THE INVESTMENT APPROACH OF CALVIN TAN

PALM OIL (TSH) APPRECIATING ASSETS VERSUS O&G (KNM) DEPRECIATING ASSETS: LAND VERSUS METAL, Calvin Tan

calvintaneng
Publish date: Tue, 29 Nov 2022, 11:32 AM
calvintaneng
0 1,688
Hi Guys,

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

Dear friends

We like Palm oil due to its Superior Land based ASSETS Which APPRECIATE IN VALUE OVER TIME

In contrast O&G Assets Steel based will rust away over time

 

This can be illustrated by Two Examples

 

YSH RESOURCES (PALM OIL) VERSUS KNM (O&G)

 

See TSH latest result

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2022

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2022
30 Sep 2021
30 Sep 2022
30 Sep 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
262,652
309,074
1,024,414
860,569
2 Profit/(loss) before tax
294,439
65,689
490,755
169,381
3 Profit/(loss) for the period
296,443
53,775
474,308
128,422
4 Profit/(loss) attributable to ordinary equity holders of the parent
258,428
45,078
412,239
105,576
5 Basic earnings/(loss) per share (Subunit)
18.72
3.27
29.87
7.65
6 Proposed/Declared dividend per share (Subunit)
0.08
0.00
0.08
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 ($$)
1.5071
1.1892
 

 

SEE NAV

 

Was Rm1.18

NOW RM1.50 (Or up by 32 sen)

 

Just sold Bulugan 32000 acres land for Rm731.09 Millions

 

Original Cost Rm266 Millions

 

Profit is Rm465 Millions or 30 sen

2/3 profit received and TSH is giving a nice 8 sen dividend

 

TSH still got lots of Land

 

Down south of Bulugan is Kutai/Nusantara the New Capital of Indonesia

 

lAbout slightly less than 3X (times) the Size of Bulugan land sold but Much More Valuable

 

If we only take the same price of Bulugan (as benchmark. Of Course Nusantara Lands worth far more)

 

A simple computation will be

 

Rm731.09 Millions x 3

- Rm2.193 Billions

Ay 1,388 million paid up shares

 

IT IS worth Rm1.58 a share

 

So in Value NAV will rise to Rm1.50 + Rm1.58

= Rm3.08 NAV

If Kutai/Nusantara 94700 acres are REVALUED

 

Note: Current book value only Rm5K per acre (Reder TSH AR or Annual Report)

 

 

KNM

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2022

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
Six Months
Three Months
Eighteen Months
Eighteen Months
01 Apr 2022
To
01 Apr 2021
To
01 Jan 2021
To
01 Jan 2020
To
30 Jun 2022
30 Jun 2021
30 Jun 2022
30 Jun 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
262,687
0
1,442,812
0
2 Profit/(loss) before tax
-72,424
0
-790,014
0
3 Profit/(loss) for the period
-82,077
0
-814,349
0
4 Profit/(loss) attributable to ordinary equity holders of the parent
-74,381
0
-764,593
0
5 Basic earnings/(loss) per share (Subunit)
-2.12
0.00
-21.79
0.00
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 ($$)
0.2600
0.6000
 

KNM Dropped into Pn17

NAV dropped from 60 sen to 26 sen (lost 34 sen)

 

 

Above shows Assets Value are not permanent

THEY CAN APPRECIATE UPWARDS OR DEPRECIATE DOWNWARDS

 

One more thing you must know

 

KNM IS VERY POPULAR

 

See

69 people like this.

 

https://klse.i3investor.com/web/forum/forum-thread/800001403

 

In heydays KNM very hot stock and 69 people clicked likes

 

TSH is unpopilar

Only 9 persons clicked likes

 

https://klse.i3investor.com/web/forum/forum-thread/800001682

 

That is all for today

 

No buy or sell call

 

Warm regards

 

Calvin

Discussions
1 person likes this. Showing 11 of 11 comments

ITreeinvestor

The fact is CPO price hardly go up further.
At the same time cost of production is surging due to
1) high fernitiser price
2) min. wages raise from RM1,200 to Rm1,500

1 month ago

investor77

Most CPO shares are making good profit. This shows despite high fertilizer cost and higher wages for workers, it is still profitable Land is a scarce commodity, so should Sime Darby or BPlantation sells any one of its good location land, it will reap enormous profit. TSH will also later gain from its land near to new Indon capital at Kalimantan bought cheaply in due time.

1 month ago

stockraider

Yes ....very safe to invest in palmoil stock loh!

1 month ago

Hate the Spammers in i3

aiyo why calvin talk bad about my KNM. I have both Tsh and Knm. If you make me angry again I will talk bad you like 'See research' and 'Mikecyc'! Hahahah

1 month ago

calvintaneng

hahaha sorry my friend

no offense intended

just share the facts

1 month ago

calvintaneng

And these are the warning red flags on KGB

1. KGB committed to complete Sarawak Construction project by End December 2022 worth Rm420 Millions

See
https://www.thestar.com.my/business/business-news/2021/09/14/kelington-bags-rm420mil-construction-job-in-sarawak

So far no sign of payment except got Rm530 Million Receivables (IOU) in balance sheet

Why KGB not get payment yet?

Is it due to incompletion by cost over runs

CEMENT PRICES UP BY 15% IN EARLY
NOW ANOTHER 15% HIKE IN CEMENT PRICES

HOW TO SURVIVE 30% CEMENT PRICE HIKE IN ONE YEAR?

See

https://www.edgeprop.my/content/1904606/construction-groups-want-govt-probe-latest-cement-price-increase?wref=edgemarkets

Another Red Flag

Since KGB got no payment IT GONE TO BORROW MORE MONEY

Refer KGB balance sheet

Short term loan jumped from Rm29 millions to Rm152 Million or Up by Rm123 Millions

Matter of time due to High Construction cost KGB will go insolvent & later bankruptcy

BETTER SELL KGB

SITTING TIME DEBT BOMB OF CONSTRUCTION OVER RUNS, IOUS & HIGHER DEBT LOAD

GET OUT NOW!

SELL ALL KGB

SELL ALL KGB WB FAR OUT OF MONEY!

1 month ago

stockraider

Correct mah!

How can u go wrong investing in plantation leh ??

It is a perfect hedge agst inflation loh!

U see plantation land is finite cheap assets mah!

U cannot get more loh!

1 month ago

calvintaneng

Exactly

lands are indestructible

1 month ago

SEE_Research


As at 11.00 pm., 27 December 2022
To : stockraider
From : SEE _RESEARCH

1. So long no see __ you appeared briefly in this TSH forum barely less than 7 days ___ just 2 months ago __upon the kay boh begging you to appear in this TSH forum more of his convenience.
2. Surely , you __ stockraider has little choice but to be in TSH forum
with intermittent apperances upon the illiot __ now also known as kay boh calvintaneng begging you __
by knee down __ is that so ?

3. With his poor leaderships whether to accept on the
4th Gaunlet Challenge as the terms and conditions are more favourable to illiot , kay boh calvintaneng whether to accept or not __
a simple reply __ yes or no .
This illiot , kay boh just evade and run off into his bear cave of Bulugan forest __ obviously to hide his damaged head like an ostrich.

4. This reflect badly on his poor leaderships in which he has clearly display on his kay boh attitude in front of the supporters of plantation stocks and also the naysayers
with no shame __
should the challenge is offered to you , stockraider will jump on the opportunity without hesitation like he the illiot calvintaneng from Singapore __ who had badly speculated on his
T ong S ampah H amchur __ or
T ong S ampah H angus at buy calls RM 1.72 whereby he shouted out it is cheap just jump on the great opportunities with certainty with crystal clear as his
TSH IS ON THE WAY TO
( i ) RM 10.00 AND
( ii ) RM 150 .00 TO BEAT NESTLE __STOCKRAIDER WOULD YOU AGREE THAT HIS TSH CAN REACH
RM 10.00 AND RM 150.00 in his nightly nighmares. ?

5. We had been advised that he , the illiot chicken kay boh calvintaneng __ is the sole promoter of Netx and you happened to be side actor who had play a smaller role only as the solely responsibilities is hanged onto his neck like a ton of bricks
and not yours __ is that correct , stockraider ?
/////////////////////////////////////////////////
From : stockraider

Aiseh naik lagi woh

????????????????????????????????????
From : SEE_Research

As at 5.05 pm, 27 December 2022
Go back to your bear cave of Bulugan forest __ and hide __
calvin the lion heart __

calvin the real tikus
calvin the real tikus

calvin the real tikus
calvin the real tikus

To : Sir illiot Call vin Tan Boh Liau
ALSO WELL KNOWN AS THE SINGAPORE SLANG __ * KAY BOH FROM JURONG , SINGAPORE *

A PURE DISGRACE A SIMPLE REPLY ON YES OR NO IN TAKING UP THE 4TH GAUNLET CHALLENGE


Why so little
from illiot Calvintaneng boh liau

Tsh will rebound more than 100 % to over RM 2.00

You __ scum of the left over chunks of rubbishes in singing over
RM 10.00 and
RM 150.00 to surpass the top blue chip price of Nestle

3 weeks ago

eeq4311111

Thank you Dr. Okuns, your herbal medicine is a very good remedy for HERPES CUER, and Removing Warts. You can contact him via E-mail: herbal.home247@yahoo.com for any types of diseases solutions or WhatsApp him on: +2348078467513

Am from United State. I want the general public to know how this great man called Dr. Okuns cure my sister from GENITAL HERPES with the herbal medicine gotten from him, he cures other diseases too like STD, SYPHILIS, BRAIN TUMOR CANCER CURE. My own was worst I have suffered for Human papilloma virus HPV) for 2years he cure me too!!! herbal is a great medication. he have a medicine that is 100% percent guarantee to cure any type of disease and you don't need to spend so much money anymore. I want you to contact Dr. Okuns. My family is now a brand new one, so stop your worries and go get your herbal medicine now to get your family free from deadly disease. He will not disappoint you. Contact him now via E-mail: herbal.home247@yahoo.com OR
Visit his website https://herbalhome247.wixsite.com/mysite OR
WhatsApp/Call him with this Phone Number: +2348078467513

3 weeks ago

Post a Comment