JTIASA: Just Like Any Other Plantation Counters
Earlier last month I shared on RSAWIT , one of my favorite counter that gave me 100% return last year. The fact that the plantation business are mostly depending on commodity price (in this case CPO), you can't deny to also look at how is the FCPO going now.
The good thing at this point of time is that FCPO has already broke the downtrendline signalling for an uptrend move. Higher price means more profit.
Let's look at JTIASA fundamentally:
- EPS:Rubbish
- ROE:Rubbish
- PE Ratio: Rubbish
- NTA: 1.25 (Undervalue)
- Shareholder, well a lot of recent shareholder disposed their shares..so..
- Financially, Q1 shows positive return possibly from higher CPO price in early Jan 2020. Can it maintain positive next quarter?
- To summarize, its not a good fundamental company so i would personally not go for long term. Short term just suffice.
Just like the rest of the news for plantation...let's follow through the news for CPO
Few recent news and its implication:
- Q4 2019: CPO gain its momentum and went to 3k
- Jan 6, 2020: FGV units to explore investment in Pakistan Port: up to 25% stake in Fauji Akbar Portia Marine Terminals Ltd ( FAP ). This is good especially Pakistan is our 3rd biggest importer of CPO . We have more control to the port.
- Jan 13, 2020: India urges boycott of Malaysian palm oil after diplomatic row. Resultant to that, FCPO drops to now. Note that India is our major CPO importer.
- 10 May 2020: rumor that India will buy back our CPO . Its just a rumor... but most plantation counters were already make a move.
- 19 May 2020: India announce will continue to buy our CPO . That means only one.. UP!
- 22 May 2020: Statement from MPOB indicating that CPO will further move up. This will obviously impacting the revenue of plantation counters. OPPORTUNITY!
- CPO potentially will be traded at RM2.3k-2.4k in a few month. This is due to good malaysia-india diplomatic relation thanks for TSMY.
The good thing at this point of time is that FCPO has already broke the downtrendline signalling for an uptrend move. Higher price means more profit.
Let's look at JTIASA fundamentally:
- EPS:Rubbish
- ROE:Rubbish
- PE Ratio: Rubbish
- NTA: 1.25 (Undervalue)
- Shareholder, well a lot of recent shareholder disposed their shares..so..
- Financially, Q1 shows positive return possibly from higher CPO price in early Jan 2020. Can it maintain positive next quarter?
- To summarize, its not a good fundamental company so i would personally not go for long term. Short term just suffice.
Just like the rest of the news for plantation...let's follow through the news for CPO
Few recent news and its implication:
- Q4 2019: CPO gain its momentum and went to 3k
- Jan 6, 2020: FGV units to explore investment in Pakistan Port: up to 25% stake in Fauji Akbar Portia Marine Terminals Ltd ( FAP ). This is good especially Pakistan is our 3rd biggest importer of CPO . We have more control to the port.
- Jan 13, 2020: India urges boycott of Malaysian palm oil after diplomatic row. Resultant to that, FCPO drops to now. Note that India is our major CPO importer.
- 10 May 2020: rumor that India will buy back our CPO . Its just a rumor... but most plantation counters were already make a move.
- 19 May 2020: India announce will continue to buy our CPO . That means only one.. UP!
- 22 May 2020: Statement from MPOB indicating that CPO will further move up. This will obviously impacting the revenue of plantation counters. OPPORTUNITY!
- CPO potentially will be traded at RM2.3k-2.4k in a few month. This is due to good malaysia-india diplomatic relation thanks for TSMY.
