CB INDUSTRIAL PRODUCT HOLDING

KLSE (MYR): CBIP (7076)

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Last Price

1.12

Today's Change

0.00 (0.00%)

Day's Change

1.09 - 1.40

Trading Volume

176,900


6 people like this.

2,161 comment(s). Last comment by frankco 2022-04-20 22:35

stockraider

30,487 posts

Posted by stockraider > 2021-06-14 10:45 | Report Abuse

Good read properly the latest Qtr lah....all its plantation business making money mah!


Posted by MM78 > Jun 12, 2021 4:16 PM | Report Abuse

I am wondering why the planation segment of CBIP has been loosing money for the last 5 years even at high palm oil price now. As sharehoders we should sk the questions in AGM.


Posted by Reichwerden > Jun 14, 2021 10:43 AM | Report Abuse

Many plantation business is making lost.. . Miss manage or young tree.

danchong

464 posts

Posted by danchong > 2021-06-14 13:42 | Report Abuse

In my opinion, the chances of miss management is not high considering the fact that the board has many years of experience in the palm oil industry and Mr Mak Chee Meng was dedicated to take care of the green field development of the entire project. I also rule out the possibility of labour shortage. I notice that the sector include oil milling too. I think the losses (2020 - 12.7mil & 2019 - 19.7mil) and the last Q we have a small profit of 1.7mil was due the high new planting cost & start up cost of the oil mill.

They are suppose to get more aggressive last year in planting and I'm disappointed to note the low planting acreage of only 200 Hectares for 2020.

The lower revenue QoQ is due to lower production. The production for next Q onwards should be heading north. Hopefully, the oil mill will achieve better economy of scale with higher production.

Utilization rate for our refinery plant in 1Q21 is 10%. This segment recorded
a higher revenue of RM58.3 million & a profit of 851,000. Any comments????

Posted by Mynihar Nihar > 2021-06-21 15:59 | Report Abuse

Apasal jadi air tejun ni,, ?

Zuliana

4,683 posts

Posted by Zuliana > 2021-06-21 16:15 | Report Abuse

Air terjun

Posted by Reichwerden > 2021-06-24 13:26 | Report Abuse

Palm CPO price jatuh kuat kuat

Posted by Mynihar Nihar > 2021-06-24 16:48 | Report Abuse

oh

danchong

464 posts

Posted by danchong > 2021-06-25 21:24 | Report Abuse

Do they make ambulance?

Posted by risktoreward > 2021-08-16 16:06 | Report Abuse

enter @ 1.28

Davidl

1,637 posts

Posted by Davidl > 2021-08-26 18:14 | Report Abuse

Better than expected QR! Welldone CBIP!

danchong

464 posts

Posted by danchong > 2021-08-26 21:40 | Report Abuse

Plantation & Refinery will contribute more significantly in the Q to come

lohloyfoo

76 posts

Posted by lohloyfoo > 2021-08-26 22:11 | Report Abuse

The Board is optimistic that the Group will be able to achieve satisfactory results so hold tight tight to enjoy dividend.

lloydlim

3,605 posts

Posted by lloydlim > 2021-08-27 10:09 | Report Abuse

This stock shall challenge new high very soon!

Knownfact

236 posts

Posted by Knownfact > 2021-08-27 13:53 | Report Abuse

HLG sum-of-parts TP of RM1.27 is total rubbish.

better-than-expected performance at refinery segment is a great surprise.

It is good to know that Orderbook at oil mill engineering segment trended up to RM345m as at 30 Jun 2021 (from RM289m as at 31 Mar 2021), as the group secured 4 new contracts in Indonesia during 2Q21.

Very disappointed with the upstream plantation segment.

Dangel

415 posts

Posted by Dangel > 2021-08-27 14:25 | Report Abuse

Orderbook for mill engineering segment will continues to go up at Q3 so it is safe now for investor to enter at current price level.

Posted by risktoreward > 2021-09-15 18:58 | Report Abuse

released at 1.29

necro

4,738 posts

Posted by necro > 2021-10-06 18:07 | Report Abuse

Get ready guys for RM3

necro

4,738 posts

Posted by necro > 2021-10-07 20:08 | Report Abuse

Get ready guys for RM5000 for FCPO

History is repeating for CBIP

RM3-RM5 is on the way up

lloydlim

3,605 posts

Posted by lloydlim > 2021-10-08 00:45 | Report Abuse

Time to accumulate!

necro

4,738 posts

Posted by necro > 2021-10-11 17:40 | Report Abuse

Lai Lai Lai

Jgn Dah terbang baru nak BUY

trum

7,549 posts

Posted by trum > 2021-10-13 21:08 | Report Abuse

Too late to join

frankco

165 posts

Posted by frankco > 2021-10-15 12:34 | Report Abuse

just the beginning for the bull run

Posted by risktoreward > 2021-11-16 10:54 | Report Abuse

Masuk balik 1.27

lloydlim

3,605 posts

Posted by lloydlim > 2021-11-24 10:24 | Report Abuse

A better than expected QR to be released soon!

danchong

464 posts

Posted by danchong > 2021-11-24 16:48 | Report Abuse

today?

Davidl

1,637 posts

Posted by Davidl > 2021-11-25 18:45 | Report Abuse

Improving QR! Lagi declare 2cts. dividend. Welldone.

danchong

464 posts

Posted by danchong > 2021-11-25 21:37 | Report Abuse

"The result for the current financial period was undermined by an allowance for impairment loss on bearer plants under
dispute of RM5.7 million."

Can anyone help me to understand this more?

Posted by risktoreward > 2021-11-25 21:55 | Report Abuse

Means if not for setting aside 5.7mil for a dispute they will potentially lose, the results would be even better

lloydlim

3,605 posts

Posted by lloydlim > 2021-11-25 22:32 | Report Abuse

Cash flow very healthy & forward PE is now below 8

danchong

464 posts

Posted by danchong > 2021-11-26 10:44 | Report Abuse

Orderbook at SPV segment, on the other hand, swell to RM138m as at 30 Sep 2021 (from RM70m as at 30 Jun 2021), due to new contract secured (amounted to ~RM77m, which will be recognised over the next 2 years).

danchong

464 posts

Posted by danchong > 2021-11-26 11:37 | Report Abuse

Thanks, risktoreward. Good point but what is bearer plants dispute?

stockraider

30,487 posts

Posted by stockraider > 2021-12-10 11:48 | Report Abuse

Correctloh...if u factor in increase in cost of 10%...the production cost of CPO is Rm 2750 m/t.

Current CPO future 12 mths average ( Average from future Jan 2022 to Dec 2022) pm 4250!

U still talking about very outstanding Gross Margin of about 36% compare to usual 10% mah!

Plantation will record sky high profit going fwd loh!

Btw...usual norm of cost of production is only around Rm 2200 per tonnes!

Posted by Johnzhang > Dec 10, 2021 11:33 AM | Report Abuse

Some Investors may be concern of the labour and fertilizer cost increase on plantation company’s performance in 2022. The IBs and media are very prone to look at only one side of the equation and they seriously lack professionalism.

My view is oil palm plantation will still be laughing to the banks next year. Mind you that most big time CPO traders expect CPO to trade above $5,000 during Jan-Mac 2022 and between $4,000 to $5,000 during Apr-Dec 2022.

Cost of production (at estate level) during recent years (2017-2020) were $1,500 -$1,800 pmt CPO depending on the cost efficiency of each planter.
Average CPO price over same period (2017-2020) was about $2,490 pmt as shown in the calculation below :
2017 $2,800
2018 $2,150
2019 $2,250
2020 $2,760
-----------------
Avg $2,490
=================
Therefore, average Gross Margin in past recent years enjoyed by planters were $990 to $690 pmt CPO. (ie average CPO price $2,490 minus cost of production $1,500 to $1,800).

Due to higher labour and fertilizer costs, the cost of production is expected to increase by max. $300 pmt CPO basis. The new cost of production for 2022 shall be $1,800 -$2,100 pmt CPO.
Based on 2022's CPO price forecasted by big time CPO traders averaging $4,500 , the Gross Margin of the planters will be $2,700 to 2,400 pmt CPO.

2022's Gross Margin is 2.7 times to 3.5 times higher than the average of 2017-2020.

Just for sharing.

danchong

464 posts

Posted by danchong > 2021-12-10 13:08 | Report Abuse

On top of higher prices, the profile of palm are young and maturing fast too. I do expect production to increase significantly in 2022.

The disposal of GLM will allow the company to have more time & working capital to concentrate on productive areas.

The prospect of the company looks wonderful to me.

Posted by All_in_2021 > 2022-01-12 20:39 | Report Abuse

why the company keeps buying back the shares?

bojed

4,451 posts

Posted by bojed > 2022-01-27 18:42 | Report Abuse

Yesterday golden cross ema20/200.

Today golden cross ema50/200.

All daily emas are perfectly aligned 7/20/50/200.

I managed to buy 20k shares at 1.29 today. Hopefully this won't turn into a false signal.

Knownfact

236 posts

Posted by Knownfact > 2022-02-13 23:09 | Report Abuse

https://youtu.be/B-ZTWUkhtBU

danchong

464 posts

Posted by danchong > 2022-02-14 13:08 | Report Abuse

Sudden see Alfred Chen so bullish on a sector

necro

4,738 posts

Posted by necro > 2022-02-17 09:59 | Report Abuse

CBIP is testing 1.42-145 resistant

A successful breakout will bring price to 1.92-2.00 mark

necro

4,738 posts

Posted by necro > 2022-02-17 10:05 | Report Abuse

Pergerakan price pon cantik, market sentiment pon cantik(KLCI in bullish mode), CPO in raging bull with this scenario its pointing to one solid conclusions that palm oil company & company its related will show bullish quarterly result for first or second quarter 2022.

necro

4,738 posts

Posted by necro > 2022-02-17 10:10 | Report Abuse

The scenario is same like 2012,when world economy move out from Lehman Brothers Crisis, the inflation were high during decade ago, cyclical commodities like oil, gold & palm oil were rallied to all time high as World move from crisis.

I'm my humble opinion & experience, the commodity bull will stay for another 16months-24months before its subside, ride those commodities related stocks before its gone & don't buy at peak OK.

danchong

464 posts

Posted by danchong > 2022-02-18 14:44 | Report Abuse

The army is lining up to tackle the previous high of 1.45

frankco

165 posts

Posted by frankco > 2022-02-24 18:54 | Report Abuse

excellent result!!

necro

4,738 posts

Posted by necro > 2022-03-03 19:44 | Report Abuse

Plantation stocks & it's related will create new all time high.

Same bullish commodity cylce pattern like 2012.

Ride the trend Guys,the upside is Imminent.

After this we will have cyclical consumer stocks upcycle followed by property & finance stocks.

danchong

464 posts

Posted by danchong > 2022-03-04 06:41 | Report Abuse

Better days is in sight.

necro

4,738 posts

Posted by necro > 2022-04-14 09:59 | Report Abuse

Nice to see you grow like this CBIP

frankco

165 posts

Posted by frankco > 2022-04-20 22:35 | Report Abuse

Ukrain has missed the planting season... Many countries are stock piling food commodities and control their export of commodities. Shortage in edible oil will continue towards end of the year ..

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