Research and valuation
Independent research on the Group is published regularly by its joint brokers Peel Hunt and finnCap.
Independent research on the Group is published regularly by its joint brokers Peel Hunt and finnCap. Institutional investors can request the Peel Hunt research by contacting Charles Hall (charles.hall@peelhunt.com); finnCap’s research is freely available from Nigel Parson (nparson@finncap.com) or at the finnCap 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 2022
| Market value per planted hectare (US$) |
Market value attributable to Group (US$’000) |
||
|---|---|---|---|
Plantations |
Group |
||
| Kota Bangun | 21,800 | 214,130 | |
| Bumi Mas | 22,500 | 160,360 | |
| Bangka | 20,800 | 115,200 | |
| Musi Rawas | 22,500 | 146,015 | |
| Pangkatan Group | 17,600 | 116,755 | |
| Simpang Kiri | 13,600 | 31,350 | |
| 20,700 | 783,810 | ||
Smallholders |
|||
| Kota Bangun | 6,400 | 28,215 | |
| Bumi Mas | 5,200 | 7,125 | |
| Bangka | 4,700 | 16,380 | |
| Musi Rawas | 7,400 | 19,665 | |
| Pangkatan group | 4,100 | 3,515 | |
| Simpang Kiri | 2,000 | 475 | |
| 5,800 | 75,375 | ||
Associates |
|||
| Kerasaan | 14,800 | 12,578 | |
| 14,800 | 12,578 | ||
Property |
Bertam Properties | n/a | 49,312 |
| 49,312 | |||
| Net funds | n/a | 31,743 | |
| Other assets and liabilities | n/a | 22,147 | |
| Total equity value | 974,965 | ||
| Equity value per share(£) | 14.98 |
Strategy
Our principal activity is the production of certified sustainable crude palm oil.
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