Posted by tnang > 2023-10-05 15:18 | Report Abuse

wait for you at good price to enter again

Posted by Fabien _the efficient capital allocator > 2023-10-30 20:22 | Report Abuse

Very interesting discovery by the Maybank IB team.

16,908 ha freehold land worth more than its mkt cap
GENP is one of the largest freehold land owner in Peninsular Malaysia (PM)
with 16,908 ha, with 61% located in Johor, 18% in Malacca & Negeri
Sembilan, 18% in Kedah & Perak, and 3% in Selangor (ie. Sepang). GENP
continues to carry these valuable assets at their book values. As these
lands were amassed progressively since 1981, and strategically located on
highly populated areas of the west coast of PM, we estimate these freehold
land to be worth MYR7.25b or 1.5x GENP’s current market cap.

Its 10,397 ha Johor land is worth MYR5,656m
GENP has remaining 10,397 ha of freehold land in Johor, of which 2,555 ha
(or 6,311 acres) are located in the Iskandar region, making GENP one of
the largest landowner in Iskandar. GENP has two active township projects
in Johor - at Kulai and Batu Pahat. Since the 1990s, GENP has been
monetising some of its prime estate land via property developments.
Its freehold landbank offers good inflationary hedge
GENP has focused on aggressively growing its oil palm planted area from
48,710 ha in 2003 to 138,301 ha in 2022, translating to a CAGR of 5.4%. As
land values in Malaysia appreciate, most of GENP’s oil palm expansion over
the last two decades shifted to Indonesia. Naturally, the oil palm division
is the larger profit contributor, accounting for 67%-95% of its yearly group
core PBIT over the past 10 years, with the balance contributed by the
property division. In the past, the property division has helped to weather
the earnings of the group during periods of low oil palm profits.

Posted by James_Bond > 2023-10-31 10:01 | Report Abuse

Go go go GenP! I m loving you!

Posted by James_Bond > 2023-11-03 09:55 | Report Abuse

Congrats my fellow comrades for buying GenP at extremely low price and r laughing to the bank! Cheers!

Posted by James_Bond > 2023-11-06 10:27 | Report Abuse

Go go go GenP! Haha! Congrats!

Posted by ElizaWong > 2023-11-10 09:33 | Report Abuse

Queue at 5.50 to average down ..

Posted by ElizaWong > 2023-11-14 15:18 | Report Abuse

Maybank upgraded GENP to a "buy" by the way
...
Its major shareholders are parent company Genting Bhd (55.4%), Employees Provident Fund (12.6%) and Kumpulan Wang Persaraan (7.5%)

Posted by Dehcomic01 > 2023-11-18 08:31 | Report Abuse

From a fundamental perspective, the ROE of Genting Planation falls below that of my reference Bursa Plantation company – KLK. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html
I would even rate Genting Plantation performance as no better than that of BPlant.
https://i.postimg.cc/J0xkmVPL/Genting-Plantation.png

The interesting think for the punters is that the share price of ROE of Genting Plantation is moving in the opposite direction of the improvement in the ROE. If you believe in the Efficient Market Hypothesis, you would expect the share price to eventually reflect the business performance. Is this a counter to speculate?

Posted by James_Bond > 2023-11-20 13:58 | Report Abuse

Go go go GenP. I m loving you! Cheers!

Posted by James_Bond > 2023-11-23 14:31 | Report Abuse

Calculated ROE 15+% from the latest QR! Expecting GenP to go back to NTA and above!

Posted by James_Bond > 2023-11-23 14:32 | Report Abuse

Dehcomic01, no doubt you clearly failed your maths!

Posted by ElizaWong > 2023-11-27 09:50 | Report Abuse

Super cheap now for GenP. Time to accumulate more

Posted by James_Bond > 2023-12-07 11:17 | Report Abuse

Congrats comrades for following me to buy dirt cheap low price below 5.20! Cheers!

Posted by ElizaWong > 2023-12-12 11:02 | Report Abuse

Nice, James_Bond. Now got decent paper gains alrdy

Posted by ElizaWong > 2023-12-15 12:38 | Report Abuse

let's wait and hope it can hit Rm6 before new year 😊

Posted by James_Bond > 2023-12-19 16:25 | Report Abuse

Be informed that I wil be taking profit slowly… Merry Christmas, my comrades! Cheers!

Posted by ElizaWong > 2023-12-22 10:16 | Report Abuse

Good for you. Have a blessed Christmas

Posted by Fabien _the efficient capital allocator > 2024-01-03 17:00 | Report Abuse

Johor theme in play. GENP is a laggard. They have more than 10,000 hectare of freehold land in Johor (Batu Pahat, Kulai, Air Itam, Simpang Renggam).

Posted by ElizaWong > 2024-01-09 16:32 | Report Abuse

Good good. Now it's moving strong towards RM6

Posted by Calvin882 > 2024-01-11 09:36 | Report Abuse

Its really happening. I took so long

Posted by James_Bond > 2024-01-11 17:35 | Report Abuse

Congrats my comrades! I hv sold 90%, keeping 10% and let profit runs… haha..

Posted by dompeilee > 2024-01-11 19:44 | Report Abuse

dompeilee

Averaged down on the 100 GenP shrs I bought to collect AGM gifts in 2017...@ $5.42

2023-09-01 10:42

🤗🤗🤗

Posted by Fabien _the efficient capital allocator > 2024-01-14 18:58 | Report Abuse

2018: EPS 20.5 sen (SPr: 9.06 to 10.72)
2019: EPS 16.6 sen (SPr: 9.36 to 10.80)
2020: EPS 28.4 sen (SPr: 8.50 to 10.80)
2021: EPS 48.2 sen (SPr: 6.46 to 9.93)
2022: EPS 52.5 sen (SPr: 5.55 to 9.58)

Pre-covid, GENP trades at RM9 to RM10+
Last 2 years, GENP record profit, however valuation multiple was much lower due to high interest rate environment. As rates are anticipated to moderate lower, expect PE multiple re-rating.

Posted by Fabien _the efficient capital allocator > 2024-01-16 10:56 | Report Abuse

Their sizeable landbank is valued at more than RM5billion.

Posted by ElizaWong > 2024-01-17 11:32 | Report Abuse

Patience will always pay off 🤗

Posted by Fabien _the efficient capital allocator > 2024-01-17 20:58 | Report Abuse

Despite market weakness this week, GENP is holding up well.

Posted by zhen wei & JP > 2024-01-18 16:09 | Report Abuse

Just trying ..

Posted by Fabien _the efficient capital allocator > 2024-01-19 14:52 | Report Abuse

CPO above 3.9k. bullish

Posted by hng33 > 2024-01-22 12:02 | Report Abuse

Bought GENM at 6.39-6.40

Posted by Fabien _the efficient capital allocator > 2024-01-23 00:01 | Report Abuse

EPF keep buying GENP

Posted by Fabien _the efficient capital allocator > 2024-01-23 00:02 | Report Abuse

welcome @hng33

you are here means we can further ride the upside. what's your trading plan?

Posted by hng33 > 2024-01-26 15:17 | Report Abuse

sold back at 6.45-6.47, swap to genting

Posted by Hong9933 > 2024-02-13 20:05 | Report Abuse

Collect 6.2

Posted by Save > 2024-02-28 22:23 | Report Abuse

Good. Results safe.

Posted by ElizaWong > 2024-03-04 16:24 | Report Abuse

Ouch ... India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says at KL conference

https://theedgemalaysia.com/node/703328

Posted by ElizaWong > 2024-03-12 10:50 | Report Abuse

https://www.nst.com.my/business/insight/2024/03/1023959/higher-export-revenue-%C2%A0oil-palm-sector-year
That's why EPF was collecting it recently 🙂

Posted by Michael Kwok > 2024-03-25 21:50 | Report Abuse

Buy call 6 22 or lower
Tp 7.50.
Who say it will down.
25/3/24 9.50pm

Posted by ElizaWong > 2024-03-27 17:06 | Report Abuse

Who said it will go down? 🤔

Posted by ElizaWong > 2024-04-09 17:07 | Report Abuse

Bullish outlook seen for Malaysian crude palm oil futures
https://www.businesstimes.com.sg/companies-markets/bullish-outlook-seen-malaysian-crude-palm-oil-futures

Posted by ElizaWong > 2024-04-23 18:24 | Report Abuse

Genting Plantations expects demand for palm products to advance in 2024
https://www.thestar.com.my/business/business-news/2024/04/19/genting-plantations-expects-demand-for-palm-products-to-advance-in-2024

Posted by AlfI3 > 2024-07-10 08:05 | Report Abuse

No eye see on plantation ctrs, it against w d world economy recovering plan. Really a sad news

Posted by AlfI3 > 2024-07-10 08:07 | Report Abuse

Johor plantation IPO debut oso a "disappointing & under weight" Outlook determination!

Posted by DonovanTingQY > 2024-07-25 09:24 | Report Abuse

Genting Plantations’ Jakarta land acquisition positive for property development

https://theedgemalaysia.com/node/719976

Posted by CYChong > 2024-10-08 19:14 | Report Abuse

what's wrong with EPF? sell low buy high...

Posted by Ethan Invest > 2 months ago | Report Abuse

So tomorrow market will appreciate the QR or the other way. hmm.

Posted by Ethan Invest > 2 months ago | Report Abuse

seem slowly creeping up. Unlike Jtiasa and TSH, this stock is really quite and less volume..

Posted by DonovanTingQY > 1 month ago | Report Abuse

EPF starts divesting from Genting Plantation ...

Posted by ElizaWong > 3 weeks ago | Report Abuse

The price of crude palm oil (CPO) is likely to stay high through the first quarter of 2025 (1Q25), driven by seasonally weak production, increased biodiesel mandates in Indonesia, and higher restocking activity ahead of Ramadan

https://www.thestar.com.my/business/business-news/2025/01/10/cpo-prices-likely-to-remain-high-in-1q25

Posted by albert787378 > 1 week ago | Report Abuse

Meanwhile, Genting Plantations said the land disposal will generate a one-off gain of about RM284.92 million or 32 sen per share. The group acquired the land in April 1981 for an initial investment cost of RM2.09 million.

https://theedgemalaysia.com/node/742390

HUAT

Posted by ElizaWong > 5 days ago | Report Abuse

RM6. Let's go !