Todays Star commented Parent HSeng already owns around 70 %. So may take over HSPlant as it is cash rich, to help pare its billions in debts. Moreover, good share.
THESE ARE LONG TERM FUNDAMENTAL SUPPORT FOR PALM OIL
1. PERENIAL DEMAND WHICH IS FOR AS LONG AS HUMAN BEING EXISTS ON PLANET EARTH
A. COOKING OIL ALL HUMANS NEED TO EAT FOOD. PALM OIL IS THE CHEAPEST COOKING OIL USED BY 8 BILLIONS HEAVY USERS OF PALM OIL ARE CHINA, INDIA, PAKISTAN AND OTHERS
AS IN TOOTHPASTE
EVERY MORNING AND NIGHT 8 BILLION PEOPLE NEED TO BRUSH TEETH WITH COLGATE PALM OIL AND OILVE
3. 50% OF ALL CONSUMER GOODS IN SUPERMARKET GOT PALM OIL
ALL THE NEED FOR GREEN ENERGY
INDONESIA BIOFUEL B35 WILL INCREASE TO B100
AT B100 77% OF ALL PALM OIL PRODUCED IN INDONESIA WILL BE USED AS BIOFUEL
ONLY 23% LEFT NOT ENOUGH FOR EXPORT
IN USA THEY NOW GOT TO IMPORT SOYOIL FOR BIOFUEL
SO FROM BOTH FOOD AND FUEL THERE ARE TWIN SUPPORT FOR PALM OIL
AS WORLD POPULATION INCREASES AND PALM OIL LANDS CANNOT INCREASE DEMAND WILL CONTINUE TO OUTSTRIP SUPPLY JUST LIKE FISH IN THE SEA (NOT ENOUGH) AND GETTING EXPENSIVE
SO PALM OIL CAN ONLY GO PAST RM4000, PAST RM5000, PAST RM6000 AGAIN AND ON TO HIGHER PRICES
THAT IS WHY PALM OIL DEMAND IS INELASTIC LIKE WATER
PLUS A PLUS POINT
END OF LIFE USE FOR PALM OIL
THE UNDERLYING LANDS ONE DAY WILL HAVE COMMERCIAL POTENTIAL AND CONVERTED INTO HOUSING, DATA CENTER, SOLAR FARM, INDUSTRIAL PARK, NEW TOWNSHIP AND EVEN NEW CAPITAL CITIES
kelvin_ik4u Plam oil is always like that, start plant require cash/fund/debts to build empire. Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs. This counter will be the next shine palm oil for this year.. it's CAGR 21% compounding for next 3 yrs, now Bumitama just sit and collect money as all it palm tree is 6-7yrs now with FFB nucleus oil >24%, 107% growth vs Q1'FY13. Strongly believe this counter will start give dividents moving forward. Since CPO price is up ard ~RM2700/tan metric, I believe will share price will skyrocket this yr. Target $2.00 before end of this year 2014. 19/05/2014 6:16 PM
Total NPAT for FY' ending 31-12-23 is RM91.369M. Dividend Policy of 60% of NPAT = RM91.369 x 60% = RM54.82M. Dividend per share = RM54.82/800M = RM0.0685. !st Dividend Paid = RM0.0150. 2nd Dividend Payable = RM0.0685 - RM0.0150 = RM0.0535 which is rounded up to RM0.053.
In view of the 40% NPAT amounting to RM36.547M retained as 60% NPAT amounting to RM91.369M to be paid on 27-03-24, the Net Cash position has increased from RM505.921M (FY ending 31-12-22) to RM531.504M (FY ending 31-12-23).
With new FY'2024 continuing with good operating profit provided CPO stays well above RM3,800.00/ton, Hsplant will continue to improve in its financial performance.
Since Hao Seng Consolidated owns 70% of Hs Plant they also in same position as minority shareholders As long as Cash remain in Company it is ok plus they parked most in money market funds to get higher yield
Can also say the same about people buying Berkshire Hathaway by the Great Sifu Warren Buffet which never even give one cent dividend as he said dividend is taxable
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calvintaneng
53,265 posts
Posted by calvintaneng > 2024-01-04 20:50 | Report Abuse
Next month Hs plant expected to give another nice dividend