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Danny Liu Choong Hii

on 20 May 2013

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BB21503 ENTREPRENEURIAL FINANCIAL THANKYOU Analysis of Competition TH Plantation (THP) 1.0: INTRODUCTION 2.0 SWOT ANALYSIS Analysis of Internal Corporate -a plantation arms of Lembaga Tabung Haji that shown in the Pilgrimage Fund Board of Malaysia
-was listed on the Main Board of Bursa Malaysia on 27 April 2006.

-THP is plant palm tree to produce palm oil of industry and THP Group has a total plantation land bank of approximately 39,372 Ha of which 37,407 Ha has been planted with palms.

-THP Agro Management Sdn. Bhd. (a wholly owned subsidiary of THP) manages THP Group’s oil palm operation in Malaysia and TH’s oil palm operations in Malaysia & Indonesia as well as teak & rubber plantation in Sabah totaling approximately 168,985ha Analysis of products Analysis of products 2.0: SWOT ANALYSIS Analysis of competition Analysis of customers Analysis of customers Analysis of Customers Analysis of markets served Analysis of Markets Served Internal Corporate Analysis 3.0 :FINANCIAL PERFORMANCE 4.0: ANALYSIS RATIO 5.0: LIFE CYCLE OF THP -has gone through a rapid grow stage

-large sums of capital are needed as the business takes on more and more customers thus needing more equipment and materials

-has improved managerial effectiveness.

-this stage brings a number of different challenges and risks.

-High demand of cash creates a high debt-equity ratio. Life Cycle of TH Plantation Berhad (THP) UNIVERSITI MALAYSIA SABAH (UMS)
School of Business and Economics (SBE) LECTURER NAME:
BB21503 Table 1 Table 2:
Valuation of stock TH Plantation BHD COMPARISON TOWARDS INDUSTRY Future Outlook -TH Plantation net profit for the nine-month period for the financial year 2013 was below expectations, coming in at 51% of our 2012 forecast and 43% of consensus estimate.

-FFB output fell 4.3% year-on-year, versus our 2% growth projection

-its nine-month average CPO price was RM3,025 per tonne, versus our RM3,100 per tonne assumption for 2012

-recorded a 40% year-on-year drop in net profit in nine-month period, on a 9% decline in revenue. -has improved in the second half so far, it is not enough to counter low-productivity effects in the first half

-could end the year with a close-to-3% decline in annual production.

-For FY13, we have also lowered our price assumption to RM2,800 per tonne (from RM2,900 per tonne) while maintaining our RM3,000 per tonne assumption for 2014

-we are now imputing the newly implemented export tax of 6% to 6.5% -reduced effective CPO price to RM2,632 per tonne for FY13 and RM2,805 per tonne for 2014

-revising our FFB growth forecast for 2012 downwards to -2.8% (from +2.3%) to factor in the weak productivity in the first half, while maintaining our 10-15% growth projections for FY13-14

-imputed lower CPO prices of RM2,900 per tonne for 2012 (from RM3,100 per tonne) based on the prevailing low CPO prices.

-now imputing the newly implemented export tax of 6% to 6.5%
-reduced effective CPO price to RM2,632 per tonne for FY13 and RM2,805 per tonne for 2014. - -continued to the future due to the account provided on years 2009 to 2011

-In year 2009, TH plantation has RM 304315 and it also increase to RM 365972 and to RM 434835 in years 2011.

-TH Plantation Berhad holds 39,654 stocks but this company is not moving fast to sell its stocks to customers.

-the company average collection period was 46.32 days

-managed to generate net sales from fixed asset. TH Plantation Berhad fixed assets turnover was 0.87 times

-TH Plantation Berhad has no enough cash and liquid assets to cover its short-term debt obligations, as its quick ratio is below 1 which was 0.64. Recommendation 6.0: Recommendation -has 912,738 in assets than 356,223 in liabilities which mean that the company has more assets than liabilities

-TH Plantation Berhad has 142,033 in retained earnings to invest where it can create growth opportunities.

-TH Plantation Berhad may produce new product line in their company future.

-sell palm oil since the market in this product still not have many competitors

-can comes out product such as palm oil , cooking oil and others related product. -Cash flow activities divided into 3 segments: operating, investing and financing.

-Berhad has 204,280,000 cash comes from operating activities

-TH Plantation Berhad has the highest figure spending on capital expenditures which was 117,849,000

-TH Plantation Berhad has the highest figure in financing activities, 66,318,000, shows that the company is generating cash inflow by selling stocks, bonds or by bank borrowings
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