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
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.
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
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.
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!
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.
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
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....
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