Inside Bplant’s estates this morning,
Cricket is not chirping
Cow is not mooing
Something brewing?
Hahaha….

Didn’t you hear cow mooing? Hehehe….

Oh Mr Brian, any prize for convincing a cow like you ? Hehehe….
I am just stating my opinion in a public forum .

The chartist may say price consolidation today ! But it may well be testing new high today!
Don’t take the charts as gospel. It is highly manipulated for you to see .

Brian, chart is for short term traders who hope to pocket small gain from trading . It is useless for long term investor . I wonder how the chart can tell you an impending M&A or any corporate excercise .

Dick, I am hoping for 60 sen lah . Hahaha

Don’t be fooled by technical charts which are often ‘manipulated’ by powerful operators for man on the street to believe . Chart can only be trading guide in an efficient market and in stock and market with good liquidity. For Bursa , I have my big big reservation.
Just my view !

In an efficient market, stock price should price in future potential or future earnings of the stock . On this basis, over $1.00 price is within reach soon!

If you think the best proposal is only $1.20, $1.30 or $1.50 , you better dump your stock now ! Boustead/LTAT will not accept such low offer and hence no deal !
I think a price over $2.00 is only palatable to LTAT.

I have no doubt market operators (or syndicates as you like to call them ) are in action. Why Bplant, a plantation stock that had never been in the limelight of operators? It’s on the back of an impending M&A! Operators possess information about the deal .

If you believe stock market is forward looking, wCE should worth many times more now even if calculated at present value. Traffic volume grows over the years .

Brianklc, I am not saying the successful acquirer must be YTL. It can also be others .
You got to think of the unthinkable!

Brianklc, YTL can divest the ‘excess ‘ land to plantation companies , property developers or industrial user based on the suitability of the lands and eventually make a lot of gains. YTL has very deep pockets.

1/3 of the 30 top gainers are plantation counters! It’s plantation stock driving the gain .

rohank71, what make you think that I am joking ? Haha 😆

Very bullish outlook for CPO. This itself is enough to justify Bplant’s valuation to $1.20.
Acquirer will ultimately pay more .

Malaysian palm oil futures jumped more than 4.5% to around MYR 3,950 per tonne, rising for the third straight session while approaching their highest level in three months, due to a rally in rival soyoil on concerns over smaller US planting and inventories. The US Department of Agriculture Friday reported much lower-than-expected 2023 soy plantings and June 1st stocks. Meantime, Russia’s envoy to the United Nations in Geneva said there were no grounds to maintain the “status quo” of the Black Sea grain deal that is set to expire on July 18th, according to the Russian news outlet Izvestia said. On the supply side, exports of Malaysian palm oil products for June fell 6.9%, cargo surveyor Intertek Testing Services reported. Another cargo surveyor, AmSpec Agri Malaysia, said exports rose 0.6%. Meantime, Indonesia plans to raise its mandatory palm oil-based biodiesel blending to 40% in the next few years after increasing it from 30% to 35% in February. .

Very bullish outlook for CPO !

Malaysian palm oil futures jumped more than 4.5% to around MYR 3,950 per tonne, rising for the third straight session while approaching their highest level in three months, due to a rally in rival soyoil on concerns over smaller US planting and inventories. The US Department of Agriculture Friday reported much lower-than-expected 2023 soy plantings and June 1st stocks. Meantime, Russia’s envoy to the United Nations in Geneva said there were no grounds to maintain the “status quo” of the Black Sea grain deal that is set to expire on July 18th, according to the Russian news outlet Izvestia said. On the supply side, exports of Malaysian palm oil products for June fell 6.9%, cargo surveyor Intertek Testing Services reported. Another cargo surveyor, AmSpec Agri Malaysia, said exports rose 0.6%. Meantime, Indonesia plans to raise its mandatory palm oil-based biodiesel blending to 40% in the next few years after increasing it from 30% to 35% in February. .

High chance to close at 63sen today. My TP $1.00 by year end may come much earlier.

Rumor that LTAT is negotiating with the highest proposer for $2.10 per share . Haha…

Blackrock88’s rumor caused the price to spike this morning. Haha..

I hear it is nothing less than $2.00 . Haha

Very good chance to reach $0.60 by Friday.

As buying interest fizzles out , share price will face pressure again.

@Sslee, I hope what you said comes true . I have the time to wait but boustead/LTAT have no time to wait for more than 1 year . Haha

By year end when 4 more sections are opening to traffic , it will be $1.00 stock.
Based on the actual performance of existing sections already opened, traffic volume is expected to grow rapidly and enable WCE to be profitable in very early years of full completion. Just look at how congested is PLUS N-S highway!
$1.50 when it start to paying maiden dividend.

Zhuge, when I said I am also waiting for $0.60 is merely echoing someone’s call . Not serious about it . Haha….. . You must read between the lines .

Retailers who don’t have patience to wait for 1-2 months for the deal to be wrapped up shouldn’t touch this stock . Market operators will continue manipulate until the deal is announced.

Weigh the risk and reward. You will know how to make a decision.

Asked to comment, Boustead declined to respond to The Edge’s queries.

The Edge report it again on 26/6/2023!

https://newswav.com/A2306_wQ6MQd?s=A_jZGR0Yv

I am also waiting for price to drop to $0.60 .

The market operators continue to play and prey on retailers until the deal is firmed up .

Clearly so . As a result, no idss volume and very low rss volume done today.
I am ready to add some when the price is being pushed down .

Privatization offer by SU will come like a thief in the night without warning.

$1.50 will come when the company start paying dividend in a few years after fully opened . I am prepared to wait and it’s worth waiting for .

@miracle_trader, Agreed . Either way it works for me . Present share price is way to low to take profit.
The situation remains that LTAT needs to sell assets to raise a large sum as over $2 bil of loan due for repayment next year . LTAT’s intention to sell Bplant is real . The remaining factors are price and timing.

Amongst the bidders , I think YTL will emerge as winner with substantially higher bid .
YTL bought 664 ha for $428 mil or whopping $646k per ha for RE business ( I guess RE business is very profitable to afford such high land cost) .
YTL is in position to benefit from cheap Bplant’s land for industrial use such as RE.
Assuming YTL pays $2.50 per Bplant share , the total consideration will be about $5.5 bil.
This $5.5bil is just equal to 8,514 ha of land at the same price paid last year (ie 646k/ha). And the balance 89 k ha of land is as good as free.
YTL has deep pocket with $13.5 bil in FD and cash in balance sheet. YTL may also join hand with a plantation company to win the deal and subsequently split the land for oil palm and RE respective in a win win deal .
I am more optimistic for the price to be above $1.50 some suggested.
Above just for discussion.

Bplant’s total land is 97.4 k ha.

@Valueinvestor888, Boustead is fully owned by LTAT. The disposal is driven by LTAT. I think LTAT has got the necessary ministries blessing before starting the process. Any approval is mere formality.

Yes ! Green now. After panic sell , panic retailers may go in to buy again soon.

Again, panic retailers got preyed by the market operators .

May close green today .

Today looks like a gang fight. Fight between operator A and operator B. Both operators are preying on retailers especially the weak one .
Hahaha

There may be a couple rounds of play up and press down leading to the final announcement of the deal. Be ready to take calculated risk .

The 2nd announcement simply said there is no agreement yet .

Just my interpretation.

The Edge never said an agreement is reached to sell Bplant.
The Edge only said Boustead is PREPARING to sell and invited proposals from a numbers of companies 2 weeks ago.
Their 2 clarifications to Bursa on the same day do not clarify anything reported by The Edge.

If an Agreement has been reached, there is no need to clear the air.

The big contrast in the clarification on similar matter. Why can’t they be just explicit in the announcement as they did on 16/6 on the speculative BHPetrol disposal?

They are very careful on what to say -“ not aware of any agreement “ . Of course NO agreement yet .
—————————————-

MEDIA STATEMENT CLARIFICATION ON THE SALE OF BHPETROL
KUALA LUMPUR, 15 JUNE 2023 – Boustead Holdings Berhad (“BHB” or “the Group”) refers to the speculative news articles on the sale of Boustead Petroleum Marketing Sdn. Bhd., also known as BHPetrol.
We wish to provide clarifications on the speculation based on unnamed sources in the article.
It must be stressed that we have not had any material discussion to date on this matter and have not appointed any adviser for the reported potential corporate transaction as alleged.
We also wish to clarify that the Group has not made any share purchase from the other shareholders of BHPetrol nor has it made any prior announcements on the matter.

TheChosenTwo, May I suggest you save your breath. It’s getting nowhere.

There is action behind the scene to check the price from rising too quickly and too high . The bid price and subsequent mandatory GO must appear to look very good mah…..