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

Without disrespect to any parties. The whole local market sentiment is drag down by the recent FED rate hikes, China lock down plus other external factors. Not only Bplant but all others counters was hit by the recent bad sentiment and price retracement. The index was pulled down from 1602 {1/4} to today low at 1493 {10/6} A loss of 109 points {6.8%} DJ , S&P, HKSE, STI was not spared either. Unless you have a magic crystal ball. Everybody is also hit unless you are not in the market entirely

Just wait for TG coming qtr result announcement. Either break or top up relies on how TG perform. Most important is how EPF continue thier portfolio rebalancing. Is EPF going to further reduce their rubber glove exposure. EPF has been aggressive in reducing their stake in all the glove holdings

Bplant should consolidate after yesterday XD {8/6} date. At 98 sen not much margin for the flippers to pocket the 7.3sen dividend and sell the unit share. Just my own view

Looking at the chart. TG looks weak but instead of all gloom and doom. I suspect the technical support is pegged at 1.00+. Just my own view

Have to wait for the dividend pending the next qtr result announcement. Indonesia export levy & tax is top heavy for their companies to compete in the open market. Bad for Malaysia owned companies operating there. Currently the Indonesia tax is at USD 375 +200 =USD575 per tonne making Malaysian based palm a bargain vs SBO price premium of USD250 per tonne in Rotterdam. Coming peak Summer months will drive up oil prices. Coming winter months in Europe will hike up gas prices { if the Ukraine Conflict is prolong} just sharing my own thoughts

Recent dividend announcement
Bplant. 7.3 sen, Innoprise 6.0 sen, KM loong 5.0 sen, HSPlant 0 sen, Genplant 4.0 sen, SOP 6.0 sen, just a snapshot on the plantation. Look at their prices and yield. Not a buy call just my own view.

Common for physical traders to buy and sell 2-3 months CPO forward delivery position. Trades reported to MPOB on 1st June {yesterday} cover June delivery and July delivery month. All cpo trades are required by law for registration with the MPOB board.

Same goes for Indonesia. Gapki is the Indonesia Board similar to our MPOB board. According to news report Indonesia has issued permits to 18 companies for the export of RBD palm oil {88,000 tonnes} and palm olein {90,000 tonnes} . But none for crude palm oil shipment. Shipment & vessel dates normally differs and varies between Europe { Rotterdam} and India Sub Continent port of calls. Currently port congestion, tight shipment schedule and limited vessel calling is a norm.

In year 2008-2009 the highest CPO price achieved was at MYR $4,150 per tonne. Anything above $4,000 per tonne is deem as super or superb abnormal profit level for the planter's. Now we can understand why a few listed companies was completely taken surprised by the bullish of the market { to lock in all their forward sales against their production } certainly not BPlant or HSP. The average traded price for May CPO is at $ 6,873 per tonne {highest for the past 5 months}
Jan. $ 5,354 Feb $5,930 Mar. $ 6,867 Apr $6,249

Yesterday physical CPO was reported and trade between a high of $6,700 and a low of 6,560 per tonne for June and July deliveries

Top glove & Inari have both slip off from the top 30 { MSCI constituents list of companies.}Speculation & rumour that West port, HAP SENG or KLCC might be the new MSCI constituents replacement stock. One of their key criteria is the minimum free float eligibility of 15%, between the existing and non constituent { HAP SENG fail on that score} Tomorrow we will know their fate

Wasted 1 billion ringgit supporting SBB. If? Used SBB $$$ paid to for minorities so much better.. Tan Sri Lim judgement error

Uncle KYY part of your news article is not accurate. Yes some of the west Malaysia based plantation companies may report lower FFB production figures in their 1st Qtr. But please do take note. Sabah planter's production may be higher vs their peers in Peninsular or Sarawak. Earnings growth for all the planter's will be higher. Due to strong CPO & Kernel average traded prices. The last 5 days we have seen all the planters have reported higher profit { not less profit} in their statutory corporate announcement

Sime marketing have a policy to lock in 50% of thier estimate production between 3 - 6mths whenever the CPO price exceed 3,000 +. This transfer pricing policy is betw Sime estates and their downstream refinery operations

Back to back calculation BPlant revenue for the 4qtr result {Oct, Nov, Dec} reported at 1,050 billion. Nett Profit attributed to SH at $241 Million. Coming 1Qtr result {Jan, Feb, Mar} estimated revenue at $1.45 Billion and Nett profit attributed to SH at $ 620 - 630 Million. Just an estimate guess calculated based on higher CPO average traded price of $6,000 per tonne { Jan, Feb & Mar}. Not a buy call. just my own guess estimate for BPlant coming qtr announcement. Please do your own research before investing

Indonesia { Jokowi } said he might reconsider lifting the partial ban on palm products if the domestic price of cooking oil falls back to 14,000 rupiah for the 1 litre subsidised pack of oil { they call it base price}. The investigation on Musim Mas, Wilmar, Golden Agri, PT Salim, Permata Hijau on irregularities and withholding of oil initiated the ban which was supported by the people { not the congolemerates } the price of cooking oil has eased from the high of 42,000 rupiah to 18,000 to 23,000 rupiah for the 1 litre cooking oil pack { depends which part & areas of Indonesia} in Jakarta gradually the crowds have eased but outlying areas still faced logistics and access to the supply. We must remember Jokowi comes from Java he isn't exactly a ally of the congolemerate{s} which is itself legacy of the past regimes. Jokomi compounded their licence { suspect of falsifying the company export permits} and the AG was instructed to charge a senior Director of the export Ministry and several high profile individuals link to the congolemerate{s}. The companies have denied and filed their defence against the misused of the permits and failing to fulfill the then DMO quota. By filing their defence and not seeking a compound. Indirectly prolonging the saga. Bear in mind the companies are indirectly link in public listed Singapore which the Finance Minister {Sri Mulyani Indrawati} is a trusted ally of Jokowi question why the companies need to be listed elsewhere} In addition a Singapore based palm analyst claims Jokowi need to lift the ban in May { which is indirectly or effectively disputing Jokowi stand} After the G20 meeting { Jokowi is holding the chair} never touch on the issue. I suspect the ban may prolong longer than anticipated. Just my 2*rupiah worth

Buy what you know, buy what you have., buy within your means. Never overtrade, never borrow, always trade within your means. Not a sifu nor a stock guru. Just my own idea. Have a productive day and BPlant jadi Bank planting $$$

Singapore listed Indonesian planter First Resources posted a net profit of US$73.6 million for its first quarter ending Mar 31 22 jumping 738% up from the US$8.8 million it recorded a year earlier. Looks like a lot of plantation companies will report steering result & exceptional growth in profit. Keeping finger cross for BPlant coming qtr result announcement & dividend payment

LTAT target 5% dividend rate for 2022. LTAT largest core investment is in the Boustead group of listed companies. Ahmad Nizam {CEO} said LTAT main focus is to improved & stablished their Financial performance. The fund {LTAT} 50th anniversary falls on Aug 1

Ask why Bill Gates? { reason why he invested heavily in agricultural land banks in the past 2 years} news of him shorting Tesla shares are circulating in the US market. Everybody have thier own peculiar investing ideas

Cepat owned and operates around 28,000 acres of palm located in Sabah principally centre in Sandakan, Kinabatangan and eastern part of Beluaran split into 9 small estates. Quite small vs BPlant planted acreage of 98,900 Ha { 245,000 acres } located in Peninsular Malaysia , Sabah and Sarawak.

shipment of palm export up +40% from Malaysia ports {1-10 days in May vs April } from cargo vessel surveyor Intertek {ITS}. All vessel ship weights are required to be tested in bulk by licensed cargo surveyor.

Latest export figs showed Malaysia palm oil shipment jump +40% { 1-10 days in May} vs April shipments { M-o-M} .

Europe cannot find any substantial alternative supplier to replace principal Russian oil & gas supplies. It takes times for the pipelines infrastructure need to be install & reconfigururate. The current gas line betw Germany & Russia took almost 4 years at fthe inance cost was undertsken by Germany

Oil prices will surge once China ease their lockdown and changed their zero covid policy. China is one of the world's biggest energy user and commodity buyer.

At that point of time writing CPO price was at MYR 4,200 per tonne { when the analyst make the calls} vs current prices of betw MYR 7,200 - 7,500 per tonne

BPlant is really undervalue and trading at a discount vs their peers. Look at First Resources prices started at SGD 1.75 in early March and slowly inched up to current SGD 2.28. Their FY 2HF result last year recorded a profit SGD 178 million. Yet analyst{s} covering the Singapore sector is still very conservative. They have a buy on Wilmar and a hold on Bumitama, First Resources, Golden Resources. Bplant is still stuck at the same price range betw 1.13 to 1.25

A convergence of multiple forces pushing up world's supply of grains and edible oil prices. Palm oil was unexpectedly hike up by the surprised Indonesia ban on their exports. The adverse drought on Brazil soy crops is damaging. Brazil is the world largest exporter and producer of soy beans. Not forgetting Argentina in March has earlier halted thier own exports. Ukraine the food basket of Europe has taken a big hit with the Russia war on their Eastern front. Wheat and Sunflower crops will be badly disrupted. China, India, European countries all are facing multiple food supply restocking issue. US, Europe is having a tough times balancing their need between high food prices and high energy prices { using ethanol biofuel as an alternate fuel } Food inflation is here to stay. High cooking oil is here to stay

Calculate risk vs rewards. Use the time tested formula what's the upside potential of the counter and the rate increase going forward vs the downward bias. New KWSP CEO {Amir Hamzah} needs to show his mettle and ride on the trend

Certain congolemerates are accused by the Indonesia! Authorities and under investigation for hoarding cooking oil and misusing the export permits. Not the upstream planters who sells the crude palm oil to the integrated downstream players. Typically an individual oil mill has a storage tank's space capacity of between 80 - 90 days of the Mill's daily production { excluding external tank space at the ports or warehouse} Giants congolemerates like the Salim group and Astra and their distribution arm has denied the accusation.

Certain companies are accused of misusing and falsifying their export quotas and permits. Wilmar group, Musim Mas and Permata Hijau group all have denied the allegations

Most of the local plantation writers & analysis covering the sector are key board writers repeating past statistical models. You can see all this people{s} attending palm oil conference on the side lines asking planter's tips and waiting for experienced overseas speakers giving their views on our palm oil outlook. Thomas Mielke, James Fry, Dorab Mistry are some of the more prominent overseas based speaker's which our analysts looked in awe for their views. USDA agricultural report is a respectable & comprehensive report and analysis on current weather, planting trends, expected yields and demand & consumption. Overseas based analyst on soft commodities have already revised upwards their price projection of CPO to between 6,000 {FH 22} and 5,000 {LH 22}. Citing SBO premium of USD 200 per tonne over palm oil { meaning CPO is cheapest available alternative} Yet our local analyst is still netrual on the palm oil sector. I guess they have missed out the palm oil rally and continue sit it out again. PIVB is overweight and their price forecast is at $4.300. Cimb is netrual on the sector and their price forecast is at 4,100. Look at how the 2 differ in their recommendations. First one overweight at $4,300.Second one neutral at 4,100. First 4 mths { Jan - Apr} average recorded CPO
Jan 5,354 per tonne
Feb 5,930 per tonne
Mar 6,867per tonne
Apr 6,900 per tonne

Hypothetically IOI have the means, recourses and financial means to acquire BPlant. IOI have disposed of their stalk in Bunge and have the war chest for any new acquisition. We must remember Glic link funds { eg EPF, PNB, KWAP, TabHaji } hold substantial stake in IOI Corp. Epf {12%},PNB {8%},KWAP {3%} and others {2%} Foreign registered shareholder's hold around {10%} Local funds holds another {5%}. Lee family interest another 50%.

Those IDSS sellers who short BP in the morning needs to cover back their position before 430. Intra day contra

We won't know how the funds trade. But hypothetically what will happens if LTAT later turn buyer before BPlant declared a special dividend plus interim dividend paid out after the Hari Raya break? Boustead holdings hold 57 % & LTAT holds another 12% of Bplant

Price up or high/low from a bar chart, technical or statistics is a very intristic case. SBO year low { Year 2020} fell to 25 cents per IB and close the year at 42 cents per IB. Slowly ascending to the next gap or uptrend at 55 - 70 cents { 2021} SBO is now trading at betw 70 cents to a high of 84 cents recently. CPO fell to a new low of MYR 1,800 per tonne { in 2018 commodity slump} before slowly inching up to 2,800 per tonne. Later climbing back 3,500 - 3,800 price mark when soft oils & other commodity prices gap up. CPO is not a price marker but follows the trend of other soft oils. Of late CPO price has sustain its uptrend online with prices trading between MYR 5,500 - 6,500 and hit a high of 8,000 per tonne following the Ukraine crisis. We are not alone. Look at Mineral oil from a low of USD 20 per barrel. Brent crude oil has rocket up to a year high of USD 135 per barrel. Now holding at betw USD 105-110 mark. Jim Rodgers said nobody can predict the future. But in commodities trade there is no high or low. only how high the price can gap up or down

Sri Mulyani Indonesia Finance Minister at IMF G20 meeting said the ban on export's is necessary. The ban will hurt other countries. Read her words carefully. Indonesia since 2018 has stopped issued new permits for oil palm plantings {Indonesia has limited abilities to increase palm oil production} we are often blamed for deforestation & destroying natural habitats of endangered animals such as orang utans} often portrayed by the Western NGO

Plantations { CPO } was our country key industry & mainstay in Malaysia when the 97-98 Asian Financial crisis hit our shores. It was a valuable history lesson where most industries e.g. electronics, banks, manufacturing all badly hit. The windfall tax was introduced during this time and the word `golden crop`was conined for oil palm

SBO hit a new record high of 83.21 cents per IB in the US after Jokowi news announcement. Adverse drought has hit the prime growing areas in Argentina, Brazil and Canada respectively. Argentina in March has briefly stopped their soy export sales before upping the tax rate to 33% from 30%. US Biofuel producers are ramping up thier production to cater the upsurge in demand for the peak summer travel season. Veg oils are now in a very very tight spot with no other large alternatives supplies in sight. Please do your own research {Not a buy call} but food inflation is here to stay

UP oil palm estates are located around Teluk Intan app 37,800 hectares with an integrated rail system linking their estates and Oil Mills. The fruits are harvested and deliver to the Mills efficiently. Their rail system is unique due to geographical nature of the planted areas. Higher extraction rates are achieved using this particular mode of transportation. Their rail model is special and very unique. A good learning experience to visit their estates

Do your homework & try not to over speculate beyond your means. Warren Buffet said invest in what you know and what you have

GLNT my apology. SWK plant trading at betw $3.15-3.30 in Feb - Mar 2022

The CPO price discount is now much higher. Higher freight & ship transport cost will worsened the gap between SBO vs palm oil. In Rotterdam. SBO is offer around USD 2.000 per tonne vs 1,700 Malaysia CPO

HS plantation is one of the biggest oil palm grower in Sabah. Total oil palm planted areages app 35,435 hectares {87,560 acres} out of total land bank area measuring app 39,727 hectares. The estates and factories are not fragmented or located in different regions unlike most others planters. The close proximity and geographical of their Mils and estates gave HSP an added advantage on cost savings. In fact HSP is one of the biggest supplier of sustainable certified palm producer. Figs are extracted from the Annual Report

Sunflower is a spring crop { planted between April - May} where the most ideal or optimum window period for the farmers to work the fields. Eastern part of Ukraine produces about 52%-55% of their sunflower yearly production { near access to the Blacksea Ports} With the war & ongoing military attrition at the Eastern Front Region { where the Russian presence are focusing on the Eastern side and the Blacksea ports} Hard for the farmers to get access to the fields. Not to mention scarcity of diesel fuel needed to run the machinery and tractors. Disruption in manpower, supply of seeds and access to the ports are all at risks. Just to share my 2 sen worth

Indirectly giving Malaysian companies an edge in the exports market { sales of palm related products }

Indonesia CPO export's may be impacted & lower in the coming days following irregularities on export permits. President Jokowi announced special investigation by AG on allegations on Wilmar, Muslim Mas and Permata Hijau { Indonesia biggest palm conglomerate} on their export permit licensing