Originally Answered: which jubilee represent 100 years anniversary?
25= silver jubilee
50 = gold jubilee
75= platinum jubilee
100 = diamond jubilee
When you notice the cent- bit in the word centennial you probably think of words like century (100 years) and cent (100 pennies that make up a dollar), and that tips you off that centennial has something to do with the number 100. What these words all share in common is an origin in the Latin word centum, meaning 100.
This year, Malaysian people are honoring a tree with oil-rich fruit because 2017 marks 100 years of Malaysian palm oil production. This edible oil has made a profound impact on the country. Not only does Malaysian certified sustainable palm oil provide nutrition to more than three billion people worldwide, it has been credited with reducing poverty and improving living conditions in this progressive nation. So why should Americans join in the celebration? Because more than 80 percent of the palm oil used in the U.S. is sourced from Malaysia. You’ll find this “golden oil” in many of your favorite foods, from peanut butters to candy to granola bars.
Here’s what Americans need to know about Malaysian palm oil:
It’s more nutritious than other cooking oils. Malaysian certified sustainable palm oil is a balanced fat and naturally trans fat-free. It’s also nature’s richest source of heart- and brain-friendly vitamin E tocotrienols, as well as a rich source of other antioxidants. And unlike most of the soybean, canola and corn oil on the market, palm oil is non-GMO.
Malaysian palm oil is produced by family farmers. Family farmers, called smallholders in Malaysia, are an important part of the Malaysian palm oil industry. These hard-working, independent farmers tend more than 40 percent of the oil palm-planted areas in Malaysia. Many of the smallholders belong to local industry associations. These groups help smallholders earn a fair income. The associations also invest in community infrastructure such as roads and schools.
Malaysian oil palm plantations are incredibly efficient. Malaysian oil palm plantations produce more oil on less land than any other oilseed crop. A single acre of oil palm produces 11 times more oil than soybeans and 10 times more than sunflower. In fact, this Climate Focus report identifies soybeans as the number two driver of deforestation, behind livestock.
Malaysia strives for sustainability. Being sustainable is a way of life in this rainforest-loving nation. Case in point: At the very first Earth Summit Malaysia pledged to maintain at least half of its total land area under forest cover. It has kept that promise. Now Malaysia is requiring all local oil palm plantations to achieve the stringent Malaysian Sustainable Palm Oil (MSPO) certification standard by 2019. This will confirm that all Malaysian plantations are following processes that benefit the planet, as well as the Malaysian people and economy. As of January 2017, more one million hectares of Malaysia’s palm planted area have been certified sustainable.
Please clip on and view the 100 years of Malaysia Palm Oil
Please clip on and view Oil Palm Plantation, Malaysia
The mythological tale of the Pillars of Hercules, tells a story that Hercules himself, while having to cross a mountain on his way to the garden of the Hesperides, used his superhuman strength to smash a mountain into two pieces that was blocking his way, rather than climb over it. When these two pieces of the mountain fell into the sea, they formed what we know of today as; Gibraltar and Monte Hacho. Ever since this tale of what happened within the strait of Gibraltar was told, these two halves of the mountain have been known as the Pillars of Hercules.
Although in today’s world we do not know of people with such superhuman strength as the described Greek gods. The tale of Hercules and how he managed to smash through a mountain creating to separate huge rocks, lives on. This is why when we see the strongmen performing these super extreme holds, this is the closest thing to superhuman strength as we know it. This is why holding up two huge concrete pillars is known as the Hercules hold. Although the strongmen of today hold these pillars from falling down, this is how we would imagine the incredible Hercules would have held these rock formations from falling down if they had been a danger.
About The Hercules Hold
The Hercules hold requires the strongman to hold up two giant pillars of 160kg each for as long as possible, this is a true test of power, grip strength and determination. It is often the athlete that can best overcome the mental torment of being pulled apart by two massive weights that prevails, over the man with the superior grip or strength but cannot handle the mental torment that is applied.
The two pillars (or weights in less extravagant setups) are attached to chains which have handles for the strongman to grip hold of. The strongman stands in the middle, in this case between the two pillars and takes hold of a handle in each hand before the pillars are released. Once the pillars are released they start vigorously pulling the strongman in opposite directions. The man who can hold onto the pillars for the longest time is declared the winner.
Training for the Hercules Hold: The Hercules Hold is very difficult to practice as it is not often that you find two falling pillars with chains and handles on for you to hold. Even creating a makeshift way to practice this can be very dangerous depending on what you are using to hold onto. Although there are not many things that can replicate this hold, the closest thing to being able to hold a good amount of weight in each arm in this way is within a gym. While using a gym, if you take the cable crossover machine (one with adjustable height), you can replicate this hold by putting the weight nice and high on both cables, at a height slightly below your shoulders. Find a few people within the gym or even your friends if they are available, who can help and pass you a handle in each hand to hold. Once you have hold of both handles and the heavy weight is trying to pull you apart. Stay central and try to hold this weight for as long as possible. Although in the Hercules hold, you see the strongman hold on until he cannot anymore, this is only recommended if the people who are assisting you can grab the cables for when you let go. If this is not possible try to train yourself and improve your grip strength, but do not suddenly drop the handles if you have heavy weight on. One reason for this is because if you are new to this strongman exercise, you may cause yourself injury and secondly, if you suddenly let go and weights start smashing together in the gym, you may lose your membership!
Current World Records
The official record for the Hercules Hold was set at the Giants Live Wembley in 2019 and is in the name of Mark Felix with a stunning time of 83.62 seconds. Since then Mark Felix has gone on to set a new world record in the Hercules Hold event at Giants live Manchester in 2019 with a time of 87.52 seconds. This is currently the highest time achieved within this event and is currently the world record.
The top management , main director had been accumulating
with huge number of shares recently
Tan Aik Pen , recent bought more than
" many , MANY , MANY
TSH shares , "
Pls note : after Kelvin Tan Aik Pen on his massive strong buys ,
EPF from seller ( 3 , 8 June 2021 ) turns buyer on 23 July 2021.
REASON NUMBER 1 / ONE
REASON : NUMBER TWO actually please refer NUMBER 1
REASON NUMBER THREE actually please refer NUMBER 1
REAL MOTIVES OF INSIDER IS BUYING
A potential indicator of a stock’s future performance is the level of stock that insiders are buying. In this context, an insider is an employee of the company, usually, a high-level executive (e.g. CEO, CFO, COO) or it can be a hedge fund that is providing capital. Their access to non-public information puts more weight on their buying and selling decisions. With that in mind, it’s important to note that insiders may sell shares of stock for many reasons. However, they only buy for one reason.
That is, they believe that information is going to be released that will boost the stock price in the near future.
Or , the next step is to take the company into serious consideration for private exercise.
Let us endeavour to find the
REAL MOTIVES & OBJECTIVES OF THE TOP MANAGEMENT -
AT CHAIRMAN LEVEL -
KELVIN TAN AIK PEN ----
MASSIVE CONTINUOUS BUYING ORDERS
(FROM 1 MARCH 2021 TO 1 SEPTEMBER 2021 )
NOT MORE THAN 132 TRADING DAYS ON TSH SHARES .
sub total : number of TSH shares bought from
1 March 2021 to
1 September 2021 =
21,850 ,000 shares
( 21,850 lots X average prices RM 1.08 = RM
almost RM 23.6 millions onwards
THERE ARE NO INSIDERS FROM OTHER COMPANIES BUYING SO MASSIVE SHARES IN THEIR COMPANIES IN KLSE.
Please note at this current time the KLSE market conditions are not favourable
in view of political uncertainties and
also the economic conditions , coupled with the cases of Covid -19
are on the increase thus creating poor sentiments in KLSE.
Riding on the strong CPO price performance and a steep FFB production growth from Indonesia, TSH saw its 1HFY21 earnings doubling to RM78.4m. The results beat ours and the street expectations, making up 73% and 71% of full-year estimates, respectively. No dividend was declared for the quarter. In view of the stronger-than-expected results, we revise up our FY21-23 earnings forecasts by 15%-38% after raising our profit margin and FFB production growth to 19% (previously 7%). Consequently, our TP also increases from RM1.46 to
RM1.75based on 24x FY22 EPS.
Maintain Outperform call.
2QFY21 revenue (QoQ: +55%, YoY: +46%). The impressive topline of RM307m was mainly boosted by stronger plantation sales despite weaker contributions from non-core businesses. Plantation revenue jumped 84% YoY to RM335m, driven by stronger both CPO prices and higher production. Average CPO prices advanced from RM2,099/mt to RM3,441/mt, a massive growth of 64% YoY. FFB production rose 16.5% YoY to 255,151mt, led by stronger production in Indonesia (+21.1%) despite weaker production seen in Sabah (-15.3%). Non-core sales tumbled 38.1% YoY to RM17.7m, mainly dragged by weaker cocoa sales.
Core earnings surged to RM45m. it would have been a record breaking quarter if not because of the additional Indonesian export levy and duty on CPO amounting to RM72.2m. the Group recorded core earnings of RM45m, bolstered by stronger plantation earnings as CPO and palm kernel prices rallied. Plantation EBIT margin jumped from 10.6% to 28.2%. On the other hand, earnings contribution from other businesses registered a loss of RM1.6m, as cocoa business was negatively affected by the Covid-19 pandemic due to lower consumption of cocoa butter globally. Meanwhile, earnings contribution from its 21.9%-owned Innoprise Plantations doubled to RM4.5m.
Outlook guidance. In contrast to the earlier estimates of 7-11%, it is understood that the Group is now targeting higher FFB production growth of 18-20%. The steep FFB production growth achieved in Indonesia was surprising with the management attributing it to the i) young age profile, ii) consistent manuring programme and iii) high productivity backed by sufficient workforce. Meanwhile, we understand that the Group has a 2- month forward selling practice for its CPO production. Only a small replanting area was achieved during the quarter. Based on our sensitivity analysis, every RM100/mt change in CPO price would translate to 7-10% increase in the Group’s bottomline.
Question number 1 :
Why IJM is hiving off its plantation arm ---
IJM Plantation /2216
Answer : The proposed disposal will result in a gain on disposal of RM 700 millions by
CEO / MD --- Liew Hau Seng
Such deals on corporate takeover exercises have already surfaced as far back in 2018,
led by the big boys of the plantations such as
Sime Darby Plantations Bhd.,
FGV Holdings Bhd.,
KL Kepong Bhd.,
IOI Corporation .,
Hap Seng Plantations Holding Bhd.,
KL Kepong Bhd.,
And more corporate deals to surface
in the near future.
In fact , TSH also had good deals done in 2020
TSH Resources sells two Indonesian plantation units to KLK to pay debts
KUALA LUMPUR (Aug 26): TSH Resources Bhd is disposing of its 90% stakes in two Indonesian subsidiaries to Kuala Lumpur Kepong Bhd (KLK), realising cash proceeds of RM517.62 million.
TSH said in a statement the money will be used mainly to repay its bank borrowings which amount to RM513.12 million.
Post-disposal, the group’s net gearing will be reduced to 0.48 times from 0.83 times as at Dec 31, 2019.
"The improved gearing will also provide greater capacity to raise additional funding to accelerate the development of its remaining unplanted plantation lands. Upon maturity, the remaining plantation lands will contribute positively towards the TSH Resources group’s financial performance,” it added.
Meanwhile, TSH will also recognise an RM39 million profit on the disposal.
The disposal involved 10,816 hectares of planted oil palm area in East Kalimantan with a combined 231,255 tonnes of fresh fruit bunches production in 2019.
TSH Resources’ wholly-owned subsidiaries TSH Global Plantation Pte Ltd and TSH Oversea Pte Ltd today entered into conditional sale and purchase agreements with Taiko Plantations Pte Ltd, an indirect wholly-owned subsidiary of KLK, for the disposal of their 90% stakes in PT Farinda Bersaudara and PT Teguh Swakarsa Sejahtera.
In a separate filing, KLK said Taiko Plantations will be buying the 90% stakes in the two palm oil companies for a collective US$110.1 million, which will be funded by a combination of the group’s existing cash reserves and bank borrowings.
Taiko Plantations will pay US$76.7 million for the stake in PT Farinda Bersaudara and US$33.4 million for the stake in PT Teguh Swakarsa Sejahtera.
The planted/plantable area of PT Farinda Bersaudara Land and PT Teguh Swakarsa Sejahtera Land totals 17,610 ha, which together with the planted area of KLK’s existing PT Putra Bongan Jaya estates at 10,000 ha, would make up a sizeable 27,600 ha, all located at the same place in Kutai Barat, and will allow for greater economies of scale and operational synergies, said KLK.
TSH Resources’ share price ended one sen or 1.01% lower at 98.5 sen today, valuing the group at RM1.36 billion.
KLK closed 16 sen or 0.7% lower at RM22.64, bringing it a market capitalisation of RM24.42 billion.
Year to date, TSH Resources has fallen 36% from RM1.54, while KLK has dropped 9% from RM24.80.
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION, WRITTEN AS ARTICLE FOR SHARING PURPOSES TO KLSE COMMUNITY MEMBERS.
DISCLAIMER: Investment involves risks, including possible loss of investment and other losses.
This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in some of these instruments. The author shall not be responsible for any losses or profits resulting from investment decisions based on the use of the information contained herein. If investments and other professional advice is required, the services of a licensed professional person should be sought.
was the clear winner for the quarter under review, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of CPO. — Bloomberg
THE recently concluded results season showed some sectors reporting profits exceeding or at least meeting with market expectations but on the whole, cautiousness continues to dominate going into the rest of the year, and even beyond.
The plantation sector was the clear winner for the quarter under review, according to Kenanga Research, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of crude palm oil (CPO).
“Plantations stood out as all 11 stocksoutperformed
“Against our estimates, the plantations sector had an overwhelming 73% of stocks surpassing expectations,” Kenanga says, adding that the other two sectors that surprised positively were utilities and healthcare while sectors leading the misses were construction, gaming and consumer.
The banking sector – always one to be watched – also did relatively well with no major negative surprises.
Some banks even declared dividends higher than what the market was anticipating.
Thomas Yong, CEO at Fortress Capital Asset Management, (pic below) opines that on the whole, second-quarter corporate earnings for Malaysia came in largely within expectations.
Fortres Capital Thomas Yongs
“This is viewed positively considering the movement restrictions imposed as a result of the Covid-19 situation, as well as the political uncertainty.
“Overall, exporters benefited from external demand recovery but domestic-centric companies were affected by lower domestic consumption demand,“ Yong tells StarBizWeek.
He points out that risks associated with the banking sector were a concern for investors during the earlier part of the pandemic but so far, credit risks are perceived to have been well managed.
“Having said that, hiccups in delivering better earnings in the coming quarter due to the protracted movement restrictions are expected.
“In our view, the banking sector is a good proxy to any recovery of the broader economy going forward and the overall risk-reward profile is favourable, given the undemanding valuations of the sector,“ Yong adds.
For the coming year, he believes the technology sector would continue to do well due to favourable external semiconductor demand, particularly in the segments of 5G, electric vehicle and renewable energy.
That said, there could be some short-term disruptions due to chip shortages and logistic issues.
Meanwhile, in view of a higher rate of vaccination among regional countries going forward, he believes that a recovery of tourism-related sectors is possible, as countries are likely to adopt the “endemic approach” and open up their borders.
“In summary, the sectors which performed poorly in the recently-concluded results season might perform well due to pent-up demand when the Covid-19 outbreak is brought under control,“ says Yong.
For the second quarter, sectors that delivered poorer results were those hit hard by the movement restrictions including tourism, automobile, construction, retail and gaming.
“Technology and commodity sectors reported good earnings due to strong external demand and higher commodity prices,“ Yong adds.
Rakuten Trade Sdn Bhd head of equity sales Vincent Lau (pic below) notes that the recently concluded quarter saw better results compared to the quarter before.
Rakuten Vincent Lau cq
“Banks, plantation, technology and semiconductor all performed better than expected while gaming, construction, automotive, retail and hospitality were impacted by the lockdowns,“ he says.
Lau believes that as the local economy gradually opens up, banks will continue to do better, being direct proxies of the economy.
“The worst is over for banks,“ he says.
To be sure, in their respective statements released last week, two of the country’s largest banks – Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd – indicated that they were not overly optimistic in their outlooks.
Maybank group president and CEO Datuk Abdul Farid Alias in the lender’s statement said that given the expectations of a more challenging second half, the group would continue its strategy of focusing on robust risk management, strengthening its capital and growing its current account savings account (CASA) deposit base to provide sufficient buffers for unexpected events.
The lender, the larger of the top two, said given the prevailing challenging situation, it would continue with its preemptive provisions and management overlay largely due to the weakening macroeconomic outlook and the continued repayment assistance accorded to borrowers impacted by the pandemic.
CIMB Group was equally conservative in its outlook with group CEO Datuk Abdul Rahman Ahmad stating that the bank remained cautious “due to potential downside risks in the second half.“
“This is primarily due to the Covid-19 Delta variant, which has added to the uncertainty surrounding the opening of regional economies and economic recovery.”
The lender has consequently lowered its loan growth guidance to 2%-3% and expect provision levels to remain elevated, coupled with higher modification loss as it continues to provide repayment assistance to affected borrowers, it said.
Meanwhile, Rakuten’s Lau
also picks the technology sector as a top choice moving into the next quarters.
“And so is plantation-
oil palm stocks are my choice.
With CPO price remaining elevated, we will continue to see good results ahead,“ Lau adds.
He remains “cautiously optimistic” on the whole, cautioning that US markets, which are correlated to regional markets, are trading at all-time high levels.