KLSE: SOP (5126)       SARAWAK OIL PALMS BHD MAIN : Plantations
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Ann. Date Ex Date Payment Date Type Subject Amount View
28-Apr-2017 28-Jun-2017 21-Jul-2017 DIVIDEND First and Final Dividend RM 0.05 Dividend Detail
01-Nov-2016 11-Nov-2016 15-Nov-2016 RIGHTS_ISSUE Rights Issue 2 : 7 Dividend Detail
29-Apr-2016 28-Jun-2016 22-Jul-2016 DIVIDEND First and Final Dividend 5.0000% Dividend Detail
04-Jun-2015 26-Jun-2015 23-Jul-2015 DIVIDEND First and Final Dividend 5.0000% Dividend Detail
05-Jun-2014 26-Jun-2014 23-Jul-2014 DIVIDEND First and Final Dividend 5% Dividend Detail
04-Jun-2013 26-Jun-2013 23-Jul-2013 DIVIDEND First and Final Dividend 6% Dividend Detail
04-Jun-2012 27-Jun-2012 23-Jul-2012 DIVIDEND First and Final Dividend 5% Dividend Detail
03-Jun-2011 28-Jun-2011 22-Jul-2011 DIVIDEND First and Final Dividend 4% Dividend Detail
03-Jun-2010 28-Jun-2010 22-Jul-2010 DIVIDEND First and Final Dividend 3% Dividend Detail
03-Jun-2009 26-Jun-2009 22-Jul-2009 DIVIDEND First and Final Dividend 3% Dividend Detail
12-Aug-2008 26-Aug-2008 28-Aug-2008 BONUS_ISSUE Bonus Issue 1 : 1 Dividend Detail
04-Jun-2008 26-Jun-2008 22-Jul-2008 DIVIDEND First and Final Dividend 6% Dividend Detail
19-Feb-2008 29-Feb-2008 04-Mar-2008 RIGHTS_ISSUE Rights Issue 3 : 10 Dividend Detail
25-May-2007 22-Jun-2007 16-Jul-2007 DIVIDEND First and Final Dividend 5% Dividend Detail
06-May-2006 06-Jun-2006 28-Jun-2006 DIVIDEND First and Final Dividend 2.5% Dividend Detail
10-Nov-2005 25-Nov-2005 29-Nov-2005 RIGHTS_ISSUE Rights Issue 2 : 4 Dividend Detail
02-Jun-2005 12-Jul-2005 28-Jul-2005 DIVIDEND First and Final Dividend 5% Dividend Detail
02-Jun-2004 12-Jul-2004 28-Jul-2004 DIVIDEND First and Final Dividend 5% Dividend Detail
28-May-2003 10-Jul-2003 28-Jul-2003 DIVIDEND First and Final Dividend 5% Dividend Detail
24-May-2002 20-Jun-2002 18-Jul-2002 DIVIDEND First and Final Dividend 3% Dividend Detail
23-May-2001 19-Jun-2001 18-Jul-2001 DIVIDEND First and Final Dividend 5% Dividend Detail
28-Apr-2000 31-May-2000 03-Jul-2000 DIVIDEND First and Final Dividend 5% Dividend Detail
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enning22 Oilseeds market

Oilseeds markets edge higher
The surprise drop in the US soybean yield projection, plus concerns over dryness in Brazil, allowed markets to edge higher, triggering fund buying in the process.
Although funds have almost doubled their long position as of October 19, an improvement in the Brazilian forecast bringing much needed rainfall has pulled soy markets off the recent highs.
Strength had also surfaced from strong export demand, especially from China, where local crush margins remain favourable for bean imports, put at 93.5m tonnes for the season, 1m tonnes above the current US Department of Agriculture projection.
Despite a weaker euro and Brussels citing crop EU planting issues, mainly in the north due to excess rains, MATIF rapeseed has only posted minimal gains, while talk of higher Canadian canola production has seen their market unchanged, but higher in the deferred positions.

Asian markets have been mixed, with beans and meal lower, but oil higher, following the recent surge in veg-oil prices. Malaysian palm oil is currently trading at a five-week high on strong demand.
The market will now focus on the upcoming November USDA crop report, and the soybean yield. US farmers have been pushing on with harvest, reported this week at 70% complete, as the forecast looks to bring cooler weather into the mid-west.

Reports that later planted beans are resulting in yields lower than expected may trim the crop further, and with the likelihood that higher Chinese imports could mean higher US exports, another tightening of the US 2017-18 balance sheet cannot be ruled out.
29/10/2017 04:38
limch 4.35 new 52 week high. More upside to come with CPO surging?
30/10/2017 10:57
luckypunting edging up steadily towards SIX RINGGIT! :p
30/10/2017 11:42
limch RM 5 in 2017? Only 2 months left to jump further 65 sen.
30/10/2017 11:49
Khoojack 李深静预测 原棕油可达RM3,300


目前原棕油价格是每公吨RM2,750 至 RM2,800之间。


丹斯里李深静是IOI集团(IOICORP 1961)执行主席,IOI集团是我国油棕种植面积最大的公司之一。
30/10/2017 17:05
rlch 4.5. Hopefully can match or better KM Loong price.
31/10/2017 10:56
rlch Looking at the rise RM 5 can come even in few days?
31/10/2017 11:55
rlch U Malacca price in 1-2 month? Sime Darby price possible if GLCs' buy?
31/10/2017 11:56
enning22 SOP should be far far better then KMLoong, anyway KMloong is giving 9 sen interim dividen currently.
31/10/2017 12:00
rlch Not SOP cannot give good dividend but interest expense will rise and later earnings drop.
31/10/2017 12:05
rlch Even Lotte fetch RM 5+ not paying a single sen dividend yet.
31/10/2017 12:07
rlch Sure SOP can give better dividend in future if earnings keep rising.
31/10/2017 12:11
rlch Possible EPS 50 sen in 2017? TP RM 8-10?
31/10/2017 12:13
rlch Must compare IOI, KLK PE quite fair to see how high can SOP go.
31/10/2017 12:15
sarawakian63 4.6 not enough. RM 5 better come before GE 14.
31/10/2017 16:10
desmondcsh my god. everyday up. 1 100 lot u also earn alot liao
31/10/2017 16:28
rlch Hopefully is temporary profit taking. More and more QR just out eg Gtronic, Perstima, etc; SOP still better at lower PE.
01/11/2017 10:11
enning22 Weather will be key as the palm oil industry gathers in Bali
November 01, 2017 10:13 am MYT
KUALA LUMPUR (Nov 1): Some of the world’s biggest palm oil players will meet in Indonesia this week and just like two years ago, the weather will be a hot topic. But instead of the scorch of El Nino, this year the focus is on La Nina.

The conference will feature predictions from industry heavyweights Dorab Mistry of Godrej International Ltd, LMC International Ltd’s Chairman James Fry and Oil World Executive Director Thomas Mielke. Here are the key topics to watch for:

The Long-Awaited Rebound

It’s been a year of two halves for palm oil. After slumping in the first half, futures have rebounded as a much-anticipated recovery in production missed expectations. The shortfall is especially apparent in No. 2 producer Malaysia where output in the second half, typically a high season, has also been stymied by a shortage of plantation workers.

Still, expectations remain that a big supply rebound is on the horizon as plantations finally shake off the lagged effects of the 2015-16 El Nino. Global production may climb by about 6 million tons next year — most of that from Indonesia and Malaysia — and a big question is whether demand will be enough to absorb it, according to Ling Ah Hong, director of plantation consultant Ganling Sdn Bhd.

"The market was caught off-guard when they saw third-quarter production was bad," Ling said. “Next year we’ll see a very strong production of palm. Moving into April and May next year, prices may start to soften if production of palm oil starts to jump and stocks start to climb." He expects prices to ease to average at RM2,500 (US$590) a ton in 2018, more than 10% less than the average of RM2,820 this year.

A Little More Rain

La Nina-induced rain will be good for production because it will ensure sufficient water to trees, said Ling, who has 40 years of experience in the industry. The downside is that it could exacerbate monsoon rains and cause some flooding of low-lying areas. The Malaysian Meteorological Department told Bloomberg a weak La Nina doesn’t cause significant impact to rainfall distributions during the northeast monsoon.

“If the La Nina is just a very mild one, and production of soybean and palm are strong, then we’ll see a more bearish situation," Ling said. "Prices may even drop down to RM2,400 a ton by the end of 2018."

Too Much La Nina Will Rain on the Bear Parade

A stronger La Nina could hurt soybean production in the US and South America, and that’s key to palm oil, its closest substitute.

During the 2011-2012 La Nina, futures surged to a near three-year high of RM3,955 a ton as La Nina withered soy crops in Latin America. At the same time, swathes of plantations in Malaysia’s key-producing states were inundated by flood waters, cutting production to the lowest in four years.

“Heavy rainfall complicates harvesting because you’ll have difficulty of evacuating crops,” said Peter Benjamin, CEO of Malaysian-listed planter United Malacca Bhd. “Too much rainfall will also have an impact on pollination. We’ll have to keep a close watch on the La Nina effect."

Fueling Prices with Biodiesel

The industry will also be watching a decision from the World Trade Organization on eliminating Europe’s anti-dumping barriers on biodiesel, according to Sahat Sinaga, executive director at the Indonesian Vegetable Oil Industry Association. Removing the barriers could increase demand for fatty acid methyl esters and boost biofuel consumption.

Meanwhile, higher crude oil prices could bolster demand for biofuels in the coming months, said Barnabas Gan, an economist at Oversea-Chinese Banking Corp in Singapore.

Less Workers, Less Palm Oil

It’s a problem that’s plaguing the industry. In Malaysia, an estimated 10% of fruit bunches are left to rot each season because of worker shortages. While companies are turning to mechanization, harvesting still requires skilled labor that’s quickly become scarce. Malaysian planters are especially at risk because of their high dependence on foreign laborers, especially from Indonesia which are said to be the best palm oil harvesters in the world. "Now we are looking to Bangladesh and Nepal to bring in workers, but compared to the Indonesians, it takes time for them to adapt to plantation life," United Malacca’s Benjamin said.
01/11/2017 10:30
Myway EPS 2017 should reach about $0.50. At PE of 15X, SOP fetch $7.50.
Also bear in mind that EPS can continue to grow if CPO price go higher and from improving yield from the acquired Shin Yang plantations .
01/11/2017 23:14
enning22 Palm prices could rise to RM2,950/T in January if Brent oil gains: Fry

November 03, 2017 16:00 pm MYT

NUSA DUA, Indonesia (Nov 3): Malaysian crude palm oil (CPO) prices could rise to a high of RM2,950 (US$697) per tonne in January before falling to RM2,600 if oil prices rise until the second quarter of the year, leading analyst James Fry forecast on Friday.

Fry, the chairman of commodities consultancy LMC International, had last forecast in September for Malaysian benchmark prices to fall below RM2,400 per tonne in November and December, as overseas appetite for the commodity falters over the winter period.

"Brent is pulled between Saudi Arabia's desire to raise values before the huge Aramco IPO and US shale oil's response to higher prices," he said, referring to the initial public offering of Saudi Aramco, Saudi Arabia's state-owned oil company.

"If you think the Saudi's will hold sway, at least until 2Q, CPO futures peak at RM2,950 in January and then fall back towards RM2,600," he said at an industry conference in Bali, Indonesia.

With Brent prices at US$60 a barrel, Fry estimates palm oil peaking at over RM2,800 per tonne in January, before falling below RM2,500.

Prices of the tropical oil would drop towards RM2,300 per tonne with oil prices at US$55 a barrel, he added.

Benchmark Bursa Malaysia crude palm oil futures climbed to their highest since Sept. 15 earlier this week, but is down about 9% so far this year.

It was last down 0.6% on Friday evening at RM2,804 a tonne.

Brent crude oil prices rose as high as US$61.70 a barrel on Wednesday, its highest intraday level since July 2015, and was last up 0.2% at US$60.71 a barrel.

Palm oil prices are expected to climb as production growth this year has not come in as much as expected due to the lingering effects of the El Nino.

The El Nino weather pattern in 2015 curtailed palm oil production in Southeast Asia as it brought hot, dry weather to the region that limited palm fruit yields.

Fry later said on the sidelines of the conference that Malaysia's palm oil production could reach nearly 21 million tonnes in 2018.

Indonesian output this year is forecast at nearly 36 million tonnes, said Fry, and could see additional growth of 4 million tonnes in 2018.

"For Indonesia we have an increase of another 4 million tonnes or so from 2017. The recovery is continuing, and a lot of the area planted is maturing, so you add all these things," he said.

Indonesia and Malaysia produce nearly 90% of global palm oil supplies.

(US$1 = RM4.2310)
04/11/2017 00:24
enning22 Goldman Sachs: A Very Bullish Case For Commodities

By Nick Cunningham - Nov 05, 2017, 3:00 PM CST
Trading Screen
The fortunes of oil and gas producers have been dramatically different from metal producers this year. Energy prices have been lackluster, and energy stocks have fared even worse. Meanwhile, prices for a variety of metals have jumped sharply. Taken together, commodity prices broadly are more or less flat, but that obscures the very different performances between energy and metals this year.

According to a recent report from Goldman Sachs, entitled, “Metals Shine as Oil Volatility Dulls,” demand for all sorts of commodities has been very strong in 2017, both energy and metals included. “[A]ll markets are currently facing the best demand backdrop in over a decade with strong global synchronous growth,” Goldman wrote.

With demand strong for both metals and energy, the difference between the two sectors in 2017 has been on the supply side. There has simply been too much oil supply, keeping a lid on prices and depressing the value of energy stocks. Goldman says things have been worse for oil and gas producers than it expected, with the rebound in shale production exceeding forecasts.

But that hasn’t occurred in the market for metals. “Not only is there no shale equivalent in metals, energy faces excess capacity in services which keeps cost in?ation in check. In contrast, metals have less spare capacity and are facing cost in?ation,” Goldman analysts wrote in the October report.

Nevertheless, Goldman laid out a bullish case for the entire commodity sector, including oil. There are several reasons why the investment bank reached this conclusion. The first is based on the “maturing business cycle.” Specifically, we are at a particular point in the business cycle – phase 3 – called the “growth above capacity” phase, which is to say, “where commodities outperform other asset classes and policy makers are forced to put the brakes on growth,” Goldman argued.

The logic is that commodities perform well during periods in which central banks are tightening interest rates. That relationship comes down to the fact that central banks are trying to get a hold on rising prices – directly the result of rising prices for commodities. So, in essence, rising commodities prices force central banks to hike rates. But there is a window when commodity producers are doing really well before the tighter monetary conditions kick in. Industrial metals typically rise by 50 percent during the rate hiking cycle, according to the report. Currently, metals prices have jumped 25 percent, so there is more room to grow.
07/11/2017 01:28
probability enning22..what is your opinion on Taann relative pricing to SOP...is it fair?
09/11/2017 10:45
pakatan_harapan2 EPS 12 sen lousy? BIMB a con with TP RM 5.87?
09/11/2017 15:21
cpo_ CPO up RM 13 to RM 2833.
09/11/2017 15:58
rlch If CPO can rise to RM 3000 like some analyst forecast why must SOP drop? Rising oil not indicate CPO will rise?
10/11/2017 09:27
enning22 @probability , i am not familiar with the price trend in timber market , sorry unable to comment.
10/11/2017 12:02
enning22 BIMB puts the TP at RM 5.87 is reasonable , give abit of time, few months may be , will get there.
10/11/2017 12:39
enning22 for reference
Wilmar profits dip, as Indonesia's biodiesel setbacks bite
13 Nov 2017
by Mike Verdin

Wilmar International unveiled a slightly bigger-than-expected drop in earnings, undermined by factors including a delay to sales from its Australian sugar business, and a drop in Indonesian biodiesel quota.

The Singapore-based agricultural trading giant, in which US major Archer Daniels Midland in August raised its stake to 24.9%, revealed a drop of 5.7% to $370.0m in earnings for the July-to-September quarter, below the $378m figure that investors had expected.

The decline - heralded at the end of last month by ADM, which said that Wilmar’s results had been “lower than anticipated” – defied what Wilmar termed a “robust performance” in oilseeds and grains, in which it reported a 2.3% rise to $253.7m in pre-tax profits.

The division’s gains, on revenues up 16.8% at $5.54bn, reflected “higher crush volume and good crush margins”, said Wilmar, the largest crusher in China, and which claims a global workforce of some 90,000 people.

Sugar sales delays

However, this “good performance” was “offset by weaker results in the tropical oils and sugar businesses”, Wilmar said.

Underlying group earnings fell by 15.9% to $323.7m, said the company, which reported revenues flat at $11.1bn.

Wilmar, which in 2010 paid Aus$15bn for Sucrogen, the sugar business of Sydney-based CSR, reported a 13.05 drop to $75.2m in pre-tax profits from sugar, “due to timing effects from the new Australian sugar marketing programme”.

Under this scheme, a “certain proportion of sugar produced would only be sold in the subsequent quarters”, said the group, which six months ago agreed concessions on sales to end an 18-month dispute with cane growers.

‘Lower processing margins’

In tropical oils – typically by far the biggest earner for the group, which is the world’s top palm oil processor – pre-tax profits tumbled 51% to $83.1m.

While reporting growth in yields and volumes at its own oil palm plantations, “lower processing margins affected the overall performance of the segment”, Wilmar said.

And sales volumes dropped 2.9% to 5.75m tonnes, “mainly due to lower biodiesel quota awarded in Indonesia”, which has seen setbacks from punitive import levies from the European Union and US to its plans to promote the biofuel.

Indonesia is estimated to have more than 11m tonnes in annual output capacity of biodiesel, yet consumes less than 3m tonnes itself, leaving producers largely reliant on exports to maintain volumes and margins.

Quota cut

In fact, Indonesia awarded Wilmar’s Bioenergi Indonesia business 175.3m litres in biodiesel quota to state energy company Pertamina for the May-to-October period, down from 241.4m litres the previous six months.

For the six months starting this month, the quota was lifted to 192.0m litres.

Nonetheless, Kuok Khoon Hang, the Wilmar chairman and chief executive, forecast a “satisfactory” performance for the tropical oils and sugar divisions in the current October-to-December quarter, with the oilseeds and grains business to see its “good performance” continue.

“With good economic performance in key Asian countries, we remain optimistic about the future of Asia,” he added.

The results were released after the close of Singapore’s stock market, where Wilmar shares closed up 0.3% at Sing$3.32.
14/11/2017 07:55
rlch CPO rebound why not SOP?
15/11/2017 16:31
curious2 CPO up why SOP drop?
16/11/2017 11:07
enning22 just weak sentiment in overall malaysian market,there is a need to change of existing government.
16/11/2017 15:13
Khoojack When will announce qtr3 result, high expectation, qrtr3 production volume and CPO all better than qtr2, wish profit can hit 80 milllion above. :D
16/11/2017 16:39
Khoojack October 2017 M.TONNES
FFB 130,861
16/11/2017 20:17
enning22 if we compare SOP with united plantation (UP)whose q3 result just out 2 days ago, profit is 98 millions,

if SOP too can achieve 80-90m for the q3,

what do you think ,the share price should be?

share capital for United Plant is 370m and SOP IS 570M.

and market share value for UP=28.00 RM, and SOP=4.40 RM, very interesting.
17/11/2017 12:58
Khoojack If profit hit 80m above mean eps is around 14cent, I believe q4 also can provide fantasy result. This company 50% plant below age 10 years and 30% plant between 10 to 20 years, mean 80% plants consider young and within next few years should be also high production too. I think this company serious undervalued, dunt worry about share price temporary drop, maybe can change the mindset "that is a good opportunity to collect some more". :p
17/11/2017 15:36
Khoojack United plant share capital 207m, q3 profit 98m, q3 eps 0.47cents, PE 15.75, attractive dividend yield.
Sop share capital 570m, q3 profit "if 80m", then q3 eps 0.14 cents, Ref today share price 4.39 then PE "will 9.75", dividend not so attractive, but in 2008 got bonus issue 1:1.
17/11/2017 18:45
Khoojack Conclusion sop haven't re-rating share price, almost ppl like to chase the uptrend share price, anyway I prefer buy it when is undervalue and wait, invest safe and sleep well. Happy invest, I am not call buy, I just share wat I had seen in this counter value. :D
17/11/2017 19:00
enning22 United plant share capital(000)
2017 --Share capital 390,054

share capital 208,134
Share premium - 181,920

share consider 390m or 208m ?
18/11/2017 14:02
enning22 http://www.unitedplantations.com/Investor/Announcements.asp?CategoryEN=Interim%20Report&Year=2017
18/11/2017 14:03
Khoojack Hi enning 22 , a bit confuse for me, since 2017 the share premium had became a part of share capital, but how come without offer bonus issue, is it on going to process soon. I think still using 208m share capital to calculate then just can get 47cents eps.
18/11/2017 17:08
enning22 INDIA 19,nov 2017, announced to hikes duty on edible oils imports, caused most vegetable oils in world market to tumble.
20/11/2017 16:14
G-boy enning22...i also wonder why SOP profit margin so low compare with Unitedplant~
I didnt go thru the annual report, just thru the figure from platform~

I also bought SOP base on the revenue comparison with other plantation company.
20/11/2017 21:31
G-boy i think only reason why SOP cannot go up very high is the dividend payout.
Once SOP give more than 50% as dividend,i cannot imagine how high the share price could fly.haha
20/11/2017 21:38
Khoojack 莫实得种植(BPLANT,5254)第3季在巨额特别盈利撑场下,净利大起14.7倍,董事局宣布派特别股息之余,亦以5送2比例分送红股。



21/11/2017 21:38
enning22 Unitedplant very old company, since very beginning oilpalm industry first introduced in to malaysia, may be 50-60 years ago.UP's cost of production only 900 ringgit per tonnes,little expenditure other then fertilizerand harvesting cost. read the 2016 annual report. SOP had just bot new plantation, and not fully planted , some plantation acreage still under new plants and some yet to be planted , and so not being fully productive,need time to grow and get mature, any way check the FFB (fresh fruit bunches) has been increasing year to year,q to q.
22/11/2017 14:13
Invest_168 Very Good Prospect Company! Don't miss it! Buy on weakness. Greedy when people fear is the key to win in Stock Market!
22/11/2017 14:28
Khoojack Choose correct counter, invest it, keep cool from market share price up and down. :p
22/11/2017 15:31
enning22 印度大幅上调食用油进口关税,或造成棕榈油进口下滑
粮油信息网  2017/11/22 9:48:21  
  新加坡辉立期货公司驻吉隆坡分析师David Ng称,短期需求将会受到主要的冲击,因为这将会造成价格大幅上涨。不过印度国内的油籽产量无法满足国内的全部需求。
  Ruchi Soya公司总经理Dinesh Shahra称,关税上调可能提振印度国内油籽价格,从而鼓励农户出售油籽,提高油用油籽供应。
  印度炼油协会总经理B.V. Mehta称,全年的进口量不太可能显著变化,因为国内油籽供应有限,而需求旺盛。
  食用油进口商Sunvin集团的总经理Sandeep Bajoria称,本年度印度可能进口1550万吨食用油,低于早先预测的1590万吨。
22/11/2017 16:55
limch Delay QR means more drop? Maybank is not good in defending their promoted ctr. Can recommend other IB?
22/11/2017 20:44
enning22 印度炼油协会总经理B.V. Mehta称,全年的进口量不太可能显著变化,因为国内油籽供应有限,而需求旺盛。 that means india will buy as much as last year,and they see little changes in the total volumn in their import.
22/11/2017 22:57



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