Subur Tiasa come into my radar after Kwantas was announce by its major shareholder today.

Subur and kwantas had the similar fate as their share price is traded well below their NTA. Subur's NTA is at 3.02 but the current share price is only at 60sen. At the same time, the traded volume always very thin (even no single trade per day) and the share price always resilent.

One thing good about most of the platation company is the company had been operate for any decade. Altough there are having good time and bad time during the volatile of commodities (palm oil, rubber, timber) throughout the years but they are sitting huge number of landbank. Most of the land had not been revalue in the book for many years (30, 50 years).

I believe most the old bird may remember the bull run of small cap plantation counter during early 90 . There are Inch kenneth, Ayer Hitam, TDM, Mentakab, United plantation and riverview when all this company struggle to achieve the minimum listing capital of RM60million and resulting to declare huge number of bonus issues to substantial shareholder.

Somehow, Jtiasa (NTA: 1.10) and WTk (NTA: 2.02) also traded below their fair value.