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.
Latest and highest TP announced so far is RM12.20. If reach this TP, Gen Plant W should be worth RM 4.45 assuming zero premium or 49% upside from present RM2.98.
200 hectares of freehold property landbank and 8630 hectares of plantation landbank in Johor still valued at 1983 price base on latest annual report. If revalued base on current price how much does the value fetch? Any Johorean here can help to calculate?
ko2004bb, they have declared special dividend last year so try to conserve cash which they need for expansion. This is a good long term stock where you can expect growth in earnings. Woi, if GenP can sell their land to EcoWorld, they can make huge profit.
Total RM595,534K 17323 RM2,808,473,000.00 Under Value portion RM2,212,939,000.00 Total issued share 760089620 Contribute to each share RM2.91
means the net asset value will revise to RM7-43 per share. still lower than current share market price
* the book value & land hectarage extract from list of properties in annual report ** only land in peninsular Malaysia take in consider in this argument
So be cautious, no revalue does not mean the share price haven't reflect the actual value. Good luck
Past 1 month EPF buy a lot. As a plantation company they also own a lot of land for property development. Wonder when they can list their property arm like IOI to unlock value for shareholders. http://klse0.i3investor.com/servlets/stk/annchsh/2291.jsp
FOR the plantation sector, will zero CPO export duty help the industry as a whole?...from Starmobile.....@Ring....palm oil price @ 1900 can be disposed for biodiesel plant which is intact.The economists @ this conference r not sure of what they r talking or trying to sweep d truth under d carpet.Those giant plantation companies yield is only 20mt n d industry can collapse @ this yield.We have living examples like UP/KLK/IOI whose yield is above 23mt.What r they doing to increase d yield which shd be widely spoken by d top economist of d country. Govt is loosing plenty of revenue by abolishing export duty until Dec... the high yield will help to cushion d situation.Any expert economist or media writers shd elaborate on this...tks.
Hi there. good night . I am a new player , Currently I am into Genting counters : Howeve , I am having a very serious question here, hope got someone kind can explain abit Please : However I just check the dividen giving by GentingM and Genting bhd , and I find out Genting Malaysia diveidend more than Genting Berhad. Current price : Genting bhd 7.18 VS Genting Malaysia 4.26 I feel unbelievable beacuse Genting bhd seven riggit plus, but Genting M only 4.26, Then why not just buy genting M and get the higher dividend . why those people still want to invest expensive counter but low dividend. Unless they want to rugi ?
is there anything I should know ah ?
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cheeseburger
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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.