Posted by kltrader > 1 month ago | Report Abuse

MKHOP IPO - Closing date for the IPO application will be on 16 April 2024. The group will be listed on Bursa Malaysia’s Main Market on 30 April 2024.

Posted by kltrader > 1 month ago | Report Abuse

MKHOP IPO - Ripe for the listing

🇮🇩🌴MKHOP is an upstream oil palm operator who cultivates oil palm, produces and sells CPO (92% of FY9/23 revenue) and palm kernel (PK - 8%) to the downstream refineries and PK crushing mills in East Kalimantan, Indonesia.

🌴As at 29 February 2024 (LPD), MKHOP owns 2 oil palm estates through its subsidiaries, PT MKH and PT SPS with a total planted area of 15,012.4 ha and 1,996.4 ha respectively (> 90% of its total estates size). 94.9% of oil palm trees are in the prime mature stage ranging from 10 to 16 years.

Is the company profitable?
🔺The group posted a steady revenue and core net profit CAGR of 6% and 20% respectively in FY20-23.

As at LPD, the company has an outstanding sale and purchase agreements of 49,000MT of CPO and 1,800MT of PK to be fulfilled in FY24, while 28,000MT of CPO will be delivered in FY25. Note that, our in-house average CPO price forecast for 2024F stands at RM3,700/MT.

Post-IPO growth strategies
🔭 New land banks acquisition with an estimated size of 5,000 ha (planted area c.4,000-4,500 ha) in Kutai Kartanegara, East Kalimantan.

🔭 New products offerings include production of CPKO and PKE – offers better margin from CPKO as it is generally a higher-value product as compared to PK.

🔭 Purchases of new machinery and equipment with workforce recruitment to enhance operational efficiency, ie. to improve oil extraction rate.

Key growth drivers:
1) Rising demand of CPO driven from both food and non-food applications in line with world population growth, and
2) Acquisition of plantation landbanks to increase its market share.

Valuation?
• The IPO price of RM0.62 values MKHOP at 20.9x FY23 P/E (vs. Bursa Malaysia Plantation Index 2022 and 2023 P/E of 9.9x and 15.6x respectively, according to Bloomberg).

⏳ Closing date for the IPO application will be on 16 April 2024. The group will be listed on Bursa Malaysia’s Main Market on 30 April 2024.

Posted by speakup > 1 month ago | Report Abuse

PE 20x?
Wah like this nobody subscribe d

Posted by Keqing Tan > 1 month ago | Report Abuse

but no miti allocation not sure will at least get some profit during listing?

Posted by samlew > 1 month ago | Report Abuse

Based on 3 years average the PE ratio shall be 11.26x @ RM0.62 per share

Posted by speakup > 1 month ago | Report Abuse

ask all the sifus here: so apply or dont apply?

Posted by Wan Nee > 1 month ago | Report Abuse

neither bad nor good

Posted by samlew > 1 month ago | Report Abuse

CPO price rise to RM4,400/MT as of 4 Apr 24! As compared to 2023 average CPO price at RM3,800/MT, it's paving way for better revenue in 2024!

Posted by samlew > 1 month ago | Report Abuse

https://www.mpoc.org.my/market-insight/daily-palm-oil-prices/

Posted by Lyndavala > 1 month ago | Report Abuse

Ask all of the sifus on this forum: should you apply or not apply?
https://www.mpoc.org.my/market-insight/daily-palm-oil-prices/ https://geometrydashbreeze.net

Posted by MQTrader Jesse > 1 month ago | Report Abuse

MKHOP IPO Part 1

https://klse.i3investor.com/web/blog/detail/mqipo/2024-03-15-story-h-186423049-IPO_MKH_Oil_Palm_East_Kalimantan_Holdings_Berhad_Part_1

Posted by MQTrader Jesse > 1 month ago | Report Abuse

MKHOP IPO Analysis Part 2

https://klse.i3investor.com/web/blog/detail/mqipo/2024-03-15-story-h-186422218-IPO_MKH_Oil_Palm_East_Kalimantan_Holdings_Berhad_Part_2

Posted by MQTrader Jesse > 1 month ago | Report Abuse

MKH IPO Analysis Part 3

https://klse.i3investor.com/web/blog/detail/mqipo/2024-04-08-story-h-184576046-IPO_MKH_Oil_Palm_East_Kalimantan_Holdings_Berhad_Part_3_Why_is_MKH_Oil_

Posted by samlew > 1 month ago | Report Abuse

Thanks @jessemqtrader for the detailed analysis!

Posted by samlew > 1 month ago | Report Abuse

@OKU_2020 based on the prospectus information, MKHOP is a solid plantation company with OER% at 20.60%, highest among its peers! OER% = Oil Extraction Rate, where the theoretical rate at 25% as the highest, anything about 19% would be fantastic yield!

You can refer to this blog by Jesse MQ Trader:

https://klse.i3investor.com/web/blog/detail/mqipo/2024-04-08-story-h-184576046-IPO_MKH_Oil_Palm_East_Kalimantan_Holdings_Berhad_Part_3_Why_is_MKH_Oil_

Posted by samlew > 1 month ago | Report Abuse

The planation land that MKHOP located in the prime area within the vicinity of the new capital city of Indonesia in East Kalimantan, Nusantara! There will be more value to be release in the near future!

Posted by chillibumbum > 1 month ago | Report Abuse

quite pricey but its a good asset. getting 24 MT/ hectare shows it is well managed. better to buy post IPO when it is 40+ sen. Even United Plantations doesn't command 20x PE

Posted by GreenCapital > 1 month ago | Report Abuse

PE of 20.3x is for FY ending Sep2023 (not December 2023). Another 6 months (Oct2023 to Mar2024) have passed. One should check the 24Q1 (Oct-Dec2023) results which can be obtained from MKH 24Q1 report. And one can expect 24Q2 results to be good since the CPO has been trading at a higher price. As the trend shows, United Plantation is trading at near historical high.

Posted by MQTrader Jesse > 1 month ago | Report Abuse

MKHOP IPO Highlight!

https://klse.i3investor.com/web/blog/detail/mqipo/2024-04-12-story-h-183859193-IPO_MKH_Oil_Palm_East_Kalimantan_Holdings_Berhad_Part_4_Discover_the_Gr

Posted by LimPek > 1 month ago | Report Abuse

Applied 100k shares. ✌

Posted by speakup > 1 month ago | Report Abuse

Jtiasa PE 7x vs Mkhop PE 20x
Higher PE better?

Posted by stockraider > 1 month ago | Report Abuse

Mkhop is a very productive plantation mah!

Posted by MQTrader Jesse > 1 month ago | Report Abuse

MKHOP IPO 中文 第一部

https://klse.i3investor.com/web/blog/detail/mqipo/2024-04-15-story-h-183807240

Posted by MQTrader Jesse > 1 month ago | Report Abuse

MKHOP IPO 中文 第二部

https://klse.i3investor.com/web/blog/detail/mqipo/2024-04-15-story-h-183807239

Posted by MQTrader Jesse > 1 month ago | Report Abuse

MKHOP IPO 中文 第三部

https://klse.i3investor.com/web/blog/detail/mqipo/2024-04-15-story-h-183807148

Posted by speakup > 1 month ago | Report Abuse

hands up who applied?

Posted by speakup > 1 month ago | Report Abuse

Don't shy shy, hands up who apply?

Posted by investor77 > 1 month ago | Report Abuse

PE of 20X is high compared to JTiasa. TSH has more acreages in East Kalimantan and much nearer to IKN Nusantara, the new Indon capital than MKHOP. In terms of Div payout, Utd Plt is higher, but JTiasa will be giving more dividends as borrowings go down. TSH will be getting RM100+ million from remainder of Bulugan sales before July 2024, thus giving good Dividends as it is virtually Debt Free after this. TSH will profit lots as land near Kutai and Bongan, which is nearer to IKN, has appreciated by leap and bounds to over RM 100k / acre from cost of thousands/ acre. Re Rating of CPO shares is imminent as another IPO of Johore coming soon. Of all the Plantation shares, Best to buy is TSH as it has not really gone up for a long period, as compared to BPlant, JTiasa and TH Plant and insiders have bought lots at much higher price.

Posted by Keqing Tan > 1 month ago | Report Abuse

oversub 8.43X
https://www.tiih.com.my/content/press_release/752_basisAllotment.pdf

Posted by samlew > 1 month ago | Report Abuse

MKHOP IPO Oversubscribed 8.43x

https://klse.i3investor.com/web/blog/detail/newswire/2024-04-19-story-h-183629275-Main_Market_bound_MKH_Oil_Palm_s_IPO_oversubscribed_by_8_43_times

Posted by Keqing Tan > 4 weeks ago | Report Abuse

cimb itrade and pbb results out ad can go check

Posted by Wan Nee > 4 weeks ago | Report Abuse

mbb still pending

Posted by Keqing Tan > 4 weeks ago | Report Abuse

mbb if not mistaken is today after 7pm

Posted by Wan Nee > 4 weeks ago | Report Abuse

tq keqing tan

Posted by syazrell > 4 weeks ago | Report Abuse

i got it 😬

Posted by speakup > 4 weeks ago | Report Abuse

i got mine Free! distributed to Mkh shareholders

Posted by Felix888999 > 4 weeks ago | Report Abuse

Applied 100k shares, allocated 15k.

Posted by calvintaneng > 4 weeks ago | Report Abuse

MKHOP IPO AT 62 SEN VERSUS BPLANT, HS PLANT, THPLANT, RSAWIT, JAYA TIASA, TAANN & TSH RESOURCES: COMPARE & CONTRAST, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-23-story-h-182939331-MKHOP_IPO_AT_62_SEN_VERSUS_BPLANT_HS_PLANT_THPLANT_RSAWIT_JAYA_TIASA_TA

Posted by Wan Nee > 3 weeks ago | Report Abuse

mkh price at 1.36.. mkhop will follow?

Posted by Cipta > 3 weeks ago | Report Abuse

M&A Securities Sdn Bhd is the principal adviser and underwriter for Keyfield’s IPO.
M & A Securities Sdn Bhd is also the adviser of MKHOP.
Will MKHOP another Keyfield?

Posted by MQTrader Jesse > 3 weeks ago | Report Abuse

Considering IPOs that have been oversubscribed at 8.43x, there is a high likelihood that the first day of the IPO will debut strongly!

https://klse.i3investor.com/web/blog/detail/mqipo/2024-04-24-story-h-182882758-MKH_Oil_Palm_IPO_oversubscribed_by_8_4_times

Posted by speakup > 3 weeks ago | Report Abuse

Good! I want sell high price on IPO day

Posted by calvintaneng > 3 weeks ago | Report Abuse

IF MKHOP IPO IS WORTH 62 SEN WITH P/E 20.3: THEN TSH RESOURCES WITH P/E 16.56 SHOULD BE RERATED FROM RM1.14 TO FAIR PRICE OF RM1.40, Calvin Tan


https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-24-story-h-182879779-IF_MKHOP_IPO_IS_WORTH_62_SEN_WITH_P_E_20_3_THEN_TSH_RESOURCES_WITH_P_E_

Posted by alexanderzack > 3 weeks ago | Report Abuse

At first , feel thankful for the management of MKH in increasing shareholders return by the distribution of dividend in specie .They have been doing well to increase the production efficiencies including OER and maximizing the utilization of the CPO mill to further capitalize on the higher CPO price .It is expected to hit good results for the financial year of 2024 especially in this incoming 2nd Q result. Congratulation to the shareholder as it is a good and special year for IPO market in 2024. Anything should be referring to the management , but NOT refer for those unfriendly comments.

Posted by alexanderzack > 3 weeks ago | Report Abuse

lets look at the detail of 3 research reports : pls refer to full report...
1) T : 0.62 it is based on CY24 PER of 16x,
2) R : 0.66 FV is based on 12x FY25F P/E. it is to fund its expansion of landbank for oil palm plantation, upgrading works....(propelling its 3-year earning CAGR of 25% from FY 24 F-26 F.)
3) M : 0.80 It is based on 14 times earnings per share forecast for the financial year ending Dec 31, 2024 (FY2024),

for those with 20 x based on 2023...(not taking the consideration of the professional report) .so don t be misleading by unfriendly comments

Posted by alexanderzack > 3 weeks ago | Report Abuse

we should be stopping a negative / unmannered comments before the closing of the IPOto create a healthy mode in making application , at the last ,have good responses from public IPO and also private placement. for who want to promote his shares ,pls go to the right place...and stop on attacking or misleading information (as someone has been misleading the investors before )

Posted by BE_GREEEEEDY > 3 weeks ago | Report Abuse

oil palm price SOLID RM 4400 ++
MKH near INDONESIA New Capital NUSANTARA
RM 1.50 + potential $$$$

Posted by calvintaneng > 3 weeks ago | Report Abuse

TSH RESOURCES (9059) 2023 ANNUAL REPORT: SHOWS A WONDERFUL COMPANY WITH AMAZING CHANGES, By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-25-story-h-182876873-TSH_RESOURCES_9059_2023_ANNUAL_REPORT_SHOWS_A_WONDERFUL_COMPANY_WITH_AM


SEE THIS VERY VERY VERY CAREFULLY

Posted by BE_GREEEEEDY > 3 weeks ago | Report Abuse

mkh oil palm.....
huatt chaiii $$$

Posted by Keqing Tan > 3 weeks ago | Report Abuse

latest fv from mercury is 0.80!