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 Be the first to like this.   Jasper Coo Waiting for dividen soon. This time can cover back some capital loss. Not bad. 20/08/2018 10:51 AM Diamond7 Dividend? Ex date 26/7 Payment on 30/8 Next announcement for dividend in December. 22/08/2018 8:20 PM Jasper Coo Waiting for dividen soon. This time can cover back some capital loss. Not bad. 23/08/2018 11:28 AM Jonathan Keung Chua Joe Beng. agreed- Indonesian ventures far from happy ending. full of surprises whenever election is coming . this happen every 3 years. new people new rules new levy 15/11/2018 3:31 PM factorrumour NTA 7.19, banyak land can sell lagi, company wont die so easily larr 05/01/2019 10:19 PM commonsense United Malacca (UMCCA) is not the only plantation company that posted disappointing 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 UMCCA 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. With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies like UMCCA as the return to upcycle might not be in the near future. If you are looking to diversify your portfolio outside of United Malacca (due to its earnings uncertainties) 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 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. 31/01/2019 10:46 AM factorrumour aberdeen run away from umcca because they knew uk and eu is not going to use palm oil anymore? 31/01/2019 9:19 PM Junichiro The West has its bag of tricks. When their companies cannot compete with others, they use a variety of tricks e.g. palm oil is harmful to health n environment, our gloves have pin holes, Huawei gear has spy gear, ...... All oils are harmful if cooking goes above a certain temperature no matter it is canola oil, corn oil .... but palm oil can withstand higher temperature. All telecommunication gear could potentially have spy ware issue including those made in USA n western countries .. if not how did the NSA do spying as revealed by Snowden? 01/02/2019 3:52 PM cefiro22 yet big blocks put up as sellers at 5.40 being gobbled up as soon as keyed in this morning, mine too. Why so eager to buy blocks. Total done at tis time = 693,800 shares...there is an eager buyer to accumulate this stock. 22/03/2019 4:19 PM  James Ng https://klse.i3investor.com/blogs/general/203918.jsp [转贴] [UNITED MALACCA BHD：CPO及PK价格偏低，不利潮湿天气导致FFB收益率低以及RM306万净汇兑亏损] - James的股票投资James Share Investing 25/04/2019 1:33 PM dboulevard Foreign investors probably being blackmailed to not invest in palm oil companies. Few years ago the west already blackmailed the foreign banks into not lending to palm oil companies. Such as HSBC had to ask existing borrowers to refinance. Many small shareholders went yo local banks instead. 18/06/2019 12:07 PM Jonathan Keung China trade war with U.S. is hurting economic growth. plantations hard hit by the slow down. come September inventories will hit 3.5 million tonnes. going to be tough year for pure upstream players 20/06/2019 8:54 AM Kensington Its 4th quarter result is just horrendous, aggravated by among others poor palm oil and palm kernel prices. A reduced final dividend of 6 sen is proposed by Co. 26/06/2019 7:27 PM cefiro22 https://www.theedgemarkets.com/article/united-malaccas-earnings-likely... No future? ...so, sell to Prosper Palm Oil Mill S/B while the going is good. https://klse.i3investor.com/servlets/stk/annchsh/2593.jsp 28/06/2019 10:56 AM 28/06/2019 10:58 AM Plantermen Book their profit on their 4 estates sale. Once off gain. Operating losses for 6 consecutive qtr ( IF NOT the estates disposal} half of the peninsular land sold. Not a good indicator { stripped of their land disposal gain) 02/10/2019 10:37 AM cefiro22 Why Prosper Palm Oil Mill S/B keeps buying,.. now has accumulated over 22,000,000 shares> http://www.bursamalaysia.com/market/listed-companies/company-announcements/6304857 In Year Ended Jun 2018 they held 10.000,000, being 4th largest...Topmost = Great Eastern with 28,105,701. 08/10/2019 9:39 PM danielleesing Benjamin, who is the chief executive officer of United Malacca Bhd, said his company had already banned paraquat in all its plantations sprawling 108,000ha in Melaka and Indonesia. 19/11/2019 4:34 PM Plantermen Sulaiwesi venture planting cocoa, coconut, sevia, coffee requires very long gestatation period. Land usage allows only cash crop not oil palm planting 20/11/2019 9:33 AM Fabien "The Efficient Capital Allocater" excluding the one off gain, still operating losses 18/12/2019 9:52 PM LouiseS UNITED MALACCA's earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from -18.6 sen to 40.4 sen. In particular, in the current financial year, the group is hit by a -18.6 sen per share losses, due to low crude palm oil prices and new adoption of the Malaysian Financial Reporting Standards. https://louisesinvesting.blogspot.com/2019/12/comments-on-united-malacca-berhad-2593.html 20/12/2019 11:43 AM Up_down Umcca used to be seen as an 'efficient' planter through taking advantage of aggressive accounting policy for plantation (non amortization of planting costs). The real face was revealed after compulsory adoption of new MFRS. Umcca is not an alone case. WTK and Jtiasa were adopting such aggressive accounting policy too. 21/12/2019 8:28 PM Plantermen 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 23/12/2019 3:26 PM Up_down 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. 24/12/2019 3:59 PM Up_down 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. 24/12/2019 4:12 PM LouiseS 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. https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html 21/01/2020 11:53 AM Plantermen 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 21/01/2020 8:06 PM  EatCoconutCanWin Nah..this CB stock loss money but still ok. Is nothing to worry eh la. Red then green. 23/06/2020 10:44 PM Plantermen Sold off securities held to cover the operating losses. Last year sold off their peninsular estates to cover bottom line. Worrying trend 24/06/2020 2:00 PM kasim 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 09/09/2020 10:04 AM Plantermen 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 25/09/2020 10:05 PM Jonathan Keung Sulawesi JV project put on hold due to environment issues. At this point unable to determine the time frame when the project can restart 29/09/2020 1:17 PM Plantermen US ban on FGV exports bad for Malaysia export. Other producers will be impacted too 02/10/2020 2:58 PM | APPS  I3 Messenger Individual or Group chat with anyone on I3investor  MQ Trader Earn MQ Points while trading with MQ Traders Group  MQ Affiliate Earn side income from MQ Affiliate Program
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