UNITED PLANTATIONS BHD

KLSE (MYR): UTDPLT (2089)

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Last Price

14.66

Today's Change

+0.12 (0.83%)

Day's Change

14.62 - 14.68

Trading Volume

4,200

Overview

Market Cap

6,103 Million

NOSH

416 Million

Avg Volume (4 weeks)

258,566

4 Weeks Range

14.04 - 15.00

4 Weeks Price Volatility (%)

64.58%

52 Weeks Range

13.78 - 17.16

52 Weeks Price Volatility (%)

26.04%

Previous Close

14.66

Open

14.68

Bid

14.64 x 1,500

Ask

14.66 x 5,000

Day's Range

14.62 - 14.68

Trading Volume

4,200

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2022 [#3] | 07-Nov-2022

Next QR | Est. Ann. Date

31-Dec-2022 | 07-Feb-2023

T4Q P/E | EY

10.25 | 9.75%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

7.19 | 2.04

T4Q NP Margin | ROE

23.79% | 19.87%

Company Profile

Sector: PLANTATION

Sector: PLANTATION

Subsector: PLANTATION

Subsector: PLANTATION

Description:

United Plantation Berhad cultivates and processes palm oil, coconuts, and other plantation crops. Its subsidiaries process and manufacture palm oil until it is ready to be packaged and distributed to customers worldwide. It owns light railway to transport products from palm trees to a handful of mills located on its property. Coconuts can be sold at a young age for drinking purposes, or as mature nuts to help produce milk, powders, and other products. End products produced by the company include cooking oils, ready-to-eat oils, soaps, and specialty fats. The remaining waste water and discharge from mill operations are used to produce fertilizers or shipped to ponds where it can be purified and released to rivers and waterways.

Discussions
4 people like this. Showing 50 of 1,712 comments

dam82

nothing to sweat just collect and hold . next few years Tanah Rata Contribution will be reflected strongly which means more divident and stock price will be better .... why worry lor ...

2 months ago

ooihk899

Why want to bother about Dick3. He is just same las small fry UNCLE. The drop in price maybe due to 8% reduction in CPO production. Base on June closing of CPO price at 5088, if my calculation is correct, UP forward contract < 1yr is around 4100, >1yr is close to 4800. I will collect if drop below 13.

2 months ago

StartOfTheBull

Post removed.Why?

2 months ago

LossAversion

Simple when comes to Up. When down, time to buy more and keep. It is a very well-managed plantation above the rest.

2 months ago

Fabien _the efficient capital allocator

Long term plantation outlook aptly encapsulated by UMCCA's chairman Datin Paduka

"Despite the current challenges, UMB believes palm oil’s long-term outlook remains bright. In the foreseeable future, palm oil’s twin status as the vegetable oil with the highest yield per hectare and the cheapest vegetable oil to grow is unlikely to be challenged. }

2 months ago

stockraider

Good result for UTD PLANT loh....bcos it has sell fwd at a good price....when CPO is high loh..!

Their refinery will benefit the most loh!

Expect very good div coming loh!

2 months ago

Pinky

Recession coming
Inflation high

Good time to own UTDPLT

2 months ago

NatsukoMishima

Never never keep high price stock for long term in bursa !

2 months ago

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 !

2 months ago

observatory

I remember you the promoter of DNEX, when the share price was a lot higher than today.

2 months ago

Pinky

LOL high price stock like PPB, UTDPLT, Public Bank, HLB, Dutch LAdy, Nestle u mean?

Takkan nak buy and keep sampah penny stock like DNEX? Huahahahahahahaha

2 months ago

Superpalminvestor

What's wrong with this Natsuko fella? He must be trapped in many penny stocks with 90% loss, that's why he's talking nonsense in bluechips stock forum

2 months ago

gemfinder

This japanese whore like to moarn

2 months ago

NatsukoMishima

My intention is just to warn all friends !

2 months ago

bullrun1985

utdplt keep dropping, any advise here??

1 month ago

ooihk899

bullrun 1985, this is a dividend stock. Not suitable for short to midterm investor.

1 month ago

dam82

Sifu's would the warrant dilute total number of shares since November there is one would expire ? Impact to dividend ...

1 month ago

observatory

They are structured warrants issued by investment banks. They've taken opportunity to cash in on speculators bullish on rising CPO price just a few months ago.

1 month ago

Pinky

3rd quarter results coming in a week's time!

4 weeks ago

ooihk899

3Q out on 8th Nov. Should be good

4 weeks ago

dam82

Cross finger 40cen if not 30 also okie lah ..... 2morow hope go down a bit more

4 weeks ago

ooihk899

If 40 sen can consider good le. DY is around 2.8% since it's only interim dividend.

4 weeks ago

observatory

Natsuko, good sharing. I enjoy reading the entire article.

It's funny to read that "her local colleagues who informed her that neighboring countries Indonesia and Malaysia were burning rain forests to make palm oil." It's funny to know how the story just get twisted from a misguided Singaporean colleague and eventually fit into the anti palm oil stereotype.

But make no mistake. I believe there are real money betting on palm oil replacement. I also believe it can become successful one day.

Applying biotech to change the world is not new. There are companies working on plastic eating microbes, as well as microbes that produce green aviation fuel to combat climate change. I'm quite confident all of them will succeed one day and make the world a better place. The question is how long will it take to scale up to make commercial sense.

I suspect this palm oil alternative, if ever successful, will for a long time remain a niche application, perhaps first used in the most expensive cosmetic which already commands a premium and their customers don't mind overpaying.

But don't expect the mass market Western consumers to pay 10X or even 100X for their environmentally friendly shampoo or chocolate, no matter how environmentally friendly they are. Not to mention most of the palm oils are sold to price conscious developing countries.

I also foresee little impact from the investment point of view. UP is mostly valued as a dividend stock. Applying a dividend discount model, most of its value will be derived from the first 10 or 15 years of dividends, discounted to present value. The synthetic palm oil, if ever successful, will not make a dent on the global palm oil demand for at least the next 20 years.

I would rather pay attention to foreign labor issue, Indonesia export, Ukraine War etc. But interesting story nonetheless.

3 weeks ago

LossAversion

@NatsukoMishima, this type of article is great read when you have insomnia or when feeling down!!!
Posted by NatsukoMishima > 10 hours ago | Report Abuse

https://www.cnbc.com/2022/11/03/gates-backed-c16-biosciences-uses-yeast-to-create-palm-oil-substitute.html

3 weeks ago

Pinky

No need to listen to those woke gwei lous

US don't buy, China, India, Indonesia, Middle East will absorb

Those gwei lous have agenda against palm oil

3 weeks ago

Pinky

Woohoo results not bad!

3 weeks ago

Pinky

"With the significant uncertainties relating to the global economic outlook only worsened by the consequences of the Russia-Ukraine War and the labour shortages in Malaysia, it is difficult to predict the results for 2022. However, based on the current palm oil prices and the company’s ability to minimize significant crop losses so far in spite of the acute labour shortages, the Board of Directors expect that the results for the year will be satisfactory and better than in 2021."

3 weeks ago

DestinyL

So divvy should be 40 sen?

3 weeks ago

DestinyL

Oh, I just read the divvy announcement. Muuuuaaaaks

3 weeks ago

1LegKick

Nice....as expected RM0.40... shopping time

3 weeks ago

Pinky

Consistently paying annual dividends above EPF returns, apa lagi u mau??? XD

Best palm oil counter u can buy and hold.

3 weeks ago

dam82

Holiday mari now prepared to sapu after ex divident for next year lor ..

3 weeks ago

ooihk899

QR highest ever at 197m. I think this year NP should surpass 600M. Hopefully full year dividend will be at least 1.9

3 weeks ago

joerakmo

Good result but I suspect could be better!! FYE22 EPS maybe Rm1.60-1.70
UP did not pay Div at half year but pay now @ 3Q. and for the 1st time very short waiting period to ex date.

3 weeks ago

DestinyL

Divvy 1.9 not so likely lah
Perhaps RM0.40 + RM1.05 is possible, around RM1.45, which will translate to 10% yield at current price

3 weeks ago

Fabien _the efficient capital allocator

40sen dividend. appetizer before the main course

3 weeks ago

dam82

yes waiting to collect more for the main course ...if they can sustain these profit at this level despite higher expenses right from labour , fertilizer , runtuh tax ... wait for the t tanah rata contribution in future ... long term propect is intact ...

3 weeks ago

LohMeinMang

You should also look at comprehensive income lah, 400m in this quarter. Look at cash-flow statement, 800m of operating earnings these 9 months. Add one more quarter and its around 1 billion. Its over 2.3rm per share!

They have increased profit to 400m because of hedges reversing. Lots of money not bound to hedges anymore. Makes dividend of 1.9 very achievable. Earnings also hedged for 2023 ensure high dividend also. This quarter alone, comprehensive income was higher than whole profit for 2020, 2019, 2018 or 2017... in one quarter!

Usually UP makes special dividends, but now raised to 40 sen as ordinary dividend because they must believe new higher dividend is sustainable.


Hopefully stock price not up more than 16 tomorrow, otherwise very easy buy.

Disclosure: Long UP

3 weeks ago

DestinyL

Huh? 9 months PBT is only around 620m+
Q1 at 76m dragged
Rolling 4Q PBT is 842m, next Q should be slightly lower revenue by gauging the ASP curve

3 weeks ago

ooihk899

Oops!!! Sorry, typo, full year divy at least 1.3, means final divy at least 90 sen.


Posted by ooihk899 > 4 hours ago | Report Abuse

QR highest ever at 197m. I think this year NP should surpass 600M. Hopefully full year dividend will be at least 1.9

3 weeks ago

LohMeinMang

DestinyL - Profit before tax is accounting number.

Look at cash flow lah, its what they pay dividends with... its on page 6 of the quarterly report:

811,103 cash flow from operating activities from last 9 months.

3 weeks ago

DestinyL

Dividend policy guidance is based on earnings or EPS, cash flow tells you whether their guidance can be fulfilled or even surpassed

3 weeks ago

ooihk899

If price can stay above RM3500/ton, next year divy also should be good since no 'prosperity tax'

3 weeks ago

dam82

True one of the best managed plantation company look at recent KLK result … will add more while goes down … with everything happening in Malaysia this is the safest bet

1 week ago

Pinky

The most efficient planter!

1 week ago

dam82

some might be sad no rally but don't sweat ..utdplt always slow and steady and some good news despite not for old timers



https://www.theedgemarkets.com/article/united-plantations-sime-darby-plantation-among-top-10-esg-ranking

KUALA LUMPUR (Nov 24): United Plantations Bhd ranked second and Sime Darby Plantation Bhd has climbed to the seventh spot out of 100 assessed palm oil producers globally in November, according to 2022 SPOTT ranking of palm oil producers.

United Plantations scored a high 92.6% based on SPOTT’s November 2022 assessment, an increase of 6.4% from the 86.2% score in last year’s assessment.

A breakdown in the SPOTT assessment on United Plantations showed an above 80% score in three categories: organisation (96.1%), policy (98.7%) and practice (84.2%). United Plantations also scored 100% in its High Conservation Value, High Carbon Stocks and Impact Assessments category.

6 days ago

ooihk899

No need to bother with price movement, every year fat dividend good enough lah.
Just look at RCE int div 5 sen, spec div 18 sen.

6 days ago

dam82

haha true true just in case someone started to complain ...

6 days ago

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