Highlights
KLSE: SOP (5126)       SARAWAK OIL PALMS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
3.55   -0.01 (0.28%)  3.55 - 3.60  212,500
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Financials


Market Cap: 2,027 Million

Market Cap 2,027 Million
NOSH 571 Million

Latest Audited Result:  31-Dec-2019

Latest Audited Result: 31-Dec-2019
Announcement Date 29-May-2020
Next Audited Result: 31-Dec-2020
Est. Ann. Date: 29-May-2021
Est. Ann. Due Date: 29-Jun-2021

Latest Quarter:  30-Jun-2020 [#2]

Latest Quarter: 30-Jun-2020 [#2]
Announcement Date 26-Aug-2020
Next Quarter: 30-Sep-2020
Est. Ann. Date: 28-Nov-2020
Est. Ann. Due Date: 29-Nov-2020
QoQ | YoY   -46.15%  |    2,186.34%

Annual (Unaudited) ( EPS: 15.73, P/E: 22.57 )

Revenue | NP to SH 2,915,335  |  89,813
RPS | P/RPS 510.62 Cent  |  0.70
EPS | P/E | EY 15.73 Cent  |  22.57  |  4.43%
DPS | DY | Payout % 5.00 Cent  |  1.41%  |  31.78%
NAPS | P/NAPS 3.86  |  0.92
YoY   46.51%
NP Margin | ROE 3.16%  |  4.08%
F.Y. | Ann. Date 31-Dec-2019  |  28-Feb-2020

T4Q Result ( EPS: 33.16, P/E: 10.71 )

Revenue | NP to SH 2,727,214  |  189,333
RPS | P/RPS 477.67 Cent  |  0.74
EPS | P/E | EY 33.16 Cent  |  10.71  |  9.34%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 4.05  |  0.88
QoQ | YoY   24.02%  |    445.28%
NP Margin | ROE 7.29%  |  8.19%
F.Y. | Ann. Date 30-Jun-2020  |  26-Aug-2020

Annualized Result ( EPS: 38.37, P/E: 9.25 )

Revenue | NP to SH 2,288,288  |  219,090
RPS | P/RPS 400.79 Cent  |  0.89
EPS | P/E | EY 38.37 Cent  |  9.25  |  10.81%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -23.07%  |    992.83%
NP Margin | ROE 10.08%  |  9.48%
F.Y. | Ann. Date 30-Jun-2020  |  26-Aug-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2020 26-Aug-2020 30-Jun-2020 2 626,060 51,513 41,028 38,342 - 2,312,197 - % 6.55% 1.66% 570,913 109.66 109.65 6.72 6.72 0.00 0.00 4.0500 4.05   -46.15%   2,186.34% 30-Jun-2020 2.98 2.72 44.37 0.74 2.25% 0.00% 26-Aug-2020 3.73 3.40 55.54 0.92 1.80% 0.00%
31-Dec-2020 22-May-2020 31-Mar-2020 1 518,084 96,309 74,308 71,202 - 2,272,197 - % 14.34% 3.13% 570,904 90.75 90.74 12.47 12.47 0.00 0.00 3.9800 3.98   45.67%   753.03% 31-Mar-2020 2.39 2.63 19.16 0.60 5.22% 0.00% 22-May-2020 2.85 3.14 22.85 0.72 4.38% 0.00%
31-Dec-2019 28-Feb-2020 31-Dec-2019 4 866,758 72,607 50,961 48,880 - 2,203,573 - % 5.88% 2.22% 570,874 151.83 151.81 8.56 8.56 0.00 0.00 3.8600 3.86   58.14%   601.59% 31-Dec-2019 4.10 2.70 47.88 1.06 2.09% 0.00% 28-Feb-2020 3.26 2.15 38.07 0.84 2.63% 0.00%
31-Dec-2019 28-Nov-2019 30-Sep-2019 3 716,312 43,247 32,604 30,909 - 2,152,195 - % 4.55% 1.44% 570,874 125.48 125.46 5.41 5.41 0.00 0.00 3.7700 3.77   1,743.11%   74.32% 30-Sep-2019 2.08 1.66 38.42 0.55 2.60% 0.00% 28-Nov-2019 3.08 2.45 56.89 0.82 1.76% 0.00%
31-Dec-2019 23-Aug-2019 30-Jun-2019 2 590,200 1,401 887 1,677 28,543 2,152,195 1,702.07% 0.15% 0.08% 570,874 103.39 103.37 0.29 0.29 5.00 5.00 3.7700 3.77   -79.91%   -84.07% 28-Jun-2019 2.40 2.32 816.99 0.64 0.12% 2.08% 23-Aug-2019 2.05 1.98 697.85 0.54 0.14% 2.44%
31-Dec-2019 21-May-2019 31-Mar-2019 1 742,065 9,902 7,628 8,347 - 2,152,195 - % 1.03% 0.39% 570,874 129.99 129.97 1.46 1.46 0.00 0.00 3.7700 3.77   19.81%   -67.98% 29-Mar-2019 2.47 1.90 168.93 0.66 0.59% 0.00% 21-May-2019 2.37 1.82 162.09 0.63 0.62% 0.00%
31-Dec-2018 28-Feb-2019 31-Dec-2018 4 983,281 19,602 6,337 6,967 - 2,140,778 - % 0.64% 0.33% 570,874 172.24 172.22 1.22 1.22 0.00 0.00 3.7500 3.75   -60.71%   -85.87% 31-Dec-2018 2.10 1.22 172.07 0.56 0.58% 0.00% 28-Feb-2019 2.54 1.47 208.13 0.68 0.48% 0.00%
31-Dec-2018 28-Nov-2018 30-Sep-2018 3 870,342 30,712 19,258 17,731 - 2,135,069 - % 2.21% 0.83% 570,874 152.46 152.44 3.11 3.11 0.00 0.00 3.7400 3.74   68.39%   -67.38% 28-Sep-2018 2.78 1.82 89.51 0.74 1.12% 0.00% 28-Nov-2018 2.45 1.61 78.88 0.66 1.27% 0.00%
31-Dec-2018 29-Aug-2018 30-Jun-2018 2 774,907 18,955 12,737 10,530 - 2,146,486 - % 1.64% 0.49% 570,874 135.74 135.72 1.85 1.84 0.00 0.00 3.7600 3.76   -59.61%   -84.30% 29-Jun-2018 3.15 2.32 170.77 0.84 0.59% 0.00% 29-Aug-2018 3.01 2.22 163.18 0.80 0.61% 0.00%
31-Dec-2018 23-May-2018 31-Mar-2018 1 904,360 37,782 28,373 26,072 - 2,134,979 - % 3.14% 1.22% 570,850 158.42 158.40 4.57 4.57 0.00 0.00 3.7400 3.74   -47.11%   -61.04% 30-Mar-2018 3.70 2.34 81.01 0.99 1.23% 0.00% 3.45 2.18 75.54 0.92 1.32% 0.00%
31-Dec-2017 28-Feb-2018 31-Dec-2017 4 1,363,040 82,409 53,444 49,295 - 2,093,896 - % 3.92% 2.35% 570,543 238.90 238.73 8.64 8.63 0.00 0.00 3.6700 3.67   -9.32%   45.13% 29-Dec-2017 3.90 1.63 45.14 1.06 2.22% 0.00% 28-Feb-2018 3.72 1.56 43.06 1.01 2.32% 0.00%
31-Dec-2017 29-Nov-2017 30-Sep-2017 3 1,214,809 81,249 59,341 54,363 - 2,044,322 - % 4.88% 2.66% 571,039 212.74 212.77 9.52 9.52 0.00 0.00 3.5800 3.58   -18.93%   45.00% 29-Sep-2017 4.00 1.88 42.02 1.12 2.38% 0.00% 29-Nov-2017 4.16 1.96 43.70 1.16 2.29% 0.00%
31-Dec-2017 25-Aug-2017 30-Jun-2017 2 1,216,508 91,860 71,189 67,057 - 2,008,856 - % 5.85% 3.34% 570,697 213.16 213.07 11.75 11.74 0.00 0.00 3.5200 3.52   0.20%   99.81% 30-Jun-2017 3.56 1.67 30.30 1.01 3.30% 0.00% 25-Aug-2017 3.59 1.68 30.55 1.02 3.27% 0.00%
31-Dec-2017 29-May-2017 31-Mar-2017 1 1,096,175 102,581 72,623 66,925 - 1,944,380 - % 6.63% 3.44% 570,199 192.24 191.99 11.73 11.72 0.00 0.00 3.4100 3.41   97.04%   167.36% 31-Mar-2017 3.64 1.89 31.01 1.07 3.22% 0.00% 29-May-2017 3.60 1.87 30.67 1.06 3.26% 0.00%
31-Dec-2016 27-Feb-2017 31-Dec-2016 4 1,178,469 50,523 38,918 33,965 - 1,527,563 - % 3.30% 2.22% 464,305 253.81 206.41 7.32 5.95 0.00 0.00 3.2900 2.68   -9.40%   -22.93% 30-Dec-2016 3.68 1.45 50.31 1.12 1.99% 0.00% 27-Feb-2017 3.72 1.47 50.85 1.13 1.97% 0.00%
31-Dec-2016 30-Nov-2016 30-Sep-2016 3 1,134,731 61,364 42,849 37,491 - 1,481,071 - % 3.78% 2.53% 442,110 256.66 198.75 8.48 6.57 0.00 0.00 3.3500 2.59   11.71%   104.40% 30-Sep-2016 3.75 1.46 44.22 1.12 2.26% 0.00% 30-Nov-2016 3.74 1.46 44.10 1.12 2.27% 0.00%
31-Dec-2016 29-Aug-2016 30-Jun-2016 2 953,597 44,621 34,930 33,560 - 1,466,042 - % 3.66% 2.29% 441,578 215.95 167.02 7.60 5.88 0.00 0.00 3.3200 2.57   34.07%   96.57% 30-Jun-2016 4.00 1.85 52.63 1.20 1.90% 0.00% 29-Aug-2016 3.66 1.69 48.16 1.10 2.08% 0.00%
31-Dec-2016 27-Apr-2016 31-Mar-2016 1 1,035,709 31,628 23,983 25,032 - 1,417,155 - % 2.32% 1.77% 441,481 234.60 181.40 5.67 4.38 0.00 0.00 3.2100 2.48   -43.20%   359.30% 31-Mar-2016 4.62 1.97 81.48 1.44 1.23% 0.00% 27-Apr-2016 4.38 1.87 77.25 1.36 1.29% 0.00%
31-Dec-2015 26-Feb-2016 31-Dec-2015 4 1,360,624 59,675 44,687 44,073 - 1,392,706 - % 3.28% 3.16% 440,730 308.72 238.31 10.00 7.72 0.00 0.00 3.1600 2.44   140.28%   382.67% 31-Dec-2015 4.38 1.42 43.80 1.39 2.28% 0.00% 26-Feb-2016 4.30 1.39 43.00 1.36 2.33% 0.00%
31-Dec-2015 27-Nov-2015 30-Sep-2015 3 886,306 28,533 20,016 18,342 - 1,345,959 - % 2.26% 1.36% 439,856 201.50 155.24 4.17 3.21 0.00 0.00 3.0600 2.36   7.43%   -50.48% 30-Sep-2015 4.75 2.36 113.91 1.55 0.88% 0.00% 27-Nov-2015 4.65 2.31 111.51 1.52 0.90% 0.00%
31-Dec-2015 02-Sep-2015 30-Jun-2015 2 764,582 24,584 18,457 17,073 - 1,350,879 - % 2.41% 1.26% 440,025 173.76 133.92 3.88 2.99 0.00 0.00 3.0700 2.37   213.27%   -48.11% 30-Jun-2015 4.66 2.68 120.10 1.52 0.83% 0.00% 02-Sep-2015 3.80 2.19 97.94 1.24 1.02% 0.00%
31-Dec-2015 15-May-2015 31-Mar-2015 1 630,873 7,989 5,157 5,450 - 1,331,733 - % 0.82% 0.41% 439,516 143.54 110.50 1.24 0.95 0.00 0.00 3.0300 2.33   -40.31%   -83.82% 31-Mar-2015 5.09 3.55 410.48 1.68 0.24% 0.00% 15-May-2015 4.46 3.11 359.68 1.47 0.28% 0.00%
31-Dec-2014 27-Feb-2015 31-Dec-2014 4 863,734 12,373 9,960 9,131 - 1,321,361 - % 1.15% 0.69% 438,990 196.75 151.28 2.08 1.60 0.00 0.00 3.0100 2.31   -75.35%   -74.99% 31-Dec-2014 5.16 2.62 248.08 1.71 0.40% 0.00% 27-Feb-2015 5.55 2.82 266.83 1.84 0.37% 0.00%
31-Dec-2014 21-Nov-2014 30-Sep-2014 3 787,044 50,534 39,796 37,042 - 1,313,826 - % 5.06% 2.82% 439,406 179.12 137.85 8.43 6.49 0.00 0.00 2.9900 2.30   12.59%   -3.81% 30-Sep-2014 5.94 3.32 70.46 1.99 1.42% 0.00% 21-Nov-2014 5.90 3.29 69.99 1.97 1.43% 0.00%
31-Dec-2014 26-Aug-2014 30-Jun-2014 2 655,345 48,412 35,131 32,901 - 1,294,106 - % 5.36% 2.54% 438,680 149.39 114.78 7.50 5.76 0.00 0.00 2.9500 2.27   -2.32%   2,748.57% 30-Jun-2014 6.94 4.65 92.53 2.35 1.08% 0.00% 26-Aug-2014 6.00 4.02 80.00 2.03 1.25% 0.00%
31-Dec-2014 09-May-2014 31-Mar-2014 1 546,638 48,955 35,973 33,684 - 1,271,921 - % 6.58% 2.65% 438,593 124.63 95.74 7.68 5.90 0.00 0.00 2.9000 2.23   -7.72%   53.38% 31-Mar-2014 6.60 5.30 85.94 2.28 1.16% 0.00% 09-May-2014 6.46 5.18 84.11 2.23 1.19% 0.00%
31-Dec-2013 25-Feb-2014 31-Dec-2013 4 491,450 52,528 39,907 36,503 - 1,240,222 - % 8.12% 2.94% 439,795 111.75 86.08 8.30 6.39 0.00 0.00 2.8200 2.17   -5.21%   63.70% 31-Dec-2013 6.51 5.83 78.43 2.31 1.27% 0.00% 25-Feb-2014 6.04 5.41 72.77 2.14 1.37% 0.00%
31-Dec-2013 29-Nov-2013 30-Sep-2013 3 471,913 58,951 42,647 38,508 - 1,200,363 - % 9.04% 3.21% 438,088 107.72 82.65 8.79 6.74 0.00 0.00 2.7400 2.10   3,234.03%   -18.68% 30-Sep-2013 5.62 5.22 63.94 2.05 1.56% 0.00% 29-Nov-2013 6.10 5.66 69.40 2.23 1.44% 0.00%
31-Dec-2013 27-Aug-2013 30-Jun-2013 2 313,990 4,653 1,707 1,155 - 1,190,538 - % 0.54% 0.10% 444,230 70.68 54.99 0.26 0.20 0.00 0.00 2.6800 2.09   -94.74%   -97.90% 28-Jun-2013 5.60 7.92 2,153.85 2.09 0.05% 0.00% 27-Aug-2013 5.52 7.81 2,123.08 2.06 0.05% 0.00%
31-Dec-2013 30-Apr-2013 31-Mar-2013 1 427,058 29,304 21,803 21,961 - 1,223,086 - % 5.11% 1.80% 454,679 93.93 74.80 4.83 3.85 0.00 0.00 2.6900 2.14   -1.52%   -48.92% 29-Mar-2013 5.54 5.90 114.70 2.06 0.87% 0.00% 30-Apr-2013 5.63 5.99 116.56 2.09 0.86% 0.00%
31-Dec-2012 31-Dec-2012 4 383,778 22,138 18,593 22,299 - 1,353,557 - % 4.84% 1.65% 433,832 88.46 67.22 5.14 3.91 0.00 0.00 3.1200 2.37   -52.91%   -48.53% 31-Dec-2012 5.76 6.51 112.06 1.85 0.89% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 01-Mar-2013 30-Sep-2012 3 420,780 61,118 47,198 47,351 - 1,480,321 - % 11.22% 3.20% 482,189 87.26 73.70 9.82 8.29 0.00 0.00 3.0700 2.59   -13.94%   -42.19% 28-Sep-2012 6.55 7.51 66.70 2.13 1.50% 0.00% 01-Mar-2013 5.10 5.84 51.93 1.66 1.93% 0.00%
31-Dec-2012 04-Sep-2012 30-Jun-2012 2 281,602 73,369 54,865 55,021 13,870 1,391,707 25.21% 19.48% 3.95% 462,361 60.91 49.32 11.90 9.64 3.00 2.43 3.0100 2.44   27.98%   -29.40% 29-Jun-2012 6.29 10.33 52.86 2.09 1.89% 0.48% 04-Sep-2012 6.81 11.18 57.23 2.26 1.75% 0.44%
31-Dec-2012 08-May-2012 31-Mar-2012 1 228,783 57,310 42,946 42,992 - 1,360,863 - % 18.77% 3.16% 470,887 48.59 40.07 9.13 7.53 0.00 0.00 2.8900 2.38   -0.76%   -30.54% 30-Mar-2012 6.90 14.20 75.58 2.39 1.32% 0.00% 08-May-2012 6.66 13.71 72.95 2.30 1.37% 0.00%
31-Dec-2011 24-Feb-2012 31-Dec-2011 4 313,568 64,631 47,014 43,322 21,704 1,211,106 50.10% 14.99% 3.58% 434,088 72.24 54.92 9.98 7.59 5.00 3.80 2.7900 2.12   -47.11%   -11.12% 30-Dec-2011 5.59 7.74 56.01 2.00 1.79% 0.89% 24-Feb-2012 6.25 8.65 62.63 2.24 1.60% 0.80%
31-Dec-2011 29-Nov-2011 30-Sep-2011 3 326,055 103,433 81,919 81,911 - 1,166,950 - % 25.12% 7.02% 433,810 75.16 57.11 17.24 14.35 0.00 0.00 2.6900 2.04   5.10%   65.79% 30-Sep-2011 4.00 5.32 21.18 1.49 4.72% 0.00% 29-Nov-2011 4.75 6.32 25.16 1.77 3.98% 0.00%
31-Dec-2011 26-Aug-2011 30-Jun-2011 2 288,185 113,158 77,791 77,936 12,992 1,100,001 16.67% 26.99% 7.09% 433,071 66.54 50.48 15.92 13.65 3.00 2.28 2.5400 1.93   25.92%   162.51% 30-Jun-2011 3.76 5.65 20.89 1.48 4.79% 0.80% 26-Aug-2011 4.19 6.30 23.28 1.65 4.30% 0.72%
31-Dec-2011 12-May-2011 31-Mar-2011 1 238,484 81,554 20,578 61,894 - 1,033,898 - % 8.63% 5.99% 432,593 55.13 41.77 12.84 10.84 0.00 0.00 2.3900 1.81   26.98%   161.41% 31-Mar-2011 3.50 6.35 24.46 1.46 4.09% 0.00% 12-May-2011 3.48 6.31 24.32 1.46 4.11% 0.00%
31-Dec-2010 25-Feb-2011 31-Dec-2010 4 212,590 69,510 52,224 48,743 - 972,522 - % 24.57% 5.01% 430,319 49.40 37.23 10.43 8.54 0.00 0.00 2.2600 1.70   -1.34%   44.89% 30-Dec-2010 3.87 7.83 34.17 1.71 2.93% 0.00% 25-Feb-2011 3.68 7.45 32.49 1.63 3.08% 0.00%
31-Dec-2010 24-Nov-2010 30-Sep-2010 3 213,000 73,159 54,633 49,405 - 927,857 - % 25.65% 5.32% 429,563 49.59 37.31 11.46 8.65 0.00 0.00 2.1600 1.63   66.41%   98.76% 30-Sep-2010 2.81 5.67 24.43 1.30 4.09% 0.00% 24-Nov-2010 3.23 6.51 28.08 1.50 3.56% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  5 people like this.
 
UnicornP This one is 99% win in coming months..
22/09/2020 8:33 AM
johoran sop belong to
Shin Yang Plantation, Tan sri Datuk Ling Chiong Ho-47%
Pelita Holding, state financial secretary sarawak-28%
public investors-25%
22/09/2020 9:00 AM
Gtrade Harga CPO lambung lagi
Ternampak Mabel menari nari
Pekebun sawit senyum di hati
Buang kancil Protonx70 yg mari
Saham sawit sikit sikit beli
22/09/2020 10:43 AM
johoran FFB 97,494
CRUDE PALM OIL 28,983
PALM KERNEL 6,358

Feb 2020
FFB 94,091
CRUDE PALM OIL 26,036
PALM KERNEL 5,562

March 2020
FFB 102,082
CRUDE PALM OIL 29,374
PALM KERNEL 6,512

April 2020
FFB 107,627
CRUDE PALM OIL 31,281
PALM KERNEL 6,483

May 2020
FFB 113,066
CRUDE PALM OIL 32,889
PALM KERNEL 6,941

June 2020
FFB 123,951
CRUDE PALM OIL 33,897
PALM KERNEL 7,387

JULY 2020
FFB 128,325
CRUDE PALM OIL 35,626
PALM KERNEL 8,197

AUGUST 2020
FFB 130,964
CRUDE PALM OIL 37,807
PALM KERNEL 8,527
22/09/2020 6:35 PM
selesa2020 Power88, I think sop grp profits were much better than that. Year 2017 wasn't the highest.
22/09/2020 8:32 PM
selesa2020 Recalled, sop shares were trading Ard RM6.50 to RM7 between 2012~2015, they were making profits over 250mil per annum.
22/09/2020 8:38 PM
UnicornP Just wait next QR. Mark on KLK's next QR's prospect too.
23/09/2020 7:07 PM
5354_ Swk Plant cheaper and better QR. SOP I think wait next QR.
25/09/2020 12:32 PM
Gabriel Khoo but SOP valuation much more cheaper than sarawak plantation
25/09/2020 8:02 PM
chshzhd sop swkplnt taan all good...kmloong good div n cash
29/09/2020 3:13 PM
chshzhd inno the best but smaller company
29/09/2020 3:16 PM
Mabel CPO prices has bottom out at RM2757 at up again at RM 2822s level .., price firming uptrend.

Malaysian has Become the Top Palm Oil Supplier to China (Malaysia even beat Indonesia World No 1 Palm Oil Producer)

Malaysia’s palm oil exports to China increased by 31.9% or 316,400 MT over last year to 1.31 million MT from January to June 2020, while Indonesia shipped 1.28 million MT of PO to China, decreased by 42.7% or 956,400 MT. As a result, PO market share commanded by Malaysia in China up to June this year rose from 30.7% held last year to 50.3%, and Indonesia’s share slid to 49.2% from 69.2% for the same period in comparison. Malaysia has become the top PO supplier once again since 2015.
29/09/2020 10:15 PM
Mabel There are several risks factors on any Plantation earnings estimates, price target and rating. Key risks to the palm oil sector are:

(i) weather anomalies resulting in poorer-than-expected output growth -*Let's hope for a good weather the next coming 3 months*.

(ii) lower than-expected CPO price achieved – *On Target and currently CPO is Up trending*

(iii) negative policies imposed by import countries – *Positive*. The exemption of CPO export duty by the government of Malaysia till Dec 2020 will be positive for CPO exports (especially to India) and will help support CPO price which is expected to be under pressure in 3Q20 due to the anticipated stockpile build-up amid seasonal production recovery

(iv) unfriendly policies imposed by the Malaysian and Indonesian government on upstream or downstream segments – *Already factored on India’s move to restrict the importation of refined palm oil*. This will result in quicker build-up of MPOB stockpile when output recovers from 2Q20, and cap CPO price upside

(v) sharply lower crude oil prices which makes palm biodiesel demand not viable – *Brent has already breached USD 40*

(vi) weaker competing oil prices (like soybean and rapeseed- *On Target*. Alternative Oil Prices is on the rise which make Palm Oil very attractive.

Meow Meow Meow
30/09/2020 8:44 AM
power88 Maintain sector NEUTRAL,

Top Picks: IJM Plantations, Wilmar, and
Astra Agro Lestari. The stricter lockdown of four areas in Sabah should
not have a significant impact on Malaysia’s CPO output, given the 2-week
timeframe and the continuation of palm oil operations. Should this lockdown
be extended or expanded, however, the risk to output would be more
significant, given the peak harvesting period currently.

The Government has imposed strict movement restrictions in four
districts in Sabah – Lahad Datu, Tawau, Kunak and Semporna, after over
1,000 COVID-19 infections have been reported there this month. As part of
the efforts to contain the outbreak, non-essential businesses in these areas
will be required to shut down starting 29 Sep for 14 days. Sabah accounts
for 25% of the CPO produced in Malaysia.

 Kunak district to resume operations. Initially, Kunak declared that all
palm oil estates and mills in the area were not allowed to operate during
this period. However, they have since retracted the statement and declared
that palm oil operations can now operate, but at 50% capacity. We
understand that it is up to the district officer of each district to decide on the
allowable operations in the area.

 These four areas are allowed to operate, but at 50% capacity. Based on
our understanding, plantations in all four areas are now allowed to operate,
but at 50% capacity. However, even the 50% capacity is being disputed, as
some companies have said there has been no such ruling on this cap, while
others are abiding by this for two weeks.

 As such, we would not expect too much of a disruption to output in
Sabah from this disruption. However, should the suspension of operations
be extended and expanded to other areas, there may be a more significant
impact. We have outlined the companies with landbank in the four areas in
Sabah in Figure 2.

 Based on our assessment, the company with the largest exposure to the
four Enhanced Movement Control Order (EMCO) areas is Kuala Lumpur
Kepong (15%). We understand, however, that even with operations at 50%
in the aforementioned areas, the harvesters will still be fully deployed,
particularly during this peak season. The workers involved in the less urgent
jobs like maintenance, road infrastructure and fertiliser application may be
the ones that would not be utilised during this 2-week period.

 No change to our NEUTRAL sector weighting. While we do not expect
this suspension to have a major impact on productivity, there is still a risk of
extension and expansion. This could imply that the sentiment on CPO
prices may remain elevated during this period, and any further pullback may
only happen once the uncertainties or risks are lessened.
30/09/2020 9:24 AM
power88 sabah lock down..
30/09/2020 9:24 AM
power88 sop target 4.20
30/09/2020 9:26 AM
power88 Cpo 2700 still good
30/09/2020 11:22 AM
Mabel THE HISTORY OF MABEL PALM OIL

The Palm Oil, whose scientific name is Elaeis guineensis Jacq, originates from West Africa. It were first brought into this country by the British in the 1870’s as an ornamental plant in their gardens. However, other countries were already familiar it and its uses. Among the earliest evidences of its usage were
• Traces of my ancestors found in burial urns aged 5000 years in Abydos, Egypt
• The barter of palm oil for salt centuries ago
• A lubricant for engines and in the manufacture of candles, soap and margarine in Europe during the 19 th century.

Palm Oil started to make Malaysia its home on a large scale in the 1960’s. This started when the Malaysian Government introduced a land cultivation scheme for the purpose of planting oil palm trees.The purpose of this scheme was to eradicate poverty and raise the standard of living for the rural population. Today, palm oil grows and flourish in palm oil plantations which can be found throughout the country, from Perlis to Sabah.
30/09/2020 12:18 PM
skyea DG hisham say patuh SOP. but he didnt say target price.
01/10/2020 6:29 PM
Mabel Well done !
01/10/2020 10:15 PM
selesa2020 Quick goreng goreng goreng... Expect fantastic qtr. CPO price q 3 is the most impressive todate. Q4 , hopefully maintain, seasonal yield records indicating that , productions normally dwindled a bit in Q4.
02/10/2020 7:25 PM
power88 cpo 2890
08/10/2020 4:29 PM
Mabel CPO Prices for March to May was Between RM2,100 to RM2,300

From June to August CPO prices have gone up to between RM2,400 and RM2,600

SO IT IS BENEFITTING FROM CPO PRICE SURGE (AND TODAY CPO TOUCHES RM3,000 (OCTOBER 9th 2020)

Meow Meow Meow
09/10/2020 7:23 PM
johoran At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.

Prices advanced for a fifth day and have climbed almost 8% this week.

At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

Futures are also supported by dry weather in Brazil, which threatens the soybean crop and is bolstering prices of rival soybean oil.

“Sentiment has been underpinned by good demand and prospects of higher exports to China and India, ” said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental. Weather concerns in Brazil are adding to this, he said.

India’s palm oil imports are seen rising to 8.85 million tons in 2020-21 from 8 million tons a year earlier, Thomas Mielke, chief executive officer of Oil World, said in an online seminar Thursday.

Palm oil prices will depend entirely on the performance of Indonesia’s biodiesel mandate to blend 30% of palm-biofuel with 70% diesel, known as B30, according to veteran analyst Dorab Mistry, a director at Godrej International.

Palm’s premium over gasoil has surged in recent months, making mandatory biodiesel programmes much more expensive to run.- Bloomberg
09/10/2020 9:25 PM
johoran KUALA LUMPUR (Oct 10): Exports of Malaysian palm oil products for Oct 1-10 rose 13.3% to 535,552 tonnes from the 472,780 tonnes shipped during Sept 1-10, according to independent inspection company AmSpec Agri Malaysia on Saturday.
11/10/2020 11:07 AM
daretocutandchange looking for low pe oilpalm stocks?bumitama 48.5cts(p8z.sg)half year eps 2.3cts.sg and watch out sarawak plantation,after ta ann took over the management,the efficiency increase dramatically to boost up it net margin.be patient........
11/10/2020 11:38 AM
Gabriel Khoo SOP has better margin going forward. watch out. management has said b4. their ultimate goal is to drive the margin expansion tru quality palm oil product. no longer focus much on volume although they output is still on uptrend and rank no 6 in malaysia
11/10/2020 5:59 PM
power88 https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-10-story-h1534582167-TOP_10_REASONS_WHY_PALM_OIL_STOCKS_MIGHT_GO_UP_IN_A_POWERFUL_BULL_RUN_C.jsp
12/10/2020 8:29 AM
enning22 stock,or inventary ,for palm oil and soyabean ,all said to be at 5 year low,and price hit 5 year high, all seen positive trend, for at least for another year.
13/10/2020 3:43 PM
johoran SOP

Q1
FFB CPO PRICE REVENUE
Jan-20 99,711 32,766 2004 65,663,064
Feb-20 105,828 33,173 1917 63,592,641
Mar-20 101,527 29,533 2107 62,226,031
TOTAL 307,066 95,472 191,481,736
Profit=71m
EPS=12.47


Q2
Apr-20 107,627 31,281 2299 71,915,019
May-20 113,066 32,889 2074 68,211,786
Jun-20 123,951 33,897 2411 81,725,667
TOTAL 344,644 98,067 221,852,472
Profit=38m
EPS=6.72


Q3
Jul-20 128,325 35,626 2519 89,741,894
Aug-20 130,964 37,808 2825 106,807,600
Sep-20 134,909 38,079 2924 111,342,996
TOTAL 394,198 111,513 307,892,490

Estimate Q3
Revenue up 38.78% = 86 m
Production up 13-14%
Price up 20-25%
Profit = 90-100m
EPS=15

Share price target
EPS=12.47+6.72+15+15=49.19 sen
PE=14x49.19=RM 6.88
16/10/2020 8:19 PM
16/10/2020 9:54 PM
Max88 SOP cantik. Strong cash flow.
16/10/2020 10:05 PM
power88 Share price belum cantik
16/10/2020 10:52 PM
Investorrr those who hv bought SOP could laugh to the internet banking next year as SOP so cheap with high EPS .if based on 24x2021 PE..sop could go as high as rm11-rm12
..only proplem is the stock less liquid .
17/10/2020 11:47 AM
Gabriel Khoo yes. margin expansion not only due to high CPO price but moving towards quality of palm oil products and high margin products as Management emphasized during last corporate presentation organized by RHB.
17/10/2020 4:45 PM
selesa2020 Base on Qtr 3 CPO price, Sop should make over RM80mil this qtr.
19/10/2020 2:27 PM
selesa2020 Looking forward to an outstanding qtryly result.
19/10/2020 2:30 PM
power88 at least 80m.....
19/10/2020 6:42 PM
power88 share price still undervalue
19/10/2020 6:43 PM
LuckyG enjoy collecting !
20/10/2020 10:07 AM
kinuxian About a month+ for next QR. Plenty of time unless benchmark month FCPO price on uptrend back and break 3K.

For 3Q20 vs 2Q20, if merely take CPO x average selling price, its about 38% gain. However, for Y2Y comparison, its about 23% gain due to lower production output.

80m profit a bit far fetch unless forex gain. 50m+ should within reasonable range.
20/10/2020 3:06 PM
johoran Malaysia's Oct 1-20 palm oil exports rise 4.3% m-o-m — AmSpec Agri
TheEdge Tue, Oct 20, 2020 02:07pm - 8 hours ago


KUALA LUMPUR (Oct 20): Exports of Malaysian palm oil products for Oct 1-20 rose 4.3% to 1,084,701 tonnes from 1,040,085 tonnes shipped during Sept 1-20, according to independent inspection company AmSpec Agri Malaysia on Tuesday.
20/10/2020 11:01 PM
Newbieinshare CPO ranging 2800-3000..... but nobody interested in plantation stock. Tak apa. i senyap senyap sapu
21/10/2020 1:12 PM
selesa2020 Boss, sekarang musin sarung tangan dan vaccines, mana mana syarikat yg berkaitan org berminat goreng habis habisan. MASING BELUM BUAT LAGI SUDAH SAMPAI BULAN. Counter sawit bukan utk org org muda skg.. mereka kata, ini tak in lagi.
21/10/2020 1:16 PM
selesa2020 Kalo ada duit, senyap senyap sapu... Nanti untung kuat, sampai poket berpecah belah.
21/10/2020 1:19 PM
kinuxian https://themalaysianreserve.com/2020/09/14/cpo-prices-to-hover-around-rm2500-by-year-end-as-demand-recovers/

So far, plantation segment perform better than research house estimation:

1. "over the past 10 years, the average palm oil stock level at end-Aug for Malaysia was around 2.06 million tonnes,"
- Aug 1.7mil tonnes, Sept 1.72 mil tonnes

2. "CGS-CIMB Securities Sdn Bhd analyst Ivy Ng raised her average CPO price forecast for 2020 to RM2,500 per tonne from RM2,300 per tonne previously"
- Average cpo around 2611 up to 20 Oct.

If CPO price sustain within 2.6K - 2.8K by mid/late Nov, we shall see some encouraging Q4 result and full year result could potentially touching 200mil again like 2011 and 2017. Stock price still dismay if compared to historical records.
21/10/2020 1:58 PM
power88 yes...200mil..SOP bonus issue
21/10/2020 7:36 PM
LuckyG Free warrant also lah... Can collect money to cut debt or expansion in future.
21/10/2020 8:58 PM
johoran hopefully management do something
22/10/2020 7:52 AM
johoran 2nd Quarter FY2020 (“Q2FY2020”) vs 1st Quarter FY2020 (“Q1FY2020”)

The Group posted total revenue of RM626.1 million in Q2FY2020 compared with RM518.1 million reported in Q1FY2020.
The Group reported a profit before tax of RM51.5 million compared with RM96.3 million reported in Q1FY2020. This was principally due to lower palm products average realised prices in current quarter. For the quarter under review, simple average palm products' realised prices against last quarter were as below:-


Q1FY 2020
Palm Oil Products (RM/mt) 2,679
Palm Kernel Products (RM/mt) 1,869

Q2FY 2020
Palm Oil Products (RM/mt) 2,357
Palm Kernel Products (RM/mt) 1,736

Q3FY 2020
?
22/10/2020 8:03 AM
kinuxian @johoran..

Average selling CPO price from MPBO are: July, Aug, Sept - 2,519 2,815 2,924 respectively. It shouldn't run too far for actual realized price.

There are fixed cost and let says average production cost is 1800. If you derive using this approach, it might hits as high as 106mil for 3Q20 for CPO alone without PK. If you free enough, probably can do a backtest against past records to derive more precise figure. I'm always take more conservative approach to avoid disappointment. Any profit surprise, take it as bonus like what happened in Q1.

There're always elements that hard to predicts by outsider, like fair value gain on derivatives, etc.
22/10/2020 12:00 PM