HAP SENG PLANTATIONS HOLDINGS

KLSE (MYR): HSPLANT (5138)

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Last Price

1.75

Today's Change

+0.01 (0.57%)

Day's Change

1.74 - 1.75

Trading Volume

47,000


6 people like this.

839 comment(s). Last comment by speakup 1 week ago

Posted by StartOfTheBull > 2022-12-24 21:16 | Report Abuse

Production for October and November have improved.

i3gambler

710 posts

Posted by i3gambler > 2022-12-26 09:11 | Report Abuse

Quarterly Report: 31st December 2012:
Share Qty: 799.98m
Share Price: RM2.82
Market Cap: 2256m

Total Liability: 228m

Total Current Asset: 196m

Enterprise Value (EV) for Oil Palm Planted Area: =2256 + 228 - 196 = 2288m
Total Oil Palm Planted Area: 35551ha
EV per ha: RM64358 per ha
________________________________________________________________________________

Now, 10 Years Later:

Latest Quarterly Report: 30th September 2022:
Share Qty: 799.69m
Share Price: RM1.86
Market Cap: 1487m

Total Liability: 501m

Total Current Asset: 684m
Biological Asset: 42m
Net Total Current Asset: 684 - 42 = 642m

Enterprise Value (EV) for Oil Palm Planted Area: =1487 + 501 - 642 = 1346m
Total Oil Palm Planted Area: 35434ha
EV per ha: RM37986 per ha
________________________________________________________________________________

Discussion:
1) In 10 years time, the EV / ha reduced 59% from RM64358 to RM37986.
2) The market price (EV / ha) for Sabah Oil Palm is around RM80000.
3) Base on EV calculation, HSPLANT is very cheap.
4) The FFB production for Year 2012 is 665812mT.
5) Now, the current 12 months FFB production is 572351mT.
6) HSPLANT said the FFB production for Year 2023 would be 670000mT.
7) However, an analyst is less optimistic, and predicted 630000mT.
8) HSPLANT has 60% Dividend Policy, YTD, the EPS is 23.94sen,
9) Already paid 5sen Dividend, Can expect at least 23.94*0.6-5 = 9.36sen.



i3gambler

710 posts

Posted by i3gambler > 2022-12-26 10:13 | Report Abuse

Now, Let say HAPSENG wants to take HSPLANT private or sell it off.

1) At market price, EV / ha = RM80000,
Then the share price = (0.08*35434+642-501)/799.69 = RM3.72 / share.

2) At cheaper price, EV / ha = RM70000,
Then the share price = (0.07*35434+642-501)/799.69 = RM3.28 / share.

3) At a very cheaper price, EV / ha = RM60000, (I think very unlikely that cheap)
Then the share price = (0.06*35434+642-501)/799.69 = RM2.83 / share.

loneranger

319 posts

Posted by loneranger > 2022-12-26 23:47 | Report Abuse

The calculations are sound and clear, but not sure whether the Mr. Market buys it or not.

Posted by PureInvest > 2022-12-27 09:33 | Report Abuse

Hsplant is brewing something?

calvintaneng

55,056 posts

Posted by calvintaneng > 2022-12-27 21:53 |

Post removed.Why?

i3gambler

710 posts

Posted by i3gambler > 2023-01-05 10:25 | Report Abuse

https://klse.i3investor.com/web/blog/detail/savemalaysia/2023-01-04-story-h-301980358-Undervalued_small_and_medium_cap_plantation_firms_potential_M_A_targets

In the above article, Maybank IB said a notable privatisation candidate is Hap Seng Plantations Holdings Bhd, as it trades at an attractive EV of RM33,255 per planted hectare, a P/BV of 0.81 times, and with net cash of 54 sen per share.
_______________________________________________________________________

1) Guess the possible offer prices and EV/ha.
HSPLANT was listed in 2007, the retail and institutional IPO prices were RM2.65 and RM3.05.
Let say HAPSENG now offer to buy back at RM3.05,
Then the EV/ha = (3.05*799.69m +501m - 642m) / 35434ha = RM64900/ha,
Still 19% cheaper than the market price of RM80000/ha in Sabah.
However, the offer price RM3.05 is already 58% higher than market price of RM1.93.
Retail investors should welcome such offer.
_______________________________________________________________________

2) HAPSENG afford to offer so or not?
They are now holding 556m HSPLANT shares,
Meaning there are only = 799.69m- 556m = 243.69m shares not owned by HAPSENG.
Therefore the amount required = 3.05*243.69m = 743m
Look at HAPSENG latest balance sheet, they have about 3000m cash and money market.
HAPSENG definitely can afford to privatize HSPLANT.
Then HSPLANT has cash and money market of 499m.
After fork out 743m, then get back whole lot of 499m, the net flow out is only 244m.
244m is chicken feed for HAPSENG.






Posted by PureInvest > 2023-01-05 20:47 | Report Abuse

Good analysis and let's see how much dividends we shall get soon.

Hsplant has always been my favorite share held for long time.

Posted by eeq4311111 > 2023-01-05 20:52 | Report Abuse

Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513

Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR
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WhatsApp/Call him with this Phone Number: +2348078467513
He also have difference cure for any sickness and disease (1) HERPES,
(2) DIABETES,
(3) HIV&AIDS,
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(5) HEPATITIS B,
(6) IMPOTENCE,
(7) BARENESS/INFERTILITY
(8) DIARRHEA
(9) ASTHMA.
ETC

Posted by eeq4311111 > 2023-01-05 20:52 | Report Abuse

Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513

Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR
Visit his website https://herbalhome247.wixsite.com/mysite OR
WhatsApp/Call him with this Phone Number: +2348078467513
He also have difference cure for any sickness and disease (1) HERPES,
(2) DIABETES,
(3) HIV&AIDS,
(4) URINARY TRACT INFECTION,
(5) HEPATITIS B,
(6) IMPOTENCE,
(7) BARENESS/INFERTILITY
(8) DIARRHEA
(9) ASTHMA.
ETC

Posted by eeq4311111 > 2023-01-05 20:56 | Report Abuse

Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513

Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR
Visit his website https://herbalhome247.wixsite.com/mysite OR
WhatsApp/Call him with this Phone Number: +2348078467513

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-01-09 10:04 | Report Abuse

Hs plant

Last 3 qtrs ffb improved alot

High cash of rm498 millions will benefit from high bank int rate

At 20.5 sen dividend yield is 10%

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-01-09 10:07 | Report Abuse

High ffb benefits upstream more like hs plant, Tsh, jtiasa, thplant and bplant and Taann

Hs plant has 62.25 sen cash

Dividend will be good

i3gambler

710 posts

Posted by i3gambler > 2023-01-11 13:37 | Report Abuse

https://klse.i3investor.com/web/staticfile/view/485420

Today KENANGA maintain giving target price 2.50 to HSPLANT.

SEE_Research

4,626 posts

Posted by SEE_Research > 2023-01-27 15:41 |

Post removed.Why?

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-01-28 19:07 | Report Abuse

Ignore Time wasters

Next month we will see another generous dividend payout by Hs plant

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-02-14 12:45 | Report Abuse

FCPO Now Over Rm3900 {Hs Plant is Rspo therefore sell higher)

https://www.tradingview.com/symbols/MYX-FCPO1!/

Cost of Cpo production Rm1800 - Rm2,000

Good profit margin of Rm1900 to Rm2000

Very good dividends can be expected

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-02-20 09:34 | Report Abuse

hs plant

highest safety plant

Zero debt
Cash Rm490 million
Earns best by spot sale
premium price by Rspo
Good dividend plan
Rock solid stock
can sleep well every night holding this
highest safety plant

willc48

718 posts

Posted by willc48 > 2023-02-20 10:08 | Report Abuse

hap seng, pls help out Kevin Tan of TSH Holdings... buyover lah

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-02-20 13:06 | Report Abuse

https://www.tradingview.com/symbols/MYX-FCPO1%21/

Excellent rebound up

Now FCPO Rm4190

Cost as low as Rm1800 per ton due to Fertilizer price crashed by almost 80% & return of fruit hartesters

Gross profit over 100%
Palm oil is the most profitable industries now

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-02-21 11:41 | Report Abuse

Beautifully up

Rotationally up all palm oil shares in their turns one by one

joerakmo

725 posts

Posted by joerakmo > 2023-02-21 11:50 | Report Abuse

EV per hectare only Rm32.5k. Should be in the region Rm45k

i3gambler

710 posts

Posted by i3gambler > 2023-02-21 12:02 | Report Abuse

@joerakmo,
The market price for Sabah oil palm estate is around 80K / ha.
Can refer to a few transactions announced in bursamalaysia.com,
For example KIMLOONG bought at 80K.


joerakmo

725 posts

Posted by joerakmo > 2023-02-21 12:32 | Report Abuse

@i3
Yup,I know...undervalued

bzeew

318 posts

Posted by bzeew > 2023-02-21 16:56 | Report Abuse

Nice

loneranger

319 posts

Posted by loneranger > 2023-02-22 17:25 | Report Abuse

Where is Calvin? Where is the beautiful dividend?

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-02-22 19:14 | Report Abuse

Loneranger

Dividend is out
7 sen

Could be more
Hs plant net cash now Rm505 million or more than 63 sen a share..since debt free it could certainly give a higher dividend

Unless it is looking to buy more palm oil estates by conserving cash

Healthy

63 posts

Posted by Healthy > 2023-02-22 21:03 | Report Abuse

EPS=26.3sen ,dividend policy 60% should be 26.3 x 60%=15.78sen(AUG declared 5sen) ,should be another 10.78sen .....why only 7sen???....am i right??

joerakmo

725 posts

Posted by joerakmo > 2023-02-22 21:14 | Report Abuse

@healthy
You are absolutely right especially when they have stated dividend policy of 60%.
Shareholders should write in to the company.

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-02-22 22:05 | Report Abuse

Correct loh!

Ask for more dividends due to shareholders

Next dividend will be August 2023 and better give as promised

joerakmo

725 posts

Posted by joerakmo > 2023-02-23 09:43 | Report Abuse

HSPlnt held back 10000mt CPO as inventory; worth RM42m at todays prices

ctooi51

388 posts

Posted by ctooi51 > 2023-02-23 21:33 | Report Abuse

7sen div.. But share price - 13sen...adui

loneranger

319 posts

Posted by loneranger > 2023-02-25 00:03 | Report Abuse

Take profit when you think necessary. Don't be cheated by so called sifu or analyst. Share price is irrational. Haha.

SEE_Research

4,626 posts

Posted by SEE_Research > 2023-02-27 13:19 |

Post removed.Why?

SEE_Research

4,626 posts

Posted by SEE_Research > 2023-02-27 13:45 |

Post removed.Why?

SEE_Research

4,626 posts

Posted by SEE_Research > 2023-03-01 17:15 |

Post removed.Why?

SEE_Research

4,626 posts

Posted by SEE_Research > 2023-03-01 17:16 |

Post removed.Why?

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-03-03 13:13 | Report Abuse

FCPO NOW RM4332

Cost only Rm2000

More than 115% Profit



very good

loneranger

319 posts

Posted by loneranger > 2023-03-11 11:05 | Report Abuse

HL Bank Research highlights "Management indicated that dividend payout ratio will revert back to its normalised payout ratio of ~60% from FY23." I really wonder the management credibility, why the dividend policy can be manipulated so easily.

loneranger

319 posts

Posted by loneranger > 2023-03-11 11:22 | Report Abuse

The management is not gentlemen and trustworthy indeed, simply adjust the payout ratio when knowing that they are going to pay more dividend due to good earning.

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-03-11 11:40 | Report Abuse

Yes I think Hs Plant been giving good dividend

Now Cash is Rm505 Millions or Cash is 63 sen per share

Can give a Better Dividend by Aug 2023 qtr

Go call up Hs Plant Office and request a better dividend

Please do ask them politely & remember to complement them for such good level of Cash position now

22-Feb-2023 08-Mar-2023 DIVIDEND Second Interim Dividend RM 0.0700
24-Aug-2022 08-Sep-2022 DIVIDEND First Interim Dividend RM 0.0500
23-Feb-2022 09-Mar-2022 DIVIDEND Second Interim Dividend RM 0.1550
24-Aug-2021 08-Sep-2021 DIVIDEND First Interim Dividend RM 0.0150
24-Feb-2021 10-Mar-2021 DIVIDEND Second Interim Dividend RM 0.0550
26-Aug-2020 10-Sep-2020 DIVIDEND First Interim Dividend RM 0.0150
24-Feb-2020 09-Mar-2020 DIVIDEND Second Interim Dividend RM 0.0200
28-Aug-2019 12-Sep-2019 DIVIDEND First Interim Dividend RM 0.005
26-Feb-2019 11-Mar-2019 DIVIDEND Second interim dividend RM 0.01
28-Aug-2018 12-Sep-2018 DIVIDEND First Interim Dividend RM 0.015
27-Feb-2018 12-Mar-2018 DIVIDEND Second interim dividend RM 0.06
23-Aug-2017 07-Sep-2017 DIVIDEND First Interim Dividend RM 0.05
22-Feb-2017 07-Mar-2017 DIVIDEND Second interim dividend RM 0.08
24-Aug-2016 07-Sep-2016 DIVIDEND First Interim Dividend RM 0.03

loneranger

319 posts

Posted by loneranger > 2023-03-11 13:23 | Report Abuse

03-21725228, this is the number. Any volunteer to call HS Plantation office?

calvintaneng

55,056 posts

Posted by calvintaneng > 2023-03-16 22:24 | Report Abuse

With 63 sen cash in hand now Hs plant at Rm1.82 after less 63 sen cash is now selling at below Rm1.20

this debt free cash rich co is a tsunami shelter from crisis

Yau Yh

55 posts

Posted by Yau Yh > 2023-03-22 15:27 | Report Abuse

News on biofuels and potential of Palm Oil
https://www.theedgemarkets.com/node/660201
Buy low Sell High anyone?

loneranger

319 posts

Posted by loneranger > 2023-03-27 17:14 | Report Abuse

Calvin, please lah....please don't promote anymore. You keep promoting, the price keeps dropping.

loneranger

319 posts

Posted by loneranger > 2023-04-29 23:25 | Report Abuse

"The Group has a dividend policy of distributing approximately
60% of the total Group’s profit after tax to shareholders annually. The Board declared a total dividend of 12.0 sen per
share for FY2022 (2021: 17.0 sen) representing a pay-out ratio of approximately 46%."

This is the dividend policy statement found in annual report 2022 without any concrete reason. Anybody who attend the general meeting, please voice out to the management 'politely'.

loneranger

319 posts

Posted by loneranger > 2023-05-25 16:22 | Report Abuse

Disappointed result, net cash drops, unattractive dividend expected for next payment...

i3gambler

710 posts

Posted by i3gambler > 2023-05-26 08:35 | Report Abuse

loneranger,
Look at different angle, may be higher chance for privatization.

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