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.
Aug 2016
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.
Aug 2016
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.
Jul 2016
More than 100 years of history. United Malacca Berhad (UMCCA) was founded by the late Tun Tan Cheng Lock in 1910. Throughout the years, UMCCA has expanded into a mid-cap pure oil palm planter with total landbank of 48,695 ha. Out of this, 24,585 ha (or 50.5%) is located in Central Kalimantan, Indonesia and 24,110 ha (or 49.5%) in Malaysia.
Jun 2016
United Malacca’s FY16 financial results came in above ours but within consensus’ full year estimate at 108% and 105% respectively. Stripping out the unrealized forex gain of RM13.0mn, core net profit declined by 1.2% to RM46.6mn.
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.
