Dear Friends of i3 Forum,
MKHOP Has garnered an 8.43 Times Over Subscription of Its New IPO at 62 sen!
An Over Whelming Response Indeed!
Now we will compare some of our Top 10 Picks in EAGLE VISION FIRST MOVER GROUP Stock Picks Since Year 2021
And we selected these
1) BPLANT: This was taken private by LTAT at Rm1.55 (Buy call was 57 sen)
2) HS PLANT (All lands in Sabah)
3) R SAWIT (All lands in Sarawak
4) THPLANT (Lands in Peninsular, Sarawak & Sabah)
5) JAYA TIASA (All lands In Sarawak)
6) TAANN (All lands in Sarawak)
7) TSH RESOURCES (Lands in Sabah & East Kalimantan)
Now let's begin:
1) BPlant
Total paid up shares: 2.248 Billions
Buy call at 57 sen
And Total Acres 220,000
To get original cost
2.248 Billion X 57 sen
= Rm1,281,360,000
Cost per Acre Divides Rm1,281,360,000 by 220,000 Acres
= Rm5824 per acre
LTAT Took Bplant Private at Rm1.57
At Rm1.57 with Rm2.248 Billion
LTAT is offering Rm3,529,360,000 To Take Bplant private
and per acre = Rm16,042
However, Bplant got an outstanding loan of Rm800 Millions
Adding loan cost
= Rm19,678 per acre
Now let's compare with MKHOP
It has a paid up Capital of 1.02 Billion shares or 1,020,000,000 shares
Total land Area is 45,000 Acres
IPO Price 62 sen
To get per acre cost
Multiply Total Paid up shares by 62 sen a piece
then divides by 45,000 acres
So 1,020,000,000 x 62 sen
= Rm632,400,000
divides by 45,000 acres
= Rm14,053 per acre
S0 MKHOP is priced lower than Bplant final privatised price.
2) HS PLANT
Total Paid up shares 800 million
Price Rm1.86
Total acres 99,529
Less Rm600 Millions Cash
Price per acre : Rm8,922
All the Palm OIl lands of HS Plant are located in Sabah
Hs Plant is Cash rich & has a dividend policy of 60% from net profit
If you are looking for utmost safety with dividend then Hs Plant is ideal
3) THPLANT
Total Paid up Capital 883 million shares
Price 66 sen
Total land size 240,000 acres
Outstanding debt Rm1 Billions
So 883 million x 66 sen
= Rm582,780,000
Add Debt Rm1 Billions
Divides by 240,000 acres
= Rm6,594 per acre cost
Now just like Bplant THPLANT Got lands in Peninsular (From Trengganu to Pahang to Johor), & Sarawak/Sabah
Its lands in Trengganu are located near Kertih, Its Sarawak lands in Serian & Tatau are along Prime Area near Pan Borneo HIghway
So THPLANT is a candidate for privatisation for its grossly undervalue land banks
4) R SAWIT
Total paid up shares 2.04 Billions
Price 24.5 sen
Total land area: 172,500 acres
Or 2.04 Billion x 24.5 sen
= Rm499,800,000
Add debt Rm320 Million
Divides by 172,500 acres
= Rm4,752 per acre cost
And Lands of Rsawit are located near Kuching, Sibu & Miri
No wonder Insiders are buying
See
18-Apr-2024 | Acquired | 500,000 | 0.245 | ||
09-Apr-2024 | Acquired | 255,000 | 0.270 | ||
22-Mar-2024 | Acquired | 500,000 | 0.230 |
Mr Tiong Chiong Ie is MD (Managing Director of RSawit)
Mr Wong Ing Seng is COO (Chief Operating Officer)
5. JAYA TIASA
973,717,797 shares
Price Rm1.28
Land size 206,000 acres
Per Acre Cost: Rm6,050
Now Note This
Out of 206,000 acres 171,000 Acres of JTIASA are Prime Productive age
About 2 1/3 Times the Size of Penang Island
And JTIASA Has a P/E of only 7
MKHOP's P/E is 20.3
That Means if from Pure Earnings Jaya Tiasa will double your money in less than 7 years whereas MKHOP will double your money in 20.3 years time
Of course people who knows VALUE are going GaGa over Jtiasa
For MKHOP there is a different story?
What Story?
IPO FEVER!
So if people likes GORENG THEY WILL GO FOR MKHOP!
6) TAANN
Total paid up shares
444,840,000 Shares
Price Rm4.17
Land Size: 160,615 Acres
Cost per acre: Rm11,549
TAANN ALSO HAS A 60% DIVIDEND PAY OUT LIKE HS PLANT
SO TAANN IS A DIVIDEND CASH COW.
7) TSH RESOURCES
Total paid up shares 1.38 Billions
Price Rm1.14
Total land 188,000 Acres
So 1.38 Billions x Rm1.14
= Rm1,573,200,000
Less Remeasurement gain of INNO
Rm70 Millions
= Rm1,503,200,000
Divides by 188,000 acres
= Rm7,995 per acre
Now MKHOP per acre cost is Rm14,053
So Cost per Acres TSH is cheaper by Rm6,058
But wait a minute!
They said MKHOP's lands are Near to Ikn Nusantara {New Admin Capital of Indonesia)
Is that so?
Then take a good look at lands owned by TSH Resources
MKHOP lands' distance to Titik Nol Ikn Nusantara below
1.84 SEN
2.14 SEN
0.77 SEN
2.13 SEN
TOTAL LAST 4 QTRS
= 6.88 SEN
FOR P/E DIVIDES RM1.14 BY 6.88 SEN
= 16.56 P/E
SO TSH'S P/E AT 16.56 IS CHEAPER THAN MKHOP AT 20.3
NO MATTER HOW YOU LOOK AT IT: FROM LAND VALUE POTENTIAL , P/E, OER EXTRACTION, MANAGEMENT SKILL TSH RESOURCES IS A VERY UNDERVALUE & OVERLOOKED SHARE OF DEEPEST VALUE WITH A VERY BRIGHT FUTURE
THANK YOU FOR READING
NOW PLEASE DO YOUR OWN DUE DILIGENCE
AND CONSULT YOUR FUND MANAGER/REMISIER BEFORE BUYING AND SELLING
WITH KIND REGARDS
Calvin Tan
Chart | Stock Name | Last | Change | Volume |
---|
2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-03
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-02
MKHOP2024-05-01
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOP2024-04-30
MKHOPCreated by calvintaneng | May 02, 2024
Created by calvintaneng | Apr 29, 2024
Created by calvintaneng | Apr 27, 2024
Created by calvintaneng | Apr 06, 2024
1 week ago
A summary
For fastest real time earnings - Jaya Tiasa
For lowest cost of land bank value Rsawit
For potential privatisation Thplant
For safety of capital and dividends - Hs plant & Taann
For future potential growth in ikn nusantara - Mkhop & Tsh Resources
In any case we will not include Mkhop in Eagle Group top picks as it has only 45,000 acres
We want to select those with 200,000 acres
1 week ago
The chasing of syndicated hot stocks, IPO fever and what is popular without substance will eventually cause 90% to 95% of traders, punters and gamblers to lose out
1 week ago
TSH RESOURCES (9059) 2023 ANNUAL REPORT: SHOWS A WONDERFUL COMPANY WITH AMAZING CHANGES, By Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-25-story-h-182876873-TSH_RESOURCES_9059_2023_ANNUAL_REPORT_SHOWS_A_WONDERFUL_COMPANY_WITH_AM
1 week ago
calvintaneng
IKN NUSANTARA
https://www.youtube.com/watch?v=mG-l5pnoNYw
1 week ago