Aliyusof me too. Whatever LCTITAN dividends paid out the last 2 years cannot cover our capital losses. The slide started with their planned Indonesia expansion. Call it bad timing, big Capexp 18.6 billion ringgit amid economic uncertainties, US rate hikes that hit all countries, growing recession fear in LCTITAN key markets {China, South Korea, Indonesia & Germany} for polyolefins and polypropylene related products. The Covid outbreak further aggravated and delayed their factory completion date to 2025 /2026 and upping their building costs structure. Financing 18.6 billion is a real burden on any balanced sheet

Decent dividend yield. Interim payout 15 sen follow by final 25 sen

DNex result showed excellant result for FY 2022 ending 30th June. The group balanced sheet remains solid with cash of 1.02 billion. Total loans & borrowing's stood at 319 million. Operating cash flow from its trading activities at 643 million. Profit after tax at 707 million on the back of 1.44 billion revenue. Figs extracted from DNex financial submitted to Bursa dated 29August 2022. Great turn around from its early days after acquiring Silterra and Ping Petroleum { NOT a buy call. Please do your own research before you buy or sell}

Structural growth drivers & rising demand for semi conductor relating to adoption of silicon carbide {SIC} and gallium nitride {GaN}and not forgetting the favorable exchange { ringgit depreciation against the USD} boils well for specific sector. A word of caution is for ATE test equipment and OSAT may see a decline in sales & earnings. Do your research before you buy or sell

Good indicator, positive momentum & lies ahead for our home grown Dnex

Crude oil now at USD 91 per barrel. USD 4.65 @ ringgit. US & Taiwanese chip's makers robust sales. TSMC, ASE, Media Tek {Taiwanese} all recorded Y-O-Y profit growth

Not a buy call or sell call just my own personal take on their mega project during this uncertain and challenging period

The share price LCTITAN drop sharply maybe link to their mega project in Merak, Banten province. costing about USD 4 billion in Indonesia { LINE project } targeted to be completed in 2025/2026. This was approved and passed at the EGM held on Dec 16 2021. Key work packages was awarded to the Hyundai Engineering group and other related parties for the expansion on 7th Jan 2022. The USD has strengthen and appreciatd from 4.10 to 4.65 against the MYR ringgit. Investment cost value is now estimated at MYR 18.6 billion of the cracker plant production of ethylene and propylene. Interest cost will fly to the moon based on the 18.6 Billion project cost

Possibility of bad quarter result coming out. China on/ off lock down { zero covid policy} has affected industrial demand for polymer products and other related imports. August imports number down 15%. LC titan 3rd qtr { July-Sept } result may be hit

Announcement 24/8, XD 12/9, payment on 27/9. Interim dividend 2.75 sen

Coming next quarter result announcement in Oct. Hopefully operations & financial not hit by multiple rate hike and high usd

The additional production specialty expansion in the 200 mm foundry capacity takes time. Management guidance quoted { Tan Sri Syed Zainal } by early 2023. Annual production will increased from 8.3 million mask layers at end July 2021 to 10 million mask layers

DNex interim dividend. 0.0006 sen announcment in April'22. Financial year ending June. Possibility of final dividend for FY 22 announcement forthcoming

Yes. Mr John totally agreed with you.

Any TP or forward ratio needs to have certain criteria and clarity. Specific research on foreseeable market demand, production or pricing vs other competing oiks have to be meaningful. Not just any prices pluck from thin air at your own fancy . Earnings, foreseeable PE ratio, yield, cash flow or sector earnings and outlook have to be seriously studied before coming out with any targeted TP. Not to mention disposal or potential gain on special land sale. What's their book value vs current market value. Not a buy call but my own personal view. Not forgetting your own risk ratio vs risk reward factor. My own TP price for BPlant ? Well I don't have a magic crystal ball to tell you the price { BPlant in the coming 3 or 6 months} . BPlant is for long term

TP and forward earnings criteria is based on certain scenario and foreseeable trading enviroment & recommendation per see and not just pluck from thin air. With zero research, financial ratio analysis or background facts. Oil prices may or maynot see any significant market retracement despite on going concern on demand. Production is something Opec +has fine tune to their advantage. Most Oil players are sticking to their forecast of between USD 90 - 110 per barrel. Chips sector is more cyclical with TSMC, Nvidia and AMD announcement that the US chip acts of USD 56 billion announced by Biden is insufficient for any home grown US manufacturers to compete efficiently. Both Intel and TEXAS have outsourced their plant 's production for ages in overseas countries. It's take at least 2 or 3 years down the road to start a foundry plant coming from scratch. Silltera sits on a nice plateau as Malaysia is consider as a US friendly trading nation. Not to mention. DNEX Platform B2B used by our custom exercise dept is highly regulated and nor easily replicated. Just do your own research before you buy or invest in any stocks. Not a buy call just my own sector view

Larry Flink { fund manager} said for long term investor should buy and hold investment{s} that brings in regular income receipts and potential capital gains over longer period of time during this period of time. Unwise to focus on short term

Yes. Europe is facing a winter of discontent with high energy cost, possibility of severe winter, gas shortages, industrial production disruption. Last but not the least energy crisis that have impacted their grains production and yields. Spring plantings is below average, shipment of Ukraine grains thru the UN broker deal with Russia, Turkey and Ukraine is at snail pace. This is last year old stocks which was at the port warehouse prior to the February breakout of the military conflict and all the vessels was park and dock at the various seaports. What was not reported that freight insurance cover has sky rocketed and some of the cargoes was pest infested. Russia and Ukraine is the bread basket of Europe. This year crop plantings in Ukraine has and was badly impacted by the Russian invasion especially on the Eastern side. Russia practically now controls all the key sea points at the Black Sea. With the extreme heatwave hitting Europe { Germany, France and UK } the people are hit with high inflation rate. Food prices are trending higher and higher

LC titan 2nd qtr result ending 30Jun was a big disaster (-193 million losses before tax}. dividend pay out will be impacted if coming 3rd qtr again turn negative. Not a sell call but be cautious and do your own research

We are not Warren Buffet but only small retailers hardly have the financial muscle to have an impact on the market direction. Best for all readers to share whatever news related to only to DNex .

Europe is having an extreme heat wave impacting their yields, supply and production. Buyers will switch over to palm sooner rather than later. The 4 big grain producer{s} in Europe { Russia, Ukraine, France and Germany} is all facing multiple issues. Russia & Ukraine issues { bread basket} of Europe is well documented. Now France and Germany is facing a severe drought and heatwave. Weather is playing havoc to the so called expert`s analysis & agricultural forecast

Yup. Perception can be misleading. Look at CPO discount vs SBO premium . A staggering USD 400 per tonne discount { A historical high}

Dissapointed 2.75 sen pay out for BPlant second qtr interim dividend. Expect much higher rate

The spread between crude SBO and CPO has widened to USD 400 - 420 per tonne {a historical high} with CPO now trading at a steep discount vs SBO. Price sensitive countries eg. India, Pakistan, Bangladesh, China and other Middle East countries would be tempted to switch from SBO to CPO. Traditionally India and Pakistan sourced Crude palm oil from Indonesia and refined RBD from Malaysia.
The lifting of Indonesia export ban and the DMO exemption and the issuance of the so called "flush out" export permits in Indonesia has seen prices fallen more than 30% from thier June high. Producers would be tempted to withhold thier stock sales once thier inventory is less critical.
Marginal shipments of grain exports vessels { wheat } have shipped thru the Black Sea from Ukraine but the difficulties and risks of the ongoing conflict has not subside. Export{s} of sunflower oil is still stalled.
In addition, POGO spread between gasoil vs Biodiesel is positive between USD 40 - USD 45 per tonne { making it financially feasible without subsidies}
Nevertheless the key to commodities play is demand from China and India. China import has been curtailed because of the on- off lockdown.
Last but not the least "extreme weather play" drought and heat wave in US while Indonesia and Malaysia may get a earlier Monsoon call in September - October months { instead of Year end } not a buy call but just to counter the negatively issues. Please do your own research before you buy or sell

BNS was incorporated to take over the dockyard owned and managed by PSC { Penang shipbuilding corporation} owned by Amin Shah { once touted as Malaysian Onassis { the renowed Greek shipping tycoon}. Amin Shah took over the RMN mainteance dockyard} thru PSC { privatisation initiated by the Government of the day in the 90's} to built OPV vessel for the RMN. The OPV vessel was never delivered and LTAT took over the troubled PSC thru BHIC owned by Bstead and LTAT. No one was charged and Amin Shah was forced out of PSC. If we remember correctly prior to GE14. LTAT was involved with the takeover of the infamous AES traffic system at an astounding high price. Everything done is thru a Web of complexity and unseen hands

Poram meeting & dinner tonight. Planter's attending the dinner laments the severe shortage{s} of worker has hindered & impacted thier Estate's operations. Milling side is less impacted. Nevertheless supply side is constrained and unlike in the past when Indonesia CPO is imported freely in bulk. The replanting and limited new plantings has impacted the whole of the Kalimantan region. Peak production is likely muted between the months of Aug till Oct

LCTITAN price unstable and started trending lower and lower over the past few days. Chart wise critical support is pegged at 1.75-1.76.

Bplant used to paid dividend every Qtr until the sharp drop in CPO prices and the price slump in soft commodities. Not forgetting the write off { kitchen sinking exercise} that dragged down their financials and the acquisition of the 2 parcel of Sabah estate's land for $750million {11, 579 acres} and another parcel for 397 million {4915 Ha} in 2018. Steep fall in CPO prices during the year 2018/2019 have resulted in BPlant incurring losses and stopped their qtr dividend payment. The key point is the possibility of writing back the loss provision and the additional special dividend for the land sale. Just keeping my fingers cross and not a buy call. Just my own analysis and personal take

BPlant 1st qtr dividend distribution. 7.3 sen paid out. Coming 2qtr dividend { estimated at 5 sen} to be announced in August. This exclude additional special dividend an ouncement { sale of Kulai estate to Ytl power}. At 80-85sen BPlant is one of the very few high dividend yield counters. Not a buy call

better to invest in quality stocks. Avoid all this 2-3 speculative counters. From 14 sen drop to current 11 sen. Once break can trade below 10 sen. just my own view. risk vs reward ratio

using glove stocks vs BPlant as their comparison? Glove stocks was trading at between $5 - $6 before hitting their historical high of $9-$12. Bplant share price at around $0.75 - $0.85 before hitting the year high at betw $1.10-$1.25. Price wise, earning wise, IB targeted PE ratio all does not jell betw a glove stock vs Bplant

Tsh control by the tan family members. Kevin Tan is the chairman, Tan Aik Sim group MD and Tan Aik kiong group Ed, Lim Fook Hin Ed Ed is a long time associate of Kevin Tan. Appointed to the Board in 1997

MBS doesn't listen to Biden play tune to increase production or lower the oil price. In addition the US biofuel act {RFS} will increase the quantum of ethanol usage from 10% to 15%. Ironically the US beans is suffering from the extreme heat wave that hits the mid West region. If the heatwave persist beans yield will be hit. Ukraine wheat export and thier quantum & quality is at best subjective after sitting for a prolong period { 6-7months}. For EU instead of exporting corn it's look like they are now buying instead of exporting. US agriculture looks have more legs to run. Not a buy call for any counter. Just keep our finger cross and hopefully our own planter's stock will shared part of the loot

Inari is a supplier to Apple thru their Broadcom unit. Apple iphone 13 5G smartphone rollout and adoption was muted { partly due to US - China trade war} no thanks to Chinese anger & boycott of US products. Their RF testing, OLED and supplier of data centre component's constitute their core business. Not a sell call neither an expert but just be careful of analyst calls. We have seen how thier bullish made calls on O & G, tech stocks, plantations and of late banks turned out. Happy trading and do your own research

Yes. Malaysian semi conductor facing numerous headwinds. Local MNC {AMD, Intel, Infineon} have map out plan expansion to increase their production capacity. Inari operations are more on the backend of the business which is facing critical competition from Vietnam and even India. In addition we are suffering from a brain drain of skill engineers and technicians to our neighbours

Not only Bplant but the whole KL market is lack lustre.

Edge reported purported interest a MBO on Bstead Holdings. This may or can be a market diversion from BPlant. Looking at current Bstead share price at 83sen per share already surpassed BPlant share price at 77sen per share. It's make more sense to privatise Bplant vs Bstead Holdings. LTAT and Bstead combine shareholding already exceeded 68% of Bplant. Whereas Bstead Holdings holds or have an interest in Banks {Affin}, Naval Ship building & Defense contractor { BHIC}, Petroleum {BHP}, Properties, Leisure & Hospitality {Royal Chulan}, Industrial supplies {UAC} & not forgetting shopping malls ° they can or will encounter resistance & difficulties to privatise Bstead Holdings. LTAT is the armed forces retirement fund board

China MOF announcement of special consideration to allow local governments to sell up to 1.5 trillion yuan { USD 220 billion} in the second half of this year { an unprecedented acceleration of shoring up country economy}. This bond sale would be brought forward from next year quota. Commodity markets rallied on the news. Do not write off commodities in the second half after a stirring run in between May-June this year

Prior to the XBonus entitlement date on 15 July. Tendency for the counter to push higher

Yes. Apr-Jun result will be very good. Avr MPOB selling price for the qtr is around $6,409 per tonne vs $6,050 per tonne for 1st Qtr.

2 interim dividend FY 22 announcement in August next month

Announcement without any detailed work attachment{s} on actual contractual award, fundings, land acquistion, project scope and variable cost adjustment and most critical any EIA studies?

Yes. Please do not write off or discount off plantation stocks. The price of global jet fuel has nearly shoot thru the roof hitting major airlines profit, bottom line & their earnings { despite the sizeable improvement in recoveries and opening of the world economy} China has produced the world first biofuel jet fuel at their Sinopec plant using recycled cooking oil or called "gut oil" locally " palm oil is the world's most common & cheapest used cooking oil far out reach its other soft oil competitors { corn oil, rapeseed, sunflower, coconut or SBO} recycled bio jetfuel oil has an added advantage of cutting down half of carbon dioxide emission over its life circle. IAE agency estimated usage of jet biofuel will balloon up from current 0.1billion litres used to 2billion - 6billion litres in the coming next 3-4years. News from REUTERS

Securing estate workers from Indonesia is an arduous task and time consuming. Migrant workers either at Lombok and Pekan Baru prefer to work at bigger owned estates {and not the smaller ones} Pitching in and securing their working visas { both Indonesia and Malaysia} are time consuming. In essence only the agencies have the so called contact and network to secure the permits. Oh! money is paid {partly} upfront without knowing their actual arrival dates. My contractor have promised the workers to come in Dec last year { until now not a single worker's has arrived}

Shipping out is not so straight forward. You need to secure the export permit either thru Trade ministry DMO obligation or paid an additional export tax fee of USD $200 per tonne. Logistics and limited vessels { edible oil carriers schedule} and not forgetting the pandemic disruptions all add up to pile up at the port. the CPO export ban which Indonesia imposed ar end April further worsened the situation. Believed it or not the Labour shortage is equally bad in Indonesia { especially at the oil palm areas located in and around Kalimantan}

Plantation sector is resilent and certainly a safer bet vs current market volatilely. Earnings are here to stay despite market dropping from their multi year high. From $6,300+ to current market price of between $5,000 + is OK. Remember the windfall tax for CPO is pegged at $3,000 per tonne { anything higher at $4,000 per tonne is termed at super profit}

Sarawak Estate is a joint venture betw Pelita and Bstead. Kanowit is a big estate but only draw back is the high planting cost {peat soil} whether is a good deal really relies & depends on the pricing. Initial entry price is very low vs current Cpo valuation. Need to wait for more details

Without disrespect to any sifu. Berkshire is a unique investment holding company with Warren Buffet at the helm { acting more like a hedge fund} with his peculiar style of investment. And not taking any fee or charges or neither giving any share splits and dividends. This is peculiar and only applicable to the US market . No share splits No dividends No private placements. Hardly can applies elsewhere. Imagine if Public Bank listed in 1967 not giving dividend or any share splits just reinvesting in the holding company. What is the price now? But equally important is our market players accept such an unique arrangement. I don't have an answer??? Just my personal own viewpoint

Rate of dividend payment to the minorities of the company is critical in any investnment decision. Not only applies to retail player equally to investment funds { eg. Mutual funds, unit trust, insurance companies }

INDONESIA palm exporters have too bear and incur many extra levys or extra charges to meet the new domestic regulations introduced.
Apart from the DMO requirements. The palm exporters have to bear the export tax & levy of USD 575 per tonne fee { which the Trade Minister has announced to be reduced to USD 488 per tonne} But the Trade Minister {Muhammad Lufti} did not specify when the new fees will be imposed.
Another update is that companies are allowed to export up to 5 times the amount { quantity } vs what they have sold locally
Sounds burdensome and yet inaddition Indonesia palm companies still have to bear the consequences of old contracts which they have not shipped or fulfilled when the ban was imposed in April 28