Tony,

The cash flow for the 9 months is healthy and positive..
Accumulative 9 months, the company still made 7 million after tax. Accumulated depreciation is much more than capital expenditure by about 40+ millions and some rm10+million proceed from sales of plant and equipment... reduction of working capital and some 20+ millions from financing... resulted in net increase in cash

I will buy when it drop more than 10% tomorrow to hold for the medium term.

Alexsee,
Thank you for your info..

Because of Election? Haha!

This Quarter is a surprise, really! Oil Palm business also lost money! Costs are so high! What are the costs actually? No details available.

...........…......... as of 31st March 2018
.......................... oil palm.... Timber.... other..........
total
Segment assets 2,591,933 501,129 70,767 - 3,163,829
Segment liabilities 1,000,394 361,059 1,546 - 1,362,999

Oil Palm has become the MAIN BUSINESS of JAYA TIASA..

YIELD will be better and better
Palm oil price is recovering as ringgit weakens..
The cost per acre is cheap..

The share price now @ Aug 2009 is really absurd and if dropd further it will match that during the 2008-2009 Financial Crisis despite the company already built a 70,000 hectare Oil Palm Plantation most of which in the prime of average 8-9 years...

Going forward, still hopeful

The yield will be good due to
1) seasonality, 2nd half calender year more crops
2) More trees reaching prime

The palm oil price recovering amidst weakened ringgit.

Good luck..

http://www.mpoc.org.my/Daily_Palm_Oil_Prices.aspx

Ringgit weakened against USD

PALM OIL PRICE IS RECOVERING AND UPTREND NOW..

No worry

But on weakness for the medium term..

CONDENSED STATEMENTS OF FINANCIAL POSITION
Note UNAUDITED AUDITED
AS AT AS AT
31/03/2018 30/06/2017
RM'000 RM'000
ASSETS
Non-current Assets
Property, plant and equipment 1,111,919 1,171,915
Biological assets 1,668,014 1,639,812
Land use rights 36 40
Other intangible assets 783 610
Investment securities 49,100 68,700
Deferred tax assets 30,259 22,492
2,860,111 2,903,569
Current Assets
Inventories 1 107,131 139,649
Trade and other receivables 2 41,364 59,584
Other current assets 10,004 14,663
Income tax receivable 22,864 -
Derivative assets - 252
Cash and bank balances 122,355 65,234
303,718 279,382
TOTAL ASSETS 3,163,829 3,182,951
EQUITY AND LIABILITIES
Current Liabilities
Interest bearing loans and borrowings 4 435,412 487,479
Trade and other payables 3 119,124 136,195
Income tax payable 11,649 4,968
Derivative liabilities - 304
566,185 628,946
EQUITY AND LIABILITIES
Non-current Liabilities
Interest bearing loans and borrowings 5 640,196 589,358
Deferred tax liabilities 156,618 146,534
796,814 735,892
Total Liabilities 1,362,999 1,364,838
Net assets 1,800,830 1,818,113
Equity Attributable to owners of the parent
Share capital 977,402 977,402
Treasury shares (13,687) (13,687)
Reserves 824,553 843,088
1,788,268 1,806,803
Non-controlling interests 12,562 11,310
Total Equity 1,800,830 1,818,113
TOTAL EQUITY AND LIABILITIES 3,163,829 3,182,951
Net assets per share attributable to equity holders (RM) 1.85 1.87
Number of ordinary shares net of treasury shares 967,991 967,991

This is the worst quarter...

Coming quarters should be profitable, I believe Election lah.... Costs shot up for some reasons, perhaps.

The company has 70,000 hectare oil palm plantation with most of it at the prime mature years, now average 8-9 years... Yields would be picking up for the next 10 prime years ahead.. (the formula 7+10+7...for oil palm..)

Comparing Jtiasa with IJM PLANTATION which is a pure oil palm business with about
60, 000+ hectares (about 25,000 hectare in Sabah and another 35,000 hectare in Kalimantan) ...it has 6 palm oil mills with total processing capacity of 350mt of FFB per hour...

IJM plantation total number of shares about 880,000, 000 and share price 2.30, market cap of RM2. 02billion. It has net borrowings of RM523 million.

Jtiasa, 977, 000, 000 shares now @0.765,
Total oil palm plantation 70,000 hectare and 4 palm oil Mills total annual processing capacity of 1.7+ million metric tons of FFB

Market Cap now for Jtiasa is about rm750M and net debt (borrowings minus cash) of rm953 millions..

Market Cap + net debt =RM 1.703B

Assume all other assets are free to the shareholders, the cost per hectare of the oil palm plantation is rm1703 million/70,000
i. e. RM24, 330 per hectare or RM 9, 846 per acre..

It is cheap... isn't it?

The current price has fallen to that in August 2009, and Jtiasa has no oil palm plantation then as it just started planting... hehe

How low can it go?

There are govt guaranteed debts, off the Balance Sheet, hidden under Special Purpose Vehicle, SPV, to build mega infrastructure projects like the MRTs, ECRL, HSL and Borneo Highway.... So the actual debt is higher...

Toll Concessions benefit cronies. PH Govt unlikely would foot the bill. You will be naive if you think the concessionaires would still can get good deals.

Just keep your fingers crossed... The Govt has more problems to deal with and may not be the Sanda Claus to Ekovest shareholders but answerable to the RAKYAT...

Good luck

If not mistaken, EPF's INVESTMENT in Duke 1 & 2 carries a GUARANTEE of 10% IRR per ANNUM.

Bandar RIMBAYU, WCE'S 40 % worths about RM 1 billion, taking the land price @RM30 per sq ft. It is slightly more than WCE's market Cap now.

However, if PLUS highway could be made Toll free, since originally the Concession, as I read in this forum, should have ended by 2018 and If that is the case, it will impact severely on WCE's toll business irrespective of whether it will be toll free or not. The compensation could come in the form of the Construction cost ++++?

The market gave good valuation to Ekovest and the share price shot up after EPF bought 40% Duke 1&2 for rm1. 13b with an IRR of 10%.

IF, the big IF, the government's compensation for taking over the Duke Highway is cost +++, would Ekovest buy back the 40% DUKE 1&2 at the original selling price of rm1. 13B plus 10% return per annum from EPF should the Govt's compensation is less favourable than what EPF paid for?

This is something to wary about...

Just to look at any possible worst scenario..

Sorry folks, this may sound very pessimistic..

PH didn't promise to abolish tolls in the first 100 days, though promised to abolish them in stages. It will take time and they have to follow the rule of law, to renegotiate the terms at best, to the agreement of the interested parties. It is not an easy task and I don't think there will be any immediate concrete solution to be announced this week....


http://says.com/my/news/10-janji-100-hari-pakatan-harapan-promises-for-their-first-100-days-if-they-win-ge14

How to evaluate stocks which were previously politically linked? It has so many uncertainties as to their ability to continue winning jobs or contracts...

Date of change Shares Director/
Substantial Shareholder
18 May 2018 Acquired
200,000 Tan Sri Dato' Tan Boon Seng @ Krishnan

How to deal with EPF 's interests in Highway Concessions?

There must be a fair deal as the contributors money and interests are at stake..

https://www.thestar.com.my/business/business-news/2017/09/13/epf-uem-not-selling-stakes/

The Government of the day cannot and would not simply rob the Business World unless the Concession agreement is very unfair and warrant for a review otherwise there would not be confidence in the business world and the economy could not move forward and be propelled by the Private Sector.

The Government must be fair and uphold justice and the rule of law to thrive the economy. Could not simply force the rule of the Jungle upon the business world. Tun Daim was a businessman and he definitely understands.

Just look at the balance sheet will give a guide, I presume.

NTA per share as at 31/12/2017 is rm 0.94

The Concession asset is rm3.6 Billion, should be Duke 1,2 and 3...(EPF paid rm1. 13 billion to secure 40% of Duke 1&2).

Share price likely have overshot to the lower end due to very pessimistic sentiment... Just my 2 sen :)

If PLUS North South Highway is made Toll Free as they had been talking for a long time and since the Highway has been collecting Toll for such a long time... quite surprised that there is still a rm23 bil loan.
the traffic in WCE would be affected significantly if plus is made toll free..

That is my concern..

Bye bye folks...
Good luck

If you don't know of Fibonacci, then don't simply pluck a figure..If you know please explain how do you arrive at 1.10
We are here in the forum to discuss..

you seems unable to explain and resort to personal attack using different names..

This is very uncivilised and acts of a loser

I pocketed my profits and enough to go Europe for 2 weeks holiday.. Hehe..

Who is stupid?

Hahaha

kyy_superinvestor

Please share how do you arrive at 1.10 support level based on Fibonacci.

Thanks

Historical high 2.82
Historical low 0.21
Fibonacci 61.8 %retracement from 2.82 to 0.21 is 1.21

0.21+0.382x(2.82-0.21)=1.21

Those who are still waiting @1.10, likely would say bye bye...

Sorry folks..

61.8% Fibonacci retracement from historical high to historical low is at around 1.21

Sorry, the 6 sen dividend for FY 17, will go EX on 30th May and payable on the 13th of June.

It’s less than a month from now. :)

6 sen dividend in less than 2 months would be paid. Ex dividend the price would be about 1.20

If assume same dividend of 6 sen per annum, the yield would be 5%.

EPS last year was 12.5sen, PE about 10

Good Track records. REVENUE on the rise and is expected to increased in the current year.

DR NEO SOON KIAN invested in this counter since more than 10 years ago. Now holding more than 2 millions shares under Neo Cho Ee Sdn Bhd.. He didn't sell ever since..

ODM is already good.. Just focus here as the clients are big corporations with established brands and distribution channels. IQ is a very small company.... It needs to sit on the shoulders of the Giants...

OBM is own brand and own designs. Need time to establish branding to gain acceptance from customers. To establish own brand and create brand awareness is very costly and take long time... Need a lot of advertising and promotions... and channels to reach customers...

Management already refocused back to ODM... Hopefully will deliver good results just like FY 16 AND FY 17...

Yalor.. LOI loh...
If PH won the election, no more HSR loh very likely loh..
Many Mega projects would be reviewed loh..

IQ just sticks to ODM will do well..

If I have seen further than others, it is by standing upon the shoulders of giants.

*Isaac Newton*

IQ GROUP just concentrates on ODM, riding on the shoulders of the the Giants, who are their clients, could also rise to high levels..

The global LED lighting market is expected to be valued at USD 92.40 Billion by 2022 and is expected to witness a shipment of 14.01 Billion units by 2022, at a CAGR of 13.66% and 21.23%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and high penetration of LEDs as a light source in the general lighting market are expected to drive the growth of this market. The base year considered for this report is 2015, and the market size forecast is provided for the period between 2016 and 2022.


https://www.marketsandmarkets.com/Market-Reports/led-lighting-market-201130554.html?gclid=Cj0KCQjw8YXXBRDXARIsAMzsQuWZ_5eAaa4nd9QXuGvc9HLadXFp-3ouTED-yys9usPiCzoOw6UHtUYaAgwMEALw_wcB

PDP on HSR already awarded to Gamuda consortium. Announced already...

Already bottomed.....

Dirt Cheap!
Net Cash 55 sen per share.. ZERO debt...
FY 19 should recover as Management now focus back on the ODM business.

Restructured R & D TEAM and allocated more resources to ODM.
Built another R & D team in China, apart from the Penang and Taiwan Team.

LIST OF TOP 30 SHAREHOLDERS
As at 19th March 2018
No. Name Shareholdings %
1 RHB Nominees (Tempatan) Sdn Bhd
Malaysia Hengyuan International Limited
153,069,002 51.023
2 Kam Loong Mining Sdn Bhd 4,800,000 1.600
3 Foo Khen Ling 4,398,000 1.466
4 Kenanga Investment Bank Berhad
Ivt (EDSP-NAGA 8-DO)
3,643,100 1.214
5 CIMB Group Nominees (Tempatan) Sdn Bhd
CIMB Bank Berhad (EDP 2)
3,516,700 1.172
6 Maybank Investment Bank Berhad
Ivt (9)
2,184,000 0.728
7 Tan Kah Hock 2,107,000 0.702
8 RHB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Ashfak Ahmad Bin Alarakha
1,863,700 0.621
9 CIMSEC Nominees (Tempatan) Sdn Bhd
CIMB Bank For Deva Dassan Solomon (My1091)
1,650,000 0.550
10 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Helina Shanti Solomon (7001761)
1,426,000 0.475
11 HSBC Nominees (Asing) Sdn Bhd
JPMCB NA For New York State Common Retirement Fund
1,278,600 0.426
12 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
1,265,947 0.422
13 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Inbamanay A/P M J Arumanayagam
(8061712)
1,100,000 0.367
14 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Deva Dassan Solomon
(8041850)
1,010,000 0.337
15 Cartaban Nominees (Asing) Sdn Bhd
Exempt An For State Street Bank & Trust Company
(West CLT OD67)
1,009,900 0.337
16 Ashfak Ahmad Bin Alarakha 978,500 0.326
17 RHB Nominees (Tempatan) Sdn Bhd
Ashfak Ahmad Bin Alarakha
970,000 0.323
18 Wong Siew Fah 910,000 0.303
19 RHB Investment Bank Berhad
IVT “SW BOOK 1”
890,500 0.297
20 Citigroup Nominees (Asing) Sdn Bhd
CBNY For DFA Emerging Markets Small Cap Series
846,300 0.282
21 Citigroup Nominees (Asing) Sdn Bhd
UBS AG For Arrowstreet International Equity - Alpha Extension Fund
823,600 0.275
22 Eletechnics Sdn Bhd 800,000 0.267
23 Malaysia Nominees (Tempatan) Sendirian Berhad
Lee Foundation, States of Malaya (00-00197-000)
790,000 0.263
24 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Selina Sharmalar Solomon
(8112136)
770,000 0.257
25 Citigroup Nominees (Asing) Sdn Bhd
CBNY For Emerging Market Core Equity Portfolio DFA Investment Dimensions
Group Inc
751,800 0.250
26 UOB Kay Hian Nominees (Asing) Sdn Bhd
Exempt An For UOB Kay Hian Pte Ltd ( A/C Clients )
725,750 0.242
27 HLB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Deva Dassan Solomon
711,400 0.237
28 Law King Yong 700,000 0.233
29 Reuben Tan Cherh Chung 700,000 0.233
30 HSBC Nominees (Asing) Sdn Bhd
TNTC For Stichting Blue Sky Active Equity Emerging Markets Global Fund
692,000 0.230

IF PH come to power, Hengyuan would be pushed to XX. 00

Haha! Just kidding.. :)

ORIGINAL POST
COPIED FROM FACEBOOK OF
MUSTAPHA KAMIL
(former group editor of New Straits Time, Malaysia)

Jika saya pemimpin parti memerintah, saya akan berasa sedikit takut melihat keadaan di Pagoh malam tadi. Mengapa? Begini lah:

1. Lebih 10,000 rakyat berbilang kaum yang hadhir. Saya sendiri yang sudah berkali-kali menyaksikan kempen pilihanraya sebagai wartawan akhbar, terperanjat dengan sambutan terhadap Pakatan Harapan ini.

2. Mereka bukan datang untuk mendengar sahaja ucapan-ucapan politik. Mereka mahukan sesuatu. Mereka mahukan perubahan dan mahu mereka yang diatas pentas melaksanakannya.

3. Adalah silap bagi penganalisa politik menyangkakan rakyat jelata tidak faham mengenai 1MDB. Mereka mungkin tidak faham teknikalnya, tetapi kepimpinan PH ini menggunakan bahasa mudah seperti 'pencuri' dan 'penyangak'. Itu semua orang faham dan marah.

4. Cukai GST adalah satu isu yang dibenci rakyat. Setiap kali pemimpin PH melaungkan akan memansuhkan cukai ini, ia disambut dengan sorakan.

5. Media pro-kerajaan masih takut menyatakan sambutan orangramai terhadap PH ini. Diberitakan ada yang lapurkan cuma 800 yang hadhir. Lapuran begini cuma mendalamkan lagi lubang kubur media pro-kerajaan ini.

6. Najib adalah liabiliti pada partinya. Individu-individu yang saya temui semuanya ada satu persamaan. Mereka cukup membenci Najib.

7. Keputusan parti-parti pembangkang menggunakan satu lambang ia itu lambang PKR sudah diterima sepenuhnya. Penyokong-penyokong DAP yang saya temui sebaliknya berkata mereka rasa lebih yakin kerana semua parti pembangkang kini mempunyai satu tujuan dan bergerak dibawah satu lambang.

8. Jika sambutan begini berterusan terhadap PH, pakatan memerintah Barisan Nasional patut berasa takut.

Judging by the goings, PH has a good chance. If that comes true, just hope that the hand over would be smooth and non eventful. Else we will have turbulences in stock market....

Momentum mentioned referred to political momentum..

The momentum is building stronger and stronger... day after day... Don't you sense and feel it so?

The biggest risk in investment is not what you know. It is what you don't know " what you don't know". Just sharing...

Just hope you 1...6....8....

IF, THE BIG IF, after May 9th, there is political instability, share prices are anybody's guese... Be cautious..

Never say anything possible or impossible...

Things can turn out to be very good or very ugly..