Sovereign funds I referred to are EPF . KWAP etc

Sovereign funds I referred to are EPF , KWAP etc

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

THplant surged today

Macquarie wrote negatively about plantation stocks for its own selfish agenda. Everything in the report doesn’t hold water

Amid lucrative earnings , funds are pouring back to oil & gas sector . ESG issue is put at back burners temporarily.
Will foreign funds and local funds (EPF and KWAP particularly) stop selling down or even snap up plantation counters amid historic earning ?

Amid lucrative earnings , funds are pouring back to oil & gas sector . ESG issue is put at back burners temporarily.
Will foreign funds and local funds (EPF and KWAP particularly) stop selling down or even snap up plantation counters amid historic earning ?

Amid lucrative earnings , funds are pouring back to oil & gas sector . ESG issue is put at back burners temporarily.
Will foreign funds and local funds (EPF and KWAP particularly) stop selling down or even snap up plantation counters amid historic earning ?

https://newswav.com/A2110_qJpOCV?s=A_CGRzyOd

https://newswav.com/A2110_qJpOCV?s=A_CGRzyOd

https://newswav.com/A2110_qJpOCV?s=A_CGRzyOd

Amid lucrative earnings , funds are pouring back to oil & gas sector . ESG issue is put at back burners temporarily.
Will foreign funds and local funds (EPF and KWAP particularly) stop selling down or even snap up plantation counters amid historic earning ?

https://newswav.com/A2110_qJpOCV?s=A_CGRzyOd
Amid lucrative earnings , funds are pouring back to oil & gas sector . ESG issue is put at back burners temporarily.
Will foreign funds and local funds (EPF and KWAP particularly) stop selling down or even snap up plantation counters amid historic earning ?

One of the cheapest small cap plantation counters. Share price shall easily breach $1.00 soon .

Very bullish outlook for hiaptek . Just need a bit more patience for market to appreciate it.

Sept qtr Production and CPO price are both considerably higher than the Jun qtr. My personal estimate for Sept qtr EPS is 5+ sen .
Dec qtr will just be as good as Sept qtr if not better.

Didn’t you read the prospectus? If you haven’t subscribed, your rights with free warrant are burned . The last day was 14th Oct .

http://newswav.com/A2110_g7A3q1/
Good news for steel companies in Malaysia

http://newswav.com/A2110_g7A3q1/
Very good news for steel companies . Mycron shall be the biggest beneficiary!

The right issue share and free warrant shall be credited to your cds by 26th evening. On 27/10 ie the listing day , you are free to sell them .

The whole dynamics for palm oil has changed. I think gone are the days for cheap CPO. Production is limited by climate change issue and governmental policy restriction, Increasing CPO volume channel to biofuels deems renewable especially in Indonesia, eventual ban on CPO export by Indonesia etc will keep CPO price significantly higher than the average price in last 10 years. In this respect, oil palm field is increasingly more valuable ,similarly to farmlands all over the world .

Those who bought the OR to subscribe is expected to make good profit.

Listing on 27th oct

THplant’s share price increased 60% over the last 3 months. I am sure it happened for a reason .

I agree there are a lot of choices out there . Better choice or not is subjective and situational. Many investors who pay $3 per share for Serba Dinamik at one point also thought it was a good choice .

Some investors concern about the debt level of Bplant.
My view is debt itself is not entirely bad. It is bad when the company can not generte enough free cashflow to meet debt obligation. It is bad if the profit margin from the business is lower than the interest charge. I am not at all worried for Bplant for the following reasons:

Bplant’s net debt as at 30/6/21 was $1,126 mil . The debt was assumed to acquire 2 plantation assets in Sabah in 2018/19 which are contributing positively to bottomline amid high CPO now. The debt came down by $187 mil from a year ago. The business generated about $187 mil free cashflow in 2020 and it will even be much higher this year given robust CPO.
The disposal of kulai young estate will rake in $428 mil by year end . As such , the net debt will be reduced by about 50% after receiving the disposal proceed and from current year free cash flow from operation. My estimate is that net debt will be down to about $ 600 mil by year end . This is on assumption of no new capital investment in the year . Bplant can be debt free immediately if it decide to disposal another 600-800 ha of freehold development land which is nothing compared to the 98,212 ha of landbank it has . The debt level will not affect it's ability to pay good dividend

Current share price solely on the strength of its earning potential. Nothing to do with privatization possibility . If that come , I am quite confident it will surpass $1/- . Intrinsic value is far higher than share price . Debt level is nothing if compared to its intrinsic value and especially its business is generating considerable operating cashflow .

https://newswav.com/A2110_0w9mUm?s=A_XwfPXKg
Good news for Malaysian CPO producer non stop .

https://newswav.com/A2110_jpISLI?s=A_Av4aKcQ
Very good news for Malaysian

https://newswav.com/A2110_jpISLI?s=A_Av4aKcQ
This is very good news for Malaysia

https://newswav.com/A2110_jpISLI?s=A_Av4aKcQ
This is very good news for Malaysia

That’s very good for Malaysia in the long term .

https://newswav.com/A2110_jpISLI?s=A_Av4aKcQ

5. Possibly another generous dividend for Q3 too .

@Asia88, fully understand impairment is non cash item . But it has considerable impact on P&L and BS. For this reason, Bplant’s share price was badly punished for the huge loss in FY 2019 arising from this $176 mil impairment.
Just curious .
I have seen steel company reversing huge impairment make in past years because price outlook for steel is much brighter now .

Look beyond Bstead , the value is in its subsidiary Bplant. Bplant shall be the savior.

In 2019 , Bplant impaired $176 mil on Pertama estate which acquired in 2018 from Dutaland for $750 mil. The reason for the impairment was the underperformance of that newly acquired asset amid average CPO price of about $2,000 in 2018 -2019. With Average CPO price of possibly reaching $4,500 for 2021 and bright outlook for 2022/23, will the impairment be reversed?

Sop has a lot to catch up .

Having enough cash to meet all the special withdrawals I guess EPF doesn’t need to sell indiscriminately anymore.

1.75 mil tons end Sept stock is just about one month inventory. That’s very low for a food and trade item ! This is situation is good enough to sustain CPO price at high level .

Forecast EPS for FY 2021 is 20.9 sen. There is still great value .

In my post on 8/10/21, where I stated Bplant’s 2021 forecast EPS 9.6 sen and prospective PE 7.1x , they are solely based on operations.
The sales of kulai young land , expected to be completed by end Dec, will raked in a gain of 14.42 sen .
As such , total EPS for FY2021 will be 24.02 sen (9.6. +14.42).

Goh, why don't you ask Zafrul instead ? Hehehe..

Goh , have you seen any announcement from BNM or the BOD of MPHB that the insurance sales is disapproved ?? I haven't .

@ joerakmo, debts itself is not totally bad. It is bad when the company can not generte enough free cashflow to meet debt obligation. It is bad if the profit margin from the business is lower than the intetrest charge. I am not at all worried for Bplant and Thplant for the following reasons:

Bplant :. Net debt as at 30/6/21 was $1.126 mil, down by $187 mil from a year ago. The business generated about $187 mil free cashflow in 2020 and it will even be higher this year due to robust CPO. The disposal of kulai young estate will rake in $428 mil by year end . As such , the net debt will be reduced by the disposal proceed and free cash flow from 2H operation ie ($1,126 - 428 - 100) =$ 598mil. This is on assumption of no new capital investment in the year . Bplant can be debt free immediately if it decide to disposal another 600-800 ha of freehold development land which is nothing compared to the 98,212 ha of landbank it has . The debt level will not affect it's ability to pay good dividend.

THplant:. Net debt as at 31/6/21 was $1,075 mil Net cash generated from operation in 2020 was about $115mil. The company has earmarked some properties for disposal to pare down debt . The debt level is insignificant compared to the intrinsic value of the 97, 289 ha of landbank of which 81,526 ha are planted with oil palm and teak at relatively young profile.

For inno, I think the $0.10 special dividend is due to the disposal of 11% stake in Hap Seng plantantion which I think is one off. Nevertheless, inno consistently pay good dividend too.