Company Overview and News

To sell or not to sell?

Late Friday last week, little known Pinehill Pacific Bhd (formerly known as Multi Vest Resources Bhd, which by the way was formerly known as Best World Land Bhd) surprised the market with the announcement that it was parting with nearly 9,000 acres of landbank and related plantation assets held via three subsidiary companies to United Plantations Bhd (UP) for a whopping sum of RM413.6mil.
2038 5138 1996 UPBMF 4383 7501 1902 2089 5112

Demand for CPO expected to pick up towards 4Q of 2018

2018-09-14 theedgemarkets
Plantation sector Maintain neutral: Malaysia’s crude palm oil (CPO) production increased for a second straight month in August, rising by 7.9% month-on-month (m-o-m) to 1.62 million tonnes. The fresh fruit bunch (FFB) yield also improved across Peninsular Malaysia, Sabah and Sarawak, rising by 8.7%, 3.2% and 12.6% year-on-year (y-o-y) respectively to 1.38 tonnes/ha, 1.28 tonnes/ha and 1.52 tonnes/ha.
KLKBY 2445 5138 2216 4383 2291 4243 5012

IJM Corp sees lower FY19 order book replenishment

2018-08-29 theedgemarkets
KUALA LUMPUR: Builder and property developer IJM Corp Bhd expects a lower order book replenishment in the current financial year ending March 31, 2019 (FY19) as it already secured some of the jobs in FY18.
KLKBY 2445 5138 2216

Hap Seng Plantations warns of lower FY18 earnings as 2Q profit slumps 85%

2018-08-28 theedgemarkets
KUALA LUMPUR (Aug 28): Hap Seng Plantations Holdings Bhd's net profit for the second quarter ended June 30, 2018 (2QFY18) slumped 85% to RM3.94 million from RM26.31 million a year ago, on lower revenue as a result of lower average selling prices and sales volume of crude palm oil (CPO) and palm kernel (PK).

IJM Corp remains committed to plantation unit amid speculation of possible disposal

2018-08-28 theedgemarkets
KUALA LUMPUR (Aug 28): IJM Corp Bhd today described as “mere speculation” news reports that the group has received offers to acquire its 56% stake in IJM Plantations Bhd.
KLKBY 2445 5138 2216

IJM Plantations up 9.78% after reported as takeover target

2018-08-07 theedgemarkets
KUALA LUMPUR (Aug 7): IJM Plantations Bhd gained as much as 22 sen or 9.78% to a six-month high of RM2.47 in early trade today after a news report cited the company as a takeover target.
5138 2216

IJM Plantations a target, cash-rich IOI leading suitor

High demand: Among the suitors eyeing IJM Plantations, which has 61,000ha of planted area in Sabah, Kalimantan and Sumatra, are plantation groups such as IOI and Hap Seng Plantations.
5138 1996 2216 5254

Getting a grip on Hap Seng Plantations’ aborted Kretam deal

In the hey days of the market in the 1990s, public viewing galleries will cheer every time when they see Kretam Holdings Bhd ’s (Kretam) share price move along with other market darlings of the yesteryear. They would say in the Malay language, “Ketam mari, Ketam mari”, as in the stock is having an upward run and it’s time to “jump in.”
5138 1996

Kretam stake buy cancellation a positive for Hap Seng Plantations

2018-06-20 theedgemarkets
Hap Seng Plantations Holdings Bhd (June 19, RM2.21) Upgrade to market perform with a higher target price (TP) of RM2.15: Hap Seng Plantations Holdings Bhd announced that it had terminated its share sale agreement to acquire 55% of Kretam Holdings Bhd from Datuk Lim Nyuk Sang @ Freddie Lim and Santaprise Sdn Bhd after finalising its due diligence process and finding the results “unsatisfactory and unacceptable”.
5138 1996

Kretam rebounds after hitting limit down

2018-06-19 theedgemarkets
KUALA LUMPUR (June 19): Kretam Holdings Bhd’s shares rebounded and was among the top five most actively traded stocks on Bursa Malaysia today after hitting limit down yesterday.
5138 1996 BSMAF 1818

Kretam rebounds from share sell down, rises 4.3%

KUALA LUMPUR: Kretam Holdings Bhd , which saw its share price almost halve after Hap Seng Plantations Holdings Bhd dropped its RM1.18bil takeover bid, has rebounded in early trade Tuesday.
5138 1996

Kretam tanks as RM1.18b deal scrapped

2018-06-19 theedgemarkets
KUALA LUMPUR: Kretam Holdings Bhd’s share price yesterday sank to its lowest since September 2015 with some half a billion ringgit worth of market capitalisation wiped out in a day, after Hap Seng Plantations Holdings Bhd called off a plan to take up a controlling 55% stake in the company.
5138 1996

Stock With Momentum: Hap Seng Consolidated

2018-06-18 theedgemarkets
Hap Seng Consolidated Bhd (+ve) TRADING of the shares in Hap Seng Consolidated Bhd (fundamental: 1.3/3, valuation: 1.3/3) triggered our momentum algorithm last Thursday for the first time this year. The group saw 937,700 shares traded.
5138 1996 3034

Kretam slumps to near three-year low; short selling suspended

2018-06-18 theedgemarkets
KUALA LUMPUR (June 18): Kretam Holdings Bhd's stock price nosedived in early trade today to its lowest since September 2015, after its plans to sell a 55% stake to Hap Seng Plantations Holdings Bhd had been called off.
5138 1996 BSMAF 1818

Kretam stock plunges as Hap Seng Plantations drops its takeover bid

KUALA LUMPUR: Kretam Holdings Bhd ’s shares fell over 35% in early trade, on news that Hap Seng Plantations Holdings Bhd had dropped its RM1.18bil takeover bid.
5138 1996 BSMAF 1818

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