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Overview
Financial Highlight
HeadlinesBusiness Background Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in the planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. Majority of the group sales were local delivered sales to refiners within Malaysia.
  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 Effulgence https://klse.i3investor.com/web/blog/detail/extraordinaryyou/2022-07-24-story-h1626938054-HSPLANT_5138_Palm_Oil_No_Debts_No_Worries 24/12/2022 5:16 PM i3gambler Quarterly Report: 31st December 2012: Share Qty: 799.98m Share Price: RM2.82 Market Cap: 2256m Total Liability: 228m Total Current Asset: 196m Enterprise Value (EV) for Oil Palm Planted Area: =2256 + 228 - 196 = 2288m Total Oil Palm Planted Area: 35551ha EV per ha: RM64358 per ha ________________________________________________________________________________ Now, 10 Years Later: Latest Quarterly Report: 30th September 2022: Share Qty: 799.69m Share Price: RM1.86 Market Cap: 1487m Total Liability: 501m Total Current Asset: 684m Biological Asset: 42m Net Total Current Asset: 684 - 42 = 642m Enterprise Value (EV) for Oil Palm Planted Area: =1487 + 501 - 642 = 1346m Total Oil Palm Planted Area: 35434ha EV per ha: RM37986 per ha ________________________________________________________________________________ Discussion: 1) In 10 years time, the EV / ha reduced 59% from RM64358 to RM37986. 2) The market price (EV / ha) for Sabah Oil Palm is around RM80000. 3) Base on EV calculation, HSPLANT is very cheap. 4) The FFB production for Year 2012 is 665812mT. 5) Now, the current 12 months FFB production is 572351mT. 6) HSPLANT said the FFB production for Year 2023 would be 670000mT. 7) However, an analyst is less optimistic, and predicted 630000mT. 8) HSPLANT has 60% Dividend Policy, YTD, the EPS is 23.94sen, 9) Already paid 5sen Dividend, Can expect at least 23.94*0.6-5 = 9.36sen. 26/12/2022 9:11 AM i3gambler Now, Let say HAPSENG wants to take HSPLANT private or sell it off. 1) At market price, EV / ha = RM80000, Then the share price = (0.08*35434+642-501)/799.69 = RM3.72 / share. 2) At cheaper price, EV / ha = RM70000, Then the share price = (0.07*35434+642-501)/799.69 = RM3.28 / share. 3) At a very cheaper price, EV / ha = RM60000, (I think very unlikely that cheap) Then the share price = (0.06*35434+642-501)/799.69 = RM2.83 / share. 26/12/2022 10:13 AM loneranger The calculations are sound and clear, but not sure whether the Mr. Market buys it or not. 26/12/2022 11:47 PM  calvintaneng PALM OIL SOLID EARNINGS & DIVIDENDS WILL SEE US THROUGH UNCERTAIN YEAR OF 2023, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-12-27-story-h-302762800-PALM_OIL_SOLID_EARNINGS_DIVIDENDS_WILL_SEE_US_THROUGH_UNCERTAIN_YEAR_OF 27/12/2022 9:53 PM i3gambler https://klse.i3investor.com/web/blog/detail/savemalaysia/2023-01-04-story-h-301980358-Undervalued_small_and_medium_cap_plantation_firms_potential_M_A_targets In the above article, Maybank IB said a notable privatisation candidate is Hap Seng Plantations Holdings Bhd, as it trades at an attractive EV of RM33,255 per planted hectare, a P/BV of 0.81 times, and with net cash of 54 sen per share. _______________________________________________________________________ 1) Guess the possible offer prices and EV/ha. HSPLANT was listed in 2007, the retail and institutional IPO prices were RM2.65 and RM3.05. Let say HAPSENG now offer to buy back at RM3.05, Then the EV/ha = (3.05*799.69m +501m - 642m) / 35434ha = RM64900/ha, Still 19% cheaper than the market price of RM80000/ha in Sabah. However, the offer price RM3.05 is already 58% higher than market price of RM1.93. Retail investors should welcome such offer. _______________________________________________________________________ 2) HAPSENG afford to offer so or not? They are now holding 556m HSPLANT shares, Meaning there are only = 799.69m- 556m = 243.69m shares not owned by HAPSENG. Therefore the amount required = 3.05*243.69m = 743m Look at HAPSENG latest balance sheet, they have about 3000m cash and money market. HAPSENG definitely can afford to privatize HSPLANT. Then HSPLANT has cash and money market of 499m. After fork out 743m, then get back whole lot of 499m, the net flow out is only 244m. 244m is chicken feed for HAPSENG. 05/01/2023 10:25 AM PureInvest Good analysis and let's see how much dividends we shall get soon. Hsplant has always been my favorite share held for long time. 05/01/2023 8:47 PM eeq4311111 Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513 Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR Visit his website https://herbalhome247.wixsite.com/mysite OR WhatsApp/Call him with this Phone Number: +2348078467513 He also have difference cure for any sickness and disease (1) HERPES, (2) DIABETES, (3) HIV&AIDS, (4) URINARY TRACT INFECTION, (5) HEPATITIS B, (6) IMPOTENCE, (7) BARENESS/INFERTILITY (8) DIARRHEA (9) ASTHMA. ETC 05/01/2023 8:52 PM eeq4311111 Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513 Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR Visit his website https://herbalhome247.wixsite.com/mysite OR WhatsApp/Call him with this Phone Number: +2348078467513 He also have difference cure for any sickness and disease (1) HERPES, (2) DIABETES, (3) HIV&AIDS, (4) URINARY TRACT INFECTION, (5) HEPATITIS B, (6) IMPOTENCE, (7) BARENESS/INFERTILITY (8) DIARRHEA (9) ASTHMA. ETC 05/01/2023 8:52 PM eeq4311111 Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513 Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR Visit his website https://herbalhome247.wixsite.com/mysite OR WhatsApp/Call him with this Phone Number: +2348078467513 05/01/2023 8:56 PM calvintaneng Hs plant Last 3 qtrs ffb improved alot High cash of rm498 millions will benefit from high bank int rate At 20.5 sen dividend yield is 10% 09/01/2023 10:04 AM calvintaneng High ffb benefits upstream more like hs plant, Tsh, jtiasa, thplant and bplant and Taann Hs plant has 62.25 sen cash Dividend will be good 09/01/2023 10:07 AM i3gambler https://klse.i3investor.com/web/staticfile/view/485420 Today KENANGA maintain giving target price 2.50 to HSPLANT. 11/01/2023 1:37 PM calvintaneng Ignore Time wasters Next month we will see another generous dividend payout by Hs plant 28/01/2023 7:07 PM calvintaneng FCPO Now Over Rm3900 {Hs Plant is Rspo therefore sell higher) https://www.tradingview.com/symbols/MYX-FCPO1!/ Cost of Cpo production Rm1800 - Rm2,000 Good profit margin of Rm1900 to Rm2000 Very good dividends can be expected 14/02/2023 12:45 PM calvintaneng hs plant highest safety plant Zero debt Cash Rm490 million Earns best by spot sale premium price by Rspo Good dividend plan Rock solid stock can sleep well every night holding this highest safety plant 20/02/2023 9:34 AM calvintaneng https://www.tradingview.com/symbols/MYX-FCPO1%21/ Excellent rebound up Now FCPO Rm4190 Cost as low as Rm1800 per ton due to Fertilizer price crashed by almost 80% & return of fruit hartesters Gross profit over 100% Palm oil is the most profitable industries now 20/02/2023 1:06 PM calvintaneng Beautifully up Rotationally up all palm oil shares in their turns one by one 21/02/2023 11:41 AM i3gambler @joerakmo, The market price for Sabah oil palm estate is around 80K / ha. Can refer to a few transactions announced in bursamalaysia.com, For example KIMLOONG bought at 80K. 21/02/2023 12:02 PM calvintaneng Loneranger Dividend is out 7 sen Could be more Hs plant net cash now Rm505 million or more than 63 sen a share..since debt free it could certainly give a higher dividend Unless it is looking to buy more palm oil estates by conserving cash 22/02/2023 7:14 PM Healthy EPS=26.3sen ,dividend policy 60% should be 26.3 x 60%=15.78sen(AUG declared 5sen) ,should be another 10.78sen .....why only 7sen???....am i right?? 22/02/2023 9:03 PM joerakmo @healthy You are absolutely right especially when they have stated dividend policy of 60%. Shareholders should write in to the company. 22/02/2023 9:14 PM calvintaneng Correct loh! Ask for more dividends due to shareholders Next dividend will be August 2023 and better give as promised 22/02/2023 10:05 PM calvintaneng FCPO REBOUNDING ABOVE RM4000 BY STRONG FUNDAMENTAL WILL SEE PALM OIL BULL RUN RESUMPTION, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-02-23-story-h-297401319-FCPO_REBOUNDING_ABOVE_RM4000_BY_STRONG_FUNDAMENTAL_WILL_SEE_PALM_OIL_BU 7 sen dividend for now Still got more coming in Aug 2023 23/02/2023 11:07 PM loneranger Take profit when you think necessary. Don't be cheated by so called sifu or analyst. Share price is irrational. Haha. 25/02/2023 12:03 AM calvintaneng FORMATION OF PALM OIL PACK: INDONESIA, MALAYSIA & THAILAND FOLLOWS FORMATION OF OPEC NATIONS TO PROSPERITY, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-03-04-story-h-296477637-FORMATION_OF_PALM_OIL_PACK_INDONESIA_MALAYSIA_THAILAND_FOLLOWS_FORMATIO 04/03/2023 2:48 PM loneranger HL Bank Research highlights "Management indicated that dividend payout ratio will revert back to its normalised payout ratio of ~60% from FY23." I really wonder the management credibility, why the dividend policy can be manipulated so easily. 11/03/2023 11:05 AM loneranger The management is not gentlemen and trustworthy indeed, simply adjust the payout ratio when knowing that they are going to pay more dividend due to good earning. 11/03/2023 11:22 AM calvintaneng Yes I think Hs Plant been giving good dividend Now Cash is Rm505 Millions or Cash is 63 sen per share Can give a Better Dividend by Aug 2023 qtr Go call up Hs Plant Office and request a better dividend Please do ask them politely & remember to complement them for such good level of Cash position now 22-Feb-2023 08-Mar-2023 DIVIDEND Second Interim Dividend RM 0.0700 24-Aug-2022 08-Sep-2022 DIVIDEND First Interim Dividend RM 0.0500 23-Feb-2022 09-Mar-2022 DIVIDEND Second Interim Dividend RM 0.1550 24-Aug-2021 08-Sep-2021 DIVIDEND First Interim Dividend RM 0.0150 24-Feb-2021 10-Mar-2021 DIVIDEND Second Interim Dividend RM 0.0550 26-Aug-2020 10-Sep-2020 DIVIDEND First Interim Dividend RM 0.0150 24-Feb-2020 09-Mar-2020 DIVIDEND Second Interim Dividend RM 0.0200 28-Aug-2019 12-Sep-2019 DIVIDEND First Interim Dividend RM 0.005 26-Feb-2019 11-Mar-2019 DIVIDEND Second interim dividend RM 0.01 28-Aug-2018 12-Sep-2018 DIVIDEND First Interim Dividend RM 0.015 27-Feb-2018 12-Mar-2018 DIVIDEND Second interim dividend RM 0.06 23-Aug-2017 07-Sep-2017 DIVIDEND First Interim Dividend RM 0.05 22-Feb-2017 07-Mar-2017 DIVIDEND Second interim dividend RM 0.08 24-Aug-2016 07-Sep-2016 DIVIDEND First Interim Dividend RM 0.03 11/03/2023 11:40 AM loneranger 03-21725228, this is the number. Any volunteer to call HS Plantation office? 11/03/2023 1:23 PM calvintaneng With 63 sen cash in hand now Hs plant at Rm1.82 after less 63 sen cash is now selling at below Rm1.20 this debt free cash rich co is a tsunami shelter from crisis 16/03/2023 10:24 PM  | |
