Posted by azman71 > 2017-05-25 20:02 | Report Abuse

jtiasa-cl i will gamble n try luck

Posted by alexsee > 2017-05-25 21:00 | Report Abuse

good result.. current market very not like what u think..just worry even good result will not go up.. even go down like Thplant :(

Posted by Alan Chan > 2017-05-25 21:01 | Report Abuse

TP ? 1.40?

Posted by alexsee > 2017-05-25 21:02 | Report Abuse

hope open at 1.2 above.. then i can sell my jtiasa-cn at 0.06-0.065 which bought at 0.045 yesterday

Posted by Apollo Ang > 2017-05-25 21:06 | Report Abuse

modest target open maybe can achieve at 1.20, but 1.40 sure cannot lah

Posted by Investeye > 2017-05-25 21:16 | Report Abuse

Impressive result.... luckily bought and average down some..

Posted by Apollo Ang > 2017-05-25 22:28 | Report Abuse

likely cannot lah,maybe 1.18 above at opening

Posted by Icon8888 > 2017-05-25 22:30 | Report Abuse

Good result

Jayatiasa is a buy at this price

I bought few days ago at 115

Happy to hold 2, 3 years

I believe there will be opportunity one day to go up

Posted by nich0las > 2017-05-25 22:38 | Report Abuse

Faster up! Before July 1(Tax timber increase more than 6000%), itu jilaka Sarawak Government. Ask government sendiri to cut the timber la.
http://imgur.com/a/JKoYu

Posted by lizi > 2017-05-25 22:42 | Report Abuse

don't waste time here, the future is bleak, timber tax is coming. if u bullish on cpo, go for pure cpo counter.

Posted by Octopus > 2017-05-25 23:16 | Report Abuse

Timber is not the only business for jtiasa, further if tax charged for timber log, and jtiasa is not allowed to increase price ( if jtiasa is stupid as u say) then bad qr coming... business always business, increasing cost will lead slow on revenues, but not all...

Posted by labu83 > 2017-05-26 07:19 | Report Abuse

Don miss a boat.....
Learn from pos,drb,umw, from negative perception now Super attractive,
News only news,they create n they can change like bandar malaysia (iwcity),
Now not good tommorow become good...

Posted by labu83 > 2017-05-26 08:38 | Report Abuse

Today start bull opening n theme rally election ,can be rm 1.3.
Jtiasa cn Super friday start 9.00am,
50% upside

Posted by alexsee > 2017-05-26 08:53 | Report Abuse

go jtiasa !!! the best quarter result since 2013 !!!!

Posted by labu83 > 2017-05-26 08:57 | Report Abuse

dream come true......
Beli kacang ngan yin...makan sambil tgk wayang Jtiasa ,

Posted by labu83 > 2017-05-26 09:02 | Report Abuse

Rm1.27 line my watching

Posted by Frederick Foo > 2017-05-26 09:17 | Report Abuse

Coldeyes & RHB 25 Jewel, TP1.61, gogogo!

Posted by Frederick Foo > 2017-05-26 09:23 | Report Abuse

Palm Oil To Bolster Growth
Investment Merits
 A leader in the timber industry
 Significant contributions from the oil palm division going forward
 Beneficiary of a weaker MYR against the USD

Company Profile
Jaya Tiasa Holdings (Jaya Tiasa) is involved in the manufacturing and
distribution of plywood, logs and other timber products. It is also
involved in the cultivation of oil palms.

Highlights
Timber giant in Sarawak. Jaya Tiasa is one of Malaysia’s largest
timber companies. It has timber concessions of over 700,000ha in
Sarawak. While its timber division has been the group’s bread and
butter, the subdued timber outlook – affected by macroeconomic forces
– has seen slower growth in recent times. The tightening of state
regulations has also hampered log production, which had already been
dragged down further by weaker global demand. Plywood prices have
also been weak. We estimate that it has fallen by over 11% as at Dec
2016 from its high of USD500 per cu m in Mar 2016.
Palm oil segment’s turnaround. The weak timber outlook has been
offset by Jaya Tiasa’s turnaround at its oil palm operations, which
started development in 2002. The group has a sizeable oil palm estate
with an estimated 69,589ha of plantable area to date. Of this, over 54%
of its trees are in the prime mature age as at end-FY16 (Jun). This is
estimated to rise to 65% as at end FY17.
Jaya Tiasa’s plantation average age profile stands at approximately
eight years and FFB yields can potentially be as high as 22.3 tonnes
per ha. Coupled with strong CPO prices currently, with 1HFY17
averaging at MYR2,791/tonne, we believe the group is on track to post
record earnings in its palm oil division.
Beneficiary of a weak MYR. Timber companies are highly sensitive to
fluctuations in the MYR/USD. This is as the bulk of their revenues are
denominated in USD while the majority of their costs are in MYR. As
such, Jaya Tiasa is a beneficiary of the weak MYR outlook ahead.
Our house assumption has forecasted for MYR/USD at 4.43/4.25 for
FY17-18 respectively. We estimate that every MYR0.10/USD change
could impact the group’s earnings by up to 10-12%.

Company Report Card
Latest results. Jaya Tiasa’s recent 2QFY17 results disappointed
slightly due to lower contributions from the timber division. Its palm oil
segment, however, was able to offset timber’s lower contributions due
to higher yields and the current favourable CPO prices. The latter,
realised for 2QFY17 at MYR2,760 per tonne, also helped in offsetting
declining production volumes as a result of weather conditions.
Balance sheet/cash flow. As at Dec 2016, Jaya Tiasa’s net gearing is
at 56%. We estimate this to improve to 50% in FY17 on stronger cash
flow and profit generation.
ROE. The group achieved an ROE of 3% in FY16, but we expect this to
grow to 5%/6% in FY17-18 respectively on the back of its palm oil
segment. An upside risk would be stronger-than-expected contributions
from its timber segment.
Management. Jaya Tiasa is helmed by the Tiong family. Sarawak
tycoon Tan Sri Tiong Hiew King is a major shareholder in the group,
with an over 22% stake. His family members also sit on the board of
directors.

Recommendation
We like Jaya Tiasa for its strong palm oil outlook, as we project for the
group’s 3-year earnings CAGR to grow at 22%. As plywood prices are
seen to have bottomed in 2016, we also expect stronger contributions
from this segment going forward.
Our SOP-derived TP of MYR1.61 implies a 28% upside to current share
price as at the time of writing. This TP is based on a DCF value for Jaya
Tiasa’s log operations, replacement value for its plywood unit and a
target 17x FY17 P/E for its plantations division. Our implied FY17F P/E
and P/BV is at 13x and 0.6x respectively.

Posted by alexsee > 2017-05-26 09:39 | Report Abuse

no power !!!!!

Posted by Gentlemen > 2017-05-26 10:07 | Report Abuse

Too many people taking profit or cut loss... Have to wait few more days just can see the kick coming! :)

Posted by Gentlemen > 2017-05-26 10:17 | Report Abuse

Sorry for those selling on today, you must either gain less than 10% profit or cut loss at a lower price... Can't get the big money in real soon! TP 2.50 in a year time!

Posted by alexsee > 2017-05-26 10:32 | Report Abuse

lock in profit is most important even less gain .. let's the profit in the pocket first. we really don't know what will happen next...

Posted by DisCiPline > 2017-05-26 10:42 | Report Abuse

timber is a cylindrical business, it wont be down forever, at least at the moment palm oil can brings in profit, while waiting timber to recover and once recover, with both sectors doing well the price is unstoppable, be patient.

Posted by windcloud > 2017-05-26 10:51 | Report Abuse

this will exceed 1.20 soon, TP will be 1.30 or more, I brought very little only as limited cash hope get some ang pao.

Posted by nich0las > 2017-05-26 11:03 | Report Abuse

who the hexx throw units? 1.15 - 1.16. macam QR so bad la. haha

Posted by Frederick Foo > 2017-05-26 11:05 | Report Abuse

forming a rounding bottom, which bull you catch?

Posted by weng77 > 2017-05-26 11:23 | Report Abuse

I spent a lit bit time to digest the Jtiasa latest Q result...

Palm oil segment -
Revenue RM 130 mil and profit before tax RM 29.3 mil
close to my profit estimation RM 30 mil +- 5 mil

Timber segment - Perform better than expected..

Logs revenue RM 76.9 mils and profit RM 18 mil (much better)
Wood processing RM 61 mil and lost RM -3.5 mi (est lost but not able determine the number)

After take a closer look at the logs business which much deviate from my estimation with such a strong results.

Revenue 76.9 mils with average log average selling price RM 669
which translated to sales of 114,900 cm3 log (Q3'17 logs production 86,234 cm2 logs)
sales volume for logs increased by 71 %.
With such a strong sales of logs exceed the total production look quite abnormal..
Furthermore there is 30% quote for logs export, this quarter could use up the quote for next export quote and depleting some logs inventory.
Some of the logs use for wood processing...
With the logs export quote use up for last Q and less production for log for this Q could create a double dip for log business for coming Q unless the log production pick up strong may and june..
Inconsistent of timber business cause it hard to est this business...

Just my observation, could be true or false...spend a little bit time to digest the log business...

Posted by Kim Yeoh > 2017-05-26 11:43 | Report Abuse

好彩我有学会了股市法则（不要听信他人对股市的看法与想法）这只在股价一块四十多时，有个朋友说他听到了消息这只股会抄，所以买了整千粒！如今只是纸上亏损就几十万了！我要是跟进买的话，有可能也会亏损几万元呢！

Posted by alexsee > 2017-05-26 11:55 | Report Abuse

coldinvestor, so rich !!!

Posted by labu83 > 2017-05-26 12:05 | Report Abuse

drama Jtiasa will show evening,
Im still hold rm1.1,cheap n safety,
Give good signal for next week chart,
I hope defensive rm 1.16 today,
Hear demand CPO ramadhan n FFB mature June 2017,still cheap n collect,

Posted by labu83 > 2017-05-26 12:08 | Report Abuse

Cold investor,very confident sky ,waiting drama today end for coward investor only....
Keep n hold....

Posted by Frederick Foo > 2017-05-26 15:22 | Report Abuse

Green in the red sea, next week should go higher

Posted by CP Tan > 2017-05-26 17:40 | Report Abuse

Monday drop b 1.14...

Posted by tonywong8 > 2017-05-26 18:56 | Report Abuse

No more palm planting, no more palm mill construction, excess equipments for timber logging and excess capacity for plywood/veneer plants. No more require capital investment. The debt had reduced Rm 85 millions as compared to last quarter. Soon, the company can issue bigger dividend to shareholders.

Posted by Goinvest88 > 2017-05-27 07:17 | Report Abuse

Spring is coming..

Posted by Frederick Foo > 2017-05-27 08:57 | Report Abuse

http://www.theedgemarkets.com/article/jaya-tiasa-plantation-unit-cushions-weaker-timber-outlook

Posted by 10bagger10 > 2017-05-27 10:08 | Report Abuse

Tonysifu, how much total debt jtiasa had?

Posted by nich0las > 2017-05-27 12:37 | Report Abuse

WOW, The profit is 5 year most high! 27M. Monday add more.

Posted by nich0las > 2017-05-27 12:38 | Report Abuse

Use the apps "Stock Hunter", we can read all the things of share counter. Cash, Debt, News, QR.

Posted by calvintaneng > 2017-05-27 13:54 | Report Abuse

JTiasa = GIANT TREASURE

Posted by Frederick Foo > 2017-05-27 13:56 | Report Abuse

受惠棕油价攀高．常成第三季转盈 http://www.sinchew.com.my/node/1646806/受惠棕油价攀高．常成第三季转盈 (Share from StockHunter)

Posted by tonywong8 > 2017-05-27 16:43 | Report Abuse

The production cost dropped about Rm10 millions last quarter for Palm oil sector as compared to the past few quarters. Hope to see more drop in the future.

Posted by tonywong8 > 2017-05-27 17:04 | Report Abuse

With the 4th Palm oil mill in operation from Jan,17, the cost saving of Rm 10 mil per quarter or 40 millions per year will push the profit quite significant.

Posted by LearnFromMistake > 2017-05-27 23:35 | Report Abuse

Normally when result good , no ppl care, if result bad, only ll goreng before releasing result ;)

Posted by ivan9511 > 2017-05-28 00:31 | Report Abuse

no need worry
up with high volume now

Posted by Shadows > 2017-05-29 14:49 | Report Abuse

What is next

Posted by Goldchia MH > 2017-05-29 18:57 | Report Abuse

还要等。 五月卖。乌南飞。

Posted by alexsee > 2017-05-30 09:33 | Report Abuse

good result also can't push up

Posted by nich0las > 2017-05-30 09:41 | Report Abuse

Look like QR so bad. Hold la, nothing can do.

Posted by PeterNg > 2017-05-30 09:52 | Report Abuse

Cheap Sell.