GOOD DIVIDEND
RVIEW 2542 Share Price
RM3.01
klse: Riverview Rubber Estates Berhad
Stock Information
Board : Main
Shariah : Shariah Compliant
Sector : CPO Crude Palm Oil
Address: Level 2 Weil Hotel, 292 Jalan Sultan Idris Shah, 30000 Ipoh, Perak
Contact: +605-2540288
Website: https://www.riverview.com.my/
Stock Background
Riverview Rubber Estates Bhd operates in the agricultural sector in Malaysia. It is engaged in the cultivation of oil palm, and sale of fresh fruit bunches of oil palm and other oil palm produce.
Profit Analysis: RVIEW 2542
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 28/05/26 | 5,681 | 700 | 662 |
| 02/03/26 | 6,849 | 2,114 | -241 |
| 26/11/25 | 7,877 | 1,952 | 1,662 |
| 14/08/25 | 7,597 | 3,116 | 3,334 |
| 28/05/25 | 7,948 | 2,865 | 2,167 |
| 27/02/25 | 8,889 | 2,755 | 3,078 |
| 22/11/24 | 8,913 | 3,376 | 1,868 |
| 15/08/24 | 8,299 | 3,091 | 2,265 |
| 30/05/24 | 6,927 | 1,729 | 1,224 |
| 29/02/24 | 8,169 | 1,130 | 563 |
| 24/11/23 | 9,449 | 2,923 | 1,912 |
| 18/08/23 | 8,167 | 2,508 | 1,795 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 28 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 5,673 |
| Last 4 Quarter EPS (sen) | 8.35 |
| Last 4 Quarter PER | 34.41 |
| Last 4 Quarter Dividend (sen) | 500.00 |
| Last 4 Quarter Dividend Yield (%) | 1.66 |
| Net Tangible Assets (RM) | 5.53 |
| Goodwill (RM) | 2,730 |
| Cash (RM’000) | 22,010 |
| Debt (RM’000) | 0 |
| Total Debt (RM’000) | 33,390 |
| Net Assets (RM’000) | 360,050 |
| Current Ratio | 5.32 |
| Quick Ratio | 5.00 |
| Cash Ratio | 3.63 |
Technical
Technical Analysis
| MACD (26 vs 12) | -3.993 |
|---|---|
| Exponential Moving Average 5 | 3.038 |
| Exponential Moving Average 20 | 3.06 |
| Exponential Moving Average 90 | 2.99 |
| Relative Strength Index 14 | 0.49 |
| Stochastic %D 3 | 0.57 |
| Stochastic %K 14 | 0.33 |
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Stock Profit Analysis
-
BNASTRA 7195 ★★★★★RM2.14 - PETRONM 3042 ★★★★★RM3.44
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- SUNREIT 5176 ★★★★★RM2.23
Salary Proof
BURSA MALAYSIA –
Profit before tax decreased to RM9.11 million from RM21.46 million compared to last year. Production of FFB was lower than the previous year by 6,947 metric tonnes. The average FFB price realised decreased by RM296 per metric tonne from RM1,081 per metric tonne in 2022 to RM785 per metric tonne in 2023. The CPO prices have returned to more sustainable levels and are expected to remain robust and, barring any unforeseen circumstances this trend is expected to extend throughout 2024. The Group replanting policy had slowed down during the Covid pandemic due to a lack of workers, and 2023 saw a significant acceleration of the replanting policy. This trend will continue into 2024, which will affect future tonnage until the immature palms start producing fruit which is typically in year three after replanting.
BURSA MALAYSIA –
Group profit before tax for the financial year ended 31 December 2022 decreased to RM21.46 million from RM32.21 million compared to last year due to lower revenue. Rather than cut back on fertiliser and risk the drop in production, the Group continued with the policy of optimising the distribution of fertiliser. The group have built and will continue to build a solid foundation over the years to ensure the sustainability of the oil palms’ production potential.
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of RM0.04 million on revenue of RM10.41 million as compared to pre-tax profit of RM4.98 million on revenue of RM11.38 million posted in the immediate preceding quarter. The decrease in revenue is primarily due to the decrease in the average price and in the production of FFB. The decrease in profit before tax of RM4.27 million is due to the decreased revenue and negative swing in the changes in agriculture value of RM3.59 million
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of RM4.98 million on revenue of RM11.38 million as compared to pre-tax profit of RM9.24 million on revenue of RM16.85 million posted in the immediate preceding quarter. The decrease in revenue is primarily due to the decrease in the average price, this was off-set by the increase in production of FFB. The decrease in profit before tax of RM4.27 million is primarily due to the decreased revenue.
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of 9.24 million on revenue of RM16.85 million as compared to pre-tax profit of RM7.20 million on revenue of RM16.28 million posted in the immediate preceding quarter. The increase in revenue is equally due to the increase in the average price and production of FFB. The increase in profit before tax of RM2.05 million primarily due to a positive fair value changes in agriculture produce of RM0.26 million in the current quarter compared to a negative of RM2.28 million in the immediate preceding quarter, this has no cash impact.
BURSA MALAYSIA –
The decrease in profit before tax of RM2.97 million primarily due to the negative fair value changes in agriculture produce of RM2.28 million in the current quarter compared to a positive of RM3.16 million in the immediate preceding quarter, this has no cash impact.
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of 10.17 million on revenue of RM13.73 million as compared to pre-tax profit of RM6.18 million on revenue of RM14.27 million posted in the immediate preceding quarter. The decrease in revenue is primarily due to a decrease in the production of fresh fruit bunches of palm oil by 21% which was off-set by the increase in the average price by 23%. The increase in profit before tax of RM3.98 million primarily due to the gain on disposal of investment properties and reversal of fair value changes in agriculture produce recognised in the current quarter.
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of 6.18 million on revenue of RM14.27 million as compared to pre-tax profit of RM9.14 million on revenue of RM14.69 million posted in the immediate preceding quarter. The decrease in revenue is primarily due to a decrease in the production of fresh fruit bunches of palm oil (“FFB”) by 6% which was off-set by the increase in the average price by 5%
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of RM6.15 million on revenue of RM13.28 million as compared to pre-tax profit of RM3.50 million on revenue of RM9.45 million posted in the immediate preceding quarter. The increase in revenue is primarily due to an increase in the average selling price and in the production of fresh fruit bunches of palm oil (“FFB”) by 17% and 22% respectively.
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of RM5.17 million on revenue of RM10.65 million as compared to pre-tax profit of RM3.46 million on revenue of RM8.73 million posted in the immediate preceding quarter. The increase in revenue is primarily due to the increase in the average selling price of fresh fruit
bunches of palm oil.
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of RM3.46 million on revenue of RM8.73 million as compared to pre-tax profit of RM2.11 million on revenue of RM7.65 million posted in the immediate preceding quarter. The increase in revenue and pre-tax profit is mainly due to the increase in production of FFB.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 1.79 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 8.1 million and auditor’s remuneration of 352 thousands
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of RM2.11 million on revenue of RM7.65 million as compared to pre-tax profit of RM0.28 million on revenue of RM6.50 million posted in the preceding quarter. The increase in revenue is due to the increase in production of FFB as well as an increase in the average selling price of fresh fruit bunches of palm oil.
BURSA MALAYSIA –
The current quarter’s recorded pre-tax profit of RM0.28 million on revenue of RM6.50 million as compared to pre-tax profit of RM2.39 million on revenue of RM6.63 million in preceding quarter. The decrease in revenue is primarily due to the drop in production of FFB, this was offset by an increase in price; price of Crude Palm Oil for 2019 only breach the RM2,500 mark in December 2019. The decrease in pre-tax profit was due to the decrease in revenue and fair value change in investment properties incurred.
Investing Malaysia –
Average investing volume for Riverview Rubber Estates Bhd in the past three months in stock market was 1.8k lots
Investing Malaysia –
RVIEW gets a score of 24.39 in our equity and assets quality test based on current share price of RM2.9
Investing Malaysia –
Riverview Rubber Estates Bhd gets a score of 21.52 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 2542 in Bursa Malaysia declared adjusted 3.07% dividend yield in past few years
Investing Malaysia –
RVIEW is estimated to have a profit consensus of 2.55 millions, with an adjusted market capitalization of 188.07 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 1.74 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 9.6 million and auditor’s remuneration of 361 thousands