fat cat.. why you always want me to sell ? nope not going to ... still believe there is more upside in the long term. :P

trader96 .. LOL boiler manufacturing is but a tiny portion of what CBIP does... :P

PNB has been trying to sell off this company for some time already... maybe now got buyer.. :)

not full monopoly.. all insurance must give minimum 20% to MNRB for reinsurance business.

wooo the Q report must be interesting.

CBIP is a 'hidden' plantation with almost 70k ha of plantation...actually one of the big boys. The land is mostly not planted yet, so will have a big boost in a few years time...

not yet fat cat... not yet... ;)

why not talk about indonesia biodiesel palm oil initiative that makes all the analyst bullish on palm oil again?

hello musang.. why give stale news? already more than 1/2 year old de...

up up and way.. hopefully got good Q report coming..

pity uncle...

no.. cpng

They have must have warehouses full of cash...... and pray that termites dont eat all thier money. hahaha.

Seriously there is like >50 china based companies already found to be fraud and cooking the books in the last 5-8 years. Especially US listed ones where they have activist shareholder looking for fraud.

Why not another one?

Seriously Mr. koon, you should make a trip to china and see if you can locate even 10 of the 100's of stores they claim to have. 30 million is no small change, if I am in your shoes, I will have already engaged a fraud accountant to do background check.

A company with such huge cash pile need to issue warrant to raise more capital? What are they going to do with the extra capital by not giving much dividend but also not using it for expansion (look at capex and investing in the cash flow)? Interest received is so low, no one is going to believe the cash pile is there, unless of course they stuff it under the mattress with zero interest.....

If I am the owner I will straight away offer to privatize the entire company as the share price is much less than net cash.I am sure the Chinese entrepreneur is much smarter than us. Why bother to continue to list?

Also try to go to a major city (Beijing, Shanghai etc)and TRY to look for one outlet in a mall... see if you can actually find any. the last time I am there I cant find one...

Mr. Koon, I used to look forward to your articles and your views, but recently you are making more and more hard selling which is marring your reputation. I am sorry it has come this way....

fat cat.. you gotta wait a long time then.. kikikikiki

no telling... :P

fat cat.. no worries here.. i am not into short term profit.. the WB still got many many years to go...

hello fat brain... i am working in plantation sector in Indonesia... ALL CPO is transacted in USD and not in rupiah. However all labor, local costs and local transport is based on Rupiah. The depreciation of Rp is very beneficial to Indon based plantations.

Only higher royalty for mining company, no new taxes for CPO. In fact indon government is heavily promoting palm oil with it's new min 20% biodiesel initiative by 2020. At a economy projected to grow 6.5% a year, how can foreigners shun Indonesia.

Yous can see indon plantations such as BWPT, AAL has gained >30% within the last month or so...

Also the fat rain of yours cannot understand.. Kfima already earn 11 cents in 6 months, how can they earn LESS in 12 months, unless you are saying sudden loss, which is impossible as CPO is priced in USD in indonesia.

fat cat.. why worry i got my wb at <40 cents. catcatcatcat

take back the 6% still left by EPF.. then no more big sellers already....

Actually some one should be enterprising enough to set up shared towers for all telecom companies and rent out the tower space instead of each company build their own towers. There are even REITs dedicated to towers...

This is very common in other countries even in Indonesia.... YTLP have the muscle to do this if they want...

although the system is ip-neutral, the tower density need to be added for ytlp to have full LTE capability. Wimax is not really 4G, but only a 3.5G++

hng.. wimax towers and lte towers need different density.

For every 1 wimax tower coverage, lte might need 2-3 tower to cover the same area. This is due to higher frequency use hence lower range for each tower.

For ytlp best to concentrate on wimax as the speed is good enough, lte needs time for usage to mature.

According to mr Fat brain logic...

Backward count.. if FY14 PE 14x = RM 1.50 valuation so expected EPS must be 1.50/14 = 0.107 for the entire year...

The recent 1HFY14 already beat that figure.... with EPS for 1/2 year already 0.114

Biggest joker of the year...

i think they will defer the announcement until after the kajang by election .. to avoid bad publicity from 'open' tender...

if really lap sap stock.. why you buy in first place? :p

:)

up a bit also fat choy already? so low expectations ah fat cat?

fat cat kikiki what your other nick? :P

Ah you have been reading the other forum... if you trace back 2.88 is my original target, 2.44 is smoke and shadows only... :P

why do you think i missed it :P

Also EC mentioned below ...

The sources said all bidders, with the exception of YTL Power, had proposed plant sites that are located within the country's major load centre.

This is nonsense.. 2 companies proposed tg. Tohor johor, 1 company proposed in Perak, 1 in carrie island, one in Jimah

ALL the above is spelled out in the AS APPROVED SITES IN THE TENDER

If want to give 1MDB no matter what is the cost, then just give lah, no need give all these stupid excuses which is approved in the tender in the first place.

EC has lost all credibility

The energy commission is making up excuses to give the project 3B to 1MDB no matter what is the cost. It is the EC that drafted the 5 injection points in the tender including Yong Peng where YTLP is injecting. If now all the cons of transmission is spelled out, why put Yong Peng as one of the 5 injection sites.

Anyone with half a brain will think why not the Yong Peng injection power supply to be diverted to Johor instead? Why must pull all the way to klang valley? If the intention is klang valley, why put yong peng as an approved injection site in the first place.

Pure nonsense.

Boom! :)

director's son acquire about 500k shares...since last week...

Madviruz,

Yes, you are right peat soil planting has improved over the years, but still it is inferior to riverine alluvial soil with the newer clones. Also riverine soils have better nutrient content hence uses less fertilizer,less earthworks and hence lower costs.

Overall due to the poor soil factor JT cannot hope to match new plantations with similar/superior clones and improved plantation methodology. A good examples are SOP and SP both which is in the bintulu/miri location, even with fully matured palms, and starting with good clones (planted in 2000's) the FFB yield and OER remains inferior to other plantations. JT on similar soil why is it expected do better?

FFA is not related to soil type but of equal importance for the profitability of the CPO sales. Integrated plantation with own palm oil mill and good transport network to refineries will generally produce low FFA <3% oils which is considered as premium CPO with higher than spot price. Higher price means better profit.

Those plantation deep inside jungle and without own mills and near refineries, can expect FFA of between 4%-8% which is inferior and sold at below spot price.

Not all plantations are the same.

If you look at FR with it's equally young palm distribution (>60% young trees below age 7), why is it able to achieve 19-20 ton FFb/ha yield and a very impressive 22%-23% OER?

Why? you need to look at the soil, palm grows best in riverine alluvial soil, which is predominant in sumatera, south and east kalimantan and also in sabah and western peninsular.

Others areas with poor soil like east peninsular and sarawak, the yield and OER is evident in the data. Even with growth plantations in poorer soil cannot hope to match the efficiency of plantation in favorable soils, no matter what they do. JT is planted on mostly peat soil, which is detrimental to the overall FFB yield and OER, even matured plantation like SOP and SP still is not able to get good FFB yield and OER. JT's FFB yield and OER is extremely poor, and is a hallmark of a peat soil plantation similar to SOP and SP. FFb yield of 25 t/ha is not feasible on these soils.

FFB yield and OER is EXTREMELY important to plantations, as it is the ultimate reasons for its high or low production cost. FR have an impressive 50% gross margin and a 20% net margin on it's plantations even at the current depressed selling price. Also FR is able to command higher price for it's CPO due to it's integrated plantation concentrated in RIAU which can guarantee very low FFA% CPO, which commands a price premium.

Now compared it to JT's gross and net margin, can you see how much is the difference, and why?

Madviruz,

If you look at FR with it's equally young palm distribution (>60% young trees below age 7), why is it able to achieve 19-20 ton FFb/ha yield and a very impressive 22%-23% OER?

Why? you need to look at the soil, palm grows best in riverine alluvial soil, which is predominant in sumatera, south and east kalimantan and also in sabah and western peninsular.

Others areas with poor soil like east peninsular and sarawak, the yield and OER is evident in the data. Even with growth plantations in poorer soil cannot hope to match the efficiency of plantation in favorable soils, no matter what they do. JT is planted on mostly peat soil, which is detrimental to the overall FFB yield and OER, even matured plantation like SOP and SP still is not able to get good FFB yield and OER. JT's FFB yield and OER is extremely poor, and is a hallmark of a peat soil plantation similar to SOP and SP. FFb yield of 25 t/ha is not feasible on these soils.

FFB yield and OER is EXTREMELY important to plantations, as it is the ultimate reasons for its high or low production cost. FR have an impressive 50% gross margin and a 20% net margin on it's plantations even at the current depressed selling price. Also FR is able to command higher price for it's CPO due to it's integrated plantation concentrated in RIAU which can guarantee very low FFA% CPO, which commands a price premium.

Now compared it to JT's gross and net margin, can you see how much is the difference, and why?

Benson911 there is a big big difference between sharing and promoting on vested interest. One is good and should be lauded but the other one is unethical. Can you tell which is which?

likely limit buyback until Q report....

Oh.. and not to mention FR's PER/PBV is much much lower than JT....

All the 'greatness' you have so far high lighted for JT you can find better equivalents at FR...

Almost every post is promoting J Tiasa...

While we respect you as great investor, Mr. Koon, the constant promotion of a single stock is like a broken record playing over and over again.

Your views are great, but perhaps you if could tone down the self promotion a bit, you might get more respect this way.

BTW, I work in the plantation sector, I would buy First Resources any day rather than J Tiasa. FR's large unplanted landbank, very young plantation, OER rate, FFB yield, FFB growth, exposure to up stream and down steam and even the profit margin is much superior to JT.

By the way DBS only gave permission for HDBS to use the 'DBS' trademark for 6 more months only...LOL

I am sure DBS Bank being the 2nd largest shareholder will want to extract more value as well... I believe DBS will not it's investment just lapse like that...so perhaps they are still looking for disposal candidate for their remaining business.

Even with pn17, you still earn the value and still a shareholder. Although you can no longer trade it. hahaha.

hng33 i have calculated at this price, HDBS shares will be a graham net-net share AFTER the special dividend. Cash holding will still be more than market price after adjusting for the special dividend.

I think HDBS will not go to PN17 because the existing business (property letting & money lending) can still generate about 25-30 mil a year 9Inclusive of 14 mil interest savings).

hng33 .. where did you get the info of only distribute RM 2.50/share?

where is track3b announcement?

haha fat cat.. run all you want.. i am stil holding my wb since 45...

wb bloodbath... but mother holding good...

so as long as the fcf from the operations is enough, the sbb should continue...

the money sbb use for buy back is mostly from the free cash flow, the 10 bil war chest is still there...