Liquidity Test for United Plantations Bhd (2025 Data)



Step 1: Monthly Median Volume Calculation

From the provided 2025 data:

MonthTrading DaysMedian Daily Volume (Shares)Shares OutstandingLiquidity Ratio (Median/Shares)Pass? (≥0.04%)
Jan 202521 days309,800622,200,0000.0498%✅ PASS
Feb 202520 days340,300622,200,0000.0547%✅ PASS
Mar 202521 days751,300622,200,0000.1207%✅ PASS
Apr 202522 days646,900622,200,0000.1040%✅ PASS
May 202521 days553,400622,200,0000.0889%✅ PASS
Jun 202522 days458,500622,200,0000.0737%✅ PASS
Jul 202523 days173,000622,200,0000.0278%❌ FAIL
Aug 202521 days315,300622,200,0000.0507%✅ PASS
Sep 202521 days287,800622,200,0000.0463%✅ PASS
Oct 202523 days412,100622,200,0000.0662%✅ PASS
Nov 202520 days706,700622,200,0000.1136%✅ PASS
Dec 202523 days360,300622,200,0000.0579%✅ PASS

Step 2: Apply the Test

  • Total months analyzed: 12 months (Jan-Dec 2025)

  • Months passing (≥0.04%): 11 months (all except July 2025)

  • Months failing: 1 month (July 2025)

  • Test requirement: Need 10 out of 12 months to pass (≥0.04%)

  • Result: 11 out of 12 months pass → PASSES LIQUIDITY TEST ✓

Key Analysis & Observations

1. United Plantations vs. F&N Comparison

MetricUnited Plantations (UTPS)F&N Malaysia (FRAS)
Shares Outstanding622.2M366.8M
Threshold Volume (0.04%)248,880 shares/day146,720 shares/day
Months Passing11/123/12
Test ResultPASS ✓FAIL ✗
Typical Daily Volume300K-700K shares40K-120K shares

2. Why United Plantations Passes Easily

  • Higher absolute volume: UTPS trades 300K-700K shares daily vs. F&N's 40K-120K

  • Only 1 failure month: July 2025 (173K) just below the 248,880 threshold

  • Consistently liquid: 11 months comfortably above the 0.04% threshold

3. Threshold Context

For UTPS:

  • 0.04% of 622.2M shares = 248,880 shares daily

  • UTPS exceeded this in 11 out of 12 months

  • Median volumes typically 300K-700K shares (20-180% above threshold)

For comparison, F&N:

  • 0.04% of 366.8M shares = 146,720 shares daily

  • F&N only exceeded this in 3 out of 12 months

4. Data Quality Notes

  • July 2025 anomaly: 173K is unusually low for UTPS

  • Consistent pattern: High liquidity throughout the year

  • November spike: 706,700 shares (highest median)

Conclusion

United Plantations (UTPS) PASSES the liquidity test convincingly:

  • ✅ 11 out of 12 months meet the 0.04% threshold

  • ✅ Only July 2025 fails (but just slightly at 0.0278%)

  • ✅ Strong, consistent liquidity throughout the year


Disclaimer: This report is AI generated and based on publicly available information and analytical estimates. It does not constitute financial advice. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions.

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