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TH Plant is the best buy - Koon Yew Yin

Koon Yew Yin
Publish date: Tue, 03 Dec 2024, 07:07 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

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Koon Yew Yin, 3rd Dec 2024

Indonesia is the largest palm oil producer in the world. Indonesia plans to implement biodiesel with a mandatory 40% blend of palm oil-based fuel from Jan. 1 next year, a senior energy ministry official said recently, lifting prices of the vegetable oil to a more than two-week high.

Indonesia currently uses B35, which has a 35% blend of palm oil-based biodiesel, and the government had previously said it would increase the blend to 40% next year.

When implemented, the B40 mandate could increase biodiesel consumption to up to 16 million kiloliters (MMkl) next year from a forecast of 13 MMkl this year, the energy ministry has estimated.

B40 will boost Indonesia's palm oil use for biodiesel to 13.9 million metric tons (MMt), from the estimated 11 MMt needed this year with B35, Indonesia's biofuel producers association APROBI had previously estimated.

As a result, the crude palm oil (CPO) price is rising rapidly, as shown by the CPO price chart below:

All plantation companies will continue to report increasing profit. Based on Market Capitalisation per hectare, TH Plantation is the cheapest as shown below.

Name
Price
Market Cap
Planted Area
Market Cap/H
Rank
TH Plant
73.5 sen
Rm 645 M
60,000 Hectare
Rm 10,750
1
MHC Plant
Rm 1.03
Rm 204 M
11,200 H
Rm 18,211
2
Jaya Tiasa
Rm 1.40
Rm 1,363 M
69,000 Hectare
Rm 19,600
3
Sarawak Plant
Rm 2.56
Rm 717 M
35,400 H
Rm 22,254
4
Genting Plant
Rm 5.76
Rm 5,169 M
138,000 H
Rm 37,450
5
Sarawak Oil Plant
Rm 3.46
Rm 3,090 M
82,000 H
Rm 37,680
6
Hup Seng Plant
Rm 2.11
Rm 1,688 M
34,800 H
Rm 48,505
7
United Plant
Rm 31.10
Rm 13,071 M
63,000 H
Rm 207,000
8
THPLANT (5112)
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Discussions
1 person likes this. Showing 6 of 6 comments

speakup

when KYY say buy, it's means sell time

18 hours ago

Philip ( buy what you understand)

shouldnt age maturity of trees per hectare and planted trees per hectare be more important than just a simple hectare per market cap?

for example my own farm in sabah although is only around 200 acres now but my total production and utilization is more than my neighbour plantation nearby of 600 acres. How is that possible?
1. my trees are now fully matured and produce the best as I replanted with the latest seedlings 10 years ago with the latest breed. Meanwhile my neighbour only replanted 4 years ago which means high cost and low production.
2. land type. My land is near to the mill and is perfectly flat near main road which brings my production cost far lower per acre, meanwhile my neighbour is hilly land with poorer soil quality near swampy area.
3. fertilization and crop care also make a huge difference.

If we wanted to do the comparison, the key element the koon should be looking at is the yield per hectare and the expenses per market cap.

18 hours ago

Mini Bull

buy = bye from KYY

17 hours ago

Albukhary

Subur Tiasa = 44000 Hectare. Market Cap = RM176mil.
Market Cap / Hectare = RM4000 only.

@KYY, you should sell everything and buy Subur Tiasa

16 hours ago

speakup

when Kyy say buy, it is time to sell

8 hours ago

investor77

R Sawit not in the list ?

1 hour ago

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