TH PLANTATIONS BHD

KLSE (MYR): THPLANT (5112)

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Last Price

0.64

Today's Change

-0.025 (3.76%)

Day's Change

0.63 - 0.665

Trading Volume

3,429,300

Overview

Market Cap

566 Million

NOSH

884 Million

Avg Volume (4 weeks)

4,171,900

4 Weeks Range

0.63 - 0.76

4 Weeks Price Volatility (%)

7.69%

52 Weeks Range

0.475 - 0.885

52 Weeks Price Volatility (%)

40.24%

Previous Close

0.665

Open

0.665

Bid

0.635 x 55,100

Ask

0.64 x 33,500

Day's Range

0.63 - 0.665

Trading Volume

3,429,300

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 28-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 29-May-2024

T4Q P/E | EY

12.13 | 8.24%

T4Q DY | Payout %

3.13% | 37.92%

T4Q NAPS | P/NAPS

0.81 | 0.79

T4Q NP Margin | ROE

7.99% | 6.51%

Market Buzz
Company Profile

Sector: PLANTATION

Sector: PLANTATION

Subsector: PLANTATION

Subsector: PLANTATION

Description:

TH Plantations Bhd is engaged in investment holding, cultivation of oil palm, processing of fresh fruit bunches, marketing of crude palm oil, palm kernel and fresh fruit bunches (FFB). It also provides management services. The Group has three reportable segments: Oil palm plantations; Management services and Forestry. Oil palm plantations segment includes cultivation of oil palm, processing of FFB, marketing of crude palm oil (CPO), palm kernel (PK) and fresh fruit bunches (FFB). The Management services segment includes the provision of management services. The Forestry segment is engaged in the harvesting of rubberwood. It derives most of its revenues from Oil palm plantations segment.

Discussions
7 people like this. Showing 50 of 2,061 comments

Hush77

compare to jtiasa this is half priced.. so some retailers would feel that thplant shares are cheaper and more affordable..
hahaha

1 month ago

warent

jtiasa, tsh, thplant, are almost equally good, at the end, they will have almost same market capital

1 month ago

KingKoil

Top up top up..Mari Mari mari

1 month ago

HaroldHuong

Windy day

1 month ago

Hush77

thplant is profitable and still trading below NTA......and it has various plantation assets as mention by calvin..
so, it might also be an attractive target for bigger plantation co....

1 month ago

calvintaneng

IF PALM OIL COMPANIES WILL GIVE OUT CONSISTENTLY HIGH DIVIDENDS: THEIR SHARE PRICES WILL RISE LIKE KLK, UTD PLANT OR INNOPRISE PLANT, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-08-story-h-186603663-IF_PALM_OIL_COMPANIES_WILL_GIVE_OUT_CONSISTENTLY_HIGH_DIVIDENDS_THEIR_S

1 month ago

calvintaneng

Fcpo real time
Rm4,110

1 month ago

calvintaneng

Fcpo Rm4,110 for Thplant is like?

Malaysia winning Thomas Cup 🏆

1 month ago

Hush77

i think thplant is as good as jtiasa...landsize of >200k acres...quite similar..
a good takeover target for the big boys...who can better replant and extract the palm oil....

1 month ago

Skyliew1919

Thplant total how many aces land where see

1 month ago

calvintaneng

Thplant got 240,000 acres

See

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=224453&name=EA_DS_ATTACHMENTS

Under Property owned by Thplant

1 hectare is 2.471 acres

1 month ago

Skyliew1919

Thanks calvin

1 month ago

ChloeTai

Dear Calvintaneng, which plantation stock is target for privatisation?

1 month ago

Albukhary

Based on my own research, SUBUR is the best target for privatisation. As the share price and the NTA has enough room to create a win-win privatisation for both Acquirer and Seller.

Current share price : RM0.89
NTA : RM3.50

If the Acquirer offer RM2.20, I believe most of the minority shareholder will accept the offer, as there is a handsome profit of RM1.30.

Same for the Acquired, the NTA of RM3.50 vs RM2.20 offer price, there is also a gain of RM1.30.

1 month ago

calvintaneng

ChloeTai

Which will be the next palm oil stock to be taken private?

Bplant was taken private at Rm1.55 by Ltat

Fgv was given Rm1.30 to be taken private by Felda but failed

Next one most probably Thplant as it is owned by Tabung Haji

Ltat, Felda and Tabung Haji all are Govt Glcs

But taken private means no more future growth opportunity for Investors

Better stay listed

And the best buy now is Tsh Resources

Bought Bplant at 57 sen in 2021 and Ltat took private at Rm1.55
Bought Thplant in year 2021 at 47 sen. Now 75 sen
Bought Tsh at Rm1.09. Now only Rm1,13
That means Tsh is a laggard and lots room more to go higher

1 month ago

Skyliew1919

High chance coz need money dividend

1 month ago

daretocutandchange

assets held sale if get approved ,maybe by that times is show time

1 month ago

warent

all the plantation companies in klse are more or less undervalue, except utd. plantation. but utd. plantation had set a very good example.

1 month ago

speakup

Cannot compare with Utdplnt lah coz Malaysian funds put premium to kwai loh companies like Utdplnt, Nestle, Allianz. As if locals are incapable

1 month ago

warent

the last chance to buy plantation companies with more than 200,000 acres, while still cheap. jtiasa, tsh, thplant, don't know which one to pick, quite headacre !

1 month ago

calvintaneng

Which one to pick
Easy as A, B & C

Put 20% in Jaya Tiasa
Put 30% in Thplant
Put 50% in Tsh resources

1 month ago

calvintaneng

Real time Fcpo Rm4183!

1 month ago

calvintaneng

Very happy evening all

We have selected RSawit to replace Bplant in Top 10 Palm oil Picks

RSAWIT (5113) A Palm Oil Turnaround Due to High Cpo over Rm4,100 MT Plus Very Very Undervalue Assets that are Easy to Liquidate for High Profits, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-13-story-h-186459631-RSAWIT_5113_A_Palm_Oil_Turnaround_Due_to_High_Cpo_over_Rm4_100_MT_Plus_

1 month ago

SCM2023

calvintaneng, i sold off my Dayang on 12th March and purchased THPlant following your analysis. Hope i gain more from THPant but yesterday alone lost Dayang opportunity cost of RM0.13

1 month ago

EngineeringProfit

Can claim back from Calvin corp, why worry? 0.13- only right?

(That time, I sold THplant to buy Dayang- earned profit$ ....hehe- you were they buyer lah at that time)

1 month ago

AhHuat168

the stock might go further down, watch out

1 month ago

calvintaneng

The stock?
Can also suddenly go limit up if Tabung Haji announce a takeover

1 month ago

newbietrader9

dip a little more & I'm in

1 month ago

newbietrader9

0.8 should be achievable

1 month ago

AhHuat168

told you guy already, this stock will go further down, may be due to recent CPO price going down

1 month ago

calvintaneng

Cpo still over Rm4200

Even if Cpo at Rm3500 Thplant making good money

Thplant used to have low cost of Cpo at only Rm1,463 per ton in those days
Now with high fertilizer, sukuk loan and labour its cost has gone near Rm2500

But fertilizer cost has come down and so profit will go up
Thplant has started to increase dividend which is a good sign

1 month ago

Johnzhang

FY2024 is likely to see quick significant improvement in Profit .
Reasons are :
(1) Revenue will increase by double digit arising from higher FFB production and higher realizable selling price .
(2) higher fair value gain compare to 2023
(3) lower cost of production due to 50-60% drop in fertilizer and pesticides prices

3 weeks ago

Johnzhang

Significant improvement in profit will drive share price substantially higher .
All you need is conviction and patience for 9-12 months.
Just my view .

3 weeks ago

Johnzhang

When THplant makes substantially higher profit, you can be sure that dividends will be correspondingly higher . Lenbaga TH needs as much dividend as possible to even sustain 3% interest payments to its depositors . Same case like Bplant before .

3 weeks ago

Johnzhang

CPO spot month closed at RM4,462 today !

2 weeks ago

miracle_trader

also if you see the latest annual report, the CEO said they r open to the possibility of unlocking value of their plantations. anyway, dun want to reveal much more, let those ppl continue sell, i will buy more.

2 weeks ago

SCM2023

Will this company end up being taken over likes Bplant?

2 weeks ago

AhHuat168

tomorrow dividen ex date, most likely will go down again?

2 weeks ago

Johnzhang

If there is plan to unlock the value of its assets, the controlling shareholder will likely privatize it.

2 weeks ago

AhHuat168

If privatization take place, it is quite unfair to us as minority shareholders.

2 weeks ago

Johnzhang

Fair or unfair privatization depends on what price is being offered .

2 weeks ago

speakup

Fgv already so long talk about privatisation but no happen also.
Mphbcap already so long talk about privatisation also no happen also.

2 weeks ago

Johnzhang

Controlling shareholders of FGV and MPHBcap may not privatize the companies at all. Also true that nobody is going to give us advance notice of the privatization plan , if they exist .

2 weeks ago

AhHuat168

Give 0.02 dividen today, but the price drop until 0.71, this is not a good sign, im afraid this stock sudah habis goreng, will continue go south

2 weeks ago

Albukhary

Don't worry..
More n more hot money have been withdrawal from US market and all these money is coming to Asia.
Today you may feel disappoint when you see the share price drop, but in long term you will regret why you didn't accumulate more at this stage.
I strongly believe Malaysia stock market will enter into a Bull Run, so everything is cheap now, just hold and continue to accumulate, especially for good fundamental stock that have profit, price below NTA, owned a lot of value asset like land....etc.

2 weeks ago

AhHuat168

ALbukhary, hopefully you are right. Lets hold and wait for bull market soon.

2 weeks ago

Johnzhang

THplant is potentially the highest profit growth plantation stock for 2024 (against 2023’s earnings). Hopefully this will drive stock price to $1.20/-.

1 week ago

miracle_trader

john is smart, can see. most ppl cannot see that the worst is over for TH plant. need to have patience, will break new high above 1.20

1 week ago

AhHuat168

Gosh, what happen now? th keep going down

5 days ago

EZMONEY13

Go down means i can buy some

4 days ago

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