SWKPLNT (5135) - Highest Upside Plantation stock [$$bill]
Stock symbol: SWKPLNT Stock code: 5135 Share price: RM2.98 (18 Feb 2022 closing price) Shares outstanding: 279.03mil Market cap: RM831.5mil A rising tide lifts all boats... but which is the best boat to ride in? It's almost been a year since my last write up on Sarawak Plantation Bhd / SWKPLNT (5135). Including dividends, the stock has since returned 57% (up to 18 Feb closing price). I thought it would be good to do a quick write up to clarify my own thoughts. First of all, what are the major themes in the stock market now? Two definite ones are: (1) Surging inflation (2) Rotation from growth to value stocks Given (1) and (2), SWKPLNT seems to be in a sweet spot . .. Inflation Research shows that commodity and commodity stocks outperform during inflationary periods. Within the commodity space, crude palm oil (CPO) have been performing wonderfully and prices are expected to remain elevated driven by strong fundamental factors Foreign brokers are turning bullish while some local bro