is not defer tax liabilities, but actual tax paid for the period

Q1 FY23 tax at 2.608mil
Q1 FY24 tax at 3.790Mil
Additional tax of 1.19 Mil for Q1 FY24

PBT is about the same at 11.3Mil compare to last year same period of 11.6Mil.
allocate additional 1.19 Mil for tax. This mean co is expecting better earning for the year.
Read qtrly report carefully and you will find good hints in there

Looks like ESG is putting lot of weights on plantation stocks.

Obviously, US is playing on force labour issue to justify for their high premium price delta between soy oil and palm oil as we never see this force labour issues being so dramatize in the pass until lately; just like glove sector.

Sadly, many institutions and fund managers; including our local institutions are also singing along with this but neglecting the fact that:
1. Palm oil is the most efficient vegetable oil per hectare in the world. (8 times more efficient than soy oil, the major competitor for palm oil)
2. The recent published "Palm Oil - Global Market Trajectory & Analytics" report has indicated that palm oil market will be growing at 5% CAGR from 2020 to 2026.
3. Palm oil is most widely used vegetable oil ranging from all range of product in supermarkets due to its temperature stability.
4. Land used (allowed) for palm trees is plateauing with Malaysia limits at around 5.8 million Hectare and Indonesia at around 15 million hectare.
5. Climate change is not going away and there will continue to have volatile weather like extreme hot and dry weathers recently in Latin America and now in most of corn belt region in USA. These will seriously affecting the yield of soybeans and other vegetable oil such as corn and rapeseed as they are more sensitive to weather changes but not so for palm trees.

So, CPO price will continue to be at elevated level in the coming years as demand is growing and supply will be limited due to caps put up by both Malaysia and Indonesia governments on lands to be used for palm oil. As long as CPO price are at RM2200 and above, well managed plantations companies will be making profit.

Investing in plantation stocks needs a long term view that you just want to have better returns than your FD interest rate and relative stable capital fluctuations. So, good and consistent dividend yield shall be primary consideration and capital gain shall be secondary. At current price level, there are numbers of plantation stocks that gave you 7% to 9% dividend if you have bought it 10 months ago.

With this mindset, you will be able to slept at ease when you put your money in plantation stocks. :)

Happy investing and have nice weekend.

Looks like ESG is putting lot of weights on plantation stocks.

Obviously, US is playing on force labour issue to justify for their high premium price delta between soy oil and palm oil as we never see this force labour issues being so dramatize in the pass until lately; just like glove sector.

Sadly, many institutions and fund managers; including our local institutions are also singing along with this but neglecting the fact that:
1. Palm oil is the most efficient vegetable oil per hectare in the world. (8 times more efficient than soy oil, the major competitor for palm oil)
2. The recent published "Palm Oil - Global Market Trajectory & Analytics" report has indicated that palm oil market will be growing at 5% CAGR from 2020 to 2026.
3. Palm oil is most widely used vegetable oil ranging from all range of product in supermarkets due to its temperature stability.
4. Land used (allowed) for palm trees is plateauing with Malaysia limits at around 5.8 million Hectare and Indonesia at around 15 million hectare.
5. Climate change is not going away and there will continue to have volatile weather like extreme hot and dry weathers recently in Latin America and now in most of corn belt region in USA. These will seriously affecting the yield of soybeans and other vegetable oil such as corn and rapeseed as they are more sensitive to weather changes but not so for palm trees.

So, CPO price will continue to be at elevated level in the coming years as demand is growing and supply will be limited due to caps put up by both Malaysia and Indonesia governments on lands to be used for palm oil. As long as CPO price are at RM2200 and above, well managed plantations companies will be making profit.

Investing in plantation stocks needs a long term view that you just want to have better returns than your FD interest rate and relative stable capital fluctuations. So, good and consistent dividend yield shall be primary consideration and capital gain shall be secondary. At current price level, there are numbers of plantation stocks that gave you 7% to 9% dividend if you have bought it 10 months ago.

With this mindset, you will be able to slept at ease when you put your money in plantation stocks. :)

Happy investing and have nice weekend.

Looks like ESG is putting lot of weights on plantation stocks.

Obviously, US is playing on force labour issue to justify for their high premium price delta between soy oil and palm oil as we never see this force labour issues being so dramatize in the pass until lately; just like glove sector.

Sadly, many institutions and fund managers; including our local institutions are also singing along with this but neglecting the fact that:
1. Palm oil is the most efficient vegetable oil per hectare in the world. (8 times more efficient than soy oil, the major competitor for palm oil)
2. The recent published "Palm Oil - Global Market Trajectory & Analytics" report has indicated that palm oil market will be growing at 5% CAGR from 2020 to 2026.
3. Palm oil is most widely used vegetable oil ranging from all range of product in supermarkets due to its temperature stability.
4. Land used (allowed) for palm trees is plateauing with Malaysia limits at around 5.8 million Hectare and Indonesia at around 15 million hectare.
5. Climate change is not going away and there will continue to have volatile weather like extreme hot and dry weathers recently in Latin America and now in most of corn belt region in USA. These will seriously affecting the yield of soybeans and other vegetable oil such as corn and rapeseed as they are more sensitive to weather changes but not so for palm trees.

So, CPO price will continue to be at elevated level in the coming years as demand is growing and supply will be limited due to caps put up by both Malaysia and Indonesia governments on lands to be used for palm oil. As long as CPO price are at RM2200 and above, well managed plantations companies will be making profit.

Investing in plantation stocks needs a long term view that you just want to have better returns than your FD interest rate and relative stable capital fluctuations. So, good and consistent dividend yield shall be primary consideration and capital gain shall be secondary. At current price level, there are numbers of plantation stocks that gave you 7% to 9% dividend if you have bought it 10 months ago.

With this mindset, you will be able to slept at ease when you put your money in plantation stocks. :)

Happy investing and have nice weekend.

In their 2019 annual report, the co. stated that:

The Group has also secured and is in
the process of implementing a project involving unmanned aerial vehicle or commonly known as drone for the oil palm industry. Drones
with hyperspectral, multispectral, thermal and even high-resolution cameras can help to monitor the water, fertilizer, insecticides and
herbicides needs of a plantation closely. It can also be used to gather data, automate redundant processes and improve efficiency of
the plantation. The Group will explore for opportunities in this vast market in both Malaysia and Indonesia.

Let's hope this come to fruition. This will be part of AI that compliments Industrial 4.0 for plantation industry.

trader 808, sorry i miss your post. could you please re-post it again? thanks.

@ Tang Khang Seng, just re-go thru my record. made numbers of mistake in compiling production record. :(
thanks for high lighting.

Hi Opportunate, thank you for point it out. yes, you are correct that they have 10 mills as per their 2019 AR. But just wonder why are they only reporting monthly FFB and not CPO as like other plantation stocks? will you be able to share any reasons for this? thanks.

BPLANT has no oil mills. they only produce FFB. Nevertheless, their Q3 FFB production increase by 19% as compare to Q2 output. with the increase of FFB / CPO price, results is expected to be....

wonder who keeps buying OSK portion.

Text below is from its 2019 AR. looks like the group is working on remote gaming and hope this will start soon.

In view of the requirement for social distancing measure in
the respective countries,In view of the requirement for social distancing measure in
the respective countries, the Group is exploring the
possibility of remote gaming solution as an alternative for
land-based gaming operators. We are also distributing
social distancing products such as machine partition and
cashless payment solution for gaming outlets. We are also distributing
social distancing products such as machine partition and
cashless payment solution for gaming outlets.

fighting to survive at 0.165, how to go up to 0.2? hahaha

Hahaha, tomorrow back to 14 cents, then all go Holland

No power