Texchem announcement fail to justify for the high price by comparing with peers valuation

28% of Sushi King for 102 mil is equivalent to paying 3 mil for each Sushi King outlet. Given Sushi King mediocre sales, it is much cheaper for texchem to open new outlets instead of buying up the 28% stake.

How can Oriental be a value trap when it has an expanding plantation and medical businesses apart from their profitable automative, plastic and quality property portfolios which are expected to recover post MCO. The term value trap is used loosely without understanding what it really means.

A company in cyclical business is value trap if caught at the wrong end of the cycle not a company that cobsistently delivers value with increasing dividend

While I agree with the potential spike of plantation stocks, I do find Calvin sometimes contradicts himself to justify the company he favours.

Why Oriental Holding

With net cash position of 4.50 per share, you are getting Oriental's 40k hectares oil palm plantation for free. Not to mention others profitable business ventures and its impressive portfolio of overseas assets.

Increasing dividend yield. Expecting 5%. Last quarter paid 10c despite direct impact on its automotive and hospitality industry. Expect higher dividend payment for quater ending december 2021

Down to earth but sure win business strateges focusing organic growth based on Oriental's business growth history

Based on its historical share price movement, target price of 6.50 to 7.00 is easily within reach in the next 6 months

Not a multi bagger but a good hedge against inflation and a long term investment

With close to a bil in its bank account, Insas will buy back Inari sold earlier if its when it falls back to its fair value. No one knows better than Insas,

On the contrary, depreciation of ringgit will boost export sales. Companies revenue including Dksh declined due to MCO restrictions

Barring further MCO, fitters will deliver a very strong result next quarter with the contnual improvement of its renewable energy business snd resumption of its construction sectors.

Dksh a good company but overpriced. Wait for correction... Same as success transformer, which has corrected

The current quarter maybe below expectation but it is on the right track.

Similar to TSH, JTiasa profit cannot be extrapolated directly from Cpo price movement as it is not a pure oil palm plantation business

Jaya Tiasa business, similar to TSH, is hybrid of oil palm and timber. Interestingly, 80% of Jaya Tiasa Total Liabilities is used to nurture its timber asset with a book value of just 13% of Jtiasa's Total Assets. I guess this the hidden value not appreciated by most of us. I believe Timber asset book value should the worth much more considering the liabilities incurred to nurture the timber business.

Anyway, dont expect good quarter

The seller is selling down all the way... Just wait

Regulators are toothless tiger and being challenged....

FMR Llc, which has 7% stake, could be selling off investment in Malaysia including Success as Malaysia is no longer favoured due to incompetent Govt and high level of corruption

A few mil revenue but share price can goreng up to RM5. Can only happen in Bursaland. Sadly,such companies are promoted in this forum to naive and greedy punters.

The captain of the industry is willing of pay 3.10 for Ijm plantation, which translates into EV/hectare of the planted area of 52k compared to 26K and 18k at current share price for SOP ( did not factor the value of downstream business) and Jaya Tiasa (did not include the 35k hectares of forest plantation) respectively. The EV/hectare is expected to dropped significantly if based on the coming Sept 2021 result.

Intrinsic just like a parrot copy and paste whatever posted by IB. Don't hv to trust or run down Calvin. Do your own research by looking at both the macro and micro levels, and if Calvin is misleading the public or talking nonsense debate over with facts and numbers. Grow up

Lucifer, what's wrong with Calvin sharing? There are some good insights and much better than what I get from IB reports. If you are annoyed,just don't read. Much better than many punters just spamming buy! buy! or sell! sell!

The 10% cut loss approach is for punters and encouraged by stock brokers as it makes good business sense for them. Serious investors would hv who know the business and financial well do not buy and sell on short term price volitility.

Goh,you discredit palm oil without knowing the full facts like a parrot mimicking the wise white protectionist. What a shame. Take some time to read up about the nutritional values of palm oil and understanding how sustainable oil palm will help against Global warming. Try to broaden your knowledge and outlook in life.

Calvin, what makes you that Gem Spot will be like Grab? I have been following Gem Spot but I don't see the wow factor in Gem Spot.

Why I agree with Calvin on JTiasa.

Between the Fye 2012, and 2020, Jtiasa prime and mature oil palm plantation has grown by 85% (from 37,419 to 69,589 hectares) while reafforested area has increased by 37% (from 30818 to 42254 hectares). The number of oil palm mills has also increased from 1 to 4 mills.

The growth of Jtiasa assets was thru internal generated funds as the Bank borrowing and total liablities have declined by 27% (880 mil to 643mil) and 35% (1,232 mil to 803 mil) respectively between Jun 2012 and Jun 2021. There was no need for share placement or right issues.

Despite the general view that Jtiasa assets could be more efficiently managed and poor corporate governance but, the above numbers show that there is so much value created thru internal generated funds for the past decade.

The company is in a enviable position to ride on the commodities boom.

Also, reafforestation is a very strategic investment which has a gestation period of 12 to 15 years. Jtiasa is now at the 10th to 12th year of reafforestation.

And the share price is just a fraction of what it was in 2012.

I don't know about you guys but I am looking forward for share price to drop further so that I can buy more

Agree with Kang's analysis. Jtiasa P&Lnumbers over the years, on the face of it, are simply miserable. However, if you scritinise the cash flow. and the growth in the value of the plantation assets, you will agree with Calvin Jtiasa is a treasure waiting to be discovered. Even in a very bad year in 2019, (with Cpo price at 1,900,) JTiasa registered a net operating cash flow of over 70mil and continued debt repayment.

With strong financial discipline JTiasa debt has declined from around 1 billion to 600mil while at the same time grow the plantation assets. No share placement or right issues but thru cash flow generated from the growing plantation assets. Growing plantation assets as the Jtiasa a lot of capex went into cultivation and building oil palm mills

The timimg can never be better - age oil palm plantation at its prime and Cpo at RM5000.

The enterprise value is only 1.5 Bil while its oil palm plantation asset alone is easily worth over 4 bil.

The time is ripe for JTiasa to reap the fruits of labour over the past decade.

Subject to EGM approval according to circular

MSWG please do your job to scritinise this outright questionable RPT

Since fye 2019 to fye 2021, JTiasa cash flow has been impressive... Borrowing reduced from 950mil to 650mil despite reporting huge losses for fye 2019 and 2020 due to low palm oil price

Thanks for sharing Sslee

https://apps.theedgemarkets.com/article/high-feed-costs-and-lower-prices-have-poultry-players-walking-eggshells

Rising wheat and corn prices will have negative impact on mflour's poultry business due to margin erosion

I am with you... possible if food and venture capital business pillars turnaround