16-05-2014, 12:54 AM
(This post was last modified: 16-05-2014, 12:58 AM by specuvestor.)
We had this discussion 6 months back so can't actually say the palm processing issues weren't expected
Detailed link here, summary below
http://www.valuebuddies.com/thread-257-p...l#pid65764
PS all the best to those who bought kuok's PACC
Detailed link here, summary below
http://www.valuebuddies.com/thread-257-p...l#pid65764
PS all the best to those who bought kuok's PACC

(11-11-2013, 01:56 PM)Clement Wrote:(11-11-2013, 12:32 PM)specuvestor Wrote: Yes quite a number of listed Indonesia plantation players had been using Wilmar as mill. What you are saying is the accounting treatment on how they charge the "value add". Just look at their FFB tonnage and their CPO tonnage vs the 20% yield. Hence margins and volume for milling should be coming off if what these other players are saying is true.
Hi specuvestor,
I see where you are coming from. I was confused as you mentioned the export tax earlier. The export tax difference is between refined palm oil products and cpo. FFB cannot really be exported as they need to be processed within 24 hours of harvesting.
Regardless, i agree that Wilmar will most likely be purchasing more CPO directly from planters instead of buying ffb and milling them.
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Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)