Posted by CCWONG > 2021-07-09 09:57 | Report Abuse

Keep the faith, and even if all equal, look at the June'21's FFB harvest at 83,893 tons & last qtr's performance shall be better than the previous qtr's performance.

As time goes, bplant's performance shall get better & better with good CPO price & FFB harvest.

Above is my opinion & I will invest into Bplant as long as possible.

Posted by Sslee > 2021-07-09 10:07 | Report Abuse

Posted by Mikecyc > Jun 14, 2021 4:47 PM | Report Abuse

Bplant FFB

Apr2020 = 82849
May2020 = 86223
June2020 = 101309

July2020 = 89117
Aug2020 = 89318
Sept2020 = 95188

Oct2020 = 93334
Nov2020 = 81,866
Dec2020 = 72,491

Jan2021 = 60,574
Feb2021 = 55,196
March21 = 64,394

Apr2021 = 70,373
May2021 = 77,435
Jun2021 =

So june is 83,893

Total april- june 2021 = 231,701 as compare to:
Jan -March 2021= 180,164

Posted by NorazmiAR > 2021-07-09 11:13 | Report Abuse

Bplant FFB

Apr2021 = 70,373
May2021 = 77,435
Jun2021 = 83,893

Total April- June 2021 = 231,702

Average Apr - Jun 2021 Crude Palm Oil Price:
Apr 2021 = RM4,220.00
May 2021 = RM4,572.00
Jun 2021 = RM3,830.50

As compare to:

Jan2021 = 60,574
Feb2021 = 55,196
March21 = 64,394

Total Jan -March 2021= 180,164

Average Jan - Mar 2021 Crude Palm Oil Price:
Jan 2021 = RM3,748.50
Feb 2021 = RM3,895.50
Mar 2021 = RM4,041.50

Posted by NorazmiAR > 2021-07-09 11:27 | Report Abuse

Any sane investor will see BPlant next Apr-Jun 2021 quarter result will be outstanding with average CPO price RM300 higher that previous quarter. On top of that Apr-Jun 2021 quarter FFB is 51,538 tonnes higher than previous quarter.

BPlant will have double whammy result with higher CPO price and higher FFB volume.

With the land value is way higher than its NTA RM1.16, BPlant is way wayyyy undervalue at current price.

Any company that planing to buy over Bplant will earn a lot more even if it offer RM1.00 per share

Posted by Goldking9789 > 2021-07-09 14:15 | Report Abuse

Sslee the joker better make up with kyy la, same type of people. Hehehe

Posted by stockraider > 2021-07-09 14:43 | Report Abuse

This is a very Great Result 28% increase in production & overall higher average cpo price of rm 3,500 for june compare to average price of rm 3,300 in March an increase of 6% in price mah!

Thus u have higher production volume by 28% & 6% increase in price a double happiness celebration for end june result mah!

Posted by Plantermen > 2021-07-09 17:03 | Report Abuse

If taking private and to reduce their debts { obviously Bstead needs to dispose off their core holdings} in BPlant, Affin banking or BHIC. buyer need Bank Negara approval { banking} and only 15% of the shares. BHIC obviously not many suitors. At this point BPlant is the most viable and attractive assets

Posted by Johnzhang > 2021-07-10 14:22 | Report Abuse

@NorazimAR, fully agreed with your view. My estimate for Q2 2021 NPAT is around $55 mil or 2.5sen per share . Based on 60% dividend policy , we may expect 2nd interim dividend of 1.5 sen along with 2Q result announcement.

On the intrinsic value of the company, it is easily above $2 per share . 98,212 ha of plantantion land at conservative price of 60,000 per ha worth about $5.9 bil . The book value as at 31/2/20 for the landbanks together with the plant and equipment is $3.93bil. The differential between realisable value and book value is nearly $2bil in excess or 87sen per share. The prospective NA value is therefore $1.16 +0.87 =$2.03 per share .

The price per Ha of $60,000 I used in the calculation is very very conservative which is at the lowest end of the most recent deals ( NPC , TSH) for leasehold plantation East Malaysia. Bplant's about 30,000 ha in West Malaysia , which are mainly freehold should worth a lot more than $60,000 per ha. I must note here that part of malakoff estate in the north was sold at about $980,000 per ha a couple of years ago. Bplant has many such freehold land with development value in West Malaysia.

Interestingly, a few plantation companies newly emerged in the top 30 shareholders this year : NSOP, Chin Teck , Eng Thy Plantation.
These guys know how undervalued is Bplant.

Yesterday appointed New CEO, Zainal Abidin, a financial guy with wide experience as CFO in a few organizations, is probably the right guy brought in to realized the true value of Bplant.

Posted by DLLKT > 2021-07-10 16:59 | Report Abuse

The very important point which we need to pay attention at Boustead plantation is their 30 largest shareholder latest list. Negeri Sembilan Palm Oils Berhad and Chin Teik Plantation Berhad has listed in their top 10 list!!! (Both company control by same major shareholder )

Take over target is very very LIKELY !!!

Posted by Dakewlest > 2021-07-11 22:33 | Report Abuse

According to the edge, bplant is only selling sarawak estate.

Posted by Jonathan Keung > 2021-07-12 14:00 | Report Abuse

Never discount the unseen hands of Syed Mokthar. He is big on commodities trading

Posted by DTTS6338 > 2021-07-12 17:40 | Report Abuse

Good. Going to buyotr at 0.55.

Posted by MuttsInvestor > 2021-07-12 18:57 | Report Abuse

https://www.msn.com/en-my/money/topstories/boustead-plantations-appoints-zainal-abidin-shariff-as-ceo/ar-AALXIQ1 New Boss .... " Zainal Abidin Shariff "

Posted by Tang Khangseng > 2021-07-12 21:07 | Report Abuse

When I look at the news shared by RHB Tradesmart on the appointment new CEO, the 1st thing canes to my mind “time so sell”, damn… look at the history of the new CEO, katak leh…can do work one or not?

Posted by Bgt 9963 > 2021-07-13 08:50 |

Post removed.Why?

Posted by CCWONG > 2021-07-13 10:06 | Report Abuse

Good news by Bplant and moving in the right direction.

Loyal investors, be patient for the further real good news.

Even as for now, the quarterly financial performance will be good.

Bplant's organic financial performance is good on the rising CPO price

Posted by calvintaneng > 2021-07-13 12:06 | Report Abuse

BPlant might be next to go private after IjmPlant

We are now in July 13th 2021 (the 2nd Half of 2021 where "experts" have predicted that CPO will "crash back" to Rm2,500

See what is the Actual Figures

http://mpoc.org.my/daily-palm-oil-price/

https://www.tradingview.com/symbols/MYX-FCPO1%21/

And since Cost of CPO production ranges from a low of Rm1,465(Thplant) to a high of Rm1800 per ton ALL PALM OIL COMPANIES Are now making more than 100% Profits

This is not a One Off but SUSTAINED PROFITS MONTH AFTER MONTH TILL END 2021 & GOING INTO YEARS 2022/2023 & Etc Etc...

This confirmed A New Trend in Strong Real & Incremental Earnings for All Palm Oil Companies notwithstanding the market still overlook its potential

Posted by shiby > 2021-07-13 18:54 | Report Abuse

i think if bplant can reduce their contract price hedging and reduce their overhead cost.it can report better profit for the coming quarter. hopefully that what the new ceo will do since he had CFO background before.

Posted by yumchar > 2021-07-14 16:23 | Report Abuse

This quarter FFB production is 28% higher than previous quarter but don't know whether it will translate to higher profits. Please note this stock has a net short position of 3,673,520, so trade with caution.

Posted by Letsfly > 2021-07-14 23:00 | Report Abuse

no problem, if more come in and buy, the shorters will suffocate and die.

Posted by Johnzhang > 2021-07-16 16:57 | Report Abuse

@aliyusof, I think staggered asset monetisation starting with the low yielding estates in Sarawak is not a bad move at all . That doesn’t stop Bplant to further monetize other landbanks or estates particularly the valuable land banks of high development value in west Malaysia . Staggering the disposals is easier to attract more potential buyers , fetch better rate and politically less sensitive than to sell the entire stakes .
Privatization or not is at the call of Bstead and LTAT and is still possible parallel to the asset monetisation process.
With or without privatization, the asset monetisation plan and the robust CPO market is good enough to reflect Bplant in much higher valuation in the near future. Just be patient to allow the management to work it thru .

Posted by aliyusof > 2021-07-17 13:06 | Report Abuse

TQVM, John

Posted by Plantermen > 2021-07-19 10:10 | Report Abuse

Bplant has acquired big tracts of planted acreage 3 years back when they bought over Duta land estates together with the oil mill. After 3 years of rehabilitation the estate yoeld should be higher { they acquired the land when CPO was in its doldrums}

Posted by Johnzhang > 2021-07-19 12:48 | Report Abuse

They ‘overpaid ‘for the Duta estates which resulted heavy impairment in 2018/19 when CPO was hovering at RM2,000. This year CPO price is double and the estate is rehabilitated I wonder if there will be reversal of impairment made ?

Posted by Plantermen > 2021-07-19 13:03 | Report Abuse

Johnzhang :the possibility is there. " if the impaired asset regain its value. the gain is now recorded in the income statement against the original impairment loss and any excess is then credited as revaluation surplus

Posted by Plantermen > 2021-07-19 13:17 | Report Abuse

In short "reversal of previous impairenent losses can be recognised in assets that are allowed under the measurement scope of IFRS"

Posted by Asia88 > 2021-07-19 15:31 | Report Abuse

Let see whether this happen. But reversal of impairment losses is just paper gain and won't turn into dividend ya.

Posted by brianklc > 2021-07-19 17:00 | Report Abuse

Prudence accounting will not reverse impairment unless there are necessary to do so. With lower asset value due to write down, depreciation are lower too. So long term is beneficial for bplant to remain status quo as lower depreciation charge will offset the interest cost.

Posted by brianklc > 2021-07-19 17:08 | Report Abuse

I really hoped bplant can settle most of its loan during this high CPO time… once this burden removed, bplant can channel more funds to improve yield…

Posted by brianklc > 2021-07-19 17:10 | Report Abuse

And don’t buy any land anymore, it’s proven with bigger land bank, they tend to lose focus

Posted by NorazmiAR > 2021-07-21 09:59 | Report Abuse

https://www.theedgemarkets.com/article/boustead-plantations-sell-sarawak-estates

Just a matter of time before BPlant announcing the sale of their Sarawak which includes two mills and oil palm estates totalling 10,285ha that are planted with mature palms, mostly over 20 years of age. The selling price should be at least 600 millions based on latest transaction price in Sabah.

The share price will jump like Pelikan once it is announced.

Posted by Yippy68 > 2021-07-22 08:34 | Report Abuse

According to 2020 annual report, total land in Sarawak is 26525 ha, if selling at 58k per ha, it should be 1,550 million., i an not sure they are selling part of the Sarawak land., or part of the land been sold secretly earlier, i only guess.

Posted by Jonathan Keung > 2021-07-22 10:10 | Report Abuse

With the high CPO prices prevailing over the past 2 years .BPlant can expect better price valuation's over any land sale. The bonus is the estates comes with it's own oil mills. Oil mill is the profit milling machine

Posted by CCWONG > 2021-07-22 10:14 | Report Abuse

Yes, Sir.

Sale of palm oil estate with CPO Mill & etc will save logistic costs & ensure freshness of the FFBs harvested & ensure high CPO extraction rate and all these add premiums.

Bplant will show its gem colour soon and as for me, hold on tight.

Posted by Leesk > 2021-07-22 13:34 | Report Abuse

we have report here Sarawak plantation land is 26525 ha and 10,285 ha. which one is correct? if 26 k ha dale

Posted by Leesk > 2021-07-22 13:36 | Report Abuse

if 26k ha, the sale proceed based on current mkt can pay off the borrowings and balance of land is free .

Posted by Sslee > 2021-07-22 14:25 | Report Abuse

From Bplant Annual Report 2020 page:164
Location: Hectares: Description Tenure: Age of buildings (Years): Book value: Year of acquisition/ revaluation*
Sarawak
Loagan Bunut Estate, Tinjar: 12,522.9: Oil palm estate & palm oil mill: 1991-2091: 26: 27.6: 1994
Pedai Estate, Sibu: 3,412.8: Oil palm estate: 1998-2058: 5.6: 1998
Jih Estate, Sibu: 2,891.1: Oil palm estate: 1998-2058: 3.4: 1998
Kanowit Palm Oil Mill, Sibu: 45.3: Palm oil mill: 1998-2058: 17: 5.0: 1994
Kelimut Estate, Sibu: 3,444.5: Oil palm estate: 1998-2058: 3.4: 1998
Mapai Estate, Sibu: 2,426.8: Oil palm estate: 1998-2058: 6.4: 1998
Bawan Estate, Sibu: 1,781.1: Oil palm estate: 1998-2058: 5.9: 1998

Posted by lawpc128 > 2021-07-22 14:57 | Report Abuse

Looks like leasehold as 1998-2058 n1991 -2091. If all the estates are still with bplant is non sold we are looking at 26479.2 hectares + 2 oil mills for book value 52.3m. If sell all estates in Sarawak assuming 60k per hectare the amount will be 1.588b. The paper gain is fantastic. Mr Calvin since u are very knowledgeable on plantations can u verify my calculation. Tq

Posted by Plantermen > 2021-07-23 10:13 | Report Abuse

Looking at their past 2 years annual report. No land disposal was reported

Posted by Johnzhang > 2021-07-23 12:58 | Report Abuse

Total 26,500 ha of leasehold land in Sarawak with 10,300 ha planted with oil palm . The rest of the lands are for buildings, mills , some unplanted and some implantable ( ie not suitable for planting). Total book value for the whole asset in Sarawak is $57.30 mil as at 31/12/20. Assuming zero value for the unplanted and implantable areas, the planted area of 10,300 ha with 2 mills should worth 600-650 mil. The profit from.disposal will be $540 -590 mil.

Posted by Johnzhang > 2021-07-23 13:01 | Report Abuse

Typo error : implantable. Should read as unplantable.

Posted by Plantermen > 2021-07-23 13:33 | Report Abuse

Back to back calculations { estimate for a new 60 tonne Oil Mill } is around MRY 60- 80 Million excluding land cost. If piling is involved { peat soil} the cost is substantially higher. The 2 Oil Mill are worth at least 100 million on their own. In addition in milling their own estate's crop they are receiving the FFB from other smallholders and nearby estates . The ratio believed to be betw 60 :40

Posted by PSAi3alert > 2021-07-23 14:59 | Report Abuse

Implants by plastic surgeons should have higher valuations. :)


Johnzhang Typo error : implantable. Should read as unplantable.
23/07/2021 1:01 PM

Posted by NorazmiAR > 2021-07-23 15:52 | Report Abuse

I don't understand why people chasing low profit or unprofitable PAOS, KYM, BCMALL, HWATAI with low NTA and very2 high PE.

Even vaccine-related company HONGSENG is also at an all-time high with low profit, low NTA, and very2 high PE investors are chasing like bitcoin??

Do these investors don't know that today's FCPO price reaches RM4500 today!! And with 28% higher FFB last quarter, BPlant quarter result will be much2 better. On top of that with the pending selling of Sarawak plantation land, the profit and dividend windfall will be enough to push the price above RM1

Posted by hng33 > 2021-07-23 15:58 | Report Abuse

Recurring Quarterly dividend with special dividend if disposal of it sarawak estate materilize

Posted by Beltland > 2021-07-23 16:00 | Report Abuse

This is a money game ,syndicate pump and dump to make money !No need to follow P.E ratio ,Dividend ,NTA, Business growth ... Bla ,Bla ,Bla. And the term is called Goreng Shares !!

Posted by hng33 > 2021-07-23 16:05 | Report Abuse

Cash dividend payout is Real. Quarterly payout with at least 50% render BP one of the highest yield stock.

Next Q result will be much more higher as it take into account both booster, 30% higher CO price + 30% higher CPO production volune, all these are PURE net profit to bottomline.

Posted by Beltland > 2021-07-23 16:26 | Report Abuse

KLSE is a different market, even though BPlant shall produces a profit of 10 to 15 to 20 cts per share with two to three cents dividend at the end of the financial year ,still there will be no guarantee that the share price will go up to 80 cts above !

Posted by hng33 > 2021-07-23 16:26 | Report Abuse

Plantation is only few sector unaffected by MCO. unlike other essential sector which still subject to limit workforce capacity, contrary, full operation plantation is facing shortage workforce.

Posted by Letsfly > 2021-07-23 17:47 | Report Abuse

@Beltland.. what u been smoking? Company performance don't matter??... Why did glove stocks even surged to begin with? Why everyone cared so much about the asp before? Its all due to good business and strong profits... For glove, the main catalyst was covid 19 which generated the demand for gloves... For palm oil will be 2 factors which are cpo price and yield. If you don't feel plantation will rise due to strong profits.. Maybe you are in the wrong forum..