Posted by litias > 2016-06-23 11:04 | Report Abuse

@power88 looks like you need to have some maths lesson... you sure that's 80% ?

Posted by jqx535499 > 2016-06-23 14:17 | Report Abuse

40% drop

Posted by Investeye > 2016-06-23 15:22 | Report Abuse

Getting very attactive at present price.. when checked the production report declared by JT from Jan-May 16, the coming Q4 performance of plantation should be much better compared with Q3
With the price at almost few years low... it is a good time to accumulate. The only risk is log/plywood business.

Posted by hng33 > 2016-06-24 11:35 | Report Abuse

cut loss jtiasa at 1.07, free up capital frist

Posted by hng33 > 2016-06-24 11:46 | Report Abuse

brexit almost confrim, global market selloff, promoted portfolio to cut loss first, free up capital to protect capital as priority

Posted by Shadows > 2016-06-24 11:57 | Report Abuse

Second Holland call

Posted by AdCool > 2016-06-24 13:36 | Report Abuse

Warrants became rubbish already. Haiz....

Posted by prescott2006 > 2016-06-24 20:14 | Report Abuse

Average down @1.06

Posted by prescott2006 > 2016-06-26 12:20 | Report Abuse

Stock price is likes spring, the more it being stretched towards to one end, it will rebound massively when any good news being released. Now is at 3 years low, not grab now then when?

Posted by Shadows > 2016-06-27 10:24 | Report Abuse

Should commodities back in radar in such uncertainties environment?

Posted by Ring > 2016-06-27 11:28 | Report Abuse

AmInvestment: Jaya Tiasa, Ta Ann benefit from weak ringgit after Brexit
http://www.thestar.com.my/business/business-news/2016/06/27/aminvestment-jaya-tiasa-ta-ann-benefit-from-weak-ringgit-after-brexit/

Posted by prescott2006 > 2016-06-27 16:53 | Report Abuse

rebound strongly!

Posted by power88 > 2016-06-27 21:52 | Report Abuse

The research house explained its Buy for Jaya Tiasa was an unchanged fair value of RM2.18 a share based on an FY16F PE of 25 times. At 25 times, this was three notches below its10-year forward price-to-earnings (P/E) of 28 times.

Posted by batman11 > 2016-06-27 22:00 | Report Abuse

Most likely is because the possible rebound of palm oil price, I posted the chart at my new blog here:

http://commodity-weekly.blogspot.my/

Posted by WilburR2 > 2016-06-28 08:55 | Report Abuse

good luck and trade well

Posted by davidkkw79 > 2016-06-28 08:58 | Report Abuse

Don't play play, watch out KYY can dumping to u, if not Kyy then calvintan also can dumping to u.

Posted by WilburR2 > 2016-06-28 10:52 | Report Abuse

viola. cashed

Posted by Abdul Rahim > 2016-06-28 22:49 | Report Abuse

Still far away

Posted by AdCool > 2016-07-01 16:23 | Report Abuse

where s my duit Raya?????

Posted by Bandar4TingHiengHock > 2016-07-01 19:40 | Report Abuse

Calvin Tan, I would like to ask you, why my CIMB remisers does not like me to earn money,

Their face turn black when I profit in some counters,
but smiles and talk to me when I had losses, such as in JTIASA?

Posted by Abdul Rahim > 2016-07-01 20:21 | Report Abuse

AdCool...ATM machine under service...operation resume after 18 july 2016....after that date you can collect your raya duit

Posted by AdCool > 2016-07-01 23:00 | Report Abuse

2 more trading days before Raya. See if ATM is fixed by then.

Posted by jqx535499 > 2016-07-03 12:42 | Report Abuse

Isnin bank jem kaqan ATM masih break dawn. Perlu ambil lwbih masa dlm urusan perbankan isnn dan selasa

Posted by Abdul Rahim > 2016-07-03 20:22 | Report Abuse

Sorry...worker on vacation raya mood...so ATM machine will be repaired the following week

Posted by Abdul Rahim > 2016-07-04 20:24 | Report Abuse

Today..technician do the testing...ATM machine cant fully operate...have to wait spare part which they have order...be patience

Posted by AdCool > 2016-07-04 22:35 | Report Abuse

Habislah, no duit raya.

Posted by bloombird > 2016-07-05 12:25 | Report Abuse

catching flies before raya...up and down back 1.15 later?

Posted by calvintanengYEEEE > 2016-07-05 22:41 | Report Abuse

是媽媽招來家裡所有的不幸

Posted by Shadows > 2016-07-06 12:50 | Report Abuse

Weak RM continue to spur export and this is very good for Jtiasa.

Posted by leechen88 > 2016-07-07 11:30 | Report Abuse

calvin disappear. mp corp,mulpha,vincent tan etc now jtiasa. Calvin i lembut lutut see your VALUE TRAP.

Posted by Up_down > 2016-07-08 20:05 | Report Abuse

what is the consequences of making a decision by denying facts to feeding your betting mindset or egoism? Small matter la...lost money only lor.

Posted by Up_down > 2016-07-08 21:05 | Report Abuse

Jtiasa has no value to trap to investors. High gearing, low dividend, low profit and poor operation officiency. Where is the value come from? The debt has been going up without a sign of stopping. Be prepared, Jtiasa may make a cash call in near future. If you doubt, you can double check its cash generating ability for the past few years.

If you really love plantation stock, go for much better run companies like TAAN, WTK, Kmloong, Uplant, Umelaka.......

Posted by water99 > 2016-07-09 09:36 | Report Abuse

Aminvestment report can't trust ? Con again?

Posted by Up_down > 2016-07-09 11:16 | Report Abuse

Those researchers are either don't use their common senses or twisting the facts or close both eyes to dish out their reports. You see, TAAN amortized its Plantation Expenditure RM 20 million and and still managed to fetch PBT RM 43 million from the plantation segment last year.

What about Jtiasa? Jtiasa applies policy of non amortization plantation expenditure and yet suffering losses RM 30 million in plantation segment for the past 9 months. If Jtiasa applies amortization policy, it would have suffered additional losses RM 30 million at least.

Posted by Noobies90 > 2016-07-09 12:05 | Report Abuse

Jtiasa keep dropping from 1.3...

Posted by calvintaneng_TEYee > 2016-07-09 19:06 | Report Abuse

So what
Don't feel bad about your losses in JTIASA.
I ask you to buy at RM 1.50 (or RM 1.70),
now it just down 30%, still has RM 1.15+

Compare to CIMB Remisers SPAM investers with phone SMS,
issue BUY CALL THHEAVY 95 sen... to day you loss more than 90%.

You are still better off, you just loss at bit in JTIASA,
not like THHEAVY.

Posted by Abdul Rahim > 2016-07-09 20:37 | Report Abuse

Relax bro
Its will bounce back...
decision to buy or not ...up to us

Posted by HappyMouse > 2016-07-10 01:45 | Report Abuse

Today is the day of Lord.

Come to Masland to meet Tiong Thai King, or
Xin Fu Yuan to meet Tiong Hew King

got tips for JTIASA

Posted by power88 > 2016-07-11 08:46 | Report Abuse

令吉弱势利好　木材业中短期有支撑

由于令吉兑外幣匯率可能会因英国脱欧公投结果而持续走弱，分析员认为，这將在中短期內对大马木材业者產生正面影响，支撑相关公司的业务。

目前，令吉兑美元匯率站稳在4令吉兑1美元水平，分析员指出，两家拥有木材业务的大马上市公司--常成控股（JTIASA，4383，主板工业股）与大安控股（TAANN，5012，主板工业股）相信可从中获利。

与此同时，分析员认为，上述两家公司相比其他种植股来说，它们的估值处在被低估水平。有鉴于此，大马投行分析员保持大马木材领域「跑贏大市」投资评级。

无论如何，原木价格自2016年初至今呈下滑趋势，目前树桐的出口价格保持在每立方米220美元的水平，而夹板的价格则依然疲软，处在每立方米低于480美元的水平。


不分拆伐木权利好

儘管如此，对大本营位于砂拉越的大马木材业者来说，另一项有利因素是砂拉越首长丹斯里阿德南早前表示，无意將6大木材业集团获得的伐木许可拆分给更多小型公司，因该州政府更希望与大型木材业者一起合作，去实践可持续木材业政策。

上述6大木材业集团为三林集团、拥有常成控股的常青集团、昇阳集团、黄传宽控股（WTK，4243，主板工业股）所属的黄传宽集团、手握大安控股的大安集团以及启德行集团。因此，这些大型木材公司在可预见的未来，都拥有足够的伐木林地，以维持它们的木材业务。

值得注意的是，常成控股与大安控股同时也经营油棕种植业，而且两家公司的种植部门是影响公司价值的关键因素。对两家公司来说，原棕油价格是重要催化因素。分析员称，棕油价格能否持稳在每公吨2300令吉或2400令吉以上水平，是决定该两家公司业绩前景的重要因素。

种植业务　常成大安盈利关键

进入2016年以来，常成控股每月的鲜果串（FFB）產量按年皆比2015年数据高，首5个月的平均產量比去年高出约37%，显示该公司的鲜果串產量已经从谷底反弹。

常成鲜果串產量復甦

根据常成控股在大马交易所呈报的每月產量最新数据，该公司的鲜果串產量几乎已经达到分析员的2016年全年预测，即90万公吨，或每公顷成熟种植地14.7公吨。

据该公告，常成控股在5月的鲜果串產量为8万4376公吨，到5月为止的11个月鲜果串总產量则为82万8670吨，相当于分析员全年目標90万公吨的92%。该公司只要在6月產出7万至8万公吨的鲜果串，即可达到分析员的目標。

常成控股是在每年的6月30日结账。

此外，考虑到常成控股旗下油棕园仍未进入產量高峰期，可以预见该公司的鲜果串產量在接下来数个月將会有更出色的表现。

根据往年记录，该公司的產量高峰期落在每年8月至9月，或是该公司2017財政年的第1季。

基于常成控鲜果串產量復甦的速度，分析员认为，长期来说，该公司鲜果串年產量可持稳在150万公吨的水平。

该公司的油棕树平均树龄约8年，2017与2018財政年每公顷成熟油棕树鲜果串產量预测，分別为16.6公吨与17.8公吨。

无论如何，常成控股棕油业务部门较高的贷款，以进行油棕树种植活动，导致利息支出高于预期，拖累了该公司2016財政年首9个月的盈利表现。

根据该公司2016財政年第3季业绩报告，棕油业务部门虽然营业额上涨，但税前亏损却从去年同期的1075万令吉，扩大至3456万令吉，暴增2381万令吉或221.54%。

对此，分析员称，该公司的木材业务表现比预期佳，但是种植业务却因为较高的利息开销，导致表现落后预期。同时，在这段期间，常成控股的棕油榨取率（OER）为17%，比分析员预测的18%低。

无论如何，大马投行分析员称，由于该公司的鲜果串產量预计会逐步增高，在榨取率维持不变的情况下，该公司的整体营运成本將会下降。

木材业需求放缓

儘管常成控股在2016財政年第3季由盈转亏，蒙受773万令吉亏损，但原木业务却在营业额下跌的情况下，出乎意料取得盈利，即税前盈利达9250万令吉，去年同期税前盈利则为7385万令吉，按年上升1865万令吉或25.25%。

该公司称，第3季的营业额下降是因为原木產量降低，进而使原木销售额减少所致，而该因素也同时令木料处理部门缺乏生產夹板的原料，夹板销售额隨之滑落。该公司木料处理部门在第3季蒙受800万令吉的税前亏损，不过该部门却在2016年首9个月获得1900万令吉的税前盈利。

对常成控股来说，木材价格，无论是原木或夹板价格的下滑都是不可忽视的潜在风险。

虽然该公司称，对木材產品的需求量將会因全球经济不確定而放缓，不过鉴于原木產量有限，加上令吉疲弱趋势，木料价格应该会保持稳定。

综上所述，分析员维持常成控股「买入」投资评级，目標价为2.18令吉。该股上週五（8日）下跌1仙或0.85%，至1.16令吉，成交量为65万零500股。

Posted by power88 > 2016-07-11 08:47 | Report Abuse

2.18,,,,

Posted by power88 > 2016-07-11 08:48 | Report Abuse

1.16 to 2.18...10%

Posted by Shadows > 2016-07-11 17:02 | Report Abuse

Still holding or accumulating?

Posted by AdCool > 2016-07-11 17:11 | Report Abuse

Wow, pushed down during last 10 mins.

Posted by Ring > 2016-07-12 14:33 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5145425

Posted by power88 > 2016-07-12 14:42 | Report Abuse

why push down

Posted by power88 > 2016-07-12 14:42 | Report Abuse

target 2.18

Posted by AdCool > 2016-07-12 20:26 | Report Abuse

Warrant expiring. Defence price should be at 1.10 as this is the exercise price. This is common. Investment bank which issued the warrant will push it down to maximise their profits. In this case, Kenanga

Posted by OPMS > 2016-07-12 20:37 | Report Abuse

easy guys, those who want to follow calvin, need to know he hold stock for 2-3 years (maybe longer).

every investor should hv their own stock valuation method & strictly abide by them.

if you dun hv any, better stop your so called 'investing' just by follow others buta-buta. it's only matter of time before you face disaster.

Posted by Investeye > 2016-07-13 08:24 | Report Abuse

Logs and crop production of the Group for the month of June 2016 are as follows :-

1) Logs - 42,592 cubic metres

2) Fresh Fruit Bunches - 103,074 metric tonnes

3) Crude Palm Oil - 12,356 metric tonnes

4) Palm Kernel - 2,403 metric tonnes

Posted by Abdul Rahim > 2016-07-13 09:02 | Report Abuse

Can accumulate...