@Sslee, the derivative loss is certainly in commodity swap. I think Petronm hedged too aggressively the crude (raw material) they need for refining. Bear in mind that crude Brent price swung wildly in the qtr. It started (3rd Jan) at around USD78 and increased all the way to around USD124 (8th Mar) and plunged to USD96 (16th Mac) and it ended at USD103 on 31 Mac. When the Ukraine war broke out, oil traders in PetronM might have taken big position at high end of the price (eg USD124) thinking that Brent could scaled beyond USD124. Unfortunately, Brent came off drastically after peaking at USD124 around 8th march.

@klsejeff88, Cepat harvested more FFB in Q1 2022 than same period one year ago (21,977 MT vs 19,694 mt ). Do you think they have employed monkeys to harvest the fruits ??
Although labour shortage is real, the plantation management will know what to do to prioritise the work in the field. Trust me that harvesting FFB is right at the top of the list. Other field upkeep works can be delayed while whatever can be mechanised is machinesed.

I am a bit cautious on Cypark when the company fail to pay any dividend for years (not even a few cents) despite reporting good earnings consistently.

Facts and figures are out there and can not tell lies. It's just a matter of a bit more time that Hengyuan and petronM will shine.

Per QR, total derivative losses charged is RM230 mil, out of which $52 mil is unrealised.
Hopefully, the unrealised portion of $52mil which is a temporary mark to market difference will come back in next qtr (?).
Imagine if there is no massive RM230 mil derivative losses charged, Q1 results would have been explosive too.
If the treasury people/traders don't screw up again, Q2's profit will surely be explosive!

The CEO is optimistic of the performance for 2022.
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=126390&name=EA_GA_ATTACHMENTS

Very hard to explain the recent unusual price drop and wild swing within a day. Total shorts for Petron on 25/5 was only 26,200 share only with RSS, IDSS,PSSand PDT included. Short selling can not explain it.
It was a coordinated attacks to bring price down, caused panic to traders and weak holders , diminishing buying interest, caused margin calls and forced selling and that spiraling the price down . The sharks will have no more room to manipulate when margin trades are squared off and retailers are not giving in. I think that day is near the corner.

Very hard to explain the recent unusual price drop and wild swing within a day. Total shorts for HRC on 25/5 was only 134,500 share only with RSS, IDSS,PSSand PDT included. Short selling can not explain it.
It was a coordinated attacks to bring price down, caused panic to traders and weak holders , diminishing buying interest, caused margin calls and forced selling and that spiraling the price down . The sharks will have no more room to manipulate when margin trades are squared off and retailers are not giving in. I think that day is near the corner.

Up or down depend if the sharks’ have achieved their objective. Hengyuan and petronM are being deliberately cornered.

Myself and a group of my friends have written letters to the Boards requesting total capital repayment/dividend sum to be higher than 45sen. Just pray hard that our voices are heard . If it comes it is bonus .

Crap or no crap . Just look at the wild price swing. Doesn’t it tell you something?


by Min9088 > 35 minutes ago | Report Abuse

talking crap lol

__________________________________________________
Johnzhang

I don’t think is because of the call warrant.
There is deep pocket sharks coordinating the attack on the energy stocks : hengyuan, Petron, Hibiscus, cypark . Cypark in renewable energy.

@sheldom, look at the price swing today . It tell us something.


Posted by sheldon > 4 hours ago | Report Abuse

Johnzhang - i think and mainly HOPE that your point is valid - dump the shares to force margin players without deep pockets to sell, further aggravating the downward pressure so that the profiteers may pick the shares up for a song.

I hope I got that right.

Sharks can rule the market. This is because there is no buying support from foreign and local funds and retailers are weak too. Short selling is permitted by bursa . Nothing we can do .

Sharks are having coordinated attack on energy stock these 2 days : Petron, hengyuan, Hibiscus and cypark. Cypark is in renewable energy .

Many say the call warrant issue causes price to drop. I don’t think so.
There are deep pocket sharks coordinating the attack on the energy stocks : hengyuan, Petron, Hibiscus, cypark . Cypark in renewable energy.

I don’t think is because of the call warrant.
There is deep pocket sharks coordinating the attack on the energy stocks : hengyuan, Petron, Hibiscus, cypark . Cypark in renewable energy.

Cypark, along with hengyuan, Petronm and hibiscus are attached by sharks.

Apart from hengyuan and petronM, Sharks are attacking Hibiscus and cypark too! It’s damn obvious. Why is authority not taking action?

The sharks’s action has successfully induced forced selling or margin call which further put downward pressure on stock price . This exactly meeting the sharks’ objective.

The sharks’s action has successfully induced forced selling or margin call which further put downward pressure on stock price . This exactly meeting the sharks’ objective.

Seem to me that both Hengyuan and PetronM are being cornered these 2 days . These happens just before QR to be announced soon. Worthwhile to top up at current level

Seem to me that both Hengyuan and PetronM have been cornered these 2 days . These happens just before QR to be announced soon. Worthwhile to top up at current level .

Make good money and can’t afford to pay a single sen of dividend for years . Very fishy .

The overall sentiment for plantations are badly affected by the disappointing results of the big caps.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

Lower production in March qtr compared to Dec qtr is due to crop seasonality . Every year is the same !

Unbelievable how the market function ！

Extremely weak market sentiment, no support from foreign and local institutions, local retailers severely hurt by recent months sell down of penny stocks, glove and tech stocks. Therefore, manipulators rule the market. Truly value and long term investors will profit eventually.

It’s great buying opportunity for truly value and long term investors.

Extremely weak market sentiment, no support from foreign and local institutions, local retailers severely hurt by recent months sell down of penny stocks, glove and tech stocks. Therefore, manipulators rule the market. Truly value and long term investors will profit eventually.

It's foolish to compare qoq for plantations which has crop yield seasonality.

@stockpicker888, stripping the gain on land disposal, operating earning is 353% higher YOY.

Posted by stockpicker888 > 19 minutes ago | Report Abuse

Reading the QR, Isn’t the huge jump in profit due to disposal of plantation assets at 364 million? If we minus this, the result could be flattish or slightly -ve, which is an expected quarter, inline with most companies. Nevertheless, this is still a potential counter, but buyer have to realise the reason of the high profit and dividend.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

@chkhooju, after receiving 45sen, you cost is $1.05 to $1.14 only . I think a very safe bet.

Hahaha… wiser to stay calm and don’t fall prey to insiders and sharks.

@speakup, Favco 85 sen is dividend sure in pocket without having to get approval.
Mphb’s 45sen is still subject to many approvals yet to be completed and conditional to completion of insurance sales . There is difference and investors want certainty.

I am waiting at $1.45. After 45 sen repayment, nett cost is $1.

Can EGM be virtual too ?

That leads me to think that the management is evasive and the most likely outcome is for SU to take 100% control of all assets worths $billions by utilizing the balance of the assets disposal proceeds after the 45sen distribution. The balance proceeds add up to about $866 millions.

I personally don’t like the Management not being upfront on the use of total disposal proceeds in MPI totaling $508+360 millions. Proceeds from the land disposal in earlier years totaling $340 million has not been addressed too.!
They should at least proposed to distribute to shareholder all of the $508 mil being the disposal proceeds from the 51% MPI . The disposal proceeds in earlier years from 49% MPI and land totaling $360 +340 =$700 mil can be addressed in AGM. And $700 mil is a huge sum for investment, working capital etc!

@opportunate, I like your calmness and optimistic disposition, something many of us to learn .

Increasing crude oil production and increasing refining capacity is not so simple and quick as you may think. Serious lack of new investment in exploration and new field over the last few years due to global warning pressure from all fronts couple with aging existing field will see supply to be tight for years. Oil companies are reluctant to step up capex due to the uncertainty of global warning backlash. Same goes with refining.
I am heavily invested in palm oil . I like crude oil too, especially the refining segment. Both pays off very handsomely .

Irrespective of whether the dividend will be sweetened, we minority must continue to fight against "oppression" by controlling shareholders. Minority must wake up and show them the power.

I have just read yesterday's announcement on how the $508 mil (71sen /share) from the 51% MPI disposal to be used - only 45sen is proposed to reward shareholder !
SU thinks we the minority investors have forgotten the huge proceeds from the balik pulau land sales ($226 mil) , Pengarang land sales($113mil) and the 1st 49% sales ($360 mil) totalling $699 mil ! Nothing is paid to shareholders from these previous asset monetisation over last 9 years! Nothing is spend on business development or in new busienss venture to enhance the value of the company!

Yesterday's proposal to reward only with meagre 45sen is not reasonable and can not be accepted. Shareholders must protest fiercely until justice is done.
I will be writing a protest letter to the Board of MPHBcap to let them know there is no incentive for me to support the insurance disposal. My letter will be copied to Generali Asia,
Malaysia's Minority Shareholders Watch Group (MMSWG) and some of the press as well.
Minority shareholders who have the same feeling should do the same.

Palm oil outlook is good . So is crude oil . Both are the basic necessities in life and not much you can cut . Crude oil fundamentals are the same as palm oil eg ESG/ climate change curtailed new investment, war and sanctions disrupted supply and logistics etc. oil price will stay high for a while benefitting upstream producers. Refinery margin is 3-4 times higher than the average of last 10 years !
I stay invested in palm oil as well as crude oil . The return from both are fantastic and mid term future are equally good .

Nice closing today. Weak holders are being ‘eaten up’ gradually by shark/insider until special dividend and/or capital reduction is announced in a few weeks time .