Koon Yew Yin's Blog
Jaya Tiasa is most undervalued - Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 13 Apr 2022, 10:24 AM
Koon Yew Yin
0 1,453
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
The 2 charts below are showing the slowdown in new planting throughout Indonesia and Malaysia due to land shortage since 2015. With the aging palm tree profile across both countries, the replanting programme will also temporarily limit palm oil supply in the short to medium term. As a result, CPO price started to go up about 2 years ago to hit historical high as shown on the chart below.
CPO price chart
As agricultural land becomes limited, oil palm replanting is key to boosting palm oil yield across Indonesia and Malaysia. It is important replant to sustain supply because Indonesia and Malaysia produce about 85% of the world’s palm oil need.
Due to land shortage, plantation companies with larger planted acreage is a very important consideration for investors. The table below shows Jaya Tiasa is the most undervalued.
|
Name |
Price Rm |
Market cap Million Rm |
Planted hectares |
Market cap ÷Ha |
|
|
JayaTiasa |
1.11 |
1,081 |
70,000 |
15.4 |
|
|
Sarawak Pl |
2.87 |
804 |
35,000 |
23.0 |
|
|
Boustead |
1.10 |
2,464 |
75,000 |
32.8 |
|
|
Cepatwawa |
1.17 |
373 |
10,000 |
37.8 |
|
|
SOP |
6.20 |
3,580 |
88,000 |
40.6 |
|
|
Ta Ann |
5.94 |
2,642 |
50,000 |
52.8 |
|
|
Hap Seng |
3.05 |
2,440 |
35,000 |
69.7 |
|
Jaya Tiasa price chart below:
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| Chart | Stock Name | Last | Change | Volume |
|---|
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Discussions
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Should mention that Market cap ÷ Ha = Land Value per Hectare (RM ,000)
A year ago palm oil land was about RM60,000 but i am not sure about the valuation now.
2022-04-13 12:31
In 2009, sold my Oil Palm land, 8 years old, Tenera variety, at Geddes Estate, Bahau , besides Agric Road, for Rm40000/ acre. At that time CPO was at 3k/ ton. Thus price per Ha, x 2.471, equals 100k/ Ha. I believe other factors play a part , like forward sales, borrowings, productivity of mature areas, management quality, segment of profit due to Oil Palm, dividend policy, etc. That is why TaAnn, Inno net profit margin is higher than others as it has no borrowings. Subur Tiasa has borrowings and not 100% Oil Palm. If you notice, as Calvin says - IOI Corp has not moved much due to PNB selling tho it has upstream and downstream investments. Another share is SHChan which at this time of high CPO price, its price fell, probably as Smart Money collecting before it goes higher. In 1993, SHChan touches more than RM20.
2022-04-13 14:30
Why not FGV the most undervalued? KYY old and nyanyuk? Earlier said TDM, TecGuan, Subur and latest become J Tiasa.
2022-04-13 15:02
If like Tiong Hiew King counters(JTiasa, Subur among them) MediaC the cheapest.
2022-04-13 15:07
no one put hectar and divide like that only. amateur.. you need to see the productions.. lately covid many foreign worker cannot come in. not all the hectar running.
2022-04-13 15:36
Few days later KYY May write ‘JT is useless’ or recommend another plantation stocks
2022-04-13 17:43
Jtiasa is ok
At its previous bull run years jtiasa reached Rm3.35 high
See if jtiasa will at least reach Rm3.00 by end 2022
Just buy and hold tight then see
2022-04-13 20:23
Listen! Listen!!
Avoid tdm
Avoid tecguan
Avoid Subur
All in Jaya Tiasa = Giant Treasure
Rm3.00 target price possible
2022-04-14 07:10
Swk Plantation(ranked 2nd in KYY market cap/ha) although not cheap in price but far cheaper than same group Ta Ann paid 20 sen dividend for 2021 at CPO lower price. Current CPO still >RM 6K/tonne 20 sen dividend is likely to maintain if not more given.
2022-04-14 14:55
FGV latest QR EPS 12.75 sen also need to give consideration. Annualised EPS 51 sen PE only 3.9 at RM 2.
2022-04-14 15:02
Timing of this blog is questionable, why not posted it when JTIASA below 0.95?
2022-04-14 15:17
KYY plantation hectarage coverage not extensive. Why leave out stocks like FGV with over >400,000 hectare of CPO land?
2022-04-14 15:18
uncle ... can you please stop posting anything ahhh... u spoil our rice bowl lah!! The moment u post Jtiasa drop !!
2022-04-14 16:42
First TDM then Jayatisa then Subur now this Jayatisa again ?? Please take a hike uncle
2022-04-14 17:42
8888_
FGV is a special case, most of the land owned by Felda, FGV has to pay fixed amount and profit sharing to Felda.
2022-04-15 08:32
Waiting for next Article, SUBUR is the ULTIMATE WINNER of the CPO Rally!! haha
2022-04-17 11:20
Kyy said Jaya Tiasa was undervalue at Rm2.60
now he said Jaya Tiasa at 60 plus sen no good
listen listen listen
when Kyy promoted Jtiasa at Rm2.60 he was selling
now when he no longer say buy you can safely buy Jtiasa
2023-02-13 13:35
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the other day u day Subur. now u say Jtiasa. keliru lah
2022-04-13 10:56