Posted by Dehcomic01 > 2024-01-03 07:15 | Report Abuse

I am a fundamental investor that relies on historical information to analyse and value companies. Whenever I tell this to investors, they will often cite the well known disclaimer used by all financial advisers – past results does not equal future performance.
When I look at a company’s performance, I know that it is due to the “economic and other resources set-up (strategies, management, funding, etc).” that the company has. So if these result in a good performance in the past, there is a good chance that it will continue to do so in the near future.
Don’t think in terms of a continuation of the past numbers. Think in terms of the continuation of the past set-up That is the reason why track record is important in my analysis. It gives me confidence that the company has the set-up in place to deliver good performance.
Take the example of Rimbunan Sawit which had negative ROE yearly for the past 8 years. In contrast, here are many plantation companies (eg KFIMA) that had delivered positive ROE yearly for the past 8 years. So it cannot just be an external problem. I would think that unless there is some major change in the setup, the past = the future. https://ujianehc.blogspot.com/2023/11/bursa-plantation-sector.html

Posted by newbie9893 > 2 months ago | Report Abuse

ast chance to grap Rsawit @0.205, you won't get this price in afternoon section.. trust me

Posted by shawn88 > 2 months ago | Report Abuse

Wow drop back 0.19 .. 😴

Posted by investor77 > 2 months ago | Report Abuse

Management has changed for the better as can be seen form having profit for Q4. Large land acreage of around 190,000 acres. CPO price will be around RM 4000 for the time being with low Fertilizer price. At estd eps of 5 cents for year, PE of around 5X.

Posted by adikkici > 2 months ago | Report Abuse

Very slow. Kaunter plantation lain laju je

Posted by shawn88 > 2 months ago | Report Abuse

Haha cannot fight with jtiasa tdm

Posted by daretocutandchange > 2 months ago | Report Abuse

management and debt how ? good or bad ?

Posted by daretocutandchange > 2 months ago | Report Abuse

how many acres r sawit have ? average year,mature , immature and prime of oil palm tree ?

Posted by EngineeringProfit > 2 months ago | Report Abuse

100000 acres planted???? Not even 70000, Calvin. Check your fact

Posted by xiaoeh > 2 months ago | Report Abuse

Calvin is the most humble and willing to share unconditional sifu compare to others from what i observed
although sometimes posting unrelated materials (but reduce recently)
give u a like👍

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

RSAWIT

2023 Income Statement
Rev 507.8 m
COGS 488.6 m
Gross Income 19.1 m
SGA Expenses (43.2 m)
EBIT (24.1 m)
NOI 56.0 m
Int Exp (14.4 m)
PBT 17.6 m


2023 Balance Sheet
Cash 3m
STDebt 188m
LTDebt 152m

CA 47m
CL 302m

Current Ratio 0.16
Quick Ratio 0.08
Cash Ratio 0.01

Inventory 22m
AR 14m
AP 67m

CA 47
FA 672
Other Assets 134
TA 853

CL 302m
LTL 152m
Deferred taxes 37m
TL 491m
TEq 362m
TL+TEq 853m

2023 Cash Flow Statement
Net income 17.6 m
D&A 68.8 m
Other Funds (67.4m)
FFO 19.96m
CWC 26.5m
NOCF 45.4m

Capex (41.7m)
FCF 3.7m

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Summary:

Quality of Business: 👎
Management: 👎
Valuation: (don't bother, look for another stock to analyse)👣

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

RSAWIT

2023 Income Statement
Rev 507.8 m
COGS 488.6 m
Gross Income 19.1 m
SGA Expenses (43.2 m)
EBIT (24.1 m)
NOI 56.0 m
Int Exp (14.4 m)
PBT 17.6 m

Its ongoing operation made losses in 2023. EBIT (24.1m). Look at its interest expense of (14.4m). It cannot even pay the interest from its business operations. Interest cover is negative.

It sold 2 pieces of estate giving a NOI of 56m. However, its business remains gruesome indeed.

Posted by EngineeringProfit > 2 months ago | Report Abuse

3iii Vs Calvin : 1 Vs 0 for now

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

2023 Balance Sheet
Cash 3m
STDebt 188m
LTDebt 152m

CA 47m
CL 302m

Current Ratio 0.16
Quick Ratio 0.08
Cash Ratio 0.01

Inventory 22m
AR 14m
AP 67m

CA 47
FA 672
Other Assets 134
TA 853

CL 302m
LTL 152m
Deferred taxes 37m
TL 491m
TEq 362m
TL+TEq 853m


What do you think of this balance sheet?
It is horrible.
It is net debt positive. Huge total debts of 340m, and current debt is 188m.

CA 47m
CL 302m

Current Ratio 0.16
Quick Ratio 0.08
Cash Ratio 0.01

The current ratio implies this company is insolvent. Its continuing operation depends on the mercy of it creditors and lenders.

TL 491m
TEq 362m
TL+TEq 853m
TL/TEq = 1.36x
TL/TA = 57.6%

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Its NAV per share is 18 sen
At 22.5 sen per share today, it is trading at a premium to its NAV!
Market can be irrational!

This stock is overvalued. It should be trading at a huge discount to its NAV.

Please do your own assessment and forward here your analysis and opinion.🤝✌

Posted by EngineeringProfit > 1 month ago | Report Abuse

3iii Vs Calvin : 1 Vs 0

Calvin, how much they pay you to lure bilises here?

Calvin, how much

Posted by Sales > 1 month ago | Report Abuse

Calvintaneng ,I like your comments:):):)

Posted by xiaoeh > 1 month ago | Report Abuse

Calvin also cut loss at 0.50 Rsawit leh didnt u read the research EP?

Unlike many other sifu shouting buy at the high price, Calvin also advise trader should do own due deligent and go ask own remiser b4 buying stock bro

EP pls provide facts and figures to give different opinion leh
U used to be very good in essay writing to provide your opinion didnt u?

Posted by stevenchua5 > 1 month ago | Report Abuse

Then why MD is buying?

Posted by stevenchua5 > 1 month ago | Report Abuse

To lure Calvin?

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

>>>>
Posted by calvintaneng > 2015-06-10 18:38 | Report Abuse

LATEST GOOD NEWS
OPEC WANTS OIL TO BE PRICED AT USD80

GREAT NEWS FOR ARMADA!

DON'T MISS THE BOAT!
>>>>

June 2015. Armada RM 1.22
Today RM 0.54

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

>>>
Posted by calvintaneng > 2016-03-22 10:00 | Report Abuse

RSAWIT?

ROARING SAWIT!

WILL ROAR ALL THE WAY TO RM1.00!

BY THE POWER OF EL NINO & LA NINA
>>>

Posted by calvintaneng > 1 month ago | Report Abuse

This fella quoted from June 10 2015

Got remind yourself?

On June 10 2015

Dutch lady Rm46.00
Today it is Rm24.00

Anyone who bought dlady would have lost Rm22.00 a share!

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

March 2016. RSAWIT. 56SEN
TODAY 22 SEN

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

How can someone who is so noisy be so "good"? Interesting observations.

Hope his wife and children are happy. 😀

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

"Cutloss" Very quietly. :-)

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

Cut-win? Cut-loss? 😊


So fascinating.

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

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

Saya ingat kawan-kawan memanggil saya gila ketika saya mula melabur dalam bitcoin, sekarang saya membuktikan dengan pulangan mingguan empat angka. Semua berkat kepada Puan Melissa Valdez FX di Facebook. Saya akan terus memberi kesaksian kepada seluruh dunia bahawa beliau telah mengubah hidup kewangan saya. Memang, beliau yang terbaik. Jangan ketinggalan!+1 978-566-1833
>>>>

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.

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

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.

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.

Posted by warent > 1 month ago | Report Abuse

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

Posted by shawn88 > 1 month ago | Report Abuse

Still can't break 0.25

Posted by Albukhary > 1 month ago | Report Abuse

RSAWIT will challenge 25 sen this week.

Posted by calvintaneng > 1 month 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!!!

Posted by Albukhary > 1 month ago | Report Abuse

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

Posted by Neoh10855 > 1 month ago | Report Abuse

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

Posted by calvintaneng > 1 month ago | Report Abuse

Sustain your patience great movements take time to develop