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1.79   +0.02 (1.13%)  1.76 - 1.79  24,100
137 comment(s). Last comment by Pingman at Jan 12, 2021 10:10 PM
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necro
4623 posts

Posted by necro > Jan 8, 2013 9:33 AM | Report Abuse

anak semalam da turun aini mak baru trun??


rookie8833
61 posts

Posted by rookie8833 > Aug 26, 2013 9:14 PM | Report Abuse

This stock has been sleeping for too long... With CPO prices jumped RM66 yesterday, it may be time to look at IJMPlant again. I remember last year July this stock was trading at around RM3.70


dboulevard
102 posts

Posted by dboulevard > Oct 20, 2013 1:24 AM | Report Abuse

http://www.theborneopost.com/2013/08/29/ijm-plantations-see-1qfy14-increase-dip-in-indonesian-operations/


dboulevard
102 posts

Posted by dboulevard > Jan 10, 2014 2:35 PM | Report Abuse

Why have to drop? reason?


dboulevard
102 posts

Posted by dboulevard > Jan 22, 2014 10:34 AM | Report Abuse

KLK 23.52 23.32 - 23.82 23.78 -0.10 120,100 Delete
KRETAM 0.65 0.65 - 0.66 0.66 -0.005 2,041,000 Delete
GENP 10.68 10.68 - 10.68 10.68 +0.18 100

The whole sector and KLSE has been dropping last week. All the stocks above also dropped from their high. This is a good time to accumulate.


iafx
4632 posts

Posted by iafx > Feb 28, 2014 10:39 AM | Report Abuse

consider ioicorp, despite the forex and last year weak cpo, it's core earning STILL up 29.4% q-o-q and 19.3% y-o-y. with this year cpo expected to be above $27xx ~ $28xx, ioicorp earning can jump in fold. ioicorp is also a fully integrated plantation co. (end-to-end producer)

btw, ijmplant and ioicorp r top no.1 & 2 FFB yield company. yr $ yr choice!


L. C. Chong
536 posts

Posted by L. C. Chong > May 9, 2014 3:53 PM | Report Abuse

IJMPLNT analysis - http://lcchong.wordpress.com/2014/05/09/ijmplntpreliminary-analysis-9-may-2014/


iafx
4632 posts

Posted by iafx > May 19, 2014 3:56 PM | Report Abuse

oopsss +8c ... :D :D :D


dboulevard
102 posts

Posted by dboulevard > Feb 9, 2015 11:25 AM | Report Abuse

palm oil price shoots up


dboulevard
102 posts

Posted by dboulevard > Jun 22, 2015 11:08 AM | Report Abuse

As their Indonesian trees mature, we will see huge increase in fruits


khcheah84
250 posts

Posted by khcheah84 > Apr 25, 2017 4:37 PM | Report Abuse

EPF acquired share on this on Apr month


khcheah84
250 posts

Posted by khcheah84 > Apr 28, 2017 8:00 AM | Report Abuse

a good chart pattern on the support level


darkstar
589 posts

Posted by darkstar > Jun 15, 2017 6:12 PM | Report Abuse

IJM wins RM342mil contract to build MRT stations

KUALA LUMPUR (June 15): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded an RM342.18 million contract to IJM Construction Sdn Bhd. The contract involves building stations along the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line.

In a statement today, Malaysian Government-owned MRT Corp said IJM would build MRT stations at Sri Delima, Kampung Batu, Kentonmen and Jalan Ipoh.

“IJM Construction has a lot of experience working on the MRT project and this will be invaluable as they proceed with working on this newest contract. I believe they will maintain their very good track record with our project and will give their best to perform well for the SSP Line project,” MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said in the statement.

Shahril said MRT Corp selected IJM from seven bidders on best-evaluated tender basis. He said MRT Corp had taken into account the bids' technical, commercial, legal and financial aspects.

IJM had earlier secured contracts from MRT Corp. According to MRT Corp's statement, IJM is also the contractor for the construction of the elevated guideway from Jinjang to Jalan Ipoh.

"Previously, IJM Construction had been awarded two contracts under the MRT Sungai Buloh – Kajang (SBK) Line, which are the construction and completion of the viaduct guideway and other associated works from the Maluri Portal to the Taman Connaught Station (Elevated Section V5), as well as the construction and completion of elevated stations and other associated works at Taman Pertama, Taman Midah, Taman Mutiara and Taman Connaught (Package S5)," MRT Corp said.


hipster
202 posts

Posted by hipster > Aug 23, 2017 10:47 PM | Report Abuse

http://www.theedgemarkets.com/article/ijm-plantations-1q-net-profit-down-3296-forex-loss-lower-cpo-pricing-swaps

how can a plantation stock have forex loss? WTF!


cychoy
19 posts

Posted by cychoy > Aug 30, 2017 4:12 PM | Report Abuse

Because CPO is quoted in USD


hipster
202 posts

Posted by hipster > Sep 2, 2017 3:04 PM | Report Abuse

they don't know hedging?


kpolee22
30 posts

Posted by kpolee22 > Dec 28, 2017 11:49 PM | Report Abuse

PUC (0007)HTF BREAKOUT, BUY NOW BEFORE FLY..


nmaa3003
95 posts

Posted by nmaa3003 > Jan 23, 2018 2:48 PM | Report Abuse

will buy if fall to 1.97.


weiyiploh
4 posts

Posted by weiyiploh > Jan 29, 2018 12:05 PM | Report Abuse

why this share keep dropping?


金正恩
12 posts

Posted by 金正恩 > Feb 9, 2018 3:19 PM | Report Abuse

I thought RM2.5 is cheap, But keep dropping. What's going? company doesn't share buy back? 52 week share price drop from Rm3.5 to Rm 2.3. IJM board of director can you do something for shareholders?


hipster
202 posts

Posted by hipster > Feb 9, 2018 3:25 PM | Report Abuse

1. plantation sector have only a neutral rating from most IB
2. unfavorable palm oil news in Europe
3. recent market correction
4. this company is just lame


freddiehero
14619 posts

Posted by freddiehero > Feb 21, 2018 12:14 PM | Report Abuse

run la..


freddiehero
14619 posts

Posted by freddiehero > Feb 21, 2018 12:14 PM | Report Abuse

no hope


freddiehero
14619 posts

Posted by freddiehero > Feb 21, 2018 12:15 PM | Report Abuse

back to 1.5 soon


yfchong
4516 posts

Posted by yfchong > Jul 9, 2018 2:23 PM | Report Abuse

ok 1.5 can test ... w 60k hectarage... 300ton/hr ffb processing


dboulevard
102 posts

Posted by dboulevard > Nov 23, 2018 3:32 PM | Report Abuse

Palm oil down because crude oil price dropped, probably global recession coming soon after 10 years of boom


Calvin882
1088 posts

Posted by Calvin882 > Dec 28, 2018 7:12 PM | Report Abuse

Very attractive price..


ccmeow
223 posts

Posted by ccmeow > Jan 4, 2019 6:07 AM | Report Abuse

https://klse.i3investor.com/m/blog/kenangaresearch/188612.jsp
现在是时候买了。算是捞底吧。
The price has dropped to a very attractive level
can start accumulate at its lowest.


Calvin882
1088 posts

Posted by Calvin882 > Jan 9, 2019 7:40 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2019/01/09/palm-oil-rises-to-near-3-week-top-as-output-gains-ease/


Calvin882
1088 posts

Posted by Calvin882 > Jan 10, 2019 7:56 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2019/01/10/palm-hits-over-2-month-high-on-weak-production-outlook/


Abidjan
33 posts

Posted by Abidjan > Jan 21, 2019 11:42 PM | Report Abuse

Re: Kenanga's small picture ... In FY20, production yields are expected to improve as c.1,000 Ha comes into maturity. Maybe should look closer at the big picture that the Indon 23,730 Ha that was stated as immature palms in FY13 will eventually be classified as prime palms (8-10 yrs old) to contribute the bulk of production.


Abidjan
33 posts

Posted by Abidjan > Jan 22, 2019 10:55 AM | Report Abuse

Indonesian palm oil stocks plunging....
Indonesian year-end stocks are seen plummeting by 6% to 3.650 million tons in December to the lowest in 9 months in response to lower production and unchanged domestic consumption in the country, according to median estimate from Bloomberg survey of analysts, refiners and plantation executives. Production is estimated to have fallen 7% to 3.870 million tons, also the lowest in 9 months and dipping below the 4 million ton mark for the first time in 6 months.


commonsense
490 posts

Posted by commonsense > Jan 25, 2019 2:58 PM | Report Abuse

IJM Plantation is not the only plantation company that posted bad results in the most recent quarters. If you go through other financial reports, most (if not all) plantation companies are affected by the low CPO price in Jul-Sept period.

In terms of valuation, all plantation stocks are currently trading at a high PE multiple (for those that still managed to record profit) or in IJM Plantation case, negative PE. This is reflective of the downturn cycle of the plantation industry. Don't think that the industry will reverse their down cycle anytime soon given the general demand of the commodity is expected to go down in the future. China for example, is negotiating with US to take in more agriculture products from US which would potentially include soybean (or soybean oil). In general, Chinese consumption of oil would not actually go up that much so the increase of soybean oil import from US to China would actually be at the expense of other oil commodities from other countries (in particular palm oil from Indonesia and Malaysia). Another issue is on the European demand of palm oil which is expected to go down exponentially given the proposed ban of palm oil use in food and transportation industries in the future. They have already agreed to phase out the use of palm oil in transport fuel by 2030. Some countries like France and Norway have already started to move away from palm oil.

If you are still interested in the plantation industry then you should try to look at other companies first (at least until IJM Plantation is really on a stable footing). You will notice that most plantation stocks have fallen but PE valuation is still high. As I mentioned earlier, this is normal given that the industry cycle is currently at the bottom as reflected by the CPO price. It is better for you to do a PE calculation using an average 5 years PAT to take into account the cyclical nature of the industry. With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies.

If you are looking to diversify your portfolio outside of IJM Plantation (due to its earnings uncertainties and bleak growth outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.


Abidjan
33 posts

Posted by Abidjan > Jan 25, 2019 10:53 PM | Report Abuse

CS, I guess you like cars for poorer people. I like palm oil as it feeds cars and poorer people.

The growth industry is no longer the auto industry whether it's in Malaysia, EU or China.

The next growth story is coming from India.
The top 10 fastest growing cities in the world for 2019-2035 are in India ... https://economictimes.indiatimes.com/news/economy/indicators/india-claims-top-ten-in-list-of-worlds-fastest-growing-cities/articleshow/66963987.cms

India's annual consumption of palm oil has increased from 5.7 M t in 2009 to 10.6 M t in 2018.
Also, India relies on imports for 60-70% of its edible oil consumption.
Import duty for refined palm oil in India is currently 45% compared to 54% earlier and this may reduce further as it will benefit India's consumers.

Urbanisation of farmers to Indian cities has translated to GDP growth and this will accelerate increase in employment and consumption.


Abidjan
33 posts

Posted by Abidjan > Jan 26, 2019 9:26 AM | Report Abuse

Worldwide, demand for palm oil continues to rise. India uses the most, 17 percent of the global total, followed by Indonesia, the EU, and China. The United States currently ranks eighth. In 2018 global consumption is expected to reach 65 million tonnes, or roughly 9 kilograms of palm oil per person.


commonsense
490 posts

Posted by commonsense > Jan 30, 2019 5:06 AM | Report Abuse

Hi Abidjan,

I find it difficult to come up with a consistent future projection based on the macro economics. There is too much input to be considered. I prefer to focus on an individual company financial performance.

The reason i like MBMR over IJM Plantation is not because i prefer the auto industry over the plantation industry. It's merely based on valuation. MBMR is currently trading at a PE of 6.9x and will be trading lower at 5.9x based on FY19 results backed by the reasons i mentioned above while IJM Plantation is currently having a negative PE. Even if the company managed to deliver a profit of RM115mil in FY19 which is similar to FY17 (where CPO price average at around RM2700 per tonne), at the current price the company would still be valued at 12.6x PE which is double that of MBMR. And this is only if CPO price were to increase to RM2700 which is a doubt given the negativity of the commodity outlook in the future.

Currently Indonesia and Malaysia are the 2 main producers of palm oil. But other regions have also started to explore the commodity especially regions with vast land supply like Africa and the South American countries (Peru for example has started to approach Indonesia companies for palm oil project. If you go to Lima you will be surprise to see a lot of Indonesians in the capital). Given our country's commitment to limit the expansion of the planting of new palm oil area, we might be faced with competitions from other nations to supply to our current existing clients in the future (India, China, African countries, US etc) which will affect the future business of Malaysian palm oil companies like IJM Plantation.

Regards.


signalmw
3294 posts

Posted by signalmw > Jan 30, 2019 8:28 AM | Report Abuse

already move up from 1.40 to 1.65 with in a month


Abidjan
33 posts

Posted by Abidjan > Feb 4, 2019 3:09 PM | Report Abuse

Massive spike of palm olein exports to India for Malaysia....
http://www.palmoilanalytics.com/article/5c524468eb3d03736caa975f


Abidjan
33 posts

Posted by Abidjan > Feb 8, 2019 3:47 PM | Report Abuse

Indonesia's palm oil inventory stocks now almost similar to Malaysia...
http://www.palmoilanalytics.com/article/5c5cd397aa3172b0273d4499


shpg22
2685 posts

Posted by shpg22 > Feb 10, 2019 10:18 AM | Report Abuse

Take profit and run. O dividend is expected in FY19, judging fr its profit, cash flow and balance sheet. May have right issue soon.


nkk53
1426 posts

Posted by nkk53 > Feb 28, 2019 11:42 AM | Report Abuse

Left this stock.Dun quite like her Hugh debt 800 mil and management


James Ng
2063 posts

Posted by James Ng > Apr 9, 2019 2:34 PM | Report Abuse

https://klse.i3investor.com/blogs/general/201599.jsp
[转贴] [IJM PLANTATIONS BHD:继续受到启动产量的影响,同时产生种植园维护成本和管理费用,IJM种植亦面临外汇汇率的波动,特别是Rupiah对美元的汇率波动和对日元的汇率波动以及较高的借贷成本] - James的股票投资James Share Investing


Plantermen
1013 posts

Posted by Plantermen > Jul 26, 2019 3:44 PM | Report Abuse

Indonesian operations dragging down group


Calvin882
1088 posts

Posted by Calvin882 > Aug 9, 2019 8:33 AM | Report Abuse

https://www.thestar.com.my/business/business-news/2019/08/09/malaysian-palm-oil-price-climbs-to-over-3-month-top-on-stronger-related-oils


Rex Ang
62 posts

Posted by Rex Ang > Sep 18, 2019 11:08 AM | Report Abuse

sleeping stock...no hope...run


William Ng
688 posts

Posted by William Ng > Oct 22, 2019 12:54 PM | Report Abuse

1.49, can buy or wait lower[]


Jonathan Keung
2526 posts

Posted by Jonathan Keung > Oct 25, 2019 1:02 PM | Report Abuse

News of IJM selling off their plantation arm may stirred interest. Only few group { eg IOI ,Sime or Getting } have the means


alantiang
28 posts

Posted by alantiang > Nov 20, 2019 11:05 AM | Report Abuse

从去年开始,市场就一直有传言,指怡保工程有意放盘,脱售IJM种植,消息传了整一年,却一直没有成事。
最近传言再起,IJM种植会被其它种植集团收购,或是合并为更大的种植集团呢?那家财团掏得出13亿令吉或更高价格,拿下怡保工程种植呢?让我们一起了解IJM种植"内涵"有什麽好料呢?
IJM种植的股价RM1.70,二零一七年六月以前,股价一直都在RM3.00以上,如今可说折了一半价格。
去年曾传出IOI集团(IOICORP)和合成实业(HAPSENG)有意收购丹斯里陈振南家族控制的这家公司。
但是只闻楼梯响,十月初,市场又传出,马来大亨丹斯里赛莫达和森那美集团是,是有意收购该公司的个人和财团。
IJM种植拥有73,061(180,537英亩)公顷园地,其中60633公顷(149,827英亩)已种植,1760公顷保留地。
如果单是算已种植园,用13亿令吉买下149,827英亩油棕园,相等於每英畝不足RM9,000,这价格显然非常吸引人。
该集团已种植的60633公顷油棕园,有35,852英亩在印尼,其它在马来西亚。

种在印尼的油棕树,52%是四至七年树龄的幼树,38%树龄介八至二十年,仅有6%是树龄超20年的老树。
这些条件的确叫同行动心,但是它在二零一八财政年却蒙受4400万令吉净亏损,这损及其公司价值。
截至今年六月卅日第一季,它蒙受470万令吉亏损,比去年同期净亏1950万令吉大幅收窄。
IJM种植的低迷,是否值得你将它纳入投资名单?就要看你用那一个角度评估,然而,有一点可以说的是,它目前的股价,下跌空间不会太大,反之,若原棕油行情好转,其前景有望逆转。


alantiang
28 posts

Posted by alantiang > Nov 20, 2019 11:09 AM | Report Abuse

http://mpoc.org.my/daily-palm-oil-price/


alantiang
28 posts

Posted by alantiang > Nov 20, 2019 11:17 AM | Report Abuse

Today CPO 原棕油行情好转, latest RM 2662 go go go...

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