
SPB is one of the pioneer players in the oil palm industry in Sarawak. SPB currently has a total land bank of 52,071 Ha of which 12,914 Ha is under the Native Customary Rights (NCR) scheme. SPB, through its wholly owned subsidiary, Sarawak Plantation Agriculture Development Sdn Bhd (SPAD), owns thirteen (13) oil palm estates with a total planted area of 26,000 Ha as at 31 December 2009. Further, in response to the State Government's policy on NCR land development, SPB, through its subsidiary, SPB Pelita Suai Sdn Bhd (SP Suai), has developed and fully planted 1,855 Ha of NCR land in Sarawak with oil palms. In addition, two new subsidiaries, SPB Pelita Wak Pakan Sdn Bhd and SPB Pelita Mukah Sdn Bhd (formerly known as SPB Pelita Mukah 5 & 6 Sdn Bhd), have been incorporated to undertake the development of new NCR land with a total gross area of 10,786 Ha. SPAD also owns 2 palm oil mills, with a total milling capacity of 180 MT / hour, located at Niah and Mukah, respectively.
| Bursa Symbol: | 5135 |
|---|---|
| Currency: | MYR |
| Last Done: | 2.830 |
| Volume ('00): | 3,048 |
| Change: | +0.030 |
| % Change: | +1.071 |
| Day's Range: | 2.790 - 2.900 |
| 52 Weeks' Range: | 2.150 - 2.900 |
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