Highlights
KLSE: HARNLEN (7501)       HARN LEN CORP BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.435   -0.025 (5.43%)  0.435 - 0.46  125,500
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
22-Sep-2020 23-Sep-2020 ESOS 200,000 0.600 193,677,159 Additional Listing Detail
14-Sep-2020 15-Sep-2020 ESOS 1,000,000 0.600 193,477,159 Additional Listing Detail
13-Jul-2020 14-Jul-2020 Private Placement 7,000,000 0.400 192,477,159 Additional Listing Detail
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  2 people like this.
 
apolloang I make 2 rounds already tomoro I chase some curry mee,toyoink,jaks if down more,gtronics if 1.30 or below,gbgaqrs possible chance to 1.00 or above by CNY
03/01/2019 10:16 PM
calvintaneng So undervalue?

Should be taken private like Daiman
18/01/2019 8:53 PM
commonsense Harn Len is not the only plantation company that posted bad results in the most recent quarters. If you go through other financial reports, most (if not all) plantation companies are affected by the low CPO price in Jul-Sept period.

In terms of valuation, all plantation stocks are currently trading at a high PE multiple (for those that still managed to record profit) or in Harn Len case, negative PE. This is reflective of the downturn cycle of the plantation industry. Don't think that the industry will reverse their down cycle anytime soon given the general demand of the commodity is expected to go down in the future. China for example, is negotiating with US to take in more agriculture products from US which would potentially include soybean (or soybean oil). In general, Chinese consumption of oil would not actually go up that much so the increase of soybean oil import from US to China would actually be at the expense of other oil commodities from other countries (in particular palm oil from Indonesia and Malaysia). Another issue is on the European demand of palm oil which is expected to go down exponentially given the proposed ban of palm oil use in food and transportation industries in the future. They have already agreed to phase out the use of palm oil in transport fuel by 2030. Some countries like France and Norway have already started to move away from palm oil.

If you are still interested in the plantation industry then you should try to look at other companies first (at least until Harn Len is really on a stable footing). You will notice that most plantation stocks have fallen but PE valuation is still high. As I mentioned earlier, this is normal given that the industry cycle is currently at the bottom as reflected by the CPO price. It is better for you to do a PE calculation using an average 5 years PAT to take into account the cyclical nature of the industry. With this in mind you need to have a slightly long-term investment horizon when buying into oil plantation companies.

If you are looking to diversify your portfolio outside of Harn Len (due to its earnings uncertainties and bleak growth outlook) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM10mil to RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good Luck
25/01/2019 3:46 PM
calvintaneng Happy New Year 2019

Harnlern like Daiman is an asset play.
04/02/2019 10:21 PM
hollandking super freezer counter
05/02/2019 5:12 AM
hollandking and it isnt just super freezer, there's more
05/02/2019 5:13 AM
arfastrade Yes calvin :)
30/04/2019 8:46 AM
yong1985cm how much gain on the book will HarnLee recognised on this disposal of estate ?
30/04/2019 2:10 PM
joetay2 Post removed. Why?
30/04/2019 9:29 PM
danny123 HE IS A REAL CONMAN

WHEN HE ASK U TO BUY, HE IS SELL

HE ASK PEOPLE TO BUY DUTA AT 0.70
NOW 0.455


HE ASK PEOPLE TO BUY T7 AT 0.55
NOW 0.485

SO BECATEFUL , REAL CONMAN
02/05/2019 11:16 PM
megacity We need to do what other people told? Its' just a option when we are adult, no one can force us to do what we don't want to do if selective. Buy share by our own risk and don't blame other because we already adult.
04/05/2019 2:43 PM
danny123 U ARE RIGHT DONT BLAME, BUT THIS GUY IS D SYNDICATE ALWAY ASK PEOPLE TO BUY HIGH WHEN HE WANT TO SELL
06/05/2019 12:08 PM
bnmacai lol some new staff doing data entry into bursa reporting site.
27/08/2019 5:52 PM
bnmacai suddenly revenue and loss become billion. lulz
27/08/2019 5:54 PM
flexibt LOL... guys, pls refer to this accurate one
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=206281&name=EA_FR_ATTACHMENTS
27/08/2019 6:36 PM
apolloang new low where is pastor calvin? hahaha
10/10/2019 10:28 AM
leechen88 Disposed rompin estate 2000ha with 183m value, another Senang estate will dispose soon ? Another 180m worth?
30/12/2019 12:29 PM
leechen88 Market cap now only 100m ....aiyoyo... at this price johor towel , Sarawak oil palm mill , Sarawak planted estate all free
30/12/2019 12:31 PM
LouiseS HARN LEN's main business segments include oil palm plantations, milling and operations of a hotel.

Its earning performance has been overall fluctuating in last five years, whereby its earning per share overall fluctuated from -12.22 sen to 3.43sen. For the financial year 2018, the Group reported a pre-tax loss of RM19.7 million due to lower contribution from the Plantation division. The downtrend was exacerbated by sustained depressed and sluggish commodity prices of Crude Palm Oil (“CPO”) and Palm Kernel (“PK”), and finance costs resulting from borrowings to meet obligations and commitments of the Group.

https://louisesinvesting.blogspot.com/2020/01/comments-on-harn-len-corp-bhd-7501.html
12/01/2020 6:14 PM
tualp lousy counter....
28/08/2020 3:00 PM
thesteward Sud just privatize this
07/09/2020 6:34 PM
thesteward Director kept buying back shares
07/09/2020 6:39 PM
thesteward This month
07/09/2020 6:39 PM
thesteward Something brewing
07/09/2020 9:16 PM
Patrick13 10 sen special dividend! Huat ah!!!
14/09/2020 1:24 PM
tualp target price 0.85
14/09/2020 2:51 PM
alexanderzack Waiting good result on November ,just a sharing !
The Disposal of 2.12k Hec oil palm estates (183m) had been completed on 25 August 2020 which is expected to generate 90-100 m with 10 c of special dividend (+ 40 ~ 50 c of EPS for 3rd Q result November).
The crop production of FFB,CPO & PK have been increasing significantly since the month of August 2020.
The price of CPO also has been getting up from +/- 2400(July) to 2892 (today),plus with 7.9 m + of treasury shares.
15/09/2020 12:14 AM
XiuyyXiong not dare to enter although high special dividend. directors bought long time ago
15/09/2020 7:12 PM
Triumph in Bursa TIB COMMENT :

With the CPO Price Boost & also Disposal-Gain Special Dividend. We believe HARNLEN is full with potential to reach their yearly high.


https://klse.i3investor.com/blogs/triumphinbursa/2020-09-15-story-h1513521048-THIS_COMPANY_DIVIDEND_208x_of_Fixed_Deposit_Rate_2_p_a_By_TriumphinBurs.jsp
15/09/2020 10:50 PM
jguy does not make sense, company loss making for 3 years straight. they issue dividend (based on disposals). seems like bailing out of the business as soon as possible. and just entice the price for people to push up the pricing
17/09/2020 9:20 AM
Vanbasten Grabbed WB what's the news?
19/09/2020 10:51 PM
Stonecold harnlen will give good dividen next week.grab while u can
22/09/2020 9:23 AM
ronnie2u Tomorrow HARNLERN drop 10 sen
27/09/2020 3:09 PM
kakalut if I bought this counter at 4:30pm today, do I entitle for the dividend?
28/09/2020 10:08 AM
hohlaiyet88 Dividend already end. No more dividend....Today drop a lot.
28/09/2020 10:44 AM
Ronaldh Dividend give 10 sen. But share price drop kao. Lol
28/09/2020 8:27 PM
Start_0f_the_bull Sold at 0.70 cd 0.10.
Ex div now selling at 0.49.
What a junk stock controlled by family. LOL
29/09/2020 9:24 AM
HamsterHuat @Jeff5142.......if you sold at 0.70...then no dividend for you lo.

Ex-date is 0.610.....after minus 10cents dividend.

Now it is time buy back lo..
Even Warrant Conversion also need 0.50..
29/09/2020 7:49 PM
HamsterHuat hahaha...
just check...warrant conversion is 0.60 cent.
29/09/2020 10:05 PM
HamsterHuat Stupid Special Dividend 10cent.....after Payout....Share tumble like Shiiit until lowest 0.445.....Trading around 0.47 ishnnn for about 2 week liao...
Even Share BuyBack like Cibai.....so little...

Warrant another useless piece of shit.....need 0.60cent.
14/10/2020 12:51 PM
HamsterHuat Share won't get pass 0.50 cent anytime soon.
No News is bad for HarnLen

So what special dividend 10cent...
Closing the day before dividend is 0.710

after deduct 10cent.....
New opening the next day is 0.610..

Did it maintain at 0.600..
Hell no....plunging all the way until 0.47 issshhh

Warrant need 0.60 cent for conversion...
Unless it have vaccines....or anthing related to Glove.....
it will stay below 0.50 for months until annoucement of new dividend...

hahaha
14/10/2020 1:08 PM
HamsterHuat Adiooo....Mana Share BuyBack?
Lame Counter....Director and Staff playing among themselves...

Warrant are useless fuckked as the conversion price is 60 cent....

Yea...Keep Selling away lands..estate....to keep getting Special Bonus...

But Wait.....Latest 10 cent special Bonus cause the Share to plunge ....Last Closing price...0.710

New price after dedict 10 cent mean...
price should be hovering 0.610 ....that if after getting 10 cent special dividend...

But Hell no....it plunge below 50 cent and hovering 47 cents now..
Should in theory...
47 cents and 10 cents dividend mean....57 cent max but but but closing before dividend is 0.710 cent..

why 57 cents.....losing money lo...
15/10/2020 10:42 PM
HamsterHuat Faster go Up lah...

Bugger Warrant Conversion price 60 cent..

Today Mak Hijau still under 50 cent for almost 2 week liao.

48 cent now....Pleaselah ...feeble Share BuyBack attempt....Might as well don't do it.

This is the most useless fuck Share where after Special Dividend payout 10cent causes the Share to crash from 0.61 ( after previous last closing 0.71) to 0.45 within 2 days...

Good thing is...many investor got burnt despite getting 10 cent dividend by this Oct month end.

Now left Management...Employee buying and selling among themself..

Goreng Goreng.....Please lah...goreng up to 70 cent back so that the Warrant Conversion at 60 cents....i can still make profit.
16/10/2020 11:25 AM
HamsterHuat Fuyoooo...
46.5 cent..

This is indeed a shiiiiiiiiit share.
hahhaa
16/10/2020 8:16 PM
HamsterHuat Mana Share Buy Back?
Weakling....!!
17/10/2020 10:12 AM
HamsterHuat Another shitty 46.5 cent closing.
That Special Dividend 10 cent downfall.
20/10/2020 8:33 AM
HamsterHuat stuck in limbo.....0.46 cent.
..Adiooo...Useless Share
20/10/2020 8:57 PM
HamsterHuat WtFuck......
Que 888 share at 0.485 and 0.490

OMG.....Another 0.46 to 0.475 closing today

Another Lame Day...
21/10/2020 9:08 AM
HamsterHuat look like closing at 0.455
buy buy buy
21/10/2020 2:54 PM
HamsterHuat On the Dot....0.455
Tomorrow again 0.455

hahahha
21/10/2020 5:04 PM


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