BATU KAWAN BHD

KLSE (MYR): BKAWAN (1899)

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Last Price

20.12

Today's Change

-0.02 (0.10%)

Day's Change

19.98 - 20.16

Trading Volume

36,000

Changes
Date Type Old New View
Discussions
2 people like this. Showing 50 of 509 comments

TreeTopView

There is nothing wrong with this bus, LM, as long most of the passengers didn't buy overpriced tickets from dubious tourist operators.
I doubt if we'll see it speeding along the highway anytime soon , however passengers can check out the scenic views as they are driving around the principality of Liechtenstein to unload luggage once or twice a year.

:)

2022-09-22 16:32

sheldon

Urgh! Should've taken the next bus

2022-09-26 10:46

NatsukoMishima

Glove 2.0 ! Later all farmer will sell at net loss cost when ASP drop to below rm 2500 per tonne at year end !

2022-09-26 13:52

NatsukoMishima

Glove 2.0 coming , run right now , cut loss to protect capital , dont repeat the same mistake by glove tards , u will be trap by many years !

2022-09-28 16:03

NatsukoMishima

Many sin ga like to do calculation , at the end share price plummet also like glove stocks !

2022-09-28 22:38

WilburR2

Co last buy back was about rm27

2022-10-04 14:47

lionel messi

Why no share buy back now? So cheap.

2022-10-06 09:37

sheldon

Come December - dividend announcement - the bigger of the 2 yearly dividend announcements - get ready to fill up your bank account

2022-10-21 10:59

lionel messi

Started back their share buy back. About time. Fantastic price.

2022-12-05 08:53

sheldon

I like it very much when management buys back shares - less dividends to pay, better ROE and EPS.

2022-12-05 22:53

sheldon

Dividend announcement imminent - either today or tomorrow.
Hopefully generous. Need to fatten my pocket money.

2022-12-07 10:47

sheldon

I'm rich! I'm rich!

2022-12-09 20:43

PassionateInvestor

Pleasantly surprised that dividend still managed to match last year's

2022-12-10 09:44

WilburR2

Nice div total for year 1.10

2022-12-12 10:01

sheldon

In the past, the final dividend hovered around 40-45 sen.

They've rightfully raised dividends in line with inflation and I belief wised up to the idea that this Co has the capacity to pay handsome dividends to compensate for the shortfall in market price due to lack of trading liquidity. Co being cash rich is good for shareholders but better if the shareholders themselves are cash rich. No strain on the cash flow or reserves to BK in appeasing shareholders but massive goodwill is generated. I hope other cash & reserve-rich companies like Petron can draw lessons from BK.

2022-12-12 10:38

lionel messi

Share buy back last year was 1.07 mil shares at avg price of RM24.31 as disclosed by its chairman in their latest annual report. Great transparency BK.

2023-01-04 08:28

rahulsk1947

will BKAWAN crash post dividend payout date?

2023-02-15 15:36

Wealthy99

will be back to 15 to test the support if broke below 19

2023-02-21 21:14

sheldon

Barring unforseen circumstances - If it drops to 15, I'd sell every other asset including the kitchen sink and park all my money here, sit back and wait

2023-02-26 22:50

moven00

15 is really a tempting price to enter. I won’t throw everything in but definitely will start buying some too. Keep it for good dividend.

2023-03-05 17:56

serbatipu

waoo roket !

2023-06-09 11:43

sheldon

Urgh! Other people's misery is our gain - TQ Putin and El Nino

2023-07-25 21:08

sheldon

Again following the acquisition of CCM at excessively high price, KLK like sugar daddy is acquiring Boustead Plantation, a good-for-nothing at a ridiculously high price of 1.55 per share.

Note that the highest price this BP had reached over the past 5 years was about 1.15 until today perhaps because somebody got wind of the acquisition, it climbed up to 1.37.

2023-08-24 22:31

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX
2009 .. 56.75 .. 70.57 .. 10.28
2010 .. 45 .. 100.86 .. 16.9
2011 .. 65 .. 155.66 .. 17.46
2012 .. 95 .. 116.13 .. 19
2013 .. 65 .. 112.46 .. 19.6
2014 .. 55 .. 127.11 .. 17.34
2015 .. 60 .. 120.96 .. 17.5
2016 .. 50 .. 147.29 .. 18.4
2017 .. 55 .. 137.97 .. 19.6
2018 .. 60 .. 95.86 .. 16.68
2019 .. 55 .. 92.18 .. 17.44
2020 .. 60 .. 89.79 .. 17.9
2021 .. 60 .. 232.88 .. 22.7
2022 .. 120 .. 280.00P .. 22.3


DPS, EPS and Year End Price are adjusted for capital changes
Total cumulative EPS 1599.72
Total Cumulative DPS 901.75
DPO Ratio 56.4%
Batu Kawan

2023-09-13 17:36

sheldon

TQ 3iii.
Wouldn't it be reasonable (& nice) if the board pledges a dividend pay out rate of 50% EPS?

2023-09-13 20:32

sheldon

Good for B. Kawan & KLK that the govt has decided to bear the B. Plant burden.

2023-10-11 15:04

sheldon

Dear Lord - As you may be aware, dividend announcement is around the corner. Please guide the board's mind with rationality.

Tell them that although the EPS may have dropped drastically, the net profit of RM1086m is more than enough to repeat another 90 sen dividend amounting to 354m to your patient shareholders without even touching the brought forward reserves. Do the right thing - we are waiting for this Christmas gift.

2023-12-07 04:54

taurus67

Final dividend last year was 90 sen. This year, reduce more than 50%.

2023-12-11 12:05

sheldon

Obviously my prayers were not answered.

2023-12-11 15:32

invest8912

The EPS dropping so much for the past few quarters. Even if they pay 90 cents, it's not sustainable. Better switch to Utdplt.

2023-12-11 16:07

sheldon

While conservative is admirable, being excessively conservative is not. 90sen dividend is indeed sustainable. Assess for yourself against these numbers ...

Net Profit 2023 = 1086m
Retained earnings (distributable reserve) = 5613m
Cash = 2717m
90sen dividend = 354m

2023-12-12 11:04

invest8912

How do you get 1086m ?
Net profit for 2023 only 235.3m + 120.05m + 82.81m + 52.75m = 490.91m

This stock has a lot of reserve but we ikan bilis can only see but can not touch. What's the use ?

2023-12-12 11:36

sheldon

Ok I stand corrected, it should be attributable to equity holders of the co i.e. 491m. But still it can pay the full 90 sen (354m) or perhaps as a compromise say 80 sen to appease shareholders. There are other companies that are in a worse-off financial position but declare large dividends - shareholders love them hence the share price trade at higher PEs - like Apollo for instance.

Management should get out of their comfort zone to manage funds efficiently and ensure that shareholders are happy.

2023-12-12 14:48

invest8912

If not mistaken, large portion of the 491m is only paper profit from KLK. Since KLK didn't declare dividend this quarter, BKawan don't really have so much cash to pay dividend unless they use their reserve. This stock earned me the first 100% profit many years ago, at that time the net profit/dividend quite consistent. The past few quarters really disappointing. Luckily found Utdplt recently.

2023-12-14 16:09

invest8912

Rough estimate, KLK contributes 2/3 of the net income for Bkawan. So net profit generated by BKawan itself is 163m.

2023-12-14 16:14

sheldon

Many companies can generate good profits. A main challenge that follows is the conversion of that profits into cash. So perhaps BK & KLK seem to have some difficulties in this. High up in the list of these great companies, should be to appease shareholders either in the form of generous dividends or capital gains.

I really like the active share buyback that BK undertakes. That's money well spent. Despite that (albeit on hindsight) they shouldn't have conducted the buybacks when it was lofty during the covid period - a ton of cash vanished.

Another major money pit was the huge premium BK paid to acquire Chemical Co of M'sia in exchange for precious cash. Maybe as shareholders we may never know the full rationale for this other than what was officially discussed.

Ok I've rambled enough.

2023-12-15 11:57

Golf123

It's a long game, keep it

2023-12-16 04:32

i3gambler

Turn out to be BKAWAN to pay Cash Dividend as it sold plantation asset in Kalimantan to KLK.

2024-02-14 17:35

WilburR2

pay cash dividend?

2024-02-21 05:58

WilburR2

inter party transaction

2024-02-21 05:58

calvintaneng

Post removed.Why?

2024-02-24 17:21

calvintaneng

Blog: THE IMMENSE VALUE OF TSH'S 80,000 ACRES PRIME LANDS IN BONGAN, (Only 43.9 KM from TiTik Nol IKN NUSANTARA, By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-12-story-h-186519186-THE_IMMENSE_VALUE_OF_TSH_S_80_000_ACRES_PRIME_LANDS_IN_BONGAN_Only_43_9

2024-03-12 02:26

sheldon

BK has been on a share buyback binge again of late.
Combined with high CPO prices that it reaps from its main sub KLK, I think that in the near term, it's looking very bullish.

2024-03-13 09:59

moven00

Nothing to shout here. I revisit when prices or market crash. Otherwise no incentive or interest to buy. Hahaha

2024-04-15 22:34

sheldon

Profits bobbing up & down. Prospects vague. Nothing much to shout about.
I think the purchase of Chemical Co a few quarters ago at an exhorbitant price is coming home to roost. It is haunting this co and will do so for a long time.

2024-05-24 10:00

WilburR2

Bkawan keeps buying back all this time. Will company distribute the buy back shares or cancel them ?

1 month ago

sheldon

Let's hope that the Co will either retain them as treasury shares or cancel them. It needs to neutralise as many shares as possible so as to bump up its EPS.

I applaud the continual share buyback measures but I hope it does not over do it until it has no more left in the coffers to pay handsome dividends.

1 month ago

sheldon

With CPO prices going well beyond 4k, will we see some bumper dividends coming our way?

1 month ago

sheldon

Aren't we all excited to see CPO prices going through the roof again? Unfortunately the share price is muted

1 week ago

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