http://www.themalaysianinsider.com/business/article/indonesia-to-hike-subsidised-fuel-price-to-cut-budget-deficit

hmm .. defensive move
http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/307593-lay-hong-mulls-cash-call.html

http://www.bloomberg.com/news/2014-09-15/palm-oil-seen-dropping-as-mistry-has-buy-call-on-planter-stocks.html

1. Market values MKH at RM1.5 bil similar to Matrix Concept. But the latter does not have plantation ..
2. IOI bought Unico for RM1 bil for similar hectarage. MKH's property undervalued at RM500 mil.
3. At RM5.70, MKH is valued at RM2.4 bil. Is this value reasonable?
4. Public bank holds 10% interest .. solid support.

Affordable housing is necessity. Edible palm oil is also necessity.

The volume of open positions in Malaysian palm oil futures jumped to a record high this week, suggesting the market may be bottoming out after falling to its lowest price in more than five years.
http://www.themalaysianinsider.com/business/article/open-interest-on-palm-oil-futures-soars-as-industry-specs-bet

MKH intensifies launches .. good pipeline of projects.

SAVILLE@D'LAKE, PUCHONG .. GDV RM200 million.
http://mkhberhad.com/our_businesses/integrated_saville_dlake.aspx

Fenced up .. MKH World with GDV RM800 million.
http://mkhberhad.com/our_businesses/integrated_mkh_world.aspx

MKH Avenue .. GDV RM300 mil .. strategic location .. should be good
http://mkhberhad.com/our_businesses/commercial_mkh_avenue.aspx#tab1
http://mkhberhad.com/our_businesses/commercial_mkh_avenue2.aspx

印尼总统反对外资持股限制 大马种植业者压力减
http://www.nanyang.com/node/647791?tid=462

Now is time to bargain hunt plantation land.

Johann5354 .. thanks for sharing.

Forex exposure can be managed .. suspect MKH managed to increase its USD assets in the balance sheet because the forex loss was not as thought it should be.

lcng123 .. good try. That is 26 sen EPS for FY2014 .. isn't that a decent profit.

Reality checks.
1. Even if CPO price drops to RM1,600 .. plantation will still make profit with growth in FFB production.
2. Property unbilled sales at record high .. visible property profits.
3. Property investment income at least RM12 million a year .. is increasing.
4. NTA per share is RM2.40.

Johari .. the IB for the covered warrants will do the opposite on price upside.

FFB volume full year close to 300 mt .. FFB yield around 20 mt/ha.
Very impressive for average age of the palms of 4.8 years.

Senior Chen bought shares yesterday.
See a chance that the company is building up war chest.
Plantation all matured and upgrading of CPO mill completed .. low capex.
Property .. not really using own money to built.
Low cycle of CPO price provides M&A opportunities.

Wish could have more bullets now ..
What's wrong with the company? Generated higher cash flow .. higher unbilled property sales .. CPO price down but it is not 'out'.

Yealah nvm this quarter. Yes bing .. still a good company with strong orders in the property. Plantation despite FX losses still made profit. EPS this year may be close to 30sen .. next year could reach 40 to 50 sen.

lcng123 .. most of the RM300 million debts are in USD so the USD/IDR movement matters more. Not sure the portion of its plantation revenue and assets are in USD .. which will mitigate.

if have time .. http://www.thestar.com.my/News/Nation/2014/08/25/Era-of-a-horizontal-leadership-Presidentelect-Joko-Widodo-talks-of-the-new-democracy-in-Indonesia/

lcng123 .. June-end not higher than December-end.
http://www.xe.com/currencycharts/?from=USD&to=IDR&view=1Y

Kevin Wong/wenyiwu1971 .. ya perhaps should talk more on the fundamental here. FX sometimes distorts and distracts our views from the underlying of the operations.

lcng123 .. not that huge not bigger than it was reported in the quarter ended 31.12.2013.

The dampening factor is the low CPO price. But it is cyclical.
1. You have had election over for the high population countries India and Indonesia .. things are looking up.
2. US economy is talking about increasing its interest rate .. things should be picking up.
3. China has been supportive of oil palm industry.

IOI reported higher profit with huge FX gain .. yet its share price drops.
MKH reports lower profit with huge FX loss .. share price up or down?
Guess investors look at fundamental in the case of IOI ..

http://online.wsj.com/articles/indonesias-political-leap-forward-1408639732?mod=rss_Opinion?mod=hp_opinion

QL recorded 12% increase in sales and 12% increase in profit in the traditionally weakest 1st quarter. Hopeful for coming quarters as QL never fails to deliver ..

Impressive Boilermech's latest q results! Expect the same from Layhong ..

Worst case .. MKH 'retires' from plantation after realising huge profits of more than RM500 mil. Shareholders walk away with at least RM1.00 special dividend. Indonesia suffers from long term deterioration of capital income resulting from weaker IDR, higher cost of borrowing and lower FDI.

Issued Capital (m shrs) 419
Mkt. Cap (RMm/US$m) 1,682 / 528
Major Shareholders:
Chen Choy & Sons Realty (%) 43.1
Public Bank Grp Off Fund (%) 9.8
Free Float (%) 47.1
Avg. Daily Vol.(‘000) 572

CK, typically MKH rewards shareholders with dividends and bonus issues. MKH could pay more dividend as its plantation is now capable of generating positive cash flow.

Feel great to see what your company is doing ..

Since 2012 QL has demonstrated significant progress in reducing carbon emissions in the Palm Oil Activities sector. Bydeveloping a biogas methane capture plant at our Tawau palm oil mill, QL now treats biogas effluent that would otherwise pollute the atmosphere. Since its commencement, the plant has reduced in excess of 20 million cubic metres of biogas emissions, or the equivalent of 12 million cubic metres of methane gas. During the year in review alone the plant reduced methane gas emissions by 5.4 million cubic metres, equivalent to 77,000MT of CO2 emissions.

Further gains are achieved by converting the treated methane gas into electricity. QL has generated and displaced 5,100MWh of power from the grid, which reduces another 3,000MT of CO2 by-product emissions. In FY2014 the project reduced CO2 emissions by 80,000MT, the equivalent of supplying green energy to 11,000 homes for a year*. In the coming financial year we expect to increase contributions to the group's bottom line through greater use of renewable
energy.

Timely increase in investment in associate ..
Boilermech Holdings Berhad* 40.71%(2014) 37.99% (2013)
Lay Hong Berhad* 26.40% (2014) 23.86% (2013)

Palm weak on worries over record US soybean supply – Reuters, August 13, 2014.
This is certainly a piece of good news.

The company spent RM376 mil capital expenditure for the last two years .. that amount was higher than its share capital. This will contribute to a significant growth top line.
If not enough, another RM300 mil capex is in pipeline .. Happy Investing!

Tanleechoo .. Yes I'm vested through my kids. I see a day that QL could rival Nestle.

八打灵再也9日讯）全利资源有限公司董事经理谢松坤博士说，红海与蓝海之间存在着广阔的紫海让传统企业遨游。他也认为企业先做强后再做大才是成功之道。

他说：“只要懂得创新及经营，紫海领域的发展空间还是很广阔的。

“鸡蛋及鱼丸被视为传统行业，而传统行业的生存之道就是力争上游浮出红海。”

谢松坤的经商之道有三部曲，即从无到有、从小到大及从A到A+（从优秀到卓越）。

“信誉就是你无形的资本。尽管我岳母刚去世，但我仍坚持到场主讲，因为这是信誉问题，答应了就必须做到。”

从优秀到卓越须备3点

谢松坤认为，企业从优秀到卓越必须具备3点，即创造共享价值、塑造对的企业文化及一步一脚印不会慢。

“企业必须稳中带劲、劲中求稳，并有足够的危机意识、风险管理及核心价值。”

他提醒，企业财务结构有如建筑物的地基和建筑结构，丝毫不可马虎，是否顶着住7级地震，结构起着关键性的作用。

他给予与会者6个“肯定”，即大马有商机、紫海有前途、强大有先后、共赢有可能、对的文化有禆益、稳健经营有持续力。

全利资源市值达40亿

全利资源有限公司是由谢松坤及家人于1987年创办。最初经营壳粉及鱼粉贩售，慢慢扩大到渔业产品加工，后期涉足畜牧家禽业及棕油业。同时也是亚洲最大的鱼浆生产商，领先国内的鸡蛋生产商。

全利资源集团与2000年在马上市，如今已是我国上市市值百强，该公司今年的市值达到40亿令吉。

该公司也在2010年成为《TheEdge》十亿令吉俱乐部成员，同时晋《The Edge》十亿令吉俱乐部大马十大企业荣誉榜，并于2011年荣获《The Edge》颁授声誉至高的十亿令吉俱乐部年度最佳企业奖。

aaj9393 What is MKH-CA ?
It is call warrants issued by CIMB. May go to see the term sheet of this instrument in the Bursa's announcement.
Investment house usually likes to tag a company which has 'a story to tell' with this type of instrument.
Happy investing!

Didn't know this. Interesting but when soyabean harvesting is bountiful, it will dampen CPO prices.

... QL may benefit from the El Nino weather phenomena in FY2015.
As the temperature of the Pacific rises, extended rainfall is
forecast to hit North America, resulting in a cooler US summer
and weak hurricane season, which may cap rallies in corn and
soyabean meal prices worldwide. Conversely, the effects of El
Nino are expected to adversely affect fish catches in South
America, in turn raising worldwide prices of fishmeal. The dryer
local climate is also expected to increase palm oil prices.

It seems that the palm oil segment in QL has been overshadowed by its 40% owned Boilermech Holdings Berhad ... be it in term of profit and prospects.

... QL has developed proprietary technology that converts
palm waste biomass into a high quality burning fuel,
and manufactures industrial boiler systems which
convert biomass fuel into energy, minimising carbon
emissions and improving energy cost efficiencies. To
complement clean energy manufacturing, QL operates a
clean energy consultancy that provides end-to-end
solutions and advice on customised biomass energy
solutions.

From the Group MD:

... As we strengthen and expand, we are exposed to a larger
market with enhanced growth opportunities. We have a lot of
work ahead of us, but when I write again in 12 months’ time –
barring unforeseen circumstances – I am confident that I will be
reporting another year of double digit growth.

It is great to see what your company has been doing ..
http://www.qlkitchen.com/

Can anyone tell how significance it is to the sales and profit of QL?

... Over the first nine months of operation in FY2014, we supplied 14,000GCal (equivalent to 1,460MT of fuel oil) in biomass energy for fuel oil replacement. We target to supply 35,000GCal/year in FY2015, rising to 80,000GCal/year in FY2016. The venture is amongst the first of its kind in Malaysia.

Like this statement:

.. on balance the FY2015 outlook is optimistic. We enter FY2015 with confidence and ready
to write a new chapter in our story of uninterrupted growth.

Happy investing!

Up north, QL Foods is expanding ..
http://www.qlfoods.com/index.php

In January 2014, QL Foods Sdn. Bhd. had entered into a Sale and Purchase
Agreement with Tan Tai Hua to purchase parcel of lands held under title nos. GM
2114, Lot 9122; GM 3285, Lot 109; GM 3287, Lot 110; GM 3288, Lot 111 and GM
3397, Lot 112 all in Mukim of Hutan Melintang, District of Hilir Perak, State of Perak
for total consideration of RM7,642,166.00.

HALAL FROZEN FOOD PRODUCTS is expanding ..
http://www.figofoods.com.my/index.html

In June 2014, QL Figo Foods Sdn. Bhd. had entered into a Sale and Purchase
Agreement with Beyonics Technology (Senai) Sdn. Bhd. to purchase a parcel of land
held under GRN238020, Lot 3627, Mukim of Kulai, District of Kulai Jaya, Johor
together with two-storey detached office building, eight blocks of single-storey
detached factory buildings and other supporting structures erected thereon and
measuring approximately 5.5948 hectares for a total consideration of RM24,650,000.

Hi invmudah, .. that will increase the free float of the shares. The directors also bought shares. The disposal of direct interest by young Chen may be viewed as an 'isolated' case, after all he has only a million or slightly more shares. Should keep an eye out on the shareholdings held by the elders Chen.

Market capitalisation:
Matrix Concept - RM1.4 billion (pure property)
MKH - RM1.8 billion
So MKH's plantation is only undervalued at RM400 million for 15,900 ha?

PE times:
MKH is currently valued at 9 times FY2015 profit ... means will provide investors with annual earnings of one-9th, or 11% return.

Happy investing!