Highlights
KLSE: BKAWAN (1899)       BATU KAWAN BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
13.96   -0.02 (0.14%)  13.94 - 14.02  12,700
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Financials


Market Cap: 6,194 Million

Market Cap 6,194 Million
NOSH 444 Million

Latest Audited Result:  30-Sep-2019

Latest Audited Result: 30-Sep-2019
Announcement Date 31-Dec-2019
Next Audited Result: 30-Sep-2020
Est. Ann. Date: 31-Dec-2020
Est. Ann. Due Date: 29-Mar-2021

Latest Quarter:  31-Dec-2019 [#1]

Latest Quarter: 31-Dec-2019 [#1]
Announcement Date 17-Feb-2020
Next Quarter: 31-Mar-2020
Est. Ann. Date: 15-May-2020
Est. Ann. Due Date: 30-May-2020
QoQ | YoY   6.96%  |    -24.32%

Annual (Unaudited) ( EPS: 81.93, P/E: 17.04 )

Revenue | NP to SH 16,045,591  |  363,499
RPS | P/RPS 3,616.59 Cent  |  0.39
EPS | P/E | EY 81.93 Cent  |  17.04  |  5.87%
DPS | DY | Payout % 13.41 Cent  |  0.96%  |  16.36%
NAPS | P/NAPS 12.90  |  1.08
YoY   -21.91%
NP Margin | ROE 4.53%  |  6.35%
F.Y. | Ann. Date 30-Sep-2019  |  19-Nov-2019

T4Q Result ( EPS: 74.44, P/E: 18.75 )

Revenue | NP to SH 16,032,696  |  330,247
RPS | P/RPS 3,613.69 Cent  |  0.39
EPS | P/E | EY 74.44 Cent  |  18.75  |  5.33%
DPS | DY | Payout % 13.46 Cent  |  0.96%  |  18.08%
NAPS | P/NAPS 12.67  |  1.10
QoQ | YoY   -9.14%  |    -22.16%
NP Margin | ROE 4.08%  |  5.88%
F.Y. | Ann. Date 31-Dec-2019  |  17-Feb-2020

Annualized Result ( EPS: 93.25, P/E: 14.97 )

Revenue | NP to SH 16,824,416  |  413,728
RPS | P/RPS 3,792.14 Cent  |  0.37
EPS | P/E | EY 93.25 Cent  |  14.97  |  6.68%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   13.82%  |    -24.32%
NP Margin | ROE 5.17%  |  7.36%
F.Y. | Ann. Date 31-Dec-2019  |  17-Feb-2020


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Sep-2020 17-Feb-2020 31-Dec-2019 1 16,824,416 1,187,008 869,548 413,728 - 5,619,081 - % 5.17% 7.36% 392,394 4,287.63 3,792.14 105.44 93.25 0.00 0.00 14.3200 12.67   13.82%   -24.32% 31-Dec-2019 17.44 0.41 16.54 1.22 6.05% 0.00% 17-Feb-2020 16.22 0.38 15.38 1.13 6.50% 0.00%
30-Sep-2019 19-Nov-2019 30-Sep-2019 4 16,045,591 929,312 727,441 363,499 59,485 5,722,534 16.36% 4.53% 6.35% 396,572 4,046.07 3,616.59 91.66 81.93 15.00 13.41 14.4300 12.90   2.18%   -21.91% 30-Sep-2019 15.68 0.39 17.11 1.09 5.85% 0.96% 19-Nov-2019 15.40 0.38 16.80 1.07 5.95% 0.97%
30-Sep-2019 20-Aug-2019 30-Jun-2019 3 16,164,345 884,341 690,138 355,730 79,474 5,781,748 22.34% 4.27% 6.15% 397,371 4,067.82 3,643.36 89.52 80.18 20.00 17.91 14.5500 13.03   -17.64%   -32.33% 28-Jun-2019 16.70 0.41 18.65 1.15 5.36% 1.20% 20-Aug-2019 16.00 0.39 17.87 1.10 5.60% 1.25%
30-Sep-2019 15-May-2019 31-Mar-2019 2 16,597,168 1,163,154 915,006 431,944 119,412 5,811,413 27.65% 5.51% 7.43% 398,042 4,169.70 3,740.92 108.52 97.36 30.00 26.91 14.6000 13.10   -20.99%   -24.92% 29-Mar-2019 16.98 0.41 15.65 1.16 6.39% 1.77% 15-May-2019 16.80 0.40 15.48 1.15 6.46% 1.79%
30-Sep-2019 18-Feb-2019 31-Dec-2018 1 16,875,996 1,451,320 1,163,704 546,668 - 6,310,947 - % 6.90% 8.66% 399,680 4,222.38 3,803.76 136.76 123.22 0.00 0.00 15.7900 14.22   17.44%   -23.18% 31-Dec-2018 16.68 0.40 12.20 1.06 8.20% 0.00% 18-Feb-2019 17.22 0.41 12.59 1.09 7.94% 0.00%
30-Sep-2018 14-Nov-2018 30-Sep-2018 4 18,966,357 1,276,705 925,681 465,476 60,184 6,596,254 12.93% 4.88% 7.06% 401,232 4,727.03 4,274.92 116.01 104.92 15.00 13.57 16.4400 14.87   -11.45%   -20.65% 28-Sep-2018 17.00 0.36 14.65 1.03 6.82% 0.88% 14-Nov-2018 16.86 0.36 14.53 1.03 6.88% 0.89%
30-Sep-2018 14-Aug-2018 30-Jun-2018 3 19,525,318 1,437,478 1,064,264 525,652 80,285 6,495,072 15.27% 5.45% 8.09% 401,426 4,863.99 4,400.91 130.95 118.48 20.00 18.10 16.1800 14.64   -8.63%   -10.73% 29-Jun-2018 17.90 0.37 13.67 1.11 7.32% 1.12% 14-Aug-2018 17.28 0.36 13.20 1.07 7.58% 1.16%
30-Sep-2018 16-May-2018 31-Mar-2018 2 20,342,728 1,618,410 1,215,872 575,302 120,531 6,376,121 20.95% 5.98% 9.02% 401,772 5,063.25 4,585.15 143.20 129.67 30.00 27.17 15.8700 14.37   -19.15%   -20.29% 30-Mar-2018 18.10 0.36 12.64 1.14 7.91% 1.66% 16-May-2018 18.40 0.36 12.85 1.16 7.78% 1.63%
30-Sep-2018 12-Feb-2018 31-Dec-2017 1 21,366,584 1,947,040 1,508,620 711,596 - 6,635,955 - % 7.06% 10.72% 402,423 5,309.48 4,815.92 176.84 160.39 0.00 0.00 16.4900 14.96   21.30%   -9.94% 29-Dec-2017 19.60 0.37 11.08 1.19 9.02% 0.00% 12-Feb-2018 19.48 0.37 11.02 1.18 9.08% 0.00%
30-Sep-2017 22-Nov-2017 30-Sep-2017 4 21,548,322 1,622,131 1,198,723 586,646 242,461 6,720,215 41.33% 5.56% 8.73% 404,102 5,332.40 4,856.88 145.17 132.23 60.00 54.65 16.6300 15.15   -0.37%   -28.91% 29-Sep-2017 19.12 0.36 13.17 1.15 7.59% 3.14% 22-Nov-2017 19.80 0.37 13.64 1.19 7.33% 3.03%
30-Sep-2017 15-Aug-2017 30-Jun-2017 3 21,662,306 1,599,378 1,199,148 588,849 80,889 6,612,741 13.74% 5.54% 8.90% 404,449 5,356.00 4,882.57 145.59 132.72 20.00 18.23 16.3500 14.90   -18.41%   -29.95% 30-Jun-2017 18.90 0.35 12.98 1.16 7.70% 1.06% 15-Aug-2017 19.00 0.35 13.05 1.16 7.66% 1.05%
30-Sep-2017 22-May-2017 31-Mar-2017 2 22,467,710 1,903,008 1,489,334 721,716 121,447 6,631,049 16.83% 6.63% 10.88% 404,826 5,549.97 5,064.11 178.28 162.67 30.00 27.37 16.3800 14.95   -8.66%   -25.13% 31-Mar-2017 19.38 0.35 10.87 1.18 9.20% 1.55% 22-May-2017 18.40 0.33 10.32 1.12 9.69% 1.63%
30-Sep-2017 14-Feb-2017 31-Dec-2016 1 22,519,680 2,055,212 1,638,072 790,172 - 6,452,988 - % 7.27% 12.25% 405,084 5,559.26 5,075.82 195.08 178.10 0.00 0.00 15.9300 14.54   -4.24%   -49.02% 30-Dec-2016 18.40 0.33 9.43 1.16 10.60% 0.00% 14-Feb-2017 19.80 0.36 10.15 1.24 9.85% 0.00%
30-Sep-2016 16-Nov-2016 30-Sep-2016 4 16,969,251 1,822,586 1,776,895 825,168 223,149 6,089,965 27.04% 10.47% 13.55% 405,727 4,182.43 3,824.78 203.38 185.99 55.00 50.30 15.0100 13.73   -1.83%   70.19% 30-Sep-2016 18.18 0.43 8.94 1.21 11.19% 3.03% 16-Nov-2016 18.30 0.44 9.00 1.22 11.11% 3.01%
30-Sep-2016 17-Aug-2016 30-Jun-2016 3 16,410,882 2,086,205 1,805,781 840,578 81,173 5,755,201 9.66% 11.00% 14.61% 405,867 4,043.41 3,698.93 207.11 189.46 20.00 18.30 14.1800 12.97   -12.80%   70.61% 30-Jun-2016 17.80 0.44 8.59 1.26 11.64% 1.12% 17-Aug-2016 17.96 0.44 8.67 1.27 11.53% 1.11%
30-Sep-2016 16-May-2016 31-Mar-2016 2 16,529,418 2,414,298 2,112,040 963,922 121,809 5,716,942 12.64% 12.78% 16.86% 406,032 4,070.96 3,725.65 237.40 217.26 30.00 27.46 14.0800 12.89   -37.82%   102.64% 31-Mar-2016 18.30 0.45 7.71 1.30 12.97% 1.64% 16-May-2016 17.62 0.43 7.42 1.25 13.47% 1.70%
30-Sep-2016 17-Feb-2016 31-Dec-2015 1 17,801,036 3,754,644 3,401,172 1,550,104 - 5,944,124 - % 19.11% 26.08% 406,296 4,381.29 4,012.26 381.52 349.39 0.00 0.00 14.6300 13.40   219.71%   231.35% 31-Dec-2015 17.50 0.40 4.59 1.20 21.80% 0.00% 17-Feb-2016 17.80 0.41 4.67 1.22 21.43% 0.00%
30-Sep-2015 18-Nov-2015 30-Sep-2015 4 14,055,308 1,241,522 970,468 484,840 203,799 5,624,877 42.03% 6.90% 8.62% 407,599 3,448.31 3,167.99 118.95 109.28 50.00 45.94 13.8000 12.68   -1.59%   -7.04% 30-Sep-2015 16.78 0.49 14.11 1.22 7.09% 2.98% 18-Nov-2015 17.56 0.51 14.76 1.27 6.77% 2.85%
30-Sep-2015 19-Aug-2015 30-Jun-2015 3 13,351,073 1,298,690 1,021,785 492,677 81,578 5,176,130 16.56% 7.65% 9.52% 407,890 3,273.20 3,009.26 120.79 111.05 20.00 18.39 12.6900 11.67   3.57%   -14.21% 30-Jun-2015 18.22 0.56 15.08 1.44 6.63% 1.10% 19-Aug-2015 17.82 0.54 14.75 1.40 6.78% 1.12%
30-Sep-2015 20-May-2015 31-Mar-2015 2 12,748,354 1,278,164 986,144 475,692 122,432 4,962,607 25.74% 7.74% 9.59% 408,109 3,123.76 2,873.41 116.56 107.22 30.00 27.60 12.1600 11.19   1.68%   -25.72% 31-Mar-2015 18.24 0.58 15.65 1.50 6.39% 1.64% 20-May-2015 18.18 0.58 15.60 1.50 6.41% 1.65%
30-Sep-2015 16-Feb-2015 31-Dec-2014 1 12,858,188 1,273,096 987,208 467,816 - 4,869,338 - % 7.68% 9.61% 408,501 3,147.65 2,898.17 114.52 105.44 0.00 0.00 11.9200 10.98   -10.30%   -25.49% 31-Dec-2014 17.34 0.55 15.14 1.45 6.60% 0.00% 16-Feb-2015 18.72 0.59 16.35 1.57 6.12% 0.00%
30-Sep-2014 19-Nov-2014 30-Sep-2014 4 11,499,664 1,417,281 1,106,715 521,546 246,652 4,657,614 47.29% 9.62% 11.20% 411,086 2,797.38 2,591.96 126.87 117.55 60.00 55.59 11.3300 10.50   -9.18%   7.82% 30-Sep-2014 19.10 0.68 15.05 1.69 6.64% 3.14% 19-Nov-2014 18.48 0.66 14.57 1.63 6.87% 3.25%
30-Sep-2014 20-Aug-2014 30-Jun-2014 3 11,506,165 1,546,868 1,223,656 574,289 82,339 4,664,522 14.34% 10.63% 12.31% 411,696 2,794.82 2,593.43 139.49 129.44 20.00 18.56 11.3300 10.51   -10.32%   20.20% 30-Jun-2014 19.80 0.71 14.19 1.75 7.05% 1.01% 20-Aug-2014 19.66 0.70 14.09 1.74 7.10% 1.02%
30-Sep-2014 21-May-2014 31-Mar-2014 2 11,220,298 1,721,288 1,366,236 640,378 123,864 4,789,416 19.34% 12.18% 13.37% 412,880 2,717.56 2,529.00 155.10 144.34 30.00 27.92 11.6000 10.80   1.99%   29.21% 31-Mar-2014 19.70 0.72 12.70 1.70 7.87% 1.52% 21-May-2014 19.78 0.73 12.75 1.71 7.84% 1.52%
30-Sep-2014 19-Feb-2014 31-Dec-2013 1 10,347,348 1,639,312 1,306,144 627,888 - 4,715,364 - % 12.62% 13.32% 413,628 2,501.60 2,332.24 151.80 141.52 0.00 0.00 11.4000 10.63   29.81%   13.02% 31-Dec-2013 19.60 0.78 12.91 1.72 7.74% 0.00% 19-Feb-2014 20.00 0.80 13.18 1.75 7.59% 0.00%
30-Sep-2013 20-Nov-2013 30-Sep-2013 4 9,466,245 1,285,791 1,032,434 483,709 228,321 4,570,577 47.20% 10.91% 10.58% 415,129 2,280.31 2,133.64 116.52 109.03 55.00 51.46 11.0100 10.30   1.24%   -20.14% 30-Sep-2013 18.50 0.81 15.88 1.68 6.30% 2.97% 20-Nov-2013 20.00 0.88 17.16 1.82 5.83% 2.75%
30-Sep-2013 20-Aug-2013 30-Jun-2013 3 9,284,646 1,235,794 1,007,732 477,765 83,060 3,833,252 17.39% 10.85% 12.46% 415,303 2,235.63 2,092.71 115.04 107.69 20.00 18.72 9.2300 8.64   -3.60%   -10.27% 28-Jun-2013 18.70 0.84 16.26 2.03 6.15% 1.07% 20-Aug-2013 18.26 0.82 15.87 1.98 6.30% 1.10%
30-Sep-2013 22-May-2013 31-Mar-2013 2 9,414,702 1,357,892 1,060,846 495,622 124,674 3,810,878 25.16% 11.27% 13.01% 415,581 2,265.43 2,122.03 119.26 111.71 30.00 28.10 9.1700 8.59   -10.79%   -11.57% 29-Mar-2013 18.10 0.80 15.18 1.97 6.59% 1.66% 22-May-2013 19.10 0.84 16.02 2.08 6.24% 1.57%
30-Sep-2013 20-Feb-2013 31-Dec-2012 1 9,598,616 1,510,412 1,167,184 555,572 - 3,897,656 - % 12.16% 14.25% 415,971 2,307.52 2,163.48 133.56 125.22 0.00 0.00 9.3700 8.79   -8.27%   -17.42% 31-Dec-2012 19.00 0.82 14.23 2.03 7.03% 0.00% 20-Feb-2013 18.58 0.81 13.91 1.98 7.19% 0.00%
30-Sep-2012 21-Nov-2012 30-Sep-2012 4 336,541 625,644 611,943 605,687 270,898 3,734,229 44.73% 181.83% 16.22% 416,766 80.75 75.85 145.33 136.52 65.00 61.06 8.9600 8.42   13.76%   -22.29% 28-Sep-2012 18.00 22.29 12.39 2.01 8.07% 3.61% 21-Nov-2012 17.74 21.97 12.21 1.98 8.19% 3.66%
30-Sep-2012 29-Aug-2012 30-Jun-2012 3 333,112 551,786 537,737 532,446 83,368 3,576,507 15.66% 161.43% 14.89% 416,842 79.91 75.08 127.73 120.01 20.00 18.79 8.5800 8.06   -5.00%   -26.53% 29-Jun-2012 18.38 23.00 14.39 2.14 6.95% 1.09% 29-Aug-2012 18.96 23.73 14.84 2.21 6.74% 1.05%
30-Sep-2012 24-May-2012 31-Mar-2012 2 334,668 581,822 566,028 560,490 125,053 3,668,237 22.31% 169.13% 15.28% 416,845 80.29 75.43 134.46 126.33 30.00 28.19 8.8000 8.27   -16.69%   -15.83% 30-Mar-2012 18.68 23.27 13.89 2.12 7.20% 1.61% 24-May-2012 17.90 22.30 13.31 2.03 7.51% 1.68%
30-Sep-2012 22-Feb-2012 31-Dec-2011 1 337,124 691,836 677,676 672,740 - 3,802,298 - % 201.02% 17.69% 416,918 80.86 75.99 161.36 151.63 0.00 0.00 9.1200 8.57   -13.69%   13.41% 30-Dec-2011 17.46 21.59 10.82 1.91 9.24% 0.00% 22-Feb-2012 18.80 23.25 11.65 2.06 8.58% 0.00%
30-Sep-2011 23-Nov-2011 30-Sep-2011 4 283,140 785,356 787,323 779,468 397,154 3,678,905 50.95% 278.07% 21.19% 418,057 67.73 63.82 186.45 175.69 95.00 89.52 8.8000 8.29   7.56%   37.36% 30-Sep-2011 14.96 22.09 8.02 1.70 12.46% 6.35% 23-Nov-2011 16.20 23.92 8.69 1.84 11.51% 5.86%
30-Sep-2011 16-Aug-2011 30-Jun-2011 3 278,516 741,756 730,025 724,674 83,667 3,530,780 11.55% 262.11% 20.52% 418,338 66.58 62.78 173.23 163.34 20.00 18.86 8.4400 7.96   8.82%   29.64% 30-Jun-2011 17.12 25.71 9.88 2.03 10.12% 1.17% 16-Aug-2011 15.86 23.82 9.16 1.88 10.92% 1.26%
30-Sep-2011 25-May-2011 31-Mar-2011 2 271,892 682,986 670,514 665,938 125,569 3,310,854 18.86% 246.61% 20.11% 418,565 64.96 61.28 159.10 150.10 30.00 28.30 7.9100 7.46   12.26%   52.65% 31-Mar-2011 15.24 23.46 9.58 1.93 10.44% 1.97% 25-May-2011 16.22 24.97 10.19 2.05 9.81% 1.85%
30-Sep-2011 23-Feb-2011 31-Dec-2010 1 264,680 603,676 594,160 593,216 - 3,342,179 - % 224.48% 17.75% 418,819 63.20 59.66 141.64 133.71 0.00 0.00 7.9800 7.53   4.54%   28.00% 30-Dec-2010 16.90 26.74 11.93 2.12 8.38% 0.00% 23-Feb-2011 15.98 25.29 11.28 2.00 8.86% 0.00%
30-Sep-2010 29-Nov-2010 30-Sep-2010 4 224,426 572,504 569,195 567,452 274,887 3,159,089 48.44% 253.62% 17.96% 422,903 53.07 50.58 134.18 127.90 65.00 61.96 7.4700 7.12   1.51%   68.21% 30-Sep-2010 12.28 23.14 9.15 1.64 10.93% 5.29% 29-Nov-2010 15.60 29.40 11.63 2.09 8.60% 4.17%
30-Sep-2010 18-Aug-2010 30-Jun-2010 3 222,884 566,606 561,056 558,986 84,797 3,107,837 15.17% 251.73% 17.99% 423,988 52.57 50.24 131.84 125.99 20.00 19.11 7.3300 7.00   28.14%   81.43% 30-Jun-2010 10.80 20.54 8.19 1.47 12.21% 1.85% 18-Aug-2010 11.60 22.07 8.80 1.58 11.37% 1.72%
30-Sep-2010 26-May-2010 31-Mar-2010 2 223,678 443,464 438,002 436,248 127,607 3,007,286 29.25% 195.82% 14.51% 425,358 52.59 50.42 102.56 98.33 30.00 28.76 7.0700 6.78   -5.87%   68.76% 31-Mar-2010 10.68 20.31 10.41 1.51 9.60% 2.81% 26-May-2010 10.40 19.78 10.14 1.47 9.86% 2.88%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  2 people like this.
 
neverlose how long can i hold bkawan for?
18/01/2019 5:38 PM
Weeah Wang worth to buy in bkawan?
24/01/2019 3:39 PM
matg Post removed. Why?
24/01/2019 3:45 PM
LouiseS The EPS fluctuated considerably in last five years, from 115 to 203 sen per share, PE around 15, ROE around 6.5% and dividend yield 3.29%

https://louisesinvesting.blogspot.com/2019/01/preliminary-screening-of-counters-with_25.html
26/01/2019 12:49 PM
sheldon There was a RM696m drop in AFS investment. It was clarified to me that the drop was due to decline in price of shares of a company listed on London Stock Exchange, invested by KLK.
19/02/2019 11:35 AM
Cipta Anyone here attend AGM? any story from there?
19/02/2019 5:28 PM
James Ng https://klse.i3investor.com/blogs/general/201242.jsp
[转贴] [BATU KAWAN BHD:如果毛棕榈油价格能够持续恢复,那么2019财政年度集团种植园的利润前景将会令人满意,预计巴都加湾的油脂化学业务将通过提高产能利用率和提高利润率来维持其业绩] - James的股票投资James Share Investing
06/04/2019 2:11 PM
VSOLAR Sailang Margin All In This company looks very interesting too me... But gearing seems a bit on the high side..
07/04/2019 12:45 PM
Sami_Value palm oil, if recovering will have a very broad +ve impact to our public pockets....last weekend, the FFB price was only at RM280/ton.
08/04/2019 8:21 AM
casion911 wqeawk
17/04/2019 5:14 PM
sheldon Interim dividend announcement around the corner
14/05/2019 3:42 PM
sheldon Wow! A great achievement! The company has reached almost the statutory limit of 10% in share repurchase.

I love this management!
26/10/2019 10:47 PM
Rwkl They were buying from $20 till all the way down to the current price.
With no more bullets, it will be interesting to see.......
14/11/2019 10:48 PM
sheldon Positive on EPS, all things being equal.

They are not permitted to buy any more.
19/11/2019 7:37 AM
sheldon I fear that this Co has all the ingredients to be taken private namely:

1) 10% of shares taken off the market making it cheaper
2) hardly any trading liquidity
3) under appreciated by the investors (i.e. cheap) - resulting that the major shareholder could acquire the Co for a song

We, the non-controlling interest would then have to give up this prized possession with little compensation
19/11/2019 3:40 PM
Fabien "The Efficient Capital Allocater" too illiquid to my liking

in situation like this, shareholders interest tend to be not taken care of. in other words, ignored
19/11/2019 4:18 PM
Rwkl I have always wondered how KLK are so richly valued compared to them. Well I suppose one can view insas and Imari in the same light
19/11/2019 8:54 PM
sheldon Rwkl - I see your point on KLK especially on PE basis but not so much on net asset/share basis relative to other plantation cos.

Despite that B. Kawan with its industrial chemical business & Oleochemical via KLK is quite attractive at today's prices.
20/11/2019 10:57 AM
sheldon Looks like someone's taking my advise really seriously. There's a bump in trading volume.
20/11/2019 3:19 PM
smallfishyu Batu Kawan Bhd’s net profit for the financial year ended September 30, 2019 fell to RM363.49 million from RM365.68 million a year ago.

Revenue declined 15.3 per cent to RM16.05 billion from RM18.95 billion previously, due to weaker performance from the plantation, manufacturing and industrial chemical division, it said in a filing with Bursa Malaysia today.


The group said the plantation segment posted a 19.3 per cent lower revenue of RM6.39 million impacted by weaker crude palm oil (CPO) and palm kernel (PK) prices, while manufacturing reported a 13.2 per cent lower revenue of RM9.19 million.
21/11/2019 3:05 PM
sheldon CPO prices have since increased by a big jump, which should augur well for cash levels and dividends.
24/11/2019 9:30 AM
sheldon My open letter, emailed to the senior management....

Dear Management,

Share Buyback
As a shareholder, I am very very happy with the Batu Kawan (BK) Management for removing 10% of issued shares. A lot of money, time & effort have been put in this endeavor. As you may be aware, the PE ratio is a relative constant for given company which in the case of BK is 13++.

Going forward, if the total earnings can be maintained, BK share price can be expected to rise which is good news for shareholders. It also means better ROE and dividends per share.

DRP - New Capital for what purpose?
The share buyback implies that BK has returned excess capital. Now with DRP the entire process will be reversed. There'll be a surplus capital coming out of the pockets of shareholders. Does BK need this extra money? What will this new capital be for? BK after all has over the years of existence been conservatively reinvesting a big chunk of yearly profits back into the business.

Perhaps there an intention to privatise BK?

Let's enjoy life
I certainly need the cash from dividends and I'm sure most of the shareholders also want this twice a year cash for enjoyment & settlement of bills. I'm aware I've a choice but I do not want it at the expense of diluting my stake. Dear major shareholders, please let's enjoy life and not plough-back every excess penny that you get.

Getting Richer Without DRP
At this current state of affairs without DRP, I can reasonably infer that going forward, the share price will appreciate for this well-run company by simply maintaining the earnings. Shareholders will get to spend the entire dividend money (or diversify and invest it another company) and without the concern of dilution.

Please do take note. If you have valid reasons for this, I'd like to hear it.

TQ
27/11/2019 5:43 PM
Cipta hi Sheldon, even senior management see your plea here they will pretend don't know unless you bring it up in the coming AGM for them to answer.
29/11/2019 4:04 PM
sheldon AGM not announced yet i understand
29/11/2019 10:53 PM
sheldon Gallop on baby!!
09/12/2019 12:11 PM
DickyMe How shameful. Once this stock traded at more than RM 100 per share, today selling at goreng pisang price.
09/12/2019 6:06 PM
sheldon DickyMe How shameful. Once this stock traded at more than RM 100 per share, today selling at goreng pisang price.

I doubt it. Even if it had then perhaps there must have been a bonus issue and/or share split.
09/12/2019 11:06 PM
DickyMe In doubt, normally they do check up. Fly back to 40 years ago. The current data is limited. Go to library and pore through old newspaper. Those days no computer. It is not bonus issue or splits which caused the slide but politic and policies since 1980s. You must thank Dr. Mahatir for killing good companies.
10/12/2019 3:11 PM
sheldon This is the response to my open letter I got from the management of BK ...

Sorry for the late reply.

BKB has been investing in several property development projects in Australia with further capital commitments and BKB is also looking into other investment opportunities. Besides, BKB Chemical Group is embarking on several projects i.e. building on-site co-generation as reported in last year’s annual report and investing in better technology in its key process in the chlor-alkali operation.

Save for the above, the DRP will provide shareholders the opportunity to enhance their equity participation in the Company at a discounted price over long term.


Best regards,


Goh Swee Eng

Chief Financial Officer/Company Secretary
11/12/2019 11:04 AM
DickyMe Even then it does not justify around 80% capital erosion.
11/12/2019 7:07 PM
sheldon DickyMe - I'm trying to get some info on this erosion which I think is quite possible.

Could you provide some link or reference on this matter?
12/12/2019 9:07 AM
DickyMe I have searched the net but unavailable. Only source is old newspaper.(early 1980), I remember looking at the stocks section - The Star. I don't have the paper now. That's almost 40 years ago.
12/12/2019 10:29 AM
DickyMe WSJ's website historical price begins from June 1994
https://quotes.wsj.com/MY/XKLS/1899/historical-prices

Then it was around RM 2.xxx
12/12/2019 10:45 AM
DickyMe There are some protected research papers and books about Malaysian stocks from 1970s.

Perhaps this link may provide the information if you want to dig deeper
https://www.sciencedirect.com/science/article/pii/S2214845015300703#bib17. Wiley Online Library requires registration, I pass on it.
12/12/2019 11:11 AM
sheldon tq DickyMe
12/12/2019 4:08 PM
sheldon WSJ historical prices reveal some interesting stats.

Based on June 94 price of 2.40 vs Dec 2019 price of 16.60, compounded annual gain (excluding the handsome intermittent dividends) = 7.9%!

If we compare June 94 to Dec 2016, then the gain is 9.4%!!

I hope somebody invents a time tunnel.
12/12/2019 4:45 PM
Rwkl Fell from $100?ll
Wow....1lot,more than 100k? Not many could even dream buying.
I can’t ever recollect that price”
13/12/2019 5:38 PM
sheldon BK main man Tan Sri Dato Lee has been picking up a couple of lots but because of trading illiquidity, that was enough for the share to climb precipitously.

Just speculating - Maybe he wants shareholders to pay more for the DRP
13/12/2019 9:50 PM
LouiseS Batu Kawan derives most of its profits from KLK, which is its own subsidiary. It is also involved in chemicals manufacturing. Batu Kawan's earning performance has been overall decreasing in last five years, whereby its earning per share overall decreased from 126.9 sen to 116 sen. Return on equity is around 7%. Dividend paid to shareholders in 2018 is 55 sen per share. Dividend yield is around 3.3%.

https://louisesinvesting.blogspot.com/2019/12/comments-on-batu-kawan-berhad-1899.html
15/12/2019 11:16 PM
sheldon The devil's in the details but in a nutshell ...

BK is primarily driven by CPO prices given the big chunk of dividends it receives from KLK.

However it is somewhat mitigated by the oppositely correlated impact on downstream oleo chemicals that enjoy improved margins at lower CPO.

Then there's the earnings from industrial chemicals and smaller stuff from property development.
16/12/2019 5:49 AM
Cipta It is logical to keep only one co listed which its business overlapping. A big saving to the holding co if taking either one private.
16/12/2019 10:10 PM
sheldon CPO rise is strangely meteoric but who's complaining!
27/12/2019 3:37 PM
sheldon Is the drop due to some nut making idiotic statements resulting in us losing the high-margin refined palm oil oleo-chemical business?
10/01/2020 5:44 PM
danielleesing ipoh-based Batu Kawan Bhd is widely known as the parent company of locally listed plantation giant Kuala Lumpur Kepong Bhd (KLK). However, many may not know that Batu Kawan is also Malaysia’s largest producer of chlor-alkali chemical products, which include chlorine, caustic soda and hydrochloric acid.

Its chemical plants in Perak and Terengganu have an annual production capacity of 116,000 tonnes of caustic soda. These factories run at an average utilisation rate of close to 90%. The group’s market share is estimated at 55% to 60%.

To be sure, the bulk of Batu Kawan’s profit comes from KLK. Even so, profit attributable to Batu Kawan’s shareholders grew to RM825.2 million in FY2016 from RM483.7 million in FY2013, translating into a three-year compound annual growth rate of nearly 20%. While KLK’s is slightly more impressive at 20.2%, we had imposed a penalty on KLK in The Edge Billion Ringgit Club calculations as its FY2015 net profit fell below the FY2013 base year, resulting in Batu Kawan coming just ahead of KLK for the 2017 BRC award for highest growth in profit after tax over three years.
15/01/2020 1:30 PM
LouiseS Based on comparison of 44 plantation counters listed in Bursa Malaysia, BATU KAWAN is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. BATU KAWAN stands out in performance indicators such as having consistently high earning per share (> 50 sen per share), high NTA per share (RM 14.4 per share) and relatively low P/E ratio of ~20.

https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html
20/01/2020 12:28 PM
Cipta Batu Kawan's bleaching earth is dominant in local Palm Oil refinery.
Her subsidiaries' Syntomer is dominant in synthetic Glove manufacturing.
22/01/2020 1:18 PM
sheldon I guess no DRIP take up this round in view of the steep decline in the share price.
31/01/2020 12:22 PM
mf European markets turn negative as coronavirus fears overpower stimulus momentum
19/03/2020 10:58 PM
sheldon The incentive to buy now is the probable 15 sen dividend to be announced in May - a yearly affair (unless management decides that the Co wants to hoard cash)
02/04/2020 3:42 PM
sheldon Come on brother!
Declare that 15 sen dividend.
Go on!
I haven't got all day.
18/05/2020 6:13 AM