No hope for the dying Malaysian stock market. I am shifting to other market and other asset classes.

3x more profit also means nothing.
Malaysian stock market is dying ...no more future. Better shift my money to other market and other asset class .

3x more profit only warrant 3 sen share price increase!
Malaysian stock market is dying ...no more future. Better shift my money to other market and other asset class .

What opportunity in a dead market ?

Despite very good results its share price remain flat . That show Malaysian market is dead.

Not bad at all in the low production season Q1.

Robust profit will show up in Q2 2021

IJM May divest totally it’s share In ijmpltn. Credit Suisse value ijmpltn $3.98 per share .

OLH and parties align to him may have already controlled over 70% . No one can shake him. He will keep osk share price low for a prolonged period of time to frustrate minorities.

Almost all CPO revenue of TSH is in Indonesia and hit by the higher tax structure and forex losses,
TaaAnn plantations are al in Malaysia and realizable CPO price can be $800-900 pmt higher.
So, they are different.
TaAnn will also enjoy the benefiof strong results from swkpltn.

Good dividend may follow the q4 results

Ijmpltn has about half of revenue from Malaysia and shall benefit from high CPO price . Indonesian portion will be better than last qtr too though not as much compare to Malaysia portion. Overall should be higher .

It’s one of the highest dividend payout company.

Swkpltn 1q make 8.5 sen pay 5 sen dividend
Share price $2.42.
Simepltn 1 q make 8.2 sen , pay 0 dividend.
Share price $4.45.
Clearly swkplant is a better buy .

Swkpltn 1q make 8.5 sen pay 5 sen dividend
Share price $2.42.
Simepltn 1 q make 8.2 sen , pay 0 dividend.
Share price $4.45.
Clearly swkplant is a better buy .

During MCO1, plantations operated as usual.
I don’t see any difference now. It is a very very important economic sector for the country

What Buysell88 posted a few days ago about forward sales is somewhat correct . Simepltn 1q results . EPS 8.2 sen vs 5.7 sen yoy. Realized CPO ASP for Malaysia is $3,028 , Indonesia $$2,886 and Png $3,890. MPOB’s ASP for 1st q is $3,895. You can see the Malaysia and Indonesia ASP rather low due to forward sales .

Key point from AGM yesterday:
1. Ongoing insurance unit divestment:. Remain a few issues to close the gap with Generali. ( I guess relating to final pricing)
2. After completion of the divestment, the priority is to pay dividend to shareholders . ( No mention of quantum,. Shareholders should demand full payout from the proceed which may be $800+ mil based on completie disposal of insurance unit)
3. Business Direction :. Nothing as usual apart from maintaining small business in the hospitality and JV property project. CEO emphasize low capital investment

Almost all IB stay neutral and the analysts stressed that current high level of Cpo cannot sustain and will correct down when supply increase later. They don't have to overly emphasize this . This is common knowledge for anyone and the historical data easily available can be referred to by anyone . What professional or 'expert' view they are offering?
I think it is more important to look at the annual ASP (average selling price) for next few years to make investment advise. Even if ASP for 2021 is $3,500 , plantation will make very healthy increase in earning and hence higher dividend .
CPO 's ASP for 2009 to 2020 are estimated as below ;
2009. $2,400
2010. $2,800
2011. $3,350
2012. $2,900
2013. $2,400
2014. $2,350
2015. $2,150
2016. $ 2,700
2017. $2,800
2018. $2150
2019. $2,250
2020. $2,750
Anyone can go to look up for share prices and dividend payout of the private plantation company from 2009 to 2020 and try to relate the data. You will see today's share price is even lower than when ASP of CPO was $2,300-2,400 !
When CPO has achieved over $4,000 for 1st 5 months of 2021 and will lead to much higher ASP for the year , the sector doesn't deserve upgrade by the IB ? ?
I wonder why .

@Kinuxin,. We don't need the analysts to overly emphasize that current high level of Cpo cannot sustain and will correct down when supply increase later. This is common knowledge for anyone and the historical data easily available can be referred to by anyone . What professional or 'expert' view they are offering?
I think it is more important is to look at the annual ASP (average selling price) for next few years to make investment advise. Even if ASP for 2021 is $3,500 , plantation will make very healthy increase in earning and hence higher dividend .
CPO 's ASP for 2009 to 2020 are estimated as below ;
2009. $2,400
2010. $2,800
2011. $3,350
2012. $2,900
2013. $2,400
2014. $2,350
2015. $2,150
2016. $ 2,700
2017. $2,800
2018. $2150
2019. $2,250
2020. $2,750
Anyone can go to look up for share prices and dividend payout of the private plantation company from 2009 to 2020 and try to relate the data. You will see today's share price is even lower than when ASP of CPO was $2,300-2,400 !
When CPO has achieved over $4,000 for 1st 5 months of 2021 and will lead to much higher ASP for the year , the sector doesn't deserve upgrade by the IB ? ?
I have nothing more to say .

When CPO at $2,700 neutral stand , CPO $3,000 , $3,500, $4,000, $4,500 remain neutral stand all the way!
What logic they apply ?

Buysell88, thanks. The leadership ought to be sacked if they did that .

@Buysell888, I am not sure what you said is correct . CPO at FY 2020 closing was about $3,800 spot. From Jan 2021 to present , CPO price progressively went higher to reach $4,750 yesterday. When was the sales for the 70% of 2021 crop done ?
If the transaction was in 2020, the price differential between forward contract and spot closing price at year end would have be accounted for in 2020 financial account. The forward sales , if any, done in 2021 can not be well below $3,000 as you mentioned . CPO prices in 2021 never even went below $3,000.
It is also very Usual for any company to commit forward sales by such high proportion and for so far forward.

Dickyme, don't eat anything as cooking oil here is Palm oil . Don't bath because soap, detergent etc contain Palm oil .

Simepltn produce about 2mil mt of CPO from it's own plantations. Every $100 increase in CPO means about $200 mil more pre-tax profit . If Average CPO for 2021 is $1,000 higher than FY 2020, pre-tax profit may be about $2 billion higher . All based on safe assumption that there is no significant increase in cost of production.
Average price realized in FY 2020 was $2,532 .
It is not too unreasonable to assume average price achievable in FY 2021 of $3,500 and higher.

CPO current month physical price is $4,800. The Dec 21 delivery traded at the derivative market is &3,900. How the hell the analysts still think average CPO price for 2021 remain $2,800 -$2,900 ? They are in denial mode !

@DickyMe, oil Palm crop is the most efficient oil.crop producing many times more oil per acre of land than soya , corn, sunflower and other oil crops. Oil palms economic life is 25 years which means it green the environment and taking up CO2 uninterrupted in it's 26 years of economic life . Whereas , other oil crops are very short terms of few months and the ground is left bare after harvesting until next season . Don't fall victim so easily o the western propaganda.

CPO current physical price is $4,800 (May) . Dec 21 delivery per current trade in the derivative market is $3,900. How the hell the analysts expect CPO for May to Dec to trade at $2,361 to give rise to their full year price of $2,900? Unbelievable!

The analysts are simply in denial mode and lack of professionalism! The SBo premium is growing wider against Palm oil . That means Palm oil remain very competitive at today's level. Unless the analysts expect soya to plunge , Cpo well above $4,000 is sustainable for this year and perhaps even next 2 years . Are the analysts missing this point totally?

Product selling price is under quite some pressure recently. 2nd Q results may be just very flat. I guess stock is adjusting to this market development.

Welcome back to support this stock.

MCO good for insurance company . Earn same premium but claim is largely reduced. Hence better profit.

Sentiment for the stock is affected by MCO

FY 21 earning can easily surpass 20 sen per share . If 100% payout is practice, we can expect 20 sen dividend.

The company is very generous to pay dividend. For FY 2020 payout 100%.

Surveyor ITS revealed that export volume for May 1-10 is 30% higher than same period of last month. Export demand remain very strong

Surveyor ITS revealed that export volume for May 1-10 is 30% higher than same period last month. Export demand remain very strong

Surveyor ITS had just reported that export volume for May 1-10 is 30% higher than same period last month. Export demand remain very strong

Surveyor ITS hg as justed reported that export volume for May 1-10 is 30% higher than same period last month. Export demand remain very strong

Surveyor ITS revealed that May 1-10 export is 30% higher than same period last month. That show export demand remain very strong .

Failing to reward shareholders with decent dividend,. will SOP reward shareholders with bonus share by capitalizing the huge reserve? Minorities who attend the AGm must press on this issue .

Parksonguy must be very very mad now .

Ini Kali lah....
It's still at early stage of the run . A lot more upsides even if CPO stay above $4,000 .

Regarding the impact of labour shortage on plantations , you can be assured that the plantations management know how to prioritize work ( harvesting come first) and to improve productivity of existing workers . There are many things plantations can do to reduce usage of labour eg. Using compound fertilizers that requires less application , further push for mechanization in weeding and fertilizer application, etc.

Cost of production increase won’t be very much , at most $100 per mt CPO due to higher labour and fertilizer costs. But CPO price surged by $ thousand. Why have to worry about minor cost increase? Plantations with borrowing save substantial bank interest due to lower interest rate.

Due to cyclically low production in Q1, the benefits of high CPO price will not be that superb though it will still be remarkably higher yoy. The record earnings will come in q2 and Q3 as production cycle swing up as usual.

Although it is unrealistic to expect CPO to continue staying at today’s price level , the plantations will still be laughing to the bank even if average price of $3,500 is achieved for the next couple of years. Anything above that is super profit .
Plantations companies enjoy extremely strong cash flow and have no problem to pay special and high dividend from their earnings.

With CPO cost of production ranging from $1,500 for the efficient plantation and $1,900 for the most ineffecient plantations, they all are enjoying huge huge profit margin with CPO at today's price of $4,800 .

Windfall tax is nothing new for Palm oil . It was already introduced since 2008. Pls read the news above .
Palm oil is already the only commodity most heavily taxed! I don't think there is any further change to the system.

https://www.thestar.com.my/business/business-news/2019/12/17/mpob-windfall-tax-only-when-cpo-prices-surpass-threshold