Posted by Plantermen > Dec 23, 2019 3:26 PM | Report Abuse

Labour & fertilisers cost make up the bulk of a Plantation estate expenses. If you look at their current accounts both fertilisers costs & operating expenses are higher than other plantations {tier one} companies { TSH, IJM plant,HSplant } dont compared with IOI or Up. Income from Indonesia is equally disappointing incurring losses for the past 4 years

Posted by Up_down > Dec 24, 2019 3:59 PM | Report Abuse

Depreciation of Property, Plant & Equipment shows RM 54.5 million for FY 30Apr19 whereas amount restated to 56.4 million for FY 30Apr18 for comparison purposes. If you read the AR 2018, the amount was , in fact, RM 28 million which was before adopting new MFRS. The additional charged of RM 28 million for depreciation of planting costs in complying new MFRS.

Posted by Up_down > Dec 24, 2019 4:12 PM | Report Abuse

TSH used to adopted an aggressive policy of non depreciating planting costs too but INNO adopted deprecated planting costs policy even though under the control of TSH management.

Posted by LouiseS > Jan 21, 2020 11:53 AM | Report Abuse

Based on comparison of 44 plantation counters listed in Bursa Malaysia, UNITED MALACCA is shown to be one of the TOP 8 plantation counters worthy to pay attention to and potentially invest in. UNITED MALACCA stands out in performance indicators such as having mostly steady earning per share (~ 10 sen per share and above), high market capitalization (RM 1,108 million) and relatively low P/E ratio of ~17.

https://louisesinvesting.blogspot.com/2020/01/comparison-of-major-plantations.html

Posted by Plantermen > Jan 21, 2020 8:06 PM | Report Abuse

Sold off their peninsular estates to book a one off gain in their last financial year. Paying 2 sen interim dividend. Funds utilised for thier Sulaiwesi joint venture project planting sevia, coconut or rubber. Land usage is restricted for forest land

Posted by mf > Jun 23, 2020 7:11 PM |

Post removed. Why?

Posted by EatCoconutCanWin > Jun 23, 2020 10:44 PM | Report Abuse

Nah..this CB stock loss money but still ok. Is nothing to worry eh la. Red then green.

Posted by Plantermen > Jun 24, 2020 2:00 PM | Report Abuse

Sold off securities held to cover the operating losses. Last year sold off their peninsular estates to cover bottom line. Worrying trend

Posted by kasim > Sep 9, 2020 10:04 AM | Report Abuse

But now as lockdown policies restrict travel in many parts of the region, and the Malaysian government looks to cut back hiring of migrant workers, palm growers are left with little choice. The industry is also reaching out to drug rehabilitation centers for potential workers

Posted by Sami_Value > Sep 25, 2020 7:10 PM | Report Abuse

something really went wrong, CPO rising but they are making peanuts

Posted by Plantermen > Sep 25, 2020 10:05 PM | Report Abuse

Cpo prices spike up from last year $2,100 per tonne to a high of 3,000 per tonne { up 40 - 45 % } even laggards like FGV, RH, TSH recorded much higher profit at the back of higher & better sales {CPO & PK prices} except for this counter. In addition, no segmentation on their Indonesian sales pricing VS their Peninsular and Sabah operations

Posted by Jonathan Keung > Sep 29, 2020 1:17 PM | Report Abuse

Sulawesi JV project put on hold due to environment issues. At this point unable to determine the time frame when the project can restart

Posted by Plantermen > Oct 2, 2020 2:58 PM | Report Abuse

US ban on FGV exports bad for Malaysia export. Other producers will be impacted too

Posted by flyingtomoon2020 > Nov 8, 2020 6:00 PM |

Post removed. Why?

Posted by BeastOfTheEast > Mar 17, 2021 3:42 AM | Report Abuse

United Malacca 3Q profit more than quadruples to RM13.73 million

https://www.theedgemarkets.com/article/united-malacca-3q-profit-more-quadruples-rm1373m

Posted by Jonathan Keung > Mar 17, 2021 9:57 AM | Report Abuse

Good result

Posted by Plantermen > Jun 25, 2021 8:51 AM | Report Abuse

Latest qtr result showed net plantation loss of 11+million plus vs previous qtr profit unbelievable.???with record high CPO prices

Posted by calvintaneng > Sep 23, 2021 9:49 PM | Report Abuse

WELL DONE ANOTHER PALM OIL COMPANY UMALACCA

YOY UP 486%

HOLD TIGHT GUYS

BULL RUN MUST COME FOR ALL OIL PALM STOCKS

Posted by Fabien _the efficient capital allocator > Dec 17, 2021 8:18 PM | Report Abuse

Very good results indeed

Posted by calvintaneng > Dec 18, 2021 10:36 PM |

Post removed. Why?

Posted by calvintaneng > Dec 19, 2021 11:08 PM | Report Abuse

Since got flood in Peninsula better Buy these Palm oil Companies in Sabah & Sarawak : SOP, TAANN & TSH

Posted by calvintaneng > Dec 19, 2021 11:21 PM | Report Abuse

SOP got Rm760 Million in Cash or more than Rm1.00

Posted by k3nthiew > Feb 25, 2022 10:06 AM | Report Abuse

The most quiet plantation stock

Posted by k3nthiew > Feb 25, 2022 10:09 AM | Report Abuse

Fantastic result like others plantation stocks but UMCCA is so quiet... peace b4 the storm

Posted by calvintaneng > Mar 22, 2022 10:23 PM | Report Abuse

Excellent more than 100% increase in profit YoY for Umalacca

Posted by Max2838 > Mar 23, 2022 10:37 AM | Report Abuse

With CPO price at above RM5000, this continues to be a disappointing plantation company, dragged down by its Indonesian operations. Companies that do not have oil refineries in Indonsia will always lose out because CPO price in Indonesia is some RM1000 lower than that in Malaysia. In general, the crop yield of its plantations in Malaysia is so much lower compared to UP, KLK, IOI, HSP, etc. Weakness is in it harvesting operations, not agronomy....

Posted by Max2838 > Mar 23, 2022 12:09 PM | Report Abuse

Managing plantation is about people, not palms.

Posted by hopetobecorrect > Apr 21, 2022 9:36 AM | Report Abuse

really sleeping for a very long time

Posted by monorail > Apr 25, 2022 11:14 AM | Report Abuse

UMCCA is the only plantation stock that has not gone up so much. Very good buy at current price.

Posted by hopetobecorrect > Apr 28, 2022 11:20 AM | Report Abuse

umcca should not be too affected by indonesia ban. indonesia operation contribute around 10% of its profit. i believe the rise in cpo price will exceed the negative consequences . hold for better price and divivdend announcement coming next month which should be better than last year

Posted by Dehcomic01 > Jan 29, 2024 9:09 AM | Report Abuse

According to Professor Novy-Marx, the gross profitability (gross profit/total asset) is a return metric that has the same power as price to book value in prediction cross section returns of a stock. https://i.postimg.cc/6QJy1P2f/United-Malacca.png

When I compared Bursa Malaysia plantation company, United Malacca gross profitability with that of the sector median, you can see that it clearly underperformed. This underperformance is not so clear cut when you look at ROE.

Moral of the story? Return is one key measure of profitability and I normally look at several return metrics – ROE, ROA, Gross Profitability, NOPAT/Capital to get a better picture. https://www.youtube.com/watch?v=9KhboTCMdEg

Posted by Dehcomic01 > Jan 29, 2024 9:09 AM | Report Abuse

According to Professor Novy-Marx, the gross profitability (gross profit/total asset) is a return metric that has the same power as price to book value in prediction cross section returns of a stock. https://i.postimg.cc/6QJy1P2f/United-Malacca.png

When I compared Bursa Malaysia plantation company, United Malacca gross profitability with that of the sector median, you can see that it clearly underperformed. This underperformance is not so clear cut when you look at ROE.

Moral of the story? Return is one key measure of profitability and I normally look at several return metrics – ROE, ROA, Gross Profitability, NOPAT/Capital to get a better picture.