The company reported QR earning which is ~106% better than the previous QR.Technical Price Charts_MA,MACD,RSI,stochastic showed the stock price is slowly going up after consolidating for almost three months now between 1.58-1.68.Will test new high very soon.
Good QR report but the counter is stuck in price between 2.58-262 for quite sometimes.When EPF sells,LTHB buys.How long such trend will continue,yeah? When the upside in price will happen???
no hope... those who want to buy want to buy it very low...not many peope q to buy...all the main share holders are not goreng kaki.. if can maintain 2.58-2.62 consider damn good for company like this...just like money in normal fd..
Look like not getting fund managers' attention now. It is a more solid counter though BPlant is also not bad. This counter was red hot soon after listing but things seems to have cooled considerably last few years
Now with additional kretam plantation landbanks will be a boost. I expect their crop yield will increase once synergies between the 2 companies are infused
Instead of buying 55% of Kretam (19,600 hectares) for RM 1.2B.(aborted in Feb2018), it's a much better deal to acquire 56% of IJMP (61,000 hectares) for RM 1.8B.... For an extra RM 600M, HSPlant can get 3X the size... plus more satisfactory and more acceptable plantations.... that is, if HSPlant plans to grow
HSP tree age is relatively older but it's in net cash position. It can rejuvenate it's assets by combination of acquisition & replanting. This will prevent drop in revenue.
Plantation sector Upgrade to overweight: We are turning more positive on the plantation sector as we believe the current positive crude palm oil (CPO) price sentiment will sustain into 2020 due to supply constraints arising from potential palm production deficits in Malaysia and Indonesia, lower soybean output in the US and more positive demand prospects (arising from higher biodiesel mandates in Malaysia and Indonesia from 2020 as well as the spreading of African swine fever
Hap Seng Plantations Holdings Bhd’s (HSP) earnings are expected to start improving in the fourth quarter of 2019 (4Q19) onwards, backed by the recovery in crude palm oil (CPO) prices.
The lower average price, which hurt margins, also resulted in the revenue largely unchanged at RM293.74 million versus RM294.66 million in 9MFY18.
The group is looking forward to better selling prices, with the implementation of biodiesel mandates in Malaysia and Indonesia to support demand, coupled with lower industry production anticipated.
HAP SENG PLANTATIONS's main business segments include oil palm plantations and milling.
Its earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from 3.64 sen to 16.04sen. In 2018 financial year, the company declared a dividend of 2.5 sen per share, which amounts to a dividend yield of 1.17%. In 2018 financial year, HAP SENG reported lower revenue than previous year due to lower average prices of crude palm oil (CPO) and palm kernel (PK).
2nd Quarter results looking GOOD. With divident declared it , 3 quarter is EXPECTED to be MUCh better due to high Palm Oil prices. They are having Problem with KLSE due to too much Shares BuyBack. If they really want Mutual Funds( Local and Foreign) to HOLD , they have to declare what BANKS do. 50% as divident on NETT profits. 4 quarter is still unknown as players are expected drop in Palm Oil prices. And over suppply coming from Indonesia planatations. Only CHINA and INDIA can support the Palm Oil prices. With Soya Oil being more expensive , wont be surprise if INDIA NOW BUY LOTS of Palm Oil instead of Soya Oil.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ctooi51
394 posts
Posted by ctooi51 > 2017-03-02 20:20 | Report Abuse
strong financial position. Buy..