SUBUR TIASA HOLDINGS BHD

KLSE (MYR): SUBUR (6904)

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Last Price

0.97

Today's Change

+0.03 (3.19%)

Day's Change

0.915 - 0.97

Trading Volume

94,600


3 people like this.

527 comment(s). Last comment by dompeilee 1 week ago

jinghee

117 posts

Posted by jinghee > 2022-04-25 20:27 | Report Abuse



(d)3. During the financial period ended 31 December 2021, the oil palm operations recorded a
pre-tax profit of RM165.5 million (2020: RM24.8 million) as disclosed in Note 38 to the
financial statements, and contributed to net operating cash inflows of RM162.5 million
(2020: RM43.8 million). The boosted profit and cash flows contribution to the Group’s oil
palm plantation segment was attributed to the commendable yield improvement for the
financial period, as well as the strengthening of average crude palm oil (“CPO”) price,
which is expected to sustain for the next 12 months.
We draw attention to Note 5 in the financial statements, which indicates that as at 31 December
2021, the Group’s current liabilities exceeded its current assets by RM393.8 million.
Barring any unforeseen circumstances, management has a reasonable expectation that the Group
will generate sufficient cash flows for the next 12 months to allow it fulfilling its obligations as and
when they arise. Accordingly, the financial statements of the Group have been prepared on the going
concern basis.

Above quoted from the annoucement of Audit report. Subur have current liability exceeded current asset by RM393.8mil as at 31/12/2021 (2020 : RM458.30) which is narrowing in figure. Subur in 2021 generate positive operating cash flow of RM162.5mil. And management said that they have reasonable expectation that the group will generate sufficient cashflow for the next 12 month... Does is mean that in 2022 the group will generate RM398mil of cash flow? which is more than doubled from 2021 ? Any auditors here?

Posted by money_lov3r > 2022-04-25 20:48 | Report Abuse

Got cash flow issue previously??

jinghee

117 posts

Posted by jinghee > 2022-04-25 21:13 | Report Abuse

No cash flow problem, it is current liabilities more than current asset. In the report the management said still have unutilised RM172.4 mil credit facility. The auditor is just raise the concern,. In 2020 the group already have similar issue but auditor didn't raise? Why raise at this time when CPO price is so high. Coming QR sure profitablity more than previous quarter.

jinghee

117 posts

Posted by jinghee > 2022-04-25 21:16 | Report Abuse

But total company NTA still higher than current market price.

virgogo

128 posts

Posted by virgogo > 2022-04-25 22:06 | Report Abuse

To say that the company will be PN 17 company is totally irresponsible and uncalled for. For goodness sake, please do not deceive or unknowingly cause people to panic and sell the share in the company. The total borrowing in current liabilities refers to bank borrowings that are either overdraft or revolving credits provided by banks. This borrowings are normally for working capital and not for capital expenditure. The company also has more than 100 million of undrawn credit line from bank. Meaning a good amount of buffer for working capital. Coupled with positive cash flow from business, the borrowing level is not at alarm level. So, it is beyond comprehension, for someone to say that it will fall in PN 17. The company strong and valuable underlying assets can also be sold if needed. Even in a recession time, the company will not fall into PN 17 for all the reasons mentioned.

virgogo

128 posts

Posted by virgogo > 2022-04-25 22:11 | Report Abuse

Refer to the recent sales of plantation assets by IJM Plantation an TSH. Plantation land are valuable and hedge against inflation. With positive outlook on palm oil industry and stable timber sector, how is it that the company is bad to invest. I petty naive retail investors getting wrong information. On the comment by auditor, it is just a qualification which is not a warning that the company is going down the hill.

Posted by snowball2000 > 2022-04-26 14:36 | Report Abuse

what is happening? who is kyy?

Posted by snowball2000 > 2022-04-26 14:41 | Report Abuse

What is happening in Subur lately?

Kenny Lam

128 posts

Posted by Kenny Lam > 2022-04-26 14:43 | Report Abuse

any story ?

Posted by snowball2000 > 2022-04-26 14:45 | Report Abuse

Kenny Lam, since you are here, who is kyy and what happened in Subur lately?

Posted by daretocutandchange > 2022-04-26 22:34 | Report Abuse

subur latest quarterly report ...................only two months basic.........kyy

Posted by snowball2000 > 2022-04-27 09:52 | Report Abuse

who exactly is kyy?

yewyin33

272 posts

Posted by yewyin33 > 2022-04-28 10:21 | Report Abuse

My important observation is that the company reported 16.15 sen EPS is for 2 months instead of 3 months because the company wanted to change its financial year from ending in July to December. Its next quarter ending March should be much better which will be announced before the end of May. I am waiting patiently to laugh all the way to the bank. Koon Yew Yin

yewyin33

272 posts

Posted by yewyin33 > 2022-04-28 16:23 | Report Abuse

After you have read my article namely Subur Tiasa and Jaya Tiasa comparison, you should sell Jaya Tiasa to buy Subur Tiasa. Koon Yew Yin

Posted by money_lov3r > 2022-04-28 23:57 | Report Abuse

I'm in... Let's move to the moon!

gemfinder

6,813 posts

Posted by gemfinder > 2022-04-29 07:48 |

Post removed.Why?

cckiong

242 posts

Posted by cckiong > 2022-04-29 10:04 | Report Abuse

we will soon read an article claiming "Subur is Hopeless" by a Hopeless Shameless old con artist who claims to win a lot of money from the stock market.

kelvin61

787 posts

Posted by kelvin61 > 2022-04-29 13:13 | Report Abuse

If current cpo prices remain firm, the estates' yield of SUBUR should be much better for Apr-Jun22 quarter. I expect SUBUR to report record eps. Let's hope the owners distribute bonus shares to reward loyal shareholders this year, cheers.

s3phiroth

255 posts

Posted by s3phiroth > 2022-05-01 20:39 | Report Abuse

PN17 imminent because subur does not have enough cash flow to pay its debt.

stockraider

29,903 posts

Posted by stockraider > 2022-05-02 00:30 | Report Abuse

Boloh loh!

Yes subur has current liabilities exceeding current assets....this do not mean subur is bankrupt mah!

It is just that subur have too much of its assets in plantation lands loh!

It is good too have alot of assets....in plantations....bcos this is the area that generate alot of cashflow loh!

Thus negative current assets...sup sup sui for subur...can easily pay off from the strong cashflow mah!

Lu tau boh ??

Posted by daretocutandchange > 2022-05-02 12:00 | Report Abuse

do not expect very good result coming quarter,low production season even cpo so high.it may less than last quarter.

s3phiroth

255 posts

Posted by s3phiroth > 2022-05-02 14:35 | Report Abuse

It is not wise to compare the Q1 result with Q4 because of strong seasonality of palm oil industry.

It is the nature of plam oil tree that the crop yield in Q1 is always the lowest.

yewyin33

272 posts

Posted by yewyin33 > 2022-05-02 17:23 | Report Abuse

2021 annual report shows Dr Neoh Soon Kean of Dynaquest is one of the 30 largest shareholders of Subur Tiasa. Those who do not know Dynaquest can Google to find out. I feel so sorry to know that there so many ignorant people making so many senseless comments. Koon Yew Yin

Posted by daretocutandchange > 2022-05-03 10:33 | Report Abuse

l waiting to sell my subur and move to other more better oilpalm counter.

jackfruit

556 posts

Posted by jackfruit > 2022-05-03 11:03 | Report Abuse

Inno is better choice. Inno give 10 per cent dividend yield. Buying a share that give U 10 per cent yield definately won't go wrong with current palm oil price.

stockraider

29,903 posts

Posted by stockraider > 2022-05-03 11:57 | Report Abuse

Inno Not sustainable loh.....their concession expiring mah!

Thats why high div loh!

2 things need to note loh!

1. If their concession expire & unable to extend ....koyak loh!
2. If they manage to extend the concession....dividend is likely to be cut loh.....bcos not necessary to pay so high dividend mah!

Whichever the outcome....there is risk to the high div loh!

Subur.....own the land....so do not have this problem loh!

kelvin61

787 posts

Posted by kelvin61 > 2022-05-03 19:47 | Report Abuse

When comparing FFB production between different companies here, one must use their heads. Comparison must be based on the volume of crop produced against the paid up capital of the company concerned. In short, you must compare apple with apple. The eps will reflect the true earnings of each company versus the next based on current high cpo price. Talking about how large a company here makes no sense. It only shows how naive the person is.

Icon 888

1,527 posts

Posted by Icon 888 > 2022-05-04 03:23 | Report Abuse

Time to Say goodbye

007007

695 posts

Posted by 007007 > 2022-05-05 15:58 | Report Abuse

KYY dumpimg now.....

OnTime

1,233 posts

Posted by OnTime > 2022-05-05 16:02 | Report Abuse

calvin dumping

gemfinder

6,813 posts

Posted by gemfinder > 2022-05-05 16:03 |

Post removed.Why?

Posted by miracle_trader > 2022-05-05 16:15 | Report Abuse

yes, after the old fox sold all, he will post "subur is hopeless"

Loh Kok Wai W

2,928 posts

Posted by Loh Kok Wai W > 2022-05-05 16:54 | Report Abuse

Ada untung banyak tak jual tunggu apa lagi ?

007007

695 posts

Posted by 007007 > 2022-05-05 18:59 | Report Abuse

Subur crashes 9.2% in one day as big short term speculators take profits.

Icon 888

1,527 posts

Posted by Icon 888 > 2022-05-06 14:13 | Report Abuse

Say goodbye By kyy

007007

695 posts

Posted by 007007 > 2022-05-09 12:39 | Report Abuse

Subur is hopeless.......KYY aleady sold.

cckiong

242 posts

Posted by cckiong > 2022-05-09 12:49 | Report Abuse

guys, Uncle will talk in a PAID workshop teaching people how to invest. What a joke! will anyone be so S*hai to pay to listen to his crap. look at Subur and all his previous comments in i3. hahaha. make my day

007007

695 posts

Posted by 007007 > 2022-05-09 13:28 | Report Abuse

Subur 's auditors have raised concerns about the company's current liabilities far exceeding it's current assets, thus flagging a financial solvency issue. That's why it's being sold off.

Posted by miracle_trader > 2022-05-09 14:57 | Report Abuse

both old fox and subur going to kubur soon.

007007

695 posts

Posted by 007007 > 2022-05-09 15:15 | Report Abuse

Better run fast before KYY capitulates.

OnTime

1,233 posts

Posted by OnTime > 2022-05-09 15:16 | Report Abuse

I think he's long gone

cckiong

242 posts

Posted by cckiong > 2022-05-09 17:00 | Report Abuse

he is the biggest con artist here, he shouldn't talk about investment, he should talk about how he is so shameless and do things that will curse his family for generations as he misled so many fresh investors.

gemfinder

6,813 posts

Posted by gemfinder > 2022-05-09 17:00 |

Post removed.Why?

Posted by money_lov3r > 2022-05-09 17:30 | Report Abuse

I'm fine tq. I have money to invest, no problem on my side. U look over ur backside better

gemfinder

6,813 posts

Posted by gemfinder > 2022-05-09 19:30 |

Post removed.Why?

Posted by money_lov3r > 2022-05-09 19:50 | Report Abuse

I feel sorry for ur family for having u such a.........

gemfinder

6,813 posts

Posted by gemfinder > 2022-05-09 22:06 |

Post removed.Why?

Icon 888

1,527 posts

Posted by Icon 888 > 2022-05-10 00:02 | Report Abuse

Kyy sold la..

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