FGV report plantation profit in Q2 2020 = RM 47m
FFB Production volume : 1.19 million MT
CPO price: RM 2309 MT


FGV report plantation profit in Q2 2019 = -RM 54m
FFB Production volume : 1.15 million MT
CPO price: RM 1955 MT


FGV report swing plantation profit from loss -RM 54m to profit +RM 47m, a massive swing of RM 101m, due to CPO price increase RM 354 MT and 0.04MT increase in FFB production


Therefore, based on FGV production FFB and CPO price in Q3, FGV should report improvement in CPO price RM 491 MT and higher FFB production by 13% to give total profit RM 158m, EPS 4.3sen

FFB Production volume in Q3 2020: 1.345 million MT
CPO price in Q3 2020: RM 2800 MT


The real boom Q result will be Q4, in which based on current trend of CPO price, it likely to average about RM 3200 MT, a further RM 400 MT increment will result EPS to 8sen

Expect tomorrow FGV Q result to report net profit RM 158m, EPS 4.3sen. These figure is based on proportion increment in CPO price in earlier Q2 2020 vs Q2 2019

FGV report plantation profit in Q2 2020 = RM 47m
FFB Production volume : 1.19 million MT
CPO price: RM 2309 MT


FGV report plantation profit in Q2 2019 = -RM 54m
FFB Production volume : 1.15 million MT
CPO price: RM 1955 MT


FGV report swing plantation profit from loss -RM 54m to profit +RM 47m, a massive swing of RM 101m, due to CPO price increase RM 354 MT and 0.04MT increase in FFB production


Therefore, based on FGV production FFB and CPO price in Q3, FGV should report improvement in CPO price RM 491 MT and higher FFB production by 13% to give total profit RM 158m, RPS 4.3sen
FFB Production volume in Q3 2020: 1.345 million MT
CPO price in Q3 2020: RM 2800 MT

Remark: The above figure exclude FGV mill utilization rate which is expect to improved substantially with higher FFB process, therefore, reduce further CPO production cost RM 1411 MT in Q2 2020,

Ready to take off ahead of Q result next week, Tuesday, 17 Nov 2020

Ready to take off ahead of Q result next week

Ready to take off, last call now

Use all balance margin to add more FGV at 1.15

Windfall tax 3% for palm oil prices exceeding RM2,500 per tonne in the Eas Msia and 1.5% for palm oil prices exceeding RM3,000 per tonne in Sabah and Sarawak. Boustead Planation location

1. 30% locate in East malaysia
2. 55% locate in Sabah
3. 15% locate in Sarawak

As of October 2020,28% of its FFB supply are sourced internally from our estates, while 72% are sourced externally.

Of this external supply, 63% is supplied directly from Felda settlers, 2% from independent smallholders, 4%from private estates, 2% from cooperative, and 28% is supplied through FFB traders in Malaysia.

https://www.thestar.com.my/business/business-news/2020/11/12/fgv-achieves-81-traceability-of-ffb-supply-chain

Remark: FGV have largest number of palm mill across Msia. It is important for CPO processing for almost all Felda settlers. Therefore, if Felda terminate LLA, aside compensation worth RM 3.5-4 billion, the multibillion take over palm mill offer from FGV is very important for Felda to meet settle CPO processing.

add margin to BP at 52.5sen

bought back BP at 51.5-52sen

bought back FGV at 1.17

Post removed.Why?

sold topglove at 8.51, locked profit first

use margin line, bought topglove at 8.20

bought back all supermax at 9.00

sold back FGV at 1.07-1.08, locked profit first

sold back BP at 51-51.5sen, lock profit first

sold back Jaks at 52sen, locked profit first

BP profit is the most sensitive to CPO price due to fact that BP is PURE upstream palm stock, CPO Q2 RM 2200, CPO Q3 RM 2800, CPO Q4 RM > 3000, a leap up EPS to be reported

If trump win, stock market up. Vietnam economy will boosts up further, as alternative supply chain for US

if trump win, stock market up

If trump win, corporate tax will further decrease, but if biden win, corporate tax will increase, no good for US stock market

However, if biden win, trade war against China may subside, which is good for global market and higher stimulus package is good for US economy

biden is leading now at 209 vs trump 112

CPO price hike

Laggard BP should follow soon

CPO price hike
Rubber price hike

FGV share price should follow up

before right share
1. power plant net profit RM 200m will EPS = 30sen
2. share price trading before right is around RM 1.20
3. PE 10x will give target price RM 3.00, upside potential 150%

after right share
1. power plant net profit RM 200m will give EPS = 11.5sen
2. share price trading now around 48sen
3. PE 10x will give target price RM 1.15, upside potential 140%

1. LLA termination, compensation range RM 3.5-4.2 billion, worth more than RM 1/share

2. Take over 68 palm mil, worth billion assets, if realize, monetize huge profit from disposal

3. Still 18 month grace period before any deal secure, in short term , FGV net profit will start rebound strongly, on uptrend EPS in accord to CPO price average Q2 RM 2200, Q3 RM 2800, Q4 >RM 3000

4. felda already secure RM 9.9 billion from gov guarantee loan, amy opt to direct take over FGV

5. FGV is only few palm oil company have dual source of commodity profit, CPO and rubber, both now at skyrocket price

越南海阳：正式进入336小时试运行

14 day, per-commercial operation, start generating electricity. More importantly, these 14 day generate electricity is payable, the maiden revenue and profit will be accounted

massive accumulation ahead of COD announcement

Oct is over, now is entering Nov, if no mistaken, in accord to agreement, Jaks first unit MUST commecial operation by end of Nov

add balance margin line to jaks at 44.5sen

add margin line to FGV at 1.04

bought FGV at 1.04

add more BP at 47sen

add more Jaks at 44.5sen, abort buying back OR, direct buyback jaks to save time

bought back jaks at 44.5sen

sold back fp at 97.5sen

sold back krono at 54.5-55sen

sold back jcy at 63.5sen

add all margin to jcy at 61.5sen

Accumulate back BPlantation at 45.5sen

bought back FPgroup at 94.5sen

bought back JCY at 60.5sen

bought krono at 51.5-52sen

Cut careplus at 3.10-3.11 due to Top Glove downgraded from A to D in social compliance audit

https://www.malaysiakini.com/news/549029

Cut supermax at 9.02-9.05 due to Top Glove downgraded from A to D in social compliance audit

https://www.malaysiakini.com/news/549029

add margin line to supermax, at 8.98

Bought back all supermax because world, especially US, a main supermax market, is in severe shortage of glove !!!!

https://klse.i3investor.com/blogs/sts/2020-11-01-story-h1535569245-Supermax_Depressed_PE_only_7_7X_Yet_the_World_Is_Crying_for_Gloves_Glov.jsp

bought careplus at 3.15

add more at 9.17