Malaysian Ringgit is depreciating as shown on the chart below. All plantation companies will gain additional profit due to the foreign exchange advantage.
In fact, recently the Indonesian government-imposed CPO export restriction which will continue to push up CPO prices in the world market as shown on the CPO price chart below.
Moreover, recently our government announced to allow foreign workers to come to work. As a result, all plantation companies should be able to produce more fresh fruit bunches (FFB) to make more profit.
Based on its company’s actual FFB productions in the last 3 months is the most accurate method to compare plantation stocks.
The table below shows the comparison of each company’s 3 months FFB production ÷ market capitalisation. Subur Tiasa and Jaya Tiasa are the 2 best stocks.
|
Name |
FFB (ton) |
3 months FFB |
Market Cap. Rm. |
3 months FFB ÷ market cap |
|
|
Subur Tiasa |
23,117 |
|
|
|
|
|
|
18,295 |
64,269 |
480 million |
134 |
1 |
|
|
22,587 |
|
|
|
|
|
Jaya Tiasa |
55,363 |
|
|
|
|
|
|
43,722 |
151,243 |
1,130 million |
134 |
2 |
|
|
52,158 |
|
|
|
|
|
MHC |
10,035 |
|
|
|
|
|
|
9,005 |
29,639 |
269 million |
110 |
3 |
|
|
10,599 |
|
|
|
|
|
Sarawak Plant |
22,897 |
|
|
|
|
|
|
19,126 |
62,661 |
862 million |
73 |
4 |
|
|
20,038 |
|
|
|
|
|
SOP |
76,723 |
|
|
|
|
|
|
88,787 |
267,788 |
3,997 million |
67 |
5 |
|
|
102,278 |
|
|
|
|
|
Ta Ann |
45,505 |
|
|
|
|
|
|
47,364 |
154,723 |
2,736 million |
57 |
6 |
|
|
61,854 |
|
|
|
|
|
Cepatwawasan |
6,982 |
|
|
|
|
|
|
6,713 |
21,973 |
389 million |
56 |
7 |
|
|
8,278 |
|
|
|
|
|
Hap Seng |
43,653 |
|
|
|
|
|
|
40,628 |
136,468 |
2,616 million |
52 |
8 |
|
|
52,187 |
|
|
|
|
|
Teck Guan |
1,0035 |
|
|
|
|
|
|
884 |
3,062 |
79 million |
39 |
9 |
|
|
1,138 |
|
|
|
|
Note: Subur Tiasa, Jaya Tiasa and Ta Ann also have sawn timber, plywood, chick board productions.
https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-05-01-story-h1622381205-Based_on_FFB_production_of_each_company_is_the_most_accurate_method_for
