Showing posts with label BLD Plantation. Show all posts
種植業面臨盈利懸崖＂‧末季盈利料挫30%
吉隆坡4日訊）種植股第三季業績令市場大失所望，歸咎於棕油價疲弱及庫存高企，肯納格研究不排除種植業將陷入“盈利懸崖＂，末季盈利料至少按年及按季挫30%及20%，種植股財測最高遭下調14%，並相信仍有進一步滑跌空間。
庫存按月跌1%
按年大增20%
按年大增20%
肯納格預期11月棕油產量仍高企於249萬公噸，接近歷史高位，導致棕油價揚升空間受限，短期內難以突破2千500令吉。雖然按月棕油庫存微跌1%，不過卻按年顯著攀升20%。
“我們相信高庫存困境將延續至明年首季，3千令吉成為重大阻力水平。＂
按季計，種植股盈利或將丟失超過20%，因為末季棕油價料挫跌21%至2千250令吉。
“由於棕油價從10月初起跌穿2千500令吉，並已處於低位多時，我們相信末季盈利的挫跌幅度將相距不遠，且可能引來另一輪強烈的盈利下調。＂
受到勞工成本高企影響，棕油生產成本也上漲5%，不過隨著鮮果串產量走勢平平，整體生產成本料已趨穩。
需求方面，肯納格預計11月棕油出口將按月增長5%至185萬公噸，受惠於中國交易商提昇棕油庫存。供應方面，該行則臆測按月產量走跌6%至182萬公噸。
隨著北半球邁入冬天，預計棕油與大豆油的龐大價差將維持另3個月。由於棕油遇冷後會凝固，因此消費者將喜愛使用大豆油。
種植股發盈利預警
以238萬至248萬公噸庫存計，肯納格將今明2年棕油價，各從每公噸2千975及3千令吉，下調3%至5%，至2千900及2千850令吉。
“今年2千900令吉預估，相等於棕油價下跌了10%，而2013年則料再挫2%至2千850令吉。＂
國內3大種植股已發出盈利可能滑跌的訊號，森那美（SIME，4197，主板貿服組）僅設下32億令吉淨利關鍵表現指標、吉隆坡甲洞（KLK，2445，主板種植組）預期盈利走跌、IOI集團（IOICORP，1961，主板種植組）也指最近幾個月棕油價低企將影響淨利水平。
肯納格以個股計，聯土全球（FGV，5222，主板種植組）及IOI集團面對龐大的樹壓衝擊，因為其種植地趨向成熟階段，平均樹齡各為16.5及13.7年。
怡保種植（IJMPLNT，2216，主板種植組）及陳順風資源（TSH，9059，主板種植組）受沙巴種植地鮮果串產量低企影響。陳順風資源盈利下滑幅度最甚，歸咎於鮮果串產量挫跌7%、棕油價走低及生產成本至少揚升15%。
受到種種利空因素影響，肯納格將種植業評級從“中和＂下調至“減碼＂。（星洲日報／財經）
Industry experts forecast better prices for crude palm oil (CPO) this year in 2012
KUALA LUMPUR: Industry experts have different price forecasts for crude palm oil (CPO) this year, but they all seem to agree that 2012 will be a better year for the commodity than the past two years. Their forecast average prices range from RM3,100 to RM3,610 per tonne. In comparison, CPO was traded at an average of RM3,210 in 2011 and RM2,701 in 2010.
ISTA Mielke GmBH (Oil World) executive director Thomas Mielke said CPO prices would average about RM3,450 per tonne, given that the outlook for palm oil output was going to be moderate this year.
“We expect Malaysia will increase its CPO output by only about 0.4 million tonnes to 19.3 million tonnes, while Indonesia is expected to slow its output by 1.6 million tonnes or less, to 25.5 million tonnes,” he said yesterday during the palm oil price outlook session at the Palm & Lauric Oils Conference & Exhibition Price Outlook 2012 with the theme Global Shocks Local Impact. Mistry expects the price of CPO to hover at between RM3,450 and RM3,600 after June.
Another speaker at the conference, Malaysian Palm Oil Board (MPOB) senior research officer Ramli Abdullah, expects CPO prices to range from RM3,100 to RM3,610 per tonne. He said the prices were usually influenced by economic factors such as soybean oil prices, production and crude palm oil. “The production of palm oil for Malaysia is expected to increase to 19.36 million tonnes this year under normal weather situation and increase in new plantings, matured area and replanting,” he added.
LMC International chairman Dr James Fry said he forecast Malaysia's CPO production to be unchanged from the 2011 total at 18.9 million tonnes and forecast CPO price to be at an average of RM3,250 per tonnes if Brent crude oil trades at US$125 (RM375) per barrel. Rabobank International Asia Head of Food & Agribusiness Research & Advisory John Baker forecast Malaysia's CPO production this year to be 19.2 million tonnes, while price was expected to peak to near RM3,500 per tonne before starting to moderate after the second half of 2012.
Godrej International Ltd director Dorab Mistry believes that Malaysia's CPO production this year would be at the range of between 18.6 million tonnes and 19 million tonnes. “I'm expecting a flat production for Malaysia this year as a result of a low cycle for palm trees,” he said. Malaysia's CPO production in 2011 was 18.9 million tonnes. He expects the price of CPO to hover at between RM3,450 and RM3,600 per tonne after June and that it would decline only after evidence of the low cycle end around November. Touching on the export taxes by the Indonesia, he said Malaysia had effectively asked its refiners to fend for themselves. “Malaysia can opt to adopt a carbon copy of Indonesia's export tax regime and do away completely with the duty-free export quota for CPO. As they say, if you cannot beat them, you join them!” he said. It was reported that Indonesia had last year cut export taxes on refined grades that helped its domestic processors restart their factories and offer discounts to overseas buyers. That turned margins negative for refiners in Malaysia and the Government was looking at ways to keep investments flowing into its RM60bil sector. Malaysia usually charges a high duty on crude palm oil shipments to protect its domestic refining industry. It does not impose any export taxes on processed palm oil. The country has 51 refineries with a combined yearly capacity of 22.9 million tonnes. It is planning new capacity of 9.6 million tonnes
3-Mar-12 The Star Biz
“We expect Malaysia will increase its CPO output by only about 0.4 million tonnes to 19.3 million tonnes, while Indonesia is expected to slow its output by 1.6 million tonnes or less, to 25.5 million tonnes,” he said yesterday during the palm oil price outlook session at the Palm & Lauric Oils Conference & Exhibition Price Outlook 2012 with the theme Global Shocks Local Impact. Mistry expects the price of CPO to hover at between RM3,450 and RM3,600 after June.
Another speaker at the conference, Malaysian Palm Oil Board (MPOB) senior research officer Ramli Abdullah, expects CPO prices to range from RM3,100 to RM3,610 per tonne. He said the prices were usually influenced by economic factors such as soybean oil prices, production and crude palm oil. “The production of palm oil for Malaysia is expected to increase to 19.36 million tonnes this year under normal weather situation and increase in new plantings, matured area and replanting,” he added.
LMC International chairman Dr James Fry said he forecast Malaysia's CPO production to be unchanged from the 2011 total at 18.9 million tonnes and forecast CPO price to be at an average of RM3,250 per tonnes if Brent crude oil trades at US$125 (RM375) per barrel. Rabobank International Asia Head of Food & Agribusiness Research & Advisory John Baker forecast Malaysia's CPO production this year to be 19.2 million tonnes, while price was expected to peak to near RM3,500 per tonne before starting to moderate after the second half of 2012.
Godrej International Ltd director Dorab Mistry believes that Malaysia's CPO production this year would be at the range of between 18.6 million tonnes and 19 million tonnes. “I'm expecting a flat production for Malaysia this year as a result of a low cycle for palm trees,” he said. Malaysia's CPO production in 2011 was 18.9 million tonnes. He expects the price of CPO to hover at between RM3,450 and RM3,600 per tonne after June and that it would decline only after evidence of the low cycle end around November. Touching on the export taxes by the Indonesia, he said Malaysia had effectively asked its refiners to fend for themselves. “Malaysia can opt to adopt a carbon copy of Indonesia's export tax regime and do away completely with the duty-free export quota for CPO. As they say, if you cannot beat them, you join them!” he said. It was reported that Indonesia had last year cut export taxes on refined grades that helped its domestic processors restart their factories and offer discounts to overseas buyers. That turned margins negative for refiners in Malaysia and the Government was looking at ways to keep investments flowing into its RM60bil sector. Malaysia usually charges a high duty on crude palm oil shipments to protect its domestic refining industry. It does not impose any export taxes on processed palm oil. The country has 51 refineries with a combined yearly capacity of 22.9 million tonnes. It is planning new capacity of 9.6 million tonnes
3-Mar-12 The Star Biz
Palm oil exports to rise in 2012
KUALA LUMPUR: Palm oil exports from Malaysia, the world's second largest producer, may climb as much as 10% this year, expanding faster than local output and helping to drive down stockpiles and support prices, an industry group forecast.
Exports may climb to a record 19.8 million tonnes from last year's 18 million tonnes as demand in India and China gained, Malaysian Palm Oil Council chairman Lee Yeow Chor, said in an interview. The price may advance 3.9% to RM3,300 per tonne in 2012, according to Lee.
Declining stockpiles in Malaysia, which have held above 2 million tonnes since September, may help futures extend a 15% rally since October, boosting profits at growers IOI Corp Bhd and Sime Darby Bhd. Credit Suisse Group AG raised its forecast for 2012 prices 28% to RM3,200 on Feb 1, saying supplies will be capped, while demand remains strong.
“The market hasn't completely accounted for the amount of vegetable oil demand that's going to be shifting to palm oil this year,” said Erin FitzPatrick, an analyst at Rabobank International in London. Prices were holding above RM3,000 on prospects for lower global soybean oil and rapeseed oil output, FitzPatrick said by phone on Wednesday.
The April-delivery contract fell as much as 1% to RM3,166 on the Malaysia Derivatives Exchange yesterday before trading at RM3,177 at 11.55am. While the price is little changed this year, it's rallied from a 12-month low of RM2,754 on Oct 6.
Dorab Mistry, director of Godrej International Ltd, has forecast a bull market in palm oil this year as demand growth outstrips the projected increase in production. The price may reach RM4,000 by June, Mistry forecast in December.
Global soybean oil exports may decline to 8.56 million tonnes this year from 9.5 million in 2011, according to a forecast from the US Department of Agriculture. Months of dryness caused by the La Nina weather pattern have parched crops in South America. Palm-oil stockpiles may drop to “healthy levels” from April as shipments from Malaysia rose on growing production after the seasonally low-output months of January and February, Lee said. Global vegetable oil demand may grow by 3% to 5% in 2012, said Lee, who's also executive director at IOI Corp, Malaysia's second largest listed producer.
“If we can reduce the stocks to around 1.7 million tonnes, it will be a very positive development,” said Lee, who forecast an increase in shipments of 5% to 10%. Growing demand from China, India and African countries would offset slowing imports in European countries caused by a reduction in biofuel usage and sustainability issues, he said.
Malaysian output would show “moderate” growth of less than 5% in 2012 after a “significant” increase last year, Lee said.
Output climbed 11% to 18.9 million tonnes in 2011 from 16.99 million tonnes a year earlier, according to data from the Malaysian Palm Oil Board. Production may be 19 million tonnes this year as more plantations mature, Plantation Industries and Commodities Minister Bernard Dompoksaid on Jan 19.
Malaysia was promoting new uses for the tropical oil, which included anti-oxidants such as tocotrienols and phenolics, as well as furniture made from the wood from the oil palm's trunk, said Lee.
Indonesia, the biggest producer, cut the maximum tax rate on crude palm oil exports last October and imposed lower duties on processed products to help the local refining industry.
If the export duty in Indonesia was helping its mid-tier refineries, one strategy for Malaysia was to go further up the so-called value chain, said Lee. “Those are very competitive” products, he said, referring to output such as oleochemicals, food esters and specialty chemicals and fats. - Bloomberg
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Malaysia Oil Palm Plantation Company Estate Profile @ FY2010
Gross(Ha) - Total Gross Plantation Area
Planted(Ha) - Planted Area (ha)
Matured(Ha) -Matured Area(ha)
Immat.(Ha) - Planted but immatured Area (ha)
FFB (MT) - Fresh Fruit Bunches (MT)
MT/Ha - Number of FFB produced in a hectares of matured area
Profit (RM) - Total Net Profit in RM'million
RM/Ha - Net Profit Per Matured Area
No. Shares - Total number of shares of the listed company (in million)
(M)Ha/Lot - Matured Area per 1000 shares
(P)Ha/Lot - Planted Area per 1000 shares
三大因素 牽動2012棕油價
東方新聞網
隨著原棕油（CPO)價格從10月份的每公噸2787令吉反彈，目前價格已衝破3000令吉大關。黃氏星展唯高達研究預測，原棕油價明年將觸及每公噸4000令吉的新高水平。分析員認為，將有三大元素影響2012年棕油價格前景。
Quarter Earning Updates: BLD Plantation
BLD Plantation 2Q EPS was 20sen which is slightly lower compared to 1st Q result. And first half EPS is 42.74 sen. Coming quarter result will be expected lower due to the weak selling price of CPO.
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BLD Plantation
1st Quarter FY08 Earning Updates
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.
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.
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Oriental
Earning Report Card
1. Plenitude reported RM 65.2 million and 16.2 million in both revenue and net profit in Q2'08 which EPS is 11.99 in this quarter. The result was mainly attributable to progressive profit recognised on properties sold, completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bandar Perdana in Kedah, The Residences and Changkat View in Sri Hartamas, Kuala Lumpur. Apart from the profit contributed from property development projects, Tanjung Bungah Beach Hotel in Penang has also contributed 2.4% to the Group’s net profit. The share price have been going down to RM 2.10 level from RM3.00 from last Quarter, investor can start to monitor and accumulate the share at this price level.
2. BLD Plantation reported RM 49.4 mil and RM 10.9 mil in revenue and net profit onQ4'07 which EPS is 12.05sen . The full year EPS is 41.1 sen . Current CPO price stay above RM 3000 since beginning of year and staying at RM 38xx now. The EPS growth is expected to exceed 50% if the 2008 CPO average price is above RM3000. Although BLD plantation is one of the cheapest plantation stock in the market but very little information provided on the number of planted acres and matured acres . It make investor diificult to estimate the company growth.
3. Oriental Holding reported RM1,259.9 mil and RM70mil in revenue and net profit on Q4'07 which translated to EPS = 12.61. The full year EPS was 61.21 sen in financial year 2007 and cash reserve has increased from RM 1.278billion in 2006 to RM 1.708 billion. The net cash generated from operating activities was RM473 mil. Accumulate the stock on price level which below the NTA RM6.40 and it expected plantation earning will continue to contribute positively in 2008.
4. Mahsing reported RM120mil and RM20mil in revenue and net profit on Q4'07 which translated to diluted EPS = 3.34 sen. The full year diluted EPS 14 sen. Should buy if the share price dip below RM1.50
5. Mamee reported RM88.2mil and RM4.5mil in revenue and net profit on Q4'07 which translated to EPS = 6.87 sen. The full year diluted EPS 21.1 sen. Rising cost of commodities which contribute significantly on the cost of sale, it is expect another tough year for Mamee. Hold
6. Mycron and Melewar continued to report poor result on last quarter.
2. BLD Plantation reported RM 49.4 mil and RM 10.9 mil in revenue and net profit onQ4'07 which EPS is 12.05sen . The full year EPS is 41.1 sen . Current CPO price stay above RM 3000 since beginning of year and staying at RM 38xx now. The EPS growth is expected to exceed 50% if the 2008 CPO average price is above RM3000. Although BLD plantation is one of the cheapest plantation stock in the market but very little information provided on the number of planted acres and matured acres . It make investor diificult to estimate the company growth.
3. Oriental Holding reported RM1,259.9 mil and RM70mil in revenue and net profit on Q4'07 which translated to EPS = 12.61. The full year EPS was 61.21 sen in financial year 2007 and cash reserve has increased from RM 1.278billion in 2006 to RM 1.708 billion. The net cash generated from operating activities was RM473 mil. Accumulate the stock on price level which below the NTA RM6.40 and it expected plantation earning will continue to contribute positively in 2008.
4. Mahsing reported RM120mil and RM20mil in revenue and net profit on Q4'07 which translated to diluted EPS = 3.34 sen. The full year diluted EPS 14 sen. Should buy if the share price dip below RM1.50
5. Mamee reported RM88.2mil and RM4.5mil in revenue and net profit on Q4'07 which translated to EPS = 6.87 sen. The full year diluted EPS 21.1 sen. Rising cost of commodities which contribute significantly on the cost of sale, it is expect another tough year for Mamee. Hold
6. Mycron and Melewar continued to report poor result on last quarter.
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BLD Plantation
Rosy outlook for BLD Plantation
PETALING JAYA: BLD Plantation Bhd’s earnings prospects remain rosy with the buoyant crude palm oil (CPO) prices that are seen to be sustainable in the next couple of years. The stock’s valuations are compelling. Based on Standard & Poor’s (S&P) earnings per share (EPS) estimate of 44.9 sen for fiscal year (FY) ending Dec 31, 2007 and yesterday’s closing price of RM3.08, the shares are trading at a price-to-earnings ratio (PER) of 6.9 times. Based on S&P’s EPS forecast of 67.3 sen for FY08, this indicates a PER of 4.6 times. A number of other plantation companies are already trading at high double-digit PERs. Furthermore, BLD’s share price has only appreciated 18.5% year-to-date. It is timely or the counter to play catch up with its peers. According to its 2006 annual report, the group has some 131,037 acres of oil palm plantations in Sarawak, of which 25,451 acres are matured palms.
S&P, in its initial coverage, noted that BLD’s plantation age profile was attractive, with about 41% below seven years old, 48% in prime-mature stage and 11% between 16 and 20 years old.
BLD said in its annual report: “Our plantations will progressively have more matured crops in the coming year, which augurs well for the group to sustain the FFB (fresh fruit bunches) production, thus enhancing revenue.” FFB production increased 4% in 2006 compared with 2005 while oil extraction rate achieved was close to 22%, it added. While many of its peers have developed most of their plantation and are facing difficulties in securing more land bank in Malaysia, BLD still has a vast undeveloped plantation land of 76,601 acres.
Interestingly, BLD has one of the highest acreage of plantation land per 1,000 shares. Based on its 85 million issued shares, owning 1,000 shares is almost like owning 1.542 acres of plantation land. BLD is also becoming a bigger integrated oil palm group. It currently operates a mill in Miri with an hourly capacity of 380,000 tonnes.
The 2006 annual report said a palm oil refining plant and dry fractionation factory at Tanjung Kidurung Industrial Estate in Bintulu were anticipated to commence operations in the last quarter of this year. The two plants will produce refined bleached and deodorised palm oil, palm olein, palm stearins and palm fatty acids distillate catering primarily for exports.
In a recent report, BLD indicated plans to set up a kernel crushing plant in the same area that will commence operations next year. Its proposal to buy almost 50% in Wawasan Sedar Sdn Bhd, which is involved in oil palm plantations, milling and sales of related products and logs trading, is still pending approvals. If successful, the acquisition would increase its core plantation holdings by 42,007 acres while increasing internal source of CPO supply for refinery and milling processing capacity. Meanwhile, as the land bank is solely in Malaysia, BLD is not affected by Indonesia’s move to increase export tax on CPO to 6.5% from 1.5% previously. The plantation company continues to affirm its financial strength. During the first quarter ended March 31, it reported a 27% jump in net profit of RM5.6mil, translating into an EPS of 6.57 sen. Net tangible asset stood at RM4.11 as of end March while net gearing ratio stood at a healthy 0.25 times. It has declared a final dividend of 10 sen per share for FY06, which would go ex on Aug 13.
Comments: After this article appeared in TheStar today newspaper, the stocks up more than 16% today. BLD Plantation share movement has shown how influential is the local media on stock market. Many investors are depending on information on media report. In order to beat the general investors whose depending on local newspaper, investors should get alternative rare sources to make decision. e.g. Get the company annual report, the Edge weekly newspaper, etc. Once the informations is published on local newspaper, then it will be to late to invest.
S&P, in its initial coverage, noted that BLD’s plantation age profile was attractive, with about 41% below seven years old, 48% in prime-mature stage and 11% between 16 and 20 years old.
BLD said in its annual report: “Our plantations will progressively have more matured crops in the coming year, which augurs well for the group to sustain the FFB (fresh fruit bunches) production, thus enhancing revenue.” FFB production increased 4% in 2006 compared with 2005 while oil extraction rate achieved was close to 22%, it added. While many of its peers have developed most of their plantation and are facing difficulties in securing more land bank in Malaysia, BLD still has a vast undeveloped plantation land of 76,601 acres.
Interestingly, BLD has one of the highest acreage of plantation land per 1,000 shares. Based on its 85 million issued shares, owning 1,000 shares is almost like owning 1.542 acres of plantation land. BLD is also becoming a bigger integrated oil palm group. It currently operates a mill in Miri with an hourly capacity of 380,000 tonnes.
The 2006 annual report said a palm oil refining plant and dry fractionation factory at Tanjung Kidurung Industrial Estate in Bintulu were anticipated to commence operations in the last quarter of this year. The two plants will produce refined bleached and deodorised palm oil, palm olein, palm stearins and palm fatty acids distillate catering primarily for exports.
In a recent report, BLD indicated plans to set up a kernel crushing plant in the same area that will commence operations next year. Its proposal to buy almost 50% in Wawasan Sedar Sdn Bhd, which is involved in oil palm plantations, milling and sales of related products and logs trading, is still pending approvals. If successful, the acquisition would increase its core plantation holdings by 42,007 acres while increasing internal source of CPO supply for refinery and milling processing capacity. Meanwhile, as the land bank is solely in Malaysia, BLD is not affected by Indonesia’s move to increase export tax on CPO to 6.5% from 1.5% previously. The plantation company continues to affirm its financial strength. During the first quarter ended March 31, it reported a 27% jump in net profit of RM5.6mil, translating into an EPS of 6.57 sen. Net tangible asset stood at RM4.11 as of end March while net gearing ratio stood at a healthy 0.25 times. It has declared a final dividend of 10 sen per share for FY06, which would go ex on Aug 13.
Comments: After this article appeared in TheStar today newspaper, the stocks up more than 16% today. BLD Plantation share movement has shown how influential is the local media on stock market. Many investors are depending on information on media report. In order to beat the general investors whose depending on local newspaper, investors should get alternative rare sources to make decision. e.g. Get the company annual report, the Edge weekly newspaper, etc. Once the informations is published on local newspaper, then it will be to late to invest.
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BLD Plantation
BLD種植積極拓展棕油業 - Oriental Daily Thursday, June 14, 2007
BLD種植積極拓展棕油業 - Thursday, June 14, 2007
(古晉13日訊)BLD種植有限公司(BLDP，5069，主板種植股)假民都魯丹絨基都隆工業區設立的棕油精煉及分餾廠，預計將可以在2007年杪或2008年初開始試驗性運作。BLD種植有限公司執行主席拿督劉利康是在主持該公司今早假古晉皇冠廣場辦公大樓9樓召開的第5屆常年股東大會後，向媒體如是披露。BLD種植有限公司乃透過其子公司Kirana棕油提煉私人有限公司，在民都魯的丹絨基都隆工業區設立有關棕油精煉及分餾廠，而有關工廠的建築工程目前已經在進行當中。拿督劉利康在今日受訪時說明，在無意外的情況下，該公司在民都魯所設立的棕油精煉及分餾廠，預計將可以在2007年杪或2008年初開始試驗性運作。他透露，有關工廠，將可以每天處理多達1200公噸的原棕油。他也表示，除了有關的棕油精煉及分餾廠外，該公司也計劃興建一座棕仁研磨設備。BLD種植有限公司目前在美里及詩巫等地區擁有大約5萬3033公頃的土地。目前，該公司已經將當中的2萬1000公頃土地開發為油棕種植區，而其中約1萬公頃的油棕種植區，已經可供採摘成熟棕果。BLD種植有限公司也在靠近詩巫伊干的羅巴卡邦地區展開泥炭土油棕計劃，而該涵蓋3200公頃土地面積的油棕種植區，預計將可在下個月開始提供可採摘的成熟棕果。拿督劉利康也在會上披露，在2007年，BLD種植有限公司投資在油棕種植活動的資金約達1千萬令吉，而在未來幾年內，該公司將繼續積極展開油棕種植活動。無論如何，他指出，該公司目前未有將油棕種植地區擴展到印尼加里曼丹地帶的計劃。
(古晉13日訊)BLD種植有限公司(BLDP，5069，主板種植股)假民都魯丹絨基都隆工業區設立的棕油精煉及分餾廠，預計將可以在2007年杪或2008年初開始試驗性運作。BLD種植有限公司執行主席拿督劉利康是在主持該公司今早假古晉皇冠廣場辦公大樓9樓召開的第5屆常年股東大會後，向媒體如是披露。BLD種植有限公司乃透過其子公司Kirana棕油提煉私人有限公司，在民都魯的丹絨基都隆工業區設立有關棕油精煉及分餾廠，而有關工廠的建築工程目前已經在進行當中。拿督劉利康在今日受訪時說明，在無意外的情況下，該公司在民都魯所設立的棕油精煉及分餾廠，預計將可以在2007年杪或2008年初開始試驗性運作。他透露，有關工廠，將可以每天處理多達1200公噸的原棕油。他也表示，除了有關的棕油精煉及分餾廠外，該公司也計劃興建一座棕仁研磨設備。BLD種植有限公司目前在美里及詩巫等地區擁有大約5萬3033公頃的土地。目前，該公司已經將當中的2萬1000公頃土地開發為油棕種植區，而其中約1萬公頃的油棕種植區，已經可供採摘成熟棕果。BLD種植有限公司也在靠近詩巫伊干的羅巴卡邦地區展開泥炭土油棕計劃，而該涵蓋3200公頃土地面積的油棕種植區，預計將可在下個月開始提供可採摘的成熟棕果。拿督劉利康也在會上披露，在2007年，BLD種植有限公司投資在油棕種植活動的資金約達1千萬令吉，而在未來幾年內，該公司將繼續積極展開油棕種植活動。無論如何，他指出，該公司目前未有將油棕種植地區擴展到印尼加里曼丹地帶的計劃。
Tag :
BLD Plantation
BLD refinery to start ops soon
BLD refinery to start ops soon
By JACK WONG
KUCHING: BLD Plantation Bhd expects to produce several oil palm-based products when its refinery and dry fractionation plant in Tanjung Kidurong Industrial Estate, Bintulu, is commissioned in six months.
Executive chairman Datuk Henry Lau Lee Kong said the two downstream processing facilities would produce refined bleached and deodorised palm oil olein, stearins and fatty acids distillate for export.
Its wholly-owned subsidiary Kirana Palm Oil Refinery Sdn Bhd owns the two facilities. Each will have a capacity of 1,200 tonnes a day. The company has invested over RM100mil in the two projects.
“With the commissioning of the plants, the group is moving towards becoming a greater integrated oil palm concern, with upstream planting and downstream processing,” Lau said after the company AGM yesterday.
He said the group would start construction soon on a proposed kernel crushing factory near the palm oil refinery site, which was expected to begin operations next year.
Another wholly-owned subsidiary, Bintulu Lumber Development Sdn Bhd, operates a mill producing crude palm oil (CPO) and palm kernel.
Lau said about 40% of the fresh fruit bunches processed by the mill were from other plantation companies.
“We expect to invest RM10mil this year in new planting,” Lau said, adding that the group had more than 31,000ha in Miri, Sibu and Mukah divisions, which it had yet to develop.
He said the group was awaiting approval from the relevant authorities on its proposed acquisition of a 49.9% stake in Wawasan Sedar Sdn Bhd, which is involved in oil palm plantations, milling and sales of related palm oil products and in trading of logs.
He said the completion of the acquisition would add nearly 17,000ha of oil palm estates to BLD Plantation, enhance the group’s milling division and increase its internal source of CPO for the group’s refinery.
BLD Plantation posted a net profit of RM16mil on revenue of RM134mil for the financial year ended Dec 31, 2006.
At the AGM, shareholders approved a final dividend of 10 sen per share.
By JACK WONG
KUCHING: BLD Plantation Bhd expects to produce several oil palm-based products when its refinery and dry fractionation plant in Tanjung Kidurong Industrial Estate, Bintulu, is commissioned in six months.
Executive chairman Datuk Henry Lau Lee Kong said the two downstream processing facilities would produce refined bleached and deodorised palm oil olein, stearins and fatty acids distillate for export.
Its wholly-owned subsidiary Kirana Palm Oil Refinery Sdn Bhd owns the two facilities. Each will have a capacity of 1,200 tonnes a day. The company has invested over RM100mil in the two projects.
“With the commissioning of the plants, the group is moving towards becoming a greater integrated oil palm concern, with upstream planting and downstream processing,” Lau said after the company AGM yesterday.
He said the group would start construction soon on a proposed kernel crushing factory near the palm oil refinery site, which was expected to begin operations next year.
Another wholly-owned subsidiary, Bintulu Lumber Development Sdn Bhd, operates a mill producing crude palm oil (CPO) and palm kernel.
Lau said about 40% of the fresh fruit bunches processed by the mill were from other plantation companies.
“We expect to invest RM10mil this year in new planting,” Lau said, adding that the group had more than 31,000ha in Miri, Sibu and Mukah divisions, which it had yet to develop.
He said the group was awaiting approval from the relevant authorities on its proposed acquisition of a 49.9% stake in Wawasan Sedar Sdn Bhd, which is involved in oil palm plantations, milling and sales of related palm oil products and in trading of logs.
He said the completion of the acquisition would add nearly 17,000ha of oil palm estates to BLD Plantation, enhance the group’s milling division and increase its internal source of CPO for the group’s refinery.
BLD Plantation posted a net profit of RM16mil on revenue of RM134mil for the financial year ended Dec 31, 2006.
At the AGM, shareholders approved a final dividend of 10 sen per share.
Tag :
BLD Plantation
BLD Plantation 3rd Quarter Earning Result
The 3rd Quarter EPS is 5.26 Sen.
Hold for this counter, the company still pending bulk of its Palm Oil trees to mature and produce more FFB output.
Hold for this counter, the company still pending bulk of its Palm Oil trees to mature and produce more FFB output.
Tag :
BLD Plantation
My recommendation: BLD Plantation - Small plantation player and with big potential
BLD plantation listed on 2003. It has > 50K hectares land and planted more 20K hectares so far. More than half of the planted tree are still yet to reach mature age. I would expect upcoming 2-3 years, BLD plantation will gradually produce more crop.
The NTA value is stand as RM3.92 and current share price is RM2.29. The estimated ratio of planted area (in hectares) /No. of issued share (in million unit) = 22000 (hectares) /85 (million unit) => 259 which current price at RM 2.29
This is consider much higher than big cap plantation company like Asiatic, PPBOil, IJM plantation, KL Kepong.
PPBOil = 86627/445 => 194 which current price at RM 8.50
IJMPlantation = 24607/504 =>48.8 price at RM1.62
Q1'06 Crop production
Crude Palm oil 18381
Palm Kernel 4014
Q2'06 Crop production
Crude Palm Oil 19969
Palm Kernel 4485
Q3'06 Crop proction
Crude Palm Oil 24253
Palm Kernel 5648
Of course market share price of plantation company depend on many factors : management team, dividend policy, company financial status, cash flow, share liquidity etc.
I am using above ratio to show there is huge potential continue to grow the revenue and profit in coming years.
I will come back to review the counter on next quarter result (early Dec).
The NTA value is stand as RM3.92 and current share price is RM2.29. The estimated ratio of planted area (in hectares) /No. of issued share (in million unit) = 22000 (hectares) /85 (million unit) => 259 which current price at RM 2.29
This is consider much higher than big cap plantation company like Asiatic, PPBOil, IJM plantation, KL Kepong.
PPBOil = 86627/445 => 194 which current price at RM 8.50
IJMPlantation = 24607/504 =>48.8 price at RM1.62
Q1'06 Crop production
Crude Palm oil 18381
Palm Kernel 4014
Q2'06 Crop production
Crude Palm Oil 19969
Palm Kernel 4485
Q3'06 Crop proction
Crude Palm Oil 24253
Palm Kernel 5648
Of course market share price of plantation company depend on many factors : management team, dividend policy, company financial status, cash flow, share liquidity etc.
I am using above ratio to show there is huge potential continue to grow the revenue and profit in coming years.
I will come back to review the counter on next quarter result (early Dec).
Tag :
BLD Plantation
