nazrzach,

Perhaps the following map will provide a clearer picture:

https://www.hibiscuspetroleum.com/wp-content/uploads/2020/07/malaysia-north-sabah-psc.jpg

Extraction of oil is within Sabah territorial waters.

Hibiscus channeled the oil through pipeline to the Labuan Crude Oil Terminal (LCOT) and is self-declaring that the sale is through Labuan.

Hmm.. there's a term for it.


.

Q2 2022 will likely show the best results ever.

I do have a number in mind, but will not publish it. We do not want Calvin to repeat ad nauseam, do we?


_______________ Production (MT) _____ Ave CPO prices (RM/MT)
June 2022 _______ 239,384
Mar 2022 _______ 197,947 ______________ 4,779
Dec 2021 _______ 196,427 ______________ 4,347
Sep 2021 _______ 239,222 ______________ 3,586
Jun 2021 _______ 255,151 ______________ 3,441
Mar 2021 _______ 228,187 ______________ 3,010

.

The Sabah government is asserting that tax ought to be paid where the extraction is carried out, not at the point where the crude oil is sold.

Section 24 of the Land Ordinance gives Sabah power and authority over its resources. According to the Ordinance, minerals in the land which include mineral oils and petroleum, are reserved for, and owned by the Sabah government, which is also empowered to control, deal and licence its exploration, exploitation and mining.

The Sabah government has collected RM2.458 billion of sales tax on petroleum products, since it was implemented on April 1, 2020 until June 30, 2022. As of June 30 2022, the state government has collected RM808 million or 73 per cent of the estimate for the year.

It will be a separate issue if Hibiscus were to argue that the Kinabalu oil field and the North Borneo Sabah Enhanced Oil Recovery production sharing contract lie outside of Sabah's territorial waters.


---

The two subsidiaries, Repsol Oil & Gas Ltd and SEA Hibiscus Sdn Bhd, had refused to make payment after contesting that it sold its crude oil entitlement from the Kinabalu Oil Field at the Labuan Crude Oil Terminal facility “outside the sovereignty and jurisdiction of the state of Sabah” and hence should not be charged the SST.

zen_2k,

Unfortunately, I do not have any cheap tickets to sell to you.

I am of the opinion that the financials of PTrans are falsified.

Last year, I wrote to the SC about issues in three companies. Submissions on Ucrest and KeyAsic were initiated May 2021 - SC reference SC2021-19652. Submissions on Serba was done later.

I'm probably going to write to the SC and AOB about Ptrans.

Ptrans' major customers - Maksima Timur, Rezeki Megajaya and Century Edge Group ought to be investigated as well.

You will likely get to collect cheap tickets after that.


-------

zen_2k

just sell, so i can collect cheap tickets @PSA :3

5 days ago

BPlant's production for June 2022 is 68,427.99 MT.

Total production for Q2 2022 is 197,346 MT, a shade better than Q1.

________ Production (MT) _____ Avg CPO (RM/MT) ____ Profit from ops (RM M)
June 2022 _______ 197,346 ______ ***** ________________ $$$.$$$
Mar 2022 _______ 195,882 ______ 6,030 ________________ 151.273
Dec 2021 _______ 248,328 ______ 5,044 ________________ 148.482
Sep 2021 _______ 263,276 ______ 4,331 ________________ 133.092
Jun 2021 _______ 231,703 ______ 4,014 ________________ 75.594
Mar 2021 _______ 180,164 ______ 3,751 ________________ 33.392

.

Repost on why the Bulungan land is valuable for the purchasers.

Posted by PSAi3alert > 5 days ago

Previously, JJPTR raised some issues on the Bulungan land sale and the possibility of the deal with aborted.

The following are a few notes on the buyers of the land at Bulungan regency, North Kalimantan and the intended usage for the land.

President Joko "Jokowi" Widodo officiated the groundbreaking of the Bulungan green industrial park last year.

Projects have been lined up. Land conversion will not be an issue.

Garibaldi Thohir representative of buyer of KIPI land, is the President Director of Adaro. Adaro Energy Indonesia TBK PT has a market cap of IDR 94.36T (RM27.93 Billion)

Justarina S.M. Naiborhu representative of buyer of KIKI land, is the President Director of TBS Energi. TBS Energi Utama Tbk PT has a market cap of IDR 6.24T (RM1.85 Billion)

Development of the green industrial park at Bulungan is led by Garibaldi Thohir:

"The industrial park will draw power from soon-to-be-operational hydropower and solar power plants, and will host producers of high-tech and precision products such as semiconductors, lithium-ion batteries, solar panels, industrial silicon and "green aluminum" – aluminum made using low-emission processes. Investors from Indonesia, China and the United Arab Emirates (UAE) are behind this consortium, named PT Kalimantan Industrial Park Indonesia, led by Indonesian tycoon Garibaldi Thohir, who owns the land and who is president director of the country's second-largest coal producer PT Adaro Energy."

TBS Energi has teamed up with Gojek to develop Indonesia 2-wheel EV ecosystem:

"GOJEK has teamed up with Indonesian energy company TBS Energi Utama (TBS) to launch a new venture aimed at developing Indonesia's two-wheel electric vehicle (EV) ecosystem, the companies said in a joint statement on Thursday (Nov 18).

The new entity, known as Electrum, seeks to build a comprehensive and scalable EV ecosystem throughout the country, tapping the ride-hailing start up's deep presence in Indonesia and TBS' capabilities in the energy sector.

This will include two-wheel EV manufacturing, battery packaging, battery swapping infrastructure, as well as financing for EV ownership, Gojek and TBS said."

.

JJPTR,

You are repeating questions that have been addressed.

CH William Tahar & WONG has valued the land based on 'Hak Guna Usaha'.

The purchasers are buying the land for 'Hak Guna Bangunan'.

The Bulungan land sale, when completed, will result in a savings of approximately RM18.76 million per annum when RM550M of borrowing is reduced further.

Between 31st March 2020 and 31st March 2022, borrowing was reduced by RM466.439M (from RM1445.469M to RM979.03M).

I fail to see the connection between the possibility of a aborted land sale with the need to raise funds through rights issue to cover bank loans. TSH's cash as at 31st March 2022 is RM340.446M .

If aborted, they will just take a longer time to become debt-free.

.

StartOfTheBull,

Yes, the bulk of TSH's revenue is derived from Indonesia.

For FY2021, TSH paid RM228.135M for Indonesia Export Levy and Duty on CPO. And for Q1 2022, RM45.935M was paid for levy and duty.

With the removal of levy and duty until 31st August 2022, TSH will save around RM25M for Q3 2022.

.

TreeTopView,

The rental income is not consistent with a 42.83% drop in electricity usage in the terminals.

RM39M of project facilitation fee and all from a single party - Maksima Timur Sdn Bhd?!

The project facilitation fee issue has been elaborated by Choivo Capital at:

https://choivocapital.com/2020/05/23/perak-transit-berhad-the-peculiar-rm3-2bil-rm4-8bil-bus-terminal-boom-in-malaysia-ptrans-0186/

.

JJPTR,

If you like help investors/common folks, please have a look at issues at Perak Transit.

How would you proceed with the investigation?


--- posting in Ptrans thread --

ISSUES WITH PERAK TRANSIT BERHAD

Perak Transit (PTrans) reported:
FY2021 Revenue increased by 16.06% to reach RM138.573M
PBT increased by 38.33% to reach RM67.807M
Terminal operations revenue increased by 26.24%
Bus operations revenue decreased by 5.25%

However, it's peers KTB reported 41.22% decrease in revenue and Gets Global reported 86.4% decrease in revenue.


Perak Transit reported that electricity consumption dropped by 42.83% in FYE2021

_________________ FYE 2020 ________ FYE 2021
Electricity (kWh) ___ 1,952,983 _______ 1,116,593

The cost of energy and its associated emissions are correlated with the overall passenger and traffic footfall



--->>> How can PTrans report higher revenue

-- when electricity consumption in the terminals dropped by 42.83%

-- its peers reported sharp drops in revenue



-------

Konsortium Transnasional Berhad (Transportation business revenue dropped by 41.22%)

pg 17 2021 Annual Report

The Group’s revenue from the transportation business decreased by approximately RM12.09 million or 41.22% to RM17.24 million for the FYE 2021 as compared to RM29.33 million for the FYE 2020. The express bus service sector contributed 4.39% of the revenue whilst the stage bus service sector contributed 59.23%.


-------

Gets Global (Bus services revenue dropped by 86.4%)

pg 114 2021 Annual Report

Revenue_______________ 01.07.19 - 30.06.20 ______ 01.07.2020 - 30.09.21
City bus services __________ 7,676,833 _________________ 1,193,790
Express bus services _______ 5,803,715 _________________ 633,938


-------

Perak Transit (Terminal operations revenue increased by 26.24%, bus operations revenue decreased by 5.25%)

page 13 2021 Annual Report
Integrated Public Transportation Terminal Operations Segment
The Group recorded revenue from this segment of RM89.58 million which accounted for 64.65% of the total revenue recorded for FYE 2021. The Group’s revenue from this segment improved by RM18.62 million or 26.24% compared to the FYE 2020 of RM70.96 million. This increase was mainly due to the contribution of rental income from leasing some commercial area at Terminal Meru Raya and Kampar Putra Sentral to logistic tenants which commenced in September 2021 and from leasing of A&P spaces at Kampar Putra Sentral which commenced in September 2020.

Bus Operations Segment
The Group’s revenue from bus operations segment decreased from RM25.51 million during the FYE 2020 to RM24.17 million in FYE 2021


Perak Transit (Electricity consumption dropped by 42.83%)
Page 38 2021 Annual Report
The cost of energy and its associated emissions are correlated with the overall passenger and traffic footfall


In FYE 2021, we have two bus terminals in operation, namely Terminal Meru Raya and Kampar Putra Sentral. Our terminals as well as office use indirect energy in the form of electricity purchased from Tenaga Nasional Berhad. The following shows our Group’s total electricity consumption level:

_________________ FYE 2020 ________ FYE 2021
Electricity (kWh) ___ 1,952,983 _______ 1,116,593


-------

PTrans Annual Report

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=215500&name=EA_DS_ATTACHMENTS


KTB Annual Report

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=216642&name=EA_DS_ATTACHMENTS


Gets Global Annual Report

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213843&name=EA_DS_ATTACHMENTS

.

ISSUES WITH PERAK TRANSIT BERHAD

Perak Transit (PTrans) reported:
FY2021 Revenue increased by 16.06% to reach RM138.573M
PBT increased by 38.33% to reach RM67.807M
Terminal operations revenue increased by 26.24%
Bus operations revenue decreased by 5.25%

However, it's peers KTB reported 41.22% decrease in revenue and Gets Global reported 86.4% decrease in revenue.


Perak Transit reported that electricity consumption dropped by 42.83% in FYE2021

_________________ FYE 2020 ________ FYE 2021
Electricity (kWh) ___ 1,952,983 _______ 1,116,593

The cost of energy and its associated emissions are correlated with the overall passenger and traffic footfall



--->>> How can PTrans report higher revenue

-- when electricity consumption in the terminals dropped by 42.83%

-- its peers reported sharp drops in revenue



-------

Konsortium Transnasional Berhad (Transportation business revenue dropped by 41.22%)

pg 17 2021 Annual Report

The Group’s revenue from the transportation business decreased by approximately RM12.09 million or 41.22% to RM17.24 million for the FYE 2021 as compared to RM29.33 million for the FYE 2020. The express bus service sector contributed 4.39% of the revenue whilst the stage bus service sector contributed 59.23%.


-------

Gets Global (Bus services revenue dropped by 86.4%)

pg 114 2021 Annual Report

Revenue_______________ 01.07.19 - 30.06.20 ______ 01.07.2020 - 30.09.21
City bus services __________ 7,676,833 _________________ 1,193,790
Express bus services _______ 5,803,715 _________________ 633,938


-------

Perak Transit (Terminal operations revenue increased by 26.24%, bus operations revenue decreased by 5.25%)

page 13 2021 Annual Report
Integrated Public Transportation Terminal Operations Segment
The Group recorded revenue from this segment of RM89.58 million which accounted for 64.65% of the total revenue recorded for FYE 2021. The Group’s revenue from this segment improved by RM18.62 million or 26.24% compared to the FYE 2020 of RM70.96 million. This increase was mainly due to the contribution of rental income from leasing some commercial area at Terminal Meru Raya and Kampar Putra Sentral to logistic tenants which commenced in September 2021 and from leasing of A&P spaces at Kampar Putra Sentral which commenced in September 2020.

Bus Operations Segment
The Group’s revenue from bus operations segment decreased from RM25.51 million during the FYE 2020 to RM24.17 million in FYE 2021


Perak Transit (Electricity consumption dropped by 42.83%)
Page 38 2021 Annual Report
The cost of energy and its associated emissions are correlated with the overall passenger and traffic footfall


In FYE 2021, we have two bus terminals in operation, namely Terminal Meru Raya and Kampar Putra Sentral. Our terminals as well as office use indirect energy in the form of electricity purchased from Tenaga Nasional Berhad. The following shows our Group’s total electricity consumption level:

_________________ FYE 2020 ________ FYE 2021
Electricity (kWh) ___ 1,952,983 _______ 1,116,593


-------

PTrans Annual Report

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=215500&name=EA_DS_ATTACHMENTS


KTB Annual Report

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=216642&name=EA_DS_ATTACHMENTS


Gets Global Annual Report

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213843&name=EA_DS_ATTACHMENTS

.

Anthonytkh,

Inter-state travel was not allowed during MCOs. Stage buses were not running. Transportation terminals are empty. There is no traffic. No eyeball. Even Star Media's revenue was down substantially.

Serba had lots of cash and retained earnings too.

.

Anthonytkh,

A few notes on the "Real estate company disguised as a bus station operator." It appears to be an advertising media company that is disguised as a real estate company which is, in turn, disguised as a bus station operator.

During the pandemic years companies in related industries all have decreased revenue and profits. Star Media, KTB, Gets Global, Aeon and Padini all suffered, bar none.

And this bus station operator had improved profits during those 2 years, despite having to give free rental during the MCO periods.

It is very odd that rental of A&P spaces increased using periods of station closure and no footfall traffic.

Borrowings creeping to over RM281M is dangerous.

Hope you know what I'm trying to say.

Page 14 Annual Report FY2020
This increase was mainly due to an increase in rental of A&P spaces and higher project facilitation fee during the FYE 2020

Page 13 Annual Report FY2021
This increase was mainly due to the contribution of rental income from leasing some commercial area at ... to logistic tenants which commenced in September 2021 and from leasing of A&P spaces at ... which commenced in September 2020.

.

Investformilkmoney,

You're welcome.

Indonesia holds the world's largest nickel reserves. Instead of exporting ores, they are leveraging on those reserves to attract investment in the battery and EV supply chain.


--------

Investformilkmoney

Thanks for detailed data PSAi3alert

.

Previously, JJPTR raised some issues on the Bulungan land sale and the possibility of the deal with aborted.

The following are a few notes on the buyers of the land at Bulungan regency, North Kalimantan and the intended usage for the land.

President Joko "Jokowi" Widodo officiated the groundbreaking of the Bulungan green industrial park last year.

Projects have been lined up. Land conversion will not be an issue.

Garibaldi Thohir representative of buyer of KIPI land, is the President Director of Adaro. Adaro Energy Indonesia TBK PT has a market cap of IDR 94.36T (RM27.93 Billion)

Justarina S.M. Naiborhu representative of buyer of KIKI land, is the President Director of TBS Energi. TBS Energi Utama Tbk PT has a market cap of IDR 6.24T (RM1.85 Billion)

Development of the green industrial park at Bulungan is led by Garibaldi Thohir:

"The industrial park will draw power from soon-to-be-operational hydropower and solar power plants, and will host producers of high-tech and precision products such as semiconductors, lithium-ion batteries, solar panels, industrial silicon and "green aluminum" – aluminum made using low-emission processes. Investors from Indonesia, China and the United Arab Emirates (UAE) are behind this consortium, named PT Kalimantan Industrial Park Indonesia, led by Indonesian tycoon Garibaldi Thohir, who owns the land and who is president director of the country's second-largest coal producer PT Adaro Energy."

TBS Energi has teamed up with Gojek to develop Indonesia 2-wheel EV ecosystem:

"GOJEK has teamed up with Indonesian energy company TBS Energi Utama (TBS) to launch a new venture aimed at developing Indonesia's two-wheel electric vehicle (EV) ecosystem, the companies said in a joint statement on Thursday (Nov 18).

The new entity, known as Electrum, seeks to build a comprehensive and scalable EV ecosystem throughout the country, tapping the ride-hailing start up's deep presence in Indonesia and TBS' capabilities in the energy sector.

This will include two-wheel EV manufacturing, battery packaging, battery swapping infrastructure, as well as financing for EV ownership, Gojek and TBS said."

-------

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3265893

https://www.thejakartapost.com/business/2021/12/22/green-industrial-park-in-n-kalimantan-begins-construction.html

https://www.businesstimes.com.sg/garage/gojek-tbs-energi-utama-form-two-wheel-ev-joint-venture

.

Not all growers are RSPO certified.

TSH is.


--------

RSPO Certification
A Global Standard For Sustainable Palm Oil
"To ensure the credibility of palm oil sustainability claims, all RSPO members that take legal ownership and produce or handle RSPO-certified sustainable oil palm products need to be RSPO certified. At the heart of this process are the RSPO Principles & Criteria."


RSPO Members - Malaysian Listed Companies
Boustead Plantations
FGV
Genting Plantations
Hap Seng Plantations
IOI Corporation
Keck Seng
Kretam
KL Kepong
Sime Darby Plantation
TSH Resources
United Plantations
Wilmar International Limited

https://rspo.org/certification/search-for-certified-growers

.

Not all growers are RSPO certified.

Bplant is.


--------

RSPO Certification
A Global Standard For Sustainable Palm Oil
"To ensure the credibility of palm oil sustainability claims, all RSPO members that take legal ownership and produce or handle RSPO-certified sustainable oil palm products need to be RSPO certified. At the heart of this process are the RSPO Principles & Criteria."


RSPO Members - Malaysian Listed Companies
Boustead Plantations
FGV
Genting Plantations
Hap Seng Plantations
IOI Corporation
Keck Seng
Kretam
KL Kepong
Sime Darby Plantation
TSH Resources
United Plantations
Wilmar International Limited

https://rspo.org/certification/search-for-certified-growers

.

joerakmo,

Yes, the Euro price for rapeseed oil at https://tradingeconomics.com/commodity/rapeseed-oil is likely to be wrong.

I was looking at the price changes between Jan 2020 and 8 July 22. Prices for the other edible oils increased by over 60% while palm oil price increased the lowest at 30+%.


-------

joerakmo

Euro rapeseed oil figure is wrong;most likely rapeseed and not oil.Given that higher range of oer is 40%, so approximately in Myr per mt about 7790...Use Zhengzhou CZCE july22 rapeseed oil =CNY10916 = Myr7205.CPO still the cheapest oil and we are throwing it away at huge discounts

Palm prices recovered after the plunge below RM4,000. India's imports of palm oil will rise to between 700,000 to 800,000 tons, the highest since September 2021.

https://www.arabnews.com/node/2117626/business-economy

It appears that RM4,000+ level will be an acceptable price point for buyers to commence buying.

The depreciation of the MYR against the RMB and USD also make palm oil to be more attractive from a cost perspective.

_____________________ Jan '20 ___ Jan '21 ___ Jan '22 ____ 8July 22
Brent Oil _____________ 68.16 ____ 51.45 _____ 78.18 _____ 105.37
Sunflower Oil (USD/____ 795.35 ___ 1160 ______ 1391 ______ 1600
Rapeseed oil (EUR/T) __ 410 ______ 426 _______ 763 _______ 690
Soybean (USD/Bu) ______ 970 ______ 1301 ______ 1325 ______ 1591
Palm Oil (MYR/T) ______ 2988 _____ 3606 ______ 4690 ______ 4163

USD/MYR _______________ 4.1 ______ 4.02 ______ 4.2 _______ 4.42
RMB/MYR _______________ 0.59 _____ 0.62 ______ 0.66 ______ 0.66
Rupee/MYR _____________ 0.057 ____ 0.055 _____ 0.056 _____ 0.056

.

While EPF selling down is bad, it does not mean that their decisions are always correct.

EPF was wrong in holding majority positions in Serba and TopGlove and was wrong to sell down MMC.

In June 2021, EPF had 367.411M shares in Serba Dinamik.

Between 16 Mar 2018 and 19 Mar 2021, Lembaga Tabung Haji, EPF, KWAP and AIA
disposed 492.7M shares in MMC. MMC's share went from RM1.8 on 16th March 2018 to RM0.9 on 19th March 2021. TS SM offered SCR of RM2.0 in May 2021.

EPF's holdings of Top Glove and prevailing price
29 OCTOBER 2019: 166.35M RM1.24/sh
28th Oct 2020: 462.05M RM7.48/sh
22nd April 2021: 499.5M RM5.37/sh
26 May 2022: 402.19M RM1.01/sh

.

Calvintaneng,

What's your point on the grandmother story on Uzma and how is it related to the impact of EPF selling down?

.

Interesting day today!

When the share price was below 1.00, there were arguments about petty issues. Threats on filling police reports and defamation actions were flying all over.

Once passed 1.00 and reached 1.03, everyone went silent .....

.

The market was probably spooked by Indonesia's decision to increase the export vs local sales quota from 5 to 7.

2.4 or 3.4 million tonnes of export appeared to be a lot.

Palm oil price had a 10% limit down of RM3757.

Many shares of palm oil companies dropped by almost 10% as well.

But yearly consumption of palm oil is 73 million tonnes per year or 6 million tonnes per month.

Palm oil price rebounded to RM4027 (5.53 GMT+8).

Palm oil companies remained to be a the day's lows.


"Indonesia has since Monday lifted the export quota to 7 times the amount producers sell at home, compared with 5 times previously, senior official Veri Anggrijono said. The ministry had as of Monday issued export permits for a total of 2.4 million tonnes of palm oil products under its so-called domestic market obligation (DMO) scheme and its export acceleration programme, he said."

"Based on the smaller quota and the acceleration programme, Indonesian companies could export a total of 3.4 million tonnes. Veri did not provide an estimate of volumes expected under the new quota."

https://www.businesstimes.com.sg/asean-business/indonesia-raises-palm-oil-export-quota-as-farmers-face-emergency

From the start of the pandemic in Jan 2020, palm oil price has increased by 25.73% as at 6th July 2022.

Sunflowerseed oil has doubled and soybean has increased by over 60%.

Consumption of vegetable oils has increased steadily over the years.

Between 2013/2014 and 20221/2022 Consumption of palm oil increased by 28.42%. During the same period, consumption of soybean and sunflowerseed oil increased at faster rates of 33% and 45% respectively.

Interest rate increases cannot destroy demand for palm oil since it's in 50% of supermarket items.

Fertilizer prices have increased by over 200%. Fertilizer has a direct impact on yield and is the major cost component.

Supply disruption remains and there is no evidence of supply construction (the real solution to inflationary pressures).

Someone is doing not so nice things to the palm oil industry. No, not the orang utans.



_____________________ Jan '20 ___ Jan '21 ___ Jan '22 ___ 6 July 22 ___ Change
Brent Oil _____________ 68.16 ____ 51.45 _____ 78.18 _____ 103.85 ______ 52.36%
Fertilizers $ Index ___ 72.63 ____ 78.83 _____ 208.01 ____ 223.11 ______ 207.18%
Sunflower Oil (USD/____ 795.35 ___ 1160 ______ 1391 ______ 1625 ________ 104.3%
Rapeseed oil (EUR/T) __ 410 ______ 426 _______ 763 _______ 663 _________ 61.70%
Soybean (USD/Bu) ______ 970 ______ 1301 ______ 1325 ______ 1568 ________ 61.65%
Palm Oil (MYR/T) ______ 2988 _____ 3606 ______ 4690 ______ 3757 ________ 25.73%


Consumption of vegetable oils worldwide
(in million metric tons)

_________________ 13/14 _____ 15/16 ___ 17/18 ___ 19/20 ___ 21/22 ___ 13 - 22 change
Palm ____________ 57.52 _____ 59.38 ___ 65.99 ___ 71.34 ___ 73.87 ___ 28.42%
Soybean _________ 45.27 _____ 52.09 ___ 54.41 ___ 57.2 ____ 60.24 ___ 33.07%
Rapeseed ________ 27.04 _____ 28.27 ___ 28.92 ___ 28.14 ___ 28.85 ___ 6.7%
Sunflowerseed ___ 14.11 _____ 17.46 ___ 15.02 ___ 18.96 ___ 20.47 ___ 45.07%
Palm Kernel _____ 7.21 ______ 7.00 ____ 7.8 _____ 8.16 ____ 8.64 ____ 19.83%
Peanut __________ 5.37 ______ 5.41 ____ 5.71 ____ 6.26 ____ 6.48 ____ 20.67%
Cottonseed ______ 5.06 ______ 4.36 ____ 5.03 ____ 5.13 ____ 5.02 ____ -0.79%
Coconut _________ 3.29 ______ 3.24 ____ 3.32 ____ 3.5 _____ 3.53 ____ 7.29%
Olive ___________ 2.65 ______ 2.81 ____ 2.87 ____ 3.04 ____ 3.19 ____ 20.38%
Subtotal ________ 167.52 ____ 180.02 __ 189.07 __ 201.73 ___ 210.29 __ 25.53%

.

Johnzhang,

Boustead's cash will probably be more than RM1 billion at this juncture. That's equivalent to 0.50 cash per share.

RM1.20/share appears low.

If PRC companies were to bid, the offer will exceed RM2.0



--------

Johnzhang > 20 hours ago | Report Abuse

If Shazali and his gang managed to take over at $1.20, there is a lot of profit they can eventually realized as Bstead owns many prized assets .

i3lurker,

Yeah, I regret talking to the lowest of the low.

I felt bad that he was raped and Calvin posted the picture in his blog. Thought he needed someone to talk to.

His schizophrenic behavior is probably a result of the abuses he suffered in the past.


Posted by i3lurker > 36 minutes ago | Report Abuse

and thats the Entire Reason why we never ever talk to paid low ranking lowest of the Low Macau Scammer that the Big Macau Scammer Boss put near the office toilet.


----

Posted by Mikecyc > 3 days ago | Report Abuse

Haha calvin is bullied me with a rape photo in his blog ... telling how High n how Great he is ....

Boustead Holdings' cumulative dividends from 2009 to 2018 was 2.325

The value of it's subsidiaries market cap and top 30 properties at book value exceed RM10 billions

It's cash balance will exceed RM1B by Q2.


--------
Boustead Holdings 2009-2018 total dividends: 2.325

_______ Dividend ___ Frequency
2018 ___ 0.050 ________ 3
2017 ___ 0.110 ________ 4
2016 ___ 0.175 ________ 4
2015 ___ 0.200 ________ 4
2014 ___ 0.260 ________ 4
2013 ___ 0.300 ________ 4
2012 ___ 0.325 ________ 4
2011 ___ 0.290 ________ 3
2010 ___ 0.390 ________ 4
2009 ___ 0.225 ________ 4


Boustead's subsidiaries

___________________________________________ Mkt Cap (RM M) ____ Boustead's share
Boustead Plantations ______________________ 1,792 _____________ 57.42%
Pharmaniaga _______________________________ 786 _______________ 55.83%
Affin Bank ________________________________ 3,951 _____________ 20.81%
BHIC ______________________________________ 119 _______________ 65.00%
Boustead Petroleum Marketing ______________ 1,250 _____________ 41.87%
PT Millennium Pharmacon International _____ 44.93 _____________ 41.00%
Irat Properties Sdn Bhd _______________________________________ 50.00%
University of Nottingham Malaysia Sdn Bhd _____________________ 66.00%
MHS Aviation Bhd ______________________________________________ 51.00%
Cadbury Confectionary Malaysia Sdn Bhd ________________________ 25.00%
Kao (Malaysia) Sdn Bhd ________________________________________ 45.00%
Rakan Riang Sdn Bhd ___________________________________________ 20.00%

Boustead's Top 30 Properties
___________________________________________________ Hectares __ Book Value (RM M)
The Curve _____________________________________________ 5.00 __ 571.00
PT74947 & PT83892, Bukit Raja ________________________ 81.00 __ 344.70
Sg Segamaha & Bukit Segamaha Estates ______________ 5,659.60 __ 314.00
Mukim Klang __________________________________________ 28.30 __ 282.50
Balau Estate ________________________________________ 247.40 __ 280.00
Telok Sengat Estate _______________________________ 3,690.10 __ 262.10
University of Nottingham _____________________________ 48.10 __ 244.00
Segaria Estate ____________________________________ 4,746.20 __ 241.00
Nucleus Tower _________________________________________ 0.85 __ 224.00
Boustead Pertama & Boustead Sapa Payau Estates ____ 3,944.10 __ 215.80
Boustead Sungai Lokan & Bstead Lokan Baru Estates _ 4,439.00 __ 203.30
Royale Chulan Damansara _______________________________ 0.88 __ 195.90
Menara Boustead, 69 ___________________________________ 0.36 __ 180.00
Boustead Ruku Ruku Estate _________________________ 3,196.20 __ 166.80
Boustead Tawai 2 Estate ___________________________ 3,232.80 __ 168.70
Mutiara Hills, Semenyih ______________________________ 31.84 __ 159.90
PT484, Seksyen 90, KL _________________________________ 2.67 __ 159.80
Sutera Estate, Sandakan ___________________________ 2,200.70 __ 153.70
Bukit Mertajam Estate _____________________________ 2,164.80 __ 142.10
G&G Estate, Lahad Dau______________________________ 2,409.80 __ 132.00
Menara Affin __________________________________________ 0.28 __ 126.00
Lot 20005, Seksyen 90 _________________________________ 1.20 __ 115.00
3 Boustead Tawai 1 Estate _________________________ 1,793.60 __ 113.70
Bebar Estate, Muadzam Shah ________________________ 2,340.60 __ 111.60
Sungai Jernih Estate ______________________________ 2,695.70 __ 113.10
Ladang Tabung Tentera Sabah _______________________ 2,023.00 __ 111.60
Mutiara Damansara _____________________________________ 3.80 __ 106.30
Sungai Sungai _____________________________________ 6,035.10 __ 98.70
Mukim Semenyih, Selangor ____________________________ 137.90 __ 96.60
Menara UAC ____________________________________________ 1.40 __ 92.00
SUbtotal Top 30 __________________________________ 51,162.28 __ 5,725.90

.

xskyriver,

Q1 revenue and profit from ops are 324.156M and 172.883M respectively.

Q2 productions ought to be higher than Q1. If Bplant sells forward, average prices will be higher. Otherwise, averages prices will be comparable.

So profit from operations should be better. Interests expenses will be lower.

Is there any specific expense items to prevent a net profit of over 100M or 5 EPS?

---

Posted by xskyriver > 19 minutes ago | Report Abuse

2nd quarter probably can earn 70-80m, eps around 3 sen, give 2 sen dividend...

i3lurker,

I'm buying Bplant for the dividend. After a certain point, it will be like cold fusion, keeps generating income.

Accumulating more Boustead Holdings for the potential MMC 2.0 type of after-burner rush.


Posted by i3lurker > 23 minutes ago

thanks
PSAi3alert

you came to the rescue with the figures again

:)

at 80 sen its worth a buy

.

Bplant's cumulative dividend from 2014 till Q1 2022 is 0.7765

Production figures for Apr 2022 and May 2022 suggest that Q2's results will be better.

Perhaps Bplant will issue 4-5 times dividend for 2022.

Dividend, for lack of a better word, is good. Dividend is a clean drive that "captures the essence of the evolutionary spirit. Dividend, in all of its forms; dividend for life, for money, for love, for knowledge has marked the upward surge of mankind." - not Gordon Gekko

Don't think, just buy Bplant and keep for the dividends - not Maverick


_______ Dividend ___ Frequency ___ Special DY
2022 ___ 0.0730 ________ 1 ____________ No
2021 ___ 0.0835 ________ 4 ____________ No
2020 ___ 0.0100 ________ 2 ____________ No
2019 ___ 0.0100 ________ 1 ____________ No
2018 ___ 0.0700 ________ 3 ____________ No
2017 ___ 0.1950 ________ 5 ____________ Yes
2016 ___ 0.1450 ________ 4 ____________ No
2015 ___ 0.1300 ________ 4 ____________ No
2014 ___ 0.0600 ________ 3 ____________ No



Bplant (Production MT)
May 2022 ________ 64,201
Apr 2022 ________ 64,717
Mar 2022 ________ 66,857
Feb 2022 ________ 58,269
Jan 2022 ________ 70,756
Dec 2021 ________ 78,538
Nov 2021 ________ 83,357
Oct 2021 ________ 86,433
Sep 2021 ________ 91,012
Aug 2021 ________ 91,108
Jul 2021 ________ 81,155
Jun 2021 ________ 83,894
May 2021 ________ 77,436
Apr 2021 ________ 70,374
Mar 2021 ________ 64,394
Feb 2021 ________ 55,196
Jan 2021 ________ 60,574

.

rr88,

Same or changed to tango, samba or cha-cha?


Posted by rr88 > 1 day ago

Bought another 4,000 lots @ 1.03.
Total 7,000 lots @ 1.05
See u later above 1.30..

.

StartOfTheBull,

Doubt if it's by the IBs. All the warrants are out-of-money.

Short-selling is also neglible.

TSH-CS Exercise 1.12 Maturity 29-Aug-2022 Issue size: 80M
TSH-CT Exercise 1.15 Maturity 20-Oct-2022 Issue size: 80M
TSH-CU Exercise 1.40 Maturity 24-Nov-2022 Issue size: 40M
TSH-CV Exercise 1.88 Maturity 18-Nov-2022 Issue size: 100M
TSH-CW Exercise 1.60 Maturity 22-Dec-2022 Issue size: 80M

TSH Short Selling

30/06/2022

IDSS Value: 0
IDSS Volume: 0
PDT Value: 0
PDT Volume: 0

29/06/2022

IDSS Value: 43,854
IDSS Volume: 39,200
PDT Value:
PDT Volume:

28/06/2022

IDSS Value: 11,100
IDSS Volume: 10,000
PDT Value:
PDT Volume:

27/06/2022

IDSS Value:
IDSS Volume:
PDT Value: 106,130
PDT Volume: 97,000

24/06/2022

IDSS Value: 32,700
IDSS Volume: 30.000
PDT Value: 43,800
PDT Volume: 40,000

23/06/2022

IDSS Value: 162,661
IDSS Volume: 145,100
PDT Value: 98,588
PDT Volume: 88,300

22/06/2022
IDSS Value: 245,708
IDSS Volume: 218,800
PDT Value: 134,200
PDT Volume: 120,000

21/06/2022
IDSS Value: 10,800
IDSS Volume: 10,000
PDT Value: 37,744
PDT Volume: 34,600

20/06/2022
IDSS Value: 32,700
IDSS Volume: 30,000
PDT Value: 32,900
PDT Volume: 30,000

17/06/2022
IDSS Value: 33,300
IDSS Volume: 30,000
PDT Value:
PDT Volume:


-----------

StartOfTheBull

Obviously the price is forcefully pressed down, time is needed to show its fair price.

25 minutes ago

Last annual report show EPF with 44,671,148 (3.24 shares).

Not sure if it's EPF selling down.

EPF sold down MMC. There was one individual who bought 48.916M shares at around RM0.80/share in 2020 and went through the SCR at RM2.0/share last year. He was also active in the MMC thread last year.


AdCool

Our beloved EPF

anthonytkh

PSA… there is no puzzle… one of the shareholders still own around 60m shares (around 2 %)…

8 minutes ago

Yes, he keeps topping up Aeon from 1.60+. Now 1.29. Last year's profit of RM85M, half of TSH's profit.

Investformilkmoney

@sunnyspoon
You also say keep buying for Aeon....

1 minute ago

JJPTR,

I'm equally puzzled on who's dumping daily and why isn't Kelvin buying a big block of 20M shares at one go.



JJPTR

PSAi3alert and ADcool, good data sharing.
Not like that fella keep repeating gold nuggets in the air.

7 minutes ago

The valuation for the Bulugan land is substantially lower than the SPA price.

The primary reason is that the land was valued as Hak guna usaha (HGU) land whereas the buyers will use the land for Hak guna bangunan (HGB) purposes. One of the condition precedents is that the land has to be converted.

One of the buyer is the biggest coal exporter in Indonesia. The other buyer is a director in a power generation company.

Indonesia imports 100-120 megawatts of electricity from Malaysia last year to meet the needs of border areas in West Kalimantan province.

Nusantara will require 1,555 MW of electricity per year.

If the land were to be used as power generation , the conversion ought to be expedited. Both parcels are at the coast.

.

Boustead-CP warrant (exercise price 0.65) expired yesterday 30-June-2022

Next Boustead-CQ warrant has exercise price of 0.73 and will expire 28-Feb-2023

So, there will not be much press down over the next few months.

AdCool,

Thanks. Q2 2022 is not out yet. So, 2022 results thus far should be 1st quarter 2022.

Based on productions, Q2 2022 should be better QoQ and YoY.

TSH (Production MT)
May 2022 73,929
Apr 2022 73,655
Mar 2022 70,683
Feb 2022 63,203
Jan 2022 64,061
Dec 2021 61,241
Nov 2021 63,379
Oct 2021 71,807
Sep 2021 71,871
Aug 2021 79,791
Jul 2021 87,560
Jun 2021 90,893
May 2021 76,039
Apr 2021 88,219
Mar 2021 81,309
Feb 2021 69,826
Jan 2021 77,052

.

Nicky Liow above came up with a wild theory that the buyers will renege on a forward contract when the CPO prices plunge.

TSH sells forward to a related party and had losses on futures contract when the spot prices kept increasing in Q1 2022.

When prices start to decline, TSH ought to have gains on the futures contract.

The related party that TSH sell to is the 50% owned TSH-Wilmar. Wilmar International is a PLC with market cap of SGD26.06B (RM82.8B).

The buyer will honor the contracts.


TSH-Wilmar Sdn Bhd

Shareholders:

TSH Resources Berhad: 50%
Wilmar Edible Oils Sdn Bhd: 50%

FYE 31-12-2021

BALANCE SHEET ITEMS

Non-current assets: 53.238M
Current assets: 327.505M
Non-current liabilities: 6.309M
Current liabilities: 210.906M
Share capital: 34M
Retained earnings: 129.528M


INCOME STATEMENT ITEMS

Revenue: 2,279.612M
Profit before tax: 85.043M
Profit after tax: 65.282M
Net dividend: -40M

.

TSH's share price was not serially correlated with CPO prices.

Most importantly is that the company makes money.

________ TSH price ___ CPO price
Jan 2022: ___ 1.10 ___ 4926
Jan 2021: ___ 1.10 ___ 3823
Jan 2020: ___ 1.46 ___ 3105
Jan 2019: ___ 0.91 ___ 2169
Jan 2018: ___ 1.53 ___ 2470
Jan 2017: ___ 1.70 ___ 3000
Jan 2016: ___ 1.80 ___ 2420
Jan 2015: ___ 2.00 ___ 2186
Jan 2014: ___ 1.72 ___ 2603
Jan 2013: ___ 1.32 ___ 2420

Calvin,

The upcoming quarter profits ought to be enough for them to issue a 10 sen dividend.

You ought to champion this request.

--------

Posted by calvintaneng > 4 hours ago | Report Abuse

Raymond

Tsh Egm will be held online on 29 June

Vote for Bulugan Regency land sale of Rm731.09 millions with net profit of 31 sen

Ask Chairman for a special dividend or bonus issue

Investformilkmoney,

You're welcome!

I was trying to de-clutter this thread. It was getting very difficult to read, share and analyze issues with lies and non-sequitur being littered by schizophrenic persons.


---------

Posted by Investformilkmoney > 5 hours ago | Report Abuse

@PSAi3alert
Salute for checking history and detailed analysis.

Lower volatility and shrinking days to expiration is resulting in lower theoretical prices.

It will be difficult for Leno to liquidate 18M+ of WC without getting bruises.


--------

Posted by Sslee > 14 hours ago

In that case Leno is (100 - 31.6)% probability going to bankrupt.

JJPTR,

I very much doubt DJThong's story.

He alleged that he lost 100k when he followed Calvin's advice.

However, he was already skeptical of Calvin when TSH was trading around RM1.03 in Dec 2021. Since then, there is no evidence that he has bought into TSH.

When confronted about his grammar, he came up with a wild story that he is sharing a computer with his brother who also has the same DJ initials. In previous postings he signed off as DJ Thong Ing Yi.

Assuming that he bought at the highest point and now lost 40% of the value, he would have purchased 250k worth of shares in order to lose 100K as alleged.

With 250k worth of capital, he could not afford a computer? Not even a smart phone for a few hundred bucks?

He is either doing a badly done 'Nigel Ng / Uncle Roger' joke, or he is the alter ego of Calvin or See_Research.




PREVIOUS POSTINGS BY DJTHONG

----------

Posted by DJThong > 2021-12-14 00:30 | Report Abuse

Ah Eng, he bought to support the price as EPF was dumping
Why lah blur like sotong
Where is your November bull run?
Moved to when? Keep making it up as you go
No eye SEE
But quite funny to see you riled up
Gong liao

----------

Posted by warrenchok90 > 2021-12-14 08:17 | Report Abuse

DJthong when epf dumping?? show me. Epf dumping or acquired?? lol you are like someone who simply comment... why la so blur haha...

----------

DJThong > 2021-12-16 15:20 | Report Abuse

All the promotion and supposed good news but down down down
Hantu indeed
Con man

----------

Posted by haushinka > 2021-12-16 16:03 | Report Abuse

first of all...from my point of view as a neutral...he (calvin) can post any anylisis that he has made...and is up to the reader here to read and decide whether to believe or not on his analysis. Rather than calling ppl con men and scammer u as well might come up with the argument to counter what he post...which ppl also can evaluate.

if you keep on calling him conmen/scammer without any facts to counter his analysis...look likes u have personal issue with him and use this thread to attack him. It will automatically gain more ppl to believe him compared to believe in you. Just my 2 cents :)

----------

Posted by DJThong > 2021-12-17 06:21 | Report Abuse

Follow him to Holland
Year of boom we are almost at 52 week lows


---------

Posted by DJThong > 2022-02-14 22:57 | Report Abuse

Happy Valentine’s Day
From Nusantara dj thong Ing Yi

.

The theoretical price of Insas-WC is currently 0.084 and the probability of closing in the money is 31.6%


27th June 2022 Theoretical price of Insas-WC using the traditional BSM (non-dliutive) model:

Stock Price ___ Theoretical Warrant $ __Time Value
0.48 _________ 0.008 ______________ 0.008
0.55 _________ 0.017 ______________ 0.017
0.62 _________ 0.033 ______________ 0.033
0.69 _________ 0.055 ______________ 0.055
0.76 _________ 0.084 ______________ 0.084
0.83 _________ 0.120 ______________ 0.120
0.90 _________ 0.161 ______________ 0.161
0.97 _________ 0.208 ______________ 0.138
1.04 _________ 0.259 ______________ 0.120
1.11 _________ 0.314 ______________ 0.105
1.18 _________ 0.372 ______________ 0.093
1.25 _________ 0.433 ______________ 0.084
1.32 _________ 0.495 ______________ 0.077


Volatility: 26%
Stock Price: 0.76
Interest Rate: 2.62%
Warrants/share: 1
Days to Expiration: 810


Snapshot @0.76
Price: 0.084
Delta: 0.463
Gamma: 1.349
Theta: 0
Vega: 0.005
Rho: 0.006
Elasticity: 4.19
Position: OTM
Probability of closing ITM: 31.60%

.

Can a person's grammar swing from Queen's English to drebar English in 2 years?


Posted by DJThong > 56 minutes ago in TSH

I Chinese school not write big not write clever
Just my sharings how much I losing


Posted by DJThong > 2020-02-27 22:06 in Heng Yuan

Please be careful. Look at the impairment reversal which swings results. Accounts payable ballooned and so did cash - didn’t pay on time

.

zhangzuode,

I was referring to twynstar's point (5) that stated Michael purchased about 30M shares at an average price of around 0.98 in Feb, March and late June.

A substantial shareholder who continues to purchase big blocks is the one of the optics that are being presented.

My point is that Michael already has a block of 180M shares as at March 2021 purchased at an average costs of about 0.28 or so.

Despite the large purchases on the 22nd (15M) and 23rd (5M) June, prices continue to decline.

IDSS and PDT over the past few days have not been significant.

Big blocks are being dumped.


24/06/2022
Total Volume: 69,363,000
IDSS Value: 3,371,642
IDSS Volume: 3,687,700
PDT Value: 45,750
PDT Volume: 50,000

23/06/2022
Total Volume: 96,218,000
IDSS Value: 2,320,222
IDSS Volume: 2.452,300
PDT Value: 575,500
PDT Volume: 600,000

22/06/2022
Total Volume: 59,652,000
IDSS Value: 2,594,419
IDSS Volume: 2,545,200
PDT Value: 220,872
PDT Volume: 214,300

21/06/2022
Total Volume: 47,006,000
IDSS Value: 2,194,774
IDSS Volume: 2,062,000
PDT Value: 377,500
PDT Volume: 350,000

20/06/2022
Total Volume: 56,655,000
IDSS Value: 6,255,784
IDSS Volume: 6,054,800
PDT Value: 1,235,565
PDT Volume: 1,206,500

17/06/2022
Total Volume: 90,159,000
RSS Value: 31,828
RSS Volume: 29,200
IDSS Value: 1,409,498
IDSS Volume: 1,286,300
PDT Value: 1,150,236
PDT Volume: 1,055,000

.

twynstar,

Michael's shareholding was already 180M shares as at March 2021.

The block of 138.9M shares were acquired at less than 0.20 per share


Changes in Sub. S-hldr's Int : DATUK MICHAEL TANG VEE MUN

12 Jul 2016
138,900,000
Acquired via placement by Polo Investments Limited

8 March 2021
41,041,666
Conversion of Islamic Convertible Redeemable Preference Shares ("CRPS") by Mettiz Capital Sdn Bhd


Sources:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2686624
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3137758

.

See_Research's super uptrend, super bull, pivotal breakout to new high, hot picks can be viewed at:

https://klse.i3investor.com/web/cube/blog/blposts/see_research/SEE_Research?pub=N

See_Research Report Card Summary:

1 March 2022
Promoted Stock: TSH
Price then: 1.50
See_Research target: 2.00
Price as at 24th June 2022: 1.08
Price change since blog: -28%

5 Jan 2022
Promoted Stock: KGB
Price then: 1.80
See_Research target: 2.50
Price as at 24th June 2022: 1.19
Price change since blog: -33.89%

24 July 2021
Promoted Stock: OCB
Price then: 1.02
See_Research target: 1.50
Price as at 24th June 2022: 0.75
Price change since blog: -26.47%

21 April 2021
Promoted Stock: Alcom
Price then: 1.24
See_Research target: 2.32
Price as at 24th June 2022: 0.80
Price change since blog: -35.48%

.

In the latest Q3 results, RM147.574M of administrative expenses was expended for the 31st March 2022 quarter.

For the whole of FY2021, the total administrative expenses was only RM121.699M.

What is in the RM147.574M worth of administrative expenses?

Impairment of intangible assets?
Impairment of equipment?
Net reversal of impairment/(impairment) of investments?
in subsidiaries and amounts owing by subsidiaries?
Reversal of unrecovered recoverable costs?
Other administrative expenses?

No explanation at all.

.