Posted by XenDee > 2022-02-18 19:36 | Report Abuse

Breakout BOWL pattern!!! https://www.tradingview.com/chart/THPLANT/a1yVePM3-THPLANT-TP/

Posted by Johnzhang > 2022-02-18 19:38 | Report Abuse

Xendee, I am not a technical guy. Can you explain follows after breaking out of bowl pattern?

Posted by XenDee > 2022-02-18 19:48 | Report Abuse

BOWL aka rounding bottom pattern is a typical chart pattern for traders to entry trade after some pattern completed. Enter trade above 0.855. TP 1.16

Posted by Johnzhang > 2022-02-18 20:00 | Report Abuse

Thanks XenDee.

Posted by Goldgent > 2022-02-19 09:42 | Report Abuse

Share a corporate video of TH Plantations Berhad.
https://www.youtube.com/watch?v=WQb_Xfd795I

Posted by kmohan62 > 2022-02-19 13:26 | Report Abuse

I don't see any dividend payout the last 4 years.In that respect Boustead Plantation ( BPlant ) is in a better position to enjoy price appreciation as investors especially foreign institutional investor will root for constant dividend payout as one of the criterion in investment decision.
19/02/2022 1:25 PM

Posted by calvintaneng > 2022-02-19 16:04 | Report Abuse

didn't pay dividend last 4 years does not mean no more dividend for the next 4 years yet ahead

Thplant has 240,000 acres whereas bplant got 220,000 acres and Thplant has no need of replanting oil palm trees

Now Thplant has raised a Rm300 millions cash hoard

it can use some to meet sukuk loan obligation and some for dividend

so just wait

Posted by ahbah > 2022-02-19 16:11 | Report Abuse

No. 1 Bplant

No. 2 THPlant

Just collect some of them n see later lah.

Posted by freddiehero > 2022-02-19 17:03 | Report Abuse

welcome all.. shoot it

Posted by Goldgent > 2022-02-19 18:54 | Report Abuse

Interesting technical analysis on TH Plant & FGV.
TH Plant (minute 10:10 ~ 21:25) & FGV (minute 26:34 ~ 35:03).
The youtuber predicted both counters will rise back to year 2018 (14th General Election) price level. Let's see, time will tell.
https://www.youtube.com/watch?v=PfW4tUFdgqY

Posted by Johnzhang > 2022-02-19 21:05 | Report Abuse

CNA news on Russia -Ukraine conflict:
Any interruption to the flow of grain out of the Black Sea region is likely to have a major impact on prices and further fuel food inflation at a time when affordability is a major concern across the globe following the economic damage caused by the COVID-19 pandemic.

Four major exporters - Ukraine, Russia, Kazakhstan and Romania - ship grain from ports in the Black Sea which could face disruptions from any military action or sanctions.

Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.

Posted by calvintaneng > 2022-02-21 08:56 | Report Abuse

Happy morning all at Thplant

240,000 acres of plantation lands

Thplant is a mid-cap selling at small cap prices

The gem of a bargain

Posted by troy88 > 2022-02-22 11:58 | Report Abuse

Thanks for the cheap sale this morning. Now it can surge together with Bplant

Posted by huatallplant > 2022-02-22 12:02 | Report Abuse

huat arrrrrrrr hahahahahaha

Posted by TryMakeGoodBuy > 2022-02-22 12:48 | Report Abuse

hello
hello
hello

Wonder what happened to sampah naysayers.

Sudah sembunyi belakang batu kah!!!

Posted by RaazzTetsuya > 2022-02-22 16:11 | Report Abuse

G** group buy call strikes again, be careful think twice before u enter as they already have bad names among investors in giving buy calls and trapping investors

think twice before u buy

Posted by 888STOCK888 > 2022-02-22 17:46 | Report Abuse

No dividend =(

Posted by juon > 2022-02-22 17:59 | Report Abuse

lol, this kind of profit under this kind of environment. aduhai, better go somewhere else.

Posted by juon > 2022-02-22 17:59 | Report Abuse

sibek memalukan

Posted by gladiator > 2022-02-22 18:05 | Report Abuse

Quarter results not good and no dividend.

Posted by Goldgent > 2022-02-22 18:06 | Report Abuse

Converted all to BPlant b4 announcement. Narrowly escaped.

Posted by gladiator > 2022-02-22 18:09 | Report Abuse

I will blacklist thplant, tsh, rsawit, tdm & wtk.

Posted by calvintaneng > 2022-02-22 18:18 | Report Abuse

Thplant results please go read the balance sheet and the notes very very carefully

Actually Thplant results beat both jtiasa and Bplant

there is a biological asset mark down of Rm56.5 millions

If not for this defection Thplant would have reported a nice 6.59 sen profit

Not sure go consult your accountant or auditor

Posted by serbatipu > 2022-02-22 18:55 | Report Abuse

Someone going to get curse soon, kesiannn

Posted by calvintaneng > 2022-02-22 20:44 |

Post removed.Why?

Posted by XenDee > 2022-02-22 21:07 | Report Abuse

Good insight from your article calvin. Keep it up

Posted by Johnzhang > 2022-02-22 21:37 | Report Abuse

what Calvin elaborated is correct. THplant's Q4 2021 result is indeed very good if there is no -ve $56.6mil fair value change in biological assets.
In Q4 2021, the company decide to CHANGE THE ACCOUNTING TREATMENT in fair value accrual on biologically asset ( ie immature FFB on the trees). Prior to Q4 2021, the company made accrual for immature FFB upto 3 months before harvesting. Now the company decide to only accrual for immature FFB that are ready to be harvested in 1 month only. This has resulted reversal of all the previous qtrs accruals.
In Q4 2021, there is +ve $7.5 mil of fair value change for the forestry segment was recognised . -ve $64.1 mil (reversal) in fair value change for Oil palm segment. Overall change is therefeore -ve 56.6 mil (+7.5 -
64.1mil).

The accounting change is one off thing and has no impact to future qtr result.
If we add back the fair value change reversal for oil palm of -ve $64.10 mil, PBT Q4 2021 would be 11.2+ 64.1 = 75.30 mil which in fact very impressive.

Average realized CPO selling price for Q4 is $4,508 which is in fact better than many big guys.

Posted by Johnzhang > 2022-02-22 21:39 | Report Abuse

Why is the change of accounting treatment in Q4? UPto everyone to make intelligent guess.

Posted by Johnzhang > 2022-02-22 21:48 | Report Abuse

The 4th qtr result also affected by the much higher Cost of sales by $49mil. Don't quite understand why ?
Finance cost increase by 12mil due to drawdown of $300 mil sukuk since 2nd qtr and incurring additional interest.
Cash is 260 mil .Why is there need to standby such much cash thru borrowing since 2nd qtr 2021 ? Up to everyone to make speculate.

Posted by amtheng > 2022-02-22 22:02 | Report Abuse

Is there a suggestion that this accounting change is to lower the stock price and the privatisation will come cheap for THPlant

Posted by Johnzhang > 2022-02-23 06:27 | Report Abuse

I certainly don’t want to rule out this possibility.
—————————————————————————-
Posted by amtheng > Feb 22, 2022 10:02 PM | Report Abuse

Is there a suggestion that this accounting change is to lower the stock price and the privatisation will come cheap for THPlant

Posted by Johnzhang > 2022-02-23 07:07 | Report Abuse

If the privatization offer is to be made, THP should do it very soon ,so that EGM to approve it can be concluded well before Q1 2022 result is released by end May. Just my personal view.

Posted by XenDee > 2022-02-23 07:50 | Report Abuse

THP profit 70m. https://www.theedgemarkets.com/article/th-plantations-fy21-net-profit-higher-rm7017-mil?type=malaysia

Posted by joerakmo > 2022-02-23 08:53 | Report Abuse

@Calvin
there is a biological asset mark down of Rm56.5 millions

If not for this defection Thplant would have reported a nice 6.59 sen profit

Biological assets consists of "produce growing on bearer plants"

That is equivalent to 50000mt of FFB "lost"

This is a big red flag!

Posted by 888STOCK888 > 2022-02-23 09:05 | Report Abuse

Maybank new TP 0.71

Posted by DJThong > 2022-02-23 10:04 | Report Abuse

0.71 only ? Aduh that’s bad
From
Nusantara DJ Thong Ing Yi

Posted by keng88 > 2022-02-23 11:09 | Report Abuse

Sampah counter

Posted by kong73 > 2022-02-23 17:25 | Report Abuse

TH better divest their plantation..mcm tak betul berniaga

Posted by calvintaneng > 2022-02-23 17:32 | Report Abuse

Managed to buy 50 lots at 82 sen from weak hands today

Quite happy

Posted by Johnzhang > 2022-02-23 17:38 | Report Abuse

I have no worries to add more at 83-84sen. The QR is grossly misunderstood.

Posted by Seven77 > 2022-02-23 20:56 | Report Abuse

Yes will buy more to keep

Posted by williamtkb > 2022-02-23 22:05 | Report Abuse

Technically today candle is bullish. Tomorrow if above 90cents selling pressure will start for profit taking.

Posted by XenDee > 2022-02-23 22:20 | Report Abuse

bullish hammer of thor candlestick. up!

Posted by amtheng > 2022-02-24 14:31 | Report Abuse

Palm oil future now at RM6790

Posted by XenDee > 2022-02-24 21:31 | Report Abuse

FCPO touch RM7000 https://www.theedgemarkets.com/article/cpo-futures-reaches-record-high-rm7000-uptrend-may-not-be-sustainable-long-term

Posted by calvintaneng > 2022-02-24 22:48 |

Post removed.Why?

Posted by calvintaneng > 2022-02-24 22:55 |

Post removed.Why?

Posted by calvintaneng > 2022-02-24 22:57 | Report Abuse

See Tatau

https://www.youtube.com/watch?v=WWY8bz8zKCA

Posted by calvintaneng > 2022-02-24 23:02 |

Post removed.Why?

Posted by foreign_fund > 2022-02-25 16:30 | Report Abuse

Still losing $ even CPO >RM 5000. Sell.