KLSE: BKAWAN (1899)       BATU KAWAN BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
18.28   0.00 (0.00%)  0.00 - 0.00  0
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Market Cap: 8,110 Million
NOSH: 444 Million
Avg Volume (4 weeks):14,230
4 Weeks Range:17.50 - 18.28
4 Weeks Price Volatility (%):
52 Weeks Range:12.10 - 18.28
52 Weeks Price Volatility (%):
Average Price Target: 16.33
Price Target Upside/Downside: -1.95

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#1]  |  25-Feb-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  27-May-2021
T4Q P/E | EY: 16.05  |  6.23%
T4Q DY | Payout %: 0.73%  |  11.70%
T4Q NAPS | P/NAPS: 13.4485  |  1.36
T4Q NP Margin | ROE: 6.93%  |  8.47%


Date Subject
18-Jan-2021 PublicInvest Research Headlines - 18 Jan 2021
18-Jan-2021 Mplus Market Pulse - 18 Jan 2021
08-Dec-2020 PublicInvest Research Headlines - 8 Dec 2020
08-Dec-2020 Mplus Market Pulse - 8 Dec 2020
19-Nov-2020 Mplus Market Pulse - 19 Nov 2020
18-Nov-2020 PublicInvest Research Headlines - 18 Nov 2020
18-Nov-2020 Mplus Market Pulse - 18 Nov 2020
28-May-2020 Mplus Market Pulse - 28 May 2020

Business Background

Batu Kawan Bhd is a holding company, which through its subsidiaries, harvests palm trees and manufactures and sells rubber and chemical products. The firm organizes itself into three primary segments based on function. The plantations segment, which generates most of Batu Kawan’s revenue, cultivates and processes palm trees and processes the palm trees into both fresh fruit bunches and rubber products. The manufacturing segment sells a variety of chemical-based products including oleochemicals, industrial amides, rubber gloves, and esters. The property development segment engages in the development of commercial and residential property.
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  2 people like this.
DickyMe WSJ's website historical price begins from June 1994

Then it was around RM 2.xxx
12/12/2019 10:45 AM
DickyMe There are some protected research papers and books about Malaysian stocks from 1970s.

Perhaps this link may provide the information if you want to dig deeper
https://www.sciencedirect.com/science/article/pii/S2214845015300703#bib17. Wiley Online Library requires registration, I pass on it.
12/12/2019 11:11 AM
sheldon tq DickyMe
12/12/2019 4:08 PM
sheldon WSJ historical prices reveal some interesting stats.

Based on June 94 price of 2.40 vs Dec 2019 price of 16.60, compounded annual gain (excluding the handsome intermittent dividends) = 7.9%!

If we compare June 94 to Dec 2016, then the gain is 9.4%!!

I hope somebody invents a time tunnel.
12/12/2019 4:45 PM
Rwkl Fell from $100?ll
Wow....1lot,more than 100k? Not many could even dream buying.
I can’t ever recollect that price”
13/12/2019 5:38 PM
sheldon BK main man Tan Sri Dato Lee has been picking up a couple of lots but because of trading illiquidity, that was enough for the share to climb precipitously.

Just speculating - Maybe he wants shareholders to pay more for the DRP
13/12/2019 9:50 PM
LouiseS Batu Kawan derives most of its profits from KLK, which is its own subsidiary. It is also involved in chemicals manufacturing. Batu Kawan's earning performance has been overall decreasing in last five years, whereby its earning per share overall decreased from 126.9 sen to 116 sen. Return on equity is around 7%. Dividend paid to shareholders in 2018 is 55 sen per share. Dividend yield is around 3.3%.

15/12/2019 11:16 PM
sheldon The devil's in the details but in a nutshell ...

BK is primarily driven by CPO prices given the big chunk of dividends it receives from KLK.

However it is somewhat mitigated by the oppositely correlated impact on downstream oleo chemicals that enjoy improved margins at lower CPO.

Then there's the earnings from industrial chemicals and smaller stuff from property development.
16/12/2019 5:49 AM
Cipta It is logical to keep only one co listed which its business overlapping. A big saving to the holding co if taking either one private.
16/12/2019 10:10 PM
sheldon CPO rise is strangely meteoric but who's complaining!
27/12/2019 3:37 PM
sheldon Is the drop due to some nut making idiotic statements resulting in us losing the high-margin refined palm oil oleo-chemical business?
10/01/2020 5:44 PM
danielleesing ipoh-based Batu Kawan Bhd is widely known as the parent company of locally listed plantation giant Kuala Lumpur Kepong Bhd (KLK). However, many may not know that Batu Kawan is also Malaysia’s largest producer of chlor-alkali chemical products, which include chlorine, caustic soda and hydrochloric acid.

Its chemical plants in Perak and Terengganu have an annual production capacity of 116,000 tonnes of caustic soda. These factories run at an average utilisation rate of close to 90%. The group’s market share is estimated at 55% to 60%.

To be sure, the bulk of Batu Kawan’s profit comes from KLK. Even so, profit attributable to Batu Kawan’s shareholders grew to RM825.2 million in FY2016 from RM483.7 million in FY2013, translating into a three-year compound annual growth rate of nearly 20%. While KLK’s is slightly more impressive at 20.2%, we had imposed a penalty on KLK in The Edge Billion Ringgit Club calculations as its FY2015 net profit fell below the FY2013 base year, resulting in Batu Kawan coming just ahead of KLK for the 2017 BRC award for highest growth in profit after tax over three years.
15/01/2020 1:30 PM
LouiseS Based on comparison of 44 plantation counters listed in Bursa Malaysia, BATU KAWAN is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. BATU KAWAN stands out in performance indicators such as having consistently high earning per share (> 50 sen per share), high NTA per share (RM 14.4 per share) and relatively low P/E ratio of ~20.

20/01/2020 12:28 PM
Cipta Batu Kawan's bleaching earth is dominant in local Palm Oil refinery.
Her subsidiaries' Syntomer is dominant in synthetic Glove manufacturing.
22/01/2020 1:18 PM
sheldon I guess no DRIP take up this round in view of the steep decline in the share price.
31/01/2020 12:22 PM
mf European markets turn negative as coronavirus fears overpower stimulus momentum
19/03/2020 10:58 PM
sheldon The incentive to buy now is the probable 15 sen dividend to be announced in May - a yearly affair (unless management decides that the Co wants to hoard cash)
02/04/2020 3:42 PM
sheldon Come on brother!
Declare that 15 sen dividend.
Go on!
I haven't got all day.
18/05/2020 6:13 AM
sheldon A massive volume by B.Kawan standards with a more than 50k shares purchased at RM14!
27/05/2020 10:02 AM
ttluck It's time to rebound back.. MCO lifted.. Post economy stimulus plan.... India buying back...
04/06/2020 11:51 AM
mf AstraZeneca Reaches Vaccine Supply Deal With Four EU Nations
14/06/2020 7:09 PM
sheldon The good thing management did was to cancel all 10% treasury shares bought and now they're buying back some more heading foe another 10%.

Well done!!
16/06/2020 11:34 AM
pontianak The forest open burning & subsequently anti palm oil campaign by the west really didn’t do good to this industry. If this industry can rise again like the olden days, Malaysia economy be on stronger footing.
23/06/2020 10:44 PM
mf Chaos in Parliament as PM puts forward motion to remove speaker
13/07/2020 1:02 PM
pushparaj Another gem like, "UNITED PLANTATIONS"
19/08/2020 5:59 PM
icecool https://www.theedgemarkets.com/article/batu-kawan-3q-net-profit-spikes-318-largely-due-forex-gain
19/08/2020 7:47 PM
kasim Like never before, billboards have been erected at estates and mills, advertisements placed in the media, and intense engagement with the authorities to entice locals are done on a regular basis,
09/09/2020 10:04 AM
kasim Response thus far has been lukewarm but we have not given up hope. In absence of any success, we may have to plead to the government for help
09/09/2020 10:04 AM
Tashan Applause
21/09/2020 2:18 PM
Gtrade Harga CPO lambung lagi
Makan roti tak perlu lagi
Pekebun sawit senyum di hati
Buang kancil XT70 dah mari
22/09/2020 10:29 AM
sheldon Saya harap serentak dengan harga CPO, dividen pun akan melambung naik.
05/11/2020 9:30 PM
sheldon What a shitty acquisition of CCM!

No sane person would pay such a huge price for such a badly run co.
17/11/2020 10:35 PM
i3gambler I look at it this way.
If the deal is bad or just to help PNB,
Then why not KLK buy it?
18/11/2020 8:25 AM
Plantermen Totally unacceptable a well run company Batu Kawan { KLK } buying a shit and paying a Premium during this covid outbreak. EGM please voice out
18/11/2020 8:32 AM
i3gambler Aiyo, tell you another example.

TAANN bought 30.5% equity in SWKPLNT at RM2.00 at quite big premium to market price in early Year 2018.

The estate and mill were badly managed then that the average monthly FFB production was way below 20K mT.

After TAANN joined in the management since then, the average monthly FFB production increase consistently until it is now at 28.2K mT.
18/11/2020 9:34 AM
Chua Zhi En I guess because of Bkawan still have room to drag down their performance if u compare it with KLK. Bkawan is still cheap so affordable to take higher risks on investment but KLK is relatively expensive, another bad decision will cause KLK turn haywire and considering KLK is a KLCI components stock.
18/11/2020 12:46 PM
sheldon For the Tunku who sits on the board, it's a win-win deal. She only holds 1000 shares of BK but her father holds 337,500 KLK shares (per 2018 Annual Report).

To pay cash for CCM, KLK has to declare a massive dividend & her family will be laughing all the way to the bank.

So guys, due to this bailout, don't expect a generous dividend at BK level .

Downside risk we bear but any windfall, others get the benefit.
18/11/2020 1:54 PM
sheldon It's too late i guess.

I wonder how come the board is given such wide powers to make such a huge commitment without requiring EGM approval.

It's like Pearl Harbour sneak attack haha.
19/11/2020 4:36 PM
LongTermInvestor8 Price correction coming as shown in TA chart. RSI at 80% all time high. MACD all time high and about to cross like previous crossing. Volume down
22/11/2020 4:20 PM
dailyklse2010 Cash rich company, keep buying back. No signal for correction due company obviously support the price. Company have highlight the better profit in coming YR2021. YR2020 104 EPS, YR2020 120 or higher ?
26/11/2020 1:44 PM
sheldon A massive amount of BK shares bought at 17.60.

What's happening?
02/12/2020 3:37 PM
Chua Zhi En A to B pocket I guess? lol
02/12/2020 5:43 PM
sheldon Ah yes - the share goreng which we're world famous for.
03/12/2020 3:08 PM
sheldon Shitty dividends given the sterling CPO performance
09/12/2020 10:33 PM
Chua Zhi En because they need to use excess fund to takeover CCM?
09/12/2020 11:29 PM
sheldon I think so - smells a rat
24/12/2020 9:36 AM
lionel messi Do sifus think they are going to call for a rights issue to be sweetened by a bonus issue to pay for the CCM acquisition?
25/02/2021 11:28 AM
sheldon I don't understand this counter.

Despite the current aggressive share buybacks plus earlier cancellation of 10% treasury shares and a pretty good performance including CPO prices going through the roof, the share price still stuck at pathetically low levels.

09/03/2021 2:54 AM
srigala Relax. Technical indicators have started to show buy signal. Now price at RM17.980
09/03/2021 10:34 AM
RISK8888 palm oil price bull run this year. stick to this counter for 100% blue chip gain. sit down relax waiting for the capital appreciation while happily collect dividend every 6 months. where to get?
02/04/2021 7:51 AM

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