KUALA LUMPUR: Malaysia, the world’s second-largest palm oil producer, plans to leverage the global edible oil shortage and “political tension in Europe” to regain market share after buyers shunned the commodity over environmental concerns.

Palm oil is used to make everything from lipstick to noodles.

1QFY22 Month Plantation Output about 195k tons whereas 1QFY21 was only 180k tons.
Monthly Average price for Jan-Mac FY22 are 5.1, 5.9, 6.9 ('000 MYR/ton)
Last year, FY21, Jan-Dec was <4.0 to 5.3 whereas Monthly Average price for same quarter, 1QFY21 about 4.2 ('000 MYR/ton)

You can find crude palm oil prices at;
https://bepi.mpob.gov.my/admin2/price_local_daily_view_cpo_msia.php?more=Y&jenis=1Y&tahun=2021

On a side note, BPlant sell their palm oil according with spot prices NOT average price.

Following our industry-wide CPO ASP revisions to MYR4,100/t (from MYR3,200/t) for 2022E and MYR3,200/t (from MYR3,000/t) for 2023E, we raise BPLANT FY22E/23E core EPS forecasts by 124%/28% respectively. Our FY22E headline EPS is raised by 481% as we incorporate an estimated MYR323m (14.4sen/sh) of Kulai land disposal gain (664ha sold) that was completed on 27 Jan. The sale raised MYR429m (19.2sen/sh) in cash proceeds. We also introduce FY24E EPS forecast.

Lets weigh today's dip for a second.
1 Min wage MYR1500. This is not labour intensive industry. No of employee per km is very low unlike in manufacturing industry.
2 Increase interest rate can lead to economic slowdown or recession. Its still early to say will this happen in Malaysia. Since rise in energy prices recently, economic slowdown will more likely to happen in other countries e.g. US, EU, Japan and etc. PRC recorded increase in GDP growth recently and intend to meet GDP target for FY22.

5 Rise in energy price. Gasoline in Malaysia only cost USD0.65 per gallon compared with in US USD 4.00++ per gallon.
I think market over exaggerating today's sentiment has on BPlant.

In short, short sellers love bad news. BPlant share price dipped caused by them today.
Its so easy to create a sell off. We set our cut loss automatically. Short seller shorts with their minnions, triggerred our cutloss and BPlant fell.

Malaysian palm oil futures consolidated below the MYR 6,500-per-tonne level as rising inventories, and weak export demand from Malaysia prompted some profit-taking after a massive rally that drove prices to a record closing level in late April. The latest Malaysian Palm Oil Board report showed that palm oil inventories jumped to a five-month peak of 1.64 million tonnes. Production grew 3.6% from March to 1.46 million tonnes, the highest since November.

BPlant definitely make more than usual earning 1QFY22 q-o-q. But her share price doesn't reflect this with CPO price still at elevated level around MYR6,350 compared to MYR2,500 prior pre pandemic levels. PE ratio way too low!!!!
Somebody out there insults our intelligence as minority shareholders.

@michael, I advice you keep you stock until 9th June after BPlant disburse 7.5sen per share dividend. Maybe there will be a rally until 8th June. You will get your money back if share price goes up to 1.13 by them. This counter is not for many of us. BPlant is not our place to have some fun. All the best, Michael.

Yes. Why not. CPO price this year around MYR5500 compare with CPO price before pandamic at only MYR2,500 per tan. BPlant will continue make profit throughout the year. 1st quarter performance alone beats whole year FY21 earning. Only buy at lowest average price and hold on to it to earn some cash in dividend.

Minus gain from disposal of asset, profit still at 111 mil, which is a huge jump of over +300% YoY and +30% QoQ. We know Q1 is usually a softer quarter for oil palm and yet, it managed to record surge in profit. Do read and interpret the QR properly.

Actually we have been waiting for this QR. We also know BPlant has considerable large landbank located at prime locations. We estimated BPlant 1QFY22 should gain 35% increase in earning q-o-q without landbank sale. As for y-o-y performance, BPlant already beat last year gain only in FY22 1st quartee. Its a good performance.