Really worth to collect BPLANT ! I keep 10 lots in hand. my treasure stock !
Boustead Plantations@ realised net asset value (RNAV) of RM3.08 a share.
1. It is one of largest listed oil palm planters in Malaysia with 71,000 ha of oil palm planted area spread across Peninsular Malaysia (38%), Sabah (37%) and Sarawak (25%). 1.1The average tree age profile of about 14-years and its estate performance (ex-Sarawak) is on par with national average.
2. Maybank IB Research said Boustead Plantations had 11,000ha of strategic estates in Selangor, Johor, Penang, Kedah and Perak that were ripe for property development. 2.1Estimate that these landshave a market value of MYR2.96b, which exceeds Boustead Plantations’s market capitalisation of about RM2.5bil. 2.2 Investors are getting its plantation estates for free.
3. Boustead Plantations plans to increase its planted area by 20,000ha (+28%) in five years, backed by its estimated low net gearing of 11% post listing. 3.1 Even without new acquisitions or estate divestments, estimate BPLANT will enjoy 32% core net profit CAGR over 2013-2016.
4. BPLANT was trading at an attractive enterprise value per planted ha of RM41,000 even without adjusting for its property development potential.
5. Maybank IB estimate RNAV@ RM3.08 a share but TP at RM2.16 a share by attaching a 50% discount to its land value.
in short, - Affin do price stabilisation, sold back 38.3mil shares to Boustead. Plus another 25.6mil shares from over-allotment back to Boustead. - Yesterday good performance, close 1.70 high 1.72 - Maybank buy rating, target 2.16 - BPlant undervalued cos RNAV is 3.08 - Has 71,000 hektars of palm oil, average age 14 years - Has 11,000 hektars of land which are ripe for property development
Now everyone has a different say already, if you refer back to the last few weeks comments, you can see how fast can people change thier mind set. Perviously, this is lousy stock, overvalued, now, this is undervalued, buy below 1.7 is consider cheap. LOL............................... Sad, jelly fish investors.
zack-liza....4 cents dividend???Div policy is 60% and based 1st q profit of Rm30.127M divided by 1600M shares..about 1.1cents only....Liked this stock when it was Boustead Reits. As for land with development potential...was trapped before in Tradewinds plantation.Maybank report quite comprehensive but it is a long term play.
Q2 results must be announced b4 Fri 29/8/14 but I will be happy if they can afford to pay me 1.75 sen interim dividend as BPlant was only listed on 26/6/14.
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....
Chua Zhi En
1,103 posts
Posted by Chua Zhi En > 2014-08-07 12:24 | Report Abuse
cheeseburger , how many? im new. thanks