thplant is profitable and still trading below NTA......and it has various plantation assets as mention by calvin.. so, it might also be an attractive target for bigger plantation co....
i think thplant is as good as jtiasa...landsize of >200k acres...quite similar.. a good takeover target for the big boys...who can better replant and extract the palm oil....
Based on my own research, SUBUR is the best target for privatisation. As the share price and the NTA has enough room to create a win-win privatisation for both Acquirer and Seller.
Current share price : RM0.89 NTA : RM3.50
If the Acquirer offer RM2.20, I believe most of the minority shareholder will accept the offer, as there is a handsome profit of RM1.30.
Same for the Acquired, the NTA of RM3.50 vs RM2.20 offer price, there is also a gain of RM1.30.
Which will be the next palm oil stock to be taken private?
Bplant was taken private at Rm1.55 by Ltat
Fgv was given Rm1.30 to be taken private by Felda but failed
Next one most probably Thplant as it is owned by Tabung Haji
Ltat, Felda and Tabung Haji all are Govt Glcs
But taken private means no more future growth opportunity for Investors
Better stay listed
And the best buy now is Tsh Resources
Bought Bplant at 57 sen in 2021 and Ltat took private at Rm1.55 Bought Thplant in year 2021 at 47 sen. Now 75 sen Bought Tsh at Rm1.09. Now only Rm1,13 That means Tsh is a laggard and lots room more to go higher
the last chance to buy plantation companies with more than 200,000 acres, while still cheap. jtiasa, tsh, thplant, don't know which one to pick, quite headacre !
We have selected RSawit to replace Bplant in Top 10 Palm oil Picks
RSAWIT (5113) A Palm Oil Turnaround Due to High Cpo over Rm4,100 MT Plus Very Very Undervalue Assets that are Easy to Liquidate for High Profits, Calvin Tan
calvintaneng, i sold off my Dayang on 12th March and purchased THPlant following your analysis. Hope i gain more from THPant but yesterday alone lost Dayang opportunity cost of RM0.13
Thplant used to have low cost of Cpo at only Rm1,463 per ton in those days Now with high fertilizer, sukuk loan and labour its cost has gone near Rm2500
But fertilizer cost has come down and so profit will go up Thplant has started to increase dividend which is a good sign
FY2024 is likely to see quick significant improvement in Profit . Reasons are : (1) Revenue will increase by double digit arising from higher FFB production and higher realizable selling price . (2) higher fair value gain compare to 2023 (3) lower cost of production due to 50-60% drop in fertilizer and pesticides prices
Significant improvement in profit will drive share price substantially higher . All you need is conviction and patience for 9-12 months. Just my view .
When THplant makes substantially higher profit, you can be sure that dividends will be correspondingly higher . Lenbaga TH needs as much dividend as possible to even sustain 3% interest payments to its depositors . Same case like Bplant before .
also if you see the latest annual report, the CEO said they r open to the possibility of unlocking value of their plantations. anyway, dun want to reveal much more, let those ppl continue sell, i will buy more.
Controlling shareholders of FGV and MPHBcap may not privatize the companies at all. Also true that nobody is going to give us advance notice of the privatization plan , if they exist .
Don't worry.. More n more hot money have been withdrawal from US market and all these money is coming to Asia. Today you may feel disappoint when you see the share price drop, but in long term you will regret why you didn't accumulate more at this stage. I strongly believe Malaysia stock market will enter into a Bull Run, so everything is cheap now, just hold and continue to accumulate, especially for good fundamental stock that have profit, price below NTA, owned a lot of value asset like land....etc.
THplant is potentially the highest profit growth plantation stock for 2024 (against 2023’s earnings). Hopefully this will drive stock price to $1.20/-.
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....
KingKoil
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