SARAWAK OIL PALMS BHD

KLSE (MYR): SOP (5126)

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Last Price

2.60

Today's Change

+0.06 (2.36%)

Day's Change

2.54 - 2.62

Trading Volume

361,600

Overview

Market Cap

2,314 Million

NOSH

890 Million

Avg Volume (4 weeks)

368,766

4 Weeks Range

2.49 - 2.66

4 Weeks Price Volatility (%)

64.71%

52 Weeks Range

2.17 - 7.22

52 Weeks Price Volatility (%)

8.51%

Previous Close

2.60

Open

2.54

Bid

2.60 x 3,700

Ask

2.62 x 6,000

Day's Range

2.54 - 2.62

Trading Volume

361,600

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2022 [#3] | 25-Nov-2022

Next QR | Est. Ann. Date

31-Dec-2022 | 24-Feb-2023

T4Q P/E | EY

3.62 | 27.66%

T4Q DY | Payout %

1.53% | 5.52%

T4Q NAPS | P/NAPS

3.65 | 0.71

T4Q NP Margin | ROE

12.08% | 19.70%

Market Buzz
Company Profile

Sector: PLANTATION

Sector: PLANTATION

Subsector: PLANTATION

Subsector: PLANTATION

Description:

Sarawak Oil Palms Bhd is a Malaysia based company engaged in the principal activities of investment holding, cultivation of oil palms, and operations of palm oil mills. The primary businesses of the company are oil palm plantation, milling, refining of oil palm products and trading of oil palm products. The operating segments of the group are Oil palm and Property development. Oil palm segment contributes majorly to the group's revenue. Geographical the company operates in Malaysia and Singapore, of which key revenue is derived from Malaysia.

Discussions
7 people like this. Showing 50 of 3,482 comments

titan3322

CPO prices still very strong but donno the 2023 budget got CMakmur 2.0 or not TNMKH !

2 months ago

casanwk

Next order block 221- 222?

2 months ago

titan3322

Cantik lor yesterday 2.32 pun ade !

1 month ago

The1913Sun

is oil day coming?

1 month ago

The1913Sun

Investors should adopt a profit-taking strategy – given the continued uncertainty on Indonesia’s Domestic Market Obligation (DMO) policy impact, and with the recent change in tax structure which is punishing for companies that want to get an exemption. We downgraded three recommendations during the recent quarter’s reporting season. We maintain our NEUTRAL sector weighting.
The 1Q22 reporting season saw most planters booking results that beat expectations on the leveraged impact of higher CPO prices, with eight stocks above, one in line with, and five below expectations.
Production trends in Malaysia and Indonesia varied in 1Q22, with Malaysia’s output in 1Q22 rising 3.9% YoY, but falling 21% QoQ. For the Malaysian companies under coverage, however, we saw FFB output fall 3.5% YoY. In Indonesia, official numbers reported a CPO output rise of 9.5% YoY in 1Q22 and drop of 7% QoQ. However, we saw a mix of output trends from the companies we cover, with most posting double-digit YoY declines, while others posted flattish or double-digit growth in 1Q22, due to different weather patterns in different areas. Most planters in Malaysia are expecting production to recover further in 2H22, by a mid-to-high single-digit growth. Conversely, in Indonesia, most planters are expecting mid-single-digit growth, due to the high base effect in 2021.
Forward-selling activities picking up for 2H22. Despite average spot CPO prices of c.MYR6,183/tonne in 1Q22, most planters were unable to realise this, due to their exposure to Indonesia and some forward-selling activities. While we saw a less aggressive forward-selling stance in 4Q21, there has been a pick-up in forward-selling activities for the rest of 2022, as planters are nervous about the sustainability of high prices and the impact Indonesian trade policies will have on prices.
Malaysia’s CPO output was flattish (-0.1% YoY) in May, while stocks dropped 7.4% to 1.52m tonnes, due to a 26.7% MoM rise in exports due to the Indonesian export ban. Despite the lifting of this ban at end-May, we believe exports from Malaysia would not fall too significantly in June, given the logistics issues faced in Indonesia currently, as well as the difficulty in obtaining export permits. Stock levels could, therefore, remain low in June, and only pick up from July onwards.
Maintain NEUTRAL on sector, adopt a profit-taking approach. With the lifting of the Indonesia export ban, CPO prices and share prices of planters fell. As mentioned in our 20 May report (Plantation: Indonesia’s Export Ban Lifted, But What’s Next?), we advocated a profit-taking strategy, given the continued uncertainty on the DMO policy impact in Indonesia. In addition, the special USD200/tonne tax to get a DMO exemption would be punishing for players in Indonesia that are finding it difficult to obtain the necessary export permits to export their products.
In 1Q22, we cut our calls on Ta Ann and PP London Sumatra Indonesia to NEUTRAL (from Buy), and on Genting Plantations to SELL (from Neutral). We now have four BUYs, nine NEUTRALs, and one SELL call.

1 month ago

titan3322

I maintain a strong buy call on SOP with CPO price staying above RM3500/Tonne. but not sure about Taan and few others like Sime plant IOI etc. Bursa is a place where manipulating syndicates, operators and even IBs are at work everyday. So just pick the best and you are safe !

1 month ago

titan3322

As for crude oil don't forget there is Shale oil productions other than the conventional digging from the sea. Previously shale oil production cost was only about US40/Tonne maybe now about US60/Tonne. Therefore I don't see crude oil will surpass US100/Tonne for a long time to come even amidst the Russian war. Co like Sapura energy is a no go area !

1 month ago

titan3322

Hahaha buy lah CPO back to RM4K a tonne liao ! Esos flers not selling but IBs trying to put it down got Call warrants maturing soon !

1 month ago

titan3322

These 2 days will be interesting CPO ardy traded above 4K per tonne on the other hand SOP Call warrant is maturing tomorrow. Biar kita main2 dengan the issuers

1 month ago

titan3322

Cantik hahaha ! suruh beli xmau skrang putih mata lor

1 month ago

titan3322

I think the warrant CI issuer will press it down end of the day so don't chase first !

1 month ago

calvintaneng

Best time to buy Sop as it's p/e only 2 to 3

increasing dividend trend

strong insider support

with great future

The most profitable and most undervalue palm oil shares today

target price should be above Rm5 to Rm6 after bonus now

1 month ago

VTrade

Leets say
1.60 to 1.00
Total there is
600bips

2.5 to 5
There is only 2500 bips

Betul ?

1 month ago

StartOfTheBull

From Ta Ann forum:

titan3322

Can sell at this price lah woi nanti regret !

3 hours ago


titan3322

You bukan xtau counter ni kuat manipulasi pasti turun below 3.60 !

3 hours ago


Nepo

correct, sold all@3.66

2 hours ago

*********
What is this dude? Not knowing that plantations counters rides on the same boat?

1 month ago

titan3322

Below 2.40 you didn't ask people to buy after it went up more than 10% baru suruh orang beli. 2.55 is a resistance level and 2.60 is a danger level. Esos flers may dump it for 20 sen gain !

1 month ago

titan3322

StartOfThebull you will know your fate in Taan within hours. Not all Plantation counters are not in the same boat anyway !

1 month ago

titan3322

Taan ardy drop from 3.72 to 3.61 !

1 month ago

StartOfTheBull

Titan3322 I didn't ask people to buy or sell any stocks and I know it is incorrect to do that.

1 month ago

titan3322

@S of the bull I didn't mean you haha

1 month ago

titan3322

Anyway CPO futures stay strong. If back to RM4500 to 5K a tonnes the chances of SOP and Taan getting further gain is always there.

1 month ago

StartOfTheBull

Good chance CPO back to above RM4,500 when La Nina expected to take its effects on FFB production starting around end of November this year.

1 month ago

calvintaneng

Sop

super value plus super growth stock

will see boom times ahead

1 month ago

titan3322

Sudah kata itu warrant issuer mau kasi turun itu harga. Today CI matured. Kalau ada bullets kasi sapu 2.50 to 2.52 . CPO price ardy above 4K. Fantastic profit going forward no BS !

1 month ago

titan3322

No more resistance at 2.55 !

1 month ago

titan3322

Most plantations register good gain today except SOP you should know why hehe

1 month ago

titan3322

EPS of SOP is close to Taan and Sime plant and higher than IOI but stock price is far apart do you know why ? Qtr result will be out next month and the fig don't cheat !

1 month ago

titan3322

Fast catching up !

1 month ago

titan3322

My advice is kasi sapu kaw2 will hit 2.80 very soon. I no BS one ! Don't get scared by the operators hehe

1 month ago

titan3322

This stock when up ade worang ask you to buy when down they keep quiet hehe !

1 month ago

titan3322

The only stocks that are investable in Bursa are some tech stocks and cheap plantation stocks like SOP sure got dividend one even 4 sen also ok haha

1 month ago

titan3322

Investors should not gamble on the call warrants but buy the mother stock instead. In most cases they will lose money and the IBs will get the better of them. Look at SOP CK they are worthless now !

1 month ago

titan3322

Haha enjoy ! kasi sapu kaw2. Will go up to 2.80 to 3.00 almost as sure as the sun rises from the east !

1 month ago

titan3322

SOP call warrant CJ maturing end of the month. Issuer will make sure you will lose your money but I buy the mother share now kasi lawan2 sikit hehe !

1 month ago

EastWestTalker

is it time for oil already?? my bullets cant wait for it d

1 month ago

EastWestTalker

Maintain NEUTRAL on sector, adopt a profit-taking approach. With the lifting of the Indonesia export ban, CPO prices and share prices of planters fell. As mentioned in our 20 May report (Plantation: Indonesia’s Export Ban Lifted, But What’s Next?), we advocated a profit-taking strategy, given the continued uncertainty on the DMO policy impact in Indonesia. In addition, the special USD200/tonne tax to get a DMO exemption would be punishing for players in Indonesia that are finding it difficult to obtain the necessary export permits to export their products.
In 1Q22, we cut our calls on Ta Ann and PP London Sumatra Indonesia to NEUTRAL (from Buy), and on Genting Plantations to SELL (from Neutral). We now have four BUYs, nine NEUTRALs, and one SELL call.

1 month ago

titan3322

With CPO price averaging above RM4200 in 2022 even the most ineffecient planters will still make good money not to mention the better ones like SOP. The only downside to this stock is low div yield EPS wise it is better than almost all other oil palm counters

1 month ago

EastWestTalker

oil still fine, still worth to hold

3 weeks ago

vale0111

Malaysia's palm oil board on Monday warned of a tough 2023 for the market for the world's most consumed edible oil, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year.

The edible oils market has grappled with volatility triggered by recession fears, Russia's invasion of Ukraine and governments' curbing exports to protect domestic food supplies.

3 weeks ago

vale0111

State agency Malaysian Palm Oil Council (MPOC) said flood-related supply worries combined with a weaker ringgit would keep prices of the edible oil between 4,000 and 4,400 ringgit a tonne until the end of December.

Prices would be 3,900 to 4,300 ringgit until March 2023, and slip further to 3,800 to 4,200 ringgit in the second quarter, said MPOC Chief Executive Wan Aishah Wan Hamid.

The futures contract was trading at 4,172 ringgit ($910.52) at midday on Monday.

The MPOC forecast Malaysia's 2022 crude palm oil production would shrink for a third year to 18.08 million tonnes, compared with 18.1 million tonnes last year. It sees Indonesia's production rising to 46.6 million tonnes from 44.7 million tonnes in 2021. - Reuters

3 weeks ago

titan3322

SOP playing catch up. Semua merah except SOP. QTR result will be out soon more more rotational play in favour of SOP !

3 weeks ago

dashengyong82

In September 2022, the local palm oil stocks exceeded 2.3 million tonnes, the highest level in 18 months, but palm oil prices further declined to the lowest level since June 2021

3 weeks ago

dashengyong82

For the medium term, the ongoing Russia and Ukraine conflict will still be a factor and palm oil supply growth will likely plateau next year.

“We forecast that price will likely remain between RM3,900 per tonne and RM4,300 per tonne until March 2023,” she said during her presentation at the Palm Oil Internet Seminar yesterday.

In terms of palm oil stocks, she said the Malaysian palm oil stocks had been on a declining trend from December 2021 to April 2022 resulting in higher prices recorded as stock levels have an inverse relationship to price. However, since May 2022, stock levels have been rising and prices have declined.

3 weeks ago

titan3322

A rare opportunity to add more at this low price. This stock is least affected by the current political turmoil !

2 weeks ago

Praxeology

Sarawak Oil Palms Berhad is one of the leading palm oil producers in Malaysia. With over 40 years of experience, ерун are committed to providing high quality palm oil products to their customers.

2 weeks ago

calvintaneng

SOP results

YoY is up but QoQ down slightly

Total cash is up by Rm200 mil while debt is down by Rm200 millions

Cash less debt SOP now has Surplus cash of Rm500 millions

Being debt free SOP can certainly declare better dividends

1 week ago

calvintaneng

Correction

Cash is up by Rm200 mil
loan is down by Rm100 mil

Net cash after minus loan is Rm500 millions

SOP can give better dividend as it is now debt free and one qtr revenue alone over Rm1.3 Billion strong

1 week ago

yhyau77

With the world economy heading into stagflation, industries that will hold value are those producing essential basic goods and services and hopefully the plantation sector will remain strong given that palm oil is one of the cheaper sources of edible fats coupled with foreseeable higher bio fuel demand.
With healthy cash balances and balance sheets, opportunities abound to enhance capacities (increase land bank, downstream diversification, even Graphene from palm waste).

1 week ago

titan3322

Haha interesting but no div announced EPS almost 4 times IOI but price ?

1 week ago

titan3322

Taan gives 10 sen div stock goes up by 19 sen. SOP eelek hehe

1 week ago

elyshh

Yes, it is important to be aware of potential manipulation of the market by the issuing bank. However, it is also important to be aware of the risks associated with trading in call warrants. Investors should understand the terms and risks associated with investing in call warrants before making any investment decisions. Additionally, investors should consult with a financial advisor or other professional before investing in any financial product.

1 week ago

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