KYY, for goodness sake, the lower qoq production and profit is NOT due to labour shortage. It is the seasonality factor! Q1 coincide with low crop period ! It’s the same every year . Don’t misled your reader . Just compare yoy!

Simeplt realized CPO price for Malaysia segment is only $4,122 which is only marginally higher yoy . This is the result of too much forward sales and poor foresight ! That explain simeplt’s low profit increase yoy.
Avg Spot month CPO price for Q1 is about $6,000. Most small and mid cap plantations will achieved realized price close to $5,800-6,000 and be able to report double to triple jump in yoy profit . So stay with the small and mid cap plantations.

I have consistently said that privatization thru SCR is imminent . There is just too lucrative for major shareholders to strip the assets eventually.

Because all the landed assets worths a few $ billions and they are all in very strategic locations.

I think once the interested shareholders taken it private thru SRC, they will progressively strip the company by monetisating assets by assets over years .

@Opportunate, the term is SCR (selective capital reduction) ie buying out majority of the independent shareholders (called disinterested shareholders). After the SCR, the major shareholder (SU) and his related shareholders ( called interested shareholders) shall continue to own the company. The company can subsequently be re- listed if the interested shareholders wish.

How come PetronM surpass hengyuan now by 20 sen!

Investors should try to attend to voice out strongly the requests for management to set very clear dividend policy. I will be there .

Mr OTB, would you mind to share with us your estimate for HRC’s FY2022 profit ? Thanks
—————————-

Posted by OTB ;
rr88 is a liar.
Whole year 600-800 million profit.
Please show me your calculation.
You are a big liar wants to buy cheap on Hengyuan.
You do not do your homework and simply talk without facts and figures.
You can bullshit to others, do not tell lies here.
A liar is always a liar.

LTAT is working on value appreciation for Bstead and it’s subsidiaries like Bplant. More assets monetisation in Bstead and Bplant is expected.

https://newswav.com/A2205_UiGFZB?s=A_HOGThr5

LTAT is working on value appreciation for Bstead and it’s subsidiaries like Bplant. More assets monetisation in Bstead and Bplant is expected.

https://newswav.com/A2205_UiGFZB?s=A_HOGThr5

I guess some take profit in anticipation of another DJ plunge ?

Wild price swing today from as high as $7.60 down to $7.13 at the close.

What happened to HRC these 2 days?
Wild price swing today from as high as $7.70 down to close at $7.17!

With KYY and his supporters loading up PetronM, it’s share price may soon overtake HRC. KYY can not eat his humble pie following his mistaken comment on HRC recently.

With KYY and his supporters loading PetronM , it’s price may soon surpass HRC.

After insurance sales , MPHB cap has plenty of good value lands in KL, selangor, Penang and Johor that can be monetized. All these lands are not bringing any meaningful yields and the group has no plan to undertake any development on them .

PetronM fast catching up to HRC. KYY may be loading up PetronM instead . He can’t eat his humble pie .

PetronM at yesterday closing $6.71 still a very good buy !

Very good results instead! Profit increase 67% yoy!

@Contrarian, per account 31/12/21 that segregated the insurance segment:
Asset classified held for disposal $2,906942,000
Liabilities held for disposal ($1,703,465,000)
-------------------------------------------
Nett asset $1,203,477,000

Less non-controlling interest ($646,158,000) (on assumption this is Generali portion)

------------------------------------------------
Balance nett asset belong to MPHB $557,319,000

The about $557.4 mil nett asset is before considering disposal gain for the 51% sales of about $ 250 mil which will only be recognized after completion of the sales.

@Contrarian, I think the disposal sum for the 1st 49% of $355+ mil is retained in the insurance holdings and therefore reflected in the asset held for sales amount when the company is separating the total insurance assets and liabilities per account 31/12/21. There is also about $128 mil receivable current which I believe is the credit receivable.

You should also look at the account a qtr earlier before the insurance segment was separated to see how much were the cash , investment securities and receivable.

TheContrarian,
the money is still there , nothing spend and nothing distributed to shareholders since 2014. They are in Cash and in securities investment which the management said are money market funds. Perhaps a small portion is utilized to fund the credit business too.
Although there has been BNM’s restriction on dividend distribution (as the company is a financial holdings), there is no restrictions for the company to utilize the money to acquire new business or expand existing business. Yet nothing is done after 7-8 years and the management is clearly show no appetite to take on new business. I tend to believe that a large chunk of the cash will eventually be distributed to shareholders. The political background of the company in the past (as I share in a separate post this morning) and my suspicions that some ‘old politicians’ are still behind the scenes strengthen my argument on the dividend distribution. I may be wrong .


————————-
Posted by TheContrarian .
@Johnzhang, what happened to the RM700 million over the past 7 years since 2014?

PetronM is fast catching up to Hengyuan

Agreed with TheContrarian that the consideration should be higher than the $355mil for the 1st 49%. Irrespective of what the final amount is, this will add to the existing over $700 mil cash pile after the 1st 49% sales. What is more important for us to think about is what the company is going to do with over $1 billion cash pile.
———————-

http://www.mphbcap.com.my/popup_news.asp?id=156

Though it is an old writeup, it is still relevant to understand the political battle trying to control MPHB. Shareholders should know a bit of this background.

http://lib.perdana.org.my/PLF/News_Online/2017/00105/MalaysiaToday%5B5October2016%5DMAHATHIR%E2%80%99S%20MULTI-BILLION%20RINGGIT%20BANKING%20PHILEO-SOPHY,%20PART%202.pdf

aliyusof, as I am traveling outside Malaysia I have not read the Edge. What’s the gist in the paper?

Below news essentially means LTAT will reduce its investment in Local public equity from existing 44.1% to 20 %. and increase foreign public equity from 0 to 30%. In order to achieve this , LTAT may divest certain entity ? Which one will be most likely candidate?
————————————
KUALA LUMPUR – The Armed Forces Fund Board (LTAT) aims to increase its public equity exposure to 50% through the realignment of its asset allocations as it plans to make a foray into international markets.

Chief executive officer Datuk Ahmad Nazim Abdul Rahman said the retirement fund targets to increase its public equity allocation to 50% from 44.1%, with 30% to be dedicated to foreign investments.

“So, we will see 30% allocated for investments abroad while the remaining 20% will be for the domestic market.

Below news essentially means LTAT will reduce its investment in Local public equity from existing 44.1% to 20 %. and increase foreign public equity from 0 to 30%. In order to achieve this , LTAT may divest certain entity ? Is Bplant to be divested?

KUALA LUMPUR – The Armed Forces Fund Board (LTAT) aims to increase its public equity exposure to 50% through the realignment of its asset allocations as it plans to make a foray into international markets.

Chief executive officer Datuk Ahmad Nazim Abdul Rahman said the retirement fund targets to increase its public equity allocation to 50% from 44.1%, with 30% to be dedicated to foreign investments.

“So, we will see 30% allocated for investments abroad while the remaining 20% will be for the domestic market.

Is Dato Neoh Soo Keat who emerges as a substantial shareholder trying to take controlling stake in BPuri for his property development listing?

Profit surge almost 3 folds !

Posted by StartOfTheBull > 1 hour ago | Report Abuse

Labour shortage caused production dropped and thus revenue and profit dropped.

PChem’s businesses are in the downstream segment like polymer, methanol , urea etc
Fuel oil refining segment belongs to Petronas, the mother company.

Don’t try to fool people with your nonsense!
Cepat’s Q1 2022 profit is 172% increase yoy.
The profit increase may be 200% higher for FY2022 if CPO stay around present level .
—————————————


Posted by plantationgameover > 6 hours ago | Report Abuse

CEPAT QR is out, -36% QoQ because of manpower shortage. tomorrow bplant will follow plummet. those who dont listen to me to take profit prepare to cut loss tomorrow kikiki

s3, agreed . There are all sort of players in stock market. But I don’t think you can get $1 price you hope for . Haha..

Just be patient a bit longer. The big news yet to come .

Not true . I started accumulating Hengyuan and PetronM since early Feb 2022 . Hahaha….

Posted by pang72 > 2 hours ago | Report Abuse

If not me and probability hard sell. No one will interest in hengyuan!!

Cepat has today reported 172% increase of profit yoy. MHC results will be fantastic too.

For plantation business which has seasonal high and low crop, it is only meaningful to compare results yoy.
Q1 2022 profit is 172% higher yoy.
Q2 2022 profit growth will easily exceed 200% !

Youwin, I don’t think it is the case . There is no point to keep cash in bank more than necessary for operations. Must well park the idling cash in some liquid and safe investment that generate a few % return . I have been told during the AGMs that the investment securities and unit trusts are money market funds that could generate better return than FD .

Ya. Investment securities and unit trust are very liquid assets too. There is some money in the credit business too. My point is there are still $3-400 mil nett liquid assets apart from the huge insurance sales proceed.

The market is seriously under-appreciating the intrinsic value of mphb cap at the moment. It is going to change very soon .

After selling the insurance, mphb still owns multi billion $ worth of good quality land in KL, Sgor, Penang and Johor.

Assuming mphb decides to distribute 100% of the insurance sales proceeds, the amount is estimated to be about $1.25 per share . And the company still left with about $300 -400 mil liquid current assets from previous land disposal in Penang and Pengarang + all the good value landbank .
———————————-
Posted by speakup > 7 minutes ago | Report Abuse

SCGM is a almost an empty shell after the sale. not worthless, but maybe a few sens. IMO

@Contrarian, my gut feeling tells me that the quantum of capital repayment and/or special dividend from MPHBcap will a big positive surprise too. Let’s just be patient a little longer for the announcement.

SCGM to distribute to shareholders $2.25 per share from the disposal of packaging business. How much will MPHB cap distribute the proceed from insurance unit disposal totaling $900mil to $1 bil ( ie 49% earlier +51% now)?
—————————-
KUALA LUMPUR (May 9): Food packaging manufacturer SCGM Bhd has sealed a conditional share sale agreement (SSA) to sell its core plastic packaging business to two Japanese firms, Mitsui & Co and FP Corp (FPCO), for RM544.38 million cash.

Of the proposed proceeds of RM544.38 million, SCGM said in a filing with the stock exchange that RM425.56 million has been earmarked for a proposed distribution to its entitled shareholders within nine months.

For illustration purposes, the proposed distribution entails capital reduction and repayment of 36 sen per share, and proposed special dividend of RM1.85 per share. In total, shareholders will receive RM2.21 per share.

Do IDSS on HY is tantamount to suicide . Hahaha

@ Contrarian, kindly share how you arrived at min $620 mil .

MPHB can afford to pay up to $1 as special dividend. Upon completion of the insurance unit sales, it has nett current asset exceeding $1.2 billion . Let’s pray for that to happen.

The first 49% was sold for $356 mil + some $20 mil (?) adjustment too. That was based on 2.45X price to book ratio.

I guess the remaining 51% may be based on the same valuation basis. If it is indeed based on same 2.45X price to book ratio ,the 51% may fetch over $500 mil as book value has gone up with retained earnings from the past 7 years .

@Newbielnsharemarket, pls go through the postings in the last one year in this forum . You will find the answers.

After the special dividend, proposal to take the company private will come within 1 years.