Calvin exposed in his torn and tattered underwear with nowhere to hide his two jewels! So it's RM3.16 target price end 2022 for JTiasa compared to actual RM0.63. End 2023 JTiasa closed at RM0.91. He made so many kaw kaw buy calls in 2022 for plantation stocks all based on flawed premises one can hardly keep track. But he will selectively choose which figure to disclose to suit his mad designs.

Calvin; Incidently, by comparison, what were your target prices for JTiasa in April 2022 in the midst of your once-in-a-lifetime plantation bull mania? Can you recall?

Poor TSH. No more kaw kaw buy and all but forsaken for Calvin's latest squeeze JTiasa. Will it ever morph into the blue chip to beat Nestle as he screamed on 7.04.2022 ; with targets of RM2.00 short term, RM3-4 31.12.2022, long term blue chip status RM10 and the ultimate Nestle beating RM150!! With current price RM1.00, I guess Calvin misplaced his decimals.

Ha ha ha......please take a look at the headline and the kindergarten grammar. How to trust a guy who can't figure out simple past tense.

Calvintaneng is a bad bad boy who did not do his homework on the estimated cost of CPO production in Malaysia. Neither did he call Ms Fong of TSH, or Ms Ivy Lee, head CIMB Agri business research. He insists on using his own outdated figure of RM2000. What does someone imprisoned in a high rise apartment in Singapore with no real time knowledge of managing an estate or mill know about the vagaries of CPO production costs?

@ Calvintaneng: No thanks for posting recycled garbage. It continues to be nauseating. Go find something useful to do.

I say this to JTiasa management; this year 2024, start showing us the money! Do something more proactive and exciting than related party transactions. Live up to the Tiong Hew King legacy as a shrewd businessman and captain of industry.

Sure, JTiasa is very undervalued by almost every tangible measure eps, ebita, nta, free cashflow etc. But it is the intangibles that keep its value down - past management practices including poor dividend record, investor relations and the like. It no longer has any significant institutional shareholders, not even EPF, which tells you something. Investors with long memories can tell you about the private placement in 2013 which raised RM331 million, the glowing picture painted and the subsequent tanking of the share price the next 10 years due in part to a poor timber market. Big investors do not forget something like that in a hurry. JTiasa needs to clean up that history; better interim dividends this coming quarter will help. The 20% dividend payout is only a guide and much higher dividends in line with improved performance will be one smart move. Also, an orchestrated road show to the investing community to highlight its attractiveness. Not sure if its IB is still CIMB.

Prevaricating once again. Go call Ms Fong of TSH. What are you doing sitting in some high rise apartment in Singapore and bashing the keys on your computer? This weekend, do take some time off and visit a palm oil estate/mill in Johore. Just to get a little dirty and a feel of the earth.

Calvin the clown; Are you kidding? You made the claim, you call TSH to check the current estimated cost of CPO production and report back to us. Now be a good boy and do as I say.

Just for information, I hold TSH and JTiasa and would naturally want the share price to move up. But this serial plantation counter promoter in I3 is making too many unnecessary and inaccurate posts about an industry he knows little about. His wild claims are almost hilarious if not scandalous.

Calvin; Amazing rebuttal on cost of CPO production with no dates given, could be 2020 cost for all we know. Maybank IB's estimate of RM2670 per tonne was disclosed this week and can be found in today's The Star business section.

Maybank IB estimates Malaysian planters cost at RM2670 per tonne for the period FY2022 to 2023 due primarily to higher fertilizer and wage cost. This is roughly in line with private estate owners estimates. How to rely on figures given by someone who lives in an apartment in Singapore and has never grown crops, much less owned an estate.

Calvin, stop your prevaricating. As previously stated, I am not against palm oil stocks holding a portfolio myself but I am dead against your mindless incessant promotion of such stocks. You are truly nauseating and bereft of any shred of integrity. But then, insidious mental health issues are not easy to overcome.

And so it came to pass. Calvin's "buy kaw kaw and die die hold" strategy failed for 9 of his 10 promoted plantation stocks in 2023; only Bplant was saved from ignominy by a takeover exercise.

A very savvy investor and oil palm estate owner said this about Calvintaneng a year ago and I repeat ... "What does Calvin know about palm oil plantations? Absolutely nothing.He lives in an apartment in Singapore with barely any knowledge of growing crops. And you think he can tell you the future of palm oil stocks? "

A weak BB breakout is better than none. TSH will cross RM1 and someone who got hammered in KGB thread will shout his prophesy is about to happen. Repeat and repeat ad nauseam.

WTK management resumes modest share buyback in the face of market weakness. Take out the small weak holders and hold up stock price. That's good. Shows faith in company's impending profit recovery.

@Calvin; You prove to be even more of a clown than I thought possible. Why should Jtiasa price fall just because I voice legitimate concerns about its BOD indulging in RPTs and questionable acquisitions that seem to favor their private interests? Mine is just one view even if many minority shareholders harbor similar reservations. However, imagine if the Rm 52m paid for WHD was used for special dividends, or for share buyback. I believe purchase of Jtiasa shares is a much better use of the money for all shareholders.

Sorry, I not so dumb. If operating cashflow is persistently leaked through RPTs and questionable acquisitions with only crumbs of dividends thrown to minority shareholders, I will bail out of my long held position Jtiasa. What good is strong profits when it does not benefit minorities? Compare Jtiasa's past 10 year track record with that of Taann, both managing similar businesses.

For FY2023, Jtiasa spent less than RM30m on dividends but more than RM52m on a directors related asset acquisition which minority shareholders could not vote on. This, after not paying dividends for 3 years from 2019-2021. Who is the BOD looking after?

#Calvin; Contact the company secretary? Whatever for? Does she have equivalent authority as the BOD? What is clearly recognizable are the actions of the BOD. Rampant related party transactions, inconsistent profitability, poor dividends, weak public communications are just some of the issues adding to trust deficit. What has been done the last 10 difficult years for long suffering minority shareholders? When times are good again, who benefits most from the strong free cashflow?

Looks like legacy issues are still weighing down Jtiasa despite a good 1Q2024. Stock price barely moved. Investors' trust is a fragile thing; if lost it's hard to regain. Virtual AGM tomorrow provides opportunity to ask tough questions of the BOD especially on future dividend policy.

WTK would be worse off than similar timber/palm oil plantation companies on a historical ROE basis because of its loss making plywood operations. But it is undertaking business diversification albeit belatedly and if this pays off, may reward patient minority shareholders handsomely. In the meantime, eke out an existence on 1-1.5 sen dividend.

So, Calvin, what stage is Bplant now with the latest developments? Back to joining your gang of 10 pebbles or do you have an 8th phase?

Once more, deleting his comment to hide the mixup but I am keeping my eye out for such acts of dishonesty. Calvin, man up.

Calvin, go visit a counsellor to help with your mental issues. You are so stressed you are mixing up Jtiasa and TSH in your comments. This is not the first occasion.

Calvin; I am flabbergasted to read your reply to the 51,200 comments question and can only say it contains self incriminating material that points to your state of mind. Please do take care of your mental health.

No need to ask the 3 named persons why. They have stated it publicly often enough through the years in one forum or another.

Munger/Buffet: I enjoy my job at Berthshire Hathaway making stock investments, its the best job in the world.
Kcchongnz: I want to educate people on stock investing and share with them my knowledge and experience

So...Calvin, what drives you to write 51,200 comments over 10 years?

Come on, Calvin, why do you invest so much time and effort here? The orgasmic thrill when you get a stock pick right, similar to when one strikes a lottery? The adulation of newbies who think you are some stock sifu? That thrill is fleeting and far between. Are you addicted to it though? Ten years of relentless posting!!!

Sheer enthusiasm is a kind description for Calvin; it's more like manic obsession. Over 51,200 threads over 10 years is mind boggling and all time record. What's with the guy? What does he get out of it notwithstanding all the (often well deserved) brickbats?

Bought more for long term hold in the expectation new plantation acquisitions using cash hoard will be earnings accretive with higher future dividend payouts. Just too cheap to resist at 0.3 x book value and improving prospects.

WTK which diversified into palm oil plantation later than Jtiasa is trading at a very steep discount to NTA because its unprofitable timber division is dragging down performance. It could be the next great plantation buy for the (very) patient investor.

Thanks, Calvin, but you are one of the last persons I will take advice from. With good reason, I must add. It will be akin to a teacher taking advice from a boastful primary school student.

Hi, skoh, good to see you here. Hope you are keeping well.

See-Research;
Gracias for re-printing the astounding TSH claims of the longkang clown who is probably too embarrassed to do so. You have the Jtiasa figures too?

So, Calvin the joker, tell us again your 2022 target prices for TSH and Jtiasa. Or rather, the range of target prices for you keep changing the parameters. We all know how it all turned out end 2022. Those who listened to you cried kaw kaw.

Calvin, you are a dishonest and cynical person who can't get his facts straight. None of those you label as naysayers attacked Jtiasa; it was all about you and your way off claims on palm oil stocks in 2022. Yes, and your unashamed inability to admit wrong. I hold a portfolio of plantation stocks, including Jtiasa, but do not suffer from your detestable confirmation bias. You should apologize profusely to all those who followed your kaw kaw buy, die die hold call in 2022 on your 10 pebbles and must be still hurting.

Jtiasa goes ex-dividend tomorrow but does Genine Chain about the 1.5 sen dividend? Not at all. Only Calvin will crow about a few sen dividend when capital loss is 10 times or more the dividend paid out. That's how his screwball analytical mind works.

Those Genine guys have chained Calvin to an oil palm trunk and stuffed his mouth with over ripe palm seeds for ignoring the power of a disgruntled shareholder!

Need to monitor Genine Chain's action in coming weeks. Would be surprised they want to be totally out now after Jtiasa's recovery and the resumption of dividends. 84 million shares is not that easy to sell to small retailers. Let's hope they just want to trim holdings. Whatever, it is not a positive vote.

Calvin, you are full of baloney and reek of hypocrisy. Highlighting that Fong Siling and Neoh Soon Kean holds a few million shares and urge others to follow but when second largest shareholder sells some 6 million shares, you got nothing to say. Why? Because you are a piss poor analyst.

Calvin,
Instead of giving Jtiasa one useless misnomer after another, why don't you do something useful and find out why second largest shareholder Genine Chain Ltd sold some 6.3 million shares in the last 7 trading days starting from 73 sen on 23/8? They still have some 84 million balance.

Yeah, one more profitable year making 14-16 sen per share, increasing dividend to 5-7 sen per share, no nasty surprises eating up free cash flow and Jtiasa should make it past RM1.00 comfortably to maybe RM1.20.

I don't see a merger happening. Too many cooks named Tiong boiling soup according to their personal recipes. Simpler that Jtiasa go it alone and win the cooking prize. All the conditions and ingredients are there for Jtiasa to do it.

Jtiasa is underrated for valid reasons. The 3 listed vehicles in Rimbunan Hijau group, namely Jtiasa, Stiasa, Rsawit have not been good to investors in the last 10 plus years and are rife with significant related party transactions. Their performance raises a lot of suspicions of the Tiong family that own and manage the group. They have a lot to prove and even more to disprove as it is. Only time and positive action on their part will make investors warm up to them.

Buying more for long term hold as JTiasa has turned the corner. All it needs is for management to address investor trust issues and look after minority interest for price to breach RM1.00. That means less related party transactions and more dividends paid out; 20% of profits won't cut it, can double that at least.

I surmise Calvin was trying to promote his own cleverness and clairvoyance above all else. But the market makes fools of us all from time to time and the wise man will acknowledge that. Not psycho Cal, who is adamant time will eventually prove him right. Few investors can afford that luxury.

So Calvin will hold and wait. He can't bear to admit he was dead wrong about CPO price trends in 2022. Now wait 1 year, 3 years, 5 years, 10 years for some takeover exercise to deliver value to plantation stocks?

The plain truth is that spot CPO prices fell sharply since March 2022 highs of nearly RM7000 per ton taking down plantation sector profits and with it, any chance of a sustained bull run. Of the 10 plantation stocks Calvin promoted, only Bplant is above its 2022 high and that because of corporate developments, otherwise it will be in basement territory like the rest of the 9 which includes TSH. Yet psycho Calvin touts it like he is some kind of privatization messiah, a testimony to his narcissistic streak and lack of integrity. Hey, 9 strike outs vs 1 home run paints you as a loser.