is the record qtr revenue due to flowover from backlog of previous qtr delay in fulfilment due to MCO?

if not. SKP can fly leh

am surprise they only make announcement today, and allows insider to trade it down.

Anyone knows about that association between Rimbunan and Jtiasa?

///Driver///
Soy production affected in Argentina, Brazil
Vaccine news > activity back to normal > meat, oil consumption increase
Europe come out of lockdown > biodiesel need goes up
CPO going into low output season
Indonesia President announce vaccine deploy before year end, boost local consumption
As today, CPO in Dalian exchange break 6800 (2012Q4 level)

///Pull back///
Vaccine failed to be deploy, goes into major lock down

why? i bet door gift will be face mask and PPE set. lol

of course, in agm you can ask director lots of stuff that wont get publish if analyst dont cover it.

congrats to those who hold on. anyone attending their upcoming agm?

if vaccine deployed, its super good news, consumer activities going to pick up.

if solution offers free jab of the vaccine for all shareholders, would you take it?

waiting for Biden to announce mandatory face mask usage.

Mikecyc , Just look at their cash flow statement of FY2020

Operating Cash Flow after paying interest:181mm
capex: -13mm
Financing: -143mm
Nett: still got 25mm (thought 2019 is a bad year)

I think most plantation company are in huge debt as its a milk cow for 15-18 years. Their cash flow will be able to cover in long term. If Jtiasa is net cash company, the share price would be multiple now....

good to hear they already establish distribution channel.

If FY21 Q1 is short of 99,592 tons Fruit Bunches compared to FY20 Q1 , ( 23.4 % ).
But FY21 Q1 CPO average price is RM 2753 ...FY20 Q1 is RM 2014 .. Difference of 26.8 %

If we take CPO cost price is around 1800,
2014-1800 = 214 ; 2753-1800 =953
the generated profit from the sector could be 4x of FY20Q1 even the harvest drops 23%.

good news, EU ce also obtained.
https://klse.i3investor.com/servlets/ptres/57354.jsp

I think supermax price has already factors in orderbook ahead. but pecca, no one knows what's their orderbook on PPE for now.

The average price of CPO for past 2020Q2,Q3 is higher than second half of 2019.

mikecyc are you sure its output per acre for MHC? are they not buying from other estates?

https://klse.i3investor.com/servlets/ptres/50078.jsp
From this write up, indonesia plant should be ready working

http://boilermech.com/oil-recovery-technology.html
And this technology seems promising, just not sure if its propiertary technology or competitive.

Correct me if I'm wrong, i remember the board says in 2021 indonesia revenue contribution will be meaningful. Is this what trigger the run? I didnt attend their recent agm....

what kind of good news soon?

Just receive Rentas Health mask from online order, will test it later and see what's the difference between this and those rm7-15 per box mask from China.

how's the yield and plant maturity of SOP, TAANN, SWKPLT compare to JTIASA, RSAWIT

if you have confident, when it plummet, just buy more. The plummeting volume is very low. if you need confident, drive to their kepong factory and count how many truck load go in and out.

Maybe they are waiting for the N95 approval to announce together.

are you able to hang on for it to hit rm2.... thats a big test towards patience.....

PRLEXUS facemask has special technology, since they are specialist in fabric. I think PROLEXUS is manufacturing for uniqlo, the mask looks so identical.

Anyone dig further into their leather business?

From management reply, they are engaging with partners who already have establish sales channels.

Maybe the company is holding back announcement since they are doing Share buy back lately

@theyxyj it just came out on FDA site today, there's no reg no. last week , and for about a month.

Finally, Pecca obtain FDA establishment reg number 3010133590

With Proton X50 getting 20k booking and perodua sales growth, Looking forward for their upcoming quarter report

The 10.1 holiday in china has resulted massive traveller flow in China, probably due to drop of out-bound travel. Let's see if this will stimulate their restocking on Palm oil when the market reopens on 8th

@hng33 i remember boustead plantation bought a big piece of land in sabah, which resulted in share price being dumped?

very bright prospect from their AGM ey

maybe venture into vaccine....lol!

where do you get the soybean price recovery stats?

europe lockdown = rapeseed oil supply disruption?

https://www.theedgemarkets.com/article/malaysias-sept-120-palm-oil-exports-rise-94-%E2%80%94-its

Malaysia's Sept 1-20 palm oil exports rise 9.4% — ITS

the price is volatile according to the up and down of derivatives. if believe in the outlook, just hold until it goes above rm1.

major concern is not whether cpo price can goes up, its Jtiasa management integrity....

Poor weather conditions in US, argentina,
https://www.hppr.org/post/usda-tempers-expectations-record-harvests-af...-0
https://www.agricensus.com/Article/Dryness-slows-start-of-Arg-Corn-pla...

coupled with China buying like crazy due to flood in multiple regions
https://www.agriculture.com/markets/newswire/grains-soybeans-hit-over-...

CPO can rise further, as long Malaysia are not flooded in coming months

https://finance.sina.com.cn/money/future/fmnews/2020-09-18/doc-iivhuipp4981381.shtml

“国内豆油现货价格连续走高，各地基差报价上升150—250元/吨不等，过高基差可能导致走货有一定的迟滞，但是，近期下游买家仍有备货需求，加之豆油可流通的库存并不高，豆油高基差的状态短期或将持续。美豆价格再创新高利好国内豆油价格，国内豆油高基差状态持续，豆油价格或延续强势。鉴于目前豆油已运行至阶段高点，操作上注意高位风险。”谢雯说。


菜油方面，目前国内菜籽压榨量处于较低水平，沿海菜油库存在24万吨，同比下降46%。目前加拿大进口菜油有利润，但鉴于8月出现过进口菜油入关不畅的事件，菜油实质进口量不佳。

waiting to brew to rm1... with reference to dec price....

from HL: Hevea has secured orders until Feb 2021. Additionally, we are encouraged by the fact that Hevea has received interest from US-based companies to supply RTA furniture. Currently, US accounts for >5% of their total RTA sales. While we understand demand for furniture products globally has spiked, Hevea’s ~2,000 labour are already working at full capacity. While Hevea has the factory space to increase RTA productions by 20%, we understand that production is bottlenecked by the availability of foreign labour due to the freezing of hiring foreign labour until year-end.


Don't quite understand how HL put their TP0.48. assuming both new and old plant utilization reach 100%, and with the automation investment over the past years, Hevea should be easilby back up above RM1.20 right? management has said that the MCO has open doors for their eringi business into AEON

Anyone going down to bangi for AGM from Klang Valley? Can I hitch along?

AR seems promising:

One key decision which the group made in FY 2020 was to invest and install new capacities for the future. In total, the Group invested RM 100 million in FY 2020 including plants, machineries, Surface-mount Technology (“SMT”), robotic spray facilities to cater for both EMS and non EMS sector.

Last year, we reported that we had purchased a new factory adjacent to our current Johor Bahru operation plant. In this regard, we have successfully commenced operation in this new factory and we have achieved a vigorous record setting time of 3 months from the handover in May till August when we first started mass production.
We have thus far invested approximately RM 50 million in this set up which houses one of the most advance injectionmoulding facilities coupled with energy savings machineries and full fledge robotic automation. This new factory iscurrently operating at 80% capacities and we are reaping the benefits in terms of high yield efficiency, reduce energy consumption and reduction in manpower usage. This has always been our ethos and I am glad that these strategies have materialised and serve the group well which ultimately help us achieves a higher margins.

On top of these developments, SKP BM Electronics Sdn Bhd (“SKP BM”) which provides PCBA solutions to our clientele have also started its maiden business delivery to our own in-house floor care products.

Notwithstanding this, this new division is also expected to contribute positively to our group revenue and earnings in the coming years. SKP BM are currently working on several new products to cater for our own in-house consumption and one key area of focus is the assembly of battery pack which is targeted to launch in FY 2021. These developments are progressing steadily.

its more likely rentas health is subsidiary or pecca
https://www.jobstreet.com.my/en/companies/444587-pecca-leather/jobs

rentashealth.com is only created in April, so more likely its part of pecca.

The company also supply covid 19 test kit. lets find out who they supply to, if they supply to government. upcoming result should be very good.

https://rentashealth.com/covid-19

its more likely rentas health is subsidiary or pecca
https://www.jobstreet.com.my/en/companies/444587-pecca-leather/jobs

https://www.facebook.com/rentashealth/videos/741515906408327/

looks pretty pro

if you believe the notion story of 12mm/month face mask, and pecca plan to ramp up to 25mm/mo at year end, how much would Pecca TP be?

Notion revenue is 200+mm, pecca is only 100+mm, the revenue from face mask will be more significant for pecca over notion, with other PPE gear being produced, pecca has better potential to secure long term contract with hospitals.

anyone dig into how they impair over 100mm in receivables? management could just set up a unknown company to served as middle person to all their projects, and impair via it, shareholder deserves DETAIL EXPLAINATION!

assumed they really got all the approvals, what is the TP?