The IPO proceeds will be used for expansion and/or loans reduction, Either way it is to be earning positive. Currently the plantation's loans may cost RM 25 million interest expense annually. Already on the way for more upstream and downstream expansions.

When central bankers do easing, normally it is good to commodities prices!
http://jakartaglobe.beritasatu.com/business/brexit-mess-boosts-prospects-asia-central-bank-easings/

http://www.bloomberg.com/news/articles/2016-07-04/palm-oil-stockpiles-in-malaysia-seen-climbing-as-demand-weakens

No more new land from cutting down trees!
http://jakartaglobe.beritasatu.com/business/palm-oil-firms-ditch-no-deforestation-pact-indonesia/
http://jakartaglobe.beritasatu.com/corporate-news/palm-oil-still-gold-standard-minamas/

http://www.theedgemarkets.com/my/article/la-nina-weather-should-boost-2017-palm-oil-yields-support-prices

There is buy for big quantity but no seller. Bargain buys!

Post Brexit, funds now are chasing for yields.
USDIDR: 13,141.00 IDR -47.00 -0.36% As of 2:57 AM EDT 6/29/2016

A measured leverage by borrowing is good. When IDR strengthens, the assets value is increasing while the liability is dropping. USDIDR 13,160.00 IDR -28.00 -0.21% As of 9:30 PM EDT 6/28/2016

http://jakartaglobe.beritasatu.com/business/tax-amnesty-bill-made-law-tuesdays-house-plenary-session/

Your Indonesia's assets have been growing so as the earnings.
USD/IDR: 13,267.00 IDR -84.00 -0.63% As of 10:40 PM EDT 6/27/2016

IDR against USD is resilient. 13,336.00 IDR -55.00 -0.41% As of 2:17 AM EDT 6/27/2016

Thanks

http://jakartaglobe.beritasatu.com/business/french-parliament-scraps-planned-extra-tax-palm-oil/

http://eresearch.bursamalaysia.com/download.aspx?id=18597&type=research

Property sales improved in 2QFY16. After typically slow 1QFY16, property new sales increased to RM222m in 2QFY16, taking 1HFY16 sales to RM305m (+3% y-o-y). This is quite a commendable performance in view of the soft market sentiment. Unbilled sales remains healthy at RM828m which will underpin earnings visibility over the next two years.

Not many Malaysian plantation companies are achieving this level.
"MKH had initially forecast an FFB yield per hectare of 29 tonnes for FY16, but the group has since set a higher internal target of 35 tonnes."

They have been doing the right things!
http://jakartaglobe.beritasatu.com/business/indonesian-central-bank-lowers-benchmark-rate-chance-boost-growth-emerges/
http://jakartaglobe.beritasatu.com/business/bank-indonesia-lowers-payment-requirement-home-purchase/

It makes lots of sense!
http://jakartaglobe.beritasatu.com/news/indonesias-future-sea-maritime-development-crucial-jokowi/

http://www.thestar.com.my/business/business-news/2016/06/15/indonesia-central-bank-seen-holding-rates-despite-dovish-tone/

Weighing on switching further from Matrix Concept to MKH in view of better and sustainable assets in the latter.

See the ending stock of palm oil in Indonesia!
http://gapki.id/wp-content/uploads/2016/06/Ina-Palm-Oil-Statistics-Data.jpg

http://www.bloomberg.com/news/articles/2016-06-13/indonesia-central-bank-gains-credibility-decades-after-crisis

http://www.thestar.com.my/business/business-news/2016/06/14/cpo-prices-likely-to-get-a-boost/

Upon completion of the acquisition, MKH to recognise a bargain gain of about RM2.5 million.

Land in Sabah is sold for about RM70k per ha. MKH gets it for RM30k. Sabah land is not more fertile than in Kalimantan. Note that the Land has been cleared and is 79% planted with oil palm trees together with staff quarters, stores and security posts.

Add 2445 ha of palm land. The rationale is in line with the Group’s strategy to expand its existing oil palm plantation for potential future public listing purposes;
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5121105

http://www.bloomberg.com/news/articles/2016-06-10/fidelity-sees-indonesia-buying-opportunity-as-s-p-keeps-at-junk

Today USD strengthens across the board ... but the IDR has been resilient.

http://www.bloomberg.com/gadfly/articles/2016-06-08/airasia-s-the-real-target-of-region-s-latest-aviation-alliance

Learn from him the branding as well as the costs control. Low cost always wins.
http://www.bloomberg.com/gadfly/articles/2016-06-08/airasia-s-the-real-target-of-region-s-latest-aviation-alliance

Haha doing homework niah ... believe no free lunch!
oohlala ... this gem may be hidden now but at least you know money is in good assets.

Now PanaHome is in Indonesia. Can't ignore a country with 258 million population.
Same applies to MKH, a natural move to expand in Indonesia.
http://news.panasonic.com/global/topics/2016/45157.html

13,266.00 IDR Down 0.78% As of 12:37 AM EDT 6/7/2016

Commodities entered a bull market on Monday, ending a five-year rout, as supply constraints drive up prices in everything from soybeans to zinc, and help the asset class outperform bonds, currencies and equities so far in 2016. The Bloomberg Commodity Index, which tracks returns from 22 raw materials, closed 21 percent above its low on Jan. 20, meeting the common definition of a bull market. The index is still down about 50 percent from its high reached in 2011.
http://www.bloomberg.com/news/articles/2016-06-06/commodities-enter-bull-market-ending-five-year-selloff-chart

http://www.bloomberg.com/news/articles/2016-06-06/palm-reserves-in-malaysia-seen-slipping-to-2-year-low-on-ramadan

Do not see this here!
http://www.bloomberg.com/news/articles/2016-06-05/s-p-scorned-by-investors-for-keeping-asia-s-best-debt-at-junk

http://www.bloomberg.com/news/articles/2016-06-01/brazil-soybean-producer-files-for-bankruptcy-as-debt-talks-fail

http://www.bloomberg.com/news/articles/2016-05-31/can-food-labels-kill-added-sugar

http://jakartaglobe.beritasatu.com/business/indonesias-foreign-tourist-arrivals-rise-14-april/

http://jakartaglobe.beritasatu.com/business/world-banks-approves-400m-loan-indonesia-fiscal-policy-reform/

Buy one plantation asset free one property asset!

Chen said the plantation asset is worth RM1.1 billion ... that is about the market capitalisation of MKH right now ... not counting the property assets.

Go Away "Sell in May"!

The poll by the Japan Bank for International Cooperation found that about 56 percent of the companies want to expand investment in the five key nations of Singapore, Thailand, Indonesia, Malaysia and the Philippines.
http://www.bloomberg.com/news/articles/2016-05-30/southeast-asia-is-winning-more-japanese-investment-than-china

Chen is right to consider Indonesia for its expansion plans!
http://www.bloomberg.com/news/articles/2016-05-26/indonesia-sailing-toward-upgrade-as-last-major-asian-junk-debt

Excluding the unrealised FX gain of RM27 mil, the 1H profits are still very good with EPS of 21 sen.

Hi BursaNinja, it is publicly available information. You may see it from the annual report, announcements and bursa website.

dave5 kopitiam talking and sharing niah. Public bank's 10% stake in this company has provided lots of comfort. Kudos to Tan Sri Teh for insightful investment.

The company foresees better results ahead! Yes indeed.

Property earnings are visible for the remaining FY16 and FY17. Exciting moments to come from partnership with Panasonic Home.

Plantation enters growth phase. Higher prices, more maturing prime-aged areas and low capital expenditure will set to generate positive cash flows. Like to see the company to leverage with spin off and expansion.

Considering the weak property market now, it is very encouraging to see the property unbilled sales still high at RM828 mil at 31.3.2016 (RM827 mil at 31.12.2015). Kudos to the management team!