In year 2008-2009 the highest CPO price achieved was at MYR $4,150 per tonne. Anything above $4,000 per tonne is deem as super or superb abnormal profit level for the planter's. Now we can understand why a few listed companies was completely taken surprised by the bullish of the market { to lock in all their forward sales against their production } certainly not BPlant or HSP. The average traded price for May CPO is at $ 6,873 per tonne {highest for the past 5 months} Jan. $ 5,354 Feb $5,930 Mar. $ 6,867 Apr $6,249
Yesterday physical CPO was reported and trade between a high of $6,700 and a low of 6,560 per tonne for June and July deliveries
Common for physical traders to buy and sell 2-3 months CPO forward delivery position. Trades reported to MPOB on 1st June {yesterday} cover June delivery and July delivery month. All cpo trades are required by law for registration with the MPOB board.
Same goes for Indonesia. Gapki is the Indonesia Board similar to our MPOB board. According to news report Indonesia has issued permits to 18 companies for the export of RBD palm oil {88,000 tonnes} and palm olein {90,000 tonnes} . But none for crude palm oil shipment. Shipment & vessel dates normally differs and varies between Europe { Rotterdam} and India Sub Continent port of calls. Currently port congestion, tight shipment schedule and limited vessel calling is a norm.
What is the key diff in ownership & management between Bplant V Jtiasa leh ? Bplant reward its shareholders by distributing reasonable dividend whereas Jtiasa siphoned cash & profit for its own major shareholder profit mah!
In other words even if Jtiasa going to make good profits, they are not going to share any with u loh!
On the other hand, u can rely on Bplant for its good corporate governance mah! And right now Bplant is actually making more monies than Jtiasa loh!
Certain listed companies have a bad habit of hoarding excess cash and instead not paying any dividends or only peanuts to their minorities. Instead they used the monies and siphon off to other business which they have proposed .they keep forgetting that the monies earned from the existing business should be earmark and shares with their shareholders.
Recent dividend announcement Bplant. 7.3 sen, Innoprise 6.0 sen, KM loong 5.0 sen, HSPlant 0 sen, Genplant 4.0 sen, SOP 6.0 sen, just a snapshot on the plantation. Look at their prices and yield. Not a buy call just my own view.
Very True loh! General Raider use to be poor loh! I was a despatched boy just earning Rm 180 per mth loh!
Thru hardword & abit of intelligent to capitalize on opportunity thru business and invest my savings diligently & prudently....Raider manage accumulate a good amount of wealth sufficiently thru investment and today if raider retire....should be able retire comfortably loh!
Yes no one should be poor loh!
If they are hardworking & look out for opportunity & manage their savings prudently loh!
Posted by chowwei > 1 day ago | Report Abuse
If You Born Poor It's Not Your Mistake, But If You Die Poor It's Your Mistake, ---> Bill Gates <---
Apparently the export process in Indonesia is slow. Hence expect oil palm companies with Indonesia exposure to have less than ideal Q2 results. Whereas those that are 100% Malaysian will be benefiting from higher production and higher CPO average price in Q2.
Boustead plant has another potential plantation land for massive property dev land for sale near batu kawan penang and a rough estimate....it is value close to Rm 2b....a very massive gain for Bplant if dispose loh!
Buy Bplant for long term. Expect trading to be choppy. Agri business is stable and good investment. High commodities prices and food prices are the new norm
hahahahaha how are you all haters in denial mode? holding for more than 2 months now, green or red? kikikiki dividend is just illusion, left pocket out right pocket in, but dumb holders feel happy wakakaka.
If I remember correctly BPlant paid dividends every qtr in 2021. April, Jun ,Sep and Dec resp. For 2022 Bplant paid 4sen in Mar & coming Jun 7.3sen. wait for their Dividend announcement come Sep & Dec
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....
OnTime
2,188 posts
Posted by OnTime > 2022-06-02 13:27 | Report Abuse
I am happy for rm6k per ton for the rest of 2022