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Hi guys,

As my usual hobby I love to find undervalue LAGGARD Stocks. Once a Stock flew away into high high prices I always tell people not to chase

The Investment Approach of Buying low & hope to sell high is my forte. Not chase high with the hope of selling higher.

Now these are the reasons why ThPlant is still a palm oil laggard

1) THPLANT HAS MET THE GOLDEN RULE OF 2 QUARTERS POSITIVE EARNINGS

See

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2020
30 Jun 2019
30 Jun 2020
30 Jun 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
127,570
106,113
243,121
221,396
2 Profit/(loss) before tax
25,431
-29,088
10,943
-32,121
3 Profit/(loss) for the period
13,349
-22,745
401
-31,647
4 Profit/(loss) attributable to ordinary equity holders of the parent
8,157
-19,150
-3,374
-27,241
5 Basic earnings/(loss) per share (Subunit)
0.92
-2.17
-0.38
-3.08
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
0.6300
0.6400

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

 

2ND QUATER RESULT SHOWED A GOOD TURNAROUND

From a loss of 2.17 sen to a profit of 0.92 Sen

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2020
30 Sep 2019
30 Sep 2020
30 Sep 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
167,430
136,007
410,551
357,403
2 Profit/(loss) before tax
37,776
-48,791
48,719
-80,912
3 Profit/(loss) for the period
23,864
-40,013
24,265
-71,660
4 Profit/(loss) attributable to ordinary equity holders of the parent
15,772
-31,609
12,398
-58,850
5 Basic earnings/(loss) per share (Subunit)
1.78
-3.58
1.40
-6.66
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
0.6600
0.6400

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

 

AND 3RD QUARTER EVEN BETTER THAN 2ND QUARTER

 

REVENUE UP FROM RM127 MILLIONS TO RM167 MILLIONS

 

PROFIT INCREASED FROM 0.92 SEN TO 1.78 SEN (OR UP 93%)

NAV ALSO UP FROM 63 SEN TO 66 SEN

SO FAR SO GOOD

WHAT ABOUT NEXT QUARTER & THE NEXT?

WHAT IF PRODUCTION OF FRESH FRUIT BUNCHES DECREASE FROM NOV 2020 TO FEBRUARY 2021?

TO FIND THE TRUTH LET US GO BACK TO SEE THE LAST QTR REPORT

HA! FOR THE PROFIT OF 1.78 SEN THEY BENCHMARK CPO PRICES AT RM2,477 PER TONNE

THAT WAS UNTIL SEPTEMBER 31TH 2020

AND FROM OCTOBER, NOVEMBER AND DECEMBER 5TH AS WE TYPE FCPO HAS REACHED THE LOFTY HEIGHT OF RM3,690 A TONNE

 

UP BY HOW MANY PER CENT?

RM3,690 - RM2,447 = RM1,243

DIVIDES  RM1,243  BY RM2,447 = 50.79%

WILL FFB OR CPO DROP BY 50%? 

NO! ONLY 10% TO 15% 

SO THE OVERALL PICTURE PAINTS A VERY BRIGHT FUTURE

WHY?

LET US LOOK AT THE COMMENTS FROM LAST QTR RESULTS

 

TH Plantations Berhad
Registration No. 197201001069 (12696-M)
(Incorporated in Malaysia)
 
30. Current Year Prospects
 
The outlook for the Group’s overall financial performance for the financial year
ending 31 December 2020 will largely depend on the movement of palm products
prices and the progress of our Strategic Recovery Plan.
 
Markets are expected to continue to remain stable despite the volatility mainly
influenced by the development of the COVID-19 pandemic and its impact on the
world economy. The Group expects palm oil prices for the medium term to be
strong supported by the following factors:
 
- Low production season had started from November 2020 until February
2021.
 
- Disruption in production due to labour shortages.
 
- The weather phenomenon “La Nina” is expected to persist until at least
January 2021. Expectations of a reduction in sunflower crops, lower soya
bean inventories in the United States and unfavourable weather for planting
in South America are also contributing to a bullish outlook for the edible oil
market in general.
 
- As the global COVID-19 situation improved with prospects from the
progress of the COVID-19 vaccine development, there will be increasing
demand from major palm oil-consuming countries such as China and India.
In addition, the timing for the realisation of the disposal of certain assets that are
classified as held for sale might be delayed beyond the next twelve (12) months as
a result of further Conditional Movement Control Order (“CMCO”) imposed by the

 

True Visionary Statement!

India suffered the La Nina Cyclones & Floods. Maharastha state where Onion, Corn & Soybean are produced have been inundated by Floods - wiping out its crops. Red onions from India has jumped from Rm3 a kg to Rm18 a kg or up 600%

 

Fearing for its 1.35 BILLION CITIZENS INDIAN GOVT HAS REDUCED CPO IMPORT BY 10%

China 1.39 BILLION PEOPLE Upcoming CHINESE NEW YEAR ON FEBRUARY 12 2021 WILL NEED LOTS OF PALM OIL AS ITS SOYBEAN & CORN WERE WIPED OUT BY 3 SUPER TYPHOONS, HAISHEN & MAYSAK THIS YEAR= ALL DUE TO LA NINA EFFECT

RIGHT NOW IN SOUTH AMERICA BRAZIL, ARGENTINA, BOLIVIA, URUGUAY & PARAGUAY SOYBEAN PLANTING SEASON ALMOST OVER AND YET DRY WEATHER OVER 95 DEGREE FARENHEIGHT ARE DAILY OCCURANCE

 

southamgw_grc_2020300_lrg.jpg (2103×2337)

 

 

 

 

AND SO CAN WE EXPECT PALM OIL TO GO MUCH MUCH HIGHER OR IF NOT AT LEAST SUSTAIN ITS PRICES ABOVE RM3,000 A TONNE?

SINCE COST OF PRODUCTION AROUND RM1,700 ALL PALM OIL COMPANIES SHOULD DO WELL

 

NOW LET US TAKE A LOOK AT WHO ARE THE TOP 30 HOLDERS OF THPLANT

1) TABUNG HAJI (Now cleaned up like FGV)

2) Public Mutual Fund

3)  Pertubuhan Peladang Negeri Terengganu at Top 5.

Ha! Trengganu Govt also in Top 30. No wonder TDM bought 70% stake in one of Th Plant subsidiary. TDM like Tmakmur people value add by rearing Animals for Sale in Palm oil plantations

 

But look at 4 & 5

4) Dynaquest has 750,000 shares of Th Plant.Yes Dynaquest by Grand Champion Master Sifu Investor Dr Neoh Soon Kean

5) Neoh Choo Ee & Company Sdn Bhd. Wahaha. This is the private personal investment of Sifu Dr. Neoh

He owns a whopping 3.7 Million shares of Thplant and he is in number 9

Total 30 Topholders own 86.5% of TH PLANT Shares according to Annual Report. So free float only 13.5%

 

Best Regards

Calvin Tan Research

Republic of Singapore

 

Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-12-05-story-h1537419199-TH_PANTATION_5112_A_PLANTATION_STOCK_LAGGARD_WORTH_ANOTHER_LOOK_Calvin_.jsp

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