" Lembaga TH already owns 74% of Thplant. I think most minorities are prepared to accept offer at $1.00 to $1.20 "
what about ? is this logic ? : ( 57000ha x $35000 [ ev/ha ] ) + ( 40000ha x $10000 [ ev/ha ] ) - ( 1.2 Billion Debt ) >> CONSERVATIVELY >> also ~$1.35 per share
@infoSeek, the irony is investors are hesitant to buy the share at today’s price of $0.52-0.55 In this respect, no point to talk about what it really worth . Just my view .
ESG compliance will eventually lead prices for agriculture commodities, CPO especially, metals (steel, aluminum etc) and O&G to go higher and eventually stay elevated. Because of ESG , coupled with covid hiccups, there has been no capital investment and worse still there are rampant cut back to meet decarbonisation goals.
Calvin thanks ❤️ for your cakap cakap, ngi ngi ngor ngor.. One of problems in Th is management capabilities!! Dunno how they can have good profit margins when their expenses are kelang kabut. Other plantations are managed well but NOT this one. You should know the history of this company last 4 to 5 years in the, "management" area... I hope there will be decent profits to warrant their share price upwards
CGS-CIMB securities head , Ivy Ng, said yesterday " For 2021, we are looking at an average of $3,700 per tonne...." I must alert Miss Ivy Ng that average for Jan - Sep 2021 is already $4,150. To get your full year average for 2021 ($3,700), CPO price for Oct-dec 2021 ought to be $2,350! How likely? Probably she is smarter than people in the industry to see CPO plunging tommorow! What a shame!
CPO is about $5,100! How can Lembaga TH not getting the investment bank to quicken the privatisation process ? I guess it may be just around the corner. Hahaha
Just to share some historical data of past 10 years . Plantantion share price on day closing high (H) in year 2012 were as below (adjusted for RI or BI if any)
Thplant. $2.45 Sop. $6.62 MHC. $1.46 Cepat. $1.18 Swkplt. $3.24 Taann. $4.50 Hsplant. $3.18 Bplant. $1.34 Note :Bplant H was in 2018. Listed in 2014.
CPO high was about $3,600 pmt in Mar 2012 CPO now reached almost $5,100 yesterday. Cost of production may have increased by $200 pmt since 2012. After factoring in the higher production cost , today 's CPO price is still about 35% higher than 2012. On the contrary, share price for most of the plantantions companies are trading at about 30- 50% below the high in 2012. What a divergence! I believe the share price increase yesterday is just the beginning of the recovery. Enjoy the recovery ride .
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....
VenFx
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Posted by VenFx > 2021-09-10 20:30 | Report Abuse
OKIE OKIE
Calvin Bro !