Highlights
KLSE: THPLANT (5112)       TH PLANTATIONS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.565   +0.01 (1.80%)  0.545 - 0.565  1,243,700
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Overview

Market Cap: 499 Million
NOSH: 884 Million
Avg Volume (4 weeks):1,607,810
4 Weeks Range:0.41 - 0.565
4 Weeks Price Volatility (%):
100.00%
52 Weeks Range:0.185 - 0.685
52 Weeks Price Volatility (%):
76.00%
Average Price Target: 0.37
Price Target Upside/Downside: -0.195
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  26-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  26-Feb-2021
T4Q P/E | EY: -3.22  |  -31.09%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.66  |  0.86
T4Q NP Margin | ROE: -32.41%  |  -26.61%

Headlines

Date Subject
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
20-Jul-2020 Plantation - News flow for week 13 – 17 July
16-Jul-2020 Technical Buy- THPLANT (5112)
06-Jul-2020 Plantation - News flow for week 29 June – 3 July
29-Jun-2020 Plantation - News flow for week 22 – 26 June
26-Jun-2020 TH Plantations - Another tough year
26-Jun-2020 TH Plantations - Net gearing inches up to 215.6%
23-Jun-2020 Plantation - A sigh of relief as CPO prices have stabilised
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 - Palm inventory up by 18.3% MoM in April
13-May-2020 Plantation - Key takeaways from Bumitama’s conference call

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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  5 people like this.
 
DreamCruiser Up 1.94%
15/11/2020 2:12 PM
DreamCruiser Okay also la
15/11/2020 2:12 PM
DreamCruiser Boleh juga la
15/11/2020 2:13 PM
DreamCruiser Very good
15/11/2020 2:13 PM
DreamCruiser Excellent
15/11/2020 2:13 PM
DreamCruiser Well done
15/11/2020 2:13 PM
DreamCruiser Congratulations
15/11/2020 2:13 PM
DreamCruiser Keep rising
15/11/2020 2:13 PM
DreamCruiser Good luck
15/11/2020 2:14 PM
hng33 Th will release Q result next week, expect Q result EPS 2.5sen
19/11/2020 12:11 PM
calvintaneng 2.5 sen?

Then annualised 10 sen

P/E only 5.5?

Go hantam kuat kuat now!!!

Hng33 so clever!!
19/11/2020 12:34 PM
TheSecret Go go go thplant
I just come in, luck luck here
19/11/2020 3:39 PM
Mikecyc Haha con artist callvin n aka theSecret is here ke ..
19/11/2020 5:09 PM
Mikecyc Oh the 8 id Dream_xxxx in Sumatec sweet talks until Bankruptcy are here also .. same kon mabell gang of 14 id aka in tdm ..
19/11/2020 5:10 PM
Mikecyc Haha Why Plantations selling Plantation is a new normal nowadays ? Due to Huge Debt ..Not easy to sell nowadays ...

1.) TDM intended to sell Indonesia Plantation for cash RM 200 million but failed.

2.) THplant is facing below issues on selling 2 subsidiaries owning 6,514 ha of land for RM170 million ...

--------

Sale of two TH Plantations unit to Tamaco for RM170m under review
Adam Aziz
/
theedgemarkets.com

July 22, 2020 13:46 pm

KUALA LUMPUR (July 21): The Prime Minister’s Department via the Economic Planning Unit (EPU) is reviewing the proposed sale of two TH Plantations Bhd subsidiaries owning 6,514ha of land for RM170 million.

TH Plantations announced on Dec 6, 2019 that it is planning to dispose of the two subsidiaries — Bumi Suria Ventures Sdn Bhd and Maju Warisanmas Sdn Bhd — to Tamaco Plantations Sdn Bhd

By landbank size only, the proposed transactions valued the combined 6,514ha at RM26,098/ha based on the proposed selling price of RM170 million, and RM30,396 based on JPPH valuation of RM198 million.

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
19/11/2020 5:19 PM
Mikecyc On a related matter, Ahmad Marzuk said TH Plantations' sale of 70% equity disposal in THP-YT Plantation Sdn Bhd to TDM Bhd is being finalised.

THP-YT owns three parcels of plantation land measuring 2,594.50 ha in Setiu, Terengganu. The transaction price is RM7 million.

As part of the acquisition, TDM and TH Plantations also agreed to the proposed settlement of part of the inter-company advances by THP-YT to THP Suria Mekar Sdn Bhd, a wholly-owned subsidiary of TH Plantations, amounting to RM78.68 million.
19/11/2020 5:20 PM
Mikecyc Referred to FY20 (Q2 ) ended June :

a) Financial assets

Trade and other receivables 38,857,000

Cash and bank balances 49,741,000


total = 88,598,000

b) Financial liabilities

Loans and borrowings 1,261,544,000

Trade and other payables 226,986,000

Lease liabilities 79,020,000

total = 1,567,550,00


a) - b ) = ( 1,478,952,000 )
19/11/2020 5:21 PM
Mikecyc Financial Year Revenue ('000) Net ('000) EPS Report
31 Dec, 2020 243,121 -3,374 -0.38
31 Dec, 2019 493,650 -226,498 -25.64 View
31 Dec, 2018 519,324 -594,608 -67.27 View
19/11/2020 5:23 PM
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 ..
19/11/2020 8:33 PM
Mikecyc Total Equity : 816,822,000

Loans n Borrowings : 1,261,544,000

Gearing Ratio : 1.54 .. high risk
19/11/2020 8:33 PM
Mikecyc Haha the Large plantations want to sell but is facing issues :



theedgemarkets.com

July 22, 2020 13:46 pm

KUALA LUMPUR (July 21): The Prime Minister’s Department via the Economic Planning Unit (EPU) is reviewing the proposed sale of two TH Plantations Bhd subsidiaries owning 6,514ha of land for RM170 million.

TH Plantations announced on Dec 6, 2019 that it is planning to dispose of the two subsidiaries — Bumi Suria Ventures Sdn Bhd and Maju Warisanmas Sdn Bhd — to Tamaco Plantations Sdn Bhd

By landbank size only, the proposed transactions valued the combined 6,514ha at RM26,098/ha based on the proposed selling price of RM170 million, and RM30,396 based on JPPH valuation of RM198 million.

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.
19/11/2020 8:36 PM
TakeProfits Genting plantations doing so well!
But TH...apa macam!?
SOMEONE TELL ME WHY ARH...??
Choivo tell me why? No need long essay ok!?? Hehe...kikiki
19/11/2020 9:03 PM
TakeProfits Genting Plantations make profits a lot profits and share price also high!
Why arh TH loyal looose money?' Share price also always low!??'
Some one please tell.me why??'
19/11/2020 11:31 PM
calvintaneng Excellent time to buy on weakness

Next week plantation stocks will report excellent Turnaround results one by one
20/11/2020 4:36 PM
Mikecyc Haha pandai nya EPF buang awal awal 2019 , bukan substantial shareholder lagi :


Notice of Person Ceasing (Section 139 of CA 2016)

TH PLANTATIONS BERHAD
Particulars of Substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19
Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Date of cessation 05 Nov 2019
Name & address of registered holder Employees Provident Fund Board
Level 42,
Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur
No of securities disposed 7,372,300
Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of Shares
Nature of interest Direct Interest

Date of notice 06 Nov 2019
Date notice received by Listed Issuer 11 Nov 2019
20/11/2020 7:28 PM
limkokthye Th running biz all bocor la,
22/11/2020 9:38 AM
limkokthye Th will be tabung habis
22/11/2020 9:38 AM
calvintaneng PALM OIL BULL RUN CAUSED BY SEVERE DROUGHT IN SOUTH AMERICA SOYBEAN REGION, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-11-25-story-h1536608056-PALM_OIL_BULL_RUN_CAUSED_BY_SEVERE_DROUGHT_IN_SOUTH_AMERICA_SOYBEAN_REG.jsp
25/11/2020 12:18 AM
Mikecyc Haha still La Nina effects .. as posted :



“Should the La Nina continue and should it be the more dominant force going through winter, in South America it would likely favor drier conditions in southern Brazil and parts of Argentina, which could knock back their yield potential,” he says.

But, Snodgrass says South America is planning on acreage expansions so even if yield is impacted by a La Nina weather pattern there could still be a huge crop.
25/11/2020 8:10 AM
Mikecyc Haha just like con artist callvin is use con tricks to lure people to buy promoting pick ..over the years people knew how to deal with it ... hahaha
25/11/2020 8:11 AM
calvintaneng Thplant if no further ppe mark down should report excellent Result this week
25/11/2020 11:51 AM
calvintaneng Thplant result should be out today
26/11/2020 10:10 AM
somchik two consecutive qters of excellent results, kikiki been in position to race kikiki
26/11/2020 7:35 PM
awesome20 60cent please
26/11/2020 7:36 PM
Lee Rubber https://www.theedgemarkets.com/article/th-plantations-returns-black-3q-net-profit-rm16m?type=malaysia
26/11/2020 9:47 PM
TheSecret Excellent result for Thplant

this qtr 1.78 sen

annualized 1.78 x 4 = 7.12 sen

if P/E is 20 then target price for Thplant should reach Rm1.42

Thplant already met the golden rule of 2 quarters profitable result

Feb 2021 result should be excellent as well since Cpo now ranges above Rm3000 to Rm3300 a tonne
26/11/2020 11:48 PM
calvintaneng TOP 10 INTERESTING STOCKS WITH COMMENTS BY CALVIN TAN RESEARCH

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-11-27-story-h1536642616-TOP_10_INTERESTING_STOCKS_WITH_COMMENTS_BY_CALVIN_TAN_RESEARCH.jsp
27/11/2020 2:08 AM
Mikecyc EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced Net% Report
1.78 0.000 0.6600 167,430k 15,772k 3 2020-09-30 31 Dec, 2020 2020-11-26 149.9% View
0.92 0.000 0.6300 127,570k 8,157k 2 2020-06-30 31 Dec, 2020 2020-08-26 142.6% View
-1.30 0.000 0.6300 115,551k -11,531k 1 2020-03-31 31 Dec, 2020 2020-06-25 42.5% View
-18.97 0.000 0.6400 136,247k -167,648k 4 2019-12-31 31 Dec, 2019 2020-02-26 71% View
-3.58 0.000 0.8300 136,007k -31,609k 3 2019-09-30 31 Dec, 2019 2019-11-26 59.6% View
-2.17 0.000 0.8700 106,113k -19,150k 2 2019-06-30 31 Dec, 2019
30/11/2020 6:00 AM
Mikecyc Haha Q3 with better Profit ke .. by sell asset loh ..
30/11/2020 6:04 AM
Mikecyc On a related matter, Ahmad Marzuk said TH Plantations' sale of 70% equity disposal in THP-YT Plantation Sdn Bhd to TDM Bhd is being finalised.

THP-YT owns three parcels of plantation land measuring 2,594.50 ha in Setiu, Terengganu. The transaction price is RM7 million.

As part of the acquisition, TDM and TH Plantations also agreed to the proposed settlement of part of the inter-company advances by THP-YT to THP Suria Mekar Sdn Bhd, a wholly-owned subsidiary of TH Plantations, amounting to RM78.68 million.
30/11/2020 6:04 AM
Mikecyc Haha TDM CEO is resigned on 26/11/2020 ...why leh ... 2019 a CEO is resigned ... 2020 another one ...
30/11/2020 6:06 AM
Mikecyc KUALA LUMPUR (Nov 27): TDM Bhd group chief executive officer (CEO) Zainal Abidin Shariff (pictured) has resigned from the company, effective yesterday.

In a filing with Bursa Malaysia today, the plantation group said Zainal Abidin, 53, submitted his letter of resignation dated Nov 26, 2020.

TDM said the former CEO cited his reasons being "due to disagreement with the chairman of the company over trade contract issues, practices and queries involving its subsidiary's palm oil trading activities".
30/11/2020 6:08 AM
Mikecyc Haha want to sell more assets to TDM ke ? TDM is going insolvency leh ...
30/11/2020 6:10 AM
Mikecyc Risk to Indonesian Biodiesel & Global Palm Oil
Sun 08 Nov, 2020 - 7:10 PM ET

The Indonesian government may rein in its push to increase the use of biodiesel, as it now comes at a higher cost following a fall in crude oil prices and sustained strength in crude palm oil prices.

> Biodiesel is now much more expensive than regular diesel, and subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.

Rising biodiesel use in Indonesia was a key driver of global palm oil demand growth in the last three years and biodiesel sales form a significant share of revenue for many local producers.

Fitch estimates that Indonesian biodiesel consumption in 2019 accounted for around 40% of the country’s total palm oil demand and 8% of global consumption. Indonesia’s biodiesel use target for 2020 implies a 50% jump and has been a key factor driving CPO prices since late-2019.

Biodiesel Fund Depleting Fast: We estimate that the industry fund will be able to subsidise only around 8 million k) of biodiesel, compared with the government’s target of use of 9.6 million kl in 2020, in the absence of other measures.

This suggests that Indonesia may miss its target for 2020. In addition, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.

Potential Steps and Risks: We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
30/11/2020 6:11 AM
Mikecyc > Malaysia has exempted the palm products from export taxes from July to December.

This Notification has effect for the period from 01 December 2020 to 31 December 2020 :

CPO MARKET PRICE : EXPORT DUTY %

RM2,250 – RM2,400 : 3.0
RM2,401 – RM2,550 : 4.5
RM2,551 – RM2,700 : 5.0
RM2,701 – RM2,850 : 5.5
RM2,851 – RM3,000 : 6.0
RM3,001 – RM3,150 : 6.5
RM3,151 – RM3,300 : 7.0
RM3,301 – RM3,450 : 7.5
> RM3,450.00 : 8.0

# 2019 all price range is higher , eg : > RM 3,450 : 8.5
30/11/2020 6:11 AM
Mikecyc CPO windfall tax :

East Malaysia -- 1.5 %

West Malaysia -- 3.0 %
30/11/2020 6:12 AM
Mikecyc Haha notice Oct output is decreased 20 to 30 % on CPO n FFB compared to Q3 : July , August , Sept ...
30/11/2020 6:13 AM
Mikecyc Oh Last FY Q4 is with Huge Loss ...
30/11/2020 6:14 AM
calvintaneng Th plant met the golden rule of 2 qtrs increasing profits.

Can only get better and better as fcpo now at Rm3,505

Prices cannot remain depressed if business is surging
30/11/2020 8:05 AM
calvintaneng Nice 5.71% rise for Thplant

steady now and solidly up
30/11/2020 9:45 PM


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