Posted by chshzhd > 2020-09-29 15:16 | Report Abuse

inno the best but smaller company

Posted by Mabel > 2020-09-29 22:15 | Report Abuse

CPO prices has bottom out at RM2757 at up again at RM 2822s level .., price firming uptrend.

Malaysian has Become the Top Palm Oil Supplier to China (Malaysia even beat Indonesia World No 1 Palm Oil Producer)

Malaysia’s palm oil exports to China increased by 31.9% or 316,400 MT over last year to 1.31 million MT from January to June 2020, while Indonesia shipped 1.28 million MT of PO to China, decreased by 42.7% or 956,400 MT. As a result, PO market share commanded by Malaysia in China up to June this year rose from 30.7% held last year to 50.3%, and Indonesia’s share slid to 49.2% from 69.2% for the same period in comparison. Malaysia has become the top PO supplier once again since 2015.

Posted by Mabel > 2020-09-30 08:44 | Report Abuse

There are several risks factors on any Plantation earnings estimates, price target and rating. Key risks to the palm oil sector are:

(i) weather anomalies resulting in poorer-than-expected output growth -*Let's hope for a good weather the next coming 3 months*.

(ii) lower than-expected CPO price achieved – *On Target and currently CPO is Up trending*

(iii) negative policies imposed by import countries – *Positive*. The exemption of CPO export duty by the government of Malaysia till Dec 2020 will be positive for CPO exports (especially to India) and will help support CPO price which is expected to be under pressure in 3Q20 due to the anticipated stockpile build-up amid seasonal production recovery

(iv) unfriendly policies imposed by the Malaysian and Indonesian government on upstream or downstream segments – *Already factored on India’s move to restrict the importation of refined palm oil*. This will result in quicker build-up of MPOB stockpile when output recovers from 2Q20, and cap CPO price upside

(v) sharply lower crude oil prices which makes palm biodiesel demand not viable – *Brent has already breached USD 40*

(vi) weaker competing oil prices (like soybean and rapeseed- *On Target*. Alternative Oil Prices is on the rise which make Palm Oil very attractive.

Meow Meow Meow

Posted by power88 > 2020-09-30 09:24 | Report Abuse

Maintain sector NEUTRAL,

Top Picks: IJM Plantations, Wilmar, and
Astra Agro Lestari. The stricter lockdown of four areas in Sabah should
not have a significant impact on Malaysia’s CPO output, given the 2-week
timeframe and the continuation of palm oil operations. Should this lockdown
be extended or expanded, however, the risk to output would be more
significant, given the peak harvesting period currently.

The Government has imposed strict movement restrictions in four
districts in Sabah – Lahad Datu, Tawau, Kunak and Semporna, after over
1,000 COVID-19 infections have been reported there this month. As part of
the efforts to contain the outbreak, non-essential businesses in these areas
will be required to shut down starting 29 Sep for 14 days. Sabah accounts
for 25% of the CPO produced in Malaysia.

 Kunak district to resume operations. Initially, Kunak declared that all
palm oil estates and mills in the area were not allowed to operate during
this period. However, they have since retracted the statement and declared
that palm oil operations can now operate, but at 50% capacity. We
understand that it is up to the district officer of each district to decide on the
allowable operations in the area.

 These four areas are allowed to operate, but at 50% capacity. Based on
our understanding, plantations in all four areas are now allowed to operate,
but at 50% capacity. However, even the 50% capacity is being disputed, as
some companies have said there has been no such ruling on this cap, while
others are abiding by this for two weeks.

 As such, we would not expect too much of a disruption to output in
Sabah from this disruption. However, should the suspension of operations
be extended and expanded to other areas, there may be a more significant
impact. We have outlined the companies with landbank in the four areas in
Sabah in Figure 2.

 Based on our assessment, the company with the largest exposure to the
four Enhanced Movement Control Order (EMCO) areas is Kuala Lumpur
Kepong (15%). We understand, however, that even with operations at 50%
in the aforementioned areas, the harvesters will still be fully deployed,
particularly during this peak season. The workers involved in the less urgent
jobs like maintenance, road infrastructure and fertiliser application may be
the ones that would not be utilised during this 2-week period.

 No change to our NEUTRAL sector weighting. While we do not expect
this suspension to have a major impact on productivity, there is still a risk of
extension and expansion. This could imply that the sentiment on CPO
prices may remain elevated during this period, and any further pullback may
only happen once the uncertainties or risks are lessened.

Posted by power88 > 2020-09-30 09:24 | Report Abuse

sabah lock down..

Posted by power88 > 2020-09-30 09:26 | Report Abuse

sop target 4.20

Posted by power88 > 2020-09-30 11:22 | Report Abuse

Cpo 2700 still good

Posted by Mabel > 2020-09-30 12:18 | Report Abuse

THE HISTORY OF MABEL PALM OIL

The Palm Oil, whose scientific name is Elaeis guineensis Jacq, originates from West Africa. It were first brought into this country by the British in the 1870’s as an ornamental plant in their gardens. However, other countries were already familiar it and its uses. Among the earliest evidences of its usage were
• Traces of my ancestors found in burial urns aged 5000 years in Abydos, Egypt
• The barter of palm oil for salt centuries ago
• A lubricant for engines and in the manufacture of candles, soap and margarine in Europe during the 19 th century.

Palm Oil started to make Malaysia its home on a large scale in the 1960’s. This started when the Malaysian Government introduced a land cultivation scheme for the purpose of planting oil palm trees.The purpose of this scheme was to eradicate poverty and raise the standard of living for the rural population. Today, palm oil grows and flourish in palm oil plantations which can be found throughout the country, from Perlis to Sabah.

Posted by skyea > 2020-10-01 18:29 | Report Abuse

DG hisham say patuh SOP. but he didnt say target price.

Posted by Mabel > 2020-10-01 22:15 | Report Abuse

Well done !

Posted by selesa2020 > 2020-10-02 19:25 | Report Abuse

Quick goreng goreng goreng... Expect fantastic qtr. CPO price q 3 is the most impressive todate. Q4 , hopefully maintain, seasonal yield records indicating that , productions normally dwindled a bit in Q4.

Posted by power88 > 2020-10-08 16:29 | Report Abuse

cpo 2890

Posted by Mabel > 2020-10-09 19:23 | Report Abuse

CPO Prices for March to May was Between RM2,100 to RM2,300

From June to August CPO prices have gone up to between RM2,400 and RM2,600

SO IT IS BENEFITTING FROM CPO PRICE SURGE (AND TODAY CPO TOUCHES RM3,000 (OCTOBER 9th 2020)

Meow Meow Meow

Posted by johoran > 2020-10-09 21:25 | Report Abuse

At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.

Prices advanced for a fifth day and have climbed almost 8% this week.

At 3pm, CPO for third month delivery was up RM48 to RM2,936 per tonne, the highest since Sept 22.

Futures are also supported by dry weather in Brazil, which threatens the soybean crop and is bolstering prices of rival soybean oil.

“Sentiment has been underpinned by good demand and prospects of higher exports to China and India, ” said Gnanasekar Thiagarajan, head of trading and hedging strategies at Kaleesuwari Intercontinental. Weather concerns in Brazil are adding to this, he said.

India’s palm oil imports are seen rising to 8.85 million tons in 2020-21 from 8 million tons a year earlier, Thomas Mielke, chief executive officer of Oil World, said in an online seminar Thursday.

Palm oil prices will depend entirely on the performance of Indonesia’s biodiesel mandate to blend 30% of palm-biofuel with 70% diesel, known as B30, according to veteran analyst Dorab Mistry, a director at Godrej International.

Palm’s premium over gasoil has surged in recent months, making mandatory biodiesel programmes much more expensive to run.- Bloomberg

Posted by johoran > 2020-10-11 11:07 | Report Abuse

KUALA LUMPUR (Oct 10): Exports of Malaysian palm oil products for Oct 1-10 rose 13.3% to 535,552 tonnes from the 472,780 tonnes shipped during Sept 1-10, according to independent inspection company AmSpec Agri Malaysia on Saturday.

Posted by daretocutandchange > 2020-10-11 11:38 | Report Abuse

looking for low pe oilpalm stocks?bumitama 48.5cts(p8z.sg)half year eps 2.3cts.sg and watch out sarawak plantation,after ta ann took over the management,the efficiency increase dramatically to boost up it net margin.be patient........

Posted by Gabriel Khoo > 2020-10-11 17:59 | Report Abuse

SOP has better margin going forward. watch out. management has said b4. their ultimate goal is to drive the margin expansion tru quality palm oil product. no longer focus much on volume although they output is still on uptrend and rank no 6 in malaysia

Posted by power88 > 2020-10-12 08:29 | Report Abuse

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-10-story-h1534582167-TOP_10_REASONS_WHY_PALM_OIL_STOCKS_MIGHT_GO_UP_IN_A_POWERFUL_BULL_RUN_C.jsp

Posted by enning22 > 2020-10-13 15:43 | Report Abuse

stock,or inventary ,for palm oil and soyabean ,all said to be at 5 year low,and price hit 5 year high, all seen positive trend, for at least for another year.

Posted by johoran > 2020-10-16 21:54 | Report Abuse

SOP

Q1
FFB CPO PRICE REVENUE
Jan-20 99,711 32,766 2004 65,663,064
Feb-20 105,828 33,173 1917 63,592,641
Mar-20 101,527 29,533 2107 62,226,031
TOTAL 307,066 95,472 191,481,736
Profit=71m
EPS=12.47


Q2
Apr-20 107,627 31,281 2299 71,915,019
May-20 113,066 32,889 2074 68,211,786
Jun-20 123,951 33,897 2411 81,725,667
TOTAL 344,644 98,067 221,852,472
Profit=38m
EPS=6.72


Q3
Jul-20 128,325 35,626 2519 89,741,894
Aug-20 130,964 37,808 2825 106,807,600
Sep-20 134,909 38,079 2924 111,342,996
TOTAL 394,198 111,513 307,892,490

Estimate Q3
Revenue up 38.78% = 86 m
Production up 13-14%
Price up 20-25%
Profit = 90-100m
EPS=15

Share price target
EPS=12.47+6.72+15+15=49.19 sen
PE=14x49.19=RM 6.88
16/10/2020 8:19 PM

Posted by Max88 > 2020-10-16 22:05 | Report Abuse

SOP cantik. Strong cash flow.

Posted by power88 > 2020-10-16 22:52 | Report Abuse

Share price belum cantik

Posted by Investorrr > 2020-10-17 11:47 | Report Abuse

those who hv bought SOP could laugh to the internet banking next year as SOP so cheap with high EPS .if based on 24x2021 PE..sop could go as high as rm11-rm12
..only proplem is the stock less liquid .

Posted by Gabriel Khoo > 2020-10-17 16:45 | Report Abuse

yes. margin expansion not only due to high CPO price but moving towards quality of palm oil products and high margin products as Management emphasized during last corporate presentation organized by RHB.

Posted by selesa2020 > 2020-10-19 14:27 | Report Abuse

Base on Qtr 3 CPO price, Sop should make over RM80mil this qtr.

Posted by selesa2020 > 2020-10-19 14:30 | Report Abuse

Looking forward to an outstanding qtryly result.

Posted by power88 > 2020-10-19 18:42 | Report Abuse

at least 80m.....

Posted by power88 > 2020-10-19 18:43 | Report Abuse

share price still undervalue

Posted by LuckyG > 2020-10-20 10:07 | Report Abuse

enjoy collecting !

Posted by Newbieinshare > 2020-10-21 13:12 | Report Abuse

CPO ranging 2800-3000..... but nobody interested in plantation stock. Tak apa. i senyap senyap sapu

Posted by selesa2020 > 2020-10-21 13:16 | Report Abuse

Boss, sekarang musin sarung tangan dan vaccines, mana mana syarikat yg berkaitan org berminat goreng habis habisan. MASING BELUM BUAT LAGI SUDAH SAMPAI BULAN. Counter sawit bukan utk org org muda skg.. mereka kata, ini tak in lagi.

Posted by selesa2020 > 2020-10-21 13:19 | Report Abuse

Kalo ada duit, senyap senyap sapu... Nanti untung kuat, sampai poket berpecah belah.

Posted by power88 > 2020-10-21 19:36 | Report Abuse

yes...200mil..SOP bonus issue

Posted by LuckyG > 2020-10-21 20:58 | Report Abuse

Free warrant also lah... Can collect money to cut debt or expansion in future.

Posted by enning22 > 2020-10-26 17:19 | Report Abuse

KUALA LUMPUR (Oct 26): Exports of Malaysian palm oil products for Oct 1-25 rose 7.1% to 1,412,361 tonnes from 1,319,405 tonnes shipped during Sept 1-25, according to independent inspection company AmSpec Agri Malaysia on Monday.


https://www.theedgemarkets.com/article/malaysias-oct-125-palm-oil-exports-rise-71-%E2%80%94-amspec-agri

Posted by Gabriel Khoo > 2020-11-03 02:20 | Report Abuse

Zero export tax likely to extend

Posted by enning22 > 2020-11-03 15:53 | Report Abuse

windfall tax is ridiculous, should not be introduced ,at all,not in any form.

Posted by LuckyG > 2020-11-03 16:38 | Report Abuse

volume growing

Posted by Gabriel Khoo > 2020-11-03 18:43 | Report Abuse

glove spend for capex...benefit their supply chain...but gdp + tax meanwhile, to stay competitive in global market

Posted by LuckyG > 2020-11-05 16:58 | Report Abuse

owner also dont want the price to go up . what can we do ????

Posted by jojo85 > 2020-11-05 19:40 | Report Abuse

Be patient guys..

Posted by Mabel > 2020-11-05 22:39 | Report Abuse

Congrats to all SOP Supporters

Fantastic Day for all Farmers..

Prevailing CPO Price as of yesterday is RM 3354. Cost of producing is between RM 1500-1800. This will be good for our farmers. So we expect more movements in this counter due to feel good effect on the latest Indian FGV Oil Palm Contract, Bullish FCPO (Jan FCOP has already breaches RM 3,144), current CPO prices plus the feel good effect of 2021 Budget which will be tabled tomorrow.

Well done Everyone !

Meow Meow Meow

Posted by johoran > 2020-11-06 07:49 | Report Abuse

owner collect below 3.6

Posted by enning22 > 2020-11-07 18:13 | Report Abuse

Budget，no winfall tax, good for plantations

Posted by Jonathan Keung > 2020-11-09 12:42 | Report Abuse

3 %Windfall tax for both East Malaysia { at 3,000 } West Malaysia ceiling at $2,500 per tonne. whereas Indonesia imposed export levy at USD 50 per tonne

Posted by Plantermen > 2020-11-09 13:01 | Report Abuse

Cpo on a rising trend. Cpo now sitting at 3,400 per tonne

Posted by johoran > 2020-11-09 13:16 | Report Abuse

3.71

Posted by enning22 > 2020-11-09 14:02 | Report Abuse

Windfall tax: Levy charged is at a rate of 3% on palm oil prices above RM2,500 / tonne in Peninsular Malaysia and at a rate of 1.5% on palm oil price above RM3000 / tonne in Sabah & Sarawak ​​

http://www.customs.gov.my/en/pg/Pages/pg_pwt.aspx

Posted by jojo85 > 2020-11-09 18:58 | Report Abuse

Utdplt qr qoq drops..

Posted by Plantermen > 2020-11-12 07:09 | Report Abuse

Expect SOP earnings to grow YoY { uptrend of CPO}