I disagree.

Jtiasa balance sheet is real
Its Ffb is quantifiable and reported in Bursa monthly. And Oct 2023 it reported very high Ffb over 130,000 tonnes

For Kgb all its earnings are opaque and veiled in secrecy.
Its Rm420 mil project in Sarawak till now we do not know the client's name nor payment
Its venture into China is highly risky as China now in economic trouble. For Singapore as well there is WKS Industrial Gas which already controlled the market. I don't see it can compete against this established Strong Homegrown Player

As such no matter how they bright they tell you it is no use if they cannot show us concrete cash

Serba was once touted to be a hot stock and they even expand to "outer space"

In the end?

Tsh has used it's real cash to pare down borrowings from Rm1.46 Billions to less than Rm77 millions now

Matter of time Tsh will be debt free and CASH RICH (REAL CASH AS NOW CPO RANGES RM3500 TO RM4200 WHILE COST OF CPO PRODUCTION RM2000 TO RM2200)

FOR KGB THERE IS NO CASH IF YOU SUBTRACT CASH BY BORROWINGS

ONLY RECEIVABLES (IOU) FOR 6 QUARTERLY REPORTS

THE RISK AND REWARD BUYING AND HOLDING TSH IS 5% RISK AND 95% REWARD

WHILE THE RISK AND REWARD HOLDING KGB LONGER TERM IS 95% RISK AND ONLY 5% REWARD

AS WE KNOW FROM LONG EXPERIENCE

ONLY 5% CAN EVENTUALLY MAKE MONEY IN STOCK MARKET AND 95% ARE GUARANTEED TO LOSE MONEY PUNTING SHARES

A very dishonest and sly person this SEE_(Blind) Research guy

why left out our great call on Bplant at 57 sen?

after receiving 24 sen total dividend our cost only 33 sen

from 33 sen to Rm1.55 LTAT offered price is a Whopping 369% gain

Calvin = call win

Not only told all to buy winning stocks

Also gave warning on Mmag, Gpacket
Sendai
Serba
Jaks


All warned to sell at Rm1.60

Now 4 crashed below 10 sen and Jaks (jaws) to 20 sen

humbly acknowledge

Warren Buffet 25%
Peter Lynch 29%

beaten both at 100%
😎

already made 1000% since 2013 till now

100% gain per year for last 10 years yearly gain

Blind_Research can only see small faults

Big Wins he cannot see

1. Super Enterprize
buy call Rm1.28
taken private Rm3.80
up 200%

2. Tmakmur -:land of prosperity

buy call Rm1.30
Pahang Royalty took private Rm1.90
up 38%

3. Kulim buy call Rm2.50
jcorp took private Rm4.10 (up 60%)

4. karambunai
buy call 6 sen
after it dropped half sen to 5.5 sen many cry father cry mother
then kbunai taken private at 11 sen (up 100%)

5. Ijm plant
buy call Rm1.88
Klk took private Rm3.10
up 65%

6. Bplant (certainly no pebble)
buy call 57 sen
dividend 24 sen
real time cost 33 sen
LTAT takes private at Rm1.55
Up a whopping 369%

7. Kwantas was 50:sen
taken private Rm1.65
up over 200%

8. Daiman (diamond)
Rm2.20 taken private Rm3.00
up 36%

Today

Jtiasa with real Cash earnings in Acc gone up

Why Kgb with only Receivables (all IOU) are trapped

Finally

Blind_Research who brought ikan bilis, newbies, water fish, sotong, sardines to chase Kgb have been trapped at penthouse

Small brother WTK spent Rm250 million buying palm estate and mill so Elder brother Jtiasa spent Rm52 million buying palm oil investment ok lah

Oriental, Kretam, Kmloong and others all also buying more palm oil plantation

Klk even sapu entire Ijmplant

Sure
Time will always tell

Over a short term the share market is a voting machine. But over a longer term the stock market turns into a weighing machine

4. RECEIVABLES IS NOT CASH


This was when I bought into Megan Media at around 67.5 cents. From

the Balance Sheet Megan Media showed a P/E of only 3. NTA at over

Rm2.00. It also pay a small dividend.

So many have been tricked by the “blue ray” disc hype touted by

Megan Media Bosses. However, My Johor Sifu stood his ground &

rejected buying into this popular stock which so many others bought.



Why? He questioned the High Amount of RECEIVABLES In Megan

Media’s Accounts. RECEIVABLE IS NOT CASH. What is CASH Then?

According to my Johor SIFU The Smart Accountant, “CASH IS ONLY

CASH IF THE CASH IS RECEIVED AND DEPOSITED SAFELY IN

THE BANK”.





Being not sure I still held on to my Megan Media shares and watched it

carefully. Then one day to my surprise, I saw Insider selling 3 million

Megan Media shares! And then they unloaded another 5 million shares!

Insiders are bailing out!! The pilots are parachuting!!



Straight away I called my Remisier to sell off every Media Megan

shares at 66 cents for a small loss. Next day to my chagrin Megan

Media even rose to touch 70 cents. If only I had sold one day later?

Then I would have made some profit? Why the hurry? Weeks passed.

Then one day the horrendous result came out. Megan Media went limit

down!


It plummeted to just over 30 cents. One Mr Teh thought it was bargain

time & loaded up. Loading up falling knives? Megan Media went

bankrupt and got delisted. It was found out later that all the Blue Ray

Disc Factories were non existent. RECEIVABLES WERE ALL FAKE OR

FICTITIOUS.

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-12-15-story-h1595602911-TOP_10_VALUABLE_INVESTMENT_SECRETS_MY_JOHOR_SIFU_TAUGHT_ME_5_RIDING_ON_

What cash cow? Even now also cannot collect present cash as it is sitting on high Receivables (IOU papers; no cash)

And it will need to either borrow or give out Rights issues to ask for more monies for building.
No guarantee as Malaysia now signed special trading agreement with Asean and China

They can dump cheaper UHP Gas to compete. Even Opcom homegrown fiber optics got hammered by Huawei optic fibers dumping at cutthroat prices and Opcom has to divert its business model

Better wake up and don't be a frog in the well

Why you overlooked page 2?

there are non current plus current loans amounting to Rm216 millions (cash on hand insufficient to cover debt ) and then there are liabilities/payables Rm506 millions (also not enough coverage by Receivables)
a cash call can come soon

As for "profit" from Singapore also highly suspect as Wks Gas Singapore has a strong monopoly in Singapore market. I think they are 3 to 5 times more efficient than any competition from outside Singapore context. And China Jin-Hong Gas suffered losses in the current downturn in China

The Rm420 millions job supposed to finished by End 2022 also unaccounted for. Plus we also got no idea what Company Kgb is dealing with as it is shrouded in secrecy

I would never invest in such opaque non transparent Co

Latest cash Rm188,178,000?

It was from from more bank borrowings of Rm216,000,000 which will incur bank interest

There is NO CASH Generated from operation except Receivables (IOUs)

These are some legal above board answers by Ms Ngu

Reason why Jtiasa managed to produce extra 36% FFB ?

Answer: Because Jtiasa Excellent Management worked very hard and overtime by encouraging Indon Ffb fruit harvesters to work very very hard to gather as much Ffb as possible

a minimum wage is Rm1500

but hard working Indon Ffb workers get as much as Rm2500 to Rm3000 or more

well worth the effort as Cpo now Rm3500 to Rm4200 (last time Rm2000 to Rm2400)

As a result Jtiasa will see very high profits

Section B. 12 has been reporting since June 2022 till now with every single qtr after qtr for 6 consecutive qtrs of high Receivables (Ioi) over Rm400 millions

This kind of Receivables is suspect

Plus all these are Iou papers in hand

Cash can barely cover borrowings

The red flags are these

1. Rm255.8 millions contract liabilities

2. Trade payables Rm188.9 millions

3. Other payables Rm62 millions

All these add up to over half billion time debt bomb 💣

Below are extracts from Past Quarterly Reports of KGB



KELINGTON GROUP BERHAD ("KGB")

[Company No. 199901026486 (501386-P)]

Statement of Profit or Loss and Other Comprehensive Income

For The 2nd Quarter Ended 30 June 2022

Trade receivables Rm325,044,000

Other receivables Rm37,469,000



Total Receivables or IOU = Rm382.513 Millions



The 3rd Quarter Ended 30 September 2022

Trade receivables Rm343,453,000

Other receivables Rm68,075,000

Total IOU = Rm411.528 Millions



31 December 2022

Trade receivables Rm384,641,000

Other receivable Rm80,805,000

Total IOU: Rm465.446 Millions



31 March 2023



Trade receivables Rm334,890,000

Other receivables Rm102,703,000

Total IOU : Rm437.593 Millions



30 June 2023

Trade receivables Rm321,366,000

Other receivables Rm85,460,000

Total IOU: Rm406.826 Millions



d Quarter Ended 30 September 2023



Trade receivables Rm380,369,000

Other receivables Rm81,049,000

Total IOU : Rm461.418 Millions



Above shows persistent delay of Full Payments for Work Done by many quarters

How much of these sums will turn into bad debt?

OR are they questionable accounting and book cooking?


https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-12-01-story-h-213383841-THPLANT_5112_at_50_5_sen_Versus_Kelington_0151_at_Rm1_88_Compare_contra

Psalm 1
New American Standard Bible
BOOK 1
The Righteous and the Wicked Contrasted.
1 Blessed is the person who does not walk in the counsel of the wicked,
Nor stand in the [a]path of sinners,
Nor sit in the seat of scoffers!
2 But his delight is in the Law of the Lord,
And on His Law he meditates day and night.
3 He will be like a tree planted by [b]streams of water,
Which yields its fruit in its season,
And its [c]leaf does not wither;
And [d]in whatever he does, he prospers.

4 The wicked are not so,
But they are like chaff which the wind blows away.
5 Therefore the wicked will not stand in the judgment,
Nor sinners in the assembly of the righteous.
6 For the Lord [e]knows the way of the righteous,
But the way of the wicked will perish.

Berlin

Fully 👍 agree

That was why Jtiasa crashed from Rm2.70 in year 2014 when Uncle KYY first promoted jtiasa.

And it dropped from there till 63 sen (lowest was only 59 sen)

Trust deficit and Insider cross party dealings look apparent and people avoided Jtiasa like the plague

However, being a maths person we studied the balance sheet and see Rm1 billions debt cleared.
Unlike so many telling you how good but later give out Rights issue to ask for monies
In Jtiasa's case we received 2.8 sen + 1.5 sen + 1.7 sen = 6 sen dividend

And since our cost 63 sen it is already 9.52% dividend so far so good

Ms Ngu will connect you to relevant BOD should you ask further

Now the accounts have shown all the cash intact
The Rm52 mil purchase of related palm oil dealing is transparent as Rm65 millions accounted for in PPE

Above all we see very little debt and high Ffb over 130,000 tonnes for Oct 2023

All the trust deficit will still take time to clear and by the time when people are in the clear prices would spike up higher

Posted by sense maker > 10 minutes ago | Report Abuse

Operating cash flow of RM350m a year, conservatively speaking, selling now for RM930m. Ridiculously low. Big trust deficit by the market over the management. Fair value is around 4-5 times of operating cash flow, conservatively speaking, which translates into around RM1.65 a share. What a joke because at the current market price, investors are essentially expecting the management will do some hanky panky again.

NO LEH

MS NGU THE SECRETARY OF JTIASA INVITES INSTITTUTIONS AND FUND HOUSES TO CONTACT THEM IF GOT ANY DOUBTS OR QUERIES

Correct
By next year when Jtiasa turns into debt free net cash company quantum of dividend can increase just like Inno increased to 80% of net profit

By then we might see double digits dividend

And not forgeting Fgv ( full of golden value)

StartOfTheBull

Yes why not?

We chose top 10 palm oil stocks for 3 straight years already and Bplant outshines all for now

Jtiasa is jumping tiger

Taann (great peace or tahan) gave us the most dividends like bplant

Others are hs plant, Thplant, Tsh resources, SOP, Simeplant and Ioi corp

All excellent chosen ones

Yes by all means a genuine shareholders

ask these requests

1. 1st congratulate all Staff and BOD (Board of Directors) for their hard work to make Jtiasa pare down huge debt and almost debt free now

They have done a great job and deserve out applause 👏👏👏

2. Make a request for good dividend
highlight Utd Plant and Innoprise and Taann examples in giving out good dividends
since 171,000 acres out of 206,000 acres are of prime age there is no need of high capital outlay for another 11 years more till age 25 before any need of replanting
So surplus cash could be given out as dividends

3. Concrete real dividend payout will repair trust deficit like nothing else could
so please do start giving out good dividends

that is all
everyone else please think of what positives you can contribute in AGM tomorrow

Thank you

Calvin Tan

Jtiasa is on to a multiyear steady income generation

Next we should see good dividend stream for a new change

Short term Jtiasa might still see Ib banks doing short sell mother share to suppress price due to their call warrant

In some Ib banks no longer issue new call warrant as in Fgv and bplant as they are being taken private

For jtiasa any sell by ib banks offer us an opportunity to buy mother cheap

If you like GuanChong Cocoa

Then can consider this One

https://www.tsh.com.my/other-businesses/

GIANT TREASURE

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

0 seconds ago

JAYA TIASA NOW IN NEW GROWTH PHASE

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

0 seconds ago

JAYA TIASA NOW IN NEW GROWTH PHASE

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

JAYA TIASA (4383) LATEST RESULT SHOWS A HUGE SURPRISE JUMP IN PROFIT: UP BY 100% KUDOS TO YOUR EXCELLENT HARD, WELL DONE! WELL DONE!! WORK , Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-11-29-story-h-214097097-JAYA_TIASA_4383_LATEST_RESULT_SHOWS_A_HUGE_SURPRISE_JUMP_IN_PROFIT_UP_B

WHY SINGAPORE STRONGEST BANK DBS GROUP LOVES TO BUY MALAYSIA SMALL CAP PALM OIL STOCKS, Calvin Tan

https://sgx.i3investor.com/blogs/Jbhouseforsale/2023-11-23-story-h49599028-WHY_SINGAPORE_STRONGEST_BANK_DBS_GROUP_LOVES_TO_BUY_MALAYSIA_SMALL_CAP_PA.jsp

Spore DBS has two slots in Top 30 shareholders of Jtiasa

Fong Siling aka Cold Eye increased his stake in Jtiasa from 5 million to 10 million Jtiasa shares

A generous 15 sen dividend
👏
👏

RISE OF A NEW ADMIN CAPITAL

https://www.youtube.com/watch?v=wEB0hgqcuMI

Capital appreciation: Indonesia’s Nusantara vs Malaysia’s Putrajaya

https://www.freemalaysiatoday.com/category/opinion/2022/01/23/capital-appreciation-indonesias-nusantara-vs-malaysias-putrajaya/

calvintaneng

Proverbs 15:2 Amplified Bible (AMP)
The tongue of the wise speaks knowledge that is pleasing and acceptable, But the [babbling] mouth of fools spouts folly.

Blog: NUSANTARA (NEW CAPITAL OF INDONESIA) UNDERSTANDING ITS LAND STATUS & VALUE, By Calvin Tan

https://klse.i3investor.com/web/forum/forum-thread/608758598

Proverbs 15:2 Amplified Bible (AMP)
The tongue of the wise speaks knowledge that is pleasing and acceptable, But the [babbling] mouth of fools spouts folly.

Blog: NUSANTARA (NEW CAPITAL OF INDONESIA) UNDERSTANDING ITS LAND STATUS & VALUE, By Calvin Tan

https://klse.i3investor.com/web/forum/forum-thread/608758598

Proverbs 15:2 New American Standard Bible - NASB 1995 (NASB1995)
The tongue of the wise makes knowledge acceptable, But the mouth of fools spouts folly.

Blog: NUSANTARA (NEW CAPITAL OF INDONESIA) UNDERSTANDING ITS LAND STATUS & VALUE, By Calvin Tan

https://klse.i3investor.com/web/forum/forum-thread/608758598

From all above examples we see Hak Milik Guna (35 year leasehold lands ) are valued highly in Kalimantan

1. Klk wanted to buy lands from Tsh but aborted

2. After Klk failed to secure lands from Tsh it panicked and paid a premium to take over Ijmplant at Rm3.10(from Rm1.86)

3. Greentech Park bought Tsh bulugan land for RM731.09 Millions (book value Rm204.557 mil)

4. Indonesia Govt willing to move goal post and change land use in Ikn Nusantara by increasing landlease to 100 years

5. Mkh Palm oil Ipo at 60 sen
When it has only a smallish 45,438 acres

M&A securities indeed very brave and bold to undertake this IPO

Hello there

anyone managed to escape to the safety of Tsh Resources, Jtiasa or Thplant ?

https://www.youtube.com/watch?v=BUSD0kxKqCc