THE INVESTMENT APPROACH OF CALVIN TAN
TSH RESOURCES (9059) TOP REASONS WHY IT WILL EXCEL, Calvin Tan
calvintaneng
Publish date: Mon, 18 Dec 2023, 09:34 PM
calvintaneng
0 1,873
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Reposted from www.eaglevisioninvest.com
Dear Investors,
It’s been quite awhile since we last posted on TSH Resources
And Things are getting better and better
1) TSH latest FFB is 80,000 tonnes
Annualised 960,000 tonnes
FFb current price is Rm700 a ton
So Revenue will be 960,000 x Rm700
= Rm672 Millions
If we take 30% profit it will be Rm201.6 Millions profit a year
It will be 14.6 sen profit a year
There is a saving of Bank int after Rm273 Million comes in before July 2024 and Profit should then be readjusted to 16 sen
If we give P/E 10 then TSH should have a fair value of Rm1.60
If we assign P/E 15 then Rm2.40
If P/E 20 then Rm3.20
2) By Next July 2024 Cash of Rm273 Millions Bulugan Land Sold translate to 18 sen Cash
This will make TSH debt free and cash rich
With all debts fully settled TSH can follow Innoprise Plant example of giving out good dividends
3) TSH has now done a Double Listing in Singapore
A good move as TSH has more operation in Indonesia like Bumitama & Golden Agri with Palm oil Operations in Singapore but listed in Singapore
Both Bumitama & Goldenagri are doing well
Our first purchase prices were
Bumitama 46 sen (Spore) now 59 sen or up 28.2%
Goldenagri 14 sen (Spore) now 26 sen or up 85.7%
Tsh Resources Rm1.09 now 97 sen or down by 11%
Hence we have taken profit in Golenagri & still holding Bumitama & with proceeds added more Laggard Tsh shares
3) TSH Resources have more Superior Lands than Bumitama & Goldenagri as it has 94,700 acres of Lands in Kutai (Now New Admin Capital of Indonesia)
And Tsh bought them 15 years ago in year 2008 when prices were dirt cheap as low as Rm5,000 per acre
Now Land prices have skyrocketed while TSH hass still not revalued these “Gold Mine Lands”
Hence TSH is the Best Kept Secret Value Investment we now focus on
land prices have risen these years by 1,000%
4.Bplant was 57 sen & now LTAT is offering to take it private at Rm1.55
Valuation shows Bplant has a Value of Rm2.60
TSH Resources’ Lands in Kutai/Nusantara if Revalued on day will show a Bigger Surprise
5. Buying & Holding Tsh has 3 advantages
It is now at growth stage.
Its dividends will now increase as no more bank loans to pay soon
Its Assets’ Value are growing due to its Excellent Location in IKN NUSANTARA
All these are compelling Reasons to Invest while prices are very undervalue
6. Directors/Insiders of TSH Resources have bought & loaded up to the Hilt
Director Lim Fook Hin (Accountant by training) has added 500,000 Tsh at Rm1.10 on Jan 2022 to make his holding 2.1 Million shares
Director Tan Aik Yong bought 16 Million Tsh shares at average price Rm1.643 to make his holding over 5%
Chairman Kelvin Tan Aik Pen bought until he has 340 Million Tsh shares. He bought as high as Rm1.79
Buying & following what Insidders/Directors’ buy has been the hall mark of future success
7. ALL THE PROSPECTS CURRENT & FUTURE have Caused Our Investment Focus to Target on TSH RESOURCES
This will be a Marathon Investment for years to come
TSH Resources owns a total of 94,700 Acres of Prime Lands in Kutai/Ikn Nusantara
at 43,560 sq ft per acre
So 94,700 x 43,560
= 4,125,132,000 sq ft
or more than 4.1 Billion Sq ft of lands
If Land prices just increase by Rm1.00 psf a year it will be Rm4.125 Bilions price appreciation
How much in Cash?
About Rm3.00 per share
What if Land prices increase by Rm5.00 or Rm10,00 per sq ft a year?
With Kind Regards
Calvin
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
Note: In Indonesia Cpo export got levy. However, this is compensated by Abundant Indon FFB harvesters
Plus minimum wage only 3.4 million rupiah or Rm1,028
This makes operation in Indonesia profitable especially for Upstream Planters like TSH Resources
Note:
In the late 1980s to early 1990s there were two investors who each made a decision
Allocation of capital
1) Mr. Pang from Cheras bought 2 shophouses in Bukit Beruntung
He heard news that a Bus Terminal will be built there but did not materialise
His investments failed
2) Mr. Chia (Now Datuk Chia) from Klang invested in 6 acres land in Sepang
His land prices appreciated by leaps and bought after Putrajaya, Cyberjaya & Sepang Airport were built
An Infrastructure development is of paramount importance for Land price appreciation
Therefore the selection of well located land assets will appreciate over time
This is the primary reason for investing in TSH Resources
It is the "Gold mine lands" that will give the ultimate Value
Meanwhile we can wait as it has now pared down all debts & give a dividend hopefully that will also exceed Bank FD rates
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
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Created by calvintaneng | Nov 27, 2024
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2023-12-18 21:55
2 errors need correction
1. Ffb 80,000 tonnes was for Oct 2023
Plus Both Bumitama and Goldenagri have operations in Kalimantan, Indonesia but listed in Singapore
So Tsh also got operation in Kalimantan and now dual list in Singapore
2023-12-18 22:13
And this is a true life story
Two persons made two different investments late 1980s and early 1990s
Mr. Pang of Cheras versus Mr Chia of Klang
Mr Pang bought 2 shophouses in Bukit Beruntung because he heard rumours either a Big Bus Depot or Airport will be built there.
Both did not materilize and his investments failed
Mr. Chia bought 5 acres of land in Sepang and today Putrajaya, Cyberjaya and Sepang Airport caused his land prices to skyrocketed
From 5 acres he added more till he has 50 acres land in Sepang today. And Mr Chia is now a datuk
Investing has got to do with future prospects and potential and it takes foresight to "see" into the future
2023-12-18 22:23
Our stories are based on facts
In the Annual Report of Tsh Resources they stated very very very clearly that Tsh got
Big Estates in Kutai Barat ( West) and one piece just over 14,000 Acres in Kutai Timor ( East)
These are now in Ikn Nusantara or its vicinity
As for Kgb all the jobs awarded are non transparent and shrouded in secrecy
2023-12-18 23:40
We spoke to Malaysian Bankers about Listed Companies trying to secure Bank loans or banking facilities for expansion
They will definitely ask the borrowing parties to furnish proofs as to who, where and what are the projects awarded
It cannot be
"
"A great company"
"An expert in the industry"
Or other such garbage or the loans will be rejected
Same goes for getting a job for employment
You cannot say "i graduated from top world university"
That is vague. You must name the university and to what levels or degrees you attained
And they can verify all by contacting the actual university to check up whether your credentials are true or not
Again, if you got a daughter to whom a guy might want to marry. Will you be statisfied if he claims to be "so rich and so clever" without giving any concrete proofs?
Of course not no matter how smart or rich he claims! If just so clever in words only
It amazes us people are so naive
It says," The simple (simpleton) believes everyone but a prudent person looks well to his goings
And a fool (simpleton) and his money are soon parted
2023-12-18 23:50
What we posted are backed by facts and figures
See Annual report of TSH Resources 2022
Scroll down to property Owned by TSH
See
Desa Rantau
Makmur, Tanjung
Labu
Kecamatan Rantau
Pulung
Kabupaten Kutai
Timur
Kalimantan Timur
Here TSH got
land
5,750 ha Oil Palm
Plantation
Book value Rm98,757,661
Let us do a calculation
Convert 5,750 hectares to acres by X 2.471
= 14,208.25 acres
Rm6,950 per acre
To get per sq ft cost divides by 43,560
= 15.9 sen
It was already 28 sen per sq ft in years 2015 to 2018
Now up by 10X to Rm2.80 psf
But what is the actual asking price of land here in Kutai East currently?
Now divides cost by land
=
2023-12-19 00:16
Rantau Pulung, Kalimantan
See land prices here
AREA PEMUKIMAN (Rp 300.000 / meter <nego>)
Dekat jalan umum 2 jalur
Surat PPAT
1 ha ( 50x200m)
Listrik PLN
Perumahan
It was 10,000 rupiah per meter
then it was 100,000 rupiah per meter (up 10 kali)
Now asking price has surged to 300,000 rupiah per meter
How much?
300,000 rupiah is Rm90.81
1 meter = 10.764 sq ft
To get cost divides price by land area
= Rm8.43 per sq ft asking price
TSH Book value still at unbelievable bargain 15.9 sen
2023-12-19 00:26
Rise of New admin Capital in IKN Nusantara
https://www.youtube.com/watch?v=lNkw1TZ4Svw
2023-12-19 00:41
New Highway from Balik Papan to Nusantara
Very fast
Built by highly skilled hard working Indon workers (some of the very best on planet earth today
https://www.youtube.com/watch?v=emPheUOCJ8Q
2023-12-19 00:43
New Airport being built in One Year
Very fast
In IKN NUSANTARA
https://www.youtube.com/watch?v=nTTJo9T6sWI
2023-12-19 00:45
NON STOP 24 HOUR BUILDING NIGHT AND DAY 24 HOURS IN NUSANTARA
https://www.youtube.com/watch?v=_IkpeYcCe1I
2023-12-19 00:49
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"
2024-02-16 20:59
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
Land prices in Kutai was only 28 sen per sq ft for years 2015 to 2018
By early 2022 it gone up 10x (times) or Rm2.80 psf
Now it is highly possible land prices can go up Rm1.00 psf before Official launch of Admin Hq Capital completion before End of 2024 when 17,000 Govt servants (first batch) will relocate to Ikn Nusantara
And if lands of Tsh just up another Rm1.00 psf it will be over Rm4.1 Billion price appreciation
It will be a net value gain by Rm3.00 per share
No one even thought Ltat will give Rm1.55 to take Bplant private when it was only 57 sen in year 2021
Not even one person expect Ubs Bank would buy up more than 5% of Bplant shares from the lofty price of Rm1.53 to Rm1.55
So no one knows in the future how high or who will be interested in Tsh resources
The best time to buy is when no body believe it like now when prices are so cheap and brimming with value
2023-12-18 21:43