Posted by ITreeinvestor > 2018-04-20 13:13 | Report Abuse

Low Production in FFB,CPO & Palm Kernel.
BAD QR expected in coming Quarter

Posted by Huat 888 > 2018-04-24 19:41 | Report Abuse

sell n run ..goin 0.7

Posted by Shadows > 2018-04-25 09:58 | Report Abuse

CPO keep dropping

Posted by Arnold76 > 2018-04-25 22:18 | Report Abuse

Seasonal low output, 0.80 is ready cheap. New plant is running, earning CPO improving. Wait for CPO price up this counter will be booster...

Posted by Hope88 > 2018-04-27 16:06 | Report Abuse

80cts is very cheap

Posted by Hope88 > 2018-05-02 13:19 | Report Abuse

look cheap drop again today

Posted by ITreeinvestor > 2018-05-03 13:14 | Report Abuse

getting cheaper everyday

Posted by Huat 888 > 2018-05-03 16:40 | Report Abuse

sleeping counter..better sell ASAP

Posted by dentab > 2018-05-15 14:52 | Report Abuse

The Company is pleased to announce that crop and logs production of the Group for the month of April 2018 are as follows:-

1) Fresh Fruit Bunches - 82,038 metric tonnes

2) Crude Palm Oil - 13,769 metric tonnes

3) Palm Kernel - 2,385 metric tonnes

4) Logs - 28,270 cubic metres

This announcement is dated 15 May 2018. Bursa Malaysia

Posted by Shadows > 2018-05-16 10:30 | Report Abuse

It is improving comparing to year 2017. Except for CPO. Hopefully can do it better next qtr.

Posted by ITreeinvestor > 2018-05-17 11:40 | Report Abuse

look at other palm oil company, all losing money.
My advise, run now before quarter report release.

Posted by titus > 2018-05-17 17:21 | Report Abuse

my opinion is, it already bottom. If drop also will be range bound of 5%.....

Posted by eyeonyou > 2018-05-18 15:03 | Report Abuse

Price will go to rm1 soon.

Posted by Huat 888 > 2018-05-18 17:57 | Report Abuse

coming soon 0.5

Posted by Shadows > 2018-05-21 13:57 | Report Abuse

Already bottom lo

Posted by ITreeinvestor > 2018-05-23 16:52 | Report Abuse

told you guys run fast

Posted by wilsonchan87 > 2018-05-23 17:10 | Report Abuse

TP 0.4-0.5

Posted by zero > 2018-05-23 17:10 | Report Abuse

Boom

Posted by nich0las > 2018-05-23 17:17 | Report Abuse

Habis, lari pun tak boleh. Kaki sudah sangkut.

Posted by Huat 888 > 2018-05-23 17:20 | Report Abuse

that it.
0.5

Posted by davidkkw79 > 2018-05-23 19:25 | Report Abuse

Holland Master Holland STOCK!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5798789

Posted by uptrending > 2018-05-23 20:13 | Report Abuse

This is the worst quarter...

Coming quarters should be profitable, I believe Election lah.... Costs shot up for some reasons, perhaps.

The company has 70,000 hectare oil palm plantation with most of it at the prime mature years, now average 8-9 years... Yields would be picking up for the next 10 prime years ahead.. (the formula 7+10+7...for oil palm..)

Comparing Jtiasa with IJM PLANTATION which is a pure oil palm business with about
60, 000+ hectares (about 25,000 hectare in Sabah and another 35,000 hectare in Kalimantan) ...it has 6 palm oil mills with total processing capacity of 350mt of FFB per hour...

IJM plantation total number of shares about 880,000, 000 and share price 2.30, market cap of RM2. 02billion. It has net borrowings of RM523 million.

Jtiasa, 977, 000, 000 shares now @0.765,
Total oil palm plantation 70,000 hectare and 4 palm oil Mills total annual processing capacity of 1.7+ million metric tons of FFB

Market Cap now for Jtiasa is about rm750M and net debt (borrowings minus cash) of rm953 millions..

Market Cap + net debt =RM 1.703B

Assume all other assets are free to the shareholders, the cost per hectare of the oil palm plantation is rm1703 million/70,000
i. e. RM24, 330 per hectare or RM 9, 846 per acre..

It is cheap... isn't it?

The current price has fallen to that in August 2009, and Jtiasa has no oil palm plantation then as it just started planting... hehe

How low can it go?

Posted by uptrending > 2018-05-23 21:40 | Report Abuse

CONDENSED STATEMENTS OF FINANCIAL POSITION
Note UNAUDITED AUDITED
AS AT AS AT
31/03/2018 30/06/2017
RM'000 RM'000
ASSETS
Non-current Assets
Property, plant and equipment 1,111,919 1,171,915
Biological assets 1,668,014 1,639,812
Land use rights 36 40
Other intangible assets 783 610
Investment securities 49,100 68,700
Deferred tax assets 30,259 22,492
2,860,111 2,903,569
Current Assets
Inventories 1 107,131 139,649
Trade and other receivables 2 41,364 59,584
Other current assets 10,004 14,663
Income tax receivable 22,864 -
Derivative assets - 252
Cash and bank balances 122,355 65,234
303,718 279,382
TOTAL ASSETS 3,163,829 3,182,951
EQUITY AND LIABILITIES
Current Liabilities
Interest bearing loans and borrowings 4 435,412 487,479
Trade and other payables 3 119,124 136,195
Income tax payable 11,649 4,968
Derivative liabilities - 304
566,185 628,946
EQUITY AND LIABILITIES
Non-current Liabilities
Interest bearing loans and borrowings 5 640,196 589,358
Deferred tax liabilities 156,618 146,534
796,814 735,892
Total Liabilities 1,362,999 1,364,838
Net assets 1,800,830 1,818,113
Equity Attributable to owners of the parent
Share capital 977,402 977,402
Treasury shares (13,687) (13,687)
Reserves 824,553 843,088
1,788,268 1,806,803
Non-controlling interests 12,562 11,310
Total Equity 1,800,830 1,818,113
TOTAL EQUITY AND LIABILITIES 3,163,829 3,182,951
Net assets per share attributable to equity holders (RM) 1.85 1.87
Number of ordinary shares net of treasury shares 967,991 967,991

Posted by uptrending > 2018-05-23 21:42 | Report Abuse

No worry

But on weakness for the medium term..

Posted by alexsee > 2018-05-23 21:43 | Report Abuse

Going to cut loss even loss 50% if tomorrow open price at 0.6, lucky thing is didn't hold too much of this company share but still bleeding.. this stock game over !! very very little dividend.. will dump crazy tomorrow by shareholders... didn't see any good news so far.. only bad news.. so it is very hard to rebound back to RM 1 ..

Posted by uptrending > 2018-05-23 21:56 | Report Abuse

http://www.mpoc.org.my/Daily_Palm_Oil_Prices.aspx

Ringgit weakened against USD

PALM OIL PRICE IS RECOVERING AND UPTREND NOW..

Posted by uptrending > 2018-05-23 22:03 | Report Abuse

Going forward, still hopeful

The yield will be good due to
1) seasonality, 2nd half calender year more crops
2) More trees reaching prime

The palm oil price recovering amidst weakened ringgit.

Good luck..

Posted by alexsee > 2018-05-23 22:05 | Report Abuse

i really didn't see any hope for this counter so far... didn't expect this quarter is making huge loss even palm oil price is increased.. price should be downtrend again until find it support maybe RM 0.3 - RM0.4 ?.. unless big shark goreng it.. like other making loss company.. also can goreng up to sky.. but i didn't see shark is interested with this company..

Posted by 13Research > 2018-05-23 22:06 | Report Abuse

When it comes to investing, confirmation bias can cause us to act without considering all available information. For example, if you own a mutual fund that is concentrated in technology stocks, you are likely to give an unfair weighting to good news you read about the outlook for technology while ignoring any negative things you read.

As i said since last year, investors should put attention on Jtiasa's loss making timber segment and not just excited with growing palm oil segment. Since the cpo price dropped below RM2500, Jtiasa is no more an attractive investment choice and the result says it all. Again, do research before investing. Good luck.

13Research I'm not surprising if the share price go down further. Further impairment may needed in coming Q4. Do your own research before investing.
https://klse.i3investor.com/blogs/13Research/136559.jsp
https://klse.i3investor.com/blogs/13Research/139849.jsp
11/03/2018 13:00

Posted by newbie911 > 2018-05-23 22:11 | Report Abuse

Why not buy wtk?

Posted by uptrending > 2018-05-23 22:43 | Report Abuse

...........…......... as of 31st March 2018
.......................... oil palm.... Timber.... other..........
total
Segment assets 2,591,933 501,129 70,767 - 3,163,829
Segment liabilities 1,000,394 361,059 1,546 - 1,362,999

Oil Palm has become the MAIN BUSINESS of JAYA TIASA..

YIELD will be better and better
Palm oil price is recovering as ringgit weakens..
The cost per acre is cheap..

The share price now @ Aug 2009 is really absurd and if dropd further it will match that during the 2008-2009 Financial Crisis despite the company already built a 70,000 hectare Oil Palm Plantation most of which in the prime of average 8-9 years...

Posted by lizi > 2018-05-23 22:53 | Report Abuse

this round no impairment also can slip into red...break record liao....4 years in a row, sure got one quaarter making loss one....

Posted by uptrending > 2018-05-23 23:09 | Report Abuse

This Quarter is a surprise, really! Oil Palm business also lost money! Costs are so high! What are the costs actually? No details available.

Posted by uptrending > 2018-05-23 23:09 | Report Abuse

Because of Election? Haha!

Posted by alexsee > 2018-05-23 23:11 | Report Abuse

Jtiasa is in in the list of intraday short selling.. traders might take this bad results to short sell this company.. and buy back at the end of day.. down limit is 15%

Posted by tonypang > 2018-05-23 23:24 | Report Abuse

can know why the cash increase from 65M to 122m? good ?

Posted by uptrending > 2018-05-23 23:31 | Report Abuse

I will buy when it drop more than 10% tomorrow to hold for the medium term.

Alexsee,
Thank you for your info..

Posted by alexsee > 2018-05-23 23:39 | Report Abuse

on 14 May the price up to 0.87 after PH won, thought will rebound back to 1.00.. so i wait and see.. it drop back to 0.78 and finally today broke lowest price to 0.765.. this time let the chart make story.. high probability downtrend chart again.. till find it bottom to support..

Posted by uptrending > 2018-05-24 00:13 | Report Abuse

Tony,

The cash flow for the 9 months is healthy and positive..
Accumulative 9 months, the company still made 7 million after tax. Accumulated depreciation is much more than capital expenditure by about 40+ millions and some rm10+million proceed from sales of plant and equipment... reduction of working capital and some 20+ millions from financing... resulted in net increase in cash

Posted by uptrending > 2018-05-24 00:17 | Report Abuse

for an amount of rm98.9 million as compared to last financial year ended 30th June 2017..

Posted by uptrending > 2018-05-24 00:28 | Report Abuse

The company may not require big capex going forward as it has already built 4 palm oil mills with combined capacity of 1.7mil MT FFB per annum... The future cash flow is expected to be good.

Posted by uptrending > 2018-05-24 03:47 | Report Abuse

JAYA TIASA HOLDINGS BHD ( 3751-V )
THIRD QUARTERLY REPORT FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2018
Explanatory notes pursuant to MFRS 134 and Appendix 9B of the Listing Requirements
12
19 Group’s Prospects
We are cautiously optimistic on the recovery of CPO prices in view of the expected increase in
demand of CPO during the festive season despite concern of growing CPO stockpile with the
reinstatement of the 5% export tax.
We foresee higher FFB and CPO production from more maturing palm age profile during the high crop season in the coming quarter.

COMING QUARTER LOOKS GOOD!

Posted by davidkkw79 > 2018-05-24 07:14 | Report Abuse

Wait it down to 50 sen

Posted by tonypang > 2018-05-24 07:24 | Report Abuse

Uptrending, meaning cash is building up is good for medium and long term building up

Posted by uptrending > 2018-05-24 07:27 | Report Abuse

I also hope to buy cheap but I don't think so...

Posted by tonypang > 2018-05-24 07:39 | Report Abuse

Uptrending , when u mention medium term is how many years? also sabah banned on log export will good for Sarawak log business ?

Posted by uptrending > 2018-05-24 08:25 | Report Abuse

Tony,

Medium term 6 to 12 months. I believe next quarter results should make profits already and then the price should reverse. It will probably make a bottom today, unless there is crash in the world market later. But then plantation stocks offer good earning visibility and solid assets.

The production figures in the last quarter, Jan - March, were bad as it was low season and heavy rain affected harvest of the crops and logging activities.

From AR 2016, Jayatiasa holds 1.7 million acres of forest concessions. Total land area under reforestation is 235, 858 hectare of which estimated plantable area is 140,377 hectare. At that time of reporting, 32,678 hectare planted for the reforestation. Maturity takes 12-15 years. Not sure how many years to go to majurity from now.

From AR 2017, Jayatiasa Concession log extraction quota for 2017/2018 Coupe year is 630,400 cubic meter. It is still quite significant. Last month April, log production was 28,400 cubic meter and FFB 82,038 as compare to 78,973Metric ton as compare to April 2017. Last quarter log prouduction was only 50,353 cubic meter and FFB 201,657 metric ton.

I can see a lot of upside potential.

Posted by uptrending > 2018-05-24 08:33 | Report Abuse

Tony,

yes cash is building up because the palm oil mills are relatively new and depreciation of the plant and equipment is quite significant. For the ytd 9 months the depreciation charge is already
rm 88 millions. Going forward if there is no much capex requirement, cash flow would be good and better even if profit is not so good.

Capex for reforestation is about rm 20+ million per annum, quite minimal and reasonable.

Posted by tonypang > 2018-05-24 09:09 | Report Abuse

thanks Uptrending for yr valuable depth analysis. it seems like good to invest this counter

Posted by Hope88 > 2018-05-24 09:15 | Report Abuse

this quarter profit drop