Learning in one of the telegram investment group buying and accumulating.
it as safe and conservative investment. Also sapu some below 1.20 also.. good luck ..
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131150927 17/01/2025 Buy 10,000 1.1900
131152086 17/01/2025 Buy 10,000 1.1800

Many has burned in Jtiasa 7 -8 yr back when he asked ppl to buy this stock. BUT Jtiasa's financial today is totaly diffferent from 7-8 yrs ago, that time debts was RM1.4 bil, interest RM70mil, last bath land just planted no fruits.
For past 7 yr, all debt hasd paid off. Today, NO debt with Net cash rm100mil, FOCF is RM360mil and all land is matured with min capex coming yrs.
U cant blame KYY, he is good in construction biz, but not in others, many has used his name for market gains also. In share market , there are many news in market and social media, some are useful and some are RUBBISH. Just digest yourself and make your own judgements.
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Many people are attacking KYY per se and jayatiasa caught in the crossfire.

Agree to disagree. It can be value TRAP for some time coming years if the company don't pay out more dividend with the excess cash. So cash will be accumulated in BANK, in just 3yrs, u will be holding a company with over BIllions of cash...
Share market is probability games and nothing is 100% sure. As i see for Jtiasa, it is a safe and conversative bet, 1st of all, it has increased the div to 6 cent FY24 from past yr, an indication of increasing dividend with excess FCF, the mgt has also indicated more div coming yrs during AGM.
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Those who are convinced this is such a good stock, bear in mind that 'good value' can take >5 YEARS to show itself in the price! Witness my Sungei Bagan & Kuchai, that took 10+ years to reflect their full value. And contrasting the size of their revenues & cash flows won't guarantee that this will rise faster. A major holder with nearly 60 mil shrs ever ready to cash out & a deceitful old man which augurs badly for any stock he has ever been involved in[ including THIS ONE in 2014, heralding a 6 to 8-year bear mkt in the price] are going to factor heavily as well. Plus CPO is below 4,200 & is in a strong downtrend...

3/4 have hit 1st oil only minimine part of the early risk elements- there are many others variable risks involved, operationally, currency, financial and unforeseen risk ... This is my concern....Super High leverage and financing cost leave the company little room for mistake. Yinson now operate like PE funds,,, high leverage for More projects. There is no right or wrong for the company... They can hit jackpot if Execution is perfectly done along the ways, we assume NO another oil crisis, counter party default, well operational oil field etc...
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Up to you. Its a hugely cashflowing business, that can reinvest every cent at high returns.

But yes, given the huge size of the Agogo, Atlanta (done), Mary Quitera (done), Anna Nery (done), these contracts were something like 10x the size of their historical orderbooks, they were running on pretty decently high risk if there was any problem with the construction etc.

But now that 3/4 have hit first oil, most of the risk is behind us. Left agogo. But im sure the management will get another 1-2 big deals in 2025 given the financing is in place now.

The conversion for the RCPS is interesting, the higher the share price, the less the dilution.

For any business, the 9.625% of financing cost for bond and 12.95%- 13.5% coupon rate for RCPS are considered at very HIGH if you take the financing cost into the investment-return equation.

In fact, this has left the company very little room for any mistake in managing the risk, e.g. countries risk, execution risk, currency and counter-party risk, just to name fews. Any minor of the mistake in execution can severely impact the company bottom line.

The purpose of Yinson issuing USD debts is to match the contract revenue in USD. Matching of revenue and financing cost and expense in USD. This is one of risk management to eliminate many of the risk matrix as i mentioned earlier... There are many risk involved to be considered. With such high financing cost, there is little room for any mistakes...

@sslee--

The Bond at 9.625%, which is considered as high yield or almost junk bond, is considered at the HIGH side. It is obvious that the investors see this is high risk investment bond.
The 9.625% of financing cost is considered at the HIGH side after taking the financing cost into the investment-return equation. This has left the company very little room for any mistake in managing the risk, e.g. countries risk, execution risk, currency and counter-party risk, just to name fews. Any of the risk can severely impact the company bottom line. The company has taken HIGH leverage for the Investment, there is no right or wrong to this strategy. They can HIT jackpot if they can manage all the matrix and risk very very very well or make loses.. It is so called HIGH risk HIGH gain.
Generally ,the yield on investment grade bonds is about over 5% and the credit spread is between 110 and 130 basis points.
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Nordic bond market at such a high coupon rate of 9.625%--

After disposing it plantation, TSH, it's monthly and quarterly CPO production volume was significant decrease QoQ, therefore, despite evelated CPO price, TSH upcoming EPS may report decrease earning QoQ. TSH will need to spend hundred of millions for expansion to plant the new land, this will take another 5 to 6 years to bear fruits, TSH's gearing may go up in coming years.

Only look at TSH in 5 to 6 years time later...
After listening to one of the Plantation expert in phillip group chat, who predictimg TSH will lagging for years and Jtiasa will be going up slowly to reflect the fair value RM1.6 to Rm2.2 coming yeas with 6 to 7 div yield. SO, i sold all my TSH and shifted to Jtiasa which is in the Best time to buy. GOOD and LUCKY,,,

The BEST timing to pick and invest in a plantation stocks is when The company has gone through the EXPANSION AND PLANTING stage. During this stage, BILLIONS was spent and interest was incurred. Not only that, it is best after 7 years of the expansion stage, only the Palm trees bear Fruits and Debts is paid off.
In whole bursa, ONLY Jtiase meet this criteria and it is NOW in this timing to INVEST in Jtiasa. Soon Jtiasa will start to pay more and more dividends with almost RM 400 mil cash flow every years without further capex needed as 93 % of the land have been planted with tree age 7 to 14 yrs.
INNO and KIM Long were good example if those had invested when both of them at the after 6 - 7 after the CAPEX stage..

Currently Only Jtiasa is turning around financially, operationally and printing money.
Rsawit, Debts few hundred million, palm trees NOT good, companies still burning money for new plantings which will take another 6 to 7 yrs to yield, Debt gearing is expecting to go up further for expansion as almost no cash at bank now, LEGAL case sued by LDHN 58 millions.... That why they need to sell land to survive, need time, 6 to 7 or 10 yrs to turn around... Results will be in RED for many yrs to come...

The IPP is now Paper profit without solid cash dividend. Looking at the local biz, company still need some time to stop the bleeding, especially Mall & the property div, Empty mall and keep burning cash flow of RM10 to 20 mil per Q, the high admin and interest expenses don't seem to stop so fast. With current PP of RM24 mil which can last for another Qs. From the past years, the company is living on fresh cash, PP, borrowing and RI. Wondering how much the 50 MW cash flow can help the company to subsidy the local loses and high admin cost. Expexting another PP or RI in the near future? or waiting the IPP to declare more div coming year end...?

All "paper profit" from the IPP now without declaring any solid cash dividend from the IPP. The company is Burning its Cash now at almost RM10 to 20mil per Q for the local biz loses, without taking into the investing cash out flow, paying for loses in construction, property biz and interest, now bank balance left nothing, NEGATIVE. With the current PP of RM 24mil+, which can last for another Q. Wondering How to sustain the business into another Q.. Another PP at lower price again, and PP again? Company will only turn around unless the local construction and property biz stop bleeding...

Lets discuss some concerns on FRS 17:-

FRS17 full details is not released by BNM. There is no CASH flow impact on the company, there maybe some accounting profit if there is any. To my understanding, there will be minimum impact on the takaful, most of the insurance company has been preparing for the FRS17 years back instructed by regulatory body.

The impact on Takaful will be less less impact than expected, as Takaful is sitting on RM 1.2bil insurance reserve surplus which can be utilized..

Market is dynamic, there are so many players and opinions... No wrong or right.. Happy Investing...

Fundamentally, the profit has been growing 10% to 15 % annually without FAILED from RM140 mil in 2014 to RM 362mil in 2020, expecting the trend will continues with the majority muslim population in malaysia and strong tied up with banks & LPPSA & Gov. Comapany is siting with very healthy insurance reserve surplus of more than RM1.2bil ....... Do more research and make your investment decision based on JUSTIFICATIONS AND FACTS, instead of Pasar gossips...

Gamuda is one of best proxy for recovery. Gamuda business and earning is resilient, business division includes: 1) Construction and infra, 2) Property and 3) Infra and water utilities. For construction, it is the biggest in malaysia, coming job include Penang transportation master plan worth 6 bil and MRT 3 which will roll out next year. More, It is tendering JOB in Australia worth AUS 6bil. FOR MRT 3, it is certain that Gamuda will get the job with the previous expertise and the tunneling machine, i really cant think of others who has expertise and financial to undertake MRT work. For the property division, the business is well diversified into other contries, e.g. singapore, Vietnam which is doing well. Under the Infra and water division, gamuda controls four highways in malaysia, this division's earning is very resilient and contrubutes consistently about RM 200mil +++ yearly. In addition, It is proposing to set up a Highway Trust worth RM6bil+ to unlock the highway value, so expecting a special dividend if this materilise. Financially, the balance sheet is very strong with debt gearing below 0.3..

It is time to accumulate now, buying is coming back to ytl stocks... ytl power and mcement are moving now... YTL too,,,

Preference (PA) share will usually trade at a "discount or below RM 1 nominee value.
PA can only be used if U are exercising( surrender) your warrant @ 0.90.

MNRB Seem much better bet than Takaful in term of value....Both TA and FA seem better. Momentum is picking up...

hi, DK, OTB & SSLEE,
i read some of your comments on Jaks, i can see all of your have done deep and details research on Jaks. Can youy give some advise and opinion on Jaks for coming years. Regardless of the past and drop im price, Is Jaks a good buy for "future"? Is the power plant project going well? Thanks...

Hng33
When is the expected ex date for the dividend Rm 0.15 ?

New TP by analyst: Aminvest 1.13, MIDF 1.17, Kenaga 0.77

Market rebounded strongly and KLCI crossed 1400 pts following the global and US strong's rebound. The market has passed through the 1st "recovery phase" from recent sell down. The next phase is "Reality phase" with the reporting sessions coming. During this reality phase, those with good fundamental stocks will tend to out perform the market. Look out for Muhibah for it catalyst to explore.

In stock market, An investor is emphasized on FA, future prosper of the stock/business, that is why Warren buffer seldom talks about TA, e.g. the support & resistance on stock's daily movement. Trader is more concerned on TA, daily stock's price movement. Finally, syndicate/speculator is mostly concerned on "player" psychology and "pasar" news flows. This is so called NA (No Analysis).
13/04/2020 1:02 PM

This forum is for sharing and discussion, there is no right and wrong answer. This is share market which is so dynamics, even same theory/TA/FA, there are differences interpretations, that why there are buyers and sellers taking different positions. Anyhow, not a single theory and method suits anyone, all depend on investor's risk appetite. Do your own research and make your own judgement with FACTS & JUSTIFICATIONS.

GOOD to hear different opinions and noises in this forum, which is useful for stock analysis, and to learn investor's behavior and psychology...

Share market investment and analysis is a combination of many factors, TA, FA and psychology, it is so dynamics... SO investors should not BLINDLY follow any theory and BOOK. A top lecturer and profession does't mean he is GOOD investor...

When the dust is settled down, all goes back to Fundamental. Technical is just for indication, that is tracking the past "history" and predicting the "future". In fact, TA is not so sutable for stock that is not so liquid and small capitalised stocks. Fundamentally this stock is deeply undervalued. Waiting for good catalyst for upgrade.

The deal is expected be completed in 1st quarter 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3017671

https://www.theedgemarkets.com/article/manulife-partners-takaful-ikhlas-tap-syariahcompliant-market

https://www.theedgemarkets.com/article/cimb-islamictakaful-ikhlas-general-partnership-eyes-doubledigit-growth

Takaful Price is fully reflected of the earnings.. Infact, It is over valued at this P/E of 15. There are other Takaful stock with low PE like MNRB P/E 5, which is better choice...

In similar insurance sector, MNRB price just start to run, offering more upside and limited downside ..

Price momentum is picking up... Up trend ...

Takaful spike again to new high.GOOD..

solaris, is that reliable news privatization 1.80?

solaris, is that reliable news privatization 1.80? i see this MNRB deeply undervalued and it just have a restructuring last year. The profit is just started to kick in...

Anyhow, Takaful's price has up so much... MNRB can worth a look as the price is just started to move, down side is limited. RISK and Return.. Personal risk profile...

Price is picking up since Quarter profit of RM60mil, EPS rm0.125... It is good time to accumulate again.. BY looking at Takaful which has been running to Rm7+, mnrb is worth buying..

Takaful is flying, MNRB is another takaful insurance stock which is lagging... Will catch up soon,,

MNRB's financial & fundamental and the operation have improved substantially with RI and capitalization last year, expecting better financial ahead.

Malaysia takaful business is still has great potential by looking at Takaful's great QR result and takaful stock hit RM6+ today..

MNRB is lagging and deeply undervalued, it will be catching up very soon, expecting good result ahead. Good time to accumulate....

It is undervalue stock as compared to Takaful... The RI last year was BNM's requirement for MNRB to recapitalise its Life and General takaful business. Moving forwards, results will be improving..

MNRB is deeply under value as compare to Takaful which have been running up to RM5.25. Good time to accumulate more ..

TH have been disposing for last few days, but the price keeps trending up. It seem that the shares disposed by TH were slowly collected. Recalled that MRCB had received RM2 bil +++ from TH gov, somethings seem coming.. LOOK OUT...

MNRB is deeply undervalued at thie level. Will be happy to see the this stock selling cheap because of RM12mil loses. I can see smart investors have been accumulating...

MRCB should be the STAR stock under PH gov. Fundamentally is very strong after receiving RM2,4bil from gov. MRCB-WB is worth a look after mother share has been uptrend...

For investment, fundamental is the basic for any investment, TA is more so for trading and short term play....

THis is the stock to watch under the PH gov. The MRCB-WB worth a look....

MRCB-WB is good bet... Look cheap....

https://www.thestar.com.my/business/business-news/2019/02/16/poser-over-mnrbs-dividend-payments/

Fitch upgrade MNRB financial is a confirmation of MNRB's strong financial position. Islamic insurance Takaful stock is moving recently.... MNRB will follow soon...

http://www.theedgemarkets.com/article/fitch-upgrades-malaysian-reinsurances-financial-strength-rating