Operating Cash Flow +68mm

dividend income from JV +299mm //wow wow wow//

total debt from 1.28b last qtr down to 844mm this qtr //means lest interest to pay//

5 sen special dividend //wow, hope this will trigger EPF on board//

Current qtr revenue mainly from Aus. So hopefully UK revenue kicking in coming qtrs.
rescissions in Aus, hope this recovers too.

we shall see
https://www.agriculture.com/news/crops/arid-weather-trims-corn-and-soybean-outlook

Can shareholder sue Serba Directors for "suing KPMG on resulting drop in share price" which leads to further share price drop?

@SincereStock
https://www.theedgemarkets.com/article/frankly-speaking-new-independent-directors-serba-dinamik-raises-eyebrows

@SincereStock also no comment though youtube.com/watch?v=kXjTSgNo5jI

sue KPMG? sue your auditor? does it discourage auditors to raise any concerns, issues or red flags?

Just because the market react and dump their shares hence the board want to sue kpmg? Why not take the company private if the founder claimed such strong fundamental and the valuation now is unfair?

Since Dato Karim seems to have access to middle east, why not just join hands with funds and tycoons to take the company private?

The new chairman claimed he knows a lot, the company has international businesses, what's the possibility a new chairman able to look into all the operations and financials in a short span which is way beyond KPMG auditors?

And WHY do they turn off comment on youtube live?

How do they calculate the fair value loss of futures contract?
even though 14mm is recorded realized, How come its being added back to cash flow statement?

Do they sell call contract?

Is there a way to demand management to disclose the contracts of futures trade? want to know if its genuine of trying to steal profits from shareholders.

Calvin, can you share about Jtiasa timber business? and past few years they have huge write down on that segment, give me a feeling it had been scaling down in production capacity.

where's micky hahahahahahahaha ?

the share price almost has to 2x for the warrant to make sense...
and dont forget, dividend payout will make the warrant more premium.

lumber is all time high, wonder if it put pressure on rubberwood

Do you track their production cycle? Their harvest cycle low is around feb March, high around sep. also when you compare between company , check if they are buying ffb from others to process.

Anyway, many estates are facing labor shortage. If you want to grill jtiasa, ask their management where they park the gold mine of stingless bee honey business, is it in their own pocket... the breeding ground is their forest asset though

fully exited and miss the ride.....only can sit aside to watch

RISK8888, we share the same appetite.

it been6 consecutive months on CPO production decline, hopefully the March qtr could see a very very strong rebound just like last year. *_*

Drop is good, can collect more and sit back to wait for split and new orderbook announcement.

So what's moving forward on the logging industry? I thought the Swk government is working in hand companies to UNLOCK their land value...kekeke

Q3 result is could be lower if Feb/March production drops though, coulpe with government tax. i

But FY21 Free Cash Flow already reach 100MM with just 2 quarters. if palm oil price sustained till the peak harvest season, it should be able to reach above 150-170MM. with the current market cap of 650mm, thats 25% return of FCF over market cap.

Guess have to wait two more quarters... sigh

Sungai Gadut Industrial Park, KM11 , that's heveapac on the map.
Hopefully its minimal impact since furniture factory orderbook are all loaded up till year end.

While South America recovers, US soy state seems to be in drought
https://experience.arcgis.com/experience/5dceec104a384df094e65af12a274959/

I think we can wait for Jtiasa CPO harvest to recover afte March, and CPO price to maintained.

https://www.agriculture.com/markets/newswire/update-1-brazils-agriculture-minister-confirms-big-grain-crop-expectations

Brazil’s 2020/2021 soybean harvest had reached 1.9% of the cultivated area through Jan. 28, the slowest pace for this time in the season in 10 years.

Its second-corn crop, which is planted after soybeans are harvested, makes up the bulk of Brazil’s corn production. But because of delays affecting the soy crop, planting of second corn may have to be done outside the ideal window, potentially affecting yields. (Reporting by Ana Mano. Editing by David Goodman and Jason Neely.)

However, Patria AgroNegocios estimates that as of Feb. 12, the soybean harvest is nowhere near complete in Brazil. Producers are working hard in Mato Grosso, where 22% of the crop has been harvested, but less than 10% has been harvested across the rest of the main growing regions. This puts the total soybean estimate for the entirety of Brazil at just 8.7%, well-behind the average of 24.6% for this time of year.

https://www.dtnpf.com/agriculture/web/ag/blogs/south-america-calling/blog-post/2021/02/18/delays-mato-grosso

anyone knows how to analyze jtiasa log business?

they already get over 50%. just wait and see how much revenue Indonesia plant gonna bring.

RUPIAH is going strong right?

Jan is not a good month for harvesting log, its full of rain.But Feb looks promising, and looking at the record high log price, its a good sign.

Anyone research into their timber business?

There's rain in South America soy planting areas, so likely will put pressure on soy price, hence cpo price.

congrats, further automotive tax exemption.

when will their log and wood business turns black?

vaccine arrival here doesn't means vaccine arrives in all other countries.
How many % of people will go to take the non-mandatory jab with such short clinical trial?
How many % of passengers are willing to fork out the money to pay for quarantines for travelling?
How many quarters AAX would able to survives before full vaccine roll out?

View A: suppliers/creditors wont let AAX get bankrupt, as many of them would eventually get bankrupt if AAX get bankrupt.

View B: foreign capital will come to deal with creditors to onslaught AAX, and eventually take over AAX at a bargain. Who wouldn’t have appetite for those developed routes.

What do you think?

why would they want to offer this when they can buy quitely on market? my guess is they just want to pull a break on the running share price. but after this, the price can continue its momentum.

shit, i forgot its 18th!!! anyone attended?

船运调查机构SGS周二公布的数据显示，马来西亚12月1-15日棕榈油出口量为725380吨，较11月1-15日出口的662376吨增加9.5%。

据Amspec，马来西亚12月1-15日棕榈油出口量为732,780吨，环比上升8.72%。ITS给出的前15日的出口数据同样显示出了上涨的态势。马来棕榈油出口的好转以及印尼增加出口税，对马来出口有所利好的消息，继续支撑马来棕榈油的走势，对国内棕榈油形成支撑。国内方面双节包装油备货旺季已启动，豆油商业库存连续下降，且菜油库存仍保持低位，油脂下方支撑良好，市场对后市仍抱有期待，但鉴于近阶段期货波动剧烈，继续以震荡市对待。目前棕榈油移仓换月，主力切换至2105合约，关注下方6400元/吨的支撑以及上方6800元/吨的压力情况

the stock is working towards golden cross....watch out if it spikes above rm0.50.

https://www.malaymail.com/news/money/2020/11/27/dyson-to-invest-us3.7b-to-double-product-range-by-2025/1926534

invest £2.75 billion in R&D, would translate to at least £275b in product retail i assumed.

will it ever hit rm2 ? last time the oil price hovering at all time high.

i read on china commodity trading site that india lower palm oil import tax. even at such high price, they lower the tax? what does that means? they are desperate to stock!

demand up supply down, price will fly!

If you want momentum you keep buying. Kekeke

external board sales is down due to higher internal sales to RTA division. and RTA division has higher margin than board.

thats great!

Most interesting is the mushroom, Last year qtr loss is -1.12mm, this qtr only -270k. the trend looks like will turn +ve in coming two qtr.

if their production line is running at 100%, its considered good qtr, else its not a good qtr. As I expect previous qtr backlog will fall into this qtr, but the malaysia revenue on leather seats only ~5% y-o-y qtr.

havent study its cash flow statement detail yet, anyone dig into it? just saw trade receivables have a sudden spike,

Group’s Prospects
We expect the oil palm division to perform well in view of the current uptrend in CPO prices due to low inventory level and higher demand from major consuming countries such as China and India in replenishing their dwindling stock.
For timber segment, the average prices for timber products remain stable due to global supplies constraint and we foresee gradual improvement in this division as economic activities start to normalise.

Lower revenue but stronger profit and cash flow.
Debt down cash up.

If next qtr timber turns black then will really fly loh.

comparing previous qtr > current qtr
RSAWIT revenue : 82mm > 111mm ; operating cashflow -15mm > 10mm
SWKPLANT revenue : 97 mm > 137mm ; OCF 28mm > 37mm
BPLANT revenue : 167 mm > 205mm ; OCF 58mm > 119mm
MHC revenue : 86mm > 95mm ; OCF 12.5MM > 18.4mm

everything looks promising,
Jtiasa previous qtr OCF is 30mm, last year qtr is 70mm, lets pray coming qtr hit 100mm.

Great, revenue back to normal, and operating margin improves. slow and steady counter, requires lots of patience

stay put first, expect top glove cluster will grow continuously for 3-4 days.

if you get TP1.75 based on own calculation, then its okay., I have bad experience with HLE TP.

TP 2.80 for 2021
* assuming current revenue is maintained and new contract negotiation with Dyson should be on the desk.
* operation margin maintained
* production capacity increased

thank god export of timber down in 1st 3 months, coz they can keep the inventory and unload now at a much much higher price.