Highlights
KLSE: PINEPAC (1902)       PINEHILL PACIFIC BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.33   0.00 (0.00%)  0.32 - 0.33  9,000
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Overview

Market Cap: 49 Million
NOSH: 150 Million
Avg Volume (4 weeks):96,911
4 Weeks Range:0.285 - 0.345
4 Weeks Price Volatility (%):
75.00%
52 Weeks Range:0.14 - 0.69
52 Weeks Price Volatility (%):
34.55%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#3]  |  28-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  27-Aug-2019
T4Q P/E | EY: -1.55  |  -64.51%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.47  |  0.70
T4Q NP Margin | ROE: -201.67%  |  -45.29%

Headlines

Date Subject
14-Jan-2019 飞上枝头的派恩/万年船
25-Sep-2018 热门股:派恩上挑64仙

Business Background

Pinehill Pacific Bhd operates as an investment holding company, which engages in the development and operation of palm oil plantation. It operates through the Plantation and Investment Holding segments. The Plantation segment which contributes majority revenue engages in the business of cultivation of oil palm and processing of palm oil and offers crude palm oil, palm kernel and other oil palm products for sale. The Investment Holding segment invests and provides management services.
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  jupiter 53 likes this.
 
traderalexooi this deal will call off. consent not yet obtained. if have consent would have announce earlier. dont catch a falling knife without proper announcement
23/04/2019 3:52 PM
daytraders big breakout coming.. U thought United Plantation play play? They got big plans with the land purchase from Pinepac.
23/04/2019 4:10 PM
traderalexooi the trees are old enough. not bearing much fruits. need high cost to clear and replant by united. why they buy this land for development? UP is plantation business. why they buy this land? it could be helping pinepac back door refinancing its indonesia plantation
23/04/2019 4:19 PM
yong1985cm cannot be UP backdoor helping pinepac, looks at the circular announced last EGM, the value of the land sold is market value, and close to historical transacted value. mean this is fair price for these land and trees (eventhough old).

and on the dividend, already mentioned in the circular that no dividend will be paid out of the proceed, unless Pinehill have their own fund to pay for dividend. or else, dun see why there is any special dividend. (the proceed is RM400mil, 150mil go to banker, 150mil go to supplier)
23/04/2019 4:33 PM
Jackytan8 Should have special dividend ma, since got so much cash.
23/04/2019 4:39 PM
traderalexooi thats almost RM46k per acre price. very expensive for a land with old trees. maybe UP wants the land as their utimate purpose for development or replanting. no dividend as mentioned in the circular. so why are people buying this counter for? this SPA will be extended as already expired 8 months duration
23/04/2019 4:43 PM
traderalexooi if SPA not extended by UP then it will expired and Pine will have to refund all the deposit paid by UP earlier. then is very bad
23/04/2019 4:45 PM
Jackytan8 When the SPA will expire ?
23/04/2019 4:48 PM
traderalexooi already expired on 21 April 2019 total 8 months from SPA date
23/04/2019 5:20 PM
Atlan Tomorrow sure up. No worries. Don't pour cold water if u don't have any of the share. Join us on the ride to at least 50 sen.
23/04/2019 9:15 PM
daytraders I prepare to trade this tomorrow.
23/04/2019 11:17 PM
minigiant If you read United Plantation quarterly report which was out last night, they did mention that the purchase of land is going ahead, pending for government approval. I cannot see why the government will disapprove this purchase.
24/04/2019 2:19 AM
birkincollector Yes. Pending government approval only
24/04/2019 6:34 AM
daytraders Time for rebound.
24/04/2019 12:19 PM
Atlan Chance to buy cheap
24/04/2019 1:29 PM
yong1985cm alexooi, the SPA signed on 21/9/18, 8months from SPA date will be 20/5/19..not lapse yet.
24/04/2019 3:59 PM
traderalexooi if consent is obtained and approved what do we have in return for this stock from the proceed of this land sale. No dividend will be given as mentioned in circular. i have few hundred lots this stock. Trading with NTA value ?
25/04/2019 12:55 AM
yong1985cm ya basically we cannot do anything if ther is no dividend, like Malaysian Bulk Carriers Berhad, the disposed off major investment recently got huge proceed, but no distribution to share holder too.

so the same will be for Pinepac, unless the management change their mind. but not so easy, bcz the proceed must be utilised as per the circular.

we can just hope for with the proceed, the Company can turn around to make profit with its Indonesia estate. and hence bring up the share price.
26/04/2019 12:01 PM
Atlan Who knows if UP may take over it?
26/04/2019 5:21 PM
Atos It's a northern trip tomorrow.Dont worry, everyone would feel great soon
27/04/2019 3:31 PM
Atlan Agree. Long awaited
28/04/2019 2:28 PM
Atlan Limit up is possible any time soon.
28/04/2019 2:29 PM
Atos There are always scammers waiting your coming
30/04/2019 9:34 AM
Atlan Market down but it up....so when market up, it will shoot up.
02/05/2019 8:50 PM
Siijon Major outbreak anytime
03/05/2019 3:48 PM
Atlan Next week.
03/05/2019 5:26 PM
MoneyShow3 UP awaiting final state approval for the purchase. Hope the exco sitting was attended by the quorum and chairman to approve land transfers. The transaction is deemed to be completed very soon.
03/05/2019 10:40 PM
yong1985cm how u know is pending state approval right now?
06/05/2019 9:51 AM
tyj1299 It's mentioned in UP's quarter result. Just a formality of disposing land.
06/05/2019 10:29 AM
chanky50 Notes To The Interim Financial Report

United Plantations Berhad  First Quarter Report 2019  12/15 B7)

CORPORATE PROPOSALS

The corporate proposal announced but not completed as at 23 April 2019 is as follows: On 21 September 2018, United Plantations Bhd entered into 3 conditional sale and purchase agreements (“SPAs”) with Pinehill Pacific Berhad’s group of companies to purchase agriculture lands measuring approximately 8,999 acres together with a palm oil mill in Daerah Hilir Perak for a total combined purchase consideration of RM413.57 million (“Proposed Acquisition”). Barring unforeseen circumstances, we are hopeful that this Proposed Acquisition might soon be completed. The Proposed Acquisition is pending state government’s approval.
06/05/2019 11:37 AM
Atlan Everyone standby ya. Good news this month.
06/05/2019 9:05 PM
Atlan Chance to buy more now. Will add more.
07/05/2019 12:31 PM
OngLiao99 Spa extended awaiting the sitting of the Perak exco. Waiting the next 4 weeks.
19/05/2019 12:16 AM
Vijai Deb Palta Perak Esco line-up to be announce soon then to be approved by Sultan and only then a meeting be held.
20/05/2019 6:01 AM
Siijon Doesn’t make sense...
20/05/2019 12:16 PM
Vijai Deb Palta https://www.malaysiakini.com/news/475638

Read the above and it will make sense.
20/05/2019 2:53 PM
MoneyShow3 Yes, needs the final go from Exco. Perak is trying to be investor friendly and would support a larger corporation like UTDPLT to help the smaller plantation companies whom cant have scale. Its good for the people in the state and would bring in better innovation to the sector there. Plus once they have this big boy playing in their back yard, there could be more M&A's in Perak plantation scene.
Good price to accumulate.....hopefully fly to 60 sen soon....2x
27/05/2019 10:12 PM
Sebastian Sted Power Actually UTDPLANT should direct take over this garbage company. Offer privatize at RM1 only wll cost them 150mil. Cheaper than purchase consideration of RM413.57 million (“Proposed Acquisition”)
28/05/2019 9:25 AM
Atlan Many impatient people throwing. Warrent Buffet advice is patient people earns from impatient people.
29/05/2019 4:57 PM
Atlan After disposal, net cash will b 270m. Thus, RM1.8 per share. Now 29.5sen share price is remarkably cheap.
29/05/2019 9:10 PM
MoneyShow3 Hope the exco mtg end of June tables this sale for approval
11/06/2019 12:22 AM
Sebastian Sted Power today buying queue not bad. Accumulate when its low
11/06/2019 3:08 PM
MoneyShow3 Approval obtained, the sale is now UNCONDITIONAL, would be completed by 1st Q June 2020 which is actually by September 2019.
Downside is that due to the extension in lease and the surrender of 10% of some land, the vendor could compensate 12.5m to the Utdplantation.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6188621

We refer to the Company’s announcements dated 21 September 2018, 27 September 2018, 26
December 2018, 18 January 2019 and 17 May 2019 in relation to the Proposed Disposal.
On behalf of the Board, Kenanga Investment Bank Berhad wishes to announce that each of the
Vendor had on 10 June 2019 entered into 3 supplemental agreements (“SAs”) to the SPAs with
the Purchaser.
The SAs were entered into to vary certain terms and conditions in respect of the payment and
timing of release of Disposal Consideration of the SPAs as a result of the conditions imposed by
the Pejabat Pegarah Tanah Dan Galian’s (“PTG”) in their approval dated 7 May 2019 to the
Purchaser pursuant to the Purchaser’s application for approval under Section 433B of the
National Land Code, 1965 for the acquisition and transfer of the Plantation Assets (“S433B
Approval”). The Purchaser had accepted the terms and conditions of the S433B Approval on 10
June 2019


EFFECTS TO PINEPAC
Based on the circumstances imposed by the authority on the Purchaser, PinePac may be subject
to compensate the Purchaser RM12.5 million. This represents approximately 3.0% of total
proceeds of RM413.57 million from the Proposed Disposal.
The potential RM12.5 million compensation however, is subject to the following events:
(i) The Vendor or Purchaser is required by the appropriate authority to commence and/or
implement the Required Exercises in respect of the Plantation Assets before the
presentation and the registration of the transfer in favour of the Purchaser.
(ii) the appropriate authority does not require either the Vendor or the Purchaser to
commence and/or implement the Required Exercises before the presentation and the
registration of the transfer in favour of the Purchaser, then for a period of 12 months
thereafter, the RM12.5 million may be payable to the Purchaser if the Joint Stakeholders
receives a Retention Sum Notice from the Purchaser.
In the event, none of the above event materialises, the compensation therefore will not take effect.


On behalf of the Board of PinePac, Kenanga Investment Bank Berhad wishes to announce that
all conditions precedent of the SPAs have been fulfilled by the Parties and accordingly, the SPAs
have become unconditional on 10 June 2019.





Accumulation mode all the way. Fly fly fly.....
11/06/2019 8:33 PM
Sebastian Sted Power RM413.57-RM12.5 = still got 400mil++

water water only
12/06/2019 9:04 AM
Sebastian Sted Power no need greedy actually. Just take 10% of that 400mil as specialDIV

also can get 26cents liao.. Simple mathematic
12/06/2019 9:06 AM
Richard Lee don't blow. If the deal so good cannot be only you alone know? All people wil come buy before you
12/06/2019 2:57 PM
MoneyShow3 Indonesia and Malaysia kicking off their bio-diesel programs

https://www.reuters.com/article/us-indonesia-biodiesel/indonesia-starts-testing-30-biodiesel-in-cars-amid-push-to-boost-palm-oil-consumption-idUSKCN1TE0KW
13/06/2019 11:38 PM
Siijon Spa has became unconditional but mkt is not reacting to that. Is there still a case for a rally?
21/06/2019 2:04 PM
chanky50 Pinepac not even a single lot traded until now. At 0.315/0.325 only 10 buyers and 7 sellers, very funny. The Rm413 millions deal is to be concluded before end of September 2019. After deducting Rm34 million of loan from Directors, Rm127 million bank loan and Rm48 million 'Trade and other payables', it still have cash of Rm204 million. Divided by its issued shares of 150 million, that is cash of Rm1.36 per share. Is there a catch somewhere or there is something in the account that I don't understand or overlooked.
24/06/2019 12:24 PM
chanky50 All the market Sifu, please advise.
24/06/2019 12:25 PM


 

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