【BKAWAN 1899 交流专区】峇都加湾

heamq

以下是BKAWAN／KLK的记录。

从1989年到2007年的EPS和DPS成长率（年复利）
我选择从1989年算起的原因是我没有以前的数据。

EPS：BKAWAN＝9.9％， KLK＝9.2％，
DPS：BKAWAN＝12.6％， KLK＝11.7％，

我不贪心，如此的成长率已经符合我的要求。
哈哈。。。不贪心的人总是会活的比较开心！

ooibenghooi

原帖由 0758 于 23-11-2007 02:29 PM 发表


那里有得看CPO的阴阳烛？

http://www.palmoil.com/index.php?q=D1VTWls=

ooibenghooi

CPO 又创新高。 >RM3000 收市。大豆油也创新高

无花

有谁可以提供以下资料!!谢谢!!

1亩地可种多少棵棕树
1亩地可产多少公斤的棕油
1亩地的成本是多少

以上问题会因不同公司的管理而异,想知道大约的数目.

mmu_waja

那么SDma...rm20... hehe

Blog

26-11-2007: Chinese bank eyes KLK’s 15.4% stake in LPF
by Lim Shie-Lynn
Email us your feedback at fd@bizedge.com


KUALA LUMPUR: A major Chinese commercial bank is set on an acquisition trail of plantation assets in Malaysia and in the region, which will likely be kicked off via a proposed purchase of a 15.4% stake in palm oil producer Ladang Perbadanan-Fima Bhd (LPF) from Kuala Lumpur Kepong Bhd (KLK).

Sources told The Edge Financial Daily that the bank, speculated to be among the top banking groups in China, was armed with an allocation of RM2 billion to scout for plantation assets and LPF would be the first target.

For that, the Chinese bank could use LPF as the vehicle for further acquisitions of plantations companies in Malaysia, including Sabah and Sarawak, as well as in Indonesia, particularly in Kalimantan.

It is believed that the bank was in the final stage of negotiations with KLK over the proposed transaction, which is expected to be valued at between RM60 million and RM70 million. Assuming a consideration of RM70 million, LPF will be priced at RM3.98 per share. LPF closed eight sen higher at RM4.04 last Friday, with a total of 129,400 shares done.

“To the bank, RM70 million is a small amount and this is just the start of its acquisition spree. They foresee a need to gain foothold on the CPO (crude palm oil), so this (LPF) will be a vehicle which they will use to secure their palm oil supply to China,” a source told The Edge Financial Daily.

“Plans are on the table for the bank to increase its shares (in the future), but as a start, it will only be 15.4%,” the source said.

The source said the proposed acquisition from KLK could be announced next month. It also marks the bank’s maiden venture in the country in an effort to leverage on the growing consumption requirement of palm oil in China.

This comes amid soaring CPO prices, which hit a record of RM3,016 per tonne last Friday. “They (the bank) will be working hand-in-hand with existing shareholders of LPF to further expand the supply capacity,” the source said.

It is learnt that as a major shareholder of LPF, the bank plans to have the company growing its landbank to at least 60,000ha from 8,093ha. As at end-2006, LPF had a combined planted hectarage of 7,660ha.

Another source said the agreement with the bank and LPF’s shareholders would be a win-win arrangement as the bank was agreeing to be its underwriter for future issuance of securities.

“They (the bank) want an assurance of supply and this is like a symbiotic arrangement to ensure profitability and future funding ability is there.

“With the entry of the China bank, the company can be in the position to fund its future acquisition as the bank will come in as its underwriter,” the source added.

Via LPF, the commercial bank’s potential acquisition targets are privately-owned, small plantation companies. It said upon consolidation, the enlarged LPF group would be a sizeable plantation player in the future, the source said.

In comparison, Synergy Drive Bhd, the merged entity of nine Permodalan Nasional Bhd-related companies, has a landbank of 600,000ha, making it the largest listed plantation company in terms of land size upon its debut on the Main Board of Bursa Malaysia Securities Bhd on Nov 30.

Apart from the 15.4% stake comprising 17.6 million shares, KLK had also claimed to own an additional disputed 30.6% stake comprising 35 million shares in LPF, which its subsidiary Ablington Holdings Sdn Bhd bought from AmBank Bhd in late 2004.

Ablington had even subsequently issued a notice of mandatory general offer for the remaining shares it did not already own in LPF.

The 30.6% stake was also claimed by Glamour Green Sdn Bhd, which had pledged the shares to AmBank under a share purchase financing deal. Glamour Green had bought the stake from Kumpulan Fima Bhd and Amalan Kontrak (M) Sdn Bhd.

The dispute between Glamour Green on one side, and KLK and AmBank on the other, had dragged on in court since 2004 and in June this year, LPF announced that KLK, AmBank and Glamour Green had entered into an out-of-court settlement.

It is learnt that under the settlement, KLK had agreed to sell the disputed shares and its 17.6 million shares held through its subsidiary, Ablington Holdings to Glamour Green or its nominees by July 31.

Glamour Green was not able to raise RM150 million or seek suitable partners to redeem the bloc at that point of time. However, with the Chinese bank coming into the picture, Glamour Green will enter into another settlement agreement with KLK at an undisclosed date.

“With the emergence of the Chinese bank, the puzzle is settled as they do not foresee any stumbling block in the redemption agreement,” a source said.

Once the deal is completed, Glamour Green will be the single largest shareholder in the plantation company with its 30.6% stake comprising 35 million shares. LPF directors Datuk Jaafar Lajis and Kamisan Suja hold the stake via Glamour Green.

LPF’s other major shareholder is Taipan Heritage Sdn Bhd, with a 27.52% stake in the company.

For the nine months to Sept 30, 2007, LPF’s net profit more than doubled to RM18.98 million from RM7.5 million a year earlier due to higher CPO and palm kernel prices as well as higher sales volume.

publicpang

外資競併種植公司
中韓日西亞伺機而動

報導：陳玉燕
（吉隆坡26日訊）原棕油需求量與價格高企，促使外資放眼收購高回酬的大馬種植公司；分析員預料，明年是種植業的“併購年”，未來將有更多西亞、中國、韓國及日本企業收購本地業者。

有消息指中國一家主要商業銀行，計劃在我國及區域收購種植資產，並擬向吉隆坡甲洞（KLK，2445，主板種植）收購棕油生產商菲馬園坵（LPF，5851，主板種植）15.4%股權。

《The Edge》財經日報引述消息人士的話指出，上述交易料介于6000萬至7000萬令吉，

料洽談已進尾聲，該家中資銀行未來可透過菲馬園坵，繼續收購我國及印尼種植公司。

尋求原棕油供應

肯納格證券研究分析員任紹陽回應《中國報》提問時指出，隨棕油價格飆高，外資可在種植領域尋求高賺幅及高回酬投資，未來大馬種植公司料持續吸引海外買家。

“預料西亞、中國、韓國及日本投資者，將對本地種植公司感興趣。”

他說，西亞投資者在油價高漲下油錢充裕、中國則尋求原棕油供應、日本及韓國則因缺乏天然資源，促使放眼收購種植資產。

任紹陽指出，石油價格攀升，連帶推高替代能源價格，原棕油價格步步高揚，也進一步提升種植資產吸引力。

僑豐投資研究分析員戴秀聖受詢時指出，併購是種植業明年的趨勢，料海內外企業將參與這股風潮。

“原棕油價格走高，使高效率生產商獲青睞，此外，中國對原棕油需求量高，收購種植資產也是一項策略性決定。”

他說，不僅海外企業有意收購本地種植公司，我國大型業者如IOI集團（IOICORP，1961，主板種植）也持續併購，未來種植領域併購消息將使一些小型種植公司獲重估。


棕油價創新高
3個內月續看漲
原棕油價格今日再創新高，分析師看好，高棕油價至少延續至明年2月。

隨大豆油價格揚升，做為主要替代品的原棕油也亦步亦趨，價格隨節節高漲。

今日，原棕油價格在大馬衍生產品交易所再寫下新紀錄，2月份遞交的期貨合約，上漲24令吉或0.8%，每噸報3068令吉。

任紹陽指出，棕油價格走高料至少延續至明年2月，過后則胥視美國農夫種植的玉米及大豆油規模。

去年，美國農民提高玉米種植量使大豆油種植地跌至12年以來新低，繼而使棕油價格去年勁揚60%。

芝加哥期貨交易所今日1月交割的大豆油價格也跳高0.7%，每磅報47.4美分（約1.60令吉），創下至少33年以來最高。

“油價上升使市場對大豆油開價提高，原棕油價格也同步走高。此外，中國對大豆油進口前景樂觀，意味著棕油需求量也增加。”

他說，儘管棕油價已突破3000令吉關卡，我國原棕油出口數據仍舊增長。

戴秀聖說，印尼產量料延續去年下滑走勢，需待2009年才恢復。

“油價高企也是刺激原棕油價格的因素之一，不過它並非要素，供應緊張才是推高價格的關鍵。”

綜合分析員預估，估計明年原棕油價格平均介于2700至2750令吉間。

0758

为何KLK要卖菲马？

ywkoh

难道大大对 chgs 有兴趣？

无花

没有啦,只是想算一算全利(QL)的16000英亩可以种多少棵,可炼出多少CPO.
这里是BKAWAN的帖子,不可以喧宾夺主.

[ 本帖最后由 无花 于 26-11-2007 09:29 PM 编辑 ]

publicpang

暂时先抛开股息...我们来算算资本回酬(CAPITAL GAIN)

我们分析: IOICORP VS KLK VS BKAWAN (因为BKAWAN现在被低估,会有点不准)

IOICORP
3 JAN 2005 RM9.50
1 JUN 2007 RM28
4 JUN 2007 RM5.55 (1 SPLIT 5 PAR VALUE BECOME RM0.10)
26 NOV 2007 RM7.10

资本: RM9.50 X 1000 股 = RM9.50
回酬: RM7.10 X 5000 股 = RM35.50 / RM9.50 = 374% PER 3 YEAR

股息 = RM0.835
2005 - RM0.35 X 1000 股
2006 - RM0.135 X 1000 股
2007 - RM0.35 X 1000 股

总回酬: RM7.10 X 5000 股 = RM35.50+RM0.835 / RM9.50 = 382% PER 3 YEAR



KLK
3 JAN 2005 RM6.95
27 FEB 2007 RM16.50
28 FEB 2007 RM10.50 (BONUS RATIO 1:2)
26 NOV 2007 RM16

资本: RM6.95 X 1000 股 = RM6.95
回酬: RM16 X 1500 股 = RM24 / RM6.95 = 345% PER 3 YEAR


股息 = RM0.80
2005 - RM0.15 X 1000 股
2006 - RM0.50 X 1000 股
2007 - RM0.10 X 1500 股 = RM0.15

总回酬: RM16 X 1500 股 = RM24+RM0.80 / RM6.95 = 357% PER 3 YEAR

BKAWAN
3 JAN 2005 RM6.20
27 FEB 2007 RM12.70
28 FEB 2007 RM8.25 (BONUS RATIO 1:2)
26 NOV 2007 RM10.10

资本: RM6.20 X 1000 股 = RM6.20
回酬: RM10.10 X 1500 股 = RM15.15 / RM6.20 = 244% PER 3 YEAR

假设BKAWAN来到RM13, 那么...
回酬: RM13.00 X 1500 股 = RM19.5 / RM6.20 = 316% PER 3 YEAR

股息 = RM1.10
2005 - RM0.40 X 1000 股
2006 - RM0.55 X 1000 股
2007 - RM0.10 X 1500 股 = RM0.15

总回酬: RM10.10 X 1500 股 = RM15.15+RM1.10 / RM6.20 = 262% PER 3 YEAR

假设BKAWAN来到RM13, 那么...
总回酬: RM13.00 X 1500 股 = RM19.5+RM1.10 / RM6.20 = 332% PER 3 YEAR




[ 本帖最后由 publicpang 于 27-11-2007 12:54 AM 编辑 ]

hancom

形态很好，可以继续跟进。

publicpang

日期:KLK:BKAWAN:差价:差价%
030105 6.95 6.20 0.75 12
010705 6.80 6.00 0.80 13
030106 8.25 7.50 0.75 10
030706 9.85 8.00 0.85 11
030107 14.60 11.40 3.20 28
280207 10.50 8.25 2.25 27
020707 12.90 8.90 4 45
261107 16.00 10.10 6 60

ooibenghooi

原帖由 ywkoh 于 26-11-2007 09:10 PM 发表
难道大大对 chgs 有兴趣？

有谁对 Country Height Grower Scheme 有看法? 回酬 8%-17%

publicpang

一中资银行斥资7千万　购菲马园丘15%股权
二零零七年十一月二十六日 晚上十一时十六分


（吉隆坡26日讯）中国一家商业银行对收购大马与区域的种植资产虎视眈眈，它很可能会先着手向吉隆坡甲洞有限公司（KLK，2445，主板种植组）收购棕油生产商--菲马园丘有限公司（LPF，5851，主板种植组）的15.4%股权。

据财经日报--The Edge Financial Daily称，预料该间银行是中国其中一间顶尖银行，拥有20亿资金来收购种植资产，而菲马园丘将成为它收购的首个目标对象。

因此，该间中国银行将会利用菲马园丘来作为其在大马进一步收购种植公司的跳板，包括沙巴、砂拉越，以及印尼，特别是加里曼丹。

据获悉，该间银行与吉隆坡甲洞的交易谈判已晋入尾声，预料交易价会介于6000万至7000万令吉之间。以7000万令吉价格来计算，对方每股所出的收购价是3.98令吉。菲马园丘今天收市时挂4.08令吉，起4仙，有14万3200股易手。

据消息告诉该财经报称:“对于该间中国银行来说7000万令吉是一个小数目，并且是它一连串收购行动的开始。预料它们要在原棕油获得一个立足点，因此菲马园丘将成为它们的跳板，以便使到这间公司的棕油能供应到中国。”

据它说：“该银行已经有计划在未来随时增加其持股，但在开始时只购入15.4%股权。”

它透露，建议中从吉隆坡甲洞手上收购上述股权料将在下月公布。这显示该银行首次在我国投资，作为中国棕油消耗增长的杠杆效应。

它补充：“上述收购行动是在原棕油价格上升当中进行，原棕油价格在上周五取得每公吨3016令吉的最高纪录。该银行将会与菲马园丘的现有股东联手扩大棕油供应量。”

作为菲马园丘的主要股东，该银行计划将前者的地库由8093公顷增加至少达6万公顷。截至2006年杪，菲马园丘拥有7660公顷的综合种植园丘。

据另一项资料来源说，该银行与菲马园丘股东所达至的协议将会是双赢的，因为在未来若菲马园丘要发售新股，该银行同意作为包销商。

该银行需要的是供应有所保障，这就好像一个共生协议以确保盈利与未来融资能力。

它续透露：“当该中资银行入股后，上述种植集团可以融资未来的收购行动，因该银行将会成为它的包销商。”

leekk8

KLK已经否认了这消息。。。

mjchua

1899	BKAWAN	6,000	53,100.00	30/07/2007	8.850
1899	BKAWAN	76,000	665,000.00	27/09/2007	8.750
1899	BKAWAN	2,000,000	19,800,000.00	26/11/2007	9.900

leekk8

这是什么？能讲解以下吗？

heamq

这是我构想的BKAWAN的完美私有化计划。

1）BKAWAN总股票数量＝432M（不算已回购的股票）
2）KLK总股票数量＝1065M
3）李家有约50％BKAWAN，BKAWAN有46.57％KLK，所以李家有约23.29％KLK。
4）昨天BKAWAN和KLK的闭市价为RM10.10和RMN16.40。
5）BKAWAN除了靠KLK赚钱之外，还有约每股RM0.08净利的其他生意，如果以本益比10倍来算，这部分值得RM0.08*10*432M＝346M。

私有计划如下：
a）李家以每股RM14.00私有化BKAWAN，需要432M*50％*RM14.00＝3024M。
b）然后把BKAWAN其他生意以346M卖给KLK或其他人。
c）再把BKAWAN的15.33％KLK股权卖出给其他人，得到15.33％*1065M*RM16.40＝2678M.
d）2678M+346M＝3024M，足够私有化BKAWAN所需要的钱。

私有化之后，BKAWAN剩下46.57％-15.33％＝31.24％KLK股权。 李家有100％的BKAWAN，就是有31.24％的KLK，这比之前的23.29％高出许多，可是自己一分钱也不必出，多么完美啊！而BKAWAN的股东也更高兴，RM14.00比现价高出许多！

唯一的问题是31.24％的股权会因为不太高而会引起别人的强制收购呢？如果是这样担心，BKAWAN可以不要卖KLK而以贷款2678M，KLK每年派发的股息是足够还2678贷款的利息。

我想这是双赢的计划，非常有可能发生，希望大家想想，也多多发表意见！

pc255

如果李家不需要关心其他小股东他们可能会做。
但是好些小股东跟家族有长久关系...

特别是 No3, Yeoh 是李家老豆的战友. If privatise will it offend all these small share holder?

小股东跟家族有长久关系 - Shareholder no: 3, 5, 6??, 7, 8, 11, 13, 16??

Top 30:
1. Arusha Enterprise Sdn Bhd 125,836,445 43.52
2. Lembaga Kemajuan Tanah Persekutuan (FELDA) 18,246,500 6.31
3. Yeoh Chin Hin Investments Sdn Berhad 10,110,000 3.50
4. Permodalan Nasional Berhad 10,000,000 3.46
5. Wan Hin Investments Sdn Berhad 8,821,125 3.05
6. HSBC Nominees (Tempatan) Sdn Bhd - A/C Heah Seok Yeong Realty Sdn Bhd 7,650,000 2.64
7. Lee Chan Investments Sdn Berhad 6,061,250 2.10
8. Yeoh Kean Hua 5,500,000 1.90
9. Amanah Raya Nominees (Tempatan) Sdn Bhd - Skim Amanah Saham Bumiputera 4,732,400 1.64
10. Yeoh Chin Hin 4,207,500 1.45
11. Puan Sri Leong Wan Chin 4,206,250 1.45
12. Teoh Guat Eng 4,060,125 1.40
13. Elionai Sdn Bhd 4,005,500 1.38
14. HSBC Nominees (Tempatan) Sdn Bhd - A/C Nomura Asset Management SG for
Employees Provident Fund 3,562,500 1.23
15. Elionai Sdn Bhd 2,300,000 0.80
16. HSBC Nominees (Tempatan) Sdn Bhd - A/C Heah Seok Yeong Realty Sdn Bhd 2,250,000 0.78
17. Malay Rubber Plantations (Malaysia) Sdn Berhad 1,861,500 0.64
18. HSBC Nominees (Asing) Sdn Bhd - A/C HSBC SG for Chan U Seek 1,619,250 0.56
19. HSBC Nominees (Asing) Sdn Bhd - A/C Exempt An for JP Morgan Chase Bank,
National Association (Jersey) 1,525,300 0.53
20. Citigroup Nominees (Asing) Sdn Bhd - A/C CBNY for DFA Emerging Markets Fund 1,493,500 0.52
21. Mayban Nominees (Tempatan) Sdn Bhd - A/C Mayban Trustees Berhad for
Public Ittikal Fund 1,432,000 0.50
22. Employees Provident Fund Board 1,327,600 0.46
23. Meng Hin Holdings Sdn Bhd 1,210,500 0.42
24. Wan Yuen Mining Kongsi Sdn Bhd 1,170,000 0.40
25. HSBC Nominees (Tempatan) Sdn Bhd - A/C Lee Rubber (Selangor) Sdn Bhd 1,080,000 0.37
26. Arusha Enterprise Sdn Bhd 1,000,000 0.35
27. Puan Sri Leong Wan Chin 1,000,000 0.35
28. HSBC Nominees (Tempatan) Sdn Bhd - A/C Lyne Ching Sdn Bhd 990,000 0.34
29. Malay-Sino Formic Acid Sdn Bhd 961,800 0.33
30. Amanah Raya Nominees (Tempatan) Sdn Bhd - A/C Public Islamic Dividend Fund 712,100 0.25