MALAYSIA plans to introduce “orangutan diplomacy” in its relations with major palm oil-importing countries, offering the animals as trading gifts in an effort to allay concerns about the environmental effects of growing the commodity.
Result is out... Just a normal result, nothing special. But if you look the the Gross Profit, it is quite surprising (Gross Profit RM18mil based on Revenue RM60mil, almost 30%) The admin cost for this quarter is very high, I believe this is due to China Man company will always give bonus during CNY, so the admin expenses has increase a lot compare to other quarter. (Unlike MNC, they will normally provision for the bonus on quarterly basis, so you wont see suddenly 1 quarter admin cost has jump up 30-40%).
Refer to the QR commentary, next quarter will be very good, because the court case settlement of RM10,000,000 deposit forfeited will be book in as "other income" on next quarter.
Johor Plantations Group Bhd (KL:JPG) said on Monday that it has appointed Johor Corporation (JCorp) affiliated company JL Projects Sdn Bhd as the project manager consortium (PMC) for the construction of its integrated sustainable palm oil complex (ISPOC) for RM30.99 million.
In the bourse filing, Johor Plantations said the three-year contract sum represents 9.9% of the ISPOC’s estimated gross development cost, which works out to be RM313.04 million.
The refinery is expected to be completed by mid-2026.
Japanese oils and fats company Fuji Oil Asia Pte Ltd is the builder for the refinery located in Pasir Logok, Kota Tinggi.
JL Projects is a wholly owned by JLand Group Sdn Bhd, which in turn is 100% owned by JCorp, the largest shareholder of Johor Plantations with a 65% stake.
The group said JL Projects has considerable experience in managing projects on Malay reserved land, ensuring compliance with the relevant regulations by collaborating closely with government agencies. “With an emphasis on accountability and transparency, JL Projects' proven ability to handle complex projects makes them a suitable candidate to oversee the management of the construction of the ISPOC project via the proposed appointment of PMC,” it added.
The ISPOC is a large-scale facility that combines several stages of the palm oil production process in a single location. It comprises a palm oil mill, a specialty fats refinery, a kernel crushing plant, a bio-energy power plant as well as an animal feedmill in a single location.
- got kernel crushing plant. If MBL do this part, will shoot up.
New IPO: A homegrown air fragrance company, Vanzo Holdings Berhad aims to list on the Ace Market!
MQ Trader 74 views | 8 h ago
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
MQ Trader 268 views | 1 d ago
0:17
New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
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....
mrkhoi306
41 posts
Posted by mrkhoi306 > 2024-04-29 14:59 | Report Abuse
slow month incoming.... market going slow mode now