But who are doing the last minute sell down ? What's their intention amid crazy high CPO price ?

Very strong roadblock at 64/64.5 sen. ?

Mispricing is deliberately done ?
When all the sign point to robust Agri commodity market,. CIMB caution mixed signals on CPO (in star paper)!

I think investors need to see solid earning results before jumping in. Q1 results may not be fantastic due to generally lower production y-o-y. Fantastic results will come in Q2 which will be reported in Aug.

Those can not wait and hold would have to sell . I think not many of them .

That's very positive announcement. Hopefully it bounced back to $2/- tomorrow .

many local analysts know nothing about CPO market dynamic and yet making forecast from thin air. Since months ago they predicted CPO to plunge from March /Apr due to increasing production. Instead of plunging CPO is surging . They still refuse to eat their humble pie and continue to cast doubt on the strength of CPO and continue to work with the media to highlight only the negatives. Seriously lack of professionalism!

I think it is ok to retain 50% for investment and pay 50% as dividend especially the cashflow in the next 2 financial years is going to be very strong. 6 sen is only 1.5% dividend yield ! I have no respect for leadership and the BOD who don't look after the interest of the general investing public.

Shit BOD and senior Management! Make 35 sen pay 6 sen dividend only ! Take investors for a ride .

Parksonguy can be charged for deliberately spreading lies!

@Jonathan, I think bplant will pay out 70-80% of it's annual profit as dividend as the parent company bstead holding need it badly too. Although bplant is still having about $2 bil borrowing, they have no hurry to pare it down as interest rate is presenly low and the borrowing is solidly backed by valuable landbank. Merely selling 2,000 acres of land )which is only a small fraction of the total landbank ) near the development area is sufficient to raise $2bil to completely repay the borrowing.

@lLetsfly, what I merely said is when CPO was at $3,000 in early Jan 20, bplant was already $0.75. i didn't try to justify whether $0.75 then was a fair valuation or not. I only try to draw stock price comparison when CPO was $3,000 then and $4,600 now.

Today's share price increase merely a small recovery to the previous month selldown. It is still below the share price of $0.75 when CPO was merely $3,000 in early Jan 2020. As such , the plantation stock prices have a lot to catch up to fair valuation.

CPO 3/1/20=$3000. 3/5/21=$4600
Ijmplt 3/1/20=$2.32. 3/5/21 =$1.81
Make sense ?

CPO 3/1/20=$3000,. 3/5/21=$4600
Taann 3/1/20 =$3.48, 3/5/21=$2.87
Make sense ??

CPO 3/1/20 =$3000,. 3/5/21=$4600
Hspltn 3/1/20 =$2.07 , 3/5/21 =$1.90
Make sense ??

CPO 3/1/20 =$3000 , 3/5/21 =$4600
Sop 3/1/20 =$4.11. 3/5/21 =$3.83
Make sense ??

CPO 3/1/20 =$3000,. 3/5/21 =$4600
Thplant 3/1/20 =$0.65 ,3/5/21 =$0.50
Make sense ??

CPO 3/1/2020= $3000, 3/5/2021 =$4600
Bplant 3/1/2020 =$0.75. 3/5/2021 =$0,60
Make sense??

Another year with higher special dividend!

I think we can expect another year with higher special dividend.

It is boom earning for swkplant in 2021 ' higher production at historic high price.

All the analysts predicted that CPO will fall below $3,200 come March/Apr when production increase. We are in May and CPO reached $4600. Unbelievable!

Steel sector is very cyclical and in fact steel companies didn't do well for most of the years in the past one decade.

Despite CPO at historic high of $4600 making plantation very profitable, I am puzzling why retaiil investors are not excited as much in plantation stock as they are in glove and steel ?

What Vincent555 said is largely correct. The CPO strong fundemantal is totally ignored by the IB, media and the market.

In this regards, Taann will also benefit greatly

Swkplant is the biggest beneficiariy in both increasing production and substantially higher CPO price. I suspect the double benefits ) production and price) is explosive and will also lead to substantially higher dividend payout .

YouWin, I will rather ask for substantial special dividend or capital repayment once the insurance sales is completed which I believe anytime soon.

The Board and Management are under the influence and control of controlling shareholder. What Independence are we talking about ?

Very strong support at 48 sen. Just need a catalyst to leap forward .

I book the profit first. The 2 q results is 3 months away .
Local Market is weak without foreign and local institutions buying. When only few buyers around price will correct even if the company is very profitable.

Despite KYY keep pouring cold water on glove recently glove counter rally its own merits .

Up 3.5 sen last Friday pull back 1.0 sen today is very healthy .

KYY keep pouring cold water on glove. Is it a good intention or .....?

KYY keep pouring cold water on glove! What's his intention?

Per shareholders list as at 29/3/21 appears in 2020 annual report, I notice quite a few shareholders in the 30 largest list have their shareholding increased quite substantially vis-a-vis the daily traded volume in the past 1-2 years. These shareholders appears to be the 'friendly parties'.
2 new funds ie affin hwang tactical fund and SSBT emerging fund make it to top 30 list for the first time .
Something to think about .

Pang of Mamee Decker who.is the 3rd largest shareholders is picking up from open market.

We all must attend the next AGM to tell the Board and Management off. The basic issue like poor yields, high expenses are not even looked into ! What about poor return for many of the high valuable smaller parcels of land in the vicinity of development?

I think the worst may be over. Enough kitchen sinking is done last year. With more assets monetisation to come this financial year will be ok.

AGM is in May . Try to attend and ask some important questions

Those local analysts from investment banks are analysts working from office . They are not people who indulge or work in the industry and hence don't really know much.

Take what KYY said with a pinch of salt . He only tell you what he wants you to hear and to achieve his personal interest.

Beware of KYY! He has no mercy on small investors.

Question investors have to ask is what MPHB capital going to do with over $1bil of cash and liquid investment after the insurance disposal?
Ever since listing , the company has not shown any interest at all to take on new business !
Will the huge cash piie be used to reward shareholders handsomely in special dividend, afterall shareholders get zero return for long 7 years ?
Will the controlling shareholders use the money to undertake SCR exercise ie aking the company private?
If privatisation is the game, minorities have to be smarter not to give in easily as the RNAV may be in the tune of $6-8 per share and about $2 is in cash and liquid investment.

Ya. Looks like sales of insurance unit to generali is a done deal pending announcement only . Generali is seeking to buy more general insurance assets in Malaysia to strengthen to No2 position.

Endgame, really ?

KYY faces huge OLH obstacle and selling now.

Shah800710, with full conversion of the RCPs and warrants arising from the right issue a couple years ago, total number of share will eventually be about 3.6 bil unit . At $1, the market capitalization is $3.6 bil.
I agree that $3.6 bil is not expensive for WCE highway.
Worth noting that WCE also own 40% in the 1,800 acres Rimbayu development spearhead by IJM lands which by itself also worth a lot of money.

FAIRnREASONABLE, for minorities like us it is important to think what is the eventual realizable value of our investment when the day you decide to cash out . NTA of the company doesn’t mean anything to us , but Share price does .
Conversely , OLH being the controlling shareholders who has no intention to cash out has no interest to promote higher share price . In fact, it is his interest to keep share price low over prolonged period to frustrate minorities and to make privatization cheaply at a later stage . The interest of the minorities and controlling shareholders are often diverse.