Now you know why I say Philip not selling Pchem at the upcycle and hold to cash is a mistake.

Indonesia, Malaysia and global palm oil industry players committed to NDPE.

So before pricing the stock need pricing the industry then only pricing the individual industry player.

Jayatiasa is now my main stock in my portfolio for the reason I wrote in my AGM questions.

First and foremost please convey my congratulation to Jaya Tiasa’s BOD and Management team for a job well done with another stellar set of positive results FYE 2024: EBITDA RM 356.54 million, PBT RM 200.26 million, PAT RM 128.97 million (EPS 13.31 cent), dividend 6 cent and a new milestone for Jaya Tiasa in net cash position

The No Deforestation, No Peat, No Exploitation (NDPE) policy is a sustainability commitment that aims to create a more environmentally and socially responsible palm oil industry. The policy includes:

No deforestation
This includes not converting natural forests or high conservation value forests to other uses.

No conversion
This includes not converting non-forested natural ecosystems like peatlands to other uses.

No exploitation
This includes not allowing child labor, forced labor, discrimination, or other violations of worker rights.

Free Prior and Informed Consent (FPIC)
This includes obtaining consent from indigenous peoples and other local communities.

Zero burning
This includes not burning.

Conservation
This includes conserving high conservation value (HCV) areas, high carbon stock (HCS) areas, and peatlands

Just think about it.
AI DC consume so much electricity and water resources.
Can these resources channel into more productive used to benefit mankind?

Do we need AI to do the thinking for us or can we think for ourselves?

Imagine if everyone start to use AI for stocks trading then what will happen to stocks market?

No worry come Q4 sure lose making due to impairment of contract assets and receivables.

A lot of profit actually go to non-controlling interest.
Anyone know who is/are the non-cintrolling interest?

If you are young, count your good fortune.

Indeed how nice to be young, as you can afford to make mistake, learn from the mistake and start all over again.

To compound your wealth consistently u need more than timing the market.
Care to elaborate?

Young man you have a long life ahead of you so don't waste living other people life, be brave to take risks/adventures and live life to the full.

Nothing come easy. Remember there is no free lunch it this world and life is tough and don't take it easy.

Compounding works if you already have a big sum of capital.

But to get a big sum of capital, first you need to work harder then just watching paint dry. You need ROI above the compounding rate.

So young man nothing come easy, you need to work double hard as for old man like Philip, 3iii or even me we can afford to sit back, relax and let our money do the job for us.

30 September 2024: 30 June 2024
USD/MYR
Average rate 4.4566: 4.7323
Closing rate 4.1065: 4.7205

Jaks
Jun-2024 31-Dec-2023
RM'000 RM'000
Investment in Joint Venture 943,960 904,452
Based on June closing Exchange rate 4.7205 and Sept rate 4.1065 what will be JV value as at end Sept 2024?
How many millions foreign exchange losses?

Soybean oil is primarily made up of polyunsaturated fatty acids (PUFAs).
Palm oil primarily saturated and monounsaturated fatty acids.

Polyunsaturated easily react with oxygen hence during deep frying soyoil turn bad/oxidized very fast.

Palm oil is the world most stable oil for deep frying.

Normally I just bought untill my trading account spare cash become zero.

One more week to go before Jayatiasa quarter ended Sept 2024 result out and I am very sure the result will be very good hence the need to sell some others share to buy more jayatiasa.

Is someone is so ignorance and did not know that FFB produce 2 different oil: CPO and PKO.
From FFB palm oil mill output products are CPO and PK.
PK will be sold to PK mill and out put products are PKO and Palm Kernal cake.

Sarawak plantation Revenue 149 million PBT 41.76 million.
I expect jayatiasa Revenue should be 300+ million and PBT abt 100 million.


Date Financial Result Financial Ratio Per Share Item Performance
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
QoQ
YoY
Financial Year: 31-Dec-2024
30-Sep-2024 149,069 41,763 31,231 31,069 20.95% 3.85% 11.13 15.00 2.8900 20.91% 14.55%

Next week need to sell some other stocks to buy jayatiasa.

https://jayatiasa.listedcompany.com/slides.html

Repost:
Jayatiasa palm oil planting (2002-2016)
Ha
885
922
2388
3525
7198
7527
12086
9027
6866
4593
3528
4200
2936
3373
535
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Replanting
Year (Ha)
2024 1020

Petrochemical are currently at its down cycle due to capacity expansion far excess demand expansion.

Pchem profit will be lower for years to come and some other players will be lose making and some will close shop.

Had any oil seed producers or industry committed to below NDPE beside Palm Oil industry.

The No Deforestation, No Peat, No Exploitation (NDPE) policy is a sustainability commitment that aims to create a more environmentally and socially responsible palm oil industry. The policy includes:

No deforestation
This includes not converting natural forests or high conservation value forests to other uses.

No conversion
This includes not converting non-forested natural ecosystems like peatlands to other uses.

No exploitation
This includes not allowing child labor, forced labor, discrimination, or other violations of worker rights.

Free Prior and Informed Consent (FPIC)
This includes obtaining consent from indigenous peoples and other local communities.

Zero burning
This includes not burning.

Conservation
This includes conserving high conservation value (HCV) areas, high carbon stock (HCS) areas, and peatlands.

PPC most likely lose making during demand downturn.

Below will make a lot of money during demand upturn:

We refer to our earlier announcement dated 28 November 2023 in relation to the validity period extension of the existing gas sales agreement (“Agreement”) between PETRONAS’ wholly owned subsidiary, PETRONAS Energy and Gas Trading Sdn. Bhd. (“PEGT”) and PCG’s wholly owned subsidiary, PETRONAS Chemicals Marketing (Labuan) Ltd. (“PCML”), for the supply of ethane and propane as feedstock for plant operations at PETRONAS Chemicals Olefins Sdn. Bhd. (“PC Olefins”).

PCG wishes to update that PEGT and PCML have mutually agreed for the price terms of the supply of ethane and propane to PC Olefins to remain as stipulated in the current Agreement, for a period of five (5) years beginning 1 January 2025.

This announcement is dated 20 November 2024.

Maybank Investment Bank, which now has the second-lowest target price for the stock at RM3.82, flagged that the inclusion of losses from its Pengerang Petrochemical Company Sdn Bhd (PPC) would lead to a profit contraction for Petronas Chemicals in 2025 even as overall product spreads improve.

Below are facts and figures of Jayatiasa

FYE 2024 quarterly CPO price
Quarter ended 30/9/2023 CPO price: RM 3732
Quarter ended 31/12/2023 CPO price: RM 3616
Quarter ended 31/3/2024 CPO price: RM 3838
Quarter ended 30/6/2024 CPO price: RM 4026
With FYE 2024 FFB production of 1,155,478 MT, Jayatiasa plantation reported EBITDA of RM 414 million.

For FYE 2025 Management budgeted FFB production 1,211,852 MT, so if CPO price can hold at this elevated price what will be FYE2025 EBITDA?

Remember share price will go up if earning go up

By the way Balian, I almost fall off my chair lauging that some UK supermarkets want to sell only non-palm products.

Can they do so????

A big thanks to the signing of agreements with UK supermarkets to sell synthetic palm oil. This is the best evident that palm oil is the healthy oil and thus now selling at premium to soyoil instead of at discount.

Do UK supermarket know that home care, personal care, health care, health supplement, cosmetic, bakery, confectionery, pet food, sauce, animal feed and thus diary, plastic, rubber and etc also contain palm and palm derivatives?

Jun-2024 31-Dec-2023
RM'000 RM'000
Investment in Joint Venture 943,960 904,452
If above is USD converted to MYR.
Then what will be it value as at end Sept 2024?

Glad to pick up more Jayatiasa at discount sales

Jaks Vietnam foreign asset in USD quarter end Sept 2024 will see big FX exchange losses.

MiaoMiao7 question is, can it drop somemore? RM3.80 possible?

You need to wait for all IBs analyst new TP.

HS plant result:
Group’s revenue for the current quarter at RM177.3 million was 8% above the preceding year corresponding quartermainly due to higher average selling price and higher sales volume of all palm products. Current quarter’s average selling price per tonne of Crude Palm Oil [“CPO”] and Palm Kernel [“PK”] were RM4,098 and RM2,731 as compared to the preceding year corresponding quarter of RM3,924 and RM2,142 respectively. CPO sales volume for the current quarter was marginally higher at 36,777 tonnes whilst PK sales volume was 4% higher at 8,525 tonnes as compared to the preceding year corresponding quarter of 36,726 tonnes and 8,167 tonnes respectively.

Jaya Tiasa
Quarter ended 30/9/2024
Crude Palm Oil (MT) 69,463.00
Fresh Fruits Bunches (MT) 343,397.00
Palm Kernel (MT) 15,878.00

So plantation revenue= RM 69,463x4,098+ 15,878x2,731 = 284,659,374 + 43,363,818
RM 328,022,192

All this while Pchem is profitable because of protection by Petronas.

Now with 50:50 JV PPC Naptha feedstock based on market price can PPC be profitable?

I'm lucky yesterday my car broke down at the right time and right place or else I wouldn't be able to write now.

Repost.
Posted by Berlin > Nov 19, 2024 10:42 AM | Report Abuse
The final solution dealing with toxicity is to not respond to the source of provocation and just walk away. It is difficult to do so when you are unjustly maligned but ultimately, there is no other solution.

PetChem managing director and CEO Mazuin Ismail said the group is gearing up for commercial operations at its petrochemical units in PPC at the year-end.

However, he added that the start-up of the large-scale capital-intensive assets will have material impact to the group's earnings, which includes currency translation effects.

Next quarter will see PPC negatively impact the group’s bottom line as it will begin recognising finance and depreciation costs.

https://www.reuters.com/business/energy/sinopec-aramco-start-building-petrochemical-complex-chinas-fujian-2024-11-18/

Is someone know that they are the one flooding every forum with gibberish, slander, toxic and make useful and truthful information a scarcity to comeby, no thanks to you know who?

Again a big thanks to @M3T0123 for the uaeful information.

TQ for the information.

On the regulatory front, ANP scheduled the measurement system inspection for the FPSO Atlanta in the last week of November 2024. The Company plans to complete the submission of other conditions required by ANP for the start of operations of the FPSO Atlanta by the end of November.

In Malaysia, Bursa Malaysia is mandated to operate the stock exchange as a commercially driven, public-listed entity. It is also mandated by Listing/Regulation/Disclosure Act as the front-line market regulator policing public-listed companies and market intermediaries.

These two mandate clash and give rise to conflict of interest as many of Bursa’s decisions on approval, suspension, delisting and waive seem indulging in excessive corporate abuse for the benefits of controlling shareholders

Let's be realistic, I think for speculative play and gambling, ordinary investors stand no chance against corporate bigwigs and insiders.

May I ask how many percent of the listed companies in Bursa Malaysia today are of investment grade? My estimate is not even exceeding 20 percent.

These companies raised money from the market, but do they really care for returns to shareholders? How many companies have provided decent dividends, if at all declared any dividend, to shareholders?

To me, many of these companies with listed status are nothing more than “conduit” for them to print money. They exist mainly for the sole benefits of those who are in control of the companies.

The management and the controlling shareholders are being lavishly rewarded while shareholders who provided the funding are given pittance or nothing.

Me rated jaks as sucker stock. Suck in all the money from suckers via PP and RI 🤪🤪🤪

You do not need to physically attend the AGM. You just need to email your AGM questions to IR and I am sure the BOD will answer your AGM questions.

Early of the year after I sold most of my Insas, I keep 2 milion+ in my trading account and earned interest of 3k+ per month.
No a bad decision to hold cash.

People delete post just because people do not want to westle with pig.

By the way once jayatiasa reply my AGM questions, I will post it.

Aiyoyo FPSO Anna Nery is the first big FPSO project under take by Yinson with partners to gain experience. The next big 3 (three) will be the big earners for Yinson.

FPSO Anna Nery production capacity = 70,000 bpd ( First Oil is on May 2023 ) 63.2% owned

FPSO Maria Quitéria has a production capacity of 100,000 barrels of oil per day (bpd) ( First Oil is on October 2024 )

FPSO Atlanta production capacity = 50,000 bpd ( First Oil is Delayed)

FPSO Agogo production capacity = 120,000 bpd ( First Oil by early 2026 )

Thr last time AAX did a debt restructure is paying creditors 0.1 cents for every dollar owed, capital reduction, 10 to 1 share consolidation follow by PP capital injection.

If Sapnrg dare to do above then very sure will be out of PN 17.

Do you need to study every detail of financial result 2024 or 2025 when Yinson management already projected EBITDA is expected to reach about USD 1 billion annually from 2026 and expect free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards based on today’s interest rates?

Let's sit back and watch the wave formation afterall 2026 is just 14 months away.

Philip need to learn selling at the top cycle/overvalued and holding cash is not a bad idea.

“When stocks are overvalued, Berkshire's cash piles up because Buffett is finding less and less to buy,” Pollock added. “He's not a market timer. Selling down Apple and having this much cash in a richly valued market is classic Buffett.”

https://klse.i3investor.com/blogs/Sslee_blog/2024-11-16-story-h474577859-Questions_for_upcoming_Insas_62nd_AGM_on_29_N0v_2024.jsp

Send out above email this morning

https://klse.i3investor.com/blogs/Sslee_blog/2024-11-16-story-h474577791-Questions_for_upcoming_Jaya_Tiasa_s_AGM_on_28th_Nov_2024.jsp

Send out above email this morning

Send out above email

Send out the above email.

Is Singapore government unethical and sinful because of legalised gambling, drnking and prostitute?

3iii is ethical because he did not misled people into investing in penny stocks like Netx.