Posted by Ananas > 2021-02-26 01:08 | Report Abuse

Share price not moving not only because of export tax. There should be several factors. soybean oil from USA, production, and export tax. Although price at level high but whether can it be sustain? If can, share price should be rocket high

Posted by Johnzhang > 2021-02-26 06:09 | Report Abuse

Izoklse, the speaker, Frankie, knows nothing about CPO. His explaination on the tax and impact on CPO's return is shallow and misleading.

Posted by Johnzhang > 2021-02-26 06:53 | Report Abuse

There are 2 taxes on CPO.
1. Export tax of max 8% which is applicable now at today’s CPO price level.
2. Windfall tax of 3% for WM planters above price threshold of $2,500 and 1.5% for EM above threshold of $3,000. There is a formula for calculation published .
At today’s CPO $4,000, the export tax is $296 pmt , windfall tax is about $225 pmt. Total taxes are therefore $521 pmt. This leave the planters with ($4,0000 - 521) $3479 pmt . Production cost is $1,500-$2,000 depending on the efficiency of the planters . Gross profit is huge !
These 2 taxes are nothing new and have been around for many many years.

Posted by bbuy > 2021-02-26 08:41 | Report Abuse

It always boils down to low production, insufficient foreign labour capacity due to this covid situation, inefficient management on existing labours. Do look at the production level on January production figures its 60k only, even lower than December 2020. Not to mention with that 8% export tax starting this January to add on with. All this signs show a poorly run company, in a good situation.

If they can show an increase on the production level with the current high CPO price level, and some kind of increase efficiency with its planters, we will definitely see confidence on this company to increase its share price.

But do not fear buy low sell high !!
Huat Chai !!

Posted by firehawk > 2021-02-26 09:43 | Report Abuse

bbuy @firehawk forgive him man, maybe he has thrown his entire life savings into this share, a simple posting like that also will trigger him lol
25/02/2021 6:25 PM
--------------------------------------------------------------
maybe so, sinking too deep .......

i bot this is bcos there was possibility of privatization of the mother share, this might give boast to this one, somehow, it was not materialized .....

i bot mother shares too, 2 days before the announcement of failure, fortunately, i sold my holding, after LTAT gave warning for the 2nd. times (3rd.?) of no certainty, this save me from facing a drop of 30% ..... is important to look at a thing from +ve and -ve sides ......

for this one, holding is not much, will judge ofter the Q result :D

Posted by cashsssss > 2021-02-26 13:45 | Report Abuse

sold all, hopeless share .. dont keep ..

Posted by Mikecyc > 2021-02-26 18:05 |

Post removed.Why?

Posted by Mikecyc > 2021-02-26 18:07 |

Post removed.Why?

Posted by johoran > 2021-02-26 20:33 | Report Abuse

Result belum keluar?

Posted by Bennychua007 > 2021-02-26 20:43 | Report Abuse

Postpone d. Monday another show ..

Posted by johoran > 2021-02-28 14:26 | Report Abuse

Monday 0.6

Posted by Yippy68 > 2021-02-28 18:10 | Report Abuse

proposed Kulim airport, most acquired land belong to Bplant., price about 250,000 ringgit per acre hopefully true.

Posted by King18Wn > 2021-03-01 07:54 | Report Abuse

Why the Qr result not release yet?

Posted by Johnzhang > 2021-03-01 09:09 | Report Abuse

Bursa grant 1 month extension to companies to report QR because of MCO

Posted by johoran > 2021-03-01 10:52 | Report Abuse

FCPO up up up 3800 1.5%
break record soon

Posted by sengkee > 2021-03-01 10:58 | Report Abuse

What Yippy68? They will acquire the land for the proposed Kulim Airport at about RM250,000 per acre? Their last valuation/cost price stated in Annual Report was less than RM20,000 per acre.

And they have around 5,000 acres of Freehold lands located in Kuliim, Kuala Ketil & Sungai Petani districts, Kedah.

Posted by Plantermen > 2021-03-01 11:45 | Report Abuse

Qtr result coming out anytime now

Posted by Dangel > 2021-03-01 11:58 | Report Abuse

Let's see!

Posted by Yippy68 > 2021-03-01 19:48 | Report Abuse

@sengkee, when was the last valuation? not all the 5000 acres are acquired.. my classmate land was acquired at 5.60 ringgit per sq ft, market value now 8.00 per sq ft. 5.6x43560=243936 almost 250,000.. you mjust be joking as you can get the land at kulim for 20,000 per acres. which is 46 sen per sq ft., it must be 20 years ago. recently i sold my land at JUNJONG for 85 thousand per lelong.(only 3/4 ) of a acre.

Posted by sengkee > 2021-03-01 22:09 | Report Abuse

Pls refer to page 154 of their Annual Report released in May 2020. Revaluation made in 2016.

Posted by Jjkcl > 2021-03-01 22:14 | Report Abuse

Qr Green as grass otw

Posted by sengkee > 2021-03-01 22:32 | Report Abuse

(1) Batu Pekaka Estate, Kuala Ketil, Kedah (Book Value as at 2016 is RM47.3 million) Size: 968.7 hectares /104,270,007 sf.
Price per sf is RM0.4536.

Posted by sengkee > 2021-03-01 22:38 | Report Abuse

(2) Stothard Estate, Kuala Ketil, Kedah (Book Value as at 2016 is RM42.8 million) Size: 983.1 hectares/ 105,819,872 sf.
Price per sf is RM0.4045 only

Posted by sengkee > 2021-03-01 22:45 | Report Abuse

Kedah Oil Palms Estate, Kulim, Kedah (Book Value as at 2016 is RM21.7 million) Size: 243 hectares/ 26,156,299 sf.
Price per sf is RM0.83

Posted by sengkee > 2021-03-01 22:50 | Report Abuse

(4) Bukit Mertajam Estate, Kulim Kedah (Book Value as at 2016 is RM141.6 million) Size: 2,164.8 hectares / 233,016,815 sf.
Price per sf is RM0.607

Posted by Yippy68 > 2021-03-02 02:45 | Report Abuse

1. The word kulim airport was never mentioned at all in year 2016

2. Bplant bought a piece of land in sabab in year 2019, cost RM26,624.00 per acre, kulim land
valued in year 2016 at a price of RM20,000.00 per acre, what should be the value in year 2019,
will it be still at RM 20,000.00 per acre and cheaper than the sabab land ..sound to me that you
should not called the land in kulim as prime land. Today, 2021, please get a valueer to value the
land again and tell me it is still RM 20,000.00 per acre, i will buy up 1000 acres.

3. Please visit Kulim and Sungai Petani, town, compare the town in year 2016 and year 2021,
especially after the announcement of kulim airport,, and ask the local what price they want to sell
their land near to the proposed airport.

4. Tasek Gulor Malakok estate ,away from Prai town , after TUDM air base, ,sold at nearly RM
400,000,00 per acre, one of the buyer is S P Setia. there are more examples, read the annual
report again. Mr Sengkee , thank you.

Posted by Yippy68 > 2021-03-02 03:04 | Report Abuse

RM 400,000,00 per acre is equivalent to RM9.20 per sq ft. .The land in Semenyih is easily cost more than 30 ringgit per sq ft,. what is the book value of semenyih land which is only yards away from ECOWORLD and SP SETIA? Bplant land bank easily worth few billions ,.hold tight, buy at 50 sen, you will make money.

Posted by Johnzhang > 2021-03-02 06:38 | Report Abuse

Yippy68, the Kedah Aerotropolis spanning 9841 acs (4,000 ha) is located in Sidam Kiri , near Sg Petani. Bplant has many estate near sg petani and kuala ketil which is also very near to the project location. Do you have specific information which estate is involved?
It is also reported in the media that $2bil will be spent to acquire the 4,000 ha. This works out to be $500,000/ha or $200,000/ac. If indeed Bplant land is to be acquired that is very good news to shareholders. This is an asset monetisation that is very much needed resume good dividend to LTAT members, benefiting minority shareholders of Bplant and bstead along the way .

Posted by Johnzhang > 2021-03-02 06:47 | Report Abuse

Sengkee, don’t take the revaluation or book value of assets published by companies too seriously. There is no regulatory requirements to mark the fixed assets to real market value . Per Bplant annual report 2020, malakoff estate of 562.3 ha has book value of $64.2 mil ($114,174/ha or $1psf). In 2019, Bplant sold 138.89 ha of the same estate for $136,043,971 ( $979,509 per ha or $9 psf). Do you see the difference?

Posted by Jonathan Keung > 2021-03-02 07:04 | Report Abuse

The estate lands NTA valuations are just nominal ( subject to price adjustment ) whether they are located near township or highways with potential redevelopment. BPlant peninsular estates are all located near prime industrial or mature township which they acquired in their early days. Their estates near Juru { highway }is a good example or Kulai area etc

Posted by King18Wn > 2021-03-02 12:32 | Report Abuse

Are you on track for turnaround??? With the good palm oil price....... Why aren't??

Posted by Mikecyc > 2021-03-03 00:32 |

Post removed.Why?

Posted by Mikecyc > 2021-03-03 00:36 |

Post removed.Why?

Posted by Mikecyc > 2021-03-03 00:37 |

Post removed.Why?

Posted by Mikecyc > 2021-03-03 08:11 | Report Abuse

# Boustead Plantations

75,000 hectare x 2.471 = 185,325 acres

FY14 to FY19 average revenue =3961.7/6 = 660.28 million

> 1 acre generate RM 3,562.82

# MHC :

Plantations = 33,000 acres


FY14 to FY19 average revenue =2001.4/6 = 333.57 million

> 1 acre generate RM 10,108.18

Posted by Mikecyc > 2021-03-03 08:12 |

Post removed.Why?

Posted by Mikecyc > 2021-03-03 08:12 |

Post removed.Why?

Posted by Mikecyc > 2021-03-03 08:13 | Report Abuse

# Share Capital = RM 1,422,344,000

Loans n borrowings = RM 1,361,756,000

Gearing Ratio = 0.96

Posted by Mikecyc > 2021-03-03 08:13 | Report Abuse

Planted Area ( Hectares )

Past Prime 32,952

Prime Mature 21,672

Young Mature 12,223

Immature 6,647


Total = 73,494

Old trees over 20 years age = 45 %

Posted by Mikecyc > 2021-03-03 08:14 |

Post removed.Why?

Posted by freddiehero > 2021-03-03 08:25 | Report Abuse

very nice gogogo...

Posted by johoran > 2021-03-03 19:56 | Report Abuse

Boustead Plantations Bhd (Trading Buy)
• With land bank spanning 98,200 ha, of which 79,400 ha is cultivated with oil palm, BPLANT stands to benefit from rising CPO prices. This comes as spot month forward CPO price has extended its uptrend with an incremental 15% jump since early February this year to RM3,920 per MT currently.
• Capturing the higher CPO price impact, the Group reported net profit of RM18.0m in 3QFY20 (versus 3QFY19’s net loss of RM34.3m and 2QFY20’s net profit of RM7.1m). The better performance was lifted by an average CPO selling price of RM2,772 per MT during the quarter, compared with 3QFY19’s RM2,026/MT and 2QFY20’s RM2,367/MT. This brought its nine-month earnings ended September 2020 to RM15.5m (-46% YoY).
• On the chart, after hitting a trough of RM0.20 during the market sell-off in March last year, the stock subsequently staged a steady recovery to plot higher lows along the way.
• With the share price currently treading near the ascending trendline, this presents a timely buying opportunity. Driven by the rising momentum indicator, BPLANT shares could continue the upward trajectory to test our resistance targets of RM0.64 (R1; 13% upside potential) and RM0.70 (R2; 24% upside potential).
• We have placed our stop loss price at RM0.50 (or 12% downside risk from its last traded price of RM0.565).

Posted by johoran > 2021-03-03 19:57 | Report Abuse

0.70 target

Posted by Plantermen > 2021-03-03 22:09 | Report Abuse

Indonesia estate's operates on a different platform. Land are leased from the government for 33 years with the option to renew it. Land usage is govern by licensing {HKU } 20-30% of the land bank is allocated and reserve for the smallholders. Initial start up cost is low but as the plantings matured more and more costs are incurred. Greenfield or brownfield areas need Hugh capex. Different areas, different requlator, different laws, a minefield for the unfamilar. Look at tabung haji, FGV, Boustead their development in Indonesia started off with a bang and end up selling the assets. FGV Eagle high is a prime example what can go wrong

Posted by KAQ4468 > 2021-03-06 12:28 | Report Abuse

Pasti mariiiiii

Posted by KAQ4468 > 2021-03-06 12:28 | Report Abuse

RM1. 20 punya TP

Posted by tanks59 > 2021-03-08 12:42 | Report Abuse

after this quarter result. if good dividen is announced .

Posted by Aurora13 > 2021-03-08 16:42 | Report Abuse

Suddenly go to 580, good news coming

Posted by 88cash88 > 2021-03-08 19:08 | Report Abuse

hari ini dah curi jalan ya

Posted by johoran > 2021-03-09 01:15 | Report Abuse

At the close, the CPO futures contract for March 2021 and April 2021 gained RM123.0 each to RM4,070 per tonne and RM4,012 per tonne respectively, while May 2021 and June 2021 both added RM137.0 to RM3,878 per tonne and RM3,731 per tonne respectively.

Total volume increased to 79,298 lots from 63,827 last Friday while open interest rose to 269,357 contracts from 251,949 contracts previously.

The physical CPO price for March South jumped RM100 to RM4,060 per tonne.