MHC's own FFB production in Q4 2021 was 38,911 mt (Q4 2020 37,782 mt), up 3 % y-o-y which is very good amid worsening labour shortage. Avg CPO price for Q4 2021 is 54% higher y-o-y ($5,154 vs $3,341) Therefore, Q4 2021 y-o-y earning growth shall be very impressive.

Additionally, own FFB production for Jan 2022 is 7% higher y-o-y (10,599 mt vs 9,907 mt) while CPO price is 43% higher y-o-y ($5,354 VS $3,748) . We will see yet another explosive earning growth for Q1 2022 too.

MHC share price at $1.01 is just too undervalued!

Hsplant's own FFB production in Q4 2021 is 164,965 mt (Q4 2020 178,081 mt), down by 7% y-o-y which is not bad in view of worsening labour shortage. However, CPO price for Q4 2021 is up by 54% y-o-y ($5,154 vs $3.341). Expect to announce very impressive Q4 2021 earning growth.

It is very encouraging to see Jan 2022 production increased to 52,187 mt (Jan 2021 42,635 mt), up 22% y-o-y. At the same time CPO price is 43% higher y-o-y ($5,354 vs $3,748) . Will see an explosive earning for Q1 2022 too.

Cepat's own FFB production in Q4 2021 was 30,462 mt (Q4 2020 28,822 mt), Up 5.7% y-o-y which is fantastic in view of labour shortage. Avg CPO price is 54% higher y-o-y ($5,154 vs $3,341) Therefore, Q4 2021 y-o-y earning growth shall be explosive.

Additionally, own FFB production for Jan 2022 is 17% higher y-o-y (8,278 mt vs 7,060 mt) while CPO price is 43% higher y-o-y ($5,354 VS $3,748) . We will see yet another explosive earning growth for Q1 2022 too.

Cepat share price at 77 sen is just too undervalued!

Bplant's FFB production Q4 2021 is 248,328 mt (Q4 2020 247,693 mt) , Up marginally y-o-y which is very good despite worsening labour shortages.
Avg spot CPO price Q4 2021 is $5,154 (Q4 2020 $3,341), Up 54% y-o-y.
As a result, Bplant is going to announce huge earning growth y-o-y

KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.

Palm oil trader David Ng said the news would lift sentiment and push demand for Malaysian CPO.

At the close, the CPO futures contract for February soared RM199 to RM5,765 a tonne, March 2022 increased RM168 to RM5,704 a tonne, April 2022 gained RM145 to RM5,594 a tonne,

The physical CPO price for February rose RM100 to RM5,820 a tonne.

KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.

Palm oil trader David Ng said the news would lift sentiment and push demand for Malaysian CPO.

At the close, the CPO futures contract for February soared RM199 to RM5,765 a tonne, March 2022 increased RM168 to RM5,704 a tonne, April 2022 gained RM145 to RM5,594 a tonne,

The physical CPO price for February rose RM100 to RM5,820 a tonne.

KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.

Palm oil trader David Ng said the news would lift sentiment and push demand for Malaysian CPO.

At the close, the CPO futures contract for February soared RM199 to RM5,765 a tonne, March 2022 increased RM168 to RM5,704 a tonne, April 2022 gained RM145 to RM5,594 a tonne,

The physical CPO price for February rose RM100 to RM5,820 a tonne.

KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.

Palm oil trader David Ng said the news would lift sentiment and push demand for Malaysian CPO.

At the close, the CPO futures contract for February soared RM199 to RM5,765 a tonne, March 2022 increased RM168 to RM5,704 a tonne, April 2022 gained RM145 to RM5,594 a tonne,

The physical CPO price for February rose RM100 to RM5,820 a tonne.

KUALA LUMPUR (Feb 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped two straight days of losses to close higher on Wednesday, lifted by a news report that Indonesia, the biggest supplier, is expanding its palm oil export curbs to include all palm oil products.

Palm oil trader David Ng said the news would lift sentiment and push demand for Malaysian CPO.

At the close, the CPO futures contract for February soared RM199 to RM5,765 a tonne, March 2022 increased RM168 to RM5,704 a tonne, April 2022 gained RM145 to RM5,594 a tonne,

The physical CPO price for February rose RM100 to RM5,820 a tonne.

Hopefully the new leadership who has strong financial background can inject new life into WCE.

KUALA LUMPUR (Feb 9): WCE Holdings Bhd has named its chief financial officer Lyndon Alfred Felix as the highway construction group’s new chief executive officer (CEO), effective Feb 17.

Lyndon will replace Datuk Neoh Soon Hiong, who will retire as the group's CEO effective Feb 16, after fulfilling his service contract.

“In view of Felix's appointment as the CEO of the company, he will no longer hold the position of chief financial officer,” WCE said in a bourse filing.

The group said Sisie Lim Shee Shee will be appointed as the general manager of finance and accounts with effect from Feb 17.

According to WCE’s 2021 annual report, Lyndon was appointed as the group’s chief financial officer on Feb 17, 2014

Aluminum increased 492.50 USD/Tonne or 17.54% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Aluminum increased 492.50 USD/Tonne or 17.54% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

On the 10th

I think EPF selling is expected to stop or at minimum as they no longer need to raise $101 bil to meet the Covid special withdrawals by the members.

As a result of this news FCPO Feb contract surged $198 , March contract surged $170 this evening

As a result of this news FCPO Feb contract surged $198 , March contract surged $170 this evening

As a result of this news FCPO Feb contract surged $198 , March contract surged $170 this evening

As a result of this news FCPO Feb contract surged $198 , March contract surged $170 this evening

JAKARTA (Feb 9): Indonesia, the world's top palm oil maker, had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday (Feb 9) showed.

The new rules takes effect on Feb 15, according to the regulation signed on Tuesday, and apply to products such as margarine and kernel oils. The permit requirement was previously only set for exports of crude palm oil (CPO), olein, used cooking oil and residue.

Indonesia moved to restrict exports of palm oil to try to cool down soaring prices of cooking oil at home, which had sent global prices on a rally.

Late in January, it imposed a so-called Domestic Market Obligation (DMO), where exporters must sell 20% of their planned exports at home and with a price cap to ensure lower retail prices.

Under the new regulation, to secure export approvals for all palm products, companies must show proof of their domestic sales of CPO and/or refined, bleached and deodorised palm olein in accordance with the DMO requirements.

JAKARTA (Feb 9): Indonesia, the world's top palm oil maker, had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday (Feb 9) showed.

The new rules takes effect on Feb 15, according to the regulation signed on Tuesday, and apply to products such as margarine and kernel oils. The permit requirement was previously only set for exports of crude palm oil (CPO), olein, used cooking oil and residue.

Indonesia moved to restrict exports of palm oil to try to cool down soaring prices of cooking oil at home, which had sent global prices on a rally.

Late in January, it imposed a so-called Domestic Market Obligation (DMO), where exporters must sell 20% of their planned exports at home and with a price cap to ensure lower retail prices.

Under the new regulation, to secure export approvals for all palm products, companies must show proof of their domestic sales of CPO and/or refined, bleached and deodorised palm olein in accordance with the DMO requirements.

Ini kali Indonesia bukan main main oh…

JAKARTA (Feb 9): Indonesia, the world's top palm oil maker, had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday (Feb 9) showed.

The new rules takes effect on Feb 15, according to the regulation signed on Tuesday, and apply to products such as margarine and kernel oils. The permit requirement was previously only set for exports of crude palm oil (CPO), olein, used cooking oil and residue.

Indonesia moved to restrict exports of palm oil to try to cool down soaring prices of cooking oil at home, which had sent global prices on a rally.

Late in January, it imposed a so-called Domestic Market Obligation (DMO), where exporters must sell 20% of their planned exports at home and with a price cap to ensure lower retail prices.

Under the new regulation, to secure export approvals for all palm products, companies must show proof of their domestic sales of CPO and/or refined, bleached and deodorised palm olein in accordance with the DMO requirements.

JAKARTA (Feb 9): Indonesia, the world's top palm oil maker, had expanded its export permit requirement for palm oil products to include other derivatives, a Trade Ministry regulation reviewed by Reuters on Wednesday (Feb 9) showed.

The new rules takes effect on Feb 15, according to the regulation signed on Tuesday, and apply to products such as margarine and kernel oils. The permit requirement was previously only set for exports of crude palm oil (CPO), olein, used cooking oil and residue.

Indonesia moved to restrict exports of palm oil to try to cool down soaring prices of cooking oil at home, which had sent global prices on a rally.

Late in January, it imposed a so-called Domestic Market Obligation (DMO), where exporters must sell 20% of their planned exports at home and with a price cap to ensure lower retail prices.

Under the new regulation, to secure export approvals for all palm products, companies must show proof of their domestic sales of CPO and/or refined, bleached and deodorised palm olein in accordance with the DMO requirements.

You can go to Bursa website under derivatives to check fcpo prices too. As at 4.50 pm , all the future months upto Nov 2022 are green.

SINGAPORE : PetroChina has started a 33.9 billion yuan ($5.33 billion) programme to expand the petrochemical capacity at a subsidiary plant in northeast China and cut refined fuel production, according to a company post and state media report.

The state oil and gas major's move is in line with a trend within the Chinese industry to reduce fossil fuel output as demand is set to peak, while raising production of higher-value petrochemicals that are imported by the Asian country.
Under the revamp, PetroChina's Jilin Petrochemical Corp plans to add 21 more facilities - including a 1.2-million-tonnes-per-year (tpy) ethylene unit - and mothball seven units, parent company CNPC said on Wednesday, without providing further details.

The new facilities will also include a 600,000-tpy unit to manufacture acrylonitrile butadiene styrene (ABS), an impact-resistant plastic, local state newspaper Jilin Daily reported, without citing details on project completion.

After the revamp, the Jilin province-based subsidiary will produce 2.63 million tonnes less of refined fuel a year but 2.8 million tonnes more petrochemical

Bad for Pchem. Good for petronM and hengyuan

Above development is bad for Pchem. Good for Heng yuan and petronM

SINGAPORE : PetroChina has started a 33.9 billion yuan ($5.33 billion) programme to expand the petrochemical capacity at a subsidiary plant in northeast China and cut refined fuel production, according to a company post and state media report.

The state oil and gas major's move is in line with a trend within the Chinese industry to reduce fossil fuel output as demand is set to peak, while raising production of higher-value petrochemicals that are imported by the Asian country.
Under the revamp, PetroChina's Jilin Petrochemical Corp plans to add 21 more facilities - including a 1.2-million-tonnes-per-year (tpy) ethylene unit - and mothball seven units, parent company CNPC said on Wednesday, without providing further details.

The new facilities will also include a 600,000-tpy unit to manufacture acrylonitrile butadiene styrene (ABS), an impact-resistant plastic, local state newspaper Jilin Daily reported, without citing details on project completion.

After the revamp, the Jilin province-based subsidiary will produce 2.63 million tonnes less of refined fuel a year but 2.8 million tonnes more petrochemical

Plantermen, I have said many times that many Analysts are nuts and unprofessional. Irrespective of their ulterior motives , what they said reflects badly on their credibility and capability. They only see challenges and problems. I fact they see GHOSTs everywhere.

Plantation business is not short of challenges like in any other industry. Amid challenges, there are plenty of opportunities too. The challenges like labour , ESG ,etc will force the planters to change, innovate, adapt and improve efficiency which shall bring a lot of goods to the industry eventually. Despite all the challenges, the planters are still reaping bumper profits ,paying handsome dividend , and strengthen their financial position with many are net cash of hefty sum. The financial performance is all we as investors care about.

I think the small and midsize well managed plantations companies offers much better capital appreciation than the heavy /big guys. The only big plantations counter I own is Simeplant which I see was too unreasonably cheap .
I am in MHC, Cepat , SOP, SWkpltn, TaAnn. Bplant and THplant.

There is deliberate roadblock to cross 80 sens.

@AlfI3, no worries lah . The geopolitical situation won’t get out of control . Omicron is a blessing in disguise. By 2nd qtr , economic environment and share market sentiment is likely to improve than to go worse . That’s my take.

@pinky, Logically it should surpass your $5.07 sold in April 2016 when the Malaysian stock market sentiment improve.
Here is why :
In FY2016, CPO price start from about $2,180 in Jan and gradually increased to about $3,240 in Dec . In FY2016 Taann's EPS was 28.24 sen and paid 10 sen total dividend.

In 2021/2022, CPO reached over %5,000. Estimated EPS is 75 sens for FY2021 and higher for FY2022. . 40 sen interim dividend paid FY2021 and expecting final dividend.

There you go, Simeplant up 3%. The sudden share price drop from beginning Feb 2022 drop gave me and many who understand the company a great opportunity to get superb buy. I started picking up from $3.62 right down to to $3.53. As, I forecasted yesterday, Simeplant will enjoy explosive earning increase in 2022.

FFB production by locations ;
Malaysia 51%
Indonesia 29%
PNG 20%
------------------------------
total 100%
---------------------------

20% of the 29% indonesia production = merely 5.8% of the company total production will have reduced profit due to the Indonesian policy.
However, 94.2% of the company's total production enjoy substantially higher profit due to substantially higher CPO arising from same Indonesian policy.

Sorry for those who had been misled by the analysts and the press.

The Chan fellow is extremely egoistic and that caused the downfall of the company. He , the Board and the whole management are sleeping for years, yet get paid ! Very pathetic situation.

Aluminium price is at record high today ! Good for LBA and Alcom

Aluminium price is at record high now ! Absolutely good for Alcom and LBA

Calvin, can you check at what PE multiples ( based on 2021 estimated EPS) are the Indonesian plantation listed in SGX are currently traded? Many small and midsize plantations in Bursa are trading at 5-7x PE. Some of the big guys are trading at about 10x PE.

CIMB’s Ivy Ng just said that plantation in Spore and Indonesia offer better valuations. I have very little confidence on what she said .

Will reach 88 sen once QR is released. Hehehe…

Will break 80 sen tomorrow.

Sop holding steady. Up marginally today.

Despite US ban, simepltn can divert the little US bought to other markets and enjoy high price .
What really matter to me is if the company going to make more money and pay handsome dividend. I think it will.
I have been buying the dips from $3.62.

yes, figure can not lies.

Agreed, it is a good stock to buy and hold like most other well managed plantation counters.
KLK will make explosive earnings in FY 2022
KLK's realised CPO selling price for FY2011 ending Sept is only $3,211 due to substantial forward sales locked at lower prices.
For FY2022 (ie Oct 2021 to Sept 2022 period), the average realised CPO selling price is definately much higher the FY2021.
CPO Oct-Dec 2021 (FY2022 Q1 for KLK) is above $5,000
CPO Jan-Mac 2022 (FY2022 Q2 for KLK) will also be above $5,000
FCPO Feb to Dec 2022 is averaging $5,189 as at 7/2/2022.
should KLK continues to sell forward (which is necessary for big producers), the average realised CPO price for FY2022 will likely be exceeding $5,000 (compared to $3,211 for FY2021).

@titan3322, If i am not wrong, PublicInvest issue TP $4.41 in Nov 2021 and it is based on assumption the FY2022 CPO price is $3,300.
CPO spot price for Jan 22 is averaging $5,354.
FCPO average Feb to Dec 22 is averaging $5,189 as at 7/2/2022.
Do you see the difference ?
Moreover, the IBs see ESG as seeing ghost.
No matter how ESG politics is play, plantations are laughing to the bank and that is what matters.

It is widely reported Shale oil production cost is USD35 - USD60 varying between producers. Opec once said in few years ago that oil price should be USD60 to thwart surge of shales production.

SOP realised very good CPO selling price in 2021 .

Actual CPO price realised in 2021 (per QRs) :
Jan-Mar 21 $3,885
Apr-Jun 21 $4,414
Jul -Sep 21 $4,490
Simple av Jan-Sep 21 $4,263 which is very close to the spot market prices reported by MPOB.

Avg CPO spot price for Jan 2022 is $5,355. Feb spot price is likely to be higher. FCPO average from Feb to Dec 2022 as at 7/2/2022 is $5,189.

Based on the above, i am confident that SOP is going to make significantly higher profit in 2022 (2021 estimate EPS is already 77 sen)

UP will have explosive earning in 2022 !! Here is why :
As reported by management, the company sell forward significant volume for crop produced in 2021.

Actual CPO price realised in 2021 (per QRs) :
Jan-Mar 21 $2,892
Apr-Jun 21 $2,967
Jul -Sep 21 $3,053
Simple av Jan-Sep 21 $2,971 only as opposed to spot mkt price averaging $4,172 which is the result of premature forward sales (and wrong judgement by management !!!)

FCPO average from Feb to Dec 2022 as at 7/2/2022 is $5,189 !!

If the company continues to adopt forward sales policy, the realized selling price for 2022 will be significantly higher than last year ,and hence earnings !

I think Simepltn will have explosive earning in 2022 !! Here is why :
The company which produce huge amount of CPO inevitably have to constantly sell forward significant volume to buyers and/or enter into Future CPO contract to 'protect' earnings.

Actual CPO price realised in 2021 (per QRs) :
Jan-Mar 21 $3,185
Apr-Jun 21 $3,632
Jul -Sep 21 $3,770
Weighted av Jan-Sep 21 $3,545 only as opposed to spot mkt price averaging $4,172 which is due to forward sales .

FCPO average from Feb to Dec 2022 as at 7/2/2022 is $5,189 !!

As the company continues to adopt forward sales and FCPO hedging, the realized selling price for 2022 will be substantially higher than 2021 (as show in the above.

Bear in mind Oil market is always very cyclical and political.