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Shariah
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KMLOONG (5027) : KIM LOONG RESOURCES BERHAD
CNY2012
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Posts: 111
Joined: Dec 2011		 01 Jan 2012, 04:19 AMPost #1
This is a growing plantation stock also. Hope it can give more dividend this year.
ILoveDividend
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Posts: 521
Joined: Dec 2011		 08 Jan 2012, 11:01 AMPost #2
I am interested to KMLOONG also, anyone know where is their plantation area? Please share if you have any good article for KMLOONG. Thanks...
Mike
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Joined: Dec 2011		 08 Jan 2012, 11:30 AMPost #3
Plantations in Johore and Sarawak.
ILoveDividend
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Joined: Dec 2011		 08 Jan 2012, 12:03 PMPost #4
Plantations in Johore and Sarawak.Mike @ 08 Jan 2012, 11:30 AM
Mike,

Looks like you are plantation kaki, you are very familiar to plantation counter in malaysia. Thanks for sharing. Any idea why KMLOONG's business suddently jump this year, is it because of their palm oil tree are getting mature now?drool
Mike
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Joined: Dec 2011		 08 Jan 2012, 10:16 PMPost #5
Just for the info : KMLOONG and CRESNDO( good stock too) are both under the same boss.
ILoveDividend
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Joined: Dec 2011		 09 Jan 2012, 09:08 AMPost #6
Just for the info : KMLOONG and CRESNDO( good stock too) are both under the same boss.Mike @ 08 Jan 2012, 10:16 PM
Yeah..Both companies are under same boss and this guy is really doing a good job.
Cresndo is one of few property counter that able to post a better result.
thumbup
airasia
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Posts: 46
Joined: Dec 2011		 13 Jan 2012, 01:08 AMPost #7
Platation acrage: Sabah = 11948ha; Swk = 2456ha; Jhr = 1093ha. New acq estate Sri Aman 10471ha.
FFB yld 17.5MT/ha (with 3yr avg margin ~11%, translated to breakeven at CPO RM1200/MT)

Like with:
- increasing plantation acreage 5000ha new plantable land with 20% pa growing.
- higher FFB yld with 21% young tree entering into mature stage, target to reach 20.1MT/ha
- MACD to crossover, to maintain P/E at 7.5x (price correction today bring RSI to below 70)
- BMD CPO Futures stay strong above RM3100.
- objective to boost KLR become medium size plantation company with market cap RM1b (translate to share price ~ RM3)
- high milling OER ~24% with successful solvent extraction tech (now with PKO plant at K.Tinggi)

Look for concern at:
- Yield: worse-than-expected seasonal low FFB yld march onwards (declining at Sabah)
- Demand: declining import from China, India, Euro (high futures vs ex-rate USD/Eur)
- Competition: Indonesia palm oil products (olein) ceiling tax cut to 13% from 25%.
- Liquidity: No further plan after 2008 2:5 bonus issue.
ILoveDividend
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Joined: Dec 2011		 13 Jan 2012, 09:03 AMPost #8
Platation acrage: Sabah = 11948ha; Swk = 2456ha; Jhr = 1093ha. New acq estate Sri Aman 10471ha.
F...airasia @ 13 Jan 2012, 01:08 AM

Hi Airasia,

Thanks for sharing. Very good info. thumbup
I am looking at KMLOONG also and waiting for correction. Just to add on, it has been giving out at least 60% of its net profit for pass 3 years. So, if this maintain, this year may get around 20 cents assume another 4 cents for its Q4 of FY2012's EPS.
airasia
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Joined: Dec 2011		 15 Jan 2012, 05:29 PMPost #9
Q412 EPS 4cents ?

Q4 production data recorded strong double digit yoy growth:
- FFB +46%
- CPO +31%
- PK +33%

Q4 11 Q3 12 Q4 12
FFB/ MT 57133 77591 83320
CPO/ MT 42473 53616 55710
PK/ MT 9992 12914 13321

Average Local CPO (Oct-Dec2011) RM3080.

If KLR did not retain extra earnings for Short-term borrowings payable or other financing activities, Q412 EPS should in range of 8-10cents.

Calculated at low band 8cent, FY12 EPS is 25.11+8=33.11.
If payout ratio doestn't change at 63% (to FY10&FY11), FY12 total dividend is 20.86cents.

ILoveDividend
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Joined: Dec 2011		 15 Jan 2012, 05:36 PMPost #10
Q412 EPS 4cents ?

Q4 production data recorded strong double digit yoy growth:
- FFB +46%<...airasia @ 15 Jan 2012, 05:29 PM

Ops.. My bad. Typo error, i mean 7 cents which will then translate to 20 cents dividend also.

Thanks for correct me.notworthy
Are you holding any? You looks really study hard on this counter.
I think KMLOONG is the most undervalue plantation stock in KLSE based on PE.
Hope i can get it soon..wub
airasia
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Posts: 46
Joined: Dec 2011		 17 Jan 2012, 10:38 PMPost #11
nothing big deal, just in case error in your calculation.

research not only this counter, but generally potential and future of m'sia palm oil sector.

not owning this counter, my investment is straight forward on investors' total return (profitability &amp; growth).

KLR still a small size plantation company, with good progressive activities. But if KLR rank on my guideline on P&G index (investors' ROI, cash return, EPS CAGR, P value over period, ...etc), it is still far from good.

My invest are only 2 best return counters: KLK &amp; BAT.

Anyhow, investment philosophy is on individual preference.
ILoveDividend
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Joined: Dec 2011		 18 Jan 2012, 10:35 AMPost #12
nothing big deal, just in case error in your calculation.

research not only this counter, but...airasia @ 17 Jan 2012, 10:38 PM

Woh...Your investment philosophy is so high requirement. KLK and Bat are 5 stars stock, and definetely a good counter.

But i prefer small cap counters which is below RM3.00 which have more upside.
Btw, what is the expected dividend from KMLOONG?

Based on my study, they are given out almost 60% of their net profit for pass few year, so i am expecting around 20 cents this year. wub
airasia
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Joined: Dec 2011		 19 Jan 2012, 02:11 AMPost #13
If payout ratio doestn't change at 63% (to FY10&FY11), KLR FY12 total dividend is 20.86cents.

Is up to personal objective of investment.

If KLR perform really outstanding, the best TP upside could be is 22% (which i think is impposible to achieve), will put the stock at ~ RM3 (gain RM0.56 based on today's price)

Low band performance KLK, is at 3% upside will return to investor RM0.744.
Last year avg KLK perform is at 8%, which correspond to ~RM2 gain in stock price.

For total return, RM2 gain is more value than 22%.
ILoveDividend
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Joined: Dec 2011		 19 Jan 2012, 09:30 AMPost #14
If payout ratio doestn't change at 63% (to FY10&FY11), KLR FY12 total dividend is 20.86cents.airasia @ 19 Jan 2012, 02:11 AM

mmm... A bit confuse here. Why RM2 gain from KLK (RM24) is better than RM0.56 gain from KMLOONG (RM2.44)?

KLK return = 8%
KMLOONG return = 22%

KMLOONG has better return, no?star
gen_hwang
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Posts: 90
Joined: Dec 2011		 19 Jan 2012, 12:01 PMPost #15
let me see if i understand airasia's rationale sweat

1. an RM2 increase is bigger than a RM0.56 increase in absolute terms.
2. based on 1000 units, RM 2 gives you a RM2000 value while RM0.56 gives you a RM560 value.
3. an RM2 increase (8%) is more likely than a RM0.56 increase (22%).

it's the probable versus improbable. and that is airasia's investment objective.
airasia
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Posts: 46
Joined: Dec 2011		 11 Mar 2012, 12:44 AMPost #16
Briefing summary at Palm and Lauric Oils Conference & Exhibition Price Outlook (POC) conference 2012:

- crude palm oil futures on bullish outlook
- prices would hit RM4,000 by the end of June due to low palm oil output cycle, strong demand from India in peak summer months and stocking by Muslim countries ahead of the fasting month.
- technical mixed for resists fall below support RM3,218 per MT


Palm oil price on Wed Mar 7, 2012 10:00am GMT

Contract Month Last Change Low High Volume
MY PALM OIL MAR2 3250 +33.00 3208 3287 118
MY PALM OIL APR2 3275 +38.00 3224 3280 1958
MY PALM OIL MAY2 3266 +22.00 3224 3274 12857
kkchong
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Joined: Jan 2012		 12 Mar 2012, 09:31 AMPost #17
Briefing summary at Palm and Lauric Oils Conference & Exhibition Price Outlook (POC) conference ...airasia @ 11 Mar 2012, 12:44 AM

Plantation counters will rocket high if crude palm oil hit RM4,000. yeah
airasia
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Posts: 46
Joined: Dec 2011		 28 Mar 2012, 12:23 AMPost #18
Q4 report expected this week.

Could be the best timing riding along:
- Malaysian CPO futures rose to fresh hight RM3485 per MT.
- Plantation stock be the highlight among KLSE counters as investor weighing on improved world economic data released and sustainable pre-election sentiments.
LCCHONG
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Posts: 385
Joined: Jan 2014		 27 Jun 2014, 10:39 PMPost #19
KMLOONG analysis - http://lcchong.wordpress.com/2014/06/27/kmloongfundamental-analysis-27-jun-2014/
LCCHONG
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Joined: Jan 2014		 20 Jul 2014, 10:10 PMPost #20
KMLOONG analysis - https://lcchong.wordpress.com/2014/07/20/kmloong-fundamental-analysis-20-jul-2014/
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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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