1. BLDPLNT - BLD Plantation reported 60.6 mil revenue with net profit of 19.3 mil which it EPS resulted as 22.72 sen. EPS for FY08 expected to be significant improve as the average CPO remain above RM3000 in conjuction with more planted area slow become mature. As present, the group has a total landbank of 53K ha of which 23K ha are planted areas with about 50% maturity. And BLDPLNT is still borrowing money to expand its planting programme. If CPO continue to rally next two year which will generate big cash flow from operating to help to reduce bank borrowing.
2. Oriental Holding - Oriental reported 1,274 mil revenue with net profit of 75 mil which translates to 14.63 sen. Based on it last Annual Report shown that the group have total palm oil landof 39K ha in Malaysia and Indonesia which planted are of 25K ha, and 90% of the planted area are matured . The FFB yield per Ha is 25.37 MT. The group anticipates their plantation sector continue increase the contribution of the bottomline. With recently Fuel price hikes in Malaysia, not sure it will help to its Honda motorbike distribution business.
