Hi guys
After 3 years the Cycle of Boom has come back for all Palm oil stocks
This latest result attest to the coming bull run
See
Jtiasa latest result
SUMMARY OF KEY FINANCIAL INFORMATION
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
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CURRENT YEAR QUARTER
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PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR
CORRESPONDING PERIOD |
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30 Jun 2021
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30 Jun 2020
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30 Jun 2021
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30 Jun 2020
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$$'000
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$$'000
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$$'000
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$$'000
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| 1 | Revenue |
198,900
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137,863
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723,405
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701,883
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| 2 | Profit/(loss) before tax |
44,948
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-107,386
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77,076
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-129,572
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| 3 | Profit/(loss) for the period |
18,748
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-35,071
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31,329
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71,950
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| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
18,797
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-34,672
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31,399
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-72,092
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| 5 | Basic earnings/(loss) per share (Subunit) |
1.94
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-3.58
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3.24
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-7.45
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| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
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0.00
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0.00
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0.00
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.1800
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1.1500
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YoY (year on year)
Revenue up from Rm137.863 millions to Rm198.9 Millions or up 44%
From loss of -3.58 sen to a profit of 1.94 sen (Difference 152% improvemenr)
NAV also up from Rm1.15 to Rm1.18
All round improvement
Let's see its value
At 1.94 sen
Annualised 1.94x4 = 7.76 sen
Current price is 65 sen
So Jtiasa P/E is
65/7.76
= 8.37
Only single digit P/E which is undemanding
Now that the Most Fruitful season yet ahead we will see better results for November 2021
(Reporting for FFB months of July, August & September 2021)
And Palm oil is so transparent we can SEE ahead of time by its monthly FFB (Fresh fruit production)
This nice 1.94 profit was for Months of April, May & June 2021
The Company wishes to announce the crop and logs production of the Group for the month of April 2021 as follows:
1) Fresh Fruit Bunches - 59,420 metric tonnes
2) Crude Palm Oil - 13,067 metric tonnes
3) Palm Kernel - 2,767 metric tonnes
4) Logs - 16,708 cubic metres
The Company wishes to announce the crop and logs production of the Group for the month of May 2021 as follows:
1) Fresh Fruit Bunches - 59,368 metric tonnes
2) Crude Palm Oil - 11,438 metric tonnes
3) Palm Kernel - 2,356 metric tonnes
4) Logs - 10,002 cubic metres
The Company wishes to announce the crop and logs production of the Group for the month of June 2021 as follows:
1) Fresh Fruit Bunches - 59,883 metric tonnes
2) Crude Palm Oil - 11,198 metric tonnes
3) Palm Kernel - 2,389 metric tonnes
4) Logs - 7,618 cubic metres
From above we see total FFB for April to June is 178,671 tonnes of FFB
Let's look at July & August 2021 FFB (Sept will be reported by Oct 2021)
The Company wishes to announce the crop and logs production of the Group for the month of July 2021 as follows:
1) Fresh Fruit Bunches - 57,090 metric tonnes
2) Crude Palm Oil - 10,597 metric tonnes
3) Palm Kernel - 2,280 metric tonnes
4) Logs - 10,724 cubic metres
The Company wishes to announce the crop and logs production of the Group for the month of August 2021 as follows:
1) Fresh Fruit Bunches - 66,155 metric tonnes
2) Crude Palm Oil - 12,486 metric tonnes
3) Palm Kernel - 2,867 metric tonnes
4) Logs - 16,161 cubic metres
This announcement is dated 21 September 2021.
So the combined two months of July & August 2021 FFB now at 123,245 tonnes
And these months witness Cpo prices range from Rm4200 to Rm4500 per metric ton
By past examples Sept to Dec months are the most productive time due to abundant rain fall
So we can look forward to better times yet ahead
BETTER TIMES YET AHEAD?
YES!
A) NOVEMBER 14 2021 is Deepavali in Malaysia/Singapore & Diwali in India
INDIA's 1.35 MILLION PEOPLE WILL USE LOTS OF PALM OIL FOR THIS FESTIVAL
B) CHRISTMAS & YEAR 2022 NEW YEAR CELEBRATION
Lots of cakes, cookies, Food & celebrations. More use of palm oil as 50% of all Supermarket foods got palm oil
C) CHINESE LUNAR NEW YEAR FEBRUARY 1 2022
1.4 BILLIONS CHINESE WILL FEAST FOR 15 DAYS TILL CHAP GOH MEI
D) AND BETWEEN THIS TIME IS COLD COLD WINTER
Bank of America forecast this will be a Very Cold Winter & OIL will Spike Up to USD100 per barrel
See
Sept 13 (Reuters) - Bank of America Global Research said it could bring forward its $100 per barrel oil price target to the next six months from mid-2022 if the winter is colder than usual, potentially driving a surge in demand and widening a supply deficit.
A much colder than normal winter could lead global oil demand to surge by 1 to 2 million barrels per day (mbpd), with the winter supply shortfall easily exceeding 2 mpbd in such a scenario, the bank said in a note dated Sept. 10.
The bank maintained its Brent price forecast for the second half of 2021 at $70 a barrel, predicting range-bound prices, but said it saw Brent at $75/bbl by year end on "growing upside risks."
"We project modest deficits over the coming months that should support oil prices into year-end and beyond," analysts at the bank said in the note.
If that is true then Biodisel use will also spike up leading to high Soyoil & Palm Oil prices
E) WORLD POPULATION GROWS BY 160 MILLLION PEOPLE
Since March 2020 lock down Covid 19 death till now is less than 5 million people on earth total
But population growth per year is 80 Millions (just one per cent more babies born in one year out of 8 Billion human beings on earth) By March 2022 that will be 160 Million more people
All people need palm oil even babies
See
CHILDREN
- Infant formula
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Palm oil is high in palmitic acids, which is also found in breast milk. That is why palm oil is often used in infant milk formula as it most closely mimics the nutrition profile of breast milk.
Palm oil ingredient name: Palm olein - THEN THERE IS THE UPSURGE OF BIODISEL USE IN USA AS MANY ARE CONVERTING FOSSIL FUEL REFINERY TO BIODISEL REFINERY
- SEE
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A giant oil company is building the world's largest plant that turns vegetable oil and grease into fuel — yet another sign of rising demand for cleaner gasoline
- Phillips 66 is converting a crude oil refinery in California into the world's largest renewable fuels plant, the company said Wednesday.
- The plant will turn used cooking oil, fats, greases, and soybean oil into diesel, gasoline, and jet fuel for the California market, which has a low-carbon-fuel standard.
Right now in USA pastries shop are seeing high prices for corn and soybean as more are diverted to Biodisel Refinery
So they are crying out due to lack of cheap soybean
That is why Palm OIl Prices will remain elevated as the Biodisel Factor due to Renewable Energy has now come into focus
JTIASA & ALL OTHER PALM OIL COMPANIES WILL DO EXCEEDINGLY WELL IN SPITE AND DESPITE OF ESG & IB BANKERS DOWNGRADE & ILL INFORMED FUNDS STAY AWAY
JUST LOAD UP ON PALM OIL STOCKS
WITH COST OF CPO PRODUCTION AT RM1500 & PRICES REACHING RM3500 TO RM4500 TON RANGE FOR THE REST OF 2021 AND FAR INTO 2022/2023/2024 (PHILLIPS 66 REFINERY UP AND RUNNING BY YEAR 2022 WITH NEW DEMAND)
THE 133% TO 200% PROFIT IS REAL, CONSISTENT & CONTINUING INTO THE DISTANCE FUTURE
THE BEST IS YET TO COME
Jtiasa now 65 sen
One year target price Rm1.30
See when it can reach the target
Best regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your remisier/fund manger
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-09-23-story-h1571676676-JAYA_TIASA_4383_Excellent_Results_YoY_Up_152_05_QoQ_Up_169_94_Calvin_Ta.jsp
