Q4 2021 EPS of 10.52 sen is excellent and may indicate good time ahead for steel companies should steel price hold at present level or higher. I think it will.
I

Q4 2022 EPS 7.72 sen and FY2021 EPS of 24.21 sen is excellent.
But merely 2.5sen dividend , which is only 10% dividend payout is not acceptable
Minority shareholders got to voice it out loud and show displeasure in coming AGM.
I will do so.

Excellent performance !
Q4 2021 PAT is 81% increase YOY
FY2021 PAT is 133% increase YOY
Dividend of 14sen translate to DY of 10%.
Good share to hand on

Buy Jayatiasa? Is Jayatiasa paying 8.35sen dividend for FY 2021?
I am optimistic that dividend from Bplant for FY 2022 may be as high as 22 sen (12 sen from operational profits + 10 sen from asset monetisation gain).
Just my opinion for sharing. Cheers!

Overall, excellent performance!
Q4 2021 PBT of about $137 mil comes in line with my estimate, However, PAT is a bit lower than my expectation due to higher tax.
By comparision, PAT Q4 2021 is 3.26 times higher or 226% increase YOY. Full year PAT is 5.62 times higher or 462% increase YOY. You can't complain , can you?
4th Interim dividend of 4 sen surprised me and total dividend adds up to 8.35sen
DY is 8.9% based on today's closing .
Dividend payout is therefore 78%, deem very generous like before.
PE is 8.7x deem very cheap in view of high DY. Should fetch PE of 15X.
Net cash generated from operations during 2021 is $441 mil, $240 mil used to repay loans, balance used to pay dividend, interest and finance current assets.
CPO price realised for Q4 2021 was $5,044 and FY 2021 is $4,341 which are excellent.
The contribution of disposal gain and cashflow from Kulai land disposal is not in 2021 account except 43 mi deposit is taken in.

FY2022 is expected to be even much better. Cheers!

Probably too early to switch out of plantation.

Some pullback is very normal and is healthy after such huge gain in past 1-2 weeks .

Great opportunity to top up amid some pullback.

Mutts, land sales capital gain is in Q1 2022.

MKH is so undervalued! It’s 17,000 ha of very high yielding oil palm in Kalimantan has largely been mistakenly ignored by investors.
Yield per ha is a marvelous 30 mt/ha of FFB which is 40-50% higher than industry average.

Enning22, If CPO sustain at $6,000 throughout 2022, earnings for many plantations may rise 50-80% of FY2021.

Sslee's Q4 estimated PBT of $140 mil is very realistic.

Some asked whether Taann or Swkplant is better buy . Both essential under same leadership. I think we can't judge from share price per se.
Taann estimated EPS 2021 is 75sen. Based on last traded price of $4.68, PE is 6.24x
Swkplt estimated EPS 2021 is 51sen. Based on last traded price of $2.98, PE is 5.84X
Technically, Swkplt is deemed slightly "cheaper".
But, that's not all how we value the stocks.
Dividend yield of Taann seem higher and Taann is more than double in FFB production. Theredore, Taann should command fair amount of share price premium.
Both are still very undervalued even with some price run up last 2 weeks.
I think the long term fair value for both should be 15- 20 times PE which has been the case in the past 10 years.
At 15x PE , Taann fetches $11.25 and Swkplt fetches $7.65
Just my view for sharing

@Unfair and Casanwk, Taann or Swkplant ?/ We can't judge from share price per se.
Taann estimated EPS 2021 is 75sen. Based on last traded price of $4.68, PE is 6.24x
Swkplt estimated EPS 2021 is 51sen. Based on last traded price of $2.98, PE is 5.84X
Technically, Swkplt is deemed slightly "cheaper".
But, that's not all how we value the stocks.
Dividend yield of Taann seem higher and Taann is more than double in FFB production. Theredore, Taann should command fair amount of share price premium.
Both are still very undervalued even with some price run up last 2 weeks.
I think the long term fair value for both should be 15- 20 times PE which has been the case in the past 10 years.
At 15x PE , Taann fetches $11.25 and Swkplt fetches $7.65
Just my view for sharing

How Russia -Ukraine conflict affect global market:
Any interruption to the flow of grain out of the Black Sea region is likely to have a major impact on prices and further fuel food inflation at a time when affordability is a major concern across the globe following the economic damage caused by the COVID-19 pandemic.

Four major exporters - Ukraine, Russia, Kazakhstan and Romania - ship grain from ports in the Black Sea which could face disruptions from any military action or sanctions.

Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.

CNA news on Russia -Ukraine conflict:
Any interruption to the flow of grain out of the Black Sea region is likely to have a major impact on prices and further fuel food inflation at a time when affordability is a major concern across the globe following the economic damage caused by the COVID-19 pandemic.

Four major exporters - Ukraine, Russia, Kazakhstan and Romania - ship grain from ports in the Black Sea which could face disruptions from any military action or sanctions.

Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.

CNA news on Russia -Ukraine conflict:
Any interruption to the flow of grain out of the Black Sea region is likely to have a major impact on prices and further fuel food inflation at a time when affordability is a major concern across the globe following the economic damage caused by the COVID-19 pandemic.

Four major exporters - Ukraine, Russia, Kazakhstan and Romania - ship grain from ports in the Black Sea which could face disruptions from any military action or sanctions.

Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.

CNA news on Russia -Ukraine conflict:
Any interruption to the flow of grain out of the Black Sea region is likely to have a major impact on prices and further fuel food inflation at a time when affordability is a major concern across the globe following the economic damage caused by the COVID-19 pandemic.

Four major exporters - Ukraine, Russia, Kazakhstan and Romania - ship grain from ports in the Black Sea which could face disruptions from any military action or sanctions.

Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.

How Russia-Ukraine conflict will hit global market (report in CNA);
Any interruption to the flow of grain out of the Black Sea region is likely to have a major impact on prices and further fuel food inflation at a time when affordability is a major concern across the globe following the economic damage caused by the COVID-19 pandemic.

Four major exporters - Ukraine, Russia, Kazakhstan and Romania - ship grain from ports in the Black Sea which could face disruptions from any military action or sanctions.

Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.

Bplant will cross $1 mark most probably on Monday itself .

If PE 20x , SOP fetch $15. Hahaha

Taann and SOP are just as good as Swkplant.

Based on information from latest QR, Simeplant group produce 9,129 mt FFB in FY2021 or 1,970,951 mt CPO based on OER of 21.59%. The average realised selling price was $3,711 with Malaysia on the very low side due to forward sales (M'sia $3,504, Indo $3,388, PNG $4,510)

Assuming same level of production for FY2022 (ie 1,970,951 mt CPO) and average realisable selling price increased by $1,000 to $4,711 (notwithstanding that spot CPO price now is $6,000),
the EXTRA gross profit for 2022 shall be (1,970,951 x $1,000) = $1.971 billion before considering higher cost of production and taxes.

Thanks Kon. Wishing you a ‘roaring’ Tiger Year . Stay happy and healthy.

QR not bad at all!. Consistently generous in dividend payout .
FY 2022 earnings going to be substantially higher yoy as the low price forward sales contracts are marked to market in FY 2021.
As stock price is forward looking, I think Simeplant’s share price will continue powering ahead .

Thanks XenDee.

Xendee, I am not a technical guy. Can you explain follows after breaking out of bowl pattern?

Don’t forget It went up about 49sen yesterday. I am in fact very happy that it only pullback a little.
We have to be realistic that CPO price and share price will not just go higher every day . In any stock market rally, there are always many intermittent corrections along the way .
The plantation rally is very well intact .

@TheContrarian, don’t know what happened lah.
I am spending most of my time posting on plantation forums since many months ago .
In any case , the completion of Insurance disposal is definitely very near. I will just keep my patience for a little longer to see what next .

@darren, this sector been ignored for too long and funds only begin to see that it is so ridiculously undervalued visa-vis it’s earnings.

Many has forgotten AZRB and MKH also have sizable oil palm plantations in Indonesia. This segment will contribute positively to the profitability of the companies .

A big beneficiary from high Aluminium price . Shouldn’t have problem to cross $1.50 soon .

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

TECHNOLOGY stock has longer runs and many stocks price surged multi folds .

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

I think so. Bstead shall benefit from strong earnings and cashflow from its unit like Pharmaniaga and Bplant.

Mhc the laggard . A nice small company earning about 20 sen/share in 2021. A value buy at today’s price .

Every dog has its day .

Yes. I fully agreed this is just the beginning of the palm oil
bulls.

Wallstreetrookie, I brand those blind ESG followers especially the local IBs and sovereign funds as ESG hypocrites . If those hypocrites are serious in driving changes, they should engage with the businesses or even increase their investment in these companies to exercise greater ESG influence .
Rakuten’s Vincent lau has said yesterday “while ESG concerns are increasingly relevant, the financial performance of the companies will be the primary factor driving investment decisions. Profit is still paramount. The financial picture is still the top driver “
Aun Rand in her novel Atlas Shrugged,said modern business people run their firms more to please the ethical judgment of intellectual and politicians, rather than looking at their customers and at the economic sustainability of their project.

Russia and Ukraine are big commodities producers including Agriculture. If war indeed erupt , palm oil price will surge further.

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

Plantation stock rally has just begun in Feb 2022. It appear to me that there is a lot more steam for this rally to continue for months. Like many other stock rallies, we may see some plantation's share price surge pass triple digit % increase. I will just lock up my plantation stocks to enjoy the once in a lifetime superb return.

GLOVE rally lasted 4 months to reach its peak (Apr 2020 to Aug 2020).
Supermax share price was around $1.63 (2/4/2020) to around $23.00 (7/8/2020), increase of 1,311%
Topglove was $6.40 (2/4/2020) to $28.00 (7/8/2020), increase of 338%
Harta was $6.80 to $21.00 , increase of 209%

STEEL rally lasted about 6 months to reach its peak(Nov 2020 to May 2021)
Anjoo share price was $0.60 (2/11/2020) to $3.10 (10/5/21), increase of 417%
SSteel was $0.42 to $1.20, increase of 186%
Melewar was $0.20 to $0.72 , increase of 260%.

Yes, pharmaniaga made improved profits in 2021 and pay out 70% as dividend for the benefit of Bstead holdings.
Bplant is making multi folds increase of profit too and is expected to pay up very generous dividend too.
Watch out for Bplant instead.

I think Crude oil and steel market will NOT be affected by 1-2% Fed rate increase too.

I think the real economy producing the necessity goods and services will NOT be affected by Fed rate increase. Companies will still do well from economic normalization.
The rate increase will affect the financial and capital market that are lofty and speculative in nature eg crypto, overvalued stock , carry trades etc.

Very generous dividend vis-a-vis its share price!
All Boustead holding subsidiaries, including Bplant, will have high dividend payout. Watch out for Bplant.