>>EMPHASIS OF MATTER We draw your attention to Note 42 to the financial statements where various significant and material misstatements have been adjusted retrospectively in the 2018 financial statements. These errors have affected the financial position, results and the relevant disclosures of the prior years. Our opinion is not modified with respect to this matter.
note : Depreciation n amortisation is ( 20,836,000)
#Refer to FY20 QR1 ended March 2020 :
Revenue Profit/ ( Loss)
Plantations 57,120,000 ( 6,502,000)
Healthcare 61,915,000 3,008,000
#FY19 QR4 ended December 2019 :
Revenue Profit/ ( Loss)
Plantations 58,754,000 5,426,000
Healthcare 65,101,000 5,770,000
Note : Profit is reduced and become in Loss , and a lots of court cases , one court case is instructed to deposit RM 1.0 million as to winding up case.
>> note : Depreciation n amortisation is ( 20,836,000), Hospitals equipments n facilities is too Old .. sudden Huge amortisation although each years had done the amortisation .
@Mikecyc Haha Why Plantations selling Plantation is a new normal nowadays ? Due to Huge Debt ..
1.) TDM intended to sell Indonesia Plantation for cash RM 200 million but failed.
2.) THplant is facing below issues on selling 2 subsidiaries owning 6,514 ha of land for RM170 million ...
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Really?
How come Mabel Plantation Kuala Lumpur Kepong is Buying 90% Stake in Indonesia Oil Palm Company?
Yesterday KLK was one of the biggest gainer. KL Kepong is my 2nd Plantation Biggest Contributors. KLK is one of Miss Mabel Blue Chip Plantation with stellar performance with 40 Consecutive Profits. The latest quarter produced 1,222 % Growth from previous quarter. Yesterday it closed RM 22.70 per share. Target Price is RM 23.
Most Major shareholders took the opportunity to raise their stakes e.g TSH and SOP added meaningful equity stakes since early 2019.
TH Plantation 1Q20 already Turned in a positive core performance.
There are several risk factors any earnings estimates, price target, and rating for Plantations
Key risks to the palm oil sector are:
(i) weather anomalies resulting in poorer-than-expected output growth; (ii) lower than-expected CPO price achieved; (iii) negative policies imposed by import countries; (iv) unfriendly policies imposed by the Malaysian and Indonesian government on upstream or downstream segments; (v) sharply lower crude oil prices which makes palm biodiesel demand not viable; and (vi) weaker competing oil prices (like soybean and rapeseed).
Don't try Confuse people ConMouse with your Cut and Paste Old Stories..
There are several risks factors on any Plantation earnings estimates, price target and rating. Key risks to the palm oil sector are:
(i) weather anomalies resulting in poorer-than-expected output growth -*Let's hope for a good weather the next coming 3 months*.
(ii) lower than-expected CPO price achieved – *On Target and currently CPO is Up trending*
(iii) negative policies imposed by import countries – *Positive*. The exemption of CPO export duty by the government of Malaysia till Dec 2020 will be positive for CPO exports (especially to India) and will help support CPO price which is expected to be under pressure in 3Q20 due to the anticipated stockpile build-up amid seasonal production recovery
(iv) unfriendly policies imposed by the Malaysian and Indonesian government on upstream or downstream segments – *Already factored on India’s move to restrict the importation of refined palm oil*. This will result in quicker build-up of MPOB stockpile when output recovers from 2Q20, and cap CPO price upside
(v) sharply lower crude oil prices which makes palm biodiesel demand not viable – *Brent has already breached USD 40*
(vi) weaker competing oil prices (like soybean and rapeseed- *On Target*. Alternative Oil Prices is on the rise which make Palm Oil very attractive.
THERE has been a notable increase in private placement activities on Bursa Malaysia lately, as companies take advantage of ample liquidity in the market to raise cash by selling shares to pre-identified investors.
Given its faster execution process compared with other fundraising methods, it is not surprising that private placement is the method of choice.
Of the 79 private placements announced between Jan 1 and Sept 3 this year, 57 or 72.15% were announced from May onwards — when it was clear that the pandemic and the resulting Movement Control Order would cause business disruptions.
Private placement is good among troubled companies as these are loss-making, small-cap companies that may need cash fast. They may lack the track record to get adequate borrowings, so this is a good avenue for such purposes..
My P1 Battleship Serba Dinamik did it recently. Well done TDM!
The Palm Oil, whose scientific name is Elaeis guineensis Jacq, originates from West Africa. It were first brought into this country by the British in the 1870’s as an ornamental plant in their gardens. However, other countries were already familiar it and its uses. Among the earliest evidences of its usage were • Traces of my ancestors found in burial urns aged 5000 years in Abydos, Egypt • The barter of palm oil for salt centuries ago • A lubricant for engines and in the manufacture of candles, soap and margarine in Europe during the 19 th century.
Palm Oil started to make Malaysia its home on a large scale in the 1960’s. This started when the Malaysian Government introduced a land cultivation scheme for the purpose of planting oil palm trees.The purpose of this scheme was to eradicate poverty and raise the standard of living for the rural population. Today, palm oil grows and flourish in palm oil plantations which can be found throughout the country, from Perlis to Sabah.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
46,670 posts
Posted by Mikecyc > 2020-09-30 05:41 | Report Abuse
TDM , let’s see the latest 5 years results:
FY15 : revenue = 381 million , profit = 74.3 million
FY16 : revenue = 429 million , profit = 21.5 million
FY17 : revenue = 449 million , profit = 22.7 million
FY18 : revenue = 405 million , Loss = - 76.4 million
FY19 : revenue = 432 million , Loss = -79.6 million
@>> FY20 Q1 ended March : revenue = 107 million, Loss = -8.28 million
compared to FY19 Q1: revenue = 104.7 million , Loss = -4.91 million
@>>> FY20 Q2 ended June : revenue = 83.938 million, Loss = -18.413 million .
Compared FY19 Q2 : revenue = 99.521 million, Loss = -369,000 .
## Referred to FY19 audited annual report:
Independent Auditors remarks :
>>EMPHASIS OF MATTER
We draw your attention to Note 42 to the financial statements where various significant and material misstatements have been adjusted
retrospectively in the 2018 financial statements. These errors have affected the financial position, results and the relevant disclosures of the prior
years. Our opinion is not modified with respect to this matter.