The Jan 2021 futures closed on 3 Nov up RM94 at 3069 after down 36 yesterday. Nov 2020 delivery closed at 3353 up 88! I think the market consensus is that the uptrend will continue in the near term at least.
Between 19 Oct 20 and 3 Nov 20, CPO has gone up by almost RM300, an increase of over 10% for the Jan 21 contracts, and RM465 or 16% for Nov contracts, the increase for both of which have yet to be reflected in the share price.
Seems like a good time to buy some at 48s. Good luck guys!!!
Date Settlement Price RM 2 Nov 20 2975 30 Oct 20 3011 28 Oct 20 3051 27 Oct 20 3065 26 Oct 20 3066 23 Oct 20 2942 22 Oct 20 2943 21 Oct 20 2888 20 Oct 20 2858 19 Oct 20 2776
>> Its valuable freehold estates represented about 19% of Boustead Plantations’ total land bank in the country.
>>> 18,419 ha x 0.19 = 3499.61 ha
====
Floating this idea in a report, the brokerage said a potential privatisation could be self-funded by disposing some small parcels of land owned by Boustead Plantations.
>> It pointed out that since listing in 2014, Boustead Plantations has sold 2,164 hectare of land, raised RM1bil in gross proceeds, and recognised total disposal gains of RM900mil. It has also paid out RM1bil in total dividends since listing.
BP profit is the most sensitive to CPO price due to fact that BP is PURE upstream palm stock, CPO Q2 RM 2200, CPO Q3 RM 2800, CPO Q4 RM > 3000, a leap up EPS to be reported
a good QR and some sound dividend pay out will attract buyer to come in, very undervalued in term of land bank and potential,. provided management can run this counter like KLK, IJM , UNITED MALAKA, MKH and many non GLC, god bless investors for putting money here..
Mikecyc 14541 posts Posted by Mikecyc > Nov 4, 2020 6:19 AM | Report Abuse
Analysts neutral on plantation sector after jump in palm oil supply TheEdge Fri, Sep 11, 2020 10:42am - 1 week ago
KUALA LUMPUR (Sept 11): Hong Leong Investment Bank (HLIB) Research has reiterated its "neutral" rating of the plantation sector after palm oil inventory closed marginally higher at 1.7 million tonnes in August as higher output and lower exports were partly offset by lower imports and higher domestic consumption.
On forecasts, HLIB Research analyst Chye Wen Fei said the research house believes the stockpile will remain on an uptrend in the near term due to seasonally stronger output and lower exports to key importing countries, in particular India as its edible oil inventory had normalised since July and China in absence of seasonal demand.
Meanwhile, PublicInvest Research noted that CPO prices had gone above the RM2,800/metric tonnes (MT) level since last week, led by increasing concerns over worker shortages and demand recovery from the reopening of economies.
Nevertheless, the research house thinks the current CPO prices may not be sustainable in the final quarter given the surge in palm oil supply during the peak production season.
Why you posted the same old article again and again ? Today oil palm price rm 3400 and share price already 52.5 cents,a lot people made money but you talk bad about the company future financial status everyday , the share price at 48 cents you started to talk bad and now 52.5 cents you still talk bad, what is your intention to be here ?
Prevailing CPO Price as of yesterday is RM 3354. Cost of producing is between RM 1500-1800. This will be good for our farmers. So we expect more movements in this counter due to feel good effect on the latest Indian FGV Oil Palm Contract, Bullish FCPO (Jan FCOP has already breaches RM 3,144), current CPO prices plus the feel good effect of 2021 Budget which will be tabled tomorrow.
BPLANT has no oil mills. they only produce FFB. Nevertheless, their Q3 FFB production increase by 19% as compare to Q2 output. with the increase of FFB / CPO price, results is expected to be....
Bplant not doing as well due to weak management team couple with low CPO price. Last 2 to 3 quarters P&L affected by write off and tax from Sabah Estate acquisition.
With the transformation program kick in couple with no new plantation acquisition , base on the study from the financial statement and output figure , I'm projecting BPlant Q3 profit to be around 40MM to 50MM with 1 sen dividend declare. If profit as per expected during Q3 quarterly release expected by 3rd to 4th week of Nov , confident level on BPlant will restall.
Hi Opportunate, thank you for point it out. yes, you are correct that they have 10 mills as per their 2019 AR. But just wonder why are they only reporting monthly FFB and not CPO as like other plantation stocks? will you be able to share any reasons for this? thanks.
The current COP ( cost of production ) in Sarawak is estimated at RM1,920 per tonne for a plantation with an average yield of 20 tonnes of FFB per ha per year or four tonnes of CPO per ha per year.
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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Yippy68
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Posted by Yippy68 > 2020-11-01 11:28 | Report Abuse
cpo up, bplant down, can not understand apa jadi.