LC titan 2nd qtr result ending 30Jun was a big disaster (-193 million losses before tax}. dividend pay out will be impacted if coming 3rd qtr again turn negative. Not a sell call but be cautious and do your own research

We are not Warren Buffet but only small retailers hardly have the financial muscle to have an impact on the market direction. Best for all readers to share whatever news related to only to DNex .

Europe is having an extreme heat wave impacting their yields, supply and production. Buyers will switch over to palm sooner rather than later. The 4 big grain producer{s} in Europe { Russia, Ukraine, France and Germany} is all facing multiple issues. Russia & Ukraine issues { bread basket} of Europe is well documented. Now France and Germany is facing a severe drought and heatwave. Weather is playing havoc to the so called expert`s analysis & agricultural forecast

Yup. Perception can be misleading. Look at CPO discount vs SBO premium . A staggering USD 400 per tonne discount { A historical high}

Dissapointed 2.75 sen pay out for BPlant second qtr interim dividend. Expect much higher rate

The spread between crude SBO and CPO has widened to USD 400 - 420 per tonne {a historical high} with CPO now trading at a steep discount vs SBO. Price sensitive countries eg. India, Pakistan, Bangladesh, China and other Middle East countries would be tempted to switch from SBO to CPO. Traditionally India and Pakistan sourced Crude palm oil from Indonesia and refined RBD from Malaysia.
The lifting of Indonesia export ban and the DMO exemption and the issuance of the so called "flush out" export permits in Indonesia has seen prices fallen more than 30% from thier June high. Producers would be tempted to withhold thier stock sales once thier inventory is less critical.
Marginal shipments of grain exports vessels { wheat } have shipped thru the Black Sea from Ukraine but the difficulties and risks of the ongoing conflict has not subside. Export{s} of sunflower oil is still stalled.
In addition, POGO spread between gasoil vs Biodiesel is positive between USD 40 - USD 45 per tonne { making it financially feasible without subsidies}
Nevertheless the key to commodities play is demand from China and India. China import has been curtailed because of the on- off lockdown.
Last but not the least "extreme weather play" drought and heat wave in US while Indonesia and Malaysia may get a earlier Monsoon call in September - October months { instead of Year end } not a buy call but just to counter the negatively issues. Please do your own research before you buy or sell

BNS was incorporated to take over the dockyard owned and managed by PSC { Penang shipbuilding corporation} owned by Amin Shah { once touted as Malaysian Onassis { the renowed Greek shipping tycoon}. Amin Shah took over the RMN mainteance dockyard} thru PSC { privatisation initiated by the Government of the day in the 90's} to built OPV vessel for the RMN. The OPV vessel was never delivered and LTAT took over the troubled PSC thru BHIC owned by Bstead and LTAT. No one was charged and Amin Shah was forced out of PSC. If we remember correctly prior to GE14. LTAT was involved with the takeover of the infamous AES traffic system at an astounding high price. Everything done is thru a Web of complexity and unseen hands

Poram meeting & dinner tonight. Planter's attending the dinner laments the severe shortage{s} of worker has hindered & impacted thier Estate's operations. Milling side is less impacted. Nevertheless supply side is constrained and unlike in the past when Indonesia CPO is imported freely in bulk. The replanting and limited new plantings has impacted the whole of the Kalimantan region. Peak production is likely muted between the months of Aug till Oct

LCTITAN price unstable and started trending lower and lower over the past few days. Chart wise critical support is pegged at 1.75-1.76.

Bplant used to paid dividend every Qtr until the sharp drop in CPO prices and the price slump in soft commodities. Not forgetting the write off { kitchen sinking exercise} that dragged down their financials and the acquisition of the 2 parcel of Sabah estate's land for $750million {11, 579 acres} and another parcel for 397 million {4915 Ha} in 2018. Steep fall in CPO prices during the year 2018/2019 have resulted in BPlant incurring losses and stopped their qtr dividend payment. The key point is the possibility of writing back the loss provision and the additional special dividend for the land sale. Just keeping my fingers cross and not a buy call. Just my own analysis and personal take

BPlant 1st qtr dividend distribution. 7.3 sen paid out. Coming 2qtr dividend { estimated at 5 sen} to be announced in August. This exclude additional special dividend an ouncement { sale of Kulai estate to Ytl power}. At 80-85sen BPlant is one of the very few high dividend yield counters. Not a buy call

better to invest in quality stocks. Avoid all this 2-3 speculative counters. From 14 sen drop to current 11 sen. Once break can trade below 10 sen. just my own view. risk vs reward ratio

using glove stocks vs BPlant as their comparison? Glove stocks was trading at between $5 - $6 before hitting their historical high of $9-$12. Bplant share price at around $0.75 - $0.85 before hitting the year high at betw $1.10-$1.25. Price wise, earning wise, IB targeted PE ratio all does not jell betw a glove stock vs Bplant

Tsh control by the tan family members. Kevin Tan is the chairman, Tan Aik Sim group MD and Tan Aik kiong group Ed, Lim Fook Hin Ed Ed is a long time associate of Kevin Tan. Appointed to the Board in 1997

MBS doesn't listen to Biden play tune to increase production or lower the oil price. In addition the US biofuel act {RFS} will increase the quantum of ethanol usage from 10% to 15%. Ironically the US beans is suffering from the extreme heat wave that hits the mid West region. If the heatwave persist beans yield will be hit. Ukraine wheat export and thier quantum & quality is at best subjective after sitting for a prolong period { 6-7months}. For EU instead of exporting corn it's look like they are now buying instead of exporting. US agriculture looks have more legs to run. Not a buy call for any counter. Just keep our finger cross and hopefully our own planter's stock will shared part of the loot

Inari is a supplier to Apple thru their Broadcom unit. Apple iphone 13 5G smartphone rollout and adoption was muted { partly due to US - China trade war} no thanks to Chinese anger & boycott of US products. Their RF testing, OLED and supplier of data centre component's constitute their core business. Not a sell call neither an expert but just be careful of analyst calls. We have seen how thier bullish made calls on O & G, tech stocks, plantations and of late banks turned out. Happy trading and do your own research

Yes. Malaysian semi conductor facing numerous headwinds. Local MNC {AMD, Intel, Infineon} have map out plan expansion to increase their production capacity. Inari operations are more on the backend of the business which is facing critical competition from Vietnam and even India. In addition we are suffering from a brain drain of skill engineers and technicians to our neighbours

Not only Bplant but the whole KL market is lack lustre.

Edge reported purported interest a MBO on Bstead Holdings. This may or can be a market diversion from BPlant. Looking at current Bstead share price at 83sen per share already surpassed BPlant share price at 77sen per share. It's make more sense to privatise Bplant vs Bstead Holdings. LTAT and Bstead combine shareholding already exceeded 68% of Bplant. Whereas Bstead Holdings holds or have an interest in Banks {Affin}, Naval Ship building & Defense contractor { BHIC}, Petroleum {BHP}, Properties, Leisure & Hospitality {Royal Chulan}, Industrial supplies {UAC} & not forgetting shopping malls ° they can or will encounter resistance & difficulties to privatise Bstead Holdings. LTAT is the armed forces retirement fund board

China MOF announcement of special consideration to allow local governments to sell up to 1.5 trillion yuan { USD 220 billion} in the second half of this year { an unprecedented acceleration of shoring up country economy}. This bond sale would be brought forward from next year quota. Commodity markets rallied on the news. Do not write off commodities in the second half after a stirring run in between May-June this year

Prior to the XBonus entitlement date on 15 July. Tendency for the counter to push higher

Yes. Apr-Jun result will be very good. Avr MPOB selling price for the qtr is around $6,409 per tonne vs $6,050 per tonne for 1st Qtr.

2 interim dividend FY 22 announcement in August next month

Announcement without any detailed work attachment{s} on actual contractual award, fundings, land acquistion, project scope and variable cost adjustment and most critical any EIA studies?

Yes. Please do not write off or discount off plantation stocks. The price of global jet fuel has nearly shoot thru the roof hitting major airlines profit, bottom line & their earnings { despite the sizeable improvement in recoveries and opening of the world economy} China has produced the world first biofuel jet fuel at their Sinopec plant using recycled cooking oil or called "gut oil" locally " palm oil is the world's most common & cheapest used cooking oil far out reach its other soft oil competitors { corn oil, rapeseed, sunflower, coconut or SBO} recycled bio jetfuel oil has an added advantage of cutting down half of carbon dioxide emission over its life circle. IAE agency estimated usage of jet biofuel will balloon up from current 0.1billion litres used to 2billion - 6billion litres in the coming next 3-4years. News from REUTERS

Securing estate workers from Indonesia is an arduous task and time consuming. Migrant workers either at Lombok and Pekan Baru prefer to work at bigger owned estates {and not the smaller ones} Pitching in and securing their working visas { both Indonesia and Malaysia} are time consuming. In essence only the agencies have the so called contact and network to secure the permits. Oh! money is paid {partly} upfront without knowing their actual arrival dates. My contractor have promised the workers to come in Dec last year { until now not a single worker's has arrived}

Shipping out is not so straight forward. You need to secure the export permit either thru Trade ministry DMO obligation or paid an additional export tax fee of USD $200 per tonne. Logistics and limited vessels { edible oil carriers schedule} and not forgetting the pandemic disruptions all add up to pile up at the port. the CPO export ban which Indonesia imposed ar end April further worsened the situation. Believed it or not the Labour shortage is equally bad in Indonesia { especially at the oil palm areas located in and around Kalimantan}

Plantation sector is resilent and certainly a safer bet vs current market volatilely. Earnings are here to stay despite market dropping from their multi year high. From $6,300+ to current market price of between $5,000 + is OK. Remember the windfall tax for CPO is pegged at $3,000 per tonne { anything higher at $4,000 per tonne is termed at super profit}

Sarawak Estate is a joint venture betw Pelita and Bstead. Kanowit is a big estate but only draw back is the high planting cost {peat soil} whether is a good deal really relies & depends on the pricing. Initial entry price is very low vs current Cpo valuation. Need to wait for more details

Without disrespect to any sifu. Berkshire is a unique investment holding company with Warren Buffet at the helm { acting more like a hedge fund} with his peculiar style of investment. And not taking any fee or charges or neither giving any share splits and dividends. This is peculiar and only applicable to the US market . No share splits No dividends No private placements. Hardly can applies elsewhere. Imagine if Public Bank listed in 1967 not giving dividend or any share splits just reinvesting in the holding company. What is the price now? But equally important is our market players accept such an unique arrangement. I don't have an answer??? Just my personal own viewpoint

Rate of dividend payment to the minorities of the company is critical in any investnment decision. Not only applies to retail player equally to investment funds { eg. Mutual funds, unit trust, insurance companies }

INDONESIA palm exporters have too bear and incur many extra levys or extra charges to meet the new domestic regulations introduced.
Apart from the DMO requirements. The palm exporters have to bear the export tax & levy of USD 575 per tonne fee { which the Trade Minister has announced to be reduced to USD 488 per tonne} But the Trade Minister {Muhammad Lufti} did not specify when the new fees will be imposed.
Another update is that companies are allowed to export up to 5 times the amount { quantity } vs what they have sold locally
Sounds burdensome and yet inaddition Indonesia palm companies still have to bear the consequences of old contracts which they have not shipped or fulfilled when the ban was imposed in April 28

Without disrespect to any parties. The whole local market sentiment is drag down by the recent FED rate hikes, China lock down plus other external factors. Not only Bplant but all others counters was hit by the recent bad sentiment and price retracement. The index was pulled down from 1602 {1/4} to today low at 1493 {10/6} A loss of 109 points {6.8%} DJ , S&P, HKSE, STI was not spared either. Unless you have a magic crystal ball. Everybody is also hit unless you are not in the market entirely

Just wait for TG coming qtr result announcement. Either break or top up relies on how TG perform. Most important is how EPF continue thier portfolio rebalancing. Is EPF going to further reduce their rubber glove exposure. EPF has been aggressive in reducing their stake in all the glove holdings

Bplant should consolidate after yesterday XD {8/6} date. At 98 sen not much margin for the flippers to pocket the 7.3sen dividend and sell the unit share. Just my own view

Looking at the chart. TG looks weak but instead of all gloom and doom. I suspect the technical support is pegged at 1.00+. Just my own view

Have to wait for the dividend pending the next qtr result announcement. Indonesia export levy & tax is top heavy for their companies to compete in the open market. Bad for Malaysia owned companies operating there. Currently the Indonesia tax is at USD 375 +200 =USD575 per tonne making Malaysian based palm a bargain vs SBO price premium of USD250 per tonne in Rotterdam. Coming peak Summer months will drive up oil prices. Coming winter months in Europe will hike up gas prices { if the Ukraine Conflict is prolong} just sharing my own thoughts

Recent dividend announcement
Bplant. 7.3 sen, Innoprise 6.0 sen, KM loong 5.0 sen, HSPlant 0 sen, Genplant 4.0 sen, SOP 6.0 sen, just a snapshot on the plantation. Look at their prices and yield. Not a buy call just my own view.

Common for physical traders to buy and sell 2-3 months CPO forward delivery position. Trades reported to MPOB on 1st June {yesterday} cover June delivery and July delivery month. All cpo trades are required by law for registration with the MPOB board.

Same goes for Indonesia. Gapki is the Indonesia Board similar to our MPOB board. According to news report Indonesia has issued permits to 18 companies for the export of RBD palm oil {88,000 tonnes} and palm olein {90,000 tonnes} . But none for crude palm oil shipment. Shipment & vessel dates normally differs and varies between Europe { Rotterdam} and India Sub Continent port of calls. Currently port congestion, tight shipment schedule and limited vessel calling is a norm.

In year 2008-2009 the highest CPO price achieved was at MYR $4,150 per tonne. Anything above $4,000 per tonne is deem as super or superb abnormal profit level for the planter's. Now we can understand why a few listed companies was completely taken surprised by the bullish of the market { to lock in all their forward sales against their production } certainly not BPlant or HSP. The average traded price for May CPO is at $ 6,873 per tonne {highest for the past 5 months}
Jan. $ 5,354 Feb $5,930 Mar. $ 6,867 Apr $6,249

Yesterday physical CPO was reported and trade between a high of $6,700 and a low of 6,560 per tonne for June and July deliveries

Top glove & Inari have both slip off from the top 30 { MSCI constituents list of companies.}Speculation & rumour that West port, HAP SENG or KLCC might be the new MSCI constituents replacement stock. One of their key criteria is the minimum free float eligibility of 15%, between the existing and non constituent { HAP SENG fail on that score} Tomorrow we will know their fate

Wasted 1 billion ringgit supporting SBB. If? Used SBB $$$ paid to for minorities so much better.. Tan Sri Lim judgement error

Uncle KYY part of your news article is not accurate. Yes some of the west Malaysia based plantation companies may report lower FFB production figures in their 1st Qtr. But please do take note. Sabah planter's production may be higher vs their peers in Peninsular or Sarawak. Earnings growth for all the planter's will be higher. Due to strong CPO & Kernel average traded prices. The last 5 days we have seen all the planters have reported higher profit { not less profit} in their statutory corporate announcement

Sime marketing have a policy to lock in 50% of thier estimate production between 3 - 6mths whenever the CPO price exceed 3,000 +. This transfer pricing policy is betw Sime estates and their downstream refinery operations

Back to back calculation BPlant revenue for the 4qtr result {Oct, Nov, Dec} reported at 1,050 billion. Nett Profit attributed to SH at $241 Million. Coming 1Qtr result {Jan, Feb, Mar} estimated revenue at $1.45 Billion and Nett profit attributed to SH at $ 620 - 630 Million. Just an estimate guess calculated based on higher CPO average traded price of $6,000 per tonne { Jan, Feb & Mar}. Not a buy call. just my own guess estimate for BPlant coming qtr announcement. Please do your own research before investing

Indonesia { Jokowi } said he might reconsider lifting the partial ban on palm products if the domestic price of cooking oil falls back to 14,000 rupiah for the 1 litre subsidised pack of oil { they call it base price}. The investigation on Musim Mas, Wilmar, Golden Agri, PT Salim, Permata Hijau on irregularities and withholding of oil initiated the ban which was supported by the people { not the congolemerates } the price of cooking oil has eased from the high of 42,000 rupiah to 18,000 to 23,000 rupiah for the 1 litre cooking oil pack { depends which part & areas of Indonesia} in Jakarta gradually the crowds have eased but outlying areas still faced logistics and access to the supply. We must remember Jokowi comes from Java he isn't exactly a ally of the congolemerate{s} which is itself legacy of the past regimes. Jokomi compounded their licence { suspect of falsifying the company export permits} and the AG was instructed to charge a senior Director of the export Ministry and several high profile individuals link to the congolemerate{s}. The companies have denied and filed their defence against the misused of the permits and failing to fulfill the then DMO quota. By filing their defence and not seeking a compound. Indirectly prolonging the saga. Bear in mind the companies are indirectly link in public listed Singapore which the Finance Minister {Sri Mulyani Indrawati} is a trusted ally of Jokowi question why the companies need to be listed elsewhere} In addition a Singapore based palm analyst claims Jokowi need to lift the ban in May { which is indirectly or effectively disputing Jokowi stand} After the G20 meeting { Jokowi is holding the chair} never touch on the issue. I suspect the ban may prolong longer than anticipated. Just my 2*rupiah worth

Buy what you know, buy what you have., buy within your means. Never overtrade, never borrow, always trade within your means. Not a sifu nor a stock guru. Just my own idea. Have a productive day and BPlant jadi Bank planting $$$

Singapore listed Indonesian planter First Resources posted a net profit of US$73.6 million for its first quarter ending Mar 31 22 jumping 738% up from the US$8.8 million it recorded a year earlier. Looks like a lot of plantation companies will report steering result & exceptional growth in profit. Keeping finger cross for BPlant coming qtr result announcement & dividend payment

LTAT target 5% dividend rate for 2022. LTAT largest core investment is in the Boustead group of listed companies. Ahmad Nizam {CEO} said LTAT main focus is to improved & stablished their Financial performance. The fund {LTAT} 50th anniversary falls on Aug 1

Ask why Bill Gates? { reason why he invested heavily in agricultural land banks in the past 2 years} news of him shorting Tesla shares are circulating in the US market. Everybody have thier own peculiar investing ideas