Posted by calvintaneng > 2023-11-20 20:34 | Report Abuse

HS PLANT latest result

Profit 4.73 sen

60% payout from profit will be 2.83 sen

Since Hs Plant got net cash of 60 sen (just take out 5 sen for dividend)

If BOD wants to Hs Plant can easily give another 7.83 sen dividend

Posted by speakup > 2023-11-21 07:49 | Report Abuse

profit not from operations but from accounting : https://theedgemalaysia.com/node/690639

Posted by loneranger > 2023-11-21 11:19 | Report Abuse

The profit is mainly due to fair value adjustments gains of biological assets. I hope Calvin can take action instead of using mouth only to ask Hsplant management to pay more dividend.

Posted by loneranger > 2023-11-23 10:56 | Report Abuse

Aminvest target price RM 2.30. Kenanga target price RM 1.70. All these investment banks are fooling investors. Haha.

Posted by Dehcomic01 > 2023-11-24 08:12 | Report Abuse

From a ROE perspective, the return of Hap Seng is in between that of KLK and BPant. It is better than BPlant but not as good as KLK. These are my 2 reference Bursa Plantation companies where I have detailed fundamental analysis. https://www.youtube.com/watch?v=9KhboTCMdEg
The comparative ROE trend and share price trend shows a good link. Prices are currently low relative to the ROE. If you are hunting for stocks with price-fundamental discrepancy to invest in, this is one company worth a deeper look. https://i.postimg.cc/CKnbFHHm/Hap-Seng-Plantation.png

Posted by Income > 2023-12-10 15:02 | Report Abuse

I really like reading your comments about the market. You literally doing basic things just to be a profitable. You don't need those a lot of strategy because the more important thing in this trading career is how you will think and react on the markets. Thank you

Posted by Dehcomic01 > 2023-12-13 08:42 | Report Abuse

I just received my Independent Advice Circular on the mandatory takeover offer for Boustead Plantation.
The thing that stood out was that the Revised Asset Value of Boustead Plantation was estimated at RM 2.60 per share. Contrast this with its Book Value of RM 1.29 per share. You can see that the Revised Asset Value is double the Book Value
Going by this metric, can you take the Book Value of all the Bursa Plantation companies as the floor value? https://www.youtube.com/watch?v=9KhboTCMdEg Or at least this applies only to those with large plantation land in Malaysia rather than in other countries.
By this measure would Hap Seng Plantations with its share price of RM 1.75 per share be cheap given its Book Value of RM 2.41 per share?
Having said that, Asset Value provides psychological comfort as companies are not going to sell their assets and return the monies to shareholders. Instead, even the ones with incompetent management will try to run the business (and of course in the process destroy shareholders value).
Furthermore, shareholders cannot depend on luck by hoping that the company will be acquired by another.
Moral of story? I still prefer to rely on Earnings base valuation

Posted by Income > 2023-12-13 17:41 | Report Abuse

Planting stops next year. Sad

Posted by yfchong > 2023-12-25 18:42 | Report Abuse

Any one can share what is the ex mill cost. ?
Which plantation performs better ? We check OER ke. Or gross profit leh

Posted by loneranger > 2023-12-29 19:45 | Report Abuse

The most silent stock.

Posted by speakup > 2023-12-30 09:40 | Report Abuse

Swkplnt is better than Hsplant

Posted by calvintaneng > 2024-01-04 20:50 | Report Abuse

Next month Hs plant expected to give another nice dividend

Posted by investor77 > 2024-01-05 16:45 | Report Abuse

Todays Star commented Parent HSeng already owns around 70 %. So may take over HSPlant as it is cash rich, to help pare its billions in debts. Moreover, good share.

Posted by speakup > 2024-01-05 17:58 | Report Abuse

10 years ago already heard this takeover story. Still nak main broken record ke?

Posted by yfchong > 2024-01-05 20:29 | Report Abuse

Ok lar kalau ada dividend

Posted by loneranger > 2024-01-07 17:23 | Report Abuse

Calvin, how much dividend Hsplant will give this time?

Posted by calvintaneng > 2024-01-08 08:11 |

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Posted by loneranger > 2024-01-09 21:20 | Report Abuse

Hsplant will only give 7 cents dividend this time...

Posted by calvintaneng > 2024-01-12 11:39 |

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Posted by calvintaneng > 2024-01-23 17:59 | Report Abuse

Govt to allow plantation sector to hire foreign workers, says Johari Ghani

https://theedgemalaysia.com/node/698335

GREAT NEWS

ONLY PLANTATION COMPANIES ARE ALLOWED TO RECRUITE FOREIGNERS AS WORKERS (OTHER INDUSTRIES NOT ALLOWED)

FOCUS NOW ON PLANTATION SECTORS

Posted by calvintaneng > 2024-01-23 18:14 | Report Abuse

HS PLANT

GOOD DIVIDEND NEXT MONTH SOON

https://www.youtube.com/watch?v=OPsW1FF7vlw

Posted by loneranger > 2024-01-23 20:14 | Report Abuse

Save your energy lah, the most is 7 cents lah.

Posted by calvintaneng > 2024-02-07 21:14 |

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Posted by loneranger > 2024-02-27 19:03 | Report Abuse

Calvin, where is the generous dividend? Your prediction is very lousy... Hahaha.

Posted by PureInvest > 2024-02-27 20:27 | Report Abuse

Total NPAT for FY' ending 31-12-23 is RM91.369M.
Dividend Policy of 60% of NPAT = RM91.369 x 60% = RM54.82M.
Dividend per share = RM54.82/800M = RM0.0685.
!st Dividend Paid = RM0.0150.
2nd Dividend Payable = RM0.0685 - RM0.0150 = RM0.0535 which is rounded up to RM0.053.

Posted by PureInvest > 2024-02-27 20:45 | Report Abuse

In view of the 40% NPAT amounting to RM36.547M retained as 60% NPAT amounting to RM91.369M to be paid on 27-03-24, the Net Cash position has increased from RM505.921M (FY ending 31-12-22) to RM531.504M (FY ending 31-12-23).

With new FY'2024 continuing with good operating profit provided CPO stays well above RM3,800.00/ton, Hsplant will continue to improve in its financial performance.

Posted by loneranger > 2024-02-27 21:09 | Report Abuse

Yes, Hsplant is cash rich company and it's financial performance has improved a lot, but this is nothing to do with minor shareholders.

Posted by calvintaneng > 2024-02-27 21:25 | Report Abuse

Cash up from Rm480 millions to Rm530 millions

Net cash increased from 60 sen to 66 sen

Since Hao Seng Consolidated owns 70% of Hs Plant they also in same position as minority shareholders
As long as Cash remain in Company it is ok plus they parked most in money market funds to get higher yield

Posted by loneranger > 2024-02-27 22:06 | Report Abuse

Meaning to say you own it, but you don't have it. People are in heaven, money is in the bank.

Posted by calvintaneng > 2024-02-27 23:06 | Report Abuse

Can also say the same about people buying Berkshire Hathaway by the Great Sifu Warren Buffet which never even give one cent dividend as he said dividend is taxable

Posted by loneranger > 2024-02-28 06:35 | Report Abuse

Hahaha, dividend in Malaysia is not taxable. And I thought you previously said Hsplant is a good dividend stock.

Posted by Pinky > 2024-02-28 11:47 | Report Abuse

calvin ni, shifting goal post wan 😁😂🤣

Posted by calvintaneng > 2024-02-28 12:34 | Report Abuse

Hahaha Pinky
I no shift lah
disappointed as they only give 5.3 sen dividend and keeping extra 6 sen to increase cash from 60 sen to 66 sen

Should have taken out another 10 sen cash to give extra special dividend

in any case the Chinese said

"if you can keep 🍏 green mountain you will not be afraid if there is no wood for making fire

now we await Taann, Thplant and Jtiasa results and see how much dividend they give

Posted by loneranger > 2024-02-28 14:40 | Report Abuse

Hsplant's top management is typical Chinese business man, stingy, not so generous in sharing it's profit. Not sure what game they are playing

Posted by RTSH7182 > 2024-02-28 16:25 | Report Abuse

loneranger...TRUE, VERY TRUE. I AGREED WITH YOUR STATEMENT. AMEN.

Posted by calvintaneng > 2024-03-08 13:29 |

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