Posted by zillionkoh > 2018-12-27 07:41 | Report Abuse

now government implement B10 diesel for commercial vehicles and will see the impacts in coming quarter.

Posted by scotthong > 2018-12-30 01:25 | Report Abuse

BPLANT (5254) - Technical Analysis

https://www.fundamental-technical-analysis.com/

Please support

Posted by dboulevard > 2019-01-03 10:50 | Report Abuse

Up up

Posted by Leesk > 2019-01-07 17:22 | Report Abuse

good progress on share price

Posted by Leesk > 2019-01-07 17:22 | Report Abuse

who is buying?

Posted by Yippy68 > 2019-01-08 09:10 | Report Abuse

go baby go

Posted by signalmw > 2019-01-08 11:21 | Report Abuse

up 20 sen in a week. too expensive

Posted by Kishin Sham Mahtani > 2019-01-08 13:19 | Report Abuse

it was 1.29 earlier this year then dropped now someone accumulating and its a solid dividend counter but how long can do this god knows

Only good part is its major share holders are some serious Trust funds and its asset base worth more than its share price so a good counter for long term gain

In short term just ride the roller coaster as it is

Posted by signalmw > 2019-01-09 07:34 | Report Abuse

她也说，一旦准备好有关信函后，原产业部将把一份副本发给大马媒体。据报道，继瑞士和法国之后，挪威是第3个通过禁用棕油议决的欧盟国家。

Posted by LouiseS > 2019-01-09 16:34 | Report Abuse

Future challenges faced include the increased supply of alternative vegetable oils and reduced demand for biodiesel, and competition from Indonesia. Other influence include e.g. Indian government increasing import tax on vegetable oils, EU phasing out palm oil from EU biofuel

https://louisesinvesting.blogspot.com/2019/01/comments-on-boustead-plantations-berhad.html

Posted by lowbuyhighsell > 2019-01-10 15:40 | Report Abuse

实达：向莫实得种植购槟土地应免GST

Posted by joetay2 > 2019-01-11 01:08 | Report Abuse

but we r more interested to know when u go into bankruptcy, 4mth old.

btw, why u no join stock pick 2019????

if u win me, i can no longer make fun of u.

or u too scared to be laughed at by all of us????

lol...........

Posted by Yippy68 > Jan 8, 2019 09:10 AM | Report Abuse

go baby go

Posted by dboulevard > 2019-01-11 08:33 | Report Abuse

Joetay f off if you're not talking abt bplant

Posted by joetay2 > 2019-01-11 10:09 | Report Abuse

why discuss bplant since there is no story for this stock????

might as well expose jokers for all to see.

lol........

Posted by dboulevard > Jan 11, 2019 08:33 AM | Report Abuse

Joetay f off if you're not talking abt bplant

Posted by Yippy68 > 2019-01-11 12:54 | Report Abuse

a slut full of jealousy and inferiority . god should take her away.

Posted by joetay2 > 2019-01-14 16:00 | Report Abuse

but 4mth old, why r u so scared of my postings????

i must have said the truth abt u going bankrupt soon then????

lol..........

Posted by Yippy68 > Jan 11, 2019 12:54 PM | Report Abuse

a slut full of jealousy and inferiority . god should take her away.

Posted by dboulevard > 2019-01-14 22:27 | Report Abuse

F your mother joetay

Posted by Yippy68 > 2019-01-15 09:19 | Report Abuse

hi, guys, please be cautious of a suspected ugly, dirty, diseases carrying prostitute hanging in I3. Do not get attached. She is mentally sick.

Posted by enigmatic > 2019-01-15 16:33 | Report Abuse

Ridiculous price.
Unreasonable for Bplant to be at RM0.90 when FGV is at RM0.895.
Bplant is so much better than FGV in fundamentals.

Posted by joetay2 > 2019-01-15 18:59 |

Post removed.Why?

Posted by joetay2 > 2019-01-16 08:29 |

Post removed.Why?

Posted by Jaya > 2019-01-16 17:23 | Report Abuse

Yippy
He also goes under newinvestor17 and saham4u in AA forum
Causing the same nuisance

Posted by joetay2 > 2019-01-16 19:09 |

Post removed.Why?

Posted by Jaya > 2019-01-17 11:13 | Report Abuse

Yippy
He started another one :
listener
Make you right not well la he

Posted by Jaya > 2019-01-18 13:54 | Report Abuse

This counter quiet today

Posted by ken > 2019-01-18 15:32 | Report Abuse

I have abit of Bplant since it listed. And I bought many when it drop below 0.70 few weeks ago. This counter could go up to 1.20/1.30 only... their management are old and kurang aggresive, but kuat belanja. Hope change of management will improve... If Bplant manage under IOI or KLK.. it could easily above RM2. Safe counter with good dividend and still got 20% up opportunity. Definately few times better than FD...

Posted by sg999 > 2019-01-22 15:03 | Report Abuse

where got 20%?????????

Posted by Kishin Sham Mahtani > 2019-02-19 14:45 | Report Abuse

so quiet here, this week financials how do we see them going

Posted by BigWin1688 > 2019-02-20 08:29 | Report Abuse

Bplant still holding alot land

Posted by BigWin1688 > 2019-02-22 12:34 | Report Abuse

dividend is coming

Posted by sg999 > 2019-02-23 00:37 | Report Abuse

sell land got special dividen???

Posted by Kishin Sham Mahtani > 2019-02-23 01:03 | Report Abuse

maybe 10 cents dividend lol.....

Posted by simpled > 2019-02-25 10:32 | Report Abuse

got news bplant selling land meh ? I thought they just bought land in sarawak/sabah last QR only ?
If you got insider news and they really sell the land then I foresee myself selling all my shares when this QR is out.....

Posted by Greatleaper > 2019-02-25 17:59 | Report Abuse

Bad qr, no dividend.. sure drop!

Posted by free2invest > 2019-02-25 18:03 | Report Abuse

Aiyoo... Loss and no dividend.... I said before to sell after bonus issue

Posted by Kishin Sham Mahtani > 2019-02-25 19:42 | Report Abuse

this time no dividend sure one big sell off tomorrow ......people will panic and throw and this is sad as people expect dividend this counter always

Posted by free2invest > 2019-02-26 09:29 | Report Abuse

sell now

Posted by speakup > 2019-02-26 09:59 | Report Abuse

speakup sold off all just before bonus issue. no regrets

Posted by free2invest > 2019-02-26 10:54 | Report Abuse

Suffered loss, that's why no dividend. I expected next quarter will be loss and no dividend.

Posted by Murad_2 > 2019-02-26 10:55 | Report Abuse

How low it will go this time... 0.8?

Posted by joetay2 > 2019-02-26 13:21 | Report Abuse

another bankrupt stock for 4mth old yippy68.

so when u filing for bankruptcy, 4mth old yippy68????

lol........

Posted by Yippy68 > 2019-02-27 01:46 | Report Abuse

This prostitute appear again, i thought she is dead.
...
With your type of character and bad mouth, it will not be a surprise that soon , god will take you away... be very cautious

Posted by 660220adsiil > 2019-02-28 22:17 | Report Abuse

Stupid management. People bought this counter because of quarterly dividend. If you pay us half cent we are very happy already because we know your company is losing money. You see knee jerk reaction from those who are frustrated which bring down price from 97 cents to less than 80 cents...lousy management

Posted by Mohd Fadly Aizat > 2019-03-01 18:17 | Report Abuse

Yes I agree. If retail trader have power to vote sure they kena tendang punya. Their bonus include dlm company punya expense..shame on them

Posted by sg999 > 2019-03-05 00:16 | Report Abuse

y no dividen????

Posted by 660220adsiil > 2019-03-14 14:49 | Report Abuse

Terrible couunter..just throw 126,000 shares

Posted by KupiTenom > 2019-03-20 07:04 | Report Abuse

BOUSTEAD PLANTATIONS BERHAD (1245-M)
UNAUDITED CONDENSED STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME

#For the quarter ended 31 December 2018

(ii) Proposed Land Acquisition
On 1 August 2018, Boustead Rimba Nilai Sdn Bhd ("BRNSB"), a wholly-owned Subsidiary of the Company entered into a sale and purchase agreement ("SPA") with Sit Seng & Sons Realty Sdn Bhd and its related parties for the acquisition of oil palm plantation lands within the District of Beluran, Kinabatangan and Labuk & Sugut comprising 17 land titles measuring a total of 12,144.99 acres (4,915.25 hectares) together with a 75 tonnes per hour palm oil mill and buildings erected thereon as well as movable assets, machineries and vehicles for a cash consideration of RM397 million.

BRNSB has paid a 10% deposit. Conditions precedent set out in the SPA have not been fully fulfilled. The Proposed Acquisition is expected to be completed by the second quarter of 2019.

Posted by Patrick13 > 2019-03-20 17:19 | Report Abuse

HIT by high costs and falling crude palm oil (CPO) prices, and digesting a big RM750 million land acquisition, Boustead Plantations Bhd sank to a historic loss in the financial year just ended. But the planter expects the situation to improve this year, although it still has one major land acquisition — with a RM397 million price tag — to pay for soon.

The group tells The Edge that it expects CPO prices to recover, production costs to ease and productivity to improve.

“We may consider lightening our balance sheet through the monetisation of non-core assets as interest expenses are estimated at about RM200 to RM250 per tonne of CPO,” says a company spokesman via email.

With the monetising of non-core assets “with high development potential” on the cards over the next three to four years, the subsequent debt reduction may yield interest savings of RM80 to RM90 per tonne of CPO in the first two years, it adds.

To recap, Boustead Plantations posted a net loss of RM51.78 million for the 2018 financial year ended Dec 31 (FY2018), its first full-year loss since listing in 1973. Revenue fell 23.2% year on year to RM584.01 million.

Its top line came under pressure as CPO prices continued to decline last year, from about RM2,500 per tonne in January to as low as RM1,718 by November.

Costs were also high — the planter was only profitable for 1QFY2018. Maybank Research estimated that the planter’s all-in production costs came to RM2,510 per tonne last year.

The historic loss meant it did not declare a dividend for 4QFY2018, breaking its decades-long track record of paying quarterly dividends.

To be fair, the situation was not unique to Boustead Plantations as some of its peers were also facing a financial squeeze due to similar factors.

However, the falling CPO price environment came at a bad time for Boustead Plantations, which had been shopping for new plantation assets.

One of them was its RM750 million purchase of 11,579.31 acres of plantation land located across 42 parcels in the Beluran district, Sabah, which was completed and paid for on May 16 last year.

The estates were sold by Pertama Land & Development Sdn Bhd, a unit of Dutaland Bhd.

In that quarter, it added RM703.26 million in borrowings to its balance sheet. Between March 31 and June 30, short-term borrowings nearly doubled to RM656.48 million.

It also recorded RM380.81 million in long-term borrowings — the firm did not have long-term borrowings as at March 31, 2017.

As at Dec 31, 2018, its long-term borrowings stood at RM373.09 million, while short-term borrowings amounted to RM744.6 million. Net gearing stood at 0.4 times.

According to Boustead Plantations, the financing costs for the Pertama estates alone came to RM23 million last year, or about RM100 per tonne of CPO.

The group also had to incur start-up expenses for the Pertama estates operations that led to about RM30 per tonne of CPO in net loss, excluding amortisation and financing costs, it added.

In addition, it incurred amortisation charges on land and bearer plants — due to the first-year adoption of the Malaysian Financial Reporting Standards (MFRS) 141 and 116 effective January 2018 — of about RM400 per tonne of CPO last year.

“Excluding the exceptional charges (from MFRS adoption and Pertama estates), our adjusted all-in production costs (would have been) below RM2,000 per tonne in FY2018,” the group says.

The higher average cost was also due to a shortage of harvesters, which led to a 1% y-o-y drop in fresh fruit bunch (FFB) production last year.

Last Thursday, Boustead Plantations’ shares closed at 81.5 sen apiece. The stock has fallen sharply from its one-year peak of RM1.34 per share in mid-May last year to as low as 69 sen by December — a multi-year low.

Posted by Patrick13 > 2019-03-20 17:20 | Report Abuse

Borrowings burden

The group expects to turn itself around this year. Among other issues, it says labour shortages are being addressed by increasing mechanisation while ramping up its labour recruitment drive this year.

Overall, the planter expects FFB output to rise this year with the full-year consolidation of production yield from the Pertama estates. “As Pertama’s production yield improves, unit costs of production are expected to ease in FY2019. Production costs are expected to be lower in FY2019 compared with FY2018.”

It also expects CPO prices to recover and average RM2,450 per tonne this year, supported by an expected reduction in palm oil stocks thanks to Indonesia’s increased biodiesel mandates.

The group also expects lower import duty on crude and refined palm oil in India, as well as China’s positive outlook from the trade dispute with the US to boost CPO prices this year.

However, Boustead Plantations still needs to grapple with its relatively high borrowings — especially short-term — until CPO prices recover and yield from its new estates improves.

The group expects to incur roughly RM56 million in interest expenses this year, which it says remains manageable.

And borrowings are poised to increase soon. The planter is buying another 4,915.25ha of plantation land spread across 17 estates, plus a 75-tonne-per-hour mill.

Of the land area, 4,444ha are planted. That means the average price per planted hectare was RM79,216 — among the highest seen in recent years, according to Maybank Research last August.

Coupled with an old average tree age of 19 years, analysts had raised doubts as to whether it is a prudent acquisition.

The group confirms that of the RM397 million price tag, RM350 million will be via borrowings and that financing has been secured. The deal has seen some delay, but is expected to conclude in the first half of this year.

Asked about the additional short-term cash strain from the looming acquisition, Boustead Plantations says it is taking a long-term view of the return prospects given the scarcity of plantation assets in Malaysia.

In the short term, it is counting on its land disposal in Seberang Perai Utara, Penang, to ease the cash strain on its balance sheet. Slated for completion by 1QFY2019, the group expects RM122 million in proceeds, which should see the return of dividends.

It is also looking to review its short-term financing by increasing the financing tenure over the next 12 months, which means it may be able to lower the interest costs.

“As with all businesses, there are cycles when we have to take on business decisions that may not have an immediate and direct yield,” Bousted Plantations says.

“However, in the long term, given our expertise in the sector and vast proven track record, we expect these acquisitions to contribute handsomely to our bottom line.”

https://www.theedgemarkets.com/article/boustead-plantations-plots-turnaround-after-historic-loss

Posted by michael_jackson > 2019-04-01 11:45 | Report Abuse

AGM coming soon....on 24 april, 2019... horray....