Posted by Jonathan Keung > 2021-01-11 20:17 | Report Abuse

Price at their 7-8 years high

Posted by Mabel > 2021-01-11 21:44 | Report Abuse

OIL PALM PLANTATIONS TO OPERATE AS NORMAL IF MCO IS RE-ENFORCED - Bernama
11-Jan-2021 04:14:12 PM

KUALA LUMPUR, Jan 11 (Bernama) -- The Ministry of Plantation Industries and Commodities (KPPK) has given an assurance that oil palm plantations will be given permission to operate as usual if the government implements the Movement Control Order (MCO) 2.0.

Minister Datuk Dr Mohd Khairuddin Aman Razali said this was important to ensure that palm oil production was not interrupted and the country could continue its commodity exports to the rest of the world.

"We have gone through the MCO 1.0 phase in March 2020 and today we have been through it for almost one year. Of course, we have learned the best way for us to manage the plantations more prudently.

"Besides that, workers in oil palm plantations have always practised social distancing and their jobs require them to distance themselves. Hence, the spread of COVID-19 can be avoided," he told a press conference in conjunction with the Palm Oil Economic Review & Outlook (R&O) today.

Mohd Khairuddin said his ministry was optimistic that the palm oil trade performance would be better this year due to the positive forecast of the country's economy, as well as productivity, which is expected to increase due to good agricultural practices that formed the basis of the Malaysian Sustainable Palm Oil (MPSO) certification scheme.

He said as at Dec 31, 2020, a total of 5.2 million hectares or 88.25 per cent of the 5.9 million hectares under oil palm cultivation in Malaysia have obtained the MSPO certificates.

A total of 434 mills or 96.02 per cent of the 452 palm oil mills have also obtained the MSPO certificates.

Meanwhile, he said Malaysia has decided to file legal action with the World Trade Organisation (WTO) against the European Union's (EU) restrictions on palm oil-based biofuel

Posted by selesa2020 > 2021-01-11 22:24 | Report Abuse

Tough la this counter, CPO price consistently over 3.5 k for many weeks still not touching 5. When cpo price drops slightly, then panic run. Apalah ni. Ini mcm bila sampai ke Bulan boss?

Posted by selesa2020 > 2021-01-11 22:25 | Report Abuse

Engine sop ini Tak kuat langsung.. bagilah turbo..

Posted by enning22 > 2021-01-12 01:11 | Report Abuse

-MPOB expects palm oil exports revenue to reach RM74 bil
------------------------------------------
KUALA LUMPUR (Jan 11): Export revenue from palm oil and palm oil products this year is expected to increase by 2.4% to RM74 billion versus the RM72.30 billion recorded in 2020, said the Malaysian Palm Oil Board (MPOB). Director-general Dr Ahmad Parveez Ghulam Kadir said crude palm oil (CPO) production is likely to go up by 2.9% to 19.70 million tonnes from 19.14 million tonnes last year, while stock is expected to jump 58.7% to two million tonnes against 1.26 million tonnes. “Palm oil exports will improve 0.7%to 17.50 million tonnes, from 17.37 million tonnes. Despite experiencing various hurdles domestically and globally, the Malaysian palm oil industry has successfully adapted to the new norms. “The year 2021 is expected to bring a brighter prospect for the Malaysian oil palm industry with all the key indicators of the industry projected to show better performance,” he said during a virtual Palm Oil Economic Review & Outlook (R&O) Seminar organised by MPOB today. 广告 He said together with the Ministry of Plantation Industries and Commodities and other related agencies, the MPOB will continue to work closely with industry players in facing the ongoing challenges for the sustenance of the Malaysian oil palm industry. In regard to the CPO price, he predicted that the outlook for 2021 was going to be firmer, averaged at RM3,000 per tonne. Still on price outlook, Singapore-based Palm Oil Analytics owner and co-founder, Sathia Varqa said CPO futures trading would be dominated by lower production and low stocks in the country. “Price supported at RM3,500-RM3,800 per tonne up until middle of February. Prices will ease to RM3,200-RM3,400 per tonne from March 2021,” he said. He also predicted the sector’s production and exports to increase but said this may be affected should the government impose another movement control order due to the high number of Covid-19 cases in several states. He foresees positive demand prospects for Malaysian palm oil in the first quarter, especially from India and China — two key destination markets which are currently understocked.

Posted by Plantermen > 2021-01-12 07:49 | Report Abuse

Restocking during Dec-Feb CNY festive period {bolster and up demand in China} . China celebrate their CNY golden week holidays from 11/2 - 18/2

Posted by enning22 > 2021-01-12 16:03 | Report Abuse

KUALA LUMPUR (Jan 12): After Malaysia’s crude palm oil (CPO) inventory declined to a three-and-a-half-year low of 1.26 million tonnes in December 2020 from 1.56 million tonnes in November, analysts believe a seasonal production uptick, coupled with weaker export demand, will help replenish stocks and consequently drive prices down. In a note, MIDF Research projected CPO prices will continue to increase in the first quarter of 2021 (1Q21) on the back of anticipated supply tightness and higher export demand. However, it presumes CPO prices will soften in the second half of this year (2H21) due to better production levels and lower export demand.   It set its CPO target price at RM2,700 level per tonne this year and maintained its “neutral” stance on the sector.   Advertisement The average CPO spot price increased by 6.1% month-on-month (m-o-m) to RM3,650.98 per tonne in December 2020, mainly in view of possible supply tightness on a low inventory level, recovery in export demand, anticipation of lower production due to labour shortage and the monsoon season. Meanwhile, Hong Leong Investment Bank (HLIB) Research analyst Chye Wen Fei also concurred that the palm oil stockpile will likely remain at a low level in the coming months, which will see CPO prices remain elevated at above RM3,000 per tonne until end-1Q21. “Beyond 1Q21, we anticipate CPO prices to soften on the back of a better supply outlook for major edible oils (based on assumptions that the labour shortage in Malaysia will gradually ease from 2021 and La Nina does not strengthen further), which will result in more balanced demand-supply dynamics,” said Chye. Chye also has a “neutral” call for the sector as the research house believes current high CPO prices will not be sustained over the longer term. Hence, it maintained its CPO price assumptions of RM2,700 per tonne for 2020 to 2022. For exposure, Chye said HLIB’s top picks are Hap Seng Plantations Holdings Bhd ("buy"; target price [TP]: RM2.17), IJM Plantations Bhd ("buy"; TP: RM2.29) and TSH Resources Bhd ("buy"; TP: RM1.38). On a side note, after the movement control order (MCO) enforcement announcement by Prime Minister Tan Sri Muhyiddin Yassin yesterday, MIDF Research remained cautious about the production level due to a lower workforce as well as standard operating procedures (SOPs) in work areas. A lack of labour would lead to delays in harvesting activities, impacting the quality of fruit bunches. Nonetheless, it opined that the enforcement of the MCO is unlikely to have much impact on the plantation sector as it is categorised as an essential economic sector and allowed to operate. Lam Jian Wyn

Posted by Plantermen > 2021-01-13 11:32 | Report Abuse

Analyst has not fathom in the floods that hit Sabah, Johor, Pahang and parts of Perak area. rotting fruits bunches will impact production and affect the estate's Oil per ha

Posted by Gabriel Khoo > 2021-01-19 13:20 | Report Abuse

275m

Posted by EngineeringProfit > 2021-01-19 22:37 | Report Abuse

Close to 300mil, huh

Posted by Jonathan Keung > 2021-01-20 07:59 | Report Abuse

Coming Qtr result plantation companies all positive

Posted by TheSecret > 2021-01-29 09:11 | Report Abuse

https://www.bursamalaysia.com/market_information/derivatives_prices

Posted by Johnzhang > 2021-01-31 12:04 | Report Abuse

To me Sop is one of the best managed mid size plantations with capable teams of senior management. By next qtr, Sop will be a net cash company and hope that the company will reward shareholders with higher dividend . The company generate huge amount of free cash every year.

Posted by Jonathan Keung > 2021-02-04 19:25 | Report Abuse

SOP ceiling resistance is at betw 4.30 -4.35.tried to break the resistance but retraced back subsequently

Posted by Johnzhang > 2021-02-06 19:35 | Report Abuse

Need strong results and higher dividend to reach IB's TP of over $5/-

Posted by Hoo SH > 2021-02-17 22:35 | Report Abuse

waitting good result at the end of month...

Posted by oinkoink > 2021-02-18 17:01 | Report Abuse

look at the weather forecast for the next 2 weeks and you can see that the flood will still be there. plants will be destroyed and will take them quite sometime to produce again. i wouldnt vested in this stock, just sharing.

Posted by Johnzhang > 2021-02-19 13:03 | Report Abuse

I don’t know if the flood is affecting SOP. If there is , it only involve very small area of the lowlying estate. SOP is big enough to weather the impact if any of their estate is affected. Don’t let this insignificant event worry you to much and you will overlook the robust earning arising from very high CPO price today.

Posted by Plantermen > 2021-02-25 18:18 | Report Abuse

Flooding in parts of Sabah and Sarawak { are yearly occurrence} oil palm trees are hardy plants. 1 - 2 weeks of water logged areas minimal damages { unless young plantings} just my 2 sen view

Posted by cheechia_g > 2021-02-25 18:57 | Report Abuse

Gg liao

Posted by changyl > 2021-02-25 21:32 | Report Abuse

https://www.theedgemarkets.com/article/sarawak-oil-palms-buys-land-rm115m-construct-office

Posted by johoran > 2021-02-25 23:19 | Report Abuse

tomorrow gap down...below 4.00

Posted by Johnzhang > 2021-02-26 19:35 | Report Abuse

Below expected 4th Q results is due to $30+ million loss in derivatives. I think SOP sold at lower price in the future market and unexpectedly CPO climbed higher . Sop has to book the loss which is the price difference . It’s an accounting entries . Next qtr result will be much better ..

Posted by Johnzhang > 2021-02-26 19:37 | Report Abuse

Hedging in future market sometimes you gain something lose. No big deal .

Posted by bwho > 2021-02-26 21:18 | Report Abuse

having in this trade for so long yet SOP failed to impress, poor management only words to describe

Posted by bwho > 2021-02-27 07:39 | Report Abuse

Prospect The performance of the Group would continue to be driven by the FFB production and palm products price movement which is dependent on the world edible oil market, movement of Ringgit Malaysia and economic situation. By rights after announcing the result ending DEC now already almost two months plus for the next Q they should know abotr the performance yet they still blaar blaar about the future .very disappointed with SOP manangment

Posted by Johnzhang > 2021-02-28 12:24 | Report Abuse

bwho, it is usual for Management to play safe to issue neutral statement. Measure management quality by the track record in profitability.

Posted by ming > 2021-03-01 01:48 | Report Abuse

malu eh.. expert but fail in the pro field..

Posted by Jonathan Keung > 2021-03-01 18:56 | Report Abuse

bets on derivative caused negative losses. Difference betw average selling price vs forward position

Posted by selesa2020 > 2021-03-01 22:36 | Report Abuse

Boss, if measure mgmt by profitability , I would say UP is > 2x more capable than sop. Up with land bank of 40 ha, their profits always 2x or higher than this East MYS snail.

Posted by selesa2020 > 2021-03-01 22:40 | Report Abuse

Talking about derivative, you could cross check how KLK could squeeze over 1xx mil profit in their oleo chemical operation in q4 alone, why sop combined only 45? Come on, cpo price in Q4 near 1k margin per tonne, compared to Q3. If not now when? Wait till cpo drop back to 1.8k then talk profit ? Apa lah...

Posted by selesa2020 > 2021-03-01 22:40 | Report Abuse

Bunch of jokers in the mgmt team.

Posted by Gabriel Khoo > 2021-03-05 00:14 | Report Abuse

Be patient...

Posted by bluered > 2021-03-05 00:26 | Report Abuse

8 rgt liao

Posted by Plantermen > 2021-03-05 08:36 | Report Abuse

SBO hit another record high. Trading above 53 cents per bulb

Posted by Jonathan Keung > 2021-03-05 10:19 | Report Abuse

IB and fund's called for overweight on plantation counters after CPO prices traded 44% higher Y-O-Y { but most counters still lethargic hardly moved }

Posted by Johnzhang > 2021-03-06 16:26 | Report Abuse

Plantation companies will report excellent yoy Q1 and Q2 2021 results. The IBs will upgrade the Outlook and TP for plantations companies. The Media will have a lot of positive news to report.

Posted by Gabriel Khoo > 2021-03-07 18:40 | Report Abuse

MBB:-

Looking forward to an even better year in FY21

FY20: Posted one of its highest profits in history
4Q20 core PATMI would have been MYR58m if not for accounting FV loss on derivative FI (MYR39m). Despite this, SOP posted one of its highest core PATMI in history in FY20 (MYR197m; +139% YoY). Positively, the FV
loss will likely reverse in FY21E. Coupled with higher CPO ASP, we expect SOP to deliver 16% EPS growth for FY21E. Trading at just 10x PER, we maintain our BUY on SOP with a higher TP of MYR5.59 on 14x 2021 PER
peg, its updated historical 5Y mean (from MYR5.36 on 15x 2021 PER).

4Q20: Core results hurt by FV loss on derivative FI
4Q20 core PATMI of MYR19m (-59% YoY, -72% QoQ) brings 12M20 core
PATMI to MYR197m (+139% YoY), which met just 84%/81% our/street full-
year forecasts – below estimates. Key surprise in 4Q20 was the MYR39m
in accounting FV loss on derivative FI and a share of JV losses (MYR12m).
Otherwise, its full-year results would have been within expectations.

FY20: Benefitted from higher palm oil prices
FY20 strong earnings growth was mainly driven by high palm oil products prices (MYR2,779/t; +29% YoY) and PK prices (MYR1,862/t; +28% YoY) as FFB output was just a tad higher (+1% YoY). While it is unclear how SOP’s
downstream performed, we believe it would have had a small positive contribution if not for the overall FV loss on derivative FI of MYR12m in FY20. As for cost, we estimate SOP’s FY20 all-in operating cost of production to be slightly higher at MYR1,549/t (+4% YoY).

FY21-22E EPSs raised by 12%/6%
For FY21E, SOP guides for +7-10% YoY FFB output growth (MKE: +7% YoY). And incorporating our higher industry-wide CPO ASP forecasts of
MYR2,700/t (from 2,500/t) for 2021, and MYR2,600/t (from 2,500/t) for 2022, we raise our FY21-22E core EPS by 12%/6%. We believe the present high CPO ASP will more than offset the challenging downstream
environment. We introduce our FY23E forecast. As for dividend, SOP will declare a final DPS closer to its AGM date.

Posted by Jonathan Keung > 2021-03-08 08:07 | Report Abuse

Good write up but SOP failed to sustain .price drop from 4.20 down to current 3.70 { despite CPO hitting Y-o-Y high

Posted by selesa2020 > 2021-03-09 17:52 | Report Abuse

When price slide back to below RM3k , sop also < 3.00

Posted by selesa2020 > 2021-03-09 17:52 | Report Abuse

We shall see

Posted by mike > 2021-03-09 19:58 | Report Abuse

CSPO standard was first developed by the Sabah government in 2015 and is a 10-year plan that involves all types of land including alienated, gazette, state land and agroforestry forest reserves.

Posted by Plantermen > 2021-03-09 20:30 | Report Abuse

All u need is a big fella gang link up with an estate group operator "goreng goreng" plantation shares fly. PNB, Khazanah, TH, Mara, Felda, Risda,LTAT, SLDB. Pls read this

Posted by Gabriel Khoo > 2021-03-11 11:04 | Report Abuse

4

Posted by gemfinder > 2021-03-11 17:03 | Report Abuse

sold some 4.21. TQVM

Posted by Johnzhang > 2021-03-11 17:25 | Report Abuse

TP $6.00

Posted by Plantermen > 2021-03-11 18:05 | Report Abuse

Plantation sector was the most unloved and underrated sector for the past 10 - 12 months { despite CPO prices trending higher and companies reporting higher profit for the past 1 or 2 qtr} valuation still based on average $2400 - 2600 mark

Posted by hazli > 2021-03-12 22:45 | Report Abuse

Malaysia to increase palm oil exports to Saudi Arabia
BENTONG (March 12): Malaysia will increase its palm oil exports to Saudi Arabia from 300,000 tonnes to 500,000 tonnes worth approximately RM1 billion.
Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said the volume was increased following Prime Minister Tan Sri Muhyiddin Yassin's visit to Saudi Arabia recently.
It is among the accomplishments following the Prime Minister's visit to Saudi Arabia other than the growth in demand for palm oil in that country throughout the Covid-19 pandemic,” he told a press conference in conjunction with the National Immunisation Programme registration campaign for the plantation sector today.
He also revealed that the Ministry would open a regional office in Jeddah, Saudi Arabia soon.
It is to further expand our opportunities for the commodity in the African and Middle Eastern markets and we see Jeddah as the best hub. With the establishment of such office, hopefully our palm oil could be further marketed internationally,” he said.
Meanwhile, Mohd Khairuddin said his Ministry is negotiating with the Ministry of Home Affairs and Ministry of Human Resources to secure foreign workers for the plantation sector which is in desperate need of manpower.
He noted that there are currently more than 250,000 foreign workers in the plantation sector with some having returned to their respective countries upon expiry of their permits.
He said his Ministry will propose measures for the plantation sector particularly in regard to standard operating procedures as a reassurance in recruiting about 32,000 more foreigners as harvesters.
If we can get 32,000 of these harvesters, that will be another RM5 billion in palm oil-related income towards our RM75 billion target for this year.
At the same time, we hope that locals would also venture into plantation which provides many benefits such as free housing,” he said.
Earlier, Mohd Khairuddin spent some time visiting the living quarters of FGV Holdings Berhad's workers and palm oil mill in Mempaga here.

Posted by Plantermen > 2021-03-15 08:30 | Report Abuse

SOP below par unable to scale higher despite record High Cpo prices

Posted by Mabel > 2021-03-17 08:03 | Report Abuse

FCPO Uptrend still in progress after hitting RM 4,144 yesterday. Fantastic period for all Plantation Investors

Meow Meow Meow