GOOD PROFIT
SHCHAN 4316 Share Price
RM0.22
klse: Sin Heng Chan (Malaya) Berhad
Stock Information
Board : Main
Shariah : Shariah Compliant
Sector : CPO Crude Palm Oil Power Generation
Address: Level 3, Wisma E&C, No. 2, Lorong Dungun Kiri, Damansara Heights, 50490 Kuala Lumpur
Contact: +603-20947992
Website: https://www.shcm.com.my/
Stock Background
Sin Heng Chan (Malaya) Berhad is an agri-based group of companies engaged in oil palm plantation related activities. The company owns a plantation landbank in Sarawak. It also holds three parcels of land in Melaka for investment purposes.
Profit Analysis: SHCHAN 4316
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 25/05/26 | 11,448 | 252 | 178 |
| 27/02/26 | 12,541 | 1,887 | 1,694 |
| 26/11/25 | 14,592 | 3,016 | 2,908 |
| 27/08/25 | 12,195 | 1,740 | 1,666 |
| 28/05/25 | 11,903 | 2,225 | 2,151 |
| 27/02/25 | 14,328 | 2,698 | 1,912 |
| 27/11/24 | 12,112 | 2,207 | 2,133 |
| 28/08/24 | 13,271 | 2,356 | 2,282 |
| 29/05/24 | 13,153 | 2,482 | 2,408 |
| 29/02/24 | 10,857 | 1,517 | 1,234 |
| 27/11/23 | 11,441 | 3,708 | 3,670 |
| 28/08/23 | 10,963 | 1,158 | 1,084 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 51 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 6,446 |
| Last 4 Quarter EPS (sen) | 2.09 |
| Last 4 Quarter PER | 14.27 |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | 0.00 |
| Net Tangible Assets (RM) | 0.73 |
| Goodwill (RM) | 20,290 |
| Cash (RM’000) | 27,110 |
| Debt (RM’000) | 176,670 |
| Total Debt (RM’000) | 207,650 |
| Net Assets (RM’000) | 291,110 |
| Current Ratio | 1.03 |
| Quick Ratio | 0.93 |
| Cash Ratio | 0.49 |
Technical
Technical Analysis
| MACD (26 vs 12) | -4.248 |
|---|---|
| Exponential Moving Average 5 | 0.218 |
| Exponential Moving Average 20 | 0.219 |
| Exponential Moving Average 90 | 0.223 |
| Relative Strength Index 14 | 0.54 |
| Stochastic %D 3 | 0.53 |
| Stochastic %K 14 | 0.40 |
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Stock Profit Analysis
-
BNASTRA 7195 ★★★★★RM2.14 - PETRONM 3042 ★★★★★RM3.44
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Salary Proof
BURSA MALAYSIA –
The Group’s profit before tax decreased to RM7.6 million compared to RM15.6 million in FY2022. The lower profit in FY2023 was primarily due to the loss-making position of the Plantations segment. The Group will continue to focus on increasing the production of FFB from its estates in order to achieve economies of scale. The Group’s expansion of planted area will also contribute to this in the coming years. The Group remains fundamentally optimistic about the long-term prospects of the palm oil industry
BURSA MALAYSIA –
The decrease in revenue in the oil palm plantations segment was due to decrease in average CPO and FFB prices by 2.1% and 5.2% respectively compared to the immediate preceding quarter and the slight decrease in FFB production from the Group’s estates of 1.7% or 184mt compared to Q3 2022. The energy and facility management segment registered an increased profit of RM4.22 million in the current quarter compared to the immediate preceding quarter due to improved profits from its associate company. The Group recorded a profit before tax of RM2.46 million for the current quarter as compared to a profit before tax of RM1.10 million in the immediate preceding quarter ended 30 Sept 2022.
BURSA MALAYSIA –
The decrease in revenue in the oil palm plantations segment was due to decrease in average CPO and FFB prices by 39.1% and 40.7% respectively compared to the immediate preceding quarter. However, the increase in FFB production from the Group’s estates of 8.0% or 810mt compared to Q2 2022 has cushion off the negative price trend. As a result of this, the Group recorded a profit before tax of RM1.10 million for the current quarter as compared to a profit before tax of RM6.64 million in the immediate preceding quarter ended 30 June 2022.
BURSA MALAYSIA –
The increase in revenue in the oil palm plantations segment can be attributed to an increase in average CPO and FFB prices by 8.2% and 5.1% respectively compared to the immediate preceding quarter. In addition, FFB production from the Group’s estates increased by 22.0% or 1,822mt compared to Q1 2022. As a result of this, the Group recorded a profit before tax of RM6.64 million for the current quarter as compared to a profit before tax of RM5.39 million in the immediate preceding quarter ended 31 March 2022.
BURSA MALAYSIA –
The marginal decrease in revenue in the oil palm plantations segment can be attributed to drop in FFB production of 1,570 mt which was offset by the higher CPO and FFB prices which increased by 17.5% and 18.9% respectively compared to the immediate preceding quarter. As a result of this, the Group recorded a profit before tax of RM5.39 million for the current quarter as compared to a profit before tax of RM6.08 million in the immediate preceding quarter ended 31 December 2021.
BURSA MALAYSIA –
The increase in revenue in the oil palm plantations segment can be attributed to a slight increase in FFB production of 104 mt as well as higher CPO and FFB prices which increased by 16.7% and 21.1% respectively compared to the immediate preceding quarter. As a result of this, the Group recorded a profit before tax of RM6.08 million for the current quarter as compared to a profit before tax of RM5.63 million in the immediate preceding quarter ended 30 September 2021.
BURSA MALAYSIA –
The Group recorded a profit before tax of RM5.63 million for the current quarter as compared to a profit before tax of RM99.22 million in the immediate preceding quarter. The Group’s high profitability in the immediate preceding quarter was mainly due to the recognition of negative goodwill of RM98.62 million arising from the acquisition of the entire equity interest in Tunas Selatan Pagoh Sdn Bhd which was completed on 21 May 2021.
BURSA MALAYSIA –
The Group recorded a profit before taxation of RM99.22 million for the current quarter as compared to a profit before tax of RM1.63 million in the immediate preceding quarter ended 31 March 2021. The increase in the Group’s profitability was mainly due to the recognition of negative goodwill arising from the acquisition of the entire equity interest in Tunas Selatan Pagoh Sdn Bhd which was completed on 21 May 2021.
BURSA MALAYSIA –
The Group recorded a profit before taxation of RM1.63 million for the current quarter as compared to a profit before tax of RM2.70 million in the immediate preceding quarter ended 31 December 2020. The decrease in profit was mainly due to increased finance costs incurred as a result of the completed issuance of Islamic Medium Term Notes (“Sukuk Wakalah”) amounting to RM80.0 million in December 2020.
BURSA MALAYSIA –
As a result of the increases in average CPO and FFB prices, the Group recorded a profit before taxation of RM2.70 million for the current quarter as compared to a profit before tax of RM0.67 million in the immediate preceding quarter ended 30 September 2020.
BURSA MALAYSIA –
The Group recorded a revenue of RM7.58 million as compared to RM9.49 million recorded in the preceding quarter ended 31 March 2020. The decrease in revenue are due to a decrease in revenue from the plantations segment and energy and facilities management segment. This was mainly due to a decrease in average CPO and FFB prices, which decreased by 16.3% and 20.0% respectively.
BURSA MALAYSIA –
The Group recorded a revenue of RM9.49 million as compared to RM9.32 million recorded in the preceding quarter. The increase in revenue is due to an increase in revenue from the plantations segment. This was due to an increase in average CPO and FFB prices, which increase by 9.1% and 11.0% respectively compared to the preceding quarter.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 1.4 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 6.1 million and auditor’s remuneration of 90 thousands
BURSA MALAYSIA –
The Group recorded a revenue of RM9.32 million for current quarter as compared to RM7.49 million in preceding quarter ended 30 September 2019. The increase in revenue is due to an increase in revenue from the plantations segment. This was due to the increase in FFB production from the Group’s estates by 1,880mt or 17.5% and an increase in average CPO prices by 23.0%.
Investing Malaysia –
Average investing volume for Sin Heng Chan (Malaya) Bhd in the past three months in stock market was 5.2k lots
Investing Malaysia –
SHCHAN gets a score of 10 in our equity and assets quality test based on current share price of RM0.3
Investing Malaysia –
Sin Heng Chan (Malaya) Bhd gets a score of 0 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 4316 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
SHCHAN is forecasted to made loss of 1.65 millions, with an adjusted market capitalization of 39.56 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 1.95 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 7.3 million and auditor’s remuneration of 115 thousands