bldplnt some news

bldplnt的2007年平均产量是18.34 ( BLD 的每 ha 生产量)，这比起其他的sarawak-based company 好多了

swkplnt产量15（大约）
rsawit产量15.44
twsplnt产量16.9（全马），但它有30%在sabah和西马，所以应该也是15。

比SOP的20差。

经和网友讨论一翻后，我得到的结论是，sarawak土地种类是和产量关系不大的，土地等级(grade)才是，要经土测鉴定。

rsawit的地全是mineral soil，产量也不高。

以下是Henry Lau的演讲，如果他说的target属实，那么bldplnt就能算一只值得拥有的股了。
比较担心的是，去年(2008)中段，骗子特别多，说实话的反而是傻子，他会不会是傻子呢？

虽然说产量增加的原因可能是种植地库的增加，没值得高兴的，但，好过没有，因为有产量就有cash flow。

不可忽略的是，sarawak-based company不能创造出20%的IRR（rate），投资这类的停滞型(stagnant)公司，报酬预期不能太高。你只能寄托sector的上涨来带动他的股价，twsplnt是一个好例子（投资不如不买，买不如投机）。

但BLD算很好的了。

BLD PLANTATION NEW ESTATE IN SARAWAK
04 August 2008

BLD PLANTATION NEW ESTATE IN SARAWAK BLD PLANTATION will invest some RM110m to develop 6,000ha of new oil palm plantations in Sarawak in the next three years.

Executive Chairman - HENRY LAU LEE KONG said the Company would be aggressive in its new planting programme as more than half of its 53,000 ha land bank had not been developed. He said it was timely to increase the planted area as prices of crude palm oil (CPO) had been good.

The Group currently has about 23,000 ha planted with oil palm, with half of the plantations already producing fresh fruit bunches (FFBs). In three years, another 6,300 ha of matured planted areas will be added said LAU after the Company's AGM on Jun 17, 2008.

FORECAST CROP OUTPUT
In 2007, the Group's FFB production increased 3.6% to 211,000 tonnes. This is expected to grow to 266,000 tonnes this year (2008), 290,000 tonnes in 2009 and 320,000 tonnes in 2010.

LAU said expanding the Group's planted hectarage would also ensure an increasing supply of related products to feed its palm oil mill, refinery and kernel crushing plant.

PALM OIL REFINING & FRACTIONATION
100%-owned unit - KIRANA PALM OIL REFINERY has invested more than RM100m in a refinery and a dry fractionation plant in Bintulu, Sarawak. Both plants are now on trial production and are expected to begin commercial production in Jul 2008.

The refinery, which has a processing capacity of about 1,200 tonnes of CPO a day, is now producing refined bleached and deodorised palm oil, palm olein, palm stearins and palm fatty acids distillate. The kernel crushing plant has a daily capacity of 300 tonnes. Its products include crude palm kernel oil and palm kernel expeller.

BLD PLANTATION would continue to look out for good plantation land locally, LAU said, adding, however, that it had no plans to expand its plantation business to Indonesia yet.

For FYE Dec 31, 2007, Group Revenue rose 13% to a record RM152m from RM134m in FY06. Net profit more than doubled to RM37.8m in FY07 from RM16.9m previously.

从GOOGLE MAP看SARAWAK的两个地方土霸

张老板和刘老板，是众所周知的世仇，他们从东马斗到西马，从木材斗到媒体。

张老板渗透到西马的时间较早，因此他的影响力较广，也被人所熟悉，也比较有钱。

刘老板比较坚守自己的地方势力，这可以从诗华日报和星洲日报的读者销量看到区别。
虽然星洲日报的古晋销量比诗华日报高出很多，但这也是政治干涉的结果。在其他偏远地方，星洲日报售卖RM3一份并不出奇，从星洲日报没有再标价东马价格看出端倪。
西马方面，刘老板的势力代表就是东方日报和8TV。

两个人都是靠“砍伐”木材起家的，可能是政治上“分而治之”策略需要，他们都相安无事。
正因为两人做的事都一样，揭对方疮疤就等于揭自己的疮疤，不会自讨没趣。

我们可以从GOOGLE MAP得到证明他们是相亲相爱的。刘老板的油棕园和张老板的木材区毗邻。
A点是KAMPONG BATANG LASSA，褐色区相信是油棕开辟地，右边的绿色区就是张老板的地盘了。



许多SARAWAK-BASED PLANTATION COMPANIES，他们的母公司都是做木材的，要投资他们最好要知道他们的背景。

虽然SABAH的总体表现比西马出色，但税务架构扯平了优势。

如果你看见夫妻吵架，不必多事劝架，张老板和刘老板的关系也是这么维系的。



Google map的卫星扫描的时间落后了3年-5年不等，也与wikimapia版本不同，如果要追加，就得找破解后的版本了。

rsawit no mid-year dividend

步hapseng后尘，rsawit误把去年的5sen final dividend, 写入半年后的2rd quarter results(29/02/2008)，但相信rsawit是无心的，因为5sen实在起不了什么。

advice:报告内容最妥当。