Dear Friends
FGV was listed in year 2012 with IPO price started trading between Rm4.00 to Rm5.00
Let us go back to year 2012 (See Bursa webpage
SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2012
|
INDIVIDUAL PERIOD |
CUMULATIVE PERIOD |
||||
|
CURRENT YEAR QUARTER |
PRECEDING YEAR |
CURRENT YEAR TO DATE |
PRECEDING YEAR |
||
|
31/03/2012 |
31/03/2011 |
31/03/2012 |
31/03/2011 |
||
|
$$'000 |
$$'000 |
$$'000 |
$$'000 |
||
| 1 | Revenue |
1,719,997 |
1,688,481 |
1,719,997 |
1,688,481 |
| 2 | Profit/(loss) before tax |
280,806 |
495,284 |
280,806 |
495,284 |
| 3 | Profit/(loss) for the period |
223,212 |
350,158 |
223,212 |
350,158 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
192,165 |
359,048 |
192,165 |
359,048 |
| 5 | Basic earnings/(loss) per share (Subunit) |
10.90 |
20.30 |
10.90 |
20.30 |
| 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 ($$) |
0.7700 |
3.1800 |
||
10 years ago FGV reported Revenue of Rm1.71 Billions
10.9 sen profit
NAV 77 sen
See latest figure
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2022
|
INDIVIDUAL PERIOD |
CUMULATIVE PERIOD |
||||
|
CURRENT YEAR QUARTER |
PRECEDING YEAR |
CURRENT YEAR TO DATE |
PRECEDING YEAR |
||
|
30 Sep 2022 |
30 Sep 2021 |
30 Sep 2022 |
30 Sep 2021 |
||
|
$$'000 |
$$'000 |
$$'000 |
$$'000 |
||
| 1 | Revenue |
6,182,260 |
5,315,802 |
19,463,076 |
13,391,041 |
| 2 | Profit/(loss) before tax |
379,426 |
507,567 |
1,451,948 |
1,022,028 |
| 3 | Profit/(loss) for the period |
216,971 |
401,038 |
939,316 |
751,751 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
241,671 |
399,393 |
984,931 |
702,789 |
| 5 | Basic earnings/(loss) per share (Subunit) |
6.62 |
10.95 |
27.00 |
19.26 |
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00 |
0.00 |
4.00 |
0.00 |
|
AS AT END OF CURRENT QUARTER |
AS AT PRECEDING FINANCIAL YEAR END |
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.6400 |
1.4900 |
||
Latest figure shows Revenue is Rm6.18 Billions
Profit 6.62 sen
NAV is Rm1.64
While FGV Share price dropped from Rm4.00 to only Rm1.31
If you look at previous qtr
See
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2022
|
INDIVIDUAL PERIOD |
CUMULATIVE PERIOD |
||||
|
CURRENT YEAR QUARTER |
PRECEDING YEAR |
CURRENT YEAR TO DATE |
PRECEDING YEAR |
||
|
30 Jun 2022 |
30 Jun 2021 |
30 Jun 2022 |
30 Jun 2021 |
||
|
$$'000 |
$$'000 |
$$'000 |
$$'000 |
||
| 1 | Revenue |
7,427,055 |
4,681,748 |
13,280,816 |
8,075,239 |
| 2 | Profit/(loss) before tax |
572,616 |
498,702 |
1,072,522 |
514,461 |
| 3 | Profit/(loss) for the period |
355,765 |
364,494 |
722,345 |
350,713 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
374,024 |
338,817 |
743,260 |
303,396 |
| 5 | Basic earnings/(loss) per share (Subunit) |
10.25 |
9.29 |
20.73 |
8.32 |
| 6 | Proposed/Declared dividend per share (Subunit) |
4.00 |
0.00 |
4.00 |
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 ($$) |
1.6000 |
1.4900 |
||
Previous Qtr Revenue was Rm7.4 Billions (Better than both KLK & Simedarby plant at Rm5 Bil to Rm6 Billions)
Profit 10.25 sen
NAV Rm1.60
Above tells us that The Sales Revenue of FGV has gone up manifold
Look at FGV dividends
| 30-Aug-2022 | 14-Sep-2022 | DIVIDEND | Interim Dividend | RM 0.0400 | |
| 28-Feb-2022 | 15-Mar-2022 | DIVIDEND | Final Dividend | RM 0.0800 | |
| 26-Feb-2021 | 17-Mar-2021 | DIVIDEND | Final Dividend | RM 0.0300 | |
| 28-May-2020 | 29-Jun-2020 | DIVIDEND | Final Dividend | RM 0.0200 | |
| 23-Nov-2017 | 07-Dec-2017 | DIVIDEND | Interim Dividend | RM 0.05 | |
| 25-Apr-2017 | 29-May-2017 | DIVIDEND | Final Dividend | RM 0.01 | |
| 27-Apr-2016 | 16-Jun-2016 | DIVIDEND | Final Dividend | RM 0.0200 | |
| 26-Nov-2015 | 09-Dec-2015 | DIVIDEND | Interim Dividend | RM 0.0200 | |
| 22-May-2015 | 26-Jun-2015 | DIVIDEND | Final Dividend | RM 0.0400 | |
| 25-Aug-2014 | 10-Sep-2014 | DIVIDEND | Interim Dividend | RM 0.06 | |
| 02-Jun-2014 | 26-Jun-2014 | DIVIDEND | Final Dividend | RM 0.1 | |
| 27-Nov-2013 | 10-Dec-2013 | DIVIDEND | Interim Dividend | RM 0.06 | |
| 07-Jun-2013 | 27-Jun-2013 | DIVIDEND | Final Dividend | RM 0.085 | |
| 04-Sep-2012 | 20-Sep-2012 | DIVIDEND | Interim Dividend | RM 0.055 |
In year 2012 RGV gave 5.5 sen dividend
This year FGV gave 4 sen & 8 sen = 12 sen
At Rm1.31
Dividend yield is 9.1%
Now FGV has rented lands from Felda for 99 years with rent of Rm248 Millions
Since FGV Revenue is Rm6 Billions to Rm7 Billions the rent is only about 4%
96% of Revenue after rent lease payment is still a lot
Now FGV has its own lands 1/3 apart from the leasehold lands rent from Felda
And FGV own lands are valued at only Rm3.2K an acre
Today Palm oil lands are more than Rm50K an acre in Peninsular and more than Rm20K an acre in East Malaysia
Above are facts & figures all can please check & verify
This is not a buy or sell call
Please consult your own remisier/fund manager before buying or selling
Kind Regards
Calvin
Wishing all at i3 Forum
A BLESSED CHRISTMAS
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-12-24-story-h-302818289-WHY_FGV5222_AT_RM1_31_LOOKS_VERY_UNDERVALUE_Calvin_Tan
