RIMBUNAN SAWIT BHD

KLSE (MYR): RSAWIT (5113)

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Last Price

0.255

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

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18 people like this.

2,727 comment(s). Last comment by calvintaneng 2 days ago

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Posted by calvintaneng > 2019-12-11 13:42 | Report Abuse

Excellent rise

Jaya tiasa or Giant Treasure

Clap
Clap
Clap

Time to sell into strength and switch to Nfcp bull run stocks like Netx, Opcom, Redtone and sacofa(cmsb)
>>>>

😀

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

RSawit

How will earnings change?
i) Lower costs
ii) Higher prices
iii) Expansion into new markets
iv) Higher volume sold in old markets
v) Changes in loss making operations



RSawit is losing money. EBIT is negative; has been for many years. CL >>>CA. Surprisingly, the creditors and bankers have been very "kind" to this company.

Even with disposal of assets and bank loans are settled, the outcome is just a smaller plantation company that continues to be poorly managed and still losing money.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Rsawit: Auditor raises material uncertainty related to going concern. Rimbunan Sawit’s auditor Messrs Crowe Malaysia PLT has raised a material uncertainty related to the going concern of the Main Market-listed plantation group in respect of the financial statement for the fiscal year ended 31 Dec 2022 (FY22). (The Edge)


😅

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

The auditor qualified the audit. This carries more weight than any statements by a Singaporean.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Market manipulation describes a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency.[1]

Market manipulation is prohibited in the United States under Section 9(a)(2)[2] of the Securities Exchange Act of 1934, and in Australia under Section s 1041A of the Corporations Act 2001. The Act defines market manipulation as transactions which create an artificial price or maintain an artificial price for a tradeable security.

Examples

Pools: "Agreements, often written, among a group of traders to delegate authority to a single manager to trade in a specific stock for a specific period of time and then to share in the resulting profits or losses."[3]

Churning: "When a trader places both buy and sell orders at about the same price. The increase in activity is intended to attract additional investors, and increase the price."

Runs: "When a group of traders create activity or rumors in order to drive the price of a security up." An example is the Guinness share-trading fraud of the 1980s. In the US, this activity is usually referred to as painting the tape[4].

Ramping (the market): "Actions designed to artificially raise the market price of listed securities and to give the impression of voluminous trading, in order to make a quick profit."[5]

Wash trade: "Selling and repurchasing the same or substantially the same security for the purpose of generating activity and increasing the price"

Bear raid: "Attempting to push the price of a stock down by heavy selling or short selling."

Posted by stevenchua5 > 1 month ago | Report Abuse

Time will tell who is the winner

xiaoeh

2,138 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by calvintaneng > 25 minutes ago | Report Abuse
One stock called
Prestar or Pre-Star - buy it before it turns into a Star has been a great success
bought this one 2 to 3 times already
now with pan Borneo highway and transkalimantan highway Prestar will do well again
we see insiders buying Prestar just as we
see insiders of Rsawit buying

Financially seems healthy for Prestar
not yet go through additional notes

Thanks Calvin

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

I observed manipulative activities in Netx during the dishonest and clever promotion by calvintaneng. The repeated pattern of 168 to ensure its price closed at a certain price.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

I observed manipulative buying of shares by the insider in TSH during the not so honest and clever promotion by calvintaneng. What I still try to fathom is the price of TSH dropping from RM 1.78 to just 1.00 while calvintaneng posting repeatedly his buy calls through those many months. Miraculously, the buying by the insider disappeared when the price was lower!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>>
Posted by Anderson101 > 32 seconds ago | Report Abuse

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>>>>

TAHNIAH. Engkau kena memahami perbedzaan antara spekulasi dan pelaburan (Investment). Bukan salah membeli Bitcoin. Tentang “value” bitcoin is-lay 0. Harta (price) adalah daripada 0 (kosong) ke-harga tertinggi (unlimited) yang sesiapa mampu dan sesuka hati bayar.


Belajar lah sejarah spekulasi “Tulip Mania” yang berlaku di Belanda pada zaman lepas sebagai ajaran. Juka belajar tentang pembelian dan penjualan Bitcoin olih Elon Musk untuk memahami perbedzaan antara spekulasi dan pelaburan tulen.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

I bought into APM a few years before 2008 GFC. By my assessment of its price then, it was very undervalued. Mr. Tan, a major shareholder and director was buying the shares of his company at regular intervals for many months. Throughout the period of his buying, the price of APM remained low, in the undervalued range. You need a lot of patience to hold this undervalued counter awaiting its repricing.

Slowly before 2008, its price crept up. In 2008 GFC its price dropped in tandem with the drop in the share market. Mr. Tan did not sell. A couple or more years later, APM’s share price was much higher. Mr. Tan stopped buying and turned seller of his own company’s shares.

xiaoeh

2,138 posts

Posted by xiaoeh > 1 month ago | Report Abuse

Dear 3iii
come
name some stocks where which is highly undervalue
and share price has not yet surged to its historical high one

5354_

4,600 posts

Posted by 5354_ > 1 month ago | Report Abuse

Subur Tiasa next counter to watch for Tiong Hiew King related CPO counter ie J Tiasa and R Sawit. Subur Tiasa only RM 209 million shares in issue.

value_invest

1,147 posts

Posted by value_invest > 1 month ago | Report Abuse

Currently Only Jtiasa is turning around financially, operationally and printing money.
Rsawit, Debts few hundred million, palm trees NOT good, companies still burning money for new plantings which will take another 6 to 7 yrs to yield, Debt gearing is expecting to go up further for expansion as almost no cash at bank now, LEGAL case sued by LDHN 58 millions.... That why they need to sell land to survive, need time, 6 to 7 or 10 yrs to turn around... Results will be in RED for many yrs to come...

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

>>>>

Posted by calvintaneng > 2 hours ago | Report Abuse

If all these misgivings are true as stated then Direictors/ Insiders of Rsawit should be dumping all their shares and "ceased to be substantial" shareholders.

On the contrary their buying shows a different picture

In investing we must see beyond the "obvious" which the 95% loser also know

That is why we must think as contrarian


calvintaneng

53,084 posts

Posted by calvintaneng > 2 hours ago | Report Abuse

As for this perverted thinker who thought we can manipulate shares?

Didn't he sees that buy call for bplant was 57 sen
And Ltat took bplant private at Rm1.55
That is the obvious he failed to see


>>>>

Calvin is so defensive. Just stay with the fundamentals.

warent

25 posts

Posted by warent > 1 month ago | Report Abuse

People start switching jtiasa to rsawit, money from bplant switch to thplant and tdm

shawn88

197 posts

Posted by shawn88 > 1 month ago | Report Abuse

Still can't break 0.25

Albukhary

2,719 posts

Posted by Albukhary > 4 weeks ago | Report Abuse

RSAWIT will challenge 25 sen this week.

calvintaneng

53,265 posts

Posted by calvintaneng > 3 weeks ago | Report Abuse

Today 4th April 2024 your wish is surpassed

Rsawit closed over 25 sen to end at 26 sen

Hold tight for the long boom up

As Jtiasa was called the Jumping Tiger

So we name Rsawit as

the "Running Stallone!"

So run Rsawit run!!!

Albukhary

2,719 posts

Posted by Albukhary > 3 weeks ago | Report Abuse

Yup, run Rsawit run...
Minimum 40sen level

Neoh10855

36 posts

Posted by Neoh10855 > 3 weeks ago | Report Abuse

Want break 28 also difficult😆this company ceo makan apa punya? 😅

calvintaneng

53,265 posts

Posted by calvintaneng > 3 weeks ago | Report Abuse

Sustain your patience great movements take time to develop

Neoh10855

36 posts

Posted by Neoh10855 > 3 weeks ago | Report Abuse

Today open 26 high 27 Lucky close 27

investor77

742 posts

Posted by investor77 > 3 weeks ago | Report Abuse

Will turn around under good management. Pare off debts by selling cheap land. Bumper profits ahead as cost of production low. Same owner as JTiasa, so can catch up to J Tiasa level in a few years Insiders buying as show of confidence.

Albukhary

2,719 posts

Posted by Albukhary > 3 weeks ago | Report Abuse

Close 27sen, very good performance for this week.
Next week will continue to charge up

Jeffbkt

130 posts

Posted by Jeffbkt > 3 weeks ago | Report Abuse

Hi Calvin, the article does not mention what is the target FFP in the coming quarters. If you look at the Jan and FEB FFP output it is still below 20K MT. 2023 turn around also due to one off of impairment reversal of 64M so in total 2023 is still not out of wood yet. Although the total plant area is big but only 20,849 ha of the oil palms were in prime mature age cluster (eight to 19 years). RSawit still required to replant the another 17,794ha which has old age plant in coming years. So I wonder how RSAWIT can be considered to be better than JTIASA which is currently net cash, pay dividend and FFP production is 4 times better than RSAWIT plus share base is half of RSAWIT. I guess the main question is still the FFP in the coming quarters.

hsong

167 posts

Posted by hsong > 3 weeks ago | Report Abuse

Whats the nta based on current valuation of the land

calvintaneng

53,265 posts

Posted by calvintaneng > 3 weeks ago | Report Abuse

Jeffbkt

There is a hidden secret in Rsawit which is superior and can leapfrog Jtiasa in value unlocking unknown to many

While Jtiasa got huge Ffb harvest the Huge Pulau Bruits lands are only "rented" to Jtiasa. About 130,000 acres in Pulau Bruit are stated as "rented lands"

For Jtiasa therefore it is more a pure earnings play just like Inno

But for Rsawit it owns all its lands with title deeds and now that palm oil estates are in hot demand Rsawit will stand to reap a golden windfall notwithstanding its Ffb still low

calvintaneng

53,265 posts

Posted by calvintaneng > 3 weeks ago | Report Abuse

Hsong

The Nta of rsawit is stated at 18 sen when its lands were purchased as early as year 1988
36 years ago and still at old book value

In year 1988 a 2 storey bungalow on 10,000 sq ft land was worth Rm500k only

Today is Rm12 millions to Rm15 millions

So how much is rsawit lands worth today?

Their cost is as low as Rm3,500 per acre

One acre is 43,560 sq ft or about 4X the land size of bangsar bungalow

And rsawit got 175,000 acres in Kuching, Sibu and Miri

So if all are revalued how much do you think the revised Nta will be

calvintaneng

53,265 posts

Posted by calvintaneng > 3 weeks ago | Report Abuse

Now after Bplant was taken private THEEDGEDAILY revealed a piece of palm oil lands Bplant sold to Kedah Govt.

From the market price we noted that Bplant book value only about 10%

So Bplant made almost 1,000% profit by selling its Kulim lands to be converted into Kulim Industrial parks

calvintaneng

53,265 posts

Posted by calvintaneng > 3 weeks ago | Report Abuse

To all dear Investors of Rsawit

Today Rsawit will conduct EGM to vote for sale of two palm oil estates totalling Rm165 millions
There will be a good profit of Rm77 millions translated to a cash profit of 3.77 sen per share
And this will be reported by Aug 2024 results
Can ask for a "special dividend" if possible

That's all

Calvin

Posted by cybermen35 > 2 weeks ago | Report Abuse

The money can be used to partially pay off the debt.

calvintaneng

53,265 posts

Posted by calvintaneng > 2 weeks ago | Report Abuse

Just noticed

Mr. Gooi Seong Gum, Director of Kmloong is in Top 25 of Rsawit with 3 million Rsawit shares

An endorsement by Kmloong people who are so conservative speaks volumes for Rsawit

x_abe81

106 posts

Posted by x_abe81 > 2 weeks ago | Report Abuse

Thanks Calvin, with that EGM in mind and potential cash profit or special dividend should they proceed with the land sales, what is the fair value target for Rsawit share?

calvintaneng

53,265 posts

Posted by calvintaneng > 2 weeks ago | Report Abuse

x_abe81

yes since Top holder got more than 60% voting rights the Egm will pass

As for value of Rsawit

I bought Rsawit at around 60 sen in years 2015 to 2017

about the same time I also bought Thplant and Bplant around Rm1.00 to Rm1.10 range and bought Jtiasa around Rm1.20

Both Thplant and Bplant did not move much as they ranged Rm1.10 to Rm1.20. however both gave very good dividends

as for Jtiasa it gave no dividend but share price jumped above Rm1.60 to Rm1.70

Rsawit was a total disappointment which I "cutloss" around 50 sen

Now since Thplant up over 70 sen , Bplant taken private by Ltat at Rm1.55 and Jtiasa has surged back to Rm1.40 I think Rsawit is a laggard that should rise up much higher from here

how high?

I think 60 sen is the target and hopefully it will cross it's all time high above Rm1.00 one fine day

calvintaneng

53,265 posts

Posted by calvintaneng > 2 weeks ago | Report Abuse

AN INTERESTING DISCOVERY: WHY MR GOOI SEONG GUM (DIRECTOR OF KMLOONG & CRESCENDO) BOUGHT 3 MILLION RSAWIT SHARES IN YEAR 2020, By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-09-story-h-184552044-AN_INTERESTING_DISCOVERY_WHY_MR_GOOI_SEONG_GUM_DIRECTOR_OF_KMLOONG_CRES

shawn88

197 posts

Posted by shawn88 > 2 weeks ago | Report Abuse

Waiting to break 0.30 but still far compare with tdm

calvintaneng

53,265 posts

Posted by calvintaneng > 2 weeks ago | Report Abuse

30 sen?

28 sen already good

it was only 22 sen not too long ago when Naysayers like iiinvestbodoh and others were casting doubts

At last Rsawit the Running Stallone is 28 sen and up 27.2%

this beats Warren Buffet"s yearly 25% performance already

Go go Power Ranger!

Go go The Running Stallone !

Posted by EngineeringProfit > 2 weeks ago | Report Abuse

Impressive! Calvin Vs naysayers= 1: 0

Sales

3,194 posts

Posted by Sales > 1 week ago | Report Abuse

Managed to get Rsawit at 0.24sen

Posted by NonameAS > 1 week ago | Report Abuse

Hope CPO dropped prices will not affected much rsawit further down again like previous day!

shawn88

197 posts

Posted by shawn88 > 1 week ago | Report Abuse

No more up up up 😔

Posted by NonameAS > 1 week ago | Report Abuse

Why tauke rsawit dun wan to top-up again since the shares prices keeping dropping. Is it becos cpo prices not yet reached the lowest??

Posted by NonameAS > 1 week ago | Report Abuse

If CPO keep down then sure tauke wan sell some volumes change to cash flow purpose.

calvintaneng

53,265 posts

Posted by calvintaneng > 6 days ago | Report Abuse

BOTH MD Managing Director & COO (Chief Operating Officer) HAVE BOUGHT MORE

MKHOP IPO AT 62 SEN VERSUS BPLANT, HS PLANT, THPLANT, RSAWIT, JAYA TIASA, TAANN & TSH RESOURCES: COMPARE & CONTRAST, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-23-story-h-182939331-MKHOP_IPO_AT_62_SEN_VERSUS_BPLANT_HS_PLANT_THPLANT_RSAWIT_JAYA_TIASA_TA

calvintaneng

53,265 posts

Posted by calvintaneng > 5 days ago | Report Abuse

Get on the Stallone before it runs away

calvintaneng

53,265 posts

Posted by calvintaneng > 5 days ago | Report Abuse

Stallone 🐎🐴

calvintaneng

53,265 posts

Posted by calvintaneng > 2 days ago | Report Abuse

Latest audit problem was from April 2023

already solved as Rsawit has successfully disposed 2 plots of lands for Rm165 millions

and in the process of land disposal there is a new found bullishness that Rsawit lands are now "gold mine" lands of good value

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