Unless FCPO can further up more, if not TSH will stay at this price. Why? For coming 2Q expected good earnings already price in (or reflected) by last 3 month or 6month ago’s share price.
When public also know data/info is not call news, it won’t affected share price. Only when public do not know information, then it is call good news.

from fundamentals:

Jtiasa VS TSH

*Jtiasa*
FY 2016
Revenue: 1.02b
EPS: 5.60sen
share price: 1.15

FY2021
Revenue: 723.4m
EPS: 3.30sen
share price: 0.57

Its 5yr CAGR : Revenue -6.64%, EPS: -10.04%, *Share price: -13.10%*


*TSH*
FY2016
Revenue: 872.3m
EPS: 4.30sen
share price: 1.86

FY2021
Revenue: 1.190b
EPS: 12.3sen
share price: 1.08

Its 5yr CAGR : Revenue +6.41%, EPS: +23.39%, *Share price: -10.30%*
Share price didn’t move, two possibility only” either is overlook by market or it is already price in by market

TSH, Inno: https://www.facebook.com/cityplusmy/videos/595243095524466

calvin, " Tsh got almost "1/2 billion acres" of palm oil and forest concession lands with Rm400 millions worth of biological assets"

"1/2 billion acres" = 0.5billion ac = 500,000,000 ac = 500m ac = 202,342,821 Hectares . Pls show me in which page of FY2021 Annual report, TSH got 202.3m ha of whatever lands

Many times I ask Calvin : is PPB or Wilmar performing, but he choose not to answer(same like he didn’t answer many of TSH question asking by me) because of the following :

PPB
FY 2016
Revenue: 4.186b,
EPS 73.46sen
share price: 13.22

FY2021
Revenue: 4.857b,
EPS: 105.17sen
share price: 17.10

Its 5yr CAGR : Revenue +3.02%, EPS: +7.44%, *Share price: +5.28%*

Wilmar
FY 2016
Revenue: 41.4b
EPS: 15.4cts
Share price 3.59

FY2021
Revenue: 65.8b
EPS: 29.9cts
share price 4.14

its 5yr CAGR : Revenue +9.71%, EPS: +14.2%, *Share price: +2.89%*
So, is both Performing or not?

As i said early, for plantation stock, have to choose those efficient one and can pay consistent dividend. Not to those need to sell asset then pay dividend or bonus issue

@Investformilkmoney, not say bad things to TSH. Just to highlight many issue that Calvin didnt or choose or purposely not to said. pls be remember that risk management is very important in any investment. Unless you can be like company founder/owner or Fund like EPF and W.buffet which that have own quite substantial holdings.
Others wise as fund manager or advisor pun, you cant ask people to non stop accumulate or no need to cut loss.
another things is , dont fall in love with stock.

calvintaneng, do you think Warren buffet principle can apply to most of us? he holds quite substantial shareholding in the company. and recently he invest in oil and gas company , to me O&G is categories under "old economy model" industry type , so i strongly believe he is invest in the "wrong company"

remember, market is always forward looking!

Sometimes I do not know whether some experts here is innocent or really pretend to be innocent. Come on lah! this coming 2Q earnings already reflected(or price in) by its share price last 3month or 6months ago

TP only RM 1.07???? , Not RM 2 or RM 3? i thought market is always forward looking. I think HLB research might misleading us

since CPO is good, is Wilmar and Yihai Kerry Arawana is performing?

@ calvintaneng
from https://klse.i3investor.com/web/forum/forum-thread/600778251

can you share with us whats target price for TSH since you said HLB research is so excellent

since HL research is so excellent , What is their TP for TSH compare with RM 1.04 now ? Can you share with i3investor?

@ calvintaneng, even you ignore/refuse/not to highlight above, BUT market will price in it now

Let say 2Q22 CPO selling @ AVG RM 6k,
3Q22 RM 5.5k, 4Q22 RM 5.5k, 1Q22-4Q23 also RM 5.5k
Do you think share price can go further? Share Market is always forward looking from 6month to 9month or even 12month . that’s why market value TSH at around RM 1.00 now

Indian state bets big on oil palm to cut US$19bil vegoil imports
https://www.thestar.com.my/business/business-news/2022/08/03/indian-state-bets-big-on-oil-palm-to-cut-us19bil-vegoil-imports

@ calvintaneng, For Bplant, please check their FFB per Ha, OER and so on before you comments . For long terms investment (as you always said) in plantation. We are looking for most efficient plantation company and can consistent pay good dividend. We are not looking for those lousy (i m not saying Bplant & TSH) especially those need to sell land or other asset then only can pay dividend company.

@ calvintaneng, is TSH share Share performing ? if not, WHY ?
I hope you also can think before answer

@ calvintaneng, is Yihai Kerry Arawana Holdings and its parent company Wilmar Share performing ? if not, WHY ?
I hope you can think before answer

Someone’s comments in this forum is nothing new and nothing is creative. He is just like a point taker, keep repeating the same facts everyday& everywhere as following:

1) OWNER BOUGHT ITS OWN SHARE – as I comments previously , what is the big deals? What is there so surprise? like 母鸡生蛋[hen lays eggs]， Everyone is knowing 母鸡生蛋[hen lays eggs]. If news like 公鸡生蛋， 铁树开花[once in a blue moon]， then make sense. Again, holding substantial of the company share is nothing new(or news)to a founder/owner unless this someone holding > 5% , then it is news
2) ITS NTA & ITS INTRINSIC VALUE – again, what is there so “freshness” ? This is public information, right? Everyone also can get it from Bursa announcement. Do you think public or market don’t know how to value TSH, if not, why market pricing in @ RM 1.00 recently
3) TAKE OVER OFFER- AS MINORITY SHAREHOLDER - of course we want the company continue to be listed and growing from generation to another generation, so that we can growth together with them. Tak kan you buy share @RM 1.80 or RM1.70 or RM 1.60 or RM 1.40 or @ RM 1.00 , then “hope” it can be take over @ RM 3 or RM 5 in the “future”? Must well you buy Jackpot and “hope” you can win the big prizes

AND
He is trying to避重就轻[evade the crucial point] the following:
1) WHAT IS TSH FORWARD SELLING POLICY? - Two months? Three months, Six Months? At what price? (if there is) [I don’t think he knows]
2) CORRELATED TO FCPO PRICES - When FCPO is higher , he ask to accumulate ; down 10% accumulate, down 15% -accumulate , down 20% - also accumulate?????. He is never highlighted FCPO is on down trend (it seem likes no risk management at all!). He is either does not aware or purposely not to aware?
3) CORRELATED TO CRUDE OIL PRICES – Ukraine and Russia Crisis, forever war? How come recently so quiet? Wont end ? What is the world Demand and Supply for crude oil?
4) CORRELATED TO OTHER EDIBLE OIL – What is % of the crisis area is planted with all those crops ? Totally cannot harvest or export? And how was the Brazil and US crops production?
5) WHAT IS THE REASONS TSH CANNOT PAY HIGHER DIVIDEND IN TANDEM WITH ITS EPS IS IMPROVING? - Need to sell land/asset baru can declare dividend? Bonus issue? FYI, bonus shares do not add value, unless the company issuing the bonus shares increases the dividend pay-out

Calvin, is Wilmar performing? is PPB performing , i mean the share price

FCPO -3.3%, TSH +0.03, be careful of this . I cant imagine if FCPO close to RM 3k, what will calvin said and non stop tell his old grandmother story again and again

trading volume suddenly spikes

@Calvintaneng hide the important information of TSH? Yes, I m waiting for you to tell what’s forward sales policy for TSH? Until now, there is no reply from you

@Chon888

Just want to let reader here to digest both positive and negative news AND not just lead by single individual here like Calvin which is nonstop repeating old grandmother story and hide the important information of TSH

称神有何错？人外有人，神外有神，天外有天，无大无小，无始无终

https://www.theedgemarkets.com/article/palm-oil-set-plunge-20-september-top-analyst-predicts

2wk ago , when I throw this question to Calvin:
“ Do some homework and share to i3 reader that what’s the palm oil company’s “forward selling policy” especially “your” TSH, otherwise Pls don’t tell people you are familiar with “palm oil stock””
but he is ignore it and continue with his two old grandmother story telling people selling land lah and director buy share lah……….

FCPO RM 4,500 , divided by 5 = RM 900. Banyak discount if sold only RM 830

@skoh888. thanks. The Reason i wanted to know is because i found that TSH is correlated to FCPO , just like SOP, almost 90 to 100% correlated due to SOP dont have forward sales (according to research house)

is there any forward selling policy for TSH , for how many months? Two months? Three months or Six Months? any idea?

https://futures.eastmoney.com/a/202206222421329573.html

BMD毛棕榈油主力合约 跌幅9.7% 为2021年12月24日以来首次

24/12/2021 TSH RM 1.05(b4 "3sen dividend") . Today RM 1.09. Wau ! not bad for this "dividend stock (DY: 2.75%)"[ after so many years in this line, i learn from this some one , TSH is dividend stock] as someone none-stop saying

calvin, use your common sense lah. CPO will rebound from RM 4,900 to RM 7,000?
cooking oil subsidy abolish will benefits palm oil company? are you sure? dont continue to misleading people

https://www.nst.com.my/news/nation/2022/06/806847/brace-possibility-new-covid-19-wave

Calvin, CPO this yr RM 5k, next yr RM 5k, FY2024 also RM 5k, How’s the palm oil stock can growth? Without growing , how can their dividend pay-out growth? Bear in mind that there are big difference btw “Dividend stock” and “Dividend growth stock”, come on lah, your Robert Kuok ever said : 做生意如逆水行舟，不进则退，
What is there so surprised when a founder /owner keep buy its own share? Why you need to non-stop keep mentioned it everyday & everywhere? You taught people don’t know how to read announcement? What is your hidden agenda behind?
What is there so Hoo-Ha about TSH assets? Based on your logic, Star Media group asset (including its cash) is much value than its current share price. Why you miss this hidden jewel? You were mentioned invest for long term, right?
Don’t just share information that everyone knew. Do some homework and share to i3 reader that what’s the palm oil company’s forward selling policy especially “your” TSH, Bplant, Hsplant, Taann, SOP, Jtiasa, Fgv, Ioicorp, Simeplnt, and Thplant If not, Pls don’t tell people you are familiar with “palm oil stock”

there is need for working capital to perform on these contracts . Sapura Energy got monies now?

When someone claims that himself is expert but only know call buy and not don’t know how to call sell. (NOT SURE is there any motive or intention behind for NOT TO CALL SELL).
To me, please think twice before listen to this type of person(s)
Only “dividend growth stock” (there are difference btw DIVIDEND STOCK and DIVIDEND GROWTH STOCK) can accumulate and keep buy the dip(if share price decline not because of its fundamental/earnings).
Generally, I advise to set your own take-profit target when share price is moving up tremendously (or gap up suddenly)

“会买的是徒弟， 会卖的是师傅”

any good news or update from today's AGM?

There is headline published in NST newspaper today “ No plan to Retaliate Against Rough Forces – CHHB unfazed by sharp selling of its shares , says source”

If you look at MRCB *Number of Outstanding share* & *EPS*

2021 4.467b share/ 0.4sen
2020 4.412b/-4sen
2019 4.412b/0.5sen
2018 4.395b/2.3sen
2017 4.387b/6.6sen
2016 2.144b/13.8sen
2015 1.787b/18.5sen
2014 1.760b/8.9sen
2013 1.651b/-7.4sen
2012 1.388b/4.3sen

this could be one of the reason why the share price did not perform

As my earlier comments " MSCI Equity Indexes May 2022 Semi-Annual Index Review"
All changes will be implemented as of the close of May 31, 2022.

*Deletions*
FRASER & NEAVE HLDGS
WESTPORTS HOLDINGS

@ Johnzhang, unlikely will pay dividend. Most money has gone to its bondholders

The Edge Weekly reported that its share price collapse on concerns over its *debt & cash flow position* and its *ability to execute power projects* it has in hand(construction delays of its ongoing projects including floating Solar Plant in Kelantan and SMART WTE plant in Negeri Sembilan)

under what reason are they selling?

The Board of Directors of Cypark Resources Berhad wishes to announce that RAM Rating Services Berhad has reaffirmed the long-term rating of AA3 for Cypark Ref Sdn. Bhd.’s RM550 million SRI Sukuk Murabahah Programme (2019/2041) via its letter dated 26 May 2022.

The AA3 rating indicates high safety for payment of financial obligations. The rating outlook is maintained at negative to reflect RAM Ratings’ concerns of extended construction delays for the two floating solar plants at Danau Tok Uban beyond its stressed timeline.

RAM Ratings' rating assessment has also considered the extraordinary resolution notice that was circulated to the sukukholders on 23 May 2022. These changes, including modifications to the transaction terms and payment structure, are not averse to the issue rating.

The reaffirmation of rating at AA3 is expected to provide confidence to sukukholders to support the proposed amendments in the extraordinary resolution favourably.

This announcement is dated 27 May 2022.

UTILISATION OF PROCEEDS:
Repayment of bank borrowings (Within 12 months)
Working capital (Within 12 months)
Estimated expenses in relation to the Proposed Disposal (Upon completion)
Total RM 962.2m

Shareholder ?

Recently, I attend a local fund talk. That fund said something abt United Plantation:
1. Utdplt’s ASP was below the MPOB avg( MPOB avg ASP in 2021: RM 4,407; UP: RM 3,309 ; MPOB avg ASP in 2020: RM 2,686; UP: RM 2,613) due to forward sales executed for a portion of its production. So, it will result in lower ASP in a rising market, as opposed to higher ASP in a falling market
2. Utdplt’s forward sale policy is prudent as no one can time the peaks and troughs of CPO price precisely.
3. When CPO price falls, it will be able to report higher than Avg prices, and this will lead to a less volatile earnings and dividend pattern
4. Even though the palm oil business is volatile and cyclical, Utdplt has in the past managed to grow its earnings and raised its dividend pay-out steadily and that fund expects Utdplt to continue with this fine performance in the years to come

That fund view that long-term fundamentals of the palm oil business have changed structurally due to:
1. It is very difficult for Malaysia’s CPO output to back to its peak
2. The high growth rate in Indonesia’s CPO output is over
3. The planting growth era is over, implying that supply growth in the long term will be an issue
4. Automation and mechanisation in the palm oil industry have been difficult to achieve.

FCPO night trading session just opened: Aug2022 Contract RM 5,967 -105( -1.7%)

https://www.theedgemarkets.com/article/indonesia-lifts-palm-oil-export-ban-relief-global-market

MSCI Equity Indexes May 2022 Semi-Annual Index Review

MSCI MALAYSIA INDEX
*Additions*
MR DIY GROUP

*Deletions*
FRASER & NEAVE HLDGS
WESTPORTS HOLDINGS