Posted by brianklc > 2022-02-20 15:24 | Report Abuse

SSLee, I am getting that same number too… assuming no deferred tax charge, PATMI is around 106-109m…

Posted by brianklc > 2022-02-20 15:27 | Report Abuse

Bplant, reverse the impairment and surprise us pls…

Posted by kmohan62 > 2022-02-20 17:06 | Report Abuse

Based on the FFB and CPO production for the months of Oct - Dec 2021 and matching with the price of CPO for the same period...my estimated revenue and core profit compared with the previous quarter result works out to be around RM 160 million and RM 120 respectively.

Posted by Plantermen > 2022-02-20 17:15 | Report Abuse

Strong possibility of BPlant reversing and write back the cost impairment. Kitchen sinking exercise [ Year 2018/2019 ] CPO was trading at between $2,400 per tonne to a low of $1,800 per tonne vs 2021 Year CPO price of $3,800 to a high $5,400 per tonne. Vs year 2022 current price of $5,500 - $6,000 per tonne

Posted by brianklc > 2022-02-20 17:55 | Report Abuse

Fingers crossed

Posted by ahbah > 2022-02-20 19:58 | Report Abuse

I thumb UP.

Posted by greatest94 > 2022-02-20 20:50 | Report Abuse

My EPS estimate for Q4 would be 5c

Posted by RJ87 > 2022-02-20 21:14 | Report Abuse

Impairment reversal jiu jiak bo liao… tmr sapu another 50k shares

Posted by Plantermen > 2022-02-21 07:31 | Report Abuse

BPlant write back of thier cost impairment may be the hidden ace for a uplift in the share price. the kitchen sinking exercise resulted BPlant was hit by the write off cost and incurred a loss {a red herring on the bottom line} the price drop like a log. Strictly not a buy call just my own take. Please do your own research

Posted by calvintaneng > 2022-02-21 08:58 | Report Abuse

Happy morning all at Bplant

The year flowing with dividend and more dividend is here

Posted by brianklc > 2022-02-21 10:59 | Report Abuse

Mar FCPO 6.1k

Posted by kevcha66 > 2022-02-21 11:20 | Report Abuse

dropping

Posted by ITCHYLEG > 2022-02-21 11:21 | Report Abuse

Added another 200k Bplant CB @ 32c

NO FXXK NO FUN
NO RISK NO GAIN

Posted by gladiator > 2022-02-21 11:22 | Report Abuse

Profit taking pull back.

Posted by ITCHYLEG > 2022-02-21 11:24 | Report Abuse

FCPO-MAY22
UP 140

Posted by brianklc > 2022-02-21 12:08 | Report Abuse

https://edition.cnn.com/2022/02/20/weather/weather-central-us-cold-snap-snow-storm/index.html

Posted by brianklc > 2022-02-21 12:08 | Report Abuse

any impact to soya bean production?

Posted by gemfinder > 2022-02-21 12:40 |

Post removed.Why?

Posted by D197btg > 2022-02-21 14:51 | Report Abuse

wah, 6% daily correction!!

Posted by Ayambrand > 2022-02-21 15:13 | Report Abuse

the whole plantation red

Posted by D197btg > 2022-02-21 15:15 | Report Abuse

but CPO still standing high.............what a massive profit taking

Posted by Ayambrand > 2022-02-21 15:34 | Report Abuse

Whole last week already green,time for profit taking,as usual

Posted by Ayambrand > 2022-02-21 15:50 | Report Abuse

Time to collect

Posted by MuttsInvestor > 2022-02-21 15:52 | Report Abuse

""" Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter. """ ..... Russia is a BIG Player of WHEAT and EUROPE is going to have a tough time. Ukraine .. likely to have a "civil war" thus exports will be difficult ..... As for IMPACT of CPO.... FOOD prices WILL increase over time and EUROPE is going to be in DEEP INFLATION cycle. Of course US will be HAPPY with HIGH Oil prices as they are the WORLD major supplier. CPO ... Increase will be less link to Europe compared to CHINA.

Posted by MuttsInvestor > 2022-02-21 15:53 | Report Abuse

"" brianklc """ any impact to soya bean production? .......... What do you think ??? Any idea ???

Posted by MuttsInvestor > 2022-02-21 15:56 | Report Abuse

"" Johnzhang """ Sslee's Q4 estimated PBT of $140 mil is very realistic. ...... How about the SALES of the Land ? How are they going to report the Capital Gains of ~~ RM400 million ?

Posted by brianklc > 2022-02-21 16:01 | Report Abuse

not sure, since u r the genius, perhaps u can give ur take on this?

Posted by brianklc > 2022-02-21 16:01 | Report Abuse

eh, so now "Russia" is no longer a taboo?

Posted by brianklc > 2022-02-21 16:07 | Report Abuse

Pls read the announcement on 28 Sep on land disposal. All are spelled out there.

Posted by Johnzhang > 2022-02-21 16:25 | Report Abuse

Mutts, land sales capital gain is in Q1 2022.

Posted by Johnzhang > 2022-02-21 16:25 | Report Abuse

Great opportunity to top up amid some pullback.

Posted by calvintaneng > 2022-02-21 17:31 | Report Abuse

Excellent result

A very nice 4 sen dividend

Posted by calvintaneng > 2022-02-21 17:32 | Report Abuse

land sales will come another bigger dividend in May 2022

Success begets success !

Posted by brianklc > 2022-02-21 17:37 | Report Abuse

announced d?

Posted by loyalok > 2022-02-21 17:40 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3234468

Posted by D197btg > 2022-02-21 18:00 | Report Abuse

better than tanam durian, goyang kaki 8,8% per annum, please do more correction

Posted by brianklc > 2022-02-21 18:08 | Report Abuse

Q4 deferred tax charge as usual, else its 100mil+

Posted by brianklc > 2022-02-21 18:11 | Report Abuse

and i think they help to sell on behalf i think... revenue and operating cost higher by 30mil respectively

Posted by brianklc > 2022-02-21 19:14 | Report Abuse

Mar FCPO kissed 6.2k just now

Posted by gemfinder > 2022-02-21 19:17 | Report Abuse

Qoq drop wor.. ok meh?

Posted by donnybelowski > 2022-02-21 19:17 | Report Abuse

Jual. Next quarter production drop a lot. Go buy Jaya Tiasa.

Posted by brianklc > 2022-02-21 19:30 | Report Abuse

gemfinder, u got read the announcement properly? Lower PATMI due to higher tax charge. U shld look at PBT…

Posted by brianklc > 2022-02-21 19:33 | Report Abuse

JTiasa got exceptional gain?

Posted by Johnzhang > 2022-02-21 19:34 | Report Abuse

Overall, excellent performance!
Q4 2021 PBT of about $137 mil comes in line with my estimate, However, PAT is a bit lower than my expectation due to higher tax.
By comparision, PAT Q4 2021 is 3.26 times higher or 226% increase YOY. Full year PAT is 5.62 times higher or 462% increase YOY. You can't complain , can you?
4th Interim dividend of 4 sen surprised me and total dividend adds up to 8.35sen
DY is 8.9% based on today's closing .
Dividend payout is therefore 78%, deem very generous like before.
PE is 8.7x deem very cheap in view of high DY. Should fetch PE of 15X.
Net cash generated from operations during 2021 is $441 mil, $240 mil used to repay loans, balance used to pay dividend, interest and finance current assets.
CPO price realised for Q4 2021 was $5,044 and FY 2021 is $4,341 which are excellent.
The contribution of disposal gain and cashflow from Kulai land disposal is not in 2021 account except 43 mi deposit is taken in.

FY2022 is expected to be even much better. Cheers!

Posted by gemfinder > 2022-02-21 19:40 | Report Abuse

Y higher tax charge? Bcos of cukai makmur?

Posted by brianklc > 2022-02-21 19:47 | Report Abuse

Deferred tax charge, happens in Q4 each year when they calculate deferred tax. Cukai makmur only happens in YA2022 lol…

Posted by Johnzhang > 2022-02-21 19:49 | Report Abuse

Buy Jayatiasa? Is Jayatiasa paying 8.35sen dividend for FY 2021?
I am optimistic that dividend from Bplant for FY 2022 may be as high as 22 sen (12 sen from operational profits + 10 sen from asset monetisation gain).
Just my opinion for sharing. Cheers!

Posted by brianklc > 2022-02-21 19:59 | Report Abuse

Gemfinder and John, I have given my deferred tax knowledge whn I left my audit firm a decade ago… but for bplant, most likely the Deferred Tax charge due to difference in the carrying value of its land… coz it’s recorded way lower than market rate… if it’s being recognised at market value, it would have higher depreciation… thts causes a temporary difference there…

Posted by gemfinder > 2022-02-21 20:09 |

Post removed.Why?

Posted by RJ87 > 2022-02-21 20:14 | Report Abuse

You guys are more optimistic than me now. Previously, my estimate was 12-16sen. 12sen from operation and another 4sen from land disposal. That time the price was 60-70sen and I was asked to manage my expectations. =D


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Johnzhang Buy Jayatiasa? Is Jayatiasa paying 8.35sen dividend for FY 2021?
I am optimistic that dividend from Bplant for FY 2022 may be as high as 22 sen (12 sen from operational profits + 10 sen from asset monetisation gain).
Just my opinion for sharing. Cheers!
21/02/2022 7:49 PM