UNITED PLANTATIONS BHD

KLSE (MYR): UTDPLT (2089)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

15.80

Today's Change

+0.02 (0.13%)

Day's Change

15.74 - 15.84

Trading Volume

225,300


4 people like this.

1,738 comment(s). Last comment by ooihk899 4 days ago

Pinky

2,662 posts

Posted by Pinky > 2022-11-07 17:25 | Report Abuse

Woohoo results not bad!

Pinky

2,662 posts

Posted by Pinky > 2022-11-07 17:36 | Report Abuse

"With the significant uncertainties relating to the global economic outlook only worsened by the consequences of the Russia-Ukraine War and the labour shortages in Malaysia, it is difficult to predict the results for 2022. However, based on the current palm oil prices and the company’s ability to minimize significant crop losses so far in spite of the acute labour shortages, the Board of Directors expect that the results for the year will be satisfactory and better than in 2021."

DestinyL

4,065 posts

Posted by DestinyL > 2022-11-07 17:52 | Report Abuse

So divvy should be 40 sen?

DestinyL

4,065 posts

Posted by DestinyL > 2022-11-07 17:53 | Report Abuse

Oh, I just read the divvy announcement. Muuuuaaaaks

1LegKick

30 posts

Posted by 1LegKick > 2022-11-07 18:01 | Report Abuse

Nice....as expected RM0.40... shopping time

Pinky

2,662 posts

Posted by Pinky > 2022-11-07 18:05 | Report Abuse

Consistently paying annual dividends above EPF returns, apa lagi u mau??? XD

Best palm oil counter u can buy and hold.

dam82

2,027 posts

Posted by dam82 > 2022-11-07 18:32 | Report Abuse

Holiday mari now prepared to sapu after ex divident for next year lor ..

ooihk899

1,634 posts

Posted by ooihk899 > 2022-11-07 18:34 | Report Abuse

QR highest ever at 197m. I think this year NP should surpass 600M. Hopefully full year dividend will be at least 1.9

joerakmo

721 posts

Posted by joerakmo > 2022-11-07 19:29 | Report Abuse

Good result but I suspect could be better!! FYE22 EPS maybe Rm1.60-1.70
UP did not pay Div at half year but pay now @ 3Q. and for the 1st time very short waiting period to ex date.

DestinyL

4,065 posts

Posted by DestinyL > 2022-11-07 21:17 | Report Abuse

Divvy 1.9 not so likely lah
Perhaps RM0.40 + RM1.05 is possible, around RM1.45, which will translate to 10% yield at current price

Posted by Fabien _the efficient capital allocator > 2022-11-07 21:35 | Report Abuse

40sen dividend. appetizer before the main course

dam82

2,027 posts

Posted by dam82 > 2022-11-07 21:48 | Report Abuse

yes waiting to collect more for the main course ...if they can sustain these profit at this level despite higher expenses right from labour , fertilizer , runtuh tax ... wait for the t tanah rata contribution in future ... long term propect is intact ...

Posted by LohMeinMang > 2022-11-07 22:03 | Report Abuse

You should also look at comprehensive income lah, 400m in this quarter. Look at cash-flow statement, 800m of operating earnings these 9 months. Add one more quarter and its around 1 billion. Its over 2.3rm per share!

They have increased profit to 400m because of hedges reversing. Lots of money not bound to hedges anymore. Makes dividend of 1.9 very achievable. Earnings also hedged for 2023 ensure high dividend also. This quarter alone, comprehensive income was higher than whole profit for 2020, 2019, 2018 or 2017... in one quarter!

Usually UP makes special dividends, but now raised to 40 sen as ordinary dividend because they must believe new higher dividend is sustainable.


Hopefully stock price not up more than 16 tomorrow, otherwise very easy buy.

Disclosure: Long UP

DestinyL

4,065 posts

Posted by DestinyL > 2022-11-07 23:21 | Report Abuse

Huh? 9 months PBT is only around 620m+
Q1 at 76m dragged
Rolling 4Q PBT is 842m, next Q should be slightly lower revenue by gauging the ASP curve

ooihk899

1,634 posts

Posted by ooihk899 > 2022-11-07 23:30 | Report Abuse

Oops!!! Sorry, typo, full year divy at least 1.3, means final divy at least 90 sen.


Posted by ooihk899 > 4 hours ago | Report Abuse

QR highest ever at 197m. I think this year NP should surpass 600M. Hopefully full year dividend will be at least 1.9

Posted by LohMeinMang > 2022-11-08 00:14 | Report Abuse

DestinyL - Profit before tax is accounting number.

Look at cash flow lah, its what they pay dividends with... its on page 6 of the quarterly report:

811,103 cash flow from operating activities from last 9 months.

DestinyL

4,065 posts

Posted by DestinyL > 2022-11-08 07:06 | Report Abuse

Dividend policy guidance is based on earnings or EPS, cash flow tells you whether their guidance can be fulfilled or even surpassed

ooihk899

1,634 posts

Posted by ooihk899 > 2022-11-08 09:08 | Report Abuse

If price can stay above RM3500/ton, next year divy also should be good since no 'prosperity tax'

dam82

2,027 posts

Posted by dam82 > 2 months ago | Report Abuse

True one of the best managed plantation company look at recent KLK result … will add more while goes down … with everything happening in Malaysia this is the safest bet

Pinky

2,662 posts

Posted by Pinky > 2 months ago | Report Abuse

The most efficient planter!

dam82

2,027 posts

Posted by dam82 > 2 months ago | Report Abuse

some might be sad no rally but don't sweat ..utdplt always slow and steady and some good news despite not for old timers



https://www.theedgemarkets.com/article/united-plantations-sime-darby-plantation-among-top-10-esg-ranking

KUALA LUMPUR (Nov 24): United Plantations Bhd ranked second and Sime Darby Plantation Bhd has climbed to the seventh spot out of 100 assessed palm oil producers globally in November, according to 2022 SPOTT ranking of palm oil producers.

United Plantations scored a high 92.6% based on SPOTT’s November 2022 assessment, an increase of 6.4% from the 86.2% score in last year’s assessment.

A breakdown in the SPOTT assessment on United Plantations showed an above 80% score in three categories: organisation (96.1%), policy (98.7%) and practice (84.2%). United Plantations also scored 100% in its High Conservation Value, High Carbon Stocks and Impact Assessments category.

ooihk899

1,634 posts

Posted by ooihk899 > 2 months ago | Report Abuse

No need to bother with price movement, every year fat dividend good enough lah.
Just look at RCE int div 5 sen, spec div 18 sen.

dam82

2,027 posts

Posted by dam82 > 2 months ago | Report Abuse

haha true true just in case someone started to complain ...

dam82

2,027 posts

Posted by dam82 > 2 months ago | Report Abuse

very strong price even after ex divident date ... ermm

ooihk899

1,634 posts

Posted by ooihk899 > 2 months ago | Report Abuse

Record high FY 2022 earning. Final dividend will also record high ma.
Price on the CPO future contract still high, around RM3500 to 4200 . Next year result and dividend also should be good.

dam82

2,027 posts

Posted by dam82 > 2 months ago | Report Abuse

damm ... very strong .... till next year divident ke ni hahaha

ooihk899

1,634 posts

Posted by ooihk899 > 2 months ago | Report Abuse

Ya lo, almost same pattern every year. After final dividend it will drop.

ATCSLIN

14 posts

Posted by ATCSLIN > 2 months ago | Report Abuse

it looks like moving higher

Pinky

2,662 posts

Posted by Pinky > 2 months ago | Report Abuse

Yea finally touched 15.00

Posted by Fabien _the efficient capital allocator > 2 months ago | Report Abuse

Expect to receive 90sen final dividend

dam82

2,027 posts

Posted by dam82 > 2 months ago | Report Abuse

i am expecting 0.95 final divident .... sure will collect 2023 after ex divident price ... if CPO price is hovering between 3000 till 3500 would expect good profit without cukai makmur .... a gem to be kept and collected for long term ... tanah rata contribution will be positive catalyst soon .

1LegKick

30 posts

Posted by 1LegKick > 1 month ago | Report Abuse

RM15.30, awesome

Pinky

2,662 posts

Posted by Pinky > 1 month ago | Report Abuse

EPF have been foolish to keep selling previously. Now they find themselves buying back again

ooihk899

1,634 posts

Posted by ooihk899 > 1 month ago | Report Abuse

It's not their money ma. Maybe someone connected wanted to buy cheap, so they sell down to push the price downward lo.

1LegKick

30 posts

Posted by 1LegKick > 1 month ago | Report Abuse

Why a sudden surge ?

ooihk899

1,634 posts

Posted by ooihk899 > 1 month ago | Report Abuse

Good dividend for FY 2022. Profit also will break new high.
Base on 2023 future contract FY 2023 result should also be good ==> good dividend lo.

dam82

2,027 posts

Posted by dam82 > 1 month ago | Report Abuse

on steriod lor ... ESG funds started to buy ? ...errm hopefully can collect around 14++ after ex date finger cross .. indeed 2023 will be huat lor ... i am curious on tanah rata contribution .... lets wait till AGM for now watch on sidelined ...

ooihk899

1,634 posts

Posted by ooihk899 > 1 month ago | Report Abuse

Tanah Rata won't be much. Although Palm oil start bear fruit around year 4, it will only reach full maturity on year 7.

goldenhope

190 posts

Posted by goldenhope > 1 month ago | Report Abuse

Another record dividend to be delivered

Sardin

357 posts

Posted by Sardin > 1 month ago | Report Abuse

In 3 months time it may drop back to RM 14.xx because next year profit likely to be not as good as this year.

ooihk899

1,634 posts

Posted by ooihk899 > 1 month ago | Report Abuse

Bro, you are correct. But next year should be better than FY2021, so the dividend will still be good. If you think it will drop after dividend, then buy only at your target price lo.

dam82

2,027 posts

Posted by dam82 > 1 month ago | Report Abuse

Buy buy keep long term and enjoy dividend ….

Thkent91

189 posts

Posted by Thkent91 > 1 month ago | Report Abuse

A nice harvest in FY2022. Let's continue for FY2023. best of the best dividend and sustainable stocks in bursa

ooihk899

1,634 posts

Posted by ooihk899 > 4 weeks ago | Report Abuse

WOW! Production still up 3.4% for the whole year while others complain about manpower shortage...... Record profit ==> record dividend this year. Hahahaha








Pinky

2,662 posts

Posted by Pinky > 4 weeks ago | Report Abuse

Yes. Confident of another tasty round of divvies

LossAversion

1,644 posts

Posted by LossAversion > 2 weeks ago | Report Abuse

Hungry for dividends!

Pinky

2,662 posts

Posted by Pinky > 1 week ago | Report Abuse

Best plantation stock. Wonder why analysts not covering this. No chance to con bilis?

Thkent91

189 posts

Posted by Thkent91 > 4 days ago | Report Abuse

they keep the best for themselves. rotten ones like sime darby they promote

ooihk899

1,634 posts

Posted by ooihk899 > 4 days ago | Report Abuse

Free float not a lot, not easy to goreng. At least you can sleep well at night.

Post a Comment
Market Buzz