Hoho interesting lo … presently Sarawak only supply ard 34 % of Rice by own cultivation , to push up to ard 80 % only need start up expenses of RM 1.0 Billion… Sarawak government willing allocate funding RM 500 million n RM 500 million from Federal gov .

If want to rivalling Kedah which supply 40 % Rice demand in Malaysia… and to supply 100 % Sarawak rice demand… Pulau Bruit is the suitable land .

Hoho is Jtiasa that SMALL ???


The government, through the Ministry of Finance and Agriculture and Commodities Ministry, has established a special fund for the Smallholder Palm Oil Replanting Financing Incentive Scheme (TSPKS 2.0).23 Jan 2024
https://www.nst.com.my › 2024/01

Malaysia sets up RM100mil fund for smallholders to replant palm oil
By S. Birruntha and Daniel Ahmad
January 24, 2024 @ 8:09amSass

Hoho Ssleee take note on the key words : average cost >>

MPOA Chief Executive Joseph Tek said the average cost of replanting was about 20,000 ringgit (US$4,265) per hectare, or nearly US$3 billion.

As I said Sarawak CPO production cost is the highest in Malaysia… that’s why between RM 20,000 to RM 30,000 of replanting cost … I picked RM 30,000 for Jtiasa replanting cost per hectare.

Hoho MPOA Chief Executive Joseph Tek ke … he also said :

Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD
15 hours ago | Report Abuse
Tek said this at a press conference after he delivered a keynote address at MPOA’s 23rd annual general meeting in Sabah Hotel here today.

He explained that trees that are over 19 years old are mostly too tall for harvesting, and many present harvesters do not have the skill set to perform the task. There are in fact not enough available tall palm harvesters.

Furthermore, the number of trees would have been reduced from the initial planting based on the norm of 136 to 148 trees per hectare. In many estate blocks, the balance remaining may well be below 100 trees per hectare.

Hoho not sufficient Replanting capital of RM 1.6 Billion ( current Reserve n Retained Earnings is Rm 0.5 billion) ..

No worries, an example from FGV :

Net Profit:

2021 : RM 1.2 Billion
2022 : RM 1.3 Billion
2023 : RM 103 million

But No Reserve n No retained earnings…

FGV QR ended June 2024 :

Reserve in Negative figure ( RM 1.06 Billion) , taken out from Equity Share Capital RM 7.03 Billion… became RM 5.97 Billion.

Oh Jtiasa Equity share capital is only RM 0.98 Billion…

Replanting capital RM 1.6 billion ( for 76 % planted area ) - Reserve n Retained earnings RM 0.5 Billion… still required RM 1.1 Billion !!! 😱

👉Consequently, the Company also succeeded in defending the two appeals lodged by STAR vide Civil Appeal No.: W-02(IM)(NCVC)-1188-09/2020 and Civil Appeal No. W-02(IM)(NCVC)-1435-10/2020.


The Court of Appeal directed that Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages arising from loss of profit from corporate exercise, loss of reputation and loss and impact on the status of the Defendant as public listed company and WA-22NCVC-374-05/2019 where the Company has claimed for the sum of RM248,242,987-62 as liquidated ascertained damages, RM297,035,481-00 as loss of proceeds from corporate fundraising exercise and refund of RM50,000,000-00 together with all interests pursuant to the Bank Guarantees be refunded, be reverted back to the High Court for full trial before Justice Nazlan Mohd Ghazali.


The Company will make further announcement on developments of the above matter as and when necessary.


This announcement is dated 28 July 2021.  

Oh another one is Sslee said Jtiasa with Dividend Policy minimum 20 % but why FY2021 No Dividend with Net Profit RM 31.4 million ???

Hoho Jaks Total counter claimed against Star is RM 540 million.

>>Referred to QR ended June 2024 :

👉next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions.

The Trial was fixed on 25/8/2025 to 28/8/2025 .

👉👉Possibility of settlement out of court ???


>
MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company
JAKS RESOURCES BERHAD


Type Announcement
Subject MATERIAL LITIGATION
Description
JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company


Further to the announcement dated 12 December 2023, the Board of Directors of the Company wishes to announce that the Federal Court on 7 March 2024 unanimously found no merits in Star Media Group Berhad (“STAR”)’s appeals against the Company and Jaks Island Circle Sdn Bhd (In Liquidation) vide Civil Appeal No. 02(i)-16-03/2023(W), Civil Appeal No. 02(i)-17-03/2023(W) and Civil Appeal No. 02(i)-18-03/2023(W) [“the Appeals”] and dismissed the Appeals with costs of RM150,000.00 to be paid by STAR.



Consequently the Company can proceed at the High Court with its Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages and WA-22NCVC-374-05/2019 where the Company has claimed for liquidated ascertained damages, etc. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad pursuant to its Listing Requirements. This announcement is dated 7 March 2024.

Hoho why preferring Jaks , as all the risks is disclosed , successfully diversified into Power Plant industry n Solar RE . After monetise the 2 property division assets , eventually be a Net Cash company.

Where as Jtiasa has 2 hidden risk :

1.) Pulau Bruit rented Land , 52,880 hectares ( 76 % of planted land ) is identified suitable for cultivation of hybrid rice in 2024 … align with Sarawak state gov vision .

2.) Palm trees averagely 14 years ( as Pulau Bruit rented land 52,880 hectares since 15 years ago .) .. Replanting is expected in next 4 years with ard RM 1.6 billion expenses.. is current Reserve n Retained earnings ard RM 0.5 Billion sufficient !!!

Oh another one is Sslee said Jtiasa with Dividend Policy minimum 20 % but why FY2021 No Dividend with Net Profit RM 31.4 million ???

Post removed.Why?

Hoho Jaks Total counter claimed against Star is RM 540 million.

>>Referred to QR ended June 2024 :

👉next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions.

The Trial was fixed on 25/8/2025 to 28/8/2025 .

👉👉Possibility of settlement out of court ???


>
MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company
JAKS RESOURCES BERHAD


Type Announcement
Subject MATERIAL LITIGATION
Description
JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company


Further to the announcement dated 12 December 2023, the Board of Directors of the Company wishes to announce that the Federal Court on 7 March 2024 unanimously found no merits in Star Media Group Berhad (“STAR”)’s appeals against the Company and Jaks Island Circle Sdn Bhd (In Liquidation) vide Civil Appeal No. 02(i)-16-03/2023(W), Civil Appeal No. 02(i)-17-03/2023(W) and Civil Appeal No. 02(i)-18-03/2023(W) [“the Appeals”] and dismissed the Appeals with costs of RM150,000.00 to be paid by STAR.



Consequently the Company can proceed at the High Court with its Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages and WA-22NCVC-374-05/2019 where the Company has claimed for liquidated ascertained damages, etc. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad pursuant to its Listing Requirements. This announcement is dated 7 March 2024.

MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company
JAKS RESOURCES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company

Further to the announcement dated 12 December 2023, the Board of Directors of the Company wishes to announce that the Federal Court on 7 March 2024 unanimously found no merits in Star Media Group Berhad (“STAR”)’s appeals against the Company and Jaks Island Circle Sdn Bhd (In Liquidation) vide Civil Appeal No. 02(i)-16-03/2023(W), Civil Appeal No. 02(i)-17-03/2023(W) and Civil Appeal No. 02(i)-18-03/2023(W) [“the Appeals”] and dismissed the Appeals with costs of RM150,000.00 to be paid by STAR.

Consequently the Company can proceed at the High Court with its Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages and WA-22NCVC-374-05/2019 where the Company has claimed for liquidated ascertained damages, etc. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad pursuant to its Listing Requirements. This announcement is dated 7 March 2024.

Post removed.Why?

Post removed.Why?

Hoho further more CPO Production cost per tonne is keep in increasing from RM 1400 to RM 1800 to RM 2200 ..

Where as Jaks Solar Project Solar panel cost is keep decreasing:

SINGAPORE, March 19 (Reuters) - Prices of solar panels, which nearly halved over the last 12 months, will remain at current levels for up to two years, a Malaysian industry executive said on Tuesday.
Manufacturers in Malaysia, the world's third largest producer of solar photovoltaic modules (PV), are slowing down expansion plans to adjust for lower demand and prices, Davis Chong, President of the Malaysian Photovoltaic Industry Association, told Reuters.

Tek said this at a press conference after he delivered a keynote address at MPOA’s 23rd annual general meeting in Sabah Hotel here today. 

He explained that trees that are over 19 years old are mostly too tall for harvesting, and many present harvesters do not have the skill set to perform the task. There are in fact not enough available tall palm harvesters.  

Furthermore, the number of trees would have been reduced from the initial planting based on the norm of 136 to 148 trees per hectare. In many estate blocks, the balance remaining may well be below 100 trees per hectare. 

Hoho repost :


Jaks

Referred QR ended June 2024 on key points:

Selling n Distribution expenses & Other operating, administrative expenses = RM 17,492,000 .

(Note : there are ard 600 employees in Vietnam Joint Venture Power Plant 1200 MW on 2022 )

Operating Loss after Finance Cost = ( 17,291,000 )

👉Share of Profits in Joint Venture = 21,331,000

> PBT = 4,040,000

> PAT = 3,932,000


Total Comprehensive Income = RM 3,932,000


Dividend from Vietnam power plant associate company: RM 14,210,000


👉👉Net Profit to Owners of the Company = RM 8,422,000.

Hoho where as for Jaks … repost from Jaks :

Posted by jjohnchew > 4 hours ago | Report Abuse

Hoho interesting lo , if can monetise the property segment assets :

Reply during latest AGM :

2 The Property Investment division
comprises two investment properties,
namely Pacific Towers Business Hub
and Evolve Concept Mall. The division
incurred a finance cost of RM19.3
million while generating revenue of
RM10.3 million and a loss after tax of
RM6.3 million in FY2023.

D) Current outstanding loan balance for Evolve
Concept Mall stands at RM206.4mil whereas the
outstanding loan balance for Pacific Towers stands
at RM70.6mil.


C) Monetising these property assets is the key priority
moving forward, regardless of turning around the
business. However, the immediate goal is to
increase occupancy rates and average rental rates
with strong and reliable tenants, thereby improving
the saleability of the assets.


A) Yes, the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to
54% in FY2023, while Evolve Concept Mall saw an
increase from 59% in FY2022 to 75% in FY2023.

jjohnchew
2,609 posts

Posted by jjohnchew > 4 hours ago | Report Abuse

Hoho with the legal case 6 years battle won against Star on Pacific Star project on March 2024 … anticipating occupancy rate at Pacific Towers
Business Hub Shl be further improved.

jjohnchew
2,609 posts

Posted by jjohnchew > 3 hours ago | Report Abuse

Hoho n more easy to monetise..

Hoho is Jtiasa going to be like Rsawit n Subur Tiasa in coming Next 4 years ???

Jaks :

Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.76 %


Jtiasa :

Current Ratio 2.73
Debt-Equity (DE) Ratio 0.34
FCF Yield 24.07 %


Rsawit :

Current Ratio 0.15
Debt-Equity (DE) Ratio 1.25
FCF Yield 3.19 %

Subur Tiasa :

Current Ratio 0.27
Debt-Equity (DE) Ratio 1.34
FCF Yield -0.91 %

Hoho Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder ard 14 % , after Uncle K intention to take over with 30 % on 2017/2018 ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

800 MW CGPP winners even can sell RE electricity cross border.



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) CAGR : 3Y + 29.9 % TTM + 28.4 %

Post removed.Why?

Hoho n more easy to monetise..

Hoho so since Rental is so cheap, Sarawak Sale Tax on the Price of CPO is cheap also only 5 % compared to Sabah 7.5 % … better change Pulau Bruit land into Sawah Padi land as identified suitable to cultivate hybrid rice in 2024 .

Hoho KimLoong DY :

2020 : 3.05 %
2021 : 6.84 %
2022 : 7.14 %
2023 : 8.52 %
2024 : 5.99 %

vs Jtiasa DY :

2020 : No Dividend
2021 : No Dividend
2022 : 4.83 %
2023 : 4.51 %
2024 : 5.41 %

Hoho not concrete yet ..

1.)

—-

Posted by value_invest > 13 seconds ago | Report Abuse

Jtiasa can easily double Div to 12 cents FY 25 with its cash flow and no further capex.

Hoho yes , palm oil plantation land rent is cheap … eg : Jaks sign MOU lease TDM land in Terengganu 1730 acres for tendering LSS5 2000 MW Solar Project.

TDM said shl bring Profit RM 1.0 million yearly… ie : 1000000 / 1730 = RM 578 rental per acres .

Posted by jjohnchew > 9 hours ago | Report Abuse

Hoho Sarawak Palm oil plantation cost of Production per hectare is the highest in Malaysia .. taking RM 30,000 Replanting cost per hectare >> 52,880 hectares required RM 1.6 Billion for Replanting in coming next 4 years .. is current Reserve n Retained Earnings of ard RM 0.5 Billion is sufficient !!!



—

Posted by jjohnchew > 8 hours ago | Report Abuse

Hoho 2 hidden risk :

1.) Is rented land going to be Sawah Padi land !!!

2.) As the company said Palm trees average 14 years … seems is from rented land ( 15 years ) :

👉Area : 52,880 hectares ie : 76 % of planted land .

What is the Replanting cost ?

Hoho as ethical Sifu 3iii posted earlier… KimLoong see the Price chart ..

And 13 sen Dividend on FY24 : ROE 19.28 .. Market Cap 2.3 Billion.

Vs Jtiasa :
6 sen Dividend on FY 24 … ROE 9.14 ..Market Cap 1.0 Billion.

Hoho with the legal case 6 years battle won against Star on Pacific Star project on March 2024 … anticipating occupancy rate at Pacific Towers
Business Hub Shl be further improved.

Hoho interesting lo , if can monetise the property segment assets :

Reply during latest AGM :

2 The Property Investment division
comprises two investment properties,
namely Pacific Towers Business Hub
and Evolve Concept Mall. The division
incurred a finance cost of RM19.3
million while generating revenue of
RM10.3 million and a loss after tax of
RM6.3 million in FY2023.

D) Current outstanding loan balance for Evolve
Concept Mall stands at RM206.4mil whereas the
outstanding loan balance for Pacific Towers stands
at RM70.6mil.


C) Monetising these property assets is the key priority
moving forward, regardless of turning around the
business. However, the immediate goal is to
increase occupancy rates and average rental rates
with strong and reliable tenants, thereby improving
the saleability of the assets.


A) Yes, the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to
54% in FY2023, while Evolve Concept Mall saw an
increase from 59% in FY2022 to 75% in FY2023.

Hoho will it be like : Hexcap n Binacom ….after became Major In Binacom, send his uncle into BOD … Binacom 1st time intend to issue PP but no investor is interested until delayed to next year … same as Hexcap .

Hoho why only Jtiasa with Good Financial ratios !!!!

Hoho very interesting le , let’s compared listed entities under RH group :

1.) Jtiasa

Current Ratio 2.73
Debt-Equity (DE) Ratio 0.34
FCF Yield 24.3 %
Revenue QoQ 7.29 %
Revenue YoY 12.96%
Profit QoQ 58.46 %
Profit YoY -73.9 %
Profit Margin (Sector Median: 4.6) 13.84 %
ROE (ROIC: 11.17) 12.59 %
Dividend Per Share (DPS) 6.0 sen
Dividend Yield (DY) 5.77 %


2.) Rsawit


Current Ratio 0.15
Debt-Equity (DE) Ratio 1.25
FCF Yield 3.26 %
Revenue QoQ 23.84 %
Revenue YoY -5.22%
Profit QoQ 139.76 %
Profit YoY 7420.0 %
Profit Margin (Sector Median: 9.2) 7.31 %
ROE (ROIC: 5.73) 7.98 %
Dividend Per Share (DPS) 0.0 sen
Dividend Yield (DY) 0.0 %


3.) Subur Tiasa


Current Ratio 0.27
Debt-Equity (DE) Ratio 1.34
FCF Yield -0.87 %
Revenue QoQ -2.9 %
Revenue YoY -16.78%
Profit QoQ 114.06 %
Profit YoY 108.5 %
Profit Margin (Sector Median: 0.2) -0.46 %
ROE (ROIC: -1.73) -2.33 %
Dividend Per Share (DPS) 0.0 sen
Dividend Yield (DY) 0.0 %

Hoho Repost :

Jtiasa

Hoho interesting le , 👉referring to Annual Report FYE2023 :

Top 10 List of Properties Owned :

1.) Pulau Bruit , Bruit Land District

👉Tenure : Rented land

Existing use : Oil Palm estate, CPO mill , Building & Quarter


👉Area : 52,880 hectares


Approximate age of building: 15 years


2.) Pulau Bruit , Lot 5,6,14,15 Bruit Land District

Tenure : leasehold until 2064

Existing use : Oil Palm estate, Building & Quarter


👉Area : 10,043 hectares


Approximate age of building: 11 years


> Where as other 9 properties are with Leased Tenure until 2060 , 2064 etc .


>>👉👉Going to tanam Hybrid Rice !!!

Hoho why Rimbunan Sawit ( same as Jtiasa under RH group) is loss-making in oil palm plantations.


Rsawit

Rimbunan Sawit group owns 16 oil palm estates in Kuching, Sibu and Miri with a total planted area of 42,478ha, representing about 60.76% of the group's total landbank of 69,909ha.


Palm trees age As at FYE2023 :

Unit : hectares
Immature ( 1 - 3 years ) 2,231
Young mature ( 4 - 7 years ) 1,454
Prime mature ( 8 - 19 years ) 20,390
Old mature ( > 20 years ) 18,956

Total : 43,031 hectares

Rimbunan Sawit to beef up crop production and yield
TheStar Mon, Apr 01, 2024 12:00am - 5 months


KUCHING: Rimbunan Sawit Bhd will undertake a series of short-to-medium term measures to beef up crop production and yield of its loss-making oil palm plantations.

Managing director Tiong Chiong Ie said the group plans to implement a recovery and rehabilitation programme to improve the conditions of these plantations.

Among the measures is the deployment of additional resources, such as machinery, equipment and human resources, to maximise fresh fruit bunch (FFB) crop recovery in the most productive blocks of the oil palm estates.

Rimbunan Sawit allocates RM309m in capex, operating and development costs for FY2024

KUALA LUMPUR (April 30): Rimbunan Sawit Bhd is expecting around 40% increase in its fresh fruit bunches (FFB) production for the current financial year ending Dec 31, 2024 (FY2024) and is anticipating higher crude palm oil (CPO) prices for the year due to growing demand.

“In FY2024, our estates are strategically planned to harvest an impressive 352,126 tonnes of fresh fruit bunches [FFB], each fetching an average price of RM648 per tonne,” the plantation group said in its Annual Report 2023.

In comparison, the group reported a production volume of 250,750 tonnes of FFB in 2023, with an average price of RM661 per tonne, according to its quarterly result release filed to Bursa Malaysia.

Oil palms reach maturity at around three years after planting, and reach their peak production age between the seventh and 18th years after planting.


Identifying the age of the palm tree is significant since oil palm yield is closely associated with its growth throughout its lifespan. The optimal yield period for a palm tree is between nine to eighteen years of age, following which the yield capacity gradually decreases over time.

Theoretically, each palm tree can obtain 36-75L of oil per year. Palm trees can bear fruit for 15 years in their lifetime, a palm tree gets a total of palm oil 540-1125L.


The age composition of each of the five main oil palm producing regions for functional age classes (young <7 years; prime 7-15; old >15 years).

In Malaysia, it is found that the optimal replanting age lies between 25 and 26 years if the FFB price is RM 200 per tonne. The replacement age declines to between 24 – 25 years if the FFB price rises to RM 220 per tonne.

Jtiasa :

Hoho take note on the wording :

> Referred to QR ended June 2024 :

Cash n cash equivalents. 283,037,000

> Referred to QR ended March 2024 :

Cash and bank balances 270,371,000

Hoho taking FGV as an eg : why Reserve is in Negative figures n no retained earnings…although with Net Profit in recent years :


Financial Year Revenue ('000) Net ('000) EPS DP% Net % Report
31 Dec, 2024 10,060,273 72,885 2.0000 -

31 Dec, 2023 19,359,186 103,002 2.8300 1.06

31 Dec, 2022 25,563,852 1,322,641 36.2500 0.41 13.3% View

31 Dec, 2021 19,575,323 1,167,874 31.9500 0 678.5% View

Post removed.Why?

Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Hoho sell property investment assets as it is losing money :

C) Monetising these property assets is the key priority

👉Jtiasa :

All our palm trees have matured. Out of the Group's total planted area of 69,589 hectares, about 3% of the palms are more than 18 years of age. The average age of palms is 14 years, which is within the prime production bracket.

Pulau Bruit Palm oil plantation area = 52880 + 10043 = 62,923 hectares

>>> 62923 / 69589 = 90.4 %

Hoho no wander 2nd Major shareholder ( ard 14 % ) keep selling shares over the 12 months until July 2024 … latest holding is ard 6 % ..

Hoho Sarawak Palm oil plantation cost of Production per hectare is the highest in Malaysia .. taking RM 30,000 Replanting cost per hectare >> 52,880 hectares required RM 1.6 Billion for Replanting in coming next 4 years .. is current Reserve n Retained Earnings of ard RM 0.5 Billion is sufficient !!!



—

Posted by jjohnchew > 8 hours ago | Report Abuse

Hoho 2 hidden risk :

1.) Is rented land going to be Sawah Padi land !!!

2.) As the company said Palm trees average 14 years … seems is from rented land ( 15 years ) :

👉Area : 52,880 hectares ie : 76 % of planted land .

What is the Replanting cost ?

Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 =
943,960,000

Accordingly, the SGP amounting to
RM43.88 million was recorded under
directors' remuneration.
We would like to seek clarification
from the LTIP Committee and
Remuneration Committee Chairman

A) The criteria for issuance of SGP was mainly tied to
the profits generated from our wholly-owned
subsidiary, Golden Keen Holdings Limited (“GK”)
which undertook the USD 454 million (RM2 bil)
EPC 2 role for construction of the 1,200 MW coal-
fired thermal power plant in Vietnam. Over the
course of the construction period from 2015 to
2021, GK had generated a net profit of over RM400
million to the Group. Taking into consideration this
and successful delivery of the power plant, the
Remuneration and LTIP committee had in 2018
approved the remuneration scheme.
B) The basis of the incentives and rewards is in line
with the remuneration scheme approved in 2018

A) Yes, the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to
54% in FY2023, while Evolve Concept Mall saw an
increase from 59% in FY2022 to 75% in FY2023.
The Management will continue to attract new
tenants to further improve the occupancy rate of
both properties.
B) Pacific Towers Business Hub – RM3.36 per sq ft
Evolve Concept Mall – RM2.38 per sq ft

C) Monetising these property assets is the key priority

moving forward, regardless of turning around the
business. However, the immediate goal is to
increase occupancy rates and average rental rates
with strong and reliable tenants, thereby improving
the saleability of the assets.
D) Current outstanding loan balance for Evolve
Concept Mall stands at RM206.4mil whereas the
outstanding loan balance for Pacific Towers stands
at RM70.6mil.