Posted by TryMakeGoodBuy > 2021-10-27 00:47 | Report Abuse

just buy the mother shares.
Dividend is round the corner.
Bplant has a good dividend policy in place.
Shares is expected to go up with the coming good result from record cpo prices

Posted by Yippy68 > 2021-10-27 03:02 | Report Abuse

i lose quite some money on warrants. i told myself never involve any more.

Posted by brianklc > 2021-10-27 10:06 | Report Abuse

MBB is the buyer n seller of all the 200k queues

Posted by CCWONG > 2021-10-27 10:24 | Report Abuse

The last time I bought Warrants is more than 20 years ago & never attempt again as I still bear the negative experience.

Posted by qinvestor > 2021-10-27 10:49 | Report Abuse

Guys, like to seek better understanding of MBB Warrant, after reading online.

As mentioned by Asia88
The call price is set at 0.68, but there is a another cost price of 0.185 so the share price must go above 0.865 one year later for you to make money right?

And this cost price of 0.185, I can see it fluctuates, MBB is the Chonker/House since they are the issuer of 100m of this lots, so they basically have most control this cost price right? They can always slowly inflate this cost price to 0.50 or 1.00 too right?

Is my understanding correct?

Posted by free808 > 2021-10-27 11:25 | Report Abuse

trymakegoodbuy .... yes agreed, at least, BPlant will declare better dividend

Posted by brianklc > 2021-10-27 14:35 | Report Abuse

Q, u r right… and they are holding all the chips closely. With short expiration, it’s very risky… unless someone wanna use MBB holdings to take over bplant using cb, by exercising the cb n convert it into shares…

Posted by brianklc > 2021-10-27 14:41 | Report Abuse

By subscribing to cb, u r paying MBB the share of profit from Johor land sales upfront

Posted by Asia88 > 2021-10-27 14:54 | Report Abuse

Yeah. Don't play with IB on warrant unless you are really super rich. Some of them lose a lot on glove last year.

Posted by qinvestor > 2021-10-28 10:33 | Report Abuse

Thanks, just wanted to understand the intention of the IB's, it seems very profitable for IB to do call-warrants, and I think they prefer industries and companies with low competition in volatility.

Posted by calvintaneng > 2021-10-29 07:55 |

Post removed.Why?

Posted by Asia88 > 2021-10-29 14:13 | Report Abuse

Calvin : How you define the high dividend? I don't think will be high dividend as management might use the money to lower down the borrowing.

Posted by brianklc > 2021-10-29 14:25 | Report Abuse

Agree with Asia88, i think the profits from land sales will be used to settle the loans. HOWEVER, with high CPO price, expect 8-10 sen annual div till end of FY22?

Posted by brianklc > 2021-10-29 17:51 | Report Abuse

Does 0% RPGT for 6yrs above announced in today Budget benefits bplant? Or it’s for residential only?

Posted by brianklc > 2021-10-29 18:03 | Report Abuse

Aiyoh, corporate tax increase

Posted by MuttsInvestor > 2021-10-29 20:43 | Report Abuse

""In Budget 2022, the government plans to introduce a one-off corporate tax of 33% for any company with an income over RM100mil for the year 2022.

This tax is known as "cukai makmur" (prosperity tax). The corporate tax for income below RM100mil remains unchanged at 24%. """ ... Increased from 24% to 33% for 2022 ONLY ??

AND ...Changes to CPO levy.

"" KUALA LUMPUR (Oct 29): The government has agreed to raise the threshold value of the windfall profit levy for palm oil in Peninsula Malaysia from RM2,500 to RM3,000, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

For Sabah and Sarawak, the threshold value of the levy will be raised from RM3,000 to RM3,500 and the levy rate in the two states will be aligned with the peninsula at 3% """

Posted by MuttsInvestor > 2021-10-29 20:45 | Report Abuse

Can experts here do a quick estimate of the Impact on Bplant ..Net Profit after TAX ?? ( Considering BOTH the above changes )

Posted by Johnzhang > 2021-10-29 21:04 | Report Abuse

Windfall profit levy threshold for crude palm oil prices to be increased from RM2,500 per tonne to RM3,000 per tonne for Peninsular Malaysia and from RM3,000 per tonne to RM3,500 per tonne for Sabah and Sarawak. The tax rate for Sabah and Sarawak will also be raised to 3%, in line with the rate in Peninsular Malaysia, when prices exceed the threshold.
This change shall marginally impact plantation companies purely in East Malaysia of CPO continue to stay at present very high level. However it is not clear if the sales tax which is only imposed on Sabah and sarawak state government will be revised downward by 1.5% to compensate the 1.5% increase in Federal windfall tax ? In the long run , the new tax structure is beneficial when CPO price regularise .

Posted by Johnzhang > 2021-10-29 21:06 | Report Abuse

Govt to introduce Cukai Makmur, a special tax on a one-off basis to companies generating high profits. The first RM100 million in taxable earnings will be taxed at 24% while the remainder will be taxed at 33% for the tax assessment year of 2022.

Posted by Johnzhang > 2021-10-29 21:09 | Report Abuse

It is not clear whether cukai makmur is applicable to oil palm plantation companies who already paying windfall tax. If it is on top of windfall tax , the Cukai makmur shall impact bigger companies which earn in 2021 more than $100 mil NPBT . Companies that earn less than $100 mil NPBT are spared.

Posted by Johnzhang > 2021-10-29 21:11 | Report Abuse

Is the cukai Makmur imposed at company level ( corporate tax is imposed at company level anyway) or it is applied at group level ?
More details are needed to aases the impact .

Posted by Johnzhang > 2021-10-29 21:13 | Report Abuse

most listed plantation group including Bplant Bhd consist of a numbers of smallers subsidiary companies. The accounts of the subsidiary companies are consolidated to group level to be reported on.qtrly basis to the market/Bursa . Each subsidiary company is a legal entity by itself .

Posted by MuttsInvestor > 2021-10-29 22:07 | Report Abuse

Thanks for Analysis... Johnz !!! I suspect that with smaller business entities within Bplant .. the Cukia Makmur ( 24% to 33% ) may NOT apply to Bplant. ?????

Posted by MuttsInvestor > 2021-10-29 22:13 | Report Abuse

I suspect the levy increase of 2500 to 3000/3000 to 3500 , would help to offset the increase of Labour and fertilizers prices expected. So plantation Bottom line maybe maintained ???

Posted by MuttsInvestor > 2021-10-29 22:18 | Report Abuse

The Budget seems to "help" small planters where the Cukai Makmur will NOT apply. But the Reduction of levy will offset the likely increase of fertiliser and labour cost. Big Plantations like Sime, KLK, IOI, etc ....... would likey be affected by the Cukai Makmur.

Posted by MuttsInvestor > 2021-10-29 22:19 | Report Abuse

Hope above would "Point" to counters worth collecting further .... LoL !!!!!!!!

Posted by brianklc > 2021-10-29 23:29 | Report Abuse

Ok, let hoped impact to bplant is minimal, bear in mind bplant can easily make 200m+ if CPO above 4.5k… Just wonder if the new RPGT rates helps?

Posted by Johnzhang > 2021-10-30 06:44 | Report Abuse

Bplant consist of the following subsidiaries Companies which collectively contribute to the group profit of may be $200 mil this year. As corporate tax is at each company's level , I suspect, Bplant is not affected by makmur tax. Likewise, most plantations are structured this way .
Boustead Telok Sengat Sdn Bhd
Boustead Eldred Sdn Bhd
Boustead Solandra Sdn Bhd
Boustead Agency and Consultancy Services Sdn Bhd
Boustead Rimba Nilai Sdn Bhd
Boustead Emastulin Sdn Bhd
Boustead Gradient Sdn Bhd
Boustead Trunkline Sdn Bhd
Boustead Pelita Kanowit Sdn Bhd
Boustead Pelita Tinjar Sdn Bhd
Boustead Pelita Kanowit Oil Mill Sdn Bhd
Boustead Estates Agency Sdn Bhd
Bounty Crop Sdn Bhd
Boustead Life Sciences Research Sdn Bhd

Posted by Johnzhang > 2021-10-30 07:04 | Report Abuse

If I am not wrong , company is subject to 10% RPGT for disposal 6 years and above under existing law. Removal of RPGT at this threshold help to save a lot of money for Bplant who will make huge gain on disposal of kulai young and subsequently plantantion in sarawak. Correct me if I am wrong .

Posted by Johnzhang > 2021-10-30 08:27 | Report Abuse

From the company's announcement $39.48 mil for RPGT has been budgeted for kulai young estate disposal. Since SPA is 28/9/2021, the company will not enjoy the RPGT waiver unless exemption granted by IRB.

Posted by InvestIcon > 2021-10-30 10:11 | Report Abuse

The budget effective date is 1/1/22. Kulai Young estate disposal is not affected by the budget.

Posted by MuttsInvestor > 2021-10-30 11:22 | Report Abuse

if previous sales agreement is Annul first. then a new S

Posted by Johnzhang > 2021-10-30 11:44 | Report Abuse

@MuttsInvestor, that one way to go about saving almost $40 mil. That sum is enough to pay additional 2 sen special dividend. Hahaha..,
May be Bplant should step up monetising more development land to take advantage of the waiver in 2022.

Posted by calvintaneng > 2021-10-30 15:12 |

Post removed.Why?

Posted by danny123 > 2021-10-30 19:11 | Report Abuse

There is no bull here.

Got people keep on asking u to buy and hold tight.

Dont get trap

Posted by Johnzhang > 2021-11-01 10:04 | Report Abuse

Dividend payment is after tax. Capital investment and loan repayment are balance sheet items and have no bearing on tax .
In any case , Bplant will not be affected by the 2 tiered cukai Makmur although it's group profit exceed $100 m for reasons already explained.

Posted by danny123 > 2021-11-01 11:39 | Report Abuse

Superbull RUN away already

Dont get trap

Posted by Johnzhang > 2021-11-01 13:51 | Report Abuse

National Budget Office director Datuk Johan Mahmood Merican said the government is committed to ensuring that the utilisation of Cukai Makmur was transparently disclosed given that it is intended as a one-off tax to help support some of the increased requirements of COVID-19 health crisis.

"Our tax system is actually based on the company level. We do not look at the groups of companies as they will be taxed at an individual company level. In terms of utilisation, by law, all taxes go into a consolidated fund," he said on the BFM Radio’s Breakfast Grille programme today.

Posted by CCWONG > 2021-11-01 13:54 | Report Abuse

Overall, the Average CPO price is still very high and any tax is secondary to the overall earnings.

Posted by danny123 > 2021-11-01 15:27 | Report Abuse

Bull run over for CPO.

Price will come down slowly

Posted by danny123 > 2021-11-01 15:30 | Report Abuse

Buy and get trap

Posted by CCWONG > 2021-11-01 15:31 | Report Abuse

Actually oil palm bull run has not even started and why say, it has ended

Posted by Johnzhang > 2021-11-01 15:33 | Report Abuse

Gear up for very robust Q3 earning reporting which is in this month!
Bear in mind that CPO is still well above $5,000 , a historical high level.

Posted by brianklc > 2021-11-01 17:15 | Report Abuse

danny123 character is created to vs calvintaneng, we can ignore

Posted by brianklc > 2021-11-01 17:17 | Report Abuse

But damn, it’s bloodbath today… cukai makmur+ stock trade stamp duty up 50% from 1% to 1.5%

Posted by CCWONG > 2021-11-01 23:22 | Report Abuse

Average CPO Price per ton for October 2021 is RM5,051.00.

Posted by Johnzhang > 2021-11-02 09:21 | Report Abuse

FBMKLCI: 1,530.92 (-31.39)
Bursa Trade Statistics:
Local Institutions (45.5%): -RM329.3m
Local Retail (31.3%): +RM314.3m
Foreign (23.2%): +RM15.0m

From the trades , Foreigners are not worried by the cukai Makmur, local institutions are! Mind boggling!

Posted by Johnzhang > 2021-11-02 09:54 | Report Abuse

IBs and many pessimist are relentlessly worried that CPO price will fall since the day CPO reached $3,000/- in 2020. CPO reached $5,350 now! Should investors be too concerned if CPO price correct down from today's level ?
I would like to share the year's high (H) , low (L) and the simple average (Avg) from year 2008 to 2021as below :
2008. $4179 (H) , $1403 (L) , $2791 (Avg)
2009. 2887,. 1630. 2259
2010. 3782. 2386. 3084
2011. 3930. 2786. 3358
2012. 3567. 2027. 2797
2013. 2635. 2157. 2396
2014. 2917. 1933. 2425
2015. 2360. 1802. 2081

2016. 3243. 2181. 2712
2017. 3344. 2338. 2841
2018. 2555. 1718. 2137
2019. 3025. 1834. 2430
2020. 3835. 2021 2928
----------------------------------------------------
Avg. 3251. 2017. 2634
----------------------------------------------------
2021YTD 5395. 3471. 4434

2021's H is 29% higher than the highest H (2008)
2021's H is 66% higher than the avg H 2008-2019
2021's L. Is 147% higher than the lowest L (2008)
2021's L is 72% higher than the avg L 2008-2019
2021's Avg is 68% higher than the Avg 2008-2019.

Despite the above , all plantantion counters stock prices are 20-50% below the highs achieved in 2008 -2020 period . Mind boggling indeed.

So, why should there be worries if CPO price indeed correct for 10-20% next year ??

Posted by TryMakeGoodBuy > 2021-11-02 12:50 | Report Abuse

Buy now, dividend coming!

Posted by CCWONG > 2021-11-02 13:15 | Report Abuse

Thanks, I smelled it too.