KM Loong have smaller plantation land/assets and thus smaller equity resulting in high ROE

KM Loong make a lot of money from milling as it mill able to collect FFB from surtounding small holders.

Segmental information
Major segments by activity:-
Revenue Results
Year ended Year ended
31/01/2024 31/01/2023 31/01/2024 31/01/2023
RM’000 RM’000 RM’000 RM’000
Plantation operations 234,726 263,954 117,130 145,190
Milling operations 1,493,417 1,866,579 110,737 110,581
1,728,143 2,130,533 227,867 255,771

Repost:
The budgeted FFB production for FYE 30 June 2025 is 1,211,852 MT. So need to apply more fertilizer.

FFB projection:
30-Jun-2022
(Actual)
30-Jun-2023
(Actual)
30-Jun-2024
(Actual)
30-Jun-2025
(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)
0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)
3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)
96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8

Mike-tikus telling lies again and again
Growth stock Yinson
Dividend stock Jtiasa and Pantech

And gruesome stock jaks

Jaya Tiasa to Buy 55% Stake in Wealth Houses Development for MYR52 Million
23-07-05

Question 1: Who is the land owner of this 52,880 hectares rented land at Pulau Bruit, Bruit Land District?

The land owner is the Sarawak gov’t and RH Group.
Plantation
Ha

Wealth Houses Plantation
6,000

Lepah Plantation
5,149

Daro Plantation
11,681

Sawai Plantation
6,050

Lassa Plantation
21,300

Kabang Plantation
2,700

Total 52,880

Monthly fee = FFB production X agreed rate: Question: May I know what is the agreed rate?
Average rate of RM10/mt to RM15/mt

Aiyoyo
Mike-tikus jaks even dispose it LSS4 solar farm land. Soon become landless

Jaks
Current Year Preceding Year
12 Months 12 Months
ended ended
31-Dec-2023 31-Dec-2022
RM'000 RM'000
Cash generated from / (used in) Operating activities (9,604) (73,970)
Interest paid (7,221) (2,573)
Income tax paid (2,638) (4,403)
Net Operating Cash Flow (19,463) (80,946)

Note part of interest payment is state under financing activities:
Cash flows from / (used in) financing activities
Proceeds from issuance of share capital 38,272 711
Interest paid (21,287) (21,813)
Drawdown / (Repayment) of short term borrowings 2,178 (7,225)
Drawdown (Repayment) of lease liabilities 1,163 (228)
Drawdown / (Repayment) of bank term loans (5,354) 132,129
Share issuance expenses (882) -
Net Financing Cash Flow 14,090 103,574

Cash flows from / (used in) investing activities
Purchase of property, plant & equipment and right-of-use (60,640) (140,319)
Interest received 748 1,425
Proceeds from disposal of property, plant & equipment 507 206
Dividend received from Joint Venture company 27,386 70,132
Decrease / (Increase) in deposits pledged 29,578 (4,877)
Addition to investment in Joint Venture company Bank balance held as security values (9) (12) - -
Net Investing Cash Flow (2,430) (73,445)

Looking at Jtiasa
July CPO 20,558MT PK 4,698MT
Aug CPO 25,238 MT PK 5,850 MT
Sept

With favorable CPO and PK price quarter ended 30/9/2024 revenue will be more than RM 300+ million and NCF from operating activities more than RM 100+ million

Good morning 3iii and TQVM for compiling the important financial figures for jtiasa.

Can you do me a favor to compile one for the gruesome company jaks.
Your student Mike day and night 24/7/365 promoting jaks with his misleading information and figures.

Repost from jaks forum:
Jaks as at 30/6/2024
RM'000
Current Liabilities
Bank borrowings 59,894
Bank overdraft 5,877
Non-Current Liabilities
Long Term Borrowings 407,622

So with land disposal cash inflow of RM77.74 million Jaks should have enough cash for repayment of borrowings and working capital for FYE 2024.

After that still need RI or PP till year 2030. Or like Mike-tikus suggest disposal of Evolve mall then again any buyer when Evolve mall is loss making every year.

Has Mike-tikus already learnt the peril of negative operating cash flow?

Jaks as at 30/6/2024
RM'000
Current Liabilities
Bank borrowings 59,894
Bank overdraft 5,877
Non-Current Liabilities
Long Term Borrowings 407,622

So with land disposal cash inflow of RM77.74 million Jaks should have enough cash for repayment of borrowings and working capital for FYE 2024.

After that still need RI or PP till year 2030. Or like Mike-tikus suggest disposal of Evolve mall then again any buyer when Evolve mall is loss making every year.

Has Mike-tikus already learnt the peril of negative operating cash flow?

Jayatiasa now paying dividend two times a year with dividend policy payout of min 20%

Ann. Date
Ex Date
Type
Subject
Amount
30-Aug-2024 13-Sep-2024 DIVIDEND Second Interim Dividend RM 0.0350
29-Feb-2024 14-Mar-2024 DIVIDEND First Interim Dividend RM 0.0250
24-Aug-2023 12-Sep-2023 DIVIDEND Second Interim Dividend RM 0.0170
28-Feb-2023 14-Mar-2023 DIVIDEND First Interim Dividend RM 0.0150

Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long-term growth. However, that will not restrict declaration of dividend of more than 20%. With improvement in financial position and market condition, the dividend payout will increase accordingly

Know how much JAKS Solar Power Sdn Bhd need to pay rental to the new land owners to rent the land for next 24 years for the 50MW solar farm?

LSS4 can't make money and now need to dispose the land for repayment of borrowing

Utilisation of Proceeds
The Company intends to utilise the proceeds from the Proposed Disposal for repayment of
borrowings and working capital purpose.

The Board of Directors of the Company wishes to announce that the Company’s wholly-owned subsidiary, JAKS Solar Power Sdn Bhd (“JSP” or the “Vendor”) had on 9 September 2024 entered into the following Sale and Purchase Agreements (“SPA”) to dispose of 13 pieces of freehold land in District Seberang Perai Selatan, Pulau Pinang, measuring approximately 7,774,423.37 square feet or 178.48 acres (“Property”) to Summersonic Sdn Bhd (“SSB”) and Pacific Arena Sdn Bhd (“PASB”) (collectively referred to as the “Purchasers”) for a total cash consideration of RM77,744,233.71 (“Consideration Sum”) (“the Proposed Disposal”):

(i) SPA with PASB for disposal of four (4) pieces of freehold lands for purchase price of RM35,939,726.12 (“SPA 1”); and
(ii) SPA with SSB for disposal of nine (9) pieces of freehold lands for purchase price of RM41,804,507.59 (“SPA 2”).

Please refer to the attached file for full details of the Proposed Disposal.

This announcement is dated 9 September 2024

He can choose to live like billionaire Tengku Adnan but he choose his own path.

May his soul now RIP

Officially, his wife, Marina Lee Abdullah in a Facebook post confirmed Raja Petra's death was due to a blood infection to his lungs and later his liver.

Unofficially he died a broken man.

It is not the certificate cost per se but the cost on inplementation added up in all the supply chain.

It was Raja Petra who stood alone against the onslaught of dignity and civil liberty. He maintained his Malaysia Today and Maha Zalim websites and wreaked havoc on a great empire. For his deeds, Raja Petra was hounded by the police, His family members were not spared. It is a low blow to use our children against us to silence dissent.

That was the darkest day of the all powerful BN government any dissent will be silent by lock up under ISA and even family members are not spare the harrasment and arrest.

In later day Raja Petra live in exile in UK and had to earn a living as political mercenary and sold his soul to the highest bidder. What a tragic life

RIP Raja Petra.

Jaks ALP is not so smart, over the years he only screwed KYY and many ikan billis unlike Thong is so smart that over the years he screwed so many people even people in a galaxy far, far away.

Insas listed associate companies Inari, Hohup and DFX.
Hohup in financial difficulty.

Omesti is held as fanancial assets at fair value (marked to market value every quarter)

To even ask So you agree all the others are cash negative including jnsas ?

You must be the one the the many people in a galaxy far, far away.

Posted by TheContrarian > Sep 10, 2024 12:16 PM | Report Abuse
Thong is so smart that over the years he screwed so many people even people in a galaxy far, far away.

Will tycoon Tan Sri Syed Mokhtar Albukhary privatise DRBHICOM like what he did to MMC?

My hand very itchy now.

Remember "If you're not at the table, you're on the menu"

No more blog or comments from Genetec A baby step

Ann. Date
Date
Type
Units
Price
06-Sep-2024 09-Sep-2024 ESOS 8,240,400 0.110
17-May-2024 20-May-2024 ESOS 1,520,000 0.110
11-Jan-2024 12-Jan-2024 ESOS 1,300,000 0.110
09-Nov-2023 10-Nov-2023 ESOS 60,000 0.110
19-Oct-2023 20-Oct-2023 ESOS 5,850,000 0.110
12-Oct-2023 13-Oct-2023 ESOS 11,250,000 0.110
27-Jun-2023 28-Jun-2023 ESOS 6,500,000 0.110
01-Jun-2023 02-Jun-2023 ESOS 13,000 0.110
14-Feb-2023 15-Feb-2023 Private Placement 68,196,180 2.610

Insas listed subsidiary is M&A.
Is M&A cash negative and going bust?

By 2 Oct 2024 if icap do not announce any dividend then I will make official complant to Bursa SC to take actions against TTB for violation of Bursa rule and regulation:
Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2)

The innovative dividend policy, which is subject to market and economic conditions and ICAP's value investing investment philosophy, is formulated as follows: a Base Rate of 1% of the NAV per share, plus 8% of the difference between ICAP's share price and NAV. This additional 8% is referred to as the Top-up Rate.
2 Oct 2023

I do not think TSH can match jayatiasa FFB production:
Jayatiasa
FFB projection:
30-Jun-2022
(Actual)
30-Jun-2023
(Actual)
30-Jun-2024
(Actual)
30-Jun-2025
(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)
0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)
3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)
96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8

By the way past record do has its relavant but cannot represent the future.

I give my benefit of doubts to current Jayatiasa management as they had done a great job in generating over RM 360 million cash flow from operating activities that make jayatiasa a net cash company and start to give good dividend.


Cash flow
RM ’000
Current year-to-date 30 Jun 2024
Corresponding year-to-date30 Jun 2023
Net cash generated from
operating activities 360,029 297,188
Net cash used in investing
activities (114,828) (44,406)
Net cash generated from/(used
in) financing activities (195,301) (287,106)
Effect of exchange rate changes 18 184
Cash & cash equivalents at
beginning of financial period 194,204 228,344
Cash & cash equivalents at end of financial period 244,122 194,204

Current Liabilities
Loans and borrowings 57,652 56,314
Non-current Liabilities -
Loans and borrowings 136,577 292,054

I am not saying KMLoong is not a good company with good management. I am just comparing both as value buy as plantation company.

Repost:

Jayatiasa
The budgeted FFB production for FYE 30 June 2025 is 1,211,852 MT.
So which one is value buy jayatiasa Vs Kim Loong

JAYA TIASA HOLDINGS BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
1.04 +0.01 (0.97%) 1.02 - 1.05 1,690,600
Market Cap: 1,013 Million
NOSH: 974 Million
Avg Volume (4 weeks): 1,791,275
4 Weeks Range: 1.01 - 1.13

KIM LOONG RESOURCES BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
2.48 +0.08 (3.33%) 2.40 - 2.50 417,
Market Cap: 2,422 Million
NOSH: 977 Million
Avg Volume (4 weeks): 176,810
4 Weeks Range: 2.23 - 2.50

Jayatiasa
FFB projection:
30-Jun-2022
(Actual)
30-Jun-2023
(Actual)
30-Jun-2024
(Actual)
30-Jun-2025
(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)
0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)
3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)
96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8

Jayatiasa
The budgeted FFB production for FYE 30 June 2025 is 1,211,852 MT.
So which one is value buy jayatiasa Vs Kim Loong

JAYA TIASA HOLDINGS BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
1.04 +0.01 (0.97%) 1.02 - 1.05 1,690,600
Market Cap: 1,013 Million
NOSH: 974 Million
Avg Volume (4 weeks): 1,791,275
4 Weeks Range: 1.01 - 1.13

KIM LOONG RESOURCES BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
2.48 +0.08 (3.33%) 2.40 - 2.50 417,
Market Cap: 2,422 Million
NOSH: 977 Million
Avg Volume (4 weeks): 176,810
4 Weeks Range: 2.23 - 2.50

Jayatiasa
FFB projection:
30-Jun-2022
(Actual)
30-Jun-2023
(Actual)
30-Jun-2024
(Actual)
30-Jun-2025
(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)
0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)
3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)
96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8

Collected some DXN too.

Can I quote below to report TTB to Bursa SC so that actions can be taken against him for violation of Bursa rule and regulation:
Paragraph/Rule 9.12(1) and Paragraph/Rule 9.12(2)

Or do I need to wait till next 2 to 4 years if KLCI did not hit 2,500 - 3,000 points?

Despite a turbulent environment, icapital.biz Berhad has again achieved a very strong performance with its share price outperforming the MSCI Malaysia in US$ by a huge margin.

The share price of icapital.biz Berhad has also outperformed the S&P 500 and NASDAQ, two top performing indices dominated by AI stocks like Nvidia, Meta, etc , in US$ in the same 1-year period.

This very strong performance of icapital.biz Berhad is a result of your Fund Manager and Designated Person patiently and deliberately sticking to its time-proven Bamboo value investing philosophy, despite being continuously harassed by one or two foreign wrecking balls.

If my 2023 prediction that the KLCI will hit 2,500-3,000 points in the next 3 to 5 years’ time come true, the price performance of icapital.biz Berhad will be very hard to beat, especially when you factor in the extra return from a possible discount swing to a premium.

i Capital.biz Berhad 4Q2024 Report

Me collecting jayatiasa.

JAYA TIASA HOLDINGS BHD

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of August 2024 as follows:

Product Production
Fresh Fruit Bunches 123,613 metric tonnes
Crude Palm Oil 25,238 metric tonnes
Palm Kernel 5,850 metric tonnes
Logs 6,334 cubic metres

This announcement is dated 9 September 2024.

According to Malay mythology, running amok was an involuntary behavior caused by the “hantu belian,” or evil tiger spirit entering a person's body and compelling him or her to behave violently without conscious awareness. Because of their spiritual beliefs, those in the Malay culture tolerated running amok despite its devastating effects on the tribe.

It is Donald Trump fault because many just follow Donald Trump way of name-calling.

Malaysian Ringgit is strengthening against other major currency especially USD is a good news to Malaysian stock market???

Not true because many listed companies are export oriented cost in RM receivables and sales in USD so next quarter will be poor earning.

99SMART is now many times bigger than capA.
What Stony going to say now?

KLSE: 99SMART (5326) 99 SPEED MART RETAIL HOLDINGS BERHAD MAIN : Consumer
Last Price Today's Change Day's Range Trading Volume
1.88 +0.23 (13.94%) 1.85 - 1.91 294,336,700

Market Cap: 15,792 Million
NOSH: 8,400 Million

What statistic?
If you put your money in EPF most likely your are better off by now.

Is it foolish to compare Amazon with capA?
What is the adrressable market and competitors of Amazon and capA?

Know what recently I use MOVE to check on flight and what amazing me is rival airlines flights (lion air) are cheaper.

But as Malaysian I still book AA flights but for Indonesian for sure they will book lion air because it is cheaper.

Aiyoyo
If TTB talk can be believed, pigs might fly.

I am just suprise someone make so many comments at i3 but when come to EGM voting he just keep silent.

Maybe silent is gold.

Nothing is free in this world as of afterworld no one come back to tell is every thing is free in the afterworld.

There are many political kids in Malaysia and also kids commentators in i3forum.

By the way tax payers money is haram because government also collected tax from alcohol and gambling.

So why denial Jakim from earning his own halal incomes?

If western consumers can insist must have Kosher certification then the least Malaysia can contribute is to insist who ever want to sell their products (non pig and alcohol) to Malaysia must have Jakim Halal certification.

Let it be so that Jakim can earned it own upkeep (yearly billion in annual Halal certification fees) rather than dependant on government billion allocation (tax payers money) in annual budget.

And also must insist oversea business that sell products to Malaysia mandatory to have Halal certificate from Jakim.

What I am trying to say is up to each individual investors to make their own decision.

Because if you make decision for them when they make money they also never say thank you but if your action cause them to lose money they will curse you. That the reality and fact

I make money from Bplant as I bought Bplant when Bplant sold the plantation land in Johor to ytlpower and gave good dividend.

I sold all my bplant before the VGO as from Bplant monthly report of FFB havested the quaryerly report will be ugly.

As of HRC, I lose some money and make official complain bitterly to SC and HRC management

Repost:
Posted by Sslee > Jun 21, 2024 12:25 PM | Report Abuse X

DickyMe SSLee's favourite counter, licking the bottom.
20/06/2024 11:42 PM

I already give up on HRC with below last email to HRC

https://klse.i3investor.com/blogs/Sslee_blog/2024-06-21-story-h-158835...

Look like Sam has many more rooms to drop.
And by the way someone push up Sam price on 30 Aug 2024 so that icap quarter end 31 Aug 2024 will still look good.

Date Open Range Close Change Volume
06/09/2024 4.33 4.16 - 4.33 4.19 -0.14 (3.23%) 456,900
05/09/2024 4.52 4.32 - 4.58 4.33 -0.12 (2.70%) 1,121,700
04/09/2024 4.62 4.29 - 4.67 4.45 -0.23 (4.91%) 3,528,900
03/09/2024 4.61 4.57 - 4.72 4.68 +0.08 (1.74%) 2,263,300
02/09/2024 4.95 4.48 - 4.95 4.60 -0.75 (14.02%) 6,995,900
30/08/2024 5.07 5.07 - 5.43 5.35 +0.28 (5.52%) 1,276,700
29/08/2024 5.10 4.94 - 5.11 5.07 -0.08 (1.55%) 1,829,100