LANKEM DEVELOPMENTS PLC : LDEV.N0000 : CSEOverview
LDEV is the parent company of AGARAPATANA PLANTATIONS PLC (AGPL.N0000) and 98% of group revenue of LDEV is from AGPL.
Strategy
1. Getting exposure to a probable interim dividend expected to be LKR 2.00.
LDEV subsidiary AGPL declared an interim dividend of LKR 1.00 payable on 28th Oct. 2024 which will generate LKR 239M as net dividend (after tax) proceeds for LDEV. As LDEV doesn't have bank borrowings we can assume this dividend receipt will be re-distributed as a dividend to LDEV shareholders. If the board decided to distribute the entire amount, it can be an interim dividend of LKR 2.00.
Assumption: Not deciding to utilize the proceeds in settling intercompany balances.
2. Getting exposure to a continuous dividend stream and exposure to one of the best performing plantation companies in CSE.
AGPL is currently with almost zero net borrowings. If tea prices remain @ current levels, we can expect the dividend stream will continue with enhancements.
EPS FY 2023 = LKR 1.20
EPS 1Q 2024 = LKR 0.71 (If tea prices remain @ current levels with current yields, we can assume a FWD EPS for FY 2024 = LKR 2.84)
Fundamentals
1. FY 2023 earnings
* FY 2023 EPS LKR 1.90
2. Q1 2024 earnings
* 1Q 2024 EPS LKR 1.52
* Assuming AGPL managed to maintain current earnings we can assume a FWD EPS of LKR 6.00 for LDEV. (FWD PE 3)
52 Week Price Range
High : LKR 23.90
Low : LKR 13.80
All time high LKR 38.90
Technical Analysis (Chart Patterns)
* LDEV had created a Descending Wedge pattern during the 2-year price correction and another wedge pattern during last 10 months of consolidation process. During last week both of these patterns recorded break outs.
Potential Pattern Targets
* 10-month consolidation wedge pattern target LKR 22.80
* 2-year descending wedge pattern target LKR 35.30
PLANTATION
ELPL.N0000Entry Point: 85 - 90
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
AGAL.N0000Daily candles trading above 200EMA line. This is a good sign for AGAL.
Buy Zone - 27 - 29
SL - 24
Resistance around 38 to 40
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
TPL.N0000Buy zone and Strong Support zone mentioned in above chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
HOPL.N0000Entry Point: 38 - 46
Profit Target: 60+
Stop-Loss: 35
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Ldev - plantation bossafter Massive rally from seems like Ldev taking a break. RSI has shown early signs of bearishness, as well it retested before the big drop. However not it has landed on Golden pocket. Short term RSI showing bullish divergence (15mins)
Quick rebound can be expected from current levels. Do note that prices are still above 200SMA making the counter still bullish on structure overall. Trade with a stop !
Cyclical stocks & 5 elements (e.g : Palm Plantation) 22/2/22Today not just "The Sun Calendar" is all 22 BUT Lunar calendar day also 22) = - The Practice of Chinese Core Five Elements Concepts for picking up Cyclical stocks ? Showing here is Malaysia Plantation Index ( Mainly Palm Oil Plantation ) .. It seem like The Index showing "up trend" when entering "Water Element" months of Lunar Calendar? Why?! Water "Growing/Generating" Plants? Show logical?...
AND it show "down trend" when entering "Metal Element" months.. I'm puzzling why?! Metal " Carving/ Counteracting" Woods?.. Show logic?..Hmmmm... Then How about "Earth Months".. Look like "side ways/no obvious trend" market.. Why? Plants need to "use/consume" its "energy" to Hold the "earth", Stopping "landslide"?....Hmmmm. How about Glove Stocks?! Either Rubber Tree, or Nitrile, Latex, and Vinyl Gloves under "wood elements" category.. Hmmm.. Look like the next up trend going to be "glove stocks""...
CEPAT - Enter above RM 0.71 (Learning Notes #8)Hello Traders,
I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
BPLANT - Enter above RM 0.63 (Learning Notes #7)Hello Traders,
I am currently learning Technical Analysis, and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
LONG {SWC}—— JTIASA, Box consolidation breakoutJTIASA had broken out a box, price surged with volume with the help of FCPO price last Friday.
Momentum Chips (red chips) show a positive signal. Do also note that this counter will be affected by FCPO Price
Bias: Long
Resistance: 850, 900, possible to go further if FCPO price continue to soar.
Support: 800, 735
If you find this idea helpful, kindly leave us a like and comment!
PLANTATION IS ON THE MOVE!!Do you guy read the news? That our FCPO market is creating all time high? Look how long Rsawit, Jtiasa and other plantation stock have been consolidate (sideway) and ready to fly. Today is a bit disappointed if anyone expecting plantation will fly. However Jtiasa today already give me more than enough. But just if you want to buy. BUY at this time, because im expecting this stock will break 0.620 and fly much higher. Refer my S&R.
JTIASA: Just Like Any Other Plantation CountersEarlier 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.
BPLANT TRADING IDEASTOCK : BPLANT
- Current trend is uptrend. Still valid based on uptrendline
- Sector is plantation is currently is bullish sector
- Above EMA20 and EMA50 and current in strong momentum based on current RSI value
- Resistance on 0.70/0.720
- Strong support at area 0.665. If retracement happened, probably that level will hold the price.