I don't see you all post UNITED PLANTATIONS BERHAD, so I post it.
Quarterly rpt on consolidated results for the financial period ended 30/9/2013
http://www.bursamalaysia.com/market/listed...cements/1471109

Very expensive stock at RM25.80... based on latest qterly EPS of 18.76 (= RM0.75), giving PER of 34.4...IMO on the high side, also NAS is 10.43, meaning current price is nearly 2.5X NAS. IMO, the share is over-priced.

utdplt is the highest EPS and NTA among all plantation stocks and it consistently giving over 4.5% dividend.

Ya the PER is crazy although he company is cash rich... there are many more reasonably priced plantation with even better performance.

If u r plantations lover, y dun consider Genp-wa
Lower cap outlay with 5.5 yrs option
Small premium with wrt xercise @ 7.75
Lastly gearing > 3x

I can only get PER of 21.36 as link, http://klse.neobie.net/detail.php?code=2089

Do you mind give us your link?

There's no link; I've given all figures to get PER. qterly earnings of 18.76 cents, so annualized = 18.76 x 4 = RM0.75. Current price is RM25.8, so PER = Price/Earnings = 25.8/0.75 = 34.4. QED.

How can you use the lowest EPS to representation 4 quarters EPS. As you can see the link I provide, total EPS for 3 quarter is 77.79. Let's take average is 25.93.

Thus, total 4 quarter EPS should be 103.72 (77.79+25.93) and PER should be 24.88 (25.8/1.0372).

But latest qterly earnings of 4.79 cents is sucks (previous yr corresponding qter is 12.05 cents). Also NAS only RM4.48 vs current price of RM10.74. U can find a number of plantation stocks with NAS higher than current price.

Last yr CPO is weak
Dis yr every1 xpect at least 2500
U can't invest solely based on NAS > price

OSK warrant has 0 premium.
OSK price RM1.55. OSK-W price RM0.55. Exercise price RM1.

R u sure Osk or Oskprop?
Anyway, u can't compare property -v- plantation sector

Sorry, OSKProp. Also sometimes the premium is -ve.

I re-post recommended readings by gark here...

Plantation companies with best growth potential (Part 1/2)
Plantation companies with best growth potential (Part 2/2)
Firstres vs Bumitama vs TSH

Long story short... he propose FR

eh... he (Bursa Dummy) says in the 3rd posts:
'In conclusion, First Resources, Bumitama & TSH Resources are all good.'

gark
What is your pick?

Another thing is:
If CPO price goes up, will the buyers look for alternatives?

I have FR, CBIP and TSH... and BWPT on IDX

Not likely, CPO is the cheapest edible oil there is, there are no cheaper alternative. CPO price usually follow soybean oil price and trade at at a discount. This is the biggest moat for CPO, and with land in indonesia fast running out, the with the biggest landbank wins in the end.

The article is not meant for you to just scroll down and read the conclusion., you will learn nothing from it. It is meant to educate you on how to select plantations and that is invalueable when you analyze other or new plantations.

Ignore the conclusion given by the author, make your own....

This post has been edited by gark: Apr 18 2014, 11:01 AM

http://www.businessinsurance.com/article/2...EWS09/140429941

gark
Good news for plantation stocks?

Not really.. this means the price will be up but harvest will be severely down. So not really a good news.

TSH acquires plantation unit for US$7.65 mil
http://www.nst.com.my/node/12946