So much talks by some analyst on ijmplant is a debt ridden company when the price is around rm2.00 but ends up takeover by KLK at rm3.20. Believe yourself judgement lah, not the naysayers even i have yet hold of Th plantation shares. Most important is CPO price.
Personally the pick up price will be 38-41.5 cents.Calvin just wrong in timing.Not all ASP price upward share up.Its depend whether the price can be substain few more quarter of high CPO price.
Date Settlement Price RM 18 Jun 21 3424 17 Jun 21 3377 16 Jun 21 3404 15 Jun 21 3580 14 Jun 21 3375 11 Jun 21 3663 10 Jun 21 3844 9 Jun 21 3871 8 Jun 21 4049 4 Jun 21 4129
And since Cost of CPO production ranges from a low of Rm1,465(Thplant) to a high of Rm1800 per ton ALL PALM OIL COMPANIES Are now making more than 100% Profits
This is not a One Off but SUSTAINED PROFITS MONTH AFTER MONTH TILL END 2021 & GOING INTO YEARS 2022/2023 & Etc Etc...
This confirmed A New Trend in Strong Real & Incremental Earnings for All Palm Oil Companies notwithstanding the market still overlook its potential
Although FCPO is trading near the critical resistance, buying interest remained elevated, thanks to external boost from Soybean Oil. A stronger market structure was observed within a smaller timeframe, and we expect FCPO to test the upper resistance level ahead.
Posted by calvintaneng > Jul 27, 2021 7:41 AM | Report Abuse X
bahai4453 My question is : Can this biological asset made any impact on the the company's financial performance ? Will this play a vital role in the selection of investing target ? 27/07/2021 12:54 AM
This is a very good question indeed
1) Yes, biological assets continue to grow and increase in value year after year
See an example
THPLANT
See last qtr result under Note 17
Biological assets
Year ended 31.12.2020...Rm41.6 millions
Year 31. 3. 2021........Rm55.9 millions
So THPLANT assets are stated as below At 1 January Change in fair value recognised to profit or loss...Rm14.278 Millions
SO IN JUST 3 MONTHS THPLANT BIOLOGICAL ASSETS INCREASED BY RM14.2 MILLIONS IN VALUE
What kind of Biological Assets THPLANT GOT?
Receorded in AR of THPLANT Under Property are Palm Oil Estates, Timber & Teak Wood Estates
TEAKWOOD?
YES! THPLANT HAS 3,000 ACRES OF PLANTED TEAKWOOD (All of highest value)
For TSH it has both Palm Oil & Timber Concession lands planted with Solid hardwood
These hardwood trees are used for Wood Flooring and sold by its subsidiary Ekowood
A land value will increase many times if Good Biological Assets are planted there
See how people who got Mau Sang Wang durian planted on their lands ask for exorbitant prices?
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....
henry888
2,247 posts
Posted by henry888 > 2021-06-21 08:26 | Report Abuse
So much talks by some analyst on ijmplant is a debt ridden company when the price is around rm2.00 but ends up takeover by KLK at rm3.20. Believe yourself judgement lah, not the naysayers even i have yet hold of Th plantation shares. Most important is CPO price.