q1 cpo productions are lower qoq, exception of logging production is higher qoq; with the avg price of cpo slightly higher qoq, hopefully the logging section can cushion the lower profits from palm..as long as cpo can sustain >2000 in the coming months, with the additional logging production to come up soon after raplex fmu obtained its certification in a few mths time, things should be better?
April's production increased >10% MoM for palm oil related products, logging decreased some 18%, hopefully raflex to get certified soon to boost the logging division to cushion the weak palm price..
his article first appeared in The Edge Malaysia Weekly, on January 15, 2018 - January 21, 2018.
In a filing with Bursa Malaysia last Thursday, Ta Ann says it intends to buy the stake, or 84.97 million shares, in SPLB for RM169.94 million or RM2 per share in an all-cash purchase. The acquisition will make it the largest shareholder at SPLB.
If provide impairment loss for Investment in Associate, Sarawak Plantation Bhd, in fact the company is incurred loss for the half year of Year 2019.
I was wondering whether the half year account for the financial year 31 Dec 2019 is complying with MFRS or not. The authority in charge should examine this issue seriously.
MUMBAI (Sept 27): Malaysian palm oil prices are expected to trade between RM2,200 to RM2,300 per tonne in the fourth quarter 2019, the country's industry regulator forecast on Friday, as inventories may fall to 2 million tonnes by December.
Stockpiles of palm oil in Malaysia, the world's second largest producer, rose to a near two-decade high of 3.2 million tonnes at the end of 2018. Inventories fell for a sixth month in August to 2.25 million tonnes.
"For the past few months stocks are going down. So what we hope is that if stocks reduce further to below 2 million tonnes," said Ahmad Parveez Ghulam Kadir, director general of the Malaysian Palm Oil Board (MPOB) on the sidelines of a conference in India.
Ahmad added that while the MPOB expected palm oil prices to trade around RM2,200 (US$525) to RM2,300 from October to December, "we are not comfortable with this price range," he said.
"If possible, we would like to go to RM2,500."
Benchmark palm oil prices fell to a six-week low this week on concerns of rising output and weak demand. It was at RM2,151 a tonne, down 0.8%, at Friday's midday break.
On exports, Ahmad forecast that Malaysian shipments in 2019 would increase at least 10% from a year earlier to 18.2 million tonnes, up from 16.5 million tonnes in 2018.
He revised downwards estimates for Malaysia's production this year to 20 million tonnes, slightly below a previous estimate of 20.3 million tonnes, but forecast that production in 2020 would rise to 20.5 million tonnes.
Sarawak-based planters such as Ta Ann Holdings Bhd (TAH) and Sarawak Oil Palms Bhd (SOP) are likely to report better quarter-on-quarter (QoQ) core earnings on stronger output, the bank-backed research firm noted in a recent report.
Timber and oil palm group TA Ann Holdings Bhd has posted a 23% year-on-year fall in net profit to RM24.78 million in the third quarter ended Sept 30, 2019 (3QFY19), against RM32.21 million last year, on lower selling prices for its products across the board.
In a bourse filing, the company said the reduced profit was due to a lower average selling price for export logs, plywood products, fresh fruit bunches (FFB) and crude palm oil (CPO), as prices of export logs dropped by 30%, plywood products by 5%, FFB by 3% and CPO by 11%.
Still checking the latest figures. However in 2016, export revenue generated from the oil palm industry was RM 67.6 billion, which equals to 6.1% of total Malaysia's GDP. As a sustainable crop, the oil palm plays a critical role in helping to feed more than three billion people in over 200 countries.
Does anyone of you the latest figure?
We are doing a great job feeding more than 3 billion people in over 200 countries..
Ramai peneroka duduk di Medan Seri Tunggu masakan Kak Mabel Bistari Future trend CPO amat menarik sekali Bukan saja Ayam KFC, ada juga menu Lobster dan Aboloni
TA ANN HOLDINGS's main business segments include timber related and oil palm plantations.
Its earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from 17.05 sen to 54.55sen. Dividend payout in the 2018 financial year totalled 10 sen per share, which corresponds to a dividend yield of 2.87%.
Based on comparison of 44 plantation counters listed in Bursa Malaysia, it is found that currently TA ANN is not ranked as one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. However, TA ANN stands out in performance indicators such as having consistently high earning per share (> 10 sen per share and above).
Guys, based on production announcements made on Bursa, CPO production rose 51% y-o-y whereas Log production rose 28% y-o-y. Anticipating a solid 4Q for this counter
Why there is no impairment loss for investment in Sarawak Plantation BHD? That is a big big untrusted management team trying to manipulate the account..
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....
James Ng
2,710 posts
Posted by James Ng > 2019-04-19 13:26 | Report Abuse
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[转贴] [TA ANN HOLDINGS BHD:已根据Kapit FMU获得森林管理认证(FMU),总面积为149,756公顷,正在积极开展其他认证计划,以使剩余的FMU的总面积228,467公顷,预计将在今年通过认证] - James的股票投资James Share Investing