Posted by Johnzhang > 2021-10-05 08:01 | Report Abuse

CGS-CIMB securities head , Ivy Ng, said yesterday " For 2021, we are looking at an average of $3,700 per tonne...."
I must alert Miss Ivy Ng that average for Jan - Sep 2021 is already $4,150. To get your full year average for 2021 ($3,700), CPO price for Oct-dec 2021 ought to be $2,350! How likely?
Probably she is smarter than people in the industry to see CPO plunging tommorow! What a shame!

Posted by stockraider > 2021-10-05 12:15 | Report Abuse

If u buy Taann u have 30% equity exposure to sarawak plant mah!

Posted by Johnzhang > 2021-10-05 13:05 | Report Abuse

CPO is closing in to $5,000

Posted by Learner One > 2021-10-06 12:16 | Report Abuse

Laggard undervalued plantation. Any time can fly

Posted by Learner One > 2021-10-06 12:20 | Report Abuse

Pe below 8. Div 4%

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

Slow but sure up. Nobody notice this counter value.

Posted by Bgt 9963 > 2021-10-06 18:02 | Report Abuse

Plantation stock in play....!

Posted by calvintaneng > 2021-10-06 23:39 | Report Abuse

TAANN IS TOP HOLDER OF SWKPLANT

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-10-06-story-h1591934709-3_HOME_GROWN_INDUSTRIES_OF_MALAYSIA_GONE_INTO_BULL_RUN_OGSE_2019_MEDICA.jsp

Posted by Johnzhang > 2021-10-07 07:03 | Report Abuse

Just to share some historical data of past 10 years .
Plantantion share price on day closing high (H) in year 2012 were as below (adjusted for RI or BI if any)

Thplant. $2.45
Sop. $6.62
MHC. $1.46
Cepat. $1.18
Swkplt. $3.24
Taann. $4.50
Hsplant. $3.18
Bplant. $1.34
Note :Bplant H was in 2018. Listed in 2014.

CPO high was about $3,600 pmt in Mar 2012
CPO now reached almost $5,100 yesterday.
Cost of production may have increased by $200 pmt since 2012.
After factoring in the higher production cost , today 's CPO price is still about 35% higher than 2012.
On the contrary, share price for most of the plantantions companies are trading at about 30- 50% below the high in 2012. What a divergence!
I believe the share price increase yesterday is just the beginning of the recovery. Enjoy the recovery ride .

Posted by stockraider > 2021-10-07 11:14 | Report Abuse

Just buy lah!

Farmland very safe mah!

Posted by stockraider > 2021-10-07 12:44 | Report Abuse

Yes go for palmoil stock loh!

Enjoy the big benefit of profits while others keep watching loh!

Posted by joerakmo > 2021-10-08 10:05 | Report Abuse

Swkplt just reported their Sept production.FFB for 3q more than 2q by 12000mt.
EPS for 3q can possibly be between 14-16 cent giving 9 mth eps of 34 cents and full yr eps of 50 cents.

Posted by Johnzhang > 2021-10-08 12:53 | Report Abuse

I am pleased to share the projected full year (2021) EPS and the prospective PE of some of my favorite plantation counters. The Projected EPS is based on actual 1H + Q3+Q4. Q3 EPS can be estimated fairly accurately as Q3 avg CPO prices is known and production numbers are mostly available . I also make the assumption that Q4 EPS is same level as Q3 for reasons that ASP Q4 seem to be even higher and labourers for plantantion sector are coming in to maximize crop recovery. Given that Nov/Dec is usually seasonally lower crops, but the higher ASP and labour availability should be enough to offset that,
On above basis , the FY 2021 EPS and prospective PE based on yesterday closing share price as as follows:

Bplant. EPS 9.6sen , PE 7.1x
THplant. EPS 16.5sen , PE 4.4x
SOP. EPS 73.0sen. PE 5.3x
MHC. EPS 20.9sen. PE 4.5x
Cepat. EPS 13,9sen. PE 5.2x
Swkplt. EPS 48sen. PE 5.2x
Taaan. EPS 67.9sen PE 4.6x
Hsplant. EPS 23.6sen. PE 9.3X.

Historical PE for plantation counter is 15 to 25x
As such, plantation counters are seriously underappreciated by the market , especially amid poor KLSE sentiment.

Can 2021's earning be sustained in 2022?
You will be surprised!
Hope this perspective helpful for your investment decision.

Posted by Jonathan Keung > 2021-10-08 12:58 | Report Abuse

FCPO is still holding at between 4,500 -4,800 per tonne

Posted by Jonathan Keung > 2021-10-08 12:59 | Report Abuse

FCPO is still holding at between 4,500 -4,800 per tonne

Posted by stockraider > 2021-10-08 13:18 | Report Abuse

Go for Taann for better exposure loh!

Taann own more than 30% of swkplant mah!

Posted by joerakmo > 2021-10-08 14:55 | Report Abuse

@ johnzhang Bplant and THplant both have huge borrowings,Bplant sold at reasonable prices (latest qtr) but not THplant.Low or zero borrowings means can afford pay dividend.
baby elephant is INNO ,highest non glove dividend yield stock.Paid 10 cents for 1st half.

Posted by jolynce > 2021-10-08 21:50 | Report Abuse

Sold out of utdplt and joined you guys at swkplnt. Hope I made the right decision :)

Posted by Johnzhang > 2021-10-09 12:20 | Report Abuse

@ joerakmo, debts itself is not totally bad. It is bad when the company can not generte enough free cashflow to meet debt obligation. It is bad if the profit margin from the business is lower than the intetrest charge. I am not at all worried for Bplant and Thplant for the following reasons:

Bplant :. Net debt as at 30/6/21 was $1.126 mil, down by $187 mil from a year ago. The business generated about $187 mil free cashflow in 2020 and it will even be higher this year due to robust CPO. The disposal of kulai young estate will rake in $428 mil by year end . As such , the net debt will be reduced by the disposal proceed and free cash flow from 2H operation ie ($1,126 - 428 - 100) =$ 598mil. This is on assumption of no new capital investment in the year . Bplant can be debt free immediately if it decide to disposal another 600-800 ha of freehold development land which is nothing compared to the 98,212 ha of landbank it has . The debt level will not affect it's ability to pay good dividend.

THplant:. Net debt as at 31/6/21 was $1,075 mil Net cash generated from operation in 2020 was about $115mil. The company has earmarked some properties for disposal to pare down debt . The debt level is insignificant compared to the intrinsic value of the 97, 289 ha of landbank of which 81,526 ha are planted with oil palm and teak at relatively young profile.

For inno, I think the $0.10 special dividend is due to the disposal of 11% stake in Hap Seng plantantion which I think is one off. Nevertheless, inno consistently pay good dividend too.

Posted by i3gambler > 2021-10-09 13:07 | Report Abuse

In 4th quarter of Last year when the price ratio of SWKPLNT / TAANN was around 75%, I bought SWKPLNT.

August this year, when the price ratio has gone up to around 85%, I sold all my SWKPLNT and switched to TAANN.

This week the price ratio dropped to around 80%, I sold some of my TAANN and bought back some SWKPLNT.

Posted by Hush77 > 2021-10-11 16:49 | Report Abuse

this plantation company is still cheap.

Posted by joerakmo > 2021-10-11 17:11 | Report Abuse

@johnzhang
For inno, I think the $0.10 special dividend is due to the disposal of 11% stake in Hap Seng plantantion which I think is one off. Nevertheless, inno consistently pay good dividend too.

Different entities Inno corp and Inno plt

Posted by stockraider > 2021-10-12 08:25 | Report Abuse

Go for it loh!

Strong Latent upside potential mah!

Posted by Undi_PKR > 2021-10-13 12:11 | Report Abuse

Stubborn GPS/BN/PN will not help retailers? Only PKR as new govn can make RM 3?

Posted by bluelight > 2021-10-14 12:03 | Report Abuse

COP volume and price are increasing, 3Q result shall be better

Posted by jolynce > 2021-10-18 14:58 | Report Abuse

despite palm oil price at all time high, this stock still so hard to move. Sold last week and bought Tenaga at 9.69

Posted by stockraider > 2021-10-19 10:32 | Report Abuse

Investment in palmoil listed companies got many tier offensive & defensive stategy mah!

Offensive

1. benefit from high oil price reap huge profit improvement, strong cash flow generation and strong and healthy balance sheet

2. Strong dividend will be forthcoming.

3. The govt of indonesia & msia have restricted new palmoil plantation development thus limited future plantation supply in the future which is good as it will lend support to its price loh!

Defensive

1. Land has a finite supply which is a good hedge against inflation

2. Currently plantation trade at a deep undervalue thus give big margin of safety for investor loh!

3. The current of hype of ESG trend which is unsustainable....give a good sound contrarian opportunity for a very strong rebound & upside for plantation going fwd loh!

Posted by Johnzhang > 2021-10-20 05:54 | Report Abuse

https://newswav.com/A2110_qJpOCV?s=A_CGRzyOd

Posted by Johnzhang > 2021-10-20 06:36 | Report Abuse

Amid lucrative earnings , funds are pouring back to oil & gas sector . ESG issue is put at back burners temporarily.
Will foreign funds and local funds (EPF and KWAP particularly) stop selling down or even snap up plantation counters amid historic earning ?

Posted by jolynce > 2021-10-20 11:39 | Report Abuse

since I bought Tenaga at 9.69, this morning already went to 9.90. Swkplnt still lower than my selling price. Don't worry, I'm still interested in this stock but will wait to buy back lower.

Posted by Huatexpert > Oct 18, 2021 9:16 PM | Report Abuse

CPO all time high and price not move yet... it is ok to accumulate till next Q result...
Eventually, the share price will reflect the value just matter of time. Be patient in investment in share market...
TNB wont move much due to high material cost for its power plant...
TNB result wont look good for short term and same for its share price stagnant...

Posted by Johnzhang > 2021-10-20 14:24 | Report Abuse

The small cap and 2nd liners plantation counters are making good progress in their share price increase, But the big cap or counters where Sovereign funds holding significant stakes are having poor showing ! The sector overall lackluster performance (share price wise ) is predominantly due to the dampening effect of the fund continuous sell down despite robust earnings in this sector.

Counters where sovereign funds are not shareholders:
Bplant, THplant, MHC, cepat, etc

Counters with low shareholding from Sovereign funds:
Taann
HSplant
Sop
Swkpltn
For Taann and SOP, I think the funds shall complete the disposal by oct/Nov. Good chance for these counters to perform soon.

Counters where Sovereign funds hold substantially:
Simepltn.
IOI
Genp
Klk

Posted by Johnzhang > 2021-10-20 14:29 | Report Abuse

Sovereign funds I referred to are EPF, KWAP etc

Posted by Johnzhang > 2021-10-20 19:16 | Report Abuse

Today’s performance:
CPO + 2.5% $5303 (nov)

Counters without EPF and KWAP :
THplant +14.5%
Bplant. +4.9%
Mhc. +3.8%
Cepat. +1.3%

Big cap /counters with EPF/KWAP as shareholders:
Simepltn - 1.4%
IOI. - 0.74%
Genp. - 1.83%
Klk. +0.35%
Taann. - 2.74%
Swkpltn. Unchanged
SOP. +. 0.77%

I believe EPF and /or KWAP are still selling down today . Only local retailers and some corporates are absorbing the selling and that’s not enough to move price to reflect the robust fundamental of CPO .

Posted by stockraider > 2021-10-21 11:28 | Report Abuse

Go Go Go for it

Posted by sethoylo > 2021-10-21 14:04 | Report Abuse

expect announce handsome dividend next month

Posted by Bizfuneng > 2021-10-21 15:14 | Report Abuse

Price of SWKPLNT hardly moves with CPO price all this high. Great to take profit and revisit at later time end of the year.

Posted by bluelight > 2021-10-26 15:27 | Report Abuse

lag behind, time to catch up now

Posted by Johnzhang > 2021-11-02 09:16 | Report Abuse

Yesterday's statistics

FBMKLCI: 1,530.92 (-31.39)
Bursa Trade Statistics:
Local Institutions (45.5%): -RM329.3m
Local Retail (31.3%): +RM314.3m
Foreign (23.2%): +RM15.0m

From the trades , Foreigners are not worried by the cukai Makmur, local institutions are! Mind boggling!

Posted by AntiPondan > 2021-11-05 14:25 | Report Abuse

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
SARAWAK PLANTATION BERHAD

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description The information below shows the production figures of Sarawak Plantation Berhad for the month of October 2021
Product Metric Tonne
FFB 29,964.16
CPO 13,674.83
PK 3,169.11
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3206913

Posted by AntiPondan > 2021-11-05 14:25 | Report Abuse

YOY output even up?

Posted by calvintaneng > 2021-11-05 14:28 | Report Abuse

EXCELLENT
EXCELLENT

GOOD FOR SWKPLANT
ALSO GOOD FOR TAANN AS IT IS TOP HOLDER OF SWKPLANT

Posted by sethoylo > 2021-11-10 15:01 | Report Abuse

Dividend declare soon.. please surprise us your share holder for support u so long

Posted by Johnzhang > 2021-11-18 05:39 | Report Abuse

KUALA LUMPUR (Nov 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Wednesday owing to a higher overnight Chicago Board of Trade (CBOT) soybean oil market as well as expectation of stronger demand, palm oil trader David Ng said.

He told Bernama the recent export estimates by cargo surveyors point to higher demand.

Posted by cpo_ > 2021-11-19 11:58 | Report Abuse

QR soon? Today or Mon? Why down even CPO >RM 5K?

Posted by joerakmo > 2021-11-19 21:30 | Report Abuse

9mth eps 34.15sen , FYE21 would be more than 50sen.With state election coming hopefully final plus special div of 20sen or more

Posted by calvintaneng > 2021-11-20 13:25 |

Post removed.Why?

Posted by BN_better > 2021-11-22 09:34 | Report Abuse

RM 3 by Sarawak state election?

Posted by BN_menang > 2021-11-22 10:32 | Report Abuse

Best ever QR? Record share price can?

Posted by sweetpotato > 2021-11-22 10:46 | Report Abuse

well managed company with strong fundamentals. valuation is relatively low. but market worries whether or not the CPO price is sustainable & esg concerns. is plantation sector experiencing major re-rating (down)?

Posted by BN_menang > 2021-11-22 11:08 | Report Abuse

3.88 TP why nobody buy more?