THE INVESTMENT APPROACH OF CALVIN TAN
JAYA TIASA (4383) WAS 71.5 SEN REPOSTING THIS PALM OIL JEWEL & LATEST UPDATES, Calvin Tan
calvintaneng
Publish date: Wed, 27 Nov 2024, 10:59 AM
calvintaneng
0 1,881
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 Happy Investors of Jaya Tiasa (Giant Treasure)
First see our past Post
JAYA TIASA (4383) PALM OIL JEWEL: ALL ROUND IMPROVEMENTS: Lower gearing by Cash Inflow, Resume dividend payout & Highest FFB harvested, Calvin Tan
Publish date: Sat, 05 Aug 2023, 10:12 PM
Dear Friends of i3 Forum,
We are happy to include JAYA TIASA (Always Successful) in A TRILOGY OF 3 PALM OIL JEWELS
And these are the salient factors
1. High Cash Inflow Pares Down Jtiasa Debt from Rm1.5 Billions to only Rm190 Millions
Yes, please see the past 6 years of Jaya Tiasa Balance Sheet
Every year we saw Less and Less Debt till latest now only Rm190 Millions left
With High FFB & Cpo Prices Jaya Tiasa will soon be another Debt Free Cash Rich Palm Oil Co
2. JAYA TIASA HAS RESUMED GIVING OUT DIVIDENDS
See
| 28-Feb-2023 | 14-Mar-2023 | DIVIDEND | First Interim Dividend | RM 0.0150 | |
| 30-Aug-2022 | 27-Sep-2022 | DIVIDEND | Interim Dividend | RM 0.0280 | |
| 30-Oct-2018 | 30-Nov-2018 | DIVIDEND | First and Final Dividend | RM 0.005 | |
| 27-Oct-2017 | 29-Nov-2017 | DIVIDEND | First and Final Dividend | RM 0.005 | |
| 28-Oct-2016 | 28-Nov-2016 | DIVIDEND | First and Final Dividend | 1.3% | |
| 30-Oct-2015 | 30-Nov-2015 | DIVIDEND | First and Final Dividend | 1.0000% | |
| 30-Oct-2014 | 01-Dec-2014 | DIVIDEND | First and Final Dividend | 1.5% | |
| 04-Nov-2013 | 28-Nov-2013 | DIVIDEND | First and Final Dividend | 1% | |
| 05-Nov-2012 | 29-Nov-2012 | DIVIDEND | First and Final Dividend | 5.15 |
please note carefully
every year jtiasa declared First and Final Dividend
For this year in March 2023 Jtiasa Declared a FIRST INTERIM DIVIDEND
Will there be a second dividend coming. Just wait & see.
3. JAYA TIASA HAS THE BEST FFB HARVESTED AMONG PALM OIL COMPANIES
Disclosure On Quarterly Production
| JAYA TIASA HOLDINGS BHD |
| Production figures for current quarter and year to date |
| Individual Quarter (quarter) | Cumulative Period | |||||
| Current Year Quarter | Preceding Year Corresponding Quarter | Changes (Amount / %) | Current Year To - Date | Preceding Year Corresponding Period | Changes (Amount / %) | |
| 30 June 2023 | 30 June 2022 | 30 June 2023 | 30 June 2022 | |||
| PLANTATION | ||||||
| Crude Palm Oil (MT) | 44,187.00 | 33,186.00 | 33.00 | 80,248.00 | 59,122.00 | 36.00 |
| Fresh Fruits Bunches (MT) | 224,649.00 | 188,400.00 | 19.00 | 415,009.00 | 339,642.00 | 22.00 |
| Palm Kernel (MT) | 10,050.00 | 6,910.00 | 45.00 | 18,201.00 | 12,654.00 | 44.00 |
| TIMBER | ||||||
| Log Production Volume (Cubic Metres) | 19,496.00 | 23,799.00 | -18.00 | 39,664.00 | 43,437.00 | -9.00 |
| Production figures for current quarter compared with immediate preceding quarter |
| Current Quarter | Immediate Preceding Quarter | Changes (Amount / %) | ||
| 30 June 2023 | 31 March 2023 | |||
| PLANTATION | ||||
| Crude Palm Oil (MT) | 44,187.00 | 36,061.00 | 23.00 | |
| Fresh Fruits Bunches (MT) | 224,649.00 | 190,360.00 | 18.00 | |
| Palm Kernel (MT) | 10,050.00 | 8,151.00 | 23.00 | |
| TIMBER | ||||
| Log Production Volume (Cubic Metres) | 19,496.00 | 20,168.00 | -3.00 | |
Announcement Info
| Company Name | JAYA TIASA HOLDINGS BHD |
| Stock Name | JTIASA |
| Date Announced | 31 July 2023 |
| Category | Disclosure On Quarterly Production |
| Reference Number | DMP-31072023-00001 |
Excellent indeed
YoY Cpo production up by 36%
QoQ up by 23%
Like a Jumping horse Jtiasa overtakes all others!
4. JAYA TIASA'S LANDS ALONG PAN BORNEO HIGHWAY WILL SEE ASSET APPRECIATION
With 206,000 Acres Jtiasa not only see Higher Palm Oil Output its Landbanks along Pan Borneo Highway will see long term price appreciation upside
Let's see this piece
Refer Bursa Webpage Under Jaya Tiasa (Properties owned by the Group)
Tanjung Manis, Sarikei
Sare Land District
Block 3, Lot 143
Leasehold land
expiring on 19.06.2062
Vacant 158.4 Hectares - Industrial Land
Book Value: Rm2,331,000
Let's do a breakdown
In Sarikei (Along Pan Borneo Highway) Jtiasa has 158.4 Acres of Industrial Land
Book value a mere Rm2.331 millions
To get acre multiply 158.4 hectares by 2.471
= 391.4 acres
To get cost per acre divide Rm2,331,000 by 391.4
= Rm5,955
Now let us go See advert Industrial lands for sale in Sarikei today
See
Sarikei Pan Borneo High Way Main Road Land For Sale
Agricultural
Sarikei Pan Borneo High Way Main Road Land For Sale Mixed Zone Land Area: 4.15ac, +/- Hilly Land Surrounded with commercial units, rest stop & school (SJK Bulat) High Potential for future development Total Price:RM1.5Million www.wasap.my/60168939010/sarikei...
RM 1.500.000
ok we see Rm1.5 millions for Agriculture/Mixed Zone lands at only 4.15 acres
To get cost per acre divide Rm1,500,000 by 4.15
= Rm361,445 acre
That small 391 acres already worth Rm141 Millions
Remember: Jtiasa has total 206,000 Acres and 391 acres not even half a thousand acres or or less than 0.1%
Jaya Tiasa (GIANT TREASURE) Cost only a mere Rm5,955 an acre??? THAT IS VERY VERY CHEAP INDEED!
So like all others JTIASA Also Sitting on "GOLD MINE" LANDS
At 71.5 sen with NAV Rm1.36 JTIASA IS SELLING AT HUGE DISCOUNT OF 48% DISCOUNT TO NAV (STILL AT OLD BOOK VALUE)
This gives us more than 30% Margin of safety advocated by the Great Benjamin Graham
As Value Investor we like Jtiasa for its Strong Earnings and High NAV
Who else like Jtiasa?
Ok go See Top 30 Holders of JTIASA
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 91,055,164 9.41
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
10 CIMB Group Nominees (Asing) Sdn. Bhd.
Exempt An For DBS Bank Ltd (SFS-PB) 16,790,250 1.73
11 Roseate Garland Sdn Bhd 16,282,331 1.68
12 Diong Hiew King @ Tiong Hiew King 8,871,408 0.92
13 Olive Lim Swee Lian 8,764,200 0.91
14 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Kong Kok Choy 8,500,000 0.88
15 Inter-Pacific Equity Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account For Tan Heng Loon 8,462,300 0.87
16 HSBC Nominees (Asing) Sdn Bhd
J.P. Morgan Securities PLC 5,698,496 0.59
17 RHB Capital Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Fong Siling (CEB) 5,000,000 0.52
18 Citigroup Nominees (Asing) Sdn Bhd
CBNY For Emerging Market Core Equity Portfolio DFA Investment Dimensions
Group INC 4,765,438 0.49
19 Ooi Chin Hock 4,190,115 0.43
20 HSBC Nominees (Asing) Sdn Bhd
JPMCB NA For Teachers’ Retirement System Of The City Of New York 3,759,200 0.39
21 Kenanga Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Tiong Thai King 3,600,135 0.37
22 CIMB Group Nominees (Tempatan) Sdn Bhd
Exempt AN For DBS Bank Ltd (SFS-PB) 3,307,500 0.34
23 Azerina Mohd Arip @ Gertie Chong Soke Hoon 3,256,725 0.34
24 TA Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Chin Yau Kong 2,970,000 0.31
25 Tiong Chiong Ong 2,920,896 0.30
26 Citigroup Nominees (Asing) Sdn Bhd
UBS AG 2,698,760 0.28
27 Public Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Chee Lai Hock (E-BMM) 2,633,900 0.27
28 HLIB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Liew Sun Yick (CCTS) 2,598,900 0.27
29 Cartaban Nominees (Asing) Sdn Bhd
SSBT Fund 0MUA For Teachers’ Retirement System Of The State Of Illinois 2,539,900 0.26
30 DB (Malaysia) Nominee (Asing) Sdn Bhd
The Bank Of New York Mellon For Acadian Emerging Markets Small
Cap Equity Fund, LLC 2,507,800 0.26
Total 636,264,400 65.73
ok two stood out in surprise
1. SINGAPORE DBS BANK Got Two Positions in Jtiasa
2. Fong Siling aka Cold Eye has 5 Million Jtiasa shares
Others are USA Funds & Retired Teachers' Funds from USA
JTIASA WAS ONCE A DARLING STOCK OVER RM3.00 in the Early Days and Now Fallen to Bargain Levels.
Hence like Bplant we spotted at 57 sen (Now Rm1.08) & IjmPlant we spotted at Rm1.86 (KLK Took it private at Rm3.10)
We Think Jaya Tiasa at 71.5 sen is relatively cheap and undemanding in price versus its long term value
With Kind Regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
Calvin additional comments on November 27 2024
See this recap date
Publish date: Sat, 05 Aug 2023, 10:12 PM
Let us go back in time to 5 Aug 2023
Extracted verbatim
Hence like Bplant we spotted at 57 sen (Now Rm1.08) & IjmPlant we spotted at Rm1.86 (KLK Took it private at Rm3.10)
We Think Jaya Tiasa at 71.5 sen is relatively cheap and undemanding in price versus its long term value
With Kind Regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
On that eventful day of August 5th 2023
Bplant was Rm1.08 (Subsequently taken private by LTAT at Rm1.55; now history & good memory)
Jtiasa was 71.5 sen
More Comments by Calvin
In year 2020 we chose to buy Bumitama at 46 sen in Singapore SGX
And we saw this posted in Bumitama tread
Plam oil is always like that, start plant require cash/fund/debts to build empire. Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs. This counter will be the next shine palm oil for this year.. it's CAGR 21% compounding for next 3 yrs, now Bumitama just sit and collect money as all it palm tree is 6-7yrs now with FFB nucleus oil >24%, 107% growth vs Q1'FY13. Strongly believe this counter will start give dividents moving forward. Since CPO price is up ard ~RM2700/tan metric, I believe will share price will skyrocket this yr. Target $2.00 before end of this year 2014.
2014-05-19 18:16
Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs.
it will be an auto-pilot for next 18yrs.
it will be an auto-pilot for next 18yrs.
Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs.
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Discussions
Be the first to like this. Showing 7 of 7 comments
Tsh like Jtiasa (when it was 71.5 sen) declared an interim dividend
to make it 5% dividend
still can in time for 2.5 sen dividend if buy now
1 month ago
So still can get 2.5 sen dividend if buy Tsh Resources latest on Dec 4 2024 to qualify for dividend
1 month ago
JTiasa AGM is on today. 2024 Annual Report reveals lots of things. It is a Nett Cash Company!! Retained Earnings of 528 million. Last years Eps of 13.3 affected by Deferred Tax, as taxation was higher. Operating Cash Flow like what SSLee of i3 investor mentioned is over 300million every year, 2024 was 361 mil, from All the 68, 569 Hectares, of Matured Palm Trees.. As at 30/6, Cash was 283 million, with Nett Tangible Assets of Rm 1.52. Profit b4 tax was 200 million, based on Average of Rm3,771/ ton. Coming year profits will be better as CPO price is higher, touching RM 5000+ in November. Will it be like KLK later on as it is now a cash cow, and churning over 200 million profit before Tax every year !!!
1 month ago
@calvintaneng Can offer some advice, If agriculture land asking for rm6000 per acre in Sabah, worth it? It has oil palm but havent been managed for long time, so i assume the trees should already past prime.
1 month ago
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calvintaneng
Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs.
Director Lim Fook Hin of TSH
ALSO SAID AFTER PALM OIL CO PAID "OFF ITS DEBTS"
IT WILL BE ON AUTO PILOT
See
https://www.youtube.com/watch?v=PDMUaI8-ILI
2 months ago