THE INVESTMENT APPROACH OF CALVIN TAN
Reposted Article: JAYA TIASA (4383) OR GIANT TREASURE - LATEST TAKEAWAYS FROM ANNUAL REPORT, Calvin Tan Research Author: calvintaneng | Publish
calvintaneng
Publish date: Mon, 27 Sep 2021, 10:40 PM
calvintaneng
0 1,841
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 HECTARES OF PLANTATION LANDS OR 205,000 ACRES
Note: 1 Hectare = 2.471 Acres of Oil Palm lands (205,000 Acres is bigger than Singapore total land mass of 180,000 acres. You can drive from Tuas to Changi in One Hour from West to East. Another 40 minutes drive from Woodland to Sentosa Island South. So Jtiasa = Giant Treasure.
This makes Jtiasa 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.
Additional comments (27th September 2021)
Latest qtr still got Rm45 Millions Impairments from forward sale (-4.64) if not Jtiasa should have a forward P/E of 2.4
Since Management said all Forward Sales have been squared off better times expected
And since thise article was posted Cpo prices have reached record prices from Rm4,000 to Rm4,700 per ton which is exceprional
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Public Watchlist: The Edge Financial Daily Top 10 Stock Picks for 1H 2019
Created by calvintaneng | Jul 15, 2024
MORE SALIENT FACTORS FOR RSAWIT & SARAWAK/SABAH PALM OIL STOCKS, Calvin Tan
Created by calvintaneng | Jul 12, 2024
RSAWIT (5113) Evidences of a Powerful Turnaround Palm Oil Stock you should not miss!, Calvin Tan
Created by calvintaneng | Jul 10, 2024
Discussions
Be the first to like this. Showing 11 of 11 comments
Please post comments in English
Malays and Indians cannot understand
most foreign funds also cannot understand Chinese
Thank you
2021-09-27 23:06
Issue:
-Labour shortage.
-Production Drop.
-Covid spike in sarawak.
-Rainy season soon. Low production mean low revenue. Low revenue mean cashflow low. Even CPO price superb but Jtiasa din't ride on the train.
2021-09-28 00:21
Check on July and August 2021 ffb production we already have the figures
The average sum total is higher than April to June 2021 qtrs
So now we also know Cpo July, Aug and up to Sept 27th 2021 Cpo still above Rm4600 the result of Nov 2021 already very clear
Great results will be out
2021-09-28 00:49
Not only that
From notes of April to June 2021 with also know there was impairment loss of Cpo forward sales by Rm45 millions which won't be repeated again in Nov 2021 results
Therefore we can roughly estimate the profit to be within 6 to 7 sen
2021-09-28 00:53
If Taann, SWKPlant, Sop, Bld plant all could report great results in Sarawak operations Jtiasa should also do the same since impairment is no more
2021-09-28 00:55
Learn to see above and beyond temporal setback of great things yet ahead
Labourers issue will be resolved as 32,000 plantation workers are planned to come back
Alternately Jtiasa could move more into mechanisation
2021-09-28 00:57
Jaya Tiasa so call valuable lands have been in topic for years. Seem now the market gonna to recycle such news again and again.
2021-09-28 16:01
Subur and Jtiasa got similar boss
subur more asset play while Jtiasa is growth
2021-09-29 23:19
Post a Comment
Featured Posts
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-23 14:30:00
TURTLE SYSTEM 20
5 Mins
SELL
2024-07-23 12:25:00
TURTLE SYSTEM 20
5 Mins
BUY
2024-07-23 10:20:00
TURTLE SYSTEM 20
10 Mins
SELL
2024-07-23 09:50:00
TURTLE SYSTEM 20
5 Mins
SELL
2024-07-23 09:50:00
TURTLE SYSTEM 55
5 Mins
SELL
Apps
Top Articles
1
BFM Podcast
2
https://dividendguy67.blogspot.com
3
4
5
6
Koon Yew Yin's Blog
7
save malaysia!
8
save malaysia!
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
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....
ooi8888
Post removed.Why?
2021-09-27 22:53