28 Annual Report 2021 Plantation Our Plantation Division is expected to achieve satisfactory results and continue to contribute positively to the Group’s future earnings. We foresee the CPO price to remain well supported in 2022 due to the continued good demand and tight global supply of CPO. CPO prices have been trading strongly with the current price trading above RM4,000/MT (net of export levy and duty) in Indonesia which augurs well for the Plantation Division. The Plantation Division which is operating as usual albeit with added biosecurity measures, has taken various initiatives to ensure daily operations are running smoothly including strict enforcement of COVID-19 prevention standard operating procedures (“SOP”), ongoing COVID-19 vaccination for our workers and family members and good estate management practices. The Group will continue to expand on the use of mechanical assisted collection of fresh fruit bunches (“FFB”) and maximising the utilisation of the CPO mill to further capitalise on the higher CPO price. Property Investment This division is expected to sustain the occupancy rate by maintaining an average rental yield of approximately 3% to 4% per annum based on fair values of the properties as at 30 September 2021. This division has also benefted from the stimulus packages announced by the Government from time to time such as wage subsidy programme and electricity bill discounts. The retail activities have since picked up after the rollout of the vaccination programme and the reopening of the economy. Management Discussion and Analysis Report Plaza Metro Kajang is the frst shopping complex in Kajang town Loading of CPO to tanker trucks at our CPO mill for transportation to our jetty
RkJQdWJsaXNoZXIy NDgzMzc=