Haha Thanks .

Posted by TheContrarian > 12 minutes ago | Report Abuse

@Mikecyc, Ah Tong here we are referring to TheEdge boss who bought Insas-WC at 41.7 sen early this year.

Haha over 4 hr oredi , konHuang bok kai still twisting n diverting.. beware !

Posted by Mikecyc > 4 hours ago | Report Abuse

Haha what is the brokerage company name ?

Haha as I “recalled “ from this forum .. RI in RPS with free WC … cost of WC is RM 0.25 n those bought the balance unscripted with cost ard RM 0.32 …or cost is Higher ??

—-

Posted by TheContrarian > 3 minutes ago | Report Abuse

Ah Tong made a fool of himself by entering into Insas-WC at such a high price of 41.7 sen.

Haha finally KonLee agreed Insas is Value Trap since denying from 2021 ..No wander le Trapped in Insas WC at above RM 0.25 .🤣

So Jaks is yr “old mouse “ trap since 2017 until April 2023 ! 🤣🤣🤣🤔


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Posted by Sslee > 8 minutes ago | Report Abuse

Insas is "value" trap
Jaks is "mouse" trap !🤣🤣🤣🤔

Haha sslleeee now u agreed Insas is a value trap as u said in Jtiasa !🤣

Haha KonLee is it averaging Down ke … as u had record of 2 Lies on Averaging Down n Up !🤣🤣🤣🤔

—

Posted by Mikecyc > 51 minutes ago | Report Abuse

Haha Insas WC RM0.195 ke ! Pls don’t be mad !🤣


—-

Btw has you checked my Jaks cost as I said during u queue buy Insas WC ard RM 0.25 .. Trapped again ke ?🤣🤣🤣

Jtiasa FFB Production Output :

> 2002 started replanting:

July-Sept: FFB MT

2019: 425,801 
2020: 326,209 ( - 23.4 % vs 2019 )
2021: 195,447 ( - 54 % vs 2019 )
2022: 263,948 ( - 38 % vs 2019 )

July 2023 : 110,269
August 2023 : 120,313
Sept 2023 : 129,158

Total = 359,740 ( - 15.5 % vs 2019)


> July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )



> Compared 2024 July- September to 2023 is reduced by - 4.54 %


👉 Question 1 ) Peak Production Season is May to November, why FFB production output is reduced ?

1.) More Leased land is terminated ? Or rented land ? Or became Sawah Padi ??

2.) Palm trees r getting old ?? Due to replanting cost ???

3.) Due to Tall Palm trees ( old trees ) labour skill shortage ???

P/S : 2019: 425,801 compared 2024 343,397 is reduced - 19.4 % 😱 in 5 years .

KonLee what Shl be the reduction % in another 5 years ?

4.) How is the replanting schedule being executed, why FFB production output is fluctuated so High ??

Haha Insas WC RM0.195 ke ! Pls don’t be mad !🤣


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Btw has you checked my Jaks cost as I said during u queue buy Insas WC ard RM 0.25 .. Trapped again ke ?🤣🤣🤣

Haha Repost on Jaks from Insas forum :

Posted by Mikecyc > 1 day ago | Report Abuse

Haha secondly :

A) why Jaks profit from Vietnam Power Plant did not generate much FCF ( Free Cash Flow ) :

1.) Allocated in FCF Growth as Investment in Joint Venture and served as some kind of security on Loans ( although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years. ( Built- Operate- Transfer).

2.) Non current asset of Investment in Joint Venture is increased from :

> March 2016 = 128,297,000

TO

> June 2024 = 943 ,960,000


3.) 1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 :

Each year repaid loan amount = 0.196 billion

2021 to 2023 , 3 years = 0.588 billion

> 1.96 billion- 0.588 billion = 1.37 billion ( loans balance as at January 2024 ) .

>> Investment in Joint Venture as on June 2024 = 0.94 billion

👉Looks like the security on Loans is getting sufficient as JHDP is paying Dividend from yearly to half yearly as on June 2024 .

Haha Repost on Jaks from Insas forum :


Posted by Mikecyc > 1 day ago | Report Abuse

Haha firstly :

Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 years.


按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年

Haha why so mad KonLee , Jtiasa is dropped 6 sen ke …

Haha why so jealous KonLee , still having my balance 40 % Free Tickets of Cap A at cost RM 0.58 .

Jaks :

2.) Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( after Sslleee posted sold Jaks on April 2023 since 2017 ) ... Up to RM 0.225 in 2 months .. then invested at RM 0.19 on July 2023 .. Gap Up on 1/9/2023 to RM 0.245 …

As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .

Oh why I said wait for Jaks QR March 2024 to be released as Vietnam authorities had taken actions on 2 famous business men on corruption ( not in Power industry) ..

Btw has you checked my Jaks cost as I said during u queue buy Insas WC ard RM 0.25 .. Trapped again ke ?🤣🤣🤣

—-

Posted by Sslee > 1 minute ago | Report Abuse

Tong is now trapped high with Insas-WC
Like Mike-tikus trapped high in jaks.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Oct 21, 2024 8:55 AM | Report Abuse

Insas was a stock that Tong Kooi Ong invested into. How has his investment into Insas performed?

2.) Jtiasa FFB Production Output :

> 2002 started replanting:

July-Sept: FFB MT

2019: 425,801 
2020: 326,209 ( - 23.4 % vs 2019 )
2021: 195,447 ( - 54 % vs 2019 )
2022: 263,948 ( - 38 % vs 2019 )

July 2023 : 110,269
August 2023 : 120,313
Sept 2023 : 129,158

Total = 359,740 ( - 15.5 % vs 2019)


> July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )



> Compared 2024 July- September to 2023 is reduced by - 4.54 %


👉 Question : Peak Production Season is May to November, why FFB production output is reduced n Fluctuating so High .

Haha KonLee still twisting n diverting on my Question ( as usual lo ) why Jtiasa FBB production output is reduced n fluctuating so High during in Jtiasa !🤣🤣🤣

1.) Why Subur Tiasa and Rsawit ( under same RH group with Jtiasa ) are loss making in Timber and Plantation business?
Subur Tiasa even diversified business into pipe manufacturing n auto sector since May 2023 .😱

2.) Jtiasa FFB Production Output :

> 2002 started replanting:

July-Sept: FFB MT

2019: 425,801 
2020: 326,209 ( - 23.4 % vs 2019 )
2021: 195,447 ( - 54 % vs 2019 )
2022: 263,948 ( - 38 % vs 2019 )

July 2023 : 110,269
August 2023 : 120,313
Sept 2023 : 129,158

Total = 359,740 ( - 15.5 % vs 2019)


> July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )



> Compared 2024 July- September to 2023 is reduced by - 4.54 %


👉 Question : Peak Production Season is May to November, why FFB production output is reduced n Fluctuating so High .

3.) Compared to TSH : Jtiasa

TSH :

NTA : 1.45
Current Ratio 2.19
Debt-Equity (DE) Ratio 0.25



Jtiasa :

NTA : 1.58
Current Ratio 2.73
Debt-Equity (DE) Ratio 0.34

👉 TSH CFO n Group MD resigned on 1/9/2024 !

Jtiasa hidden risk :


Hoho Hidden Risks :

1.) Why Subur Tiasa and Rsawit ( under same RH group with Jtiasa ) are loss making in Timber and Plantation business?
Subur Tiasa even diversified business into pipe manufacturing n auto sector since May 2023 .😱

2.) Pulau Bruit land is identified suitable for Hybrid Rice cultivation on 2024 … announced by UKAS , in line with Sarawak government vision to support Sarawak rice demand by own cultivation ( currently 34 % ) . Even to rivalling Kedah which supply 40 % Rice demand in Malaysia , of course need financial supports from Federal government on this .


> An illustration: as the company said 3% planted area 69589 is > 18 years , averagely 14 years , ie : 2087 hectares going to be Sawah Padi out of the
Rented land 52,880 hectares ( 76 % of planted area) .

Note : Rented Land , Approximate age of building: 15 years


3.) Replanting cost for the rented land 52,880 x 30,000 , need Rm 1.6 Billion.

QR ended June 2024 : Reserve n Retained earnings is RM 0.5 Billion.

4.) 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 until left 6 % .

Haha konle no more shouting “ 🐍sawa come to x forum to rescue u “ 🤣🤣🤣

Haha as usual konle new tricks with thick face skin to recycle my facts n figures as well in Jtiasa .🤣🤣🤣

Haha what a Kon twisting n diverting as usual like konle!🤣🤣🤣

Posted by Huangbk72 > 17 minutes ago | Report Abuse

Miketikus.. go back to Jaks

I have a big question for you. How can FCF be allocated?


Okok.. u answer my question and I answer yours. How about that 🤣

Haha KonLee did not give u the info as he did on Jaks FCF listing !🤣🤣🤣

Haha more than 1 hr oredi , what a professional Kon team !!😱😱😱


Posted by Mikecyc > 7 minutes ago | Report Abuse

Haha 1 hour oredi ! Just a team of Kon !

Posted by Mikecyc > 1 hour ago | Report Abuse

Haha what is the brokerage company name ?

Haha 1 hour oredi ! Just a team of Kon !

Posted by Mikecyc > 1 hour ago | Report Abuse

Haha what is the brokerage company name ?

Haha 55 minutes oredi !🤣🤣🤣

Posted by Mikecyc > 55 minutes ago | Report Abuse

Haha what is the brokerage company name ?

Haha KonLee did not give another brokerage name to yr Kon gang Huang as usual ?🤣

Haha as usual Kon gang r best in twisting n diverting..

45 minutes oredi !🤣🤣🤣
Posted by Mikecyc > 45 minutes ago | Report Abuse

Haha what is the brokerage company name ?

Haha 39 minutes oredi !!🤣

Posted by Mikecyc > 39 minutes ago | Report Abuse

Haha what is the brokerage company name ?

—

Posted by Mikecyc > 14 minutes ago | Report Abuse

Haha oredi 23 minutes!!🤣🤣🤣

Posted by Mikecyc > 23 minutes ago | Report Abuse

Haha what is the brokerage company name ?

Haha always the Master mind is expert in Directing the Kon Wayang !! Beware …

Haha just the usual way Kon tricks!!!

Haha oredi 23 minutes!!🤣🤣🤣

Posted by Mikecyc > 23 minutes ago | Report Abuse

Haha what is the brokerage company name ?

Haha KonLee Kon gang Huang still twisting le … what a Tippu ..

Posted by Mikecyc > 4 minutes ago | Report Abuse

Haha yr Kon gang Huang cannot reply the brokerage company name ?🤣🤣🤣

Haha yr Kon gang Huang cannot reply the brokerage company name ?🤣🤣🤣

Haha still twisting !

Posted by Mikecyc > 11 minutes ago | Report Abuse

Haha what is the brokerage company name ?

Haha twisting !🤣

Haha what is the brokerage company name ?

Haha I had posted on 2023 :


Beware those sweets talks on US n HK stock for promoting online trading platform…maybe scam platform as news article is published. 



And an article on Forex : 



an article a few months ago .. An Artist elder brother main Forex on a Online Platform… earlier Win n Cash out a small amount… After a Year , he got hundred of followers… gain Profit more than a Million… he wanted to Cash Out .. but being failed several times with several reasons… at Last he cannot Login his Account … just a Scam Online Platform… the process may take a year to 2 year … beware …

Haha the bird totally different colour as in Tsh ..🤣

Haha someone no more shouting “🐍sawa come to X forum to rescue him “ 🤣🤣🤣

Haha Insas forum had been used as a platform by KonLee paid macai 🐍sawa n gang to promote Overseas stock : HK/ China and US on 2023 ..

Huang joined him on 2024 in TG to promote Overseas stock .. why le ? Just Tippu le ke ?

Haha as greed with OTB in YTLpower forum posted Negative views facts n figures on hidden risks :

1.) PowerSeraya 2 power plant service life to be phase out from 2016 to 2031 .. total capacity = 2900 MW .

2.) Kulai DC Green Park 500 MW : since launched in 2022 with anchor Tenant Sea Ltd , 18MW ( consortium partner for a Digital Bank Licence awarded on 2022 ) , still no other tenant.. and Sea Ltd still not in Operation… facing competition from other eco park .

3.) Wessex : water n sewerage .. incurred losses , recent QR in Profit due to tariff hike but need to pump in Capex RM 20 billion over 5 years .. still struggling to negotiate on the coming tariff with the Regulator.

OTB left n right bodyguard did not attack me as agreed … after the abusive id attacked ks5 … KonLee gang Huang tried to mislead ppl created abusive id to post abusive n unethical contents, that’s why her 3 aka id r banned permanently.

Haha ur wifey didn’t agreed with u ran away ke … pity le ..🤣

Haha now the Konartist le pretending cursing Hengyuan to be bankrupt!🤣

Haha another Konartist le , after dumb dumb hold Bplant at RM 0.68 since 2017 , did not sell at RM 1.20 … promoting with value land wow .. suddenly sold at RM 0.67 …

The price is rebounded from RM 0.64 to RM 1.01 within 11 Days .


Lee must be amm dui liaw , became a Negative commentator in Bplant forum , saying Shl be dropped below RM 0.60 .

More Amm dui as Last Price is RM 1.57 before Privatisation delisted….🤣

A Konartist as play Crack Spread wayang in Hengyuan at RM 7.00 to promote Hengyuan n Petronm .. with Kon gang with aka id in Tunepro n Netx since 2020 .

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Posted by Sslee > 1 day ago | Report Abuse

Palm oil plantation is all hard work. It show so much different between hard working plantation and lazy working plantation in FFB production and value added.

The hard working one expand into further downstream to value added speciality/functional oil/fat and oleo-chemical

While the lazy one like Bplant can even borrow money to pay dividend and then sold some of it plantation land to pare down borrowing.

Haha I am posted Negative views in YTLpower with facts n figures as agreed with OTB …

Haha curious also why TSH CFO n Group MD r resigned on 1/9/2024 …

Haha KonLee promoted also SCIB with TP RM 1.00 to RM 2.00 ke by early 2025 … don’t be So desperate le !!

Haha just curious shl it be like TDM mis-location case on 2019 , after auditor is changed on 2019 … 2019 is in Loss .. 2018 is rectified from Profit to Huge Loss …2020 to 2022 is in Loss !!!


10.
The Timber Division reported a loss before tax of RM19.9 million (Management Discussion - Page 13 of AR). However, the Segmental Information (Note 33 - Page 165-166 of AR) showed a segment profit from logs trading of RM15.821 million offset by timber manufacturing loss of (RM7.717 million). Please explain the disparity in the figures provided in Management Discussion and Segmental Information.

The RM19.9 million loss reported on page 6 & 13 of AR is the figure after consolidation adjustment, while the RM15.821 million profit under Logs trading on Note 33 page 165 of AR2023 is the figure before consolidation adjustment. Consolidation adjustment was done strictly following accounting standard and it has been verified and audited by our Auditor.

Haha why having so many mills .. under utilisation le !😱

4.
Noted that CPO mill utilization is still consider low with around 50% plus, any target to fully utilize the CPO mill by buying external fruits?
Yes, we are actively seeking to purchase more FFB from external parties as one of the sources to ensure better utilization of our CPO mill.

The target CPO mill utilization rate for FY2024 is over 60%.
Around 10% of FFB was sourced externally in FY2023.

This shl increase the Production cost per MT :

Our CPO production cost per MT is below RM3000.

( Calvin always used RM 2600 in TSH ) 🤣

Haha same hidden risk as Palm oil plantation replanting ke !😱


2.
May I known when reforestation can to harvest? As AR 2006, reforestation started planting; As AR 2010, 29924 Ha is planted at 2010. Understood that reforestation is 12-15 gestation period. Why reforestation still not in harvest time?

Yes, some of our planted trees have reached maturity stage. We are in the early planning stage where we are assessing the correct strategic entry point to start harvesting cycle as we need to ensure there are sustainable trees supplies that meet the harvesting condition under government's policy to achieve economy of scale.

Haha so desperate le promoting until saying if cannot made 600 % profit Shl become wwwoooffff ke ???🤣🤣🤣👍

Haha Balia how is yr SCIB ? Can made 600 % Profit by early 2025 ? Why still promoting SCIB as the Major is on Force Sell on July 2024 .