（吉隆坡24日訊）葛裡尼裡（GNEALY,2372,主板種植組）私有化計劃進入尾聲，將於下週二（27日）除牌。
該公司在文告中說，已接獲大馬股票交易所的通知信，一旦除牌後，該公司將正式完成私有化計劃。（星洲網）
Showing posts with label GNEALY 葛里尼里 (2372). Show all posts
Showing posts with label GNEALY 葛里尼里 (2372). Show all posts
Saturday, November 24, 2012
Friday, September 14, 2012
私有化反對票僅4.23%‧葛里尼里有驚無險過關
（吉隆坡13日訊）儘管面對小股東強大反對聲浪，葛里尼里（GNEALY，2372，主板種植組）私有化計劃在今日的股東特大上仍以多數票獲得通過。
葛里尼里小股東認為大股東私有化獻購價偏低及低估公司價值，惟經過投票結果顯示反對票僅為4.23%，使大股東私有化計劃，還是在有驚無險情況下順利過關。
小股東：獻購價過低
該公司大股東三林集團是獻議以每股7令吉50仙價格進行全面獻購和將公司私有化，引起一些小股東不滿，除了認為獻購價過低，特別是低估公司種植地庫實際價格。
雖然這批小股東在大會上極力反對，不過，還是不足以阻止此私有化計劃，因在投票決定的成績顯示，非涉及利益股東的反對票僅有4.23%，沒有達到推翻議案所需的10%水平。
在今日法庭諭令召開的股東大會中，附帶3大條件才可通過私有化計劃，包括親身出席或是通過代理人表格的非涉及利益股東（除獻議私有化大股東外）股份必須超過50%，他們代表的股值必須超過75%，以及投下反對票者必須不超過10%。
私有化料11月完成
隨著大會皆達到這3大條件，使大股東私有化計劃順利通過。大股東三林集團持有該公司的15.4%股權，並通過林威持有另外的38.3%，實際股權達到53.7%。它以每股7令吉50仙收購其餘股權共涉及3億9千632萬令吉。
該公司獨立非執行董事莫哈末尤索夫兼大會主席過後指出，若一切進展順利，預料私有化計劃將在今年11月完成，而小股東也可在11月獲得它們的款項。
小股東聲聲不滿
約有80名小股東或代理人出席週四的股東大會，多名小股東在會上踊躍發言，主要申訴大股東獻議價7令吉50仙偏低，以及指責獨立諮詢顧問的不是，特別是低估公司種植地庫的實際價值，包括沒有重估最新地價，繼續以1998年時價值為准，認為它已過時及不適當。
地價估值過時
據該公司小股東徐桂蓮向記者表示，該公司地庫自1998年以來就沒有進行重估。而私有化獻購價格，不應及不可拿以前及過時估值進行。
她指出，根據僑丰研究在2012年1月31日的報告指出，獻購價7令吉50仙實是太便宜，特別是該公司在印尼買地時，每公頃也要3萬6千600令吉，或是每英畝為1萬5千令吉，若是以此為准，該公司私有化合理價應落在10令吉26仙。
她表示，該公司擁有1萬9千672公頃的空地沒有計算在估值中，僅是估計2萬9千962公頃已種植的地庫。若是空地價值也計算在內，相信獻議價格應更高。
3500萬現金
應悉數派給股東
應悉數派給股東
雖然該公司在本月11日宣佈派發每股52.75仙特別單層股息，不過，徐桂蓮認為，在派發這批總值6千萬令吉的股息後，該公司尚有3千500萬令吉的現金，這應該是屬於全體股東，應悉數派回給股東。
她認為，該公司大股東以每股7令吉50仙私有化，這是大馬本世紀以來最便宜的脫售活動。特別是小股東投入資金使公司成長，惟現在公司非常賺錢之際，大股東就把小股東“踢走＂，將全部佔為己有。
她希望證券監督委員會，大馬股票交易所，以及其他相關管制單位關注上述呼吁以取得公平及平等的待遇，同時，採取適當步驟阻止類似事件重演。
她也吁請當局對未來任何私有化計劃實施嚴格的條件，例如全部上市公司的資產須進行當前的估值，以避免小股東受到不公對待，以及不准隨意在股市進行上市及下市，並建議該公司私有化價格應不少過10令吉。
另一名小股東劉先生則表示，上市公司必須要有企業監管文化、企業誠信及負責任，特別是對待小股東方面，否則將會使外資對馬股裹足不前。
他指出，獨立諮詢顧問將該公司未來計劃進行的5億令吉中期票據債券計劃預測也一併列入估值考量，這是不適當的。
親私有化言論被喝倒彩
雖然有一名小股東在會上認為，今次私有化獻購計劃，使他擁有退出套現的機會，特別是該公司股票向來不流通。而他這番親私有化計劃的言論，被在場的大部份與會小股東大喝倒彩。
大會結束後，針對小股東炮轟私有化計劃估值過低問題，莫哈末尤索夫表示，該公司的地庫估值仍處於市場平均值水平，同時種植地也因不同狀況而有不同的價值，包括地契期限在內，因該公司在砂州約2萬單位土地的地契期限僅至2051年。（星洲日報／財經）
Tuesday, July 31, 2012
擬增出口免稅固打 種植股佔上風
吉隆坡31日訊）政府提高原棕油出口免稅固打，加上投資者擔心大豆產量削減，進而轉向投資原棕油，雙喜臨門激勵多只種植股霸佔十大上升股榜，券商也一致給予種植股“跑贏大市”的評級。
《路透社》報導，大馬政府今年將提高原棕油免稅出口配額達200萬公噸，短期內將抑制印尼減出口稅帶來威脅，同時刺激本地公司近幾個月放緩的出口動力。
大馬棕油局（MPOB）預計，今年原棕油產量將達1900萬公噸。
大馬投資研究認為，這是項積極的發展計劃，將有助改進下半年原棕油出口，放眼提升出口至因最近修訂進口稅結構和需求漸高的印度，截至今年首半年，大馬出口原棕油至印度已提升13%。
由于7月份原棕油需求走軟，導致庫存增加，但隨著9月份即將來臨的中秋節慶日，預計需求將回溫。
“隨著原棕油（CPO）展開20%或每公噸233美元（約732令吉）的大減價的價格售出，將吸引中國從原本進口大豆油，轉向進口原棕油。”
豐隆投資銀行預測，上述舉動亦有助穩定市場原棕油價格，2012至2013年的原棕油每公噸預估3200令吉；2014年為每公噸3100令吉。
針對此計劃，兩者和大眾投資銀行也給予種植類股“跑贏大市”評級，並建議“買進”多只種植股項，包括CB工業（CBIP，7076，主要板工業）、聯土局多元（FGV，5222，主要板種植）、森那美（SIME，4197，主要板貿易）、貿易風種植（TWSPLNT，6327，主要板種植）以及雲頂種植（GENP，2291，主要板種植）。
| 種植股31日走勢 | |||
|---|---|---|---|
| 種植股 | 閉市（令吉） | 波動（仙） | 成交量（股） |
| 聯合種植 | 26.00 | +50 | 9萬2700 |
| 格林尼 | 7.15 | -3 | 500 |
| 貿易風種植 | 4.81 | -4 | 37萬1200 |
| 吉隆坡甲洞 | 23.76 | +40 | 96萬4200 |
| 玻璃市種植 | 15.20 | -2 | 38萬6700 |
| 聯土局多元 | 5.15 | 0 | 852萬400 |
| 陳順風資源 | 2.60 | 0 | 64萬3600 |
| 雲頂種植 | 9.45 | +12 | 30萬9200 |
| TH種植 | 2.53 | -1 | 25萬4000 |
| 砂油棕 | 6.89 | 0 | 5萬4400 |
[中國報]
Wednesday, March 21, 2012
冷眼分享锦集:格林尼和金锋大股东 廉价私有化上市公司
上周股市收市后，两家上市公司——格林尼（Gnealy，2372，主板种植股）和金锋（GFB，8281，主板工业产品股）的大股东，不约而同的宣布要将公司私有化。
格林尼的大股东献议以每股7令吉50仙，金锋的大股东则献议以每股1令吉50仙，收购他们尚未拥有的股票，并可能将公司除牌。
格林尼的收购价7令吉50仙，比停牌前的6令吉55仙，高出13%，而金锋的收购价1令吉50仙，亦比停牌前的1令吉21仙高出19%。
表面上看起来，两项收购价都是慷慨的，但是，假如你详细分析两公司的资产价值的话，你就会发现，两项收购都是对大股东有利，而对小股东不公平的。
廉价收购园丘
首先让我们看看格林尼。
以下是格林尼的一些重要资料：
实收资本：115,362,000股
种植面积：73,448英亩
手头现金：RM173,469,000（到9月30日）
未种植空地：29,433英亩（在印尼）
大股东以每股7令吉50仙收购该公司的全部股票，总共耗资 RM865,215,000。
由于该公司手头有 RM173,469,000 的现金，在公司私有化之后，这些现金全部属于大股东，所以，大股东实际上只付出 RM865,215,000 - 173,469,000 = RM691,746,000。
不到市价三分一
除了 73,448 英亩之外，该公司在印尼拥有 29,433 英亩空地，现在在印尼寻找油棕地已越来越困难，这 29,433 英亩已是可贵的资产，假如我们每英亩估值 RM5,000 的话，这份资产的价值为 RM5000 x 29,433 = RM147,165,000。
所以，大股东实际上是以 RM691,746,000 - 147,165,000 = RM544,581,000 收购该公司的 73,448 英亩已种植的油棕园，每英亩的买价为 RM544,581,000 ÷ 73,448 英亩 = RM7414（每英亩买价）。
换句话说：大股东是以每英亩 RM7414，向小股东收购他们的油棕园。
目前东马的油棕园，每英亩市价约为 2万500令吉至3万令吉，每英亩 7414 令吉的买价，不到市价的三分之一。
这样的收购价，对小股东公平吗？
格林尼的大股东，拥有格林尼的 53.68% 或 61,248,522 股，所以，大股东实际上只需收购其馀的 54,113,478 股就拥有该公司的 100% 股权，以每股7令吉50仙的收购价计算，只需付出 RM405,851,085 就可以拥有整家公司。
在完成收购后，大股东可以立刻提出该公司的 RM173,469,000, 所以，实际付出的款项仅为 RM405,851,000 - 173,469,000 = RM232,382,085。等于是以每股 RM4.29收购该公司其馀股权。
试想要种植 73,448 英亩油棕园，还有 29,433 英亩的未种植地库，要花多少心血和时间？如今大股东以如此低廉的价格收购该公司的全部资产和现金，真是太便宜、太合算了。
免费控制金锋
现在，让我们再看看金锋的收购又如何。
以下是金锋的一些重要资料：
实收资金：52,556,100（已扣除 4,052,700 股回购股）
手头现金：RM48,626,000（在 30.9.2011时）
大股东持有 41.26% 或 21,686,513 股。所以，大股东实际上只要收购其馀 30,869,587 股，就可以拥有该公司的 100%股权。他所付出的款项为 RM1.50 x 30,869, 587股 = RM46,304,380。
在完成收购后，该公司银行里的 RM48,626,000 就是大股东囊中物，而他只付出 RM46,304,380。
所以，大股东实际上不但不需要拿出一分一毫，完成收购后银行还多了 RM48,626,000 - RM46,304,380 = RM2,321,620。
无需拿出一分钱，就可以收购小股东的全部股票，从而拥有整家公司。还有比这更合算的投资吗？
小股东咎由自取
从以上的分析，我们可以得到结论：两项收购都是对大股东有利。
是谁提供机会，让大股东廉价收购资产？
答案是：小股东。
就以格林尼来说，该公司的年报一清二楚的披露该公司种植面积、现金情况及每年新种7000 多英亩等宝贵资料，小股东只要勤于阅读年报和季报，根据一个简单的公式，就可以轻易的计算出该公司的每股真实价值（评估公式，请参考本人“30年股东投资心得（第161页）怎样评估种植股”）。该公司的股价长期被低估，却无人问津，这才使大股东有机可乘。
再看金锋，在完成脱售该公司的越南业务后，该公司的银行存款高达 RM48,626,000，而负债只有区区的 RM7,385,000（在2011年9月30日时），每股现金高达92.5仙。每股净有形资产高达 RM2.25, 而股价在1令吉10仙至1令吉20仙之间徘徊了几个月仍无人问津，大股东认为：投资者看不起我，好吧，我愿意以高过市价 19% 的价格收购小股东的全部股票，小股东还能说什么？
二线优质股被低估
尽管股市已上升了一大截，但是，像格林尼和金锋这样价值被低估的股票，比比皆是，散户只要勤于阅读年报、季报，就不难发现那些“禾草盖珍珠”的股票，其中尤以第二线优质股为甚。
农业地上涨 100%
不要到处打听“贴士”，实际上只要留意，“贴士”处处有。1月26日的《南洋商报》封面版不是说城市郊区农业地大涨吗？马来西亚房地产发展商会主席拿督任广财就给你们最好的“贴士”，他说在过去三、四年前中，农业地上涨 100%，请你翻阅上市产业公司的年报，看看哪些公司拥有大量地库，而这些土地是在10年、8年前买进的，现在价值已不知翻了多少倍，如果以市价估值，这些产业公司的每股净有形资产价值，肯定比账面价值高几倍，而股价却文风不动，这不是部分产业股价值被严重低估的最好证明吗？拿督任广财不是给大家很宝贵的“贴士”了吗？
没有人能准确预测股市的动向，所以，过分担忧股市会因欧债问题而崩溃，而踟蹰不前，将会错失许多赚钱的机会。试想欧债已拖延了一、两年，大家都把最坏的情况计算在内了，即使有某个国家倒债，后果也不会比现在更糟。这是我的想法。今年股市应该是好年，而机会是在第二线优质股。恭喜龙年发财！
[南洋商报]
Monday, January 30, 2012
私有化催谷 投资者追捧 林威飙12% 格林尼涨9%
（吉隆坡30日讯）在私有化献议的催谷下，林威（Lingui，2011，主板工业产品股）和格林尼（Gnealy，2372，主板种植股）今日股价大涨，分别取得12%和9%的涨幅。
在私有化计划曝光后，林威和格林尼双双都受到投资者的追捧，林威今日就扬升了16仙或11.76%，报1.52令吉，成交量更高达256万3600股。
格林尼也不遑多让，单日内飙升了58仙或8.85%，收报在7.13令吉，成交量为14万9700股。
献购价偏低
今天同时也是上述两只股项在暂停交易后，首日恢复交易。为了配合这项私有化计划的宣布，林威和格林尼已于1月20日起，要求暂停交易。
上周五，林威和格林尼同时宣布，接获大股东的献议，分别以1.63令吉和7.50令吉私有化。
尽管所献议的收购价有不错的溢价，不过分析员认为，比起这两家公司的估值以及潜在价值，建议中的私有化收购价却是偏低。
侨丰投资银行指出，根据格林尼在沙巴、砂拉越和印尼的种植地，其每公顷的企业价值是8400美元（2万5628令吉），分析员认为这个估值实在太低了。
若是根据近期印尼种植地的成交价格为准，其种植地的估值应为每公顷1万2000美元（3万6612令吉），再以此作为推算，格林尼应当值每股10.36令吉，比献议价7.50令吉，还要高出36.8%。
或出现其他竞购者
分析员因而相信，现时的献议价过低，或许会引致第三方参与竞争，提出更具竞争性的价位。
分析员建议，股东应守住并等待更高的献议价。
无论如何，侨丰给予格林尼的评级，依然是“买入”，而目标价则是8.23令吉。
另一方面，拉昔胡申则认为，林威的献议收购价尚算合理，比现有林木领域的8倍本益比来得高。
拉昔胡申相信，一旦林威的大股东三林策略敲定其融资计划后，就会对这两家公司提出正式的收购价。
因此，分析员将林威的评级，从“低于大市”升级为“短线买入”，并且将合理价1.33令吉，提升至1.63令吉，也就是私有化所提出的献议收购价。
[南洋商报]
报道：陈子莹
Friday, January 27, 2012
私有化待國外機構批准‧林威和葛里尼里續停牌
（吉隆坡26日訊）林威（LINGUI，2011，主板工業產品組）及葛里尼里（GNEALY，2372，主板種植組）因私有化計劃仍待海外監管機構批准，雙雙展延停牌至明日。
這兩家公司因可能涉及私有化大計，雙雙在本月20日宣佈停牌直至今日，惟因海外監管當局的許可問題，於27日進一步停牌。
雙方未在文告中公佈進一步詳情，但表明停牌原因在於“潛在私有化建議”，符合市場傳言。早前市場盛傳林威將全面收購葛里尼里，並將之私有化及除牌。
林威及林威CA在停牌前各挂價1令吉36仙及3仙；葛里尼里則報6令吉55仙，該股在19日上漲18仙或2.83%。
砂拉越的三林集團透過香港上市的三林環球（Samling Global）持有林威的67.23%股權，林威則握有葛里尼里的38.33%股權。（星洲日報／財經）
[星洲日報／財經]
這兩家公司因可能涉及私有化大計，雙雙在本月20日宣佈停牌直至今日，惟因海外監管當局的許可問題，於27日進一步停牌。
雙方未在文告中公佈進一步詳情，但表明停牌原因在於“潛在私有化建議”，符合市場傳言。早前市場盛傳林威將全面收購葛里尼里，並將之私有化及除牌。
林威及林威CA在停牌前各挂價1令吉36仙及3仙；葛里尼里則報6令吉55仙，該股在19日上漲18仙或2.83%。
砂拉越的三林集團透過香港上市的三林環球（Samling Global）持有林威的67.23%股權，林威則握有葛里尼里的38.33%股權。（星洲日報／財經）
[星洲日報／財經]
Thursday, November 3, 2011
Stocks to watch 20111103: Guinness Anchor, Kimlun, Zelan, Glenealy
KUALA LUMPUR (Nov 3): The outcome of the US monetary policy meeting early Thursday (Malaysia time) and ongoing developments in the Greece will determine the direction of the key Asian markets on Thursday.
At Bursa Malaysia, the FBM KLCI was down 4.69 points or 0.32% to 1,470.95, but off the day’s low of 1,457. However, the key Asian markets were mixed.
Among the stocks to watch are GUINNESS ANCHOR BHD [] (GAB), Kimlun Corp Bhd, ZELAN BHD [] and Glenealy PLANTATION []s (Malaya) Bhd.
GAB’s earnings rose 42.6% to RM55.21 million in the first quarter ended Sept 30, 2011 from RM38.69 million a year ago, as it recorded higher sales and share gains in the domestic malt liquor market.
Revenue rose 21.2% to RM444.62 million from RM366.63 million while earnings per share were 18.28 sen compared with 12.81 sen.
Kimlun plans to venture into the property development with the proposed acquisition of 17.2 ha of agricultural land in Negeri Sembilan for RM27.36 million. It proposes to build factories on the land, once it had received approval from the authorities for the conversion.
Loss-making Zelan Bhd has won a bid to develop the International Islamic University Malaysia's Centre for Foundation Studies in Pahang.
It was selected by the Public Private Partnership Unit of the Prime Minister's Department to implement Phase 3 of the centre's development in Gambang, Pahang.
Glenealy’searnings jumped 165% to RM19.01 million in the first quarter ended Sept 30, 2011 from RM7.41 million a year ago but it was cautious on the outlook for palm oil price.
It said on Wednesday its pre-tax profit was RM31.55 million, up 122% from RM14.20 million. Its revenue increased by 68.2% to RM17.67 million from RM42.60 million while earnings per share were 16.67 sen compared with 6.50 sen
However, when compared with the preceeding quarter, the financial results showed a decline.
MAH SING GROUP BHD [] is teaming up with Thailand's largest retail developer Central Pattana plc to look into the proposed development and management of a shopping mall in Icon City, Petaling Jaya.
Mah Sing said on Wednesday, its unit Sierra Peninsular Development Sdn Bhd had signed an MoU with Central Pattana to exchange general information to look into the shopping mall project via a joint venture and/or partnership.
DRB-HICOM BHD [] plans to establish a medium term note sukuk programme of up to RM1.80 billion in nominal value to finance working capital requirements, projects and refinance borrowings.
At Bursa Malaysia, the FBM KLCI was down 4.69 points or 0.32% to 1,470.95, but off the day’s low of 1,457. However, the key Asian markets were mixed.
Among the stocks to watch are GUINNESS ANCHOR BHD [] (GAB), Kimlun Corp Bhd, ZELAN BHD [] and Glenealy PLANTATION []s (Malaya) Bhd.
GAB’s earnings rose 42.6% to RM55.21 million in the first quarter ended Sept 30, 2011 from RM38.69 million a year ago, as it recorded higher sales and share gains in the domestic malt liquor market.
Revenue rose 21.2% to RM444.62 million from RM366.63 million while earnings per share were 18.28 sen compared with 12.81 sen.
Kimlun plans to venture into the property development with the proposed acquisition of 17.2 ha of agricultural land in Negeri Sembilan for RM27.36 million. It proposes to build factories on the land, once it had received approval from the authorities for the conversion.
Loss-making Zelan Bhd has won a bid to develop the International Islamic University Malaysia's Centre for Foundation Studies in Pahang.
It was selected by the Public Private Partnership Unit of the Prime Minister's Department to implement Phase 3 of the centre's development in Gambang, Pahang.
Glenealy’searnings jumped 165% to RM19.01 million in the first quarter ended Sept 30, 2011 from RM7.41 million a year ago but it was cautious on the outlook for palm oil price.
It said on Wednesday its pre-tax profit was RM31.55 million, up 122% from RM14.20 million. Its revenue increased by 68.2% to RM17.67 million from RM42.60 million while earnings per share were 16.67 sen compared with 6.50 sen
However, when compared with the preceeding quarter, the financial results showed a decline.
MAH SING GROUP BHD [] is teaming up with Thailand's largest retail developer Central Pattana plc to look into the proposed development and management of a shopping mall in Icon City, Petaling Jaya.
Mah Sing said on Wednesday, its unit Sierra Peninsular Development Sdn Bhd had signed an MoU with Central Pattana to exchange general information to look into the shopping mall project via a joint venture and/or partnership.
DRB-HICOM BHD [] plans to establish a medium term note sukuk programme of up to RM1.80 billion in nominal value to finance working capital requirements, projects and refinance borrowings.
Wednesday, November 2, 2011
Gnealy 1Q net profit 19.015 million (increased 156.54%)
Gnealy 1Q net profit 19.015 million (increased 156.54%)
Glenealy Plantations 1Q earnings up 165% to RM19m
KUALA LUMPUR (Nov 2): Glenealy PLANTATION []s (Malaya) Bhd’s earnings jumped 165% to RM19.01 million in the first quarter ended Sept 30, 2011 from RM7.41 million a year ago but it was cautious on the outlook for palm oil price.
It said on Wednesday its pre-tax profit was RM31.55 million, up 122% from RM14.20 million. Its revenue increased by 68.2% to RM17.67 million from RM42.60 million while earnings per share were 16.67 sen compared with 6.50 sen
Glenealy said fresh fruit bunches (FFB) production for 1QFY2012 was 89,721 tonnes. In terms of segmental results, Sabah and Sarawak operations achieved an operating profit of RM22.9 million and RM10.0 million, respectively.
The company said it planted an additional 377 ha of oil palm plantation in Sarawak, increasing total planted area in East Malaysia to 29,723 ha, of which 21,166 ha were matured as at Sep 30.
On the outlook, it said crude palm oil price broke lower to below RM3,000 per tonne during the quarter due to a combination of factors.
Glenealy said the contagion effect from the worsening debt crisis in Europe and the stalling US economy pulled prices lower across most assets classes including commodities like palm oil.
It added that a recovery in palm oil production and a change in duties in Indonesia with lower taxes on refined palm oil exports as compared to crude palm oil exports dampened market sentiment further.
“With the change in the tax structure in Indonesia, downstream companies in Malaysia will find it tougher to compete against Indonesian downstream companies as the Indonesian downstream companies will have an advantage in lower local crude palm oil price.
“We have a cautious outlook for palm oil price due to uncertainties in the global economy and the long term effect of the change in the tax structure in Indonesia on the Malaysian palm oil industry,” it said.
However, improving yields from the group’s maturing plantations would enable it to achieve satisfactory results for the full year, it said.
It said on Wednesday its pre-tax profit was RM31.55 million, up 122% from RM14.20 million. Its revenue increased by 68.2% to RM17.67 million from RM42.60 million while earnings per share were 16.67 sen compared with 6.50 sen
Glenealy said fresh fruit bunches (FFB) production for 1QFY2012 was 89,721 tonnes. In terms of segmental results, Sabah and Sarawak operations achieved an operating profit of RM22.9 million and RM10.0 million, respectively.
The company said it planted an additional 377 ha of oil palm plantation in Sarawak, increasing total planted area in East Malaysia to 29,723 ha, of which 21,166 ha were matured as at Sep 30.
On the outlook, it said crude palm oil price broke lower to below RM3,000 per tonne during the quarter due to a combination of factors.
Glenealy said the contagion effect from the worsening debt crisis in Europe and the stalling US economy pulled prices lower across most assets classes including commodities like palm oil.
It added that a recovery in palm oil production and a change in duties in Indonesia with lower taxes on refined palm oil exports as compared to crude palm oil exports dampened market sentiment further.
“With the change in the tax structure in Indonesia, downstream companies in Malaysia will find it tougher to compete against Indonesian downstream companies as the Indonesian downstream companies will have an advantage in lower local crude palm oil price.
“We have a cautious outlook for palm oil price due to uncertainties in the global economy and the long term effect of the change in the tax structure in Indonesia on the Malaysian palm oil industry,” it said.
However, improving yields from the group’s maturing plantations would enable it to achieve satisfactory results for the full year, it said.
Thursday, October 13, 2011
大豆价扬 出口增长带动 棕油连涨3日创单周新高
（吉隆坡12日讯）受大豆价格上扬和出口增长带动，原棕油价格连续第三天走高，创下一个星期以来的新高水平。
12月份原棕油期货合约扬升63令吉，或2.3%至每公吨2865令吉，一度飙升至2879令吉的全日最高水平。
美国农业部数据指出，本周大豆出口预计增长倍增至2340万蒲式耳，其中三分之二出口至中国。
周二的芝加哥商品交易所11月大豆期货价格增长4.9%，创下2010年10月8日以来的最大单日升幅。
拉尼娜料持续
菲利普期货分析员指出，原棕油价格增长主要来自大豆价格上升的效应带动。
原棕油与大豆油直接竞争。
另一方面，气象局表示，拉尼娜气候或将会持续降临大马直到11月杪。
大部分州属预计会出现正常的雨量，沙巴则预算会出现超过平均的水平。
这段期间的雨量应足够于农业活动，包括原棕油种植。
这丰富的雨量将导致更长时间的土壤饱和，或将影响白米、棕油和可可的收成增长与回酬。
[南洋商报]
12月份原棕油期货合约扬升63令吉，或2.3%至每公吨2865令吉，一度飙升至2879令吉的全日最高水平。
美国农业部数据指出，本周大豆出口预计增长倍增至2340万蒲式耳，其中三分之二出口至中国。
周二的芝加哥商品交易所11月大豆期货价格增长4.9%，创下2010年10月8日以来的最大单日升幅。
拉尼娜料持续
菲利普期货分析员指出，原棕油价格增长主要来自大豆价格上升的效应带动。
原棕油与大豆油直接竞争。
另一方面，气象局表示，拉尼娜气候或将会持续降临大马直到11月杪。
大部分州属预计会出现正常的雨量，沙巴则预算会出现超过平均的水平。
这段期间的雨量应足够于农业活动，包括原棕油种植。
这丰富的雨量将导致更长时间的土壤饱和，或将影响白米、棕油和可可的收成增长与回酬。
[南洋商报]
Wednesday, October 12, 2011
Saturday, August 27, 2011
Glenealy 4Q net profit surges eight-fold to RM18.3m
Written by Surin Murugiah of theedgemalaysia.com
Friday, 26 August 2011 20:26
KUALA LUMPUR: Gleneany PLANTATION []s (Malaya) Bhd net profit for the fourth quarter ended June 30, 2011 surged eight fold to RM18.3 million from RM2.05 million a year earlier, due mainly to higher production and increased crude palm oil sales.
It said on Friday, Aug 26 that revenue for the quarter jumped 85.6% to RM76.86 million from RM41.42 million a year earlier.
Earnings per share was 16.04 sen compared to 1.79 sen in 2010.
Glenealy proposed a first and final gross dividend of 15 sen per share totaling RM12.84 million.
For the financial year ended June 30, Glenealy’s net profit surged 239% to RM71.31 million from RM29.76 million a year earlier, on the back of revenue RM258.66 million compared to RM189.53 million in 2010.
Reviewing its performance, Glenealy said that in terms of segmental results, Sabah and Sarawak operations achieved operating profit of RM85.3 million and RM51.6 million respectively.
The company said it planted an additional 2,747ha of oil palm plantation in Sarawak, taking total planted area in East Malaysia to 29,346ha, of which 20,927ha had matured as at June 30.
On its prospects, Glenealy said that two years of subdued production, palm oil production had picked up strongly in the current quarter.
It said the strong production coincided with a general downturn in commodities prices due to risk aversion from concerns over the debt crisis in the EU and slower world economic growth.
It said the outlook for palm oil price was stable but under pressure due to potential increase in supplies for palm oil as well as other oilseeds.
“Palm oil is trading at a good discount of above US$100 per tonne to soyabean oil, which is encouraging additional demand that hopefully can keep a lid on palm oil stocks to prevent a further rose that will be bearish for palm oil price.
“At current prices, the performance of the group for the current financial year is expected to remain favourable,” it said.
Friday, 26 August 2011 20:26
KUALA LUMPUR: Gleneany PLANTATION []s (Malaya) Bhd net profit for the fourth quarter ended June 30, 2011 surged eight fold to RM18.3 million from RM2.05 million a year earlier, due mainly to higher production and increased crude palm oil sales.
It said on Friday, Aug 26 that revenue for the quarter jumped 85.6% to RM76.86 million from RM41.42 million a year earlier.
Earnings per share was 16.04 sen compared to 1.79 sen in 2010.
Glenealy proposed a first and final gross dividend of 15 sen per share totaling RM12.84 million.
For the financial year ended June 30, Glenealy’s net profit surged 239% to RM71.31 million from RM29.76 million a year earlier, on the back of revenue RM258.66 million compared to RM189.53 million in 2010.
Reviewing its performance, Glenealy said that in terms of segmental results, Sabah and Sarawak operations achieved operating profit of RM85.3 million and RM51.6 million respectively.
The company said it planted an additional 2,747ha of oil palm plantation in Sarawak, taking total planted area in East Malaysia to 29,346ha, of which 20,927ha had matured as at June 30.
On its prospects, Glenealy said that two years of subdued production, palm oil production had picked up strongly in the current quarter.
It said the strong production coincided with a general downturn in commodities prices due to risk aversion from concerns over the debt crisis in the EU and slower world economic growth.
It said the outlook for palm oil price was stable but under pressure due to potential increase in supplies for palm oil as well as other oilseeds.
“Palm oil is trading at a good discount of above US$100 per tonne to soyabean oil, which is encouraging additional demand that hopefully can keep a lid on palm oil stocks to prevent a further rose that will be bearish for palm oil price.
“At current prices, the performance of the group for the current financial year is expected to remain favourable,” it said.
Gnealy Financial year end net profit 71.307 million (increased 139.61%)
Gnealy profit keep increased... great ^^
Friday, August 26, 2011
Gnealy Volume Distribution
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GNEALY 葛里尼里 (2372)
GLENEALY PLANTATIONS (MALAYA) BERHAD
Level 42 Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
Phone: 60 3 2382 3999
Fax: 60 3 2162 9311
Listing Date: 09.08.1973
Par Value: 1.00
Market: MAIN
Sector: PLANTATION
Major Industry: FOOD PRODUCTS
GLENEALY PLANTATIONS (MALAYA) BERHAD is a Malaysia-based investment holding company that is engaged in the provision of management services to its subsidiaries. The Company, along with its subsidiaries, is principally engaged in the operations of oil palm plantations, palm oil mills, forest plantations, quarry operations and road construction. On February 22, 2008, the Company's wholly owned subsidiary, Puncak Selasih Sdn. Bhd., incorporated a 95%-owned subsidiary, PT. Tunas Borneo Plantations, in Indonesia. Puncak Selasih Sdn. Bhd. is engaged in investment holding and road construction.
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