For JTiasa to be re-rated upwards, it has to record consistent profits and reasonable dividends. As it is, it does not attract institutional investors. Even EPF sold its small stake last year. JTiasa is only now making a start with better dividends. Still a long way to go.
Speculatively Taann results will follow their counterparts, YoY drops and QoQ slightly improved. If Taann can maintain 15sen dividend, share price may be supported. Speculatively agian share price may break 3.85 if palm oil price cross 4000, with USD and yield continue to strengthen, chances are there. All eyes are on Jackson Hole's Powell tonight. Basically Taann is just a dividend play..right?
I don’t like to see what happened in Subur Tiasa. After takeover was rejected, the company started to report losses. Subur Tiasa used to report fantastic profits.
This Jayatiasa also already paid rm55m out to related party and more may come.
Still, the value is quite good. I bought a bit today and people already started chasing it up. Aiseh.
Calvin is spamming, promoting palm oil stock, in a palm oil stock section of the forum. You don't like it, you can skip.
But when those jokers with a vendetta for god knows what against Calvin comes attacking with spite with those incoherent copy-and-paste rubbish, that is unacceptable and annoying.
Buying more for long term hold as JTiasa has turned the corner. All it needs is for management to address investor trust issues and look after minority interest for price to breach RM1.00. That means less related party transactions and more dividends paid out; 20% of profits won't cut it, can double that at least.
Jtiasa is underrated for valid reasons. The 3 listed vehicles in Rimbunan Hijau group, namely Jtiasa, Stiasa, Rsawit have not been good to investors in the last 10 plus years and are rife with significant related party transactions. Their performance raises a lot of suspicions of the Tiong family that own and manage the group. They have a lot to prove and even more to disprove as it is. Only time and positive action on their part will make investors warm up to them.
I don't see a merger happening. Too many cooks named Tiong boiling soup according to their personal recipes. Simpler that Jtiasa go it alone and win the cooking prize. All the conditions and ingredients are there for Jtiasa to do it.
Yeah, one more profitable year making 14-16 sen per share, increasing dividend to 5-7 sen per share, no nasty surprises eating up free cash flow and Jtiasa should make it past RM1.00 comfortably to maybe RM1.20.
It takes 2 more quarters to turn Jtiasa into a fully net cash company. Jtiasa will enjoy a savings in finance costs RM 25 million. By then, market cap planted per hectare of Jtiasa would be valued on par with its peers.
Cash inflow from 3 quarters depreciation worth RM 102 million plus conservative PAT 90 million are sufficient pay off the loan and RM 55 million related parties transactions.
JTIASA has achieved a turnaround in 2 years because of all its trees is prime mature. The main problem to Rsawit is the old age of the trees, 40% planted areas > 20 years old.
Calvin, Instead of giving Jtiasa one useless misnomer after another, why don't you do something useful and find out why second largest shareholder Genine Chain Ltd sold some 6.3 million shares in the last 7 trading days starting from 73 sen on 23/8? They still have some 84 million balance.
We follow the company fundamental in investing first and our decision is based on either value or growth or both.
So others might buy or sell up to them unless Owners of companies sell all until ceased to be substantial shareholders
They might sell some due to reasons known to them
If you check bplant for Feb 2023 even Ltat unloaded lots of Bplant shares at very low prices If only they knew that Klk will later offer Rm1.55 to take their shares they should not have sold but be buying instead
So the selling of jtiasa by Spore investors got reasons only known to them
As for us we invest based on fundamental and unless fundamental deteriorates we will hold
Calvin, you are full of baloney and reek of hypocrisy. Highlighting that Fong Siling and Neoh Soon Kean holds a few million shares and urge others to follow but when second largest shareholder sells some 6 million shares, you got nothing to say. Why? Because you are a piss poor analyst.
84m shares sell-off probably will get digested between 75-85sen in coming 1.5 months. Surely they are not happy with the controlling shareholders, likely due to the trust-deficit issue, especially as their share sell-off came on the heel of the recent RM52m related party transaction. It’s a red flag and controlling shareholders need to do stop any hanky-panky deals.
Need to monitor Genine Chain's action in coming weeks. Would be surprised they want to be totally out now after Jtiasa's recovery and the resumption of dividends. 84 million shares is not that easy to sell to small retailers. Let's hope they just want to trim holdings. Whatever, it is not a positive vote.
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WilburR2
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Posted by WilburR2 > 2023-08-25 07:32 | Report Abuse
Good performance,pare down debts and declare dividens