Whistleblowing
Scholarship
Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Whistleblowing
Scholarship
Call Us
+60 6 – 282 3700
Our Location
6th Floor, No. 61, Jalan Melaka Raya 8,
Taman Melaka Raya, 75000 Melaka, Malaysia.
Dec 2016
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.
Nov 2016
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.
Sept 2016
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.
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.
