The reinsurance market is huge . The domestic and international insurance companies assign a portion of the premium and risk to reinsurers like MNRB. It’s up to MNRB whether to underwrite based on risk assessment. MNRB’s own Takaful general and life insurance are growing..

Nothing wrong with the stock . Something very wrong with the government!

It can’t go wrong to buy at 57 sen for a plantation stock amid robust CPO and with undervalued landbank.

ESG is a double edged sword

ESG compliance will eventually lead prices for agriculture commodities, CPO especially, metals (steel, aluminum etc) and O&G to go higher and eventually stay elevated. Because of ESG , coupled with covid hiccups, there has been no capital investment and worse still there are rampant cut back to meet decarbonisation goals.

Don’t you think what is going on is a psychological warfare on minorities? Especially when the Advisor rated it unfair with over $3 EV

Another big jump In CPO price today

It’s unbelievably cheap at $0.57 . I pick up some between $0.565 to $0.57 today.

@infoSeek, the irony is investors are hesitant to buy the share at today’s price of $0.52-0.55 In this respect, no point to talk about what it really worth . Just my view .

Value for money at this price .

SM has successfully taken many bursa isted companies private without hurdle eg, bernas, tradewind plantation, north container port , Johor port , etc etc .
I don’t think MMC is an exception.

I remember those failed privatization cases always with objections sounded well in advance by some shareholders who hold ‘sizable’ stake .
And, the price traded now (prior to AGM) should not be taken as the accurate indicator whether the privatization will succeed. Most of us may know that our market is not so straightforward and transparent as it appear .

Have anyone heard of any institutional investors or funds complaining or sounding displeasure of the offer price ie months after the announcement ? I haven’t.
For retail investors, I don’t think there is enough objection to derail the privatization amid extremely poor market sentiment now .

Watch out what IJM will do with their 43% ((direct + indirect) interest in WCE highway and the 60% interest in the 1,800 acres Rimbayu development jointly owned with WCE holding Bhd.

In today's market which is lacking of buying interest is easy to corner a stock to achieve one's objective. Cornering a stock doesn't necessarily mean selling short .

Quite obvious someone is cornering this stock ?

Extremely poor market sentiment and low investors' confidence is the result of bad government.

Simply because Bursa is in ICU caused by the failed government.

CPO Sept spot $4,700/-. Higher ASP plus higher 3rd qtr production and yet plantation stock price is down . I can’t understand the Malaysian stock market dynamics anymore.

Market sentiment is damn poor !

Market sentiment is damn poor .

Stock prices mostly Red but CPO price in Green.

No need to be enthusiastic investing in something new while the existing core business and assets are still poorly managed .

Pay few cents more lah ..there are sellers at 151,152,153,

I suspect Bplant will take a stake in the venture to be announced later. This intention has been announced by the group CEO months ago . Let's keep an eye on this 'negative' development.

I doubt there is viable commercial venture in algae for biofuel. Why waste time and resources in something not proven viable ? I must say that Bplant's Management simply set the priority wrong! There are so much more to do to improve production effeciency as Bplant yield per ha and return per ha is one of the lowest in the industry.

SOP lower share price is simply because of the ‘kedekut’ management paying crumbs (dividend) despite good earnings.

Still very cheap based on prospective EPS of 16 sen for FY2021.

Maybe the seller is also the buyer ?

CPO Sept surged above $4,700. Good future prices into 2022!

CPO Sept surged above $4,700. Good future prices into 2022!

CPO Sept surged above $4,700. Good future prices into 2022!

CPO Sept surged above $4,700. Good future prices into 2022!

CPO Sept surged above $4,700. Good future prices into 2022!

CPO Sept surged above $4,700. Good future prices into 2022!

CPO Sept surged above $4,700. Good future prices into 2022!

@Goh123, there is just too few people willing to sell at prices seen in recent weeks .

It's quite obvious someone is 'managing ' the buy and sell orders to collect this stock . If you want to collect sizable stake you just got to pay much higher price lah.

Ya. Bplant will pay maximum dividend to support or ease the financial woes of the holding company !

I never trust the IB. Many of them are either don't know their job or with ulterior motive or with vested interest.

Maybank recommend sell and give TP 44 sen!
I am most happy to buy at this price if there is seller.

Privatisation on the card

MAA makes about $23 mil paper gain from Knm. I think MAA takes a short-term view on this investment to improve return for the idling cash .

Malaysia has put a cap on land for oil palm to 6 mil ha (5,87 mil ha used as at 2020). Indonesia has implemented a 3 years moratorium on new planting. There is great pressure on the Indonesian government to extend the moratorium indefinitely due to environmental reason .
Consequently, AVERAGE CPO price will stay much high in the future amid stagnant /lower supply and in face of global warming threatening production (of other oil crops too). Oil palm plantantion will fetch a lot more due to scarcity of land.
Existing plantantion companies which generates huge amount of free cashflow can only expand thru brownfield acquisition.
M&A activity and privatisation will heat up in this sector .

Malaysia has put a cap on land for oil palm to 6 mil ha (5,87 mil ha used as at 2020). Indonesia has implemented a 3 years moratorium on new planting. There is great pressure on the Indonesian government to extend the moratorium indefinitely due to environmental reason .
Consequently, AVERAGE CPO price will stay much high in the future amid stagnant /lower supply and in face of global warming threatening production (of other oil crops too). Oil palm plantantion will fetch a lot more due to scarcity of land.
Existing plantantion companies which generates huge amount of free cashflow can only expand thru brownfield acquisition.
M&A activity and privatisation will heat up in this sector .

Malaysia has put a cap on land for oil palm to 6 mil ha (5,87 mil ha used as at 2020). Indonesia has implemented a 3 years moratorium on new planting. There is great pressure on the Indonesian government to extend the moratorium indefinitely due to environmental reason .
Consequently, AVERAGE CPO price will stay much high in the future amid stagnant /lower supply and in face of global warming threatening production (of other oil crops too). Oil palm plantantion will fetch a lot more due to scarcity of land.
Existing plantantion companies which generates huge amount of free cashflow can only expand thru brownfield acquisition.
M&A activity and privatisation will heat up in this sector .

Fully agree with stockraider.
Malaysia has put a cap on land for oil palm to 6 mil ha (5,87 mil ha used as at 2020). Indonesia has implemented a 3 years moratorium on new planting. There is great pressure on the Indonesian government to extend the moratorium indefinitely due to environmental reason .
Consequently, AVERAGE CPO price will stay much high in the future amid stagnant /lower supply and in face of global warming threatening production (of other oil crops too). Oil palm plantantion will fetch a lot more due to scarcity of land.
Existing plantantion companies which generates huge amount of free cashflow can only expand thru brownfield acquisition.
M&A activity and privatisation will heat up in this sector .

Lembaga TH already owns 74% of Thplant. I think most minorities are prepared to accept offer at $1.00 to $1.20.

THplant's over $1 bil of borrowing are in the subsidiary's book . At company's level , there is zero borrowing. I think TH (the fund) or Thplant (the company) have the financial capability to undertake privatisation. It's really a matter of at what price .

Some asset monetize will take place soon and maximum amount of dividend will be paid to help solve the parent company's financial woes. When that happen , minority shareholders will benefit too.