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Overview
Financial Highlight
HeadlinesBusiness Background Genting Plantations Bhd operates oil palm plantations in Asia and has several oil mills to help with production. The chemicals extracted from the plantations can be used for multiple end-products, including lubricants, detergents, and other substances. Also, Genting Plantations developed properties to take advantage of its access to land. The developments have offered a mix of residential and commercial uses, and complete townships have been constructed with multiple amenities. The company also invests in the biotechnology industry. The investment focuses on techniques to improve yields and profitability of oil palm plantations.
  Fabien _the efficient capital allocator Very interesting discovery by the Maybank IB team. 16,908 ha freehold land worth more than its mkt cap GENP is one of the largest freehold land owner in Peninsular Malaysia (PM) with 16,908 ha, with 61% located in Johor, 18% in Malacca & Negeri Sembilan, 18% in Kedah & Perak, and 3% in Selangor (ie. Sepang). GENP continues to carry these valuable assets at their book values. As these lands were amassed progressively since 1981, and strategically located on highly populated areas of the west coast of PM, we estimate these freehold land to be worth MYR7.25b or 1.5x GENP’s current market cap. Its 10,397 ha Johor land is worth MYR5,656m GENP has remaining 10,397 ha of freehold land in Johor, of which 2,555 ha (or 6,311 acres) are located in the Iskandar region, making GENP one of the largest landowner in Iskandar. GENP has two active township projects in Johor - at Kulai and Batu Pahat. Since the 1990s, GENP has been monetising some of its prime estate land via property developments. Its freehold landbank offers good inflationary hedge GENP has focused on aggressively growing its oil palm planted area from 48,710 ha in 2003 to 138,301 ha in 2022, translating to a CAGR of 5.4%. As land values in Malaysia appreciate, most of GENP’s oil palm expansion over the last two decades shifted to Indonesia. Naturally, the oil palm division is the larger profit contributor, accounting for 67%-95% of its yearly group core PBIT over the past 10 years, with the balance contributed by the property division. In the past, the property division has helped to weather the earnings of the group during periods of low oil palm profits. 30/10/2023 8:22 PM  James_Bond Congrats my fellow comrades for buying GenP at extremely low price and r laughing to the bank! Cheers! 03/11/2023 9:55 AM ElizaWong Maybank upgraded GENP to a "buy" by the way ... Its major shareholders are parent company Genting Bhd (55.4%), Employees Provident Fund (12.6%) and Kumpulan Wang Persaraan (7.5%) 14/11/2023 3:18 PM Dehcomic01 From a fundamental perspective, the ROE of Genting Planation falls below that of my reference Bursa Plantation company – KLK. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html I would even rate Genting Plantation performance as no better than that of BPlant. https://i.postimg.cc/J0xkmVPL/Genting-Plantation.png The interesting think for the punters is that the share price of ROE of Genting Plantation is moving in the opposite direction of the improvement in the ROE. If you believe in the Efficient Market Hypothesis, you would expect the share price to eventually reflect the business performance. Is this a counter to speculate? 18/11/2023 8:31 AM James_Bond Calculated ROE 15+% from the latest QR! Expecting GenP to go back to NTA and above! 23/11/2023 2:31 PM James_Bond Congrats comrades for following me to buy dirt cheap low price below 5.20! Cheers! 07/12/2023 11:17 AM James_Bond Be informed that I wil be taking profit slowly… Merry Christmas, my comrades! Cheers! 19/12/2023 4:25 PM Fabien _the efficient capital allocator Johor theme in play. GENP is a laggard. They have more than 10,000 hectare of freehold land in Johor (Batu Pahat, Kulai, Air Itam, Simpang Renggam). 03/01/2024 5:00 PM James_Bond Congrats my comrades! I hv sold 90%, keeping 10% and let profit runs… haha.. 11/01/2024 5:35 PM dompeilee dompeilee Averaged down on the 100 GenP shrs I bought to collect AGM gifts in 2017...@ $5.42 2023-09-01 10:42 🤗🤗🤗 11/01/2024 7:44 PM Fabien _the efficient capital allocator 2018: EPS 20.5 sen (SPr: 9.06 to 10.72) 2019: EPS 16.6 sen (SPr: 9.36 to 10.80) 2020: EPS 28.4 sen (SPr: 8.50 to 10.80) 2021: EPS 48.2 sen (SPr: 6.46 to 9.93) 2022: EPS 52.5 sen (SPr: 5.55 to 9.58) Pre-covid, GENP trades at RM9 to RM10+ Last 2 years, GENP record profit, however valuation multiple was much lower due to high interest rate environment. As rates are anticipated to moderate lower, expect PE multiple re-rating. 14/01/2024 6:58 PM Fabien _the efficient capital allocator Their sizeable landbank is valued at more than RM5billion. 16/01/2024 10:56 AM Fabien _the efficient capital allocator Despite market weakness this week, GENP is holding up well. 17/01/2024 8:58 PM Fabien _the efficient capital allocator welcome @hng33 you are here means we can further ride the upside. what's your trading plan? 23/01/2024 12:02 AM ElizaWong Ouch ... India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says at KL conference https://theedgemalaysia.com/node/703328 04/03/2024 4:24 PM ElizaWong https://www.nst.com.my/business/insight/2024/03/1023959/higher-export-revenue-%C2%A0oil-palm-sector-year That's why EPF was collecting it recently 🙂 12/03/2024 10:50 AM  Michael Kwok Buy call 6 22 or lower Tp 7.50. Who say it will down. 25/3/24 9.50pm 25/03/2024 9:50 PM ElizaWong Bullish outlook seen for Malaysian crude palm oil futures https://www.businesstimes.com.sg/companies-markets/bullish-outlook-seen-malaysian-crude-palm-oil-futures 09/04/2024 5:07 PM ElizaWong Genting Plantations expects demand for palm products to advance in 2024 https://www.thestar.com.my/business/business-news/2024/04/19/genting-plantations-expects-demand-for-palm-products-to-advance-in-2024 23/04/2024 6:24 PM AlfI3 No eye see on plantation ctrs, it against w d world economy recovering plan. Really a sad news 10/07/2024 8:05 AM AlfI3 Johor plantation IPO debut oso a "disappointing & under weight" Outlook determination! 10/07/2024 8:07 AM DonovanTingQY Genting Plantations’ Jakarta land acquisition positive for property development https://theedgemalaysia.com/node/719976 25/07/2024 9:24 AM  | |
