Research and valuation
Independent research on the Group is published regularly by its brokers Cavendish.
Independent research on the Group is published regularly by its brokers Cavendish Capital Markets. Institutional investors can request the Cavendish Capital Markets’ research by contacting Nigel Parson (nparson@cavendish.com) or at the Cavendish Research Portal.
At the end of the year a valuation of the Group’s land and property assets was undertaken by an independent valuer, Khong & Jaafar Sdn Bhd.
Analysis of group equity value
31 December 2023
| Market value per planted hectare (US$) |
Market value attributable to Group (US$’000) |
||
|---|---|---|---|
Plantations |
Group |
||
| Kota Bangun | 17,700 | 242,645 | |
| Bumi Mas | 22,100 | 157,320 | |
| Bangka | 20,000 | 110,970 | |
| Musi Rawas | 24,700 | 174,895 | |
| Pangkatan Group | 17,000 | 112,480 | |
| Simpang Kiri | 10,700 | 46,755 | |
| Nusantara | 6,900 | 18,900 | |
| 18,400 | 863,965 | ||
Smallholders |
|||
| Kota Bangun | 6,100 | 26,790 | |
| Bumi Mas | 5,100 | 7,030 | |
| Bangka | 4,500 | 15,840 | |
| Musi Rawas | 6,800 | 18,430 | |
| Pangkatan group | 4,300 | 4,465 | |
| Simpang Kiri | 2,400 | 570 | |
| 5,500 | 73,125 | ||
Associates |
|||
| Kerasaan | 14,300 | 12,578 | |
| 14,300 | 12,578 | ||
Property |
Bertam Properties | n/a | 46,728 |
| 46,728 | |||
| Net debt | n/a | (16,991) | |
| Other assets and liabilities | n/a | 7,818 | |
| Total equity value | 987,223 | ||
| Equity value per share(£) | 14.59 |
Palm-oil fast facts
A brief introduction to palm oil and its relevance to the world.
Strategy
The Group is a responsible producer, striving for excellence, with a focus on continuing growth and offering an increasing yield.
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