April 2022 Performance

 

SHARES ADDED

• Pohuat @ RM1.45

PACKAGING

BPPLAS is doing OK but Thong Guan Industries is luckluster. I have been holding for almost 1 year. Apart from small dividen, Thong Guan share price is flat. Indeed a very long term investment...zzzzz. 

 

FURNITURE

Add more Pohuat shares as I am optimistic on the coming Q result. Hevea is turning to profit after holding for 1 year. There still room for the price to go up. Generally furniture industry will be the next cycle of boom!

PLANTATION

This sector still performing very well because high CPO price. United Plantation has released their Q1 results which is lower than expected. The lower profit was due to hedging effect in which CPO price rose too fast in March 2022. However, I am confident that United Plantation will perform within a year because CPO furture contract is hovering aroung RM6k-RM7k. The company will catch up the CPO price very soon.  

INNOPRISE share price has apprecaited more than 80%. I still keep some shares for its dividen.

OTHER

The biggest surprise is CSC Steel. Appreciated approx 35%. The company also declare 14 cents dividen. Based on the purchase price of RM1.30 the yield is 10%!!

FAVCO and Samchem are flat. KAWAN share price has appreciated 7%. The company is also buying land for warehouse and factory expansion. Will keep an eye on this company.

FINANCE

ELK-DESA and Takaful are poor performers. Very disappointed especially Takaful.  RCE has appreciated a little. The only consolation is coming dividen from ELK-DESA and RCE.

Tambun Indah Land Berhad - Property Come Back??

Company : Tambun Indah Land Berhad

Business:

Small residential property developer in the mainland of Penang. The flagship development is Pearl city township which is near to Batu Kawan Industrial Park. The location is very strategic because of big tech firms are putting their factories in Batu Kawan industrial Park such as Vitrox, Pentamaster, Greatech and etc. The buying power should be strong as the employee of these companies are getting good pay.   

 

 

 

 

 

 

  

Fundamental:

 

 Financially healthy and no problem to pay dividen.

 

2021 revenue and profit surpass previous 3 years. The worst is over for the company and coming years should be profitable if company launch more developments with high take up rate.

 

Lates Q result:

 

Prospect:

• The current take-up is 76% which is not bad for a developer.
• Unbilled sales of RM131 million.
• Close proximity to Batu Kawan which is next phase of growth for tech companies.
• JF APEX- give target price of 93 cents.

 

Challenges:

• Slow launch of projects
• High building materials cost (cement/steel/etc)
• Labour shortage

 

Dividen:

 

Dividen policy is 40% of its profit. Assuming 7 cents dividen that will translate to 7.7% yield based RM0.90 price. Much better than peer of Matrix concept.

 

 

Technical Analysis on Chart:

Suggest buying at consolidation stage and hold for 6 months to 1 year duration. Buy at your own risk.

I have been holding this stock for few years. To be honest it was a mistake that I made without proper analysis. I do not want to sell at lost so keeping it until now.