Posted by fzank > Aug 25, 2017 09:44 AM | Report Abuse for exposure to c3po price uptrend ... there is more other better plantation stocks than this lousy stock ...
disappointed with their result even taking out the impairment. well, that's life in stock investing, sometime thing can still go wrong even you have done the homework.
in fact ... i just found out for the past 4 years .... also every quarter -VE RM (in millions) ..... really set a record ... sooner or later RI or PP will be proposed ....
This is the first time they have positive free cash flow.
FY17+ve 35mil FY16-ve 63mil FY15-ve 62mil
Downsizing wood production activities is the right and a must strategy for the group to achieve significant profit in the coming years.
Palm oil sector profit is lesser due to cost of higher dosage of fertilizer as more palm oil tree are matured. Last year they recognize this cost during Q3 . This time they recognize in during Q4 with impairment loss together which make the result even worse.
darrenliew, KYY where got cut loss? probably he took profit without informing everybody only. u never know at what entry point most of his chunk before he start promote his "noble intention" #bewareofKYY
I am hng follower.last time my admiration fall for him?of the genting-wa battle and also the patience of holding prestaring...bt seeing that all capital swap to jtiasa desperately is again the final brave action that few few people will imitate...I guess the capital is huge...When a lot of people fear hng took advantage and bet on the averaging tactic is very smart and risky both...I wish u the good luck..i am not taking this bet..sideline watching.Good day.
Don't waste time with this joker company. The biggest problem is the management. They can't deliver. Remember what Warren Buffett said:
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
To me, Jtiasa is not even qualified as fair company, but a lousy company. This impairment is a pay back time for making a wrong investment decision. Don't know this acquisition of wood production company is a related party transaction or not. If yes even worse, pay premium to enrich themselves.
A cheat is always a cheat. Why dare not show in i3? See how forecast their after last QR and latest 1 how many % is accuracy?
weng77 Lastest Earning forecast by Affin Hwang for Jtiasa
Lower log production and export quota, higher costs of production Given the challenges in the timber industry, we have cut our FY18-19 EPS forecasts by 29-33%, mainly to take into account the recent cut in export quota to 20% (from 30% previously), lower log production and higher cost of production for the log and plywood divisions. Nevertheless, we believe that the potential earnings increase in the plantation division would be able to partially mitigate the drop in timber division earnings.
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....
sctan
468 posts
Posted by sctan > 2017-08-25 09:38 | Report Abuse
we can expect timber business will be further affected by the tax hike from july 2017.