KLSE (MYR): UTDPLT (2089)
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Last Price
24.18
Today's Change
-0.32 (1.31%)
Day's Change
24.16 - 24.56
Trading Volume
114,100
Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
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Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) |
*Malaysia Plantations*
*The unsung heroes of the nation (and the world)*
11 March marks the 4th anniversary of COVID-19 pandemic. We pay tribute to the plantation sector that has contributed immensely during the pandemic. While not undermining the sacrifices by the front-liners and others in the fight against COVID-19, this sector has played its part in ensuring food security, job security, and health security not just for the nation but the world over. Despite rising cost challenges and falling output, the sector still made huge monetary contribution of >MYR23b over the past 4 years in various forms of direct and indirect taxes, and contributions.
*>MYR23b in “social” contribution to the grateful for*
Between 2020 and 2023, the plantation sector has contributed approx. MYR6.1b in windfall profit levy, MYR3.7b in export duties, MYR1.3b in MPOB CESS (see Fig.1), MYR0.2b in Prosperity Taxes, >MYR6b in Sabah and Sarawak Sales Taxes (our back-of-the-envelope estimates), and easily >MYR6b in corporate income taxes and individual taxes (by the smallholders) to the Malaysian government . The sector is said to be among the highest tax contributor in terms of total taxes (including windfall profit levy, export duties, CESS, and Sabah and Sarawak Sales Taxes, in addition to corporate taxes). Monies collected by the government were channelled to (among others) nation building and running of many social programmes including free COVID vaccinations given to the people and cash handouts given to the needy during the pandemic.
*Food & health security roles often taken for granted*
Palm oil holds more than 50% market share in the global vegetable oils trade. Hence, its continuous availability is crucial to global food security as well as health security. Throughout the pandemic, palm oil exports never stopped as the government allowed palm oil cultivation to proceed.
Besides food use, the continuous availability of palm oil and palm products also meant there was the much-needed ingredients to make personal cares and cleaning products such hand wash, soap, laundry detergents, hand sanitisers, etc that the world desperately needed in its fight against the highly infectious COVID-19 virus.
*Job security for the locals as well as guest workers*
Many people lost their jobs at the start of the pandemic and had to draw down their hard-earned life savings to make ends meet. Prior to the pandemic, the sector has a strong workforce of 437,400 in Malaysia comprising local and guest workers. During the pandemic, the plantation sector was among the few granted special approval by the government to operate. Social distancing at workplace was inherent in the estates given that one worker typically covers more than 10 hectares of estates, providing a naturally safe working environment. Workers were even given free COVID vaccinations by their employers. At the height of the pandemic, outsiders had limited access to the staffs’ housing quarters and estate operations to ensure the safety of their workers and families. While country borders were mostly closed initially, guest workers remained employed throughout and were paid decent wages (plus incentives) that allowed them to repatriate the much-needed income to provide for their families back home (presumably equally affected by the pandemic).
Well Done Guys!
2 weeks ago
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
2 weeks ago
Calvin, I like your postings. Very factual and well researched. But what is TSH doing here?
2 weeks ago
If i m a sales man like calvin.
I would recommend msc
Msc=ytlpower 3.0
Not tsh...
So calvin i suggest if u cqnt afford utdplnt go buy MSC
See i help u even if u r an illiot
Sharing is caring..
2 weeks ago
Last time he talk great on CBIP ..how big the oil palm waiting to be harvest ..I buy @ 2 ..but only myself to be blamed as the decision to invest is still my responsibility…do yr own homework is what I learned .
2 weeks ago
He has tons of TSH share waiting to unload to those
who believe him. Majority of TSH plantation in Indo.
The Indo CPO price is much lower than Malaysia due to regulation.
How can TSH be a good investment?
This guy has to issue an apology statement and retract his statement
on a listed company, remember?
2 weeks ago
As for me, I make my life super easy, buy UP shares, keep it, and collect Dividends twice a year. That's it!
2 weeks ago
High...
And new high!
Good dividend counter!
Just keep..
Hoping for bonus or share split again!
2 weeks ago
🎵 Glory glory Hallelujah 2x, I'm so happy, thankful and grateful to God, I managed to buy many shares of UP at the very good price this morning 😍🤑🤓😍
2 weeks ago
today is Quadruple witching days , some of the counter could be volatile during the last minutes before the market closes
2 weeks ago
Optimists always make money. Pessimists watch and make no money. Read this, Ms Ivg Ng haha
1 week ago
Monday, 18 Mar 2024
5:20PM
UTDPLT EMPLOYEES PROVIDENT FUND BOARD (1,360,400 units Transacted)
1 week ago
Tuesday, 19 Mar 2024
5:17PM
UTDPLT EMPLOYEES PROVIDENT FUND BOARD (770,500 units Transacted)
1 week ago
🎵 Glory glory Hallelujah 2x , UP Price roar so high today and tomorrow, and everyday 😁😀
1 week ago
Wednesday, 20 Mar 2024
5:14PM
UTDPLT EMPLOYEES PROVIDENT FUND BOARD (249,700 units Transacted)
1 week ago
Finally the pig ooink899 has left the forum in shame...
@utdplnt rm24 plus..
Too much shame for it to handle it decided to leave..lol🤣🤣🤣🤣🤣🤣
1 week ago
Aiseh, animal Low so free ar?
Already sold his share @17 still talk a lot?😁😆😂😂
Nothing much happening ma, except waiting
for the div and Q1 result on 26th April.
6 days ago
What is EPF trying to do everyday? Price supporting? Careful. Bursa and SC are watching.
3 days ago
Oh sorry, I thought 26 March, so still have one more month to stock up, brothers. Yes mabuk just came back from Genting, the 2 casinos were closed for renovation there, the Caesar and Hollywood casino, so no choice everyone go to Sky, luckily I won a lot there, the Roulette table!!!
2 days ago
lionel messi
On the move again after short coffee break. Cannot keep a quality stock down for long.
2 weeks ago