The Auditors qualified Subur Tiasa’s 2021 annual accounts. In their opinion Subur Tiasa’s current liability exceeded current assets which had created doubts if the company could function properly. For my long business experience, I have been borrowing as much money as I could to do more business to make more money. I still can remember, in 1967 when I founded Mudajaya Construction I could not borrow money from the Bank because the Bank did not accept moving assets, such as Bull Dozers, Trucks and Cranes as collaterals.
As a result, many investors with limited accounting knowledge have been dumping their Subur Tiasa holdings to buy Jaya Tiasa.
To make the situation worse, Subur Tiasa wanted to change its financial year to end in December instead of July. As a result, its latest 16.15 sen EPS was for 2 months while Jaya Tiasa’s latest 5.28 sen EPS was for 3 months. Subur’s current market capitalisation is Rm 493 million and Jaya Tiasa’s market capitalisation is Rm 1,100.
For comparison of Subur Tiasa’s 16.15 EPS for 2 months with Jaya Tiasa’s 5.28 sen for 3 months divided by each of their market capitalisation.
16.15 sen ÷ 493 = 0.033
5.28 sen ÷ 1,100 = 0.005
Another way to compare is to consider their actual FFB production in the last 3 months.
Based on the 2 ways of comparisons, it is much better to sell Jaya Tiasa to buy Subur Tiasa.
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Don't know whether to laugh, cry or howl at this sorry ass article. Karma can bite back any time in your life. Seems conman Koon is determined to display his senility time and again with horrendous stock recommendations.
2022-04-29 08:49
Most importantly got integrity problem as their management cannot be trusted mah!
Go & buy cleaner, better manage and dividend paying plantation much better & safer
Posted by qqq3333 > 6 minutes ago | Report Abuse
subur and Jtiasa are second and third rate companies. Both also no use.
2022-04-29 10:00
Bursa is a strange creature. The herd instinct runs deep in this creature and a stampede into penny stocks can be triggered by smart syndicates when the time is right. Manipulation is the trigger and greed is the fuel for small investors to pile into these penny stocks.
2022-04-29 11:27
What is the difference between the ayam jantan and ayam betina?
Ayam jantan - it won't cause any disorder in your barn, if you don't feed it and becoming even very hungry. It will stay quiet, move a few more steps and the most it will drop dead on the floor.
But, the ayam betina - it will cause havoc if we won't feed it (them). The hens will cause damages when flipping their wings noisily and uncontrollably.
Our bodies are like the hens, need to eat and can be noisy when looking for food.
But, our souls should be like the cockerels, remained clam and quiet even at time of challenges/unsured with share/counter to buy.
I think Subur is better when comparing to JT. Checked these Balance Sheet.
2022-04-29 11:59
DO YOU KNOW WHO ELSE HAS PLANTATIONS ?
GENTING (3182) !
AN WHILE PLANTATION STOCKS HAVE RUN UP, GENTING IS STILL CHEAP (NTA=RM8.26) !
GENTING (3182) WELCOMES ALL TO THE NUMBAWAN TOP PICK SHURE WIN STOCK IN 2022 THE YEAR OF THE TIGER THE KING OF THE MOUNTAIN
2022-04-29 15:16
don't get excited , almost half of genting plantation is located in Indonesia, under heavy tax, ban export.
2022-04-29 15:59
in Jtiasa top 30 is Great Master Champion Sifu Dr Neoh Soon Kean
he also in top 30 of Thplant and SOP
all are good choices
2022-04-29 16:36
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. The eps will reflect the true value 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.
2022-05-03 17:11
Thank you for sharing this great article. https://km888b.net hopes you will have many more articles for everyone to read.
2022-05-04 00:21
calvintaneng
Post removed.Why?
2022-04-28 22:19