THE INVESTMENT APPROACH OF CALVIN TAN
TSH RESOURCES VERSUS UEMS, KSL & CRESCENDO, Compare & Contrast Their ASSETS VALUE & Potential, Calvin Tan
calvintaneng
Publish date: Mon, 06 May 2024, 12:10 AM
calvintaneng
0 1,810
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.
Dear Friends of i3 Forum,
Due to RTS Spore - JB hype plus JB being Data Centers Property Stocks like UEMS, KSL & CRESCENDO have been chased up
Now TSH also got A Brand New Admin Capital shifting from Jakarta to East Kalimantan & landed just beside its 94,700 Acres Prime Lands
NOW LET US DO A DEEPER RESEARCH to SEE their Cost of Lands & Potential
1. UEMS
SUMMARY OF KEY FINANCIAL INFORMATION31 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 | 421,973 | 336,218 | 1,339,060 | 1,473,428 |
| 2 | Profit/(loss) before tax | 52,981 | 40,305 | 138,945 | 133,543 |
| 3 | Profit/(loss) for the period | 31,305 | 20,548 | 85,902 | 82,064 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 27,338 | 20,464 | 75,727 | 80,539 |
| 5 | Basic earnings/(loss) per share (Subunit) | 0.54 | 0.41 | 1.50 | 1.59 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.75 | 0.50 | 0.75 | 0.50 |
| | | 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 ($$) | 1.3500 | 1.3400 | ||
UEMS earned 0.54 sen with NAV (NTA) Rm1.35
Due to RTS SPORE - JB HYPE IS SHARE PRICE JUMPED FROM 20 SEN TO Rm1.06 (Already up over 500%)
Now its earnings have yet to show better profits
And let us take a look at its Assets Value
Refer Bursa Website)
Iskandar Puteri................................ 17,898,539 sq meter ..Freehold - Rm 2,491,753,000
(Bandar Nusajaya),
Iskandar Development Region,
Johor Darul Takzim
Land held for property
development and
development in progress
From above we see UEMS biggest piece (UEMS has sold off lots of its lands or already developed them)
So this is its Biggest piece
17,898,539 sq meter ..Freehold - Rm 2,491,753,000
Now let us calculate
convert Sq meter to sq ft by multiplying by 10.764
= 192,659,874 sq ft
now to convert to acre divide by 43,560
= 4,422 Acres (that is quite small)
Or now listed is its cost of Rm2,491,753,000 (More than Rm2.49 Billions
To get cost per acre divides
Rm2,491,753,000 by 4,422 acres
= Rm563,490 per acre
Yes! This land has been revalued and now more than half million per acre
2. KSL
Lot 2437
Mukim of Terbrau
District of Johor Bahru
Johor Darul Takzim
Land held for
development
9,060,253 sq ft
Taman Bestari Indah
Freehold - Rm169,033,690
To get cost per sq ft divides Price by land
= Rm18.65
X 43,560 to convert to cost per acre
= Rm812,682 per acre
3. CRESCENDO
5. Bandar Cemerlang...
Oil palm estate Freehold 594.01(acres ) Rm69,196,000
(approved for residential and
commercial development)
Now dividend Price by acres
= Rm116,489 per acre
Note: Bandar Cemerlang is up north after Ulu Tiram (still Ulu )
ALL 3 OF ABOVE GOT LIMITED LANDS LEFT. KSL Just bought some lands and paid over Rm1 Millions per acre.
4. TSH RESOURCES
REFER TO BURSA ANNUAL REPORT OF TSH RESOURCES
Desa Penawai, Bekokong.......................
Plantation land
12,628 Ha Oil Palm
Plantation
& Mill
Makmur, Kecamatan Bongan
Jempang & Desa Jambuk,
Muara Gusik Penawai,
Tanjung Sari, Kecamatan
Bongan & Desa Jambuk
Makmur, Kecamatan Bongan
Desa Muara Siram, Siram
Jaya, Resak Kampung,
Kecamatan Bongan, Desa
Resak, Kecamatan Bongan,
Kabupaten Kutai Barat,
Provinsi Kalimantan Timur
Rm222,811,613
Convert Hectare to Acre by X 2.471
So 12,628 X 2.471
= 31,203.78 acres
To get cost per acre
Divide Rm222,811,613 by 31,203.78 acres
= Rm7,140 per acre
THIS IS THE NEAREST PIECE TO IKN NUSANTARA and BOOK VALUE ONLY RM7,140 PER ACRE
2 More Pieces are even cheaper at Rm4,500 Per Acre
NOW LISTEN! LISTEN!! LISTEN!!!
Prices of UEMS, KSL & CRESCENDO Have been Chased up by 200% TO 500% ALL BECAUSE RTS JB SINGAPORE WILL BE BUILT BY 2026 END AT COST OF RM10 BILLIONS
NOW INDONESIA IS SHIFTING ITS NEW ADMIN CAPITAL TO IKN NUSANTARA AT COST OF ALMOST RM150 BILLIONS
OR 1,500% MORE IN COST!
YET FEW RESEARCH HOUSES OR MEDIA MENTION THE GROSS UNDERVALUATION OF TSH RESOURCES VALUABLE LANDS
THIS IS WHY WE ARE BULLISH ON TSH
ONLY LESS THAN 0.001% OF PEOPLE KNOW ABOUT BONGAN, WEST KUTAI LANDS
WHILE 99.9% OF PEOPLE ALREADY FULLY KNOW ABOUT UEMS, KSL & CRESCENDO
HENCE TO BUY TSH NOW AND HOLD TILL DEVELOPMENT RIPE WILL BE THE MOST REWARDING INVESTMENT LONGER TERM
BEST AND WARM REGARDS
Calvin Tan
Please buy or sell after doing your own due diligence
Or consult your Remisier or Fund manager
SEE
Now See TSH's Lands in BONGAN, KUTAI WEST
43.9 km
Distance from Bongan to Titik Nol IKN Nusantara
Above is Bongan to Titik Nol Ikn Nusantara
A distance of 43.9KM only
Below is the Distance of Sentosa, Singapore to JB Paradigm Mall (45.8km)
1 hr 44 min (45.8 km) via Bukit Timah Expy
NOTE VERY VERY VERY CAREFULLY
TITIK NOL IKN NUSANTARA DISTANCE TO BONGAN (43.9KM)
IS EVEN NEARER THAN SPORE SENTOSA TO PARADIGM MALL JB (45.8KM)
BEST TIME TO SELL UEMS, KSL & CRESCENDO INTO EUPHORIA
BEST TIME TO BUY TSH IN PESSIMISM
DO THE VERY OPPOSITE!
95% OF PEOPLE WILL LOSE MONEY
ONLY 5% CAN MAKE MONEY
TO WHICH DO YOU BELONG?
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Discussions
Be the first to like this. Showing 18 of 18 comments
Risk and Reward
1. Tsh got Rm150 Billions New
City being built beside it's lands while others got a Rm10 billion Rts
2 weeks ago
2. Tsh total lands near Ikn is 94700 acres and total over all is 188,000 acres or bigger than Spore total land area of 180,000 acres
2 weeks ago
3. Tsh cost of land very low at 20 year ago book value of Rm4.5k to Rm7.2k per acre
while others got Rm110k to Rm800k per acre
by all measure Tsh lands are very undervalue
2 weeks ago
Best of all Tsh share price only up 2% to 3% while others all up 200% to 500%
2 weeks ago
Buying Tsh at such discounted and depressed price the risk is low and the reward high
while chasing others in euphoria has high risk and low reward
2 weeks ago
Extracted from IKN Road Connectivity Development
The concept of developing a new road network to several areas such as Senoni(Kutai Kartanegara
Regency), Gusig(West Kutai Regency) and Tukuq (Central Kalimantan Province Border).These three
areas were chosen because they have potential resources and local culture which of course also
consider the potential for regional development and new economic growth areas.The results of the
analysis show that the addition of shortcuts to IKN from these three areas can improve the
connectivity and accessibility of the road network around IKN relatively significantly
https://www.researchgate.net/publication/377267277_Road_Network_Connectivity_in_Supporting_IKN_NUSANTARA_The_New_National_Capital_City_Development_in_East_Kalimantan_Indonesia
2 weeks ago
Read again VERY CAREFULLY
Senoni(Kutai Kartanegara
Regency), Gusig(West Kutai Regency) and Tukuq (Central Kalimantan Province Border).These three
areas were chosen because they have potential resources and local culture which of course also
consider the potential for regional development and new economic growth areas
Gusiq (or Gusik in English) WEST KUTAI (BONGAN) chosen because they have potential resources and local culture which of course also
consider the potential for regional development and new economic growth areas
2 weeks ago
In other words
GUSIK, WEST KUTAI IS CHOSEN AS "NEW ECONOMIC GROWTH AREAS!"
THAT IS THE REASON WHY ASKING PRICES HERE ARE 3.5 MILLION RUPIAH PER METER
OR RM4.2 MILLIONS PER ACRE!!
See
https://www.99.co/id/jual/tanah/kutai-barat/bongan
2 weeks ago
good counters no need to promote everyday, Calvin. The more i see you promote daily, the more skeptical it will be. And the more suspicious we are getting. Just my RM0.02..
2 weeks ago
There is nothing suspicious at all
Everything posted here is open and transparent for all to study and evaluate
What is true or false will be all proven one day
And for that we can patiently wait
2 weeks ago
If Kelvin Tan Aik Pen buy TSH, I follow him. If MKH can buy MKH OP why Kelvin Tan Aik Pen cannot do so on TSH?
2 weeks ago
For your info
Chairman Kelvin already bought to the hilt with 340 million Tsh shares with margin loans from 3 Investment Banks
As such he is fully invested in Tsh even beyond all his strength
2 weeks ago
Your name is "Cheated"?
True to your name you are a Cheat!
Chairman Kelvin owns 340 mil Tsh shares. Plus inherited another 2 mil Tsh from his late father TSH (Tan Soon Hong) Chairman got a total of 342 million Tsh shares
At Rm1.15 current price
The total net worth is
342,000,000 x Rm1.15
= Rm393,300,000
That is over Rm393 Millions invested and not counting his brothers' shares yet
So you better stop cheating people by your lies
2 weeks ago
Simeplant suddenly jumped after news of 1000 acres designated as Industrial park in Kerian
Tsh also got 13,338 acres in Greentech Park Bulugan
plus it has 94700 acres in Ikn Nusantara
2 weeks ago
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calvintaneng
BEST TIME TO SELL UEMS, KSL & CRESCENDO INTO EUPHORIA
BEST TIME TO BUY TSH IN PESSIMISM
DO THE VERY OPPOSITE!
95% OF PEOPLE WILL LOSE MONEY
ONLY 5% CAN MAKE MONEY
TO WHICH DO YOU BELONG?
2 weeks ago