Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Fri, 27 Nov 2020, 1:05 AM

 

JAYA TIASA (4383) OR GIANT TREASURE - LATEST TAKEAWAYS FROM ANNUAL REPORT, Calvin Tan Research

Author:   |    Publish date:


Hi guys,

These are some highlights from Jaya Tiasa latest Annual Report 2020 just released

1. JAYA TIASA HAS 83,000 ACRES OF PLANTATION LANDS OR 205,000 ACRES

This makes it one of the biggest players in Palm oil plantations among small cap

 

2. In the Annual report there was a one-off impairment mark down of ppe (property/plant/equipment) amounting to Rm99.1 Millions

If not the balance sheet should be positive as Its palm oil business is positive

 

3. Although Jaya Tiasa got impairment losses through ppe mark down IT DID NOT REVALUE ITS EXISTING LANDBANK VALUE

 

4.. With palm oil prices trading between Rm2800 to Rm3200 a tonne now Jaya Tiasa should see better times ahead

 

5. Jaya Tiasa has no forced labour or child labour

 

6. All the Plantations & Mills of Jtiasa are 100% MSOP certified for sustainable practice

THIS ADDS LOTS OF VALUE AS END PRODUCT WILL SELL AT PREMIUM PRICES!!

 

7. The average age of Jaya Tiasa Oil Palms average 11 years old

THIS IS THE PEAK & BEST PRODUCTION AGE - 11 YEARS OLD PALM OIL TREES NOW AT ITS PEAK PRODUCTION TIME

 

8. ALL THE PLANTATION LANDS OF JAYA TIASA ARE LOCATED IN SARAWAK

This will synergize its operation with better economy of scale

 

9. THE LANDS OF JAYA TIASA ARE THE LOWEST PRICED IN MALAYSIA

Example is in Pulau Bruit (see Annual report)

Pulau Bruit
Lot 92, 93 & 96 Leasehold Land
Block 6, Bruit Land District expiring on 18.05.2064
Oil Palm Estate..........Land area  50,001,473 sq meter  Cost  Rm8,926,000    Book value as at  09/Dec/2004
 
Jtiasa has 50,001,473 sq meter of palm oil lands in Pulau Bruit valued at Rm8,926,000
 
Let's calculate its cost per sq ft
 
First multiply 50,001,473 sq meter by 10.764 to convert to sq ft
 
= 538,215,855.3 sq ft
 
Ok to get psf divides Rm8,926,000 by 538,215,855.3
 
= 0.016 sen
 
Or 1.6 sen per sq ft
 
HOW IN THE WORLD YOU CAN GET LANDS PLANTED WITH PALM OIL FOR 1.6 SEN???
 
CAN YOU BUY ANYTHING WITH A 5 SEN COIN TODAY?? 50 SEN ALSO COULD HARDLY GET YOU ANYTHING
 
HOW MUCH MORE TO GET 1 SQ FOOT LAND WITH PALM OIL TREES FOR LESS THAN 2 SEN PSF?
((these are not jungle lands but cleared, cultivated with maturing 11 years old oil palm trees))
 
 
10. NO WONDER SOME OF THE WISEST INVESTORS ARE IN TOP 30 HOLDERS OF JAYA TIASA
 
Please go see Jtiasa Annual Report Top 30 Major Holders under page 151
 
8 UOB Kay Hian Nominees (Asing) Sdn Bhd 35,272,750 3.64
Exempt An For UOB Kay Hian (Hong Kong) Limited (A/C Clients)
 
12 CIMB Group Nominees (Asing) Sdn. Bhd. 16,790,250 1.73
Exempt An For DBS Bank Ltd (SFS-PB)
 
16 Citigroup Nominees (Asing) Sdn Bhd 7,233,366 0.75
UBS AG
 
17 Citigroup Nominees (Tempatan) Sdn Bhd 5,878,200 0.61
Employees Provident Fund Board (PHEIM)
 
18 Citigroup Nominees (Asing) Sdn Bhd 4,413,433 0.46
CBNY For Dimensional Emerging Markets Value Fund
 
20 CIMB Group Nominees (Tempatan) Sdn Bhd 3,307,500 0.34
Exempt An For DBS Bank Ltd (SFS-PB)
 
22 Citigroup Nominees (Asing) Sdn Bhd 3,250,738 0.34
CBNY For Emerging Market Core Equity Portfolio
DFA Investment Dimensions Group Inc
 
27 Neoh Choo Ee & Company Sdn. Berhad 2,373,000 0.25
 
 
NOTABLE ONES
 
1. SINGAPORE BIGGEST BANK DBS HAS TWICE POSITION IN TOP 12 & 20
What Singapore Largest DBS Bank sees in Jtiasa? Why not all other Bigger Palm Oil Companies?
 
2. Employees Provident Fund Board (PHEIM)
 
PHEIM FUND BOSS DR TAN CHONG KOAY HELPED EPF (OUTSOURCE) TO BUY JTIASA AMONG MORE THAN 30 PLANTATION STOCKS. WONDER WHY?
 
3. MOST SURPRISING NEWS OF ALL
 
DR NEOH SOON KEAN SUDDENLY APPEARED IN JTIASA YEAR 2020 ANNUAL REPORT TOP 30 MAJOR HOLDERS???
 
DR. NEOH IS USING HIS OWN COMPANY
27 Neoh Choo Ee & Company Sdn. Berhad...................... to buy 2.373 Million Jaya Tiasa shares 
 
THIS IS FROM HIS OWN POCKET AND NOT FROM DYNAQUEST WHICH FUND HE IS MANAGING
 
COLD EYE OR FONG SILING WAS ONCE IN TOP 30 (NOW NOT SURE)
 
 
BEST REGARDS
 
Calvin Tan Research
Singapore
 
Disclaimer

All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.

 

 

Share this

  2 people like this.
 
calvintaneng https://koonyewyin.com/2014/02/24/jaya-tiasa-historical-record-cannot-lie/
29/10/2020 11:57 PM
calvintaneng https://koonyewyin.com/2014/02/17/how-does-wilmars-new-policy-affect-the-sarawak-palm-oil-industry-and-what-is-the-long-term-solution/
29/10/2020 11:57 PM
calvintaneng https://koonyewyin.com/2014/02/11/the-truth-will-set-me-free-11-feb-2014/
29/10/2020 11:58 PM
calvintaneng https://koonyewyin.com/2014/01/20/my-reasons-for-buying-jaya-tiasa/
29/10/2020 11:59 PM
calvintaneng https://koonyewyin.com/2013/11/05/how-to-become-a-super-investor/
29/10/2020 11:59 PM
calvintaneng https://koonyewyin.com/2014/03/06/palm-oil-price-trend/
30/10/2020 12:00 AM
calvintaneng https://koonyewyin.com/2014/06/21/453/
30/10/2020 12:00 AM
calvintaneng https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-10-story-h1534582167-TOP_10_REASONS_WHY_PALM_OIL_STOCKS_MIGHT_GO_UP_IN_A_POWERFUL_BULL_RUN_C.jsp
30/10/2020 12:03 AM
Foker Calvin you dumb or what?
30/10/2020 2:25 AM
Foker Palm oil land not prime land ok? Simply throw one stone at any property counter you can easily get undervalued land worth 100 times more than jaya.
30/10/2020 2:27 AM
calvintaneng No Foker

Calvin did not mention the word "prime land" if you will read more carefully without passing careless remark.

Check and double check carefully

I only mention that the planted trees are now having the average age of 11 years

11 years for palm oil is peak production time when it produces the maximum amount of fresh fruit

Just like man his most productive age is from 25 to 55 when he is at his prime, not when he is 12 years old
30/10/2020 6:15 AM
calvintaneng Excellent result from Chinteck plantation

It has doubled its profits!!

Chinteck superb perfomance signals the start of multi year profit growth for all plantation stocks
30/10/2020 10:07 PM
calvintaneng Chinteck plantation exceptional result reports from June, July and August 2020 and yet profits up by more than 100% from 7 sen to 15 sen

At 15 sen annualized profit should be 60 sen

If we give Chinteck a P/E 30 then price will be Rm18.00

If P/E 20 then Rm12.00

If P/E 15 then Rm9.00

Chinteck looks like a good bargain now
31/10/2020 12:49 AM
calvintaneng Chinteck result only reported till August when cpo prices still around Rm2.600 to Rm2700 region

In September Cpo rose again to Rm2800 and Rm2900

So Jtiasa result will even excel that of Chinteck as Cpo prices surged more just like how glove prices surged

And in October Cpo reached Rm3000 to Rm3150 region so Feb 2021 will be more spectacular

Will Jtiasa result skyrocket in earnings like Supermax ???

Yet to be seen

But exciting times are soon returning to palm oil stocks

All the signs are appearing to confirm the bull trend in formation
31/10/2020 12:56 AM
Mikecyc FY20 ended June audited annual report :


Revenue :

CPO / Kernel/ Fruit 508,651,000 : 72.47 %

Timber / Plywood 192,887,000 : 27.01 %

Others 345,000 : 0.52 %

Total 701,883,009


Loss = ( RM 73.5 million )


FY19 : Loss = ( RM 275.7 million )

FY18 : Loss = ( RM 26.8 million )
31/10/2020 10:45 AM
Mikecyc Haha Timber/ Plywood is old business but FMC is targeted to achieve on 2022 , ie State Governent dateline ... seems is not much attention on this certification .. export will have constraint ...

Oh how is Logging/ Timber permits ? WTK permits is going expired on 2020 and 2021 ... same same ke ...27.01 % revenue in FY20 .. will be ?% in FY21 ...
31/10/2020 10:47 AM
Mikecyc Haha Oil palm plantations started ard 2009 is obtained MSPO ... is not RSPO as is obtained by Sime Darby which will have competition advantage to export to Europe ..
31/10/2020 10:48 AM
Mikecyc Haha do you believe SGS said October exports is down ?

See :
Malaysian Sustainable Palm Oil (MSPO) Certification | SGS Malaysia
Certification applies to a wide variety of industries, such as food processing, chemicals and biofuels. Why choose MSPO certification from SGS?



MTCS-PEFC Forest Management Certification (FMC) | SGS Malaysia
MTCS-PEFC FMC audits conducted by SGS are third party audits of the forest management practices employed in a ...

-------

Intertek said palm oil exports fell 8.5% in October to 1.35 million tonnes compared to 1.47 million tonnes in September.

SGS said in another report that exports fell 12% to 1.31 million tonnes in October compared to 1.49 million tonnes in September.
31/10/2020 10:48 AM
Mikecyc Referred to FY20 audited annual report:

a) Financial assets

Trade and other receivables 36,362,000

Cash and bank balances 13,276,000


total = 49,638,000

b) Financial liabilities

Loans and borrowings 802,160,000

571,318,000+ 230,842,000

Trade and other payables 188,213,000

Lease liabilities -

total = 990,373,000


a) - b ) = ( 940,735,000 )


1.) Financial Assets - Financial Liabilities =( RM 940.735 million ).

2.) A hidden risk on Payables - Receivables = 188,213,000 - 36,362,000 = RM 151.851 million .

FY21 Q1 ended September'20 will be incur High Loss ke !!!!
31/10/2020 10:49 AM
Mikecyc # Audited FY20 annual report :

Administration Expenses = 30.885 million

Finance Cost = 52.336 million

Cash n bank balances = 13.276 million

As usual any cash shortage will be from Bank Overdraft ...

# Haha impairment is highlighted by independant auditors on PPE is not functional or in Loss ...

Why ah ? FY19 : Loss = ( RM 275.7 million )
31/10/2020 10:51 AM
Mikecyc Fruit Bunches Revenue P/ Loss
FY21 Q1 326,209 by Nov ?
FY20 Q4 238,549 139.26 M (36.11 M)
FY20 Q3 173,388 144.59 M (45.92 M)
FY20 Q2 273,559 186.91 M (7.26 M )
FY20 Q1 425,801 232.53 M 15.77 M

# FY21 Q1 is short of 99,592 tons Fruit Bunches compared to FY20 Q1 , ( 23.4 % ).


>> Haha no wander analyst said " Neutral " ..

----
FY21 Q1 is short of 99,592 tons Fruit Bunches compared to FY20 Q1 , ( 23.4 % ).


Haha Taking FY21 Q1 CPO average price is RM 2753 ...FY20 Q1 is RM 2014 .. Difference of 26.8 %
31/10/2020 10:53 AM
jackfruit Calvin you pick another badly manage company.
31/10/2020 12:16 PM
calvintaneng Jackfruit

I am not the only one who picked Jtiasa

I now in Spore

Spore Biggest Bank is DBS

And DBS top fund managers are in

Top 12

Top 20

Of Jtiasa

Also Pheim Boss Dr Tan Chong Koay is living in Spore

Epf outsourced it's money to Pheim
And out of 30 palm oil stocks he picked Jtiasa

Multimillionaire Dr Neoh Soon Kean also own 2.37 million Jtiasa shares

So jackfruit

You should check and study more carefully before just simply giving your opinion
31/10/2020 6:55 PM
KAQ4468 Kasi hantam Bplant la
31/10/2020 7:03 PM
Mikecyc # Boustead Plantations

75,000 hectare x 2.471 = 185,325 acres

FY14 to FY19 average revenue =3961.7/6 = 660.28 million

> 1 acre generate RM 3,562.82

# MHC :

Plantations = 33,000 acres


FY14 to FY19 average revenue =2001.4/6 = 333.57 million

> 1 acre generate RM 10,108.18
31/10/2020 9:09 PM
Mikecyc # Boustead Plantations

Refer to FY20 Q2 ended June :


a) Financial assets

Trade and other receivables 90,382,000

Cash and bank balances 48,842,000


total = 139,224,000

b) Financial liabilities

Loans and borrowings 1,361,756,000

Trade and other payables 90,882,000

Lease liabilities --

total = 1,452,638,000


a) - b ) = ( 1,313,414,000 )

Haha no wander article said intend to sell parcel of land ..
31/10/2020 9:10 PM
Mikecyc Haha EPF has been selling shares since 2005 ...to be ceased of substantial shareholder on 4/12/2006 .

Only holding 0.0066 % as at 30/9/2019 .

04 Dec 2006 JTIASA Notice of Person Ceasing (29C) - Employees Provident Fund Board
01/11/2020 5:09 AM
Mikecyc Haha con artist is master in twisting facts to lure people to buy ..
01/11/2020 5:12 AM
Mikecyc HaHa DBS shareholding is 0.02 % as at 30/9/2019 ...

Dimensional --- 0.0054 %

DFA ---- 0.005 %
01/11/2020 5:20 AM
Mikecyc Haha Callvin is multimillionAir also , posted Gain 7 figures in 2019 ... sold 10 houses to buy Netx ... tis time is sold how many houses ? MultimillionAir ..
01/11/2020 5:25 AM
calvintaneng Yeeeeeehaaaaa!!!!
03/11/2020 5:24 PM
calvintaneng Wahaha

Supersonic time coming !!!
04/11/2020 12:24 PM
calvintaneng The Giant awakes

Arise and shine!!

For thy time has come!!!
05/11/2020 3:06 PM
calvintaneng Strong soybean oil will propel cpo price leading to strong bullrun in palm oil shares like jtiasa and Fgv
13/11/2020 7:03 AM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

529  557  546  538 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 KANGER 0.185+0.005 
 AT 0.200.00 
 BINTAI 0.795+0.10 
 KGROUP 0.060.00 
 MTRONIC 0.115+0.005 
 ASIABIO-OR 0.015+0.005 
 IRIS 0.36+0.005 
 VIVOCOM 1.01+0.205 
 FINTEC 0.105+0.01 
 SOLUTN 1.27+0.15 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS