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9 comment(s). Last comment by weng 2017-12-13 07:23

calvintaneng

53,599 posts

Posted by calvintaneng > 2017-10-30 05:39 | Report Abuse

Timber division bad quarters was due to Govt tax and restriction.

That was then.

Now these are the positive factors:

1. ALL ILLEGAL LOGERS WILL GO OUT OF BUSINESS. LAST TIME GOVT ALSO DID THE SAME TO ILLEGAL STEEL IMPORTS. AND STEEL COMPANIES WERE SOLD DOWN DUE TO UNFAVOURABLE NEWS. BUT BY ROOTING OUT ILLEGAL STEEL DUMPING STOCKS LIKE MASTEEL, ANJOO AND SSTEEL LATER PERFORM SPECTACULARLY TO THE SURPRISE OF ALL.

THIS SAME SCENARIO WILL REPEAT FOR LUMBER AND PLYWOOD STOCKS AS ILLEGAL COMPETITION WILL BE WIPED OFF.

2. THE RECENT FLOOD IN HOUSTON AND THE DROUGHT IN CANADA HAVE PUSHED UP THE PRICES OF LUMBER AND PLYWOOD IN WORLD MARKETS DUE TO SHORTAGE.

3. TOKYO BUILDING STADIUM FOR OLYMPIC 2020 WILL NEED LOTS OF PLYWOOD FROM MALAYSIA

4. RIGHT NOW EVEN RECYCLE OLD NEWSPAPERS AND CARDBOARDS ARE WORTH 80 SEN A KG! SO PLYWOOD WILL EARN LOTS MONIES FOR JTIASA, WTK AND TAANN. SEE HOW TAANN INSIDERS ARE BUYING THEIR OWN SHARES?

5. SO BETTER DON'T MISS THE COMING BULL RUN IN JTIASA, WTK, CBIP, DUTALAND AND OTHER PLANTATION SHARES!!

leechen88

292 posts

Posted by leechen88 > 2017-10-30 05:48 | Report Abuse

Jtiasa timber divisions still profitable for past two q results:the results show in its financial statements under notes. The recent impairment due to write off of goodwill. I think is one time write off only bcoz its goodwill figure shows little value after the write off. Its strong ffb,Cpo n pk output I like it.....

635789

133 posts

Posted by 635789 > 2017-10-30 08:42 | Report Abuse

The sarawak government has imposed very high tax on extracted log and imposed quota on extraction of timber log have certainly impact on all timber companies.

fatty_tang

296 posts

Posted by fatty_tang > 2017-10-30 22:28 | Report Abuse

I can only tell you that all the negative points you mentioned appear to have been priced in.

fatty_tang

296 posts

Posted by fatty_tang > 2017-10-30 22:30 | Report Abuse

Yes the result this year is worse than last year's but you didn't compare the share prices which is essential when drawing your conclusion.

tonywong8

466 posts

Posted by tonywong8 > 2017-10-30 22:32 | Report Abuse

Jtiasa will become a plantation stock with turnover of palm oil will exceed 60% of the revenue in 2018. A set back in timber industry at Sarawak is expected and last 2 quarters were still shown profitable. If not because of timber industry at Sarawak, the share price of Jtiasa will not go down to Rm 1.00

nickychang

125 posts

Posted by nickychang > 2017-10-31 19:23 | Report Abuse

simple calculation, 200k acres++, market cap 1133m. average below rm5k/ acre, planted 7-8years. fat fat tree, free you oil factory, free your plywood business. give u big forest to cut. u sendiri plant and see. rm5k/acre. 5k/acre plan cow grass also cannot la. 7-8years ask u pay for NPK and workmanship also need 10k/acres la. sell underwear all in.

nakata

306 posts

Posted by nakata > 2017-10-31 23:22 | Report Abuse

Good article !

weng

189 posts

Posted by weng > 2017-12-13 07:23 | Report Abuse

One thing I would like to point out is that out of the 66m impairment, 62m is the impairment of goodwill, which is a full impairment. There is no more goodwill after this impairment.
So, I think it is unlikely to have such a high impairment in near future.

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