Stay away from this counters. It is alrdy poorly manage when oil price at higher price. What do you expect at current price? Huge debts and depreciated land price.
Cost of FFB per ton too high. Every quarter production cost oil palm business more than Rm130 millions, excluding administration and interest cost. How to make money?
Go to quarterly report page 17, palm oil revenue + operating lost = Rm130+ millions. This is cost of palm oil industry for the company. You can check back for few quarters, for the last 1-2 years, quarterly cost was around the amount.
FFB production in historical high & hopefully logs production can start recover bag to 40-50K m3 after the completion of the Sustainable Forest Management Certification process.
22 Taxation Tax charge for the current financial year comprise:- 30.06.2019 30.06.2018 30.06.2019 30.06.2018 RM’000 RM’000 RM’000 RM’000 (restated) (restated) Current taxation (9,321) (507) (7,429) (7,552) Deferred taxation (55,192) 8,661 (69,496) 17,404 (64,513) 8,154 (76,925) 9,852 Current quarter Year-to-date The effective tax rate for the Group is higher than the statutory tax rate of 24%. This is mainly due to derecognition and reversal of deferred tax assets on unabsorbed tax losses in loss making subsidiaries
Hmmm. Saucer bottom in the making with higher production figures for the last 3 months? Jul to Sept figures looks good. Any inputs? Cold eye still holding jtiasa?
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kasinathan
967 posts
Posted by kasinathan > 2019-05-24 09:07 | Report Abuse
Waw.... Loss rm125 million. Much bigger than what i guessed earlier.
As for April and May... The CPO price even lower than Jan-march.
Rm0. 35 is coming