The main objective of the first phaseTransformation Programme:Reorgarnice and streamline our businesses to be more efficient 1) In line with this,our 48 estates and 10 palm oil mills have been consoildated into 10 Strategic Business Units (SBUs),allowing us to integrate with profit and loss accountability
2)We have established centralised specialist teams focusing on replanting,mechanisation,foreign workers and engineering that will support estates and mills operation
3) To conserve cash flow and better manage capital expenditure,we have rationalised our underperforming estates and mill operations
4)Transfer all mill into profit centres,effectively shifting emphasis from the current role of service provider to estates
5) Improves mill utilisation by expanding crop intake from third parties.A dedicated Outside Crops Purchase teams will be set up to support mill utilisation improvement
6) Improve mill efficiency by regulating working shifts in accordance with crop supply,which will serve to reduce cost per metric tonne(MT) and ensure optimal deployment of valuable human resources
Better worker recruitment processes and greater emphasis on worker welfare: 1) Centralise recruitment processes and undertaking the direct recruitment of foreign workers,with the aim to reduce reliance on multiple agents and hiring turnaround time
2) Established centralised Careline Unit which will take care of the needs of our workforce.Through this unit,we expect to reduce turnover and improve the retention of skill workers and experience harvesters
Clearly if we are able to improve yield,utilisation and productivity ,cost will consequently reduced,resulting in improved prospects for growth.
The Group is confident in the ultimate success of our Transformation Programme and we are committed to implementing all four phases of our programme
Crude Palm Oil (CPO) futures contract prices on Bursa Malaysia Deravatives, which have been on the downtrend for the two days,improved yesterday on new price forecasts,dealer said.Top industry analyst Dorab Mistry revised upward his forecast,saying that Malaysian palm oil price may rise up to 21% by first quarter of 2020,from the current level. According to Mistry,local CPO is expected to increase between RM2,800 and RM3,00 per tonne from an earlier forecast of RM2,400 per tonne
The nation's palm oil industry is expected to rebound on the back of increasing demand for crude palm oil and refine plm oil from several countries including Turkey.The country's current palm oil supply is sufficient to meet the external demand.There has been an increase in demand for palm oil from several countries such as India and Middle Eastern countries including Turkey due to the 100% export duty exempted which is in force up to December this year
Guys, all this is external factor which the entity unable to control. The company need to improve two thing: 1. Have a high yield fruit. (drop in OER in sabah and Sarawak ) 2. Labor shortage which will affect the FFB harvest - Less crop, less oil, less revenue. (mentioned in AGM
Bousted actually got potential to return back and making profit in coming future. But at this moment thy really wanna offer special price.. I am hoping to get it below 30cts soon.
Malaysia's palm oil inventories at the end of June fell 6.33% from the previous month,at 1.9 million tonnes June crude oil production grew 14.2% from May to 1.89 million tonnes Palm oil exports surged to 24.9% from May to1.71 tonnes
1Q bottom line hurt by high taxes Operating profits within expectation. 1Q20 core results were below expectation,largely on high tax expenses.Earning will likely play catch up in the coming quarters on higher output and lower taxes.with present low CPO prices,believe BPLANT may revisit past strategy of disposing small parcels of land to boost earnings Maintain " BUY" with unchanged RNAV + TP of MYR0.62 Trading at just 0.3 times PBV and EV/planted ha. of MYR27,000.00 BPLANT is a prime privatisation target
I think the ministry of commodity/ main indusry lead by Dr. Khairuddin now is performing really well. There are many initiatives done including diplomatic and also thru the certification efforts by the MPOB/MPOCC.
Good on govt side. CPO price also looks promising. Just the counter price looks lagged.
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....
KAQ4468
21,497 posts
Posted by KAQ4468 > 2020-06-23 17:06 | Report Abuse
aiyaaaa
drop 0.005
up 0.20