EPU approval already granted on 6 Jan. Land surveyor to establish the final sum has also completed. It’s a done deal pending some paperwork. Q1 2022 NPAT will be around $423 mil ($323 mil gain from land disposal + about $100 mil npat from operations). EPS Q1 2022 will be about 19.2 sen for a share trading at 71sen! Can you believe it ?
Funny thing is, y bother to announce this whn extension granted till 28 Jan? Might as well announce deal go through a few days later? Tactically good news announced twice is better?
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its rally to close at RM5,322 a tonne for the April contract.
Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged after the Indonesian government confirmed it will restrict palm oil exports.
Indonesia's foreign trade director-general Indrasari Wisnu Wardhana said Friday the republic will restrict exports to control the supply of domestic cooking oil in the country.
A media report said the restrictions will apply for six months starting Jan 24.
“(Based on) market players’ rumours, most likely the proposal will be 70% domestic supply and 30% export,” Sathia told Bernama.
Palm oil trader David Ng said Indonesia's move to curb palm oil exports will push up demand for Malaysian CPO as the big buyers will continue to search for alternative sources.
Why when palm oil price have reach new all time high but company share price still not moving up?? Other loss making or small profitable company can jump to all time high without much fundamental or news/MOU that may not even materialize. (WOODLANDOR,COMPLETE LOGISTIC, SMTrack)
Why operator want to goreng these unpromising stocks instead of palm oil company that already set in stone strong earning in coming Quarter results? Bursa really is a twisted environment for investment
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its rally to close at RM5,322 a tonne for the April contract.
Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged after the Indonesian government confirmed it will restrict palm oil exports.
Indonesia's foreign trade director-general Indrasari Wisnu Wardhana said Friday the republic will restrict exports to control the supply of domestic cooking oil in the country.
A media report said the restrictions will apply for six months starting Jan 24.
“(Based on) market players’ rumours, most likely the proposal will be 70% domestic supply and 30% export,” Sathia told Bernama.
Palm oil trader David Ng said Indonesia's move to curb palm oil exports will push up demand for Malaysian CPO as the big buyers will continue to search for alternative sources.
Posted by NorazmiAR > Jan 22, 2022 11:51 AM | Report Abuse
Why when palm oil price have reach new all time high but company share price still not moving up?? Other loss making or small profitable company can jump to all time high without much fundamental or news/MOU that may not even materialize. (WOODLANDOR,COMPLETE LOGISTIC, SMTrack)
Why operator want to goreng these unpromising stocks instead of palm oil company that already set in stone strong earning in coming Quarter results? Bursa really is a twisted environment for investment
Jan 27): Oil palm planters in Malaysia are confronting a hard truth — behind the red-hot rally in prices are thousands of jobs that nobody wants.
While high prices typically encourage planting and production of crops, output in No. 2 grower Malaysia slumped to a five-year low last year and planters say the main reason for that is the industry’s worst-ever shortage of workers.
The inability to increase supply in response to rising prices goes to the heart of what’s driving palm oil to record highs. Output growth in top producer Indonesia is slowing too. This is important for global food inflation because the two countries account for more than 80% of world supplies, and consumption of the edible oil in everything from food, to detergent and fuel is expanding.
“The volume of palm oil that will come onto the market is more or less fixed and not going to grow very much,” said Julian Conway McGill, Head of South East Asia at LMC International, a consulting firm. “But the world keeps needing more vegetable oil for food. We need to get those yields up.”
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description BOUSTEAD PLANTATIONS BERHAD ("BPB" OR "COMPANY") DISPOSAL OF KULAI YOUNG ESTATE (DISPOSAL) We refer to the announcements made on 28 September 2021 and 13 January 2022 in relation to the Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcement dated 28 September 2021 shall apply herein.
On behalf of the Board of Directors of BPB, Affin Hwang Investment Bank Berhad wishes to announce that the Disposal had been completed on 27 January 2022 for a total Disposal Consideration of RM428.77 million.
Damn la this KLSE market. CPO already new record high 5.6k but still Bplant can drop 1 cent today!!! Unbelievable.
Many O&G stocks Armada, Hibiscus, Carimin, etc getting higher even Brent Crude oil not yet reaching all time but plantation stock barely move with current highly profitable CPO price.
Next catalyst will only be Quarter result next month. Hopefully with land disposal completion announcement and elevated profit, Bplant can moves above 80 cents
>> It pointed out that since listing in 2014, Boustead Plantations has sold 2,164 hectare of land, raised RM1bil in gross proceeds, and recognised total disposal gains of RM900mil. It has also paid out RM1bil in total dividends since listing.
Can anyone tell me the below has anything to do with Bplant?
Posted by Mikecyc > Jan 28, 2022 6:54 AM | Report Abuse
Boustead oredi sold Hotel , Cruise Port ( bought by MMC n Westport ) . Parliament is debating on the 6 navy ship which being delayed 3 years to handover the 1st Navy ship as Gov had paid RM 6 billion out of total payment RM 9 billion ...
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Posted by calvintaneng > 2022-01-19 08:28 | Report Abuse
Tonga volcano eruption might just trigger a prolonged rise of food prices like never before