RIMBUNAN SAWIT BHD

KLSE (MYR): RSAWIT (5113)

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Last Price

0.23

Today's Change

-0.005 (2.13%)

Day's Change

0.23 - 0.235

Trading Volume

1,211,600


18 people like this.

2,943 comment(s). Last comment by Investing_Bursa 13 hours ago

newbie9893

2,443 posts

Posted by newbie9893 > 2021-10-05 16:40 | Report Abuse

all the plantation counters will shoot up to the moon tomolo..buy now

AdCool

3,864 posts

Posted by AdCool > 2021-10-05 17:05 | Report Abuse

NTA only at 0.19. Even if they sell the whole biz and return to shareholders, all of us would make losses.

kelvin61 This Sarawakian family is doing a bad job in managing the Oil Palm business. They're good at the timber and plywood business but is a failure in the oil business. Suggest they sell this business and make capital repayment to shareholders if they can't turnaround the business eventhough the CPO prices are at record high which is not sustainable in the long run.
05/10/2021 3:07 PM

Nkk1370

277 posts

Posted by Nkk1370 > 2021-10-05 17:33 | Report Abuse

Wake up

AdCool

3,864 posts

Posted by AdCool > 2021-10-05 17:56 | Report Abuse

all follow Subur is it?

SEE_Research

4,673 posts

Posted by SEE_Research > 2021-10-06 01:31 | Report Abuse

SEE_Research ===========================================================================

https://klse.i3investor.com/blogs/see_research/2021-10-06-story-h15919...

===========================================================================
SAMSON HERCULES Chan /4316

( LIMIT UP 30 % --- STOCK LIKE SUBUR / 6904 )


Another Subur Tiasa Holdings Bhd / 6904

Potentially, for this coming week ,

starting from 6 October 2021 , onwards


(i)1st Target Price :


RM 0.68 level

( 17 % )



=====================================

(ii) 2nd Target Price :

RM 0.89 level

( 50 %)
06/10/2021 1:27 AM

651158

2,402 posts

Posted by 651158 > 2021-10-06 08:35 | Report Abuse

Today limit up lo faster buy in

bulldog

12,157 posts

Posted by bulldog > 2021-10-06 08:39 | Report Abuse

Accumulation in progress

Huat chaiii

AdCool

3,864 posts

Posted by AdCool > 2021-10-06 13:54 | Report Abuse

Limit up means 0.3 lah.
got 0.03 up daily also happy already for RSawit.

Nkk1370

277 posts

Posted by Nkk1370 > 2021-10-06 15:49 | Report Abuse

Can't manage well, just sell it to Klk or IOI

vcinvestor

403 posts

Posted by vcinvestor > 2021-10-06 15:52 | Report Abuse

KLK / IOI won't buy these kind of shit plantations. RM4k also cannot make money.

Nkk1370

277 posts

Posted by Nkk1370 > 2021-10-06 20:40 | Report Abuse

CPO 4800 per ton now Sawit benifited greatly

bulldog

12,157 posts

Posted by bulldog > 2021-10-08 19:49 | Report Abuse

Bulldog accumulate at 24

Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2021-10-11 15:28 | Report Abuse

Accumulation in progress

Huat chaiii

bulldog

12,157 posts

Posted by bulldog > 2021-10-13 01:43 | Report Abuse

Keep on accumulate

Huat chaiii

vcinvestor

403 posts

Posted by vcinvestor > 2021-10-13 09:09 | Report Abuse

very safe counter, sure won't kena windfall tax (because they won't even make a profit)

https://www.theedgemarkets.com/article/dewan-rakyat-passes-amendments-windfall-profit-levy-act

AdCool

3,864 posts

Posted by AdCool > 2021-10-13 15:18 | Report Abuse

still sleeping like a lazy dog. must use rotan already like my grandma to wake the dog up.

bulldog

12,157 posts

Posted by bulldog > 2021-10-13 18:28 | Report Abuse

Accumulation in progress

Huat chaiii

AdCool

3,864 posts

Posted by AdCool > 2021-10-18 13:58 | Report Abuse

this counter still sleeping. cant even beat 0.3. CPO already above 5k for more than a week.

bulldog

12,157 posts

Posted by bulldog > 2021-10-18 15:05 | Report Abuse

Keep on accumulate

Huat chaiii

newbie9893

2,443 posts

Posted by newbie9893 > 2021-10-20 15:30 | Report Abuse

Rsawit might spike up anytime from now onward..buy now..to be reward soon

Sales

3,281 posts

Posted by Sales > 2021-10-20 16:35 | Report Abuse

Go! Go! Go! No more cheap sales!

AdCool

3,864 posts

Posted by AdCool > 2021-10-20 17:20 | Report Abuse

No spike lah. still cannot breach 0.3.
where got spike? Probably need to wait until end Nov when they going to release results

bulldog

12,157 posts

Posted by bulldog > 2021-10-20 20:13 | Report Abuse

Accumulation in progress

Huat chaiii

AdCool

3,864 posts

Posted by AdCool > 2021-10-21 18:13 | Report Abuse

accumulation in progress since months ago loh. wanna accumulate until when?

bulldog

12,157 posts

Posted by bulldog > 2021-10-28 13:12 | Report Abuse

Accumulation at 24

Huat chaiii

GreenHat

24 posts

Posted by GreenHat > 2021-10-28 22:40 | Report Abuse

What is the tp for this gem

Posted by investor2021trading > 2021-10-29 07:58 | Report Abuse

with CPO price at rm5323/ton, RSawit is too cheap to miss!

KUALA LUMPUR (July 27): RHB Retail Research said Rimbunan Sawit Bhd may resume its upward move – as it has likely found a support at 30.5 sen.

In a trading stocks note today, the research house said a positive bias may emerge above this level, with the following resistance points set at 33.5 sen followed by 34.5 sen.

“A stop-loss can be set below 30.5 sen,” it said.

AdCool

3,864 posts

Posted by AdCool > 2021-10-29 11:56 | Report Abuse

this Rimbunan been downtrend for many years and only had a spike at end of 2019, align with the industry. Since then it been on downtrend again regardless higher CPO price. The only way to move it is to start to report profit in quarters to come. If it cont to report losses even with CPO above 5k, then it should cont to drop below 0.2 and back to its 2019 price at 0.12

Posted by investor2021trading > 2021-10-29 14:16 | Report Abuse

so, lets wait for d positive QR??? Crude Palm Oil n Palm Kernel Oil prices r now at a historical high!!!

Has "Capital Reduction" a game changer???
Rimbunan Sawit had successfully undertake a capital reduction aimed at eliminating the company's accumulated losses. The capital reduction, has enabled the company to eliminate its accumulated losses to reflect more accurately the value of the underlying assets and financial position of the company. The exercise will enhance the company's ability to pay dividends out of its retained earnings in the future.

AdCool

3,864 posts

Posted by AdCool > 2021-10-29 15:20 | Report Abuse

no dividend from RSawit since 2013.

Posted by investor2021trading > 2021-10-31 21:18 | Report Abuse

let me calculate d earning of an oil palm plantation:

let say ffb production of 1.20 ton/hect/mth
a plantation of 10,000 matured hectares
there4, 10,000 hects X 1.20 ton/hect/mth = 12.000 metric tons ffb
take 20% oil extraction from mill = 12,000 X 20% = 2,400 tons CPO
take current price of CPO at RM5000/m.ton = 2,400 X 5000 = 12 millions
take production cost of RM1,800/m.ton (estate) + RM600/ton (mill)
there4, total production cost/ton CPO will b RM2,400/ton
i.e. RM5,000-RM2400 = RM2,600/ton extra margin
there4, total profit for a 10,000 hects matured plantation
will b 2,400 CPO X 2,600 = RM6,240,000/mth profit margin
if over 12mths X 6,240,000 = RM74,880,000

isn't that's a whooping profit more than enough to pay for taxes!

bulldog

12,157 posts

Posted by bulldog > 2021-11-01 13:20 | Report Abuse

Accumulation at 23

Huat chaiii

kelvin61

826 posts

Posted by kelvin61 > 2021-11-03 07:38 | Report Abuse

At this historical record prices and RSAWIT cannot make money, its either crooks running the show or they might as well sell out for someone else to manage, cheers.

AdCool

3,864 posts

Posted by AdCool > 2021-11-03 16:13 | Report Abuse

another 3 weeks for QR. let's see if they make money or the boss cont to be cunning and impair losses.

AdCool

3,864 posts

Posted by AdCool > 2021-11-12 14:19 | Report Abuse

2 more weeks to go. Whether this counter is a sleeping dragon or a lazy dog remains to be seen.

AdCool

3,864 posts

Posted by AdCool > 2021-11-19 14:02 | Report Abuse

1 more week to go.

kfliau

1,977 posts

Posted by kfliau > 2021-11-22 10:28 | Report Abuse

Nowadays even want to earn half cent also so difficult

AdCool

3,864 posts

Posted by AdCool > 2021-11-22 17:48 | Report Abuse

Jaya Tiasa seems to be moving. Rsawit still pending for its sister companies to move first. Hold until QR which would be within a week now.

kfliau

1,977 posts

Posted by kfliau > 2021-11-23 21:56 | Report Abuse

Result out. Made 6.6 m but net profit marhin only 4.7%

AdCool

3,864 posts

Posted by AdCool > 2021-11-23 23:26 | Report Abuse

For years it didnt make any profit and this is the first ever profit for years.

kfliau

1,977 posts

Posted by kfliau > 2021-12-03 13:44 | Report Abuse

Make profit or not doesn't matter. Still back to all time low

AdCool

3,864 posts

Posted by AdCool > 2021-12-09 17:15 | Report Abuse

it s not about profit, it s about the goreng trend.

Sales

3,281 posts

Posted by Sales > 2021-12-17 10:16 | Report Abuse

Start to goreng for year end.....

Hoot9e

239 posts

Posted by Hoot9e > 2021-12-28 10:55 | Report Abuse

Meow Meow Meow

Posted by investor2021trading > 2022-01-28 11:55 | Report Abuse

boom pipi!

Posted by New_Investor92 > 2022-01-28 12:24 | Report Abuse

Those who wanted to go long for this stock just be extra careful, it seems another trend is coming. For a confirmation if you insist let the body candle break the 0.24 then i'm sure everything will go smoothly. 100% sure

Posted by investor2021trading > 2022-02-14 10:06 | Report Abuse

never ever! CPO price on 10/02/22 touched rm 5751.00 per ton.

ahbah

6,238 posts

Posted by ahbah > 2022-02-14 10:07 | Report Abuse

Rsawit ... a safe bet lah. Just get in first.

Posted by investor2021trading > 2022-02-14 10:12 | Report Abuse

on 11/02/22 touched rm5796 per ton!

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