IDR resilient .. good to MKH repaying its debts. Soon it will be liquidated.

https://theguardiantribune.com/palm-oil-market-in-depth-analysis-to-understand-the-competitive-outlook-of-the-global-industry-with-future-estimations/

https://www.thesundaily.my/opinion/palm-oil-needs-a-makeover-EY753767

Stock is not enough to cover a month export.
https://gapki.id/wp-content/uploads/2019/04/SIARAN-PERS-GAPKI-2-APRIL-2019.jpg

https://www.bloomberg.com/news/articles/2019-04-03/india-2019-monsoon-seen-below-normal-on-el-nino-threat-skymet
India’s June-September monsoon, which delivers more than 70 percent of the country’s annual rainfall, is likely to be below normal this year as the El Nino weather pattern may impact rain, Skymet Weather Services Pvt. said on Wednesday.

Precipitation during the rainy season is forecast to be 93 percent of the long-term average of about 89 centimeters (35 inches), said Jatin Singh, managing director of the New Delhi-based private forecaster. That compares with a preliminary prediction for normal showers. El Nino is likely to be the reason for below-normal showers, Skymet said.
Key Insights
The annual four-month rainy season is critical to the country’s agricultural sector as it affects summer and winter crop sowing and waters more than half of all farmland.
In the event of too little rain, farming suffers, families go hungry and power plants go dark.
India is the world’s second-biggest producer of rice and wheat, the top grower of cotton and the biggest importer of palm oils.
Get More
The forecast has a 5 percent margin of error, Skymet said.
India has a 55 percent chance of a below-normal monsoon, 30 percent probability of normal showers and a 15 percent chance of a drought.
The Pacific Ocean has become strongly warmer than average. The model projections call for an 80 percent chance of El Nino during March-May, dropping to 60 percent for June to August, the forecaster said.
“The savior factor could be Indian Ocean Dipole, which is likely to be in the neutral or positive phase during the Monsoon. Thus, it may be able to absorb some of the El Nino blues and possibly would support rainfall during the second half of monsoon."
June is likely to have a “very sluggish start” and deficit rains are likely to spill into July, Skymet said, adding that the second half of the season would see better rainfall.
East India is likely to be at a higher risk of getting deficient rain, especially during the first half of the monsoon season.
Showers are expected to be 77 percent of the long-term average in June, 91 percent in July, 102 percent in August and 99 percent in September.
(Updates to add details in ‘Get More’ section.)
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Neste’s palm oil and PFAD supply chain data for year 2018 published
https://www.webwire.com/ViewPressRel.asp?aId=238594
Interesting piece!

https://www.beritasatu.com/ekonomi/546485/gapki-stok-menipis-angkat-harga-cpo

https://www.brecorder.com/2019/04/02/485074/indonesia-feb-palm-oil-exports-rise-17pc-y-y-gapki/

Not flying stock but can sleep well. Price will likely climb over next two quarters. Many assets ripe to produce more income.

Thanks for update. Feel good AGM. Double steady. Double the dividend.

Sure.
The Chairman is hoping for an eventful year. Fingers crossed.

Can share any update?

No one attended the AGM today morning?

KYY did the exactly same thing as in HY

history repeating ...

Valuation not justified.

Bearish outlook! Cash Out!

Need one or two more quarter to climb further

Good to you bclim.

https://gapki.id/wp-content/uploads/2019/03/Indonesian-Palm-Oil-Statistics-Data-JANUARI-2019.jpg

Cost increases, over supply and market competition should cap its valuation. Price should come down further!

No hurry. Wait till debts are settled. Meanwhile can park your money elsewhere.

No dividend at least for the next two years. Doubted if able to pay 500 mil debt this year. Liquidating debts is good but shareholders receive no dividend. Can't understand why they schedule to settle half of total debts in 2019?

Cost increases, over supply and market competition will cap its valuation.

No loss in plantation segment this quarter. Should improve in next quarter. Many other plantation companies reported loss this quarter.

Safer to enter if price below 4.50. Don't catch the falling knife!

Not many plantation companies achieve 30 MT FFB per hectare. Can you point one?

Now that its its plantation debt is being liquidated and better and stable CPO prices ahead. If no major acquisition, the company should consider paying dividend twice a year. But I believe is hard to do so.

How the world got hooked on palm oil
https://www.theguardian.com/news/2019/feb/19/palm-oil-ingredient-biscuits-shampoo-environmental

https://gapki.id/news/14238/road-test-b50-medan-jakarta-berjalan-lancar-gapki-sambut-salam-sukses

Indonesian presidential hopefuls vow energy self-sufficiency through palm
Read more at https://www.thestar.com.my/business/business-news/2019/02/18/indonesian-presidential-hopefuls-vow-energy-self-sufficiency-through-palm-oil/#zAzep0uh1VYgiiWs.99

https://gapki.id/wp-content/uploads/2019/02/INA-PALMOIL-STATISTIC-DATA-2018-FULL-YEARS.jpg

https://www.freemalaysiatoday.com/category/nation/2019/01/31/feng-shui-says-palm-oil-will-do-well-in-year-of-the-pig/

Plantation potentially very good cash generating division. CPO 100,000 MT to generate additional cash flow 20 million from the USD50 savings alone.

Production for both Estates FY2016 FY2017 FY2018
Fresh Fruit Bunches (“FFB”) (MT) 371,000* 398,000* 465,000*
Crude Palm Oil (“CPO”) (MT) 85,000* 83,000* 101,000*
Average CPO Price RM2,050 RM2,530 RM2,160
Oil Extraction Rate (“OER”) 22% 20% 21%
PT MKH – FFB Yield (MT/hectare) 25MT 26MT 30MT

Ah Chen said:

The industry is expected to improve gradually following Indonesia's removal of crude palm oil export levy from previous USD50 per MT that will stimulate rise in palm oil trades. The crude palm oil prices have since recovered from the previous low of approximately RM1,800 to above
RM2,100 per MT, and we expect demand to pick up in 2019 partly due to:-
• Indonesia’s enforcement of B20 biodiesel since October 2018
• Reduction of Indian import duty for CPO from 44% to 40% in January 2019
• Malaysia’s implementation of mandatory B10 biodiesel in February 2019

We will also continue to give focus on enhancing estate management with increased implementation of mechanical-assisted collection to boost production efficiencies including oil extraction rate. Hence, we expect the Plantation Division to benefit from the above.

Wow wow!

只欠東風!

When people dump you collect. Property industry still not in right time. Property industry not cyclical will stay low for many years to come. Nevermind the company is solid. Nevermind the company has 20 years unbroken profit record. Nevermind the company still pays dividend. Still property is not out of wood yet. Just dump. When people dump you collect. Happy investing!

Spot on enid888. IBs only looking for story to tell. Story not good Sorry.
Some property counters are paying better dividend.
Properties are necessity!

A developer that comes a long way ...

Fund cashing out.

http://www.theedgemarkets.com/article/india-cuts-tax-palm-oil-imports-malaysia-gain-most

Why put money in a company with negligible yield. Good in what sense? Yes in a supposed strong growth industry. But Gdex is not capitalising it will in turn losing its market share. Need a person that can run the business better than the remisier.

Can find many companies with this profitability even higher than Gdex trading at market value ranging from 600 to 800 million. Gdex should be rightly valued at 700 to 800 million nothing more. It means Gdex share price could dive half to 13 to 15 sen. Seat tight everyone!

For business that is evolving fast and furious, they need a guy that can run it.

Don't catch the falling knife!

Going by the sales and profitability trend, the reasonable market value should be below 1 billion. Current PE of 74 times is too high. No point to consider this counter for the time being.

When you are slow others will eat into your market share. I've been monitoring this counter for quite some time. No hope!

With this pace of business ... its market value should begin from below RM1 billion.
Currently it is too expensive!