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5,340 comment(s). Last comment by CCWONG at Jun 14, 2021 12:15 PM
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Mikecyc
23060 posts

Posted by Mikecyc > Jun 10, 2021 9:16 PM | Report Abuse

Haha ijmplant palm trees averagely 11.2 years where as KLK is 11.6 years ... Bplant palm trees 45 % is over 20 years ...


Mikecyc
23060 posts

Posted by Mikecyc > Jun 10, 2021 9:17 PM | Report Abuse

Haha replanting will cause billion loh ...


Mikecyc
23060 posts

Posted by Mikecyc > Jun 10, 2021 10:17 PM | Report Abuse

RM300 million per annum
FGV said replanting expenses for the 15,000 hectares were in the range of RM300 million per annum, while the cost of fertilisation and rehabilitation stood at around RM300 million annually. "We choose to replant and upgrade the estates in order to achieve long-term sustainability.2020年10月20日


Parksonguy
439 posts

Posted by Parksonguy > Jun 10, 2021 10:22 PM | Report Abuse

Please dont spread fake info. Bplant average palm tree 19yrs only not over 20yrs. As info normal palm oil tree lifespan 25yrs only. Meaning bplant few more yrs can close shop liao. Hehe


Parksonguy
439 posts

Posted by Parksonguy > Jun 10, 2021 10:38 PM | Report Abuse

Boustead Plantations Bhd is allocating RM115mil as capital and replanting expenditure for 2021 to strengthen its long-term prospect. Meaning yrs end quarter will have impairment loss of 115mil. End Game


Parksonguy
439 posts

Posted by Parksonguy > Jun 10, 2021 10:42 PM | Report Abuse

Target bplant 3rd or 4th quarter -80mil loss due to replanting exercise. May allah bless you all.


Parksonguy
439 posts

Posted by Parksonguy > Jun 10, 2021 10:45 PM | Report Abuse

Haiz quarterly profit only 20mil. But replating only already 100mil. Please stay out of bplant for atleast 2yrs.


Johnzhang
474 posts

Posted by Johnzhang > Jun 11, 2021 7:39 AM | Report Abuse

Parksonguy, may I suggest that you don't waste your time in this forum since you absolutely so negative and dislike it . .Better spend your time on what you like .


Johnzhang
474 posts

Posted by Johnzhang > Jun 11, 2021 7:48 AM | Report Abuse

@Mikecyc, you are correct to point out that the average age of the palms for bplant is higher than ijmplant , I think by only 2 years . But you have seriously overlooked at the location of Bplant's lands and their much higher land valuation as compared to ijmplant. Also, replanting expenditure is not an expense, it is capitalised as asset. All plantation do keep aside reserve for replanting as when they depreciation the estate every year .


Sslee
6340 posts

Posted by Sslee > Jun 11, 2021 8:52 AM | Report Abuse

Net profit is after tax, depreciation/amortization and interest.
If NP is 20 million then what is the EBITDA?
Earnings before interest, taxes, depreciation, and amortization.
You can look into the cashflow statement.


brianklc
554 posts

Posted by brianklc > Jun 11, 2021 12:55 PM | Report Abuse

Parkinson, suggest u talk abt Algae oil, at least no 1 can dispute u... ur problem starts whn you talk abt replanting as OPEX instead of CAPEX and IMPARE(IR)MENT...


Tyranny
285 posts

Posted by Tyranny > Jun 11, 2021 5:02 PM | Report Abuse

Paria anjing suey haha memang bodo


MuttsInvestor
369 posts

Posted by MuttsInvestor > Jun 11, 2021 9:01 PM | Report Abuse

Collecting ..........


Dakewlest
1511 posts

Posted by Dakewlest > Jun 12, 2021 11:28 PM | Report Abuse

What is the possible takeover price per share?


krish52
62 posts

Posted by krish52 > Jun 12, 2021 11:42 PM | Report Abuse

the ipo was @ 1,60. the management's inefficiently and no good investment ideas has resulted the present situation. will it be saved?


Johnzhang
474 posts

Posted by Johnzhang > Jun 13, 2021 8:18 AM | Report Abuse

@krish52, on operational capability and corporate governance, Bplant management and BOD Isreal below par. I only hope the new Group CEO ex celcom can put things right .
On valuation side, if Bstead and LTAT decide to sell their block of shares to an interested buyer ( same like ijm sell ijmplant to KLK), I think it will not be lower than $3.10. per share taking into consideration that Bplant own substantial freehold land in west Malaysia.
Divesting Bplant will straight away solve the debt woes of bstead and LTAT . Afterall, profit contribution from Bplant to Bstead and LTAT is not expected to be fantastic in future years ..
The KLK and ijmplant deal may ignite some thought to bstead and LTAT .
Just my assessment for sharing


Yippy68
1326 posts

Posted by Yippy68 > Jun 13, 2021 9:47 AM | Report Abuse

hopefully this will happen.


Asia88
368 posts

Posted by Asia88 > Jun 13, 2021 10:13 PM | Report Abuse

But who is willing to buy Bplant ?


Mikecyc
23060 posts

Posted by Mikecyc > Jun 14, 2021 2:29 AM | Report Abuse

Haha see my earlier post on land spread of bplant ...


Mikecyc
23060 posts

Posted by Mikecyc > Jun 14, 2021 2:35 AM | Report Abuse

Haha the palm trees ages categories is from annual report lah ...why u dont do research .. simply buy n blow ..


Mikecyc
23060 posts

Posted by Mikecyc > Jun 14, 2021 2:39 AM | Report Abuse

Haha Serba just add another 3 independent Director into BOD .. sama case here .. just a guess to hv tighten audit control ke .. to prevent Navy ship case of RM 6.0 billion gone Missing ...


Mikecyc
23060 posts

Posted by Mikecyc > Jun 14, 2021 2:42 AM | Report Abuse

Haha palm oil life span is up to 30 years ... but output is low .


king36
827 posts

Posted by king36 > Jun 14, 2021 6:03 AM | Report Abuse

TalamT has a lot of land bank.
Worth looking into it as the price is very low now.


Johnzhang
474 posts

Posted by Johnzhang > Jun 14, 2021 7:21 AM | Report Abuse

@Asia88,. Many plantation group has $billion idle fund in the bank and interested to buy brownfield estate as the government already frozen new land opening. Many of them earn hundreds of millions , some in $billiin of free cash from this year and next year. They need to invest this huge reserve . Idling Cash earn nothing in the bank .


Johnzhang
474 posts

Posted by Johnzhang > Jun 14, 2021 7:24 AM | Report Abuse

@Asia88, the few pcs of leasehold vacant lands own by Talam here and there don't worth very much . There generate zero revenue.


Johnzhang
474 posts

Posted by Johnzhang > Jun 14, 2021 8:35 AM | Report Abuse

In today StarBiz,. the headline article on plantations M&A is very interesting. In there , there is valuation of plantation brownfield estate by the industry expert Mr Chandran . Mr Chandran has the credentials to speak about this subject.
On the other hand,. those IB analysts who only work from computer desktop in a cosy office tell you half baked story.


stockraider
23959 posts

Posted by stockraider > Jun 14, 2021 8:36 AM | Report Abuse

Correctloh...high chance bplant will taken over loh!

Posted by Johnzhang > Jun 14, 2021 8:35 AM | Report Abuse

In today StarBiz,. the headline article on plantations M&A is very interesting. In there , there is valuation of plantation brownfield estate by the industry expert Mr Chandran . Mr Chandran has the credentials to speak about this subject.
On the other hand,. those IB analysts who only work from computer desktop in a cosy office tell you half baked story.


RAYDALIO_MALAYSIA
85 posts

Posted by RAYDALIO_MALAYSIA > Jun 14, 2021 10:12 AM | Report Abuse

TAKE OVER OFFERED


RAYDALIO_MALAYSIA
85 posts

Posted by RAYDALIO_MALAYSIA > Jun 14, 2021 10:12 AM | Report Abuse

TAKE OVER OFFERED


RAYDALIO_MALAYSIA
85 posts

Posted by RAYDALIO_MALAYSIA > Jun 14, 2021 10:12 AM | Report Abuse

TAKE OVER OFFERED


RAYDALIO_MALAYSIA
85 posts

Posted by RAYDALIO_MALAYSIA > Jun 14, 2021 10:13 AM | Report Abuse

But request higher premium


RAYDALIO_MALAYSIA
85 posts

Posted by RAYDALIO_MALAYSIA > Jun 14, 2021 10:13 AM | Report Abuse

Hope the deal can go through


Kishin Sham Mahtani
81 posts

Posted by Kishin Sham Mahtani > Jun 14, 2021 10:13 AM | Report Abuse

Solid Buy Pile up at 0.575...what is happening


BULLBULL_BULL
37 posts

Posted by BULLBULL_BULL > Jun 14, 2021 10:30 AM | Report Abuse

Ini kali la !!!
Market being talk about take over offer and also rumour on privatisation by parent company, this also make sense since parent aborted their privatisation at group level to focus at this plantation segment which is more valuable


WDCQ_I_am_legend
10 posts

Posted by WDCQ_I_am_legend > Jun 14, 2021 10:32 AM | Report Abuse

WDCQ_I_am_legend My thought ,

KLK take over IJM plantation(IJMP) at RM3.10 which value IJMP at RM2.7bil
IJMP land bank at 70k hectares
Location : Sandakan,Sabah, Kalimantan and Sumatra, Indonesia

Let’s take a look at Boustead Plantation(BP)
BP market capitalisation at RM1.3bil ONLY
Land bank at 98k hectares
Location : Peninsular, Sabah& Sarawak
BP land bank value is more strategic and valuable compare with IJMP

Super duper undervalue , the most undervalue plantation stock in Bursa, SHOUTING BUY!

Above just merely by personal opinion , no buy call and no sell call

Thank you
09/06/2021 11:12 PM


WDCQ_I_am_legend
10 posts

Posted by WDCQ_I_am_legend > Jun 14, 2021 10:35 AM | Report Abuse

Boustead Plantation super duper UNDERVALUE and shouting buy

Their land bank 100% located at Malaysia and consider the best location among the plantations company

IPO price at RM1.60 in year 2014

The CPO price during 2014 around RM2400 to 2700 per tonne


Kishin Sham Mahtani
81 posts

Posted by Kishin Sham Mahtani > Jun 14, 2021 10:38 AM | Report Abuse

if privatized what is the offer price expected ?


stockraider
23959 posts

Posted by stockraider > Jun 14, 2021 10:39 AM | Report Abuse

Should at least above Rm 1.20 mah!


Kishin Sham Mahtani
81 posts

Posted by Kishin Sham Mahtani > Jun 14, 2021 10:42 AM | Report Abuse

ok that will be nice let us see what happens.....


CCWONG
42 posts

Posted by CCWONG > Jun 14, 2021 12:15 PM | Report Abuse

Really, there is sign of privatization?

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