HAP SENG PLANTATIONS HOLDINGS BERHAD

First Interim dividend of 3 sen per ordinary share of RM1.00 each under the single-tier system

EX-date 30/08/2013
Entitlement date 03/09/2013
Payment date 18/09/2013

Potential winners from Indonesia’s 100k ha plantation rule

Plantation groups that have little exposure in Indonesia are potential winners as the Indonesian government imposes the maximum 100,000 ha rule.

Potential winners are IOI Corp Bhd, Felda Global Ventures Bhd, Genting Plantations Bhd, Sarawak Oil Palms Bhd, TH Plantations Bhd, Ta Ann Holdings Bhd and TSH Resources Bhd.

Potential losers are Sime Darby Bhd, Kuala Lumpur Kepong Bhd, Wilmar International, Astra Agro and London Sumatra. This is because these firms have exceeded the 100,000 ha limit for oil palm plantations and own limited plantable reserves.

“Nonetheless, these players have the opportunity to pursue new planting in Papua and other countries like Papua New Guinea and Africa,”

The limit in Papua (former Irian Jaya), one of the least developed islands in Indonesia, is doubled to 200,000 ha.

Ahead of Indonesia’s 2014 election, the government has limited the size of oil palm estates owned by a plantation groups to 100,000 ha effective Oct 2, 2013.

Yet some believe that the rule could be overturned next year if a new government with a different aspiration comes to power.

there is lack of clarity as to whether plasma estates should be included in the 100,000 ha rule.

Technically, companies merely manage plasma estates on behalf of smallholders or cooperatives and have no legal rights to plasma estates compared to nucleus estates.

If plasma estates are included in the 100,000 ha calculation, a plantation group will only have an effective 80,000 ha of nucleus estates as 20% of new planting will need to be allocated for plasma requirements.

KLK to acquire two palm oil firms worth RM67.7m

Kuala Lumpur Kepong Bhd (KLK) has entered into an agreement with Biopalm Energy Ltd (BEL) of Singapore to acquire the latter’s interests in Liberian Palm Developments Ltd (LPD) and Equatorial Palm Oil Plc (EPO) for RM67.7 million cash.

In a filing with Bursa Malaysia yesterday, KLK said it has proposed to acquire 50% equity interest in LPD and 20.1% stake in EPO. The agreement also involves the assignment of BEL’s loans of US$608,000 (RM1.9 million) to LPD.

EPO is listed on the Alternative Investment Market of the London Stock Exchange, while LPD is incorporated in Mauritius.

LPD, which is also 50% owned by EPO, holds two 50-year concessions in Liberia to rehabilitate and develop oil palm plantations in the country totalling 25,547ha. A further 61,111ha is earmarked for future joint expansion with the local community under a proposed training and outgrower programme.

KLK has proposed to finance the acquisition through internally generated funds.

KLK said it has also entered into a loan agreement with LPD for a loan of US$2 million.

Additionally, KLK has entered into a deed of assignment of liabilities with EPO, whereby EPO would assign to KLK US$6 million of outstanding loans due to EPO from LPD, for a cash consideration of US$2 million.

A deed of assignment is a document relating to a letter of credit in which the beneficiary may assign all or a portion of the proceeds of the letter of credit to a third party.

These two agreements were proposed to provide funds for LPD’s immediate working capital requirements in relation to the development of LPD’s oil palm estates in Liberia.

EPO is a loss-making palm oil development company with operations in Liberia, while LPD is a joint-venture between EPO and BEL.

Sarawak State Financial Secretary acquires 23.14 million shares in Sarawak Oil Palms

The Sarawak State Financial Secretary (SFS) has acquired about 23.14 million shares in Sarawak Oil Palms Bhd (SOP) from a government-linked corporation (GLC).

The GLC is believed to be Pelita Holdings Bhd, which disposed of a similar amount of shares on Oct 22. Pelita Holdings has reduced its stake in the Miri-based oil palm company to 94.78 million units or 21.6%.

Pelita Holdings owned 124.59 million shares or 28.49% in SOP and was its second single largest shareholder as at May 7 this year, according to SOP’s annual report.

The single largest shareholder is Shin Yang Plantation Sdn Bhd, with some 126.3 million shares or 28.88%.

With the acquisition, SFS has upped its stake in SOP to about 28.81 million units or 6.8%, according to a filing with Bursa Malaysia yesterday.

SOP said in a separate filing that the group produced 97,664 tonnes of fresh fruit bunches (FFBs), 37,778 tonnes of crude palm oil (CPO) and 8,222 tonnes of palm kernel last month.

These figures were higher than 96,031 tonnes (FFBs), 34,929 tonnes (CPO) and 7,750 tonnes (palm kernel) recorded in September.

SOP expanded its oil palm estates to 63,261ha with an additional 506ha planted last year.

The group also replanted 219ha in 2012.

Of the total holdings, more than 18,100ha of the palms or 28.7% were immature while some 25,100ha of palms or 39.7% were young (four to 10 years), 15,000ha or 23.8% were prime (11-20 years) while the remaining nearly 5,000ha of the palms were aged 21 and above.

The group produced more than 887,000 tonnes of FFBs last year, the highest ever.

SOP owns six palm oil mills with a combined processing capacity of 495 tonnes per hour, and a palm oil refinery and kernel crushing plant in Bintulu.

GENTING PLANTATIONS BERHAD ("GENP" or "the Company")
UPDATE ON PROPOSED JOINT VENTURE FOR THE OIL PALM CULTIVATION IN KABUPATEN KETAPANG, PROVINSI KALIMANTAN BARAT, REPUBLIC OF INDONESIA ("JV")
- Proposed Re-organisation of JV Structure

http://www.bursamalaysia.com/market/listed...cements/1463449

TSH 3Q profit jumps 409% yoy to RM83m on Pontian sale

TSH Resources Bhd reported a net profit of RM83.2 million for the third quarter to September 2013 (3Q), registering an increase of 409% from RM16.3 million posted in similar quarter in the previous year.

But revenue for 3Q fell to RM219.3 million from RM260.4 million in the preceding year.

“The increase in profit was attributed to the gain on disposal of investment securities in Pontian United Plantation Berhad, higher crop production and higher contribution from the share of profit in the jointly controlled entities,” the company said.

For the cumulative 9 months, profits rose to RM120.4 million from RM46.0 million in the preceding year corresponding period.

Cumulative revenue for the nine months fell to RM738.1 million from RM 766.8 million.

“The board remains optimistic on the long term prospect of the palm oil industry and will continue to focus on oil palm planting programme in Indonesia while also actively exploring expansion opportunities in Malaysia,” said the plantation company.

SARAWAK OIL PALMS BERHAD

The disposal of part of Lot 120 Block 13 Bukit Kisi Land District

The Board of Directors of Sarawak Oil Palms Berhad (“SOP” or “the Company”) wishes to announce that on 22 November 2013, SOP had entered into a Sale and Purchase Agreement with SOP Properties Sdn Bhd (“SOP PROPERTIES” or “the Purchaser”) (Company No.558668-A) for the disposal of part of Lot 120 Block 13 Bukit Kisi Land District situated at 27th/28th Mile, Miri Bintulu Road, Miri (“LOT 120”), containing an area measuring approximately 30.655 hectares (“Sale Portion”).

This post has been edited by davinz18: Nov 22 2013, 06:51 PM

-deleted-

This post has been edited by davinz18: Nov 28 2013, 06:23 PM

okay, my mistake

CHIN TECK PLANTATIONS BERHAD

Special dividend of 17% less 25% taxation for the financial year ending 31 August 2014

First interim dividend of 13% less 25% taxation for the financial year ending 31 August 2014

EX-date 12/12/2013
Entitlement date 16/12/2013
Payment date 30/12/2013

This post has been edited by davinz18: Nov 29 2013, 05:58 PM

Sarawak Oil Palms 3Q profit falls 10% to RM39m

Sarawak Oil Palms Bhd's (SOP) net profit fell 10% to RM38.5 million in the third quarter ended September 30, 2013 from RM42.9 million a year earlier.

In a statement to the exchange, SOP said revenue rose to RM471.9 million from RM420.8 million.

Net profit for the nine months fell to RM60.8 million from RM134.5 million a year earlier. Revenue rose to RM1.2 billion from RM931.2 million.

TSH snaps up more land fresh from selling Pontian

TSH RESOURCES BHD has moved on since failing to take over Pontian United Plantations Bhd last year. The Sabah-based oil palm company has sold its shares in the latter and is now set to add more than 25,000ha in Kalabakan to its landbank.

On Dec 6, TSH announced that it had entered into a share sale agreement with Ratus Awansari Sdn Bhd to acquire the latter’s 60% stake in Sg Kalabakan Estate Sdn Bhd (SKE) for RM150 million cash.

TSH will also assume a maximum of RM30 million in liabilities from Ratus Awansari as part of the consideration for the stake in SKE. According to the announcement, SKE has 26,794ha of oil palm plantations in Kalabakan, near Tawau, Sabah, of which 2,979ha are planted.

One of the directors of Ratus Awansari is Datuk Choo Keng Weng, who also sits on the board of another public-listed oil palm grower, Sin Heng Chan (Malaya) Bhd. The Sabah Foundation, through Benta Wawasan Sdn Bhd, is a shareholder of SKE.

The acquisition will boost TSH’s overall plantation landbank by 26% to about 131,000ha. The group’s plantable reserves will also jump by 35% to 92,335ha. Based on its average planting of 3,600ha per annum, TSH’s new plantable reserves in Sabah and Indonesia will last it about 25 years.

“This is lower than its recent sale of Pontian United and the price IOI Corp Bhd paid for Unico-Desa Plantations Bhd of nearly RM70,000 per planted hectare. However, SKE’s planted area is immature and will not contribute positively to earnings for another two to three years.”

The acquisition shows TSH’s drive to increase its plantation land, especially in Sabah, where yields are much higher than in the peninsula.

TSH acquires plantation unit for US$7.65 mil
http://www.nst.com.my/node/12946