Posted by Sslee > 2 months ago | Report Abuse

Repost:
Jayatiasa 63th AGM minutes.

Question: And what will be the dividend policy moving forward in terms of %,

Reply: Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long-term growth. However, that will not restrict declaration of dividend of more than 20%. With improvement in financial position and market condition, the dividend payout will increase accordingly

Posted by Berlin > 2 months ago | Report Abuse

Huh? It says dividend policy, not dividend guarantee. Better go find out the difference between a policy and a guarantee.

Posted by godhand > 2 months ago | Report Abuse

Posted by Berlin > 11 minutes ago | Report Abuse

Huh? It says dividend policy, not dividend guarantee. Better go find out the difference between a policy and a guarantee.

whats the point of setting a dp if u are not going to follow it? Putting shit in your own pants?

Why dont u give me one example where a company didnt pay according to the dp they set. Since u say its not certainty im guessing u are smart and resourceful enough to share me 1 example indicating dp is not certainty

Posted by Berlin > 2 months ago | Report Abuse

No need to go further than JTiasa itself.

Posted by godhand > 2 months ago | Report Abuse

u cant even find one example to substantiate your point?

Posted by Sales > 2 months ago | Report Abuse

Good dividends, Jtiasa good job 👏

Posted by Johnchew5 > 2 months ago |

Post removed.Why?

Posted by Johnchew5 > 2 months ago |

Post removed.Why?

Posted by Berlin > 2 months ago | Report Abuse

Look at KSL for a prime example of a bursa company with good earnings, a great balance sheet, a 40% dividend policy but zero dividends.

Posted by Ravetidus > 2 months ago | Report Abuse

a guaranteed dividend becomes a liability for a company and would be disclosed as current liability in the books, as such dividend is always at the discretion of the Board

Posted by Ravetidus > 2 months ago | Report Abuse

a policy is a guidance.... not a must

Posted by godhand > 2 months ago | Report Abuse

KSL the chao ka lol. i just browse through their annual report dont have such formal dividend policy. nothing mentioned about it. 100% use mouth say talk cock sing song

Posted by Sslee > 2 months ago | Report Abuse

I would have hold a lot of KSL if KSL care to give dividend.
My write in FYE 2018 AGM questions.

Q1: Refer 2018 Cash flow statement, is KSL generated enough free cash
flow to pay a dividend? (Yes/No)

Q2: Is KSL has enough cash reserve to pay a dividend? (Yes/No)

Q3: Any cash flow problem if KSL pay out 4 cents dividend for FY 2018?
(Yes/No)

Refer Chairman’s statement: 2014 Annual report
I am also pleased to announce that the Group has adopted a dividend
policy of distributing 40%of the Group’s annual net profit after tax from operations (excluding any fair value gains) to shareholders in the form of cash dividends or new share issuance under the Dividend
Reinvestment Plan scheme. The dividend policy aims to attract long
term investors and to enable shareholders enjoy higher returns in
tandem with the expanding business.

Q4: What happen to the adopted dividend policy?

Q5: What happen to the promised the dividend policy aims to attract long term investors and to enable shareholders enjoy higher returns in
tandem with the expanding business?

Q6: What are the reasons for financial year end 2016, 2017 and 2018 no
dividend was given?

Refer 2018 Chairman’s statement “The Group’s financial position as at
end-December 2018 was further strengthened with our retained profit
and increased profitability, with shareholders’ equity growing to
RM2,815 million from RM2,600 million in the previous year end”

Q7: Since KSL has a very strong financial position should the board reward the shareholder with reasonable dividend? (Yes/No)

Q8: Without a formal dividend policy KSL market price had dropped into
penny stock (below RM 1.00) level. Should Board consider adopting a
new formal dividend policy to give clarity to investing public that the
BOD/Controlling shareholders interest is aligned with minority shareholders.

EXPLANATION TO THE ABOVE Q1 TO Q8
KSL is currently developing a huge integrated commercial complex with hotel (proposed name KSL Esplanade Mall) in Klang (Annual Report 2018 page 23). It is under active construction and targeted to be completed in year 2021.
Total estimated capital expenditure for the above complex is approximately RM 500 million.
We need to set aside our reserves for the above projects and working capitals. Hopefully, it will generate huge income once in full operation and enhance our future earning

Posted by godhand > 2 months ago | Report Abuse

wa this ksl really chao ka. first time i hear this adopt already can u turn and totally remove from the yearly report. Run and dont look back this company has no integrity

Posted by godhand > 2 months ago | Report Abuse

see how the management reply. treat shareholders like beggars

Posted by Johnchew5 > 2 months ago |

Post removed.Why?

Posted by Berlin > 2 months ago | Report Abuse

It's not confined to KSL. Other bursa companies like MNRB also do not follow their announced 40% dividend policy irrespective of financial performance or position. We investors have to live and learn.

Posted by godhand > 2 months ago | Report Abuse

interesting. thx for sharing. no la u just need to pick companies that are honest and have integrity. if they are not honest whatever numbers projected are of no use. u can throw the book into dustbin

Posted by Johnchew5 > 2 months ago |

Post removed.Why?

Posted by Sslee > 2 months ago | Report Abuse

Chinese Malaysian is not Mainland Chinese; many of Chinese Malaysians have preserve and practice our Chinese culture and moral compass better than some of the Mainland Chinese. Below link my confrontation with Xingquan BOD asking the moral questions during the 8th AGM on 7th Dec 2016. https://klse.i3investor.com/blogs/cscsc/111267.jsp

Posted by godhand > 2 months ago | Report Abuse

ss lee did u manage to recover any money from xinquan?

Posted by Sslee > 2 months ago | Report Abuse

Xingquan already delist. My CDS still hold xingquan shares.
So total loss for me.

Posted by Johnchew5 > 2 months ago |

Post removed.Why?

Posted by godhand > 2 months ago | Report Abuse

i really respect and be friend with people like you. most ppl will hide their losses or unwilling to share them.

Posted by Ledangking > 2 months ago | Report Abuse

Anyone know why cost of sales of Jtiasa in Q4 2024 is so high?

Posted by Sslee > 2 months ago | Report Abuse

Corporate Presentation 4th Quarter 2024 (period ended 30 Jun 2024)
Jayatiasa cleared 1,020 Ha for replanting at its Simalau plantation
And higher fertiliizer application.

Name of Related Party Nature of RRPT Estimated Value as disclosed in the Circular Actual Value transacted from 30 November 2023 to 31 July 2024 Variation between actual value and estimated value Reason for the variation
Palm Biolab Sdn. Bhd. Biolab Testing Fees RM100,000 RM120,435 RM20,435 (20.44%)
With higher fertilizer application, more frequent testing was conducted on fertilizer samplings and foliage for analysis purpose.

This announcement is dated 8 August 2024.

Posted by Ledangking > 2 months ago | Report Abuse

Thanks SSLee. That is very helpful information.

Posted by Sslee > 2 months ago | Report Abuse

The budgeted FFB production for FYE 30 June 2025 is 1,211,852 MT. So need to apply more fertilizer.

FFB projection:
30-Jun-2022
(Actual)
30-Jun-2023
(Actual)
30-Jun-2024
(Actual)
30-Jun-2025
(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)
0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)
3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)
96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8

Posted by Seeking > 2 months ago | Report Abuse

Good. Yield going up.

Posted by Patient Investor > 2 months ago | Report Abuse

@Sslee where can the corporate presentation be view?

Posted by Sslee > 2 months ago | Report Abuse

https://jayatiasa.listedcompany.com/slides.html

Posted by Save > 2 months ago | Report Abuse

Palm oil export rebound after middle of August from MoM -20% to -9% end of August.
FCPO Report:
Malaysian palm oil futures surged around 1% to near MYR 3,980 per tonne after hitting as low as MYR 3,901 in the prior session, buoyed by a steady decline in ringgit. Prospects of sluggish output due to dry weather also uplift sentiment, as the Southern Peninsular Palm Oil Millers Association noted production edged down 1% during the first 25 days of August. Meanwhile, top grower Indonesia will launch a mandatory 50% palm oil-based biodiesel blending next year after the deforestation rules by the EU. However, weakness in Dalian rival oils limited the upturn. Meanwhile, cargo surveyors' data pointed to lower exports in August, with Intertek Testing Services saying shipments of Malaysian palm oil products fell by 9.9%. Also, there was a potential increase in import tax on vegetable oils in top buyer India, which could lower demand for palm oil. Elsewhere, crude oil prices were subdued after recent heavy losses, as concerns over China’s economic outlook offset supply disruptions in Libya.
Malaysian palm oil futures surged around 1% to near MYR 3,980 per tonne after hitting as low as MYR 3,901 in the prior session, buoyed by a steady decline in ringgit. Prospects of sluggish output due to dry weather also uplift sentiment, as the Southern Peninsular Palm Oil Millers Association noted production edged down 1% during the first 25 days of August. Meanwhile, top grower Indonesia will launch a mandatory 50% palm oil-based biodiesel blending next year after the deforestation rules by the EU. However, weakness in Dalian rival oils limited the upturn. Meanwhile, cargo surveyors' data pointed to lower exports in August, with Intertek Testing Services saying shipments of Malaysian palm oil products fell by 9.9%. Also, there was a potential increase in import tax on vegetable oils in top buyer India, which could lower demand for palm oil. Elsewhere, crude oil prices were subdued after recent heavy losses, as concerns over China’s economic outlook offset supply disruptions in Libya.

Posted by AlphaAdventurer > 2 months ago | Report Abuse

Revenues in the Forestry industry in Asia are expected to grow by 9.5%. 🆙

Posted by Kawasaki668 > 2 months ago | Report Abuse

https://www.nst.com.my/news/nation/2024/09/1101238/malaysia-eyes-new-green-tech-boost-sustainable-palm-oil-production

Posted by WilburR2 > 2 months ago | Report Abuse

buy some

Posted by Berlin > 2 months ago | Report Abuse

Looks like the disaffection with JTiasa's 4Q2024 results trumps the positive 3.5% final dividend going by past few days' trading. This is a great chance to establish a long position at RM1.03/4. JTiasa's palm oil plantation division has become a reliable money spinner. Timber continues to be loss making due to industry wide issues. All in all, going forward, JTiasa will continue to be profitable and generating strong cash flows of some RM300m allowing generous dividends to be paid. I find the current valuations compelling.

Posted by Sslee > 2 months ago | Report Abuse

Already top up more at RM 1.03 and can expect jtiasa to pay dividend twice a year.

Posted by Berlin > 2 months ago | Report Abuse

Just imagine JTiasa's worth when the timber business stops bleeding and contributes to profits. Timber lost money the last 7 years. Painful.

Posted by AlphaAdventurer > 2 months ago | Report Abuse

I will try some luck at Rm1 🙂

Posted by WilburR2 > 2 months ago | Report Abuse

another increased production report

Posted by Sslee > 2 months ago | Report Abuse

JAYA TIASA HOLDINGS BHD

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of August 2024 as follows:

Product Production
Fresh Fruit Bunches 123,613 metric tonnes
Crude Palm Oil 25,238 metric tonnes
Palm Kernel 5,850 metric tonnes
Logs 6,334 cubic metres

This announcement is dated 9 September 2024.

Posted by Income > 2 months ago | Report Abuse

I m loving this

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

12 months FYE 30/6/2024

INCOME STATEMENT
Revenue 1,015.8 m
Gross Profit 305.7 m
Operating Profit 227.2 m
Finance costs 18.5 m
PBT 206.6 m
Net Profit 141.1 m

BALANCE SHEET
NCA 1,595.6m
CA 395.7m
TA 1981.3m

CL 141.9m
NCL 175.6m
TL 454.2m

Equity 1,527.1m

Cash & Eq 283.0m
STL & Borrowings 57.7m
LTL & Borrowings 136.6m

Net Asset per Share 1.58
No of ord shares 967.991m

CASH FLOW STATEMENT
PBT 206.6m
D&A 137.7m
OCFBWCC 395.9m
CFO 391.8m
NCF from operating activities 360.0 m

Acquisition of subsidiaries (52.3m)
Acquisition of PPE (49.3m)

Dividend paid (40.7m)

FINANCIAL INFORMATION
JTIASA
Share price 1.070
Market cap 1.042b
ROE 9.14%
P/B 0.68
NTA 1.58
EPS 14.44 sen
PER 7.41
DPO policy 20%
Dividend 3.2 sen
DY 2.99%

FCF 307.4m

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

GOOD COMPANY

Posted by Sslee > 2 months ago | Report Abuse

Jayatiasa now paying dividend two times a year with dividend policy payout of min 20%

Ann. Date
Ex Date
Type
Subject
Amount
30-Aug-2024 13-Sep-2024 DIVIDEND Second Interim Dividend RM 0.0350
29-Feb-2024 14-Mar-2024 DIVIDEND First Interim Dividend RM 0.0250
24-Aug-2023 12-Sep-2023 DIVIDEND Second Interim Dividend RM 0.0170
28-Feb-2023 14-Mar-2023 DIVIDEND First Interim Dividend RM 0.0150

Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long-term growth. However, that will not restrict declaration of dividend of more than 20%. With improvement in financial position and market condition, the dividend payout will increase accordingly

Posted by jjohnchew > 2 months ago | Report Abuse

Jtiasa CPO production output ( MT) :


August 2024 : 25,238
July 2024 : 20,558
June 2024 : 17,018
May 2024 : 16,419

August 2023 : 23,324
July 2023 : 22,712
June 2023 : 16,580
May 2023 : 15,489

July 2022 : 12,488
June 2022 : 11,723
May 2022 : 11,500

> July 2024 Production Output: FFB is dropped 7.9 % , CPO is dropped 9.5 % .

> August 2024 Production Output: FFP is increased 2.74 % , CPO is increased 8.2 %

Posted by jjohnchew > 2 months ago | Report Abuse

Jtiasa Dividend :

2020 : No Dividend …. Net Loss Rm 73.5 million

2021 : No Dividend ..Net Profit RM 31.4 million ( why no Dividend with Dividend policy minimum 20 % ?)


2022 : DY 4.83

2023 : DY 4.51

2024 . DY 5.41

Posted by jjohnchew > 2 months ago | Report Abuse

Jtiasa

Hoho interesting le , referring to FYE2023 :

Top 10 List of Properties Owned :

1.) Pulau Bruit , Bruit Land District

👉Tenure : Rented land

Existing use : Oil Palm estate, CPO mill , Building & Quarter


👉Area : 52,880 hectares


Approximate age of building: 15 years


2.) Pulau Bruit , Lot 5,6,14,15 Bruit Land District

Tenure : leasehold until 2064

Existing use : Oil Palm estate, Building & Quarter


👉Area : 10,043 hectares


Approximate age of building: 11 years


> Where as other 9 properties are with Leased Tenure until 2060 , 2064 etc .


>>👉👉Going to tanam Hybrid Rice !!!



ukas sarawak gov
https://ukas.sarawak.gov.my › pul...
Pulau Bruit Suitable to Become One of Sarawak's Hybrid Rice Cultivation Area – UKAS


20 Feb 2024 — DARO: Pulau Bruit possesses land suitable for cultivating hybrid rice due to its fertile soil conducive for agricultural activities.

Posted by Fabien _the efficient capital allocator > 2 months ago | Report Abuse

RM300mil annual free cash flows and increasing dividends. What else you want?

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho Palm oil trees 20 years age is considered old trees … need Replanting latest by 25 years age .

TSH : average Trees age 13.4 years … Jtiasa : average Trees age 14.0 years …


👉 see Public Invest Research on TSH article:


👉Jtiasa :

All our palm trees have matured. Out of the Group's total planted area of 69,589 hectares, about 3% of the palms are more than 18 years of age. The average age of palms is 14 years, which is within the prime production bracket.


👉TSH :

PublicInvest ceases coverage on TSH Resource due to slow growth, sluggish FFB yield
By Faiqah Kamaruddin
May 21, 2024 @ 11:02am

KUALA LUMPUR: Public Investment Bank (PublicInvest) is ceasing its coverage of TSH Resources Bhd due to the company's limited growth prospects and sluggish fresh-fruit bunches (FFB) yield.
The firm said it is reallocating its internal sources to other sectors.


Investors should no longer depend on any of our financial forecasts for TSH Resources in making investment decisions, nor infer any adverse opinion as a result of our decision to cease research coverage," said PublicInvest.

In a research note today, PublicInvest said FFB production growth is anticipated to be subdued this year due to the sale of plantation assets in Indonesia and Sabah (13,214 hectares) over the past two years.

"Additionally, the average age of the plantations is increasing (currently 13.4 years old), and FFB yield remains low due to insufficient replanting activities in recent years," PublicInvest said.