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lonely as the only one making money in the kencana Agri forum 😸 ozone2002 ( Date: 30-Apr-2026 11:03) Posted:
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crude spikes again, palm oil related counters will follow suit
ozone2002 ( Date: 05-Apr-2026 17:30) Posted:
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crude spike has benefited the palm oil sector
kencana poised for further upside |
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Last:0.535 +0.015
crude spikes again, palm oil related counters will follow suitozone2002 ( Date: 05-Apr-2026 17:30) Posted:
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crude spike has benefited the palm oil sector
kencana poised for further upside |
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Last:0.49 -0.01
crude spike has benefited the palm oil sector
kencana poised for further upside
Now 34.5c
am I the only one making big bucks from this underrated gem?
gd luck dyodd
ozone2002 ( Date: 13-Oct-2021 09:52) Posted:
Last:0.225  +0.045
up 25% Huat ah!
great spot when market was concentrating on other palm oil counters and missed this laggard
gd luck dyodd
ozone2002 ( Date: 10-Oct-2021 14:44) Posted:
Last:0.175 +0.012
conviction buy on palm oil price surge
looking to go back to its glory days of above $1
gd luck dyodd |
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Now 30.5 gonna make double soon
jnow how to spot good stocks and profit will follow
gd luck dyodd
ozone2002 ( Date: 13-Oct-2021 09:52) Posted:
Last:0.225 +0.045
up 25% Huat ah!
great spot when market was concentrating on other palm oil counters and missed this laggard
gd luck dyodd
ozone2002 ( Date: 10-Oct-2021 14:44) Posted:
Last:0.175 +0.012
conviction buy on palm oil price surge
looking to go back to its glory days of above $1
gd luck dyodd |
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Now 28c
spot good profitability stocks from the start
and profit immensely from it
gd luck dyodd
ozone2002 ( Date: 13-Oct-2021 09:52) Posted:
Last:0.225 +0.045
up 25% Huat ah!
great spot when market was concentrating on other palm oil counters and missed this laggard
gd luck dyodd
ozone2002 ( Date: 10-Oct-2021 14:44) Posted:
Last:0.175 +0.012
conviction buy on palm oil price surge
looking to go back to its glory days of above $1
gd luck dyodd |
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Last:0.225 +0.045
up 25% Huat ah!
great spot when market was concentrating on other palm oil counters and missed this laggard
gd luck dyoddozone2002 ( Date: 10-Oct-2021 14:44) Posted:
Last:0.175 +0.012
conviction buy on palm oil price surge
looking to go back to its glory days of above $1
gd luck dyodd |
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Last:0.175 +0.012
conviction buy on palm oil price surge
looking to go back to its glory days of above $1
gd luck dyodd
Kencana Agri sees earnings surge to US$10 mil for 1H21 on higher CPO price
Kencana Agri has reported earnings of US$10 million ($13.6 million) for 1HFY2021 ended June, 24.5 times higher than the US$0.41 million recorded for the corresponding period the previous year.
The increase was mainly driven by a fair value gain recognised on biological assets and plasma receivables amounting to US$8.3 million.
Revenue increased marginally to US$63.8 million for the 1HFY2021, up 3.5% y-o-y on the back of higher crude palm oil (CPO) and palm kernel (PK) selling prices.
However, sales volume in 1HFY2021 was lower than 1HFY2020 mainly driven by lower CPO production in palm oil mills as a result of the Covid-19 pandemic which disrupted labour supply and lower trading activities.
The group' s gross profit for the 1HFY2021 came in at US$22.6 million, up 14.9% y-o-y, which it attributes to efficiency measures taken in the plantations and palm oil mills. Gross profit margins increased to 35.4% for the period, up 3.5 percentage points from the previous year.
The group recorded an operating profit of US$25 million and a net profit of US$10 million, driven by the higher gross profit, the increase in biological assets due to better commodity price and lower distribution cost.
Kencana Agri reported an increase in biological assets amounting to US$7.1 million due to higher estimated FFB production with better selling price and foreign exchange difference of US$0.7 million.
" CPO price was bullish in first half of 2021 in the light of the uncertainty in supply caused by the Covid-19 pandemic coupled with the unfavourable pattern of weather, stronger edible oil and crude oil prices. Covid-19 outbreak is expected to continue disrupting the operating activity, however, we believe that the strong demand of CPO may cushion the impact. We will focus on the safety of our employees and continue to focus our efforts on improving our productivity and costs efficiency in our core business," says Henry Maknawi, chairman of Kencana.
As at 10.06am, shares in Kencana Agri are up 2 cents or 13.33% higher at 17 cents.
http://mpoc.org.my/Daily_Palm_Oil_Prices.aspx
CPO price seemed to be on the decline?
tangsookiam1947 ( Date: 11-Oct-2016 19:28) Posted:
Kencana seemed to be still mired in heavy losses despite the recovery in CPO price.
Does anyone know why?
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Kencana seemed to be still mired in heavy losses despite the recovery in CPO price.
Does anyone know why?
Thx, brother. These are very useful information. I posted bcos, I thought abt the controversy surrounding bio asset values. In the past, I used to look at GA (NAV 96c) n IA' s (NAV 1.05) n thought shares shd be well supported by considerably high NAVs. But these days, I' m rather more circumspect. N with the implementation of the revised accounting standard, their NAVs are likely to be substantially reduced too. Anyway, Iike u said, supportive CPO px cld be the positive factor going forward. In fact, I' m more bullish than analysts on the positive impact of rising CPO px on profitability. From what I' ve read, most analysts' comments are that higher CPO px are probably offsetted by lower production. OK, to some extent true. But my take is increased CPO px positively more than offset reduced production. In a mkt faced by falling production, my recollection is that px generally rise at an incrementally faster pace. N in a rare (I' d say more realistic) assessment I read somewhere, it was noted that margins wld be fattened n that was the important factor. So, I' d think we' d be seeing better profits from the agri stocks n, hopefully, share px moving up considerably. Fingers crossed. Again, dyodd is best though.
waters ( Date: 24-Apr-2016 02:48) Posted:
From annual report page 108, it is stated the impact of the application of IAS 41 amended will be applied with effect from 1 Jan 2016 and it will decrease equity by US$99.426m. From page 88:
Net debt as at 31/12/15 at US$247.908m
Total equity as at 31/12/15 at US$145.505m
Debt-to-capital ratio as at 31/12/15 at 170%
As 31/12/15 and 1/1/16 is only a difference of a day, we adjust the equity by reducing it by US$99.426m, the adjusted total equity will be US$46.079m.
Therefore the adjusted debt-to-capital ratio as at 31/12/15 will be 538% (US$247.908m/US$46.079m)
Noted its current assets as at 31/12/15 at US$51.503m while current liabilities are US$104.993m therefore current ratio at 0.49
EBITDA is a negative US$2.4m
Cash and cash equivalents decreased US$4.2m with cash balances at US$8.2m
However, CPO prices are increasing which will be well to the company.
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From annual report page 108, it is stated the impact of the application of IAS 41 amended will be applied with effect from 1 Jan 2016 and it will decrease equity by US$99.426m. From page 88:
Net debt as at 31/12/15 at US$247.908m
Total equity as at 31/12/15 at US$145.505m
Debt-to-capital ratio as at 31/12/15 at 170%
As 31/12/15 and 1/1/16 is only a difference of a day, we adjust the equity by reducing it by US$99.426m, the adjusted total equity will be US$46.079m.
Therefore the adjusted debt-to-capital ratio as at 31/12/15 will be 538% (US$247.908m/US$46.079m)
Noted its current assets as at 31/12/15 at US$51.503m while current liabilities are US$104.993m therefore current ratio at 0.49
EBITDA is a negative US$2.4m
Cash and cash equivalents decreased US$4.2m with cash balances at US$8.2m
However, CPO prices are increasing which will be well to the company.
Hi Qanghoo,
I understand the fair valuation was subject to alot of accounting estimates which are subjective. After the saga involving Olam and Noble in our local context unsure if there were similar cases overseas, IASB have issued amended IAS 41 and IAS 16 where the changes will be made to accounting standards involving biological assets. Looking at Kencana case, noticed it is audited by RSM Chio Lim LLP which is the Big 5 audit firm and the partner is Mr Kaka Singh. I think the financial statements should be reliable. I give kudos to Kencana as its beat the odds and stands out among peers with consistent fair value gains in the biological assets. However, its gearing seems on the high side. No vested interests currently
I thought the subject of fair-value in biological assets has been a hot issue over the last few yrs, n the allegation that Olam' s biological assets were overvalued was how MW tried to torpedo Olam' s share px? Noble were also said to have overvalued agri assets? So, high valuation cld be controversial.
waters ( Date: 23-Apr-2016 12:03) Posted:
Hi guys,
Anyone looking at this palm oil company? Kencana Agri Limited.
Realised it should have high potential as it is the only palm oil company with fair value gain in biological assets which stands out in the industry as others reported fair value losses on biological assets for 2015 & 2014.
http://kencana.listedcompany.com/misc/ar2015.pdf
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Hi guys,
Anyone looking at this palm oil company? Kencana Agri Limited.
Realised it should have high potential as it is the only palm oil company with fair value gain in biological assets which stands out in the industry as others reported fair value losses on biological assets for 2015 & 2014.
http://kencana.listedcompany.com/misc/ar2015.pdf
