Posted by mokluhanj21 > 2022-04-25 13:14 | Report Abuse

thanks Indonesia for banning exports! :)
Love u Jokowi

Posted by stockraider > 2022-04-25 13:21 | Report Abuse

Very Hot Mah!

Average CPO prices below:

Now July22 fut 6754
Q1 2022 6,197

Q4 2021 5,194
Q3 2021 4,466
Q2 2021 4,195
Q1 2021 3,938

Q4 2020 3,401
Q3 2020 2,783
Q2 2020 2,301
Q1 2020 2,673

Q4 2019 2,522
Q3 2019 2,053
Q2 2019 2,008
Q1 2019 2,089

Posted by supersinginvestor > 2022-04-25 14:03 | Report Abuse

Yes agree...
Love u cpojokowi..

Posted by supersinginvestor > 2022-04-25 14:04 | Report Abuse

Lov to indonesia from
Cposupersinginvestor....

Posted by supersinginvestor > 2022-04-25 14:15 | Report Abuse

Dear mr. fund manager..
Unker sifu advice u to buy utdplnt
Its still cheap for you..
If u dont buy now later unker sifu sell to you rm28..ok..
Lol

Posted by soon9913 > 2022-04-25 20:39 | Report Abuse

take the div first loo

Posted by investor2021trading > 2022-04-25 20:59 | Report Abuse

i've sold at a profit more than d dividend n will buy again after ex-price adjustment!

Posted by LossAversion > 2022-04-26 10:19 | Report Abuse

First time attending its virtual AGM. Thumbs up!

Posted by Pinky > 2022-04-26 11:21 | Report Abuse

aiyo why sell this cash cow? keep for super generous dividends

Posted by stockraider > 2022-04-26 11:41 | Report Abuse

Should not sell mah!

Surewin loh!

Posted by soon9913 > 2022-04-26 14:04 | Report Abuse

Aversion, what did the boss say in summary in the AGM? more dividend coming?

Posted by Sardin > 2022-04-26 16:04 | Report Abuse

@Stockraider, your CPO selling price is different from the quarterly report.

Posted by stockraider > 2022-04-26 16:43 | Report Abuse

True loh....this is due to Utd Plant....make future sells ahead loh!

Their selling price will going to improved in line with the mkt....once the outstanding future selling price position has been cleared loh!

Despite....this temp sellback by selling fwd future price....Utd Plant still make a very decent profit loh!

Posted by ooihk899 > 2022-04-26 17:14 | Report Abuse

damn bad result.

Posted by ooihk899 > 2022-04-26 17:14 | Report Abuse

Q on Q profit drop

Posted by ooihk899 > 2022-04-26 17:17 | Report Abuse

Haiz, this year dividend may drop

Posted by 股神 GS > 2022-04-26 17:18 | Report Abuse

1Q Net Profit RM 59.7m(-20% YoY/ -61% QoQ) , Revenue RM 642.9m( +61% YoY / +2.6% QoQ)

Posted by ooihk899 > 2022-04-26 17:20 | Report Abuse

very disappointed, operating cash flow was -251m.

Posted by Pinky > 2022-04-26 17:48 | Report Abuse

Shit. Time to sell palm oil counter and buy Petronas Chemicals hahaha

Posted by Pinky > 2022-04-26 17:50 | Report Abuse

Saving grace:

However, based on the increased palm oil prices and the
company’s ability to minimize any significant crop losses so far in spite of the acute labour
shortages, the Board of Directors expect that the results for the year will be satisfactory and
better than in 2021.

Posted by ipodkaki > 2022-04-26 17:51 | Report Abuse

United plantation hv plantation(upstream) and refinery (downstream) business, the management did say they expect the refinery loss will revert in the coming quarters.
Its good and bad model as during palm oil down time, their refinery will compensate their upstream business and vice versa. Those new investor donno abt this will be surprised n burnt.

Posted by monorail > 2022-04-26 17:54 | Report Abuse

Their selling price will still not improve next quarter because there is still RM225m unrealised hedging losses

Posted by Abba84 > 2022-04-26 19:02 | Report Abuse

20miillion alone paid to govt.under cukai makmur .if,no makmur means,higher profits!

Posted by stockraider > 2022-04-26 19:04 | Report Abuse

Do not get kon loh!

The Rm 225m of hedging losses already charge out & provided in the Dec 2001 qtr mah!

Next Qtr no more Rm 225m hedging losses mah!

Lu tau boh ?

Posted by StartOfTheBull > 2022-04-26 19:23 | Report Abuse

This is likely to drag down most plantations stock tomorrow.

Posted by stockraider > 2022-04-26 19:40 | Report Abuse

I think no loh!

Utd Plant is over aggressive in its hedging of its refinery division resulting a loss of Rm 225m on its hedging position mah!

This position will unwind in Q2 mah!

Posted by StartOfTheBull > 15 minutes ago | Report Abuse

This is likely to drag down most plantations stock tomorrow.

Posted by Sardin > 2022-04-26 19:57 | Report Abuse

Does anyone know the production capacity of Unifuji? Does the production run 7 days a week?

Posted by dam82 > 2022-04-26 20:21 | Report Abuse

collect close one eye after ex date ..it more at what price to buy .. hope for a knee-jerk reaction from 2morow onwards

Posted by KClow > 2022-04-26 20:33 | Report Abuse

WTF

Posted by stockraider > 2022-04-26 20:33 | Report Abuse

No Need to Wait to Wait Lah!

The management advice the future qtr result will be better loh!
Utd Plant management honest & never bluff mah!

Posted by investor2021trading > 2 minutes ago | Report Abuse

after this lackadaisical QR n reported hedging losses, it better to wait longer after d 85 cents adjustment!

Posted by dam82 > 2022-04-26 20:35 | Report Abuse

buy buy 2023 divident is better than 2021 also can sleap well with utplt .... those complaining sell sell

Posted by Sardin > 2022-04-26 20:42 | Report Abuse

"Nevertheless, due to the large inverse in prices between the spot and future month contracts, contribution has been reduced somewhat." This statement is so bo-cheng-co. "reduced somewhat"? I hope it can be more precise and professional.

Posted by ImCK > 2022-04-26 20:46 | Report Abuse

anywhere UTPLD is the plantation that consistence given dividen just hope dividen can maintain same ok liao
1 year also got 7% ++++ above somemore weakness ringgit havent reflect

Posted by Abba84 > 2022-04-26 20:47 | Report Abuse

Stil it closed + ves 2dy ..either markets or,investors has forgiven .
the profits seems t b ok n if, not for cukai makmur of 20 millions incurred ,utd wud been alluring rather than ,dismayed! Looks like a strong cpo futures as a result of export ban wuld come t play tmrw.!

Posted by dam82 > 2022-04-26 20:48 | Report Abuse

ya lor memang not profesional lets tekan to down ... sell sell ...

Posted by Johnzhang > 2022-04-26 21:33 | Report Abuse

I am very sorry to say that UP's Management is real hopeless ! They continue to make huge losses on hedging the wrong side for the last 2 years. This has resulted huge amount of good money wasted and shareholders missed the opportunity to reap the benefit of the 200% surge in CPO price.
(1) The realised CPO price for Q1 2022 is only $3,798 as compared to average spot price of $6,050 ! That is massive difference of $2,252/mt CPO ($6,050 - 3,798) !!
The opportunity loss in NPBT = $2,252 X 57,865 mt CPO produced = $130.3 mil . After considering windfall tax and corporate tax , the opportunity loss in NPAT is about $84 mil or 20sen/share.

(2) as at 31/3/2022, the company suffers loss on outstanding hedges amounting to a massive $222 mil . About $150 mil of the hedging loss is has been accounted for in Q1 2022. This $150 mil hedging loss is equivalent to about 27sen /share of nett profit loss.

Without (1) and (2) above, the company should report EPS to the tune of 61.4 sen ( 14.4 +20+27).
Shareholders should take the management to task !

Posted by Johnzhang > 2022-04-26 21:39 | Report Abuse

The plantation companies that sell their produce on spot month basis won't have the problem of UP. These plantations are Taann, SWKplant, Hsplant, Bplant, THplant, MHC, Cepat and even SOP who have reverted to spot selling since 2nd Q 2021. These plantations will reap the highest benefit from >200% surge of CPO price.

Posted by monorail > 2022-04-26 22:09 | Report Abuse

UP and SIMEPLT have almost similar hedging loss amount despite SIMEPLT being many times bigger. UP have balance of RM225m unrealised losses as of 31/03/22, SIMEPLT around RM215m as of 31/12/21.

Posted by gemfinder > 2022-04-26 22:22 |

Post removed.Why?

Posted by R200d200 > 2022-04-26 22:54 | Report Abuse

No surprise about this major loss, however I wonder who is sittting in the other end of those hedging contracts. Many oil and gas companies have stopped forward selling long time ago, only the ones with high debt ratio have to.

Posted by virust > 2022-04-27 05:41 | Report Abuse

Hedging policy only work during CPO price downward but when asking to stop the policy during AGM, board insisted to continue with the policy. This Q already suffer loss of 90mil from hedging and cash from operation loss 251mil mean no advantage of higher CPO for tis Q. All major Planter (Simeplt, KLK, IOI and Genp) did similar hedging in various position. In sum, SOP, TAANN, FGV, HSplt, Bplt, JTiasa and other pure upstream Planter whose selling CPO on spot price are the winner.

Posted by Johnzhang > 2022-04-27 07:21 | Report Abuse

The reason why capital gain over 2 years and 1 year period from investing in UP, IOI, Simeplant and even KLK is so much lower than the small and midsize plantations is now very obvious!
I shall remain focus on the small and midsize plantations like SOP, Taann, Bplant, HSplant, cepat, MHC, swkplant, Thplant. These plantations will reap the highest return from the high and increasing CPO trend.

Posted by KClow > 2022-04-27 08:48 | Report Abuse

Johnie boy
From what you write
I can tell you are a confident young kid
You will gain wisdom with time and high cost
Sell united plantations
Those with wisdom will buy and hold

Posted by KClow > 2022-04-27 08:49 | Report Abuse

Johnie boy your small n mid cap plannts stock will crash enjoy
U can see it today
But united plantations WONT

Posted by KClow > 2022-04-27 09:02 | Report Abuse

I am fine buying united plantations
Waiting for dividend

Posted by 1LegKick > 2022-04-27 09:19 | Report Abuse

Those newbie are dumping, will collect more

Posted by Pinky > 2022-04-27 09:20 | Report Abuse

The importance of portfolio-based investing is to weather thru both storms and sunny days

U cannot expect to enjoy all the fruits without some gloom

Keep UP for portfolio stabilisation and its generous dividends

And buy some of Ta Ann, Jaya Tiasa etc to ride on CPO boom

Combo meal is best

Posted by Denmark > 2022-04-27 09:41 | Report Abuse

Good morning
When is the dividend paid?

Posted by Johnzhang > 2022-04-27 09:42 | Report Abuse

KClow, wake up and grow up ! Just look at all the facts presented in the QR. Figures can not lie. In denial mode won’t help you.

Posted by KClow > 2022-04-27 09:46 | Report Abuse

Johnie boy
You reckon only you know figures
Hahaha
United plantations never even went up much this boom cycle and you think its going down
Hahaha
Anyway just wait and see
But later sure you wont be around