Highlights
KLSE: BKAWAN (1899)       BATU KAWAN BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
16.48   0.00 (0.00%)  0.00 - 0.00  0
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Financials


Market Cap: 7,312 Million

Market Cap 7,312 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:  30-Sep-2020 [#4]

Latest Quarter: 30-Sep-2020 [#4]
Announcement Date 18-Nov-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 17-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   -59.95%  |    -11.92%

Annual (Unaudited) ( EPS: 94.05, P/E: 17.52 )

Revenue | NP to SH 16,078,124  |  417,275
RPS | P/RPS 3,623.93 Cent  |  0.45
EPS | P/E | EY 94.05 Cent  |  17.52  |  5.71%
DPS | DY | Payout % 13.40 Cent  |  0.81%  |  14.25%
NAPS | P/NAPS 13.20  |  1.25
YoY   14.79%
NP Margin | ROE 5.69%  |  7.13%
F.Y. | Ann. Date 30-Sep-2020  |  18-Nov-2020

T4Q Result ( EPS: 94.05, P/E: 17.52 )

Revenue | NP to SH 16,078,124  |  417,275
RPS | P/RPS 3,623.93 Cent  |  0.45
EPS | P/E | EY 94.05 Cent  |  17.52  |  5.71%
DPS | DY | Payout % 13.32 Cent  |  0.81%  |  14.16%
NAPS | P/NAPS 13.20  |  1.25
QoQ | YoY   -2.69%  |    14.80%
NP Margin | ROE 5.69%  |  7.13%
F.Y. | Ann. Date 30-Sep-2020  |  18-Nov-2020

Annualized Result ( EPS: 94.05, P/E: 17.52 )

Revenue | NP to SH 16,078,124  |  417,275
RPS | P/RPS 3,623.93 Cent  |  0.45
EPS | P/E | EY 94.05 Cent  |  17.52  |  5.71%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -5.77%  |    14.79%
NP Margin | ROE 5.69%  |  7.13%
F.Y. | Ann. Date 30-Sep-2020  |  18-Nov-2020



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 1.81% 1.67%
Average Net Profit Margin 5.74% 5.11%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 1 / 5 20.00% 1 / 10 10.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Profit Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Adjusted EPS Growth 1 / 5 20.00% 1 / 10 10.00%
Total Dividend Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE 8.56% 11.06%
Average Net Profit Margin 6.23% 51.85%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 16,078,124 16,078,124 16,078,124 12,524,854 17,921,529
NP to SH 417,275 417,275 417,275 553,331 531,612
Dividend 59,087 59,460 59,460 199,156 128,948
Adjusted EPS 94.05 94.05 94.05 124.72 119.82
Adjusted DPS 13.32 13.40 13.40 44.89 29.06

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 7.68% 4.94% 0.20% 2.40% 2.51%
NP to Owner -59.95% -11.92% 14.79% -18.36% -12.73%
Dividend 0.00% 0.00% -0.04% 0.00% 0.00%
Adj. EPS -59.95% -11.92% 14.79% -18.36% -12.73%
Adj. DPS 0.00% 0.00% -0.04% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% -10.29% 28.37% 0.00% -10.29% 28.37% 0.20% -10.29% 28.37%
NP to Owner 0.00% -21.51% -24.59% 0.00% -21.51% -24.59% 14.79% -21.51% -24.59%
Dividend -0.63% -54.18% -70.33% - % - % - % -0.04% -53.89% -70.14%
Adj. EPS 0.00% -21.51% -24.59% 0.00% -21.51% -24.59% 14.79% -21.51% -24.59%
Adj. DPS -0.63% -54.18% -70.33% - % - % - % -0.04% -53.89% -70.14%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Analyze this stock with MQ Trader system
  2 people like this.
 
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
sheldon A massive volume by B.Kawan standards with a more than 50k shares purchased at RM14!
27/05/2020 10:02 AM
ttluck It's time to rebound back.. MCO lifted.. Post economy stimulus plan.... India buying back...
04/06/2020 11:51 AM
mf AstraZeneca Reaches Vaccine Supply Deal With Four EU Nations
14/06/2020 7:09 PM
sheldon The good thing management did was to cancel all 10% treasury shares bought and now they're buying back some more heading foe another 10%.

Well done!!
16/06/2020 11:34 AM
pontianak The forest open burning & subsequently anti palm oil campaign by the west really didn’t do good to this industry. If this industry can rise again like the olden days, Malaysia economy be on stronger footing.
23/06/2020 10:44 PM
mf Chaos in Parliament as PM puts forward motion to remove speaker
13/07/2020 1:02 PM
pushparaj Another gem like, "UNITED PLANTATIONS"
19/08/2020 5:59 PM
icecool https://www.theedgemarkets.com/article/batu-kawan-3q-net-profit-spikes-318-largely-due-forex-gain
19/08/2020 7:47 PM
kasim Like never before, billboards have been erected at estates and mills, advertisements placed in the media, and intense engagement with the authorities to entice locals are done on a regular basis,
09/09/2020 10:04 AM
kasim Response thus far has been lukewarm but we have not given up hope. In absence of any success, we may have to plead to the government for help
09/09/2020 10:04 AM
Tashan Applause
21/09/2020 2:18 PM
Gtrade Harga CPO lambung lagi
Makan roti tak perlu lagi
Pekebun sawit senyum di hati
Buang kancil XT70 dah mari
22/09/2020 10:29 AM
sheldon Saya harap serentak dengan harga CPO, dividen pun akan melambung naik.
05/11/2020 9:30 PM
sheldon What a shitty acquisition of CCM!

No sane person would pay such a huge price for such a badly run co.
17/11/2020 10:35 PM
i3gambler I look at it this way.
If the deal is bad or just to help PNB,
Then why not KLK buy it?
18/11/2020 8:25 AM
Plantermen Totally unacceptable a well run company Batu Kawan { KLK } buying a shit and paying a Premium during this covid outbreak. EGM please voice out
18/11/2020 8:32 AM
i3gambler Aiyo, tell you another example.

TAANN bought 30.5% equity in SWKPLNT at RM2.00 at quite big premium to market price in early Year 2018.

The estate and mill were badly managed then that the average monthly FFB production was way below 20K mT.

After TAANN joined in the management since then, the average monthly FFB production increase consistently until it is now at 28.2K mT.
18/11/2020 9:34 AM
Chua Zhi En I guess because of Bkawan still have room to drag down their performance if u compare it with KLK. Bkawan is still cheap so affordable to take higher risks on investment but KLK is relatively expensive, another bad decision will cause KLK turn haywire and considering KLK is a KLCI components stock.
18/11/2020 12:46 PM
sheldon For the Tunku who sits on the board, it's a win-win deal. She only holds 1000 shares of BK but her father holds 337,500 KLK shares (per 2018 Annual Report).

To pay cash for CCM, KLK has to declare a massive dividend & her family will be laughing all the way to the bank.

So guys, due to this bailout, don't expect a generous dividend at BK level .

Downside risk we bear but any windfall, others get the benefit.
18/11/2020 1:54 PM
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18/11/2020 4:03 PM
sheldon It's too late i guess.

I wonder how come the board is given such wide powers to make such a huge commitment without requiring EGM approval.

It's like Pearl Harbour sneak attack haha.
19/11/2020 4:36 PM
LongTermInvestor8 Price correction coming as shown in TA chart. RSI at 80% all time high. MACD all time high and about to cross like previous crossing. Volume down
22/11/2020 4:20 PM