Haha Warchest what a bad company with bad management le … teruknya sampai Huge Debt !!

👉An illustration:

>3 months QR ended June 2024 :

Gross Profit = 20.2 %

>3 months QR ended June 2023 :

Gross Profit = 29.2 %


>> 3 months QR ended March 2024 :

Gross Profit = 17.2 %

>>3 months QR ended March 2023 :

Gross Profit = 18.1 %


>>> 3 months QR ended Dec 2023 :

Gross Profit = 34.5 %

>>> 3 months QR ended Dec 2022 :

Gross Profit = 33.9 %



>>>> 3 months QR ended September 2023 :

Gross Profit = 44.0 %

>>> 3 months QR ended September 2022 :

Gross Profit = 32.8 %

Haha will it be later like TDM on Mis-location during 2019 as posted earlier??

Haha the difference is on the other information:

In connection with our audit of the financial statements of the Group n of the Company , our responsibility is to read the Other Information and , in doing so , consider whether the other information is materially inconsistent with the financial statements of the Group n of the company or our knowledge obtained in the audit or otherwise appears to be materially misstated.

👉👉👉If based on the work we have performed , we conclude that there is a material misstatement of this other information , we are required to report that fact .😱🤔

Haha that’s why …

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

Leong Hup International Berhad (KLSE:LHI) investors are sitting on a loss of 19% if they invested five years ago

Haha recalled Samling group … the HQ Financial controller need to do inspection yearly inside the Forestry n Plywood

—-

In connection with our audit of the financial statements of the Group n of the Company , our responsibility is to read the Other Information and , in doing so , consider whether the other information is materially inconsistent with the financial statements of the Group n of the company or our knowledge obtained in the audit or otherwise appears to be materially misstated.

👉👉👉If based on the work we have performed , we conclude that there is a material misstatement of this other information , we are required to report that fact .😱🤔

👉An illustration:

>3 months QR ended June 2024 :

Gross Profit = 20.2 %

>3 months QR ended June 2023 :

Gross Profit = 29.2 %

Haha konartist sslleee can check ke how much or how many % of rental as Premium Payable on FFB ???😱🤔


A.) Pulau Bruit Plantations :

1.) Wealth Houses : 6000 hectares ( Rented became Leased land on FY24 ) .

FY24 : Total Rented Land on Planted Area = 46,880 hectares!😱

Haha wow scary le , Konartist sslleee had been shouting Jaks impairment on property n receiveable over 5 years total ard RM 136 million… but Jtiasa just one Financial Year :

👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔

Total Assets is reduced:

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )

👉👉Is reduced by RM 427 million from 2019 to 2024 , ie : over 5 years .


👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔



>> Referred to QR ended June 2024 :


a) Financial assets

Trade and other receivables 42,883,000

Cash n balances/ equivalents 283,037,000


total = 325,920,000


b) Financial liabilities

Loans and borrowings 194,229,000


Trade and other payables 84,278,000

Lease liabilities -

total = 278,507,000


a) - b ) = 47,413,000







——-

Referred to QR ended March 2024 :


a) Financial assets

Trade and other receivables 54,876,000

Cash and bank balances 270,371,000


total = 325,347,000


b) Financial liabilities

Loans and borrowings 242,160,000


Trade and other payables 81,569,000

Lease liabilities -

total = 323,729,000


a) - b ) = 1,618,000

Haha Independent Auditors Report:

FY24 :

Key Audit matters:

1.) Impairment review of PPE :

The carrying amount of the group PPE associated with subsidiaries incurring Operational losses was RM 110.6 million.

2.) Impairment review of investments in subsidiaries:

Impairment Loss of RM 40.6 million.

3.) Information other than the financial statements and auditors’ report thereon:

Our opinion on the financial statements of the Group and of the Company does not cover the other information and we do not express any form of assurance conclusion thereon .

In connection with our audit of the financial statements of the Group n of the Company , our responsibility is to read the Other Information and , in doing so , consider whether the other information is materially inconsistent with the financial statements of the Group n of the company or our knowledge obtained in the audit or otherwise appears to be materially misstated.

👉👉👉If based on the work we have performed , we conclude that there is a material misstatement of this other information , we are required to report that fact .😱🤔

Haha no wander those WHD owners of insider sold 55 % to Jtiasa on August 2023 .. as Pulau Bruit is identified suitable for Hybrid Rice cultivation on February 2024 !


The risks is proportional spread to listed Jtiasa n saved on Replanting cost ! 👍


Referred FY24 Annual Report:

A.) Pulau Bruit Plantations :

1.) Wealth Houses : 6000 hectares ( became Leased land on FY24 ) .

2.) Lepah : 5149 hectares

3.) Eastern : 10,000 hectares

4.) Poh Zhrn : 5000 hectares

Total = 26149 hectares

Represent 49.4 % of Rented Land on FY23 and 43 % on FY 24 .


B .) Daro District

1.) Daro : 11681 hectares

Total = 37830 hectares

Total A + B Represent 71.5 % of Rented Land on FY23 and 67.9 % on FY 24 .

Haha QR ended June 2024… Profit RM 96.5 million but Total Assets is reduced by RM 115 million !

Haha emm .. looks like the WHD case is a signal of insider conflict of interests as in WTK ( too many legal suits until is dragged for years ) n recently as I am posted in TSH !😱😱😱

Haha alamak on DY :

2019 : 2.06 %

2020 : 0.79 %

2021 : 1.21 %

20222 : 0.0 %

2023 : 4.20 %

The worst is since Listed on 2019 ..Price is down only from ard RM 1.07 …until 52W : 0.510 —- 0.775

> is a bad company with bad management…. Better put in FD with higher Return … what is yr point of views , Warchest ?

Haha Conartist better take care of yr ddoc sonn … please do not let him hungry 😋 any more … 😭 👴 😭 👩 here ! Take care of yr mentally condition!

Haha yr partner ( side-kick ) in Netx .. Stockraider always cursed ppl Dive into Sg Klang … last is in Bjcorp cursed forumers family.. must be the curse arrow U Turn shot on him … karma lo !

Haha Conartist Callvin r u taking the right medication?

1.) Esceramic: u asked 2 times on TP .. my replied is Correct lo .

2.) Luxchem : as said is one of RHB Small Cap Jewels .. bought earlier n CutWin on the TP which I replied u !

Better do not continue to seek treatment from yr owned claimed doc son during Promoting Esceramic! 🤣🤣🤣

Haha some more Total Assets is Reduced by RM 115 million from Dec 2023 to June 2024 !

Haha this is not a Good Sign le :

Change in Principal Officer

LEONG HUP INTERNATIONAL BERHAD

Date of change 01 Jan 2025
Name MR CHONG CHOON YENG
Age 53
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Office

Haha Warchest is it a bad company with bad management that managed until High Debt !!!

Current Ratio 1.32
Debt-Equity (DE) Ratio 1.54
FCF Yield 2.24 %
Revenue QoQ -2.32 %
Revenue YoY -2.44%

Further to the Company's announcement dated 5 November 2024, the Company wishes to announce the other salient terms of the Settlement Agreement as follows: - 1. JRB shall pay to Star Media Group Berhad (“STAR”) the sum of Ringgit Malaysia Five Million (RM5,000,000-00) by way of cash settlement within twelve (12) months from the date of this Settlement Agreement. 2. The Title to Tower A shall be delivered to STAR pursuant to the SPA within three (3) years from the date of this Settlement Agreement (“Title Delivery Date”), failing which STAR shall be entitled to late delivery interests at the rate of five per centum (5%) per annum calculated on the sum of Ringgit Malaysia One Hundred and Thirty-Four Million Five Hundred Thousand (RM134,500,000-00) from first (1st) day after the Title Delivery Date until the Title to Tower A has been delivered to STAR. 3. Both parties shall withdraw all suits and counterclaim with no order as to cost and without liberty to file afresh which has been done. Save for the settlement amounts to be paid, the Settlement Agreement is not expected to have any material financial or operational impact to the Group. This announcement is dated 6 November 2024.

Haha Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

800 MW CGPP winners even can sell RE electricity cross border.



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) CAGR : 3Y + 29.9 % TTM + 28.4 %

Haha really laugh live me lo …🤣🤣🤣

Conartist Callvin owned claimed doc son surfaced due to no milk money ke … pity lo too hungry ke …. yr papaa Conartist is yr follower le ….

Haha what a pity le mentally desperate Conartist Callvin ppl called part time pastor in Netx .. telling lie by lie to promote Netx ( a news article said is 1 of 46 kon stock , share consolidation 25 into 1 ) ...

so mentally desperate calling Here Bodo editor , remisier n ppl ! what a shameless Liar !

Haha year 2026 is Glove year … plan early !!!

Haha copied from ethical Sifu 3iii in Pchem :



Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 hours ago | Report Abuse

When Trump wins:

1. Shale oil mining will be restarted. US will be energy independent. Oil price should fall.
2. Hopefully, he will be able to bring peace to Ukraine/Russia and Israel/Palestinian. Wars are terrible events, best prevented always.
3. US-China relationship will continue to be strained. SEA countries may benefit from this.

Haha big cannon Conartist Callvin usual Kon tricks .. but this rd he is getting mentally desperate liaw !

Seek treatment from yr own claimed Doc son !



-//

Posted by calvintaneng > 6 minutes ago | Report Abuse

hahaha

Mickey mouse talked about the dutch lady?

now is Holland grandma

so he attacks his dinosaur 🦕 sifu 3iii

LOL !!!

Haha ops .. Trump won 277 ..

Haha no worries Konartist sslleee … Pulau Bruit area is only 41,700 hectares.. cover area from nearby Daro District… before Mukah Division le ..

Oh these 2 Jtiasa Plantations ke :

Daro Plantation: 11,681 hectare

Lassa Plantation: 21,300 hectares

Haha 230 vs 210 … the Lady go go go chasing up …

Haha just Jtiasa 1 month Production output la …

—-

2024-2025 marketing year
China's first purchase of US soybeans for the 2024-2025 marketing year was 132,000 metric tons.

Yes, China imports soybeans from the United States, but the share of US soybeans in China's imports has been decreasing:

2024-2025 marketing year
China's first purchase of US soybeans for the 2024-2025 marketing year was 132,000 metric tons.

US share of China's soybean imports
The US share of China's soybean imports has been decreasing since 2016, when it was 39%. In 2018, it fell to 13% due to trade tensions and Chinese buyers purchasing more from Brazil. Since 2020, the US share has averaged just over 50%.

US soybean exports to China
In 2023, the total value of US soybean exports to China was $15.06 billion.

China's soybean imports from other countries
China has been increasing its purchases from Brazil and Argentina due to low prices and strong harvests in South America.

Haha as posted earlier > RM 22.0 million for 1,346 hectares….

RM 500 million for 30,590 hectares ??? Of coz Shl be Less a bit la …



—/

“These include the upgrading of the drainage system and levee in the Kampung Tekajong agricultural area, covering 676 hectares at a cost of RM11.5 million. Another project involves upgrading the drainage system in Kampung Bruit, covering 670 hectares at a cost of RM10.5 million. Both areas are seen as promising for paddy cultivation.

Haha don’t play play with Sarawak govt le … Putrajaya also focusing !👍👏

农业部拟设南部综合发展区 提高森甲柔稻米产量
2024年11月06日


马六甲5日讯）农业及粮食安全部考虑设立南部综合农业发展区（IADA），协助森美兰、马六甲和柔佛的稻农提升稻米产量。

部长拿督斯里莫哈末沙布指出，如果IADA得以成立，这3个州属的稻农，将能受益于更有系统的水源管理和稻米种植。

他说，目前这3州的稻农面临灌溉问题，且部分土地被转为种植其他农作物，或被开发为住宅区。

“这些州属的稻农目前仍依赖雨水进行稻米种植，因为灌溉系统尚不完善。而且，由于这些地区位于非米仓区，尚未有专门的IADA来支援当地的稻农。”


莫哈末沙布昨日在万里望甘榜森邦，出席马来西亚农业与发展研究院（MARDI）研发的MR326新品种稻米推介礼上如是指出。该活动由甲州首席部长拿督斯里阿都拉勿主持，出席者包括甲州政府秘书拿督阿兹哈、甲州乡村发展及农业与粮食安全委员会主席拿督阿克马等。


探讨沙砂设新米仓区
莫哈末沙布补充，该部也在努力向政府申请额外资金，以改善非米仓区的稻田灌溉系统。
ADVERTISEMENT
此外，他透露，该部已多次与沙巴和砂拉越政府进行会谈，探讨在这两个州开设新的米仓区。

👉👉👉“砂拉越政府通过2025年砂拉越预算案中，将拨款5亿令吉，用于改善当地的稻田基础设施，以确保我国在未来拥有充足的稻米供应。”👍

Haha is WHD case a sign of maybe like TSH insiders ???

Since RH group other listed companies: Rsawit n SuburTiasa are loss making in Timber n Plantation business ?

Haha Half past 6 Konartist sslleee yr idol Conartist Callvin still Big Cannon in TSH , you no more support ke as he said you r the Plantation Expert !🤣🤣🤣🤔

Haha what happened to those insiders … more excitement than Conartist Callvin directed Wayang !🤣🤔

Haha what a Big Big Cannon Conartist Callvin..

👉 Director Kelvin Tan Aik Pen came back and took charge of Tsh

Redesignation
Previous Position Non Executive Chairman

New Position Executive Chairman
Directorate Executive

👉Vela Tan former CEO of Ijm plant now joined Tsh to spearhead new planting

Name MR VELAYUTHAN A/L TAN KIM SONG
Age 70
Gender Male
Nationality Malaysia
Type of change Cessation Of Office
Designation Member of Audit Committee
Directorate Non Independent and Non Executive

👉👉👉 Haha earlier ED resigned, CFO resigned… now Group MD resigned .

Just the Chairman Redesignation from Non Executive Chairman to Executive Chairman .

And

Change in Audit Committee
TSH RESOURCES BERHAD
Date of change 01 Sep 2024
Name MR VELAYUTHAN A/L TAN KIM SONG
Age 70
Gender Male
Nationality Malaysia
Type of change Cessation Of Office

To >

Redesignation
Previous Position Independent Director
New Position Non-Independent Director
Directorate Non Independent and Non Executive

14 September 2024

Pulau Bruit can be key food hub, says Abdullah

DARO: Pulau Bruit holds immense potential to become a key hub for supplying seafood, fruits and rice to central Sarawak.

Deputy Minister in the Premier’s Department (Corporate Affairs, Information, and UKAS) Datuk Abdullah Saidol said with the impending completion of the Batang Paloh and Batang Lasa bridges, the transportation of seafood and agricultural produce will soon be more efficient.

He said this will ensure the goods reach markets and dining tables across Sarawak with greater ease.

“The island’s fishermen association has 1,587 registered members, while 1,004 farmers and 804 paddy growers are working in the area.

“Furthermore, there are several ongoing projects led by the Department of Drainage and Irrigation (DID) aimed at improving agricultural infrastructure on Pulau Bruit.

“These include the upgrading of the drainage system and levee in the Kampung Tekajong agricultural area, covering 676 hectares at a cost of RM11.5 million. Another project involves upgrading the drainage system in Kampung Bruit, covering 670 hectares at a cost of RM10.5 million. Both areas are seen as promising for paddy cultivation.

Pulau Bruit, with its strategic location, also has the potential to become a vital food supply hub for central Sarawak,” he said during the opening ceremony of Pesta Pulau Bruit 2024 at the Rural Growth Centre Commercial Site in Semop here on Saturday (Sept 14).

Haha still a Big Big Cannon….

Posted by calvintaneng > 33 minutes ago | Report Abuse
Who took charge? 

Director Kelvin Tan Aik Pen came back and took charge of Tsh 


Vela Tan former CEO of Ijm plant now joined Tsh to spearhead new planting 

So Tsh now in very good hands


-/

Change in Boardroom
TSH RESOURCES BERHAD
Date of change 01 Sep 2024
Name DATUK KELVIN TAN AIK PEN
Age 66
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Non Executive Chairman
New Position Executive Chairman
Directorate Executive



Change in Audit Committee
TSH RESOURCES BERHAD
Date of change 01 Sep 2024
Name MR VELAYUTHAN A/L TAN KIM SONG
Age 70
Gender Male
Nationality Malaysia
Type of change Cessation Of Office
Designation Member of Audit Committee
Directorate Non Independent and Non Executive
Composition of Audit Committee (Name and Directorate of members after change) Composition of the Audit Committee after change: 1. Paul Lim Joo Heng (Chairman, Independent Non-Executive Director) 2. Dato' Jasmy bin Ismail (Member, Independent Non-Executive Director) 3. Lim Fook Hin (Member, Non-Independent Non-Executive Director)

Haha … the same Chairman whom bought 500,000 shares each day during 2022 price Uptrend to above RM 1.80 …


>> Details :

bought 25 million share .. Top 3 Tunas with 4.92 % is Sold Over 50 million share as at March 2022 … Balance ard 16 million share .. still Selling ke ?? No need to Report,no body know !!! Top 4 Embun Yakin with 4.88 % is started Selling ke ??? And the 4 with surname Tan whom are Not in BOD , holding Less than 5 % , Total ard 14 % … Got action ke ???


>> Waiting See see look look on FY22 Annual Report …

Update : Top 3 n Top 4 ( 2 Sdn bhd companies ) no longer in Top 30 list ) 



—-

Changes in Director's Interest (Section 219 of CA 2016)
TSH RESOURCES BERHAD
Information Compiled By KLSE
Particulars of Director
Name TAN AIK PEN
Descriptions(Class) Ordinary shares
Details of changes
No Date of change No of securities Type of transaction Nature of Interest
1 19/05/2023 1,909,570 Transferred Direct Interest
Name of registered holder Tan Aik Pen
Description of "Others" Type of Transaction
Consideration (if any)
Circumstances by reason of which change has occurred Transmission of Shares - Receipt of ordinary shares as beneficiary from late parent, Mr Tan Soon Hong by way of ordinary transfer.
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 342,708,887
Direct (%) 24.831
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice 22/05/2023
Date notice received by Listed Issuer 22/05/2023




—-

Changes in Director's Interest (Section 219 of CA 2016)
TSH RESOURCES BERHAD
Information Compiled By KLSE
Particulars of Director
Name TAN AIK PEN
Descriptions(Class) Ordinary shares
Details of changes
No Date of change No of securities Type of transaction Nature of Interest
1 30/12/2022 500,000 Acquired Direct Interest
Name of registered holder Tan Aik Pen
Description of "Others" Type of Transaction
Consideration (if any)
Circumstances by reason of which change has occurred Purchase of shares
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 337,299,317
Direct (%) 24.439
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice 30/12/2022
Date notice received by Listed Issuer 30/12/2022

Haha ya lo big cannon Conartist Callvin is the patsy until mentally desperate… a newbie trader also knew something is Not right of the company, judging on these :


TSH : change in Principle Officer :

2) Resignation of Principal Officer : 



A) ED Tan resigned on June 2022 



B ) Ex CFO resigned on June 2022 



C) CFO Tan whom is appointed on June resigned on 4/8/2022 ….


D) New CFO Fong resigned on 1/9/2024


E) Group MD Tan resigned on 1/9/2024


Haha as said earlier: year 2025 is Jaks year !

Let’s see the Last hurdle : LSS5 2000 MW EPCC RM 7.2 billion tender winners to be announced starting from November 2024 …

Haha half past 6 Konartist sslleee why ah u n yr idol big cannon Conartist Callvin promoted TSH even 3 CFO resigned… ED resigned…recently Group MD resigned!😱😱😱🤔


A newbie trader also knew something is Not Right of the company!🤣🤣🤣🤔

Haha half past 6 konartist sslleee why u n i3lurrker aka Balia promoted SCIB even the Major ( over 20 % ) is on Force Sell on July 2024 !😱😱😱🤔

3.) Colgate 

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