KLSE (MYR): BPLANT (5254)
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Last Price
1.49
Today's Change
0.00 (0.00%)
Day's Change
1.46 - 1.49
Trading Volume
6,504,900
Market Cap
3,338 Million
NOSH
2,240 Million
Avg Volume (4 weeks)
16,090,926
4 Weeks Range
1.42 - 1.52
4 Weeks Price Volatility (%)
52 Weeks Range
0.60 - 1.52
52 Weeks Price Volatility (%)
Previous Close
1.49
Open
1.48
Bid
1.48 x 211,000
Ask
1.49 x 711,000
Day's Range
1.46 - 1.49
Trading Volume
6,504,900
Latest Quarter | Ann. Date
30-Jun-2023 [#2] | 24-Aug-2023
Next QR | Est. Ann. Date
30-Sep-2023 | 22-Nov-2023
T4Q P/E | EY
38.53 | 2.60%
T4Q DY | Payout %
3.62% | 139.63%
T4Q NAPS | P/NAPS
1.28 | 1.16
T4Q NP Margin | ROE
8.29% | 3.02%
2023-09-23
2023-09-21
2023-09-21
2023-09-21
2023-09-21
2023-09-21
2023-09-21
2023-09-21
2023-09-19
Sector: PLANTATION
Sector: PLANTATION
Subsector: PLANTATION
Subsector: PLANTATION
Description:
Boustead Plantations Bhd owns oil palm plantations in Southeast Asia. It cultivates oil palm and harvests fresh fruit bunches (each bunch is taken from an oil palm tree and can contain several hundred individual fruits) throughout its fields. Research and development investments range from improving crop transportation to developing new oil palm breeds. The company produces and sells crude palm oil, palm kernel, and fresh fruit bunches to maintain flexibility with customers. Additionally, it provides mill design and consultancy services. Examinations play an integral role to the consultancy services and enhance plant production capabilities.
No wonder people sell down Bplant and bought Jtiasa
BOUSTEAD PLANTATIONS BERHAD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description Monthly Crop Figures for August 2023
MONTH TODATE
BOUSTEAD PLANTATIONS BERHAD 71,417.85 509,577
Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD
Sep 15, 2023 2:35 PM | Report Abuse
FFB Production
Jan: 69,891
Feb: 58,983
Mar: 61,486
3 months: 190,360
Apr: 61,312
May: 78,585
Jun: 84,751
3 months: 224,648
July: 110,269
Aug: 120,312
Sept:
3 months
1 week ago
KUALA LUMPUR (Sept 11): Kuala Lumpur Kepong Bhd (KLK) has entered into a letter of agreement with Boustead Holdings Bhd (BHB) and the Armed Forces Fund Board (LTAT) to agree for the cut-off date for a strategic collaboration agreement (SCA) to be Sept 22 or such other date as may be agreed in writing between KLK, BHB and LTAT.
When the SCA become effective/unconditional/legally binding then Bplant shareholders will receive KLK offer letter at RM 1.55
1 week ago
Sslee,need your advice, should I keep and see or let's go before price drop more and I suffer loss. Any chance of rebound?
1 week ago
When KLK don't buy from open market, much lower than takeover price, we have to be worried.
1 week ago
On June 3, Syed Mokhtar, via his private vehicle Seaport Terminal (Johore) Sdn Bhd (STJSB) which owns a controlling 51.76% stake in MMC, announced that he plans to take the company private via an SCR exercise at RM2 per share.
The last time when Syed Mokhtar SCR MMC at RM2.00 and I do not know why on certain days someone sold down to below RM 1.80. I just collect more below RM 1.80 because I know the EGM will surely approve the deal.
As of Kuala Lumpur Kepong Bhd (KLK) has entered into a letter of agreement with Boustead Holdings Bhd (BHB) and the Armed Forces Fund Board (LTAT) to agree for the cut-off date for a strategic collaboration agreement (SCA) to be Sept 22 or such other date as may be agreed in writing between KLK, BHB and LTAT.
Will the SCA become effective/unconditional/legally binding is still uncertain as market talk is KLK overpaid for Bplant and you know Malaysia politicianss are having a field day turning the deal into racial issue.
By the way for pure plantation stocks you just need to know the FFB havest for the quarter, total borrowing the company have and MPOB spot price monthly average to know what the quarter result will be.
KLK is not paying for the Bplant plantation business but paying a high premium for the freehold plantation land Bplant have.
LTAT need the money and yearly dividend thus previously Bplant just sold some valuable land to report few hundred millions disposal gain to pay good dividend.
Note: Company Act 2016 only allow dividend payment from profit unlike previously Bplant can even borrow money to pay good dividend
Bplant palm trees are old and need Capex for replanting.
So whether to sell Bplant now or hold on is a decision you need to make yourself.
1 week ago
haha, if your cost is 50 sen. you should sell at 1.46, you made nearly 200% ,why not. but if you are a day trader and you bought at 1.50, your are trapped.
1 week ago
Tsh resources versus Bplant
1. Tsh recent lowest was 90 sen and now only Rm1.01 while Bplant recent lowest was 60 sen and now Rm1.46
that means that Tsh still a laggard while Bplant is up alot
buy low sell high now applies more to Tsh
2. Bplant owners Ltat and Boustead are under huge financial burden due to very high debt while Tsh's pared down debts from Rm1.4 billions to only a mere Rm77 mil next debt
plus directors of Tsh has been loading up to the hilt and holding firmly
3. Bplant is now a popular hot 🔥 stock as seen by many enthusiastic traders, punters, investors and what not ?
While Tsh has been under constant attacks by naysayers relentlessly
so more 90% likes Bplant while less than 10% cares to take another look at Tsh
history and real life experience tell us eventually more than 90% will lose money and only less than 10% will make money
So use your brain and think very carefully
1 week ago
The last update in Bursa, after KLK's last purchased made in the open market on 7 Sept 23 plus the stake bought earlier from LTAT amounted to 35.71%.
This have not included the offer from KLK which is pending to minorities soon at RM1.55, cheers.
6 days ago
Is it that those who hold the Bplant until 22 Sept 2023 (before 5 pm) will be sent offer letter of RM1.55?
6 days ago
If follow the privatization of Oldtown, the letter of offer will be issued within 21 days from 25 Sept 2023 (notice of offer in KLK announcement).
6 days ago
Last thing is to receive the money shareholders sold Bplant to KLK (within 10 days from 14 Nov 2023).
6 days ago
One troubling matter is why KLK does not need an EGM to approve the purchase of Bplant in order that the STRATEGIC COLLABORATION AGREEMENT (SCA) becomes unconditional. MBSB needs an EGM to acquire MIDF and SIME needs an EGM to acquire UMW.
6 days ago
https://theedgemalaysia.com/node/682988
( dated 18 Sep 2023, 08:58 pm)
An extract:
** However, the minister noted that Boustead’s deal with KLK has yet to reach the stage where it requires his approval, adding that he is also in dialogue with the Ministry of Finance (MOF) to address Boustead’s other debt obligations. **
Does it mean ???
(A) pending his approval or
(B) his approval not required
5 days ago
@ACE9696, saya cuma berharap segala urusan pengambilalihan berjalan dengan sempuna dari mula sehingga akhir. Ini pengalaman baharu bagi saya.
5 days ago
@taitamau, Pak Mat is convinced that this takeover can be carry out by Boustead Holdings Berhad themselves without troubing him.
5 days ago
@seeking, If less than 100% acceptance, another week will be given. Referring back to OldTown Berhad, it reaches almost 100%. Every week, KLK will announce the percentage of acceptance until the 3 or 4 weeks. If still do not achive 90%, I also don't know. I am also learning new things.
5 days ago
FYI, once the SCA turned unconditional, a notice of Unconditional General Offer will be issue, letter of acceptance will be available after 21 days from notice. Normally offer will be open for acceptance for 21 days and offeror can extend up to maximum 60 days, payment will be received within 10 days from the date of acceptance.
4 days ago
With Tok Mat coming out with a statement that Bplant sale will help to prevent Boustead from financial distress the Mgo will now go through
If Bplant stays listed will be good however bplant will most probably be taken private
At Rm1.55 with all its "gold mine lands" not revalued we will never know the full eventual enterprize value of bplant.
We hope bplant can remain listed but if not there is still thplant, jtiasa and tsh with potential
However, invest only if you can buy and hold longer term
4 days ago
wow... very good offer...RM1.55 my drean come true...impian become nyata lor. aku ingat dulu paling tinggi sekitar 1.20, lepas itu jatuh menjunam bawah 0.60 ada rezeki lah kali ini.
4 days ago
memang bagus juga ada orang beli syer aku. Rm1.55 wow. aku terima seadanya...haha
4 days ago
Boustead Plantations to be taken private by KLK, major shareholders, at RM1.55 per share according to The Malaysian Reserve news. so boleh confirmed lah, if everything went smoothly ya.
4 days ago
@atk3nthiew, that means the ex-date is 21 days after KLK issues an unconditional general offer. Just hold on to the shares. KLK registrar is Symphony Share Registrar Sdn Bhd.
4 days ago
Anything don't understand, just call the registrar 03-78490777. I am also holding UMW to be acquired by Sime Darby at RM5.00. Now still standing (not moving) at RM4.77 with high trading volume (buy and sell themselves by Sime Darby).
4 days ago
Sime Darby EGM is on 16 Nov 2023. Shareholders will sure to pass the takeover proposal. Sime registrar is Tricor Sdn Bhd.
4 days ago
Bplant has moved up. UMW has not moved at all. Still got time to do bargain hunting.
4 days ago
Sold my BPlant and told thanks to LTAT. My friends advised that I don't need the last 7 sens. Good Bye BPlant. Hope all U guys enjoy the ride.
May be want to consider Pharma or Affin as next target if the price is right. As LTAT said, they don't want to run businesses and let the experts do it, if true than BPlant deal will happen and so will Pharma and Affin sale.
4 days ago
rohank71
good for you
but Bplant is unique because of its deep value land assets which if sold will unlock Billions $$$
For pharma there is razor thin margin profit and Affin already rich in value
a very similar asset play to bplant is Thplant
3 days ago
On behalf of the Board, RHB Investment Bank wishes to announce that the Company has entered into a second letter of agreement with BHB and LTAT to agree for the Cut-Off Date to be 6 October 2023 or such other date as may be agreed in writing between KLK, BHB and LTAT.
2 days ago
Every two weeks, they keep on delaying, until players get fed up, and sell cheap to KLK. Is it for a maximum of 8 weeks delay?
2 days ago
KingKoil
Check this
https://www.reuters.com/business/environment/el-nio-conditions-continue-through-winter-us-forecaster-2023-09-14/
1 week ago