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117 comment(s). Last comment by Plantermen at Jun 25, 2021 8:51 AM
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1437 posts

Posted by Plantermen > Dec 23, 2019 3:26 PM | Report Abuse

Labour & fertilisers cost make up the bulk of a Plantation estate expenses. If you look at their current accounts both fertilisers costs & operating expenses are higher than other plantations {tier one} companies { TSH, IJM plant,HSplant } dont compared with IOI or Up. Income from Indonesia is equally disappointing incurring losses for the past 4 years

4093 posts

Posted by Up_down > Dec 24, 2019 3:59 PM | Report Abuse

Depreciation of Property, Plant & Equipment shows RM 54.5 million for FY 30Apr19 whereas amount restated to 56.4 million for FY 30Apr18 for comparison purposes. If you read the AR 2018, the amount was , in fact, RM 28 million which was before adopting new MFRS. The additional charged of RM 28 million for depreciation of planting costs in complying new MFRS.

4093 posts

Posted by Up_down > Dec 24, 2019 4:12 PM | Report Abuse

TSH used to adopted an aggressive policy of non depreciating planting costs too but INNO adopted deprecated planting costs policy even though under the control of TSH management.

212 posts

Posted by LouiseS > Jan 21, 2020 11:53 AM | Report Abuse

Based on comparison of 44 plantation counters listed in Bursa Malaysia, UNITED MALACCA is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. UNITED MALACCA stands out in performance indicators such as having mostly steady earning per share (~ 10 sen per share and above), high market capitalization (RM 1,108 million) and relatively low P/E ratio of ~17.


1437 posts

Posted by Plantermen > Jan 21, 2020 8:06 PM | Report Abuse

Sold off their peninsular estates to book a one off gain in their last financial year. Paying 2 sen interim dividend. Funds utilised for thier Sulaiwesi joint venture project planting sevia, coconut or rubber. Land usage is restricted for forest land

25363 posts

Posted by mf > Jun 23, 2020 7:11 PM |

Post removed. Why?

4071 posts

Posted by EatCoconutCanWin > Jun 23, 2020 10:44 PM | Report Abuse

Nah..this CB stock loss money but still ok. Is nothing to worry eh la. Red then green.

1437 posts

Posted by Plantermen > Jun 24, 2020 2:00 PM | Report Abuse

Sold off securities held to cover the operating losses. Last year sold off their peninsular estates to cover bottom line. Worrying trend

68 posts

Posted by kasim > Sep 9, 2020 10:04 AM | Report Abuse

But now as lockdown policies restrict travel in many parts of the region, and the Malaysian government looks to cut back hiring of migrant workers, palm growers are left with little choice. The industry is also reaching out to drug rehabilitation centers for potential workers

379 posts

Posted by Sami_Value > Sep 25, 2020 7:10 PM | Report Abuse

something really went wrong, CPO rising but they are making peanuts

1437 posts

Posted by Plantermen > Sep 25, 2020 10:05 PM | Report Abuse

Cpo prices spike up from last year $2,100 per tonne to a high of 3,000 per tonne { up 40 - 45 % } even laggards like FGV, RH, TSH recorded much higher profit at the back of higher & better sales {CPO & PK prices} except for this counter. In addition, no segmentation on their Indonesian sales pricing VS their Peninsular and Sabah operations

Jonathan Keung
3257 posts

Posted by Jonathan Keung > Sep 29, 2020 1:17 PM | Report Abuse

Sulawesi JV project put on hold due to environment issues. At this point unable to determine the time frame when the project can restart

1437 posts

Posted by Plantermen > Oct 2, 2020 2:58 PM | Report Abuse

US ban on FGV exports bad for Malaysia export. Other producers will be impacted too

893 posts

Posted by flyingtomoon2020 > Nov 8, 2020 6:00 PM |

Post removed. Why?

2587 posts

Posted by BeastOfTheEast > Mar 17, 2021 3:42 AM | Report Abuse

United Malacca 3Q profit more than quadruples to RM13.73 million


Jonathan Keung
3257 posts

Posted by Jonathan Keung > Mar 17, 2021 9:57 AM | Report Abuse

Good result

1437 posts

Posted by Plantermen > Jun 25, 2021 8:51 AM | Report Abuse

Latest qtr result showed net plantation loss of 11+million plus vs previous qtr profit unbelievable.???with record high CPO prices

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