Dear Friends of i3 Forum,

Today is the LORD's Day again

And an Introduction to this Message

Taken from Jaya Tiasa Forum tread

Multibagger

If we do a quick comparison on these few metrics,

1. Efficiency - net profit margin %, ROE

2. Cheapness - Market Cap / Free Cash Flow

3. Asset quality - yield per acre

JTiasa appears to be the winner among Taann, SOP and SWK Plant but lacking in terms of dividend yield ( as compared to Taann). When Jtiasa catch up on dividend payout, then it will be an obvious overall winner. Let's see if the one in control has this intention .

Hi Calvin,

I am still waiting for your article to support your suggestion on why TSH is more undervalued than Jtiasa that you mentioned not too long ago :)

2 hours ago

calvintaneng

Good morning Multibaggar

Today is the Christian Sabbath Day which we call THE LORD'S DAY and

is appointed as a Day of rest.

Since i read this i got a message. The Bible says, " The lines are fallen unto me in pleasant places; yes i have a goodly heritage (Psalm 16:6)

I shall follow up with A Sunday Sermon" to explain this in i3 forum

So see you later

Going for breakfast now

57 minutes ago

Had a nice "Dim Sum" Breakfast already

OK

Now for the Sermon

King James Bible

The lines are fallen unto me in pleasant places; yea, I have a goodly heritage.

Amplified Bible

The [boundary] lines [of the land] have fallen for me in pleasant places; Indeed, my heritage is beautiful to me.

NET Bible

It is as if I have been given fertile fields or received a beautiful tract of land.

New American Bible

Pleasant places were measured out for me; fair to me indeed is my inheritance.

Please Note: Calvin only endorse KJV (King James Version) as The BIBLE

Rest are mere translations to give better clarity

And quoted from JTIASA Forum

Multibagger

Hi Calvin,

I am still waiting for your article to support your suggestion on why TSH is more undervalued than Jtiasa that you mentioned not too long ago :)

2 hours ago

A GOOD QUESTION

"WHY TSH RESOURCES IS MORE UNDERVALUED THAN JTIASA THAT YOU MENTIONED NOT TOO LONG AGO?"

The above question brings me to Psalm 16:6

King James Bible

The lines are fallen unto me in pleasant places; yea, I have a goodly heritage.

Let Calvin illustrate

In year 1970 My family moved to Lorong Meranti, Off Jalan Kenanga 55100 KL

Whle my neighbour from Blue Boy Mansion, Changkat Thamby Dollar also shifted house to Lorong Maarof, Bangsar Park

My Family bought a First Floor Apartment for Rm18,000

My neighbour bought their 2 Storey House in Bangsar for Rm20,000

Fast forward 54 years later

A two storey house in Bangsar Park is listed in PropertyGuru for Rm2 Millions

Bangsar Park

Bangsar Park, Bangsar, Kuala LumpurSee on Map

RM 2,000,000

New American Bible

Pleasant places were measured out for me; fair to me indeed is my inheritance.

Now that means "THEY HAPPEN TO BUY IN A VERY VERY GOOD LOCATION"

Or the Location became very good in later years

As my neighbour wrote to me in year 1970 that Bangsar was quite an "ULU PLACE THEN"

Yes at that time in early years Bangsar was a rubber estate.

How things changed with the changing of time.

Now that is the Main Reason why TSH's Value will Overtake Jtiasa

TSH was fortunate to have bought many parcels of Oil Palm lands in Sabah, East Kalimantan & Sumatra as early as 2008 or earlier

It has bought 33,000 Acres in Bulugan Regency

When Indonesia chose Bulugan to be A New Green Tech Park TSH reaped a Windfall by selling Bulugan Lands for Industrial Park for Rm731.09 Millions - Instantly unlocking a Huge Profit of Rm465 Millions

Of this Rm273 Millions will come by July 4 2024. About 18 sen Net Cash to be reported

But something far far better than that YET TO COME!

TSH happened to buy 94,700 Acres of Lands near Ikn Nusantara - the New Admin Capital of Indonesa!

94700 acres how Big?

Compare it to Penang Island with 72,900 Acres

so 94700 divides by 72900 

= 1.3 Times

Can you SEE how BIG

TSH owns Lands in IKN NUSANTARA more than Penang Island by extra 30%

And How Much is the Land bought by TSH?

For that go see TSH Annual Report

Desa Rantau

Makmur, Tanjung Labu

Kecamatan Rantau Pulung

Kabupaten Kutai Timur

Kalimantan Timur

Plantation

land

5,750 ha

Rm98,757,661 

Date of Valuation: 22.02.2013

OK now we got the details & let's do a Break Down

First convert 

5,750 hectares to acres by Multiplying with 2.471

So 5750 X 2.471

= 14,208 acres

Now to get Price per Acre divide

Rm98,757,661 by 14,208

= Rm6,950 per acre

To get PSF (Per Sq Ft cost)

Divide Rm6,950 by 43,560

= 15.9 sen psf

AND WHAT IS THE CURRENT ASKING PRICE THERE?

See

Entrepreneurs, investors should partake in Nusantara development

Translator: Yashinta Difa, Raka Adji

Editor: Azis Kurmala

Copyright © ANTARA 2023

"IKN is our investment for the future, investment for the sustainability of Indonesia. However, the government cannot develop it alone; it requires the role and contribution of us all, especially entrepreneurs, investors, and CEOs," he stated in North Penajam Paser, East Kalimantan, on Thursday.

Jokowi made the statement at the Kompas 100 CEO Forum monitored online on Thursday.

The president noted that the total IKN development budget, which reaches US$33 billion, cannot be borne by the government alone.

To this end, the government is planning that 20 percent of the IKN development budget will be sourced from the state budget (APBN), while the remaining 80 percent will be from the government-private partnership scheme.

"I am happy that after the government started (the construction of IKN) two years ago, in the middle of this year, the private sector joined, carried out groundbreaking, and so on, and currently, we are still prioritizing (investment) from within the country first," he stated.

According to Jokowi, contribution of the private sector will accelerate the construction process of IKN that is forecast to be fully completed in 15 years.

"I invite you all because the price of land is still low. Here, (at the IKN location), it (land price per meter) is still below Rp1 million (around US$63.08)," he remarked.

"However, maybe, next week, the price will go up. Next month, it will (probably) go up because the price continues to move," he remarked.

The president urged entrepreneurs to not harbor concerns about investing in IKN, as it has been regulated by law and supported by 93 percent of factions of political parties in the House of Representatives (DPR).

"I also see that going forward, the green economy in our country becomes a big opportunity. The opportunity is crystal clear, (and) what is left is whether we want to begin as soon as possible or not," he remarked.

Related news: Some 32 projects in Nusantara use design-and-build method: Ministry

Related news: Jokowi invites Indonesian CEOs to visit Mentawir Nursery

Related news: Minister ensures hospitals' development at IKN completed on target

OK Now we hear from the President Own Lips

"I invite you all because the price of land is still low. Here, (at the IKN location), it (land price per meter) is still below Rp1 million (around US$63.08)," he remarked.

"However, maybe, next week, the price will go up. Next month, it will (probably) go up because the price continues to move," he remarked.

Calvin comments

Land price still below Rupiah 1 Million per meter land

Now let's calculate

(Note: Calvin's favourite subject is Maths. When I was in Secondary School during Maths Lesson. When Mr. See Ah Kow (My Maths Teacher Sir was Lazy. He asked me to take over his Class. I became the Maths teacher. Hahaha!)

So Maths has been my forte for over 50 years already till now. )

Convert Rupiah to ringgit

1 Million Rupiah = Rm299.70

One Sq Meter is 10.764 sq ft

So to get Per Sq Ft Cost in ringgit

Divides Rm299.70 by 10.764

= Rm27.80

YES! UNBELIEVABLE BUT TRUE FACT OF LIFE

PSF Cost Now Rm27.80

And he said further

"However, maybe, next week, the price will go up. Next month, it will (probably) go up because the price continues to move," he remarked.

NOW LET'S CALCULATE

from 15.9 sen Cost (16 years ago in 2008 Book Value. Note: Last valuation was in year 2013)

Now Rm27.80

Ok just divide Rm27.80 by Rm0.159

= 17,400%

Amazing!

TSH lands jumped in Value by 17,400% in 16 years

My Neighbour Bangsar Park Lands Jumped in Value by 10,000% after 54 years

They say, "TRUTH IS STRANGER THAN FICTION"

And Since this News out TSH still remain at the Forsaken price of Rm1.02?

Unbelievable Bargain

Out of 33 Million people in Malaysia less than 500 people believe or even aware

Then Who hath Believed Our Report?

See Who

CHAIRMAN SON OF TSH (TAN SOON HONG) BOUGHT LIKE NO TOMORROW TILL HE GOT 340 MILLION TSH SHARES

HE BOUGHT EVEN BY BORROWING TO THE HILT

SEE

THIRTY (30) LARGEST SHAREHOLDERS

Name No. of shares held %

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

CHAIRMAN BORROWED ON MARGIN TO THE FULL

BUYING BY MARGIN LOAN AND PLEDGED HIS SHARES TO RHB BANK, ALLIANCE BANK & AMBANK

SO HE IS THE ONLY VERY FEW WHO BELIEVED

THAT BRINGS CALVIN TO ANOTHER SECRET

Read this

44 “The kingdom of heaven is like treasure hidden in a field. When a man found it, he hid it again, and then in his joy went and sold all he had and bought that field.

see more

Amplified Bible

“The kingdom of heaven is like a [very precious] treasure hidden in a field, which a man found and hid again; then in his joy he goes and sells all he has and buys that field [securing the treasure for himself].

In ancient times there were buried treasures

To get the Rightful Ownership of the Treasure (Proof that it is not stolen goods) A person must find it legally

Like Owning a Land which Contains the Treasure

Now Chairman and His Brothers Plus Mr Lim Fook Hin all KNOW HOW VALUABLE THEIR TSH'S KUTAI (IKN NUSANTARA) LANDS NOW WORTH

But it is Illegal to buy Them at 15.9 sen psf directly

SO TO OWN IT LEGALLY THEY MUST BUY TSH SHARES TO OWN THE TREASURE OF IKN NUSANTARA PRIME PRIME LANDS

NOW THE ONLY QUESTION REMAIN

WHEN WILL THE VALUE OF THESE LANDS BE UNLOCKED

WE KNOW THIS

TMAKMUR WAS RM1.38

PAHANG SULTAN (AGONG) TOOK TMAKMUR PRIVATE AT RM1.90 TO BUILD KOTA SAS

JOHOR CORP TOOK KULIM PRIVATE AT RM4.10 (FROM RM2.50) TO HIVE OFF TWO PALM OIL ESTATES IN PENGERANG TO BUILD TWO TOWHSHIPS

LTAT TOOK BPLANT PRIVATE AT RM1.55 (EAGLE GROUP BOUGHT 57 SEN) FOR ITS "GOLD MINE" LANDS

SO WHEN WILL TSH MONETISE THESE 94,700 ACRES LAND IN IKN NUSANTARA?

WE ARE NOT SURE BUT WILL WILL HOLD TENACIOUSLY

THE LONGER THE BETTER

IKN NUSANTARA WILL BE MANY MANY MANY TIMES BETTER THAN PUTRAJAYA!

AND ALL WHO OWN TSH TO GET THIS "TREASURE" WILL BE LIKE WARREN BUGFFET

SEE ABOVE

THE LONGER YOU HAVE VALUE SHARE THE RICHER YOU WILL BE

AND NOW LET CALVIN TELL YOU ANOTHER PLACE

A TRILLION TIMES BETTER THAN BANGSAR PARK, PUTRAJAYA OR IKN NUSANTARA

YES! I MEAN A TRILLION TIMES BETTER

SEE

14 Let not your heart be troubled: ye believe in God, believe also in me.

²In my Father's house are many mansions: if it were not so, I would have told you. I go to prepare a place for you.

³ And if I go and prepare a place for you, I will come again, and receive you unto myself; that where I am, there ye may be also.

JESUS CHRIST THE CREATOR OF HEAVEN AND EARTH PROMISED

²In my Father's house are many mansions: if it were not so, I would have told you. I go to prepare a place for you.

³ And if I go and prepare a place for you, I will come again, and receive you unto myself; that where I am, there ye may be also.

JESUS CHRIST THE SON OF THE LIVING GOD HAS COME TO LIVE ON EARTH WITHOUT SIN; DIED FOR OUR SINS;

RESURRECTED FROM THE DEAD

BEFORE HE RETURNED TO HEAVEN HE PROMISED

THAT HE WILL COME AGAIN

AND WHAT IS JESUS DOING NOW?

ANSWER:

HE SAID, "I GO AND PREPARE A PLACE IN THE HEAVENLY MANSION" FOR ALL WHO WILL RECEIVE HIM TO BE LORD AND SAVIOUR

AND THIS WONDERFUL BUILDING WILL TAKE MORE THAN 2,000 YEARS TO BUILD

NOT 2 YEARS, NOT 20 YEARS AND NOT 200 YEARS TO BUILD

BUT IT TAKES JESUS MORE THAN 2,000 YEARS ALREADY IN BUILDING

HOW MANY TRILLION TIMES BETTER!

HALLELUJAH

ALL GLORY AND PRAISE TO JESUS CHRIST!

AMEN AND AMEN!

WARMEST HEART FELT REGARDS TO ALL

Calvin Tan

Please buy or sell after doing your own due diligence. Or in Doubt stay away till you receive Light & Clarity