Posted by hng33 > 2016-10-11 15:44 | Report Abuse

buyer volume return back :D)

Posted by Ckk2266 > 2016-10-11 15:45 | Report Abuse

:)

Posted by hng33 > 2016-10-11 18:03 | Report Abuse

Journey to the north to be continue :)

Posted by rogers123 > 2016-10-13 00:48 | Report Abuse

Journey to the west.......

Posted by rogers123 > 2016-10-13 00:48 | Report Abuse

Watch out

Posted by linges > 2016-10-13 14:35 | Report Abuse

bought @ 1.13 and waiting @ 1.12 :)

Posted by linges > 2016-10-13 14:41 | Report Abuse

top up more @ 1.13

Posted by hng33 > 2016-10-13 15:56 | Report Abuse

Good, linges, but my portfolio almost fully invested alrdy, lack of free capital now..... unless opt to gear up with margin line capital.

Opt sideline first for clearer picture. Currently, holding puncak at average cost RM 1.137+

Posted by linges > 2016-10-13 16:30 | Report Abuse

thx hng33 :))

few days ago...sold all my holding @ 1.15 with small profit..as i felt not comfortable holding Puncak @ 1.14..
just why manage to buyback today..avg price now @ 1.126..and still waiting 4th batch @ 1.12 :)

Posted by rogers123 > 2016-10-14 14:18 | Report Abuse

Where is the north?

Posted by hng33 > 2016-10-14 15:04 | Report Abuse

yup, journey to the north to be continue, just need a little longer gestate time to get in volume momentum, be patience :)

Posted by LilyLL > 2016-10-16 21:39 | Report Abuse

Puncak up and down I still waiting tp1.20 lah

Posted by kahhoeng > 2016-10-17 19:48 | Report Abuse

finally, Puncak announced the purchase of palm oil estate in Sarawak from Shin Yang Group

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5233369

Posted by hng33 > 2016-10-17 20:48 | Report Abuse

:D)

Posted by sell > 2016-10-17 20:49 | Report Abuse

Why buy loss making company?

Posted by kahhoeng > Oct 17, 2016 07:48 PM | Report Abuse
finally, Puncak announced the purchase of palm oil estate in Sarawak from Shin Yang Group
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5233369

Posted by kahhoeng > 2016-10-17 22:08 | Report Abuse

roger, haven't you figured out why I didn't reply any post lately? Many of you just blah blah blah here and nothing informative or analytical...

Posted by jacklintan > 2016-10-17 22:09 | Report Abuse

rogers123: internally generated funds....u forgot to read?

Posted by kahhoeng > 2016-10-17 22:55 | Report Abuse

roger, Puncak is proposing to buy Sarawak plantation land at RM3,500 per acre of unplanted land (i.e., approximately 8,650 per hectare) and RM18,500 per acre of plnated land (i.e, approximately RM 45,700 per hectare). Is this price fair? Frankly, I am not an expert in oil palm business, but based on past transaction, its not expensive. At least better than the yet to be known TRIPLC deal that he himself has a part in it...

The said plantation has a total land bank of 46,674 hectare (43,100 hectares given that 3,534 hectares are flood zone - given free!) Out of 43,100 hectares, ONLY 9,766 hectares are planted and 2,508 hectares are MATURE and yielding fruit bunches in meaningful way. Surely, the plantation is not going to be offering much currently!

Quite frankly, I haven't gone through in details the deal yet, but its surely a relief compared to the TRIPLC deal that has yet to be known...

Posted by Jay > 2016-10-18 05:54 | Report Abuse

really don't get Puncak, with so much cash should have targeted some ready assets. Out of the whole area, only 5% reach 18 months maturity. Palm oil only starts to bear fruit after 3-4 years and peak after 7 years. 18 months is still very young, not to mention those below 18 months or unplanted. It's gonna take at least another 2-3 years probably just to breakeven

Posted by Jay > 2016-10-18 06:13 | Report Abuse

triplc deal will be a related party deal so shareholders will be wary. but at least that deal will be profitable from day 1 and deliver steady cashflow every year

Posted by hng33 > 2016-10-18 07:43 | Report Abuse

Acquire 60% stake in 46,674ha leasehold land value for total RM 446m

The planted portion of 9,766.90ha valued at RM18,500 per acre,
Unplanted portion value at RM3,500 per acre.

Posted by r°Moi > 2016-10-18 08:05 | Report Abuse

Only come to RM 0.08 psf and RM 0.43 psf respectively...


Have to wait....

With the vast land... can plant some... acacia species, Albizia Falcata species and other fast growing species (“Other Trees”)... one or two years?

Maybe also has tourist spot potential... as the land must be next to one of the hydro dams in Sarawak... notice the hotel business one of the joint shareholders is in


Anyway... waiting for further details... but good that it is not a RPT

Posted by r°Moi > 2016-10-18 08:09 | Report Abuse

At around 1.80... TRIplc the company... not the two subsidiaries.. could well be a good RPT

Posted by r°Moi > 2016-10-18 08:20 | Report Abuse

Puncak is not acquiring Danum Sinar the loss making company as it is.. but after restructuring.. taking over only its oil palm plantations

And... it is good to know the original owner is still retaining 10% in Danum Sinar


SYHSB ultimately controlled by Tan Sri Datuk Ling Chiong Ho and his family.

Posted by Jay > 2016-10-18 09:04 | Report Abuse

actually the acquisition is not expensive, RM446m for 43,000 hectares is around RM10k/hectare, although essentially it's mostly just plantation land instead of oil palm plantations. the problem is Puncak has no real biz right now and this acquisition will only contribute in few years time. imo not a good way to spend RM270m for their 60% stake

Posted by rogers123 > 2016-10-18 09:11 | Report Abuse

There are many conditions attached with the purchase.......Not included timber......... This means wat? Government land? leasehold? Permanent Land? Or Just have an agreement with the government have the right to plant palm oil on the land? Tan Sri Datuk Ling Chiong Ho and his family can owe the land? The lands in sarawak most r reserved for bumiputra

Posted by Jay > 2016-10-18 09:13 | Report Abuse

at 1.80 or market cap RM120m, Triplc shareholders will vote a resounding no. Land value at least RM120m, receivables from Uitm net of borrowings at least RM80m, new contract RM600m. directors probably don't even dare to bring it up to shareholders

Posted by Jay > 2016-10-18 09:18 | Report Abuse

triplc concession biz made RM16m net profit last year, with the RM600m construction contract at maybe ~8% net margin over 3 years, that's probably another RM16m per annum. A biz that could contribute ~RM30 a year would have been much better for Puncak shareholders at this stage. of course it will also depend on the pricing

Posted by Up_down > 2016-10-18 11:12 | Report Abuse

Nothing to shout for buying a plantation company at its infant stage. Better to acquire Triplc which is a able to contribute profit immediately.

Posted by kahhoeng > 2016-10-18 12:31 | Report Abuse

the purchase is not bad, with plantation revenue expected to triple within the next 2 years (assuming palm oil price being constant and fruit yield being norm, immature plantation acreage is currently approximately 3 times matured acreage - below 18 months and above 18 months)

Posted by r°Moi > 2016-10-18 13:39 | Report Abuse

Just that not immediately seexxxxy...... Purposeful waiting is not for many

Anyway.. still have about 2/3 of the money... enough for a hattrick by Rozali

Posted by rogers123 > 2016-10-18 13:50 | Report Abuse

Kahoeng: r u willing to hold puncak until it turns profit for certain years?

Posted by rogers123 > 2016-10-18 13:51 | Report Abuse

Rozali is taking 20million salary per year

Posted by Xinquan > 2016-10-18 14:59 | Report Abuse

Perhaps 5-10 years from now. Got money buy loss making one now or pay Rozali higher salary.

rogers123 Kahoeng: r u willing to hold puncak until it turns profit for certain years?
18/10/2016 13:50

Posted by kahhoeng > 2016-10-18 15:10 | Report Abuse

Xinquan, at current price, I will hold. Above 2.50, most likely I will sell unless better news revealed. Between 2.30 and 2.50, depending on if I can find a better alternatives. This is assuming I have priced in additional 0.30 NTA losses and share price will at a discount to its NTA

Posted by Xinquan > 2016-10-18 15:14 | Report Abuse

After yesterday announcement cash will reduce no more RM 2.50.

Posted by kahhoeng > Oct 18, 2016 03:10 PM | Report Abuse
Xinquan, at current price, I will hold. Above 2.50, most likely I will sell unless better news revealed. Between 2.30 and 2.50, depending on if I can find a better alternatives. This is assuming I have priced in additional 0.30 NTA losses and share price will at a discount to its NTA

Posted by firehawk > 2016-10-18 15:17 | Report Abuse

hold until above 2.50 is good ...more than 100% profit, very good!

Posted by firehawk > 2016-10-18 15:22 | Report Abuse

eventhough hold for 5 yrs is still worth! Good!

Posted by Xinquan > 2016-10-18 15:24 | Report Abuse

Unplanted oil palm-planted to mature need 7 years to make money.

Posted by cpo_ > 2016-10-18 15:27 | Report Abuse

Actually with same amt of money can buy many listed CPO counters which are proven profitable.

Posted by cpo_ > 2016-10-18 15:29 | Report Abuse

So it is proving Puncak management is poor.

Posted by Jay > 2016-10-18 15:29 | Report Abuse

the land value don't skyrocket just like that. major capex are required. planted land carry much higher value is after taking into account planting cost, maintenance cost (fertilisers, workers etc.) and your interest/opportunity cost over the years.

Posted by cpo_ > 2016-10-18 15:40 | Report Abuse

Agree. Otherwise present owner no need to sell if land price can skyrocket so easy.

Posted by Jay > Oct 18, 2016 03:29 PM | Report Abuse
the land value don't skyrocket just like that. major capex are required. planted land carry much higher value is after taking into account planting cost, maintenance cost (fertilisers, workers etc.) and your interest/opportunity cost over the years.

Posted by Jay > 2016-10-18 15:41 | Report Abuse

not sure what's the market price for unplanted plantation land but doesn't look like Puncak is overpaying. advantage of planting by your own compared to buying mature plantation is the total lifecycle cost is likely to be cheaper but you will need to incur high capex and long waiting time.
such investment is good for long term but sucks for short to medium term. imagine the first batch of less than 5% of your trees will only produce fruits in 2-3 years time and peak in 5-6 years time. the management should balance short and long term performance even though they have huge cashpile to burn for years

Posted by hng33 > 2016-10-18 15:52 | Report Abuse

Puncak acquire planted portion of 9,766.90ha valued at RM18,500 per acre, Unplanted portion value at RM3,500 per acre is very undemanding and attractive price.

Imaging by just plant it in the land, the unplanted value will surge from merely RM 3500 per acre surge to more than 400% increment in value to RM18,500 per acre in less than 2 year.

Of course, some capex needed such as planting cost, maintenance cost (fertilizers, workers). but if you comparing cost and 2 year old tree for plated 1 acres, the value is surge from RM 3500/acre to RM 18,500/acre is still far much much better for Puncak in turn return of assets

Once these planted reach maturity in another 4 year, thees plant will surge another round in value to more than 50,000/acres as it start bearing fruit and harvesting. The return of asset is tremendous.

Posted by kahhoeng > 2016-10-18 15:54 | Report Abuse

I would rather Puncak dump all money this fashion... At least I know that land is not overpriced and value will emerge when the trees are matured. At least I know the business deal is real and requires only a performing management team. Of course, hope Puncak can make it.

Posted by Jay > 2016-10-18 16:16 | Report Abuse

prime plantation land can sell at >60k/hectare or 24k per acre. the problem is you have to first suffer 4 years of high cost no yield, then another 3 years of high cost low yield. it's an investment. it's not a get rich quick scheme, if not everyone will be planting oil palm and flipping for profit

Posted by Jay > 2016-10-18 16:19 | Report Abuse

another potential problem is timing. now CPO price is good, but market already talking about weaker CPO price by 2H next year after El Nino effect is over. so what will be the CPO price when Puncak's plantation matures? that's the huge risk there especially for commodities biz

Posted by rogers123 > 2016-10-18 16:24 | Report Abuse

Kahhoeng: if the acquisation is good. The share should fly now. Not down. The land acquired belong to puncak or goverment? Or puncak only acquire the right to plant on the land. Anyone can answer me this?

Posted by rogers123 > 2016-10-18 16:24 | Report Abuse

Hng plz answer this