SWKPLNT 5135 SARAWAK PLANTATION BERHAD - Public Investment Bank's Top PLANTATION stock pick
Full pdf report can be found on my Telegram channel @worthystocks :
SWKPLNT (5135) is Public Investment Bank's top pick - highest upside to TP among plantation stocks.
TP should be even higher now as CPO prices have rallied further.
4Q21 core earnings was RM44.3m or 16 sen. Annualised is 64 sen, translating into less than 5x P/E.
What would FY22 P/E be? 3-4x P/E?
Net profit to benefit the most from rising CPO prices