Results is much better than I expected. A loss of 1.2 sen is nothing while interest expense already kick in for the completed section and while the country is on MCO for the whole qtr .

KLSE is dysfunction

Sales of insurance unit is completing within months. Complete disposal of insurance unit rake in a total of over $700 million which work out to be about $1 per share . Can expect huge dividend payout without BNM restriction.

It is so easy to implement social distancing in the plantation field. I don’t see why plantations can not operate as usual .

Just imagine if they payout 50% as dividend, it will be 12sen. Less the 3 sen interim already paid in October last year , second interim/final will be 9 sen.

There is no tide . We are in the dead sea. Hahaha

Good stocks won’t thrive in a dying Malaysian stock market.

Good QR with good dividend will make a difference.
Good QR alone will not make any difference in a dying Malaysian stock market.

I guess it wil be muted response like Swkpltn, TaAnn, and many other counters that reported god results. The Malaysian market is simply dysfunctional like the government.

TedTock, foreigners keep selling down non-stop for years . Local institutios are dry . Substantiall proportion of retail investors are taking gambling approach. Where does the future of Malaysian mkt lies ? I wonder .

No hope for the dying Malaysian stock market. I am shifting to other market and other asset classes.

3x more profit also means nothing.
Malaysian stock market is dying ...no more future. Better shift my money to other market and other asset class .

3x more profit only warrant 3 sen share price increase!
Malaysian stock market is dying ...no more future. Better shift my money to other market and other asset class .

What opportunity in a dead market ?

Despite very good results its share price remain flat . That show Malaysian market is dead.

Not bad at all in the low production season Q1.

Robust profit will show up in Q2 2021

IJM May divest totally it’s share In ijmpltn. Credit Suisse value ijmpltn $3.98 per share .

OLH and parties align to him may have already controlled over 70% . No one can shake him. He will keep osk share price low for a prolonged period of time to frustrate minorities.

Almost all CPO revenue of TSH is in Indonesia and hit by the higher tax structure and forex losses,
TaaAnn plantations are al in Malaysia and realizable CPO price can be $800-900 pmt higher.
So, they are different.
TaAnn will also enjoy the benefiof strong results from swkpltn.

Good dividend may follow the q4 results

Ijmpltn has about half of revenue from Malaysia and shall benefit from high CPO price . Indonesian portion will be better than last qtr too though not as much compare to Malaysia portion. Overall should be higher .

It’s one of the highest dividend payout company.

Swkpltn 1q make 8.5 sen pay 5 sen dividend
Share price $2.42.
Simepltn 1 q make 8.2 sen , pay 0 dividend.
Share price $4.45.
Clearly swkplant is a better buy .

Swkpltn 1q make 8.5 sen pay 5 sen dividend
Share price $2.42.
Simepltn 1 q make 8.2 sen , pay 0 dividend.
Share price $4.45.
Clearly swkplant is a better buy .

During MCO1, plantations operated as usual.
I don’t see any difference now. It is a very very important economic sector for the country

What Buysell88 posted a few days ago about forward sales is somewhat correct . Simepltn 1q results . EPS 8.2 sen vs 5.7 sen yoy. Realized CPO ASP for Malaysia is $3,028 , Indonesia $$2,886 and Png $3,890. MPOB’s ASP for 1st q is $3,895. You can see the Malaysia and Indonesia ASP rather low due to forward sales .

Key point from AGM yesterday:
1. Ongoing insurance unit divestment:. Remain a few issues to close the gap with Generali. ( I guess relating to final pricing)
2. After completion of the divestment, the priority is to pay dividend to shareholders . ( No mention of quantum,. Shareholders should demand full payout from the proceed which may be $800+ mil based on completie disposal of insurance unit)
3. Business Direction :. Nothing as usual apart from maintaining small business in the hospitality and JV property project. CEO emphasize low capital investment

Almost all IB stay neutral and the analysts stressed that current high level of Cpo cannot sustain and will correct down when supply increase later. They don't have to overly emphasize this . This is common knowledge for anyone and the historical data easily available can be referred to by anyone . What professional or 'expert' view they are offering?
I think it is more important to look at the annual ASP (average selling price) for next few years to make investment advise. Even if ASP for 2021 is $3,500 , plantation will make very healthy increase in earning and hence higher dividend .
CPO 's ASP for 2009 to 2020 are estimated as below ;
2009. $2,400
2010. $2,800
2011. $3,350
2012. $2,900
2013. $2,400
2014. $2,350
2015. $2,150
2016. $ 2,700
2017. $2,800
2018. $2150
2019. $2,250
2020. $2,750
Anyone can go to look up for share prices and dividend payout of the private plantation company from 2009 to 2020 and try to relate the data. You will see today's share price is even lower than when ASP of CPO was $2,300-2,400 !
When CPO has achieved over $4,000 for 1st 5 months of 2021 and will lead to much higher ASP for the year , the sector doesn't deserve upgrade by the IB ? ?
I wonder why .

@Kinuxin,. We don't need the analysts to overly emphasize that current high level of Cpo cannot sustain and will correct down when supply increase later. This is common knowledge for anyone and the historical data easily available can be referred to by anyone . What professional or 'expert' view they are offering?
I think it is more important is to look at the annual ASP (average selling price) for next few years to make investment advise. Even if ASP for 2021 is $3,500 , plantation will make very healthy increase in earning and hence higher dividend .
CPO 's ASP for 2009 to 2020 are estimated as below ;
2009. $2,400
2010. $2,800
2011. $3,350
2012. $2,900
2013. $2,400
2014. $2,350
2015. $2,150
2016. $ 2,700
2017. $2,800
2018. $2150
2019. $2,250
2020. $2,750
Anyone can go to look up for share prices and dividend payout of the private plantation company from 2009 to 2020 and try to relate the data. You will see today's share price is even lower than when ASP of CPO was $2,300-2,400 !
When CPO has achieved over $4,000 for 1st 5 months of 2021 and will lead to much higher ASP for the year , the sector doesn't deserve upgrade by the IB ? ?
I have nothing more to say .

When CPO at $2,700 neutral stand , CPO $3,000 , $3,500, $4,000, $4,500 remain neutral stand all the way!
What logic they apply ?

Buysell88, thanks. The leadership ought to be sacked if they did that .

@Buysell888, I am not sure what you said is correct . CPO at FY 2020 closing was about $3,800 spot. From Jan 2021 to present , CPO price progressively went higher to reach $4,750 yesterday. When was the sales for the 70% of 2021 crop done ?
If the transaction was in 2020, the price differential between forward contract and spot closing price at year end would have be accounted for in 2020 financial account. The forward sales , if any, done in 2021 can not be well below $3,000 as you mentioned . CPO prices in 2021 never even went below $3,000.
It is also very Usual for any company to commit forward sales by such high proportion and for so far forward.

Dickyme, don't eat anything as cooking oil here is Palm oil . Don't bath because soap, detergent etc contain Palm oil .

Simepltn produce about 2mil mt of CPO from it's own plantations. Every $100 increase in CPO means about $200 mil more pre-tax profit . If Average CPO for 2021 is $1,000 higher than FY 2020, pre-tax profit may be about $2 billion higher . All based on safe assumption that there is no significant increase in cost of production.
Average price realized in FY 2020 was $2,532 .
It is not too unreasonable to assume average price achievable in FY 2021 of $3,500 and higher.

CPO current month physical price is $4,800. The Dec 21 delivery traded at the derivative market is &3,900. How the hell the analysts still think average CPO price for 2021 remain $2,800 -$2,900 ? They are in denial mode !

@DickyMe, oil Palm crop is the most efficient oil.crop producing many times more oil per acre of land than soya , corn, sunflower and other oil crops. Oil palms economic life is 25 years which means it green the environment and taking up CO2 uninterrupted in it's 26 years of economic life . Whereas , other oil crops are very short terms of few months and the ground is left bare after harvesting until next season . Don't fall victim so easily o the western propaganda.

CPO current physical price is $4,800 (May) . Dec 21 delivery per current trade in the derivative market is $3,900. How the hell the analysts expect CPO for May to Dec to trade at $2,361 to give rise to their full year price of $2,900? Unbelievable!

The analysts are simply in denial mode and lack of professionalism! The SBo premium is growing wider against Palm oil . That means Palm oil remain very competitive at today's level. Unless the analysts expect soya to plunge , Cpo well above $4,000 is sustainable for this year and perhaps even next 2 years . Are the analysts missing this point totally?

Product selling price is under quite some pressure recently. 2nd Q results may be just very flat. I guess stock is adjusting to this market development.

Welcome back to support this stock.

MCO good for insurance company . Earn same premium but claim is largely reduced. Hence better profit.

Sentiment for the stock is affected by MCO

FY 21 earning can easily surpass 20 sen per share . If 100% payout is practice, we can expect 20 sen dividend.

The company is very generous to pay dividend. For FY 2020 payout 100%.

Surveyor ITS revealed that export volume for May 1-10 is 30% higher than same period of last month. Export demand remain very strong

Surveyor ITS revealed that export volume for May 1-10 is 30% higher than same period last month. Export demand remain very strong

Surveyor ITS had just reported that export volume for May 1-10 is 30% higher than same period last month. Export demand remain very strong

Surveyor ITS hg as justed reported that export volume for May 1-10 is 30% higher than same period last month. Export demand remain very strong

Surveyor ITS revealed that May 1-10 export is 30% higher than same period last month. That show export demand remain very strong .