Highlights
KLSE: THPLANT (5112)       TH PLANTATIONS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.47   -0.015 (3.09%)  0.47 - 0.485  319,200
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Overview

Market Cap: 415 Million
NOSH: 884 Million
Avg Volume (4 weeks):302,395
4 Weeks Range:0.465 - 0.51
4 Weeks Price Volatility (%):
11.11%
52 Weeks Range:0.28 - 0.605
52 Weeks Price Volatility (%):
58.46%
Average Price Target: 0.45
Price Target Upside/Downside: -0.02
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  27-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  26-Aug-2021
T4Q P/E | EY: 10.26  |  9.75%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.67  |  0.70
T4Q NP Margin | ROE: 10.51%  |  6.84%

Headlines

Date Subject
10-Jun-2021 MPOB Monthly Statistics May 2021 - Inventory rose 1.5% mom to 1.57m tonnes
03-Jun-2021 Plantations - 1Q21 Earnings review: Impressive performance
28-May-2021 TH Plantations - Banking on higher ASP of palm products
04-May-2021 Technical Buy - THPLANT (5112)
04-May-2021 PublicInvest Research Headlines - 4 May 2021
31-Mar-2021 Mplus Market Pulse - 31 Mar 2021
24-Mar-2021 TH Plantations - Banking on higher ASP of palm products
24-Mar-2021 Mplus Market Pulse - 24 Mar 2021
10-Dec-2020 Mplus Market Pulse - 10 Dec 2020
09-Dec-2020 Putrajaya decides to withdraw approval of indirect property acquisition by Tamaco from TH Plantations
08-Dec-2020 No decision yet on sale of TH Plantations’ subsidiaries, says minister following accusations of asset devaluation
27-Nov-2020 TH Plantations - Net gearing declines
21-Sep-2020 Traders Brief - Potential 3Q Window Dressing Activities To Cushion Further Fall
14-Sep-2020 Plantation - What's Ahead as China, India Reduce Import Dependency
11-Sep-2020 MPOB Monthly Statistics August 2020 - August Production Increased 3.1% to 1.86m tonnes
03-Sep-2020 THPLANT LOOKING FOR BETTER FORTUNES IN 2020
27-Aug-2020 TH Plantations - Playing Catch-up
27-Aug-2020 Mplus Market Pulse - Signs of rebound
27-Aug-2020 TH Plantations - Net Gearing Is Still High
22-Jul-2020 Deputy minister: Government reviewing sale of loss-making TH Plantation subsidiaries

Business Background

TH Plantations Bhd is engaged in investment holding, cultivation of oil palm, processing of fresh fruit bunches, marketing of crude palm oil, palm kernel and fresh fruit bunches (FFB). It also provides management services. The Group has three reportable segments: Oil palm plantations; Management services and Forestry. Oil palm plantations segment includes cultivation of oil palm, processing of FFB, marketing of crude palm oil (CPO), palm kernel (PK) and fresh fruit bunches (FFB). The Management services segment includes the provision of management services. The Forestry segment is engaged in the harvesting of rubberwood. It derives most of its revenues from Oil palm plantations segment.
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  6 people like this.
 
Mikecyc Haha FY21 Q1 ... just the Finance Cost is 16.498 million ... expected 1 FY will be 65.99 million ..
04/06/2021 6:22 AM
Johnzhang @Mikecyc, monetising some valuable plantation land is nothing wrong by itself . Sime Darby, IOI, KLK, GENP and others did that too. It is a right decision to monetising valuable land with development value instead of maintaining it for CPO production.which give low return per hactare.
13/06/2021 10:03 AM
Johnzhang In today's StarBiz,. the headline article on plantations M&A is very interesting. In there , there is valuation of plantation brownfield estate by the industry expert Mr Chandran . Mr Chandran has the credentials to speak about this subject.
On the other hand,. those IB analysts who only work from computer desktop in a cosy office tell you half baked story.
14/06/2021 8:37 AM
param1 buy
14/06/2021 3:42 PM
Mikecyc Haha see post in bplant .. after sold plantation land in 2014 for RM 1.0 billion .. why still bearing Huge Debt .. n intend to sell again .. is it good ke ??
15/06/2021 10:38 AM
Mikecyc Haha another ex Thplant sold a piece plantation land to TDM .. just a bail out under LTH .. Thplant is intended to sell another 2 piece of land but being rejected by Regulatory as buyer is not bumi company ..
15/06/2021 10:43 AM
Mikecyc Date Settlement Price RM
14 Jun 21 3375
11 Jun 21 3663
10 Jun 21 3844
9 Jun 21 3871
8 Jun 21 4049
4 Jun 21 4129
3 Jun 21 4158
15/06/2021 4:30 PM
param1 going cheap buy sikit sikit
18/06/2021 11:03 AM
Mikecyc Date Settlement Price RM
17 Jun 21 3377
16 Jun 21 3404
15 Jun 21 3580
14 Jun 21 3375
11 Jun 21 3663
10 Jun 21 3844
9 Jun 21 3871
8 Jun 21 4049
4 Jun 21 4129
3 Jun 21 4158
18/06/2021 1:10 PM
Mikecyc Haha CPO theme is Over..
18/06/2021 1:10 PM
calvintaneng THPLANT (5112) Top Malaysia Small Cap Palm Oil Shares with Largest Acreage of Oil Palms, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-06-20-story-h1566940157-THPLANT_5112_Top_Malaysia_Small_Cap_Palm_Oil_Shares_with_Largest_Acreag.jsp
20/06/2021 7:43 PM
awxm2021 Calvin sifu, I support and tomorrow I will buy thplant!!!

THPLANT GOGOGO!!!
20/06/2021 7:51 PM
Armanhashim Oil price dropping again ..better not buy ..
20/06/2021 8:02 PM
calvintaneng Note:

Thplant cost of cpo production is Rm1, 465 metric ton

IF CPO OVER 2500
GROSS PROFIT IS 70% MORE THAN ENOUGH COVER SUKUK LOAN WITH PROFIT

IF CPO RM3000 WILL BE GOOD

IF CPO RM3500 EXCELLENT
AND CPO OVER RM4000 THEN FANTASTIC

HOW MANY COMPANIES NOW CAN GENERATE 100%,PROFIT LIKE PALM OIL???
20/06/2021 9:12 PM
Mikecyc 2021年06月21日
大马棕油期货合约本周预计将出现套利潮,而导致价格下跌。

Interband集团高级棕油交易员郑锦(译音)指出,由于其他国家的需求低,而大马和印尼的库存仍然很高。

“未来几个月没有什么重大节日,我们预计交易将出现下跌趋势以及需求放缓,这将导致棕油价格下跌。”

“因此,期货合约很可能交易在每吨3100到3200令吉之间。”

在上周,市场普遍收低,主要是跟随美国芝加哥期货交易所(CBOT)和大连商品交易所大豆油的疲软走势。

按周来看,7月棕油期货走跌165令吉,至每吨3549令吉,8月则报每吨3441令吉,按周少222令吉。

同时,9月和10月期货分别跌248令吉和246令吉,至每吨3377与3347令吉。

另外,上周成交量从前周的30万823宗,扩大至48万4666宗;未平仓合约则从25万420张增加至27万605张。

现货市场方面,7月南方期货价上涨80令吉,至每吨3700令吉。
21/06/2021 7:37 AM
Mikecyc Haha why ah Thplant oredi sold 1 piece of plantation land to TDM last year .. still want to sell another 2 piece of land but is being rejected by Gov Regulatory body ...
21/06/2021 7:40 AM
Mikecyc The sale of the two TH Plantations subsidiaries to Tamaco requires the approval of the EPU, as Tamaco is a non-Bumiputera company. The sale to Tamaco is pending approval on whether the transaction is at market price, and whether it will impact the long-term strategy of TH Plantations and its profitability, added the deputy minister.
21/06/2021 7:42 AM
Mikecyc From the above information, compute the cost of production CPO per MT and PK per tonne. By using the four methods of cost of production for PK, the result are as follow :

1. Net market value or net realizable value.

This method stipulated that the cost of production of PK is RM 1,794.75/MT, it’s mean that the cost of production equal to sales price or market value, then it can be used as the contra account or credit for CPO cost of production in the income statement. Actually, it can’t be accepted as cost of production of PK as well, because of there is gross profit or loss inside.

And the cost of CPO is RM 1,903.40/MT (RM 5,710,198.22 : 3.000 MT). Here, the cost of CPO and PK have not so significant diffference (RM 1,903.40/MT vs RM 1,794.75/MT), and of cource couldn’t be used as the reason to decide that PK as by-product.
21/06/2021 7:47 AM
calvintaneng Yes ah.
Last year mickey mouse talked bad about Supermax at Rm2. 50

Now you better not buy palm oil shares ok

Go elsewhere and find your crumbs ok
21/06/2021 8:21 AM
henry888 So much talks by some analyst on ijmplant is a debt ridden company when the price is around rm2.00 but ends up takeover by KLK at rm3.20. Believe yourself judgement lah, not the naysayers even i have yet hold of Th plantation shares. Most important is CPO price.
21/06/2021 8:26 AM
henry888 His crumbs is Innature.
21/06/2021 8:28 AM
Sales TOO MUCH DEBT
21/06/2021 8:30 AM
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WATCHLIST
+
RT Quote | Exchange | USD
Last | 06/18/21 EDT
33,290.08
quote price arrow down-533.37 (-1.58%)
21/06/2021 8:31 AM
calvintaneng Debt is backed by net assets of over Rm1. 5 billions

Also the scurrying mouse failed his SPM maths

HE DOES NOT KNOW THAT ALL THPLANT OIL PALM LANDS ARE DIRT CHEAP AT RM4, 000 TO RM9, 000 PER ACRE COST

EVEN CHEAPER THAN IJMPLANT OIL PALM ESTATES
21/06/2021 8:36 AM
lawpc128 Thplant wants to sell the land to pare off debts but ECUdo not approve especially if sell to non bumi.
21/06/2021 10:47 AM
calvintaneng Not sold its Bintulu lands actually blessing in disguise

1) It was just too dirt cheap to let go. Naim just sold its lands in Bintulu for 10X (1,000%) more

2) Mukah Airport upgrade will add extra value to Thplant lands as well

SO IT WAS A REALLY GOOD THING EPU BLOCKED THE SALE

NOW THPLANT SHALL GET A MUCH MUCH BETTER PRICE
21/06/2021 12:17 PM
Sales All the palm stock are cheap, non of the share prices are going up.
21/06/2021 4:27 PM
Michael Kwok Personally the pick up price will be 38-41.5 cents.Calvin just wrong in timing.Not all ASP price upward share up.Its depend whether the price can be substain few more quarter of high CPO price.
21/06/2021 9:19 PM
Mikecyc Thplant
CPO : FFB

FY20 Q4 :

Oct20 = 12,937 : 73,008
Nov20 = 12,558 : 64,388
Dec20 = 11,862 : 57,189


FY21 Q1:
Jan = 9,449 : 44,983
Feb = 6,628 : 41,167
March = 9,536 : 53,071

FY21 Q2:
April = 11,896 : 56,212
May = 14,332 : 59,643
June =
22/06/2021 6:36 AM
Mikecyc EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced Net% Report
1.69 0.000 0.6700 131.24m 14.97m 1 2021-03-31 31 Dec, 2021 2021-05-27 229.8% View

0.18 0.000 0.6600 144.55m 1.59m 4 2020-12-31 31 Dec, 2020 2021-03-23 101% View

1.78 0.000 0.6600 167.43m 15.77m 3 2020-09-30 31 Dec, 2020 2020-11-26 149.9% View

0.92 0.000 0.6300 127.57m 8.16m 2 2020-06-30 31 Dec, 2020 2020-08-26 142.6% View

-1.30 0.000 0.6300 115.55m -11.53m 1 2020-03-31 31 Dec, 2020 2020-06-25 42.5% View
-18.97 0.000 0.6400 136.25m -167.65m 4 2019-12-31 31 Dec, 2019 2020-02-26
22/06/2021 6:38 AM
Mikecyc FY20 Q2 ended June with Profit RM 8.157 million but NTA is reduced from 0.64 to 0.63 ... Why ? is sold subsidiary company plantation loh ..

is Q3 on the loan reduction as absorbed by TDM on plantation estate purchases .. recalled is ard 70 million ??
22/06/2021 6:40 AM
Mikecyc FY21 Q1 ended March 2021 :

Total Equity : 870,068,000

Loans n Borrowings : 1,153,850,000

Gearing Ratio : 1.326 .. high risk
22/06/2021 6:40 AM
Mikecyc Referred to FY21 (Q1) ended March2021 :

a) Financial assets

Trade and other receivables 25,631,000

Cash and bank balances 87,129,000


total = 112,760,000

b) Financial liabilities

Loans and borrowings 1,153,850,000

Trade and other payables 234,529,000

Lease liabilities 79,786,000

total = 1,468,165,000


a) - b ) = ( 1,355,405,000 )
22/06/2021 6:41 AM
Mikecyc Haha Payables is 9x more than Receivables : 234,529,000 vs 25,631,000...risky ke ???
22/06/2021 6:46 AM
Mikecyc CPO monthly price :

Oct 2020 3,402.78 2.96 %
Nov 2020 3,779.19 11.06 %
Dec 2020 4,129.47 9.27 %
Jan 2021 3,997.72 -3.19 %
Feb 2021 4,126.48 3.22 %
Mar 2021 4,236.23 2.66 %
Apr 2021 4,446.03 4.95 %
May 2021 4,795.31 7.86 %
22/06/2021 6:51 AM
Mikecyc Date Settlement Price RM
18 Jun 21 3424
17 Jun 21 3377
16 Jun 21 3404
15 Jun 21 3580
14 Jun 21 3375
11 Jun 21 3663
10 Jun 21 3844
9 Jun 21 3871
8 Jun 21 4049
4 Jun 21 4129
22/06/2021 6:52 AM
Mikecyc CPO price on June is plunged from 4795 ( May average ) to 3424 ( 18/6/2021 only ) ... lets see June average price and Output ...
22/06/2021 6:55 AM
Mikecyc See he missed the glove stocks become brain crashed as is Not NFCP stocks.

calvintaneng Spore leading Malaysia in glove

Malaysia = Malu-sia
01/06/2020 10:00 AM
22/06/2021 6:59 AM
Mikecyc Haha con artist callvin only one Profit ke .. each year at least promoted 50 stocks .. the highest is 15 stocks per month .. get yr 3rd ban in Jan 2021.. due to posted yr promoting stock in over 20 forums .. saw the flag post removed only ...
22/06/2021 7:09 AM
Mikecyc Haha how is yr Wzsatu .. blowing so high loh , insider royal info lah , royal previously privatised a listed company ( Wzsatu is blowing is potential ) , mining license privilege lah .. who royal info is right n data / other info is right...
22/06/2021 7:15 AM
Mikecyc Haha no need to worry lah since yr facts n data is blowing so good ..
22/06/2021 7:17 AM
Mikecyc Haha ppl said u cari makan in the small island after ban .. cannot cari makan ke come here to tippu tippu ke ...
22/06/2021 7:19 AM
calvintaneng Prestar at 43 sen was cheap and few wanted also mickey mouse spammed

Now Prestar over Rm1.00

Later Thplant will go over Rm1.00 as well
22/06/2021 2:50 PM
yenhan Bla bla bla, keep promoting palm oil but none of the stock breakthrough
22/06/2021 2:54 PM
calvintaneng yes ah

Ijmplant was Rm1.86

Now Rm3.09

Check it out
22/06/2021 3:03 PM
calvintaneng Another one

Mhc plant was 60 sen
It gave a 4 sen dividend which is 6.6% yieid
22/06/2021 3:05 PM
Mikecyc Haha con artist callvin why so slow leh.

Mhc bet with Tdm bulldog since 30sen loh n cut win otedi.

Haha why always promote at HIGH PRICE..
22/06/2021 5:03 PM
Mikecyc haha con artist callvin why shy away from Naim .. ppl there is looking for u ... blowing so high on the special dividend 10 sen after sold Land .. on the ex day Opening price is Minus 10 sen ... those being lure to buy between 85 to 90 sen intended for Short Term is Crab ...
23/06/2021 8:02 AM
Mikecyc (吉隆坡24日讯)惠誉评级机构(Fitch Rating)预测,原棕油价格在6月大幅回调后,将在下半年进一步下跌,这主要是有利天气条件导致产量增加。
惠誉评级在报告中指,也预见来自原棕油替代品,和印尼所提议的削减出口税的压力。

大马基准原棕油现货价格,自今年5月每吨约1150美元(约4792令吉),降至6月的每吨约850美元(约3542令吉)。

然而,我国的产量仍低于正常水平,主要是冠病疫情的管控令限制,导致外劳短缺。
惠誉评级预计,我国政府会采取措施,改善油棕园的人力供应,但进展缓慢可能会抑制原棕油产量,从而支撑原棕油价格。
24/06/2021 4:03 PM
Mikecyc haha con artist callvin still blowing CPO theme ke ...
24/06/2021 4:04 PM


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