Log to Palm oil ratio 37:63 which was reversed a year ago. Future profit will be mostly from Palm oil. KYY mentioned that his mistake for the counter was money made from log was all invested in palm oil plantation. Now, oil palm shall able to make money for its own. Good prospect for the future.
if taken into account of the nta, it is already priced in,or factored in , adjusted for the expected tough condition in lumber.price may retrace abit ,but then will recover.Profit from palm side would cover the losses in lumbering sector.plus and minus , could go sideway.
with ringgit heading toward 5 for USD, commodities export stock still the best BET,once the timber sector returns to normal, then with two wings ,it can fly high.
I'm sure many here are from plantation sector. I myself is not directly involve in a day to day operation but someone in touch with this sector. The plantation is currently been affect by short of labor. Some of the fruits are not harvested and left to rot. Those days, loose palm oil fell from the bunch are collected but i heard it is not done so. Hence, lower FFB not necessary due to plant not fruiting but it is not collected. The labor has been an issue. With further weakness in RM make it worse. Foreign labor are going back as the can get the same take home rate minus the exorbitant levy and horrible treatment.
Jtiasa palm should be on the maturing stage and it should produce high yield. I'm sure they somehow been impacted by the labor shortage and it should record a better results if this can be resolved.
do try and see if higher salary do produce higher yield. Also, i have not really see plantation harvest fruits or collect fruits at night using torch light (unless those stealing). So, not sure if OT can really work.
all i can say is it will be wasting money. The time during dusk and dawn having poor visibility. You pay more and get less than normal time. So better don't waste money.
To sum up;it seemed ,first we wait for trees to grow up, trees get matured ,and bear fruits; now we need to wait,for the management to be grown up,get matured ,acquired expertise,and this you waited for long time, is this the price needed to pay.To simplified the process, why not hired some people who have more experience ,from other place,and get expertise transfered quick, the sooner the better.isn't this is wiser.
Below is the breakdown of Jtiasa performance on oil-palm segment. The 16q1 vs 15q1 ===> 73% up revenue -- 17 time up profit so what is so disappointed with the oil palm performance ???? Quarter--Revenue--Profit------ 2016Q1--154,261--42,653------- 2015Q4--123,988--19,662------- 2015Q3---83,200--(30,107)------ 2015Q2--100,461--(6,815)------- 2015Q1---89,114--2,360-------
@tc2012 , i am comparing jtiasa and taann, similar set ups,timber plus CPO, yet results are so much different, something must be wrong right?Taann is gradually climbing upward, while J'tiasa is sinking to other direction, can you tell me why??
in fact , so called investment theory that "market is always efficient" ,is actually wrong , all we see market is always inefficient,that is why ,prices flutuate up and down, most of the time.That is why we need to monitor carefully.Change id the magic word.If jtiasa acquires better profressional team to help out, we are going to see completely different picture.
how about compariing FGV and KLK, and jtiasa and taann, quite similar, suitable comparison and contrast, right? they you know , market is always efficient is just shit.
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....
ZHAO
874 posts
Posted by ZHAO > 2016-11-24 19:24 | Report Abuse
Still ok lah