Posted by bathgel > 2014-07-03 09:28 | Report Abuse

Buy

Posted by Jonathan Keung > 2014-07-03 09:38 | Report Abuse

the stabilizing banks are given a mandate to support the price within a set price range for a period of 1-2 month from the date of listing. B.Plantations shares (portion)allocation to retail buyers means the counter may be under pressure. CPO prices of late is trending downwards

Posted by rex23 > 2014-07-03 09:40 | Report Abuse

Buy for long term..........in between still can receive dividend

Posted by kkanagasg > 2014-07-03 09:44 |

Post removed.Why?

Posted by Alphabeta > 2014-07-03 09:45 | Report Abuse

Without any earning accredited acquisition in the next two years, the projected core net profit is estimated to be around RM 120 mil, assuming average CPO at RM 2,700 per mt.

This work out to be around 7.5 sen per share, forward P/E around 21. With 60% payout, the DY will be 2.8%.

If it can acquire 10,000 hectares of mature plantation land, the average FFB yield in Malaysia is around 20 mt per hectare and OER of around 20%. That will give 40,000 mt of CPO production per annum. If the average CPO price can maintain around RM 2,700 per mt level, the additional revenue will be RM 108 mil.

If its net profit margin maintain at 27% (could be better if there are operation synergy from the acquisition), that will give another RM 29 mil per annum (EPS 1.9 sen per share). The prospective P/E can go down to 17 and DY up another 0.7% to 3.5%.

It has the financial muscle to do the deal but it is a question of when.

Posted by mbge7clt > 2014-07-03 09:50 | Report Abuse

from Westport experience, this counter is going to be very slow

Posted by speakup > 2014-07-03 11:40 | Report Abuse

better just dump the shares back to Affin IB now while you can. After this month, no more stabalising by Affin.

Posted by speakup > 2014-07-03 12:26 | Report Abuse

Affin IB is owned by Boustead.
Better dump Boustead Plantations back to Boustead (through Affin IB)!

Posted by smalltimer > 2014-07-03 15:22 | Report Abuse

this is like a guaranteed income stock....otherwise all those in LTAT will amoK!

Posted by speakup > 2014-07-03 15:41 | Report Abuse

Bplant is not going move for 1 year, better sell and move to other more 'productive' counters (like Inari, Insas)

Posted by speakup > 2014-07-03 15:42 | Report Abuse

Now got opportunity to dump it back to Boustead at 1.60. Next month, opportunity is gone. Take it while its there

Posted by master_tan > 2014-07-03 18:51 | Report Abuse

If all of u notice, currently institutions are dumping the shares to foreigns. Under this situation, price will not move. We need to wait for institutions buying happen, which I believe will happen soon. At that time, all price will move up. This is happening every cycle

Posted by master_tan > 2014-07-03 18:52 | Report Abuse

Also, current CPO price is consider low for the past few yrs, CPO price will up by next year and this will bring up the EPS and share price

Posted by ktjaven > 2014-07-03 19:56 | Report Abuse

Sold all of mine at 1.61 today... All the best to u'all... for the stabilising mgr to extend support for 3days in a row right after ipo tells something. Usually if an ipo flies, it will do so within first 3days, if it doesnt.... It tells something... ciaooooooo

Posted by mbge7clt > 2014-07-03 21:24 | Report Abuse

told u same story as Westport...

Posted by skyz > 2014-07-03 21:37 | Report Abuse

anytime better than Icon Offshore. I'm holding my cards...

Posted by speakup > 2014-07-04 08:11 | Report Abuse

better just dump it back to Boustead.

Posted by rex23 > 2014-07-04 11:29 | Report Abuse

Sell back to Boustead !!!

Posted by weijian > 2014-07-04 11:38 | Report Abuse

sell all at 1.61 still got 1cent profit, enough for duit raya and baju baru and then buy back after raya, price will drop further....

Posted by Slimy > 2014-07-04 12:13 | Report Abuse

reits counter this

Posted by correction > 2014-07-04 15:23 | Report Abuse

You are right Slimy. It's just paper shuffling from REIT to BPB. Only the selected gets richer. Others got con. What more the CEO from carpet seller to BPB CEO :-)

Posted by correction > 2014-07-04 15:24 | Report Abuse

Just watch for Tanah Makmut IPO, maybank have a fair value of 1.63 with IPO of 1.25

Posted by necro > 2014-07-04 15:49 | Report Abuse

Initial capital RM124MILLION then balooning to RM1.6BILLION from IPO at RM1.60...
Boustead such a conman!!!!

Posted by necro > 2014-07-04 15:54 | Report Abuse

RM1.476 BILLION pocketed to Boustead,u get paper of BPLANT with majority of tree is 14years old(already pass prime age)....

Posted by necro > 2014-07-04 15:58 | Report Abuse

With initial capital of RM124MILLION currently BOUSTEAD shares worth only RM0.0775...
RM1.60 IPO-RM0.0775=RM1.52

RM1.52 POCKETED INTO BPLANT TOP2 PERSON....
SHIT!!!...

LIST THEN DELIST,RELIST AS BSDREIT THEN DELIST AFTER THAT RELIST USING BPLANT....
VERY CON....

Posted by necro > 2014-07-04 16:03 | Report Abuse

If Bplant use its proceed from ipo it takes 20years for them to reach capital value of RM1.60 IPO,considering every year its EPS consistent at RM0.0775/ANUM....

Anyone that trust on Bplant go ler invest...wondering this is why no ppl buying the shares...

Posted by TonsilBasher > 2014-07-04 18:40 | Report Abuse

No wonder people say there is no free lunch. Now I see. We all been conned.

Posted by Chua Zhi En > 2014-07-04 18:48 | Report Abuse

if like that any expert can share ur view how low the price will go?

Posted by beso > 2014-07-04 19:10 | Report Abuse

with the earning forecast of just 7.x cents eps，this company worth not more than 0.85 per share

Posted by Chua Zhi En > 2014-07-04 21:20 | Report Abuse

thanks!

Posted by Subrie > 2014-07-07 02:50 | Report Abuse

Affin have another 50 million share to buy stabilize the share. Still a long way to go.

Posted by speakup > 2014-07-07 07:47 | Report Abuse

guys & gals, just dump the shares back to Affin IB NOW! Ini kalilah!

Posted by kenziumc > 2014-07-07 13:09 | Report Abuse

but it seems like price is stabilised at 1.60 with large buying volume....

Posted by beso > 2014-07-07 13:45 | Report Abuse

wait & see how will market respond when the market stabilization project phases out

Posted by YANG231011 > 2014-07-07 14:04 | Report Abuse

May I know how long it takes for the stabilization plan ? 1 month ?

Posted by john29 > 2014-07-07 14:05 | Report Abuse

30day only

Posted by yipgusing > 2014-07-07 17:56 | Report Abuse

wost ipo stock

Posted by sephiroth > 2014-07-07 18:55 | Report Abuse

Without stabilisation action, bplant n icon will be min 10-15% below ipo price

Posted by master_tan > 2014-07-08 13:20 | Report Abuse

could be 20% below ipo price

Posted by weijian > 2014-07-08 13:54 | Report Abuse

london bridge is falling down

Posted by Victor Tai Yong Sheng > 2014-07-08 15:07 | Report Abuse

just hold until next quater & we shall see

Posted by kenziumc > 2014-07-08 19:10 | Report Abuse

very strong support at baseline 1.60...

Posted by macai > 2014-07-09 07:28 | Report Abuse

sold all mine 30000 at 1.61 yesterday. its going to be free fall after stabilisation period. ....

Posted by speakup > 2014-07-09 07:50 | Report Abuse

good move macai! dump back all the shares to Boustead thru Affin IB. Better dump it back now at high price 1.60 while there opportunity is there.

Posted by speakup > 2014-07-09 11:35 | Report Abuse

who is the stupid ppl queueing to sell so much at 1.61? just dump it to Affin at 1.60 lar. 1 sen makes no difference!

Posted by speakup > 2014-07-09 11:37 | Report Abuse

4.4 Mil shares queue to sell at 1.61. Better they just dump it to Affin IB, queueing to buy 6.1 Mil shares at 1.60.

Posted by Doss > 2014-07-09 13:30 | Report Abuse

Hi guys, when is the stabilization period expiring for the Boustead Plantations.Thanks.

Posted by Subrie > 2014-07-09 23:28 | Report Abuse

In another 2 weeks.

Posted by speakup > 2014-07-10 07:49 | Report Abuse

Better sell Bplant now while stabilising manager Affin is still there. At least can sell at 1.60. After stabilising period over, why panic sell at 1.50? Be smart, dump to Affin at 1.60 now!

Posted by skyz > 2014-07-11 13:37 | Report Abuse

and you are queuing at 1.60 rite? if you have exit this counter, why are you so concerned and dropping by this counter everyday to trigger us to sell?