Company Overview and News
KUALA lUMPUR: IJM Corp Bhd , Gabungan AQRS Bhd , Hock Seng Lee and Sime Darby are among the stocks to watch on Wednesday, according to JF Apex Research. (7-0)
Boustead Plantations vice chairman Tan Sri Lodin Wok Kamaruddin said the nine-month financial results were due to gains realised from disposal of land while earnings were supported by better selling prices for palm products.
Yap: Just wait until the next extraordinary general meeting to get more details on the potential new businesses.
MarketWatch: A jump in shares of consumer companies Mondelez and Kellogg after their quarterly reports on Tuesday, along with further gains for tech stocks, helped Wall Street end October on a positive note. The DJIA rose 28.5 points, or 0.12%, to 23,377.24, the S&P 500 gained 2.43 points, or 0.09%, to 2,575.26 and the Nasdaq Composite added 28.71 points, or 0.43%, to 6,727.67. - Reuters (268-0)
Analysts said this adding that in the near term, Boustead Plantations would need to monetise more of its estates in Peninsular Malaysia to supplement its income and sustain its dividend payouts.
MarketWatch: Wall Street pulled back from record-high territory on Monday, weighed down by a drop in Merck shares and a report that US lawmakers are discussing a gradual phase-in of much-anticipated corporate tax cuts. The DJIA fell 85.45 points, or 0.36%, to 23,348.74, the S&P 500 lost 8.24 points, or 0.32%, to 2,572.83 and the Nasdaq dropped 2.30 points, or 0.03%, to 6,698.96. - Reuters (79-0)
The Boustead Plantations group operates 13 estates and four palm oil mills in Sabah, with a total plantation land of 29,482ha. Their yield, at 16.6 tonnes per ha last year, is more than double that of the estates being acquired from DutaLand.
WHILE Tenaga Nasional Bhd’s (TNB) results for the nine months of financial year 2017 (9MFY17) were below expectations, it is unlikely to raise a major concern as its cause is non-recurring due to the reversal of interest income on the power purchase agreement (PPA) savings, according to Maybank Investment Bank (IB) Research.
Industry expert M.R. Chandran said the current preference for brownfields among big plantation companies are mostly due to major changes in the global oil palm sustainability requirement scene. “Strict moratorium imposed on new oil palm planting in Indonesia as well as the EU Parliament’s latest call for a single Certified Sustainable Palm Oil scheme for Europe-bound palm and other vegetable oil exports are putting off local planters’ interest to develop new oil palm cultivation on greenfields,” he told StarBiz recently.
KUALA LUMPUR (April 10): Shares of several plantation counters fell in early trades today, weighed down by lower crude palm oil (CPO) price and possible higher production.
Workers load palm fruits onto a truck at a plantation in the Luwu district of Indonesia's South Sulawesi province, August 11, 2009. – Reuters picKUALA LUMPUR, March 27 — The growth in palm oil exports, coupled with higher crude palm oil (CPO) prices and increasing global demand for the edible oils, would bode well for Boustead Plantations Bhd.
KUALA LUMPUR (Feb 15): Based on corporate announcements and news flow today, companies that will be in focus tomorrow (Thursday, Feb 16) may include: Heineken Malaysia Bhd, Boustead Plantations Bhd, Berjaya Land Bhd (BLand), Gas Malaysia Bhd, RCE Capital Bhd, Wah Seong Corp Bhd, Wong Engineering Corp Bhd and Dagang NeXchange Bhd (DNeX).
Boustead Plantations Bhd’s pre-tax profit for the financial year ended Dec 31, 2016 rose to RM276.08 million. — Reuters picKUALA LUMPUR, Feb 15 — Boustead Plantations Bhd pre-tax profit for the financial year ended Dec 31, 2016 (FY16) rose to RM276.08 million from the RM95.10 million achieved in FY15.
KUALA LUMPUR: The Federal Land Development Authority (Felda) has confirmed that the Rajawali Group has secured the Indonesian authorities’ approval to sell a non-controlling stake in Indonesian palm oil company PT Eagle High Plantations Tbk for US$505.4 million (RM2.24 billion) to Felda.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton