Why Jtiasa reported low profit in 2022 during CPO price bull run? The reason is mainly attributed to low FFB production resulting from serious labor shortage in harvesting fruits. The downward spiral effect did not stop in harvesting. It impacted get into lacking labor for the application of fertilizer and upkeep of the productive lands.
From investment angle No need. For ipo fever and fast gambling maybe as 99% of the people do not know or don't care and also won't want to know as long as "some syndicate will lead in goreng"
For me i will watch and see Meanwhile happily merrily add more Tsh on weakness
When Bplant 220,000 across were offered by Tabung Haji at Rm1.55 per share they valued Bplant at Rm2.60 Net Asset Value and stated that Rm1.55 for Bplant was unfair but acceptable
now you must know Bplant total paid up shares are 2.24 billions shares
in contrast Thplant total paid up shares only 883 millions so Bplant has 2.54 times more shares than Thplant
no wonder we see Tabung Haji has recently appointed 4 new directors for Thpant and the latest is Rashid Hussein who founded Rhb Bank and Rhb Investment Bank
all these 4 new appointed Directors are not men of agriculture which they know nothing
THESE ARE MEN OF HIGH FINANCE
AND WE ARE QUITE SURE AFTER FELDA WANTED TO TAKE FGV PRIVATE UNSUCESSFULLY DUE TO LOW PRICE OF RM1.30
LTAT SUCCESSFULLY TOOK BPLANT PRIVATE AT RM1.55
TABUNG HAJI WILL ALSO WANT TO TAKE THPLANT PRIVATE
ONLY THING IS TIME AND THE ULTIMATE PRICE TABUNG HAJI IS WILLING TO OFFER TO TAKE THPLANT PRIVATE
THAT IS WHY THOSE WHO MISSED BPLANT PRIVATIZATION SHOULD NOT MISS THPLANT
You can never get a good sized durian for one ringgit today and also you can never get good lands per acre at Rm6,250 an acre in Kemaman, Kluang, Serian , Bintulu or Lahad Datu today
the amazing thing is WE CAN STILL GET THEM BY OWNING THPLANT which own these lands still at old book value
these are like finding "mau sang Wang" durians misplaced in the pile of ordinary durian selling for a song
Below what I posted on Jan 18 2024 for comparision.
Posted by Sslee > Jan 18, 2024 10:24 PM | Report Abuse X Just for comparision: What do you think Jayatiasa fair price? Jayatiasa Fresh Fruits Bunches (MT) Quarter end 31Dec 2023 345,778 Quarter end 30 Sept 2023 359,740 Quarter end 30 June 2023 224,649 Market Cap: 969 Million NOSH: 974 Million NAPS: RM 1.51 Share price: RM 0.995
Taaan Fresh Fruits Bunches (MT) Quarter end 31Dec 2023 No yet announce Quarter end 30 Sept 2023 210,829 Quarter end 30 June 2023 143,071 Market Cap: 1,614 Million NOSH: 445 Million NAPS : RM 4.10 Share price: RM 3.63
SOP Fresh Fruits Bunches (MT) Quarter end 31Dec 2023 348,678 Quarter end 30 Sept 2023 352,149 Quarter end 30 June 2023 264,453 Market Cap: 2,377 Million NOSH: 890 Million NAPS: RM 3.86 Share price RM 2.67
If we do a quick comparison on these few metrics, 1. Efficiency - net profit margin %, ROE 2. Cheapness - Market Cap / Free Cash Flow 3. Asset quality - yield per acre
JTiasa appears to be the winner among Taann, SOP and SWK Plant but lacking in terms of dividend yield ( as compared to Taann). When Jtiasa catch up on dividend payout, then it will be an obvious overall winner. Let's see if the one in control has this intention .
Hi Calvin, I am still waiting for your article to support your suggestion on why TSH is more undervalued than Jtiasa that you mentioned not too long ago :)
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3137 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
xiaoeh
2,443 posts
Posted by xiaoeh > 2024-01-25 11:29 | Report Abuse
Calvin since you stay SG
do u buy Bumitama, GoldenAgri, First Resources, Olam and Wilmar?
Which one the best?