THE INVESTMENT APPROACH OF CALVIN TAN

TSH RESOURCES (9509) POSITIVE DEVELOPMENTS BY PRO-ACTIVE MANAGEMENT POINT TO A BRIGHTER FUTURE, Calvin Tan

calvintaneng
Publish date: Thu, 10 Aug 2023, 10:18 PM
calvintaneng
0 1,780
Hi Guys,

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

Dear friends of i3 Forum,


We see positive developments in TSH Resources.


And here you go


1) ANNUAL REPORT OF 2022 SHOWS TAN SOON HONG (TSH) FAMILY BOUGHT MORE SHARES OF TSH BY EXTRA 4% OR OVER 55 MILLION TSH SHARES


Refer to Bursa 2021 Top 30 holders


See


THIRTY (30) LARGEST SHAREHOLDERS


1. RHB Capital Nominees (Tempatan) Sdn. Bhd.

Pledged securities account for Tan Aik Pen

139,396,991 10.10

2. Alliancegroup Nominees (Tempatan) Sdn. Bhd.

Pledged securities account for Tan Aik Pen

73,944,824 5.36

3. Embun Yakin Sdn. Bhd. 67,403,359 4.88

4. Tan Aik Kiong 55,284,987 4.01

5. Maybank Nominees (Tempatan) Sdn. Bhd.

Tan Aik Yong

53,949,717 3.91

6. Tan Aik Sim 53,371,564 3.87

7. Cartaban Nominees (Asing) Sdn. Bhd.

Exempt an for LGT Bank AG (Foreign)

47,921,981 3.47

8. Citigroup Nominees (Asing) Sdn. Bhd.

Exempt An for UBS AG Singapore (Foreign)

47,409,862 3.44

9. Citigroup Nominees (Tempatan) Sdn. Bhd.

Employees Provident Fund Board

44,671,148 3.24

10. Maybank Nominees (Asing) Sdn. Bhd.

Walton Private Investment Limited

38,483,958 2.79

11. Lembaga Tabung Haji 37,789,300 2.74

12. Tan Ah Seng 36,654,089 2.66

13. Tan Ek Huat 35,934,718 2.60

14. Amsec Nominees (Tempatan) Sdn. Bhd.

Pledged securities account – Ambank (M) Berhad for Tan Aik Pen

34,013,279 2.46

15. Tan Aik Choon 29,212,658 2.12

16. Citigroup Nominees (Asing) Sdn Bhd UBS AG 29,041,900 2.10

17. Maybank Nominees (Asing) Sdn. Bhd. L&P Bakri Inc. 28,117,200 2.04

18. UOB Kay Hian Nominees (Asing) Sdn. Bhd.

Exempt an for UOB Kay Hian Pte Ltd

26,595,358 1.93

19. Tan Aik Hwa 23,441,139 1.70

20. Tan Soon Hong 22,914,835 1.66

21. Tunas Lestari Sdn. Bhd. 16,171,300 1.17

22 Amanahraya Trustees Berhad

Public Strategic Smallcap Fund

13,000,000 0.94

23. Teo Han Ching @ Teo Jin Hwa 11,805,000 0.86

24. Amanahraya Trustees Berhad

Public Smallcap Fund

10,138,250 0.73

25. Tan Aik Hwa 9,609,000 0.70

26. Amanahraya Trustees Berhad

Public Islamic Select Treasures Fund

8,975,200 0.65

27. Tan Aik Yong 8,905,000 0.65

28. HSBC Nominees (Asing) Sdn. Bhd.

J.P. Morgan Securities PLC

8,541,000 0.62

29. Tan Aik Pen 7,800,000 0.57

30. Amsec Nominees (Tempatan) Sdn. Bhd.

Ambank (M) Berhad (Hedging)

7,280,600 0.53



Out of 30 slots 14 are taken up by TAN FAMILY

Total is 42.37%


Now see Year 2022 Annual Report


THIRTY (30) LARGEST SHAREHOLDERS

1. RHB Capital Nominees (Tempatan) Sdn. Bhd.

Tan Aik Pen

112,000,000 8.11

2. RHB Capital Nominees (Tempatan) Sdn. Bhd.

Pledged securities account for Tan Aik Pen

82,546,991 5.98

3. Tan Aik Pen 55,800,000 4.04

4. Tan Aik Kiong 55,438,695 4.02

5. Tan Aik Yong 54,000,717 3.91

6. Alliancegroup Nominees (Tempatan) Sdn. Bhd.

Pledged securities account for Tan Aik Pen

53,944,824 3.91

7. Tan Aik Sim 53,371,564 3.87

8. Citigroup Nominees (Asing) Sdn. Bhd.

Exempt an for UBS AG Singapore

47,409,862 3.44

9. Maybank Nominees (Asing) Sdn. Bhd.

Walton Private Investment Limited

38,483,958 2.79

10. Tan Ah Seng 36,654,089 2.66

11. UOB Kay Hian Nominees (Asing) Sdn. Bhd.

Exempt an for UOB Kay Hian Pte. Ltd.

36,486,358 2.64

12. Tan Ek Huat 35,934,718 2.60

13. Lembaga Tabung Haji 31,586,100 2.29

14. Maybank Nominees (Asing) Sdn. Bhd.

L&P Bakri Inc.

28,117,200 2.04

15. Amsec Nominees (Tempatan) Sdn. Bhd.

Pledged securities account – AmBank (M) Berhad for Tan Aik Pen

28,013,279 2.03

16. Tan Aik Hwa 23,441,139 1.70

17. Tan Soon Hong 22,914,835 1.66

18. Amanahraya Trustees Berhad

Public Islamic Opportunities Fund

18,064,200 1.31

19. DB (Malaysia) Nominee (Tempatan) Sendirian Berhad

Deutsche Trustees Malaysia Berhad for Eastspring Investments

Small-Cap Fund

15,028,300 1.09

20. Amanahraya Trustees Berhad

Public Smallcap Fund

13,585,550 0.98

21. UOB Kay Hian Nominees (Asing) Sdn. Bhd.

Exempt an for UOB Kay Hian Pte. Ltd.

13,100,000 0.95

22. Teo Han Ching @ Teo Jin Hwa 11,805,000 0.86

23. Cartaban Nominees (Asing) Sdn. Bhd.

Exempt an for LGT Bank AG

11,096,500 0.80

24. Tan Aik Hwa 10,480,000 0.76

25. Tan Aik Yong 9,304,000 0.67

26. Cartaban Nominees (Tempatan) Sdn. Bhd.

PAMB for Prulink Equity Fund

9,061,000 0.66

27. Amanahraya Trustees Berhad

Public Islamic Select Treasures Fund

8,975,200 0.65

28. Cartaban Nominees (Asing) Sdn. Bhd.

SSBT Fund TCT9 for California State Teachers Retirement System

6,699,100 0.49

29. Tan Aik Yong 6,250,000 0.45

30. Citigroup Nominees (Asing) Sdn. Bhd.

UBS AG

6,214,800 0.45


In year 2022  TAN FAMILY INCREASED ITS SLOTS FROM 14 TO 15 OUT OF 30


AND TOTAL PERCENTAGE UP FROM 42.37% TO 46.37% (UP BY EXTRA 4% WITH OVER ADDITIONAL 55 MILLION TSH SHARES COMPARED TO YEAR 2021


This clearly proves that Naysayers in year 2022 were wrong to say Directors have been buying but at the same time selling through proxies.

This AR has finally put to rest that DIRECTORS OF TSH HAVE BEEN POSITIVELY BUYING


2. TSH ACTIVELY PARED DOWN BORROWINGS


The disposal of Sabah & Bulugan Lands for Rm248 Millions & Rm731.09 Millions have shored up the Cash position of TSH & pared down TSH debt to a mere Rm95 Millions


HUGE SAVINGS FROM HIGH BANK INTEREST RATES & RESULT IN NEXT: 


3. GIVING OUT DIVIDENDS


TSH HAS INCREASED ITS DIVIDENDS PAYOUT LATELY 


4. PRO-ACTIVE DUAL LISTING IN SINGAPORE!


And the purpose is to encourage more Competent Analysts from Singapore which will do justice to TSH & Palm Oil Shares (Unfortunately Malaysia Research houses mostly neutral on palm oil


In Singapore hopefully TSH will be accorded a fairer write up by Research Houses over there since they are more sanguine


And Oversea  Palm Oil actually in Bull Run


See Ghana Benso Palm OIl Chart


Benso Oil Palm Plantation Ltd.BOPP (Ghana Stock Exchange)

search
  • 12:00 AM D 08/09/23
  • 14.00 GHS 
  • 0.00 0.00%
  • Volume 100
  • 65 Day Avg Vol 753
  • 1 Day Range 14.00 - 14.00
  • 52 Week Range 6.00 - 14.11 (08/15/22 - 07/03/23)
  •  
GH:BOPP₵14.00
Aug 3 Aug 7 Aug 8 Au

NIGERIA


Okomu Oil Palm Company PLC

OKOMUOI.LG
trading higher 238.5 NGN
Latest Trade

52 Week Range150.80 - 288.00



IN SPORE PALM OIL PRICES LIKE WILMAR, FIRST RESOURCES, GOLDEN AGRI AND BUMITAMA AGRI ARE ALL UP


BUMITAMA AGRI?


Ok we quote from Comments from BUMITAMA Agri Forum i3 Forum SGX




kelvin_ik4u
  Plam oil is always like that , start plant require cash/fund/debts to build empire . Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs. This counter will be the next shine palm oil for this year.. it's CAGR 21% compounding for next 3 yrs, now Bumitama just sit and collect money as all it palm tree is 6-7yrs now with FFB nucleus oil >24%, 107% growth vs Q1'FY13. Strongly believe this counter will start give dividents moving forward. Since CPO price is up ard ~RM2700/tan metric, I believe will share price will skyrocket this yr. Target $2.00 before end of this year 2014.
19/05/2014 6:16 PM


AND THESE ARE OUR COMMENTS IN BPLANT IF YOU MISSED


calvintaneng

At what level or stage is Bplant now?


Stage one

Early days. Bplant needs to borrow heavily to buy lands. Then do land clearing and plant palm oil. Very heavy capital is involved and high borrowing entails high loan payment for many years as Palm oil is very capital intensive

After planting the first four years will see no earning but more capital outlay


Stage two

Bplant starts to reap at year five. All earnings go to pay bank loans leaving little as dividends


Stage three

After many years loans are gradually paid down while palm oil starts producing more and more Ffb

Now can pay a modest dividend


Stage four

As lands in the direction of growth becomes too valuable for planting Bplant sells those in Peninsular for development and use the proceeds to reinvest in cheaper lands in Sabah


Stage five

Some of these Peninsular lands now so valuable so Bplant sells to encash great profits to give very good dividends


Stage six

sometimes bigger palm oil company will pay premium prices to buy over smaller palm oil co for expansion

example is Klk paying Rm3.10 to buy over Ijmplant from Rm1.86


Stage 7

Bplant major shareholder Ltat might now sell more palm oil lands to get needed cash or outright sale of Bplant if price is right

I think bplant now at stage five to seven


AND MORE COMMENTS


calvintaneng

Since palm oil investing is quite simple and transparent the best time to buy bplant was at stage 3 to stage 4.

when high cash from fruitful harvest starts to pay down borrowing and land bank prices up after development in the direction of growth reaches those palm oil lands and they become too valuable for planting

now Bplant has reached stage 6 and 7 and all can see value being unlocked

but to buy now is no longer cheap at Rm1.19 ( was only 57 sen in year 2021)

that is why it is safer and better to buy Thplant, Jtiasa and Tsh resources and others when they are still at Stage 3 & 4 while prices still cheap and undemanding


calvintaneng

bplant at Rm1.19 is no longer cheap like 57 sen in year 2021

since then bplant also gave out more than 20 sen dividend

1 day ago


calvintaneng

John

I did not tell Eagle Group to sell all Bplant to buy Thplant, Tsh resources and Jtiasa

I told them to sell some and keep some for higher prices

My Johor Sifu used to teach this

say buy 100 lots or 1000 lots of a value share

then hold and if price doubled up 100% then sell 50% or half to get back original cost and the rest will be free shares for life

as for Thplant, Jtiasa and Tsh resources they are large plantation land owners just like Bplant

of course we are aware their earnings might not match Innoplant, Klk or Uplant

but we are Value investors first and foremost then second is growth

23 hours ago


calvintaneng

and we have selected these top 10 palm oil with more than 200,000 acres landbank like

1.Bplant (220,000 acres)

2 .Thplant (240,000 acres)

3. Jtiasa ( 206,000 acres)

above three are mispriced second liners among penny stocks

( now due to value unlocking Bplant no longer a penny stock )

others with huge landbanks are Ioi corp, Simeplant (world biggest plantation holders), Sop, Fgv ( very undervalue like bplant) and Hs plant (only one with just about 100,000 acres), Tsh resources ( ultimate holder of highest value land banks in Nusantara )the new capital of Indonesia and Taann ( this one bought all it's land by cash through sweat and blood)

We are bullish in all 10 above longer term

23 hours ago


calvintaneng

No one knows ultimately how long and when Bplant will sell more lands to unlock value or be sold off in total outright like Ijm corp sold Ijmplant to Klk

it will take time

time is always on the side of value investors and not margin or contra traders

23 hours ago


NOW PLEASE GO GIVE A POSITIVE VOTE FOR TSH RESOURSES EGM ON 28 AUGUST 2023 FOR DUEL LISTING IN SINGAPORE


TSH COMES FROM THE HOKKIEN NAME


TAN SOON HONG


SOON AS IN SMOOTH OR FAVOURABLE

HONG AS IN WIND


SOON HONG OR SOONG FUNG (IN CANTONESE)

TELLS US OF FAVOURABLE WIND

TSH IS LISTED IN MALAYSIA

WITH OPERATIONS SPREAD OVER TO INDONESIA


ABOUT TIME THE WORLD NEEDS TO KNOW ITS UPCOMING GOOD PROSPECTS


SO IT IS GOING FOR A DUAL LISTING IN SINGAPORE


Kind Regards


Calvin Tan


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


NOTE: DIRECTOR LIM FOOK HIN IN YEAR 2022 ADDED 500,000 SHARES OF TSH TO 2.1 MILLION TSH SHARES ABOUT RM1.10


DIRECTOR TAN AIK YONG ADDED 16 MILLION TSH SHARES AT AVERAGE PRICE OF RM1.643


DIRECTOR KELVIN TAN AIK PEN HAS INCREASED HIS TSH SHARES SUBSTANTIALLY TO 340 MILLION


ALL THESE ARE BULLISH AND PUT MORE PERSONAL MONIES INTO TSH


WHERE YOUR TREASURE IS THERE WILL BE YOUR HEART ALSO



FINAL NOTE:


OF COURSE THE THINGS OF EARTH ARE TEMPORAL AND THE THINGS UNSEEN ARE ETERNAL

HOWEVER WE ARE TOLD TO BE GOOD STEWARTS ON EARTH AND THEREFORE WE ARE TO INVEST WISELY

Discussions
Be the first to like this. Showing 4 of 4 comments

calvintaneng

Reposted Article: OIL PALM STOCKS IN Bull Run Time: Those Prepared with Biggest Capacity Will Always Excel More Than Others, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-11-04-story-h1593687704-Reposted_Article_OIL_PALM_STOCKS_IN_Bull_Run_Time_Those_Prepared_with_B

2023-08-10 22:34

calvintaneng

NOTE: DIRECTOR LIM FOOK HIN IN YEAR 2022 ADDED 500,000 SHARES OF TSH TO 2.1 MILLION TSH SHARES ABOUT RM1.10



DIRECTOR TAN AIK YONG ADDED 16 MILLION TSH SHARES AT AVERAGE PRICE OF RM1.643



DIRECTOR KELVIN TAN AIK PEN HAS INCREASED HIS TSH SHARES SUBSTANTIALLY TO 340 MILLION



ALL THESE ARE BULLISH AND PUT MORE PERSONAL MONIES INTO TSH

see this carefully

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-12-15-story-h1595602911-TOP_10_VALUABLE_INVESTMENT_SECRETS_MY_JOHOR_SIFU_TAUGHT_ME_5_RIDING_ON_

2023-08-10 23:35

wallstreetrookieNEW

No one cares @calvintaeng. You need to treat your drug addiction. It is getting out of control

2023-08-10 23:59

calvintaneng

Lol!

At least you care enough to post your opinion

2023-08-11 00:04

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