|
| |
Overview
Financial Highlight
HeadlinesBusiness Background Jaya Tiasa Holdings Bhd is an investment holding company, operates as a timber producer in Malaysia. Business activity of the group is breakdown into various segments which include logs trading, manufacturing, oil palm, and others. Through its subsidiaries, the company manufactures a product such as sawn timber, blockboard, plywood, veneer and related products which are sold in the market of Asia Pacific, Middle East, Europe and Latin America. In addition, the firm also provides air transportation services and it is further engaged in the development of oil palm plantations.
  Mikecyc Date Settlement Price RM 12 Jan 21 3695 11 Jan 21 3797 8 Jan 21 3830 7 Jan 21 3817 6 Jan 21 3877 5 Jan 21 3755 4 Jan 21 3724 31 Dec 20 3600 13/01/2021 9:33 AM Woodswater Mikecyc Haha what about fcpo ?? 13/01/2021 9:34 AM Mr Market will tell Wakakakaka 13/01/2021 10:23 AM Mikecyc Jtiasa Fruit Bunches Revenue P/ Loss FY21 Q1 326,209 221.10 M 34.84 M FY20 Q4 238,549 139.26 M (36.11 M) FY20 Q3 173,388 144.59 M (45.92 M) FY20 Q2 273,559 186.91 M (7.26 M ) FY20 Q1 425,801 232.53 M 15.77 M CPO : FFB FY21 Q1: July2020 = 20,936 : 117,666 Aug2020 = 20,974 : 114,525 Sept2020 = 16,898 : 94,018 FY21 Q2: Oct2020 = 14,167 : 79,835 Nov2020 = 12,054 : 66,966 Dec2020 = 11,325 : 59,766 13/01/2021 1:56 PM Mikecyc Haha previously posted Oct n Nov output is averagely decreased by 37 % .. with Dec output is it decreased by 40 % ke ??? 13/01/2021 1:59 PM FCM100 It will be a profitable quarter compared to last year corresponding quarter which was loss making. Rough calculation is it will be making around Rm15M net profit. 13/01/2021 3:11 PM  Mabel Market now starts talking about commodities super cycle, caused by pandemic as the structural catalyst, eg weaker dollar, limited supply due to closure of mines or shortage of (foreign) workers, stimulate economic activities & therefore commodity consumption, and synchronised efforts by countries to limit the export/ increase tax of agricultural products... “On January 11th Argentina lifted a ban on corn exports, but imposed a cap. Russia plans to tax wheat exports from mid-February.” Commodities bull has started. Let see how far it can run. Looks like Mouse will miss this bull again... Meow 13/01/2021 10:31 PM MrKiasu when everybody was focusing on the CPO record high price. Many not aware that the log price also trading at four-year record high. December 31, 2020 287.00 November 30, 2020 285.35 October 31, 2020 283.12 September 30, 2020 282.12 August 31, 2020 280.84 July 31, 2020 278.89 June 30, 2020 276.71 May 31, 2020 277.73 April 30, 2020 276.24 March 31, 2020 276.93 February 29, 2020 270.56 January 31, 2020 272.40 13/01/2021 10:44 PM MrKiasu My rough calculation. Q4 will be pretty handsome top and bottom line. Estimated revenue 400m, net profit 60m which is double against Q3. 13/01/2021 10:48 PM MrKiasu https://www.theedgemarkets.com/article/jaya-tiasa-valuation-attractive-says-affin-hwang-capital 13/01/2021 10:56 PM Mikecyc Date Settlement Price RM 12 Jan 21 3695 11 Jan 21 3797 8 Jan 21 3830 7 Jan 21 3817 6 Jan 21 3877 5 Jan 21 3755 4 Jan 21 3724 31 Dec 20 3600 30 Dec 20 14/01/2021 8:51 AM Sam Chong Aiyaa... scare what, production drop a bit only ma, buy in some more, is time to buy buy buy, drop more buy more, keep lose money keep buying , cpo price high ma... buy only lo... hahaha... who is losing money??? Where is master Calvin? Why quiet ad??? 14/01/2021 12:37 PM Beltland Average cpo price 2020 Oct. rm 2979.50 Nov.rm 3422 Dec rm 3620.15 Average cpo price for coming ortly result roughly rm. 3340.55 Fantastic result coming !!!! : 14/01/2021 11:33 PM Sam Chong Yeah fantastic result, production July 117,676 Aug 114,525 Sep 94,018 Oct 79,835 Nov 66,966 Dec 59,766 Cpo price July 2,519 Aug 2,815 Sep 2,924 Oct 2,979.5 Nov 3,422 Dec 3,620.5 Production drop 40%, price increase 20%, please all in before you miss the boat, this is fantastic result, I already buy more and more since 90+ c, buy more please, master sifu Calvin tan right? Please correct me if I am wrong. 15/01/2021 10:01 AM Kang Yao Assume palm oil cost is 2000. from figure share by Sam. Jul-Sep revenue should be around 900mm, profit should be should be240mm, but last qtr report only shows palm oil division revenue ony 310mm, result of 90mm if add back the depreciation, while company operating cash flow is merely 75mm. Do anyone know if they hold inventory or sell on that same month of production? if jtiasa do hold inventory and unload them in Sep-Dec qtr, then the coming qtr result will be crazy high. 15/01/2021 3:01 PM crocodile1980 Good question/ points. With the much higher CPO price but the share price been suppressed and I will consider as "Price in" the doubt of low production. Hence, if there is time lag between inventory selling vs production, then the price will then be significantly corrected upside. So, I will hold my position. "Do anyone know if they hold inventory or sell on that same month of production? if jtiasa do hold inventory and unload them in Sep-Dec qtr, then the coming qtr result will be crazy high." 15/01/2021 3:09 PM brianklc CPO have been profit taking for this week while Soya keep hitting ATH... perhaps we need Pfizer help on CPO. 15/01/2021 8:09 PM newbie4444 Net loss from CPO production 40% down vs CPO price up 20% not 20% drop in sales sifus? 16/01/2021 5:45 PM TheSecret Wait patiently until Feb quarter result, I think sure will better result quarter by quarter. I hold. La Nina still serious at oversea. 17/01/2021 5:11 PM TheSecret Are we forgot Jtiasa also got logs production? Oct 2020 was 14,800 Nov 17,500 Dec 20,500 keep increasing logs prices also all time high now. See the link below 17/01/2021 8:45 PM Mikecyc Haha forgotten u promote wtk also : timber 70 % , oil palm 30 % .. QR is with Huge Loss . Jtiasa 77 % Oil palm , 23 % Timber loh ... 18/01/2021 8:10 AM Mikecyc Description: Logs (Malaysia), meranti, Sarawak, sale price charged by importers, Tokyo beginning February 1993; previously average of Sabah and Sarawak weighted by Japanese import volumes Unit: Malaysian Ringgit per Cubic meter Currency: Compare to: Source: International Tropical Timber Organization; Mokuzai Shikyo Geppo; World Bank. See also: Agricultural production statistics See also: Top commodity suppliers See also: Commodities glossary - Definitions of terms used in commodity trading Month Price Change Jun 2020 1,183.06 - Jul 2020 1,189.12 0.51 % Aug 2020 1,176.90 -1.03 % Sep 2020 1,171.07 -0.50 % Oct 2020 1,175.92 0.41 % Nov 2020 1,174.96 -0.08 % Export table to Ex 18/01/2021 8:13 AM Sam Chong Aiyoo... drop more, buy more??? Keep losing money, how o???? Why cpo price so high but share price won’t go up one???? Aiyoyo... how o??? Buy more ah? Keep drop then how??? Where is sifu Calvin, please help ler, without ur support the share price keep drop 18/01/2021 9:25 AM Kang Yao Correction on my previous calculation. should have taken the CPO production instead of FFB. Anyway, coming qtr result should be better according to previous quarter data and result 20'Jun Qtr : CPO 39,618MT & PK 7,587MT - CPO avg $2245 - EBIT 53mm 20'Sep Qtr : CPO 58,808MT & PK 13,903MT - CPO avg $2692 - EBIT 96mm 20'Dec Qtr : CPO 37,546MT & PK 7,900MT - CPO avg $3286 - EBIT ??? if the cost of production is $1800-2000, benchmark against Jun qtr, the production MT is around the same, but the avg price difference is $1000. so EBIT should be above 2x - 4x of Jun Qtr. 18/01/2021 10:13 AM Sam Chong Keep losing money o, wanna die ad lo... how o??? Sifu Calvin, faster save jtiasa 18/01/2021 12:04 PM  bulldog Mickey mouse naysayers 3 stooges please come back to TDM specialist hospital for mental disorders treatment Huat chaiii 18/01/2021 12:11 PM Sam Chong Cut loss??? Or keep average down??? But scare the share price keep drop, how o??? Panic ler... sell or buy??? Sifu faster save jtiasa 18/01/2021 12:12 PM supermaxdarren 1)if got capital wait for right timing to average down 2)if not much capital/bullet cut loss and wait for reenter opportunity this only applicable to counters that with good fundamental or growing stocks. 18/01/2021 2:13 PM supermaxdarren what is right timing? pls get advise from TA traders since chart show the buy in timing more accurately/higher possibility. 18/01/2021 2:15 PM Kang Yao Jtiasa Cash Flow Statement from FY12 > 20 Operating: 204 199 187 102 160 162 157 67.2 184.6 Investing: (255.4) (413.4) (188.4) (165) (217) (127) (66) (46.0) (19.9) Finance: 34.8 233.9 (70.1) 24 80 (30) (99) (71.1) (143.3) FreeCashFlow: 204 199 187 102 160 162 157 67 185 It shows the company is actually generating very healthy free cash flow every year. The losses are due to depreciation and non cash item. The good thing is you will notice its already over the phase of heavy capex, and they have strong cash to pay down their debt. With 975mm shares issued, the Return of Free Cash Flow per share is 18% for FY20 based on share price of RM1 If benchmark against FY14 which generate similiar free cash flow, the share price on FY14 is around RM2 range. Total debt in FY14 is slightly higher than FY20 though. One more point i found amazing is the company working capital is mostly in negative territory, it means they are able to generate free cash flow using other peoples money. While the share price performance looks crappish, the numbers looks amazing .... but never see the company aggresive do share buys back ....hmmmm Anyone sees a different picture? maybe I miss something... 18/01/2021 2:33 PM Mikecyc Fruit Bunches Revenue P/ Loss FY21 Q1 326,209 221.10 M 34.84 M FY20 Q4 238,549 139.26 M (36.11 M) FY20 Q3 173,388 144.59 M (45.92 M) FY20 Q2 273,559 186.91 M (7.26 M ) FY20 Q1 425,801 232.53 M 15.77 M CPO : FFB FY21 Q1: July2020 = 20,936 : 117,666 Aug2020 = 20,974 : 114,525 Sept2020 = 16,898 : 94,018 FY21 Q2: Oct2020 = 14,167 : 79,835 Nov2020 = 12,054 : 66,966 Dec2020 = 11,325 : 59,766 18/01/2021 2:36 PM Mikecyc Date Settlement Price RM 15 Jan 21 3423 14 Jan 21 3527 13 Jan 21 3692 12 Jan 21 3695 11 Jan 21 3797 8 Jan 21 3830 7 Jan 21 3817 6 Jan 21 3877 18/01/2021 2:39 PM Mikecyc Referred to FY21 Q1 ended Sept report: a) Financial assets Trade and other receivables 39,269,000 Cash and bank balances 40,264,000 total = 79,533,000 b) Financial liabilities Loans and borrowings 751,211,000 Trade and other payables 181,896,000 Lease liabilities - total = 933,107,000 a) - b ) = ( 853,574,000 ) 1.) Financial Assets - Financial Liabilities =( RM 853.574 million ). 18/01/2021 2:45 PM Mikecyc 2.) A hidden risk on Payables - Receivables = 188,213,000 - 36,362,000 = RM 151.851 million 18/01/2021 2:49 PM winmal Don't waiting your time ....now you don't sell. loss your golden opportunity to sell high 18/01/2021 2:57 PM Sam Chong Cut loss cut loss, rugi too much money ad, master sifu Calvin don want to push this counter ad 18/01/2021 3:10 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
