Posted by calvintaneng > 1 month ago | Report Abuse

Very happy evening all

We have selected RSawit to replace Bplant in Top 10 Palm oil Picks

RSAWIT (5113) A Palm Oil Turnaround Due to High Cpo over Rm4,100 MT Plus Very Very Undervalue Assets that are Easy to Liquidate for High Profits, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-13-story-h-186459631-RSAWIT_5113_A_Palm_Oil_Turnaround_Due_to_High_Cpo_over_Rm4_100_MT_Plus_


RSAWIT IS FIRST ASSET PLAY

THEN ONLY EARNINGS

IT IS LIKE BLANT AN ASSET PLAY

Posted by xiaoeh > 1 month ago | Report Abuse

Much appreciate for your unconditional sharing Calvin🙏🙏🙏

Posted by calvintaneng > 1 month ago | Report Abuse

xiaoeh

Much appreciate for your unconditional sharing Calvin🙏🙏🙏

17 minutes ago

You are welcome

May all prosper in the Palm Oil Bull

Posted by newbird33 > 1 month ago | Report Abuse

The planted area is only 42,478 hectares i.e. 105,000 acres out of which 42% are more than 20 years old. Its ffb yield is only 5.82 tonnes per hectare.

Posted by calvintaneng > 1 month ago | Report Abuse

yes we bought Rsawit not for its current earnings but for it's very
undervalue assets

Posted by calvintaneng > 1 month ago | Report Abuse

two different reasons for buying

Klk bought Ijm plant for it's earnings

Posted by calvintaneng > 1 month ago | Report Abuse

Ltat bought Bplant for its assets
CFO of Ltat said Bplant lands also 40% old trees and they needed Rm600 mil for replanting

but they took Bplant for its gold mine lands in Seberang Prai north and others

Posted by calvintaneng > 1 month ago | Report Abuse

last time

Pahang Royalty took Tmakmur private at Rm1.90 for its land to build Kota Sas township in Pahang

Posted by calvintaneng > 1 month ago | Report Abuse

And Jcorp took Kulim private at Rm4.10(was Rm2.50) to hive off lands in Pengerang to build Township

Posted by calvintaneng > 1 month ago | Report Abuse

Property developers also cannot get forest land to convert into housing as it is
strictly not allowed

Only way from property developers to get land for housing is to buy palm oil lands and then convert them to housing or industries or data center or solar farm

The word property and prosperity should alike

Posted by calvintaneng > 1 month ago | Report Abuse

prosperity and property sound alike

Posted by calvintaneng > 1 month ago | Report Abuse

see
property = pro(s)per(i)ty

Posted by calvintaneng > 1 month ago | Report Abuse

and 🌴🌴🌴 = property

Posted by calvintaneng > 1 month ago | Report Abuse

Two earning streams best

1. From operation due to high cpo price like now

2. From asset appreciation
Asset appreciates faster if there is a new highway being built or an entry of some Big Company/ Industry which can create thousands of good jobs

Posted by calvintaneng > 1 month ago | Report Abuse

Fcpo Rm4278

Rsawit upstream benefits the most

Posted by newbird33 > 1 month ago | Report Abuse

Rsawit upstream FFB only produce 5.8 tonnes per hectare. Even at current high CPO price,it will be loss making.

Posted by calvintaneng > 1 month ago | Report Abuse

Insiders/directors also know this currently

To repeat this shows shallow thinking

They are "unknowns' which are yet ahead

They bought ahead and it is quite safe to say when jtiasa was Rsawit is now

And Just as Jtiasa turned around Rsawit will also "turnaround" for better

Posted by calvintaneng > 1 month ago | Report Abuse

What jtiasa was then Rsawit is now

What Jtiasa changed into Rsawit will also follow

When there was doubt about jtiasa we bought at 63 sen

And when things are clear jtiasa no longer cheap anymore and people now pay Rm1.49 (we only paid 63 sen when things looked bleak)

So we say this

Buy Rsawit now when things not clear yet and ffb apparently low

But DO NOT LOOK AT THE NOW WITH REGARD TO RSAWIT LOW FFB YIELD

SEE BEYOND THE NOW INTO THE FUTURE

BETTER DAYS AWAIT RSAWIT

Posted by calvintaneng > 1 month ago | Report Abuse

Fcpo Rm4309!

Posted by calvintaneng > 1 month ago | Report Abuse

CPO so high price is just like Mau Sang Wang durian now so expensive!

https://www.youtube.com/watch?v=0_ySoCpqyGs

Posted by calvintaneng > 1 month ago | Report Abuse

RIMBUNAN SAWIT (5113) THE FOCUS IS ON: ITS DEEPLY UNDERVALUE PALM OIL ASSETS NOW IN HOT DEMAND, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-14-story-h-186428885-RIMBUNAN_SAWIT_5113_THE_FOCUS_IS_ON_ITS_DEEPLY_UNDERVALUE_PALM_OIL_ASSE

Posted by Mabel > 1 month ago | Report Abuse

Thanks for sharing Calvin

Meow

Posted by calvintaneng > 1 month ago | Report Abuse

Welcome Mabel

COMMON SENSE (THAT IS CURRENT FOR NOW!)

FCPO OVER RM4,300 MT

ALL PALM OIL CO LIKE THIS https://www.youtube.com/watch?v=kTOHJZY2VRE

Posted by EngineeringProfit > 1 month ago | Report Abuse

Calvin, u collected rsawit at 014 quietly and now at 0.24, u are calling bilises to buy from u!?????

Posted by calvintaneng > 1 month ago | Report Abuse

Do not tell lies
Calvin bought as high as 22 sen to 23 sen

Now waiting to sell at 50 sen or limit up
Whichever comes 🥇 first

Posted by calvintaneng > 1 month ago | Report Abuse

Signs of turnaround

Sign number one

Company sells assets to clear debt

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number two

Asset disposal revealed 88% gain from land sold

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number three

Three insiders/ directors bought rsawit shares after a long stretch

Shows new confidence

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number four

Their sister co jtiasa already turned around

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number 5
Very high cpo prices
Rsawit in pure upstream

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number 6
Abang Jo proactive push for Sarawak growth

Good for long term land asset appreciation for Sarawak

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number 7
Rsawit being non bumi entity has no restriction of selling palm oil lands

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number 8
Since no more conversion of forest land to palm oil allowed the limited land will go up by demand

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number 9
While forest land no longer allowed to be converted to palm oil or industries

Palm oil can be converted to housing, industries, data center and solar farm

Posted by calvintaneng > 1 month ago | Report Abuse

Sign number 10
Pan borneo highway will create value for rsawit lands for years to come

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

RSAWIT

2023 Income Statement
Rev 507.8 m
COGS 488.6 m
Gross Income 19.1 m
SGA Expenses (43.2 m)
EBIT (24.1 m)
NOI 56.0 m
Int Exp (14.4 m)
PBT 17.6 m


2023 Balance Sheet
Cash 3m
STDebt 188m
LTDebt 152m

CA 47m
CL 302m

Current Ratio 0.16
Quick Ratio 0.08
Cash Ratio 0.01

Inventory 22m
AR 14m
AP 67m

CA 47
FA 672
Other Assets 134
TA 853

CL 302m
LTL 152m
Deferred taxes 37m
TL 491m
TEq 362m
TL+TEq 853m

2023 Cash Flow Statement
Net income 17.6 m
D&A 68.8 m
Other Funds (67.4m)
FFO 19.96m
CWC 26.5m
NOCF 45.4m

Capex (41.7m)
FCF 3.7m

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Summary:

Quality of Business: 👎
Management: 👎
Valuation: (don't bother, look for another stock to analyse)👣

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

RSAWIT

2023 Income Statement
Rev 507.8 m
COGS 488.6 m
Gross Income 19.1 m
SGA Expenses (43.2 m)
EBIT (24.1 m)
NOI 56.0 m
Int Exp (14.4 m)
PBT 17.6 m

Its ongoing operation made losses in 2023. EBIT (24.1m). Look at its interest expense of (14.4m). It cannot even pay the interest from its business operations. Interest cover is negative.

It sold 2 pieces of estate giving a NOI of 56m. However, its business remains gruesome indeed.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

2023 Balance Sheet
Cash 3m
STDebt 188m
LTDebt 152m

CA 47m
CL 302m

Current Ratio 0.16
Quick Ratio 0.08
Cash Ratio 0.01

Inventory 22m
AR 14m
AP 67m

CA 47
FA 672
Other Assets 134
TA 853

CL 302m
LTL 152m
Deferred taxes 37m
TL 491m
TEq 362m
TL+TEq 853m


What do you think of this balance sheet?
It is horrible.
It is net debt positive. Huge total debts of 340m, and current debt is 188m.

CA 47m
CL 302m

Current Ratio 0.16
Quick Ratio 0.08
Cash Ratio 0.01

The current ratio implies this company is insolvent. Its continuing operation depends on the mercy of it creditors and lenders.

TL 491m
TEq 362m
TL+TEq 853m
TL/TEq = 1.36x
TL/TA = 57.6%

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

Its NAV per share is 18 sen
At 22.5 sen per share today, it is trading at a premium to its NAV!
Market can be irrational!

This stock is overvalued. It should be trading at a huge discount to its NAV.

Please do your own assessment and forward here your analysis and opinion.🤝✌

Posted by calvintaneng > 1 month ago | Report Abuse

iiiinvestbodoh missed the point

nav 18 sen is based on old asset price of 20 years ago

today if revalued should be over 40 sen to 50 sen

remember the final revised NTA for Bplant was Rm2.60 while takeover price only Rm1.55

Posted by calvintaneng > 1 month ago | Report Abuse

Investing has gone to do with the "future"

we will show Jtiasa Sept to Dec
2020 results and it will be exactly like Rsawit now

when we bought into Jtiasa then it only showed a 0.46 sen profit plus Jtiasa then had high debt of Rm700 millions

that was why Jtiasa traded at a low of only 63 sen

fast forward till today Jtiasa is debt free cash rich and p/e only 4 to 5

And what Jtiasa is now Rsawit will also be in just one to two years time

the Owner of Rsawit is the same owner of Jtiasa you all must know

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

f one analyse a company based on its facts and fundamentals, your investing will be safer.

RSawit experienced losses even in 2023. It has huge debts and huge interest payments. Its interest cover is negative. Its current (short term) debt is huge. It has only 3m in cash in its balance sheet.

I have not encountered a company with such a poor current ratio yet. It is basically insolvent. It is at the mercy of the creditors and the bankers that the company has not been placed in receivership.

It has to restructure its balance sheet. It will need to sell and monetise a lot of its assets to pay down its debts. It also has to do so quickly too. This is not a good situation to be in, especially if it is forced to fire-sell its assets.

I cannot see how its operations can turn positive soon or in the immediate period.

Posted by calvintaneng > 1 month ago | Report Abuse

From 11 years ago in 2013 iiinvestbodoh failed to see what is a Value turnaround stock

He failed to see Pm Corp got value when we said Pm Corp at 15 sen is cheap as it has 18 sen net cash plus NTA over 40 sen

3iii iinvestbodoh only gave a value of 14.4 sen to pm corp in investlah forum

Pm Corp later unlocked woodland asset and gave an 8 sen cash payout. Pm Corp went up 100% to cross 30 sen 3 times

Many Calvin Johor buddies made 5 to 6 figures from this pm corp

www.investlah.com gone bankrupted by 3iii telling people to avoid pm corp and they went to landmine stocks like patimas & sumatech which later bankrupted all
i3 forum admin team should ban this iiinvestbodoh

See

THE PROBLEM OF 3iii IS HE HAS TUNNEL VISION IN INVESTMENT (HE CANNOT SEE WHAT OTHERS SEE)

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2019-12-03-story242906-THE_PROBLEM_OF_3iii_IS_HE_HAS_TUNNEL_VISION_IN_INVESTMENT_HE_CANNOT_SEE_WHAT_OTHERS_SEE

Posted by calvintaneng > 1 month ago | Report Abuse

Facts & fundamental of a TURNAROUND is not based on the present

IT IS BASED ON "THE FUTURE"

When Jtiasa was 63 sen see Jtiasa

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3133588

Jtiasa only earned 0.46 sen then (Now Rsawit earned 1.81 sen)

Jtiasa has 700 Millions debt then

WHY WE SEE JTIASA GOT POTENTIAL WHEN IIINVESTBODOH "SEE" NOTHING & MISSED JTIASA AT 63 SEN???

Posted by calvintaneng > 1 month ago | Report Abuse

Now look carefully at Rsawit balance sheet

It reported a 1.81 sen profit

Its debts Rm151,181,000 & Rm187,924,000
= Rm339.1 Millions debt

Less

Cash Rm2,658,000
Other investment: Rm5,000,000

= Rm331.4 Millions

Rsawit just sold (in process of selling) 2 plots of lands for Rm165 millions

So debt less asset sale

= Rm166.4 Millions Net Debt

Now This is a very small net debt compared to Jtiasa in Feb 2021 at Rm700 Millions debt

Since Rsawit still got many plots of lands to be sold just by selling 2 more plots Rsawit will instantly turn into a debt free cash rich company

The Road to Debt free Cash rich status for Jtiasa was by Strong Operational earnings

For Rsawit it is through fast paced Asset disposal

And Huge High Value Asset Disposal will BE EVEN FASTER IN CLEARING ALL DEBT FOR RSAWIT more than Jtiasa

As such we SEE Directors /Insiders of RSawit buying ahead of good times soon coming back for Rsawit

See

MR TIONG CHIONG IE 01-Mar-2024 Acquired 500,000 0.200

MR TIONG CHIONG ONG 12-Aug-2021 Acquired 85,000 0.230

TIONG CHIONG ONG 22-Jun-2021 Acquired 50,000 0.235

=

Posted by calvintaneng > 1 month ago | Report Abuse

Read Rsawit balance sheet very very carefully

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3424403

Compile its debts less its cash

Then further deduct Rm165 millions by cash released from asset sale

See

https://www.nst.com.my/business/corporate/2023/12/993168/rimbunan-sawit-sells-agricultural-land-miri-rm165mil-cash

Less all cash available will see a small debt of only Rm166.4 Millions

https://www.nst.com.my/business/corporate/2023/12/993168/rimbunan-sawit-sells-agricultural-land-miri-rm165mil-cash

Plus Rsawit still got Assets worth Billion $$$ to sell

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-14-story-h-186428885-RIMBUNAN_SAWIT_5113_THE_FOCUS_IS_ON_ITS_DEEPLY_UNDERVALUE_PALM_OIL_ASSE

Posted by calvintaneng > 1 month ago | Report Abuse

ANOTHER STRONG PROOF OF PALM OIL LANDS ARE OF HIGH VALUE NOW

NPC RESOURCES SEELING PALM OIL LANDS IN LUBUK & SUGUT, SABAH
FOR RM22,000 PER ACRE

SEE

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=145504&name=EA_GA_ATTACHMENTS

RSAWIT COST OF LAND ONLY RM3,500 TO RM7,500 PER ACRE

IF SOLD RSAWIT WILL REAP HUGE WINDFALL

Posted by calvintaneng > 3 weeks ago | Report Abuse

When this was posted Rsawit was 22 sen

now is 26 sen

Jaya Tiasa is the Jumping Tiger 🐅

Rsawit is the Running Stallone
🐴 🐎

Run Rsawit Run!!!