Yes acquiring for expansion is a must but not buying into plantation with defective title mah!
Just Need to becareful loh!
I remember TSH did sell these land to KLK and a conditional S&P was even signed mah!
But after due diligence KLK cancel the deal it and later buy IJM Plant mah!
This is the same story quite similar to, where Dutaland sold their sabah plantation land to IOI and a conditional S&P was signed but after due diligence IOI revoked the deal mah!
Dutaland has no choice but look for another suiyee loh!
They found another suiyee BPlant...that bought it over from dutaland loh!
The rest is history loh....after Bplant bought over the plantations, its share price collapse to as low as below 40 sen loh....bcos of losses in this investment loh!
Be very cautious with this TSH land deal loh &.... try to ask why KLK rejected the conditional S&P leh ?
Better wait for finalization of the deal 1st mah!
This to avoid uncertainty mah!
Better look into Taann, Bplant and swkplant 1st loh!
Posted by calvintaneng > Dec 12, 2021 12:37 PM | Report Abuse
hahaha
yes Klk seeing huge profit surge from cpo rising all the way from Rm1700 a ton to cross Rm4000 per ton cannot wait for Tsh, so they cancelled the deal and SWALLOWED UP ALL THE SHARES OF IJMPLANT AND DELISTED IT
With net cash position of 4.50 per share, you are getting Oriental's 40k hectares oil palm plantation for free. Not to mention others profitable business ventures and its impressive portfolio of overseas assets.
Increasing dividend yield. Expecting 5%. Last quarter paid 10c despite direct impact on its automotive and hospitality industry. Expect higher dividend payment for quater ending december 2021
Down to earth but sure win business strateges focusing organic growth based on Oriental's business growth history
Based on its historical share price movement, target price of 6.50 to 7.00 is easily within reach in the next 6 months
Not a multi bagger but a good hedge against inflation and a long term investment
@calvintaneng, plantations land in Kalimantan, Sulawesi, Sumatra, East Timor n East Papua r all on land lease with d Indonesia's govt! they r not for sale but allowed takeover (if they failed or r not genuine developer) by another company with d consent of BUPATI, Indonesia. Those plantations land cultivated by WILMA, KLK, TSH, UMCCA n others foreign countries r all firstly given HGU (Had Guna Usaha) by BUPATI (local provincial govt) for oil palm cultivations. There r sets of agreements like developing PLASMA land (oil palm land for local farmers/rakyat) n CSR's commitments eg. building roads/bridges for locals. Once they succeeded to plant large hectares of oil palm land, they need to obtain a land lease agreement (10yrs to 25 yrs/1st n 2nd generations oil palm crop) of d matured oil palm land subject to paying a fees to d provincial govt n likewise hv to do SED works eg, housing/schools n clinics for locals/rakyat. Eventually, they need to build a palm oil mill to process their own FFBs n to buy d locals FFBs (economy for d rakyat).
So, don't ever think d plantations companies owned d agriculture land or is their assets! they only leased from d provincial govt for their agriculture businesses to churn revenue n their profits! They also hv to pay fees n taxes for their activities n profits!
Oriental has more than Rm 3 billion net cash whereas Tsh has more than Rm 1 billion debts loh!
Tsh Nta has about Rm 1.25 whereas Oriental exceed Rm 10.00 per share mah!
Oriental pays dividend about 30 sen to 50 sen dividend per share...and can afford to pay since it hold about Rm 4.00 net cash per share mah!
In terms ha...Tsh plantation is slightly bigger than Oriental loh!
However Oriental has depth in its assets value beside plantation...it hold many valuable properties in the world, it has a few good manufacturing companies and car distribution especially honda.
In addition oriental hold more than a billion worth of share investment mah!
How can blue chips Oriental is less valuable than TSH where its plantation in indonesia that KLK has doubt & walk away after due diligence leh ?
Posted by calvintaneng > Dec 12, 2021 1:44 PM | Report Abuse
Oriental is 90% into Motor Vehicle production (too little palm oil)
Correctloh...just ignore the TSH land sales profit...which has not even materialize loh, now still pending due diligence findings mah!
Posted by Investorrr > Dec 12, 2021 11:11 AM | Report Abuse
if long term investments, better hope and forecast into TSh 's core earnings only.hope for consistently palm oil price above rm5k per ton for 1st half in 2022.The land sales profit is just a one time profit.
How can Oriental be a value trap when it has an expanding plantation and medical businesses apart from their profitable automative, plastic and quality property portfolios which are expected to recover post MCO. The term value trap is used loosely without understanding what it really means.
A company in cyclical business is value trap if caught at the wrong end of the cycle not a company that cobsistently delivers value with increasing dividend
While I agree with the potential spike of plantation stocks, I do find Calvin sometimes contradicts himself to justify the company he favours.
It is very good for TSH if the land disposal in Kalimantan can go thru. It's only at heads of agreement stage , no SPA yet. A lot more details and conditions to work out especially the condition on conversion from HGU (right to use for agriculture) to HGB (right to use for building). I think this will be the biggest hurdle to cross, not a easy hurdle.
This is why Sabah Govt has roped in Tsh to manage Innoplant
By the good leadership of Tsh Directors on Innoplant BOD (board of directors ) Innoplant is now rewarding high dividend payout to Sabah Govt , shareholders and Tsh as well as it owns 21.94% of Innoplant shares
This is another good example of how Tsh management create and increase value for all shareholders of Tsh
calvintaneng : Heloo friend/// heheheh i see u are lying in this counter today!!! Good .. it make u feel alive? Ok ok... shhhhsh I wont tell anyone what a snake u are...
Sorry people, calvintaneng is a very good investor and can read the market like Warren Buffet...
LOL even WArren ask calvintaneng for advise and often buy calvintaneng breakfast by paying RM1 million per session.....
The sabah Govt may have regretted on 2nd thought loh!
Raider already highlighted...that Inno...had a material litigation with its land owner partner mah! ' In the respect of land rental mah!
From what i read Inno or Tsh management try a pull a fast one on its govt allies...resulting in litigation mah!
Does not look good on corporate governance loh!
1. Major litigation under INNO!
2. KLK walk away from TSH after due diligence on plantation land purchase loh! Everyone knows KLK people are very honest business man...they will not do that...unless they are major issue on land....they discover during due diligence mah!
3. The current purchaser...are local people....they maybe even more familiar with indon land deals...it will be a big hurdle to pull thru for TSH....for the sales to be completed mah?
Posted by calvintaneng > Dec 13, 2021 8:18 AM | Report Abuse
Good profits for shareholders ?
This is why Sabah Govt has roped in Tsh to manage Innoplant
By the good leadership of Tsh Directors on Innoplant BOD (board of directors ) Innoplant is now rewarding high dividend payout to Sabah Govt , shareholders and Tsh as well as it owns 21.94% of Innoplant shares
This is another good example of how Tsh management create and increase value for all shareholders of Tsh
Correct loh...Good dividend of INNO may not be sustainable...bcos of Inno....is over reporting profit & under paying its....business allies mah!
TSH knows they need to pay high dividend on Inno...bcos their days are numbered bcos of the litigations & high chance their concession will be terminated loh!
Better sapu...whatever money in the kitty 1st loh!
So what is your price target for TSH Resources? Already established some position and would further add if there is any more development to the existing business.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stockraider
31,556 posts
Posted by stockraider > 2021-12-12 12:33 | Report Abuse
Surely if buyer like it so much they still can enforce "specific performance"....whether u like terminate or not is not an issue for them mah!
The sale can still be done loh!
This is the gist of the contract mah!
I think your case had not reach the S&P level yet...could be just agent booking deposits only loh!
Posted by calvintaneng > Dec 12, 2021 12:27 PM | Report Abuse
Sure i tau
I just terminated sale of one house for Rm218,888
Now i raised the price to Rm298,888
Sure happy the buyer cancelled because i in Spore cannot sign S&P
Now Spore malaysia opens for travel and prices of houses also happily surged higher