KLSE (MYR): GENP (2291)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
5.60
Today's Change
+0.01 (0.18%)
Day's Change
5.53 - 5.63
Trading Volume
196,300
2024-11-21
2024-11-18
2024-11-15
2024-11-15
2024-11-14
2024-11-13
cheeseburger
2,873 posts
Posted by cheeseburger > 2012-12-02 16:18 | Report Abuse
Genting Plantation stock has been hit by the recent change in Malaysia's CPO export tax structure with the tax free quota being scrapped, which was announced on 12 Oct.
However if we looked at the Total unplanted area we can see Indonesia unplanted area is far more than Malaysia, where 52,588 hectares vs 1787 in existing.
And 93% are matured palms in Malaysia where today this is the main contributer in revenue but with Indonesia Immatured plant of 27,600 Hectares coming in the pipe line, 2013 may soon be the year for the indonesia plants to start move into steep production phase after year 3 in plantation. The surge in Indon FFB output will be increased very soon.
Make your own judgement to think if this is a stock worth to invest.