Yesterday I rang Subur Tiasa Head Office, telephone number 084-211555 to verify its latest earning per share (EPS) of 16.15 sen. Its accountant told me that 16.15 EPS was for 2 months because the company wanted to change its financial year from ending in July to December. Subur Tiasa’s EPS should be adjusted for 3 months to compare it with other plantation stocks. Subur Tiasa’s EPS for 3 months should be 16.15 ÷ 2 X 3= 24.2 sen.
Comparison plantation stocks based on PE
|
Name |
Price Rm |
Latest EPS |
Latest EPS X4 |
Price ÷EPS X4 |
|
Subur |
2.10 |
24.2 |
96.8 |
2.17 |
|
Cepat |
1.17 |
7.74 |
31.0 |
3.8 |
|
SOP |
6.48 |
36.44 |
Rm1.56 |
4.2 |
|
Jaya Tiasa |
1.08 |
5.28 |
21.12 |
5.1 |
|
Sarawak Pl |
3.02 |
11.66 |
46.6 |
6.5 |
|
Hap Seng |
3.14 |
11.79 |
47.2 |
6.7 |
|
Ta Ann |
5.91 |
21.8 |
82.2 |
7.2 |
In fact, due to Indonesia’s palm oil export ban CPO price is making a new record high price as shown on the chart below. Moreover, Malaysian Ringgit depreciation as shown on the US$ exchange to Ringgit chart below, all plantation companies should report increasing profit in the next few quarters.
