Posted by enid888 > 2019-01-19 15:13 | Report Abuse

MKH's Kalimantan plantation is really fertile. The big boss, Tan Sri Dato' Chen Kooi Chiew personally went to see the land and confirmed the deal in 2007. The land is flat and with volcanic soil. The current yield is about 28MT to 30MT per hectare. This yield is considered very high as compared to the plantation yield in Malaysia at around 20MT to 22MT per hectare. The additional yield turns to much higher profit. If you consider the fixed cost and variable cost of production, you will understand that the additional harvest brings in much higher profits.

Posted by enid888 > 2019-01-19 15:35 | Report Abuse

MKH bought over additional 2,445 hectares of plantation, near to its existing plantation in 2016. In total, MKH has 18,388 hectares now, 16,407 ha are planted and almost all of them have matured. From the announcements in last one or two years, the plantation land worth about RM1.1bil and MKH has plan to list it. RM1.1bil is aldy much higher than the current market capitalisation of MKH at RM733mil.

Now, you can see how undervalued MKH is. It is a topaz mistaken as a blue stone, a diamond mistaken as a quartz.

Posted by Aero1 > 2019-01-21 15:08 | Report Abuse

Wow wow!

Posted by lcng123 > 2019-01-21 16:45 | Report Abuse

don't talk so much about MKH in the forum. let MKH share price up slowly and quietly.

Posted by sowsc1987 > 2019-01-21 21:12 | Report Abuse

Delete all the comments?

Posted by Icon8888 > 2019-01-22 18:54 | Report Abuse

MACD crossed zero line decisively

Posted by enid888 > 2019-01-23 08:14 | Report Abuse

Generally, MKH's properties are selling well. The unbilled sales are at a record high of RM1bil. This is the highest in MKH's history. Inventory is at a very low level of RM100mil and it is expected to be sold in the coming National Homeownership Campaign on 1/3/19.

http://www.theedgemarkets.com/article/mkh-sees-profit-rebounding-fy19-after-hitting-fiveyear-low

Posted by Aero1 > 2019-01-29 15:34 | Report Abuse

Ah Chen said:

The industry is expected to improve gradually following Indonesia's removal of crude palm oil export levy from previous USD50 per MT that will stimulate rise in palm oil trades. The crude palm oil prices have since recovered from the previous low of approximately RM1,800 to above
RM2,100 per MT, and we expect demand to pick up in 2019 partly due to:-
• Indonesia’s enforcement of B20 biodiesel since October 2018
• Reduction of Indian import duty for CPO from 44% to 40% in January 2019
• Malaysia’s implementation of mandatory B10 biodiesel in February 2019

We will also continue to give focus on enhancing estate management with increased implementation of mechanical-assisted collection to boost production efficiencies including oil extraction rate. Hence, we expect the Plantation Division to benefit from the above.

Posted by Aero1 > 2019-01-29 15:36 | Report Abuse

Production for both Estates FY2016 FY2017 FY2018
Fresh Fruit Bunches (“FFB”) (MT) 371,000* 398,000* 465,000*
Crude Palm Oil (“CPO”) (MT) 85,000* 83,000* 101,000*
Average CPO Price RM2,050 RM2,530 RM2,160
Oil Extraction Rate (“OER”) 22% 20% 21%
PT MKH – FFB Yield (MT/hectare) 25MT 26MT 30MT

Posted by Aero1 > 2019-01-29 15:41 | Report Abuse

Plantation potentially very good cash generating division. CPO 100,000 MT to generate additional cash flow 20 million from the USD50 savings alone.

Posted by hopetobecorrect > 2019-01-30 09:34 | Report Abuse

anyone can share opinions on mkh debts?

Posted by Aero1 > 2019-01-31 18:39 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2019/01/31/feng-shui-says-palm-oil-will-do-well-in-year-of-the-pig/

Posted by Aero1 > 2019-02-12 08:32 | Report Abuse

https://gapki.id/wp-content/uploads/2019/02/INA-PALMOIL-STATISTIC-DATA-2018-FULL-YEARS.jpg

Posted by Aero1 > 2019-02-18 09:19 | Report Abuse

Indonesian presidential hopefuls vow energy self-sufficiency through palm
Read more at https://www.thestar.com.my/business/business-news/2019/02/18/indonesian-presidential-hopefuls-vow-energy-self-sufficiency-through-palm-oil/#zAzep0uh1VYgiiWs.99

Posted by Aero1 > 2019-02-18 09:23 | Report Abuse

https://gapki.id/news/14238/road-test-b50-medan-jakarta-berjalan-lancar-gapki-sambut-salam-sukses

Posted by Aero1 > 2019-02-19 16:45 | Report Abuse

How the world got hooked on palm oil
https://www.theguardian.com/news/2019/feb/19/palm-oil-ingredient-biscuits-shampoo-environmental

Posted by enid888 > 2019-02-22 00:53 | Report Abuse

The 2019 eps will be much better than in 2018.

Posted by enid888 > 2019-02-22 01:12 | Report Abuse

The unbilled sales of MKH are at the record high now. The products of MKH is still selling reasonably well as they are priced affordably and situated at strategic locations.

Posted by Aero1 > 2019-02-22 08:30 | Report Abuse

Now that its its plantation debt is being liquidated and better and stable CPO prices ahead. If no major acquisition, the company should consider paying dividend twice a year. But I believe is hard to do so.

Posted by Aero1 > 2019-02-27 12:59 | Report Abuse

Not many plantation companies achieve 30 MT FFB per hectare. Can you point one?

Posted by lcng123 > 2019-02-27 16:39 | Report Abuse

MKH Plantation world number 1

Posted by K.H > 2019-02-27 17:26 | Report Abuse

1Q net profit 30.013 million (increased 71.50%)
unbilled sales value of RM1.0 billion
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6077969

Posted by Icon8888 > 2019-02-27 17:53 | Report Abuse

Results not bad

Posted by Aero1 > 2019-02-27 18:27 | Report Abuse

No loss in plantation segment this quarter. Should improve in next quarter. Many other plantation companies reported loss this quarter.

Posted by enid888 > 2019-02-28 00:20 | Report Abuse

Q1/19 results is quite decently good at 4.5 sen/share. Results for Q2, Q3 and Q4 are expected to be even better than Q1 based on the following reasons.

1) Unbilled sales is at historical high of RM1bil. Its condo and serviced apartment projects namely, Inspirasi @ Mont Kiara and TR Residence will progress to more advanced stages so that more sales can be recognised as revenues.

2) Improved CPO and Palm Kernel Oil price as compared to Q1/19. The prices of CPO and PKO has already increased as compared to Q1/19.

Posted by Aero1 > 2019-03-05 12:52 | Report Abuse

https://gapki.id/wp-content/uploads/2019/03/Indonesian-Palm-Oil-Statistics-Data-JANUARI-2019.jpg

Posted by bclim_83 > 2019-03-07 11:13 | Report Abuse

Finally MKH starts to move. Very undervalued counter with 2 main businesses in property and plantation. The plantation unit is self sustained and managed to pare down its debt from usd 80+mil to 40+mil. In another few yrs the usd debt should be able to cleared up if no major expansion in plantation. 2 yrs back (before right issue) i managed to buy at rm 1.9 and sold at rm 3. Even after right issue, it has come down from its peak of rm 2.50 to current price. I hd happily collected it at ard rm 1.15

Posted by Aero1 > 2019-03-07 12:00 | Report Abuse

Good to you bclim.

Posted by monkeyinvestor > 2019-03-07 22:24 | Report Abuse

mkh only rebound but 1.60 not ez pass!

Posted by Aero1 > 2019-03-08 09:18 | Report Abuse

Need one or two more quarter to climb further

Posted by Aero1 > 2019-03-20 13:09 | Report Abuse

No one attended the AGM today morning?

Posted by sowsc1987 > 2019-03-20 14:20 | Report Abuse

✋

Posted by Aero1 > 2019-03-20 15:42 | Report Abuse

Can share any update?

Posted by i3vestor5 > 2019-03-20 15:54 | Report Abuse

i think can buy at right price. good q&a session.

Posted by Aero1 > 2019-03-20 16:05 | Report Abuse

Sure.
The Chairman is hoping for an eventful year. Fingers crossed.

Posted by i3vestor5 > 2019-03-20 17:12 | Report Abuse

bought a few more lots during agm. i think chairman and plantation director knew their stuff well. i was surprised they could do 30 mt. fingers crossed cpo price better, loans pared down, lesser forex losses, then give us more dividends. property director said to get 25% gross margin. if get hope they give even more dividends.

Posted by Aero1 > 2019-03-20 17:27 | Report Abuse

Thanks for update. Feel good AGM. Double steady. Double the dividend.

Posted by sowsc1987 > 2019-03-20 17:56 | Report Abuse

Good management,at this tough environment ,their property launch still can get average 70above take up rate .....their half inventory almost from parking lot ,and some comercial unit....only around 110m complete inventory home

Posted by sowsc1987 > 2019-03-20 18:06 | Report Abuse

Chirman also mention they will advance payment the US dollar debt if good currency ....

Posted by AdministratorID > 2019-03-20 22:26 | Report Abuse

Their property is doing so-so compared to market. Their plantation is doing better compared to market. Why not list the plantation as standalone unit?

Posted by AdministratorID > 2019-03-20 22:43 | Report Abuse

Property King Tan Sri Eddy Chen can improve MKH and PR1MA with his experiences and portfolio.

KUALA LUMPUR: MKH Bhd managing director Eddy Chen has been appointed as chairman of 1Malaysia People’s Housing Programme (PR1MA).

In a statement today, the Prime Minister’s Office said Chen’s appointment takes effect tomorrow, 1st October 2018.

With over three decades of experience in the real estate industry, Chen takes over from Alies Nor Abdul, who resigned on 1st June 2018.

Posted by AdministratorID > 2019-03-20 22:44 | Report Abuse

“Our plantation business will definitely show a year-on-year improvement in terms of operating profit, excluding any unrealised foreign gains or losses.

“Its contribution to the group’s revenue and profit will increase, but it might not overtake that of our property and construction segment just yet,” said Chen.

Posted by Aero1 > 2019-03-20 23:04 | Report Abuse

Not flying stock but can sleep well. Price will likely climb over next two quarters. Many assets ripe to produce more income.

Posted by i3vestor5 > 2019-03-21 15:35 | Report Abuse

"sowsc1987 Good management".

bought more today. read the management profiles from yesterday's annual report and very experienced lot in chairman, md, plantation director, and property director. the plantation director especially explained very well yesterday that i thought he was the tan sri's son. in this tough environment, need these type of strong senior management.

Posted by sowsc1987 > 2019-03-22 09:18 | Report Abuse

i3vestor5,mkh land bank all located at stretegy area example"they focus on TOD concept and landed property,all this very popular at market....example kajang 2 cannot find such big land at kajang for do a town ship....inside kajang 2 have international school,chinese school yu hua 2,KTM, and other .....all this the buyer will consider....mkh use much year to do all planning and infastrustor before launch the property there....that why kajang 2 precint 2 get well order from public...

Posted by sowsc1987 > 2019-03-22 09:44 | Report Abuse

mkh oil palm not need i talk too much "1 hectar produce 30T oil....how good the land .....at malaysia not much company can do that....

Posted by Aero1 > 2019-04-03 08:19 | Report Abuse

https://www.brecorder.com/2019/04/02/485074/indonesia-feb-palm-oil-exports-rise-17pc-y-y-gapki/

Posted by Aero1 > 2019-04-03 08:25 | Report Abuse

https://www.beritasatu.com/ekonomi/546485/gapki-stok-menipis-angkat-harga-cpo

Posted by Aero1 > 2019-04-04 13:29 | Report Abuse

Neste’s palm oil and PFAD supply chain data for year 2018 published
https://www.webwire.com/ViewPressRel.asp?aId=238594
Interesting piece!

Posted by Aero1 > 2019-04-04 13:36 | Report Abuse

https://www.bloomberg.com/news/articles/2019-04-03/india-2019-monsoon-seen-below-normal-on-el-nino-threat-skymet
India’s June-September monsoon, which delivers more than 70 percent of the country’s annual rainfall, is likely to be below normal this year as the El Nino weather pattern may impact rain, Skymet Weather Services Pvt. said on Wednesday.

Precipitation during the rainy season is forecast to be 93 percent of the long-term average of about 89 centimeters (35 inches), said Jatin Singh, managing director of the New Delhi-based private forecaster. That compares with a preliminary prediction for normal showers. El Nino is likely to be the reason for below-normal showers, Skymet said.
Key Insights
The annual four-month rainy season is critical to the country’s agricultural sector as it affects summer and winter crop sowing and waters more than half of all farmland.
In the event of too little rain, farming suffers, families go hungry and power plants go dark.
India is the world’s second-biggest producer of rice and wheat, the top grower of cotton and the biggest importer of palm oils.
Get More
The forecast has a 5 percent margin of error, Skymet said.
India has a 55 percent chance of a below-normal monsoon, 30 percent probability of normal showers and a 15 percent chance of a drought.
The Pacific Ocean has become strongly warmer than average. The model projections call for an 80 percent chance of El Nino during March-May, dropping to 60 percent for June to August, the forecaster said.
“The savior factor could be Indian Ocean Dipole, which is likely to be in the neutral or positive phase during the Monsoon. Thus, it may be able to absorb some of the El Nino blues and possibly would support rainfall during the second half of monsoon."
June is likely to have a “very sluggish start” and deficit rains are likely to spill into July, Skymet said, adding that the second half of the season would see better rainfall.
East India is likely to be at a higher risk of getting deficient rain, especially during the first half of the monsoon season.
Showers are expected to be 77 percent of the long-term average in June, 91 percent in July, 102 percent in August and 99 percent in September.
(Updates to add details in ‘Get More’ section.)
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