RSAWIT (5113) A Palm Oil Turnaround Due to High Cpo over Rm4,100 MT Plus Very Very Undervalue Assets that are Easy to Liquidate for High Profits, Calvin Tan

calvintaneng

Publish date: Wed, 13 Mar 2024, 10:01 PM

Dear friends of i3 Forum

In year 2021 Eagle Group selected Top 10 Palm Oil Stocks out of 43 in KLSE

And these are the Ones

See

Reposted Article: OIL PALM STOCKS IN Bull Run Time: Those Prepared with Biggest Capacity Will Always Excel More Than Others, Calvin Tan

Publish date: Thu,, 04 Nov 2021 11:29 PM

Small Palm OIl Stocks can only carry few people like a Sampan boat (Maybe 10,000 Acres To 20,000 Acres Oil Palms)

Sampan boat ride in the Mekong Delta | Amanda | Flickr

PENANG FERRY FOR VEHICLES/PASSENGER (So Are Palm Oil Stocks with Medium Sized Plantations) From 50,000 acres to 80,000 acres Oil Palms

1,000+ Penang Ferry Stock Photos, Pictures & Royalty-Free ...

LARGEST CRUISE SHIP LIKE PALM OIL COMPANIES (200,000 ACRES OR MORE)

Royal Caribbean announces world's largest cruise ship to sail from China in 2021 | Cruise.Blog

SO ARE PALM OIL COMPANIES

SINCE CPO PRICES HAVE CROSSED RM4,200 PER TON (UP MORE THAN 100% PER TON)

STOCKS LIKE

SARAWAK OIL PALM

FGV

TAANN

TSH RESOURCES

THPLANT

BPLANT

JAYA TIASA (GIANT TREASURE)

IOI CORP (432,000 ACRES: TOP 3 BIGGEST IN BURSA)

SIMEDARBY PLANT (3.3 MILLION ACRES WORLD BIGGEST)

HS PLANT (100,000 ACRES 100% PURE UPSTREAM & SELLS SPOT BEST)

ALL WITH OVER 200,000 ACRES TO OVER 1 MILLION ACRES OF OIL PALMS SHOULD DO EXCEEDINGLY WELL

Best Regards

Calvin Tan

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

Another examples are During Rainy Season

Rain is Free

BUT COLLECTING IT DEPENDS ON THE SIZE OF THE CONTAINER (SO ARE OIL PALM ESTATES: THOSE WITH MORE OIL PALM TREES WILL GIVE THE BEST SUM TOTAL AMOUNT OF YIELD

See

How much water can contain?

Portrait Of Asian Woman Holding A Bucket For Collecting Rainwater From Damaged Ceiling Stock Photo, Picture And Royalty Free Image. Image 83987530.

THIS ONE BIGGER BUT STILL NOT ENOUGH

Collecting Rain Water In These States Could Be Illegal | Family Handyman

THIS ONE BELOW BEST!

30 of the Ecstatically Beautiful Lakes and Reservoirs in Utah - Flavorverse

Warm Regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult any honest remiser/fund manager

SO FAR SO GOOD

BPLANT was recommended at 57 sen

After dividends Plus LTAT takeover price of Rm1.55 Bplant made a Whopping 369% in 2 short years

So One Bplant is Now a Trophy

Gold Trophy Images - Free Download on Freepik

WE NOW STILL GOT 9 LEFT

AND THIS EVENING WE HAVE SELECTED RIMBUNAN SAWIT to REPLACE BPLANT

Why RSawit?

See our Answers

First see Rsawit Official Website

We quote

OUR BUSINESS

Plantation

87,614 ha of plantation land.

How many acres Rsawit got?

Just multiply 87,614 by 2.471

= 216,494 Acres

Above 200,000 Acres. So it is in the league 0f Bplant, Jtiasa, Thplant, Tsh Resources & Others also got 200,000 Acres Big Lands

Of course Rsawit has disposed some Palm Oil lands to pare down borrowings just like Tsh

And why do we Pick this RSawit

Three Pronged Reasons

Reason Number One

RSAWIT is 100% Pure Upstream Palm Oil Co

Plus it has 3 Palm Oil Mills

And as We Found out

High Cpo price will Benefit All PURE UPSTREAM PALM OIL COMPANIES SOLDLY SELLING FFB & CPO

This is the Latest Fcpo Price

4195 MYR

+66 +1.60%

FANTASTIC!

As Most Cost of CPO Production only Rm2000 to Rm2200 the Gross Profit is now 100%!

Reason Number Two

Rsawit recently disposed two Palm oil Estates for a total of Rm165 Millions

A check shows it has gained a Modest 88%

Now if we take a very simple cincai calculation (lazy man style of doing sum)

Then we Multiply NAV 18 sen by 1.88%

= 33.84 sen

Now RSawit has 3 Palm oil Mills worth about Rm33 Millions Plus each

About Rm100 Millions worth

About 4.89 sen

add to 33.84 sen

= 38.73 sen

Now Rsawit is 22 sen (current real time price)

If we Value Rsawit at 38.73 sen

then at 22 sen there is a 44% discount to NTA

Note further

Rsawit only sold its two pieces of Palm oil lands near Miri for about Rm7,000 per acre (Very cheap)

It has better palm oil lands near Kuching & Bintulu which will command better prices over Rm10,000 per acre

So Our Revaluation of Rsawit to 38.73 is not fixed as it could go as high as 50 sen

50 sen NTA?

Yes, Calvin & buddies once bought Rsawit years ago at 50 sen & then made the painful decision to "Cutloss"

Aiyoyo got to admit we thought we kena bought rubbish or lapsap?

But things are now "TURNING AROUND FOR RSAWIT"

RSAWIT A TURNAROUND?

YES YES YES!

We will give you these Solid Facts

i) First Insiders/Directors were buying Rsawit Shares

See

MR TIONG CHIONG IE	01-Mar-2024	Acquired	500,000	0.200
MR TIONG CHIONG IE	29-Feb-2024	Acquired	894,800	0.195
MR TIONG CHIONG IE	26-Jan-2024	Acquired	1,000,000	0.190
MR TIONG CHIONG IE	26-Jan-2024	Acquired	835,000	0.190
MR TIONG CHIONG IE	18-Jan-2024	Acquired	827,500	0.160
MR TIONG CHIONG IE	04-Jan-2024	Acquired	500,000	0.155
MR TIONG CHIONG IE	22-Dec-2023	Acquired	1,026,700	0.150
MR TIONG CHIONG IE	12-Dec-2023	Acquired	500,000	0.150
MR TIONG CHIONG EE	13-Jul-2023	Acquired	500,000	0.141
MR WONG ING SENG	08-Jun-2023	Acquired	200,000	0.127
MR WONG ING SENG	25-Oct-2022	Disposed	10,200	0.175
MR WONG ING SENG	21-Oct-2022	Acquired	50,000	0.165
MR WONG ING SENG	20-Oct-2022	Acquired	25,000	0.175
MR TIONG CHIONG ONG	12-Aug-2021	Acquired	85,000	0.230
MR TIONG CHIONG ONG	22-Jul-2021	Acquired	43,800	0.230
MR TIONG CHIONG ONG	15-Jul-2021	Acquired	50,000	0.225
MR TIONG CHIONG ONG	14-Jul-2021	Acquired	50,000	0.225
MR TIONG CHIONG ONG	08-Jul-2021	Acquired	50,000	0.230
MR TIONG CHIONG ONG	30-Jun-2021	Acquired	60,000	0.220
MR TIONG CHIONG ONG	29-Jun-2021	Acquired	50,000	0.225
MR TIONG CHIONG ONG	24-Jun-2021	Acquired	50,000	0.230
TIONG CHIONG ONG	22-Jun-2021	Acquired	50,000	0.235
TIONG CHIONG ONG	21-Jun-2021	Acquired	50,000	0.235

Above 3 Insiders/Directors bought as high as 20 sen to 23 sen

So at 22 sen though price has risen somewhat we think price still inexpensive

In any case we once bought as high as 50 sen & "Cutloss" So now that Cpo is over Rm4,190 buying this Rsawit back at 22 sen to 23 sen looks quite inexpensive compared to its historic high

And now by disposing assets we see Good Profits

See

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2023

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2023	31 Dec 2022	31 Dec 2023	31 Dec 2022

		$$'000	$$'000	$$'000	$$'000
1	Revenue	139,619	154,145	507,762	675,917
2	Profit/(loss) before tax	26,851	-3,801	17,550	5,991
3	Profit/(loss) for the period	28,570	-6,490	12,386	-5,818
4	Profit/(loss) attributable to ordinary equity holders of the parent	36,950	-3,190	24,478	-330
5	Basic earnings/(loss) per share (Subunit)	1.81	-0.16	1.20	-0.02
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 ($$)	0.1800		0.1700

Of course the positive result is due to a One Off Asset Sale (Not by operations as yet, but like Jtiasa it is moving in the right direction

Now Rsawit is owned by the Same Boss of Jtiasa

See Jtiasa Top Holders

TOP 30 SECURITIES ACCOUNT HOLDERS (JTIASA)

(Without aggregating the securities from different securities accounts belonging to the same Depositor)

No. Name No. of Shares %

1 Malaysia Nominees (Tempatan) Sendirian Berhad

Pledged Securities Account For Tiong Toh Siong Holdings Sdn Bhd 145,000,000 14.98

2 AMSEC Nominees (Asing) Sdn Bhd

KGI Securities (Singapore) Pte. Ltd. for Genine Chain Limited 71,055,164 7.34

3 Tiong Toh Siong Enterprises Sdn Bhd 50,449,008 5.21

4 Amanas Sdn. Bhd. 48,294,961 4.99

5 Nustinas Sdn. Bhd. 48,293,154 4.99

6 Asanas Sdn Bhd 47,459,343 4.90

7 Tiong Toh Siong Holdings Sdn Bhd 45,730,471 4.72

8 Pertumbuhan Abadi Asia Sdn. Bhd. 21,864,045 2.26

9 RHB Capital Nominees (Tempatan) Sdn Bhd

Pledged Securities Account For Tiong Toh Siong Holdings Sdn Bhd 18,000,000 1.86

Now See RSawit Top Holders

Thirty Largest Securities Account Holders

No. of

Name Ordinary Shares %

1 Pemandangan Jauh Plantation Sdn Bhd 526,955,544 25.81

2 Malaysia Nominees (Tempatan) Sendirian Berhad 170,000,000 8.33

Pledged Securities Account for Tiong Toh Siong Holdings Sdn Bhd

(88-00016-000)

3 Pertumbuhan Abadi Asia Sdn Bhd 114,187,400 5.59

4 Teck Sing Lik Enterprise Sdn Bhd 102,107,388 5.00

5 Rimbunan Hijau Southeast Asia Sdn Bhd 100,584,800 4.93

6 RHB Nominees (Tempatan) Sdn Bhd 90,700,000 4.44

Bank of China (Malaysia) Berhad Pledged Securities Account

for Tiong Toh Siong Holdings Sdn Bhd

7 State Financial Secretary Sarawak 76,034,272 3.72

8 Multi Greenview Sdn Bhd 69,500,000 3.40

9 Rejang Height Sdn Bhd 63,345,591 3.10

10 Pertumbuhan Abadi Enterprises Sdn Bhd 58,096,800 2.85

11 Kinta Hijau Sdn Bhd 43,952,100 2.15

12 Ladang Hijau (Sarawak) Sdn Bhd 37,052,788 1.81

13 Rimbunan Hijau (Sarawak) Sdn Bhd 15,686,400 0.77

14 Tiong Toh Siong Enterprises Sdn Bhd 10,402,400 0.51

15 TC Blessed Holdings Sdn Bhd 7,214,400 0.35

16 AllianceGroup Nominees (Tempatan) Sdn Bhd 5,451,900 0.27

Pledged Securities Account for On Kok Thong (7010694)

17 Tiong Chiong Ong 4,877,208 0.24

18 Ong Ngoh Ing @ Ong Chong Oon 4,550,000 0.22

19 Chong Tong Siew 4,378,000 0.21

Toh Tiong Siong & his relatives own 66% of Rsawit (More than he owns Jtiasa)

See

Substantial Shareholders in RSAWIT

The substantial shareholders’ interests in ordinary shares in the Company as per the Register of Substantial Shareholders

as at 4 April 2023 are as follows:

No. of shares No. of shares

Name held (Direct) % held (Indirect) %

1. Tiong Toh Siong Holdings Sdn Bhd 264,429,560 12.95 633,508,332(a) 31.03

2. Pemandangan Jauh Plantation Sdn Bhd 526,955,544 25.81 - -

3. Pertumbuhan Abadi Asia Sdn Bhd 114,187,400 5.59 119,271,200(b) 5.84

4. Teck Sing Lik Enterprise Sdn Bhd 102,107,388 5.00 157,939,300© 7.74

5. Tiong Toh Siong Enterprises Sdn Bhd 10,402,400 0.51 226,568,891(d) 11.10

6. Tan Sri Datuk Sir Diong Hiew King

@ Tiong Hiew King 2,400,000 0.12 1,351,203,971(e) 66.18

A combined total of 66.18%

Now if Jtiasa being the Sister Company could Turnaround So Well There is a Good Possibility Rsawit can also do a Wonderful "TURNAROUND" as well. After all they are owned by same Bosses with the same DNA?

Ok unlike Jtiasa which got Strong Earnings

RSAWIT got Strong Assets for Sale

Jtiasa Pulau Bruit Lands are rented lands

BUT RSAWIT BOUGHT THEIR LANDS BY CASH OUTRIGHT

Now we come to the 3rd Reason which is the Most Important Reason of all

3. RSAWIT IS AN ASSET PLAY WITH OVER 160,000 ACRES OF LANDS STILL AT VERY LOW BOOK VALUE AS LOW AS BELOW RM3,000 PER ACRE

THE DIRECTORS OF RSAWIT MUST HAVE SEEN HOW "TOK MAT SAID PLANTING ON A GOLD MINE LAND"

SO JUST BY SELLING RSAWIT LANDS THEY CAN SEE A GOLDEN WINDFALL

Since Rsawit is a Non Bumi Company Selling Its Lands to UNLOCK VALUE is VERY FAST AND EASY

Why?

Because there are literally no more conversion of Forest Lands to palm oil allowed

So for any palm oil Company(ies) to expand they must buy from "Existing Palm Oil Land Owners which Got Large Tract of Palm oil Lands"

Prices are very high now and very few are willing to sell. Plus Glc Linked Companies Like Bplant, FGV, SimeDarby Plant and even Thplant are not allowed to sell their palm oil lands to "Non Bumi Entities"

As Such Rsawit being "Non Bumi entity" will see a Golden Windfall in all its Palm Oil Lands

Currently in Illinois, USA and Mato Grosso, Brazil Farm Lands growing Soybean & Corn are Skyrocketing Up in Prices due to high agriculture prices. So will be Palm oil Lands

But there is Another Strong Push for Rsawit

Abang Jo is trying to industrialize Sarawak & the Pan Borneo Highway will turn many lands into Commercial Value like Solar Farm & Data Centre

So RSAWIT WILL STAND TO REAP

Rsawit now 22 sen

Let's see how and when it will rebound to our purchase price of 50 sen years ago

We bought Jtiasa at 63 sen & today Jtiasa is Rm1.49

So we think it is possible for RSawit's turn to turnaround

With sincere & kind regards

Calvin Tan

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

Coming up

RSAWIT - A THROUGHOUT STUDY OF ALL ITS PALM OIL LANDS LISTED

THEIR BOOK VALUE

AND THEIR CURRENT MARKET VALUE

Please stay tuned

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RSAWIT (5113) A Palm Oil Turnaround Due to High Cpo over Rm4,100 MT Plus Very Very Undervalue Assets that are Easy to Liquidate for High Profits, Calvin Tan

calvintaneng

Publish date: Wed, 13 Mar 2024, 10:01 PM

calvintaneng

Reposted Article: OIL PALM STOCKS IN Bull Run Time: Those Prepared with Biggest Capacity Will Always Excel More Than Others, Calvin Tan

OUR BUSINESS

Plantation

Crude Palm Oil Futures

SUMMARY OF KEY FINANCIAL INFORMATION31 Dec 2023

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SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2023