math_of_money
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Indofood Agri Resources (IndoAgri)
27-06-2014, 09:10 AM,
Post: #21
RE: Indofood Agri
(26-06-2014, 09:18 PM)BlueKelah Wrote:
(26-06-2014, 04:44 PM)muns Wrote: Does anyone know the reason why Indofood (Plantations are inclusive of SIMP and Lonsum) FFB yields are considerably low, given that their average age profile are seemingly in the prime?

It's significantly lower than their peers in the SEA region for a plantation with planted area of such a size. And its also not a one off event, it has been getting such below average yield for the past 4-5 years!

In my opinion, P/B isn't a very good metric to value such plantation companies as their FV Gains differ very widely even throughout the region and they aren't in the business of selling more plantation land (Rather they want to buy, but it has been getting very pricy in Peninsula Msia, things are starting to heat up in Kalimantan and East Malaysia.
________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com

read the post above yours. Just poor farm practice such as using less fertiliser, not enough pest control, planting trees too close together, etc...

Hi BlueKelah,

Thanks for referring me above. If it's an issue with their tree, it's a very expensive 25 year problem haha.

Just wanted to find out if anyone knows their harvesting cycle days. I just want to check if it's a solvable issue ie. not enough harvesters, fertilisers etc. But if it's an issue with the planting of trees, then it's on a whole other playing field and not much can help increase their productivity then. By any chance does anyone know their harvesting days, from my knowledge, Indo and east msia can be <10 and pen msia is ard 12 (the better ones).

Do you know if they disclose the number of trees per ha? Or is it because they plant on non-flat terrain which could justify their 10-20% lower yield to a certain extent. But with their large planted area including lomsum and simp, it might be more of a group culture than just hilly terrains!
________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com

Find Reply
27-06-2014, 06:40 PM,
Post: #22
RE: Indofood Agri
They are probably more busy making instant noodles than caring for the trees Big Grin

Heads up to Singaporean and Malaysian buddies, I think smog season is coming again???
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com

Find Reply
29-06-2014, 04:10 PM,
Post: #23
RE: Indofood Agri
(27-06-2014, 06:40 PM)BlueKelah Wrote: They are probably more busy making instant noodles than caring for the trees Big Grin

Heads up to Singaporean and Malaysian buddies, I think smog season is coming again???

Haha nice one there Big Grin

Yep, smoky times is expected soon, generally coinciding with the planting season of palms in Q3. But what's interesting is that more often then not, it's not the big players that burn (Cos they wanna comply with the standards), but its just the small holders close to them that use burning.

The big boys can't do much about the smallholders if they are not on their land and in the event where the fire is underground (Especially on peat soil by the smallholders) it inevitably spreads close to the big players and there's not really much they can do to stop the small holders or natives that allegedly use slash-and-burn for their padi fields as well :o

If I am not mistaken, to avoid this, some of the larger listed players have recently avoided buying land that's on peat)
________________________________________________________
Finding the Value in a Speculative World
http://www.valueinvestasia.com

Find Reply
31-10-2014, 06:35 AM,
Post: #24
RE: Indofood Agri
http://www.businesstimes.com.sg/companie...ches-up-16

IndoAgri Q3 net profit inches up 1.6%
By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
31 Oct5:50 AM
Singapore

DEFYING a recent decline in commodity prices, edible oils and fats products maker IndoAgri posted a 1.6 per cent rise in net profit attributable to shareholders for the third quarter ended Sept 30, 2014 to 124.8 billion rupiah (S$13.2 million).

Its third-quarter revenue

Find Reply
26-01-2018, 02:35 PM,
Post: #25
RE: Indofood Agri
Response to The Straits Times article titled “PepsiCo cuts ties with palm oil supplier over abuse claims” on 25 January 2018

The company's response :
Quote:We refer to the Straits Times article titled "PepsiCo cuts ties with palm oil supplier over abuse claims" on 25 January 2018. We have not been a supplier to PepsiCo since early 2017, and this has not had a material impact on our business. Most of our plantations are certified under the RSPO (Roundtable for Sustainable Palm Oil) and ISPO (Indonesian Sustainable Palm Oil) certification schemes for sustainability.

The Company wishes to state that as a public listed company we comply with the labour laws and regulations of the Indonesian Government. We do not have any dispute or outstanding issue with any of our Labor Unions (we have a total of 10 Labor Unions) or the Indonesian Ministry of Labor. We have also recently received a good compliment and zero accident award from the Indonesian Ministry of Labor.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com | | Share Buy-Back | Disclosure of Interest