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KLSE: HSPLANT       HAP SENG PLANTATIONS HOLDINGS
Last Price Avg Target Price   Upside/Downside Price Call
1.99 2.63     +0.64 (32.16%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
29/11/2022 2.00 2.50 +0.50 (25.00%) BUY KENANGA Price Target News
29/11/2022 2.00 2.57 +0.57 (28.50%) BUY HLG Price Target News
24/11/2022 2.01 2.20 +0.19 (9.45%) HOLD AmInvest Price Target News
11/11/2022 2.09 2.80 +0.71 (33.97%) BUY KENANGA Price Target News
10/11/2022 2.10 2.40 +0.30 (14.29%) HOLD BIMB Price Target News
08/11/2022 2.07 2.20 +0.13 (6.28%) HOLD AmInvest Price Target News
12/10/2022 2.00 2.80 +0.80 (40.00%) BUY KENANGA Price Target News
14/09/2022 2.32 2.80 +0.48 (20.69%) BUY KENANGA Price Target News
13/09/2022 2.30 2.80 +0.50 (21.74%) BUY KENANGA Price Target News
12/09/2022 2.30 2.40 +0.10 (4.35%) HOLD BIMB Price Target News
29/08/2022 2.25 2.40 +0.15 (6.67%) HOLD HLG Price Target News
25/08/2022 2.25 3.00 +0.75 (33.33%) BUY KENANGA Price Target News
25/08/2022 2.23 2.40 +0.17 (7.62%) HOLD HLG Price Target News
25/08/2022 2.25 2.40 +0.15 (6.67%) HOLD BIMB Price Target News
25/08/2022 2.25 2.20 -0.05 (2.22%) HOLD AmInvest Price Target News
13/07/2022 2.18 2.90 +0.72 (33.03%) HOLD BIMB Price Target News
24/06/2022 2.26 3.30 +1.04 (46.02%) BUY KENANGA Price Target News
13/06/2022 2.54 3.30 +0.76 (29.92%) BUY KENANGA Price Target News
07/06/2022 2.72 2.90 +0.18 (6.62%) HOLD BIMB Price Target News
26/05/2022 2.90 3.30 +0.40 (13.79%) BUY KENANGA Price Target News
26/05/2022 2.93 3.32 +0.39 (13.31%) BUY HLG Price Target News
26/05/2022 2.93 2.90 -0.03 (1.02%) HOLD BIMB Price Target News
26/05/2022 2.93 3.05 +0.12 (4.10%) HOLD AmInvest Price Target News
11/05/2022 3.00 2.64 -0.36 (12.00%) BUY BIMB Price Target News
28/04/2022 3.36 2.64 -0.72 (21.43%) BUY BIMB Price Target News
12/04/2022 2.99 2.65 -0.34 (11.37%) BUY KENANGA Price Target News
05/04/2022 2.64 2.65 +0.01 (0.38%) BUY KENANGA Price Target News
10/03/2022 2.78 2.64 -0.14 (5.04%) BUY BIMB Price Target News
24/02/2022 2.55 2.60 +0.05 (1.96%) BUY KENANGA Price Target News
24/02/2022 2.55 2.70 +0.15 (5.88%) BUY HLG Price Target News
24/02/2022 2.55 2.40 -0.15 (5.88%) HOLD AmInvest Price Target News
11/02/2022 2.16 2.30 +0.14 (6.48%) BUY KENANGA Price Target News
11/02/2022 2.15 2.36 +0.21 (9.77%) BUY BIMB Price Target News
25/01/2022 2.04 2.65 +0.61 (29.90%) BUY Rakuten Price Target News
25/01/2022 2.06 2.65 +0.59 (28.64%) BUY KENANGA Price Target News
11/01/2022 2.07 2.30 +0.23 (11.11%) BUY KENANGA Price Target News
29/12/2021 1.91 2.20 +0.29 (15.18%) HOLD AmInvest Price Target News
20/12/2021 1.90 2.36 +0.46 (24.21%) BUY BIMB Price Target News
10/12/2021 1.95 2.36 +0.41 (21.03%) BUY BIMB Price Target News
02/12/2021 1.93 2.30 +0.37 (19.17%) BUY KENANGA Price Target News
02/12/2021 1.92 2.36 +0.44 (22.92%) BUY BIMB Price Target News


Price Target Research Article/News (past 6 months)
29/11/2022  KENANGA Hap Seng Plantations - Easier Cost Expectation Post Briefing
29/11/2022  HLG Hap Seng Plantations - Expect Output Recovery From FY23
24/11/2022  AmInvest Hap Seng Plantation - Hit by higher production costs in 3QFY22
11/11/2022  KENANGA Plantation - Softening Production Ahead
10/11/2022  BIMB MPOB Monthly Statistics October 2022 - End-stocks to Remain Elevated on Supply-Demand Concerns
08/11/2022  AmInvest Hap Seng Plantation - Minimum labour shortage
12/10/2022  KENANGA Plantation - Inventory Is Seasonally Peakish
14/09/2022  KENANGA Plantation - 2QCY22 Results Review: Lacklustre Quarter
13/09/2022  KENANGA Plantation - High Inventory on Surprisingly Peakish Output
12/09/2022  BIMB Plantation - MPOB Monthly Statistics August 2022 End-stocks Hit Above 2.0mn Tonne Psychological Mark
29/08/2022  HLG Hap Seng Plantations - Lower FFB Output Guidance
25/08/2022  KENANGA Hap Seng Plantations Berhad - Excellent 2Q, Better Interim Dividend
25/08/2022  HLG Hap Seng Plantations - Inline, Expect Weaker 2H22
25/08/2022  BIMB Hap Seng Plants - Supported by Higher Palm Products Price
25/08/2022  AmInvest Hap Seng Plantation - Affected by QoQ drop in FFB production in 2QFY22
13/07/2022  BIMB MPOB Monthly Statistics June 2022 - Over-supply of PO a Bane
24/06/2022  KENANGA Plantation - Resilient & Defensive
13/06/2022  KENANGA Plantation - May Output Flat But Export Strong
07/06/2022  BIMB Plantation - 1Q22 Earnings Review - A Quarter of Encouraging Results
26/05/2022  KENANGA Hap Seng Plantations Berhad - Above Expectations
26/05/2022  HLG Hap Seng Plantations - Boosted by Higher Palm Product Prices
26/05/2022  BIMB Hap Seng Plants - Riding on higher palm products price
26/05/2022  AmInvest Hap Seng Plantation - Realised CPO price was close to spot
11/05/2022  BIMB MPOB Monthly Statistics April 2022 - End-stocks increase 11.5% mom in April
28/04/2022  BIMB Plantation - Indonesia’s Export Ban Details
12/04/2022  KENANGA Plantation - Weaker Inventory on Strong Demand
05/04/2022  KENANGA Plantation - Selective Gems
10/03/2022  BIMB MPOB Monthly Statistics Feb 2022 - End-stocks fell on seasonally lower palm production cycle
24/02/2022  KENANGA Hap Seng Plantations - Sterling FY21, Dividends Surprise
24/02/2022  HLG Hap Seng Plantations - Boosted by Higher Palm Product Prices
24/02/2022  AmInvest Hap Seng Plantations - High leverage from pure exposure
11/02/2022  KENANGA Plantation - Poor January Production
11/02/2022  BIMB MPOB Monthly Statistics Jan 2022 - Palm oil end-stocks fell 3.9% mom to 1.55m tonnes
25/01/2022  Rakuten Hap Seng Plantations - New Projects Coming in
25/01/2022  KENANGA Hap Seng Plantations - Muul Hill Estate Sale Completed
11/01/2022  KENANGA Plantation - December Inventory Slipped MoM
29/12/2021  AmInvest Hap Seng Plant - Pure planter without Indonesian price discount
20/12/2021  BIMB Plantation Outlook 2022 - Victim of its own success
10/12/2021  BIMB MPOB Monthly Statistics Nov 2021 - Inventory eased on higher export and lower production
02/12/2021  KENANGA 3QCY21 Results Review - Fat Tails
02/12/2021  BIMB Plantation Sector - 3Q21 Results Review



  6 people like this.
 
Johnzhang Strong rebound maybe in the making for this high dividend stock . Can expect about 20sen dividend this year .
28/06/2022 4:30 PM
ctooi51 Haha.. No one is looking at this rubbish stock with rubbish operator
30/06/2022 11:41 AM
loneranger All IB, where are you when we need you the most?
01/07/2022 12:35 PM
ctooi51 One by one abandoned the rubbished ship....
01/07/2022 3:59 PM
loneranger Pity...all traders and retailers are slaughtered by IB...
02/07/2022 7:35 AM
Raymond Tiruchelvam calvin.... hos is it that you know exactly when steveccwong will write his comment and then you conveniently follow up next saying good work wong..... and write yours not just here but also elsewhere..... hmmmm
02/07/2022 7:58 AM
calvintaneng Raymond

My calculation is this

Last two qtr profits for hs plant 11 sen to 12 sen

About 45 sen annualised

At 60% dividend payoit from profit we may expect total 27 sen dividend for year 2022

Since we already received 17 sen profit can we at least expect another 8 to 10 sen dividend this August 2022. That will make a double digit dividend year
02/07/2022 7:15 PM
loneranger 11.79 EPS actually has been paid as final dividend for FY 2021. Normally first dividend paid in August (FY 2022) won't be attractive. However, I hope I am wrong.
04/07/2022 7:34 AM
loneranger 17 cents dividend paid is actually for FY2021. So, please don't mislead...
04/07/2022 7:42 AM
calvintaneng HS PLANT HAS 100,000 ACRES OF FERTILE PALM OIL IN SABAH

RECORD DIVIDENDS CAN BE EXPECTED

FARM LANDS OR PALM OIL: VIEWS FROM BILL GATES, JEFF BEZOS & WARREN BUFFET, Calvin Tan
https://sgx.i3investor.com/blogs/Jbhouseforsale/2022-07-05-story-h49563415-FARM_LANDS_OR_PALM_OIL_VIEWS_FROM_BILL_GATES_JEFF_BEZOS_WARREN_BUFFET_Cal.jsp
06/07/2022 12:02 AM
loneranger steveccwong said he collected total 91 cents dividend over the past 10 years. But the share price dropped more than RM 1.00 in less than 1 month. Hahaha.
06/07/2022 9:18 PM
calvintaneng Hs plant facts

Jan to March 2022 Ffb 136,300 tonnes

April & May Ffb 88,500 tonnes
about 65% and we await June figures now

April to June 2022 Cpo low Rm6000 to high of Rm7400 (average Rm6500)

Highest world record qtr
Since Hs plant more efficient to capture high spot price it's Aug 2022 results expected to be good

another handsome dividend can be expected
07/07/2022 1:48 PM
Keyman188 OMG...What is happening for CPO price !!!...

Foresee CPO will dip below 3000 within next 6 months...


IF CPO dip below 3000 what will happen for all planters ???...

wkwkwk...kekeke...hehehe...
07/07/2022 4:06 PM
loneranger All planters can expect handsome dividend as Calvintaneng mentioned. Haha.
08/07/2022 6:29 PM
calvintaneng PALM OIL COMPANIES WILL REPORT GOOD & FANTASTIC RESULTS IN AUGUST 2022, And Here a Brief Summary, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-07-10-story-h1626075079-PALM_OIL_COMPANIES_WILL_REPORT_GOOD_FANTASTIC_RESULTS_IN_AUGUST_2022_An

EXPECT ANOTHER GOOD DIVIDEND NEXT MONTH
10/07/2022 10:31 PM
calvintaneng Fcpo rebounded to Rm4,066!

hs plant = happily singing plant
19/07/2022 12:18 AM
Raymond Tiruchelvam ayoooo where got 4066..... only 3986 or so.... always over doing it
19/07/2022 3:32 AM
calvintaneng Good news

June export record breaking

top 3 are e&e, petroleum and palm oil

High record sale
high profits
great results
high dividend for hs plant coming
20/07/2022 3:42 PM
Effulgence https://klse.i3investor.com/web/blog/detail/extraordinaryyou/2022-07-24-story-h1626938054-HSPLANT_5138_Palm_Oil_No_Debts_No_Worries
24/07/2022 5:08 PM
loneranger HSPLANT has some publicity. The blogger mentioning HSPLANT may only be Calvin Tan.
24/07/2022 5:41 PM
calvintaneng HS PLANT

POTENTIAL HIGH DIVEND AGAIN

CASH IN HAND IS 7.3 SEN

EXPECTED PROFIT 13 SEN TO 15 SEN

DIVIDEND PAYOUT EXPECTED 8 SEN - 12 SEN OR MORE
27/07/2022 4:08 PM
calvintaneng HS PLANT SELLS SPOT

THIS QTR CPO AT RECORD RM6.552

ANOTHER RECORD DIVIDEND SOON

TOP 10 POWERFUL REASONS WHY PALM OIL BULL RUN WILL RESUME THIS AUGUST 2022, Calvin Tan

https://sgx.i3investor.com/blogs/Jbhouseforsale/2022-07-31-story-h49564404-TOP_10_POWERFUL_REASONS_WHY_PALM_OIL_BULL_RUN_WILL_RESUME_THIS_AUGUST_202.jsp
31/07/2022 6:58 PM
dlau8899 2.45, 2.55, 2.65
01/08/2022 2:59 PM
dlau8899 Target price 2.80
04/08/2022 12:44 PM
dlau8899 Going up
05/08/2022 2:52 PM
dlau8899 High dividend stock with coming good quarter result
05/08/2022 2:54 PM
loneranger This few days we will know whether Calvin is sifu or Abhigya Anand...
21/08/2022 1:14 PM
i3gambler My way of evaluating plantation companies,
by comparing EV (enterprise value) of their planted oil palm estates.

My formula may be a bit different from others.
EV = market cap + total liabilities - current assets - other non-related business.

For TSH,
EV = 2214m
Planted oil palm estate = 42,495 ha, 15% in Sabah, 85% in Indonesia.
Therefore, EV / ha = RM52,111 / ha

For HSPLANT,
EV = 1761m
Planted oil palm estate = 35,434 ha, 100% in Sabah,
Therefore, EV / ha = RM49,708 / ha

As I know, the market price for planted oil palm estate in Sabah is around RM80,000.
So HSPLANT is cheap.
But for Indonesia, I do not know the market price / ha.
It is better not to take risk, I think HSPLANT is the better choice.

One more important thing,
HSPLANT has a 60% dividend policy,
I estimate the EPS this year would be 36 sen, or dividend = 60%*36 sen = 21.6 sen.
Meaning after collecting the 21.6 sen dividend, the EV / ha would be even cheaper.
21/08/2022 4:01 PM
calvintaneng Happy morning all at Hs Plant

This Qtr results include CPO at highest Rm6,552

Hs Plant sells spot best

Another dividend on the way!
22/08/2022 8:49 AM
dutatrop ngu ngia boh?.. LOL
23/08/2022 9:40 AM
i3gambler I expect EPS for 2nd Q = 9.6 sen, excluding any one off gain / loss.
23/08/2022 4:18 PM
loneranger Everybody know dividend is coming. Amount does matter.
24/08/2022 3:28 PM
loneranger Abhigya Calvin Anand...
24/08/2022 5:09 PM
ctooi51 5sen lah...
24/08/2022 9:47 PM
calvintaneng Hs Plant

Profit up YoY

Dividend this Qtr 5 sen add up to 20.5 sen for the year

Hs Plant has Rm560 Millions Cash or about 70 sen

A ROCK SOLID COMPANY BETTER THAN BANK FD

JUST PARK MONEY HERE FOR HANDSOME DIVIDEND
24/08/2022 9:51 PM
i3gambler With good profit, the balance sheet improve further,
Therefore, EV / planted ha reduce further to = RM46,213 / planted ha.

Calculate the other way round, suppose the planted estate worth RM80,000 / planted ha,
Then the fair price of HSPLANT = RM3.75,
Fair price / market price = 3.75 / 2.23 = 168%.
25/08/2022 8:34 AM
loneranger Share market does not have ''fair value'', "intrinsic value"...such things.
25/08/2022 9:29 AM
i3gambler It is just how you call it.
Investment banks do provide price targets.
25/08/2022 11:18 AM
calvintaneng there are two values

value set by Mr Market

Value set by real valuers

only way to determine real value is how much it's intrinsic value is

assets plus it's total business enterprize value

just like Klk willing to pay Rm3.10 to take over Ijmplant when it was Rm2.20
25/08/2022 2:36 PM
Johnzhang As at 25/8/22, CPO fob Malaysia was usd1,069/mt. SBO ex Rotterdam was usd1,655/mt. CPO is cheaper ridiculously by usd586/mt !
When CPO stock pressure ease in Indonesia soon , the price gap should narrow to usd200/mt with CPO price potentially increase by usd386/mt or RM1,700/mt. This shall bring CPO back to around RM6,000/mt.
SBO price has little chance to go down with weather havoc in Europe, China and U.S.
27/08/2022 9:40 AM
Johnzhang Chicago soybean futures rose past $16 per bushel in late August, the highest in over two months, amid concerns of poor growing conditions in the US and higher import demand from major consumer China. Heatwaves in the American Midwest hampered the supply outlook on the current crop, as weather forecasts still do not favor clear indications of rain for the coming days. In the meantime, record-setting heatwaves for multiple Chinese regions damaged the incoming crop, driving grain traders to enter international soybean markets.
27/08/2022 9:41 AM
Johnzhang EPS 2Q. 8.37sen
EPS 1H. 21.08sen
Forecast FY22. 35sen
Base on dividend policy of 60% payout , total dividend FY 2022 shall be 21sen. DY = 9.2%!!
Prospect PE is only 6.5x.
27/08/2022 9:49 AM
NatsukoMishima Glove 2.0 ! Later all farmer will sell at net loss cost when ASP drop to below rm 2500 per tonne at year end !
26/09/2022 1:47 PM
loneranger Hahaha, still want to wait for next dividend?
28/09/2022 7:36 AM
ctooi51 Lau Sai Kor..
28/09/2022 11:02 AM
NatsukoMishima Glove 2.0 coming , run right now , cut loss to protect capital , dont repeat the same mistake by glove tards , u will be trap by many years !

28/09/2022 4:04 PM
Abidjan METMalaysia forecast heavy rains & thunderstorms in West Malaysia states. Plantations in west Malaysia affected but plantations elsewhere OK.
05/10/2022 2:16 PM
StartOfTheBull Flood pushes CPO price up. Don't play play.
20/10/2022 9:25 AM
loneranger Calvin is missing in action...hahaha.
24/11/2022 7:04 PM
PureInvest The not so good performance of Hsplant is temporary, but it has more than RM498M in bank with no borrowings.
Nothing is lost, keep investing when the share price is low.
29/11/2022 7:38 PM

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