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Last Price Today's Change   Day's Range   Trading Volume
11.92   -0.12 (1.00%)  11.90 - 12.04  47,500
224 comment(s). Last comment by mf at Mar 19, 2020 10:58 PM
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sheldon
910 posts

Posted by sheldon > Dec 9, 2019 12:11 PM | Report Abuse

Gallop on baby!!


DickyMe
5052 posts

Posted by DickyMe > Dec 9, 2019 6:06 PM | Report Abuse

How shameful. Once this stock traded at more than RM 100 per share, today selling at goreng pisang price.


sheldon
910 posts

Posted by sheldon > Dec 9, 2019 11:06 PM | Report Abuse

DickyMe How shameful. Once this stock traded at more than RM 100 per share, today selling at goreng pisang price.

I doubt it. Even if it had then perhaps there must have been a bonus issue and/or share split.


DickyMe
5052 posts

Posted by DickyMe > Dec 10, 2019 3:11 PM | Report Abuse

In doubt, normally they do check up. Fly back to 40 years ago. The current data is limited. Go to library and pore through old newspaper. Those days no computer. It is not bonus issue or splits which caused the slide but politic and policies since 1980s. You must thank Dr. Mahatir for killing good companies.


sheldon
910 posts

Posted by sheldon > Dec 11, 2019 11:04 AM | Report Abuse

This is the response to my open letter I got from the management of BK ...

Sorry for the late reply.

BKB has been investing in several property development projects in Australia with further capital commitments and BKB is also looking into other investment opportunities. Besides, BKB Chemical Group is embarking on several projects i.e. building on-site co-generation as reported in last year’s annual report and investing in better technology in its key process in the chlor-alkali operation.

Save for the above, the DRP will provide shareholders the opportunity to enhance their equity participation in the Company at a discounted price over long term.


Best regards,


Goh Swee Eng

Chief Financial Officer/Company Secretary


DickyMe
5052 posts

Posted by DickyMe > Dec 11, 2019 7:07 PM | Report Abuse

Even then it does not justify around 80% capital erosion.


sheldon
910 posts

Posted by sheldon > Dec 12, 2019 9:07 AM | Report Abuse

DickyMe - I'm trying to get some info on this erosion which I think is quite possible.

Could you provide some link or reference on this matter?


DickyMe
5052 posts

Posted by DickyMe > Dec 12, 2019 10:29 AM | Report Abuse

I have searched the net but unavailable. Only source is old newspaper.(early 1980), I remember looking at the stocks section - The Star. I don't have the paper now. That's almost 40 years ago.


DickyMe
5052 posts

Posted by DickyMe > Dec 12, 2019 10:45 AM | Report Abuse

WSJ's website historical price begins from June 1994
https://quotes.wsj.com/MY/XKLS/1899/historical-prices

Then it was around RM 2.xxx


DickyMe
5052 posts

Posted by DickyMe > Dec 12, 2019 11:11 AM | Report Abuse

There are some protected research papers and books about Malaysian stocks from 1970s.

Perhaps this link may provide the information if you want to dig deeper
https://www.sciencedirect.com/science/article/pii/S2214845015300703#bib17. Wiley Online Library requires registration, I pass on it.


sheldon
910 posts

Posted by sheldon > Dec 12, 2019 4:08 PM | Report Abuse

tq DickyMe


sheldon
910 posts

Posted by sheldon > Dec 12, 2019 4:45 PM | Report Abuse

WSJ historical prices reveal some interesting stats.

Based on June 94 price of 2.40 vs Dec 2019 price of 16.60, compounded annual gain (excluding the handsome intermittent dividends) = 7.9%!

If we compare June 94 to Dec 2016, then the gain is 9.4%!!

I hope somebody invents a time tunnel.


Rwkl
108 posts

Posted by Rwkl > Dec 13, 2019 5:38 PM | Report Abuse

Fell from $100?ll
Wow....1lot,more than 100k? Not many could even dream buying.
I can’t ever recollect that price”


sheldon
910 posts

Posted by sheldon > Dec 13, 2019 9:50 PM | Report Abuse

BK main man Tan Sri Dato Lee has been picking up a couple of lots but because of trading illiquidity, that was enough for the share to climb precipitously.

Just speculating - Maybe he wants shareholders to pay more for the DRP


LouiseS
212 posts

Posted by LouiseS > Dec 15, 2019 11:16 PM | Report Abuse

Batu Kawan derives most of its profits from KLK, which is its own subsidiary. It is also involved in chemicals manufacturing. Batu Kawan's earning performance has been overall decreasing in last five years, whereby its earning per share overall decreased from 126.9 sen to 116 sen. Return on equity is around 7%. Dividend paid to shareholders in 2018 is 55 sen per share. Dividend yield is around 3.3%.

https://louisesinvesting.blogspot.com/2019/12/comments-on-batu-kawan-berhad-1899.html


sheldon
910 posts

Posted by sheldon > Dec 16, 2019 5:49 AM | Report Abuse

The devil's in the details but in a nutshell ...

BK is primarily driven by CPO prices given the big chunk of dividends it receives from KLK.

However it is somewhat mitigated by the oppositely correlated impact on downstream oleo chemicals that enjoy improved margins at lower CPO.

Then there's the earnings from industrial chemicals and smaller stuff from property development.


Cipta
286 posts

Posted by Cipta > Dec 16, 2019 10:10 PM | Report Abuse

It is logical to keep only one co listed which its business overlapping. A big saving to the holding co if taking either one private.


sheldon
910 posts

Posted by sheldon > Dec 27, 2019 3:37 PM | Report Abuse

CPO rise is strangely meteoric but who's complaining!


sheldon
910 posts

Posted by sheldon > Jan 10, 2020 5:44 PM | Report Abuse

Is the drop due to some nut making idiotic statements resulting in us losing the high-margin refined palm oil oleo-chemical business?


danielleesing
65 posts

Posted by danielleesing > Jan 15, 2020 1:30 PM | Report Abuse

ipoh-based Batu Kawan Bhd is widely known as the parent company of locally listed plantation giant Kuala Lumpur Kepong Bhd (KLK). However, many may not know that Batu Kawan is also Malaysia’s largest producer of chlor-alkali chemical products, which include chlorine, caustic soda and hydrochloric acid.

Its chemical plants in Perak and Terengganu have an annual production capacity of 116,000 tonnes of caustic soda. These factories run at an average utilisation rate of close to 90%. The group’s market share is estimated at 55% to 60%.

To be sure, the bulk of Batu Kawan’s profit comes from KLK. Even so, profit attributable to Batu Kawan’s shareholders grew to RM825.2 million in FY2016 from RM483.7 million in FY2013, translating into a three-year compound annual growth rate of nearly 20%. While KLK’s is slightly more impressive at 20.2%, we had imposed a penalty on KLK in The Edge Billion Ringgit Club calculations as its FY2015 net profit fell below the FY2013 base year, resulting in Batu Kawan coming just ahead of KLK for the 2017 BRC award for highest growth in profit after tax over three years.


LouiseS
212 posts

Posted by LouiseS > Jan 20, 2020 12:28 PM | Report Abuse

Based on comparison of 44 plantation counters listed in Bursa Malaysia, BATU KAWAN is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. BATU KAWAN stands out in performance indicators such as having consistently high earning per share (> 50 sen per share), high NTA per share (RM 14.4 per share) and relatively low P/E ratio of ~20.

https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html


Cipta
286 posts

Posted by Cipta > Jan 22, 2020 1:18 PM | Report Abuse

Batu Kawan's bleaching earth is dominant in local Palm Oil refinery.
Her subsidiaries' Syntomer is dominant in synthetic Glove manufacturing.


sheldon
910 posts

Posted by sheldon > Jan 31, 2020 12:22 PM | Report Abuse

I guess no DRIP take up this round in view of the steep decline in the share price.


mf
15272 posts

Posted by mf > Mar 19, 2020 10:58 PM | Report Abuse

European markets turn negative as coronavirus fears overpower stimulus momentum

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