THE INVESTMENT APPROACH OF CALVIN TAN
JAYA TIASA (4383) OR GIANT TREASURE - LATEST TAKEAWAYS FROM ANNUAL REPORT, Calvin Tan Research
calvintaneng
Publish date: Thu, 29 Oct 2020, 11:54 PM
calvintaneng
0 1,801
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Hi guys,
These are some highlights from Jaya Tiasa latest Annual Report 2020 just released
1. JAYA TIASA HAS 83,000 ACRES OF PLANTATION LANDS OR 205,000 ACRES
This makes it one of the biggest players in Palm oil plantations among small cap
2. In the Annual report there was a one-off impairment mark down of ppe (property/plant/equipment) amounting to Rm99.1 Millions
If not the balance sheet should be positive as Its palm oil business is positive
3. Although Jaya Tiasa got impairment losses through ppe mark down IT DID NOT REVALUE ITS EXISTING LANDBANK VALUE
4.. With palm oil prices trading between Rm2800 to Rm3200 a tonne now Jaya Tiasa should see better times ahead
5. Jaya Tiasa has no forced labour or child labour
6. All the Plantations & Mills of Jtiasa are 100% MSOP certified for sustainable practice
THIS ADDS LOTS OF VALUE AS END PRODUCT WILL SELL AT PREMIUM PRICES!!
7. The average age of Jaya Tiasa Oil Palms average 11 years old
THIS IS THE PEAK & BEST PRODUCTION AGE - 11 YEARS OLD PALM OIL TREES NOW AT ITS PEAK PRODUCTION TIME
8. ALL THE PLANTATION LANDS OF JAYA TIASA ARE LOCATED IN SARAWAK
This will synergize its operation with better economy of scale
9. THE LANDS OF JAYA TIASA ARE THE LOWEST PRICED IN MALAYSIA
Example is in Pulau Bruit (see Annual report)
Pulau Bruit
Lot 92, 93 & 96 Leasehold Land
Block 6, Bruit Land District expiring on 18.05.2064
Oil Palm Estate..........Land area 50,001,473 sq meter Cost Rm8,926,000 Book value as at 09/Dec/2004
Jtiasa has 50,001,473 sq meter of palm oil lands in Pulau Bruit valued at Rm8,926,000
Let's calculate its cost per sq ft
First multiply 50,001,473 sq meter by 10.764 to convert to sq ft
= 538,215,855.3 sq ft
Ok to get psf divides Rm8,926,000 by 538,215,855.3
= 0.016 sen
Or 1.6 sen per sq ft
HOW IN THE WORLD YOU CAN GET LANDS PLANTED WITH PALM OIL FOR 1.6 SEN???
CAN YOU BUY ANYTHING WITH A 5 SEN COIN TODAY?? 50 SEN ALSO COULD HARDLY GET YOU ANYTHING
HOW MUCH MORE TO GET 1 SQ FOOT LAND WITH PALM OIL TREES FOR LESS THAN 2 SEN PSF?
((these are not jungle lands but cleared, cultivated with maturing 11 years old oil palm trees))
10. NO WONDER SOME OF THE WISEST INVESTORS ARE IN TOP 30 HOLDERS OF JAYA TIASA
Please go see Jtiasa Annual Report Top 30 Major Holders under page 151
8 UOB Kay Hian Nominees (Asing) Sdn Bhd 35,272,750 3.64
Exempt An For UOB Kay Hian (Hong Kong) Limited (A/C Clients)
12 CIMB Group Nominees (Asing) Sdn. Bhd. 16,790,250 1.73
Exempt An For DBS Bank Ltd (SFS-PB)
16 Citigroup Nominees (Asing) Sdn Bhd 7,233,366 0.75
UBS AG
17 Citigroup Nominees (Tempatan) Sdn Bhd 5,878,200 0.61
Employees Provident Fund Board (PHEIM)
18 Citigroup Nominees (Asing) Sdn Bhd 4,413,433 0.46
CBNY For Dimensional Emerging Markets Value Fund
20 CIMB Group Nominees (Tempatan) Sdn Bhd 3,307,500 0.34
Exempt An For DBS Bank Ltd (SFS-PB)
22 Citigroup Nominees (Asing) Sdn Bhd 3,250,738 0.34
CBNY For Emerging Market Core Equity Portfolio
DFA Investment Dimensions Group Inc
27 Neoh Choo Ee & Company Sdn. Berhad 2,373,000 0.25
NOTABLE ONES
1. SINGAPORE BIGGEST BANK DBS HAS TWICE POSITION IN TOP 12 & 20
What Singapore Largest DBS Bank sees in Jtiasa? Why not all other Bigger Palm Oil Companies?
2. Employees Provident Fund Board (PHEIM)
PHEIM FUND BOSS DR TAN CHONG KOAY HELPED EPF (OUTSOURCE) TO BUY JTIASA AMONG MORE THAN 30 PLANTATION STOCKS. WONDER WHY?
3. MOST SURPRISING NEWS OF ALL
DR NEOH SOON KEAN SUDDENLY APPEARED IN JTIASA YEAR 2020 ANNUAL REPORT TOP 30 MAJOR HOLDERS???
DR. NEOH IS USING HIS OWN COMPANY
27 Neoh Choo Ee & Company Sdn. Berhad...................... to buy 2.373 Million Jaya Tiasa shares
THIS IS FROM HIS OWN POCKET AND NOT FROM DYNAQUEST WHICH FUND HE IS MANAGING
COLD EYE OR FONG SILING WAS ONCE IN TOP 30 (NOW NOT SURE)
BEST REGARDS
Calvin Tan Research
Singapore
Disclaimer
All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
CALVIN TAN SAY, THANK YOU 9 MILLION TIMES FOR 9 MILLION PAGE VIEWS IN i3 INVESTORS' FORUM!
Created by calvintaneng | May 10, 2024
TSH RESOURCES (9059) The Events Yet Ahead. And They are Extremely Exciting, Calvin Tan
Created by calvintaneng | May 04, 2024
MKHOP (5139) What Is Its Current Forward P/E and Intrinsic Value, Calvin Tan
Created by calvintaneng | May 02, 2024
EPF & i FAST Funds (Singapore) Are Now in Top 30 Holders of TSH Resources, Calvin Tan
Created by calvintaneng | Apr 29, 2024
AFTER BPLANT TAKEN PRIVATE BY LTAT WE FINALLY SEE ITS REAL VALUE, Calvin Tan
Created by calvintaneng | Apr 27, 2024
Discussions
2 people like this. Showing 34 of 34 comments
Palm oil land not prime land ok? Simply throw one stone at any property counter you can easily get undervalued land worth 100 times more than jaya.
2020-10-30 02:27
No Foker
Calvin did not mention the word "prime land" if you will read more carefully without passing careless remark.
Check and double check carefully
I only mention that the planted trees are now having the average age of 11 years
11 years for palm oil is peak production time when it produces the maximum amount of fresh fruit
Just like man his most productive age is from 25 to 55 when he is at his prime, not when he is 12 years old
2020-10-30 06:15
Excellent result from Chinteck plantation
It has doubled its profits!!
Chinteck superb perfomance signals the start of multi year profit growth for all plantation stocks
2020-10-30 22:07
Chinteck plantation exceptional result reports from June, July and August 2020 and yet profits up by more than 100% from 7 sen to 15 sen
At 15 sen annualized profit should be 60 sen
If we give Chinteck a P/E 30 then price will be Rm18.00
If P/E 20 then Rm12.00
If P/E 15 then Rm9.00
Chinteck looks like a good bargain now
2020-10-31 00:49
Chinteck result only reported till August when cpo prices still around Rm2.600 to Rm2700 region
In September Cpo rose again to Rm2800 and Rm2900
So Jtiasa result will even excel that of Chinteck as Cpo prices surged more just like how glove prices surged
And in October Cpo reached Rm3000 to Rm3150 region so Feb 2021 will be more spectacular
Will Jtiasa result skyrocket in earnings like Supermax ???
Yet to be seen
But exciting times are soon returning to palm oil stocks
All the signs are appearing to confirm the bull trend in formation
2020-10-31 00:56
FY20 ended June audited annual report :
Revenue :
CPO / Kernel/ Fruit 508,651,000 : 72.47 %
Timber / Plywood 192,887,000 : 27.01 %
Others 345,000 : 0.52 %
Total 701,883,009
Loss = ( RM 73.5 million )
FY19 : Loss = ( RM 275.7 million )
FY18 : Loss = ( RM 26.8 million )
2020-10-31 10:45
Referred to FY20 audited annual report:
a) Financial assets
Trade and other receivables 36,362,000
Cash and bank balances 13,276,000
total = 49,638,000
b) Financial liabilities
Loans and borrowings 802,160,000
571,318,000+ 230,842,000
Trade and other payables 188,213,000
Lease liabilities -
total = 990,373,000
a) - b ) = ( 940,735,000 )
1.) Financial Assets - Financial Liabilities =( RM 940.735 million ).
2.) A hidden risk on Payables - Receivables = 188,213,000 - 36,362,000 = RM 151.851 million .
FY21 Q1 ended September'20 will be incur High Loss ke !!!!
2020-10-31 10:49
Jackfruit
I am not the only one who picked Jtiasa
I now in Spore
Spore Biggest Bank is DBS
And DBS top fund managers are in
Top 12
Top 20
Of Jtiasa
Also Pheim Boss Dr Tan Chong Koay is living in Spore
Epf outsourced it's money to Pheim
And out of 30 palm oil stocks he picked Jtiasa
Multimillionaire Dr Neoh Soon Kean also own 2.37 million Jtiasa shares
So jackfruit
You should check and study more carefully before just simply giving your opinion
2020-10-31 18:55
# Boustead Plantations
75,000 hectare x 2.471 = 185,325 acres
FY14 to FY19 average revenue =3961.7/6 = 660.28 million
> 1 acre generate RM 3,562.82
# MHC :
Plantations = 33,000 acres
FY14 to FY19 average revenue =2001.4/6 = 333.57 million
> 1 acre generate RM 10,108.18
2020-10-31 21:09
Strong soybean oil will propel cpo price leading to strong bullrun in palm oil shares like jtiasa and Fgv
2020-11-13 07:03
Post a Comment
Featured Posts
Don't Miss Out: Up to USD1,000 in Our Lucky Draw!
Apps
Top Articles
1
Koon Yew Yin's Blog
2
save malaysia!
3
5
Future Tech
6
7
RHB Investment Research Reports
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
Post removed.Why?
2020-10-29 23:57