UNITED MALACCA reported Jun 27, 2013 that the Company had revalued its plantation assets under FRS116 which resulted in an increase of RM2.24 per share in the Net Assets of the Group. The valuation was done by MSSRS CH WILLIAMS TALHAR & WONG sb. The valuation was done on Apr 30, 2013. The total revalued assets amounted to RM1.43 billion.
without further expansion there is no forward momentum. sitting on a huge cash pile, too conservative. not like the dividends are that attractive either.
even at the current price, PE is still 21x. Unless there is a real recovery in CPO prices margins could be further squeezed. Having all their plantations in Bolehland doesnt make things easier.
i like the co. hold by Aberdeen, will make you surprise anytime. Look at Oriental Holding, GAB, AEON and AEON Credit, the trading price always above 20x PE. The increase in production will decrease the impact of low margin CPO price, over 30% immature land is this co. hope.
The dry weather due to El Nino which affected the yield for the preceding financial year 2015/16 will continue into this financial year. However, the Group expects higher FFB output for the financial year ending 30 April 2017, with the additional 833 hectares coming into maturity in Malaysia and the full year contribution from the newly acquired Indonesia plantations.
Management's priority remains focused on improving labour productivity, reducing cost and enhancing estate management practices. Should the CPO prices remain at the current level, the Group expects better results for the current financial year.
One possible reason is that they are booking paper profits. Their entry is way low than the rm5. This is the same across their portfolio of aeon, shangrila, etc. Will need to see their latest annual report other than Aberdeen who are the fellas trading this counter.
The impact of dry weather due to El Nino which adversely affected the yield for the preceding financial year 2015/16 continued into this financial year. However, the Group expects higher FFB output for the financial year ending 30 April 2017, with the additional 833 hectares coming into maturity in Malaysia, increasing yield trend from the young palms in Sabah and the full year contribution from the newly acquired Indonesia plantations.
With the higher CPO prices, the Group expects better results for the current financial year ending 30 April 2017.
Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 30 Jun 2017 21,100 Acquired Direct Interest Name of registered holder Aberdeen Islamic Asset Management Sdn Bhd Address of registered holder Suite 26.3, Level 26, Menara IMC Letter Box No. 66 No. 8 Jalan Sultan Ismail 50250 Kuala Lumpur Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred An investment position taken in connection with Aberdeen Asset Management PLC Group's ordinary business in fund management Nature of interest Deemed Interest Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 23,077,200 Indirect/deemed interest (%) 11.026 Total no of securities after change 23,077,200 Date of notice 03 Jul 2017 Date notice received by Listed Issuer 04 Jul 2017
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
haikeyila
1,068 posts
Posted by haikeyila > 2013-06-07 09:53 | Report Abuse
whatever happened to their keningau land acquisition?