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Web-only Exclusives
November 30, 2000

From Our Correspondent: Hirohito and the War
A conversation with biographer Herbert Bix

From Our Correspondent: A Rough Road Ahead
Bad news for the Philippines - and some others

From Our Correspondent: Making Enemies
Indonesia needs friends. So why is it picking fights?

Asiaweek Time Asia Now Asiaweek story

Company Monitor

Golden Hope Plantations


CEO: Abdul Rahman bin Ramli, chief executive

Major stockholder: PNB (57.3%)

Recommended: Malaysian plantation company that boasts 65% of its earnings from the industry. 71% of its 122,885-ha planted area is devoted to palm trees. The other one-third is for rubber and cocoa. Firm dollar prices for crude palm oil (CPO) mean higher earnings in ringgit following a 20% depreciation of the Malaysian currency against the greenback. The break-even cost for CPO production is ringgit 600-700 per ton while the current CPO price is about ringgit 1,500. If El Nio disrupts normal weather patterns, palm oil prices could rise. The company, with a $125m. cashpile, should benefit from current high interest rates. The stock has 10%-15% upside potential.

1997 98F 99F
P/E 19.8 15.5 13.9
YIELD 4.2% 4.6% 4.6%
 

Sources: Paribas Asia Equity; Datastream


This edition's table of contents | Asiaweek home

AsiaNow


   LATEST HEADLINES:

WASHINGTON
U.S. secretary of state says China should be 'tolerant'

MANILA
Philippine government denies Estrada's claim to presidency

ALLAHABAD
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COLOMBO
Land mine explosion kills 11 Sri Lankan soldiers

TOKYO
Japan claims StarLink found in U.S. corn sample

BANGKOK
Thai party announces first coalition partner



TIME:

COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state



ASIAWEEK:

COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness


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