https://www.spglobal.com/commodity-insights/en/market-insights/latest-news/agriculture/030122-malaysian-palm-oil-orders-surge-as-buyers-cover-for-shortfall-in-ukraine-sunflower-oil

pang, move all ur holdings from jtiasa to here, sure tomorrow will move and close at mid 1.20s

By EOD, IDSS of 388.5k have to close its position

If worry, just put money in FD, less thn 500k is insured by PIDM,no worry, can sleep early

Hmmm?. At present yield, the impact to profit is exponential due to higher CPO price, literally every dollar increase in CPO, 92 sen goes to revenue and PBT (if export).

Dividend 10-12 sen for Q1 based on 60% payout ratio

https://www.bursamalaysia.com/market_information/derivatives_prices?code=FCPO&session=day

500k block at 116 removed, let?s see if the other 500k block at 117 removed too

Yday aftermarket FCPO price for Mar already 8.7k, its no longer 8.1k

Aftermarket closed
Mar FCPO 8,720 up 1,269 (17%)
Apr FCPO 7,835 up 1,063 (16%)
May FCPO 7,019 up 720 (11%)

Mar FCPO aftermarket at 8.5k! Up more thn 1k in a day!

Mar FCPO after hours at 8.4k!

U can’t see IDSS queue, can only see IDSS volume from ur web trade platform… today IDSS transacted is 181k only

Those high sales queue are mostly IDSS, to scare ppl off… once refreshed tomorrow it gets missing… then they queue again…

Am wondering, how many sell cue are IDSS?

LTAT sales is immaterial. Kindly note Bplant IDSS volume is increasing over the past few trading days.

https://www.businesstoday.in/amp/latest/economy/story/ukraine-crisis-380000-tonnes-of-sunflower-oil-shipments-to-india-stuck-at-ports-323912-2022-02-25

Russia SWIFT sanction, impact to crude oil and other commodities? Since Ukraine war broke out, many sunflow oil stuck at port…

Kindly note, CPO up coz a few reasons, not just war alone…

Wait until Biden wake up, US will respond

Niamah, 6969 like sth else only

Mar FCPO wanna touch 6.9k now

War is actually hav POSITVE impact to CPO ya

Crude oil, gas, sunflower…. Sorry…. Supply cut ya

https://edition.cnn.com/

Russia attacks Ukraine!!!

Guys, before u decide to take profit, kindly check FCPO ya… it’s up 200+ now

Mar FCPO 6.6k

Plantations all up

With labour shortage, it’s not no fruit to harvest. It’s not enough hands to harvest, and the fruits are left to rot…

https://www.independent.co.uk/news/world/europe/russia-ukraine-news-war-putin-invasion-b2021232.html?amp

Meanwhile in Ukraine, the major sunflower oil exporter

Interesting to see Dec 2022 futures already at 5k…

THPlant got biological assets write down…

Let’s dismantle 1.10 tomorrow

Mar FCPO- 6.43k, Apr FCPO- 6.17k

Agree with the above comments in regards to special dividend as elections is coming next yr… just observe bplant movement before the previous election…

Btw, any rally in crude oil will have impact to palm oil too as companies will look at ratio of palm oil in biodiesel…

Soy rallied yesterday…

Crude oil and soy have moved… let’s see CPO later

Technically, Russia have moved into Ukraine…

https://www.thestar.com.my/news/world/2022/02/22/putin-orders-russian-peacekeepers-to-eastern-ukraine039s-two-breakaway-regions

Hmmm… I will stop responding to those provocateur ya… it is a traditionally seasonal trend that Q1 is a low production Qtr for plantation company due to rain in the previous month and Feb is a short month. That is what drove price of CPO up. Period.

Bro Calvin, I know it’s just a brief outlook, thanks for coming out this outlook in just a few hours…and btw, wanna also point out the retained earnings of bplant is 1.3bil as opposed to jtiasa of 0.3bil, suggesting while bplant is generous in distributing dividend, it also reinvest a lot of its past gains, being from plantation business or land sales back into its business, by buying more plantation land… btw… Calvin, do keep up the good work by raising awareness on undervalued stocks…

Calvin, I do find your analysis very informative, that is why I read your analysis seriously… it would be better IF u consider the points above and fine tune it… Especially on the exclusion of seasonality impact of sales volume in jtiasa in Dec Qtr and higher tax charge for both companies in Dec Qtr before u annualise the EPS…

Calvin, regarding your article. Agree that bplant debt have yet to include the sales of Johor land. After include Johor land, both are more or less same in terms of net of debt and cash. But I think in your analysis, perhaps u could also mention on the land size comparison between both? And furthermore the potential surprises such as future land sales? Would also highlight that there are mismatch of production data delta % vs sales volume delta % (Dec Qtr vs Sep Qtr in page 11 of jtiasa announcement)… suggesting Dec Qtr is somehow includes sales of prior quarters production? And for bplant, the tax charge included some seasonality… Hence taking Dec Qtr x 4 to calculate PE might not be the most accurate? And also higher NTA per share for jtiasa as compared to bplant was due to bplant keep paying good dividend?

https://www.thestar.com.my/business/business-news/2022/02/21/boustead-plantations039-net-profit-surges-to-rm24129mil-in-fy21#cxrecs_s

Bplant is trending closely against the rest of the market announced to date of 12-20%. Now sales volume does not equals to production, it could also means Q2 production carried to be sold Q3, expecting Q3 price to be higher than Q2.

https://www.theedgemarkets.com/article/boustead-plantations-posts-record-high-revenue-rm11b-fy21

Mutts, enjoy ur vodka… p dehnah (cheers in Russian)