Posted by Up_down > 2023-03-16 12:10 | Report Abuse

Don't expect fast money from Jtiasa like what had happened last year, a sudden super bullish CPO price rally turbo charging to boost the price. Therfore, It could take 6 months to 12 months to see results of rerating.

Posted by speakup > 2023-03-16 12:44 | Report Abuse

What's the hurry?

Posted by calvintaneng > 2023-03-16 22:14 | Report Abuse

We will not join syndicates as we know for sure already

90% of retail players will eventually lose money

as contrarian and value investors we will go where stocks are selling at value and unloved and overlooked by the market

Best time to buy is when others are selling in fear

Certainly we already know Jtiasa even with Cpo at current level above Rm3900 still doing very well

even in year 2019 when Cpo was Rm2200 Jtiasa is able to pare down lots of borrowings and now balance sheet is extremely healthy

Posted by speakup > 2023-03-16 22:29 | Report Abuse

already join Calvin in jtiasa

Posted by Up_down > 2023-03-17 12:35 | Report Abuse

Some upstream plantation companies are traded much higher planted/ hectare.

ChinTek - MYR 47k
HSPlant - MYR 42k
Inno - MYR 57k
NSOP - MYR 35k
PLS - MYR 41k
TSH - MYR 35k
Umcca - MYR 42k
GenP - MYR 34k

Posted by OTB > 2023-03-17 12:46 |

Post removed.Why?

Posted by Up_down > 2023-03-17 12:51 | Report Abuse

Sarawak upstream plantation players are not able to fetch higher planted/hectare as most of the palm oil trees are planted in peat soils land. However, few companies (BldPlnt, BPlant, Cepat & MHC ) traded between MYR 23k to 28k/planted hectare mainly attributed to high portion of the old trees in the plantation portfolio.

Posted by calvintaneng > 2023-03-18 11:22 | Report Abuse

Good morning

speakup and pang72 have come to this great Jtiasa (Giant treasure)

welcome welcome !

Do stay here longer to see Jtiasa rebound back up to its glory days

And pang72, please stop provoking Sifu OTB

Let everyone invest in peace and live in harmony

Posted by Wealthy99 > 2023-03-18 12:12 | Report Abuse

Perhaps we should inculcate not to have personal attack unless the one happy to be attacked one day.
No need to compare wealth or best of the best. At the end of day, we cannot bring anything when buried.
Be kind to others. Don't say or type anything if wanted to have personal attack. Collect good karma. No matter how wealth the one, or how clever, still will go through sickness, and die eventually.
Good karma let one to have less painful when sick, less torture before die.
If you believe in karma, then you know what to do.
If you do not believe in karma, you may continue what you love to do.

Posted by Wealthy99 > 2023-03-18 12:12 | Report Abuse

Perhaps we should inculcate not to have personal attack unless the one happy to be attacked one day.
No need to compare wealth or best of the best. At the end of day, we cannot bring anything when buried.
Be kind to others. Don't say or type anything if wanted to have personal attack. Collect good karma. No matter how wealth the one, or how clever, still will go through sickness, and die eventually.
Good karma let one to have less painful when sick, less torture before die.
If you believe in karma, then you know what to do.
If you do not believe in karma, you may continue what you love to do.

Posted by Up_down > 2023-03-18 12:21 | Report Abuse

Some bigger size reputable plantation companies cannot help of seeing their share prices from falling. GenP is a good example as 30% of its mature trees more than 21 years old as at year 2021. SOP is another one has entered old trees cycle since 3 years ago. More will be seen in the next 3 years. Many companies are unable to do replanting for past 6 years due to the sliding of CPO prices (2017 - 2019). 3 years Covid period had caused shortage of labour to do harvesting an replanting exercise was entirely out of question.

Posted by Up_down > 2023-03-18 12:52 | Report Abuse

Therefore, Malaysian Palm Oil Association (MPOA) has recently called for mass replanting in Sabah.

Posted by OTB > 2023-03-18 13:48 |

Post removed.Why?

Posted by OTB > 2023-03-18 13:51 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-18 15:45 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-18 15:46 |

Post removed.Why?

Posted by Zhuge_Liang > 2023-03-18 15:47 |

Post removed.Why?

Posted by Up_down > 2023-03-19 11:54 | Report Abuse

Plantation giants are too facing the similar problem of high proportion past prime trees in their portfolio due to delay in replanting programs ie FGV, KLK, IOICorp & SimePlnt. Old trees have exceeded 30% of their mature areas. Some even opt to drop disclosing age profile of the trees in the AR last year.

Posted by speakup > 2023-03-19 12:30 | Report Abuse

Jtiasa trees are mostly at prime

Posted by Up_down > 2023-03-19 15:41 | Report Abuse

Few overseas oil palm upstream big players are encountering high rate of old trees. It may cause supply disruption in the next 3 years as the trees getting older at the faster pace and immature areas unable to catch up the shortfall.

As at Dec 2022
Golden Agri - Mature Area 497,353 hectare ( old trees 179,047 or 36% of mature trees ) Immature area 39,788 hec
First Resource - Mature Area 195,575 hectare ( old trees 52,205 or 27% of mature trees) Immature area 15,834 hec
Wilmar - Mature Area 213,729 hectare ( old trees 37.738 or 18% of mature trees) Immature area 17,968 hec

Posted by Up_down > 2023-03-19 16:01 | Report Abuse

As at Dec 2021 or 2022
FGV (Year 2021)- Mature Area 279,141 hectare ( old trees 97,531 or 35% of mature trees ) Immature area 56,660 hec
IOICorp (Year 2022) - Mature Area 143,787 hectare ( old trees 54,310 or 28% of mature trees) Immature area 31,505 hec
KLK (Year 2022) - Mature Area 253,870 hectare ( old trees 72,782 or 29% of mature trees) Immature area 35,780
SimePlnt (Year 2020) - Mature Area 490,005 hectare ( old trees 156,802 or 32% of mature trees) Immature area 93,334 hec

Posted by calvintaneng > 2023-03-19 21:58 | Report Abuse

Jtiasa trees are now at the best fruitful years

Wilmar Singapore only 18% old trees are great one

Posted by TCH1186 > 2023-03-20 05:36 | Report Abuse

looking good..... wait for me okkk

Posted by speakup > 2023-03-20 07:42 | Report Abuse

good price now

Posted by VincentTang > 2023-03-20 14:16 | Report Abuse

Palm oil price drop to 3860 now.

Posted by VincentTang > 2023-03-20 16:16 | Report Abuse

Palm oil price drop to 3807 now.

Posted by speakup > 2023-03-21 12:47 | Report Abuse

Speakup collect half of target amount already. If drop more, will double up

Posted by Up_down > 2023-03-21 19:00 | Report Abuse

QE has resumed following short life QT of 10 months. Fed implemented QT from May 2022 until Feb 2023 and US 630 billion had been withdrawn from the market. In mere 1 week, an indirect QE US 308 billion was pumped into the market. "the Fed sharply increased its lending to banks—to the tune of $308 billion, up by $303 billion from the prior week. Only $12 billion of that was through the emergency Bank Term Funding Program (BTFP), while $153 billion was through the traditional discount window and $143 billion was tied to Silicon Valley Bank and Signature. "

Posted by calvintaneng > 2023-03-21 22:25 | Report Abuse

https://tradingeconomics.com/commodity/palm-oil


Jtiasa did very well even in year 2019 when Cpo was Rm2200

It managed to pare down lots of debts

Now Cpo at above Rm3500 to Rm4500 all remaining debts will evaporate & then Jtiasa will be debt free and cash rich

https://tradingeconomics.com/commodity/palm-oil

Click on chart all button to see Fulll History of CPO

Posted by calvintaneng > 2023-03-21 22:25 | Report Abuse

Jtiasa did very well even in year 2019 when Cpo was Rm2200

It managed to pare down lots of debts

Now Cpo at above Rm3500 to Rm4500 all remaining debts will evaporate & then Jtiasa will be debt free and cash rich

https://tradingeconomics.com/commodity/palm-oil

Click on chart all button to see Full History of CPO

Posted by speakup > 2023-03-22 07:54 | Report Abuse

Investing in Jtiasa now, is like planting a Palm Oil tree...... just wait until it matures and it fruits...... then u harvest $$$
Plants dont grow overnight, so need sabar

Posted by Up_down > 2023-03-22 09:56 | Report Abuse

Malaysia planted area was at the peak of 5.9 million hectare in year 2019. The planted area is getting smaller year by year and dropped until 5.67 in year 2022 or the planted area has contracted by 3.8%. It could be due to replanting exercise is being carried out at slow pace.

Posted by Up_down > 2023-03-22 10:09 | Report Abuse

Average age profile of Malaysia palm old trees is deteriorating as more than 2 million hectare of the trees over 22 years old. Replanting costs is between MYR 20k to MYR 30k per hectare.

Posted by VincentTang > 2023-03-22 13:06 | Report Abuse

Palm oil price big drop 3.7% to 3644 now.

Posted by Up_down > 2023-03-22 19:02 | Report Abuse

Risks is inevitable in investing and therefore, what we can do is to minimize it through more understand the company itself, comparison within its peers, the development of the industry and the macro environment especially QE/QT and how Fed lead the direction of Interest rates. It doesn't mean i would ignore entirely CPO prices and the story might be different when CPO prices were hovering between 5k to 6k.

Posted by Income > 2023-03-22 19:21 | Report Abuse

Jaya Tiada?

Posted by Up_down > 2023-03-22 20:30 | Report Abuse

Jaya Tiada and Jtiasa works in cyclical. It depends when we catch it up to wait it turn from Tiada to Tiasa or vice versa. Lol

Posted by Up_down > 2023-03-22 20:32 | Report Abuse

When the CPO price is very high then the company would turn into Jaya Tiada and vice versa.

Posted by Up_down > 2023-03-23 10:26 | Report Abuse

Fed rate hike is peaking and max would be adding another 0.25% in the next meeting. No matter how, pausing rate hike and starts cutting interest rate are the only way out to safe the economy. QE will be the only possible way to save banks.

Posted by speakup > 2023-03-23 13:12 | Report Abuse

First interim dividend 1.5¢
Final dividend probably another 1.5¢ (minimum). This in Nov

Posted by Income > 2023-03-23 14:11 | Report Abuse

Still Jaya Tiada?

Posted by VincentTang > 2023-03-23 18:28 | Report Abuse

Palm oil price drop non stop. Better sell/avoid Jtiasa.

Posted by speakup > 2023-03-23 20:39 | Report Abuse

Today u plant a tree from seed, u expect it to fruit tomorrow meh? Of course not! Likewise your investment in Jtiasa will require some time to fruit and harvest

Posted by speakup > 2023-03-23 21:29 | Report Abuse

@pang72, speakup wont curse ppl, unlike some ppl we know
everybody entitled to their own opinion. u dont like Jtiasa, nevermind is ok with me

Posted by calvintaneng > 2023-03-23 23:05 | Report Abuse

Some thoughts about Jtiasa

1. Jtiasa was able to pare down Rm150 millions debt per year for last 5 years even when Cpo was Rm2200

at that time when Cpo was Rm2200 the cost of cpo production only Rm1400

so there was a Rm800 gross profit margin

and Jtiasa used those cash to quietly paid off bank loans

Posted by calvintaneng > 2023-03-23 23:07 | Report Abuse

Now Cpo still above Rm3500 and Jtiasa cost of cpo production gone up to Rm2000

but the gross profit is now higher at Rm1500

so look at the overall earnings at the bottom line

Posted by calvintaneng > 2023-03-23 23:10 | Report Abuse

Many palm oil co like hs plant, Sop, Taann and Tsh have turned into net cash co

as such there will no longer need

1. to service bank loans
2. also save on high bank interest payment

3. those with net cash will even benefit from high dividend on their cash pile

and Jtiasa will soon join them

a co with lots of FCF (free cash flow ) will now turn sanguine and generous

so Jtiasa paid 2.8 sen previous qtr and 1.5 sen this qtr as duvidends

Posted by calvintaneng > 2023-03-23 23:14 | Report Abuse

Outside now full of dangers

Pang72 greenpacket crashed by 90% from Rm1.60 to less than 6 sen and Pang72 got his hand burned

Speakup took warning and escaped from Mmag at Rm1.60

Mmag crashed by more than 96% to only 2.5 sen and Speakup hopefully escaped

Then Revenue, Dnex and Cfm (computer form) suddenly crashed without warning

so stay very safe in Jtiasa and palm oil

Posted by VincentTang > 2023-03-24 09:17 | Report Abuse

Cpo drop to rm3531 now.

Posted by Up_down > 2023-03-24 10:45 | Report Abuse

Squeezing game again. See how low it can go. I would make it slightly more... Be aware of margin.