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Now look carefully at Rsawit balance sheet

It reported a 1.81 sen profit

Its debts Rm151,181,000 & Rm187,924,000
= Rm339.1 Millions debt

Less

Cash Rm2,658,000
Other investment: Rm5,000,000

= Rm331.4 Millions

Rsawit just sold (in process of selling) 2 plots of lands for Rm165 millions

So debt less asset sale

= Rm166.4 Millions Net Debt

Now This is a very small net debt compared to Jtiasa in Feb 2021 at Rm700 Millions debt

Since Rsawit still got many plots of lands to be sold just by selling 2 more plots Rsawit will instantly turn into a debt free cash rich company

The Road to Debt free Cash rich status for Jtiasa was by Strong Operational earnings

For Rsawit it is through fast paced Asset disposal

And Huge High Value Asset Disposal will BE EVEN FASTER IN CLEARING ALL DEBT FOR RSAWIT more than Jtiasa

As such we SEE Directors /Insiders of RSawit buying ahead of good times soon coming back for Rsawit

See

MR TIONG CHIONG IE 01-Mar-2024 Acquired 500,000 0.200

MR TIONG CHIONG ONG 12-Aug-2021 Acquired 85,000 0.230

TIONG CHIONG ONG 22-Jun-2021 Acquired 50,000 0.235

=

calvintaneng

53,038 posts

Posted by calvintaneng > 4 minutes ago | Report Abuse

Read Rsawit balance sheet very very carefully

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3424403

Compile its debts less its cash

Then further deduct Rm165 millions by cash released from asset sale

See

https://www.nst.com.my/business/corporate/2023/12/993168/rimbunan-sawit-sells-agricultural-land-miri-rm165mil-cash

Less all cash available will see a small debt of only Rm166.4 Millions

https://www.nst.com.my/business/corporate/2023/12/993168/rimbunan-sawit-sells-agricultural-land-miri-rm165mil-cash

Plus Rsawit still got Assets worth Billion $$$ to sell

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-14-story-h-186428885-RIMBUNAN_SAWIT_5113_THE_FOCUS_IS_ON_ITS_DEEPLY_UNDERVALUE_PALM_OIL_ASSE

Post removed.Why?

Read Rsawit balance sheet very very carefully

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3424403

Compile its debts less its cash

Then further deduct Rm165 millions by cash released from asset sale

See

https://www.nst.com.my/business/corporate/2023/12/993168/rimbunan-sawit-sells-agricultural-land-miri-rm165mil-cash

Less all cash available will see a small debt of only Rm166.4 Millions

https://www.nst.com.my/business/corporate/2023/12/993168/rimbunan-sawit-sells-agricultural-land-miri-rm165mil-cash

Plus Rsawit still got Assets worth Billion $$$ to sell

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-03-14-story-h-186428885-RIMBUNAN_SAWIT_5113_THE_FOCUS_IS_ON_ITS_DEEPLY_UNDERVALUE_PALM_OIL_ASSE

Now look carefully at Rsawit balance sheet

It reported a 1.81 sen profit

Its debts Rm151,181,000 & Rm187,924,000
= Rm339.1 Millions debt

Less

Cash Rm2,658,000
Other investment: Rm5,000,000

= Rm331.4 Millions

Rsawit just sold (in process of selling) 2 plots of lands for Rm165 millions

So debt less asset sale

= Rm166.4 Millions Net Debt

Now This is a very small net debt compared to Jtiasa in Feb 2021 at Rm700 Millions debt

Since Rsawit still got many plots of lands to be sold just by selling 2 more plots Rsawit will instantly turn into a debt free cash rich company

The Road to Debt free Cash rich status for Jtiasa was by Strong Operational earnings

For Rsawit it is through fast paced Asset disposal

And Huge High Value Asset Disposal will BE EVEN FASTER IN CLEARING ALL DEBT FOR RSAWIT more than Jtiasa

As such we SEE Directors /Insiders of RSawit buying ahead of good times soon coming back for Rsawit

See

MR TIONG CHIONG IE 01-Mar-2024 Acquired 500,000 0.200

MR TIONG CHIONG ONG 12-Aug-2021 Acquired 85,000 0.230

TIONG CHIONG ONG 22-Jun-2021 Acquired 50,000 0.235

=

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Investing has gone to do with the "future"

we will show Jtiasa Sept to Dec
2020 results and it will be exactly like Rsawit now

when we bought into Jtiasa then it only showed a 0.46 sen profit plus Jtiasa then had high debt of Rm700 millions

that was why Jtiasa traded at a low of only 63 sen

fast forward till today Jtiasa is debt free cash rich and p/e only 4 to 5

And what Jtiasa is now Rsawit will also be in just one to two years time

the Owner of Rsawit is the same owner of Jtiasa you all must know

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Sign number 10
Pan borneo highway will create value for rsawit lands for years to come

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Sign number 6
Abang Jo proactive push for Sarawak growth

Good for long term land asset appreciation for Sarawak

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Sign number four

Their sister co jtiasa already turned around

Sign number three

Three insiders/ directors bought rsawit shares after a long stretch

Shows new confidence

Sign number two

Asset disposal revealed 88% gain from land sold

Signs of turnaround

Sign number one

Company sells assets to clear debt

The stock?
Can also suddenly go limit up if Tabung Haji announce a takeover

Dinosaur is really dinosaur 🦕

Netx was a 2018 stock
Now 6 years already

He forgot in year 2019 during Ogse bull we made Rm1 millions from Dayang, Naim, penergy, uzma and carimin (currymee)
We made even more from Glove superbull in year 2020
Now is 🌴🌴🌴 bull
He still in dinosaur cave

Not the faithful but the faithless and doubters will fail

Those who can hold will live to see Tsh reach Rm2.00

The weak; the faithful and the wishy washy can never succeed

Only the strong steadfast holders will do well
"A double minded man is unstable in all his ways"

We never waver. We never doubt

We will see Tsh reach Rm2.00

And then much much higher

For Tsh all the weak holders whose hands are weakened by spammers and let go cheap just too bad for them as only "strong men" retain riches

As more people condemned bplant then we added more bplant cheaply

So now Tsh being most hated by spam it is our best buy actually

From past experience

When bplant was 57 sen there were full of doubters and naysayers
Why Bplant got so little earnings?

Why bplant want to go into algae business?
As doubts spread many left bplant to buy other hot stocks

And that was the best time to buy bplant cheap

For the same reason Tsh got lots of negative spams

And therefore now is the best time to buy more Tsh

Do not tell lies
Calvin bought as high as 22 sen to 23 sen

Now waiting to sell at 50 sen or limit up
Whichever comes 🥇 first

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Posted by calvintaneng > 7 hours ago | Report Abuse

Investing does not need rocket science at all

It is just plain common sense

Rsawit gave its
Date of purchase
Location of lands
Acreage
Price/ original cost

All can see how cheaply they bought these lands 20 years ago in year 2003

Now just use a little brain and think

Anyone who had bought houses, lands, shops or condos in year 2003 (21 years ago till now 2024) would have seen their assets value double, triple or gone up even higher in value over the years

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Strong earnings for all 🌴🌴🌴 🔥 🔥 🔥

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