【HSPLANT 5138 交流专区】合成种植

APULA

EX-date	06/03/2015
Entitlement date	10/03/2015
Entitlement time	05:00:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second interim dividend of 5 sen per ordinary share of RM1.00 each under the single-tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of schedule 6 of the Income Tax Act,1967 in respect of the financial year ended 31 December 2014 payable in cash
Period of interest payment	to
Financial Year End	31/12/2014
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 Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur Tel No. 603-22643883 Fax No. 603-22821886
Payment date	25/03/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	10/03/2015
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	0.05

icy97

Date of change	23/02/2015
Name	Datuk Simon Shim Kong Yip
Age	58
Nationality	Malaysian
Type of change	Redesignation
Previous Position	Director
New Position	Deputy Chairman
Directorate	Non Independent & Non Executive
Qualifications	Master Degree in law from University College London, London University
Working experience and occupation	Datuk Simon Shim is the managing partner of Messrs Shim Pang & Co and is a Barrister-at-law of the Lincoln’s Inn, London, an Advocate and Solicitor of the High Court in Sabah and Sarawak, a Notary Public and a Justice of the Peace in Sabah. He is a Chartered Arbitrator and a Fellow of both the Chartered Institute of Arbitrators, United Kingdom and the Malaysian Institute of Arbitrators. He is a member of the Malaysian Corporate Law Reform Committee and its working group on Corporate Governance and Shareholders’ Rights. Datuk Simon Shim is a non-independent non-executive director of Hap Seng Consolidated Berhad. He is also an independent non-executive director of Lam Soon (Thailand) Public Company Limited, a company listed on the Stock Exchange of Thailand. Datuk Simon Shim is a director of both Lei Shing Hong Limited and Lei Shing Hong Securities Limited. Lei Shing Hong Securities Limited, a company registered with the Securities and Futures Commission Hong Kong, is a wholly-owned subsidiary of Lei Shing Hong Limited, a company incorporated in Hong Kong.
Directorship of public companies (if any)	Hap Seng Consolidated Berhad
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Holds 180,000 Hap Seng Plantations Holdings Berhad's shares

icy97

合成種植可買進嗎？

2015-03-15 19:22      

Tan問：
棕油股跌了很久，但相信長期是會向上的。我想知道，合成種植（HSPLANT，5138，主板種植組）可買進嗎？最新業績如何？前景可看好？

答：
合成種植的2014財政年收成不錯，但分析員認為沙巴和半島南部原棕油價差擴大，加上鮮果串產量增長放緩，反而削減2015和2016財政年盈利目標。

聯昌研究指出，基於棕油產品售價及鮮果串產量下跌，合成種植2014財政年第四季淨利按年下跌9%至3千600萬令吉，按季則因高鮮果串產量和低肥料成本走揚53%。全年淨利在高產量和棕仁油產品售價走揚下，按年增長32%。

全年鮮果串產量比預期低2%，主要受到末季園坵產量下跌所致，去年原棕油平均售價則為每公噸2千385令吉，但沙巴和半島南部的原棕油售價差距擴大至每公噸60至70令吉，因此為反映沙巴州低原棕油售價，削減2015至2016財政年淨利3至7%。

艾芬黃氏研究也在考量低鮮果串產量後，削減2015和2016財政年核心淨利2.5%和4.8%，而每股股息也從14仙削減至13仙。

該行認為，雖然合成種植管理不俗，也提供良好的週息率，但管理層卻沒有計劃顯著提高種植面積，因此鮮果串產量前景並不卓越，維持“賣出”評級不變，合理價2令吉39仙。

相比之下，聯昌研究則比較樂觀，建議投資者持續“守住”，以反映誘人週息率、強勁現金水平和種植資產遭低估因素，合理價則為2令吉64仙。（星洲日報／投資致富‧外匯利率）

APULA

5138    HSPLANT    HAP SENG PLANTATIONS HOLDINGS

Quarterly rpt on consolidated results for the financial period ended 31/03/2015

Quarter: 1st Quarter Financial Year End: 31/12/2015 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/03/2015 31/03/2014 31/03/2015 31/03/2014 RM '000 RM '000 RM '000 RM '000 1 Revenue 113,812 138,426 113,812 138,426 2 Profit/Loss Before Tax 29,079 57,377 29,079 57,377 3 Profit/(loss) attributable to ordinary equity holders of the parent 21,493 42,225 21,493 42,225 4 Net Profit/Loss For The Period 21,493 42,225 21,493 42,225 5 Basic Earnings/Loss Per Shares (sen) 2.69 5.28 2.69 5.28 6 Dividend Per Share (sen) 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 (RM) 2.4100 2.4400

icy97

原棕油價格低迷‧合成種植盈利料放緩

2015-07-06 17:02      
（吉隆坡6日訊）合成種植（HSPLANT，5138，主板種植組）對在印尼和其他地方的土地收購保持謹慎，並計劃在沙巴建提煉廠和投資建生物氣體計劃，分析員認為，該公司首半年盈利會放緩，惟看好翻新種植地庫及高週息率，提煉計劃也讓該公司每年可省下1千700萬令吉。

艾芬黃氏研究表示，基於原棕油價格低迷，以致合成上半年淨利走低；不過，進軍提煉業務的賺幅雖不高，卻可以攫取沙巴溢價，目前每公噸介於40至100令吉。

根據該集團的棕油生產約17萬3千公噸計算，沙巴的100令吉價差可以讓該公司每年節省約1千700萬令吉。

同時，該公司也投資4千萬令吉於一項2階段的生氣氣體計劃，這將有助讓該公司參與政府電力收購制度，同時削減電費成本。

合成種植也在種植管理方面有成果，在去年加入“每公頃5噸年收成”聯盟，有關業者包括IOI集團（IOICORP，1961，主板種植組）的5.1公噸與怡保種植（IJMPLNT，2216，主板種植組）的5.2公噸。

該公司會繼續種植管理，目標是放眼今年翻種1千公頃種植地庫。

艾芬黃氏表示，基於肥料及較低收成之故，預計2015年的原棕油每公噸的成本為略升至1千100令吉，加上厄爾尼諾（El Nino）現象持續增強，預期全年鮮果串將減少3.8%至70萬噸。

根據大馬棕油局數據，半島棕油價在上半年按年下跌14.8%，，第二季按年降14.5%，按季跌3.2%。

艾芬因此維持合成種植的財測，2015年全年淨利預測下跌10.6%至1億1千500萬令吉；2016和2017年分別取得1億5千340萬令吉和1億6千320萬令吉的淨利。

合成種植2015財政年週息率預計為4%，較平均高，因此艾芬上調評級與目標價，從“賣出”上調至“持有”評級，目標價從2令吉31仙上調至2令吉50仙。

該公司的下跌風險包括經濟成長緩和、菜油生產比預期高、生產成本走高和任何的政策修改。（星洲日報／財經‧報導：謝汪潮）

icy97

次季营运开支企高　协成种植净利跌39%

4/09/201522:25
（吉隆坡4日讯）归咎于营业额走低和营运开支企高，协成种植有限公司（HSPLANT，5138，种植组）截至6月杪的2015财年次季净利按年跌挫39%至1629万令吉，上财年净赚2669万令吉。

次季营业额也下滑8%至9805万令吉，上财年次季营业额报1亿701万令吉。即便原棕油销量企高（+13%）抵消了部分影响，惟原棕油和棕仁平均价格走低仍旧促使营业额探低。

现财年次季的原棕油和棕仁平均售价各别为每吨2180令吉和1966令吉，上财年次季各别为2600令吉和1966令吉。

此外，该公司也宣布派发每股3仙的免税中期股息，派息日定于9月29日。

总结2015财年首6个月的业绩表现，协成种植净利暴跌45%至3778万令吉，上财年净赚6892万令吉；营业额也下跌13.7%至2亿1187万令吉，上财年同期营业额报2亿4543万令吉。

对于来年的展望，协成种植表示，随着全球需求疲弱，加上原油价格走低，以及食用油价格较低的竞争，棕油价格料将持续波动。

“然而，今年下半年鲜果串产量料季节性走高，可能进一步冲击棕油价格走势。我们将致力于提高鲜果串产量、原棕油和棕仁的萃取率，同时也尽量压低成本，以抵消棕油价格的下行风险。”

尽管如此，该公司仍对2015财年的业绩表现抱持审慎乐观的态度。【光华日报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	98,054	107,008	211,866	245,434
2	Profit/(loss) before tax	23,046	36,672	52,125	94,049
3	Profit/(loss) for the period	16,289	26,693	37,782	68,918
4	Profit/(loss) attributable to ordinary equity holders of the parent	16,289	26,693	37,782	68,918
5	Basic earnings/(loss) per share (Subunit)	2.04	3.34	4.72	8.62
6	Proposed/Declared dividend per share (Subunit)	3.00	6.00	3.00	6.00
		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 ($$)	2.4300		2.4400

icy97

EX-date	08 Sep 2015
Entitlement date	10 Sep 2015
Entitlement time	05:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	First interim dividend of 3 sen per ordinary share of RM1.00 each under the single tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of schedule 6 of the Income Tax Act,1967 in respect of the financial year ending 31 December 2015 payable in cash
Period of interest payment	to
Financial Year End	31 Dec 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	Tricor Investor Services Sdn BhdLevel 17, The Gardens North TowerMid Valley City, Lingkaran Syed Putra59200 Kuala LumpurTel No. 603-22643883Fax No. 603-22821886
Payment date	29 Sep 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	10 Sep 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	0.0300
Par Value	Malaysian Ringgit (MYR) 1.000

APULA

原棕油攀至2400水平‧合成種植揚15仙
2015-09-30 11:20   
http://biz.sinchew.com.my/node/123431?tid=18
  
（吉隆坡29日訊）原棕油價悄悄攀升至2千400令吉水平，刺激種植股投資情緒，合成種植（HSPLANT，5138，主板種植組）受大環境氣氛感染，週二逆市揚升15仙或7.31%。

雖然全球股市賣壓劇現，合成種植走勢卻一支獨秀，開高收高，最終以2令吉20仙全天最高收市，但交投不多，只有10萬9千200股。

受厄爾尼諾干旱現象、馬印聯手救市、種植業將進入低產期等因素影響，原棕油期貨市場行情近期重新轉強，使兩個月前一度跌破2千令吉的指標期貨行情上演反彈，種植股股價也稍有起色。
截至週二閉市，棕油指標12月貨掛2千450令吉，全天漲56令吉，明顯從早前谷底中反彈。

股價：2令吉20仙
總股本：8億股
市值：17億6千萬令吉
30天日均成交量：4萬股
最新季度營業額：9千805萬4千令吉
最新季度盈虧：1千628萬9千令吉
每股淨資產：2令吉43仙
本益比：16.87倍
週息率：3.90%
大股東：合成（HAPSENG，3034，主板貿服組）（52.95%）（星洲日報／財經）

icy97

棕油销量和售价齐跌 合成种植赚2162万

财经新闻 财经  2015-11-25 08:59
（吉隆坡24日讯）原棕油销量和平均售价齐跌，拖累合成种植（HSPLANT，5138，主板种植股）截至9月30日第三季净利，按年下跌7.88%。

该公司净赚2162万2000令吉，低于去年同期的2347万1000令吉。

营业额则按年走低16.7%，从1亿2340万5000令吉，跌至1亿280万6000令吉。

累积首9个月，净利按年挫35.7%，至5940万4000令吉；营业额则跌14.7%，报3亿1467万2000令吉。

合成种植指出，鉴于原棕油价格恐会受到库存走高影响，加上主要进口国家需求放缓和其他植物油的竞争，促使原棕油市场近期充满不确定因素。

不过，埃尔尼诺（El Nino）所引起的担忧，近期将提振原棕油价格。

该公司持续提升鲜果串收益、降低成本和库存水平，以缓冲原棕油市场充斥不稳定因素而引发的下行风险，同时谨慎乐观看待可交出全年令人满意的业绩。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	102,806	123,405	314,672	368,839
2	Profit/(loss) before tax	30,115	32,132	82,240	126,181
3	Profit/(loss) for the period	21,622	23,471	59,404	92,389
4	Profit/(loss) attributable to ordinary equity holders of the parent	21,622	23,471	59,404	92,389
5	Basic earnings/(loss) per share (Subunit)	2.70	2.93	7.43	11.55
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	3.00	6.00
		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 ($$)	2.4300		2.4400

icy97

合成种植 3年财测降8至11%

财经 股市 行家论股  2015-11-26 12:38

目标价：2.50令吉

最新进展
合成种植（HSPLANT，5138，主板种植股）截至9月30日第三季净利，按年下跌7.88%，至2162万2000令吉，归咎于原棕油销量和平均售价齐跌。

营业额则按年走低16.7%，跌至1亿280万6000令吉。

累积首9个月，净利按年挫35.7%，至5940万4000令吉。

行家建议
第三季的平均原棕油售价为每吨2086令吉，按年跌6%，而且也略低于2049令吉的领域平均价位。

同时，由于园丘地区的降雨量少过预期，导致首9个月的鲜果串产量，年跌2.5%，加剧净利下跌的幅度。

我们将2015至2017财年的每股净利预估，下调8至11%，主要为反映较低的原棕油价格和鲜果串收成，再加上较高的劳工成本，因为政府决定调高沙巴州的最低薪金15%，至每月920令吉，从明年7月开始生效。

3至4%的可观周息率、截至9月底手持7100万令吉的强劲现金流，以及被低估的种植资产，可支撑股价走势。以目前股价来看，每公顷园丘的企业价值仅5万2000令吉，低于沙巴市价的7万至8万令吉。



分析： 联昌国际研究

【南洋网财经】

APULA

5138    HSPLANT    HAP SENG PLANTATIONS HOLDINGS

Quarterly rpt on consolidated results for the financial period ended 31/12/2015

Quarter: 4th Quarter Financial Year End: 31/12/2015 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2015 31/12/2014 31/12/2015 31/12/2014 RM '000 RM '000 RM '000 RM '000 1 Revenue 120,203 126,727 434,875 495,566 2 Profit/Loss Before Tax 37,986 49,887 120,226 176,068 3 Profit/(loss) attributable to ordinary equity holders of the parent 37,044 35,923 96,448 128,312 4 Net Profit/Loss For The Period 37,044 35,923 96,448 128,312 5 Basic Earnings/Loss Per Shares (sen) 4.63 4.49 12.06 16.04 6 Dividend Per Share (sen) 5.00 5.00 8.00 11.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 2.4800 2.4400

APULA

5138    HSPLANT    HAP SENG PLANTATIONS HOLDINGS

2nd interim dividend 5 sen single tier T.E.

Entitlement Details: Second interim dividend of 5 sen per ordinary share of RM1.00 each under the single tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of schedule 6 of the Income Tax Act,1967 in respect of the financial year ended 31 December 2015 payable in cash Entitlement Type: Second Interim Dividend Entitlement Date and Time: 09/03/2016  05:00 AM Year Ending/Period Ending/Ended Date: 31/12/2015 EX Date: 07/03/2016 To SCANS Date: Payment Date: 24/03/2016

icy97

Date of change	01 Mar 2016
Name	MISS CHEAH YEE LENG
Age	47
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Honours Degree in Bachelor of Laws and Bachelor Degree in Economics (majoring in Accountancy) from Monash University in Australia
Working experience and occupation	Ms Cheah commenced her career as Legal Manager of Hap Seng Consolidated Berhad (HSCB) group of companies in 1997. She was appointed as an executive director of HSCB on 1 June 2014 and is presently the Director of Corporate Affairs and also the Legal Counsel of HSCB Group. In addition, she is a non-independent non-executive director of Paos Holdings Berhad.
Directorship of public companies (if any)	Hap Seng Consolidated Berhad and Paos Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer	No
Any conflict of interests that he/she has with the listed issuer	No
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest - 31,200 ordinary shares of RM1.00 each in the Company

APULA

週息率上探4.9%‧合成種植揚升空間有限
2016-04-07 16:45      
http://biz.sinchew.com.my/node/134499?tid=18

（吉隆坡7日訊）儘管合成種植（HSPLANT，5138，主板種植組）的業務展望限制股價上升空間，但分析員看好其週息率上探4.9%，傲視同儕，有望吸引抗跌買盤。

艾芬黃氏研究說，該公司的種植管理和效率獲得高度評價，其股價已接近賬面值，除非能夠顯著的增加種植面積及釋放種植資產價值，不然股價上升空間將受限。

該行說，與種植領域2.6%週息率相比，合成種植在2016年每股淨利14倍下，週息率預計將能增加至更具吸引力的4.9%。

艾芬黃氏於近期會晤合成種植管理層後，發表報告說，該公司於年初成功收購成熟園坵種植面積達1千500公頃的土地，這將有助提昇種植面積4%至3萬7千公頃。

今年首兩個月，該公司受厄爾尼諾現象影響，鮮果串產量按季下跌44%，按年則下滑25%，預計今年3月的產量繼續疲弱。

放眼鮮果串產量維持71萬公噸

雖然如此，管理層認為今年下半年產量有望恢復及在收購新土地的推動下，放眼今年鮮果串產量將能維持在去年的71萬公噸的水平。

艾芬黃氏說，該公司沒有拓展海外業務的計劃，只持續尋找鄰近土地，此舉將限制種植面積的增加。

該行認為，合成種植的油棕樹平均樹齡15.5歲屬偏高，惟管理層表示榨油率一點也不低，2014和2015年每公頃產量各達5公噸及4.8公噸。

外勞費用肥料價
拉抬成本

艾芬黃氏說，受到外勞費用及肥料價格增加拖累，生產成本也由2014年每公噸1千零64令吉增加至2015年的每公噸1千137令吉。

該行補充，7月起，東馬最低薪金將從800令吉增至920令吉，外勞人頭稅也增加50令吉，預計該公司每公噸生產成本將提高20令吉。

此外，管理層說，雖然該公司的煉油廠計劃因為馬幣疲弱而暫時擱置，但合成種植依然渴望進軍煉油市場，以充份利用沙巴的折扣及棕油永續發展圓桌會議的優勢。

艾芬黃氏說，潛在的煉油產能能讓該公司的棕油年產量固定在17萬公噸的水平。

艾芬黃氏下修該公司的鮮果串產量預測至71萬公噸，也估計銷售成本將減少，並預估2016財政年因為派息率從74%降至68%，股息將從13仙減至12仙，不過，依然維持2016至2018財政年財測。

綜合以上，艾芬黃氏維持“持有”評級及2令吉45仙目標價。（星洲日報／財經‧報導：劉玉萍）


合成种植 生产成本料加重
财经 行家论股  2016-04-08 12:57
http://www.nanyang.com/node/756266?tid=462

Tony-Pua

合成种植首季少赚23%
财经新闻 财经  2016-05-19 11:51
http://www.nanyang.com/node/761977?tid=462

（吉隆坡18日讯）合成种植（HSPLANT，5138，主板种植股）截至3月杪首季，净利按年跌22.54%，从2149万3000令吉，减少至1664万9000令吉或每股净利2.08仙。

当季营业额也按年下滑8.48%，至1亿416万2000令吉，低于去年同季的1亿1381万2000令吉。

合成种植在文告中指出，由于原棕油和棕仁销量萎缩，加上生产成本高企，抵消了原棕油及棕仁平均售价攀升的利好因素，从而冲击了首季业绩。

在这当中，原棕油和棕仁的当季销量，分别是3万7041公吨及6978公吨，按年跌12%与19%，归咎于两者的产量，各按年减少18%和13%。

在首季平均售价方面，原棕油和棕仁分别录得每公吨2375与2029令吉，高于去年同季的2216及1801令吉。

展望今年，虽然原棕油价格已在年初至今走强，但合成种植预期，该价格的涨势将受到全球大豆库存高企的冲击。

5138    HSPLANT    HAP SENG PLANTATIONS HOLDINGS

Quarterly rpt on consolidated results for the financial period ended 31/03/2016

Quarter: 1st Quarter Financial Year End: 31/12/2016 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/03/2016 31/03/2015 31/03/2016 31/03/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 104,162 113,812 104,162 113,812 2 Profit/Loss Before Tax 22,925 29,079 22,925 29,079 3 Profit/(loss) attributable to ordinary equity holders of the parent 16,649 21,493 16,649 21,493 4 Net Profit/Loss For The Period 16,649 21,493 16,649 21,493 5 Basic Earnings/Loss Per Shares (sen) 2.08 2.69 2.08 2.69 6 Dividend Per Share (sen) 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 (RM) 2.4500 2.4800

icy97

合成种植 财测目标价齐下调

财经 行家论股  2016-05-20 12:31

目标价：2.26令吉

最新进展
合成种植（HSPLANT，5138，主板种植股）截至3月杪首季，净利按年跌22.54%，从2149万3000令吉，减少至1664万9000令吉或每股净利2.08仙。

当季营业额也按年下滑8.48%，至1亿416万2000令吉，低于去年同季的1亿1381万2000令吉。

由于原棕油和棕仁销量萎缩，加上生产成本高企，抵消了原棕油及棕仁平均售价攀升的利好因素，从而冲击了首季业绩。

行家建议
合成种植首季核心净利低于预测，仅占我们与彭博社全年预测的15%和14%，归咎于鲜果串收成在埃尔尼诺打击下大幅下跌。

至于首季的原棕油平均售价，则达每吨2375令吉，按年增长7%，符合沙巴业界平均2383令吉的水平。

在最新业绩出炉后，我们把2016至2017财年的每股净利预测，下调10%至33%，而目标价格也因而从2.50令吉，降低至2.26令吉。

不过，我们仍维持“守住”评级，归功于每公顷4万8000令吉的企业价值支撑。



联昌国际

【南洋网财经】

Tony-Pua

5138    HSPLANT    HAP SENG PLANTATIONS HOLDINGS

1st interim dividend 3 sen single tier T.E.

Entitlement Details: First interim dividend of 3 sen per ordinary share of RM1.00 each under the single tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of schedule 6 of the Income Tax Act,1967 in respect of the financial year ending 31 December 2016 payable in cash Entitlement Type: First Interim Dividend Entitlement Date and Time: 09/09/2016  05:00 PM Year Ending/Period Ending/Ended Date: 31/12/2016 EX Date: 07/09/2016 To SCANS Date: Payment Date: 27/09/2016

Tony-Pua

商品走高．合成种植次季多赚22%
http://www.sinchew.com.my/node/1560547/

（吉隆坡24日讯）大宗商品价格走高，提振合成种植（HSPLANT，5138，主板种植组）截至2016年6月30日止第二季净利涨21.52%至1979万4000令吉，首半年净利则下跌3.54%至3643万3000令吉。

第二季营业额起12.75%至1亿1055万6000令吉，抬拉首半年营业额1.35%至2亿1471万8000令吉。

派息3仙

配合业绩，该公司也宣布派发3仙股息，除权日与享有日分别落在9月7日与9月9日。

该公司透过文告表示，次季原棕油及棕仁油售价每公吨报2661令吉及2411令吉，去年同期为2180令吉及1534令吉。

原棕油销售量3万2928吨，按年减少11%，棕仁油销售走高4%至8523吨。原棕油销售走低，管理层归咎于部份原棕油无法如期销售，以致库存走高。

鲜果串收成抵销榨油率走低

鲜果串收成增加，抵销了榨油率走低的利空消息。

首半年净利走低，管理层则归咎于厄尔尼诺天气影响了产量与销售。

展望未来，管理层说，截至7月，原棕油价格每吨报2335令吉，基于近期出口与拉尼娜天气影响，预期上述因素将抬拉原棕油价格。

数据显示，首半年原棕油库存按年减少16%，8月首10日，原棕油出口按月对比起18.1%，因此，管理层乐观看待接下来的业绩表现。

管理层补充，7月实施的最低薪金制与美元走势将对种植领域造成挑战。

文章来源：
星洲日报‧财经‧2016.08.25

5138    HSPLANT    HAP SENG PLANTATIONS HOLDINGS

Quarterly rpt on consolidated results for the financial period ended 30/06/2016

Quarter: 2nd Quarter Financial Year End: 31/12/2016 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/06/2016 30/06/2015 30/06/2016 30/06/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 110,556 98,054 214,718 211,866 2 Profit/Loss Before Tax 27,951 23,046 50,876 52,125 3 Profit/(loss) attributable to ordinary equity holders of the parent 19,794 16,289 36,443 37,782 4 Net Profit/Loss For The Period 19,794 16,289 36,443 37,782 5 Basic Earnings/Loss Per Shares (sen) 2.48 2.04 4.56 4.72 6 Dividend Per Share (sen) 3.00 3.00 3.00 3.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 2.4700 2.4800

哭哭鸟

合成种植Q3净利飙97%
2016年11月24日
http://www.enanyang.my/news/20161124/合成种植q3净利飙97/

（吉隆坡23日讯）合成种植（HSPLANT，5138，主板种植股）截止9月杪第三季，净利按年大增97.49%，从上财年同季的2162万2000令吉，增加至4270万2000令吉，或每股净利5.34仙。

营业额按年上涨55.79%，从上财年同季的1亿280万6000令吉，提高至1亿6016万6000令吉，主要受益原棕油和棕仁的平均售价和销量攀升。

累计首9个月，取得7914万5000令吉净利，按年上扬33.23%。

营业额也上扬19.14%，报3亿7488万4000令吉。

展望未来，虽然忧虑令吉疲软和年杪的气候，可能导致棕油产量下降，但料棕油价格持续强劲，因中国需求提升。

尽管员工最低工资增加、劳力短缺及令吉兑美元波动，将令大马种植业面临挑战，但集团有信心2016财年能取得好成绩。

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	160,166	102,806	374,884	314,672
2	Profit/(loss) before tax	56,892	30,115	107,768	82,240
3	Profit/(loss) for the period	42,702	21,622	79,145	59,404
4	Profit/(loss) attributable to ordinary equity holders of the parent	42,702	21,622	79,145	59,404
5	Basic earnings/(loss) per share (Subunit)	5.34	2.70	9.90	7.43
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	3.00	3.00
		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 ($$)	2.4900		2.4800

icy97

Date of change	15 Dec 2016
Name	MR WONG YUEN KUAI, LUCIEN
Age	63
Gender	Male
Nationality	Singapore
Designation	Director
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	Mr. Wong has been appointed first as a Deputy Attorney-General of Singapore with effect from 19 December 2016 and then as the Attorney-General of Singapore for a three-year term with effect from 14 January 2017. Such appointments require that he vacates inter alia all directorships on listed companies.
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 shareholders	No
Qualifications	Bachelor of Law (Honours) degree from University of Singapore
Working experience and occupation	Mr. Wong is the chairman and senior partner of Messrs. Allen & Gledhill LLP, Singapore. He is specialising in banking, corporate and financial services work. He has extensive experience in debt and equity issues, mergers and acquisitions, banking transactions and securitisations.
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Mr. Wong holds 110,000 ordinary shares of RM1.00 each in the Company.