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Last Updated : 1 November, 2019 | 17:44

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Analysts’
Reports

29

Mar 2017

United Malacca Berhad – Better than Expected Results

United Malacca’s 3QFY17 financial results come in above expectations. The better-than-expected results were mainly due to higher-than-expected commodity prices and contribution from Indonesia’s operations.

29

Dec 2016

United Malacca Berhad – Business is Picking Up

United Malacca’s 1HFY17 financial results come in above ours and consensus expectations at 67% and 66% of full-year forecasts respectively. This was mainly due to the higher-than-expected CPO and palm kernel prices.

07

Nov 2016

United Malacca Berhad – Thinking Long Term

Recently we met with the management of United Malacca Berhad, represented by Chairman, Datin Paduka Tan Siok Choo, CEO, Mr Peter Benjamin and CFO, Ms Susan Lai.

26

Sept 2016

United Malacca Berhad – A Weak Start

United Malacca’s 1QFY17 financial results came in below ours and consensus’ full-year estimate. Stripping out the unrealized forex loss of RM5.4mn, core net profit declined to RM8.8mn (-39.8% QoQ, -28.5% YoY), respectively accounting for 15% and 13% of ours and consensus’ full-yearestimates. The lower-than-expected profit was mainly due to lower FFB production and higher operating expenses.

01

Aug 2016

United Malacca Berhad – Enters MOU for JV in Central Sulawesi

United Malacca Berhad (UMCCA) announced that it has entered into a MOU for a JV arrangement to develop 59.9k ha of land within an industrial plantation forest area in Central Sulawesi. We are long-term positive on the potential area expansion but expect minimal earnings impact in the near term given the apparent greenfield nature of the project. Maintain OUTPERFORM on UMCCA with unchanged TP of RM7.42.

01

Aug 2016

United Malacca Berhad – Diversifying Away from Palm Oil

United Malacca Berhad (UMB) entered into a Memorandum of Understanding (MOU) with Adhi Indrawan and Kartika Dianningsih Antono with the intention to establish a joint venture (JV) with PT Bintang
Gemilang Permai (BGP), which holds 99.9% equity interest in PT Wana Rindang Lestari (WRL). WRL holds a concession right to develop about 59,920 hectares (ha) of land within an industrial plantation forest area in Central Sulawesi, Indonesia. UMB would acquire 60% equity interest in the proposed JV with the acquisition price to be determined later.

Page 3 of 4« First...234

29

Mar 2017

United Malacca Berhad – Better than Expected Results

United Malacca’s 3QFY17 financial results come in above expectations. The better-than-expected results were mainly due to higher-than-expected commodity prices and contribution from Indonesia’s operations.

29

Dec 2016

United Malacca Berhad – Business is Picking Up

United Malacca’s 1HFY17 financial results come in above ours and consensus expectations at 67% and 66% of full-year forecasts respectively. This was mainly due to the higher-than-expected CPO and palm kernel prices.

07

Nov 2016

United Malacca Berhad – Thinking Long Term

Recently we met with the management of United Malacca Berhad, represented by Chairman, Datin Paduka Tan Siok Choo, CEO, Mr Peter Benjamin and CFO, Ms Susan Lai.

26

Sept 2016

United Malacca Berhad – A Weak Start

United Malacca’s 1QFY17 financial results came in below ours and consensus’ full-year estimate. Stripping out the unrealized forex loss of RM5.4mn, core net profit declined to RM8.8mn (-39.8% QoQ, -28.5% YoY), respectively accounting for 15% and 13% of ours and consensus’ full-yearestimates. The lower-than-expected profit was mainly due to lower FFB production and higher operating expenses.

01

Aug 2016

United Malacca Berhad – Enters MOU for JV in Central Sulawesi

United Malacca Berhad (UMCCA) announced that it has entered into a MOU for a JV arrangement to develop 59.9k ha of land within an industrial plantation forest area in Central Sulawesi. We are long-term positive on the potential area expansion but expect minimal earnings impact in the near term given the apparent greenfield nature of the project. Maintain OUTPERFORM on UMCCA with unchanged TP of RM7.42.

01

Aug 2016

United Malacca Berhad – Diversifying Away from Palm Oil

United Malacca Berhad (UMB) entered into a Memorandum of Understanding (MOU) with Adhi Indrawan and Kartika Dianningsih Antono with the intention to establish a joint venture (JV) with PT Bintang
Gemilang Permai (BGP), which holds 99.9% equity interest in PT Wana Rindang Lestari (WRL). WRL holds a concession right to develop about 59,920 hectares (ha) of land within an industrial plantation forest area in Central Sulawesi, Indonesia. UMB would acquire 60% equity interest in the proposed JV with the acquisition price to be determined later.

Page 3 of 4« First...234