Dear friends of i3 Investor Forum,

It has been perpetuated for the whole time by Spammers in TSH RESOURCES FORUM that Calvin cost of purchase for TSH RESOURCES is Rm1.80. And therefore he has been trying to get people to push up for him to escape

Since it has been spammed a thousand times the "lies" have been ingrained as the "truth"

And do you want the truth? The real truth? The whole truth?

So here it is for all to read and "SEE THE TRUTH"

REPOSTED ARTICLE: CALVIN TAN ON: THE INTRINSIC VALUE OF TSH RESOURCES

calvintaneng

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

calvintaneng

Dear Investors & Traders of i3 Forum (Pease read to the very end as we are typing now from Singapore)

Many have wondered why we are bullish on Tsh Resources after IjmPlant was taken over by KLK at Rm3.10

Many do superficial reading on TSH NAV to be only Rm1.06 and price now at Rm1.04 to be not worth much

See what people see below

31 Mar 2021

A careless perusal will show only Rm1.06 NAV

But Dig Deeper

How?

You must compare Apple with Apple & Orange with Orange

Now See IJM PLANT NAV Below

As you can see above IJMPLANT NAV IS ONLY RM1.63

THEN WHY SHOULD IJMPLANT BE WORTH RM3.20 (RM3.10 Plus 10 Sen Dividen) WHEN KLK OFFERED

RM1.63 NAV & TAKEOVER OFFER IS RM3.20 (Or 96% Above Net Asset Value??)

Now we think TSH & IJMPLANT Are Very Similar in their Assets & Earnings

Both TSH & IJMPLANT Estates are Located in Sabah, Kalimantan & Sumatra

Since they go over to Indonesia they stay close to each other. Just as in early times from China Coastal Cities arrived early Immigrants to Malaya & stayed in coastal Towns like Penang, Kelang & Johor (Just check: these speak the Hokkien Dialects)

Later in year 1848 Long Jaffar founded Tin in Larut & also the Sungai Besi Tin Mines in KL. These drew in Chinese from Guandong who are more business minded. Today the Chinese of Klang Valley (KL) & Kinta Valley (Ipoh) Speak the Cantonese Dialect

The Indians also congregated in Brickfields, Sentul & the Little India of Singapore.

The British?

They liked cooler mountain airs so they named Cameron Highland, Maxwell Hill, Fraser Hill & others.

Port & States  were called Port Swettenham (today Port Klang), Province Wellesley (Now Prai)

And so are TSH & IJMPLANT & KLK & WILMAR (They cluster around)

So if IJMPLANT is worth 96% more then can we value TSH Rm1.04 X 96% more

or Rm2.03

Is the Intrinsic Value of TSH Rm2.03 then?

Ok we dig deeper and further

2) When TSH Disposes Assets only then We see its Real Value Surface

Recently TSH sold 2 Palm Oil Estates

Let's go check them up

1. and 
2. Sale and Purchase Agreement between TSH Plantation Sdn. Bhd. and SKSB for the proposed disposal of 1 palm oil mill equipped with plant and machinery, together with furniture, vehicle and heavy machinery known as Lahad Datu Palm Oil Mill for a cash consideration of RM20 million. 

See IJMPLANT Price history

YEAR...LOWEST PRICE...HIGHEST PRICE

2004..Rm1.00........Rm1.40

2005...0.91.........Rm1.20

2006..Rm1.02........Rm1.66

2007..Rm1.36........Rm3.25

2008..Rm1.19........Rm4.01

2009..Rm1.81........Rm2.89

2010..Rm2.36........Rm3.14

2011..Rm2.38........Rm3.24

2012..Rm2.63........Rm3.77

2013..Rm2.75........Rm3.62

2014,,Rm3.11........Rm4.03

As you can see both in Years 2008 & 2014 IjMPLANT CROSSED THE RM4.00 MARK

NOW JUST AS IJMPLANT CROSSED RM4.00 IN GOOD YEARS TSH RESOURCES SHARE PRICE ALSO CROSSED RM4.00 JUST LIKE IJMPLANT DID THEN

See

TSH RESOURCES PRICE HISTORY

YEAR....LOWEST PRICE...HIGHEST PRICE

2004.....0.45.................1.01

2005....0.63..................1.05

2006....0.60..................1.05

2007....0.77..................1.65

2008....0.55..................1.94

2009....0.66...................1.00

2010....0.84...................1.46

2011....1.33...................2.04

2012....1.87...................2.87

2013....2.05...................3.13

2014....2.72...................4.00

So in year 2014 when IJMPLANT was Rm4.03 TSH RESOURCES SHARE PRICE ALSO REACHED RM4.00

THAT IS WHY THERE IS A HIGH POSSIBILITY TSH RESOURCES SHOULD REACH RM2.00 IN THIS COMING PALM OIL BULL RUN & CAN ALSO GO UP HIGHER

KLK HAS TAKEN OVER IJMPLANT AT RM3.20 (ITS PEAK CYCLE REACHED RM4.00)

TSH ALSO REACHED RM4.00 AT PEAK CYCLE

BUT WHY DO WE NOT ASSIGN TSH AS SAME WITH WITH IJMPLANT AT RM3.20 INTRINSIC VALUE

WHY ONLY RM2.00?

ANSWER:

BECAUSE TSH GAVE ONE FREE BONUS FOR TWO SHARES HELD WHILE IJMPLANT DID NOT

SO WE THINK RM2.00 IS A VERY FAIR INTRINSIC VALUE FOR TSH AT THE VERY LEAST

Best Regards

Calvin

Please buy or Sell After doing your own due diligence. Or consult your Remisier/Fund Manager

PART TWO

CALVIN ADDITIONAL COMMENTS ON 20TH JANUARY 2024

OK GUYS

Take a good look at these words

Dear Investors & Traders of i3 Forum (Pease read to the very end as we are typing now from Singapore)

Many have wondered why we are bullish on Tsh Resources after IjmPlant was taken over by KLK at Rm3.10

Many do superficial reading on TSH NAV to be only Rm1.06 and price now at Rm1.04 to be not worth much

Read again

Many have wondered why we are bullish on Tsh Resources after IjmPlant was taken over by KLK at Rm3.10

Many do superficial reading on TSH NAV to be only Rm1.06 and price now at Rm1.04 to be not worth much

Read one more time

Many do superficial reading on TSH NAV to be only Rm1.06 and price now at Rm1.04 to be not worth much

AND READ THE FINAL TIME

 price now at Rm1.04 to be not worth much

OK NOW ONLY YOU SEE THE TRUTH! THE PRICE IS ONLY RM1.04 (NOT RM1.80 AS TOLD BY THE PERPETUAL LIAR!)

CALVIN'S COST IS NOT RM1.80 BUT BUY CALL WAS ONLY RM1.04

AND WHERE ARE THE PERPETUAL LIARS WHO KEPT HARPING CALVIN BOUGHT TSH AT RM1.80??

OK AT RM1.04 NOW SEE FURTHER

SINCE YEAR 2021 TSH HAS GIVEN THESE DIVIDENDS

TSH HAS GIVEN OUT A TOTAL OF 15 SEN DIVIDEND

SO ANYONE LESS 15 SEN THE COST IS 89 SEN

NOW OF COURSE CALVIN (PARDON MY USING 3RD PERSON PRONOUN) DID BUY ON THE WAY UP BUT AS PRICE SURGED UP THE PURCHASE WAS LESS

AND DO YOU KNOW?

AS TSH PRICES RETRACED CALVIN BOUGHT MORE. AND MORE BELOW RM1.00

ALSO TELLING ALL TO BUY

AGAIN MANY SEE NOTHING GOOD IN TSH UNTIL NOW

NEVER MIND AT ALL

IN YEAR 2020 APRIL CALVIN WAS INVITED TO JOIN FIFO WHATASPP GROUP

AND THE FIRST STOCK CALVIN BOUGHT AT RECOMMENDED TO FIFO PEOPLE WAS SUPERMAX (BOUGHT AT RM1.73)

PEOPLE IN FIFO THOUGHT CALVIN WANTED TO "FRONT RUN THEM"

JUST TOO BAD. SO MANY DID NOT BELIEVE. UNTIL TOO LATE WHEN SUPERMAX SHARE PRICE WENT UP THE STRATOSPHERE AT RM24.00

CALVIN SOLD SUPERMAX AT RM20.00 AND TOLD FIFO PEOPLE TO SELL

BUT NOW THEY WERE RELUCTANT TO LET GO

TOO BAD. SUPERMAX CRASHED BACK BELOW RM1.00 AFTER SPLIT BONUS.

SO NOW CALVIN SHOUTS TO ALL DEAR FELLOW FRATERNITY OF I3 FORUM

CALVIN SEES GREAT POTENTIAL AHEAD IN TSH RESOURCES

ONLY DIFFERENCE IS THIS

TSH RESOURCES IS NOT A CYCLICAL LIKE SUPERMAX

THEN LIKE WHAT

TSH RESOURCES WILL BE LIKE BPLANT

WHY BPLANT?

ANSWER:

BECAUSE LTAT TOOK BPLANT PRIVATE FOR ITS GOLD MIND LANDS IN SEBERANG PRAI NORTH

(BY THE WAY PENANG GOVT ALSO TRYING TO GET HOLD OF SIMEDARBY PLANT LAND IN SEBERANG PRAI SOUTH LANDS

ALL THESE ARE NOW GOLD MINE LANDS DUE TO LAND BOOM IN BATU KAWAN. BPLANT ALSO GOT GOOD LANDS NEAR KAJANG, PERAK & OTHER PLACES

BUT NOTHING COMPARED TO TSH'S 94,700 ACRES OF PRIME LANDS NEAR IKN NUSANTARA, THE NEW ADMIN CAPITAL OF INDONESIA

COST OF PURCHASE AND BOOK VALUE AS LOW AS 11 SEN PSF OR RM5,000 PER ACRE

CURRENT PRICE AS HIGH AS RM27 PSF OR RM1.17 MILLIONS PER ACRE

TRUE OR NOT TIME WILL TELL

BEST REGARDS TO ALL

CALVIN TAN

PLEASE  BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE OR CONSULT YOUR REMISIER, FUND MANAGER, ACCOUNTANT AND REAL ESTATE VALUER