Posted by calvintaneng > 2023-09-26 22:14 | Report Abuse

JAYA TIASA Used to Have Rm1.4 Billions borrowings
Now debt pared down to only Rm93 Millions

Jtiasa will soon follow Inno to be a debt free high dividend paying palm oil stock hopefully

Close behind is Tsh Resources with Rm1.46 Billions debt
Now a mere Rm77 mil debt only

Posted by stockraider > 2023-09-27 10:54 | Report Abuse

I think jtiasa can outperform agst nestle & dlady over the next 2 yrs loh!

Posted by calvintaneng > 2023-09-27 13:04 | Report Abuse

Absolutely correct

Nestle has geographical constrain as its products are limited to Malaysian market and export not allowed

This is what Robert Kuok experienced when he said a big fish in a small pond

For dlady even worst as it is also not allowed to expand by export it is facing more competition all the time

Since Jtiasa is into palm oil it has a big world market out there

Posted by calvintaneng > 2023-09-27 22:32 | Report Abuse

All the strong fundamentals are converging at Jtiasa to go Kaboom!

Posted by darecom > 2023-09-29 11:14 | Report Abuse

Good day to you, Calvin,

"JAYA TIASA Used to Have Rm1.4 Billions borrowings Now debt pared down to only Rm93 Millions"

As of my record, Jtiasa highest borrowing in the past 10 years was in the year 2017 (1.07Bil), and in the latest Q4 quarterly report, the borrowing is at RM348 mil (short-term + long-term borrowings).

May I know where the RM93 mil debts are derived from? Or we are not referring to the same thing?

Thanks in advance!

Posted by calvintaneng > 2023-09-29 11:46 | Report Abuse

Darecom

Happy to see your posting and asking intelligent questions

Will be happy in replying soonest😊

Posted by calvintaneng > 2023-09-29 12:11 | Report Abuse

Ok darecom at the moment I not at a computer and using handphone to check and post answers to the best I can for now

Refer to Feb 2017 qtr balance sheet of Jtiasa

it has
current loans Rm475 mil
Payables Rm158 mil
non current loan Rm679 mil
Tax liabilities Rm132 mil
total = Rm1.44 Billions

Posted by calvintaneng > 2023-09-29 12:22 | Report Abuse

for current qtr of Aug 2023

Rm56.767 mil current loan
Rm292 167 non current loan
= Rm348.934

less cash Rm232.384
other current assets Rm13.070 mil
investment securities Rm9.730
total RmRm255.184Rm93.75 mil

hope you can understand

loans less cash

=

total debt is

Posted by calvintaneng > 2023-09-29 12:24 | Report Abuse

Net debt is Rm93.75 mil

Posted by calvintaneng > 2023-09-29 12:44 | Report Abuse

On Feb 17 2017 Jtiasa with highest debt was Rm1.38

Now Jtiasa total debt only Rm93.75 mil and price only 88 sen is so cheap

Posted by darecom > 2023-09-29 13:06 | Report Abuse

Hi Calvin,

Thanks so much for your swift response!! Got it. The RM93.75 mil that you posted is essentially the loans less cash and cash equivalent alike. Crystal clear.

Besides, I have a little concern about Jtiasa weighted average palm age (95% of the trees) which is about 14 ~ 15 years+-, I understand that this is the best time for the company to harvest more FFB while the CPO price is so much higher compared to the year of 2013, 2015, 2016, 2019 & 2020. But at the same time, replanting will be something to be considered in the near future (in next 5 - 6 yrs perhaps, when the CPO price is low) IF the company wanna keep the business rolling for the longest time, that's what United Plantation is doing. What would be the costs to gradually replant such a huge piece of land (cost/ acres)?, what would be the damage to the FCF hence the dividend to be paid to us in the future..

Thanks

Posted by calvintaneng > 2023-09-29 13:55 | Report Abuse

next 5 or 6 years i expect Biofuel in Indonesia will soak up more Cpo and Malaysia also might implement a biofuel policy as well

by then if Crude oil remain above Usd70 - Usd80 a barrel more Cpo will be converted to biodisel or biofuel and as such Cpo prices will remain above Rm3500 a ton

All these are projections but humans will still need Palm oil no matter what as it is the most economical vege oil around

Posted by darecom > 2023-09-29 14:22 | Report Abuse

Agree and understand these are all projections, no worries.

Talking about turning more CPO into Biofuel.. The Indonesian government has set an ambitious goal to raise the market share of electric vehicles in Indonesia to 25% of total vehicle sales in 2030. That's a lot of effort putting in place to reduce the import of fossil fuels into the country

Posted by Patient Investor > 2023-10-03 16:51 | Report Abuse

@calvintaneng I did some comparison among JAYATIASA, TSH and UTDPLANT.

the FFB yield per matured planted areas(MT/HA) is much higher in TSH and UTDPLANT
JAYATIASA ~ 16 (prepandemic)
TSH ~ 23.5
UTDPLANT ~ 26.5

do you know the reason behind? was wondering if due to species or planting density? All of their trees are in prime age if not mistaken .

thus would it be more accurate to compare them based on FFB produced instead of land?

Posted by calvintaneng > 2023-10-04 01:16 | Report Abuse

JTIASA trees are young

TSH trees got high quality yield by Research

Uplant has dedicated train track for harvesting FFB is Superior

Posted by calvintaneng > 2023-10-11 23:10 | Report Abuse

THE HIGHLY DEFENSIVE NATURE OF PALM OIL CO VERSUS OTHERS: Eg. NPC RESOURCES VERSUS KNM, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-10-11-story-h-217915830-THE_HIGHLY_DEFENSIVE_NATURE_OF_PALM_OIL_CO_VERSUS_OTHERS_Eg_NPC_RESOURC

Posted by lsyiat > 2023-10-24 08:56 | Report Abuse

Do you survey on bumitama agri, the company is in what stage now?

Posted by calvintaneng > 2024-01-21 00:00 | Report Abuse

Bumitama is at stage 4 to 5

Posted by calvintaneng > 2024-01-21 00:03 | Report Abuse

Fong Siling aka Cold Eye started with 2 million Jtiasa shares

Then he topped up to 5 million Jtiasa shares

Now he has 10 million Jtiasa shares

Posted by calvintaneng > 2 months ago | Report Abuse

This was posted in Bumitama (Spore) tread


kelvin_ik4u Plam oil is always like that, start plant require cash/fund/debts to build empire. Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs. This counter will be the next shine palm oil for this year.. it's CAGR 21% compounding for next 3 yrs, now Bumitama just sit and collect money as all it palm tree is 6-7yrs now with FFB nucleus oil >24%, 107% growth vs Q1'FY13. Strongly believe this counter will start give dividents moving forward. Since CPO price is up ard ~RM2700/tan metric, I believe will share price will skyrocket this yr. Target $2.00 before end of this year 2014.
19/05/2014 6:16 PM

https://sgx.i3investor.com/servlets/stk/p8z.jsp

What applies to Singapore Bumitama also apply to Jtiasa, Tsh, Thplant, Hs Plant and all other Palm oil Companies

JAYA TIASA Now On Auto - Pilot

Streams of Earnings translate to Future Streams of Dividends

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

WITH SUCH STRONG EARNINGS JTIASA AND ALL OTHER PALM OIL COMPANIES WILL BE OVER FLOWING WITH MASSIVE CASH INFLOW

THE OUTFLOW?

CASH DIVIDENDS LIKE DAMS DISCHARGE WATER!!!