Post Reply
241-260 of 385
Last:0.58 
+0.01
slow and steady wins the race
ride the commodity rally
gd luck dyodd
+0.01slow and steady wins the race
ride the commodity rally
gd luck dyodd
ozone2002 ( Date: 05-Oct-2021 16:57) Posted:
|
is the TP of $0.7 (DBS) too low?
https://research.sginvestors.io/2021/08/bumitama-agri-maybank-kim-eng-research-2021-08-15.html
Maybank Kim Eng had a TP of $0.93...
Which is more accurate?
https://research.sginvestors.io/2021/08/bumitama-agri-maybank-kim-eng-research-2021-08-15.html
Maybank Kim Eng had a TP of $0.93...
Which is more accurate?
ozone2002 ( Date: 29-Oct-2021 10:48) Posted:
|
Last:0.555 +0.005
made 10%
better than fixed D
gd luck dyodd
+0.005made 10%
better than fixed D
gd luck dyodd
ozone2002 ( Date: 05-Oct-2021 16:57) Posted:
|
DBS Research
Stocks to Watch
Bumitama Agri Ltd - Solid earnings outlook ahead
- We believe BAL will deliver strong earnings in 2H21 on firm domestic CPO price in Indonesia from Sept 21 onwards
- We raise our FY21F earnings by 37% on higher CPO selling price assumption, 35% in FY22F on stronger nucleus estates output
- Unhedged 2H21 sales volume means BAL will enjoy better selling prices vs. 1H21
- Maintain BUY with higher TP of S$0.70
with CPO at fresh record all time historcial high ($5000RM), additional revenue may just all flow into net profit level (as margin cost of production should be very low or close to zero...)
Last:0.525 +0.035
👍 👍 onward charge
gd luck dyodd
+0.035👍 👍 onward charge
gd luck dyodd
ozone2002 ( Date: 06-Oct-2021 10:36) Posted:
|
Last:0.515 +0.025
the palm oil company that has the best business returns in the whole sector
gd luck dyodd
+0.025the palm oil company that has the best business returns in the whole sector
gd luck dyodd
ozone2002 ( Date: 05-Oct-2021 16:57) Posted:
|
0.515 now.
Up 5%.
Up 5%.
Last:0.49 +0.005
load up Bumitama to ride on the commodity rally
palm oil prices to the roof!
gd luck dyodd
+0.005load up Bumitama to ride on the commodity rally
palm oil prices to the roof!
gd luck dyodd
sorry this is for malaysia CPO export? as indonesia govt impose higher export tax so this impact positive on malaysia cpo price. correct me if my understanding is right
tangsookiam1947 ( Date: 30-Sep-2021 19:56) Posted:
|
CPO closed above all time high...........4597RM
Sime Darby expects CPO pricesto remain elevated in next 6 months (themalaysianreserve.com)
https://themalaysianreserve.com/2021/08/19/sime-darby-expects-cpo-prices-to-remain-elevated-in-next-6-months/
---
Company views the prolonged increase in CPO prices as not sustainable in the long run, as it would lead to a sales decline
SIME Darby Plantation Bhd (SDP) projects crude palm oil (CPO) prices to hover between RM4,000 and RM4,700 per tonne in the next six months, as demand exceeds supply.
Sime Darby Oils Sdn Bhd MD Mohd Haris Mohd Arshad said interests in CPO as investable assets would also keep CPO prices elevated, besides the supply and demand factor.
However, the company views the prolonged increase in CPO prices as not sustainable in the long run, as it would lead to a sales decline.
&ldquo Customers are holding back and, in some instances, they are not able to buy as much as they used to in the past,&rdquo Mohd Haris said during the group&rsquo s virtual press briefing on its latest financial results yesterday.
In the longer term, he said the price is expected to range between RM3,000 and RM3,500 per tonne due to better crop output from the northern and southern hemispheres next year.
SDP&rsquo s net profit jumped 63.2% year-onyear (YoY) to RM617 million for its second quarter ended June 30, 2021 (2Q21), compared to RM378 last year, attributable to higher realised CPO and palm kernel prices, and an increase in fresh fruit bunch production.
Its 2Q21 revenue rose 37.2% YoY to RM4.41 billion from RM3.22 billion a year ago.
For its first half of the year (1H21), SDP recorded a net profit of RM1.18 billion, up 39.4% YoY from RM846 million, while revenue rose 29.1% YoY to RM8.08 billion from RM6.26 billion previously.
Its pretax profit for the upstream segment more than doubled to RM1.33 billion in 1H21, compared to RM604 million last year, due to high realised CPO and palm kernel oil prices, which averaged at RM3,422 and RM2,312 per metric tonne respectively.
SDP declared an interim dividend of 7.9 sen per share for the financial year ending Dec 31, 2021, payable on Nov 12.
Group MD Mohamad Helmy Othman Basha said the labour shortage caused by the pandemic would have a major impact on its production in Malaysia this year.
&ldquo For Malaysia, we are going to register a deficit compared to what we had registered for 2020.
&ldquo But Malaysia only accounts for 50% of our total production. Another 50% comes from Indonesia and Papua New Guinea,&rdquo he said.
On the labour practice assessment by Impactt Ltd, he said movement restrictions had halted the progress as evaluations could not be done in East Malaysia.
The plantation company had previously received a Withhold Release Order by the US Customs and Border Protection in December over allegations of forced labour.
Mohamad Helmy said the group is also ramping up automation efforts to reduce its reliance on foreign workers.
https://themalaysianreserve.com/2021/08/19/sime-darby-expects-cpo-prices-to-remain-elevated-in-next-6-months/
---
Company views the prolonged increase in CPO prices as not sustainable in the long run, as it would lead to a sales decline
SIME Darby Plantation Bhd (SDP) projects crude palm oil (CPO) prices to hover between RM4,000 and RM4,700 per tonne in the next six months, as demand exceeds supply.
Sime Darby Oils Sdn Bhd MD Mohd Haris Mohd Arshad said interests in CPO as investable assets would also keep CPO prices elevated, besides the supply and demand factor.
However, the company views the prolonged increase in CPO prices as not sustainable in the long run, as it would lead to a sales decline.
&ldquo Customers are holding back and, in some instances, they are not able to buy as much as they used to in the past,&rdquo Mohd Haris said during the group&rsquo s virtual press briefing on its latest financial results yesterday.
In the longer term, he said the price is expected to range between RM3,000 and RM3,500 per tonne due to better crop output from the northern and southern hemispheres next year.
SDP&rsquo s net profit jumped 63.2% year-onyear (YoY) to RM617 million for its second quarter ended June 30, 2021 (2Q21), compared to RM378 last year, attributable to higher realised CPO and palm kernel prices, and an increase in fresh fruit bunch production.
Its 2Q21 revenue rose 37.2% YoY to RM4.41 billion from RM3.22 billion a year ago.
For its first half of the year (1H21), SDP recorded a net profit of RM1.18 billion, up 39.4% YoY from RM846 million, while revenue rose 29.1% YoY to RM8.08 billion from RM6.26 billion previously.
Its pretax profit for the upstream segment more than doubled to RM1.33 billion in 1H21, compared to RM604 million last year, due to high realised CPO and palm kernel oil prices, which averaged at RM3,422 and RM2,312 per metric tonne respectively.
SDP declared an interim dividend of 7.9 sen per share for the financial year ending Dec 31, 2021, payable on Nov 12.
Group MD Mohamad Helmy Othman Basha said the labour shortage caused by the pandemic would have a major impact on its production in Malaysia this year.
&ldquo For Malaysia, we are going to register a deficit compared to what we had registered for 2020.
&ldquo But Malaysia only accounts for 50% of our total production. Another 50% comes from Indonesia and Papua New Guinea,&rdquo he said.
On the labour practice assessment by Impactt Ltd, he said movement restrictions had halted the progress as evaluations could not be done in East Malaysia.
The plantation company had previously received a Withhold Release Order by the US Customs and Border Protection in December over allegations of forced labour.
Mohamad Helmy said the group is also ramping up automation efforts to reduce its reliance on foreign workers.
Analysts increase TPs for Bumitama following positive 1H21 results
Analysts at Maybank Kim Eng and RHB have increased their target prices for Bumitama Agri on the back of the plantation player' s strong 1H21 results.Maybank Kim Eng maintains its " buy" call with a higher target price of 93 cents, from its previous 65 cents. Its analyst Ong Chee Ting highlighted in an August 15 report that Bumitama is trading at a single digit price-to-earnings ratio, with attractive dividend yields of above 6%.
Meanwhile, RHB analysts maintain " neutral" with a higher TP of 47 cents from the previous 45 cents. The analysts said it expects earnings to improve in the coming quarters, as Bumitama has completed its forward sale contracts.
Bumitama booked a 6% y-o-y rise in 1H21 earnings on higher sales volume for its crude palm oil (CPO) and palm kernel products, which increased at 31% and 20% y-o-y respectively. RHB said the higher-than-expected profits stemmed from higher fresh fruit bunches (FFB) production, which was sustained throughout 2Q21.
Despite the 27% y-o-y FFB output growth in 1H21, Ong noted that Bumitama has conservatively raised its FY21 growth guidance to about 10% to 15% y-o-y. It expects 2021' s 1H and 2H output ratio to be 50:50 versus the typical 55:45, as it experienced a mini-peak in 2Q21.
Ong said Bumitama also has immaterial forward sales in 2H21, which means that the PATMI in the second half of the year will capture the current higher CPO average selling price (ASP).
Following its 2021 industry-wide CPO ASP revision to RM3,500 per tonne from RM3,100 per tonne, as well as its 2022 to 2023 ASP to RM2,800 per tonne, Maybank Kim Eng has raised its FY21, FY22 and FY23E core PATMI by 35%, 3% and 4%, respectively.
After adjusting for higher FFB output and higher realised CPO prices in 1H21, RHB analysts have raised its FY21 to FY23F earnings by 4% to 14%.
As at 2.00pm, shares in Bumitama are down 1% to 46 cents or 0.9 times FY2021 book value.
https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/5bf0fbfe05deb2dea32e623fadfe4531aef5de51.pdf?1629073194
| tangsookiam1947 ( Date: 16-Aug-2021 14:14) Posted: |
isnt this good? can buy cheap cheap
alwayshopeful ( Date: 06-Aug-2021 09:39) Posted:
|
This one lagging.
First Resource is 139 now.
Price now only 0.45.
First Resource is 139 now.
Price now only 0.45.
RHB slashes target prices for plantation stocks amid ESG concerns
RHB has cut the agriculture plantation sector to " underweight" , from " neutral" previously, as environmental, social and governance (ESG) concerns continue to weigh on share prices." We believe this devaluation of plantation stocks' price-to-earnings (P/E) ratios will likely be permanent, as more issues may crop up over time, and as investors become more ESG-aware and start pricing it into their investment decisions," the research house said in a report on Friday.
RHB has lowered its valuation targets for all the plantation stocks under its coverage. " We believe the sector should no longer trade at a premium to the market," it added.
Worst-hit in the round of devaluations is palm oil plantation owner Golden Agri-Resources, which saw its target price slashed by 26.7 per cent to S$0.22, from S$0.30 previously. RHB has also downgraded its recommendation for Golden Agri to " neutral" from " trading buy" .
" While Golden Agri is also trading at single-digit P/Es, we believe its close correlation with and high sensitivity to crude palm oil (CPO) prices are likely to hamper its share price performance in the medium term," the research house said.
RHB added that it expects CPO prices to start declining in Q4 2021, and stay in a southward trend in H1 2022.
Meanwhile, RHB is maintaining its " buy" calls on Wilmar International and First Resources, but lowering their target prices by 10.9 per cent to S$5.75 and by 6.3 per cent to S$1.50, respectively.
It is also staying " neutral" on Bumitama Agri, and cutting its target price by 10 per cent to S$0.45.
" The negative news flow on the ESG front is likely to hamper any price recovery for the sector, and things may get worse before they get better," RHB said. " As more and more scrutiny is piled upon this sector, share prices and valuations will get dragged along with it."
Shares of Golden Agri, Wilmar, First Resources and Bumitama are all trading flat - at 23.5 Singapore cents, S$4.38, S$1.35 and S$0.46, respectively - as at 11.25am on Friday.
bear in mind all the big boss still stuck at Bumitama' s shares were priced at $0.745 for the IPO
Now still very cheappppppp
Now still very cheappppppp
Key resistance at 0.505c.