MPE is a bit like an iceberg: a great deal of the potential lies below the surface. In a detailed review of the business we can conclude with a high degree of conviction: (i) based on what is already planted in the ground, output of Oil Palm fruit should grow at 15% compound to FY2023E; (ii) the MPE plantations are world class in terms of operational KPIs and environmental sustainability and should be valued at least in line with its Asian-listed peers at US$18,000/ha, which increases our sha
11 Jul 2018
M.P. Evans - Money really does grow on (oil palm) trees
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M.P. Evans - Money really does grow on (oil palm) trees
M.P. Evans Group PLC (MPE:LON) | 857 -34.3 (-0.5%) | Mkt Cap: 454.7m
- Published:
11 Jul 2018 -
Author:
Cavendish Research -
Pages:
28
MPE is a bit like an iceberg: a great deal of the potential lies below the surface. In a detailed review of the business we can conclude with a high degree of conviction: (i) based on what is already planted in the ground, output of Oil Palm fruit should grow at 15% compound to FY2023E; (ii) the MPE plantations are world class in terms of operational KPIs and environmental sustainability and should be valued at least in line with its Asian-listed peers at US$18,000/ha, which increases our sha