The current share price is still far from its peak at rm 2.5 2 years back. I had sold it before at close to rm 3 before right issue. Plenty of room for the share price to climb. Public bank retirement fund has been holding it close to 10%
There are a few factors that will contribute to increased earning in next few quarters. Rise of CPO, high unbilled sale and strengthened of rupiah vs usd. This happened before in 2017. During that time, earning was 50-60 miliion. That translates into eps of 8-9. I hope it will even better next year as the plantation is more mature now compared to 2017
As at 31 Dec IDR vs USD appreciated 2% (compare to 30 Sept) and the Indonesia CPO price stood at USD 820 (RM3,400) plus unbilled sales of RM1.1bil. JV with Panasonic and Sunway ran smoothly. Everything looks nice. MKH next quarter result should be excellent. Break RM2.00 is just matter of time.
“You can have my word that our production will catch up. In fact, it already has,” executive chairman Tan Sri Alex Chen (pictured) told The Edge Financial Daily. “Trees at our two main parcels are aged between six and 10 years, so about 90% of our trees are now bearing fruits.” 12nd Mar 2018
MKH is targeting an FFB output of 420,000 tonnes in FY18, along with an oil extraction rate of 22%, kernel extraction rate of 4% and CPO production of 94,000 tonnes. Its CPO selling price budget has been fixed at RM2,300 for the year.
MKH is the super star for CPO right now in Kalimantan, after 10-20 years it would become another super star to convert the palm estate into properties development in Samarinda (Just like our Kajang town 20-30 years back).
Dalpinia, good analysis. MKH has good oil palm land now, later can become good development land. They can become the next Super listed company like KLK and IOI. The Chairman has good foresight to get the Samarinda/Semboja land. If the land can revalue higher, I say we vote for Super bonus for the Chairman and Super dividend for us. Bought 9 lots at 1.77 today.
Property developer turned planter MKH Bhd plans to list its plantation division in the medium term, as it continues to expand its palm oil segment and seek a sustainable source of revenue.
Its MD Tan Sri Eddy Chen Lok Loi told The Malaysian Reserve that the company is seeking ways to increase its oil palm plantation proposition before it lists the firm.
“We are going for it (to list the plantation division). We hope to grow it sizeable enough (to list it), perhaps in the medium to longer term,” he said.
"In Peninsular Malaysia, the average yield for oil palm estates ranges from 22 to 24 tonnes per ha, while in Kalimantan, Sabah and Sarawak, it is 24 to 26 tonnes per ha given healthy growth conditions."
Can MKH achieve on the high side of 26 tonnes per ha? What is CPO price now?
FCPO is around rm 3100. Still a lot of room for appreciation of share price, from previously peak of rm 2.50 2 years back. 2 years later now the land of mkh is more valuable with mrt2 and future ecrl and hsr
my friend work there confirm property growing fast but founder children all high position high salary but no working no people sound them we no use them can save for dividend pay out
I bought this share before it gave bonus last round.....all the analysis been done yrs ago, just wait for the best timing to reenter. I believe now is the best timing. In share, timing is very crucial
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....
thesteward
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Posted by thesteward > 2019-12-30 11:29 | Report Abuse
Sold abit more 1.80 n hold balance