Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Mar 2018
United Malacca has consolidated its 83% owned company, Lifere Agro Kapuas (LAK) into its financial statement in 3QFY16. To recap, the acquisition has been completed on 22 January 2016
Dec 2015
United Malacca’s 2QFY16 financial results came in within our expectations. Net profit remained stagnant on QoQ basis. The group’s average realised CPO price in 2QFY16 stood at RM2,047/tonne (-7.8% QoQ, -4.3% YoY), which is close to the average spot CPO price during the quarter.
Dec 2015
United Malacca Berhad (UMCCA)’s 1H16 Core Net Profit (CNP*) at RM25.8m was below expectations at 43% of consensus (RM59.9m) and 39% of our forecast (RM66.8m). This was due to lower-than-expected CPO prices at RM2,139/metric ton (MT) vs. our CY15E RM2,200/MT forecast.
Sept 2017
United Malacca’s 1QFY16 financial results came in within our expectations. Net profit of RM12.3mn accounted for 23% of our full year estimate. On QoQ basis, net profit increased by 23.7%, mainly attributable
to higher FFB production. Note that FFB production increased by 29.4% QoQ to 90.2k tonnes while CPO production also rose by 43.8% QoQ to 21.0k tonnes.
