Posted by kk123 > 2017-09-08 14:46 | Report Abuse

siapa mau cepat kaya ?

Posted by kk123 > 2017-09-08 15:32 | Report Abuse

siapa mau cepat kaya ?

Posted by kwah > 2017-09-13 11:00 | Report Abuse

Very high volume, what does this indicate, hoa liew?

Posted by hng33 > 2017-09-14 10:53 | Report Abuse

bought cepat at 94.5sen

Posted by Max2838 > 2017-09-19 10:59 | Report Abuse

1st half 2017 profits already 75% of previous full year 2016
2nd half 2017 profits with higher production & prices expected to be 20- 25% more than 2016
Overall, 2017 may exceed 2016 net profits by 40-50%
...whatever, it's exceedingly good for this plantation stock

Posted by Yipi > 2017-10-01 13:18 | Report Abuse

CEPAT (8982) - 沙巴州的小型种植公司



CEPAT是一家经营棕油生意的公司，本身三大业务或多或少都和棕油有关：

1. 油棕种植业 - CEPAT在沙巴州拥有10800公顷的种植地(1公顷=2.47英亩或10000平方米)，已种植面积超过总地皮的80%，主要种植品为棕油、棕仁及鲜果串。种植业是CEPAT的上游业务，会贩卖原棕油给自家的炼油厂或其他的客户。从季报中可以找到internal sales和external sales的相关资讯，最新的2017财政年第二季度季报就有显示鲜果串的产量增加了21%。

摘至2016年年报的种植业务资料：





1. 棕油炼油厂 - 公司7设有自家的炼油厂，其产量平均为每小时90公吨。这家炼油厂只做自家生意，所以收成的好坏也会影响炼油厂的产量。值得一提的是在2017财政年第二季度的季报中提及炼油厂业务转亏为盈，主要原因是赚幅提升。

2. 再生能源发电 - CEPAT在山打根建造了一座再生能源发电厂，并和沙巴州的电力公司签署了一份长达16年的合约。合约从2015年开始生效，目前只履行了两年半的合约，季报中数据显示所贩卖的电量有在增加中的迹象。

2017财政年YTD的营业额与盈利份额：



种植股估值

种植面积 - CEPAT目前已种植面积为80%，有22%的种植还未迎来收成期和老树龄的棕油树也占了36%。在一加一减的情况下未来产量并不会出现太大的增加，在未来要大量增加营业额还需要靠棕油价格上涨。

种植地价值 - 以目前CEPAT差不多300mil的市值计算(假设为买种植公司=买地的思想)，1公顷的地皮大约值28000令吉。笔者认为由于大部分是99年leasehold land应该不会有太大的发展价值，这个土地价值应该是合理价位。

现金流 - CEPAT 2017财政年至今的经营性现金流高达19mil是非常不错的，目前的现金存量外加短期投资也也有27mil。同时一个季度的finance cost只有1.5mil左右和目前的trade payable为26mil，证明公司还有足够的现金周转。并没有造成空有一堆有形资产但无钱可用的状况。

投资机会

收购或合拼的机会 - 小型的种植公司，是非常有可能被大型种植公司看中而收购的，就像几年前至前一阵子的IOI与DUTALAND的状况。CEPAT本身还有再生能源业务，况且市值非常小看起来也挺诱人。

财务稳定 - 目前可以说是种植股的平淡期，种植公司都没有多余的资金去扩展种植地或大量种植，因为在收成前的几年这些发展都是净支出。所幸CEPAT已种植面积占大部分并不需要投入过多的资金，还能保持财务上的稳定和派息率。

再生能源生意稳定 - CEPAT手上已经签署了一份长达16年的合约，代表这16年来都将会有生意。这无疑是很好的现金流保障，尤其在棕油价格上下波动的时期这项业务还能为公司带来盈利方面的稳定性。

Posted by Kawelegen > 2017-10-03 10:19 | Report Abuse

This stock is sleeping

Posted by Yipi > 2017-10-04 20:30 | Report Abuse

Is wake up today

Posted by Cyril > 2017-10-12 14:55 | Report Abuse

not following raw material market price

Posted by hng33 > 2017-10-13 18:29 | Report Abuse

CPO continue up strongly, up to RM 2749.00 (+38.00)

Posted by Max2838 > 2017-10-17 22:39 | Report Abuse

If this year Q3 & Q4 results can net 13M & 14M profits, then total for year net profit 44M.
This will match the Cepat's best year in 2011 when CPO price was RM3200 pmt.
Mill & Power plants can continue to increase its profits of 3M each per qtr with efficiency and capacity utilisation... Good prospects for Cepat! December dividends coming...

Posted by Max2838 > 2017-10-20 11:12 | Report Abuse

Last year in 2016, Cepat was disastrous.... had impairments from Indon venture, oil mill and biogas plant just struggling....
I wonder whether Cepat has replaced those responsible for the Indon fiasco and those who are unable to fix the mill....
The plantation and oil mill business is is a very simple business and the the Malaysians are already World's Best.After more than 17 years, the plantation should be a cash generating machine... so what gives?

Posted by Max2838 > 2017-10-20 11:16 | Report Abuse

For this year, it should be much better as FFB production and CPO prices almost similar for Q3 & Q2... PK prices are better in Q3, so gross profit from estates maybe about 10M. Mill should make more profit with only 10% processing margin this year. Power plants now only in working order.
By Q3 results, net profits for 9 mths should exceed the 12 mths of year 2016.
If not, Mah's horse cannot run...lah!

Posted by chinaman > 2017-10-24 16:47 | Report Abuse

rumours said min. salary may increase further to myr1500/month. this wage cost increase will affect many industries which rely on foreign workers. no wonder market turn cautious before the budget this Fri. Anyway, this is great news for consumer market which is down since GST last 2 years.

Posted by Max2838 > 2017-10-26 19:15 | Report Abuse

Immigrant labour working in plantations are generally piece-rated and based on CPO price.|
As CPO price rises, harvesters earnings will increase accordingly..

Posted by Max2838 > 2017-10-27 11:13 | Report Abuse

today CPO (Jan) price is RM2815. Selling ahead estates' Q4 production at these prices should wrap up FY17 results bounteously...

Posted by Cyril > 2017-10-30 11:15 | Report Abuse

boleh lagi cepat

Posted by Cyril > 2017-10-30 11:38 | Report Abuse

FCPO going higher woot

Posted by veln82k6 > 2017-10-31 21:38 | Report Abuse

operator block at 92. any thing below 92 is good buy. Based on the Cpo price n production profit around 9 to 10m..

Posted by ilovehits > 2017-10-31 21:39 | Report Abuse

Buy cepat can cepat kaya?

Posted by ilovehits > 2017-10-31 21:40 | Report Abuse

If can, I consider buy 100 lots at $0.90.

Posted by veln82k6 > 2017-11-01 06:25 | Report Abuse

if the operator push down just buy

Posted by Cyril > 2017-11-01 17:40 | Report Abuse

Result out

Posted by Nx350 > 2017-11-01 19:14 | Report Abuse

Ilovehits 你真的是明灯.....

Posted by Nx350 > 2017-11-01 19:15 | Report Abuse

Result gg

Posted by Nx350 > 2017-11-01 21:18 | Report Abuse

Cepat mati lol.....

Posted by richDad1 > 2017-11-02 07:14 | Report Abuse

Cepat 3q profit is lower due to decline in FFB volume. This is consistent with overall Sabah CPO production which has declined due to El Nino impact. 4q Ffb volume has recovered for Sabah so all will come back in 4q. Buy on dip. Target price at least RM1.30

Posted by veln82k6 > 2017-11-02 07:57 | Report Abuse

yup...chance coming.

Posted by charles_cty > 2017-11-02 09:21 | Report Abuse

Agree with richDad1...........the earning still look healthy....

Posted by Sebastian Sted Power > 2017-11-02 09:27 | Report Abuse

chance to buy!

Posted by sbzk > 2017-11-03 21:08 | Report Abuse

https://www.thestar.com.my/business/business-news/2017/11/03/palm-oil-prices-may-rise-to-rm3100-per-tonne-by-jan-2018---mistry/

Posted by veln82k6 > 2017-11-09 22:23 | Report Abuse

Will buy around 83 to 85. Wait the speculator sell first..

Posted by sbzk > 2017-11-28 17:43 | Report Abuse

cepat jadi lembap?? wtf cepat, pls shoot the hell up!

Posted by TheContrarian > 2017-12-13 15:30 | Report Abuse

Bought Cepat at 0.815.

Posted by sbzk > 2017-12-21 21:44 | Report Abuse

become dead duck? cepat oh cepat.......... what a mess!

Posted by veln82k6 > 2017-12-22 18:48 | Report Abuse

Reach bottom n not moving liao..time to buy at lowest with strong growth in future

Posted by Weida2000 > 2017-12-29 09:10 | Report Abuse

Trust me!!! don't waste time CEPAT...ALL IN Hengyuen!!!

Posted by Weida2000 > 2017-12-29 09:10 | Report Abuse

Hengyuen New Target Price RM100+++ hahahahaha

Posted by Weida2000 > 2017-12-29 09:13 | Report Abuse

ALL IN Hengyuen b4 RM20++++ EASY MONEY!!!!

Posted by Weida2000 > 2017-12-29 14:02 | Report Abuse

Henyuen sure open high!!!!!!!! ALL IN HENGYUEN!!!! FAST FAST!!!!

Posted by bclim_83 > 2017-12-30 06:30 | Report Abuse

Cheapest plantation stock with 2 power plants 12mw and 3.6 mw each. Every quarter has good cash flow. It should be valued at least above rm 1.20

Posted by TheContrarian > 2017-12-31 00:16 | Report Abuse

Added more Cepat at 0.805 on Friday.

Posted by sbzk > 2018-01-05 19:52 | Report Abuse

https://www.theedgemarkets.com/article/malaysia-suspend-export-tax-palm-oil-three-months

Posted by veln82k6 > 2018-01-08 11:26 | Report Abuse

Sapu...going to rise soon..operator cannot hold too long

Posted by veln82k6 > 2018-01-08 11:27 | Report Abuse

Any time will shoot up..

Posted by veln82k6 > 2018-01-08 11:47 | Report Abuse

SOP JTIASA TA ANN KLK START GOING UP..GOOD LUCK ALL

Posted by TheContrarian > 2018-01-08 11:50 | Report Abuse

Palm oil export tax suspended for 3 months positive for all palm oil counters.

Posted by joetay > 2018-01-08 12:34 | Report Abuse

but with stock of almost 2.7mtn, i think need more than 3mths suspension.

Posted by EngineeringProfit > 2018-01-10 12:13 | Report Abuse

Funny thing....cepat then lembap.....now slowly going to Cepat again

Posted by veln82k6 > 2018-01-11 23:50 | Report Abuse

Sell all lock in profit..hihi.