THE INVESTMENT APPROACH OF CALVIN TAN

TSH RESOURCES (9059) Latest Balance Sheet shows only a Net Debt of only Rm51 Millions (Best Ever!), Calvin Tan

calvintaneng
Publish date: Fri, 24 Nov 2023, 01:27 AM
calvintaneng
0 1,776
Hi Guys,

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

Dear Friends of i3 Forum

Latest Results out!

Let's go SEE Tsh latest balance sheet


This qtr profit 2.14 sen (Up 77% QtQ)

NAV is Rm1.48

At Rm1.00 TSH is selling at 33% Discount to NTA. Qualifies Ben Graham required 30% Discount as a margin of safety


Ok now see the details

{Refer Bursa announcement) TSH RESOURCES


Current loans/borrowings -----------Rm124,687,000

Non current borrowings--------------Rm289,854,000

Total Debt = Rm414.541 Milions


Now SEE Cash/Cash equivalents


Cash/bank balances..............RmRm322,988,000

Short term Funds..................Rm5,304,000

Investment securities............Rm27,430,000

Other current assets.............RmRm7,179,000


Total Cash/And Cash equivalents = Rm362,901,000


Total Debt Rm414.541 Millions Less Total Cash Rm362.901 Millions

= Rm51.64  Millions!


Fantastic Feat Indeed!


Very soon even from normal operations TSH RESOURCES will soon see NET DEBT TURNS INTO NET CASH


See point number 7 

Under Corporate proposal

Sale of Bulugan Land Rm731.09 Millions

Actual Cash Received to Date: Rm457.499 Millions (Ulitize as replanting, Infrar work & to pare down bank loans)


Note further

Corporate proposal 

7a) Rm273.588 Millions (Still to be received)

Payment extended to July 4, 2024

When this Cash comes in then TSH will turn into NET CASH COMPANY with more than 20 Sen Cash


Meanwhile

In IKN NUSANTARA

TSH's 94,700 Acres Lands (About 52% of Spore Land Size of 180,000 Acres) Book Value as low as Rm5K per acre bought 15 years ago in year 2008


Is now going up in Value as New Capital City progresses by leaps & bounds


TSH, after Bplant, is now FULL OF VALUE

But more than that

TSH monthly FFB (Fresh Fruit Bunches) now 80,000 tonnes

According to HLIB IB interview TSH cost of CPO production was Rm2K to Rm2.2K per ton

Current CPO at Rm3,900 per ton shows a gross profit of Rm1.7K to Rm1.9K

So TSH seeing a gross profit of 80% to 90%


TSH has Both VALUE & GROWTH

SO THAT'S IT

TSH has morphed into A Value Growth Stock

And more!

After INNOPRISE PLANT turned debt free Net Cash INNO turns into a Dividend Cash COW

Will we see 3 in alignment?

Value + Growth + Dividend for TSH?

Yes!

The prime average age of TSH Oil Palm now is 12 years old

It will bear good harvest for next 13 years till age 25 before any need to replant old trees

Currently, TSH is expanding into New Planting of existing available raw lands with its high yielding seedlings


So  from all angles TSH is turning for the better for years to come


Best regards

Calvin Tan


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


SABAH GOVT APPOINTED TSH BOD TO MANAGE INNOPRISE PLANT IN YEAR 2007

INNO  IS THE MOST SUCCESSFUL GOVT LINKED GLC IN MALAYSIA

 

Take a look at the Inworkings of INNO

 

https://www.youtube.com/watch?v=PDMUaI8-ILI


Other Prevailing Forces that support Palm Oil


USA pivoting to Renewable Green Energy is Using Lots and Lots of Soybean Oil as Biofuel

And it has now turn into a Net Importer of Soybean Oil

With one rival vege oil taken out Cpo prices will rise higher


Also Indonesia is pivoting from Crude oil Fossil Fuel to Palm Oil as Biofuel to save on foreign exchange

Now B30 turns into B35. By the time B100 arrives it would have taken up 70% of all Cpo Indonesia exported

The remaining 30% will be for domestic cooking oil use - leaving little for export

So there is a long term favourable booster for Palm oil like never before.


Indonesia to Use Biodiesel 35 Starting August

Translator

Ririe Ranggasari

Editor

Mahinda Arkyasa

1 August 2023 00:09 WIB

TEMPO.CO, Jakarta - The government will apply biodiesel 35 or B35 simultaneously nationwide starting Tuesday, August 1. B35 is a fuel with 35 percent biofuel (BBN) mixed into fuel oil (BBM). The B35 was first launched on February 1 this year.


US shifts to net soybean oil importer on biofuel boom: Foreign Agricultural Service

US soybean oil derivative exports for MY 2023-24 was estimated in FAS' latest report at 159,000 mt, against imports of 181,000 mt, again making the country a net importer of soybean oil. The US' consumption of soybean oil projection has also been revised upwards to 12.29 million mt from 12.02 million mt, primarily led by usage in biofuels.

According to the FAS, increased in renewable diesel production driven by low-carbon fuel mandates has led to growing domestic demand for soybean oil, suppressing exports and pushing US out of global export market. The US became a net importer of soybean oil for the first time in history in 2022-23 by a slight margin, when imports stood at 170,000 mt against exports of 168,000 mt. The shifts came amid higher Environmental Protection Agency multiyear biofuel blending targets.




Discussions
Be the first to like this. Showing 12 of 12 comments

calvintaneng

IKN NUSANTARA VERUS PUTRAJAYA

https://www.youtube.com/watch?v=r6YN0yXHmuQ

2023-11-24 01:29

calvintaneng

RISE OF NEW ADMIN CAPITAL (INDONESIA)

https://www.youtube.com/watch?v=BUSD0kxKqCc

2023-11-24 01:32

calvintaneng

1ST HIGHSPEED RAIL IN SOUTH EAST ASIA

BUILT BY INDONESIA!

https://www.youtube.com/watch?v=bkcgW4RdjR0

2023-11-24 01:33

calvintaneng

Price is what you pay. Value is what you get.

2023-11-24 10:57

ahbah

TSH got cocoa which is now in a solid bull run for oredi 1 yr lah !

2023-11-24 12:25

calvintaneng

Ahbah ahbah

You are so clever!

👏
👏
👏

2023-11-24 15:38

ahbah

ahbah is just a small kampong kid onli, simply close eyes and tembak tembak onli, tak bolih harap what ahbah say lah.

2023-11-24 21:55

calvintaneng

calvintaneng

How nice to know TSH RESOURCES got 94,700 Acres Lands in IKN NUSANTARA

Book Value about Rm5,000 per acre (Current market value as high as Rm1 Million per acre

See

https://www.youtube.com/watch?v=P27JpoUUUsw

Investing like this now we know why Warren Buffet said, "I know I will be rich"

6 days ago

stockraider

This useless 3iii has been targeting sifu calvin tan with his bias comment for a long time loh!
3iii should look into the mirror and reflect how are the performance of his top holding Dlady & Nestle since 2017, b4 making unfair & unjustify comment at sifu calvin loh!

Btw sifu calvin have make many many successful call buy & alot of people benefited from his pick including raider loh!

The recent sifu calvin calls on high exposure on plantations are very strategic & defensive and it is meant to protect investors from simply buying into rubbish & overvalue stocks mah!

Buying into plantation co.....which have big exposure to finite land at very cheap price is a very intelligent way for long term fundamental investors loh!

Some of great plantation call by sifu calvin & already proven bringing in very good return todate are bplant & jtiasa mah!

I believe calvin tan huge call on TSH will start to bring huge return loh!
General Raider has followed calvin & bought into TSH at Rm 1.01 and Cepat at Rm 0.71, and General raider is very confident good tidings are coming loh!

Do not listen to the naysayers like 3iii, See and Mike as there serve no purpose in your successful money making scheme mah!

5 days ago

Balian de Ibelin

Raider
You went bankrupt and Calvin helped you.
Each and every person inside i3 forums knows this.

Thats why you helped Calvin in the NetX dodgy deal.
Now you again help Calvin, defending against 3iii.

Its time for you to stop hammering in those coffin nails into Calvin's coffin.
Calvin will be buried without your help.
You help Calvin = Means Calvin is guilty, everyone knows this.

5 days ago

Seeking

Jokowi’s pet project Nusantara will have smooth implementation with his son Gibran winning the vice president post.

5 days ago

stockraider

General Raider & Calvin Tan are Great Allies bcos we share many common success criteria mah!

Btw Calvin Tan has knack of picking great stocks, thus in order to be successful u should careful go thru Calvin Usual Great Pick & pick some to follow mah!

5 days ago

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