All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

All my small cap and mid cap plantations show excellent Q1 2022 results :
SOP EPS 34.09sen (+146% yoy)
Bplant EPS 19.43 sen (+353% yoy for operations)
Taann EPS 23.75 sen (+155% yoy)
Swkpltn EPS 15.52 sen (+82% yoy)
MHC EPS 5.8sen (+67% yoy)
Cepat EPS 4.93sen (+172% yoy)

They put the big boys to shame !
UP EPS 14.39sen (- 20% yoy)
Simepltn EPS 10.4sen (+27% yoy)
IOI EPS 6.62sen (+3% yoy)

Stay invested in small and mid cap plantation counters. The best yet to come.

@chkhooju, after receiving 45sen, you cost is $1.05 to $1.14 only . I think a very safe bet.

Hahaha… wiser to stay calm and don’t fall prey to insiders and sharks.

@speakup, Favco 85 sen is dividend sure in pocket without having to get approval.
Mphb’s 45sen is still subject to many approvals yet to be completed and conditional to completion of insurance sales . There is difference and investors want certainty.

I am waiting at $1.45. After 45 sen repayment, nett cost is $1.

Can EGM be virtual too ?

That leads me to think that the management is evasive and the most likely outcome is for SU to take 100% control of all assets worths $billions by utilizing the balance of the assets disposal proceeds after the 45sen distribution. The balance proceeds add up to about $866 millions.

I personally don’t like the Management not being upfront on the use of total disposal proceeds in MPI totaling $508+360 millions. Proceeds from the land disposal in earlier years totaling $340 million has not been addressed too.!
They should at least proposed to distribute to shareholder all of the $508 mil being the disposal proceeds from the 51% MPI . The disposal proceeds in earlier years from 49% MPI and land totaling $360 +340 =$700 mil can be addressed in AGM. And $700 mil is a huge sum for investment, working capital etc!

@opportunate, I like your calmness and optimistic disposition, something many of us to learn .

Increasing crude oil production and increasing refining capacity is not so simple and quick as you may think. Serious lack of new investment in exploration and new field over the last few years due to global warning pressure from all fronts couple with aging existing field will see supply to be tight for years. Oil companies are reluctant to step up capex due to the uncertainty of global warning backlash. Same goes with refining.
I am heavily invested in palm oil . I like crude oil too, especially the refining segment. Both pays off very handsomely .

Irrespective of whether the dividend will be sweetened, we minority must continue to fight against "oppression" by controlling shareholders. Minority must wake up and show them the power.

I have just read yesterday's announcement on how the $508 mil (71sen /share) from the 51% MPI disposal to be used - only 45sen is proposed to reward shareholder !
SU thinks we the minority investors have forgotten the huge proceeds from the balik pulau land sales ($226 mil) , Pengarang land sales($113mil) and the 1st 49% sales ($360 mil) totalling $699 mil ! Nothing is paid to shareholders from these previous asset monetisation over last 9 years! Nothing is spend on business development or in new busienss venture to enhance the value of the company!

Yesterday's proposal to reward only with meagre 45sen is not reasonable and can not be accepted. Shareholders must protest fiercely until justice is done.
I will be writing a protest letter to the Board of MPHBcap to let them know there is no incentive for me to support the insurance disposal. My letter will be copied to Generali Asia,
Malaysia's Minority Shareholders Watch Group (MMSWG) and some of the press as well.
Minority shareholders who have the same feeling should do the same.

Palm oil outlook is good . So is crude oil . Both are the basic necessities in life and not much you can cut . Crude oil fundamentals are the same as palm oil eg ESG/ climate change curtailed new investment, war and sanctions disrupted supply and logistics etc. oil price will stay high for a while benefitting upstream producers. Refinery margin is 3-4 times higher than the average of last 10 years !
I stay invested in palm oil as well as crude oil . The return from both are fantastic and mid term future are equally good .

Nice closing today. Weak holders are being ‘eaten up’ gradually by shark/insider until special dividend and/or capital reduction is announced in a few weeks time .

KYY, for goodness sake, the lower qoq production and profit is NOT due to labour shortage. It is the seasonality factor! Q1 coincide with low crop period ! It’s the same every year . Don’t misled your reader . Just compare yoy!

Simeplt realized CPO price for Malaysia segment is only $4,122 which is only marginally higher yoy . This is the result of too much forward sales and poor foresight ! That explain simeplt’s low profit increase yoy.
Avg Spot month CPO price for Q1 is about $6,000. Most small and mid cap plantations will achieved realized price close to $5,800-6,000 and be able to report double to triple jump in yoy profit . So stay with the small and mid cap plantations.

I have consistently said that privatization thru SCR is imminent . There is just too lucrative for major shareholders to strip the assets eventually.

Because all the landed assets worths a few $ billions and they are all in very strategic locations.

I think once the interested shareholders taken it private thru SRC, they will progressively strip the company by monetisating assets by assets over years .

@Opportunate, the term is SCR (selective capital reduction) ie buying out majority of the independent shareholders (called disinterested shareholders). After the SCR, the major shareholder (SU) and his related shareholders ( called interested shareholders) shall continue to own the company. The company can subsequently be re- listed if the interested shareholders wish.

How come PetronM surpass hengyuan now by 20 sen!

Investors should try to attend to voice out strongly the requests for management to set very clear dividend policy. I will be there .

Mr OTB, would you mind to share with us your estimate for HRC’s FY2022 profit ? Thanks
—————————-

Posted by OTB ;
rr88 is a liar.
Whole year 600-800 million profit.
Please show me your calculation.
You are a big liar wants to buy cheap on Hengyuan.
You do not do your homework and simply talk without facts and figures.
You can bullshit to others, do not tell lies here.
A liar is always a liar.

LTAT is working on value appreciation for Bstead and it’s subsidiaries like Bplant. More assets monetisation in Bstead and Bplant is expected.

https://newswav.com/A2205_UiGFZB?s=A_HOGThr5

LTAT is working on value appreciation for Bstead and it’s subsidiaries like Bplant. More assets monetisation in Bstead and Bplant is expected.

https://newswav.com/A2205_UiGFZB?s=A_HOGThr5

I guess some take profit in anticipation of another DJ plunge ?

Wild price swing today from as high as $7.60 down to $7.13 at the close.

What happened to HRC these 2 days?
Wild price swing today from as high as $7.70 down to close at $7.17!

With KYY and his supporters loading up PetronM, it’s share price may soon overtake HRC. KYY can not eat his humble pie following his mistaken comment on HRC recently.

With KYY and his supporters loading PetronM , it’s price may soon surpass HRC.

After insurance sales , MPHB cap has plenty of good value lands in KL, selangor, Penang and Johor that can be monetized. All these lands are not bringing any meaningful yields and the group has no plan to undertake any development on them .

PetronM fast catching up to HRC. KYY may be loading up PetronM instead . He can’t eat his humble pie .

PetronM at yesterday closing $6.71 still a very good buy !

Very good results instead! Profit increase 67% yoy!

@Contrarian, per account 31/12/21 that segregated the insurance segment:
Asset classified held for disposal $2,906942,000
Liabilities held for disposal ($1,703,465,000)
-------------------------------------------
Nett asset $1,203,477,000

Less non-controlling interest ($646,158,000) (on assumption this is Generali portion)

------------------------------------------------
Balance nett asset belong to MPHB $557,319,000

The about $557.4 mil nett asset is before considering disposal gain for the 51% sales of about $ 250 mil which will only be recognized after completion of the sales.

@Contrarian, I think the disposal sum for the 1st 49% of $355+ mil is retained in the insurance holdings and therefore reflected in the asset held for sales amount when the company is separating the total insurance assets and liabilities per account 31/12/21. There is also about $128 mil receivable current which I believe is the credit receivable.

You should also look at the account a qtr earlier before the insurance segment was separated to see how much were the cash , investment securities and receivable.

TheContrarian,
the money is still there , nothing spend and nothing distributed to shareholders since 2014. They are in Cash and in securities investment which the management said are money market funds. Perhaps a small portion is utilized to fund the credit business too.
Although there has been BNM’s restriction on dividend distribution (as the company is a financial holdings), there is no restrictions for the company to utilize the money to acquire new business or expand existing business. Yet nothing is done after 7-8 years and the management is clearly show no appetite to take on new business. I tend to believe that a large chunk of the cash will eventually be distributed to shareholders. The political background of the company in the past (as I share in a separate post this morning) and my suspicions that some ‘old politicians’ are still behind the scenes strengthen my argument on the dividend distribution. I may be wrong .


————————-
Posted by TheContrarian .
@Johnzhang, what happened to the RM700 million over the past 7 years since 2014?

PetronM is fast catching up to Hengyuan

Agreed with TheContrarian that the consideration should be higher than the $355mil for the 1st 49%. Irrespective of what the final amount is, this will add to the existing over $700 mil cash pile after the 1st 49% sales. What is more important for us to think about is what the company is going to do with over $1 billion cash pile.
———————-

http://www.mphbcap.com.my/popup_news.asp?id=156

Though it is an old writeup, it is still relevant to understand the political battle trying to control MPHB. Shareholders should know a bit of this background.

http://lib.perdana.org.my/PLF/News_Online/2017/00105/MalaysiaToday%5B5October2016%5DMAHATHIR%E2%80%99S%20MULTI-BILLION%20RINGGIT%20BANKING%20PHILEO-SOPHY,%20PART%202.pdf

aliyusof, as I am traveling outside Malaysia I have not read the Edge. What’s the gist in the paper?

Below news essentially means LTAT will reduce its investment in Local public equity from existing 44.1% to 20 %. and increase foreign public equity from 0 to 30%. In order to achieve this , LTAT may divest certain entity ? Which one will be most likely candidate?
————————————
KUALA LUMPUR – The Armed Forces Fund Board (LTAT) aims to increase its public equity exposure to 50% through the realignment of its asset allocations as it plans to make a foray into international markets.

Chief executive officer Datuk Ahmad Nazim Abdul Rahman said the retirement fund targets to increase its public equity allocation to 50% from 44.1%, with 30% to be dedicated to foreign investments.

“So, we will see 30% allocated for investments abroad while the remaining 20% will be for the domestic market.

Below news essentially means LTAT will reduce its investment in Local public equity from existing 44.1% to 20 %. and increase foreign public equity from 0 to 30%. In order to achieve this , LTAT may divest certain entity ? Is Bplant to be divested?

KUALA LUMPUR – The Armed Forces Fund Board (LTAT) aims to increase its public equity exposure to 50% through the realignment of its asset allocations as it plans to make a foray into international markets.

Chief executive officer Datuk Ahmad Nazim Abdul Rahman said the retirement fund targets to increase its public equity allocation to 50% from 44.1%, with 30% to be dedicated to foreign investments.

“So, we will see 30% allocated for investments abroad while the remaining 20% will be for the domestic market.

Is Dato Neoh Soo Keat who emerges as a substantial shareholder trying to take controlling stake in BPuri for his property development listing?

Profit surge almost 3 folds !

Posted by StartOfTheBull > 1 hour ago | Report Abuse

Labour shortage caused production dropped and thus revenue and profit dropped.

PChem’s businesses are in the downstream segment like polymer, methanol , urea etc
Fuel oil refining segment belongs to Petronas, the mother company.

Don’t try to fool people with your nonsense!
Cepat’s Q1 2022 profit is 172% increase yoy.
The profit increase may be 200% higher for FY2022 if CPO stay around present level .
—————————————


Posted by plantationgameover > 6 hours ago | Report Abuse

CEPAT QR is out, -36% QoQ because of manpower shortage. tomorrow bplant will follow plummet. those who dont listen to me to take profit prepare to cut loss tomorrow kikiki

s3, agreed . There are all sort of players in stock market. But I don’t think you can get $1 price you hope for . Haha..