Yinson :

>Referred to FY2024 Annual Report >

Treasury shares ( SBB ) : 157,333,000 unit ( 4.94 % , RM 369 million)


> QR ended July 2024 :

Treasury shares ( SBB ) : ? Unit ( ? % , RM 470 million )


👉Question: Why Spent so much money on SBB to push up the Price ? Where as EPF n KWAP rotating Cari Untung . The worst is loans n borrowings is keep increasing ?? 😱

Pchem

Haha this is interesting… let’s see coming QR result ended September….an opportunity for Entry or CutWin ???


> QR ended June 2024 :

Exchange Rate :

USD / MYR

Average Rate 4.7323
Closing Rate. 4.7205


>> 30/9/2024 4.12557

USD /MYR is depreciated by 12.85 %


>>> As at 8/11/2024 4.38259

Haha is this the reason why Latest QR ended March n June , profit is reduced???

As insider said FY23 .. CPO mill utilisation is ard 50 % … 10 % FFB is outsourced.. FY24 utilisation is expected ard 60 % .. with higher % of outsourced FFB !

Haha this is worrying .. Own Plantations are 54 % in Pulau Bruit …suitable for Hybrid Rice Cultivation lo !😱😱😱🤔

And Erajaya / Daro Jaya Plantation 9,841 hectares is near Pulau Bruit in Daro District under Mukah Division.


Jtiasa : Plantation Planted Area

FY24 Annual Report:

100% Eastern Eden Sdn Bhd ( Pulau Bruit )
> 8,580 hectares

100% Erajaya Synergy Sdn Bhd / Daro Jaya ( Mukah )
> 9,841 hectares


100% Poh Zhen Sdn Bhd ( Pulau Bruit )
> 2,933 hectares


100% Simalau Plantation Sdn Bhd
> 4,866 hectares

55%. Wealth Houses ( Pulau Bruit )
> 5,757 hectares

👉Total Own Plantation Planted Area = 31,977 hectares

👉👉Compared to FY2021 = 35,865 hectares

>>> is reduced by 3,888 hectares or - 10.84 %

>>> 100% Hariyama Sdn Bhd : 9,645 hectares is no longer owned by Jtiasa ….

>>> 55%. Wealth Houses ( Pulau Bruit )
> 5,757 hectares is owned by Jtiasa on August 2023 .

—

FY23 Annual Report:

Oil Palm Plantation
Daro Jaya
Kabang
Lassa
Lepah
Pulau Bruit (Wealth Houses, Eastern Eden & Poh Zhen)
Sawai
Simalau
Hariyama


—-

FY21 Annual Report


CORPORATE STRUCTURE

100% Eastern Eden Sdn Bhd : 8,580 hectares

100% Erajaya Synergy Sdn Bhd : 9,841 hectares

100% Poh Zhen Sdn Bhd : 2,933 hectares

100% Simalau Plantation Sdn Bhd.: 4,866 hectares

100% Hariyama Sdn Bhd : 9,645 hectares

Total Own Plantation Planted Area = 35,865 hectares

Haha konartist sslleee learned Directing Wayang ke …

Haha Repost :

maybe just a coincidence ke ???

Haha Genine ( Jtiasa 2nd Major , 14.68 % to 6 % ) started disposed 8.6 % share from August 2023 to July 2024 … ie : RM 0.84 to RM 1.53 to RM 1.10.

Will it be drop below RM 1.00 after unloading??? Or another unloading after QR ended September is released ??

Haha another hidden risk on Yinson is Financial Results Reporting…

Haha more risk on Yinson as FPSO Atlanta still not First Oil yet .. initially commissioned by February 2024 …


Let’s do an illustration if Delayed A Day :

"In July 2023, Yinson Production exercised its option to purchase FPSO Atlanta, which includes a 15-year firm plus a five-year option contract for the supply, operations and maintenance with a total contract value of up to US$1.981 billion (US$1=RM4. 71),” it said in a joint statement.


USD 1.981 billion x 4.30 = RM 8.52 billion/ 15 years x 365 days

1st oil if delayed of 1 Day Shl incurred Revenue Loss = RM 1.56 million/ day

Another risk : Currency exchange rate USD to RM is dropped to 4.38 from 4.71 .

Repost :

Haha Konartist sslleee is Jaks below Ratios better than Yinson :


Yinson

Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.24 %



Jaks

Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.81 %

Haha is Yinson a growth stock ?

Haha worried hidden risks on Yinson QR ended April 2024 n July 2024 :

>QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.

>> QR ended July 2024 , Net Profit RM 203 million- RM 3,025 million ( increased of Loans n borrowings) = - RM 2,822 million.😱



-

Yinson Loans n Borrowings:


3.) QR ended July 2024

RM 19,580 million


👉Compared Q to Q : is increased by RM 3,025 million.



2.) QR ended April 2024

RM 16,555 million.


👉Compared Q to Q : is increased by RM 236 million.


1.) QR ended January 2024

RM 16,319 million.

Haha during debated with Konartist sslleee , he said Yinson is Growth stock and Jtiasa is Dividend stock … my pick is Scicom …

Jaks is my calculated Risk stock …

👉 I asked Konartist sslleee in Jtiasa forum :

1.) what is Indonesia CPO export ban status?

2.) What is Indonesia Biodiesel programme progress status ?

Konartist sslleee replied is he just want to make money only …🤣🤣🤣😅🤔
…

Posted by Mikecyc > 5 hours ago | Report Abuse

Haha konartist sslleee why so jealous le until telling lies by lies :


1.) Never Win in investing since 2016 to 2023 … even telling Lies on his 1st Win and the Only Win on Insas WC RM 250,000 .. further telling Lies on his Win on MMC RM 180,000 which Konartist sslleee thanks me on highlighted it in Insas .

—

Posted by Philip ( buy what you understand) > 33 minutes ago | Report Abuse

Move on with your life.... sslee making tons of money in jtiasa now your eyes getting redder and redder, better just learn how to actually make money in stock market and move on and get better performance instead of reposting reposting stuck forever in a rut.

If sslee can move on from insas and jaks and xinquan who am I to berate him further as he starts to learn how to pick stocks and buy what he knows. FYI sslee

Haha the Kidd story teller invested in Harta at High Price … taken 3 years ( 2022 to 2024 ) to average down , n with Dividends.. managed to gain some profit !

Haha why Cold eye with Eagle eyes invested in Jtiasa at the Right Timing :


A.) Scicom :

1.) CAGR : 3Y - 1.9 % TTM - 1.9 %

2.) ROE : 24.05 %

3.) Dividend :
2020 : 5.46 %
2021 : 5.31 %
2022 : 7.0 %
2023 : 7.02 %
2024 : 7.07 %


4.) PER : 11

5.) FCF Yield : 10.8 %


B.) Jtiasa :

1.) CAGR : 3Y 64.8 % TTM 64.8 %

2.) ROE : 12.59 %

3.) Dividend :
2020 : 0 %
2021 : 0 %
2022 : 4.83 %
2023 : 4.51 %
2024 : 5.41 %


4.) PER : 8.9

5.) FCF Yield : 19.59 %



C.) Pchem

1.) CAGR : 3Y 1.4 % TTM - 22.5 %

2.) ROE : 4.36 %

3.) Dividend :
2019 : 3.13 %
2020 : 1.59 %
2021 : 6.10 %
2022 : 5.68%
2023 : 1.86%


4.) PER : 19.7

5.) FCF Yield : 1.42 %

Haha engine is getting hot … need cooling down first ..

RSI(14) Neutral 67.3
Stochastic(14) Overbought 94.4
Average Volume (3M) 3,168,800
Relative Volume 2.0

Haha even Konartist sslleee laughing at Kidd story teller why sold Top Glove so Early ( recalled ard June 2021 , at ard RM 6 to 6.50 ) … n Bought Harta at RM 5.80 ..( the someone said much higher ) …

Haha this someone seems knew Kidd story teller well le …

Haha not like Kidd story teller used his tongue to get the initial investing capital !😱😱😱🤔

Haha as said Hoho had commented on yr Picks in Pchem forum :


1.) Harta
2.) QL
3.) Yinson
4.) Pchem

Haha all those words that I am in retaliation of what Konartist sslleee said …

Haha further to Glove rally during pandemic ( China started Feb 2020 , Malaysia started March 2020 ) …I did made profit on Kossan and Comfort.

I did a study on Demand vs Supply of 7 local nitrile gloves companies posted on August 2020 that supply shl be fulfilled demand by netx 12 months from August 2020 .

And posted TG TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 .


—

The firm said Covid-19 cases in the US had increased beyond expectations.



As a result, it estimated that glove demand had increased in the US, causing further depletion in global stock levels.



>> "Our estimates show that global stock levels could have declined by an additional two per cent to 10.8 billion pieces. This is enough for 15 days of demand (previously 15.2 days) and much lower than the prepandemic 60-day average," it added.



From July 8-12, the number of new cases rose to above 60,000 per day.



As of July 12, the total new cases increased by 367,000 or 24 per cent on a month-to-date basis to 3.27 million.



"As Covid-19 cases remain high in the US, demand for gloves should stay exceptionally strong, given its importance in protecting healthcare workers.



"As the US is the world's biggest glove consumer, its stubbornly high number of cases means that demand for gloves should continue to rise," RHB Research said.


>>>



global stock level 10.8 billion for 15 days demand during Pandemic.



Haha according to nanyang news in July2020 , China has donated 26.0 billion hand gloves n 620 million face mask to US.



-----



10.8 b x 2x12 months = 259.2 billion demand for netx 12 months starting August 2020 .



>> Note : 10.8 b x2 x 12 = 259.2 billion is to meet the Demand contract order for queing 1 year start from August 2020 . It is additional 129.6 billion pieces .



## Hartalega Holdings Bhd executive chairman Kuan Kam Hon said :
Demand of 120 billion more pieces of gloves in the Netx 3 years



> Haha what a coincidentally figure demand 120 billion more pieces in the Netx 3 years , can 259.2 billion pieces being produce in 1 year which included the additional demand qty 129.6 billion .


----



haha lets do a research study on following gloves companies 1 year production capacity on Nitrile gloves only :



a.)Top glove : 50 % nitrile , output 84.1 billion/ year towards end 2020 , and expect change to 60 % nitrile .



84.1 b x 0.6 = 50.46 billion



b.) Hartalega : 95 % nitrile, yearly output 24.5 billion .



24.5 b x 0.95 = 23.28 billion



c.) Supermax: 90 % nitrile, yearly output 27.4 billion.



27.4 b x 0.9 = 24.66 billion



d.) Kossan : 75 % nitrile , yearly output 32.0 billion.



32.0 b x 0.75 = 24.0 billion



>>> Big 4 total nitrile gloves output for 12 months = 50.46 +23.28 + 24.66 + 24 = 122.4 billion.



Others gloves company :



1.) Comfort : 60 % nitrile, yearly output 5.9 billion .



5.9 b x 0.6 = 3.54 billion



2.) YTY : captured 11 % nitrile market since 2011 , estimated 18 % in 2020 :


259.2 b x 0.18 = 46.66 billion



3. Smart Gloves : 95 % nitrile, yearly output 8.2 billion


8.2 b x 0.95 = 7.79 billion.



## Just these 7 glove companies 12 months output ( 1 year ) = 122.4 +3.54 + 46.66 + 7.79 = 180.39 billion .



### 180.39 b / 259.2 b =69.6 % of world nitrile gloves consumption for the netx 12 months from August 2020 .



note : YTY in under Indonesia mother company group.

Haha really laugh live me lo .. after Hoho posted the Negative facts n figures on ASP Shl be bottoming after March 2022 in Harta forum … the Kidd Story Teller had closed his portfolio forum …

Haha as said n in YTLpower also … I will not attack ppl 1st …

Kidd be mature in Public forum … if not better stay in the close private forum …

Haha Repost ;


Haha Cold Eye like eagle eyes invested on Jtiasa at the right Timing started FY22. But he also has eagle eyes when to unloading as he said will not buy those stocks with SLOW returns ! 👍


Not like Buy What u Not understand Serba snake n dragon story teller bought Harta at High price , promoted at RM 5.80 on early 2022 saying knew the Product cost ( after visited the Plant 🤣🤔) , didn’t know the ASP movement !

Haha as usual Serba promoter 🐍n 🐉 story teller on buy what u not understand .. no facts on Jtiasa ke !🤣🤔

Haha looks like State govt shl provide more support on Hybrid rice cultivation..

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

Haha EU is the 3rd Largest importer of Indonesia CPO …

Haha Recap on why Indonesia is urgent to implement Biodiesel from B35 to B40 to B50 by 2025-2026 :

1.) EUDR :

Postponement of EUDR's entry into application


The Commission is proposing an amendment to the EUDR that would postpone (a) its date of entry into application from 30 December 2024 to 30 December 2025 (and till 30 June 2026 for small and micro-enterprises) and (b) benchmarking deadline to 30 June 2025.

Haha as said earlier.. QR ended September Shl be Higher profit compared Q to Q due to Production Output Peak Season..

But it is an Unloading opportunity also for those bought much earlier… like 2nd Major Genine… another round ke ???

Haha konartist sslleee no more shouting ke Jtiasa waves 2 is coming…🤣

Haha this TA is quite accurate as in YTLpower also …. Not like Konartist sslleee own claimed TA Guru … going to see 5 waves wow .. but didn’t know the waves name is EW … even shouting happily Waves 2 is coming.. but did not waves 2 is Downtrend..🤣🤣🤣🤔


南洋行家论股
上升股:常成控股 阻力RM1.32

Tan KW

Publish date: Sat, 12 Oct 2024, 04:15 AM

常成控股（JTIASA，4383，主板种植股）的日线图，在10月11日闭市时报收1.18令吉，按日涨4.0仙或3.51%。股价开始出现买气，进入上升趋势周期，出现旗帜型态的突破。日线相对强度指数（RSI）处于68.32水平。股价或在短期继续上探1.28至1.32令吉的阻力水平，支撑位置处于1.11至1.14令吉。

11/10/24行情

闭市：1.18令吉

起落：0.04令吉

成交量：29915宗

最高：1.18令吉

最低：1.14令吉

52周高：1.53令吉

52周低：0.835令吉

Haha konartist sslleee why so jealous le until telling lies by lies :


1.) Never Win in investing since 2016 to 2023 … even telling Lies on his 1st Win and the Only Win on Insas WC RM 250,000 .. further telling Lies on his Win on MMC RM 180,000 which Konartist sslleee thanks me on highlighted it in Insas .

Haha since Konartist sslleee approached me 1st in Netx on 2020 … this is the 1st time he repeatedly shouting TP with over 52W H RM 1.53 ..

And he and his Kon gang had tried many ways to prevent me from posting in Jtiasa forum… seems he is Trapped High … same as Conartist Callvin is Trapped High in TSH !

Haha 17 years old Trees by 2025 ke ..

Posted by Mikecyc > 12 hours ago | Report Abuse

Haha konartist sslleee Jtiasa rented Land is 16 years old ke !!


—-

None of Durafarm’s oil palm trees are currently in a prime maturity stage (aged between 9 to 14). Only 2.71% of its oil palm trees are in the mature stage (aged between 15 and 18), while as much as 13.4% are categorised as old (aged between 19 and 25).

Haha Sarawak state government shl support and agree ke…


No plans for industrial, farming land to be returned to states upon lease renewal
Faisal Asyraf
-
02 Sep 2024, 05:33 PM
The government is considering a proposal for plantation companies to return 20% of land leased from state governments as a condition for the renewal of their leases.


PUTRAJAYA: A proposal for portions of leased land to be returned to state governments upon the renewal of their leases does not involve industrial or farming land, says deputy prime minister Ahmad Zahid Hamidi.

Yesterday, Zahid said the government is considering a proposal for plantation companies to return 20% of land leased from state governments as a condition for the renewal of their leases.

“(The proposal) does not include industrial and farming plots,” he told reporters at the Putrajaya International Convention Centre today.

Sarawak plantations to feel the heat with new tax collection

Bernama
-
03 Apr 2023, 11:23 PM
Oil palm estates will not dare under-declare to the land and survey department, says Sarawak’s deputy premier.

SIBU: Local councils in Sarawak are expected to gain improved revenue following the revision of the land tax rate which began early this year.

Sarawak deputy premier Dr Sim Kui Hian said the local councils which collect levy from oil palm estates would have the revenue collected on their behalf by the land and survey department.

Sim explained that the task of collecting the levy was given to the department as previously oil palm estates had the tendency to under-declare and the local councils could not do anything about it.

“But now if they under-declare, the department can take action against them which includes taking back the land that the plantation did not declare. I don’t think they want that to happen,” he said at the installation of councillors of the Sibu rural district council.


Sim said plantations used to pay RM1 million per year but now it is about RM10 million per year.

The new tax rate was approved on June 16 last year and came into effect early this year.

The new rate for agricultural land of more than 40.47 hectares (commercial agriculture) is RM30 per hectare where RM25 per hectare is collected as land tax while RM5 is collected as estate levy by the department on behalf of the local councils.

Haha as WTK commented several years ago :

State Gov policies did not Support logging n timber compared to Indonesia Govt .

So after state Govt settled royalty of Sarawak oil with Petronas (From 5% of gross value previously, the state's oil royalty now includes 20% of net profit from its oil-producing activities. ) …

Sarawak Shl allocate more budget ( oredi budgeted RM 500 million ) to support n expedite Hybrid rice cultivation…

Haha Thanks ethical Sifu 3iii !

Copied from ppl post :

Posted by Patient Investor > 59 minutes ago | Report Abuse
@Sslee @calvintaneng 
Can help to elaborate pg 142 of annual report, it states "It is assumed that the harvested timber will be sold locally. The export of planted timber extracted 
from reforested plantation is currently suspended by the Government of Sarawak until further 
notice. In addition, the Group has not obtained the license to harvest the reforested plantation." 

So who are actually harvesting and selling the log in Jtiasa monthly production report?

Haha so the New CEO appointed on 2021 is EX CEO of Rsawit rest on 2019 ( Lowest Price on 2019) in RH group …. Why Rsawit n SuburTiasa a r Loss Making in Timber n Plantation!!!

Haha what happened to Jtiasa Timber business ?


Where as WTK >>
CFI is pleased to announce that it acted as exclusive financial advisor to Daiken Corporation in the acquisition of WTK Reforestation Sdn. Bhd. by Daiken ..

Haha also asked this one in AGM ke :

Haha one by one more hidden risks is surfaced : 😱😱😱🤔


Repost :

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.






Posted by Patient Investor > 59 minutes ago | Report Abuse
@Sslee @calvintaneng 
Can help to elaborate pg 142 of annual report, it states "It is assumed that the harvested timber will be sold locally. The export of planted timber extracted 
from reforested plantation is currently suspended by the Government of Sarawak until further 
notice. In addition, the Group has not obtained the license to harvest the reforested plantation." 

So who are actually harvesting and selling the log in Jtiasa monthly production report?

Haha acquired 55%. Wealth Houses got announced… Disposed 100% Hariyama Sdn Bhd No announcement???

>>> 100% Hariyama Sdn Bhd : 9,645 hectares is no longer owned by Jtiasa ….

>>> 55%. Wealth Houses ( Pulau Bruit )
> 5,757 hectares is owned by Jtiasa on August 2023 .

Haha konartist sslleee Jtiasa rented Land is 16 years old ke !!

Haha this is what I learned the Financial review format from WTK Financial reporting during debated against Calvin on 2020 :


WTK

Referred to audited FY19 annual report:

31.12.2019

a) Financial assets

Trade and other receivables 53,196,000

Cash and bank balances 383,160,000

total = 436,356,000

b) Financial liabilities

Loans and borrowings 236,862,000

Trade and other payables 64,188,000

Lease liabilities 7,222,000

total = 308,272,000


a) - b ) = 128,084,000

Compared to Jtiasa as posted earlier ?

None of Durafarm’s oil palm trees are currently in a prime maturity stage (aged between 9 to 14). Only 2.71% of its oil palm trees are in the mature stage (aged between 15 and 18), while as much as 13.4% are categorised as old (aged between 19 and 25).

WTK is also involved in the sales of timber, adhesive and gummed tapes, and frozen consumer products.

WTK buys another 15% in Sarawak planter Durafarm for RM28m

3 May 2024 — WTK had in January acquired a 70% stake in Durafarm that owns land measuring some 5,040 hectares, with 88.9% being planted areas and 7.85%

W T K Holdings Berhad completed the acquisition of 70% stake in Durafarm Sdn ...

5 Jan 2024 — W T K Holdings Berhad (KLSE:WTK) entered into letter of intent to acquire 70% stake in Durafarm Sdn. Bhd. from Ocarina Development Sdn Bhd