1. Namunukula (NAMU) plantation
NAMU last quarter EPS is - RS 23
LAST 6 months EPS- 40
So full year we can expect minimum 93 EPS
Forward EPS - 93
Forward PE - 2.8
TP @ PE 5 - 465
TP @ PE 6 - 558
TP@ PE 7-651
Namunukula (NAMU) plantation consist of 34% oil palm and oil palm prices are sky rocketing these days due to low global supply and these elevated prices will not reduce in near terms.
If you see the charts you can clearly see that prices have gone up further after September. Therefore we can expect next quarter EPS would be much higher than this quarter.
In addition to this Namunukula (NAMU) plantation has 21% rubber rubber prices are high and further increase in future due to restriction imposed due to import banned on rubber. It also consist of 7% cinnamon and also prices are good. In a separate post I stated this share as a mulibagger and achieve 480 RS target.
That was published before the September result release and after the latest result I am more bullish on this counter. Therefore I expect In a bullish condition this share could achieve 600 Rs price target.
WATAWALA(WATA) plantation consist of 73 % OIL PALM and in addition to that it consist of 4 % Rubber and 22% dairy. liquid milk prices are high and government gave lot of incentives to dairy in its recent budget. In last quarter WATA reported EPS of 5.73 and with sky rocketing oil palm prices I expect it to produce higher EPS next quarter. Thus I expect WATA to produce 25 EPS for full year.
Forward EPS - 25
TP @ PE 5 - 125
TP @ PE 6 - 150
Last edited by cseguide on Mon Nov 15, 2021 11:01 pm; edited 4 times in total