Highlights
KLSE: IJMPLNT (2216)       IJM PLANTATIONS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
1.68   -0.07 (4.00%)  1.65 - 1.78  335,700
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Overview

Market Cap: 1,479 Million
NOSH: 881 Million
Avg Volume (4 weeks):151,468
4 Weeks Range:1.31 - 1.84
4 Weeks Price Volatility (%):
69.81%
52 Weeks Range:1.01 - 2.48
52 Weeks Price Volatility (%):
45.58%
Average Price Target: 1.91
Price Target Upside/Downside: +0.23

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#3]  |  25-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  29-May-2020
T4Q P/E | EY: 55.87  |  1.79%
T4Q DY | Payout %: 1.19%  |  66.51%
T4Q NAPS | P/NAPS: 1.53  |  1.10
T4Q NP Margin | ROE: 3.87%  |  1.97%

Headlines

Date Subject
18-May-2020 Plantation - News flow for week 11 – 15 May
15-May-2020 Plantation - Key Takeaways from Golden Agri’s Conference Call
13-May-2020 Plantation - Inventory Breaches Above 2.0m MT Mark
13-May-2020 Plantation - Stockpile Surpasses 2m Tonnes
13-May-2020 Plantation - Palm inventory up by 18.3% MoM in April
13-May-2020 Plantation - Key takeaways from Bumitama’s conference call
04-May-2020 Plantation - News flow for week 27 Apr – 1 May
29-Apr-2020 IJM Plantations - Business as Usual
28-Apr-2020 【行家论股/视频】IJM种植 3年财测下调
27-Apr-2020 Plantation - News flow for week 20 – 24 Apr
24-Apr-2020 IJM Plantations - No material impact from MCO
20-Apr-2020 Plantation - Mar-20 Stockpile Rises on Higher Output
20-Apr-2020 Plantation - News flow for week 13 – 17 Apr
17-Apr-2020 Plantation - B20 is delayed
13-Apr-2020 怡保工程 怡保种植‧前景可好?
13-Apr-2020 Plantation - Inventory Up After Five Consecutive Monthly Declines
13-Apr-2020 Plantation - News flow for week 6 – 10 Apr
13-Apr-2020 Plantation - Palm inventory up by 1.7% MoM in March
13-Apr-2020 Plantation - Mar-20 Stockpile Rises on Higher Output
01-Apr-2020 M+ Online Technical Focus - 1 April 2020

Business Background

IJM Plantations Bhd cultivates oil palm plantations in Southeast Asia. It processes and sells crude palm oil, crude palm kernel oil, and palm kernel expeller. The company monitors each plantation to spot trends in yields and production. Plantations owned by IJM have different age profiles, which impacts the expected yields and profitability. Requirements differ between mature and young plantations, and the company implements strategies to identify the differences and reach long-term goals. Additionally, the company provides living quarters for employees and has instituted on-the-job training to enhance productivity and retain talent. In order to increase productivity, the company recruits guest workers and implements site-specific agro-management.
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  3 people like this.
 
Waterlee77 期待CPO回到之前的高峰
20/11/2019 11:54 AM
Waterlee77 种植股强势归来了
20/11/2019 4:02 PM
alantiang https://www.sinchew.com.my/pad/con/content_2149928.html
20/11/2019 7:34 PM
zakaria444 IJM Plantations aims to harvest record high one million tonnes of FFB
25/11/2019 3:52 PM
utusminum CPO price is targeted to hit 3k, now or never
27/11/2019 5:20 PM
Hafid IJM Plantations’ share price has been on a downward trend since early 2016, dropping from RM3.50 to below RM1.50, no thanks mainly to the soft crude palm oil (CPO) prices.

In August last year, there was news that IOI Corp Bhd and Hap Seng Plantation Bhd were eyeing IJM Plantation. Its market capitalisation was at RM2 billion then versus RM1.3 billion currently, which translates into a discount of over 35%.

Some quarters say the price is even more appealing now. That said, is IJM Plantations an attractive prospect that IJM Corp can marry off soon?

“It is rare to find a decent-sized estate that will be a meaningful addition to a larger plantation company’s portfolio. For IJM Plantations, aside from its size, it is also the locations [of its estates] and some parts of its estates are newly replanted,” says CGS-CIMB Research head of research Ivy Ng, who covers the plantation sector.

“It is unclear if a suitor will have the appetite to take over IJM Plantations’ entire portfolio as it has land in Malaysia and Indonesia and not everyone wants exposure to both markets. Plantation companies usually like to acquire assets that are close to their existing estates.

So, it will be interesting to see how a deal will be structured and how it will impact the price,” she adds.

Ng also points out that there is a moratorium on new planting. “If a plantation company wants to look at expansion, it might not be able to do so in Malaysia because of the lack of available land. Our minister [Minister of Primary Industries Teresa Kok] has indicated the plan to essentially restrict new planting.

From this perspective, if a plantation company wants to expand, believes in the growth of this industry and wants to acquire a decent-sized estate portfolio, IJM Plantations’ portfolio could represent an opportunity.”

Another analyst points out that, as with most M&A exercises, it all boils down to price and valuation.

“Everything has a price. If it’s a deal that makes sense for the buyer and seller, why not? More often than not, it is down to the price and what future value-add the acquisition can bring.”
02/12/2019 4:16 PM
perangbrown IJM Corp posted a 220% year-on-year (YoY) jump in net profit to RM70.1 million for its second quarter ended Sept 30, 2019, on improved earnings from its property development, manufacturing and quarrying, plantation and infrastructure divisions.

Revenue for the period rose 20.2% YoY to RM1.57 billion. On a year-to-date basis, net profit increased 52.96% YoY to RM129.53 million as revenue grew 13.45% YoY to RM3.12 billion.

The company declared a single-tier first interim dividend of two sen per share which will be paid on Dec 27, 2019, to entitled stakeholders.
05/12/2019 2:17 PM
Hafid That one is ijm corp
05/12/2019 6:39 PM
Hafid Hopefully privatise the ijm plnt
05/12/2019 6:39 PM
smallfishyu IJM Plantations Bhd’s net loss narrowed substantially to RM2.32 million in its second quarter ended Sept 30, 2019 (2QFY20), from losses of RM28.30 million in the year-ago quarter, helped by higher sales volume and favourable foreign exchange positions.

Higher sales volume helped lift the group’s quarterly revenue by 23.4% to RM172.86 million, from RM140.09 million in 2QFY19, its exchange filing today showed.

During the quarter, IJM Plantations’ overall fresh fruit bunches (FFB) production improved as a result of the recovery of crop production in the home operations by 42.3%.
06/12/2019 2:24 PM
William Ng 22/10/19 is RM 1.49, today RM1.98
06/12/2019 11:31 PM
William Ng Walau, today why up so many...
09/12/2019 3:46 PM
Hafid 2.25NEXT LEVEL
09/12/2019 3:52 PM
William Ng 每天慢慢生一点。
10/12/2019 6:46 PM
William Ng 2.13
16/12/2019 11:57 PM
William Ng 2.18, this counter so less people...
26/12/2019 11:13 PM
William Ng 2.27
27/12/2019 10:55 PM
alantiang http://www.sinchew.com.my/pad/con/content_2182629.html
28/12/2019 10:46 AM
alantiang If CPO sustain in $3000+ till in end Feb, share price will come over $3.50
28/12/2019 10:51 AM
LouiseS IJM PLANTATIONS's main business segments include oil palm plantations and milling.

Its earning performance has been overall unstable in last five years, whereby its earning per share overall fluctuated from -4.13 sen to 13.07sen. IJM reported losses before tax (RM 43.31 million) in the current financial year was mainly due to lower crude palm oil (CPO) prices, a signifcant net unrealised foreign exchange loss of RM25.79 million resulting from the translation of the US Dollar denominated borrowings and increasing production cost.

https://louisesinvesting.blogspot.com/2019/12/comments-on-ijm-plantations-berhad-2216.html
30/12/2019 9:37 AM
William Ng 2.48...
30/12/2019 12:21 PM
Hafid 2.80
30/12/2019 1:29 PM
ramada IJMPLNT also very bullish.
30/12/2019 1:33 PM
Hafid already up 75% from 1.35 price
31/12/2019 8:26 AM
dalpinia RM3128 yesterday:

http://mpoc.org.my/daily-palm-oil-price/
31/12/2019 9:21 AM
William Ng Paper gain 20%...
31/12/2019 11:05 PM
alantiang https://m.malaysiastock.biz/Company-Announcement.aspx?id=1189565
06/01/2020 4:33 PM
alantiang Coming QR should be increase at least 30%
06/01/2020 4:35 PM
Waterlee77 Agreed, productivity n CPO keep on increasing / sustain, profit will reflects in the coming QR.
06/01/2020 4:49 PM
alantiang Keep it now, and will increase at least 10-20% in February
06/01/2020 4:56 PM
Hafid Production will not increase. Only the CPO price is high.
07/01/2020 6:24 AM
alantiang https://m.malaysiastock.biz/Company-Announcement.aspx?id=1189565
07/01/2020 9:29 AM
alantiang Refer monthly production figure, FFB output October and November increase about 27%
Compare to Jul and August
07/01/2020 9:30 AM
alantiang Waiting December monthly production figure to compare with September,
Then we will get QoQ revenue result
07/01/2020 9:32 AM
alantiang FFB internal output
Dec ?
Nov 104,024
Oct 109,650
Sep 98,292
Aug 83,458
July 83,676
07/01/2020 9:36 AM
alantiang https://www.enanyang.my/news/20200107/12%e6%9c%88%e6%a3%95%e6%b2%b9%e5%ba%93%e5%ad%98%e6%96%99%e8%b7%8c9-br%e6%a3%95%e6%b2%b9%e4%bb%b7%e6%84%88%e5%8a%a0%e9%ab%98%e6%ad%8c%e7%8c%9b%e8%bf%9b/
07/01/2020 10:59 AM
alantiang http://mpoc.org.my/monthly-palm-oil-trade-statistics-2019/
07/01/2020 11:24 AM
alantiang All signal to support ijmplnt > 2.50
07/01/2020 11:25 AM
dlau8899 Going up 2.40 as soon
07/01/2020 12:29 PM
dlau8899 Production increase.palm oil price increase .next quarter result will increase a lot.
07/01/2020 12:32 PM
alantiang to look forward to coming QR, QoQ increasing 30%, 40% or more
07/01/2020 12:57 PM
William Ng Today all my other stock drop except this up
08/01/2020 6:15 PM
alantiang https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://www.enanyang.my/news/20200109/mpoc%25E4%25B8%25AD%25E4%25B8%259C%25E7%25B4%25A7%25E5%25BC%25A0%25E5%25B1%2580%25E5%258A%25BF%25E6%258E%25A8%25E5%258D%2587-br%25E6%25A3%2595%25E6%25B2%25B9%25E4%25BB%25B7%25E5%258F%25AF%25E4%25BC%2581%25E7%25A8%25B3rm3100/&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265,15700271&usg=ALkJrhikV47eTauF6XpP5xcDNjNAC0Q8uw
09/01/2020 12:35 PM
alantiang https://www.enanyang.my/news/20200109/mpoc%e4%b8%ad%e4%b8%9c%e7%b4%a7%e5%bc%a0%e5%b1%80%e5%8a%bf%e6%8e%a8%e5%8d%87-br%e6%a3%95%e6%b2%b9%e4%bb%b7%e5%8f%af%e4%bc%81%e7%a8%b3rm3100/
09/01/2020 12:36 PM
alantiang https://www.sinchew.com.my/pad/con/content_2198951.html
10/01/2020 3:32 PM
William Ng So quiet
15/01/2020 6:44 PM
LouiseS Based on comparison of 44 plantation counters listed in Bursa Malaysia, it is found that currently IJM is not ranked as one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. However, IJM stands out in performance indicators such as having strong support from institutional investors.

https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html
27/01/2020 2:01 PM
dlau8899 Palm oil price up
06/02/2020 1:51 PM
dlau8899 Profit up a lot.Going up above 2.20 as soon
25/02/2020 8:44 PM
Plantermen Companies with big planted acreage in Indonesia will be hit. With covid 19 outbreak and lack of medical facilities in remote areas and the outflow of migrant workers coming Raya [a social potential time bomb] Indonesia has reported alarming high fatalies rate among the infected
09/04/2020 8:59 AM


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