Teck Guan Perdana Berhad

Annual Audited Accounts - 31 Jan 2024

General Meetings: Outcome of Meeting

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSVariation between the actual value and estimated value by 10% or more of the Recurrent Related Party Transactions of a Revenue or Trading Nature.

Quarterly rpt on consolidated results for the financial period ended 30/04/2024

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

General Meetings: Notice of Meeting

TECGUAN - Notice of Book Closure

Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions and Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature

Annual Report & CG Report - 2024

First and Final Dividend

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

OTHERSProposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions and Shareholders Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature

@boncos $TECGUAN / 7439 (TECK GUAN PERDANA BERHAD) is oil palm products company right?

DISCLOSURE ON QUARTERLY PRODUCTION

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Quarterly rpt on consolidated results for the financial period ended 31/01/2024

$TECGUAN / 7439 (TECK GUAN PERDANA BERHAD)
quick 20 mins analysis done for their cocoa side. alot of assumptions, especially on cost and chocolate products (asp)

Key assumption:
cost same as last year
asp of choco product pegged to cocoa price as a ratio
volume is at least 1k for cocoa and 150 for choco

asp for 2022 (it says 2023 because financial yr until january, so 2023 is actually 2022). here is a dumbed down simple analysis that took 10 mins. prolly will have small position here.

@kopicatch99 Good catch on $TECGUAN / 7439 (TECK GUAN PERDANA BERHAD) and thanks for sharing your notes!

Their main revenue driver is still from palm oil products segment, 93.66% of total revenue based on recent QR ending October'23.

But the good thing is their cocoa products segment has been increasing in contribution %...

Not too mention FCPO price have broke MYR 4,000 recently as mentioned by yourself... Supply down, demand maintain... they may be, they are the real one who has the power to raise prices / increase margin? 🤔

Here's a no brainer trading idea for you all, since I saw an interesting discussion on Cocoa Prices.

In Bursa, Teck Guan Perdana is the *only* upstream cocoa producer, as far as I know. Many others had ceased production and the cocoa production in Malaysia is now miniscule compared to a few decades ago. Then, Teck Guan being profitable shows their strong capabilities indeed.

With ASP of RM 10.5k per ton, they made a segmental profit of RM 1.3m in 2021.
With ASP of 12k per ton, they made profit of RM 1.75m in 2022.

15% increase in ASP leading to 35% increase in profit.

You can clearly see the operating leverage coming into play.
What's the ASP of cocoa now?

Here's the answer: RM 32k per ton.

How much could this segmental profit be?

In Q3 alone, when cocoa prices were roughly RM 10k per ton, they have made RM 1m in profits. This makes sense since cost of production has been dropping compared to 2022.
In the yet to be announced Q4 end of this month, the ASP was closer to RM 15k per ton.
Would RM 2m profit be possible in this quarter?

So far in the 2 months of the current quarter, cocoa prices have skyrocketed to over RM 30k per ton. I think RM 6m profit is not too far fetched.

Add on to that CPO is generally stable generating about RM 4m profit a quarter, and that CPO prices are around 15% higher compared to the previous quarter. But let's just be conservative and say CPO contributes RM 4m profit.

in 9M 2023, Teck Guan has already got a net profit of close to RM 8m.

In total, I would expect Teck Guan to have operating profit of around RM 10m, and a PBT of around RM 8m per quarter. Annualizing it means about RM 40m operating profit and RM 32m PBT, with 25% tax bringing it to a PAT of RM 24m.

Do the numbers seem too small to you?

Need I remind you that Teck Guan is only RM 70m in market cap? Funds can only watch in envy because the company is too small for them to take a position in. Unless $TECGUAN / 7439 (TECK GUAN PERDANA BERHAD), for whatever reason, climbs up 100-200%.

Icing on the cake:
1) They have resumed paying out dividends too, since their estates are all matured.
2) Rate cut bets leaves few commodity shortists and many longs.
3) Their cocoa products are exported-- weakening MYR is another benefit to them.

The QR will be announced at the end of the month. Those who know, know. It's a good time to be a farmer of non-price-controlled goods. Do your own due diligence and trade at your own risk.

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

DISCLOSURE ON QUARTERLY PRODUCTION

KUALA LUMPUR: Stocks to watch on Thursday include LKL International Bhd, Teck Guan Perdana Bhd, Top Glove Corp Bhd, VS Industry Bhd, Sunzen Biotech Bhd, Ecobuilt Holdings Bhd and Mlabs Systems Bhd.

Teck Guan Perdana Bhd says the challenging environment facing the palm products industry will persist on the back of volatile commodity prices and uncertainties in the global economy.

Quarterly rpt on consolidated results for the financial period ended 31/10/2023

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

OTHERSTECK GUAN PERDANA BERHAD (TECK GUAN PERDANA OR THE COMPANY)
- Appointment of new Auditors

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

10 Small Cap Companies in Profit and Net Cash Position

Some people say cash is king, especially in a rising interest rate environment.

Here is a screener for 10 companies that are at least > RM 50mil in market cap, having positive EPS, and in a net cash position and sorted them based on the net cash to market cap ratio based on latest reported QR.

We want to emphasize that the screening process focuses exclusively on those metrics alone, and you must analyze other aspects in detail before you make any investment decisions.

As usual, smaller cap companies generally come with high risk. Remember to always do your due diligence and research.

Are these all value traps? Are their cash holdings even real? Could there be potential takeover targets here?

We’d love to hear from you: How would you make this a better screener? Let’s discuss further in the comment section below!

$PAOS / 5022 (PAOS HOLDINGS BERHAD) $KLSE-XOXTECH $TECGUAN / 7439 (TECK GUAN PERDANA BERHAD) $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) $CWG / 9423 (CWG HOLDINGS BERHAD)