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.
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.
