THE INVESTMENT APPROACH OF CALVIN TAN

JAYA TIASA (4383) at 79 SEN VERSUS EWEIN (7429) at Rm1.31 Compare & Contrast their Value & Price, Calvin Tan

calvintaneng
Publish date: Thu, 07 Sep 2023, 11:32 PM
calvintaneng
0 1,859
Hi Guys,

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

Dear friends of i3 Forum


To-night we shall look and compare the fundamental of Two Stocks: Jaya Tiasa at 79 sen (Palm oil) versus Ewein at Rm1.31(property)


1) JAYA TIASA (Refer Bursa website)


SUMMARY OF KEY FINANCIAL INFORMATION

30 Jun 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR

CORRESPONDING

QUARTER

CURRENT YEAR TO DATE
PRECEDING YEAR

CORRESPONDING

PERIOD

30 Jun 2023
30 Jun 2022
30 Jun 2023
30 Jun 2022
$$'000
$$'000
$$'000
$$'000
1
Revenue
199,019
245,464
845,166
810,770
2
Profit/(loss) before tax
40,331
52,750
168,792
200,558
3
Profit/(loss) for the period
60,161
40,972
153,628
134,413
4
Profit/(loss) attributable to ordinary equity holders of the parent
60,067
41,010
153,639
134,556
5
Basic earnings/(loss) per share (Subunit)
6.21
4.24
15.87
13.90
6
Proposed/Declared dividend per share (Subunit)
1.70
2.80
3.20
2.80
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 ($$)
1.4300
1.3100


From above to see Jtiasa got profit of 6.21 sen


Annualised 6.21 x 4 = 24.84 sen


At 79 sen its P/E is


79 divides by 24.84


= 3.18


It will take you only 3.18 years to double your money


Putting your money in Bank FD rate also got P/E

just divide 100 by 3 = 33.3


it will take you 33.3 years to double your money. Not enough to cover inflation which will degrade all paper currency value


Of course it has a one off gain from accounting and even so its p/e is below 5


Jtiasa at 79 sen with NAV of Rm1.43 is selling at 45% discount to NTA. With huge margin of safety


Also this month Jtiasa is giving a 1.7 sen dividend


By P/E, Discount to NTA & a small dividend we see a healthy Jtiasa


2) EWEIN

























































SUMMARY OF KEY FINANCIAL INFORMATION

30 Jun 2023

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR

CORRESPONDING

QUARTER

CURRENT YEAR TO DATE
PRECEDING YEAR

CORRESPONDING

PERIOD

30 Jun 2023
30 Jun 2022
30 Jun 2023
30 Jun 2022
$$'000
$$'000
$$'000
$$'000
1
Revenue
7,789
8,961
15,284
18,296
2
Profit/(loss) before tax
831
-562
1,823
88
3
Profit/(loss) for the period
609
-923
1,325
-591
4
Profit/(loss) attributable to ordinary equity holders of the parent
609
-923
1,325
-591
5
Basic earnings/(loss) per share (Subunit)
0.20
-0.31
0.44
-0.20
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 ($$)
0.8300
0.8300








This qtr EWEIN earned 0.2 sen

Annualised 0.8 sen (Not even 1 sen profit?

At Rm1.31

131/0.8

= 163 P/E

It will take EWEIN 163 Years to double your money. That is quite horrible indeed

Also EWEIN at Rm1.31 with NAV only 83 sen is selling way above NTA (no margin of safety as a property share)

And pay no dividend. 

From above we see Ewein is now chased up far above its intrinsic value & will eventually go down to where it went up as a pump and dump

Better avoid!


Best regards

Calvin Tan


Please buy or sell after doing your own due diligent and careful study
Discussions
Be the first to like this. Showing 5 of 5 comments

stockraiders

Good fundamental analysis for both stocks. Unfortunately, the trend is now very much in Ewein's favour.

2023-09-08 07:54

calvintaneng

Of course where there is operator pushing up like Gpacket at Rm1.60 (now below 10 sen) and Mmag also Rm1.60 (now less than 5 sen) hot pump and dump will continue to see manipulation

but once time is up can go double limit down like Jaden

Eventually those who overstayed (90% or more who buy into greater fool theory ) will lose out

2023-09-08 11:12

calvintaneng

Post removed.Why?

2023-11-23 09:22

kohcl130562

any projected Jtiasa profit for last Q? When are they releasing the results?

2023-11-23 09:26

calvintaneng

Post removed.Why?

2023-11-23 12:58

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