Good evening to all Happy Investors of i3 Forum,

To-night we are happy to shed some light on TSH Resources, Hs Plant, BPlant & Ioi Corp

1) TSH RESOURCES

A good surprise today. Many counters including palm oil were sold down except Tsh Resources Insider Still buying more

And Tsh closed up!

See

And see his purchase

Why the buying in a day of sell down? And at higher price of Rm1.69 average?

Like Supermax Insiders bought at Rm7.75  & Rm7.50 & then Supermax reached Rm8.00 but faced heavy selling then below Rm7.00

Calvin told all not to fear as at that time of 2020 Glove Superbull Supermax Insiders bought showed confidence & yet ahead was "Free Bonus Isuues" unknown to us. 

So is Tsh going to manifest something "BIG" yet future? Unknown now but we can SEE Insider Boss bullishness

So we follow Insider Boss.

He buys we buy.

He holds we hold on tightly.

Happy were those who bought TSH at its lowest Rm1.65 today

Well done!

2) HS PLANT (5138)

Yesterday Hs Plant Co sold shares. Today in a panic people reacted negatively & sold Hs Plant as low as Rm2.81

We think the sell down is unjustified because people were IGNORANT!

Actually Hap Seng Plant by Bursa law has to sell down & allow at least 25% for Public Spread. Or else Hs Plant will need to give a Mandatory Offer to take over all the rest and make it private

Recently Innoprise has sold all its Hs Plant shares to Hap Seng

And Hap Seng has exceeded 75% ownership. That is THE REASON WHY HAP SENG Has to Dispose some to pare down & own less than 75%

See Very very CAREFULLY

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of substantial Securities Holder

Details of changes

After disposing 10,667,660 shares Hap Seng now owns 73.557% (Since under 75% Hap Seng no longer need to pare down more today.

How many per cent is 10,667,660?

The formula is 10,667,660 divides by 588,221, 880 = 1.81%

= 1.81% + 73.557 

= 75.367%

So selling just 1.81% Hap Seng now has 73.557%

HS PLANT IS NOW DEBT FREE AND CASH RICH

At Rm2.82 with a Dividend of 15.5 sen

HS PLANT gives a Dividend yield of almost 5.5%

Note further

Hs Plant highest price was Rm3.78 in year 2,008

It paid 10 sen dividend for year 2008 & its EPS was 17.8 sen

Now Hs Plant earned 11 sen just one Qtr & pay 15.5 sen dividend

Year 2008 Cpo only ranged Rm3,500 to Rm4,000 per ton

Now Rm5,000 to Rm6,000 per ton

SO HAP SENG AT RM2.82 IS AN OUTRIGHT BUY

We expect Hs Plant to overtake its Year 2008 high of Rm3.78 to reach Rm5.00 Target or higher

From Rm2.82 to Rm5.00 there is at least 77% Upside & with Dividend it should be 80% to 90% gain

3) BPLANT

Bplant has been sold down by Ltat to Rm1.10

But we SEE ahead in May 2022 Bplant will report its highly profitable land sold to Ytl Power for Rm428 Millions Cash

Bplant original cost was Rm65.1 Million Book Value

So there is a profit of a WHOPPING RM371.9 MILLIONS

How much is that?

To calculate refer to Bplant latest result

See

See the figures?

Bplant last earned Rm85.135 Millions which is equivalent to 3.8 sen profit

We do a short cut calculation

371,900,000 divides by 85,135,000 X 3.8

= 16.5997 sen

= 16.6 sen profit (nearest decimal)

This profit will be reported in May 2022 result (not counting FFB & CPO sale which should be great as well)

Now Bplant has a policy of giving 60% of Profit as dividend

so 16.6 x .6

= 9.96 sen dividend pay out expected

9.96 sen / Rm1.10

= 9.05% Yield

If there is more profit from operation then the dividend yield for May 2022 alone will exceed 10%

We expect Bplant to Reach Rm1.50 target

And then Rm2.00 target by end 2022 or earlier

4) IOI CORP

This is a Stock with hidden potential

Just as TSH is 2nd Top holder of Innoplant at 21.95%

IOI CORP owns 32% shares of Bumitama Sgx (listed in Singapore)

Please Refer to IOI CORP Annual Report

We bought Buitama at 46 sen & it has gone up over 30 sen in profit

IOI CORP is Malaysia's 3rd Largest Plantation Stock holders with 432,000 Acres

Bumitama has over 400,000 acres in Kalimantan, Sumatra & Riau Islands

The price rise of Bumitama will give a remeasurement gain of over Rm500 Millions in Profit

IOI Corp was Rm6.53 in year 2008 when Cpo was Rm3500 to Rm4000

Now we expect IOI CORP to reach Rm7.00 to Rm8.00 Target

At Rm4.59 closing price today IOI CORP is a real overlooked bargain of great value

Best regards for a Most Prosperous Palm oil Bull Run year to all the dear Fraternity of i3 Forum

Calvin Tan

Please buy or sell after doing your own due diligence or consult your remisier/Fund Manager