UNITED MALACCA BHD

KLSE (MYR): UMCCA (2593)

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Last Price

5.05

Today's Change

0.00 (0.00%)

Day's Change

5.05 - 5.05

Trading Volume

2,000


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132 comment(s). Last comment by Dehcomic01 2 months ago

Posted by Fabien Extraordinaire > 2019-03-21 19:46 | Report Abuse

another gruesome results.

cefiro22

383 posts

Posted by cefiro22 > 2019-03-22 16:19 | Report Abuse

yet big blocks put up as sellers at 5.40 being gobbled up as soon as keyed in this morning, mine too. Why so eager to buy blocks. Total done at tis time = 693,800 shares...there is an eager buyer to accumulate this stock.

James Ng

2,678 posts

Posted by James Ng > 2019-04-25 13:33 | Report Abuse

https://klse.i3investor.com/blogs/general/203918.jsp
[转贴] [UNITED MALACCA BHD:CPO及PK价格偏低,不利潮湿天气导致FFB收益率低以及RM306万净汇兑亏损] - James的股票投资James Share Investing

dboulevard

101 posts

Posted by dboulevard > 2019-06-18 12:07 | Report Abuse

Foreign investors probably being blackmailed to not invest in palm oil companies. Few years ago the west already blackmailed the foreign banks into not lending to palm oil companies. Such as HSBC had to ask existing borrowers to refinance. Many small shareholders went yo local banks instead.

Posted by Jonathan Keung > 2019-06-20 08:54 | Report Abuse

China trade war with U.S. is hurting economic growth. plantations hard hit by the slow down. come September inventories will hit 3.5 million tonnes. going to be tough year for pure upstream players

Kensington

154 posts

Posted by Kensington > 2019-06-26 19:27 | Report Abuse

Its 4th quarter result is just horrendous, aggravated by among others poor palm oil and palm kernel prices. A reduced final dividend of 6 sen is proposed by Co.

yfchong

5,743 posts

Posted by yfchong > 2019-06-26 21:35 | Report Abuse

Si liao

cefiro22

383 posts

Posted by cefiro22 > 2019-06-28 10:58 | Report Abuse

https://www.theedgemarkets.com/article/united-malaccas-earnings-likely...

No future? ...so, sell to Prosper Palm Oil Mill S/B while the going is good.
https://klse.i3investor.com/servlets/stk/annchsh/2593.jsp
28/06/2019 10:56 AM

Plantermen

2,094 posts

Posted by Plantermen > 2019-07-26 15:50 | Report Abuse

Numbers not looking good. Qtr to Qtr deteriorating.

Posted by Jonathan Keung > 2019-08-27 09:41 | Report Abuse

mundane AGM

Diamond7

2,193 posts

Posted by Diamond7 > 2019-09-25 21:04 | Report Abuse

Good results! Hooray!

Plantermen

2,094 posts

Posted by Plantermen > 2019-10-02 10:37 | Report Abuse

Book their profit on their 4 estates sale. Once off gain. Operating losses for 6 consecutive qtr ( IF NOT the estates disposal} half of the peninsular land sold. Not a good indicator { stripped of their land disposal gain)

cefiro22

383 posts

Posted by cefiro22 > 2019-10-08 21:39 | Report Abuse

Why Prosper Palm Oil Mill S/B keeps buying,.. now has accumulated over 22,000,000 shares>
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6304857

In Year Ended Jun 2018 they held 10.000,000, being 4th largest...Topmost = Great Eastern with
28,105,701.

Posted by danielleesing > 2019-11-19 16:34 | Report Abuse

Benjamin, who is the chief executive officer of United Malacca Bhd, said his company had already banned paraquat in all its plantations sprawling 108,000ha in Melaka and Indonesia.

Plantermen

2,094 posts

Posted by Plantermen > 2019-11-20 09:33 | Report Abuse

Sulaiwesi venture planting cocoa, coconut, sevia, coffee requires very long gestatation period. Land usage allows only cash crop not oil palm planting

Posted by Fabien "The Efficient Capital Allocater" > 2019-12-18 21:52 | Report Abuse

excluding the one off gain, still operating losses

LouiseS

286 posts

Posted by LouiseS > 2019-12-20 11:43 | Report Abuse

UNITED MALACCA's earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from -18.6 sen to 40.4 sen. In particular, in the current financial year, the group is hit by a -18.6 sen per share losses, due to low crude palm oil prices and new adoption of the Malaysian Financial Reporting Standards.

https://louisesinvesting.blogspot.com/2019/12/comments-on-united-malacca-berhad-2593.html

Up_down

4,279 posts

Posted by Up_down > 2019-12-21 20:28 | Report Abuse

Umcca used to be seen as an 'efficient' planter through taking advantage of aggressive accounting policy for plantation (non amortization of planting costs). The real face was revealed after compulsory adoption of new MFRS. Umcca is not an alone case. WTK and Jtiasa were adopting such aggressive accounting policy too.

Plantermen

2,094 posts

Posted by Plantermen > 2019-12-23 15:26 | Report Abuse

Labour & fertilisers cost make up the bulk of a Plantation estate expenses. If you look at their current accounts both fertilisers costs & operating expenses are higher than other plantations {tier one} companies { TSH, IJM plant,HSplant } dont compared with IOI or Up. Income from Indonesia is equally disappointing incurring losses for the past 4 years

Up_down

4,279 posts

Posted by Up_down > 2019-12-24 15:59 | Report Abuse

Depreciation of Property, Plant & Equipment shows RM 54.5 million for FY 30Apr19 whereas amount restated to 56.4 million for FY 30Apr18 for comparison purposes. If you read the AR 2018, the amount was , in fact, RM 28 million which was before adopting new MFRS. The additional charged of RM 28 million for depreciation of planting costs in complying new MFRS.

Up_down

4,279 posts

Posted by Up_down > 2019-12-24 16:12 | Report Abuse

TSH used to adopted an aggressive policy of non depreciating planting costs too but INNO adopted deprecated planting costs policy even though under the control of TSH management.

LouiseS

286 posts

Posted by LouiseS > 2020-01-21 11:53 | Report Abuse

Based on comparison of 44 plantation counters listed in Bursa Malaysia, UNITED MALACCA is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. UNITED MALACCA stands out in performance indicators such as having mostly steady earning per share (~ 10 sen per share and above), high market capitalization (RM 1,108 million) and relatively low P/E ratio of ~17.

https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html

Plantermen

2,094 posts

Posted by Plantermen > 2020-01-21 20:06 | Report Abuse

Sold off their peninsular estates to book a one off gain in their last financial year. Paying 2 sen interim dividend. Funds utilised for thier Sulaiwesi joint venture project planting sevia, coconut or rubber. Land usage is restricted for forest land

mf

27,852 posts

Posted by mf > 2020-06-23 19:11 |

Post removed.Why?

Posted by EatCoconutCanWin > 2020-06-23 22:44 | Report Abuse

Nah..this CB stock loss money but still ok. Is nothing to worry eh la. Red then green.

Plantermen

2,094 posts

Posted by Plantermen > 2020-06-24 14:00 | Report Abuse

Sold off securities held to cover the operating losses. Last year sold off their peninsular estates to cover bottom line. Worrying trend

kasim

75 posts

Posted by kasim > 2020-09-09 10:04 | Report Abuse

But now as lockdown policies restrict travel in many parts of the region, and the Malaysian government looks to cut back hiring of migrant workers, palm growers are left with little choice. The industry is also reaching out to drug rehabilitation centers for potential workers

Sami_Value

429 posts

Posted by Sami_Value > 2020-09-25 19:10 | Report Abuse

something really went wrong, CPO rising but they are making peanuts

Plantermen

2,094 posts

Posted by Plantermen > 2020-09-25 22:05 | Report Abuse

Cpo prices spike up from last year $2,100 per tonne to a high of 3,000 per tonne { up 40 - 45 % } even laggards like FGV, RH, TSH recorded much higher profit at the back of higher & better sales {CPO & PK prices} except for this counter. In addition, no segmentation on their Indonesian sales pricing VS their Peninsular and Sabah operations

Posted by Jonathan Keung > 2020-09-29 13:17 | Report Abuse

Sulawesi JV project put on hold due to environment issues. At this point unable to determine the time frame when the project can restart

Plantermen

2,094 posts

Posted by Plantermen > 2020-10-02 14:58 | Report Abuse

US ban on FGV exports bad for Malaysia export. Other producers will be impacted too

Posted by flyingtomoon2020 > 2020-11-08 18:00 |

Post removed.Why?

Posted by BeastOfTheEast > 2021-03-17 03:42 | Report Abuse

United Malacca 3Q profit more than quadruples to RM13.73 million

https://www.theedgemarkets.com/article/united-malacca-3q-profit-more-quadruples-rm1373m

Posted by Jonathan Keung > 2021-03-17 09:57 | Report Abuse

Good result

Plantermen

2,094 posts

Posted by Plantermen > 2021-06-25 08:51 | Report Abuse

Latest qtr result showed net plantation loss of 11+million plus vs previous qtr profit unbelievable.???with record high CPO prices

calvintaneng

53,197 posts

Posted by calvintaneng > 2021-09-23 21:49 | Report Abuse

WELL DONE ANOTHER PALM OIL COMPANY UMALACCA

YOY UP 486%

HOLD TIGHT GUYS

BULL RUN MUST COME FOR ALL OIL PALM STOCKS

Posted by Fabien _the efficient capital allocator > 2021-12-17 20:18 | Report Abuse

Very good results indeed

calvintaneng

53,197 posts

Posted by calvintaneng > 2021-12-18 22:36 |

Post removed.Why?

calvintaneng

53,197 posts

Posted by calvintaneng > 2021-12-19 23:08 | Report Abuse

Since got flood in Peninsula better Buy these Palm oil Companies in Sabah & Sarawak : SOP, TAANN & TSH

calvintaneng

53,197 posts

Posted by calvintaneng > 2021-12-19 23:21 | Report Abuse

SOP got Rm760 Million in Cash or more than Rm1.00

k3nthiew

508 posts

Posted by k3nthiew > 2022-02-25 10:06 | Report Abuse

The most quiet plantation stock

k3nthiew

508 posts

Posted by k3nthiew > 2022-02-25 10:09 | Report Abuse

Fantastic result like others plantation stocks but UMCCA is so quiet... peace b4 the storm

calvintaneng

53,197 posts

Posted by calvintaneng > 2022-03-22 22:23 | Report Abuse

Excellent more than 100% increase in profit YoY for Umalacca

Max2838

459 posts

Posted by Max2838 > 2022-03-23 10:37 | Report Abuse

With CPO price at above RM5000, this continues to be a disappointing plantation company, dragged down by its Indonesian operations. Companies that do not have oil refineries in Indonsia will always lose out because CPO price in Indonesia is some RM1000 lower than that in Malaysia. In general, the crop yield of its plantations in Malaysia is so much lower compared to UP, KLK, IOI, HSP, etc. Weakness is in it harvesting operations, not agronomy....

Max2838

459 posts

Posted by Max2838 > 2022-03-23 12:09 | Report Abuse

Managing plantation is about people, not palms.

Posted by hopetobecorrect > 2022-04-21 09:36 | Report Abuse

really sleeping for a very long time

monorail

78 posts

Posted by monorail > 2022-04-25 11:14 | Report Abuse

UMCCA is the only plantation stock that has not gone up so much. Very good buy at current price.

Posted by hopetobecorrect > 2022-04-28 11:20 | Report Abuse

umcca should not be too affected by indonesia ban. indonesia operation contribute around 10% of its profit. i believe the rise in cpo price will exceed the negative consequences . hold for better price and divivdend announcement coming next month which should be better than last year

Dehcomic01

298 posts

Posted by Dehcomic01 > 2 months ago | Report Abuse

According to Professor Novy-Marx, the gross profitability (gross profit/total asset) is a return metric that has the same power as price to book value in prediction cross section returns of a stock. https://i.postimg.cc/6QJy1P2f/United-Malacca.png

When I compared Bursa Malaysia plantation company, United Malacca gross profitability with that of the sector median, you can see that it clearly underperformed. This underperformance is not so clear cut when you look at ROE.

Moral of the story? Return is one key measure of profitability and I normally look at several return metrics – ROE, ROA, Gross Profitability, NOPAT/Capital to get a better picture. https://www.youtube.com/watch?v=9KhboTCMdEg

Dehcomic01

298 posts

Posted by Dehcomic01 > 2 months ago | Report Abuse

According to Professor Novy-Marx, the gross profitability (gross profit/total asset) is a return metric that has the same power as price to book value in prediction cross section returns of a stock. https://i.postimg.cc/6QJy1P2f/United-Malacca.png

When I compared Bursa Malaysia plantation company, United Malacca gross profitability with that of the sector median, you can see that it clearly underperformed. This underperformance is not so clear cut when you look at ROE.

Moral of the story? Return is one key measure of profitability and I normally look at several return metrics – ROE, ROA, Gross Profitability, NOPAT/Capital to get a better picture.

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