Highlights
KLSE: BLDPLNT (5069)       BLD PLANTATION BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
5.10   0.00 (0.00%)  0.00 - 0.00  0
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Financials


Market Cap: 477 Million

Market Cap 477 Million
NOSH 94 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 27-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 27-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  30-Sep-2019 [#2]

Latest Quarter: 30-Sep-2019 [#2]
Announcement Date 29-Nov-2019
Next Quarter: 31-Dec-2019
Est. Ann. Date: 27-Feb-2020
Est. Ann. Due Date: 29-Feb-2020
QoQ | YoY   107.59%  |    107.96%

Annual (Unaudited) ( EPS: -54.01, P/E: -9.44 )

Revenue | NP to SH 2,197,197  |  -50,498
RPS | P/RPS 2,349.94 Cent  |  0.22
EPS | P/E | EY -54.01 Cent  |  -9.44  |  -10.59%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 6.01  |  0.85
YoY   -345.24%
NP Margin | ROE -2.32%  |  -8.99%
F.Y. | Ann. Date 31-Mar-2019  |  31-May-2019

T4Q Result ( EPS: -54.11, P/E: -9.42 )

Revenue | NP to SH 1,754,647  |  -50,596
RPS | P/RPS 1,876.63 Cent  |  0.27
EPS | P/E | EY -54.11 Cent  |  -9.42  |  -10.61%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 5.85  |  0.87
QoQ | YoY   26.35%  |    -1,285.47%
NP Margin | ROE -2.93%  |  -9.25%
F.Y. | Ann. Date 30-Sep-2019  |  29-Nov-2019

Annualized Result ( EPS: -34.74, P/E: -14.68 )

Revenue | NP to SH 1,570,342  |  -32,490
RPS | P/RPS 1,679.51 Cent  |  0.30
EPS | P/E | EY -34.74 Cent  |  -14.68  |  -6.81%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   53.80%  |    -50.91%
NP Margin | ROE -2.08%  |  -5.94%
F.Y. | Ann. Date 30-Sep-2019  |  29-Nov-2019




Show?  YoY % Horiz. %

Last 10 FY Result
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
Revenue 1,570,342 1,754,647 2,197,197 1,754,151 2,134,642 2,134,642 1,847,519 1,445,443 1,558,192 1,634,466 1,913,764 1,896,657 2.05%
  YoY % -10.50% -20.14% 25.26% -17.82% 0.00% 15.54% 27.82% -7.24% -4.67% -14.59% 0.90% -
  Horiz. % 82.80% 92.51% 115.85% 92.49% 112.55% 112.55% 97.41% 76.21% 82.15% 86.18% 100.90% 100.00%
PBT -37,840 -63,239 -62,546 -48,838 30,087 56,557 41,315 -11,889 46,667 36,525 118,230 125,760 -
  YoY % 40.16% -1.11% -28.07% -262.32% -46.80% 36.89% 447.51% -125.48% 27.77% -69.11% -5.99% -
  Horiz. % -30.09% -50.29% -49.73% -38.83% 23.92% 44.97% 32.85% -9.45% 37.11% 29.04% 94.01% 100.00%
Tax 5,160 11,867 11,558 2,772 -8,794 -15,927 -18,020 6,014 -13,767 328 -29,172 -19,154 -
  YoY % -56.52% 2.67% 316.96% 131.52% 44.79% 11.61% -399.63% 143.68% -4,297.26% 101.12% -52.30% -
  Horiz. % -26.94% -61.96% -60.34% -14.47% 45.91% 83.15% 94.08% -31.40% 71.88% -1.71% 152.30% 100.00%
NP -32,680 -51,372 -50,988 -46,066 21,293 40,630 23,295 -5,875 32,900 36,853 89,058 106,606 -
  YoY % 36.39% -0.75% -10.68% -316.34% -47.59% 74.42% 496.51% -117.86% -10.73% -58.62% -16.46% -
  Horiz. % -30.65% -48.19% -47.83% -43.21% 19.97% 38.11% 21.85% -5.51% 30.86% 34.57% 83.54% 100.00%
NP to SH -32,490 -50,596 -50,498 -45,796 20,591 39,602 22,499 -6,127 33,178 37,063 88,511 106,599 -
  YoY % 35.79% -0.19% -10.27% -322.41% -48.01% 76.02% 467.21% -118.47% -10.48% -58.13% -16.97% -
  Horiz. % -30.48% -47.46% -47.37% -42.96% 19.32% 37.15% 21.11% -5.75% 31.12% 34.77% 83.03% 100.00%
Tax Rate - % - % - % - % 29.23 % 28.16 % 43.62 % - % 29.50 % -0.90 % 24.67 % 15.23 % -
  YoY % 0.00% 0.00% 0.00% 0.00% 3.80% -35.44% 0.00% 0.00% 3,377.78% -103.65% 61.98% -
  Horiz. % 0.00% 0.00% 0.00% 0.00% 191.92% 184.90% 286.41% 0.00% 193.70% -5.91% 161.98% 100.00%
Total Cost 1,603,022 1,806,019 2,248,185 1,800,217 2,113,349 2,094,012 1,824,224 1,451,318 1,525,292 1,597,613 1,824,706 1,790,051 3.19%
  YoY % -11.24% -19.67% 24.88% -14.82% 0.92% 14.79% 25.69% -4.85% -4.53% -12.45% 1.94% -
  Horiz. % 89.55% 100.89% 125.59% 100.57% 118.06% 116.98% 101.91% 81.08% 85.21% 89.25% 101.94% 100.00%
Net Worth 546,974 546,974 561,935 565,675 615,298 847,110 810,645 790,074 800,360 805,969 673,196 600,958 -0.92%
  YoY % 0.00% -2.66% -0.66% -8.06% -27.36% 4.50% 2.60% -1.29% -0.70% 19.72% 12.02% -
  Horiz. % 91.02% 91.02% 93.51% 94.13% 102.39% 140.96% 134.89% 131.47% 133.18% 134.11% 112.02% 100.00%
Dividend
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
Div - 0 - - - - - - - - - - -
  YoY % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % - - - - - - - - - - - -
Div Payout % - % - % - % - % - % - % - % - % - % - % - % - % -
  YoY % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % - - - - - - - - - - - -
Equity
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
Net Worth 546,974 546,974 561,935 565,675 615,298 847,110 810,645 790,074 800,360 805,969 673,196 600,958 -0.92%
  YoY % 0.00% -2.66% -0.66% -8.06% -27.36% 4.50% 2.60% -1.29% -0.70% 19.72% 12.02% -
  Horiz. % 91.02% 91.02% 93.51% 94.13% 102.39% 140.96% 134.89% 131.47% 133.18% 134.11% 112.02% 100.00%
NOSH 93,500 93,500 93,500 93,500 93,510 93,500 93,500 93,500 93,500 93,500 84,999 85,001 1.32%
  YoY % 0.00% 0.00% 0.00% -0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 10.00% -0.00% -
  Horiz. % 110.00% 110.00% 110.00% 110.00% 110.01% 110.00% 110.00% 110.00% 110.00% 110.00% 100.00% 100.00%
Ratio Analysis
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
NP Margin -2.08 % -2.93 % -2.32 % -2.63 % 1.00 % 1.90 % 1.26 % -0.41 % 2.11 % 2.25 % 4.65 % 5.62 % -
  YoY % 29.01% -26.29% 11.79% -363.00% -47.37% 50.79% 407.32% -119.43% -6.22% -51.61% -17.26% -
  Horiz. % -37.01% -52.14% -41.28% -46.80% 17.79% 33.81% 22.42% -7.30% 37.54% 40.04% 82.74% 100.00%
ROE -5.94 % -9.25 % -8.99 % -8.10 % 3.35 % 4.67 % 2.78 % -0.78 % 4.15 % 4.60 % 13.15 % 17.74 % -
  YoY % 35.78% -2.89% -10.99% -341.79% -28.27% 67.99% 456.41% -118.80% -9.78% -65.02% -25.87% -
  Horiz. % -33.48% -52.14% -50.68% -45.66% 18.88% 26.32% 15.67% -4.40% 23.39% 25.93% 74.13% 100.00%
Per Share
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
RPS 1,679.51 1,876.63 2,349.94 1,876.10 2,282.78 2,283.04 1,975.96 1,545.93 1,666.52 1,748.09 2,251.50 2,231.33 0.72%
  YoY % -10.50% -20.14% 25.26% -17.82% -0.01% 15.54% 27.82% -7.24% -4.67% -22.36% 0.90% -
  Horiz. % 75.27% 84.10% 105.32% 84.08% 102.31% 102.32% 88.56% 69.28% 74.69% 78.34% 100.90% 100.00%
EPS -34.74 -54.11 -54.01 -48.98 22.02 42.36 24.06 -6.55 35.48 41.39 104.13 125.41 -
  YoY % 35.80% -0.19% -10.27% -322.43% -48.02% 76.06% 467.33% -118.46% -14.28% -60.25% -16.97% -
  Horiz. % -27.70% -43.15% -43.07% -39.06% 17.56% 33.78% 19.19% -5.22% 28.29% 33.00% 83.03% 100.00%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
  YoY % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % - - - - - - - - - - - -
NAPS 5.8500 5.8500 6.0100 6.0500 6.5800 9.0600 8.6700 8.4500 8.5600 8.6200 7.9200 7.0700 -2.21%
  YoY % 0.00% -2.66% -0.66% -8.05% -27.37% 4.50% 2.60% -1.29% -0.70% 8.84% 12.02% -
  Horiz. % 82.74% 82.74% 85.01% 85.57% 93.07% 128.15% 122.63% 119.52% 121.07% 121.92% 112.02% 100.00%
Adjusted Per Share Value based on latest NOSH - 93,500
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
RPS 1,679.51 1,876.63 2,349.94 1,876.10 2,283.04 2,283.04 1,975.96 1,545.93 1,666.52 1,748.09 2,046.81 2,028.51 2.05%
  YoY % -10.50% -20.14% 25.26% -17.82% 0.00% 15.54% 27.82% -7.24% -4.67% -14.59% 0.90% -
  Horiz. % 82.80% 92.51% 115.85% 92.49% 112.55% 112.55% 97.41% 76.21% 82.15% 86.18% 100.90% 100.00%
EPS -34.74 -54.11 -54.01 -48.98 22.02 42.36 24.06 -6.55 35.48 41.39 94.66 114.01 -
  YoY % 35.80% -0.19% -10.27% -322.43% -48.02% 76.06% 467.33% -118.46% -14.28% -56.28% -16.97% -
  Horiz. % -30.47% -47.46% -47.37% -42.96% 19.31% 37.15% 21.10% -5.75% 31.12% 36.30% 83.03% 100.00%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
  YoY % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % - - - - - - - - - - - -
NAPS 5.8500 5.8500 6.0100 6.0500 6.5807 9.0600 8.6700 8.4500 8.5600 8.6200 7.2000 6.4274 -0.92%
  YoY % 0.00% -2.66% -0.66% -8.06% -27.37% 4.50% 2.60% -1.29% -0.70% 19.72% 12.02% -
  Horiz. % 91.02% 91.02% 93.51% 94.13% 102.39% 140.96% 134.89% 131.47% 133.18% 134.11% 112.02% 100.00%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
Date AQR T4Q 29/03/19 31/12/18 30/03/18 29/12/17 30/12/16 31/12/15 31/12/14 31/12/13 31/12/12 30/12/11 -
Price 5.8500 5.8500 6.7200 7.5400 8.0900 8.3400 8.5000 9.2000 7.6500 8.9500 8.2900 7.2900 -
P/RPS 0.35 0.31 0.29 0.40 0.35 0.37 0.43 0.60 0.46 0.51 0.37 0.33 -1.77%
  YoY % 12.90% 6.90% -27.50% 14.29% -5.41% -13.95% -28.33% 30.43% -9.80% 37.84% 12.12% -
  Horiz. % 106.06% 93.94% 87.88% 121.21% 106.06% 112.12% 130.30% 181.82% 139.39% 154.55% 112.12% 100.00%
P/EPS -16.84 -10.81 -12.44 -15.39 36.74 19.69 35.32 -140.39 21.56 22.58 7.96 5.81 -
  YoY % -55.78% 13.10% 19.17% -141.89% 86.59% -44.25% 125.16% -751.16% -4.52% 183.67% 37.01% -
  Horiz. % -289.85% -186.06% -214.11% -264.89% 632.36% 338.90% 607.92% -2,416.35% 371.08% 388.64% 137.01% 100.00%
EY -5.94 -9.25 -8.04 -6.50 2.72 5.08 2.83 -0.71 4.64 4.43 12.56 17.20 -
  YoY % 35.78% -15.05% -23.69% -338.97% -46.46% 79.51% 498.59% -115.30% 4.74% -64.73% -26.98% -
  Horiz. % -34.53% -53.78% -46.74% -37.79% 15.81% 29.53% 16.45% -4.13% 26.98% 25.76% 73.02% 100.00%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
  YoY % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % - - - - - - - - - - - -
P/NAPS 1.00 1.00 1.12 1.25 1.23 0.92 0.98 1.09 0.89 1.04 1.05 1.03 1.16%
  YoY % 0.00% -10.71% -10.40% 1.63% 33.70% -6.12% -10.09% 22.47% -14.42% -0.95% 1.94% -
  Horiz. % 97.09% 97.09% 108.74% 121.36% 119.42% 89.32% 95.15% 105.83% 86.41% 100.97% 101.94% 100.00%
Price Multiplier on Announcement Date
AQR T4Q 31/03/19 31/12/18 31/03/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 CAGR
Date AQR T4Q 31/05/19 27/02/19 - 28/02/18 28/02/17 29/02/16 27/02/15 28/02/14 28/02/13 29/02/12 -
Price 5.4100 5.4100 6.5500 6.9600 0.0000 8.2100 8.5300 9.2000 8.0000 8.8700 8.3200 9.5000 -
P/RPS 0.32 0.29 0.28 0.37 0.00 0.36 0.43 0.60 0.48 0.51 0.37 0.43 -5.74%
  YoY % 10.34% 3.57% -24.32% 0.00% 0.00% -16.28% -28.33% 25.00% -5.88% 37.84% -13.95% -
  Horiz. % 74.42% 67.44% 65.12% 86.05% 0.00% 83.72% 100.00% 139.53% 111.63% 118.60% 86.05% 100.00%
P/EPS -15.57 -10.00 -12.13 -14.21 0.00 19.38 35.45 -140.39 22.55 22.38 7.99 7.58 -
  YoY % -55.70% 17.56% 14.64% 0.00% 0.00% -45.33% 125.25% -722.57% 0.76% 180.10% 5.41% -
  Horiz. % -205.41% -131.93% -160.03% -187.47% 0.00% 255.67% 467.68% -1,852.11% 297.49% 295.25% 105.41% 100.00%
EY -6.42 -10.00 -8.25 -7.04 0.00 5.16 2.82 -0.71 4.44 4.47 12.52 13.20 -
  YoY % 35.80% -21.21% -17.19% 0.00% 0.00% 82.98% 497.18% -115.99% -0.67% -64.30% -5.15% -
  Horiz. % -48.64% -75.76% -62.50% -53.33% 0.00% 39.09% 21.36% -5.38% 33.64% 33.86% 94.85% 100.00%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
  YoY % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
  Horiz. % - - - - - - - - - - - -
P/NAPS 0.92 0.92 1.09 1.15 0.00 0.91 0.98 1.09 0.93 1.03 1.05 1.34 -2.81%
  YoY % 0.00% -15.60% -5.22% 0.00% 0.00% -7.14% -10.09% 17.20% -9.71% -1.90% -21.64% -
  Horiz. % 68.66% 68.66% 81.34% 85.82% 0.00% 67.91% 73.13% 81.34% 69.40% 76.87% 78.36% 100.00%

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
  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
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
LouiseS BLD's earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from -54.11 sen to 22.87 sen. In particular, in the current financial year, the group is hit by a -54.11 sen per share losses, due to lower average selling price of its products.

https://louisesinvesting.blogspot.com/2019/12/comments-on-bld-plantation-berhad-5069.html
17/12/2019 6:57 PM