THE INVESTMENT APPROACH OF CALVIN TAN

TSH RESOURCES: DISPOSAL OF LANDS GARNERED 26 SEN PROFIT SHOWS DEEP VALUE UNLOCKED, Calvin Tan

calvintaneng
Publish date: Sat, 11 Dec 2021, 09:51 PM
calvintaneng
0 1,788
Hi Guys,

I have An Investment Approach I which I would like to all.

Dear Investors of i3 Forum (Please read to the very end as we type now)

TSH or

Treasure

Safely

Hidden

Has just unlocked another Value By disposing lands in North Kalimantan

See

OTHERS HEADS OF AGREEMENT IN RELATION TO THE PROPOSED DISPOSAL BY PT BULUNGAN CITRA AGRO PERSADA ("BCAP" OR THE "SELLER"), A 90%-OWNED SUBSIDIARY OF TSH OF 7 PIECES OF AGRICULTURAL LAND MEASURING APPROXIMATELY 13,214.90 HECTARE LOCATED IN KALIMANTAN, INDONESIA FOR AN INDICATIVE DISPOSAL CONSIDERATION OF RP2,309,435,924,000 (EQUIVALENT TO RM678,974,162) AND UNCERTIFIED LAND (AS DEFINED BELOW) AT RP174,760,000 (EQUIVALENT TO RM51,379) PER HECTARE TO BE FULLY SATISFIED IN CASH ("PROPOSED DISPOSAL")

TSH RESOURCES BERHAD
 

Let us look at TSH Property listed in Annual Report

 

Desa Tanah Kuning Desa Tanah Kuning.......Oil Palm 13,215 Hectares.................Rm280,779,123
& Desa Mangkupadi,
Kecamatan Tanjung
Palas Timur, Kabupaten
Bulungan, Provinsi
Kalimantan Timur
 
From above we GET the Book Value of 13,215 hectares at Rm280.779 Millions
 
Sale price is Rm678,974,162
 
Profit is Rm678,974,162 (sale)  less cost Rm280,779,123
 
= Rm398,195,039 (About 140% Profit )
 
Since TSH owns only 90%
 
So Rm398,974,162 x .9
 
= Rm358,375,535
 
How many cents per share
 
To get the short cut formula
 
See this
 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2021
30 Sep 2020
30 Sep 2021
30 Sep 2020
$$'000
$$'000
$$'000
$$'000
1 Revenue
309,074
216,960
860,569
684,914
2 Profit/(loss) before tax
65,689
32,392
169,381
81,839
3 Profit/(loss) for the period
53,775
27,038
128,422
56,285
4 Profit/(loss) attributable to ordinary equity holders of the parent
45,078
24,068
105,576
46,140
5 Basic earnings/(loss) per share (Subunit)
3.27
1.74
7.65
3.34
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1394
1.0531
 
 
See TSH earns Rm45,078,000 which is equal to 3.27 cent
 
So  Rm358,375,535 divides by Rm45,078,000 multiply by 3.27
 
= 25.996 cent
 
0r 26 cent (nearest decimal) profit
 
The Total Price Sold Rm678,974,162
 
How much in cash?
 
Divides Rm678,074,162 by Rm45,078,000 x 3.27
 
= 49.25 cent 
 
X .9 = 44.32 cent Cash
 
This piece of in North Kalimantan
 
TSH Still Got Lands of even better and higher value in Kutai
 
Why Kutai?
 
Answer: Kutal is located near Balik Papan where Indonesia is building its New Admin Capital (think of how Putrajaya developed)
 
These lands are real gold mines TSH is still holding onto
 
 
What else?
 
Yes
 
TSH also sold lands in Sabah earlier
 
See
 
TSH RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TSH RESOURCES BERHAD ("TSH" or "the Company")
PROPOSED DISPOSAL OF TWO (2) OIL PALM ESTATES AND ONE (1) PALM OIL MILL IN SABAH FOR A TOTAL CASH CONSIDERATION OF RM248.0 MILLION ("PROPOSED DISPOSAL")

The Board of Directors of TSH  wishes to announce that TSH and its 2  wholly-owned subsidiaries, namely TSH Palm Products Sdn. Bhd. and TSH Plantation Sdn. Bhd. had on 6 July 2021, entered into the following respective sale and purchase agreements with Sharikat Keratong Sdn. Bhd. (“SKSB” or “Purchaser”):

  1. Sale and Purchase Agreement between TSH and SKSB for the proposed disposal of the oil palm plantation land measuring approximately 2,489 acres together with all the oil palms, estate office, living quarters/houses, structure, tractors, estate equipment, and furniture thereat, known as Ladang Gomantong, for a cash consideration of RM76 million;
  2. Sale and Purchase Agreement between TSH Palm Products Sdn. Bhd. and SKSB for the proposed disposal of the oil palm plantation land measuring approximately 4,942 acres together with all the oil palms, estate office, living quarters/houses, structure, tractors, estate equipment, and furniture thereat, known as Ladang Ong Yah Ho, for a cash consideration of RM152 million; and 
  3. Sale and Purchase Agreement between TSH Plantation Sdn. Bhd. and SKSB for the proposed disposal of 1 palm oil mill equipped with plant and machinery, together with furniture, vehicle and heavy machinery known as Lahad Datu Palm Oil Mill for a cash consideration of RM20 million. 

Please refer to the attachment for announcement details.

This announcement is dated 6 July 2021.

And to get cash value Divides Rm248 Millions by Rm45,078,000 x 3.27

= 17.99 cent 

or 18 cent

So by selling lands TSH will get a total of

44.32 + 17.99

= 62.31 cent Cash

As we stated before ASSETS ARE CASH IN SOLIDIFICATION

NOW SOLID ASSETS ARE CONVERTED BACK TO CASH (MORE CASH AS ASSETS HAVE APPRECIATED IN VALUE)

SO MANY MISSED THIS IMPORTANT INVESTMENT LESSON

Earnings of TSH, THPLANT OR WTK DO NOT JUST DEPEND ON REVENUE/PROFIT

ASSET APPRECIATION ALSO PLAYS A BIG PART!

DO YOU SEE IT?

 

WHAT ELSE ARE HIDDEN IN TSH?

YES!

TSH OWNS 21.95% OF INNO SHARES

See

1. Innoprise Corporation Sdn. Bhd. 240,469,407............. 50.22%
2. TSH Resources Berhad 105,060,592...... 21.94%

TSH is Top 2nd Holder of Innoplant with 105,06T0,592 shares

Innoprise current price is Rm1.36

So total Value TSH has is 

Rm142,882,405

or 10.36 cent

Adding to 2 Assets sold

10.36 cent + 62.31 

= 72.67 cent

Any more? 

YES:

TSH RESOURCES TOOK EKOWOOD PRIVATE AT 40 SEN IN YEAR 2017 (NOW HIDDEN)

To see Value of Ekowood let us see Bursa AR on Ekowood

 

168,000,000 shares (Total paid up) of Ekowood

At 40 cent takeover price

Multiply 40 x 168,000,000

= Rm67.2 Millions (Inside Ekowood there is an Industrial property valued at Rm25 Millions)

Or how much is Rm67.2 Millions?

= 4.87 cent

So updated total is 

= 77.54 Cent

 

77.54 cent Value is clear. Share price only Rm1.08

That is already 71.7% CASH VALUE ALREADY!

Any more?

Take a look

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng    |   Latest post: Sat, 11 Dec 2021, 9:51 PM   |  >> Go to Blog Dashboard

  

TSH RESOURCES: ONE COMPANY WITH 9 BUSINESSES; The Most Overlooked, Undemanding, Undervalue Palm Oil Stocks with Far Reaching Now & Future Potential

Author:    |    Publish date: 



Dear Investors 

TSH Resources is One Company with 9 Business:

See

1. Tsh palm oil business

2. Ekowood. Taken private. Now inside Tsh

3. Innoprise. Tsh is top 2nd Holder of Inno. Directors of Tsh sits on the board and manage Inno

4. Cocoa Manufacturing. This is even before palm oil business.

5. 200,000 acres forest concession with biological assets worth Rm400 millions

6. Biomass to produce clean green renewable energy

7. Paper Pulp from Palm oil trunk waste. Ecommerce needs paper packaging

8) Palm Oil Refinery for Downstream. Tsh got 50/50 Jv with Wilmar in Sabah. Wilmar markets its finished products to China, India & others

9) Land Banking. Tsh Kalimantan Lands are located near Balikpapan the upcoming New Capital of Indonesia. Even Walton Land Banking is in Top 30 holders of Tsh

All these 9 are great businesses
So when you buy Tsh

You get 9 for one

 

1) TSH HAS PALM OIL ESTATES IN SABAH, KALIMANTAN, SUMATRA

IT ALSO GOT 6 PALM OIL MILLS>

 

2. EKOWOOD. Taken private now inside TSH

Ekowood

EkowoodOur 67%-owned subsidiary, Ekowood International Berhad (Company No. 301735-D) is involved in the manufacturing, designing, promotion and marketing of engineered hardwood flooring (EHF) under the brand name Ekowood, a registered trademark in Malaysia and in many other countries.

The 2 million sq. ft. manufacturing plant is located in Gopeng, Perak and is capable of producing up to 27 million sq. ft. of EHF per annum. Each day, over 700 devoted employees deliver world class quality products to our global distribution network which has earned us strings of accolades and accreditations.

Ekowood is truly a home-grown global brand which is synonymous with quality, uniqueness, durability and care for the environment. For more information, click www.ekowood.com

ekowood

 

3. INNOPRISE. Tsh Directors also Directors of Innoprise as Tsh is Top 2nd holder of Innoprise

See

1. Innoprise Corporation Sdn. Bhd. 240,469,407 50.22%
2. TSH Resources Berhad 105,060,592........ 21.94%
3. UOB Kay Hian Nominees (Asing) Sdn. Bhd.
Exempt AN for UOB Kay Hian Pte Ltd (A/C Clients) 28,827,050 6.02
4. Embun Yakin Sdn. Bhd. 11,223,250 2.34
5. Alliance Group Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Mutual Corridor Sdn. Bhd. (7005036) 10,104,000 2.11
6. Tunas Lestari Sdn. Bhd. 10,000,000 2.09
7. RHB Capital Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Fong Siling (CEB) 4,300,000 0.90
 
From above we SEE Tsh is Top 2nd holder of INNO holding 21.94% Innoprise shares

 

4. COCOA.

Cocoa

The principal activity of CocoaHouse Sdn Bhd (Company no. 220221-A) is to manufacture and sell cocoa products.

Our products have gained international acceptance and are exported to the USA, Europe and Asia.

img_cocoa

 

5. FOREST CONCESSIONS (Over 300,000 Acres) with Rm400 MILLIONS BIOLOGICAL ASSETS NOW.

 

Sustainable Forestry

In 1997, we were awarded with a 100-year concession to carry out forest rehabilitation, environmental conservation and industrial tree planting on 123,385 ha of forestry land in Ulu Tungud, Sabah, also known as Forest Management Unit 4 (FMU 4). The Group is committed to safeguarding the environment as part of our way of doing business.

Policy

Natural Forest Management Plan

Activities at FMU

forestry

How many acres are 123,385 ha of forestry land ?

To get acres multiply by 2.471 

= 304,884 Acres

About 1.69 Times the Size of Singapore (180,000 acres) & that for 100 Years

 

6. Biomass to produce clean green renewable energy

Biomass & Biogas Power

 

Biomass Power

Apart from creating value for TSH and its shareholders, we are also contributing towards our environment. Our palm bio-integration approach taps the huge commercial potential of bio waste of the palm oil industry through a fully integrated complex in Kunak, Sabah, complete with biomass and biogas power plants as well as a pulp and paper plant.

img_synergistic2img_synergistic3

The integrated complex is powered by renewable green energy from a 14MW biomass cogeneration plant and is the first biomass power plant in the country that is connected to the grid. The biomass power plant has a renewable energy power purchase agreement (REPPA) with Sabah Electricity Sdn Bhd to supply up to 10MW of green electricity. The co-generation plant generates electricity and industrial steam from solid by-product of the mill.

Biogas Power

Biogas power is another eco-friendly project by TSH to tap sustainable energy from wastewater generated from the palm oil milling process or more commonly known as Palm Oil Mill Effluent (POME). The aerobic activated sludge process involved during the harvesting of energy from POME not only results in regulatory compliance but also more environmentally friendly POME discharge. Its key processes of methane gas recovery and utilization for electricity generation results in a reduction in the emission of greenhouse gases. Most notably, all five of TSH’s renewable energy projects are registered as Clean Development Mechanism projects under the United Nations Framework Convention for Climate Change (UNFCCC).

 

7. Paper Pulp from Palm oil trunk waste. Ecommerce needs paper packaging

Read again between the lines

the huge commercial potential of bio waste of the palm oil industry through a fully integrated complex in Kunak, Sabah, complete with biomass and biogas power plants as well as a pulp and paper plant.

Read one more time

a pulp and paper plant.

So for TSH like Tmakmur (taken private at Rm1.90) nothing goes to waste as we have an energetic, dynamic leadership.

 

9) LAND BANKING: LANDS OF TSH NEAR BALIKPAPAN ARE FUTURE GOLD MINES AS INDONESIA WILL BUILD ITS NEW CAPITAL THERE (Just like Sepang Land Prices Shot up when Sepang Airport & Putrajaya Govt & Cyberjaya shifted there

Our Plantation Locations

 

 

 

8. Palm Oil Refinery for Downstream. Tsh got 50/50 Jv with Wilmar in Sabah. Wilmar markets its finished products to China, India & others

 

Milling and Refinery

We have 3 mills in Sabah and 3 mills in Indonesia located in West Sumatra, Central Kalimantan and East Kalimantan with a combined processing capacity of approximately 2.0 mil tonnes of Fresh Fruit Bunches per annum. Our Sabah based palm oil mills are located along Tawau – Lahad Datu – Sandakan highway or Sabah Oil Palm Belt processing 1 million tonnes per annum to sustain our throughput demand. Our 4th palm oil mill is located in Padang, West Sumatra, Indonesia. Our fifth palm oil mill is located in Palangkaraya and has been in operation since May 2010. This mill is to cater for FFB crop from our plantation in Kalimantan Tengah. Finally, we have yet another 60 tonne palm oil mill in progress in East Kalimantan with an expected completion by mid 2012 to support the milling requirement of FFB production for that expansion.

We have also ventured further downstream to refining crude palm oil and kernel crushing through a 50-50 joint venture with Wilmar International Ltd., a revered player in global vegetable fat industry listed on Singapore Stock Exchange. Strategically located at Kunak Jaya, Sabah, the refinery and kernel crushing plant have through put capacities of 2,600 tonnes per day and 600 tonnes respectively.

milling

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 

 

More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Discussions
Be the first to like this. Showing 50 of 59 comments

stockraider

Surely if buyer like it so much they still can enforce "specific performance"....whether u like terminate or not is not an issue for them mah!

The sale can still be done loh!

This is the gist of the contract mah!

I think your case had not reach the S&P level yet...could be just agent booking deposits only loh!



Posted by calvintaneng > Dec 12, 2021 12:27 PM | Report Abuse

Sure i tau

I just terminated sale of one house for Rm218,888

Now i raised the price to Rm298,888

Sure happy the buyer cancelled because i in Spore cannot sign S&P

Now Spore malaysia opens for travel and prices of houses also happily surged higher

2021-12-12 12:33

calvintaneng

hahaha

yes Klk seeing huge profit surge from cpo rising all the way from Rm1700 a ton to cross Rm4000 per ton cannot wait for Tsh, so they cancelled the deal and SWALLOWED UP ALL THE SHARES OF IJMPLANT AND DELISTED IT

SEE HOW IOI NOW RAISING OVER RM2 BILLIONS CASH

FOR WHAT?

LOOKING TO ACQUIRE PALM OIL LANDS LAH

2021-12-12 12:37

calvintaneng

lu Tau boh?

Go see Champion Sifu Dr. Neoh of Dynaquest and Fong Siling aka Coldeye why they invest in palm oil long term ?

2021-12-12 12:39

stockraider

Yes acquiring for expansion is a must but not buying into plantation with defective title mah!

Just Need to becareful loh!


I remember TSH did sell these land to KLK and a conditional S&P was even signed mah!

But after due diligence KLK cancel the deal it and later buy IJM Plant mah!

This is the same story quite similar to, where Dutaland sold their sabah plantation land to IOI and a conditional S&P was signed but after due diligence IOI revoked the deal mah!

Dutaland has no choice but look for another suiyee loh!

They found another suiyee BPlant...that bought it over from dutaland loh!

The rest is history loh....after Bplant bought over the plantations, its share price collapse to as low as below 40 sen loh....bcos of losses in this investment loh!

Be very cautious with this TSH land deal loh &.... try to ask why KLK rejected the conditional S&P leh ?



Better wait for finalization of the deal 1st mah!

This to avoid uncertainty mah!

Better look into Taann, Bplant and swkplant 1st loh!



Posted by calvintaneng > Dec 12, 2021 12:37 PM | Report Abuse

hahaha

yes Klk seeing huge profit surge from cpo rising all the way from Rm1700 a ton to cross Rm4000 per ton cannot wait for Tsh, so they cancelled the deal and SWALLOWED UP ALL THE SHARES OF IJMPLANT AND DELISTED IT

SEE HOW IOI NOW RAISING OVER RM2 BILLIONS CASH

FOR WHAT?

LOOKING TO ACQUIRE PALM OIL LANDS LAH

2021-12-12 12:40

calvintaneng

okok if you love Taann and Bplant and swKplant so much then go sell all bj corp, sell insas and sell all others just go Hammer these 3 Stocks will do

I support you all the way!!

Go go power ranger!!

2021-12-12 12:43

calvintaneng

Note: Calvin also fully loaded with Bplant and Taann as well. Taann is also top holder of Swkplant

All palm oil companies are excellent

Now be a good boy

You should go warn gloves , warn bloated tech, warn banks due to high Npl, warn steel because China Developers in trouble

All palm oil will be excellent so keep the peace

2021-12-12 12:47

stockraider

Just an important warning loh!

Remember this is the risk highlighted on TSH has been over look by people loh!

2021-12-12 12:48

calvintaneng

okok you should highlight risk in bj corp as Tsvt blows hot blows cold

highlight risk of inari which will impact insas and warn leno

go warn gloves
warn banks due to high Npl
warn steel as China Developers default in bond
warn tech as nasdaq dropping

2021-12-12 12:51

stockraider

Why don u highlight these risk at the respective stock thread leh ??

We can always debate this issue like we always do mah!


Posted by calvintaneng > Dec 12, 2021 12:51 PM | Report Abuse

okok you should highlight risk in bj corp as Tsvt blows hot blows cold

highlight risk of inari which will impact insas and warn leno

go warn gloves
warn banks due to high Npl
warn steel as China Developers default in bond
warn tech as nasdaq dropping

2021-12-12 12:53

calvintaneng

okok you so clever

clap
clap
clap!

2021-12-12 12:55

calvintaneng

Ok today is the LORD's Day

Hear this message by John R. Rice

https://www.youtube.com/watch?v=FqGiIa6vAHo

2021-12-12 13:20

Alwinb

Why Oriental Holding

With net cash position of 4.50 per share, you are getting Oriental's 40k hectares oil palm plantation for free. Not to mention others profitable business ventures and its impressive portfolio of overseas assets.

Increasing dividend yield. Expecting 5%. Last quarter paid 10c despite direct impact on its automotive and hospitality industry. Expect higher dividend payment for quater ending december 2021

Down to earth but sure win business strateges focusing organic growth based on Oriental's business growth history

Based on its historical share price movement, target price of 6.50 to 7.00 is easily within reach in the next 6 months

Not a multi bagger but a good hedge against inflation and a long term investment

2021-12-12 13:33

investor2021trading

@calvintaneng, plantations land in Kalimantan, Sulawesi, Sumatra, East Timor n East Papua r all on land lease with d Indonesia's govt! they r not for sale but allowed takeover (if they failed or r not genuine developer) by another company with d consent of BUPATI, Indonesia. Those plantations land cultivated by WILMA, KLK, TSH, UMCCA n others foreign countries r all firstly given HGU (Had Guna Usaha) by BUPATI (local provincial govt) for oil palm cultivations. There r sets of agreements like developing PLASMA land (oil palm land for local farmers/rakyat) n CSR's commitments eg. building roads/bridges for locals. Once they succeeded to plant large hectares of oil palm land, they need to obtain a land lease agreement (10yrs to 25 yrs/1st n 2nd generations oil palm crop) of d matured oil palm land subject to paying a fees to d provincial govt n likewise hv to do SED works eg, housing/schools n clinics for locals/rakyat. Eventually, they need to build a palm oil mill to process their own FFBs n to buy d locals FFBs (economy for d rakyat).

So, don't ever think d plantations companies owned d agriculture land or is their assets! they only leased from d provincial govt for their agriculture businesses to churn revenue n their profits! They also hv to pay fees n taxes for their activities n profits!

2021-12-12 13:41

calvintaneng

Oriental is 90% into Motor Vehicle production (too little palm oil)

Now got problem of chip shortage

Even Toyota also affected

See https://www.reuters.com/business/autos-transportation/toyota-halt-production-2-japan-factories-due-supply-shortage-jiji-2021-12-09/

Best sell Oriental and buy these three

1) TSH
2) TAANN
3) SOP

2021-12-12 13:44

calvintaneng

investor2021trading

They own the Rights of Use to the Lands

These can be sold & transfer ownership (not the underlying lands) but Rights are just as valuable

That is why KLK bought Ijmplant to own those lands in Kalimantan & Sumatra

2021-12-12 13:55

stockraider

We must think logically & fundamentally mah!

Oriental has more than Rm 3 billion net cash whereas Tsh has more than Rm 1 billion debts loh!

Tsh Nta has about Rm 1.25 whereas Oriental exceed Rm 10.00 per share mah!

Oriental pays dividend about 30 sen to 50 sen dividend per share...and can afford to pay since it hold about Rm 4.00 net cash per share mah!

In terms ha...Tsh plantation is slightly bigger than Oriental loh!

However Oriental has depth in its assets value beside plantation...it hold many valuable properties in the world, it has a few good manufacturing companies and car distribution especially honda.

In addition oriental hold more than a billion worth of share investment mah!

How can blue chips Oriental is less valuable than TSH where its plantation in indonesia that KLK has doubt & walk away after due diligence leh ?


Posted by calvintaneng > Dec 12, 2021 1:44 PM | Report Abuse

Oriental is 90% into Motor Vehicle production (too little palm oil)

Now got problem of chip shortage

Even Toyota also affected

See https://www.reuters.com/business/autos-transportation/toyota-halt-prod...

Best sell Oriental and buy these three

1) TSH
2) TAANN
3) SOP

2021-12-12 14:24

calvintaneng

Oriental's is value trap like Kseng

Tsh is a cyclical turnaround

Try to learn what is a turnaround investment from Sifu Peter Lynch

2021-12-12 14:35

stockraider

If like that what u say...Then Your Grand call on plantations, but it is not moving up, are they not value traps meh ??

Need to be consistent mah....if u r a value fundamental investors, U should not worry about value trap mah!

Only pump & dump kakis worry about value traps mah!

Anyhow why worry about ORIENTAL leh ??

They give good dividend while u wait mah, just like TAANN mah!

2021-12-12 14:42

calvintaneng

Investor2021trading

You got study properly ijmplant lands location or not before talking so much?

ijmplant has 65% lands in Indonesia and about 35% lands in Sabah

Better study properly first before commenting ok?

2021-12-12 14:43

calvintaneng

Plantation like Mhc plant I bought at 58 sen has moved up over 90 sen and I call for a sell

Ijmplant buy call at Rm1.86 up 72% (Rm3.10 plus 10 sen) and taken over by Klk

Thplant was 40 plus sen now over 60 sen

Taann around Rm2.70 now up

THESE RUN FIRST AND OTHERS WILL FOLLOW ONE BY ONE IN THEIR TIME

I ALSO CALLED FOR A SELL ON GLOVES AND THEY COLLAPSED

2021-12-12 14:50

stockraider

If everyday....u call buy...surely one day it is up mah!

If everyday....u call sell...surely one day it is down loh!

If everyday...u call 10 buy call on 10 different stock...surely some will be up mah!

If everyday ....u make 10 sell call on different stock...surely some will be down loh!

If u keep quiet of your failure & play up your success...then ;

Very easy to be a genius like that mah!

2021-12-12 16:05

stockraider

Correctloh...just ignore the TSH land sales profit...which has not even materialize loh, now still pending due diligence findings mah!


Posted by Investorrr > Dec 12, 2021 11:11 AM | Report Abuse

if long term investments, better hope and forecast into TSh 's core earnings only.hope for consistently palm oil price above rm5k per ton for 1st half in 2022.The land sales profit is just a one time profit.

2021-12-12 16:45

calvintaneng

Investorrr is smart

Go look up all Smart investorrr comments in Tsh forum

2021-12-12 17:15

Alwinb

How can Oriental be a value trap when it has an expanding plantation and medical businesses apart from their profitable automative, plastic and quality property portfolios which are expected to recover post MCO. The term value trap is used loosely without understanding what it really means.

A company in cyclical business is value trap if caught at the wrong end of the cycle not a company that cobsistently delivers value with increasing dividend

While I agree with the potential spike of plantation stocks, I do find Calvin sometimes contradicts himself to justify the company he favours.

2021-12-12 20:35

calvintaneng

put it this way

Warren Buffet said if he is out looking for a 7 footer a five feet five won't do.

in other words go for the best potential stocks and don't settle for less

the mediocre is the enemy of the good

and the good is the not enough if you can SEE the best why settle for less

2021-12-12 21:47

Johnzhang

It is very good for TSH if the land disposal in Kalimantan can go thru. It's only at heads of agreement stage , no SPA yet. A lot more details and conditions to work out especially the condition on conversion from HGU (right to use for agriculture) to HGB (right to use for building). I think this will be the biggest hurdle to cross, not a easy hurdle.

2021-12-13 06:38

calvintaneng

Good morning

Warren Buffet and Charlie Munger have bought into many businesses and retaining owners CEOs even though they no longer need to work for money after received Billions USD

They now work under Berkshire Hathaway as a joy since they are not in any need

And Warren likes them because he knows they love their jobs and work with passion

Same applies to other Company Directors which Warren want to know their purpose and sense of direction or vision

In other words Warren is looking for Leadership

Now Calvin sees lots of Leadership in Top Boss of Tsh

1. Pro-actively buying and buying up Tsh with own hard-earned monies

2. Spreading out into 9 businesses

3. After starting cocoa manufacturing they diversified into palm oil. And go down stream into milling and refinery

4. From palm oil they diversified into wood flooring and forest concession

5. And value add by diversifying into biomass and bio green energy

6. Actively disposing palm oil lands in Sabah and Kalimantan when prices are now so high

These qualities and energy are now unfolding in good profits for shareholders

2021-12-13 07:42

calvintaneng

Good profits for shareholders ?

This is why Sabah Govt has roped in Tsh to manage Innoplant

By the good leadership of Tsh Directors on Innoplant BOD (board of directors ) Innoplant is now rewarding high dividend payout to Sabah Govt , shareholders and Tsh as well as it owns 21.94% of Innoplant shares

This is another good example of how Tsh management create and increase value for all shareholders of Tsh

2021-12-13 08:18

tollebunsmith

calvintaneng : Heloo friend/// heheheh i see u are lying in this counter today!!! Good .. it make u feel alive? Ok ok... shhhhsh I wont tell anyone what a snake u are...

Sorry people, calvintaneng is a very good investor and can read the market like Warren Buffet...

LOL even WArren ask calvintaneng for advise and often buy calvintaneng breakfast by paying RM1 million per session.....

2021-12-13 09:15

calvintaneng

Tolle

What lies?

Don't generalise

Just point out the facts

More than one thousand people are viewing this post

If you cannot bring out the facts then you are the liar before all here

2021-12-13 09:38

stockraider

This is precisely another red flag mah!

The sabah Govt may have regretted on 2nd thought loh!

Raider already highlighted...that Inno...had a material litigation with its land owner partner mah!
'
In the respect of land rental mah!

From what i read Inno or Tsh management try a pull a fast one on its govt allies...resulting in litigation mah!

Does not look good on corporate governance loh!

1. Major litigation under INNO!

2. KLK walk away from TSH after due diligence on plantation land purchase loh! Everyone knows KLK people are very honest business man...they will not do that...unless they are major issue on land....they discover during due diligence mah!

3. The current purchaser...are local people....they maybe even more familiar with indon land deals...it will be a big hurdle to pull thru for TSH....for the sales to be completed mah?


Posted by calvintaneng > Dec 13, 2021 8:18 AM | Report Abuse

Good profits for shareholders ?

This is why Sabah Govt has roped in Tsh to manage Innoplant

By the good leadership of Tsh Directors on Innoplant BOD (board of directors ) Innoplant is now rewarding high dividend payout to Sabah Govt , shareholders and Tsh as well as it owns 21.94% of Innoplant shares

This is another good example of how Tsh management create and increase value for all shareholders of Tsh

2021-12-13 10:06

stockraider

They are plenty of other attractive plantation around mah!

2021-12-13 10:06

calvintaneng

No worry at all As Inno is transparent and gave out excellent dividends

2021-12-13 10:07

calvintaneng

Tsh selling lands in Indonesia is also same as Ijmplant selling it's oil palm lands in indonesia to Klk

Both same

2021-12-13 10:09

calvintaneng

Tsh is most identical to Ijmplant

In boom years both Ijmplant and Tsh share prices reached Rm4.00

Since Klk took ijmplant private from Rm1.86 to Rm3.20 Tsh if taken private should be worth at least Rm2.00

2021-12-13 10:11

stockraider

Correct loh...Good dividend of INNO may not be sustainable...bcos of Inno....is over reporting profit & under paying its....business allies mah!

TSH knows they need to pay high dividend on Inno...bcos their days are numbered bcos of the litigations & high chance their concession will be terminated loh!

Better sapu...whatever money in the kitty 1st loh!

Do not look into a make believe mirage mah!

2021-12-13 10:11

stockraider

No way TSH is upto the Standard of IJMPlant bcos of corporate governance issue at TSH mah!

This confirm by KLK walking away from TSH land deals and buying into Ijmplant after due diligence mah!

2021-12-13 10:14

calvintaneng

Whatever it is dividends cannot lie

Better they pay good dividends then so many companies siphon out cash by corruption of directors

So dividend is a good sign business is good

Only healthy plants bear good fruit

2021-12-13 10:14

stockraider

Correctloh...the days for Inno is numbered....thus should take back whatever cash they can reap loh!

It just like...u invest into a junk bond......u trying to get back your capital plus interest as soon as possible mah!

2021-12-13 10:24

calvintaneng

so good

tsh received lots of dividends from innoplant like never before

2021-12-13 11:27

wallstreetrookie

So what is your price target for TSH Resources? Already established some position and would further add if there is any more development to the existing business.

2021-12-13 11:28

wallstreetrookie

Holding for at least 1 quarter

2021-12-13 11:28

stockraider

So Good meh ??

If u buy Inno for Rm 1360 & u will collect inno dividend of 5 to 8 sen a year for the next 13 yrs b4 it go bungkus due to concession expiry mah!

2021-12-13 11:29

calvintaneng

Wall street

Target price of Tsh is about 15% less than ijmplant if taken private

Klk took ijmplant private at Rm3.10 so if some entity wants to take Tsh private they should offer Rm2.00 to Rm2.50 to be fair

In bull run years both Ijmplant and Tsh resources crossed Rm4.00

But Tsh got gave free bonus issue before so if tsh goes into full cycle bull run peak again it should reach Rm3.50 no problem

2021-12-13 12:04

stockraider

How to take private when it has more than Rm 1 billion borrowings & dubious land rights & title loh!

Posted by calvintaneng > Dec 13, 2021 12:04 PM | Report Abuse

Wall street

Target price of Tsh is about 15% less than ijmplant if taken private

Klk took ijmplant private at Rm3.10 so if some entity wants to take Tsh private they should offer Rm2.00 to Rm2.50 to be fair

In bull run years both Ijmplant and Tsh resources crossed Rm4.00

But Tsh got gave free bonus issue before so if tsh goes into full cycle bull run peak again it should reach Rm3.50 no problem

2021-12-13 12:58

calvintaneng

Sure can
Ijmplant also got debt
Assets now superior prices up70% in Sabah & up 140% in North Kalimantan

INSIDER BOSS KNOWS BEST

See how he bought & bought Tsh from open market

See

KELVIN TAN AIK PEN 13-Oct-2021 Acquired 400,000 - View Detail
KELVIN TAN AIK PEN 12-Oct-2021 Acquired 400,000 - View Detail
KELVIN TAN AIK PEN 11-Oct-2021 Acquired 400,000 - View Detail
KELVIN TAN AIK PEN 08-Oct-2021 Acquired 400,000 - View Detail
KELVIN TAN AIK PEN 07-Oct-2021 Acquired 500,000 - View Detail
KELVIN TAN AIK PEN 06-Oct-2021 Acquired 500,000 - View Detail
KELVIN TAN AIK PEN 05-Oct-2021 Acquired 500,000 - View Detail
KELVIN TAN AIK PEN 04-Oct-2021 Acquired 200,000 - View Detail
KELVIN TAN AIK PEN 01-Oct-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 30-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 29-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 28-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 27-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 24-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 23-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 22-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 21-Sep-2021 Acquired 250,000 - View Detail
KELVIN TAN AIK PEN 20-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 17-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 15-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 14-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 13-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 10-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 09-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 08-Sep-2021 Acquired 300,000

2021-12-13 13:07

stockraider

IJMPLANT completely certified fine by KLK but TSH had failed in the due diligence mah!

Posted by calvintaneng > Dec 13, 2021 1:07 PM | Report Abuse

Sure can
Ijmplant also got debt
Assets now superior prices up70% in Sabah & up 140% in North Kalimantan

INSIDER BOSS KNOWS BEST

See how he bought & bought Tsh from open market

2021-12-13 13:09

calvintaneng

Warren Buffet likes Company Bosses buying their Company shares with their own personal hard earned monies

See

KELVIN TAN AIK PEN 07-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 06-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 03-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 02-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 01-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 30-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 27-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 26-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 25-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 23-Jul-2021 Acquired 1,000,000 - View Detail
KELVIN TAN AIK PEN 22-Jul-2021 Acquired 1,000,000 - View Detail
KELVIN TAN AIK PEN 21-Jul-2021 Acquired 800,000 - View Detail
KELVIN TAN AIK PEN 19-Jul-2021 Acquired 800,000 - View Detail
KELVIN TAN AIK PEN 16-Jul-2021 Acquired 1,000,000 - View Detail
KELVIN TAN AIK PEN 15-Jul-2021 Acquired 600,000 - View Detail
KELVIN TAN AIK PEN 14-Jul-2021 Acquired 500,000 - View Detail
TAN AIK PEN 13-Jul-2021 Acquired 500,000 - View Detail
TAN AIK PEN 12-Jul-2021 Acquired 500,000 - View Detail
TAN AIK PEN 09-Jul-2021 Acquired 300,000 - View Detail
TAN AIK PEN 08-Jul-2021 Acquired 1,000,000 - View Detail
TAN AIK PEN 07-Jul-2021 Acquired 1,000,000 - View Detail
TAN AIK PEN 02-Jun-2021 Acquired 700,000 - View Detail
TAN AIK PEN 01-Jun-2021 Acquired 700,000 - View Detail
TAN AIK PEN 31-May-2021 Acquired 400,000 - View Detail
TAN AIK PEN 28-May-2021 Acquired 500,000

2021-12-13 13:09

calvintaneng

excellent excellent indeed

2022-01-07 12:11

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