kelapa sawit is overtaking bunga raya as our national plant! it's blooming everywhere, not only in bursa casino but also in our backyard n gardens! it's a pride of investors, smallholders n plantation owners!
Thank you all for your good reply. There are palm trees in front of my house as decoration trees. Ever year they produced fruits which attracts birds (although I never apply fertilizer). The fruits and birds are causing some annoyance to me. Ha....
Indeed, sometime we think too much and can not make decisions. We will have election this year and Malaysia have many oil palm plantation owners, which could support palm oil bull year. I think it is still early stage, but I maybe wrong la.
Insider trade? The story can be break into 3 parts.
Part 1: HS Plant was listed on 16 Jul 2007. IPO offer price was RM2.65. Main shareholders appeared in 2008 annual report were Hap Seng (412,413,000, 51.5%), Innoprise (119,978,000, 14.9%) & Lembaga Tabung Haji (23,672,500 2.9%).
Part 2: Over the years, Lembaga Tabung Haji accumulated HS Plant shares in the open market & increased its stake to 8.2% (66,074,500 shares). In Feb 2020, Lembaga Tabung Haji assets was transferred to Urusharta Jamaah under MOF. A cross deal was done on Jun 2020 & Hap Seng acquired the whole block.
Part 3: In Aug 2021, another cross deal was done on the Innoprise block (119,978,000, 14.9%).
So, Hap Seng is holding too many HS Plant shares (about 75%) after buying the two blocks. Anyhow, if you change your mindset to subscribe HS Plant shares at present offer price RM2.78 by Hap Seng, then the story will be much more appealing. It's an offer! Buying a cash rich company without any debt.
After reading all the above comments, I am now a bit knowledgeable on the business of palm oil....looks like a very productive and profitable if run well, all boil down to scalability and good management.
News about Agreement reached between Russia and Ukraine? Video Conference between the 2 Presidents on today ? Agreement to sign next week? Withdrawal of Russian troops in 3 mths? Prices of crude oil and palm oil have reached inflection point? No more resource scarcity?
HSplant’s realized CPO price for FY 2021 was about $4,400 and achieved very high earnings and dividend . FCPO April was about $6,900 yesterday and spot price was even higher. Therefore, no need to be overly worried of the temporary CPO price correction. That’s just my view .
longtermvaluegain & mayongzheng same person kah ? Why same comment appeared in longtermvaluegain first, then deleted. After that reappear in mayongzheng account?
No wonder share price remained dull and sluggish. Already blacklisted by retailers? Then must select the gainer stocks ( SOP, Ta-An, TSH) & the popular stocks (BPlant, JTiasa, Cepat, THPlant) only.
If I am interested to buy plantation stocks..sure I won't choose HSP after analysis the way EPF dispose..when plantation stocks down..sure it down,but when they up,HSP will stay there or reverse
EPF dump the shares worse it is in big volumn whenever opportunity emerge. Who dare to touch it anymore? Let them hold forever or sell at lower price. Moreover they need more money to distribute for the newly announced i-sinar.
Just advise those are interested to buy HSP better stay away at least 2 months after see how is the CPO only decide to invest or not.I bought at higher price ,so no choice just wait the miracle when the CPO price still can sustain when they mostly clear the position. Another bad news , parents also join to sell...no hope
Mr CK Lau is the founder (the late Lau Gek Poh) nephew. The Lau family business is currently run by him. Ms Cheah is the company Joint Secretary (Hap Seng Consolidated & HS Plant).
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Posted by investor2021trading > 2022-03-12 08:41 | Report Abuse
kelapa sawit is overtaking bunga raya as our national plant! it's blooming everywhere, not only in bursa casino but also in our backyard n gardens! it's a pride of investors, smallholders n plantation owners!