Crop report out! projected eps for 2021 4Q 10 sen and dividend 8 sen.

@john
MHC does not have a firm dividend policy but lately about 50% of eps..
MHC paid out 4cents in April for FY21 so possibly 6cents div

@john
going forward possible 6.25% yield in 3 months...thats more important for decision making than historical DY
BTW historical and going forward INNO is better

https://www.freemalaysiatoday.com/category/nation/2022/01/03/former-flying-car-minister-redzuan-named-boustead-chairman/

Flying harvesters next!!

PS 2Q results inflated by GST refund actual 'all in' costs per mt or ha is high

Getting the facts right

https://ourworldindata.org/palm-oil

https://gapki.id/en/news/18597/global-oil-palm-plantations-have-larger-acreage-than-other-vegetable-oil-plantations-myths-facts-2-02

https://ourworldindata.org/soy

Deforestation in Brazil for soybean and its environmental impact is much worse than oil palm in Malaysia and Indonesia combined

received dividend of 6 cents today on rm1.30 stk ,that is 4.6% yield for holding 1 month.Next quarter probably payable in March could be higher as 4Q CPO average is rm600-rm700 per mt higher than 3Q.
If held since Jan2021 would have received 4cent for FYE2020 and 16 cent for FY2021

@successor26
FYI
https://www.bangkokpost.com/thailand/general/1950792/andy-hall-hit-with-b300m-civil-suit

RESPECT! Only few would do.


calvintaneng Ok I checked the facts

Joerakmo is correct

PK or palm kernal is cheaper than Cpo

PKO or palm kernal oil is more expensive than Cpo

I stand corrected

So I will delete what I posted
16/12/2021 2:15 PM

Proves further your ignorance! Dont know difference between a NUT and the OIL.Is peanut and peanut oil same? or olive and olive oil same?

@calvin
FFS Now we know your level of ignorance.PK and PKO there is a basic fundamental difference(Rm5000 difference) You go sell soybean as soyoil lah.

WHAT!!?? 'SIFU' DONT KNOW DIFFERENCE BETWEEN PK=PALM KERNEL AND PKO=PALM KERNEL OIL....HAHA! MEANS HE ALSO DONT KNOW THE PRICE DIFFERENTIAL.
PLEASE LAH DONT EMBARRASS YOURSELF FURTHER,GO FIND OUT.

HAHA THPLNT GOT PKO MEH??? Dont even know their ASP go pluck PKO from air

@calvin Did you even read the 3Q2021 results

THPlnt Sold 44711mt CPO,11078mtPK and 17456mt FFB

at profit of Rm1000 per mt CPO (disregarding PK and FFB ) should not the porofit be at least Rm44.71M

Go find out what their ASP are and why their profit was only Rm26.8m
On a per hectare per month basis thats about Rm90...ninety ringgit only

Go check your own figures

Saved by the court and EPU else THPlnt would lose Rm90.4M and sell 6513ha (yielding 16mt per ha FFB in 2018) at Rm26.1K per hectare.
Nevertheless it still only earned Rm90.00 per hectare per month in 3Q2021

hmmm maybe parking lot better!!

@ stockraider The supplemental agreement is signed,Pray tell your source where it is rejected; as such material information IF ITS TRUE would need to be disclosed anyways.Else its just your spinning.
Dividends are paid from taxed earnings(retained profits) whereas some companies actually borrow to pay dividends if their cash flow is good.
Tipu earnings can pay dividends meh??
06/12/2021 9:55 PM

@ stockraider The supplemental agreement is signed,Pray tell your source where it is rejected; as such material information IF ITS TRUE would need to be disclosed anyways.Else its just your spinning.
Dividends are paid from taxed earnings(retained profits) whereas some companies actually borrow to pay dividends if their cash flow is good.
Tipu earnings can pay dividends meh??

Loans and borrowings Rm1.365B, dont detract explain the results.
In perspective Rm23.6m on 90k ha land means each hectare earned only Rm262 for 3 months. Whereas at current prices small holders earns Rm700 per ton FFB

@calvin

"Thplant PR Manager Mr Megat Rizal already stated that Next year Thplant might resume dividend payment again

He so happy

He said Thplant cost of production so cost effective that even Cpo at Rm2500 Thplant already making good money

At Rm5000 is simply too wonderful and amazing"

Kindly enlighten us on the 3Q result:
how with 45224mt CPO and 10732mt PK and with ASP of 'only Rm3478 for CPO and Rm2454 for PK" it achieved profit to shareholders of only Rm26.8m
Should not profit be at least Rm45m for the quarter?
What is the yield of FFB,CPO and PK on 90+k ha of plantation

@stockraider do you know exactly who 'the opposing side who own the rights of land rights mah'.Please check before u tembak.

Fraud??? where it favors the shareholders.....I like this management!
10% yield compounded over next 14 years! what not to like.

from annual report

Serijaya Industri Sdn. Bhd., the wholly-owned subsidiary of the Company, entered into the Agreement for Oil Palm

Plantation dated 18 November 2005 with Benta Wawasan Sdn. Bhd. (the licensee of the land) to develop a parcel of
land measuring approximately 22,763 hectares situated in the locality of Gunung Rara/Kalabakan, Sabah. Pursuant
to the agreement, Serijaya Industri Sdn. Bhd. is granted the permission to develop the said land into an oil palm

plantation for a period of 30 years. On 29 August 2013, the tenure for the permission to develop the said land into
oil palm plantation was extended to 60 years.
On 9 July 2018, both parties entered into a third supplementary agreement of the Agreement for Oil Palm

Plantation, whereby the subsidiary should pay rental of RM2,201,502 covering the period from year 2018 to year
2070, in an equal annual rent of RM41,538 and interest on the total outstanding rental sum at the rate of 8% per

annum on a reducing balance basis.

PS there is a REAL yield of 4.44% within 1 month.......

.... sorry no can tell

@plantbull.

as per calvin's method topglov yield of 23.76% is THE TRUTH.

You go do homework. next div 1.75cents ex div 8dec.You buy 75 cents end Oct onwards, and now 67 cents you just paid yourself the dividend and lost money.
You dont see the message! Who spew rubbish ??

Your money you likes lor

Huge difference between 'NOW GIVING' and "GAVE". eg Topglov...go buy lah 23.76% yield!!

Huge difference in 'NOW GIVING' and "GAVE"

johnzhang; forget textbook definitions,what is more relevant is how much dividend can I receive for each ringgit invested over what length of holding period starting T zero.Maximizing return vs FD,bonds etc, balanced against risk.Bear in mind if its a downward trending stock you are paying yourself the dividend.

@johnzhang The critical word is 'Now Giving' If we take TopGlov as an example for the Financial year they are 'giving' 23.76%.
Should use 'forthcoming' dividend and 'expected dividend to year end and its yield on current price.Then a proper financial decision can be made.

@calvin, Its quite evident you are promoting stocks that you are in.However you are hard selling it and providing misleading info(ie BPlant div yield) and totally discrediting everything that you have done promoting CPO.
As an aside: If a plantation(oil palm) cannot make good money at these current prices how long do you wait.Would you wait on 1500ha teak than maximize the 90k ha oil palm..ABSOLUTELY LUDICROUS

would u convert oil palm to musang king at this moment??

why continue allocate capital to inefficient company? Utdplt,Taann,Sop, Ijmplt all 3q profit above Rm100m when their hectarage is smaller.THPlt only made Rm26.8m on 90k ha when Inno made Rm24.2m on 12k ha

Landbank 43576ha,planted 34226ha.
If planted valued at Rm45k per ha(like Ijmplt) would imply price of Rm5.50 per share.Current price also below IPO price Rm2.80
Afraid Taann and 'white hair' want to 'steal' Swkplt cheap now that it has turned the corner and FYE21 eps more than 50cts

what price 'growth' when there is destruction of value eg FGV

Upstream??? arent they all upstream,trees,ffb,cpo,pk....

calvin; stop flogging these tired horses,time to switch horses whose numbers are better.

wow eps of 5.05 cents and dividend of 6 cents
Total 9mth eps of 11.24 and total div for 21 of 16 cents.
Calendar year wise yield on current price is 11.76%
Oct to Dec quarter would be even better.

Management is key!!
There are other low hanging fruits in the sector and easier pickings

9mth eps 34.15sen , FYE21 would be more than 50sen.With state election coming hopefully final plus special div of 20sen or more

Indon planters 3Q21 earnings greater or equal 1st half 21 because of levy
Msian planters 3Q21 should be better than 2Q21.
So good or bad result is relative...u decide
Management more important than size

MPOB average for 10 months 2021 is 4236 yet those analysts maintain ave for 2021 is 3200. 4236x10=42360; 3200x12=38400 go figure??
If kiasu sell futures all the way to December 2022 also > 4000
The 3% tax is imposed once the threshold is crossed but easily recoup with good selling price
What matters most is the company selling price,relatively clean balance sheet,which then can mean better dividends.

It is not size that matters,It is management,productivity and efficiency that counts.

IF FYE21 PE is below 10x and dividend policy is 80% ;What is the dividend yield? Do the math,Its going to be good.

Australia being a major iron ore producer has only 2 major integrated steel producers yet import steel (fabricated products)(ggogle)...Why...margins are thin and highly cyclical...so malaysia????

Should stop posting under KYY thread and instead start "why CPO will remain resilient"

where is the consistency? Demand high ,supply low steel go UP, CPO go down?Malaysia is not a major producer of iron ore and there is input costs .All metals are up so is the ore.Malaysia needs to earn export income and CPO is one of them ...more than steel products.

calvin, your above calculation for thplant is seriously flawed.Dont bring people Holland.! Go work out 2nd quarter profit per ton cpo.
Rising tide lift all boats but some boats are leaky!!!

@calvintaneng,
Thplant cost of production for Cpo only Rm1,465 per ton

That means that the profit is Rm2925 per ton or
201%

Which industry is so profitable now like palm oil giving a 201% profit?

Only palm oil

And Fcpo now has even gone above Rm4500 which means if price can sustain the Feb 2022 result will be even more fantastic

@johnzhang

Look at their average selling prices, work out their profit per ton CPO and per hectare matured then you get clearer picture .

@johnzhang
For inno, I think the $0.10 special dividend is due to the disposal of 11% stake in Hap Seng plantantion which I think is one off. Nevertheless, inno consistently pay good dividend too.

Different entities Inno corp and Inno plt

@ johnzhang Bplant and THplant both have huge borrowings,Bplant sold at reasonable prices (latest qtr) but not THplant.Low or zero borrowings means can afford pay dividend.
baby elephant is INNO ,highest non glove dividend yield stock.Paid 10 cents for 1st half.

Swkplt just reported their Sept production.FFB for 3q more than 2q by 12000mt.
EPS for 3q can possibly be between 14-16 cent giving 9 mth eps of 34 cents and full yr eps of 50 cents.

How many pints of blood also no use if the bleeding is not stopped.Its the bloated gov and its excesses that has to addressed first,