The plantation bought will help but since the size is small, so don't see it will have a significant impact. I just wonder what is really wrong with revenue/eps for 2013 with the core biz. Unless core biz can come back, else don't seems attractive.
With 630ha planted with oil palm, roughly can get gross income of RM300k per month or RM900k per quarter. It is about 10% of Q4 last year revenue. Last Q4 revenue not good is because some of the installation of the project is delayed.
Sounds like a good news? El Nino weather is expected next month onwards, and it will affect the output of palms... and hence price of palm oil might increase, but does this translate to earning for MBL?
Any sifus here wish to shed a few opinions? Thanks.
excuse me, i would to know does this company involve in plantation business ? or they just provide the processing service or equipment for process palm oil?
As I browse through annual report 2013, I realized that as the profit after tax fell by 62% (from 16384866 to 6282986), the director remuneration has increased by 50% (4221756 to 6365286). The % of director remuneration is 101% from the year PAT. Is it justified for the BOD's remuneration to increase by 50% while PAT fell 62%?? Hope someone can comment on this. TQ
I'm quite surprised with the sudden fall. Any news that affect the company? So far everything looks not too alarming. Many companies in the market now also have falling profit. But at least it's not in the red isn't it?
THERE IS 7744m for good will under cash flow... and i find no explanation for this, any one know somethings about this? and there is acquisition 18424m, any one know what acquisition is about?
ACQUISITION BY MBL PLANTATION SDN BHD (“MBLPSB”), A WHOLLY OWNED SUBSIDIARY OF MBL, OF THE ENTIRE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF SOKOR GEMILANG LADANG SDN BHD (“SGLSB”) AND NOVATION OF THE SUM OWING FROM THE CREDITORS OF SGLSB TO MBLPSB FOR A TOTAL CONSIDERATION OF RM24,750,000 TO BE SATISFIED BY CASH (“ACQUISITION”)
overall it is still above average if compared with other companies. Many firms are reporting lukewarm results for the Q1 2014. Perhaps it is the whole market sentiments? Anyhow, 3 cents dividends is still commendable for this quarter. Anyone agree with this?
this company is good for long term invest. if you can check the detail report of acquisition SGLSB, you will find that it worth to invest for long term.
SGLSB own a palm oil land with total size of 789 hectares, 630 hectares already planted with palm oil, 50 hectares plantable reserved, and the rest for road, building, etc. The age of planted palm oil trees are around 4 - 7 years old. Expected in 2017 when most of the tree matured, these palm oil will generate around RM5 to RM10 million revenue (after process into CPO) to MBL.
Take opportunity to further accumulate MBL with current low price. Purchased of SGLSB which is situated in Tanah Merah (2nd city of Kelantan) at the price of RM2750mil for 789 hectares (RM35K per hectares) is quite reasonable. Hopefully the dividend still can maintain >6% for coming year.
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....
mogul88
55 posts
Posted by mogul88 > 2014-04-04 16:39 | Report Abuse
welcome george, yes i find it surprising too that the dividend is announced not in tandem with the latest quarterly result on end Feb