Mark this here http://klse.i3investor.com/blogs/koonyewyinblog/103394.jsp
No right or wrong answer. Timing is key!

"It is not just Malaysia and Indonesia, the points of origin, but also in markets that heavily consume palm oil, so India, China and parts of Europe, they are all tight in terms of inventory position," Concepcion said.
http://jakartaglobe.beritasatu.com/business/palm-prices-climb-tight-supply-output-rebound-looms-golden-agri/

Why the average realised CPO price MKH achieved for the first 9 months was low at RM1,995, compared to other plantation firms with presence in Indonesia such as United P and Genting P? MKH has not entered into any forward CPO selling contract.

Investment horizon 1 to 2 years. TP RM3.50. Core earnings of at least 35 sen with PE 10.

Property division is being transformed and will be exciting when market's sentiment gets better. Maybank yesterday foresees another rate cut this year. Yet to realise its potential and value from partnership with PanaHome. Large beneficiary of MRT project.

Buying cheap into plantation assets with growing contribution. Exciting moments to come with planned landbank expansion and potential venture into downstream business. Indonesia assets will rise in value in tandem with improved economy and appreciating IDR. Likely windfall to shareholders from plantation IPO.

Hui Lee _ The FFB tonnage is encouraging but average CPO realised was still low below RM2,000. This has impacted plantation earnings. CPO wasn't fetching a good price could probably due to the trees are still relatively young.

The plantation earnings should further improve from here, from both prices and volume.

It is good to see its property profit margin improved to 24% from 16%.
It is also good to see its unbilled property sales is still relatively high at RM800 million.
Q4 should see higher property sales with more launches of projects (Hillpark Residence, Boulevard II and TR Residence).

DJ Malaysia Aug 1-25 Palm Oil Exports 1,317,234 Tons - Intertek
--------------------------------------------------------------------------------

NEW DELHI--Malaysia's palm oil exports during the August 1-25 period are estimated up 31.09% on month at 1,317,234 metric tons, cargo surveyor Intertek Agri Services said Thursday.

Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate later today.

The following are the major items in the Intertek estimate:

(All figures in metric tons)

Aug 1-25 Jul 1-25

RBD Palm Olein 493,196 417,489
RBD Palm Oil 76,404 96,080
RBD Palm Stearin 90,015 86,017
Crude Palm Oil 427,385 223,680
Total* 1,317,234 1,004,802

Major importers of Malaysian palm oil:

China 187,100 180,900
European Union 251,252 190,729
India & Subcontinent 455,970 239,660
Middle East 54,850 81,255

*Palm oil product volumes don't add up to total as some products aren't included.

Take a glimpse how an affordable housing developer performed!
Sales increased by 63% while profit jumped 70%.
Interim dividend declared.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5186129

Room for BNM to reduce interest rate if the inflation stays too low.
http://www.theedgemarkets.com/my/article/malaysias-july-inflation-11-year

0305 GMT [Dow Jones] If strong Asian crude palm oil prices persist into the fourth quarter of 2016 there may be further upside bias for prices to move beyond MYR2800 per metric ton given seasonally lower production, says OCBC analyst Barnabas Gan. He notes that El Nino has officially passed and the chance of a La Nina is only 55% to 60% in 2H16, and may well be delayed until 2017. The Bursa Malaysia benchmark three-month palm oil contract is down 49 ringgit to 2551 ringgit a ton. (lucy.craymer@wsj.com; Twitter: @lucy_craymer)

1014 GMT [Dow Jones] Asian crude palm-oil price futures rebound from losses to close higher Tuesday boosted by demand from India and topping up of stocks by China. Palm oil shipments from Malaysia, the world's second largest producer after Indonesia, increased more than 25% during August 1-20, from a month ago, according to cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. India is the world's biggest vegetable oil importer and meets most of its annual demand from top producers Indonesia and Malaysia. "India will continue to be the world's largest consumer and importer of palm oil. China too will increase its oil purchases," says a Kuala Lumpur-based trader. Benchmark palm-oil futures for November on the Bursa Malaysia Derivatives Exchange rose MYR32 to MYR2575/ton. (vibhuti.agarwal@wsj.com)

http://bepi.mpob.gov.my/admin2/price_local_daily_view_cpo_msia.php?more=Y&jenis=1M
Average 2016 CPO price
Q1 - RM2,422
Q2 - RM2,599
Q3 so far - RM2,457

Will MKH pay interim dividend or dividend in specie in view of record earnings this year?

Sime Darby just announced Q4 results. It says _ higher average CPO price realised of RM2,636/MT for the quarter under review versus RM2,242/MT in the previous corresponding quarter.

http://www.theedgeproperty.com.my/my/content/856778/mkh-expanding-its-landbank

Palm oil stocks in Malaysia and Indonesia in 2016 and 2017 are projected to stay low.

Commodity Attribute Country 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017
Oil, Palm Production (1000 MT) Indonesia 23,600 26,200 28,500 30,500 33,000 32,000 35,000
Malaysia 18,211 18,202 19,321 20,161 19,879 18,250 21,000
MY Exports (1000 MT) Indonesia 16,423 18,453 20,373 21,719 25,964 24,300 25,750
Malaysia 17,151 17,586 18,524 17,344 17,378 17,000 18,000
Ending Stocks (1000 MT) Indonesia 2,390 3,022 3,152 3,210 2,834 1,964 1,914
Malaysia 2,163 2,481 1,784 2,091 2,642 1,882 2,052

World palm oil stocks continue to be lower!

Commodity Attribute Country 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017
Oil, Palm Production (1000 MT) World 49,192 52,529 56,378 59,342 61,641 59,402 65,495
MY Exports (1000 MT) World 37,276 39,811 43,111 43,191 47,471 45,574 48,017
Ending Stocks (1000 MT) World 8,372 9,511 9,325 9,246 9,435 7,352 7,104

DJ Malaysia August 1-20 Palm Oil Exports Up 27.4% -SGS
--------------------------------------------------------------------------------

Malaysia's palm oil exports during the August 1-20 period are estimated up 27.4% on month at 1,045,079 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

The following are the major items in the SGS estimate:

(All figures in metric tons)

August 1-20 July 1-20
RBD Palm Olein 402,287 315,038
RBD Palm Oil 52,821 74,123
RBD Palm Stearin 75,515 62,775
Crude Palm Oil 292,560 190,600
Total* 1,045,079 820,191


Major importers of Malaysian palm oil:


European Union 203,995
U.S. 54,285
China 168,050
Japan 35,050
India 259,290
Korea 35,730
Pakistan 12,000
Bangladesh 32,950
Egypt 550
Turkey 7,500
South Africa 35,930

*Palm oil product volumes don't add up to total as some products aren't included

SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

Now a Minister made CPO price prediction!
http://www.thestar.com.my/business/business-news/2016/08/22/cpo-prices-may-reach-rm3000-next-year/

http://www.theedgemarkets.com/my/article/palm-oil-average-rm2678-tonne-2016-malaysia-trade-body

After exactly a year, the same parties entered into another JV to add 32.19 freehold land shows that Kajang 2 has great prospects and potential to be developed into an integrated township. The prospects are likely to be enhanced by the on-going infrastructure projects such as MRT, new KTM station and new interchange which are targeted for completion in 2017.

DJ Malaysia Aug 1-20 Palm Oil Exports 1,027,039 Tons -- Intertek

--------------------------------------------------------------------------------

By Lucy Craymer

Malaysia's palm oil exports during the Aug. 1-20 period are estimated up 25.6% from a month ago at 1,027,039 metric tons, cargo surveyor Intertek Agri Services said.

Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate Monday.

The following are the major items in the Intertek estimate:

(All figures in metric tons)

Aug 1-20 Jul 1-20
RBD Palm Olein 407,826 342,503
RBD Palm Oil 21,424 86,380
RBD Palm Stearin 71,015 74,797
Crude Palm Oil 316,710 152,850
Total* 1,027,039 817,736

Major importers of Malaysian palm oil:

China 137,300 138,300
European Union 199,022 167,469
India & Subcontinent 342,325 177,630
Middle East 36,550 78,590

*Palm oil product volumes don't add up to total as some products aren't included.

Write to Lucy Craymer at lucy.craymer@wsj.com, @lucy_craymer

(END) Dow Jones Newswires

August 21, 2016 04:51 ET (08:51 GMT)

Pleasure reading! http://www.theedgeproperty.com.my/my/content/853481/semenyih%E2%80%99s-growth-spurt

Alex Chen said_
Up to 2Q, we have accumulated production of 218,700 tonnes of FFB (fresh fruit bunches), which represented 53% of our annual budget of 413,000 tonnes of FFB,” he said, adding that the management had prepared the necessary irrigation works and other mitigation measures prior to the El Nino’s arrival in this region.
http://www.theedgemarkets.com/my/node/280864

Added 32.19 Freehold land! http://www.bursamalaysia.com/market/listed-companies/company-announcements/5180833

Kajang 2 now has a total landbank of 432 acres. Watch out for development on this strategic location.

CPO USD price.
http://cloud.highcharts.com/show/yqafuj

“The underlying message is that the reason we are seeing demand coming from ex-China, is that it’s the emerging markets where we see the next leg of growth.”
Growth in Southeast Asia and India to add to demand.
http://www.bloomberg.com/news/articles/2016-08-19/a-commodities-rebound-is-accelerating-right-on-china-s-doorstep

曾贵秋：美景控股正考虑与一家上市伙伴合作，进军下游业务，生产食用油。摄影： Kenny Yap
（吉隆坡23日讯）虽然棕油价格将上升，但没有多少种植集团预计受惠，因厄尔尼诺（El Nino）现象料导致产量下降。然而，对产业发展商美景控股（MKH Bhd）而言，棕油价格走高是个好消息，因其在印尼拥1万5900公顷油棕园。

事实上，这对美景控股来说是个好时机，将种植业务更上一层楼，因产业市场仍未见起色。

其实，该集团正热衷于提高在印尼的种植组合，包括可能扩大至木薯种植业。而且最终可能分拆种植业务，并在印尼或新加坡上市，以释放其价值。

美景控股执行主席丹斯里曾贵秋接受《The Edge》财经日报访问时表示，管理层正积极在目前种植园坐落的东加里曼丹，物色更多种植园地。

“我们收到多方接洽，在加里曼丹联营和收购大幅种植地，但我们一直在精挑细选，因为良好且肥沃的土地须相当大的努力。”
他补充，这放慢了集团的种植园地收购计划。

曾贵秋暗示，该集团可能很快敲定在低成本区的2000公顷种植地收购。他指出，目前1万5900公顷地的成本当时买入仅4亿令吉，但截至去年9月30日止2015财政年，值10亿令吉，本财年更可能高达11亿令吉。
他说，美景控股也正考虑在今年与一家上市伙伴合作，进军下游业务，生产食用油。

该集团还看中在印尼收购木薯农场的机会，以扩大集团农业组合，并在未来出口木薯至其他国家，包括中国的机会。
“如果美景控股能够找到另一幅2000至4000公顷的种植地，本集团可能分拆种植业务为独立的上市实体。”
截至2015年12月31日的2016财年首季，美景控股种植业务占集团税前盈利的约20%，曾贵秋预计，第二季将升至25%。
他补充，如果净原棕油价格达每吨2300令吉，这比重在2017财年可能进一步升至40%。

他表示，厄尔尼诺现象并没有严重影响该集团在东加里曼丹的棕油产量，且该集团仍然有望实现2016财年的生产目标。
“截至第二季，我们的鲜果串产量累积到21万8700吨，占全年41万3000吨目标的53%。”

他并称，在厄尔尼诺抵达该地区前，管理层已经准备了必要的灌溉工作和其他缓解措施。

美景控股最初预计2016财年的每公顷鲜果串产量为29吨，但基于每吨2300令吉的原棕油价格，该集团将内部目标提高至35吨。
“我们预计今年的原棕油价格在每吨2400和2700令吉之间交易。”他说，市场普遍认为由于目前产量和库存主要因为厄尔尼诺天气而下降，原棕油价格展望依然正面。

这是基于世界最大的棕油生产国印尼上个月宣布，正在研究停止对油棕生产的新特许权，这可能进一步限制这个行业的可用土地。
此外，如果印尼的B20生物柴油计划和大马B10计划可成功和切实执行，曾贵秋觉得，对本地的原棕油盈余消费将带来正面效应，从而维持原棕油价格于更持续的价位，波动较小。

同时，在8亿2700万令吉的强劲未入账销售带动，预计2016财年创净利纪录的美景控股，已下调本财年的销量预期，从8亿令吉降至6亿令吉，符合当前经济环境。

尽管如此，他不预期产业销售放缓将影响集团2017财年的盈利，因今年销量较低的预期只会在2018财年显现。
据他说，8亿2700万令吉的未入账销售料支撑集团2016和2017财年的盈利能见度。该集团截至第二季的新销售合共约3亿令吉。
“这两年内的种植业务盈利能见度，可能能够支持未来两年的盈利强劲。”

曾贵秋表示，种植业务能够帮助集团减轻产业市场疲软的风险。

他还表示，该集团旨在维持2016财年每股5仙或更高的单层股息。
该集团2016财年首季净利从上财年同期的3013万令吉，倍增至6167万令吉。2015财年为8696万令吉。
该集团预计在本财年推介6个产业项目，发展总值合共9亿4800万令吉。

“我们一直在寻找具有良好发展潜力的土地，无论是本地还是国外。印尼可能是我们第一个产业发展的海外市场。”
该集团的地库主要坐落于加影、士毛月和莎阿南北部，潜在发展总值预计达97亿令吉。

（编译：陈慧珊）

Chen said ... What sets us apart from others are the locality of our property developments, many which are near the upcoming MRT and LRT stations. Property and Plantation Division will continue to be the twin booster to support the Group’s future earnings and growth momentum. PanaHome MKH Malaysia Sdn Bhd is a joint venture construction company between the Group (49%) and PanaHome Malaysia Sdn Bhd (51%) combining the Group’s knowledge in the real-estate development business with PanaHome’s Japanese construction technology. To date, our land bank has steadily increased to a gross development value (GDV) of RM12.0 billion which will keep us busy for the next 10 years. At least 7 of our current and future projects are located near MRT stations.

MKH is still about property!

Upcoming projects integrated with LRT/MRT.
http://mkhberhad.com/properties/jalan-tun-razak/
http://mkhberhad.com/properties/jalan-bukit-kajang/

Indonesia statistics! (In million)
See the closing stock .. not even enough to cover 1 month export.

July 2016 June 2016 July 2015
Production 2.70 2.69 2.57
Exports 1.90 1.78 2.09
Stockpiles 1.72 1.80 2.95

Write a comment..http://www.bloomberg.com/news/articles/2016-08-18/indonesia-palm-exports-seen-at-three-month-high-on-china-demand
http://www.thestar.com.my/business/business-news/2016/08/18/palm-oil-enters-bull-market-as-demand-rises/

Soybean oil and palm oil prices show bullish sign!
http://www.bursamalaysia.com/market/derivatives/prices/#/?page=1&contract_code=FCPO
http://www.bloomberg.com/quote/BO1:COM

Market value now of Matrix Concept is RM1.4 bil while MKH is RM1.2 bil. Is this justified if one's investment horizon is 1 to 3 years? Mathematically, the difference of RM200 mil is about 50 sen per share potential upside to MKH.

http://www.thestar.com.my/business/business-news/2016/08/17/triple-boost-for-cpo/

Justified to invest more in Indonesia!

Three Measures
Jokowi has said he wants to transform Indonesia, a string of more than 17,000 islands that would stretch almost from New York to London, into a maritime power and has in the past laid out a plan to develop the fishing industry, improve port infrastructure and bolster sea defenses.
“In the year of development acceleration, the government is focusing on three breakthrough measures to eradicate poverty, unemployment and social inequality," he said in his speech. "Those three measures are: One, expediting infrastructure development. Second, preparing productive capacity and human resources. Three, deregulation and de-bureaucratization.”

Standing out among the Southeast Asia countries!
http://jakartaglobe.beritasatu.com/business/president-unveils-2017-state-budget-house-targets-stronger-economic-growth/

2.80 level supported well.

0228 GMT [Dow Jones] Asian crude palm oil is likely to remain supported after the U.S. soybean market rallied strongly Monday on the Chicago Board of Trade. Commonwealth Bank of Australia says in a note that the soybean market has shrugged off forecasts for record U.S. soybean product in 2016 and "appears focused on the prospect of record demand." Soybean oil is a substitute for palm oil so the two commodities often trade in parallel. The Bursa Malaysia benchmark three-month palm oil contract ended up MYR100/ton at MYR2625/ton Monday. (lucy.craymer@wsj.com; Twitter: @lucy_craymer)

DJ Malaysia August 1-15 Palm Oil Exports Up 31.6% -SGS
--------------------------------------------------------------------------------

Malaysia's palm oil exports during the August 1-15 period are estimated up 31.6% on month at 750,942 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

The following are the major items in the SGS estimate:

(All figures in metric tons)


August 1-15 July 1-15
RBD Palm Olein 305,628 255,083
RBD Palm Oil 29,870 51,263
RBD Palm Stearin 49,615 29,580
Crude Palm Oil 208,080 108,050
Total* 750,942 570,631


Major importers of Malaysian palm oil:

European Union 131,771
U.S. 17,685
China 130,050
Japan 29,243
India 207,900
Korea 24,330
Pakistan 12,000
Bangladesh 24,500
Egypt 550
Turkey 7,500
South Africa 35,930

*Palm oil product volumes don't add up to total as some products aren't included

SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

The National Economics and Industry Committee, or KEIN, advising the president on the economy will present an industrial roadmap to President Joko "Jokowi" Widodo in October, in an effort to spur growth in priority industries.

“The focus of the roadmap considers the country’s human and natural resources. We can’t be Japan with its automotive industry, but the resources actually allow us to lead in agriculture, maritime, even creative industry,” KEIN chairman Sutrisno Bachir in Bogor, West Java on Saturday afternoon (13/08).

Where will businessmen put their money? And can't ignore 250 million Indonesia population. See QL is putting big money there.

77 huat :) hope MKH price can be elevated like http://www.bloomberg.com/news/articles/2016-08-15/indonesia-wins-air-safety-upgrade-from-u-s-in-gain-for-garuda

DJ Malaysia Aug 1-15 Palm Oil Exports 733,369 Tons -Intertek

--------------------------------------------------------------------------------

By Lucy Craymer

HONG KONG--Malaysia's palm oil exports during the Aug 1-15 period are estimated up 30.6% on month at 733,369 metric tons, cargo surveyor Intertek Agri Services said Monday.

Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate later Monday.

The following are the major items in the Intertek estimate:

(All figures in metric tons)

Aug 1-15 Jul 1-15
RBD Palm Olein 306,827 244,848
RBD Palm Oil 44,096 70,670
RBD Palm Stearin 52,115 37,297
Crude Palm Oil 192,915 103,850
Total* 733,369 561,471

Major importers of Malaysian palm oil:

China 97,900 65,300
European Union 126,417 138,254
India & Subcontinent 248,550 115,630
Middle East 31,150 77,090

*Palm oil product volumes don't add up to total as some products aren't included.

Palm oil has risen to RM2,620
http://www.bursamalaysia.com/market/derivatives/prices/#/?page=1&contract_code=FCPO

*DJ Malaysia Aug 1-15 Palm Oil Exports Up 30.6% -Intertek
*DJ Malaysia Aug 1-15 Palm Oil Exports 733,369 Tons -Intertek

Last year, the US Food and Drug Administration (FDA) announced that artificial trans fats would no longer be found in snack foods, baked goods and frozen vegetables starting in 2018. With the ban, palm oil has been named the primary replacement.

“Our palm oil exports to the US have increased. This is a pleasant surprise because the US is known to prefer soybean over palm oil,” David said over the phone on Friday.

http://www.thejakartapost.com/news/2016/08/13/mooncakes-sweeten-indonesian-palm-oil-outlook.html

http://gapki.id/wp-content/uploads/2016/08/Data-Ekspor-Jun-2016.jpg
http://gapki.id/wp-content/uploads/2016/08/Ina-Palm-Oil-Statistic-Jun-2016.jpg

http://www.bloomberg.com/news/articles/2016-08-11/china-buys-more-indonesian-palm-oil-on-mooncake-demand-chart
http://gapki.id/wp-content/uploads/2016/08/Data-Ekspor-Jun-2016.jpg

77huat77 Palm oil hits two-month high on tight supplies
http://www.theedgemarkets.com/my/article/palm-oil-hits-two-month-high-tight-supplies
http://www.bursamalaysia.com/market/derivatives/prices/#/?page=1&contract_code=FCPO