Highlights
KLSE: BKAWAN (1899)       BATU KAWAN BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
15.84   +0.14 (0.89%)  15.70 - 15.88  43,400
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Financials


Market Cap: 6,905 Million

Market Cap 6,905 Million
NOSH 436 Million

Latest Audited Result:  30-Sep-2018

Latest Audited Result: 30-Sep-2018
Announcement Date 31-Dec-2018
Next Audited Result: 30-Sep-2019
Est. Ann. Date: 31-Dec-2019
Est. Ann. Due Date: 28-Mar-2020

Latest Quarter:  30-Sep-2019 [#4]

Latest Quarter: 30-Sep-2019 [#4]
Announcement Date 19-Nov-2019
Next Quarter: 31-Dec-2019
Est. Ann. Date: 18-Feb-2020
Est. Ann. Due Date: 29-Feb-2020
QoQ | YoY   90.26%  |    35.75%

Annual (Unaudited) ( EPS: 83.38, P/E: 19.00 )

Revenue | NP to SH 16,045,591  |  363,499
RPS | P/RPS 3,680.60 Cent  |  0.43
EPS | P/E | EY 83.38 Cent  |  19.00  |  5.26%
DPS | DY | Payout % 13.65 Cent  |  0.86%  |  16.36%
NAPS | P/NAPS 13.13  |  1.21
YoY   -21.91%
NP Margin | ROE 4.53%  |  6.35%
F.Y. | Ann. Date 30-Sep-2019  |  19-Nov-2019

T4Q Result ( EPS: 83.38, P/E: 19.00 )

Revenue | NP to SH 16,045,591  |  363,482
RPS | P/RPS 3,680.60 Cent  |  0.43
EPS | P/E | EY 83.38 Cent  |  19.00  |  5.26%
DPS | DY | Payout % 13.70 Cent  |  0.86%  |  16.43%
NAPS | P/NAPS 13.13  |  1.21
QoQ | YoY   7.53%  |    -21.91%
NP Margin | ROE 4.53%  |  6.35%
F.Y. | Ann. Date 30-Sep-2019  |  19-Nov-2019

Annualized Result ( EPS: 83.38, P/E: 19.00 )

Revenue | NP to SH 16,045,591  |  363,499
RPS | P/RPS 3,680.60 Cent  |  0.43
EPS | P/E | EY 83.38 Cent  |  19.00  |  5.26%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   2.18%  |    -21.91%
NP Margin | ROE 4.53%  |  6.35%
F.Y. | Ann. Date 30-Sep-2019  |  19-Nov-2019


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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-2019 19-Nov-2019 30-Sep-2019 4 3,922,332 266,056 209,837 96,701 - 5,722,534 - % 5.35% 1.69% 396,572 989.06 899.72 24.38 22.18 0.00 0.00 14.4300 13.13   90.26%   35.75% 30-Sep-2019 15.68 1.59 64.30 1.09 1.56% 0.00% 19-Nov-2019 15.40 1.56 63.16 1.07 1.58% 0.00%
30-Sep-2019 20-Aug-2019 30-Jun-2019 3 3,824,675 81,679 60,101 50,826 - 5,781,748 - % 1.57% 0.88% 397,371 962.49 877.32 12.79 11.66 0.00 0.00 14.5500 13.26   -35.90%   -52.32% 28-Jun-2019 16.70 1.74 130.56 1.15 0.77% 0.00% 20-Aug-2019 16.00 1.66 125.09 1.10 0.80% 0.00%
30-Sep-2019 15-May-2019 31-Mar-2019 2 4,079,585 218,728 166,558 79,288 59,706 5,811,413 75.30% 4.08% 1.36% 398,042 1,024.91 935.79 19.92 18.19 15.00 13.70 14.6000 13.33   -41.98%   -27.76% 29-Mar-2019 16.98 1.66 85.24 1.16 1.17% 0.88% 15-May-2019 16.80 1.64 84.34 1.15 1.19% 0.89%
30-Sep-2019 18-Feb-2019 31-Dec-2018 1 4,218,999 362,830 290,926 136,667 - 6,310,947 - % 6.90% 2.17% 399,680 1,055.59 967.77 34.19 31.35 0.00 0.00 15.7900 14.48   91.85%   -23.18% 31-Dec-2018 16.68 1.58 48.78 1.06 2.05% 0.00% 18-Feb-2019 17.22 1.63 50.36 1.09 1.99% 0.00%
30-Sep-2018 14-Nov-2018 30-Sep-2018 4 4,322,368 198,596 127,483 71,237 - 6,596,254 - % 2.95% 1.08% 401,232 1,077.27 991.48 17.75 16.34 0.00 0.00 16.4400 15.13   -33.17%   -50.87% 28-Sep-2018 17.00 1.58 95.75 1.03 1.04% 0.00% 14-Nov-2018 16.86 1.57 94.96 1.03 1.05% 0.00%
30-Sep-2018 14-Aug-2018 30-Jun-2018 3 4,472,625 268,904 190,262 106,588 - 6,495,072 - % 4.25% 1.64% 401,426 1,114.18 1,025.95 26.55 24.45 0.00 0.00 16.1800 14.90   -2.88%   31.95% 29-Jun-2018 17.90 1.61 67.41 1.11 1.48% 0.00% 14-Aug-2018 17.28 1.55 65.08 1.07 1.54% 0.00%
30-Sep-2018 16-May-2018 31-Mar-2018 2 4,829,718 322,445 230,781 109,752 60,265 6,376,121 54.91% 4.78% 1.72% 401,772 1,202.10 1,107.86 27.32 25.18 15.00 13.82 15.8700 14.63   -38.31%   -32.80% 30-Mar-2018 18.10 1.51 66.26 1.14 1.51% 0.83% 16-May-2018 18.40 1.53 67.36 1.16 1.48% 0.82%
30-Sep-2018 12-Feb-2018 31-Dec-2017 1 5,341,646 486,760 377,155 177,899 - 6,635,955 - % 7.06% 2.68% 402,423 1,327.37 1,225.29 44.21 40.81 0.00 0.00 16.4900 15.22   22.68%   -9.94% 29-Dec-2017 19.60 1.48 44.34 1.19 2.26% 0.00% 12-Feb-2018 19.48 1.47 44.07 1.18 2.27% 0.00%
30-Sep-2017 22-Nov-2017 30-Sep-2017 4 5,301,592 422,597 299,362 145,009 181,845 6,720,215 125.40% 5.65% 2.16% 404,102 1,311.94 1,216.10 35.88 33.26 45.00 41.71 16.6300 15.42   79.51%   -25.53% 29-Sep-2017 19.12 1.46 53.28 1.15 1.88% 2.35% 22-Nov-2017 19.80 1.51 55.18 1.19 1.81% 2.27%
30-Sep-2017 15-Aug-2017 30-Jun-2017 3 5,012,875 248,030 154,694 80,779 - 6,612,741 - % 3.09% 1.22% 404,449 1,239.43 1,149.87 19.97 18.53 0.00 0.00 16.3500 15.17   -50.54%   -45.59% 30-Jun-2017 18.90 1.52 94.63 1.16 1.06% 0.00% 15-Aug-2017 19.00 1.53 95.13 1.16 1.05% 0.00%
30-Sep-2017 22-May-2017 31-Mar-2017 2 5,603,935 437,701 335,149 163,315 60,723 6,631,049 37.18% 5.98% 2.46% 404,826 1,384.28 1,285.45 40.34 37.46 15.00 13.93 16.3800 15.21   -17.33%   72.94% 31-Mar-2017 19.38 1.40 48.04 1.18 2.08% 0.77% 22-May-2017 18.40 1.33 45.61 1.12 2.19% 0.82%
30-Sep-2017 14-Feb-2017 31-Dec-2016 1 5,629,920 513,803 409,518 197,543 - 6,452,988 - % 7.27% 3.06% 405,084 1,389.82 1,291.41 48.77 45.31 0.00 0.00 15.9300 14.80   1.44%   -49.02% 30-Dec-2016 18.40 1.32 37.73 1.16 2.65% 0.00% 14-Feb-2017 19.80 1.42 40.60 1.24 2.46% 0.00%
30-Sep-2016 16-Nov-2016 30-Sep-2016 4 4,661,089 257,932 422,559 194,734 162,278 6,089,494 83.33% 9.07% 3.20% 405,695 1,148.91 1,069.18 48.00 44.67 40.00 37.22 15.0100 13.97   31.16%   68.85% 30-Sep-2016 18.18 1.58 37.88 1.21 2.64% 2.20% 16-Nov-2016 18.30 1.59 38.13 1.22 2.62% 2.19%
30-Sep-2016 17-Aug-2016 30-Jun-2016 3 4,043,453 357,505 298,316 148,473 - 5,755,459 - % 7.38% 2.58% 405,885 996.20 927.50 36.58 34.06 0.00 0.00 14.1800 13.20   57.22%   12.77% 30-Jun-2016 17.80 1.79 48.66 1.26 2.06% 0.00% 17-Aug-2016 17.96 1.80 49.10 1.27 2.04% 0.00%
30-Sep-2016 16-May-2016 31-Mar-2016 2 3,814,450 268,488 205,727 94,435 60,899 5,716,443 64.49% 5.39% 1.65% 405,997 939.53 874.97 23.26 21.66 15.00 13.97 14.0800 13.11   -75.63%   -21.88% 31-Mar-2016 18.30 1.95 78.68 1.30 1.27% 0.82% 16-May-2016 17.62 1.88 75.75 1.25 1.32% 0.85%
30-Sep-2016 17-Feb-2016 31-Dec-2015 1 4,450,259 938,661 850,293 387,526 - 5,944,124 - % 19.11% 6.52% 406,296 1,095.32 1,020.82 95.38 88.89 0.00 0.00 14.6300 13.63   236.01%   231.35% 31-Dec-2015 17.50 1.60 18.35 1.20 5.45% 0.00% 17-Feb-2016 17.80 1.63 18.66 1.22 5.36% 0.00%
30-Sep-2015 18-Nov-2015 30-Sep-2015 4 4,042,003 267,504 204,129 115,332 142,636 5,623,963 123.67% 5.05% 2.05% 407,533 991.82 927.17 28.30 26.46 35.00 32.72 13.8000 12.90   -12.40%   26.98% 30-Sep-2015 16.78 1.69 59.29 1.22 1.69% 2.09% 18-Nov-2015 17.56 1.77 62.05 1.27 1.61% 1.99%
30-Sep-2015 19-Aug-2015 30-Jun-2015 3 3,639,128 334,936 273,267 131,662 - 5,175,931 - % 7.51% 2.54% 407,874 892.22 834.76 32.28 30.20 0.00 0.00 12.6900 11.87   8.91%   19.12% 30-Jun-2015 18.22 2.04 56.44 1.44 1.77% 0.00% 19-Aug-2015 17.82 2.00 55.20 1.40 1.81% 0.00%
30-Sep-2015 20-May-2015 31-Mar-2015 2 3,159,630 320,808 246,270 120,892 61,221 4,963,020 50.64% 7.79% 2.44% 408,143 774.15 724.77 29.62 27.73 15.00 14.04 12.1600 11.38   3.37%   -25.93% 31-Mar-2015 18.24 2.36 61.58 1.50 1.62% 0.82% 20-May-2015 18.18 2.35 61.38 1.50 1.63% 0.83%
30-Sep-2015 16-Feb-2015 31-Dec-2014 1 3,214,547 318,274 246,802 116,954 - 4,869,338 - % 7.68% 2.40% 408,501 786.91 737.36 28.63 26.83 0.00 0.00 11.9200 11.17   28.76%   -25.49% 31-Dec-2014 17.34 2.20 60.57 1.45 1.65% 0.00% 16-Feb-2015 18.72 2.38 65.39 1.57 1.53% 0.00%
30-Sep-2014 19-Nov-2014 30-Sep-2014 4 2,870,040 257,130 188,973 90,829 185,029 4,658,635 203.71% 6.58% 1.95% 411,177 698.01 658.34 22.09 20.83 45.00 42.44 11.3300 10.69   -17.82%   -27.56% 30-Sep-2014 19.10 2.74 86.46 1.69 1.16% 2.36% 19-Nov-2014 18.48 2.65 83.66 1.63 1.20% 2.44%
30-Sep-2014 20-Aug-2014 30-Jun-2014 3 3,019,475 299,507 234,624 110,528 - 4,663,993 - % 7.77% 2.37% 411,649 733.51 692.62 26.85 25.35 0.00 0.00 11.3300 10.70   -32.28%   0.01% 30-Jun-2014 19.80 2.70 73.74 1.75 1.36% 0.00% 20-Aug-2014 19.66 2.68 73.22 1.74 1.37% 0.00%
30-Sep-2014 21-May-2014 31-Mar-2014 2 3,023,312 450,816 356,582 163,217 61,934 4,789,570 37.95% 11.79% 3.41% 412,894 732.22 693.50 39.53 37.44 15.00 14.21 11.6000 10.99   3.98%   49.85% 31-Mar-2014 19.70 2.69 49.84 1.70 2.01% 0.76% 21-May-2014 19.78 2.70 50.04 1.71 2.00% 0.76%
30-Sep-2014 19-Feb-2014 31-Dec-2013 1 2,586,837 409,828 326,536 156,972 - 4,715,364 - % 12.62% 3.33% 413,628 625.40 593.38 37.95 36.01 0.00 0.00 11.4000 10.82   25.19%   13.02% 31-Dec-2013 19.60 3.13 51.65 1.72 1.94% 0.00% 19-Feb-2014 20.00 3.20 52.70 1.75 1.90% 0.00%
30-Sep-2013 20-Nov-2013 30-Sep-2013 4 2,502,760 358,945 276,635 125,385 166,072 3,994,051 132.45% 11.05% 3.14% 415,182 602.81 574.09 30.20 28.76 40.00 38.09 9.6200 9.16   13.46%   -39.24% 30-Sep-2013 18.50 3.07 61.26 1.92 1.63% 2.16% 20-Nov-2013 20.00 3.32 66.23 2.08 1.51% 2.00%
30-Sep-2013 20-Aug-2013 30-Jun-2013 3 2,256,134 247,900 225,376 110,513 - 3,833,276 - % 9.99% 2.88% 415,306 543.25 517.52 26.61 25.35 0.00 0.00 9.2300 8.79   1.46%   -7.20% 28-Jun-2013 18.70 3.44 70.27 2.03 1.42% 0.00% 20-Aug-2013 18.26 3.36 68.62 1.98 1.46% 0.00%
30-Sep-2013 22-May-2013 31-Mar-2013 2 2,307,697 301,343 238,627 108,918 62,333 3,810,675 57.23% 10.34% 2.86% 415,558 555.32 529.35 26.21 24.98 15.00 14.30 9.1700 8.74   -21.58%   -2.80% 29-Mar-2013 18.10 3.26 69.06 1.97 1.45% 0.83% 22-May-2013 19.10 3.44 72.87 2.08 1.37% 0.79%
30-Sep-2013 20-Feb-2013 31-Dec-2012 1 2,399,654 377,603 291,796 138,893 - 3,897,656 - % 12.16% 3.56% 415,971 576.88 550.44 33.39 31.86 0.00 0.00 9.3700 8.94   -32.69%   -17.42% 31-Dec-2012 19.00 3.29 56.90 2.03 1.76% 0.00% 20-Feb-2013 18.58 3.22 55.65 1.98 1.80% 0.00%
30-Sep-2012 21-Nov-2012 30-Sep-2012 4 86,707 211,804 208,640 206,352 208,436 3,735,179 101.01% 240.63% 5.52% 416,872 20.80 19.89 49.50 47.33 50.00 47.81 8.9600 8.57   73.27%   -12.55% 28-Sep-2012 18.00 86.54 36.36 2.01 2.75% 2.78% 21-Nov-2012 17.74 85.29 35.84 1.98 2.79% 2.82%
30-Sep-2012 29-Aug-2012 30-Jun-2012 3 82,500 122,929 120,289 119,090 - 3,576,451 - % 145.80% 3.33% 416,835 19.79 18.92 28.57 27.32 0.00 0.00 8.5800 8.20   6.27%   -43.44% 29-Jun-2012 18.38 92.87 64.33 2.14 1.55% 0.00% 29-Aug-2012 18.96 95.80 66.36 2.21 1.51% 0.00%
30-Sep-2012 24-May-2012 31-Mar-2012 2 83,053 117,952 113,595 112,060 62,533 3,668,631 55.80% 136.77% 3.05% 416,889 19.92 19.05 26.88 25.70 15.00 14.34 8.8000 8.42   -33.37%   -39.32% 30-Mar-2012 18.68 93.77 69.49 2.12 1.44% 0.80% 24-May-2012 17.90 89.85 66.59 2.03 1.50% 0.84%
30-Sep-2012 22-Feb-2012 31-Dec-2011 1 84,281 172,959 169,419 168,185 - 3,802,298 - % 201.02% 4.42% 416,918 20.22 19.33 40.34 38.58 0.00 0.00 9.1200 8.72   -28.72%   13.41% 30-Dec-2011 17.46 86.37 43.28 1.91 2.31% 0.00% 22-Feb-2012 18.80 93.00 46.60 2.06 2.15% 0.00%
30-Sep-2011 23-Nov-2011 30-Sep-2011 4 74,253 229,039 239,804 235,962 334,460 3,679,067 141.74% 322.96% 6.41% 418,075 17.76 17.03 56.44 54.13 80.00 76.72 8.8000 8.44   12.08%   59.21% 30-Sep-2011 14.96 84.23 26.51 1.70 3.77% 5.35% 23-Nov-2011 16.20 91.21 28.70 1.84 3.48% 4.94%
30-Sep-2011 16-Aug-2011 30-Jun-2011 3 72,941 214,824 212,262 210,537 - 3,530,562 - % 291.01% 5.96% 418,313 17.44 16.73 50.33 48.29 0.00 0.00 8.4400 8.10   14.01%   4.68% 30-Jun-2011 17.12 98.18 34.02 2.03 2.94% 0.00% 16-Aug-2011 15.86 90.96 31.51 1.88 3.17% 0.00%
30-Sep-2011 25-May-2011 31-Mar-2011 2 69,776 190,574 186,717 184,665 62,782 3,310,743 34.00% 267.59% 5.58% 418,551 16.67 16.01 44.12 42.36 15.00 14.40 7.9100 7.59   24.52%   80.58% 31-Mar-2011 15.24 91.42 34.54 1.93 2.90% 0.98% 25-May-2011 16.22 97.30 36.76 2.05 2.72% 0.92%
30-Sep-2011 23-Feb-2011 31-Dec-2010 1 66,170 150,919 148,540 148,304 - 3,342,179 - % 224.48% 4.44% 418,819 15.80 15.18 35.41 34.02 0.00 0.00 7.9800 7.67   0.06%   28.00% 30-Dec-2010 16.90 106.97 47.73 2.12 2.10% 0.00% 23-Feb-2011 15.98 101.14 45.13 2.00 2.22% 0.00%
30-Sep-2010 29-Nov-2010 30-Sep-2010 4 57,263 147,549 148,403 148,212 211,429 3,158,755 142.65% 259.16% 4.69% 422,858 13.54 13.14 35.05 34.00 50.00 48.50 7.4700 7.25   -26.31%   39.47% 30-Sep-2010 12.28 90.68 35.04 1.64 2.85% 4.07% 29-Nov-2010 15.60 115.20 44.51 2.09 2.25% 3.21%
30-Sep-2010 18-Aug-2010 30-Jun-2010 3 55,324 203,223 201,791 201,116 - 3,108,117 - % 364.74% 6.47% 424,026 13.05 12.69 47.43 46.13 0.00 0.00 7.3300 7.13   96.67%   97.50% 30-Jun-2010 10.80 82.78 22.77 1.47 4.39% 0.00% 18-Aug-2010 11.60 88.91 24.46 1.58 4.09% 0.00%
30-Sep-2010 26-May-2010 31-Mar-2010 2 55,470 104,550 102,736 102,260 63,806 3,007,396 62.40% 185.21% 3.40% 425,374 13.04 12.72 24.04 23.46 15.00 14.64 7.0700 6.90   -11.74%   19.81% 31-Mar-2010 10.68 81.90 44.43 1.51 2.25% 1.40% 26-May-2010 10.40 79.75 43.26 1.47 2.31% 1.44%
30-Sep-2010 24-Feb-2010 31-Dec-2009 1 56,369 117,182 116,265 115,864 - 3,073,247 - % 206.26% 3.77% 425,657 13.24 12.93 27.22 26.58 0.00 0.00 7.2200 7.05   9.03%   163.95% 31-Dec-2009 10.28 77.63 37.77 1.42 2.65% 0.00% 24-Feb-2010 10.08 76.12 37.03 1.40 2.70% 0.00%

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.


Analyze this stock with MQ Trader system
  2 people like this.
 
sheldon I think the underlying motive is partly money. One research said that they should ban butter because the cows that produce the milk which is churned into butter, collectively has a fart that causes massive increases in greenhouse gases.

Would they take such a drastic step to stop consumption and put a lot of farmers into the poor house? No way!!!
04/02/2018 10:59 PM
sheldon Anyone going to the AGM?
07/02/2018 5:15 PM
mf No
08/02/2018 11:16 PM
sheldon I attended the AGM and came out feeling good about the co. According to the chairman, the Europe ban on palm oil in 2021 is only for the diesel content. They would require all members to vote (uncertain as to whether a unanimous or majority consent required).

Any way there's a lot of vested interest at individual country level including Malaysia buying their goods and countries involved in the production of palm diesel. The following report explains the dynamics and reveal some relevant data. Read em..

https://www.transportenvironment.org/sites/te/files/publications/2016_11_Briefing_Palm_oil_use_continues_to_grow.pdf
19/02/2018 10:52 PM
enigmatic ¯\_(ツ)_/¯ why isn't anyone interested in this stock? price is at its lowest this year. it has been consistently paying dividends too, in fact sometimes more than KLK.
24/07/2018 12:59 AM
sheldon KLK is trading at 24++.
Batu Kawan, trading at 17++, enjoyed current quarter profits, YTD profits, PE and dividend yield far better than KLK.
15/08/2018 3:44 PM
sheldon Good to see a lot of share buybacks
23/10/2018 2:50 PM
sheldon How come no dividend announcement?
16/11/2018 10:21 AM
sheldon ok - just checked with the Co - dividend announcement in Dec due to changes in cos act
16/11/2018 10:38 AM
sheldon Looks like shareholders of B Kawan are the strong & silent type. I seem to be the only one raising issues here. I feel like I'm talking to a wall. haha
16/11/2018 11:21 AM
David *sheldon*, Thanks for checking the dividends with the company. KLK too did not announce the dividends yet.
16/11/2018 1:02 PM
Cipta treasury share close to 10%, perhaps BOD can consider distribute it as dividen?
16/11/2018 6:25 PM
sheldon Welcome dnlt.

Cipta - I prefer that the Co cancels the treasury share & go for a capital reduction. Less shares, the better the ROE & EPS.
17/11/2018 3:02 PM
Cipta canceling treasury share may not push up the share price since liquidity becomes lower.
Cancelling treasury share won't create cash to co and shareholders. But distribute it to shareholders will create cash flow to small holders like me. If BKawan distribute 1 treasure for 10 shares, it will be a fat dividends to me. :)
17/11/2018 9:26 PM
sheldon Distribution of treasury shares = bonus shares - it just cuts the cake into smaller pieces. Hence there'll be a drop in share price. Even dividends per share will be much smaller because there'll be too many shares to pay feed dividends.

Share price trades at a relatively fixed multiple to it's earnings. EPS will be diluted and share price will also fall on that basis.

B. Kawan shares after all the painstaking accumulation over the years will be wasted if redistributed.
17/11/2018 10:44 PM
Cipta distribution of treasury share is not bonus issue. The total of share issued is not increase nor diluted EPS.
19/11/2018 9:57 AM
sheldon Actually the effect is like a bonus issue because what was once taken out of circulation is re-issued back to shareholders. The resultant earnings diluted because it is divided by a wider share base.
19/11/2018 4:50 PM
Cipta According to EMH, liquidity will increase the market efficiency. As we can see recently delisted few companies which has low P/E and share price below NAV.
Increase of EPS by cancelling treasury share may not transform to share price close to its actual value. However, distribute it as dividen (if 1 to 10 ratio) will increase its DIY and liquidity. It will create cash flow to shareholders as well.
21/11/2018 6:35 PM
LouiseS The EPS increased 19.7% compared to 2013.
04/12/2018 3:36 PM
sheldon A lot of share buybacks - that's a v good move!
10/12/2018 11:03 PM
Cipta positive way to think: the management view the current price is underestimate the co value.
11/12/2018 2:10 PM
sheldon Also if the co which we own are buying, it's something like we're buying the shares ourselves.
11/12/2018 4:31 PM
Choivo Capital if you value KLK at market value, than yes, it is undervalued.

but i think KLK is way too expensive to begin with. I'll only buy it if it was 50% cheaper.

in which case, not that cheap anymore.
13/12/2018 6:47 PM
sheldon Choivo Capital if you value KLK at market value, than yes, it is undervalued.
but i think KLK is way too expensive to begin with. I'll only buy it if it was 50% cheaper.
in which case, not that cheap anymore.

If you're interested in KLK, then buy Batu Kawan - better value for the earnings
13/12/2018 10:43 PM
Rwkl Sheldon, Choivo is saying KLK is way overpriced and Bkawan is not too far behind.
Anyone going to the AGM.
10/01/2019 7:28 PM
NaasifBaik worth buy in bkawan?
18/01/2019 5:06 PM
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