【IJMPLNT 2216 交流专区】IJM种植

icy97

最新業績料無驚喜‧怡保種植估值偏高

2014-04-15 16:42      
（吉隆坡15日訊）怡保種植（IJMPLNT,2216,主板種植組）下月出爐的2014財政全年業績表現料將符合預期，同時，大華繼顯研究預料，該公司在2015財政年的鮮果串產量和棕油平均價格將報更佳表現，惟目前價格飆升過高而維持“賣出”評級。

價格飆升過高

大華繼顯表示，該公司即將在5月27日出爐的2014財政全年業績報告料在棕油平均售價走低的情況下，表現符合預期。

“鑑於棕油價格上揚，我們預期該公司的末季平均售價將轉佳，但按年成長或走低。”

該行預測怡保種植2014年淨利為5千200萬令吉，調整後淨利為9千700萬令吉，低於前一年的1億2千萬令吉。

大華繼顯表示，該公司在2014財政年的鮮果串產量報72萬9千801公噸，上揚了5.4%，主要受印尼油棕園坵生產走強推動，惟大馬園坵卻因天氣的負面影響而導致鮮果串產量下跌。

“儘管我們預期產量成長上揚主要貢獻自印尼園坵，但該公司印尼業務在2014財政年或仍報損，因外匯動盪影響和新的大型成熟園坵推高生產成本。”

“儘管印尼盾兌美元自去年杪至今年3月杪按季走強7%，並為末季帶來外匯賺益，但印尼盾在首9月貶值高達17%，促使印尼業務報稅前虧損達4千310萬令吉。”

庫存方面，大華繼顯指出，該公司因船運時機問題而導致2014財政年第三季的庫存有所增加，但大多數額外的庫存最終也在末季運出，相信有助於末季的銷售量表現。

展望2015財政年，大華繼顯預料鮮果串產量成長22%，主要動力來自約8千公頃的新成熟範圍以及年輕樹齡種植區的收成增強。

同時，該行也預期棕油平均售價將走高至每公噸2千950令吉。

基於2016財政年財測15倍本益比，大華繼顯認為怡保種植的目標價為3令吉20仙，並給予“賣出”評級。

“目前的價格已反映出2015和2016財政年的產量成長預測，惟若棕油價格繼續上揚，我們也不排除股價會續攀升的可能，因該股在2007年厄爾尼諾時期曾在23.1倍本益比的價格交易，因此若厄爾尼諾在今年杪發生，我們的目標價將最高調至4令吉93仙。”（星洲日報／財經‧報道：劉國通）

icy97

怡保種植評級上修

2014-04-22 16:56      
（吉隆坡22日訊）怡保種植（IJMPLNT,2216,主板種植組）鮮果串及盈利預測短期下調，分析員移除出口稅折價因素後，調高未來原棕油價預測、評級及目標價。

怡保種植2014財政年鮮果串產能72萬9千噸，按年成長5.4%，低於77萬5千噸預測。

興業研究相信，低產能主要是受東加里曼丹園丘於2013下半年乾旱氣候所致，因此下調鮮果串產能，但考量未來幾年新區域將達到熟成期，維持2015至2016財政年成長10至12%預測。

移除出口稅折價因素後，該行決定調高原棕油價預測，預計2015財政年將從每噸的2千585令吉提高至每噸2千750令吉，2016財政年則從2千680令吉調升至2千850令吉。

該行是在大馬政府於2013年1月實行新出口稅機制後，把出口稅折價納入怡保種植原棕油價預測，因原本預計上游業者，如怡保種植，在本地煉油者大幅度折價採購之下，將開始出口，後來卻因折價已大幅度收窄，鼓勵業者繼續在本地銷售。

“考量此狀況，沒有必要把此折價納入怡保種植2015財政年之後的原棕油價預測。”

鑒於上述因素，下調2014財政年盈利預測6.6%，但是調高2015至2016財政年預測5.7至6.2%，目標價調漲至3令吉16仙，下行風險移除，評級調高至“中和”。（星洲日報／財經‧報道：郭曉芳）

icy97

IJM PLANTATIONS BERHAD

EX-date	10/06/2014
Entitlement date	12/06/2014
Entitlement time	05:00:00 PM
Entitlement subject	Interim Dividend
Entitlement description	7 sen per share (Single Tier)
Period of interest payment	to
Financial Year End	31/03/2014
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Tricor Investor Services Sdn Bhd (118401-V) Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel: 03-22643883 Fax: 03-22821886 Email:is.enquiry@my.tricorglobal.com
Payment date	01/07/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	12/06/2014
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.07

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2014	31/03/2013	31/03/2014	31/03/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	188,016	135,116	646,981	486,277
2	Profit/(loss) before tax	78,816	29,460	109,083	156,613
3	Profit/(loss) for the period	58,574	21,871	83,091	118,448
4	Profit/(loss) attributable to ordinary equity holders of the parent	52,405	22,199	88,640	119,571
5	Basic earnings/(loss) per share (Subunit)	6.53	2.77	11.05	14.91
6	Proposed/Declared dividend per share (Subunit)	7.00	7.00	7.00	7.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.7200		1.7400

icy97

IJM种植看好印尼业务 鲜果串产量可超越大马

财经新闻 财经  2014-08-23 10:07
（吉隆坡22日讯）IJM种植（IJMPLNT，2216，主板种植股）总执行长兼董事经理郑俊冀预计，旗下印尼鲜果串产量将在本财年增长一倍，有望在未来3年内超越大马产量。

郑俊冀在股东大会后表示，随着印尼油棕树逐渐成熟，截至3月杪2014财年全年鲜果串产量飙增162%，达14万4000吨；2013财年全年仅5万5000吨。
“印尼棕油树开始成熟，接下来的产量也会继续增加，预料本财年产量可倍增，达28万8000吨。”

3年内赶超大马

他根据目前进度，预计印尼产量将在3至4年内，超越大马。

目前，大马每年产量为60万吨。

他解释，由于大部分的大马种植地已经成熟，且展开了再种植计划，加上缺乏可开发种植土地，每年产量将稳在60万吨水平。

“就因如此，印尼将会是冲破产量增长瓶颈的重要市场。”

目前，IJM种植在印尼和大马，分别拥有3万公顷和2万5000公顷种植地，而印尼的三分之二油棕树正迈向成熟。

冀种植地增至7万公顷

郑俊冀设下目标，在本财年增加马印两国已种植土地至7万公顷。

“现在两国已种植土地有5万5000公顷，而我们手上目前拥7万公顷土地，希望在未来一、两年内可以全面种植。”

虽然手上还有未种植土地，但他也持续物色合适土地。

“如果价钱合理，而且又有这个机会，为什么不呢？但我不认为大马还有多余的种植地。”

此外，郑俊冀认为，今年全年原棕油平均价格将位于每公吨2000令吉左右水平。

“上半年平均价格在2590令吉，但进入下半年后逐渐走跌，因为迈入鲜果串开始收成，而且豆油也丰收，加上原油价格保持稳定，以及艾尔尼诺发生的几率逐渐变小，这都抑制价格上行。”【南洋网财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2014	30/06/2013	30/06/2014	30/06/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	177,768	134,496	177,768	134,496
2	Profit/(loss) before tax	31,118	2,929	31,118	2,929
3	Profit/(loss) for the period	23,485	2,212	23,485	2,212
4	Profit/(loss) attributable to ordinary equity holders of the parent	26,117	2,919	26,117	2,919
5	Basic earnings/(loss) per share (Subunit)	3.23	0.36	3.23	0.36
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.6500		1.7200

APULA

icy97 发表于 27-8-2014 05:01 AM

IJM种植毛利激增9.7倍
二零一四年九月十一日 晚上七时九分
http://www.kwongwah.com.my/news/2014/09/11/92.html

（吉隆坡11日讯）IJM种植有限公司（IJMPLNT，2216，种植组）公布，在截至2014年6月30日止第1季度，所取得的税前利润按年从290万令吉激增9.7倍至3112万令吉。

至于营业额则由前期的1亿3450万令吉上升至1亿7777万令吉。

该集团致函大马交易所说，预计现财年的盈利水平将会令人满意，因为印尼的年轻成熟园丘农作物产量较高。

但是，它预期原棕油价格和外汇汇率的不确定性，将会影响集团的盈利能力。

icy97

Expiry/Maturity of the securities

IJM PLANTATIONS BERHAD

Type of Securities	Warrants
Type of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion Price	Cash
Exercise/Strike/Conversion Price	MYR 2.6200
Exercise/ Conversion Ratio	1:1
Settlement Type/ Convertible into	Physical (Shares)
Last Date & Time for Trading	21/10/2014 05:00 PM
Date & Time of Suspension	23/10/2014 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	31/10/2014 04:00 PM
Date & Time of Expiry	07/11/2014 05:00 PM
Date & Time of Delisting	10/11/2014 09:00 AM

Attachments Notice to Warrant Holders.pdf

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1754009

---

Announcement Info

Company Name	IJM PLANTATIONS BERHAD
Stock Name	IJMPLNT-WA
Date Announced	1 Oct 2014
Category	Expiry / Maturity / Termination of Securities
Reference No	IP-141001-33096

icy97

吉隆甲洞1380万入股 成IJM 种植印尼伙伴

财经新闻 财经  2014-11-22 12:02
（吉隆坡21日讯）吉隆甲洞（KLK，2445，主板种植股）将以504亿印尼盾（约1380万令吉）入股一家印尼公司，成为IJM种植（IJMPLNT，2216，主板种植股）的联营伙伴。

吉隆甲洞子公司吉隆甲洞种植控股，将认购PT Perindustrian Sawit Synergi（联营公司）的5万400股，或相等于缴足资本的63%。

而IJM种植子公司Gunaria，将持有该联营公司的32%股权，其余5%属于慕集姆沙莫达。

三方将通过联营公司，在印尼加里曼丹东部，设立棕油提炼厂和打入其他下游业务。

吉隆甲洞是配合扩展原棕油下游业务的策略，决定与IJM种植和另一名股东联营投资。【南洋网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	Conditional Share Subscription Agreement for Subscription up to 32% Equity Interest in PT Perindustrian Sawit Sinergi, Indonesia
Gunaria Sdn Bhd (“Gunaria”), a wholly-owned subsidiary of the Company, has on 21 November 2014 entered into a Conditional Share Subscription Agreement (“CSSA”) with KL-Kepong Plantation Holdings Sdn Bhd (“KLKP”), a wholly-owned subsidiary of Kuala Lumpur Kepong Berhad, and two (2) existing shareholders for subscription of 25,600 new shares of Rp.1,000,000 each in PT Perindustrian Sawit Sinergi (“PT PSS”) for a total cash consideration of Rp.25,600,000,000 (approximately RM6,900,000) (“the Proposed Subscription”). Pursuant to the CSSA, the shareholding ratio of Gunaria, KLKP and the existing shareholders will be 32:63:5. PT PSS is a limited liability company incorporated in Indonesia on 11 August 2014 with the share capital of 1,000 shares of Rp.1,000,000 each. PT PSS will be a joint venture vehicle of the parties to establish an integrated palm oil refinery complex, kernel crushing plant, sale of refined or processed oil palm products or its derivative. The conditions precedent to the Proposed Subscription include the following:- (a)     completion of the due diligence; and (b)     approval from the Badan Koordinasi Penanaman Modal Indonesia for the conversion of PT PSS into a foreign investment company and change of shareholding composition of PT PSS. The Proposed Subscription is part of the long term business strategy of the Group to expand its operations in Indonesia. None of the Directors nor substantial shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Proposed Subscription and no approval of shareholders is required.  The Proposed Subscription is not expected to have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 March 2015.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2014	30/09/2013	30/09/2014	30/09/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	173,730	149,152	351,498	283,648
2	Profit/(loss) before tax	34,392	-3,858	65,510	-929
3	Profit/(loss) for the period	25,877	-6,066	49,362	-3,854
4	Profit/(loss) attributable to ordinary equity holders of the parent	27,101	2,799	53,218	5,718
5	Basic earnings/(loss) per share (Subunit)	3.29	0.35	6.53	0.71
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.7000		1.7200

icy97

怡保種植盈利展望謹慎
2014-11-26 16:55
http://biz.sinchew.com.my/node/106189?tid=18

怡保工程旗下的怡保種植（IJMPLNT,2216,主板種植組），第二季及首6個月淨利表現超越市場預測，惟由於預測未來季度的原棕油價走軟，使分析員謹慎看待未來盈利表現。

肯納格關注最近原棕油價格走低對該公司影響，有鋻於此將在近期里下調原棕油價格預測，從而拉低2016年財政年的淨利預測。

安聯星展研究指出，怡保種植第二季核心淨利超越預測，主要是偏高的銷售額部份抵銷印尼種植業務成本走高的利空；由於預料原棕油價格將在今年第四季及明年首季走軟，保持淨利預測。


（星洲日報／財經‧報道：李文龍）

icy97

油棕產能受雨季影響‧怡保種植財測維持

2015-01-12 17:12      
（吉隆坡12日訊）怡保種植（IJMPLNT,2216,主板種植組）短期鮮果串產能料受國內潮濕氣候影響走低，印尼業務長期獲利潛能備受看好，分析員維持財測不變。

達證券與怡保種植管理層會面後指出，2014年12月鮮果串產能因潮濕氣候影響收成及運輸，按月下滑19%至6萬6千700公噸，預計此季節因素將延續至2015年第1季。
管理層預測，因豪雨及隨時會發生水災令鮮果串運輸困難，1月及2月份的鮮果串產量將低於12月。

目前季候風已吹向沙巴及西加里曼丹。

2015財政年，怡保種植管理層保持鮮果串產量60萬至62萬公噸的指引。

管理層估計，2016財政年沙巴鮮果串產量料因2014年第一季干旱拖累走低，初使產量目標約58萬公噸，不過這將受印尼鮮果串超過50%強勁成長至40萬公噸抵消。

第三季面臨1千萬匯率虧損

另外，管理層也指出，受美元走強7.8%影響，該集團將在2015財政年第三季面臨約1千萬令吉未兌現匯率虧損，同時考慮在第一期美元定期貸款於2016年截止前再融資。

目前該集團有約1億9千300美元（約6億8千930萬令吉）貸款。

根據管理層，不包括匯率虧損，印尼種植業務已在2014財政年達到收支平衡，並預測原棕油價在每噸2千300至2千400令吉水平，2016財政年有望維持獲利。

2016年杪，印尼的總成熟種植區將達到2萬6千公頃。

達證券預測，當印尼鮮果串產量超越沙巴，印尼業務盈利將從2018財政年起大躍近，長期看好其強大盈利潛能。

有鑑於此，達證券維持怡保種植“買進”評級及目標價4令吉26仙不變。（星洲日報／財經‧報道：郭曉芳）

icy97

印尼业务支撑 IJM 种植增长势头看俏

财经新闻 财经  2015-02-08 11:06
（吉隆坡7日讯）肯纳格投行看好IJM种植（IJMPLNT，2216，主板种植股）的印尼种植业务前景，认为印尼将可成为该公司未来的盈利增长推动力。

报告指出，印尼油棕鲜果串产量，有望在未来两年将两倍增长至35万公吨。

综合马印两国业务，今明两年的鲜果串总产量预计介于83万至93万公吨，符合该机构预测的81万至91万公吨。

印尼鲜果串产量增长预计在2017年时，可追上大马产量，届时，印尼种植业务将是公司最大的收入来源。

大马种植业务，大马的2万5300公顷种植地，其中的88%树龄均为8年以上，未来鲜果串产量将持续递减。

2年开销1.5-2亿

另外，该公司未来两年的支出开销，介于1.5亿令吉至2亿令吉，其中超过80%集中在印尼，公司计划在印尼增建新提炼厂，目前，印尼已拥有一座提炼厂，另一座则在兴建中。

虽然印尼业务增长加速，但由于大马产量减少，将使该公司鲜果串产量增长局限在11%，尽管如此，11%的增幅依然高于业界平均的7%增长。

在成本方面，虽然肥料与物流成本下滑，但因劳力成本增加，原棕油生产成本料无太大变动。

放眼未来，该公司最大盈利增长推动力源自印尼业务，约5000公顷地段将在今明两年陆续成熟，到时该公司的种植地段，将增至3万5000至3万9000公顷。

油棕树龄平均7.2年

IJM种植的油棕树龄平均为7.2年，相较种植领域的10.4年，树龄较为年轻，鲜果串产量增长前景较佳。

不过，原棕油价格走势低迷依然是种植领域的最大担忧，原棕油价格目前为每公吨为2200令吉。

肯纳格投行维持该公司2015至2016财年的净利预测，预计介于1.58亿至1.64亿令吉之间。

至于派息，在拟出支出开销计划后，该机构相信IJM种植仍有能力从2亿1200的营运现金中，拨出7100万令吉作为派息，相当于每股8.3仙。

如果该公司推出新的支出开销计划，净负债比例预计将超越目前预测的0.3倍水平，45%的派息制度也将重新调整。



【南洋网财经】

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SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	183,412	175,317	534,910	458,965
2	Profit/(loss) before tax	38,713	31,196	104,223	30,267
3	Profit/(loss) for the period	26,331	28,371	75,693	24,517
4	Profit/(loss) attributable to ordinary equity holders of the parent	27,122	30,517	80,340	36,235
5	Basic earnings/(loss) per share (Subunit)	3.16	3.81	9.69	4.52
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8100		1.7200

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Date of change	05/04/2015
Name	Dato' Teh Kean Ming
Age	60
Nationality	Malaysian
Designation	Non-Executive Director
Directorate	Non Independent & Non Executive
Type of change	Resignation
Reason	Dato' Teh Kean Ming will cease to be the nominee Director of IJM Corporation Berhad ("IJM") on the Board of the Company after his resignation as the Director of IJM with effect from 5 April 2015.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of the shareholders	No
Qualifications	Bachelor of Engineering degree from University of New South Wales, Australia.
Working experience and occupation	Dato' Teh was appointed Director on 9 July 2009. He was a Resident Civil & Structural Engineer of Dayabumi Phase 3 Project (1981-1983) and Menara Maybank (1983-1987) and Area Engineer of Antah Biwater J.V. Sdn Bhd (1987-1989) prior to joining IJM Construction Sdn Bhd as Project Manager (1989-1993), Senior Manager (Project)(1994-1997) and Project Director (1998-2001). He was the Group General Manager of IJM from 1 April 2001 to 31 December 2004. He was also the head of the Property Division of IJM from 2001 to 2008 and the Managing Director ("MD") of IJM Properties Sdn Bhd from 1 January 2005 to 10 June 2009. He joined the Board of IJM as an Alternate Director on 1 September 2005 and was the Deputy Chief Executive Officer ("CEO")& Deputy MD of IJM from 1 July 2008 to 31 December 2010. He was then appointed CEO & MD of IJM on 1 January 2011. He will retire as the CEO & MD of IJM with effect from 5 April 2015.
Directorship of public companies (if any)	IJM Corporation Berhad, IJM Land Berhad, Scomi Group Bhd, ERMS Berhad and Road Builder (M) Holdings Bhd.
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	(1) IJM Land Berhad - 147,000 Shares (Direct) and 15,200 Shares (Indirect); (2) IJM Corporation Berhad - 64,000 Shares (Direct) and 115,800 Shares (Indirect); (3) IJM Corporation Berhad - 468,900 Shares (number of Shares awarded and vested under an Employee Share Grant Plan); and (4) IJM Corporation Berhad - 1,320,000 Options (number of Options over Ordinary Shares awarded and vested under an Employee Share Option Scheme).

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Date of change	06/04/2015
Name	Dato' Soam Heng Choon
Age	55
Nationality	Malaysian
Type of change	Appointment
Designation	Executive Director
Directorate	Non Independent & Non Executive
Qualifications	Bachelor of Science (1st Class Honours) in Civil Engineering from University of Strathclyde, United Kingdom.
Working experience and occupation	Dato' Soam is currently the Deputy Chief Executive Officer ("CEO") & Deputy Managing Director ("MD") of IJM Corporation Berhad ("IJM") and he will be re-designated as the CEO & MD with effect from 6 April 2015. He was also the Executive Director of IJM Land Berhad ("IJML") on 25 May 2004 and subsequently the MD on 2 October 2006. He was redesignated CEO & MD of IJML on 1 February 2010 and will cease to be the CEO & MD of IJML on 5 April 2015. Dato' Soam was with the Ministry of Works for 10 years prior to joining Road Builder (M) Holdings Bhd Group in 1989. He has extensive experience in construction and property development.
Directorship of public companies (if any)	IJM Corporation Berhad, IJM Land Berhad, ERMS Berhad and Construction Research Institute of Malaysia (CREAM)(Trustee)
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	(1) IJM Land Berhad - 451,500 Shares (Direct); (2) IJM Corporation Berhad - 23,100 Shares (Direct); (3) IJM Corporation Berhad - 67,900 Shares* (provisional number of Shares awarded under an Employee Share Grant Plan); and (4) IJM Corporation Berhad - 134,700 Options and 525,250 Options* (provisional number of Options over Ordinary Shares awarded under an Employee Share Option Scheme) * The vesting of the Shares and Options are subject to the fulfillment of the relevant vesting conditions as at the relevant vesting dates.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	132,756	188,016	667,666	646,981
2	Profit/(loss) before tax	-14,816	78,816	89,407	109,083
3	Profit/(loss) for the period	6,604	58,574	82,297	83,091
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,082	52,405	90,422	88,640
5	Basic earnings/(loss) per share (Subunit)	1.14	6.53	10.74	11.05
6	Proposed/Declared dividend per share (Subunit)	6.00	7.00	6.00	7.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8300		1.7200

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EX-date	23 Jun 2015
Entitlement date	25 Jun 2015
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	6 sen per share (Single Tier)
Period of interest payment	to
Financial Year End	31 Mar 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	Bursa Malaysia Depository Sdn Bhd2nd Floor, Exchange SquareBukit Kewangan50200 Kuala LumpurTel: 603-20347751   Fax: 603-20263712
Payment date	07 Jul 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	25 Jun 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0600
Par Value	Malaysian Ringgit (MYR) 0.500

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印尼子公司拖累　IJM种植目標价下调

财经  2015年07月01日
（吉隆坡1日讯）鉴于印尼子公司面对2大负面因素，分析员预测IJM种植（IJMPLNT，2216，主板种植股）2016財政年（3月31日结账）盈利或受衝击，所以下调该公司的目標价格，並维持该股「守住」投资评级。

以上的负面因素，包括：一、印尼政府即將推行原棕油出口税；二、印尼子公司的1亿9300万美元贷款料將蒙受外匯兑换亏损。

IJM种植今天股价与大市背道而驰，全天跌7仙或1.94%，至3.53令吉。

安联星展研究分析员指出，IJM种植自2012財政年起积极发展印尼业务，并预期未来3年鲜果串（FFB）產量的年复合成长率（CAGR）將提高12.1%。

鲜果串產量下滑

分析员称，IJM种植2015財政年第4季的鲜果串產量按季下滑30%，该公司指出，这是由于高基数效应、乾燥气候以及新的成熟种植面积增加30%所致。

「该公司鲜果串產量按年下滑34%，致使產量受到影响的原因，不仅是气候，还包括成熟的种植面积增加。」

另外，该分析员认为，未开发种植地的面积减少，亦是IJM种植的一道难题。

他说，该公司在印尼未种植的地库面积仅5000公顷，而该公司有意將其位于沙巴的老棕油树面积，进行翻种计划。

分析员补充道，「该公司缺乏经济规模，所以仍无法涉及下游业务。因此，我们相信，其下一步动作將是增加土地面积。我们认为，疲软的原棕油价格，以及相对较低的净负债对股本比率0.2倍，將有利于收购计划。」

除此之外，分析员指出，他对IJM种植的预测所將面对的潜在风险，包括原棕油价格走势。原棕油价格可影响IJM种植的股价，当原棕油价格上升时，股价將隨之上扬，反之则不然。此外，厄尔尼诺也可影响该公司的產量、现金流及股价表现。

其他的潜在因素包括，逐渐成熟的种植面积、產量、以及季节性的需求。

「该公司的成熟面积预计將由目前的4万4300公顷，扩大至2018財政年的5万5900公顷。另外，该公司在大马拥有4家厂房，在印尼则有2家，分析员预测印尼厂房的鲜果串產量，可加速成长。」

基于短期缺乏可推动该公司盈利的要素，分析员维持该股「守住」投资评级，并將目標价从3.80令吉，下调至3.60令吉。【东方网财经】


IJM 种植 放眼提高地库
财经 股市 行家论股  2015-07-02 10:46
http://www.nanyang.com/node/709869?tid=462

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怡保種植前景可好？

2015-07-12 19:25      

Ang問：
怡保種植（IJMPLNT，2216，主板種植組）前景可好？

答：
怡保種植的印尼園丘收成受天氣影響，加上美元走強，分析員預計該公司2016財政年備受影響。

安聯研究表示，該公司2012年進軍印尼種植地庫，過去3年，每年鮮果串（FFB）產量複合成長率（Cagr）達12.1%，惟2015財政年第四季，受到干旱天氣影響及30%成熟種植地的增加，以致產量按年下跌34%至每英畝3.7噸。

此外，該公司在印尼擁有1億9千300萬美元的借貸，該筆借貸受外匯走高而提高成本。

分析員認為，天氣及新增成熟地庫的提高，將會持續稀釋該公司鮮果串的產量。目前該公司在印尼尚有5千公頃未種植的地庫。

該公司有意系統化翻新沙巴老舊的種植地庫，惟分析員認為該公司目前的經濟規模還不足以進軍種植業的下游業務。

該公司的淨負債比為0.2倍，加上原棕油價低迷，安聯相信，該公司下一步可能會收購更多的地庫。

該行維持該股“守住”評級不變，目標價為3令吉60仙。（星洲日報／投資致富‧投資問診‧文：李文龍）