WHY TSH RESOURCES SHOULD GO UP TO RM2.00 IF IJMPLANT IS WORTH RM3.10, Calvin Tan Research

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THE INVESTMENT APPROACH OF CALVIN TAN

WHY TSH RESOURCES SHOULD GO UP TO RM2.00 IF IJMPLANT IS WORTH RM3.10, Calvin Tan Research

calvintaneng

Publish date: Thu, 22 Jul 2021, 11:27 PM

Dear Friends, Investors & Traders of i3 Forum (Please read to the end as we type now)

Two months ago on May 5 2021 we posted on IJMPLANT when it was Rm1.86 See

IJMPLANT (2216) Rm1.86 Versus HARTALEGA GLOVE (5186) Rm9.98 COMPARE & CONTRAST THEIR PROSPECTS, Calvin Tan Research

Author: calvintaneng | Publish date:

Wed, 5 May 2021, 2:19 PM

And then KLK took over offer at Rm3.10 on

One month later on June 9th KLK offered to take over Ijmplant from Ijm Corp for Rm3.20 (3.10 & 10 sen dividend) for a gain of Rm1.34 or 72% profit

See

IJM CORPORATION BERHAD

Type	Announcement
Subject	OTHERS
Description	RECEIPT OF AN OFFER FROM KUALA LUMPUR KEPONG BERHAD ("KLK") FOR A PROPOSED ACQUISITION BY KLK OF THE ENTIRE EQUITY STAKE HELD BY IJM IN IJM PLANTATION BERHAD (IJMP)
The Board of Directors of IJM ("Board") has on 9 June 2021 received a letter dated the same day ("Offer Letter") from KLK proposing to acquire 494,865,786 ordinary shares in IJMP (“Sale Shares”) representing approximately 56.20% equity stake held by IJM in IJMP ("Offer"). In the Offer, KLK wishes to acquire the Sale Shares for a total consideration of approximately RM1,534,083,936 (based on RM3.10 per Sale Share) to be payable in cash (“Purchase Price”), subject to the terms and conditions of a sale and purchase agreement to be executed (“Proposed Acquisition”). Save for the RM0.10 per share interim dividend declared by IJMP on 27 May 2021 which will be due and payable to IJM on 30 July 2021, any subsequent declaration by IJMP of dividends and/or other distributions (“Distributions”) on or after the date of the Offer Letter, but prior to the completion of the Proposed Acquisition and of which IJM is entitled to retain such Distributions, the Purchase Price will be reduced by the quantum of the Distributions which IJM is entitled to retain.

Why KLK is willing to take over IJMPLANT at Rm3.10?

The answer is KLK knows from past palm oil bull run when Cpo crossed Rm4,000 a ton IJMPLANT share price could go above Rm4.00 a share

See IJMPLANT Price history

YEAR...LOWEST PRICE...HIGHEST PRICE

2004..Rm1.00........Rm1.40
2005...0.91.........Rm1.20
2006..Rm1.02........Rm1.66
2007..Rm1.36........Rm3.25
2008..Rm1.19........Rm4.01
2009..Rm1.81........Rm2.89
2010..Rm2.36........Rm3.14
2011..Rm2.38........Rm3.24
2012..Rm2.63........Rm3.77
2013..Rm2.75........Rm3.62
2014,,Rm3.11........Rm4.03

As you can see both in Years 2008 & 2014 IjMPLANT CROSSED THE RM4.00 MARK

NOW JUST AS IJMPLANT CROSSED RM4.00 IN GOOD YEARS TSH RESOURCES SHARE PRICE ALSO CROSSED RM4.00 JUST LIKE IJMPLANT DID THEN

See

TSH RESOURCES PRICE HISTORY

YEAR....LOWEST PRICE...HIGHEST PRICE

2004.....0.45.................1.01

2005....0.63..................1.05

2006....0.60..................1.05

2007....0.77..................1.65

2008....0.55..................1.94

2009....0.66...................1.00

2010....0.84...................1.46

2011....1.33...................2.04

2012....1.87...................2.87

2013....2.05...................3.13

2014....2.72...................4.00

So in year 2014 when IJMPLANT was Rm4.03 TSH RESOURCES SHARE PRICE ALSO REACHED RM4.00

THAT IS WHY THERE IS A HIGH POSSIBILITY TSH RESOURCES SHOULD REACH RM2.00 IN THIS COMING PALM OIL BULL RUN & CAN ALSO GO UP HIGHER

WHY RM2.00 TARGET PRICE FOR TSH RESOURCES?

FOR 2 REASONS

REASON NUMBER ONE

TSH RESOURCES IS VERY SIMILAR TO IJMPLANT

Both got Palm Oil Plantations in Sabah, Kalimantan & Sumatra

Both got 6 Palm Oil Mills each

Both are well managed companies

Both share prices rise in tandem during good and bad times together

KLK wanted to buy TSH Palm oil lands in Kutai near Balikpapan (the new proposed Capital of Indonesia). After the deal fell through KLK bought IJMPLANT (IjmPlant also got Palm oil Lands north of Balikpapan which KLK has built a Jetty

REASON NUMBER TWO

Unlike IJMPLANT - TSH RESOURCES GAVE OUT BONUS ISSUES DURING GOOD TIMES

See

25-Feb-2021	12-Mar-2021	DIVIDEND	Interim Dividend	RM 0.0150
02-Jul-2020	03-Aug-2020	DIVIDEND	First and Final Dividend	RM 0.0100
06-May-2019	28-May-2019	DIVIDEND	First and Final Dividend	RM 0.01
29-Apr-2019	28-May-2019	DIVIDEND	First and Final Dividend	RM 0.01
24-Apr-2018	23-May-2018	DIVIDEND	First and Final Dividend	RM 0.02
27-Apr-2017	24-May-2017	DIVIDEND	First and Final Dividend	RM 0.02
28-Apr-2016	25-May-2016	DIVIDEND	First and Final Dividend	RM 0.0200
08-May-2015	02-Jun-2015	DIVIDEND	First and Final Dividend	RM 0.0250
13-Oct-2014	27-Oct-2014	BONUS_ISSUE	Bonus Issue	1 : 2
09-May-2014	02-Jun-2014	DIVIDEND	First and Final Dividend	RM 0.035

So if KLK Valued IJMplant at Rm3.20 then TSH if after bonus should be Rm3.20 less 33%(adjusted for bonus) or Rm2.11

SO THERE YOU ARE

WILL TSH RESOURCES RISE UP TO REACH RM2.11?

THAT IS YET TO BEEN SEEN

BEST REGARDS

Calvin Tan Research

Please do your own due diligence before buying or selling. In doubt please consult your own Remisier or Fund Manager

Coming up Next on TSH RESOURCES

Why KLK so interested in KUTAI PALM OIL LANDS OF TSH which they failed to buy?

Where is KUTAI & ITS FUTURE IMPORTANCE TO KLK & TSH RESOURCES??

Why WALTON LANDBANKING COMPANY INVEST IN TSH AND NOW TOP 11 HOLDER OF TSH WITH 38.4 MILLLION TSH SHARES?

11. Maybank Nominees (Asing) Sdn. Bhd.

Walton Private Investment Limited

38,483,958

What Land Value WALTON sees in TSH?

These and more as we uncover TSH or TREASUE SAFELY HIDDEN

Discussions

Be the first to like this. Showing 4 of 4 comments

calvintaneng

Please read the above message on your desk top computer to see clearer

2021-07-23 00:07

calvintaneng

Like ijmplant Tsh Resources also got palm oil estates in

Sabah
Kalimantan
Sumatra

Currently due to MCO fruit harvesters from Indonesia cannot enter Malaysia so many palm oil estates lack workers especially in Sarawak

Since Tsh Resources' palm oil estates are in Sabah there is no such lack

And best for those palm oil estates located in Indonesia as they got abundant cheap indon fruit harvesters there now

2021-07-23 07:45

calvintaneng

BEST NEWS FOR TSH RESOURCES AS ITS MAJOR PRODUCTION IS FROM INDONESIA

See

Edible oil prices jump 8% in a fortnight
By: FE Bureau | July 22, 2021 3:15 AM
This rally is despite the 10% export tax reduction by Indonesia and 5% duty reduction by India, he said. There are several reasons for the increase in edible oil demand across Asia post the second Covid wave.

Prices of edible oils have gone up by almost 8% across the country in the last fortnight despite reduction in duty on imported palm oil. Retail prices of cooking oils have gone up by Rs 10-15 per kg in this period.

According to Sudhakar Desai, president, Indian Vegetable Oil Producers Association, both global and domestic prices have gone up in the last two weeks by nearly 8%. “There is an increased and additional demand for refined palm oil from India after easing of restrictions. There is also an increase in demand of palm oil by Nepal and Bangladesh due to the potential to send refined oil to India at zero duty,” he pointed out.

3 BENEFITS FOR TSH RESOURCES

1. INDONESIA CUT EXPORT TAX BY 10%

2. INDIA CUT IMPORT DUTY BY 5%

3. YET PRICE OF EDIBLE OIL UP BY ANOTHER 8%

THAT MEANS 10% + 5% + 8%

= 23% GAIN FOR TSH RESOURCES SELLING PRICES

See whole story

https://www.financialexpress.com/market/commodities/edible-oil-prices-...

2021-07-24 12:29

calvintaneng

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-11-15-story-h1536433928-ALL_BY_INVESTING_IN_PALM_OIL_Peter_Lim_From_Taxi_Driver_To_Billionaire_.jsp

2021-08-16 09:32

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