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Last Price Today's Change   Day's Range   Trading Volume
0.92   -0.01 (1.08%)  0.91 - 0.945  171,500
1,984 comment(s). Last comment by Gtrade at Sep 22, 2020 10:33 AM
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i3gambler
396 posts

Posted by i3gambler > Jul 14, 2020 7:46 PM | Report Abuse

Treasury shares:
1) Cancel:
It means the company is healthy, not short of cash.
2) Give to Shareholder:
It is kind of mini bonus issue, wasting administration work, creating odd lot, I don't like.
3) Sell back to market:
It is kind of private placement, get additional cash for development.


Knownfact
173 posts

Posted by Knownfact > Jul 15, 2020 12:28 PM | Report Abuse

Yes, cancellation of treasury shares will improved the NTA/share.

Liquidity in the company is good at 144mil cash. 200 mil loans is manageable.

Capex is not high beside the development expenditure for plantation.

The Rm40mil sale proceed from disposal of property will ease the cashflow too.


Knownfact
173 posts

Posted by Knownfact > Jul 15, 2020 3:24 PM | Report Abuse

TPGOG owns a refinery (i.e.pre-treatment) plant with a capacity of 120,000MT/year which have been fully operational since the beginning of
2020 and a biodiesel plant with a capacity of 134,000MT/year which is currently undergoing refurbishment and itis targeted to be fully operational in July 2020 barringany unforeseen delays.

This is a cutting of the chairman statement in the AR.

"In the segmental information of the Q report last month, it is good to note that the new segment (Biofuel/Refinery plant) has a revenue of 22.931 mil that generate a profit of 2.322 mil." only refers to the refinery plant and NOT the biodiesel plant. The revenue & incomes should be quite consistent and doesn't subject to price fluctuation.


Knownfact
173 posts

Posted by Knownfact > Jul 21, 2020 4:07 PM | Report Abuse

CPO future seems to stabilized above 2,600 in Q3. If plantation segment fall to red in Q2, it should recover in Q3


Knownfact
173 posts

Posted by Knownfact > Jul 24, 2020 10:43 AM | Report Abuse

Last SBB was at 96.5 on 12/6/2020.

After that the share price started to fall back to 88 despite the fact that CPO was on the raise substantially.

Does this counter only rely on SBB to support its price????

Are they waiting for the AGM on 30/7 before they start SBB again?


Davidl
1135 posts

Posted by Davidl > Jul 27, 2020 2:52 PM | Report Abuse

Finally back to uptrend!


Knownfact
173 posts

Posted by Knownfact > Jul 29, 2020 3:15 PM | Report Abuse

slipped back to downtrend?


Knownfact
173 posts

Posted by Knownfact > Aug 4, 2020 4:54 PM | Report Abuse

back to uptrend with vol


liong5651
21 posts

Posted by liong5651 > Aug 4, 2020 8:37 PM | Report Abuse

Tomorrow break RM 1???


Knownfact
173 posts

Posted by Knownfact > Aug 5, 2020 5:09 AM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3074418

Aggressive SBB started again


Knownfact
173 posts

Posted by Knownfact > Aug 6, 2020 4:47 PM | Report Abuse

Lack of follow through


Knownfact
173 posts

Posted by Knownfact > Aug 21, 2020 10:31 AM | Report Abuse

Big volume changing hands at 88 sens. What is going on?


wajatimur_28
634 posts

Posted by wajatimur_28 > Aug 21, 2020 12:44 PM | Report Abuse

Yup..I am also monitoring it.. what's going on actually?


sakurako
71 posts

Posted by sakurako > Aug 24, 2020 11:21 AM | Report Abuse

boarded 0.88


sakurako
71 posts

Posted by sakurako > Aug 25, 2020 10:52 PM | Report Abuse

y it sink once i boarded :'(


wajatimur_28
634 posts

Posted by wajatimur_28 > Aug 26, 2020 7:47 PM | Report Abuse

Relax bro...just take a seat...feel the ride roller coaster


sakurako
71 posts

Posted by sakurako > Aug 26, 2020 9:37 PM | Report Abuse

waiting for its qr


Knownfact
173 posts

Posted by Knownfact > Aug 27, 2020 9:44 AM | Report Abuse

Most plantation companies are reporting very good results. Can't see any reasons why CBIP is not doing the same.


sakurako
71 posts

Posted by sakurako > Aug 28, 2020 8:33 AM | Report Abuse

the qr should be out any time?


kinuxian
536 posts

Posted by kinuxian > Aug 28, 2020 10:56 AM | Report Abuse

CBIP is not pure plantation company. By and large still depend their engineering segment and palm oil contribution still relative small. Thus, CPO had limited benefit yet if compared to other plantation stock. MCO might impact their engineering segment instead. I might be wrong.

Do review their Q419 & Q120 performance, palm oil segment is relative disappointing even CPO price hit 2.8 - 3K during Dec 19 to Jan 20.

If you observed long enough, most of the spike was due to SBB, and slowly get pull back.


wajatimur_28
634 posts

Posted by wajatimur_28 > Aug 28, 2020 6:15 PM | Report Abuse

Nice qr...ready for take off


hng33
17224 posts

Posted by hng33 > Aug 28, 2020 8:07 PM | Report Abuse

first interim dividend 2 sen


i3gambler
396 posts

Posted by i3gambler > Aug 29, 2020 9:33 AM | Report Abuse

KLK announced on 26th August that they bought 17610 ha planted/plantable land (which 10816 ha planted+6794 ha plantable) in Kalimantan from TSH for USD110.1m, or about 4.2*110.1 = RM462m.

The market price for plantable land in Kalimantan is about RM500 per ha.

Therefore, the price for planted oil palm estate is about
= (462000000 - 500*6794) / 10816 = RM42400 per ha.

CBIP own 13502 ha planted oil palm in Kalimantan,

Assuming the same valuation, it worth = 13502*42400 = RM572m,

CBIP market cap = 492*0.9 = RM443m.


Knownfact
173 posts

Posted by Knownfact > Sep 1, 2020 10:03 AM | Report Abuse

I am so happy to see many constructive comments on this company.

CBIP plantation segment is still in its investment stage, A lot of its retained profit are put into this segment. I am not too worry about the losses incurred because it has to take care of the cost of planting the new acreage and maintaining the young palms. I hope this can explain why the performance in Q419 & Q120 as well as Q220 are disappointing.

This situation should improve as more palms are coming into maturity with CPO prices maintaining at current prices as evidence by the encouraging improvement in revenue.

'If you observed long enough, most of the spike was due to SBB, and slowly get pull back.' A very good observation by kinuxian. Not many IBs and or retail players are involved at the moment. The day will come.

BTW, SBB also means it is investing in itself. Confidence & patience shown by its management.

As mentioned by i3gambler, they are instead investing big in palm oil plantation. Another good piece of work by i3gambler. When and if they decided to devest from plantation, it will be a BIG rainfall profit to its loyal shareholders. Otherwise, the enhanced future earning from this segment will bring about dividend growth.

The first interim dividend of 2 sens is a pleasant surprise to me. A total of 4 sens equivalent to 4.4% dividend yield for this year will be good.

I am not too sure about the contributions from SPV, oil mill and refinery plant.


Knownfact
173 posts

Posted by Knownfact > Sep 2, 2020 1:55 PM | Report Abuse

Core Net Profit (CNP)? Both HLG & KENANGA use CNP which is lower than the actual Net profit to underestimate the earning power of CBIP. Both also came out with difference figures which show that they can manipulate the figures to support their wanted conclusion.

ATM, the POE is the core business. I think the importance of POE will be significantly reduced in the coming 2-3 years. Both in term of revenue &Earnings.

HLG gives a sum-of-parts derived TP of RM0.83 which is way below its reported NTAB of 1.46. We all know that the Kalimantan is worth more than that.

Kenanga is giving a higher TP of RM0.87 base on a PE of 11.8. Is it fair? I think that is up to individual to decide.


TheSecret
455 posts

Posted by TheSecret > Sep 3, 2020 10:38 AM | Report Abuse

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



Whoa !!!

Fcpo breaks new high everyday

Strong indicator of

Palm oil stocks

Bull Run on the way!!!

Load up kaw kaw now!!!


Knownfact
173 posts

Posted by Knownfact > Sep 3, 2020 11:44 AM | Report Abuse

https://markets.businessinsider.com/commodities/palm-oil-price


kinuxian
536 posts

Posted by kinuxian > Sep 3, 2020 3:35 PM | Report Abuse

CBIP is not a good proxy for CPO yet.


Knownfact
173 posts

Posted by Knownfact > Sep 4, 2020 2:19 PM | Report Abuse

For the period ended 30/6/2020, Plantation segment alone (excluding share of results of associates & JV) is 13% of the total revenue. This figure will increase significantly as more palms are planted and matured together with higher CPO prices.


i3gambler
396 posts

Posted by i3gambler > Sep 8, 2020 8:38 AM | Report Abuse

If the share price is undervalue for long time, I think the boss might take it private, we will lose a good company from Bursa.


Knownfact
173 posts

Posted by Knownfact > Sep 8, 2020 10:38 AM | Report Abuse

This share is definitely undervalue, just cannot quantify it. The boss has been ploughing back the retained profit for a long time by venturing into SPV, buying refinery, developing the Kalimantan plantation and SBB. My feeling is that it is about time to mature.

Yes, privatisation is a possibility. same as Batu Kawan. But I think the chance of Bkwan is higher. There are many other means that the boss can cash in later.


lloydlim
3155 posts

Posted by lloydlim > Sep 20, 2020 2:04 PM | Report Abuse

Time to accumulate!


Knownfact
173 posts

Posted by Knownfact > Sep 21, 2020 10:12 AM | Report Abuse

GAP up. Both price & volume shot up.

Is it just a plantation play?


Gtrade
453 posts

Posted by Gtrade > Sep 22, 2020 10:33 AM | Report Abuse

Harga CPO lambung lagi
Makan roti tak perlu lagi
Pekebun sawit senyum di hati
Buang kancil order Proton XT

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