Highlights
KLSE: JTIASA (4383)       JAYA TIASA HOLDINGS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
0.695   -0.005 (0.71%)  0.69 - 0.70  319,700
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Ann. Date Ex Date Payment Date Type Subject Amount View
13-Sep-1999 29-Nov-1999 20-Dec-1999 DIVIDEND Final Dividend 2% Dividend Detail
20-Nov-1999 26-Nov-1999 20-Dec-1999 DIVIDEND Final Dividend 2% Dividend Detail
12-Sep-2000 13-Nov-2000 04-Dec-2000 DIVIDEND First and Final Dividend 5% Dividend Detail
04-Sep-2001 19-Nov-2001 03-Dec-2001 DIVIDEND First and Final Dividend 3% Dividend Detail
03-Sep-2002 18-Nov-2002 02-Dec-2002 DIVIDEND First and Final Dividend 3% Dividend Detail
04-Sep-2003 21-Oct-2003 20-Nov-2003 DIVIDEND First and Final Dividend 3% Dividend Detail
07-Sep-2004 20-Oct-2004 19-Nov-2004 DIVIDEND First and Final Dividend 5% Dividend Detail
06-Sep-2005 26-Oct-2005 23-Nov-2005 DIVIDEND First and Final Dividend 3% Dividend Detail
05-Sep-2006 01-Nov-2006 23-Nov-2006 DIVIDEND First and Final Dividend 3% Dividend Detail
04-Sep-2007 01-Oct-2007 19-Oct-2007 DIVIDEND_SHARE Others 1 : 20 Dividend Detail
04-Sep-2007 01-Oct-2007 19-Oct-2007 DIVIDEND First and Final Dividend 3% Dividend Detail
29-Aug-2008 12-Nov-2008 28-Nov-2008 DIVIDEND First and Final Dividend 3% Dividend Detail
06-Sep-2010 08-Nov-2010 24-Nov-2010 DIVIDEND First and Final Dividend 2% Dividend Detail
06-Sep-2011 08-Nov-2011 25-Nov-2011 DIVIDEND First and Final Dividend 6% Dividend Detail
22-Mar-2012 06-Apr-2012 04-May-2012 OTHERS Others 1 : 20 Dividend Detail
23-Jul-2012 03-Aug-2012 07-Aug-2012 BONUS_ISSUE Bonus Issue 2 : 1 Dividend Detail
05-Nov-2012 29-Nov-2012 14-Dec-2012 DIVIDEND First and Final Dividend 5.15% Dividend Detail
04-Nov-2013 28-Nov-2013 13-Dec-2013 DIVIDEND First and Final Dividend 1% Dividend Detail
30-Oct-2014 01-Dec-2014 17-Dec-2014 DIVIDEND First and Final Dividend 1.5% Dividend Detail
30-Oct-2015 30-Nov-2015 16-Dec-2015 DIVIDEND First and Final Dividend 1.0000% Dividend Detail
28-Oct-2016 28-Nov-2016 16-Dec-2016 DIVIDEND First and Final Dividend 1.3% Dividend Detail
27-Oct-2017 29-Nov-2017 19-Dec-2017 DIVIDEND First and Final Dividend RM 0.005 Dividend Detail
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  8 people like this.
 
Huat 888 coming soon 0.5
18/05/2018 17:57
Shadows Already bottom lo
21/05/2018 13:57
ITreeinvestor told you guys run fast
23/05/2018 16:52
wilsonchan87 TP 0.4-0.5
23/05/2018 17:10
zero Boom
23/05/2018 17:10
nich0las Habis, lari pun tak boleh. Kaki sudah sangkut.
23/05/2018 17:17
Huat 888 that it.
0.5
23/05/2018 17:20
davidkkw79 Holland Master Holland STOCK!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5798789
23/05/2018 19:25
uptrending This is the worst quarter...

Coming quarters should be profitable, I believe Election lah.... Costs shot up for some reasons, perhaps.

The company has 70,000 hectare oil palm plantation with most of it at the prime mature years, now average 8-9 years... Yields would be picking up for the next 10 prime years ahead.. (the formula 7+10+7...for oil palm..)

Comparing Jtiasa with IJM PLANTATION which is a pure oil palm business with about
60, 000+ hectares (about 25,000 hectare in Sabah and another 35,000 hectare in Kalimantan) ...it has 6 palm oil mills with total processing capacity of 350mt of FFB per hour...

IJM plantation total number of shares about 880,000, 000 and share price 2.30, market cap of RM2. 02billion. It has net borrowings of RM523 million.

Jtiasa, 977, 000, 000 shares now @0.765,
Total oil palm plantation 70,000 hectare and 4 palm oil Mills total annual processing capacity of 1.7+ million metric tons of FFB

Market Cap now for Jtiasa is about rm750M and net debt (borrowings minus cash) of rm953 millions..

Market Cap + net debt =RM 1.703B

Assume all other assets are free to the shareholders, the cost per hectare of the oil palm plantation is rm1703 million/70,000
i. e. RM24, 330 per hectare or RM 9, 846 per acre..

It is cheap... isn't it?

The current price has fallen to that in August 2009, and Jtiasa has no oil palm plantation then as it just started planting... hehe

How low can it go?
23/05/2018 20:13
uptrending CONDENSED STATEMENTS OF FINANCIAL POSITION
Note UNAUDITED AUDITED
AS AT AS AT
31/03/2018 30/06/2017
RM'000 RM'000
ASSETS
Non-current Assets
Property, plant and equipment 1,111,919 1,171,915
Biological assets 1,668,014 1,639,812
Land use rights 36 40
Other intangible assets 783 610
Investment securities 49,100 68,700
Deferred tax assets 30,259 22,492
2,860,111 2,903,569
Current Assets
Inventories 1 107,131 139,649
Trade and other receivables 2 41,364 59,584
Other current assets 10,004 14,663
Income tax receivable 22,864 -
Derivative assets - 252
Cash and bank balances 122,355 65,234
303,718 279,382
TOTAL ASSETS 3,163,829 3,182,951
EQUITY AND LIABILITIES
Current Liabilities
Interest bearing loans and borrowings 4 435,412 487,479
Trade and other payables 3 119,124 136,195
Income tax payable 11,649 4,968
Derivative liabilities - 304
566,185 628,946
EQUITY AND LIABILITIES
Non-current Liabilities
Interest bearing loans and borrowings 5 640,196 589,358
Deferred tax liabilities 156,618 146,534
796,814 735,892
Total Liabilities 1,362,999 1,364,838
Net assets 1,800,830 1,818,113
Equity Attributable to owners of the parent
Share capital 977,402 977,402
Treasury shares (13,687) (13,687)
Reserves 824,553 843,088
1,788,268 1,806,803
Non-controlling interests 12,562 11,310
Total Equity 1,800,830 1,818,113
TOTAL EQUITY AND LIABILITIES 3,163,829 3,182,951
Net assets per share attributable to equity holders (RM) 1.85 1.87
Number of ordinary shares net of treasury shares 967,991 967,991
23/05/2018 21:40
uptrending No worry

But on weakness for the medium term..
23/05/2018 21:42
alexsee Going to cut loss even loss 50% if tomorrow open price at 0.6, lucky thing is didn't hold too much of this company share but still bleeding.. this stock game over !! very very little dividend.. will dump crazy tomorrow by shareholders... didn't see any good news so far.. only bad news.. so it is very hard to rebound back to RM 1 ..
23/05/2018 21:43
uptrending http://www.mpoc.org.my/Daily_Palm_Oil_Prices.aspx

Ringgit weakened against USD

PALM OIL PRICE IS RECOVERING AND UPTREND NOW..
23/05/2018 21:56
uptrending Going forward, still hopeful

The yield will be good due to
1) seasonality, 2nd half calender year more crops
2) More trees reaching prime

The palm oil price recovering amidst weakened ringgit.

Good luck..
23/05/2018 22:03
alexsee i really didn't see any hope for this counter so far... didn't expect this quarter is making huge loss even palm oil price is increased.. price should be downtrend again until find it support maybe RM 0.3 - RM0.4 ?.. unless big shark goreng it.. like other making loss company.. also can goreng up to sky.. but i didn't see shark is interested with this company..
23/05/2018 22:05
13Research When it comes to investing, confirmation bias can cause us to act without considering all available information. For example, if you own a mutual fund that is concentrated in technology stocks, you are likely to give an unfair weighting to good news you read about the outlook for technology while ignoring any negative things you read.

As i said since last year, investors should put attention on Jtiasa's loss making timber segment and not just excited with growing palm oil segment. Since the cpo price dropped below RM2500, Jtiasa is no more an attractive investment choice and the result says it all. Again, do research before investing. Good luck.

13Research I'm not surprising if the share price go down further. Further impairment may needed in coming Q4. Do your own research before investing.
https://klse.i3investor.com/blogs/13Research/136559.jsp
https://klse.i3investor.com/blogs/13Research/139849.jsp
11/03/2018 13:00
23/05/2018 22:06
newbie911 Why not buy wtk?
23/05/2018 22:11
uptrending ...........…......... as of 31st March 2018
.......................... oil palm.... Timber.... other..........
total
Segment assets 2,591,933 501,129 70,767 - 3,163,829
Segment liabilities 1,000,394 361,059 1,546 - 1,362,999

Oil Palm has become the MAIN BUSINESS of JAYA TIASA..

YIELD will be better and better
Palm oil price is recovering as ringgit weakens..
The cost per acre is cheap..

The share price now @ Aug 2009 is really absurd and if dropd further it will match that during the 2008-2009 Financial Crisis despite the company already built a 70,000 hectare Oil Palm Plantation most of which in the prime of average 8-9 years...
23/05/2018 22:43
lizi this round no impairment also can slip into red...break record liao....4 years in a row, sure got one quaarter making loss one....
23/05/2018 22:53
uptrending This Quarter is a surprise, really! Oil Palm business also lost money! Costs are so high! What are the costs actually? No details available.
23/05/2018 23:09
uptrending Because of Election? Haha!
23/05/2018 23:09
alexsee Jtiasa is in in the list of intraday short selling.. traders might take this bad results to short sell this company.. and buy back at the end of day.. down limit is 15%
23/05/2018 23:11
tonypang can know why the cash increase from 65M to 122m? good ?
23/05/2018 23:24
uptrending I will buy when it drop more than 10% tomorrow to hold for the medium term.

Alexsee,
Thank you for your info..
23/05/2018 23:31
alexsee on 14 May the price up to 0.87 after PH won, thought will rebound back to 1.00.. so i wait and see.. it drop back to 0.78 and finally today broke lowest price to 0.765.. this time let the chart make story.. high probability downtrend chart again.. till find it bottom to support..
23/05/2018 23:39
uptrending Tony,

The cash flow for the 9 months is healthy and positive..
Accumulative 9 months, the company still made 7 million after tax. Accumulated depreciation is much more than capital expenditure by about 40+ millions and some rm10+million proceed from sales of plant and equipment... reduction of working capital and some 20+ millions from financing... resulted in net increase in cash
24/05/2018 00:13
uptrending for an amount of rm98.9 million as compared to last financial year ended 30th June 2017..
24/05/2018 00:17
uptrending The company may not require big capex going forward as it has already built 4 palm oil mills with combined capacity of 1.7mil MT FFB per annum... The future cash flow is expected to be good.
24/05/2018 00:28
uptrending JAYA TIASA HOLDINGS BHD ( 3751-V )
THIRD QUARTERLY REPORT FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2018
Explanatory notes pursuant to MFRS 134 and Appendix 9B of the Listing Requirements
12
19 Group’s Prospects
We are cautiously optimistic on the recovery of CPO prices in view of the expected increase in
demand of CPO during the festive season despite concern of growing CPO stockpile with the
reinstatement of the 5% export tax.
We foresee higher FFB and CPO production from more maturing palm age profile during the high crop season in the coming quarter.

COMING QUARTER LOOKS GOOD!
24/05/2018 03:47
davidkkw79 Wait it down to 50 sen
24/05/2018 07:14
tonypang Uptrending, meaning cash is building up is good for medium and long term building up
24/05/2018 07:24
uptrending I also hope to buy cheap but I don't think so...
24/05/2018 07:27
tonypang Uptrending , when u mention medium term is how many years? also sabah banned on log export will good for Sarawak log business ?
24/05/2018 07:39
uptrending Tony,

Medium term 6 to 12 months. I believe next quarter results should make profits already and then the price should reverse. It will probably make a bottom today, unless there is crash in the world market later. But then plantation stocks offer good earning visibility and solid assets.

The production figures in the last quarter, Jan - March, were bad as it was low season and heavy rain affected harvest of the crops and logging activities.

From AR 2016, Jayatiasa holds 1.7 million acres of forest concessions. Total land area under reforestation is 235, 858 hectare of which estimated plantable area is 140,377 hectare. At that time of reporting, 32,678 hectare planted for the reforestation. Maturity takes 12-15 years. Not sure how many years to go to majurity from now.

From AR 2017, Jayatiasa Concession log extraction quota for 2017/2018 Coupe year is 630,400 cubic meter. It is still quite significant. Last month April, log production was 28,400 cubic meter and FFB 82,038 as compare to 78,973Metric ton as compare to April 2017. Last quarter log prouduction was only 50,353 cubic meter and FFB 201,657 metric ton.

I can see a lot of upside potential.
24/05/2018 08:25
uptrending Tony,

yes cash is building up because the palm oil mills are relatively new and depreciation of the plant and equipment is quite significant. For the ytd 9 months the depreciation charge is already
rm 88 millions. Going forward if there is no much capex requirement, cash flow would be good and better even if profit is not so good.

Capex for reforestation is about rm 20+ million per annum, quite minimal and reasonable.
24/05/2018 08:33
tonypang thanks Uptrending for yr valuable depth analysis. it seems like good to invest this counter
24/05/2018 09:09
Hope88 this quarter profit drop
24/05/2018 09:15
popo92 in fact, this is a good chance to collect for those who still had faith on palm oil. losses on this quarter is expected, since there's heavy flood in q1. foresee next quarter oil palm sector will recover to normal, unless there's palm tree dying from the disaster (unlikely).
24/05/2018 09:16
Hope88 how lower it can go
24/05/2018 10:31
LimKT sure more lower more good
24/05/2018 11:27
LimKT i can buy at most minimum point and wait for rise $$$
24/05/2018 11:28
LimKT would u guys follow me hahah
24/05/2018 11:28
Shadows I will accumulate.. not based on financial analysis but just simple cut on their plantation size. Hopefully riding out the dark cloud.
24/05/2018 14:20
tonypang Hi Uptrending,72.5C now, good to buy?
24/05/2018 23:35
charliemunger trap so many people. yet so many still have faith on it. all pretend to be pros at the finance figure bla bla bla.. Let me say right ... it will continue to dive downtrends. good luck!
25/05/2018 14:21
uptrending Tony
@70sen it is cheap..
If you buy, you have to buy and forget and do not monitor it on daily basis... otherwise have to wait and monitor the monthly production volume to make your decision.

Yesterday an IB downgraded it from buy TP 1.40 to Neutral TP 0.80

when things turn better, I expect IB will upgrade... :)
25/05/2018 15:54
tonypang Uptrending Roger and million thanks. I have the faith on Palm oil business and the CPO price is depress now but strongly believe will be back 1 day. Buy some and monitor the production vol.
25/05/2018 16:50
goodluck37783378 5281346

Is this OTB punya co?
24/05/2018 0.73 0.83 +0.10 (13.70%) HOLD Affin Hwang Capital
01/03/2018 1.04 1.65 +0.61 (58.65%) BUY Affin Hwang Capital
22/01/2018 1.07 1.65 +0.58 (54.21%) BUY Affin Hwang Capital
30/11/2017 1.14 1.65 +0.51 (44.74%) BUY Affin Hwang Capital
29/05/2018 21:57
goodluck37783378 within 2 months cut target price into half ? OTB good show. 4116762 5211835
29/05/2018 22:12
3iii Reviewing an old post

The most important investment for an investor is to invest into his or her own education.

Please acquire the right philosophy and strategy and make your own investing decision.

For those who are not able to do so, they still require to have this right philosophy and strategy to work with their fund managers who are managing their funds.



==========



https://klse.i3investor.com/blogs/koonyewyinblog/45691.jsp

The most undervalued share I know - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Fri, 31 Jan 2014, 08:23 AM

Koon Yew Yin

My main objective to reproduce this article is to teach you how to become a super investor. My intention is noble but it would seem that I am boasting again.

As I said many a time before, there are many share selection criteria such as P/E , dividend yield, price to book value, NTA etc, but I consider the most important criterion is profit growth prospect.

Before you buy any share you must make sure that the company can make more money this year than last year and it can make more money next year than this year and continue to make increasing money in the foreseeable next few years.

Jaya Tiasa has this ability of producing more and more profit in the next 10 years. Now you, especially kk123 & wt222 who has ridiculed me before must go back to study my article “Why I sold R Sawit and SOP to buy Jaya Tiasa”. It is important for those who have not been successful in stock picking must change their old style or mind-set. Kk123 & wt222 must examine your track record to realise how well you have performed before you dare to ridicule me.




Share price movements of Jaya Tiasa

30.1.2014 RM 2.29
28.3.2014 RM 2.75 (peak)
30.5.2018 RM 0.70
30/05/2018 19:31


 

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