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391 comment(s). Last comment by Bgt 9963 at Jul 31, 2021 9:08 AM
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trader808
58 posts

Posted by trader808 > Dec 29, 2020 7:15 PM | Report Abuse

The company announced 28.8m profit. This is 109% better than last year corresponding figure, but 13.05% lower compare with the current year preceding quarter. Although the average selling price of Rm2865 /M/T is high, it is not enough to mitigate the huge fall in FFB and CPO output for the 3 months ending Oct 2020. KL has a very strong balance sheet and continues to generate huge cash flow. Considering the current 9 month financial performance and the CPO and FFB output for NOV month, I would envisage the whole year EPS to be around 12.5sen.
The fair value at various reasonably acceptable PE multiples are as follow.
PE 12X IS 150
PE 13X IS 162
PE14X IS 175.

All is not lost. In my opinion,the 3 sen special dividend would sustain the share price.


ethan
54 posts

Posted by ethan > Dec 29, 2020 9:52 PM | Report Abuse

agree with trader808. the expected annualize EPS will be within 12cents to 13cents, as the high CPO price is offset by the huge fall of FFP and CPO output. Considering high CPO price, good dividend payout and prudent management, based on historical PE, i believe it deserve fair PE between 15 - 18, using forecasted annualize EPS 12.5

PE 15x = RM1.88
PE 16x = RM2.00
PE 17x = RM2.13
PE 18x = RM2.25

With consistent dividend payment for this fiscal year , (4 cents + 3 cents + 3 cents (forecast) ), i believe it is could be sustain PE of 15x or 16x.


KPH5328
72 posts

Posted by KPH5328 > Dec 29, 2020 10:59 PM | Report Abuse

PBT for the current quarter was RM44.64 million which was 6% lower than RM47.27 million
achieved in the preceding quarter ended 31 July 2020. If the insurance compensation of RM7.62
million recognised in the preceding quarter was excluded, the PBT for the current quarter was 13% or RM4.99 million higher


bluelight
134 posts

Posted by bluelight > Dec 30, 2020 8:28 AM | Report Abuse

good company to invest


ethan
54 posts

Posted by ethan > Dec 30, 2020 9:07 PM | Report Abuse

Malacca Security latest analysis:

我们重申“买入”评级,目标价从1.74令吉上调至1.91令吉,相等于明财年16倍本益比;一般中型种植股的本益比介于14.5倍至17.5倍。

Malacca Security reiterate buy call , target price revised from RM1.74 to RM1.91 with target PE of 16. The PE range for mid cap plantation should be within PE range 14.5 to 17.5.

Source: https://www.enanyang.my/%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1/%E3%80%90%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1%E8%A7%86%E9%A2%91%E3%80%91%E9%94%A6%E9%9A%86%E8%B5%84%E6%BA%90-%E4%B8%A4%E5%B9%B4%E8%B4%A2%E6%B5%8B%E4%B8%8A%E8%B0%83


newbie2y
424 posts

Posted by newbie2y > Dec 30, 2020 9:38 PM | Report Abuse

good read, thanks ethan!


ethan
54 posts

Posted by ethan > Dec 31, 2020 12:40 AM | Report Abuse

Trader808, great sharing. Indeed it happen all the time for those stock with many call warrant, like tnb, takaful etc. So trader808 hypothesis could be correct, and if we able to trade it factor in the risk, the reward could be very good for short period of time.


MNawar
11 posts

Posted by MNawar > Dec 31, 2020 8:37 AM | Report Abuse

Thanks Trader808. Just learn something.


Young1
13 posts

Posted by Young1 > Jan 4, 2021 3:57 PM | Report Abuse

trader 808, sorry i miss your post. could you please re-post it again? thanks.


DTZW 1882
315 posts

Posted by DTZW 1882 > Jan 4, 2021 9:56 PM | Report Abuse

CPO Almost Break 4K...


paperplane
21489 posts

Posted by paperplane > Jan 5, 2021 9:59 AM | Report Abuse

inventory 10 yr low! wow


ethan
54 posts

Posted by ethan > Jan 6, 2021 12:10 PM | Report Abuse

It is coming again to challenge the new high. Target to break thru and may break RM1.70 before the dividend ex-date!! Gogogo.

Beside, lately spotted 2 gems, one is petgas and amway. May discuss in the respective group.


aiyooo
164 posts

Posted by aiyooo > Jan 6, 2021 2:49 PM | Report Abuse

kikiki lucky taann switch here


aiyooo
164 posts

Posted by aiyooo > Jan 6, 2021 2:49 PM | Report Abuse

gogogoog


ethan
54 posts

Posted by ethan > Jan 29, 2021 9:48 PM | Report Abuse

Sigh, quite a huge drop compare to the CPO future. I am accumulating more and treat it as the opportunity for bigger gain.


ethan
54 posts

Posted by ethan > Feb 5, 2021 12:53 PM | Report Abuse

When the boss is buying in own share, and with FCPO future is at 3,919.00 for Feb 21, and 3,618.00 for March 21, strong believe that the price setback is just temporary.


paperplane
21489 posts

Posted by paperplane > Feb 5, 2021 12:54 PM | Report Abuse

kim loong so good also went south, funny mkt


newbie2y
424 posts

Posted by newbie2y > Feb 10, 2021 10:44 PM | Report Abuse

i think the main reason was India, being major importer, has increased their import duties on palm oil, effective feb 2021...


trader808
58 posts

Posted by trader808 > Feb 13, 2021 3:58 PM | Report Abuse

Unlike IOI which has upstream and downstream industries, KM financial performance is quite straight forward. You can track it in advance with reasonable accuracy by monitoring its monthly output performance that has been announced in Bursa.

Here are the numbers

3Q 4Q % Diff
FFB 68990 56355 (18.3% )

CPO 75497 56274 (25.4%)

PK 19187 12913 (32.6%)

profit 33.16 ???

KM will announce its 4Q result in march. Basing on these numbers, it is quite unlikely to match 3Q performance.


paperplane
21489 posts

Posted by paperplane > Feb 16, 2021 10:50 AM | Report Abuse

seems like mkt mis the PLANTATION , now reprice. all results of plantation superb


lcng123
977 posts

Posted by lcng123 > Feb 19, 2021 5:51 PM | Report Abuse

Many Plantation companies posted good result this month


UndukNgadau
433 posts

Posted by UndukNgadau > Feb 27, 2021 10:24 AM | Report Abuse

Thanks trader808. Lower harvest is not good


ChongLeeWoon
137 posts

Posted by ChongLeeWoon > Feb 28, 2021 6:56 PM | Report Abuse

High CPO prices directly benefit plantation companies but share price laggard... look at suppliers of plantation companies, the agrochem companies such as Ancom and Hextar, all engine started and flying up!

https://klse.i3investor.com/blogs/ancom4758/2021-02-25-story-h1541264156-ANCOM_THE_NEXT_SUGAR_BABY_OF_BURSA.jsp


Dragon88
127 posts

Posted by Dragon88 > Mar 11, 2021 9:22 AM | Report Abuse

share price of plantation counters will eventually catch up with the CPO price.


lcng123
977 posts

Posted by lcng123 > Mar 11, 2021 9:43 AM | Report Abuse

CPO future hits RM4,100


gankc2011
100 posts

Posted by gankc2011 > Mar 18, 2021 1:11 PM | Report Abuse

Its share price should climb higher with higher earnings which would results in higher profit. Cash rich company with low debt and dishes out good dividend yield.


skl_81
174 posts

Posted by skl_81 > Mar 22, 2021 3:06 PM | Report Abuse

Q4Y20 coming soon.


lching
1363 posts

Posted by lching > Mar 31, 2021 11:33 AM | Report Abuse

Q4 result out today?


AHFAN84
19 posts

Posted by AHFAN84 > Mar 31, 2021 7:37 PM | Report Abuse

Until now, Q4 report still not release


DTZW 1882
315 posts

Posted by DTZW 1882 > Mar 31, 2021 8:12 PM | Report Abuse

go read announcement please


wongck
108 posts

Posted by wongck > Apr 1, 2021 2:10 AM | Report Abuse

Q4 result holding back, request for extension for 1 month due to covid19 pandemic. Other company able to do meet dateline or even earlier. Unlike in this past Qtr result announced promptly. Keep the good practices to give confidence to investors to trust the company's management team


benlim
24 posts

Posted by benlim > Apr 2, 2021 1:44 PM | Report Abuse

KIM LOONG RESOURCES BERHAD ("KLRB') OR ("THE COMPANY")
EXTENSION OF TIME FOR ISSUANCE OF QUARTERLY REPORT FOR THE YEAR ENDED 31 JANUARY 2021
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3142945


UndukNgadau
433 posts

Posted by UndukNgadau > Apr 16, 2021 6:05 PM | Report Abuse

Quarterly rpt on consolidated results for the financial period ended 31/01/2021 | https://www.klsescreener.com/v2/announcements/view/3343349


UndukNgadau
433 posts

Posted by UndukNgadau > Apr 16, 2021 6:12 PM | Report Abuse

From quarter result: Revenue of RM5.13 million has been generated from supplying power to TNB grid for the current year-to-date.


investortrader88
2510 posts

Posted by investortrader88 > May 6, 2021 11:06 AM | Report Abuse

my queue buy matched at RM 1.46 just now.good luck guys.


sten_still
265 posts

Posted by sten_still > May 7, 2021 4:02 PM | Report Abuse

booked my position


Johnzhang
621 posts

Posted by Johnzhang > May 10, 2021 10:41 PM | Report Abuse

The company is very generous to pay dividend. For FY 2020 payout 100%.


Johnzhang
621 posts

Posted by Johnzhang > May 10, 2021 10:45 PM | Report Abuse

FY 21 earning can easily surpass 20 sen per share . If 100% payout is practice, we can expect 20 sen dividend.


focusinvesting
50 posts

Posted by focusinvesting > Jul 17, 2021 11:41 PM | Report Abuse

amongst the small cap plantation stocks, Kim Loong is likely the best.

https://myfocusinvesting.com/index.php/2021/07/11/how-to-analyze-plantation-stocks-2/


Young1
13 posts

Posted by Young1 > Jul 30, 2021 8:56 PM | Report Abuse

Looks like ESG is putting lot of weights on plantation stocks.

Obviously, US is playing on force labour issue to justify for their high premium price delta between soy oil and palm oil as we never see this force labour issues being so dramatize in the pass until lately; just like glove sector.

Sadly, many institutions and fund managers; including our local institutions are also singing along with this but neglecting the fact that:
1. Palm oil is the most efficient vegetable oil per hectare in the world. (8 times more efficient than soy oil, the major competitor for palm oil)
2. The recent published "Palm Oil - Global Market Trajectory & Analytics" report has indicated that palm oil market will be growing at 5% CAGR from 2020 to 2026.
3. Palm oil is most widely used vegetable oil ranging from all range of product in supermarkets due to its temperature stability.
4. Land used (allowed) for palm trees is plateauing with Malaysia limits at around 5.8 million Hectare and Indonesia at around 15 million hectare.
5. Climate change is not going away and there will continue to have volatile weather like extreme hot and dry weathers recently in Latin America and now in most of corn belt region in USA. These will seriously affecting the yield of soybeans and other vegetable oil such as corn and rapeseed as they are more sensitive to weather changes but not so for palm trees.

So, CPO price will continue to be at elevated level in the coming years as demand is growing and supply will be limited due to caps put up by both Malaysia and Indonesia governments on lands to be used for palm oil. As long as CPO price are at RM2200 and above, well managed plantations companies will be making profit.

Investing in plantation stocks needs a long term view that you just want to have better returns than your FD interest rate and relative stable capital fluctuations. So, good and consistent dividend yield shall be primary consideration and capital gain shall be secondary. At current price level, there are numbers of plantation stocks that gave you 7% to 9% dividend if you have bought it 10 months ago.

With this mindset, you will be able to slept at ease when you put your money in plantation stocks. :)

Happy investing and have nice weekend.


Bgt 9963
4461 posts

Posted by Bgt 9963 > Jul 31, 2021 9:08 AM | Report Abuse

Good morning.!

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