Simply the yield does not justify. Their businesses are capital extensive which drains its cash flow. Very positive if one is prepared to hold for long term 3 to 5 years. Can consider for your kids' investment. Malaysian's version of Nestle in the making.

紙包不住火!

The latest data from a US climate agency said there was a 60% chance that El Nino “sibling” La Nina – which in Malaysia causes heavier than normal rainfall – will happen sometime from October to Decem­ber.
http://www.thestar.com.my/news/nation/2016/04/17/too-little-water-then-too-much/

Permit ban by Indonesia will worsen CPO supply, food may become expensive
http://www.thestar.com.my/business/business-news/2016/04/18/permit-ban-by-indonesia-will-worsen-cpo-supply/

Malaysia's palm oil exports during the April 1-15 period likely rose 7.3% from the previous month to 484,271 metric tons, cargo surveyor Intertek Agri Services said Friday.

Open for Sale – Maple (New Launch), Meranti
Sold Out – Cherry III, Cherry I, Cherry II, Olive 8, Pines

The last phase double storey terrace 490 units Maple is undertaken by Panahome-MKH JV.
http://www.hillparkshahalamnorth.com/masterplan.php

Growth in supply capped?
http://www.theedgemarkets.com/my/article/indonesia-issue-moratorium-new-palm-oil-concessions

I love QL. It is another Nestle in the making. Barrier to competitors are high. Solid business model and inelastic to up and down in economy. But will only consider when the price is below RM4 which will then make the yield more attractive. Don't think the price will move a lot as it is already very rich in valuation.

One will be getting more anxious of not getting a slice in MKH. Assets in MKH are getting much more valuable and attractive.
- Global central banks are easing. Singapore just did this morning. Good to commodity prices with weakened currencies.
- Yesterday China showed good data, better outlook. It means steady and growing demand.
- World bank expects Indonesia's economy to expand steadily this year. IDR will be resilient against USD.
- Crops output are in 'damaged control' modes over the extreme weather conditions.

Investors seem to dislike recent corporate move. QL still rich in its valuation.

2007 marked the year MKH diversified into palm oil plantation.

Public Bank which has a stake close to 10% would continue to hold on. The stake which was acquired in 2007 costs RM16 million (my guess only because during 2007 the share price was hovering less than RM1) is now worth RM115 million. This has not taken into accounts the dividend payment over the years.

hahaha ...

La Nina can also roil agricultural markets as it changes weather. More rain could fall across Indonesia and parts of Australia and Brazil. At the same time, the U.S. Great Plains, Rocky Mountains and Florida could get less. The previous La Nina began in 2010 and endured into 2012.
http://www.bloomberg.com/news/articles/2016-04-12/la-nina-odds-strengthen-to-50-as-weakening-el-nino-seen-ending

Good MKH value is now just reaching its book value!

Both MKH and Matrix Concept are focusing on affordable housing development but like to believe that the MKH's business model is more sustainable with plantation assets and stable and growing property investment assets.

It's never a good time or bad time if you know there will be a better time.

Discerning buys will continue to take place from now till Q2 results in May 2016. The value gap between MKH (RM1.15 billion) and Matrix Concept (RM1.42 billion) is getting narrow when MKH is getting more attractive.

Investment is most intelligent when it is most businesslike ... Benjamin Graham
Focus on the future productivity of the assets you are investing in.
MKH's businesses are all land based!

Another right thing to do by the Indonesia government.

JAKARTA (April 11): Indonesia is considering cutting the corporate income tax rate to 20% from 25% in the upcoming revision to the income tax law, the finance minister told lawmakers on Monday. "We are still doing our review, but 20% looks adequate," Bambang Brodjonegoro said in a meeting with the parliamentary commission overseeing taxes. Last week, he said the government planned to also cut income tax rates for individuals, but did not disclose details. The current income tax brackets for individuals range from 5% to 30%. He did not give a timeframe when the government would propose changes to the income tax law to parliament.

*DJ Malaysia April 1-10 Palm Oil Exports Down 2.0% -- Intertek
*DJ Malaysia Apr 1-10 Palm-Oil Exports 320,990 Tons -Intertek
Still a decent figure!

http://www.theedgemarkets.com/my/article/malaysian-march-palm-oil-inventory-falls-1314-exports-surge-mpob

March 2016.
Malaysia's palm oil stocks dropped 13% to 1.885 million tonnes. Production was 1.220 million tonnes compared to 1.495 million tonnes last year's March.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5053641
http://www.bursamalaysia.com/market/listed-companies/company-announcements/2862617
http://www.bursamalaysia.com/market/listed-companies/company-announcements/2927025
This same party has been buying shares from the major shareholder of MKH.
It seems that this party has lots of confidence in MKH. This party to bring more value to MKH?

Major shareholder sold substantial number of warrants via direct deal. Why now when the price is on uptrend and company is looking to achieve higher profit? Could it be ...

0217 GMT [Dow Jones] India's edible oil imports for the year ended Sep. 2017 will rise modestly to 15.5 million metric tons from 15 million tons in the current year, says the U.S. Department of Agriculture in a note. However, "tightening global palm oil supplies will limit palm import to 9.8 million metric tons, with soft oils rising to fill the gap." It adds however that palm oil will continue to be the largest consumed edible oil because of its competitive prices, versatility in blending with other others, and wide applications across food and non-food sectors. (lucy.craymer@wsj.com;Twitter: @lucy_craymer)

MKH (market cap of RM1.13 billion) is getting more attractive than Matrix Concept (market cap of RM1.45 billion). The former has more property land bank and higher unbilled sales. For believers of palm oil plantation business, you'll fall in love more with MKH.

Japan, Indonesia, Thailand, Singapore and China. That's how MKH's name gets promoted through alliances with Panasonic.

PanaHome MKH Malaysia perkuat posisi pasar di Malaysia dengan meluncurkan komplek hunian mewah http://www.antaranews.com/berita/552520/panahome-mkh-malaysia-perkuat-posisi-pasar-di-malaysia-dengan-meluncurkan-komplek-hunian-mewah

PanaHome MKH Malaysia ยกระดับตลาดที่อยู่อาศัยมาเลเซีย ผ่านธุรกิจก่อสร้างและออกแบบครบวงจร
http://www.thaibusinessnews.com/readnews.aspx?nid=bca2686c6445904b1604313533fc2a83

パナホーム、ＭＫＨとプレキャスト住宅事業推進：労働力不足の建設業界に寄与強調［建設］
http://nna.jp/free/news/20160331myr003A.html

PanaHome MKH Malaysia憑藉建設與居住設計新業務為馬來西亞的住宅產業創造附加價值
http://times.hinet.net/news/17948502

PanaHome MKH Malaysia Adds Value to Malaysia's Housing Industry
Through New Construction and Living Design Business
http://www.businesswire.com/news/home/20160329006679/en/PanaHome-MKH-Malaysia-Adds-Malaysias-Housing-Industry

MKH made 14 sen EPS in Q1 2016. MKH is likely to make more than 10 sen EPS in Q2 2016. Discerning buyers are on the rise!

What similarity would you think MKH have compared to Public Bank which has a stake of 9.8% in MKH. The answer is uninterrupted profit track records since inception.

MKH has been looking for plantation land but to no avail.

Awaiting announcement on 11 April on the Malaysia's latest production, export and stock for palm oil products.

Market capitalisation of MKH was RM1.6 billion in May 2014. That is now RM3.80 per share. At this price, the PE is likely to be still below 10.

The weakening of MYR will boost CPO prices which are traded in USD.

What has changed.
_Rising and sustaining CPO price.
_Rising and sustaining FFB production (Least affected by El Nino).
_Bullish view on IDR (The government has been doing right things).
_2 MRT stations in Kajang nearing completion.
_Very positive operating cash flows now.

借分享
在股市, 先知先覺賺大錢, 後知後覺賺小錢, 不知不覺賺不到錢!

Refresh and rejuvenate the Malaysia properties!
http://www.thestar.com.my/metro/community/2016/04/02/houses-with-intelligent-layout-japanese-company-using-kajiraku-concept-of-building-homes-in-its-firs/

The Indonesia's palm oil statistics for the first 2 months of 2016 are significant to sustainable performance of CPO price. Production was inadequate to match requirements for export and domestic consumption.

http://news.panasonic.com/global/topics/2015/44510.html
Refresh and rejuvenate the Malaysia properties!

Property JV with Panasonic. Huge market and potential!
http://www.panasonic.com/sg/homes/showroom.html
http://www.panahome.jp/english/

Investment in MKH - 65% and Matrix Concept - 35%. Will switching to MKH a good move? But the yield from Matric Concept is tempting!

Market capitalisation RM1.1 billion for MKH vs RM1.4 bil for Matrix Concept. Which want is value buy?

The company expects to produce FFB 413,000 mt in FY16 or about 6 mt/ha of CPO.

CPO yield of 5.4 mt/ha in FY15 was amazing!

Planting Year/ Ha/ Age/ Status
2008/ 3,800/ 8/ mature
2009/ 5,200/ 7/ mature
2010/ 4,300/ 6/ mature
2011/ 1,100/ 5/ mature

Average trees age: 6.8 years.
Entering prime age zone. What a coincidence with rising CPO price!

Palm oil blended for mandatory B20 biodiesel in Indonesia on track to achieve 3 mil tonnes in 2016. B20 biodiesel absorbed 0.52 million tonnes of palm oil in Jan and Feb this year.