-to-equity ratio is within a reasonable range, and the company has a substantial amount of cash and assets.
1 month ago
SAWIT's short term assets (MYR253.7M) exceed its long term liabilities (MYR195.1M).
1 month ago
RSAWIT's debt to equity ratio has reduced from 117.9% to 82.6% over the past 5 years.
RSAWIT's debt is well covered by operating cash flow (56.3%).
1 month ago
Third quarter 2024 earnings released: EPS: RM0.016 (vs RM0.002 in 3Q 2023)
Rimbunan Sawit Berhad Third quarter 2024 results:
EPS: RM0.016 (up from RM0.002 in 3Q 2023).
Revenue: RM146.9m (up 3.9% from 3Q 2023).
Net income: RM32.7m (up RM27.7m from 3Q 2023).
Profit margin: 22% (up from 3.5% in 3Q 2023).
Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Let's compare the data for Simone SD Guthrie Berhad (SDG): the World Biggest Plantation by Acreage.
Earnings Per Share (EPS) Growth: SDG's earnings have grown by an average of 19.1% per year over the past 5 years.
Share Price Growth: Over the past 5 years, SDG's share price has experienced a compound annual growth rate (CAGR) of -0.08%.
This comparison shows that while SDG has had strong earnings growth, its share price has not kept pace, similar to the situation with Raya. Now you know why Mabel add Raya into her list of Farmers.
Meow
1 month ago
good results because of Other income (most likely Sales of Land), gross profit only 5 mn vs Previous corresponding Qtr-2023 of 20.3 mn...... means NG ??
1 month ago
RIMBUNAN SAWIT (5113) PALM OIL JEWEL: ITS DEEP VALUE ASSETS RIPE FOR SALE: ITS OPERATING PROFITS IMPROVING, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-26-story-h474819095-RIMBUNAN_SAWIT_5113_PALM_OIL_JEWEL_ITS_DEEP_VALUE_ASSETS_RIPE_FOR_SALE_I
1 month ago
Thank you Calvin. Always love reading your research...
KUALA LUMPUR (Nov 25): Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.
More companies under coverage underperformed than outperformed expectations. Out of the 10 consumer companies that have reported 3Q results, 70% fell below expectations amid poor sales due to weak consumer sentiment and boycott activities, as well as margin compression in specific cases. In particular, exporters or companies with exposure to foreign earnings reported currency losses due to the sharp rise of the ringgit against the US dollar during the quarter. These results could pose downside risks to our KLCI earnings forecasts.
The plantation sector, however, bucked the trend thanks to strong crude palm oil prices driven by supply shortfalls, the research house added.
https://theedgemalaysia.com/node/735193
1 month ago
RSAWIT 172,500 ACRES
TWO TIMES LAND AREAS OF PENANG ISLAND 72,900 ACRES
The ASEAN Century Southeast Asia on the rise 1) Malaysia. 2 to 5: the Philippines, Thailand, Indonesia, and Vietnam.
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-12-02-story-h475645343-The_ASEAN_Century_Southeast_Asia_on_the_rise_1_Malaysia_2_to_5_the_Phili
1 month ago
Cpo high, they still can’t make money from operation . How can share go up ?
1 month ago
For Rsawit the investment focus is not on High Cpo price alone
Rsawit is an asset rich palm oil company like Bplant, Kulim, Tmakmur or Kwantas
As such with vast lands of 150,000 acres or more than two times Penang Island land size
With Abang Jo very pro-active handson management of Sarawak there is a game changer for all big land owners like Rsawit
And these lands located near centers of growth like
Kuching
Sibu
Miri
Are real for conversion to
Data center
Solar farm
New Townships
Industrial park
Others
And best of all is
Rsawit bought these assets long ago and still listed at old book value as low as 5 sen psf
Last time we recommended Karambunai at 55 sen
It was later taken private at 11 sen for 100% gain
Karambunai only got 4 pieces of lands and today in Malaysia Valley lands in Seremban are in great demand
So one day all of Rsawit's lands will be in great demand as well
4 weeks ago
Meanwhile, Rimbunan Sawit is also expected to incur a loss of RM2.59mil from the disposal.
Rimbunan Sawit will be selling its 6.25% equity interest in BEO for RM2.41mil to TTSH
The proposed disposal is expected to be completed by next March.
Rimbunan Sawit said the proceeds from the disposal will be used as working capital for its oil palm estates within 12 months after completion of sale.
Post-acquisition of the 13.75% stake from Subur Tiasa and Rimbunan Sawit, BEO will come under full control of Hiew King’s Rimbunan Hijau (Sarawak) Sdn Bhd which owns the remaining 86.25%.
3 weeks ago
Calvin Dear. What do you think of this news from Nepo?
The acquisition of a 13.75% stake in Borneo Edible Oils Sdn Bhd by Tan Sri Tiong Hiew King from Subur Tiasa Holdings Bhd and Rimbunan Sawit Bhd (RSawit) could be seen as a mixed development for RSawit investors. Borneo Edible Oils Sdn Bhd (BEO) is related to Rimbunan Sawit Bhd (RSawit). RSawit previously held a 6.25% equity interest in BEO, which it recently sold to Tiong Toh Siong Holdings Sdn Bhd (TTSH), a company linked to Tan Sri Tiong Hiew King. This sale is part of RSawit's strategy to exit non-core investments and focus on its core business of oil palm cultivation and processing
Positive Aspects:
Strategic Focus: The sale aligns with RSawit's strategy to exit non-core investments and focus resources more effectively on its core business of oil palm estates.
Working Capital: The proceeds from the sale will be used as working capital for RSawit's oil palm estates, which could enhance operational efficiency and profitability.
Negative Aspects:
Loss on Sale: RSawit is expected to incur a loss of RM2.59 million from the disposal.
Reduced Stake: The sale reduces RSawit's stake in Borneo Edible Oils, potentially limiting future gains from this investment.
Overall, while the move could strengthen RSawit's core operations, the immediate financial impact and reduced stake in Borneo Edible Oils. Should this be a concern for us?
Loves to hear from you...
Meow
3 weeks ago
Just like Nissan and Honda Potential Merger, Raya also make another moves to focus and strengthen RSawit's core operations, the immediate financial impact and reduced stake in Borneo Edible Oils might be a concern for some investors. Fortunately, there is no drop in Rsawit share price. It hold at 24.5 sen per share today.
3 weeks ago
Mabel
I think Rsawit is concentrating on its 147,000 Acres of Palm oil Plus its Access Roads
There is a high possibility that Rsawit is preparing to sell these lands and convert them to
1) DATA CENTER
2) SOLAR FARM
3) INDUSTRIAL PARK
4) NEW TOWNSHIP
Management is now SO PRO-ACTIVE
3 weeks ago
That is Rm3.56 cash per share
That is why MD of Rsawit plus Director of Crescendo both invested heavily into Rsawit
3 weeks ago
I checked annual report. Many properties have not much of lease life left. I saw big ones ending in around 2060. When looking at other companies in CPO business, leases seemed longer. Here is an example:
Lot 1 Blk 7,Sawai Land District Leasehold 2058
7,491 Ha Oil Palm
Lot 64, Sawai Land District 44,374 Provisional Leasehold 2087
Lot 93 Sawai Land District Provisional Leasehold 2059
3 weeks ago
Thank you, Robert!
KLK has leasehold lands that extend well beyond 2060. For instance, some of their leasehold lands are valid until 2099, providing them with a longer operational horizon compared to some of the properties held by Rimbunan Sawit Berhad (RSawit).
3 weeks ago
Rsawit landlease very ok
Jtiasa don't even own more than 50% of their lands as they are "Rented"
As for KLK it bought those lands from ijm plant in Indonesia all with less than 35 year lease
Since Govt of Malaysia & Indonesia allow all Palm oil land lease to be renewable and extended Rsawit will do fine
Plus unlike Jtiasa & Taann which got Timber lands
ALL THE LANDS OF RSAWIT ARE UNDER SAWIT (PALM OIL)
AND ALL CONVERTIBLE
TO
DATA CENTER
SOLAR FARM
INDUSTRIAL PARK
NEW TOWNSHIP
TIMBER LANDS NOT ALLOWED FOR ANY CONVERSION
WITH TRUMP IMPOSING 60% ON CHINA YOU CAN BE SURE CHINA PEOPLE WILL RUSH TO SET UP FACTORIES IN SARAWAK
ALL LANDS IN SARAWAK EXPECTED TO RISE
And Rsawit lands compared to KLK lands are Very Cheap
Rsawit land cost as low as Rm3.5K per acre (less than 10 sen psf)
KLK Lands over Rm10K to Rm30K per acre are expensive
BY ALL YARDSTICKS RSAWIT HAS MORE VALUE THAN KLK
3 weeks ago
fantastic news for Rsawit
Abang Jo want to see Rm100 billions investment in Kuching
very best benefit for Rsawit as it got lands near Kuching only less than 10 sen per SQ feet book value
https://www.theborneopost.com/2024/12/24/major-strategic-projects-to-propel-sarawak-as-new-asian-economic-force-says-premier/
3 weeks ago
30 year remaining lease is not so bad. One can plant new trees and then at the end of their life sell property to someone who has ability to renew the lease or / and change use. Unfortunately, I see many properties that are owned in part only, with someone not specified having part ownership. It will be difficult to reach agreement to sell the property with 3 parties involved. Only about half are fully owned. 60% ownership common. Here are the examples:
60% | PJP Pelita Ekang-Banyok Plantation Sdn Bhd
60% | PJP Pelita Lundu Plantation Sdn Bhd
60% | PJP Pelita Selangau Plantation Sdn Bhd
60% | PJP Pelita Ulu Teru Plantation Sdn Bhd
Also, I do NOT see the connection between Trump becoming president and chinese buying land in Malaysia. One could say the opposite. Because of tariffs, they may want to stay in China and not expand their business overseas.
2 weeks ago
Despite our local analyst remain “neutral” siting on the fence for 2025 while others are giving an “outperform”. Plantation companies in Nusantara performed well as the market closed on December 31st due to several factors:
High Crude Palm Oil (CPO) Prices: The prices of crude palm oil have been climbing, which positively impacts the revenue and profitability of plantation companies.
Tight Supply: There has been a reduction in Malaysia's palm oil inventory, leading to concerns about tight supplies.
Strong Demand: There is strong buying ahead of upcoming festive seasons, which has kept CPO prices high.
Biodiesel Mandate: Indonesia's plan to implement biodiesel containing a mandatory 40% blend of palm oil-based fuel (B40) from January has also contributed to the bullish sentiment in plantation stocks.
1 week ago
$GAMUDA (5398.MY)$ is set to acquire four freehold agricultural plots totaling 389 acres in Port Dickson, Negeri Sembilan, from West Synergy Sdn Bhd for a sum of RM424.4 million
1 week ago
AI's Growing Energy Demands Drive Infrastructure Needs The increasing power requirements of artificial intelligence are creating significant demands on energy infrastructure.
A single NVIDIA AI chip reportedly uses as much electricity as a Tesla vehicle, with NVIDIA selling approximately 8 million chips annually.
This massive energy demand is driving interest in various power generation methods, from nuclear to natural gas.
For those who does not believe in Rsawit, cum and join us at YTL Power..
Beyond the construction sector, four other industries outpaced the FBMKLCI’s 12.90% gain, showcasing robust growth and investor interest. Here’s a closer look at one of the top-performing sectors:
Utilities: A Surge of 34.48%
The Bursa Utilities Index posted an impressive return of 34.48% in 2024, driven by rising demand for renewable energy and power generation projects. The government’s push for clean energy initiatives and the transition towards a greener economy played a crucial role in boosting this sector. Companies involved in solar, wind, and hydropower projects saw significant capital inflows as investors aligned their portfolios with Environmental, Social, and Governance (ESG) principles.
YTLPOWER's stock price increased by 73.33% in 2024.
TENAGA's stock price increased by 49.40% in 2024.
YTL's stock price increased by 42.02% in 2024.
Meow Meow Meow
1 week ago
Sometime I wonder Why can't our analysts think like him?
https://news.mongabay.com/2025/01/indonesian-president-says-palm-oil-expansion-wont-deforest-because-oil-palms-have-leaves/
1 week ago
Robert
by all means go ahead and do
your research
it will be a good thing to see Rsawit to the very bottom and dig out all the details
1 week ago
I researched RSB more thouroughly. Everyone should do own homework. My findings (cleaned up):
The sale of two properties, Selangor and Jayamax was at a capital loss. After many years holding estates company could not even recover land costs.
The plantations were losing money despite being planted with young or top producing palms. No old, mature palms that need to be replanted at high cost. A lot of money invested. Reason for loses given: lack of foreign workforce.
The property will have to be used by the buyer as plantation. Idle parcels must be planted by new buyer. It is NOT possible to convert the property to data centre, housing development, etc.
One director abstained from this initiative. He thought the price obtained was too low.
There was some creative accounting with the book value, so sale at a capital loss generated a ONE TIME ONLY earning against this low book value.
RSB is looking for other properties. They do NOT plan to sell their land and make tons of money for shareholders by means of land speculation.
I am going to write more about RSB situation. This company is a potential BUY, but causes of low price have to be clearly understood to see when upward move is possible. Turnaround is the key.
1 week ago
Here are some of Swift Energy Technology Berhad's (SETB) peers:
PETDAG, BLDPLNT, DLADY, ALLIANZ, SUNCON, PCHEM, GCB, ABMB, KESM, and BKAWAN.
1 week ago
Thanks Calvin. I am new to Palm Oil Sector. Residing in Singapore, I read your comments about this industry, and you got me informed more than anyone. My initial investment was Bumitama (you speak highly of when anylyzing other bargains, on the margin, but I picked it up) along with Golden Agri and First Resources. Now I am focusing on Malaysia Stocks and will do my best to indentify a few bargains. This one is promissing because of deficiencies that are so glaring, but once fixed could propel us much higher. I will post about the biggest drawback that can be fixed easily in my next post.
1 week ago
...all 3 are good. Why not add Wilmar to the above list ?
Wilmar International is a significant player in the agribusiness sector, with a strong presence in India. The company has been leveraging its core edible oil business to expand into the fast-moving consumer goods (FMCG) sector.
Wilmar's joint venture with the Adani Group, Adani Wilmar Ltd (AWL), has been a key part of its operations in India. AWL is India's largest edible oil company and has been expanding its FMCG portfolio, which includes products like wheat flour, rice, pulses, and sugar. The company has a robust distribution network that reaches millions of outlets across India.
Recently, Wilmar announced plans to acquire Adani's stake in AWL, making it a wholly-owned subsidiary. This acquisition is expected to strengthen Wilmar's position in the Indian market and allow it to introduce more global FMCG brands into the country. The deal is valued at over $2 billion and will see Wilmar buying Adani's 31.06% stake in AWL.
Given Wilmar's strong market presence and strategic expansion plans, it could be a valuable addition to your investment list.
1 week ago
I passed on Wilmar because the CEO was taking 10 mln SGD a year ago. All my investment and that of 1000 of others would just go into his salary. Then, upon reading, I learnt that Wilmar invested heavily in Bumitama Agri. Why not buy it outright without his 'assistance.' As far as I remember, bumitama boss who lived and worked locally was only taking about 100k, or 100 times less. And what a good decision it is with wilmar constantly loosing market cap over last 4 years or so. Better take RBS.
BTW Is Adani not the group involved in bribery ?
___________________________________
The Adani Group is involved in a number of scandals, including bribery and fraud allegations, improper business management, and tax haven use:
In November 2024, Gautam Adani, his nephew Sagar Adani, and six others were indicted in the US for their alleged roles in a bribery and fraud scheme. The scheme involved paying Indian government officials about $265 million in bribes to secure contracts for India's largest solar power plant project. The Adanis also allegedly raised more than $3 billion in loans and bonds by hiding their corruption from investors and lenders.
Improper business management
In 2023, Hindenburg Research released a report accusing the Adani Group of improper business management and tax haven use. The Adani Group denied the allegations, but the US indictment suggests prosecutors have evidence to the contrary.
The Adani Group denied allegations that Swiss officials froze $310 million of its funds. The group said that it had not been involved in any Swiss court proceedings and that no authority had frozen its accounts.
Power supply contract in Bangladesh
The interim government of Bangladesh is reportedly reviewing its power supply contract with the Adani Group to check the prices it's paying for electricity.
Sri Lankan port development
A US development agency is reviewing the impact of the bribery allegations on its agreement to lend more than $550 million to a Sri Lankan port development backed by the Adani Group.
Total Energies pauses investments into Adani Group on ...
25 Nov 2024 — Shares of Adani Green Energy plunged by more than 11 percent on Monday after the TotalEnergies statement before recover...
1 week ago
Yes, it's true. Wilmar International's CEO, Kuok Khoon Hong, received a total compensation of approximately SGD 10.14 million a year ago. This compensation includes his salary, bonuses, and other benefits.
Wilmar has been active in share buybacks. In 2022, the company spent SGD 277.6 million buying back its shares. Additionally, Kuok Khoon Hong himself has been purchasing Wilmar shares in the open market. For instance, in 2023, his entities bought shares worth SGD 32.4 million. These actions can be seen as a sign of confidence in the company's future prospects.
The exit of Adani Enterprises from the Adani Wilmar joint venture (JV) in India could be seen as positive news for Wilmar International. With Adani Enterprises selling its 44% stake, Wilmar International will have greater control over Adani Wilmar Ltd (AWL). This increased control can lead to more streamlined decision-making and strategic direction.
The transaction is expected to raise over $2 billion for Adani Enterprises, which can be seen as a positive move to bolster Wilmar financial position. Following the announcement of Adani Enterprises' exit from the joint venture, Wilmar International's shares experienced some volatility. Initially, the news caused a slight dip in Wilmar's share price due to market uncertainty. However, the shares have since shown signs of recovery as investors recognized the potential benefits of Wilmar gaining full control over Adani Wilmar Ltd (AWL).
1 week ago
I can only buy maximum 10k shares of Wilmar. If I do, all my money, along with that of 1000 of other shareholders will go to pay this crook, Kook. And only for 1 year, he will need more money next year. And where is the money for seeds and paying people who harvest FFB ?
This is definitely NOT an investment for me. 10 mln package - let others pay. I would rather put funds in a plantation that will use it to grow fruit. Could be RSB.
6 days ago
Noted and it's OK Robert.
Mabel just sharing about Wilmar..
Mabel is also going for RSB. It's a small-cap stock with potential for capital gain. It is involved in the cultivation of oil palm and the operation of palm oil mills. The stock has shown some volatility, with a 52-week range of 0.15 to 0.285. Its market capitalization is around 459 million MYR.
The only headwind here is the volatility...
Do share what you find out about our RSB..
Today it already climb 2.22% much better climb that the Big Cap and Our Singapore Plantation in term of %
To Our Success!!!
Meow
6 days ago
US 60% TARIFF ON CHINA: CHINA FDI INTO MALAYSIA & INDONESIA WILL BENEFIT THESE STOCKS, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2025-01-09-story-h497809845-US_60_TARIFF_ON_CHINA_CHINA_FDI_INTO_MALAYSIA_INDONESIA_WILL_BENEFIT_THE
5 days ago
Nepo
Total loan borrowing RM 210,000,000
assume 4.5% interest rate=RM210,000,000*4.5%
interest p.a. = 9,450,000
1 month ago