Highlights
KLSE: BPLANT (5254)       BOUSTEAD PLANTATIONS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.71   0.00 (0.00%)  0.71 - 0.715  53,800
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IPO Info

Key Data:
General Retail Institutional
Offer Period
Opening 27/05/2014 - -
Closing 27/05/2014 - -
Price
Issue Price 1.60 View RemarkIssue PrciceRepresenting the reference retail price stated in the Prospectus dated 27 May 2014 ("Prospectus") and is subject to adjustements against the institutional book building price and refund of any difference as stated in the Prospectus. - -
Par Value 0.500 - -
Units 1,600,000,000 - -
No of Shares
Public Issue 580,000,000 View RemarkNo of Shares - Public IssueComprising new ordinary shares of RM0.50 each in Boustead Plantations Berhad ("Issue Shares") - -
Offer for Sale 76,000,000 View RemarkNo of Shares - Offer For SaleComprising existing ordinary shares of RM0.50 each in Boustead Plantations Berhad held by Boustead Holdings Berhad ("Offer Shares") - -
Private Placement 163,570,500 View RemarkNo of Shares - Private PlacementComprising the the Institutional Offering as follows: 125,196,500 Issue Shares issued to Bumiputera investors approved by MITI 29,000,000 Offer Shares and 9,374,000 Issue Shares to other Malaysian institutions and selected investorsdoes not include the Over-allotment option of up to 64,000,000 Offer Shares granted by Boustead Holdings Berhad to AFFIN Investment Bank as the stabilising manager, as disclosed in the Prospectus - -
Time Table
Allotment Date 24/06/2014 - -
Listing Date 26/06/2014 - -
Issuing House MIH-5549 - -
ISIN Code MYL5254OO007 - -
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF UP TO 656,000,000 ORDINARY SHARES OF RM0.50 EACH IN BOUSTEAD PLANTATIONS BERHAD ("BPB") (" IPO SHARES") COMPRISING AN OFFER FOR SALE OF UP TO 76,000,000 EXISTING BPB SHARES ("OFFER SHARES" ) AND A PUBLIC ISSUE OF 580,000,000 NEW BPB SHARES ("ISSUE SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 1,600,000,000 ORDINARY SHARES OF RM0.50 EACH IN BPB ("BPB SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD IN THE FOLLOWING MANNER:

A. THE INSTITUTIONAL OFFERING OF UP TO 163,570,500 IPO SHARES COMPRISING UP TO 29,000,000 OFFER SHARES AND 134,570,500 ISSUE SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF
INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"): AND

B. THE RETAIL OFFERING OF UP TO 492,429,500 IPO SHARES COMPRISING UP TO 47,000,000 OFFER SHARES AND 445,429,500 ISSUE SHARES TO:


(I) ENTITLED UNITHOLDERS OF AL·HADHARAH BOUSTEAD REIT ("BREIT") (AS DEFINED HEREIN) PURSUANT TO THE RESTRICTED BREIT OFFERING (AS DEFINED HEREIN);

(II) ENTITLED SHAREHOLDERS OF BOUSTEAD HOLDINGS BERHAD ("BHB" ) (AS DEFINED HEREIN) PURSUANT TO THE RESTRICTED BHB OFFERING (AS DEFINED HEREIN);

(III) ELIGIBLE DIRECTORS AND EMPLOYEES OF BPB AND ITS SUBSIDIARIES ("BPB GROUP") AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE BPB GROUP, ELIGIBLE DIRECTORS AND EMPLOYEES OF BHB AND SPECIFIED DIRECTORS OF SELECTED SUBSIDIARIES OF BHB; AND

(IV) MALAYSIAN PUBLIC (AS DEFINED HEREIN),

AT THE RETAIL PRICE OF RM1.60 PER IPO SHARE ("RETAIL PRICE" ),

SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION AS SET OUT IN THIS PROSPECTUS.

THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO A REFUND OF THE DIFFERENCE IN THE EVENT THAT THE FINAL RETAIL PRICE (AS DEFINED HEREIN) IS LESS THAN THE RETAIL PRICE. THE FINAL RETAIL PRICE
WILL EQUAL THE INSTITUTIONAL PRICE, SUBJECT TO THE FINAL RETAIL PRICE NOT EXCEEDING THE RETAIL PRICE.
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  5 people like this.
 
Good123 it should buyback its own shares also
03/05/2019 4:14 PM
Good123 just wait for Q1,2019 this month. huge quarterly profit is expected :)

The group recently completed the disposal of 139 hectares of plantation land with high development potential in Seberang Prai Utara, Pulau Pinang, which will boost its earnings with estimated gains of RM120 million.
06/05/2019 9:25 AM
Good123 m&A for bplant? boustead hldgs will let go bplant at the right price, restructuring
06/05/2019 4:10 PM
Jaya I shall buy this share becoz it is too cheap
07/05/2019 1:36 AM
Jaya Push down lower some more good
07/05/2019 1:36 AM
Jaya Wait till 72
07/05/2019 1:46 AM
Good123 wait for M&A, macam celcom & digi... GLC trend
07/05/2019 10:23 AM
Good123 Q1,2019 will report huge profit with dividend right? :p

The group recently completed the disposal of 139 hectares of plantation land with high development potential in Seberang Prai Utara, Pulau Pinang, which will boost its earnings with estimated gains of RM120 million.
07/05/2019 10:25 AM
Good123 probably Sime plantation or fgv can be merged with bplant... all these companies are GLCs
07/05/2019 11:24 AM
Good123 boustead hldgs intended to restructure, very likely M&A is one of the likely ways to do so
07/05/2019 11:25 AM
Good123 M&A allows economies of scale
07/05/2019 11:54 AM
Jaya Please fall some more
08/05/2019 5:10 AM
129055444514385 KUALA LUMPUR: The European Union (EU) and France are not the enemy of palm oil and the market will continue to be open for the crop especially now with the Pakatan Harapan government's credible policies in safeguarding the environment.

In making the remark, French Ambassador to Malaysia, Frederic Laplanche, acknowledged that palm oil's long association with deforestation and destruction has damaged the image but things are changing.

“I can see the Malaysian government is tackling the environmental issue and the trust deficit among the European consumers positively. It focuses its efforts on these two objectives, which I think are really good and important.

“On the one hand, you got the mobilisation to promote the palm oil and improving its image which is lacking in the mind of the public opinion. So the government launched the promotion campaign, Love MY Palm Oil to help clear the crop's name,” he told Bernama.

“And secondly, the development of an ambitious policy to promote environmental protection, including maintaining over 50 per cent biodiverse tropical rainforest, to cap Malaysia's total area for oil palm at 6.5 million hectares (ha) (from 5.8 million ha in 2018) and no oil palm cultivation on peat soil, as well as improving sustainability is indeed crucial in order to regain the trust of the European consumers. And this is something that we can fully support,” said Laplanche.


NO BAN ON PALM OIL

Other developments that are encouraging are Sabah's move to fully embrace the Roundtable on Sustainable Palm Oil (RSPO) certification and at the federal level, the drive for the Malaysian Sustainable Palm Oil (MSPO) certification initiative.

“Besides the Ministry of Primary Industries, the Ministry of Energy, Science, Technology, Environment and Climate Change has also listed down strong policy on renewable energy and solar development.

“Additionally, the Ministry of Water, Land and Natural Resources develops policies to curb deforestation and to encourage reforestation in degraded areas. So all these put together makes strong and credible policies for the environment,” he explained.

Laplanche stressed that there is no ban on palm oil going into the EU, but what is happening is that France and the EU as a whole are gradually withdrawing the incentives for palm oil to be added into the diesel mix.

“The reason (for withdrawing the incentives) is because the calculation that was made showed that there is a problem of balance and carbon impact.

“Of course, I must be clear that although there is no ban, these measures will probably result in a reduction in the use of palm oil as a biofuel in Europe, depending on the prices of fossil fuel.

“Indeed, by withdrawing the fiscal incentives, the economic case for adding palm oil into diesel could disappear because palm oil is more expensive than traditional fossil fuel at current market prices.

“But it is important to understand that it is not a ban, and we are only talking about withdrawing an incentive, and only for palm oil as a biofuel. There is absolutely no change in policy regarding palm oil used for food products and basic material for the oleochemical industry at the French or the EU level”.

EU NOT AN ENEMY OF PALM OIL

He said that the EU was among the first to introduce the incentive for biofuel and it is among the last regions in the world to still give incentives for palm oil and biofuel.

“Most of the other countries have either never given the incentives for palm oil to enter their market as biofuel or had withdrawn them for a long time. So I would not like people to think that the EU is an enemy of palm oil, and of Malaysia. It's not the case.”

The EU, according to him, has consistently provided a big market for the Malaysian palm oil, and becoming the second largest customer for palm oil in the world, just behind India.

He also said that the EU is not going to change import tariff for palm oil and in fact, the tariffs for imported palm oil to EU is among the lowest in the world.

Paris recently published new statistics for France-Malaysia bilateral trade, which showed an increase of 11.4 per cent for Malaysian export to France last year across all products, reaching more than RM11 billion.

With a more modest 3.4 per cent growth in French exports to Malaysia, this country registered almost RM2 billion trade surplus with France, an increase of 73 per cent compared with 2017.

DEVELOP DIALOGUE BETWEEN MALAYSIA AND FRANCE

Meanwhile, Laplanche also said there is a need for a close dialogue between France and the Malaysian government.

“That is what we are doing at the moment. We develop a dialogue with the government and palm oil producers as much as we can.

https://www.klsescreener.com/v2/news/view/525620
08/05/2019 10:54 AM
Good123 good for palm oil. China can buy less soya bean oil and more palm oil if trade talk fails

U.S. President Donald Trump reacts with supporters during a campaign rally in Panama City, Florida, U.S., May 8, 2019. REUTERS

PANAMA CITY BEACH, Fla.: President Donald Trump said on Wednesday that China "broke the deal" in trade talks with Washington and would face stiff tariffs if no agreement is reached.

"You see the tariffs we're doing?" Trump told a rally with supporters in Florida. "Because they broke the deal. ... They broke the deal. So they're flying in. The vice premier tomorrow is flying in, but they broke the deal. They can't do that. So they'll be paying. If we don't make the deal, nothing wrong with taking in more than $100 billion a year."

Trump has threatened to impose additional tariffs on Chinese goods beginning on Friday after China backtracked on substantial commitments it made during ongoing trade talks, top U.S. trade officials said this week. - Reuters

\"You see the tariffs we're doing?\" Trump told a rally with supporters in Florida. \"Because they broke the deal. ... They broke the deal. So they're flying in. The vice premier tomorrow is flying in, but they broke the deal. They can't do that. So they'll be paying. If we don't make the deal, nothing wrong with taking in more than $100 billion a year.\"

Trump has threatened to impose additional tariffs on Chinese goods beginning on Friday after China backtracked on substantial commitments it made during ongoing trade talks, top U.S. trade officials said this week. - Reuters
09/05/2019 9:39 AM
129055444514385 Sime plantation merges with bplant will be good :)
09/05/2019 2:37 PM
129055444514385 A lot of GLCs will consider merger for efficiency, etc like axiata, more to come
09/05/2019 2:38 PM
129055444514385 bplant's net assets per share is about RM1.20, current share price is about 80sen, whoever want to acquire or merge with bplant should offer at least RM1, average price between 80sen and RM1.20 :)
09/05/2019 3:58 PM
Jaya Time to invest here again
10/05/2019 5:42 AM
129055444514385 SimePLT has the means to acquire the 50%+ of Bplant from Boustead Holdgs.:)

SIMEPLT Financial Information
Market Capital (RM)
: 34.079b
Number of Share
: 6.885b
EPS (cent)
: -
P/E Ratio
: -
ROE (%)
: -
Dividend (cent)
: 1.700 ^
Dividend Yield (%)
: 0.34
Dividend Policy (%)
: 0
NTA (RM)
: 1.930
Par Value (RM)
: 0.000

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2018-12-31.
10/05/2019 9:18 AM
129055444514385 BPlant is considered small, better to be merged or acquired by bigger plantation player.


BPLANT Financial Information
Market Capital (RM)
: 1.758b
Number of Share
: 2.240b
EPS (cent)
: -2.31 *
P/E Ratio
: -
ROE (%)
: -1.91
Dividend (cent)
: 19.500 ^
Dividend Yield (%)
: 24.84
Dividend Policy (%)
: 0
NTA (RM)
: 1.210
Par Value (RM)
: 0.500

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2017-12-31.
10/05/2019 9:20 AM
Good123 CPO prices are also expected to improve despite the weaker export outlook, high stock levels and the European Union’s efforts to phase out palm oil, which is projected to reduce exports of Malaysia and Indonesia by some 6.5 million tonnes, about 9% of the total palm oil production.

Negative as it may be, AllianceDBS said there would be no immediate impact towards demand as this is only expected to happen in 2030. The losses could also be alleviated by Malaysia’s B10 biodiesel mandate.

“We expect a rise in average CPO prices, based on the pick-up in demand due to dissipating effects of bumper crops from Indonesia in 2018 along with restocking activities from India and China as well as improved demand from Indonesia and Malaysia’s B20 and B10 mandates,” it said.
10/05/2019 11:27 AM
Good123 i foresee big plantation companies will offer to buy the 50%+ of bplant from boustead hldgs especially GLCs like sime darby plantation, etc... really multiplier effect due to economies of scale like axiata and digi, etc
10/05/2019 11:29 AM
Good123 rebound is near https://www.klsescreener.com/v2/news/view/527318
13/05/2019 8:56 AM
Good123 KUALA LUMPUR (May 16): Malaysian palm oil futures rose to a two-week high in early trade on Thursday on better demand for the edible oil, set to gain for the fourth straight day as they tracked gains in soyoil on the US Chicago Board of Trade.

Benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last up 1.4% at RM2,073 (US$498.68) a tonne.

The market earlier rose to RM2,075, its strongest level since May 2. Palm is also up 4.5% so far for the week, in line to chart its first week of gains in four.

"The market is supported by the continuation of good exports," said a Kuala Lumpur-based trader, referring to the export data reported by cargo surveyors on Wednesday.

Malaysian palm oil shipments rose between 4% and 15% during May 1-15 from the corresponding period last month, according to data from three cargo surveyors, Amspec Agri Malaysia, Intertek Testing Services and Societe Generale de Surveillance.

Another trader added that palm prices were supported by continuous gains in competing vegetable oils.

The Chicago July soybean oil contract had gained 0.9% on Wednesday, after US President Donald Trump eased concerns over the US-China tariff war, and was last up 0.4% on Thursday.

Palm oil prices are affected by movements in soyoil, with which it competes for global market share.

Palm oil may rise to RM2,091 per tonne, as it has cleared a resistance at RM2,034, said Reuters market analyst for commodities and energy technicals Wang Tao.

Meanwhile, the May soyoil contract on the Dalian Commodity Exchange was up 0.6%, and the Dalian May palm oil contract jumped 2.6%.

Palm, soy and crude oil prices at 0433 GMT

Contract Month Last Change Low High Volume
MY PALM OIL JUN9 2030 +26.00 2015 2034 340
MY PALM OIL JUL9 2058 +29.00 2025 2061 4545
MY PALM OIL AUG9 2073 +28.00 2043 2075 8329
CHINA PALM OLEIN MAY9 4222 +106.00 4140 4222 24
CHINA SOYOIL MAY9 0 +34.00 0 0 0
CBOT SOY OIL JUL9 27.35 +0.11 27.23 27.39 2465
INDIA PALM OIL MAY9 525.90 +3.50 524.00 526 100
INDIA SOYOIL MAY9 760 +2.60 758.05 760.5 210
NYMEX CRUDE JUN9 62.44 +0.42 62.08 62.55 33824
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1570)
(US$1 = 70.2850 Indian rupees)
(US$1 = 6.8763 Chinese yuan)
16/05/2019 4:14 PM
Good123 rising cpo price.

PRICING DATE SETTLEMENT PRICE (RM)
Thu, 16 May 2019 2096
Wed, 15 May 2019 2029
Tue, 14 May 2019 2014
Mon, 13 May 2019 1985
Fri, 10 May 2019 1983
Thu, 09 May 2019 2005
Wed, 08 May 2019 2037
Tue, 07 May 2019 2040
Mon, 06 May 2019 1984
Fri, 03 May 2019 2010
17/05/2019 9:28 AM
Good123 good http://www.mpoc.org.my/Daily_Palm_Oil_Prices.aspx
17/05/2019 9:28 AM
129055444514385 SINGAPORE (May 17): Palm oil may rise more to RM2,144 per tonne, as suggested by a projection analysis and a falling channel.

The contract has more or less cleared a resistance at RM2,091, the 107% projection level of a downtrend from RM2,896. It may extend its gain to the next resistance at RM2,144. A falling channel indicates the same target as well.

A break above RM2,144 would be a milestone in chart development, as it will strongly suggest the formation of a big double-bottom around RM1,967. This pattern developed from the Nov 28, 2018 low of RM1,966. In the meantime, the break will open the way towards the range of RM2,246-2,321.

On the hourly chart, the contract has cleared a resistance at RM2,085, the 138.2% projection level on a downtrend from RM2,218. It is heading towards a range of RM2,122-2,145.

(Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
17/05/2019 10:59 AM
brianklc Quarter loss, if u look at the financials carefully, it’s operating costs are more than revenue. Meaning to say at this level of CPO price, the more u produce/sell, the more u loss. Financing costs from land acquisition makes it worse. Unless there are more efficiencies comes from its operations, further operating loss is expected in coming quarters.
23/05/2019 6:34 PM
free2invest Brian, you're very right. I said before that bplant shouldn't buy the Sabah plantation land. Now they have to incur a lot of expenditure, time and other resources to build that plantation.
23/05/2019 10:23 PM
free2invest I think next quarter will be loss again..... Use your own judgement and I not asking you to buy or sell anything here.
23/05/2019 10:27 PM
free2invest I was dying inside to sell you.
24/05/2019 4:04 PM
lck1300 0.01sen , hahaha stupid management ~
is time to cut off all sawit and go for other fruit plantation , i sure malaysia fruit can export and have international market ~! wake up management , is time to change your strategist !~!
27/05/2019 3:04 PM
lck1300 plant banana or something more short time to growth la
27/05/2019 3:05 PM
Jaya 71 I go in big
28/05/2019 11:26 PM
Jaya Que today
29/05/2019 6:40 AM
Jaya Brianklc
I think 71 is cheap for this given the landbank
29/05/2019 6:49 AM
brianklc Jaya, landbank will deplete. The problem with Bplant now is they have distributed most of their gains and fund land purchases by financing, based on the current CPO price, the operating costs are higher than sales revenue, financing costs cant be covered. Unless CPO price recover, else Bplant will have to expedite the land sales sooner than later to cover the finance costs. Its just facts. Personally, I really hoped CPO price can hit 2.5k by mid year, and Bplant to get rid of Sarawak land as its underperforming.
29/05/2019 4:27 PM
brianklc Hence based on facts, the short and medium term Bplant outlook is not that great, I really hoped that I am wrong.
29/05/2019 4:40 PM
brianklc Jaya, your all in @ RM0.71 is less thn 17k shares only?
30/05/2019 10:26 AM
Jaya Brianklc
Thanks for ur info, but at 71 I think it’s cheap
I am looking at 100k shares long term
10/06/2019 9:05 AM
nkk53 0.70 good buy
12/06/2019 10:00 AM
lck1300 why not plant other thing ???
banana , papaya , any of this is quick grown in short year and can export and sell local mah ....
why otak cannot pusing only palm palm palm palm , u know is a dead road you still dont want to change the business model , only wait and die ~!!!!!

palm oil is in red blood sea , indonesia and malaysia is baiting each other see who die 1st , now RM currency is low like shit also cant help palm oil export , imagine what if RM raise ?? buyer will turn to indonesia .....
03/07/2019 12:29 PM
Yippy68 plant banana papaya, workers sapu home, monkeys will join in.
04/07/2019 7:13 AM
legacybg5 sawit easier to process and stored longer, easier to handle. plant one time and harvest for 20 years. low maintenance.
06/07/2019 12:01 AM
legacybg5 diesel subsidies will be reduced in future. become more expensive. cpo based biodiesel can be cheaper alternative and drive up cpo demand
06/07/2019 12:03 AM
legacybg5 https://scialert.net/fulltext/?doi=jas.2009.3166.3170#t4

indonesia is already ahead of us
06/07/2019 12:04 AM
dboulevard low RM strength is good for selling CPO. But low CPO price is bothering. And not enough workers. Problem is it is almost impossible to get local workers. Most companies source workers from Indonesia, Fiji, etc. But lately the Indo workers are getting fewer, they prefer to work in their own country. But overall this stock is undervalued, the land they have are worth a lot more than the share price now. MOst palm oil stocks are down in 2018 till now.
08/07/2019 11:12 AM
lck1300 nono , they have land bank but not cash in bank , all loan from bank , technically , this counter not started to sell their land they gonna have cash flow problem ....

see the dividen payout lately ? they loss in QR still can pay Dividen , crazy counter ~
Gov will bail FGV out 1st if anything happen , this Bplant is just wait die situation , if they not gonna expend/change their business model , only PN17 waiting ~
12/07/2019 12:55 PM
brianklc Land can be pledged to bank to get loans. Don’t forget it’s relationship with Affin Bank.
16/07/2019 8:58 PM
Ermmm run run fast run ohhhh before toooooo late
17/07/2019 6:27 PM


 

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