Underlying perhaps, CPO price does not increase tht much during Q3 but for sure will contribute some additional revs together with full Q impact of interest cost reduction due to OPR drop in May which offset by full Q impact of Sabah land purchase loan interest. however, without one-off gains, it will go back into reds, shld be LATMI of 20-24mil.
Timinlcw production increasing , CPO also increase , so Q3 will be better than Q2 << Q3 result will be lost also. CPO price increase above RM2,200 in November. So do expect a lost in the company. It will be surprise if they make money in Q3. If their bottomline is CPO price above 2k, then we can start to invest in this company.
Don't like that ykloh. Plantation business is cyclical business unless they diversify to downstream or other business. But i really doubt on the new land acquired by the company.
All, invest with caution... expected Q announcement on 22 Nov. Any tailwind or headwinds would have been announced by now. Hence expect same underlying per previous quarters.
Ur comments shows tht u did not follow this stock, worse, u did not read it’s quarter announcements. It’s due to one-off gains in Q2. Seems interest cost is eating up their earnings fast and furious. Now I really hoped Bplant will break even for FY20, fingers crossed.
Your “friend” did not tell u the full story, circumstances changes, if u do the same thing, it does not guarantee the same end result. No such thing as “everyday Sunday”
Well, hope the fruits in Sabah land will help to turnaround the company. The land purchased in Sabah really eat up the company slowly.If Q4 result is a loss, the company should consider alternative plan. The interest is eating up the company earnings.
the purchase of Sabah land is really a mistake or other reasons.....no one know......the QR is disappointing, anyway, i do made after selling those i bought at 57.. now i do hope it will dip to another 57.
@ Contrarian, well done.. i too sold much of mine but not all.. i bought 500 lots at 57, it is a small bonus to me. my Bplant money mostly transfer to MBSB Bank for long term..
I still feel Affin has greatest upside because it is so cheap now. A merger exercise will unlock its value. I don't buy for dividend or for safe reason, I buy laggards with huge upside potential. If LTAT were to give up control of Affin it wouldn't go on the cheap.
BPlant still have good land on Peninsular Malaysia to unlock. Their mistake was to buy that piece of Sabah land from Dutaland. Do you know that land was offered to my client many years ago and we did an air survey and found the area underplanted. That's why I sold off my BPlant after the Sabah acquisition.
Please don't call me sir, I am much younger than you. I still not able to withdraw my EPF, so I don't have a big position like you. I know you were in the top 30, I think you were in the top 10. The Sabah land would be hard to get rid of, no one wanted it for decades. It was surprising that BPlant bought it, management judgement was really bad. And probably they didn't do a proper diligence audit like IOI did many years earlier which they withdrew from the acquisition.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Patrick13
1,971 posts
Posted by Patrick13 > 2019-09-05 10:59 | Report Abuse
Cut loss first. To relook this counter when CPO price bounce back.