Dear friend of i3 forum

There is a lot of talk that Banks are Best & Palm oil no good or neutral at best

We will follow Singapore Ms Teh Hooi Ling example

She wrote a number of Books titled "

SHOW ME THE MONEY"

See

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Now we will see the MONEY In Gloves Versus Banks Versus Palm Oil Co 

(Please refer  to respective Latest Bursa Announcements\

Now let us Look at Gloves

1) TOP GLOVE

Cash and cash equivalents at 28 February 2023/2022 345,134 562,461

In year 2022 Topglove Cash Position was

Rm562 MILLIONS

Now Rm345 Millions

A Drop of Rm218 Millions or 38% Down

2) SUPERMAX

Cash & cash equivalent at end of period 2,613,313 3,392,150

Cash was Rm3.392 Billions

Now Rm2.6 Billions (Drop of 23%)

Supermax has planned a RM1 Billion Investment to set up Glove Factory in USA

3. HARTALEGA

(Refer to Bursa)

Cash was 3,047,430,000

Now  Rm1,928,352,000

Down by 36%

4. KOSSAN

CASH WAS Rm2,557,765,000

CASH NOW Rm1,347,228,000

Dropped 47%

From above  we see the Super Earnings of Gloves now over

2 Reasons

1) Total Glut after Vaccine cured Covid 19 plus immunity built up

2) Fierce ongoing price war from China Glove dumping

Can see in Lazada Singapore & Alibaba China all the discounted prices of gloves in combat

BANKS OF MALAYSIA

1) CIMB BANK

Refer to Latest Quarter Results from Bursa Website

Cash and cash equivalents at end of financial year 

 In Year 2022 then Rm45,425,729,000

Cash now: Rm43,039,072,000

Cash dropped by Rm2.386 Billions or down 

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DOWN BY 5.2%

2. RHB BANK

 CASH WAS Rm19,831,323,000

Cash now: Rm19,134,835,000

A drop of Rm697 Millions (less cash)

3. MAYBANK

Cash and cash equivalents at end of the financial year 50,830,482

cash was RM51,882,143,000

CASH NOW RM50,830,482,000

A DROP OF RM1.052 BILLIONS (LESS CASH NOW)

4. PUBLIC BANK

REFER ANNOUNCEMENTS FROM BURSA

CASH WAS RM14,048,205,000

CASH NOW: RM18,795,171,000

CASH UP RM4.7 BILLIONS

THIS ONE HAS IMPROVED

OVER ALL WE SEE CASH OF G;OVE  COMPANIES MOSTLY DOWN AND BANKS MIXED

NOW LOOK AT PALM OIL COMPANIES

1. TSH RESOURCES

REFER BURSA WEBSITE

Cash and bank balances 376,232 292,751

WAS RM292 MILLIONS

NOW RM376 MILLIONS

CASH INCREASED BY RM84 MILLIONS OR UP 22.3%

NOTE; ANOTHER RM302 MILLIONS CASH BELATELY RECEIVED IN JAN 2023 FOR LAND SOLD WILL BE REPORTED BY MAY 2023 RESULTS. ABOUT 21.9 SEN CASH 

2. JAYA TIASA

Cash and cash equivalents at the end of the year 

CASH WAS RM163,666,000

CASH NOW  RM167,812,000

CASH INCREASED BY RM42 MILLIONS

(NOTE; LOANS WAS FURTHERED PARED DOWN)

3.BPLANT

 cash was RM82,175,000

CASH NOW RM165,605,000

UP BY RM83.4 MILLIONS

5. TAANN

Cash and cash equivalents at 31 December (Note 22) 523,624 454,945

CASH WAS RM454.9 MILLIONS

CASH NOW RM523.6 MILLIONS

CASH UP BY 68.7 MILLIONS

CASH STILL UP ALOT EVEN AFTER TAANN GAVE OUT A TOTAL OF 40 SEN DIVIDEND LAST YEAR

5. SOP (SARAWAK OIL PALM)

Cash and bank balances 1,236,181 796,693

CASH WAS RM796.6 MILLIONS

CASH NOW RM1.236 BILLIONS

CASH INCREASED BY 439.4 MILLIONS

WHILE TAANN GAVE OUT ITS SURPLUS CASH SOP RETAIN CASH FOR MANY PROJECTS YET AHEAD

6. HS PLANT

Cash and cash equivalents 

166,336 121,040

CASH WAS RM121 MILLIONS

CASH NOW RM166 MILLIONS

CASH UP BY RM45 MILLIONS

IS THAT ALL?

NO!

ACTUALLY HS PLANT INVESTED ITS FUNDS INTO MONEY MARKET 

SEE

Money market deposits 339,586 296,637

WAS RM296.6 MILLIONS

NOW RM339.5 MILLIONS

TOTAL CASH OF HS PLANT ACTUALLY A NICE RM505 MILLIONS OR 63 SEN PER SHARE

TODAY MHC PLANT UP AFTER IT GAVE OUT A 6 SEN DIVIDEND BUT IT ONLY EARNED 0.11 SEN PROFIT LAST QUATER

WHY?

ANSWER:

BECAUSE PALM OIL COMPANIES ARE NOW OVERFLOWING IN CASH

TOO MUCH CASH THAT THEY HAVE TO GIVE THEM OUT AS GOOD DIVIDENDS

SO HERE WE 'SEE THE MONEY"

AND THE MONEY IS IN PALM OIL

HOW COME?

LISTEN

IN YEAR 2019 CPO WAS ONLY RM2200 YET ALL PALM OIL CO SURVIVED

COST ONLY RM1400

SO AT EVEN RM2200 PER TON THE GROSS PROFIT IS A DECENT RM800 PER TO CPO

NOW CPO IS OVER RM3700 PER TON COST IS RM2000

THERE IS A HUGE GROSS PROFIT OF RM1700 (MORE THAN DOUBLE THAT OF YEAR 2019 BY OVER 100%)

AND AS LONG AS CPO DOES NOT FALL BACK TO RM2200 (2019 YEAR PRICE) ALL PALM OIL CO WILL SURVIVE

AT RM3000 ALL WILL DO WELL

AT RM3500 ALL WILL DO GREAT

ANYTHING OVER RM4000 WILL BE EXCELLENT

ALL THE PAST BULL YEARS OF PALM OIL IN 2008, 2012 AND 2014 NEVER SEE PALM OIL CPO EXCEED RM4000 A TON AND STAYED THERE

NOW IF CPO CAN STAY ABOVE RM3000 TO RM4000 RANGE WE WILL SEE EXCELLENT STABLE, SOLID AND SOUND BALANCE SHEET

WITH SINCERE REGARDS

Calvin Tan

PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE AND CAREFUL INVESTIGATION OR CONSULT YOUR REMISIER/FUND MANAGER

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