南洋行家论股
上升股:常成控股 阻力RM1.32

Tan KW

Publish date: Thu, 24 Oct 2024, 06:14 AM

常成控股（JTIASA，4383，主板种植股）的日线图，在10月23日闭市时报收1.22令吉，按日涨7.0仙或6.09%。股价近期出现反弹及呈现旗帜形态的突破。日线相对强度指数（RSI） 处于67.01水平。股价或在短期继续上探1.28至1.32令吉的阻力水平，支撑位置处于1.16至1.19令吉。

Haha ya lo recalled ppl said big cannon Conartist Callvin was a Real Estate agent … Stockraider introduced him to i3 from investla…the partner in Netx wayang .., now loss naked until MIA oredi !

Haha seems Konartist sslleee accommodation really did not had a mirror… called Jaks CEO is a donkey … btw his 1st win n only win in Insas WC RM 250,000 since investing from 2016 to 2023 is a Lie .. twisting with lie by lie … just karma lo .. a Konartist donkey bray !🤣🤣🤣

Sslleee kon friends wow , as he said be careful choosing yr friend … The house of Konartist Sslleee 🐍 Kon gang :


1) konartist sslleee aka / partners : Probability aka Victor Yong aka Good123 ..in Tunepro, Netx , Hengyuan n Petronm.



2) Kon Ularsawa 🐍 🪱 aka Ori id Dragonslayer ( is ban permanently ) : Sslleee paid To be Hired Macai …in Netx n Insas



3) Attention Seeker pokkai kon Stingray ( Kon Ularsawa 1st Sifutt ) Sleeping beauty loss naked until hibernated more than 5 years ..Kacukan Tippu gang ..


3.b ) Tin Kosong Pokkai KonpetHuangbk7 : Sleeping Beauty loss naked until hibernated more than 7 years …used similar id/abusive id to post abusive n unethical contents !


4) Koni3lurkker aka Balian , promoted SCIB halfway changed name . ( Sslleee promoting partner in SCIB ).


👉 Posted by Bruce_Wayne > week ago | Report Abuse

PearlWhite, 

Wanna play? 


I.Am.PSAi3Alert. 

in Bplant …Twisting Jtiasa figures is Bplant figures ! And in Jaks with Sslleee n KonpetHuang .

—

5) kon Stockraider aka Gohku in Netx , Insas , Bjcorp .

2.) Why TSH FY21 Top 3 n Top 4 substantial shareholders Top 3 Tunas with 4.92 % n Top 4 Embun Yakin with 4.88 % disposed the shares during 2022 price Uptrend to above RM 1.80 ?

3.) Why TSH following Principle Officers Resigned:

>Resignation of Principal Officer : 


A) ED Tan resigned on June 2022 


B ) Ex CFO resigned on June 2022 


C) CFO Tan whom is appointed on June resigned on 4/8/2022 ….


D) New CFO Fong resigned on 1/9/2024


E) Group MD Tan resigned on 1/9/2024


Haha this is some of Conartist Callvin Lies : 

1) Said Gain 7 figure on 2019 ..

Why So Pokkai until No Money to buy Ticket on Board a Cruise Ship holiday to Thailand on December 2019 , telling Lies that on Board to promote Netx …..

2.) If 2019 n 2020 stock listing is in Gain .. why that day is so emotional n desperate replied my call that happily retired ( FortuneBlooming is posting at the same time remind you Admin will not allow to post Religious materials ) … Ran Road for 3 months from December 2020 …

Haha why ah .. big cannon Conartist :

3.) Frequently said Win Win Win with cost 1 sen in Promoting Netx from September 2019 to December 2020 …but said in TSH on August 2022 that actually is Loss in Netx .. what a Liar …


4.) Said here editor, here remisier , here ppl are Bodo during Promoting Netx …

Haha Kon Fox aka Demusang aka 123theman aka Musang King aka musangfoxking ke …now JJPTR ke

1st Lies :


Haha wow Konartist Sslleee is an “ Attention Seeker “ .., approached me 1st in Netx on 2020 telling Lies replied my post which directed to Konstockraider to bail out Stockraider on Insas-WB whom play wayang in Insas-WB forum with Calvin whom invested RM 5000 …


Then Konartist Sslleee said Raider Win 1 Myvi in Netx RI .. Raider said Win 2 Myvi… both blowing bla bla bla clon the Wayang Script on Insas-PB and WC …

After Konartist Sslleee posted in Netx , his Kon gang in Tunepro, Hengyuan, Petronm started to promote Netx … will post n delete own posts …..beware .

—-


Conartist Calvin n kon Stockraider had been Promoted Netx ( 1 of 46 kon stocks ) since 4Q 2019 until early 2021 ..

2nd V.P Case Study in PA on 2021 with 2 objectives : 



👉 a) To share n learn Investment knowledge n skills as Newbie n ikanbilis. 



👉 b ) To Exposé kon man n actor… 

No Respect on Kon n Actor ..

Haha really laugh live me lo…as usual Konartist sslleee like to twisting by recycled my facts n figures and words..

I am calling him half past 6 Guru after he owned claimed FA n TA Guru in Yinson :

1.) said going to see 5 waves but didn’t know the waves name is EW .

Konartist sslleee shouting Waves 2 is coming so happily, thinking that is going Up trend but instead Waves 2 is going Downtrend!🤔


2.) even did not understand Labour Expenses n Capex ..

3.) What is Current Ratio ? ( to gauge working capital ratio within a year ）.

4.) What is Corporate Structure ? ( To understand the Corporate group of companies, including subsidiary n associates… and to plan corporate taxes ) .

5.) The latest one is not understand on ROIC ?

Haha Jtiasa amount is almost same like Insas other operating expenses ( some more did not had corporate structure, Konartist did not understand just bla bla bla shown his dumbbasx !🤣🤔


Posted by Mikecyc > 58 minutes ago | Report Abuse

Posted by Mikecyc > 1 hour ago | Report Abuse

Posted by Mikecyc > 13 minutes ago | Report Abuse

Total Asset is reduced by RM 427 million over 5 years ?😱😱😱

Haha looks like someone accommodation didn’t had mirror!🤣🤔

Haha or u referring to Jtiasa ? As TDM plantation is an eg …. During New Auditor on 2019 .. rectified Mis-location issues .. 2019 incurred Huge Loss , rectified 2018 from Profit to Loss !😱🤔…

In plantation industry le … scary le !

Haha why so high ? and cannot be reversal !

Insas : Other Operating Expenses

FY 2019 : RM 61,457,000

FY 2020 : RM 101,270,000

FY2021 : RM 123,419,000

FY2022 : RM 137,009,000

FY2023 : RM 73,144,000


Total = RM 496,299,000


( Note : M&A RTO listing on 30/6/2023 )

Haha konartist sslleee why Insas so cash Rich but issued 2 times RI , total ard RM 320 million to pay bridging loans ? Same as Jaks issued 2 Times RI … but Jaks the 1st RI only in WB to prevent Take Over intention!

Haha you r pointing to Yinson ke per a news article concerning the Financial Reporting !!

Haha still twisting big cannon Conartist Callvin.. so many Pricinple Officers resigned oredi …

During Big Cannon blowing in Jtiasa how high of Fcpo … but didn’t know the Peak season n Low season of Production Output.. the result is per I am expected… then he MIA lo !🤣

Haha a Konartist even telling Lie by Lie in his 1st Win n Only Win since investing from 2016 to 2023 … owned claimed Half past 6 FA n TA Guru !🤣🤣🤣🤔

Posted by Mikecyc > 1 hour ago | Report Abuse

Posted by Mikecyc > 13 minutes ago | Report Abuse

Total Asset is reduced by RM 427 million over 5 years ?😱😱😱

Haha konartist sslleee can use yr Kon maths to calculate on Jaks profit from LSS4 50 MW Solar Project in Penang as Asset Owner ( not like Solarvest , mainly on EPC ) :

1.) Profit from Free Hold Land sale ?

2.) Profit from RE Solar sell to TNB with 25 years PPA agreement?

3.) FreeHold Land solar farm in Penang of Asset Appreciation over 25 years ?

>👉 See Another Successful case of Jaks CEO ALP business acumen.


Referred Annual Report FYE2023 , Jaks acquired 30 plots of Free Hold Land in Seberang Perai Penang on 2019 .


Jaks 50 MW LSS4 Project with syndicated Loans RM 220 million, EPCC RM 200 million , is COD on August 2023 .👍


👉 On 9/9/2024 , Jaks disposed 17 plots Free Hold Land in Seberang Perai Penang ,
monetised land in Penang with RM 77.74 million…Net Book Value as at Annual Report FYE2023 is RM 15.97 million…a net pro forma gain of RM50.38 million from the disposal.

Haha why investors not interested in Binacom PP after Hexcap became Major n sent his Uncle into Binacom BOD !😱🤔

Jayatiasa
30/06/2024 30/06/2023
RM'000 RM'000

Net repayment of term loans (153,164) (215,948)
Net cash flows used in financing activities (195,301) (287,106)

>> FY2023 to FY2024 :

Net repayment of term loans (153,164) (215,948)

Total =RM 369,112,000


While Total Asset is Reduced : ??

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )

Posted by Mikecyc > 13 minutes ago | Report Abuse

Total Asset is reduced by RM 427 million over 5 years ?😱😱😱🤔

Haha May to November is Peak Season for Production Output!

Haha what ever Spot price , fcpo price eventually back to Monthly Average Price and you can see Daily Price also !

Haha Repost from Jtiasa :



Haha as for CPO price :

QR ended September compared to QR ended June is expected to be Higher profit due to Production Output!

2024 : Monthly Average Price ( RM / Ton ) :

January: 3783.5
February: 3949.5
March: 4215.5

April. : 4257.0
May : 3902.5
June : 3957.5

July. : 4034.0
August : 3910.5
September: 4023.5

October : 4387.5

Total Asset is reduced by RM 427 million over 5 years ?😱😱😱🤔

Posted by Mikecyc > 1 hour ago | Report Abuse

Haha still twisting le :

Posted by Mikecyc > 29 minutes ago | Report Abuse

Haha promoter cannot answer ke , twisting n diverting ke !😱


Haha konartist sslleee where is all Jtiasa profit / FCF gone ??? Total Asset is reduced by RM 427 million over 5 years ?😱😱😱🤔

Haha see this Konartist sslleee Kon tricks.. then he posted in other forums that I am promoting Jaks in other forums:

Posted by Sslee > 1 hour ago | Report Abuse

Repost from jayatiasa
Aiyoyo Mike-tikus can't read financial report, cut and paste financial data from pasar malam source without understand it, his pasar malam TA told him jaks 18 floor is ground floor and he bought from 18 to 24 and trapped himself high high and need to go every forum to promote jaks with his half past six facts and figures 24/7/365 non stop for a year and half now to no avail.

Haha promoter Konartist sslleee don’t twist n diverting to Jaks lo … focus on Jtiasa facts n figures… but not yr Kon maths n half past 6 facts n figures lo !😱🤔

Palm oil planting area vs Production Output in MT :


👉Jtiasa :

Planted Area : 69,589 hectares

FY2023 FFB : 943,924 MT

FY23 yield per prime mature / hectare = 18.64 MT / hectare


( 943,924 / 69,589 = 13.56 , old tree ? 🌴)



👉TSH :

Planted Area : 39,000 hectares

FY2023 FFB : 905,437 MT

FY23 yield per prime mature / hectare = 24.1 MT / hectare

( 905437/ 39000 = 23.33 )


Note :

👉TSH : change in Principle Officer :

> Resignation of Principal Officer : 

A) ED Tan resigned on June 2022 



B ) Ex CFO resigned on June 2022 



C) CFO Tan whom is appointed on June resigned on 4/8/2022 ….


D) New CFO Fong resigned on 1/9/2024


E) Group MD Tan resigned on 1/9/2024



👉Kimloong :

Planted Area : 16,263 hectares

FY2024 FFB : 329,587 MT

FY2024 yield per prime mature / hectare = 21.69 MT / hectare


( 329587 / 16263= 20.27 )

—-

Haha alamak No figures in Replanting ke???

Posted by Mikecyc > 46 minutes ago | Report Abuse

Jtiasa


Total Assets is reduced:

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )

Posted by Sslee > 9 minutes ago | Report Abuse

Repost: But sadly Mike-tikus can't understand.

Explanatory notes pursuant to MFRS 134 and Appendix 9B of the Listing Requirements
1 Accounting Policies and Basis of Preparation
a) Transition from FRS to MFRS
As previously reported: Effect on transition to MFRS :Restated
RM'000 RM'000 RM'000
As at 30.06.2018


👉 As at 30.06.2018 ??!

2019 : RM 2406 million

No wander is a Konartist le !!🤣🤣🤣🤔

Posted by Mikecyc > 46 minutes ago | Report Abuse

Jtiasa


Total Assets is reduced:

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )

Posted by Sslee > 9 minutes ago | Report Abuse

Repost: But sadly Mike-tikus can't understand.

Explanatory notes pursuant to MFRS 134 and Appendix 9B of the Listing Requirements
1 Accounting Policies and Basis of Preparation
a) Transition from FRS to MFRS
As previously reported: Effect on transition to MFRS :Restated
RM'000 RM'000 RM'000
As at 30.06.2018


👉 As at 30.06.2018 ??!

2019 : RM 2406 million

No wander is a Konartist le !!🤣🤣🤣🤔

Haha konartist sslleee repeatedly twisting n diverting to Jaks but not answering on Jtiasa ?

Haha so keep blowing on Profit la , FCF la but why Total Assets is Reduced?😱🤣

Haha still twisting le :

Posted by Mikecyc > 29 minutes ago | Report Abuse

Haha promoter cannot answer ke , twisting n diverting ke !😱


Haha konartist sslleee where is all Jtiasa profit / FCF gone ??? Total Asset is reduced by RM 427 million over 5 years ?😱😱😱🤔

Haha To be Sell or Not to be Sell le ????🤔

Haha oredi asked this Question since yesterday le … still cannot answer ke Konartist sslleee ? 🤣🤣🤣🤔

Haha promoter cannot answer ke , twisting n diverting ke !😱


Haha konartist sslleee where is all Jtiasa profit / FCF gone ??? Total Asset is reduced by RM 427 million over 5 years ?😱😱😱🤔

Haha konartist sslleee where is all Jtiasa profit / FCF gone ??? Total Asset is reduced by RM 427 million over 5 years ?😱😱😱🤔

Haha konartist sslleee where is all Jtiasa profit / FCF gone ??? Total Asset is reduced by RM 427 million over 5 years ?😱😱😱🤔

Jtiasa


Total Assets is reduced:

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )



>> Referred to QR ended June 2024 :


a) Financial assets

Trade and other receivables 42,883,000

Cash n balances/ equivalents 283,037,000


total = 325,920,000


b) Financial liabilities

Loans and borrowings 194,229,000


Trade and other payables 84,278,000

Lease liabilities -

total = 278,507,000


a) - b ) = 47,413,000







——-

Referred to QR ended March 2024 :


a) Financial assets

Trade and other receivables 54,876,000

Cash and bank balances 270,371,000


total = 325,347,000


b) Financial liabilities

Loans and borrowings 242,160,000


Trade and other payables 81,569,000

Lease liabilities -

total = 323,729,000


a) - b ) = 1,618,000

Haha Jaks intends to disposed Evolve Mall on 2016 to finance Pacific Star project with Gross Development Value of RM1.08 billion ..

Just a Turning point / time for Jaks as the Vietnam Power plant 1200 MW project is finally started construction on 2016 ( the BOT 25 years contract is dragged since 2011 ) ..

Then issued PP for fund raising..

Haha konartist sslleee calm down n be patient, same as in investing:

After Jaks CEO ALP had successfully steered the company diversified into Vietnam Power Plant 1200 MW , EPCC RM 8.7 billion ( stock MOAT of Jaks ) n RE solar industry…

>👉 See Another Successful case of CEO ALP business acumen.


Referred Annual Report FYE2023 , Jaks acquired 30 plots of Free Hold Land in Seberang Perai Penang on 2019 .


Jaks 50 MW LSS4 Project with syndicated Loans RM 220 million, EPCC RM 200 million , is COD on August 2023 .👍


👉 On 9/9/2024 , Jaks disposed 17 plots Free Hold Land in Seberang Perai Penang ,
monetised land in Penang with RM 77.74 million…Net Book Value as at Annual Report FYE2023 is RM 15.97 million…a net pro forma gain of RM50.38 million from the disposal.

—-


——

Copied partially from Konartist sslleee post :

ALP already talk for so many donkey years to sell Evolve mall but no buyer.

1st half 2024 property investment to date already lose RM 19,350,000.
2nd half 2024 how many more millions contruction and property investment will lose?

Haha Repost from Jtiasa :



Haha no worries if investors still interested on PP fund raising …

As posted earlier:

Jaks 51 % : CPECC 49 % submitted tender 200 MW , EPCC is estimated RM 800 million ( although a newspaper had published it ) :

Jaks 51 % : RM 800 million x 0.51 = RM 408 million.

As referring to Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion:

Equity 25 % , Loans 75 % .

An illustration:

Equity 25 % : 800 x 0.25 x 0.51 = RM 102 million

> EPC contract on Solar Farm construction: 800 x 0.3 x 0.2 ( profit ) = RM 48 million.

102 million- 48 million = RM 54 million can be opt from :

1.) > Accumulated Profit :
March 2016 = 55,453,000 … > June 2024 = 369,116,000 .

Or

2.) Jaks non current asset :

Investment in Joint Venture:

> June 2024 = 943 ,960,000

On 75 % Loans , all parties had learned from LSS4 Tender .. need time for syndicated Loans esp on Green Loans ( lower interest rate ) .

> Jaks Gearing Ratio :

2QR ended June 2024 :

Gearing Ratio = 0.303X


—-

Posted by Sslee > ago | Report Abuse

Mike-tikus isn't it a fact jaks do not have money to take on any more project.
How sure are you on jaks getting LSS5 and how jaks going to finance it?
Unless jaks asking more money from investors or shareholders with PP or RI.

Haha konartist sslleee I am still waiting Jaks PP on CGPP 30 MW project le … Solarvest oredi done PP on its CGPP project recently, RM 56 million but only able to fund RM 28 million! How Jaks going to finance the project? TNB oredi announced TPA mulling charges on 24/8/2024 n CRESS is implemented on September 2024 after 1 month final discussions… Solar farm is expected to be start construction by end 2024 le !😱🤔

Haha oh as I knew personally one of ⭐️ ex ceo !

Haha this round LSS5 2000 MW Solar why Energy Commission (EC) so hardworking le … as even YTLpower PowerSeraya had signed Trial run with TNB to export / import to Singapore on 100 MW Solar RE … still is not Jalan yet !


3.) Power Generators :

Haha is this YTLpower Plant going to be Phase Out by 2027 .… 1987 to 2023 = 36+

👉. Pulau Seraya Steam Turbine Power Plant

The Pulau Seraya Steam Turbine Power Plant thermal project with a capacity of 1,448MW came online in 1987. YTL PowerSeraya have the equity stakes in the project. It is located in South West, Singapore.


👉What is the service life of power plant?


👉Thermal power plants are designed for an economic lifetime of 30 to 40 years, but some plants have been also used beyond their design life in certain areas. The critical components are the boiler and the turbine.


And :


👉Pulau Seraya Combined Cycle Power Plant

The Pulau Seraya Combined Cycle Power Plant is a 1,472MW thermal project. YTL PowerSeraya owns the project. It was commissioned in 2002. It is located in South West, Singapore.


👉25 to 30 years is a typical expected operating life for a combined-cycle power plant. Extensive maintenance work, component replacements, or failures in the plant's first decade of operation can often be tied to issues with its original engineering, procurement, or construction work.

👉👉2002 to 2023 is 22 years .. Shl be phase out by 2026 to 2031 …