1H2021 EPS is 31sen. Full year 2021 EPS may be above 60 sen.

@Asia88, though it is not exactly 100%, I was just highlighting the big picture based on the following as reported :
1H2021. EPS 2.71 sen, total interim 2.6 sen (96%)
2Q 2021. EPS 2.16 sen , interim 2.3 sen (106%)

Q2 results not bad at all. Most importantly, the interim dividend is very generous, 100% payout . I Mgt is obviously very confident the remaining year’s performance will still be very good . 3Q will definitely be very good both in EPS and dividend.

Holding steady despite qtrly loss.

Q2 results is disappointing.

@Alf13, BNM approval may take up to end Sept .

Waiting for the good news to come …

Privatization likely. The controlling shareholders hold 80% already.

The disappointing laggard !!

EPS 1H2021 is 8.1 sen., FY 2021 shall achieve about 16 sen. At 10x PE, it should worth $1.60 per share ?

NPAT 1H 2021 is 4.9 sen per share . FY 2021 may be about 10sen.
At 10x PE, it should worth at least $1. Net realizable asset value may be about $2/- per share if the assets are put up for sales .

I estimate 2Q 2021 NPAT to be around 5 sen.

Bought 20,100 share at $0.71 today .

@moratorium , in fact, you get about 8% DY base on you cost. (7sen / 90 sen). I hope dividend rate will further improve over the near term .

4sen final + 3 sen interim paid = 7 sen for FY ending 31/3/21. . DY is 5.4% based on last Friday closing price of $1.29. I am happy to continue holding this stock .

@endgame, you are such a clever boy!

The stock was heavily manipulated last couple of weeks . Those who panic sold shall regret to give away good money.

Is final dividend to be announced this month?
Many PNB/ASB listed stocks are down considerably in value since the start of 2021 . Will MNRB which is about 57% owned by PNB/ASB increase dividend payout to shore up the funds’ performance? Afterall , MNRB has the means to do so .

Surprisingly managed to get 20,000 share at 72 sen today.

Lack of buyers , any sell down by funds or manipulation by syndicate can easily dampen the share price of big guys like Simepltn, IOI and genp . Share price of the mid size and small plantations are a lot more stable without foreign and local funds as shareholders.

Because lack of buying support, Shorties can therefore play the game but up to one point only .

This also apply to gloves and petrochemical counters .

Due to ESG compliance , both foreign funds and local institution like KWAP, EPF shunned this stock and are selling down . Retail investors are weak to absorb the sell down. As a result, I think the share price will remain depressed for a while despite good earnings and dividend.

Not easy to get 72sen , may be can get 5 ,000 share once in a while. Seller are very reluctant to sell below 74 sen.

Picked up some today

Add some at $3.30 today .

Good opportunity now to start accumulating more for dividend and capital gain .

Added some $3.40. Hold for dividend .

$0.15 special dividend is not bad at all .

The wild price swings in these 2 days is probably not about if the privatization will go thru. It points to unusual market activity.

Typo error : implantable. Should read as unplantable.

Total 26,500 ha of leasehold land in Sarawak with 10,300 ha planted with oil palm . The rest of the lands are for buildings, mills , some unplanted and some implantable ( ie not suitable for planting). Total book value for the whole asset in Sarawak is $57.30 mil as at 31/12/20. Assuming zero value for the unplanted and implantable areas, the planted area of 10,300 ha with 2 mills should worth 600-650 mil. The profit from.disposal will be $540 -590 mil.

Government approves 14 mil doses of Sinovac to be sold to states and private companies. This is despite $billions of funds already allocated to vaccinated all for free and millions are waiting in long queues ! Is this for’ bailing out’ pharmaniaga/Bstead/LTAT ??

@tonychua, I think the ongoing M&A activities in the insurance sector is part of the industry liberalisation process . BNM also encourages consolidation between the players to strengthen their financial position and efficiency.

Because government to make sure Bstead and its subsidiaries turned around well and start paying good dividends to the members of LTAT.

That is privatizing Bplant by issue of Bstead share . I think it is not workable without the option of cash offer for minorities to choose .

They ‘overpaid ‘for the Duta estates which resulted heavy impairment in 2018/19 when CPO was hovering at RM2,000. This year CPO price is double and the estate is rehabilitated I wonder if there will be reversal of impairment made ?

I think with over $800 mil cash inflow with major portion this year , WCT is in very good position to pay higher dividend over the next few years. I think some assets monetisation will also happen along the way to further strengthen the company’s financial position. I will hold this share until it is ripen .

Managed to pick up 61k share at 38 sen. Shall continue to buy the dip

Manage to collect some at 72.5 sen today

@aliyusof, I think staggered asset monetisation starting with the low yielding estates in Sarawak is not a bad move at all . That doesn’t stop Bplant to further monetize other landbanks or estates particularly the valuable land banks of high development value in west Malaysia . Staggering the disposals is easier to attract more potential buyers , fetch better rate and politically less sensitive than to sell the entire stakes .
Privatization or not is at the call of Bstead and LTAT and is still possible parallel to the asset monetisation process.
With or without privatization, the asset monetisation plan and the robust CPO market is good enough to reflect Bplant in much higher valuation in the near future. Just be patient to allow the management to work it thru .

@aliyusof, I shall give you my view in the Bplant forum instead. Pls check it there . Thanks

@aliyusof, yes. I sold at $3.40 after Q1 result . Started buying back 2 weeks ago around $2.70-2.80. According to people in the industry LCTItan 2Q results to be announced soon will still be very good , though lower than the record level in Q1.

I picked up some today at 84.5 sen to average down my cost and sit on it for the next cycle.

May be it is time to pick some now ahead of 2Q results announcement. I suspect 2Q profit will still be very healthy .

Buy the dip . Pick up some at 73 sen

Agreed. It’s a matter of when Duta Yap is going to take it private. It may be sooner than later amid extremely poor market sentiment which may make thing easier for him .

I am in this stock now. Buy on dip . I think its fundamental and high dividend yield cannot go wrong.

@cheongmd, I choose Sime over IOI for its higher dividend Yield expected and for its size .

Damn good buy at this price . Started accumulating from today at $3.56. Once the foreign funds are done with their selling , price will rebound strongly .