I think Bstead holdings’ MBO has good chance to go thru.

After the Sarawak estate divestment hopefully can be completed by end 2022 , Bplant shall be debt free .

Having borrowing is not a problem at all if the business generate enough positive cashflow to service the loan . In the case of Bplant the cash flow from operations has been very strong in last few years and shall still be positive so long CPO is above $3,000 pmt.

No use to slam this stock and slam the people who are positive about this stock . By doing so it will only make your life more miserable . Better spend time doing something positive and productive .

When new controlling shareholders come in , I believe more value creation exercises and asset monetisation will happen for Bstead and Bplant too. Something good for Bstead and Bplant shareholders to look forward to .

Possible MBO for Bstead as reported in the news .
LTAT has recently set its strategic plan which entail reducing local equity investment substantially and will likely lead the divestment of Bstead holdings. Management clearly aware of the real value of its assets and therefore try to get hold of it instead of landing in other peoples’ hands.

When manipulators bought enough at ‘fire sales price’ you know what next will come.

No point to convince the MM nut with any facts and figures. You get nowhere. His brain is totally shut down.

For those who hold the view that Bplant is hopeless shouldn’t waste their time posting in this forum.
If they continue it means they are trying very hard to talk the price down to buy . It’s that simple.

Don’t write off plantation stocks yet !

Strong rebound maybe in the making for this high dividend stock . Can expect about 20sen dividend this year .

40sen capital reduction is considered in the pocket . 5sen or higher dividend will follow soon.

I think it is too early to give up hope on this counter. It’s individual choice .

Too early to write off plantation stock! You will be very surprised to see the turnaround.

It is too early to write off plantation counter ! Watch out for upswing.

Don’t write off plantation stock yet !

For those who bought at 50sen or below in 2020, their share will soon be free of charge. Total dividend received since 2020 is 16.7 sen already. Conviction and perseverance pays off very well.

@endgame, it will surely go limit up when buy 1 mil shares tomorrow.

Oil refineries are making a windfall. Why do they keep closing?
PhILADELPHIA — As the energy crunch drives record profits at American oil refineries, the owners of what had been the largest such facility in the Northeast have no regrets about tearing the place down.
Oil refineries across the country are being retired and converted to other uses as owners balk at making costly upgrades and America’s pivot away from fossil fuels leaves their future uncertain. The downsizing comes despite painfully high gasoline prices and as demand globally ramps up amid sanctions on gasoline and diesel produced in Russia, the third-biggest petroleum refiner in the world, behind the United States and China.
Five refineries have shut down in the United States in just the past two years, reducing the nation’s refining capacity by about 5 percent and eliminating more than 1 million barrels of fuel per day from the market, leaving the remaining facilities straining to meet demand. Yet even at this lucrative moment for what’s left of the refining industry, a White House desperate to bring down gas prices is having little success persuading owners to expand operations, and more closures are imminent.
Why an energy crisis and $5 gas aren’t spurring a green revolution
The futility of the White House effort came through in the response to letters President Biden sent this week to the nation’s major oil companies, chastising them for squeezing “historically high profit margins” out of their refineries. “At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable,” Biden wrote. Biden threatened to invoke emergency powers if the companies don’t bring prices down.
The companies are unmoved. The profits follow years of heavy losses at many facilities after demand plunged during the pandemic. Unpredictable shifts in oil markets had created a challenging business climate before that. Even at this moment of windfall refinery earnings, when the profit margin on each barrel of oil processed has jumped from a dollar or two a year ago to as much as $18 today, investors are hardly jumping at the opportunity to enter the sector. They fear the profits are short lived. The administration’s environmental priorities — as well as rising public and corporate concern about climate change — would make many refineries obsolete in the not-too-distant future.
Building and upgrading the mammoth structures is a messy, expensive undertaking that can drag on longer than a decade, strain the finances of even the biggest fossil fuel giants and run the risk of getting abandoned before that investment is returned.
“I don’t think you are ever going to see a refinery built again in this country,” Chevron CEO Michael Wirth said in an interview with The Washington Post this month.
“It’s been 50 years since we built a new one,” Wirth said. “In a country where the policy environment is trying to reduce demand for these products, you are not going to find companies to put billions and billions of dollars into this.”
The last major refinery to come online in the United States, in 1977, is the one owned by Marathon Oil in Garyville, La. It is capable of pumping out 578,000 barrels per day. Since it opened, more than half the refineries in the United States have closed.
While the Biden administration says market manipulation by Big Oil is behind the shortage of refined fuel right now, the major fossil fuel companies don’t have a monopoly on production.
White House would have to take extreme steps to compel companies to refine more right now. That could involve Biden invoking emergency powers to curb exports of refined gasoline and diesel or to force companies to restart operations at idled American refineries, according to a memo ClearView sent clients.
Senegal sees opportunity and ‘hypocrisy’ in Europe’s search for gas
The president wrote in his letter that he is “prepared to use all tools at my disposal” to bring prices down, scolding oil executives for making record profits off a refining shortage that is “blunting the impact of the historic actions” by the White House to confront soaring gas prices. Those actions included releasing 1 million barrels per day from the Strategic Petroleum Reserve and the suspension of an environmental rule limiting high blends of ethanol into gasoline in the summer.
Analysts caution that any actions the White House tries to take to spur more production could backfire. Curbing exports, for example, would intensify fuel shortages in Europe and could lead to further political destabilization there. It could also motivate companies to move more operations overseas, worsening shortages in the United States.
“The problem is we are running the existing refineries at full power,” said Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University. “There is not a lot of ability to require industry to refine more than it already is.”

Refineries cash in as petrol prices soar
By Ben King
Business reporter, BBC News
Oil refineries are making nearly five times as much money from refining petrol as they did year ago, data show.
A lack of capacity to refine petrol and diesel from crude oil has helped to push fuel prices to record levels, and increased profits for refinery owners.
Petrol prices are at an all-time high though the oil price remains well below record levels.
The loss of Russian supplies has stretched an industry which was already at full capacity.
Part of the increase is down to the high price of crude oil, driven up by fears the war in Ukraine would cut access to supplies from Russia.
That has led to billions of pounds of extra profit for oil producers, and led the UK government to impose a £5bn windfall tax on North Sea oil producers.
Fuel prices: Why is petrol so expensive in the UK?
“The refiners are printing money at the moment,” says Neil Crosby, senior analyst at the data firm OilX. “More than they have ever witnessed.”
There’s a shortage of refining capacity, which has led to substantial increase in the "refining margin" – the difference between what they pay for crude oil and what they can make selling the refined products.
“This is a real crunch in terms of the industry’s ability to produce these fuels. That very much turns up in the wholesale price of diesel and petrol,” says Mr Crosby.
And that's contributed to the fact that although oil prices are still some way off record highs, petrol and diesel have been setting new records day after day.
How much have margins increased?
Figures from the data company Refinitiv show how the business of refining oil has become so profitable in the past year.
On the 8 June 2021, refiners were making $9.26 per barrel from refining petrol, and $6.84 per barrel refining diesel.
On Wednesday, they were making $43.11 on petrol, up 366%, and $51.13 on diesel, up 648%.
Figures published by BP, which owns a number of refineries in Europe and the US, shows its own measure of refining profits, the ‘Refining Marker Margin’, up from $7.7 dollars per barrel to $35.7 over the past year.
US oil giant ExxonMobil owns a number of refineries, including Fawley in Hampshire, the UK’s largest. Last month the Financial Times quoted its chief executive Darren Woods as saying he did not think that the “very, very high margin environment” was “good for economies around the world.”
A source close to a major refinery owner argued that the refiners don’t set the margins themselves. Prices for crude oil, petrol and diesel are determined by the market - what supplies are available, and how much buyers will pay.
Why are refinery margins so high?
Before the invasion of Ukraine, much of Europe’s petrol and diesel supply was made in Russian refineries and imported in tankers. In 2020 the UK received 18% of its diesel supply from Russia.
Though that supply has not been cut off completely, the volumes coming from Russia are significantly lower as buyers shun Russian exports even before sanctions fully kick in.
Fuel stocks were low before the invasion and there was already a global shortage of refining capacity. The sector has not been highly profitable in recent years and attracted little investment.
So there was no slack to make up for lost Russian refining capacity.
The worldwide lack of refining capability has contributed to high fuel prices in other countries, including the US.
In addition, China has cut its exports of refined fuels. And although the UK doesn’t import directly from China, this has a knock-on effect on the entire global market, Mr Crosby says.

Along with the start of the summer travel season, the nation is seeing the highest gas prices in a decade when adjusted for inflation. President Biden is responding by attacking oil companies for profiting off of fuel scarcity.
PRESIDENT JOE BIDEN: Exxon made more money than God this year.
KURTZLEBEN: Biden fired off letters to seven oil companies, including ExxonMobil, asking them to produce more. But refiners say that's just not possible. NPR's Brittany Cronin explains.
BRITTANY CRONIN, BYLINE: If you filled up at a gas station recently, my condolences. That was probably painful.
CRONIN: Gas prices hit $5 a gallon nationwide for the first time ever a week ago. A key reason why is that refiners are not making enough gasoline.
PATRICK DE HAAN: There's been a tremendous challenge with the refineries being able to meet demand that has resurged as the economy continues to gain momentum post-COVID.
CRONIN: That's Patrick De Haan from GasBuddy, a company that tracks fuel prices. You can think of refiners like an Easy-Bake Oven. On one side, you input your raw material - crude oil that's been pumped out of the ground. And out the other side comes your finished product - gasoline, diesel, jet fuel. But there is a bottleneck at refineries right now for a few reasons. First off, the oil sector got annihilated early in the pandemic. When demand for gasoline dried up, some refiners cut back. Denton Cinquegrana is with the Oil Price Information Service.
DENTON CINQUEGRANA: When you're losing money on doing it, what do you do? You stop making it. And that's when you shut down refineries, which we have seen happen.
CRONIN: The second thing that hurt refiners was actual physical damage. Hurricane Ida took out a refinery in Louisiana. A fire burned down another in Philadelphia. But the third reason is really the most crucial. The country is in the midst of an energy transition championed by none other than the president himself.
BIDEN: I guarantee you, I guarantee you, we're going to end fossil fuel.
CINQUEGRANA: The Biden administration has made it clear that fossil fuels, you do not have a place on the table going forward.
CRONIN: So Cinquegrana says some refiners have repurposed their facilities. In fact, they're making renewables like biofuel instead of gasoline. As a result, the U.S. has lost a million barrels of refining capacity over the last few years. And Cinquegrana doesn't think the U.S. will ever refine as much oil as it once did.
CINQUEGRANA: I think the refining executives say, well, looks like the writing's on the wall.
CRONIN: The irony is that as refiners are shifting away from fossil fuels, they're making a lot of money. President Biden says it's not acceptable for refiners to be profiting so much when Americans are getting squeezed at the pump. In his letter to refiners this week, he called for the companies to ramp up their refining capacity. But that's unlikely to happen. For one thing, refineries are already running at full capacity. As for the ones idled during the pandemic, that's not a quick fix either. Not only would it take months to bring them back online, it's also a financial investment unlikely to pay off.
CINQUEGRANA: You're talking about a lot of money to get these refineries that are idled up and running. And when I'm being told, five years from now, we hope you don't exist, why should I help you?
CRONIN: And as for investing in new refineries, that's pretty much a nonstarter. Here's Chevron CEO Mike Wirth.
MIKE WIRTH: My personal view is there will never be another refinery built in the United States.
CRONIN: The result is an impasse. If President Biden was hoping the country could refine its way out of high gas prices, that's probably not going to happen.

In 2017 when Petron made $1.50/share , avg crack spread for that year was 10.34 only .

https://newswav.com/A2206_5QFWSb?s=A_shy92o9

https://newswav.com/A2206_5QFWSb?s=A_shy92o9

Stupdd gimfinder tried to speculate what people do to make himself syiok sendiri. He needs that . Very pathetic.

Probability is too kind to address MM as Sifu. I call him Sifut (asshole in Cantonese). Hahaha..

Why you so busybody about what other people do? Afterall, it is not your money. You actually do not know what are other people’s actual situation and strategy! Better care for yourself as you already eating shit.
——————-
Posted by gemfinder > 8 hours ago | Report Abuse

Fed fight infaltion. all comodities drooo... good luck to holanking otb, study si pin zonjang

Syndicates have bought enough at big discount are ready to push it up now ? Let’s see!
—————-
https://newswav.com/A2206_9iPjH7?s=A_drU3vRY

Better not to be cold-hearted. Your ill intention will catch up with you one day . We should wish to see everyone doing well instead .
——————————-
Posted by Jerichomy > 12 minutes ago | Report Abuse

I oredi making money another counters. Just like to see this counter becoming another ays and hiap teck haha

Jerichomy,
There is no point to speculate what I do . It won’t bring you any good . You must well spend your limited time to find something that can make you rich instead of spamming day and night in this forum.
————————
Posted by Jerichomy > 6 minutes ago | Report Abuse

Johnzhang and syndicate selling their shares to ikan bilis

gemfinder,
Pls continue to suck your milk bottle than to look for a fight . The world will be peaceful when you vanished
———————-
Posted by gemfinder > 14 hours ago | Report Abuse

Where is holanking otb, study si pin tahi pampers jonzhang, so called copy n paste sifu probability?

There is no spare refining capacity anywhere in the world except in China and Russia. I don’t think It is to China and Russia ‘s geopolitical interest to help US , Europe and their allies to contain inflation. My guess is refining margin will continue to be above normal level for next few years .

KYY just published an article to ask you to sell even at today’s price . I wonder if he is fishing for good buy . Hehe…

Some hoping and waiting for the sky to come down. Will it ? Hehehe…

Some can talk and talk until the cow come home. Smart one will just make some good decisions in the quietly.

Some can just talk and talk hoping the sky come down ! Smart one will just need to do what is right quietly.

Is this a prelude to some M&A activity?
————————
KUALA LUMPUR: TH Plantations Bhd's (THP) special purpose vehicle, THP Suria Mekar Sdn Bhd (TSM), has completed the lodgement to the Securities Commission Malaysia to establish a proposed Islamic Medium Term Notes (IMTN) programme of up to RM1.08 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Wakalah programme).

In a Bursa Malaysia filing, THP said the programme will have a perpetual tenure.


Proceeds raised would be used to finance or refinance TSM's existing or future Islamic financing, including the outstanding sukuk issued under TSM's existing Sukuk Murabahah programme of up to RM1.2 billion in nominal value.

The filing said proceeds will also be used to finance THP group's Shariah-compliant business operations and working capital, as well as to defray expenses incurred to establish the Sukuk Wakalah programme.


For the avoidance of doubt, the Sukuk Wakalah proceeds can be advanced within THP, via Shariah-compliant facilities for Shariah-compliant purposes, the filing said.

Maybank Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the Sukuk Wakalah programme.

I guess notice of EGM to vote for insurance disposal and special dividend will be announced soon . Share price should be firmer from EGM notice until ex date of special dividend .

In the first place, people who have no knowledge how stock market works and no knowledge what they buy shouldn’t be in the stock market . Who to blame other than themselves?
—————————-
Posted by anthonytkh > 31 minutes ago | Report Abuse

I had posted here before awhile back how poor Hengyuan’s fundamentals are. Someone “famous” here promoted it saying he thinks HY have good fundamentals. Just like he did saying AYS have good fundamentals, which is the complete opposite

He preys on the uneducated, those that blindly “follow”….

MM, Blame you ? You think too highly of yourself ! Apart from barking day and night, you have no substance. Hehehe..
——————————-
Moneymakers posted :
Aiyaa John dont blame me if u stuck high

Nobody give a damn to Biden!
Moneymakers can go to US to be Biden’s dog instead of barking here day and night!
———————
Biden delivered his most direct salvo yet in a campaign to blame the industry for stoking price increases.

Average fuel prices are now US$5 a gallon (RM22.09) for drivers in the United States, up from US$3 a year ago, and the spike is reverberating through the entire economy.

“Refinery profit margins well above normal being passed directly onto American families are not acceptable,” Biden wrote .

White House Press Secretary Karine Jean-Pierre told reporters that Biden sees it as US oil companies’ “patriotic duty” to increase capacity.

“We are calling on them to do the right thing, to be patriots here,” she told reporters.

The president has regularly lambasted the oil industry for what he says is a failure to tap into already approved wells and increase output.

In the letter Biden asked for “explanation of any reduction in your refining capacity since 2020 and any concrete ideas that would address the immediate inventory, price, and refining capacity issues in the coming months – including transportation measures .

Everyone is free to post genuine information and view points that based on facts, figures and reliable news sources. Absolutely nothing wrong about it.
It is totally the discretion and responsibility of the readers on how they want to make use of the information. The decision to buy , to sell or to just ignore rest 100% with them .
I see Some wanted to shift blame to others for their trading losses , except blaming themselves. Such irresponsible attitude won’t bring them far in life .

Staying strong although overall market plunge . Good sign .

In AGM yesterday, it was mentioned that the management will get the disposal of whole Sarawak estates completed by end of this year . Once it is done, valuation will improve. Dividend will be consistently good if CPO price stay above $4,000/- in next few years.

he never tell you if he has cashed out already or is he buying now ?

No winner in a bear market.

there is always good dividend to look forward to.

Just watch out if there is announcements in next few days.

Could be share buybacks or insiders buying?

Ya. People panic sell everything today except MPHB capital.