HAP SENG PLANTATIONS HOLDINGS
KLSE (MYR): HSPLANT (5138)
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Last Price
1.71
Today's Change
0.00 (0.00%)
Day's Change
1.68 - 1.74
Trading Volume
772,100
Overview
Market Cap
1,368 Million
NOSH
800 Million
Avg Volume (4 weeks)
595,470
4 Weeks Range
1.68 - 1.99
4 Weeks Price Volatility (%)
9.68%
52 Weeks Range
1.68 - 3.50
52 Weeks Price Volatility (%)
1.65%
Previous Close
1.71
Open
1.72
Bid
1.70 x 9,500
Ask
1.71 x 2,000
Day's Range
1.68 - 1.74
Trading Volume
772,100
Financial Highlight
Latest Quarter | Ann. Date
31-Dec-2022 [#4] | 22-Feb-2023
Next QR | Est. Ann. Date
31-Mar-2023 | 25-May-2023
T4Q P/E | EY
6.50 | 15.37%
T4Q DY | Payout %
7.02% | 45.63%
T4Q NAPS | P/NAPS
2.41 | 0.71
T4Q NP Margin | ROE
25.82% | 10.91%
News and Blogs
Company Profile
Sector: PLANTATION
Sector: PLANTATION
Subsector: PLANTATION
Subsector: PLANTATION
Description:
Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in the planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. Majority of the group sales were local delivered sales to refiners within Malaysia.
Discussions
6 people like this. Showing 50 of 701 comments
Quarterly Report: 31st December 2012:
Share Qty: 799.98m
Share Price: RM2.82
Market Cap: 2256m
Total Liability: 228m
Total Current Asset: 196m
Enterprise Value (EV) for Oil Palm Planted Area: =2256 + 228 - 196 = 2288m
Total Oil Palm Planted Area: 35551ha
EV per ha: RM64358 per ha
________________________________________________________________________________
Now, 10 Years Later:
Latest Quarterly Report: 30th September 2022:
Share Qty: 799.69m
Share Price: RM1.86
Market Cap: 1487m
Total Liability: 501m
Total Current Asset: 684m
Biological Asset: 42m
Net Total Current Asset: 684 - 42 = 642m
Enterprise Value (EV) for Oil Palm Planted Area: =1487 + 501 - 642 = 1346m
Total Oil Palm Planted Area: 35434ha
EV per ha: RM37986 per ha
________________________________________________________________________________
Discussion:
1) In 10 years time, the EV / ha reduced 59% from RM64358 to RM37986.
2) The market price (EV / ha) for Sabah Oil Palm is around RM80000.
3) Base on EV calculation, HSPLANT is very cheap.
4) The FFB production for Year 2012 is 665812mT.
5) Now, the current 12 months FFB production is 572351mT.
6) HSPLANT said the FFB production for Year 2023 would be 670000mT.
7) However, an analyst is less optimistic, and predicted 630000mT.
8) HSPLANT has 60% Dividend Policy, YTD, the EPS is 23.94sen,
9) Already paid 5sen Dividend, Can expect at least 23.94*0.6-5 = 9.36sen.
2022-12-26 09:11
Now, Let say HAPSENG wants to take HSPLANT private or sell it off.
1) At market price, EV / ha = RM80000,
Then the share price = (0.08*35434+642-501)/799.69 = RM3.72 / share.
2) At cheaper price, EV / ha = RM70000,
Then the share price = (0.07*35434+642-501)/799.69 = RM3.28 / share.
3) At a very cheaper price, EV / ha = RM60000, (I think very unlikely that cheap)
Then the share price = (0.06*35434+642-501)/799.69 = RM2.83 / share.
2022-12-26 10:13
The calculations are sound and clear, but not sure whether the Mr. Market buys it or not.
2022-12-26 23:47
PALM OIL SOLID EARNINGS & DIVIDENDS WILL SEE US THROUGH UNCERTAIN YEAR OF 2023, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-12-27-story-h-302762800-PALM_OIL_SOLID_EARNINGS_DIVIDENDS_WILL_SEE_US_THROUGH_UNCERTAIN_YEAR_OF
2022-12-27 21:53
https://klse.i3investor.com/web/blog/detail/savemalaysia/2023-01-04-story-h-301980358-Undervalued_small_and_medium_cap_plantation_firms_potential_M_A_targets
In the above article, Maybank IB said a notable privatisation candidate is Hap Seng Plantations Holdings Bhd, as it trades at an attractive EV of RM33,255 per planted hectare, a P/BV of 0.81 times, and with net cash of 54 sen per share.
_______________________________________________________________________
1) Guess the possible offer prices and EV/ha.
HSPLANT was listed in 2007, the retail and institutional IPO prices were RM2.65 and RM3.05.
Let say HAPSENG now offer to buy back at RM3.05,
Then the EV/ha = (3.05*799.69m +501m - 642m) / 35434ha = RM64900/ha,
Still 19% cheaper than the market price of RM80000/ha in Sabah.
However, the offer price RM3.05 is already 58% higher than market price of RM1.93.
Retail investors should welcome such offer.
_______________________________________________________________________
2) HAPSENG afford to offer so or not?
They are now holding 556m HSPLANT shares,
Meaning there are only = 799.69m- 556m = 243.69m shares not owned by HAPSENG.
Therefore the amount required = 3.05*243.69m = 743m
Look at HAPSENG latest balance sheet, they have about 3000m cash and money market.
HAPSENG definitely can afford to privatize HSPLANT.
Then HSPLANT has cash and money market of 499m.
After fork out 743m, then get back whole lot of 499m, the net flow out is only 244m.
244m is chicken feed for HAPSENG.
2 months ago
Good analysis and let's see how much dividends we shall get soon.
Hsplant has always been my favorite share held for long time.
2 months ago
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He also have difference cure for any sickness and disease (1) HERPES,
(2) DIABETES,
(3) HIV&AIDS,
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(5) HEPATITIS B,
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ETC
2 months ago
Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513
Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR
Visit his website https://herbalhome247.wixsite.com/mysite OR
WhatsApp/Call him with this Phone Number: +2348078467513
He also have difference cure for any sickness and disease (1) HERPES,
(2) DIABETES,
(3) HIV&AIDS,
(4) URINARY TRACT INFECTION,
(5) HEPATITIS B,
(6) IMPOTENCE,
(7) BARENESS/INFERTILITY
(8) DIARRHEA
(9) ASTHMA.
ETC
2 months ago
Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513
Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR
Visit his website https://herbalhome247.wixsite.com/mysite OR
WhatsApp/Call him with this Phone Number: +2348078467513
2 months ago
Hs plant
Last 3 qtrs ffb improved alot
High cash of rm498 millions will benefit from high bank int rate
At 20.5 sen dividend yield is 10%
2 months ago
High ffb benefits upstream more like hs plant, Tsh, jtiasa, thplant and bplant and Taann
Hs plant has 62.25 sen cash
Dividend will be good
2 months ago
https://klse.i3investor.com/web/staticfile/view/485420
Today KENANGA maintain giving target price 2.50 to HSPLANT.
2 months ago
Ignore Time wasters
Next month we will see another generous dividend payout by Hs plant
2 months ago
FCPO Now Over Rm3900 {Hs Plant is Rspo therefore sell higher)
https://www.tradingview.com/symbols/MYX-FCPO1!/
Cost of Cpo production Rm1800 - Rm2,000
Good profit margin of Rm1900 to Rm2000
Very good dividends can be expected
1 month ago
hs plant
highest safety plant
Zero debt
Cash Rm490 million
Earns best by spot sale
premium price by Rspo
Good dividend plan
Rock solid stock
can sleep well every night holding this
highest safety plant
1 month ago
https://www.tradingview.com/symbols/MYX-FCPO1%21/
Excellent rebound up
Now FCPO Rm4190
Cost as low as Rm1800 per ton due to Fertilizer price crashed by almost 80% & return of fruit hartesters
Gross profit over 100%
Palm oil is the most profitable industries now
1 month ago
Beautifully up
Rotationally up all palm oil shares in their turns one by one
1 month ago
@joerakmo,
The market price for Sabah oil palm estate is around 80K / ha.
Can refer to a few transactions announced in bursamalaysia.com,
For example KIMLOONG bought at 80K.
1 month ago
Loneranger
Dividend is out
7 sen
Could be more
Hs plant net cash now Rm505 million or more than 63 sen a share..since debt free it could certainly give a higher dividend
Unless it is looking to buy more palm oil estates by conserving cash
1 month ago
EPS=26.3sen ,dividend policy 60% should be 26.3 x 60%=15.78sen(AUG declared 5sen) ,should be another 10.78sen .....why only 7sen???....am i right??
1 month ago
@healthy
You are absolutely right especially when they have stated dividend policy of 60%.
Shareholders should write in to the company.
1 month ago
Correct loh!
Ask for more dividends due to shareholders
Next dividend will be August 2023 and better give as promised
1 month ago
FCPO REBOUNDING ABOVE RM4000 BY STRONG FUNDAMENTAL WILL SEE PALM OIL BULL RUN RESUMPTION, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-02-23-story-h-297401319-FCPO_REBOUNDING_ABOVE_RM4000_BY_STRONG_FUNDAMENTAL_WILL_SEE_PALM_OIL_BU
7 sen dividend for now
Still got more coming in Aug 2023
1 month ago
Take profit when you think necessary. Don't be cheated by so called sifu or analyst. Share price is irrational. Haha.
1 month ago
FORMATION OF PALM OIL PACK: INDONESIA, MALAYSIA & THAILAND FOLLOWS FORMATION OF OPEC NATIONS TO PROSPERITY, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-03-04-story-h-296477637-FORMATION_OF_PALM_OIL_PACK_INDONESIA_MALAYSIA_THAILAND_FOLLOWS_FORMATIO
3 weeks ago
HL Bank Research highlights "Management indicated that dividend payout ratio will revert back to its normalised payout ratio of ~60% from FY23." I really wonder the management credibility, why the dividend policy can be manipulated so easily.
2 weeks ago
The management is not gentlemen and trustworthy indeed, simply adjust the payout ratio when knowing that they are going to pay more dividend due to good earning.
2 weeks ago
Yes I think Hs Plant been giving good dividend
Now Cash is Rm505 Millions or Cash is 63 sen per share
Can give a Better Dividend by Aug 2023 qtr
Go call up Hs Plant Office and request a better dividend
Please do ask them politely & remember to complement them for such good level of Cash position now
22-Feb-2023 08-Mar-2023 DIVIDEND Second Interim Dividend RM 0.0700
24-Aug-2022 08-Sep-2022 DIVIDEND First Interim Dividend RM 0.0500
23-Feb-2022 09-Mar-2022 DIVIDEND Second Interim Dividend RM 0.1550
24-Aug-2021 08-Sep-2021 DIVIDEND First Interim Dividend RM 0.0150
24-Feb-2021 10-Mar-2021 DIVIDEND Second Interim Dividend RM 0.0550
26-Aug-2020 10-Sep-2020 DIVIDEND First Interim Dividend RM 0.0150
24-Feb-2020 09-Mar-2020 DIVIDEND Second Interim Dividend RM 0.0200
28-Aug-2019 12-Sep-2019 DIVIDEND First Interim Dividend RM 0.005
26-Feb-2019 11-Mar-2019 DIVIDEND Second interim dividend RM 0.01
28-Aug-2018 12-Sep-2018 DIVIDEND First Interim Dividend RM 0.015
27-Feb-2018 12-Mar-2018 DIVIDEND Second interim dividend RM 0.06
23-Aug-2017 07-Sep-2017 DIVIDEND First Interim Dividend RM 0.05
22-Feb-2017 07-Mar-2017 DIVIDEND Second interim dividend RM 0.08
24-Aug-2016 07-Sep-2016 DIVIDEND First Interim Dividend RM 0.03
2 weeks ago
With 63 sen cash in hand now Hs plant at Rm1.82 after less 63 sen cash is now selling at below Rm1.20
this debt free cash rich co is a tsunami shelter from crisis
1 week ago
News on biofuels and potential of Palm Oil
https://www.theedgemarkets.com/node/660201
Buy low Sell High anyone?
1 week ago
UNDERSTANDING FED QE (Quantitative Easing) & QT (Quantitative Tightening), Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-03-25-story-h-275177047-UNDERSTANDING_FED_QE_Quantitative_Easing_QT_Quantitative_Tightening_Cal
HS PLANT VERY HIGH NET CASH OF 63 SEN
4 days ago
Calvin, please lah....please don't promote anymore. You keep promoting, the price keeps dropping.
2 days ago
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Production for October and November have improved.
2022-12-24 21:16