Highlights
KLSE: BPLANT (5254)       BOUSTEAD PLANTATIONS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.555   -0.01 (1.77%)  0.55 - 0.565  1,929,700
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WDCQ_I_am_legend 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
14/06/2021 10:35 AM
Kishin Sham Mahtani if privatized what is the offer price expected ?
14/06/2021 10:38 AM
stockraider Should at least above Rm 1.20 mah!
14/06/2021 10:39 AM
Kishin Sham Mahtani ok that will be nice let us see what happens.....
14/06/2021 10:42 AM
CCWONG Really, there is sign of privatization?
14/06/2021 12:15 PM
Ayambrand 575 byk org parking
14/06/2021 1:09 PM
thor85 Cpo price continue to drop badly
14/06/2021 2:07 PM
Mikecyc Date Settlement Price RM
11 Jun 21 3663
10 Jun 21 3844
9 Jun 21 3871
8 Jun 21 4049
4 Jun 21 4129
3 Jun 21 4158
2 Jun 21
14/06/2021 4:42 PM
Mikecyc Bplant FFB

Apr2020 = 82849
May2020 = 86223
June2020 = 101309

July2020 = 89117
Aug2020 = 89318
Sept2020 = 95188

Oct2020 = 93334
Nov2020 = 81,866
Dec2020 = 72,491

Jan2021 = 60,574
Feb2021 = 55,196
March21 = 64,394

Apr2021 = 70,373
May2021 = 77,435
Jun2021 =
14/06/2021 4:47 PM
stockraider Ok mah...production increasing loh!

2nd qtr production apr to june definitely higher than 1st qtr Jan to Mar loh!

Posted by Mikecyc > Jun 14, 2021 4:47 PM | Report Abuse

Bplant FFB

Apr2020 = 82849
May2020 = 86223
June2020 = 101309

July2020 = 89117
Aug2020 = 89318
Sept2020 = 95188

Oct2020 = 93334
Nov2020 = 81,866
Dec2020 = 72,491

Jan2021 = 60,574
Feb2021 = 55,196
March21 = 64,394

Apr2021 = 70,373
May2021 = 77,435
Jun2021 =

CPO at above Rm 3500 per tonnes look attractive loh!
14/06/2021 5:48 PM
lovreblue this counter can be hold for long term investment. when i go thru last few years annual report, everything seen acceptable.

Compare with last few years FFB produce, the quantity FFB tonnes 2020 is increasing start from year 2016, almost same like year 2015. furthermore, year 2020 the total planted hectares already increase from 65k ha to 73k ha. someone will ask y land increase but FFB not increase? dont forget last few years bplant got borrow loan for purchase sabah land, and if replant old land, at least need 3years to growth. land purchase by year 2018, now already 2021, I dont think this is so hard for us to understand it

Next is Palm tree past prime analysis, anyone who familiar in palm tree industry sure know palm tree FFB produce year average life around 25~30year. annual report past prime requirement start from 20Yrs, if we take FFB produce up to 25Yrs, means that past prime still have 5Yrs to produce FFB. so this is reason y past prime increase, but FFB not decrease. if really want worry about high past prime also wait till year 2023, but doesn't means bplant must replant past prime at that time, they still have option to sell the land to earn profit. other than that, every year they also replant new palm tree, last 3year report show 6k ha per year, means that each year around 2k ha, and replant ha will b increasing year by year. especially in year 2017, 5.8k ha immature plant now fully contribute into new FFB produce.

Base on FCPO, we know the CPO price keep more than 3k until end of next year. if i not wrong, the costing for CPO production around 1.7k per tonne, if +tax +man power cost and others, let say cost up to 2.2k, means that if CPO price more that 2.3k above, company consider earning, up to 3k over earning, tats y KLK wanna take over IJM asap. If Bplant dividend back to 1x sen like before, we buy the price now really is high return. we see the future and invest for the future.

But what I worry is privatization, now we know Bplant is the goose with the golden eggs, I dont think LTAT will let others company take over. and I bliv they ady plan for privatization by last year. Y they stop, i think problem mayb come from pharma tat side. When I go thru boustead holding annual report, LTAT have more than 59% shares, direct share in Bplant more than 12%, means that LTAT direct and indirect in Bplant total around 46%. if they privatization Boustead Holding 1st, then go for bplant privatization not so hard. or they also have another option, like increase few more % in Bplant share then apply for privatization. Now the problem is Bplant too under value and too less open investor. if they apply for privatization, max offer also around 1.XX only, this offer too bad. especially most of their land was revaluation by 2016 before only. if like tat, as a open investor, we cant do anything and just let them take the goose with the golden eggs away. Especially this recent 5years got how many high return listed company go for privatization and we cant stop it. unless the price increase till they need reconsider again, at least we wont lose too much if they really still go for privatization. think like boss and will know what will they plan for the next
14/06/2021 6:02 PM
Asia88 @lovreblue : Good to read that. Just one comment : Most of the plantation company in Malaysia don't plant up to 30 years. It is not worth it. The yield for 25 year and above is not good and subject to many disease. Old man more easier subject to disease as compared with young ppl. Currently, there is no solution to the ganoderma disease in oil palm.
14/06/2021 6:57 PM
Asia88 stockraider Ok mah...production increasing loh! << Sir, Jan 2021 is on dropping trend as compared with April 2021. last year April 2020 have higher FFB as compared with current year. Rmb last year is the start of MCO and this year April is only half baked MCO.
14/06/2021 6:59 PM
lovreblue @Asia88 Yes, u r right. So I also take FFB produce up to 25Years for our reference, then after 25Years company can plan whether replant or sell that land
14/06/2021 7:27 PM
Asia88 Are you joining the AGM this thursday? I expect many question on capex.
14/06/2021 10:52 PM
Mikecyc Oil palm is a perennial crop, with trees potentially producing economically viable volumes of fresh fruit bunches (FFB) over a lifespan of 30 years or so.2012年12月11日
15/06/2021 2:58 AM
Mikecyc approximately 25 years
It is only at year seven that the tree reaches peak production, where its output remains until its 18th year, after which it begins its decline. The typical commercial lifespan of an oil palm tree is approximately 25 years. Fully mature oil palms produce 18 to 30 metric tons of fresh fruit bunches (FFB) per hectare.
15/06/2021 2:59 AM
Mikecyc 75,000 hectare x 2.471 = 185,325 acres

> 18,419 ha of freehold land in West Malaysia .

>> Its valuable freehold estates represented about 19% of Boustead Plantations’ total land bank in the country.

>>> 18,419 ha x 0.19 = 3499.61 ha
15/06/2021 3:00 AM
Mikecyc Floating this idea in a report, the brokerage said a potential privatisation could be self-funded by disposing some small parcels of land owned by Boustead Plantations.
15/06/2021 3:02 AM
Mikecyc >> It pointed out that since listing in 2014, Boustead Plantations has sold 2,164 hectare of land, raised RM1bil in gross proceeds, and recognised total disposal gains of RM900mil. It has also paid out RM1bil in total dividends since listing.
15/06/2021 3:02 AM
Mikecyc Haha sell plantation land again ke ..RM 1.0 billion in 2014 loh .. now is still bearing huge debt ???
15/06/2021 3:04 AM
Mikecyc Haha valuable freehold estate is 3499 ha compared 2014 is sold 2164 ha for RM 1.0 billion ...risky loh ...
15/06/2021 3:07 AM
i3investorforum It is sitting on debt management to survive. Selling plantation land becomes the business policy and it distracts from the real oil palm business. Haa..ha. Got future kah?
15/06/2021 8:32 AM
lovreblue @Asia88 Yes, I will join AGM by this Thursday too. Myside also ready some question to their mgmt, hope other investor can ask more question too, then we will know more detail in Bplant info
15/06/2021 9:35 AM
Mikecyc Haha why ah suddenly send 3 Director from Boustead HQ into bplant bod ?? unusual loh .. like Serba add additional 3 Director mainly on auditing loh ..
15/06/2021 10:35 AM
Mikecyc Date Settlement Price RM
14 Jun 21 3375
11 Jun 21 3663
10 Jun 21 3844
9 Jun 21 3871
8 Jun 21 4049
4 Jun 21 4129
3 Jun 21 4158
15/06/2021 4:30 PM
Yippy68 @asia88, do help to attend and get satisfy answer.. I am too busy in business and to overcome problem by MCO, no time to attend.
15/06/2021 4:32 PM
Asia88 Do not expect to have satisfy answer during this AGM. I heard so many boss just pick question that they want to listen and hard one just say will reply through company website.
15/06/2021 5:27 PM
Johnzhang Many are not happy about the production, management quality and rate of return of Bplant. I also think all the parameters are below par comparing to the well run plantation companies eg ijmplant .
We must also be realistic that if Bplant is on par with ijmplant, it’s share price would be $3.10 , not $0.58 today . So, why should some people be so bitter about the performance of Bplant vis - a vis it's share price ?
Base on the NA per share of Bplant of about $1.20 ( and RNAV easily exceed $2.50), today's price of $0.58 is ridiculously low!.
I think the new group CEO and the plantantion team are not that hopeless.
It is just a matter of time the value of this share will emerge. I think we don't have to wait too long .
15/06/2021 5:51 PM
Asia88 Thats why many ppl above simply comment than Bplant should be privatize. Why another company want to buy a company when they are not producing well. Unless they just want to buy the company and sell away the land?
15/06/2021 5:56 PM
Johnzhang @Asia,. There is a price for everything. People will buy if the price is right irrespective of the condition of the asset. To restore a below par plantation is not a rocket science and can be done within 1-2 years. If you are shareholders of Swkplant and follow.their recent 3-4 years development you will understand it. Once TaAnn took over the Management a few years ago , Swkplant show increasing yield right from 2nd year for the last few years consecutively.
15/06/2021 6:09 PM
CCWONG Yes, give more space to Bplant and will show its true colors soon.
15/06/2021 8:35 PM
Asia88 So many question raised this year.
17/06/2021 10:23 AM
lovreblue @Asia88 how do u think after AGM?
17/06/2021 1:37 PM
Asia88 I am not happy with some of their reply but most of the answer i am ok with it.

I think there is some disagreement between the mgmt and auditor which lead to the change of audit partner and even the resignation of audit committee chairman.

But in term of operation wise, i think the FFB harvested will still be on decreasing trend due to labor shortage. Won't have exponential growth in profit but maybe constant profit in the future if the CPO price is maintain above 3k.

For me, i will consider the CPO price trend to evaluate whether to continue with Bplant or leave it.

@lovreblue : What do you think?
17/06/2021 5:39 PM
Hew Kiong Peng George Soy bean slump, cpo gonna below 3k soon
18/06/2021 12:12 AM
Parksonguy Died lo. Only profit if cpo above 3k. Why dont reduce cost by cut management salary/allowance half?
18/06/2021 9:20 AM
Parksonguy When cpo price below 3k cut ceo salary half. If cpo below 2k cut ceo allowance to zero.
18/06/2021 9:21 AM
lovreblue @Asia88 Like what you say, I also unhappy some question their reply, like answer without confident or not direct to the point

For me:
Pros
1. 88% of the Past prime still can produce FFB, only 6% of the total prime over 25Year
2. Bplant can receive 32million gst refund by this year
3. FCPO price keep higher until end of next year, so bplant still can enjoy this higher cpo trend

Cons
1. Although CPO keep in higher price, but lack of man power can coz company unable to get more FFB to earn more profit
2. Company land bank good, but mgmt seen like non aggressive to convert this recourses to higher return and seen they dont have any plan or solution to overcome existing problem facing
3. Transformation programme still under 1st phase mid stage after 18months, which more than what their mgmt mentioned in AR 2019. Only 2nd phase can creating sustainable value to investor, means that mayb we still need to wait around one year+ can enjoy the better return

In myside conclusion, this counter is for investor who can hold more than a year without huge return. So I high possibility will leave it temporarily

I think main reason is Im not confident in their mgmt after AGM, especially the way they answer the serbadk case which ask by other investor. If their chairman say no or wont happen, then I will continue with Bplant. Although the annual report in receivable part and ratio seen everything is ok, but like what yr mention in auditor part disagreement, and suddenly resignation happen before AGM, so I have certain reservation in their mgmt
18/06/2021 11:29 AM
Asia88 Haha, i realised Chairman shocked when one shareholder ask what values can he bring to the company as Chairman of company.
18/06/2021 11:40 AM
Mikecyc Date Settlement Price RM
17 Jun 21 3377
16 Jun 21 3404
15 Jun 21 3580
14 Jun 21 3375
11 Jun 21 3663
10 Jun 21 3844
9 Jun 21 3871
8 Jun 21 4049
4 Jun 21 4129
3 Jun 21 4158
18/06/2021 1:08 PM
lovreblue @Asia88 ya, n he also ignore some question related to him, like ady visit how many palm oil estate. Some simple question also pass to another mgmt answer, seen like don know anything. Like puppet chairman. Haiz...
18/06/2021 1:38 PM
Asia88 Well. If u research his background, you will know the reason of it.
18/06/2021 4:41 PM
Ayambrand can pull the plug already
18/06/2021 5:10 PM
Bgt 9963 Good luck......!
18/06/2021 5:16 PM
Plantermen Looking at today scenario {KLK taking over IJM plant} there is a likelihood LTAT make a move on BPlant and not Boustead holdings. Much straight forward {BPlant} compared to parent Boustead holdings
18/06/2021 5:24 PM
Yippy68 tired and sick of bplant.
18/06/2021 6:24 PM
Asia88 https://www.facebook.com/GM.Info.Station/photos/pcb.3017983515194052/3017982958527441

Which one is u > lovereblue , yippy68, parksonguy?
18/06/2021 11:50 PM
stockraider BUYLAH POTENTIAL PRIVATIZATION
19/06/2021 11:12 AM
Lstoretech6 Boustead Plantations Bhd reported a net profit of RM27.46 million for the fourth quarter ended Dec 31, 2020, compared with a net loss of RM172.73 million a year earlier, on higher palm product prices.

Earnings per share was 1.23 sen, versus a loss per share of 7.71 sen previously, the group’s bourse filing showed.

The higher palm product prices also lifted quarterly revenue by 27.09% to RM227.63 million, from RM179.1 million a year ago.
19/06/2021 1:21 PM


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