Dear Serious Investors
To-night we shall take a deeper look at ThPlant - another misunderstood & mispriced stock of Great Value
A cursory look at ThPlant will show that it has Very High borrowings
Also the negative news that Thplant being sued by Party asking for proceeding of Land sales blocked by EPU (Economic planning unit)
Also the dwindling lack of FFB harvest past few months
All the above were highlighted by naysayers to the fear of naive readers who do not do due diligence
Ok now let Calvin share his happy findings
1) WHY IS THPLANT BEING SUED FOR NOT SELLING ITS PLANTATIONS
See
TH PLANTATIONS BERHAD |
Type | Announcement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subject | MATERIAL LITIGATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description |
In the High Court of Malaya at Kuala Lumpur in the Federal Territory of Malaysia (Special Powers Division) Application for Judicial Review No. WA-25-71-03/2021 Tamaco Plantation Sdn. Bhd. (Company No. 45922-D) ("Applicant" or "Tamaco") and 1. Ketua Pengarah Unit Perancang Ekonomi Di Jabatan Perdana Menteri 2. TH Plantations Berhad (Company No. 12696-M) ("THP" or "the Company") (both referred as "Respondents") |
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THP wishes to announce that the Company on 31 March 2021 has been served with a copy of a draft Order from the High Court of Kuala Lumpur granting as follows: Leave to commence Judicial Review proceedings to quash the decision of the Ketua Pengarah Unit Perancang Ekonomi di Jabatan Perdana Menteri (“EPU”) in withdrawing their letter of approval dated 24 November 2020 on 4 December 2020 in relation to the proposed disposal of THP’s entire equity interest in Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and
ii. An ad interim stay order in relation to the decision of the EPU in withdrawing their said letter of approval until 12 April 2021, being the date of the hearing of the inter partes application for a further stay of the said decision of the EPU until final disposal of the Judicial Review proceedings.
THP and the EPU have been named as Respondents in the Judicial Review proceedings. The Company will make the necessary announcement as and when there are further developments in relation thereto.
This announcement is dated 1 April 2021.
Ok look again Leave to commence Judicial Review proceedings to quash the decision of the Ketua Pengarah Unit Perancang Ekonomi di Jabatan Perdana Menteri (“EPU”) in withdrawing their letter of approval dated 24 November 2020 on 4 December 2020 in relation to the proposed disposal of THP’s entire equity interest in Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and It boils down to these 1) ThPlant has approved to sell its assets in Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and 2) But Sale was objected by Economic Planning Unit So Tamaco the aggrieved party want this to quash the decision of the Ketua Pengarah Unit Perancang Ekonomi di Jabatan Perdana Menteri (“EPU”) in withdrawing their letter of approval dated 24 November 2020 on 4 December 2020 in relation to the proposed disposal of THP SO FROM HERE WE SEE CLEARLY THAT TAMACO WANTED VERY MUCH TO BUY THOSE LANDS AS PROMISED FOR SALE BY THPLANT BUT WAS THWARTED BY EPU (GOVT) As a result They are going to Court to pursue for the deal Now Why is the deal SO IMPORTANT?
See our Discovery
ThPlant has approved to sell its assets in Bumi Suria Ventures Sdn. Bhd. and Maju Warisanmas Sdn. Bhd. to Tamaco pursuant to the Share Purchase Agreement dated 5 December 2019; and
S & P was done on 5 December 2019 Let's see from Bursa Announcement for December 2019 And here is the announcement TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TH PLANTATIONS BERHAD ("THP" OR "THE COMPANY")- PROPOSED DISPOSALS OF 100% EQUITY INTERESTS IN BUMI SURIA VENTURES SDN BHD AND MAJU WARISANMAS SDN BHD
The co-founder of Microsoft and his wife rank as America’s largest private farmland owners.Call it a hunch, but the story did not jibe. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Something was missing. Either that or I had a screw loose. According to the Tri-City Herald, a 14,500-acre swath of choice Eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. That’s a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Pretty pricey dirt, right? That’s exactly what I thought. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. Then again, farmers and investors in the Mid-Columbia River market expect to pay $10,000 to $15,000 for good ground. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. The soil profile and underlying silty loess are in a league of their own. I had gained this smidgen of geologic proficiency while researching our 2018 Farmland Deal of the Year BILL GATES BELIEVE AGRICULTURE IS A GOOD INVESTMENT Now is THPLANT one of Malaysia Large Land Owners a Good Investment? Now wait a minute People say THPLANT GOT HIGH DEBT BUT THPLANT GOT VERY GOOD PLANTATION ASSETS ALL OVER KELANTAN, TRENGGANU, PAHANG, NEGERI SEMBILAN, SABAH, SRAWAK & KALIMANTAN BOOK VALUE ONLY RM5K TO RM10K AN ACRE IF SOLD AT MARKET VALUE THPLANT NET NET ASSETS MINUS LIABILITIES STILL IN HUGE SURPLUS AND THPLANT INTENDS TO SELL OFF 4 MORE ASSETS IN SARAWAK NEAR KUCHING WHERE PAN BORNEO HIGHWAY ALREADY COMPLETED IN THAT STRETCH Now let's see THPLANT earnings
YEAR END LESS FRUIT YET THPLANT REPORTS A PROFIT
JULY, AUGUST AND SEPT 2020 QUARTERS WHEN CPO AROUND RM2600 A TON (NOW RM4200) THIS JULY WITH THE SAME AMOUNT OF FUITH (PRICE UP MORE THAN 60% WILL SHOW MUCH HIGHER PROFITS
ABOVE IS APRIL MAY JUNE QTRS WHEN CPO WAS RM2300 A TON AT SUCH HIGH PRICES OVER RM4200 A TON PROFIT WILL AMPLIFY NOW THEY HAVE ADDED MORE FERTILIZER AND EXPPECTING A BIGGER YIELD
From the Above we SEE 1) THPLANT LANDS ARE AT VERY LOW COST VALUE. ANY DISPOSAL WILL GARNER GOOD PROFITS 2) ALL THE PRECEDING QUARTERS ARE PROFITABLE WHEN CPO PRICES WERE FROM RM2300 A TON TO RM3300 A TON WITH THE SALE OF LANDS PROGRESSIVELY THPLANT WILL UNLOCK VALUE LIKE NAIM AND SEE HIGH PROFITS ALSO IN COMING MONTHS THERE WILL BE MORE FRUIT HARVEST COUPLED WITH VERY HIGH PRICES EVERYTHING IS GETTING BETTER AND BETTER FOR THPLANT WHILE THE MARKET IGNORE ITS POTENTIAL SO CALVIN HAS TURNED BULLISH ON THPLANT AS WELL AS ALL OTHER PALM OIL SHARES AS WELL
KINDEST REGARDS Calvin Tan Research
Please buy or sell after doing your own due diligence. In doubt please consult your Remisier or Fund Manager
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I also like Ta ann and Sarawak plant plus the Kwantas taken private
These ones will give 30% to 50% upside
But as Warren Buffet said if I am out looking for a 7 footer man a 5.5 feet man won't do
Since I picked Supermax in glove superbull which rose from Rm1.73 to Rm24.44 and made me more than 1,000% chun chun
I also hope to pick winners of 300% to 500% in the coming palm oil superbull time
And I must pick the bombed out ones like Thplant, Wtk, Jtiasa, Bplant, Tdm and others that are hated and overlooked that will spring the best surprise of surprises
in very bad times must pick good palm oil stocks
in very good times ?
You must pick the badly bombed out ones that will give the highest upside rebound
This is contrary to normal investing as we are in abnormal and phenomenal growth zone
2021-04-21 08:57
A summary of Thplant salient factors
1. Thplant plantation Assets are located in growth region of Kelantan, Trengganu, Pahang negeri Sembilan (along Ecrl route which will increase it's landbanks' value
It has also got palm oil lands in SARAWAK (kuching 4 estates & bintulu) and SABAH of which Pan Borneo highway will unlock it's Value
2. The Book value of Thplant palm oil lands ranged from only Rm5k to Rm10k per acre.
Any one if sold will bring in 35% to more than 100% profit
2021-04-21 09:13
3. Thplant being sued by Tamaco because Epu objected to its Assets sale in bintulu
Cost was Rm124 mil and if Sold at Rm170 mil Thplant still stand to gain Rm45 mil
As sale was aborted it is in Thplant favour as Lands sold by Thplant was only priced around Rm10.6K
Naim just sold it's lands in Bintulu for Rm330k
That means that Thplant is selling at a super duper discount at only 3% of what Naim is getting
No wonder that Epu objected to the sale as it was just too cheap
So Thplant will have to raise the selling price
2021-04-21 09:18
All 3 past results for Naim is positive when Cpo prices ranged from Rm2300 to Rm3300 a ton
And now that Cpo has reached Rm4200 per ton Thplant is bound to see profits amplify up
2021-04-21 09:20
The lean months of FfB now over we look forward to abundant harvest from April to October which are the best is yet to come
2021-04-21 09:21
After Thplant has pared down it's loans it will resume giving good dividends just like Mhc plant which is giving a 5% dividend yield
2021-04-21 09:22
Farm lands in India , Australia , Brazil and Usa have all gone up in prices with the rise of soybean and maize
Even Bill Gates invest in farmland and he is currently the biggest Farmland owner in Usa
2021-04-21 09:24
With Fed relentless money printing it's leads to paper currency degradation and the surge of both hard and soft commodities
hard commodity stocks have gone up first
it is only a matter of time soft commodities stocks will follow
2021-04-21 09:26
kinuxian
SOP, Inno and Swk plant will do well in the cpo upsurge
of the 3 I think SOP should see the best upside from here
SOP should reach Rm8.00 to Rm10.00 range at its peak or even higher
2021-04-21 12:38
Edgedaily is wrong to focus on palm oil prices going down when production increase
It is not just cpo price per se
It also depends on all related vege oils like sunflowers seed oil, ground nut oil, coconut oil, canola oil, corn oil and soyoil
If all these are up then Cpo prices must follow in tandem because they are all linked
2021-04-21 15:05
The experts are not always right
A black swan even like More super typhoon and drought wiping out crops can propel prices up for several years
2021-04-21 15:06
only if you like jayatiasa or fgv type of management ,like calvin,go for it
2021-04-22 09:05
Management yes
But listen to this
A badly cut diamond is better than a well cut cherry stone
Fgv and jtiasa might not be the best managed company but they are now in a rising palm oil bull
So a rising market will help
P
2021-04-22 09:57
Big thanks to Calvin bro
for refer me of your informative article for 'Thplant'.
2021-09-10 20:24
calvintaneng
haha I found out that you can only view the entire content from a computer and not your iphone
2021-04-20 22:49