Coming Qtr result will showed Bplant benefited from the Sabah estate land acquisition in early 2018 & 2019. Last 2 financial year drag down by prevailing depressed CPO prices and not forgetting amortization charges. the exact reverse when CPO is substantially higher {now at the $ 3200-3300 } mark
Worry not.. For 2021, it will be great! Soy bean crops can't produce in 2021 in Argentina and Brazil (world largest producer) as they already missed the production window for the year due to the lanina effect. Its not simply any time they can plant and harvest soybean there. It must be planted at year end in order to reap the harvest in the following year.
Agriculture need to follow the crop cycle....
There will be shortage on soy oil supply, and palm being its substitute will experienced increased demand. Both soy and palm oil will go up in price together.
It’s not due to the CEO, it’s due to our new minister of plantation industries and commodities who worked tirelessly to market Malaysia oil palm... hehehe...
For the third quarter of 2020, the Group recorded an unaudited pre-tax profit of RM27.5 million as compared with losses of RM27.7 million for the corresponding quarter last year.
FANTASTIC TURN FROM RM27.7 MIL LOSSES TO RM27.5 MIL IN PROFIT
NEXT QUARTER WILL BE EVEN MORE EXCELLENT WITH CPO NOW CROSSING RM3500 STRONGLY!!
Ironic such good result sud be trading at rm1 at least , So super undervalue . If conmpanies that making huge losses can be rm1 or rm2 or even rm3 why BPlant still so cheap . Mind boggling !!!!!! Believe next q result even better !
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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....
DreamSorcerer
1,146 posts
Posted by DreamSorcerer > 2020-11-21 00:53 | Report Abuse
Still hibernating juga kah