Highlights
KLSE: BLDPLNT (5069)       BLD PLANTATION BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
5.44   -0.01 (0.18%)  5.44 - 5.44  1,000
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Ann. Date Ex Date Payment Date Type Subject Amount View
04-Jun-2018 19-Jun-2018 20-Jul-2018 DIVIDEND First and Final Dividend RM 0.03 Dividend Detail
07-Apr-2017 19-Jun-2017 20-Jul-2017 DIVIDEND First and Final Dividend RM 0.04 Dividend Detail
07-Apr-2016 29-Jun-2016 29-Jul-2016 DIVIDEND First and Final Dividend RM 0.0200 Dividend Detail
28-Apr-2015 02-Jul-2015 31-Jul-2015 DIVIDEND First and Final Dividend RM 0.0400 Dividend Detail
29-Apr-2014 02-Jul-2014 31-Jul-2014 DIVIDEND First and Final Dividend RM 0.05 Dividend Detail
25-Apr-2013 02-Jul-2013 31-Jul-2013 DIVIDEND First and Final Dividend RM 0.05 Dividend Detail
30-Apr-2012 02-Jul-2012 31-Jul-2012 DIVIDEND Final Dividend RM 0.14 Dividend Detail
21-Apr-2011 02-Jun-2011 30-Jun-2011 DIVIDEND Interim Dividend RM 0.13 Dividend Detail
28-Apr-2010 05-Aug-2010 30-Aug-2010 DIVIDEND First and Final Dividend RM 0.1 Dividend Detail
29-Apr-2009 12-Aug-2009 28-Aug-2009 DIVIDEND Final Dividend RM 0.11 Dividend Detail
28-Apr-2008 12-Aug-2008 29-Aug-2008 DIVIDEND Final Dividend RM 0.11 Dividend Detail
24-Apr-2007 13-Aug-2007 30-Aug-2007 DIVIDEND Final Dividend RM 0.1 Dividend Detail
27-Apr-2006 11-Aug-2006 30-Aug-2006 DIVIDEND Final Dividend RM 0.1 Dividend Detail
26-Apr-2005 13-Jul-2005 29-Jul-2005 DIVIDEND Final Dividend RM 0.1 Dividend Detail
07-Jun-2004 14-Jul-2004 30-Jul-2004 DIVIDEND Final Dividend RM 0.05 Dividend Detail
12-Dec-2003 30-Dec-2003 15-Jan-2004 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
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  Be the first to like this.
 
yeap boon tat Is BLD a good investment stock with just 80million shares?
16/02/2012 9:53 PM
sh2383jbt Agreed with all. Just wait and see the big return...
09/01/2013 11:08 PM
logitrader http://www.klse.my/stock/result/qr/quarter/5069.jsp
27/11/2014 2:19 PM
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5069/31-Dec-2014.jsp
28/02/2015 12:35 AM
logitrader http://www.klse.my/entitlement/116106.jsp
29/04/2015 5:50 PM
Ckk2266 Salted fish alive....
08/11/2015 8:11 PM
Diamond7 Up....up...up....any good news?
11/11/2015 2:02 PM
Thomas Chan Yeu Wai http://www.thestar.com.my/business/business-news/2016/03/15/bld-plantation-expands-sarawak-land-bank/
15/03/2016 10:47 PM
investlah https://klse.i3investor.com/blogs/kianweiaritcles/119270.jsp
28/03/2017 3:42 PM
investlah http://www.thestar.com.my/business/business-news/2017/03/27/a-message-to-president-hollande-support-palm-oil/
28/03/2017 3:47 PM
zayady https://klse.i3investor.com/blogs/kianweiaritcles/77440.jsp
13/07/2018 12:34 AM
LouiseS Total planted area = 31,200 hectares, with 84% in maturity stage. Crude palm oil produced = 115,500 metric tonnes, total volume of palm oil products sold = 760,000 metric tonnes
Top three importing countries of Malaysia palm oil products are India, European Union and China.

https://louisesinvesting.blogspot.com/2019/01/comments-on-bld-plantation-bhd-5069.html
05/01/2019 4:00 PM
commonsense BLD Plantation is not the only plantation company that posted bad 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 BLD 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.

If you are still interested in the plantation industry then you should try to look at other companies first (at least until BLD is really on a stable footing). You will notice that most plantation stocks have fallen but PE valuation is still high. As I mentioned earlier, this is normal given that the industry cycle is currently at the bottom as reflected by the CPO price. It is better for you to do a PE calculation using an average 5 years PAT to take into account the cyclical nature of the industry. With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies.

If you are looking to diversify your portfolio outside of BLD (due to its earnings uncertainties and bleak growth outlook) 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 RM10mil to 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.
25/01/2019 3:56 PM


 

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