"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 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..
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
JTiasa affected by Genine Chain Hong Kong Selling, probably cos affected by China s economy . Past qtr results affected by low production. Coming Qtr results in August should be better. The Call Warrant CT at 1 to 1, and Ex Price of RM 1.30, expiring on Jan 2024 can be considered as it is at a very low price. Most buyers bought at a price close to 30 cents. !!
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stockraider
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Posted by stockraider > 2023-09-27 10:54 | Report Abuse
I think jtiasa can outperform agst nestle & dlady over the next 2 yrs loh!