|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Batu Kawan Bhd is a holding company, which through its subsidiaries, harvests palm trees and manufactures and sells rubber and chemical products. The firm organizes itself into three primary segments based on function. The plantations segment, which generates most of Batu Kawan’s revenue, cultivates and processes palm trees and processes the palm trees into both fresh fruit bunches and rubber products. The manufacturing segment sells a variety of chemical-based products including oleochemicals, industrial amides, rubber gloves, and esters. The property development segment engages in the development of commercial and residential property.
  TreeTopView There is nothing wrong with this bus, LM, as long most of the passengers didn't buy overpriced tickets from dubious tourist operators. I doubt if we'll see it speeding along the highway anytime soon , however passengers can check out the scenic views as they are driving around the principality of Liechtenstein to unload luggage once or twice a year. :) 22/09/2022 4:32 PM NatsukoMishima Glove 2.0 ! Later all farmer will sell at net loss cost when ASP drop to below rm 2500 per tonne at year end ! 26/09/2022 1:52 PM NatsukoMishima Glove 2.0 coming , run right now , cut loss to protect capital , dont repeat the same mistake by glove tards , u will be trap by many years ! 28/09/2022 4:03 PM NatsukoMishima Many sin ga like to do calculation , at the end share price plummet also like glove stocks ! 28/09/2022 10:38 PM sheldon Come December - dividend announcement - the bigger of the 2 yearly dividend announcements - get ready to fill up your bank account 21/10/2022 10:59 AM NatsukoMishima https://www.cnbc.com/2022/11/03/gates-backed-c16-biosciences-uses-yeast-to-create-palm-oil-substitute.html 03/11/2022 10:16 PM sheldon I like it very much when management buys back shares - less dividends to pay, better ROE and EPS. 05/12/2022 10:53 PM sheldon Dividend announcement imminent - either today or tomorrow. Hopefully generous. Need to fatten my pocket money. 07/12/2022 10:47 AM PassionateInvestor Pleasantly surprised that dividend still managed to match last year's 10/12/2022 9:44 AM sheldon In the past, the final dividend hovered around 40-45 sen. They've rightfully raised dividends in line with inflation and I belief wised up to the idea that this Co has the capacity to pay handsome dividends to compensate for the shortfall in market price due to lack of trading liquidity. Co being cash rich is good for shareholders but better if the shareholders themselves are cash rich. No strain on the cash flow or reserves to BK in appeasing shareholders but massive goodwill is generated. I hope other cash & reserve-rich companies like Petron can draw lessons from BK. 12/12/2022 10:38 AM lionel messi Share buy back last year was 1.07 mil shares at avg price of RM24.31 as disclosed by its chairman in their latest annual report. Great transparency BK. 04/01/2023 8:28 AM sheldon Barring unforseen circumstances - If it drops to 15, I'd sell every other asset including the kitchen sink and park all my money here, sit back and wait 26/02/2023 10:50 PM moven00 15 is really a tempting price to enter. I won’t throw everything in but definitely will start buying some too. Keep it for good dividend. 05/03/2023 5:56 PM sheldon Again following the acquisition of CCM at excessively high price, KLK like sugar daddy is acquiring Boustead Plantation, a good-for-nothing at a ridiculously high price of 1.55 per share. Note that the highest price this BP had reached over the past 5 years was about 1.15 until today perhaps because somebody got wind of the acquisition, it climbed up to 1.37. 24/08/2023 10:31 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX 2009 .. 56.75 .. 70.57 .. 10.28 2010 .. 45 .. 100.86 .. 16.9 2011 .. 65 .. 155.66 .. 17.46 2012 .. 95 .. 116.13 .. 19 2013 .. 65 .. 112.46 .. 19.6 2014 .. 55 .. 127.11 .. 17.34 2015 .. 60 .. 120.96 .. 17.5 2016 .. 50 .. 147.29 .. 18.4 2017 .. 55 .. 137.97 .. 19.6 2018 .. 60 .. 95.86 .. 16.68 2019 .. 55 .. 92.18 .. 17.44 2020 .. 60 .. 89.79 .. 17.9 2021 .. 60 .. 232.88 .. 22.7 2022 .. 120 .. 280.00P .. 22.3 DPS, EPS and Year End Price are adjusted for capital changes Total cumulative EPS 1599.72 Total Cumulative DPS 901.75 DPO Ratio 56.4% Batu Kawan 13/09/2023 5:36 PM sheldon TQ 3iii. Wouldn't it be reasonable (& nice) if the board pledges a dividend pay out rate of 50% EPS? 13/09/2023 8:32 PM sheldon Good for B. Kawan & KLK that the govt has decided to bear the B. Plant burden. 11/10/2023 3:04 PM sheldon Dear Lord - As you may be aware, dividend announcement is around the corner. Please guide the board's mind with rationality. Tell them that although the EPS may have dropped drastically, the net profit of RM1086m is more than enough to repeat another 90 sen dividend amounting to 354m to your patient shareholders without even touching the brought forward reserves. Do the right thing - we are waiting for this Christmas gift. 07/12/2023 4:54 AM invest8912 The EPS dropping so much for the past few quarters. Even if they pay 90 cents, it's not sustainable. Better switch to Utdplt. 11/12/2023 4:07 PM sheldon While conservative is admirable, being excessively conservative is not. 90sen dividend is indeed sustainable. Assess for yourself against these numbers ... Net Profit 2023 = 1086m Retained earnings (distributable reserve) = 5613m Cash = 2717m 90sen dividend = 354m 12/12/2023 11:04 AM invest8912 How do you get 1086m ? Net profit for 2023 only 235.3m + 120.05m + 82.81m + 52.75m = 490.91m This stock has a lot of reserve but we ikan bilis can only see but can not touch. What's the use ? 12/12/2023 11:36 AM sheldon Ok I stand corrected, it should be attributable to equity holders of the co i.e. 491m. But still it can pay the full 90 sen (354m) or perhaps as a compromise say 80 sen to appease shareholders. There are other companies that are in a worse-off financial position but declare large dividends - shareholders love them hence the share price trade at higher PEs - like Apollo for instance. Management should get out of their comfort zone to manage funds efficiently and ensure that shareholders are happy. 12/12/2023 2:48 PM invest8912 If not mistaken, large portion of the 491m is only paper profit from KLK. Since KLK didn't declare dividend this quarter, BKawan don't really have so much cash to pay dividend unless they use their reserve. This stock earned me the first 100% profit many years ago, at that time the net profit/dividend quite consistent. The past few quarters really disappointing. Luckily found Utdplt recently. 14/12/2023 4:09 PM invest8912 Rough estimate, KLK contributes 2/3 of the net income for Bkawan. So net profit generated by BKawan itself is 163m. 14/12/2023 4:14 PM sheldon Many companies can generate good profits. A main challenge that follows is the conversion of that profits into cash. So perhaps BK & KLK seem to have some difficulties in this. High up in the list of these great companies, should be to appease shareholders either in the form of generous dividends or capital gains. I really like the active share buyback that BK undertakes. That's money well spent. Despite that (albeit on hindsight) they shouldn't have conducted the buybacks when it was lofty during the covid period - a ton of cash vanished. Another major money pit was the huge premium BK paid to acquire Chemical Co of M'sia in exchange for precious cash. Maybe as shareholders we may never know the full rationale for this other than what was officially discussed. Ok I've rambled enough. 15/12/2023 11:57 AM i3gambler Turn out to be BKAWAN to pay Cash Dividend as it sold plantation asset in Kalimantan to KLK. 14/02/2024 5:35 PM  calvintaneng Blog: THE IMMENSE VALUE OF TSH'S 80,000 ACRES PRIME LANDS IN BONGAN, (Only 43.9 KM from TiTik Nol IKN NUSANTARA, By Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-12-story-h-186519186-THE_IMMENSE_VALUE_OF_TSH_S_80_000_ACRES_PRIME_LANDS_IN_BONGAN_Only_43_9 12/03/2024 2:26 AM sheldon BK has been on a share buyback binge again of late. Combined with high CPO prices that it reaps from its main sub KLK, I think that in the near term, it's looking very bullish. 13/03/2024 9:59 AM moven00 Nothing to shout here. I revisit when prices or market crash. Otherwise no incentive or interest to buy. Hahaha 15/04/2024 10:34 PM sheldon Profits bobbing up & down. Prospects vague. Nothing much to shout about. I think the purchase of Chemical Co a few quarters ago at an exhorbitant price is coming home to roost. It is haunting this co and will do so for a long time. 24/05/2024 10:00 AM WilburR2 Bkawan keeps buying back all this time. Will company distribute the buy back shares or cancel them ? 01/10/2024 10:42 AM sheldon Let's hope that the Co will either retain them as treasury shares or cancel them. It needs to neutralise as many shares as possible so as to bump up its EPS. I applaud the continual share buyback measures but I hope it does not over do it until it has no more left in the coffers to pay handsome dividends. 02/10/2024 9:16 AM sheldon With CPO prices going well beyond 4k, will we see some bumper dividends coming our way? 11/10/2024 2:54 AM sheldon Aren't we all excited to see CPO prices going through the roof again? Unfortunately the share price is muted 10/11/2024 3:12 PM  | |
