Posted by brianklc > 2022-02-21 20:22 | Report Abuse

RJ87, during tht time still got a lot of unknown factors, IB still not yet revise the average CPO price… price still not moving, TP at standstill n land sales keep extended… now got more clarity…

Posted by RJ87 > 2022-02-21 20:30 | Report Abuse

moving forward, 16sen for FY22. At RM1.60 it's still 10% dividend yield. If you enter RM1 tmr, by next year this time. That's a whopping 16% return.

Posted by RJ87 > 2022-02-21 20:34 | Report Abuse

Its about looking beyond the curve and be right.
However, I will admit i'm not always right. There are times that things that should follow through didn't and I suffered loses. =D

Speaking of IB, when IB say buy, I sell. If IB say sell, I buy. I will 7 out of 10 times. They are full of crap.

===========================================
brianklc RJ87, during tht time still got a lot of unknown factors, IB still not yet revise the average CPO price… price still not moving, TP at standstill n land sales keep extended… now got more clarity…
21/02/2022 8:22 PM

Posted by brianklc > 2022-02-21 20:34 | Report Abuse

I was queuing for 90 sen today, but no rezeki… those collected 925 today really durian runtuh

Posted by brianklc > 2022-02-21 20:49 | Report Abuse

RJ87, there are element of luck… at times share price remain stagnant and dividend yield elevated due to market sentiment… for now, the share price is slightly more reflective… but still got lots of room to grow… lets hope the best that CPO price remain to be elevated in 2022 throughout…

Posted by RJ87 > 2022-02-21 20:59 | Report Abuse

Finger cross...

I will suggest to watch closely on import and export policy of Malaysia and other countries.

Last time MITI impose 5% import duty on steel. Steel counter went up 300-400%.When trade war begin, and everyone were dumping steel, even 5% import duty can't protect our steel industries. it drop all the way down to crap.

Be sensitive to changes, it will create a momentary overvaluation and undervaluation. Know when the party just begin and party is over.

Posted by brianklc > 2022-02-21 21:05 | Report Abuse

CPO is more complicated, it has substitute products too… so we have to keep an eye on those too…

Posted by MuttsInvestor > 2022-02-21 21:17 | Report Abuse

" 4th Interim dividend of 4 sen surprised me and total dividend adds up to 8.35sen " .. Agreed. Good Bonus to many including Boustead Holdings.
" CPO price realized for Q4 2021 was $5,044 and FY 2021 is $4,341 which are excellent."... presumed they "decided" not to Hedge their SALES( Forward options ) . Rather ,,, "Play by the Ear" and ride the waves.
" The contribution of disposal gain and cashflow from Kulai land disposal is not in 2021 account except 43 mi deposit is taken in. " ..... As expected. Thus the 1st Q of 2022 financial results will be quite good.
.....................

Side Notes :- a) "" Oil extraction rate (OER) and kernel extraction rate (KER) stayed at 21.5% and 4.1% respectively. """ ....... thus extraction of CPO yield exceeds 20% which is with the TOP CPO producers like IOI, UMalacca and KLK. Quite surprised as it means they have improved their " Management Control" quite a BIT.
b) “In addition, Malaysia's end stock for the first quarter of 2022 is expected to stay at the low level due to weaker production.” ............ Hinting that CPO stocks till April/May 2022 will likely be well below Historical data. Sime Darby and Now, Bplant have made similar statements.

.......................

Celebration time for HIGH dividends. Finished my 21Y Ballantines. Now ... GLENFIDDICH 21 YEAR otw .........

Posted by RJ87 > 2022-02-21 21:27 | Report Abuse

this MuttsInvestor is funny, but not st#pid. Those are the stuff that I compare with other company.

Better management, improved operating efficiency and reduced debt will significantly improve counters valuation at higher PE.

Posted by Johnzhang > 2022-02-21 21:28 | Report Abuse

Mutts, enjoy your whisky!

Posted by brianklc > 2022-02-21 21:53 | Report Abuse

Mutts, enjoy ur vodka… p dehnah (cheers in Russian)

Posted by brianklc > 2022-02-21 22:06 | Report Abuse

https://www.theedgemarkets.com/article/boustead-plantations-posts-record-high-revenue-rm11b-fy21

Posted by calvintaneng > 2022-02-21 23:08 |

Post removed.Why?

Posted by brianklc > 2022-02-21 23:10 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/02/21/boustead-plantations039-net-profit-surges-to-rm24129mil-in-fy21#cxrecs_s

Posted by brianklc > 2022-02-21 23:39 | Report Abuse

Calvin, regarding your article. Agree that bplant debt have yet to include the sales of Johor land. After include Johor land, both are more or less same in terms of net of debt and cash. But I think in your analysis, perhaps u could also mention on the land size comparison between both? And furthermore the potential surprises such as future land sales? Would also highlight that there are mismatch of production data delta % vs sales volume delta % (Dec Qtr vs Sep Qtr in page 11 of jtiasa announcement)… suggesting Dec Qtr is somehow includes sales of prior quarters production? And for bplant, the tax charge included some seasonality… Hence taking Dec Qtr x 4 to calculate PE might not be the most accurate? And also higher NTA per share for jtiasa as compared to bplant was due to bplant keep paying good dividend?

Posted by brianklc > 2022-02-21 23:52 | Report Abuse

Calvin, I do find your analysis very informative, that is why I read your analysis seriously… it would be better IF u consider the points above and fine tune it… Especially on the exclusion of seasonality impact of sales volume in jtiasa in Dec Qtr and higher tax charge for both companies in Dec Qtr before u annualise the EPS…

Posted by calvintaneng > 2022-02-21 23:59 |

Post removed.Why?

Posted by brianklc > 2022-02-22 00:16 | Report Abuse

Bro Calvin, I know it’s just a brief outlook, thanks for coming out this outlook in just a few hours…and btw, wanna also point out the retained earnings of bplant is 1.3bil as opposed to jtiasa of 0.3bil, suggesting while bplant is generous in distributing dividend, it also reinvest a lot of its past gains, being from plantation business or land sales back into its business, by buying more plantation land… btw… Calvin, do keep up the good work by raising awareness on undervalued stocks…

Posted by donnybelowski > 2022-02-22 01:59 | Report Abuse

Jual. Next quarter production drop a lot. U can see from monthly data at Bursa.

Posted by okdoke > 2022-02-22 02:42 | Report Abuse

production drop more than offset by higher price for CPO $5,044 ( FY 2021 is $4,341) ie additional RM700 per metric ton of CPO

Posted by 888STOCK888 > 2022-02-22 03:20 | Report Abuse

The dividend is better than Maybank IB forecast, let's see what's Maybank new TP for BPLANT, 1.38? =)

Posted by Abba84 > 2022-02-22 05:00 | Report Abuse

Not 2 belittle BPl.QTR it made 11 billions revenue -232 millions in profits vs 6 bllions of revenue by KLK but with profits of 677Millions !

Posted by calvintaneng > 2022-02-22 05:32 | Report Abuse

Next quarter the Dividend will include A Big Bonanza from Kulai land disposal

There is an urgent unlocking of Value in Bplant due to Boustead the ultimate holding company needing liquid Cash to function because of its very high debt

Our firm conviction: it is only a matter of time Bplant will cross Rm1.00. Then Rm1.50 and Rm2.00 target prices eventually

Posted by Ayambrand > 2022-02-22 05:41 | Report Abuse

Wow,early bird,may bplant toward success

Posted by brianklc > 2022-02-22 06:59 | Report Abuse

Hmmm… I will stop responding to those provocateur ya… it is a traditionally seasonal trend that Q1 is a low production Qtr for plantation company due to rain in the previous month and Feb is a short month. That is what drove price of CPO up. Period.

Posted by brianklc > 2022-02-22 07:03 | Report Abuse

https://www.thestar.com.my/news/world/2022/02/22/putin-orders-russian-peacekeepers-to-eastern-ukraine039s-two-breakaway-regions

Posted by brianklc > 2022-02-22 07:09 | Report Abuse

Technically, Russia have moved into Ukraine…

Posted by JKing > 2022-02-22 09:06 | Report Abuse

Land sale proceed is to pay off loan as per the prospectus. However quarterly operating cashflow is 150mil per quarter at CPO price 5k.
Now is 6k and with quarterly production of 40,000 ton, it is an extra 40mil cash and profit in 2022. Plus 3mil interest saving on loan repayment from land sale offset with 10mil extra makmur tax, it is still generating 180mil free cashflow per quarter or equal to 8 cent per quarter. This is super cycle

Posted by JKing > 2022-02-22 09:08 | Report Abuse

With the pay down of loan from land sale, borrowing will be at comfortable level and that mean Bplant can afford to pay 6-8 cent dividend per quarter from it operation cashflow. I see high possibility it will frank high dividend as Boustead holding need cash

Posted by brianklc > 2022-02-22 09:51 | Report Abuse

Crude oil and soy have moved… let’s see CPO later

Posted by Johnzhang > 2022-02-22 10:09 | Report Abuse

No need to expect CPO keep going up. Plantations will make a new record amount of profit even if average price of $5,000 is achieved for 2022. Let's be realistic and don't over react to the day-to-day or week-to-week CPO price movement.

Posted by qinvestor > 2022-02-22 10:30 | Report Abuse

Does BPLANT operating cost includes Palm Oil tax, cess, levy and duty?

Posted by gemfinder > 2022-02-22 10:35 |

Post removed.Why?

Posted by Plantermen > 2022-02-22 10:46 | Report Abuse

cost of productions relates to labour, fertilisers, mainteance, cost of sales and excludes EBIT { earnings before interest and taxes} this is to reflect the actual performance of a company core operations without adding the costs of capital and taxes etc And computation of sales tax, state taxes, capital allowance for immature and new plantings & windfall tax differ between East Malaysia states and Peninsular

Posted by 888STOCK888 > 2022-02-22 11:12 | Report Abuse

If you know next quarter net profit is going to be 3 times more than this quarter due to the land sale, what will be the share price?

Posted by 888STOCK888 > 2022-02-22 11:18 | Report Abuse

Maybank only raise TP to 1.03....what a BS IB

Posted by calvintaneng > 2022-02-22 11:25 | Report Abuse

Excellent

On this day of 22.02.22

Bplant is the first to reach Rm1.00 target price chun Chun

Next will be Rm1.50

Then Rm2.00

Hold tight till all goals reached eventually

After bplant Thplant and Jtiasa will follow

Posted by GreatGreatech > 2022-02-22 11:29 | Report Abuse

Wow! Really wished i had bought more

Posted by huatallplant > 2022-02-22 12:03 | Report Abuse

googogogoogogo huat arrrrrrrrrrrrrrrrrrrrrrrrr

Posted by powerup89 > 2022-02-22 12:09 | Report Abuse

Ini macam kasi hantam ooo...ade dividen cantik ....huat chai

Posted by bulldog > 2022-02-22 12:10 | Report Abuse

Thanks all

Meet bulldog target price.. switching all capital to TDM

Huat chaiii

Posted by Sales > 2022-02-22 12:11 | Report Abuse

Congrats!

Posted by gemfinder > 2022-02-22 12:15 |

Post removed.Why?

Posted by Donator > 2022-02-22 12:35 | Report Abuse

congrat all... i quit too early...TT

Posted by kelvin61 > 2022-02-22 13:44 | Report Abuse

Q1 2022 will consolidate profit from sale of estate land and the higher profit anticipated. EPS may be close to 20 sen, 14 sen from land sale profit and 5 - 6 sen from net operating profit. Hold tightly for bumper dividends over 4 quarters in 2022, cheers.

Posted by junclj > 2022-02-22 14:12 | Report Abuse

bplant target price is RM2??? GMMA is still showing very strong uptrend position.

Posted by oldchinaman > 2022-02-22 14:17 | Report Abuse

ITCHYLEG Added another 200k Bplant CB @ 32c

NO FXXK NO FUN
NO RISK NO GAIN
21/02/2022 11:21 AM

Smart CWS player

Posted by Sslee > 2022-02-22 14:37 | Report Abuse

Know what will be Bplant plantation land in Peninsular Malaysia worth?
Location Hectares Description Tenure
Age o f buildings (Years) Bookvalue Year of acquisition/ revaluation*

Peninsular Malaysia
Batu Pekaka Estate, Kuala Ketil, Kedah
968.7 Oil palm estate Freehold 45.8 2016*
Kuala Muda Estate (50% interest), Sungai Petani, Kedah
759.8 Oil palm estate Freehold 26.8 2016*
Stothard Estate, Kuala Ketil, Kedah
983.1 Oil palm estate Freehold 42.6 2016*
Kedah Oil Palms Estate, Kulim, Kedah
243.0 Oil palm estate Freehold 22.3 2016*
Bukit Mertajam Estate, Kulim, Kedah
2,164.8 Oil palm estate Freehold 142.1 2016*
Malakoff Estate, Tasek Glugor, Pulau Pinang
562.3 Oil palm estate Freehold 63.9 2016*
Taiping Rubber Plantation Estate, Trong, Perak
1,347.8 Oil palm estate & palm oil mill Freehold 19 72.9 2016*
Malaya Estate, Selama, Perak 906.5 Oil palm estate Freehold 44.5 2016*
Lepan Kabu Estate, Kuala Pahi, Kelantan
2,034.6 Oil palm estate Freehold 80.9 2016*
Solandra Estate, Kemaman, Terengganu
395.9 Oil palm estate 1984-2054 4.5 2016*
Ladang Tabung Tentera Terengganu (LTT-Terengganu),Kemaman, Terengganu
1,810.7 Oil palm estate 1984-2054 46.3 2016*
Sungai Jernih Estate, Pekan, Pahang
2,695.7 Oil palm estate & palm oil mill 1981-2091 29 113.1 2016*
Bebar Estate, Muadzam Shah, Pahang
2,340.6 Oil palm estate 1984-2083 111.6 2016*
Balau Estate, Semenyih, Selangor
247.4 Oil palm estate & molecular laboratory Freehold 13 280.0 2016*
Bekoh Estate, Tangkak, Johor 1,226.1 Oil palm estate Freehold 71.7 2016*
Eldred Estate, Bekok, Johor 1,799.7 Oil palm estate Freehold 92.3 2016*
Kulai Young Estate, Kulai, Johor 670.6 Oil palm estate Freehold 65.1 2016*
Chamek Estate, Kluang, Johor 814.6 Oil palm estate Freehold 55.5 2016*
Telok Sengat Estate, Kota Tinggi, Johor
3,690.1 Oil palm estate & palm oil mill Freehold 34 262.1 2016*

Posted by Plantermen > 2022-02-22 14:40 | Report Abuse

Bplant sitting on a goldmine { Prai, Taiping, Johor estates}

Posted by Johnzhang > 2022-02-22 14:47 | Report Abuse

A lot more valuable development land to monetize progressively.
Just lock up my Bplant share and revisit in 6 months time . That’s my strategy to allow time for it ‘mature’.