Posted by sense maker > 2024-05-30 18:53 | Report Abuse

Just my guess and views, high costs of operation may be due to:
1) Salary increase beginning 1.1.2024
2) Certain subsequent cost incurred relating to the newly acquired subsidiary of RM52m that couldn’t be capitalised.
3) RM3m of negative fair value changes.
4) High fixed operating cost structure that didn’t go down despite lower production activity.
5) Higher fertiliser and other direct costs like more staff recruited ahead of coming good seasons.
6) Management delayed many items of cost from last quarter to this quarter, making the former seemingly so good and this quarter so bad.
7) Hanky-panky.

Note that this counter moves up or down ahead of result announcements. Calvin trumpeted this counter nonstop before the price suddenly collapsed from RM1.54 to RM1.15. Then he disappeared. I guess he will be back when the operators ask him to again. Operators know the results 1 month ahead of many. Don’t try to time it too much. Hold for long term if you trust the management. Otherwise you may choose to sell, especially when the price recovers a bit from here.

Posted by Ravi1969 > 2024-05-30 18:58 | Report Abuse

lol so much for BS of calvinteng

Posted by Sslee > 2024-05-30 19:19 | Report Abuse

Q3 end 31/3/2024: Q3 end 31/03/2023
RM'000: RM'000
Revenue 209,529: 176,358
Cost of sales (173,515): (144,522)

The cost increase of RM 29 million this year quarter compare to last year quarter look very suspicious. Or maybe the company give 12 months bonus to all the staffs.

Posted by Patient Investor > 2024-05-30 19:51 | Report Abuse

There's nothing suspicious.

Jayatiasa include labour cost as part of the cost of goods.
They have to pay all the foreign labours all year round regardless low or high crop, hence during low season the gross margin will fall be low 20%.

Dont be lazy, you just need to look back '23 same qtr will do.
:P

Posted by Sslee > 2024-05-30 20:12 | Report Abuse

I am talking about quarter 3 end 31/3/2024 compare to last year same quarter 3 end 31/3/2023 the cost of sales in absolute value increase by RM 29 million from RM 144.5 miion to RM 173.5 million.

By the way the for whole year end 31/06/2023 : Total employee benefits expense RM 100,199,000

Posted by Patient Investor > 2024-05-30 22:04 | Report Abuse

@sslee,
There's a labour shortage since covid for many quarters. the company pays a higher incentives to boost harvest.
The board has said they pay hire incentive tor longer working hours and local to harvest. Whether labour force target is met now is unknown.

Maybe ask @calvintaneng or wait till AGM.

Posted by Sslee > 2024-05-30 22:15 | Report Abuse

It is OK, anyway I already spare enough cash to buy slowly on the dip.

Posted by Save > 2024-05-30 22:50 | Report Abuse

Disappointed QR however share price already discounted poor QR.
From April 24, better QR4 is expected.
Hi, Patient Invester, can you help to check if Cash-borrowing still increase further than last Q?

[Free Cash Flow
Mar '23 Qtr : 3.3 million
Mar '24 Qtr : 35 million (10x)]

Posted by SuperA > 2024-05-30 23:31 | Report Abuse

Taann add back the "Fair value of biological assets" RM8.4 million in this Q, last Q is deduct RM32 million, Jtiasa pula deduct "Fair value changes in biological assets" RM3.1 million in this Q, last Q is deduct also RM31 million. Just wonder why.

Posted by Save > 2024-05-31 00:30 | Report Abuse

😅To add back next Q, Hide the profit for next super Q?

Posted by TiffanixLVxHermes > 2024-05-31 09:08 | Report Abuse

will collect some if fall below 1.10
😥😥😥😥

Posted by skyjet > 2024-05-31 09:11 | Report Abuse

Sapu all Jtiasa at 1.12. The worst is over, sky is limit.

Posted by mamakspecial > 2024-05-31 09:19 | Report Abuse

just slightly lower than previous quarter..market reacts as if the company is going bankrupt today..eps and revenue all higher than previous years...and cash flow is so high...its just those call warrant people want push the price down as much as possible ..

Posted by dompeilee > 2024-05-31 09:19 | Report Abuse

Keep busily collecting...hopefully, y'all won't have to get stuck for the next 5-10 yrs...

Posted by skyjet > 2024-05-31 09:23 | Report Abuse

Is good time to collect JTiasa. RM2 coming soon.

Posted by skyjet > 2024-05-31 09:25 | Report Abuse

Collect again at 1.11. Please sell more to me.

Posted by sense maker > 2024-05-31 09:26 | Report Abuse

Target eps for FYE 2014 is revised down from RM0.2 to RM0.18. Target price is reduced from RM2.2. to RM1.80.

Posted by skyjet > 2024-05-31 09:28 | Report Abuse

Faster sell to me 1.11. I am going to push up this evening.

Posted by Ytl2023 > 2024-05-31 09:40 | Report Abuse

Dompeilee is specialist at being stuck. Always share. Up then this soheem remember he magically still have share.

Posted by sohaitrader > 2024-05-31 09:51 | Report Abuse

hahaha mana Speak up ? shout so loud when price above 1.40 ... now dah hilang ? where is d confidence level .. Fxxk yxx dis kind of ppl .. always lure my abang daigoh here to chase high .. please help to report his comments every TIME ! Please !

Posted by dompeilee > 2024-05-31 09:56 | Report Abuse

Ytl2023:
Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD

2 weeks ago | Report Abuse

OK re-enter at Rm1.22 many. Too cheap price already compare to outside



And now it's your turn to be stuckkkkKKKKK😁😂🤣Sohzaaiiii🙄

Posted by eugenewong794 > 2024-05-31 10:01 | Report Abuse

You can never buy at lowest price, sell at highest price, dun bother trying to time the market, stocks with good fundementals if dump its basically on sale, the only qs is how long will it take market to realise its true value, but for small fish like me, longer time means more time to accumulate

Posted by fruitcake > 2024-05-31 10:04 | Report Abuse

what happen to jtiasa

Posted by eugenewong794 > 2024-05-31 10:10 | Report Abuse

market didnt like the QR but if u look their Q3 always the weakest quarter, and if look at OCF and FCF its going up, and managemen is paring down long term debt very aggresively q1 27mil> q2 61 mil and q3 105mil

Posted by TiffanixLVxHermes > 2024-05-31 10:13 | Report Abuse

Jtiasa is having month end promotion due to explosive 💥💥QR
🎉🎊
😎

Posted by eugenewong794 > 2024-05-31 10:17 | Report Abuse

and by paring down debt with FCF, the finance cost slowly coming down q1 5.3m > q2 4.9m > q3 4.3m

Posted by Sslee > 2024-05-31 10:18 | Report Abuse

Already load up at 1.12, 1.11, 1.10 now q buy below 1.10

Posted by WilburR2 > 2024-05-31 10:22 | Report Abuse

yep loaded up as well.

Posted by skyjet > 2024-05-31 10:31 | Report Abuse

Collect again at 1.1.

Posted by TiffanixLVxHermes > 2024-05-31 10:35 | Report Abuse

can set lower price to collect 1.05?
it seems investors are very not happy with the QR
😥😥😥😥😥

Posted by Sslee > 2024-05-31 10:37 | Report Abuse

1.09 done still got q buy 1.08, 1.07, 1.06.

Posted by dompeilee > 2024-05-31 10:39 | Report Abuse

My only Japanese stock purchase since end-Mar, Shinto Co., going limit UP 2 days in a row 2day...Panamy flying shortly after I re-entered long @ $20.20 & finally JTiasa now $370 cheaper per lot compared to my last EXIT...immensely SATISFYING indeedyyyy!!! 🤗

Posted by Sslee > 2024-05-31 10:41 | Report Abuse

1 08 also done. Still got q buy 1.07, 1.06, 1.05

Posted by Patient Investor > 2024-05-31 10:42 | Report Abuse

@sslee what's the strategy on collecting every 0.01 sen down?

Posted by kohcl130562 > 2024-05-31 10:43 | Report Abuse

Any comments from Calvin?

Posted by fruitcake > 2024-05-31 10:47 | Report Abuse

i fainted🤒🤕

Posted by Sslee > 2024-05-31 10:47 | Report Abuse

Just for fun in collecting a falling knife.
Afterall jayatiasa 9 months end 31/3/2024 EPS is 12.91 sen

Posted by Patient Investor > 2024-05-31 10:50 | Report Abuse

@sslee why 0.01 sen apart instead of 0.05 or 0.1 sen apart?

Posted by Sslee > 2024-05-31 10:55 | Report Abuse

Above RM 1.00 one tik is 1 sen apart.

Posted by eugenewong794 > 2024-05-31 11:05 | Report Abuse

we get it dompeilee u manage to time the market, good job, clap clap, here's your cookie, now let see if u can consistently time the market over 30 years, oh wait u dun have >30 years left, the rest of us younger ppl have longer time horizon, short term price movements dun really matter as long as fundementals intact, I'd rather focus more of my time earning money to add to my portfolio than staring at the screen everyday trying to time market. And theres no need to feel too excited when you're right or feel too down when you're wrong, all these emotional high and lows not good for your aging heart

Posted by Berlin > 2024-05-31 11:06 | Report Abuse

Talk about high expectations colliding with low performance. There must be a lot of weak investors out there who can't stomach short term pain given this level of selling. The 3Q2024 result is not that bad even if a tad disappointing. A much better 4Q2024 plus a generous final dividend will generate a lot of regrets for these knee jerk sellers. FCF above 270 mil pa gives BOD room to declare final dividend 3.5 sen making a total of 6 sen FY2024. Let minorities get some decent money.

Posted by Patient Investor > 2024-05-31 11:09 | Report Abuse

@Save the nett cash position improve slightly from 16mil to 27mil

Posted by eugenewong794 > 2024-05-31 11:10 | Report Abuse

when a stock goes down, it makes me go back and redo all my research, which ends up strengthening my conviction and gives me confidence to average down, if i buy and it goes up then i might not have look deeper into the company cos i thought i was right untill its too late

Posted by Up_down > 2024-05-31 11:14 | Report Abuse

Price is dropping like no tomorrow flushing out weak holders. Time to add more. QR is acceptable as the FFB production was merely 10% higher than quarter 2023. Excluding RM 3 million biological losses, palm oil segment Operating Profit increased to 31.4m from 26.4m previously.

Posted by xiaoeh > 2024-05-31 11:40 | Report Abuse

wait below 1.00...

Posted by xiaoeh > 2024-05-31 11:45 | Report Abuse

Posted by SlowPoke > 1 minute ago | Report Abuse
Mr. market's grown depressive and create opportunity for those with cash
Furthermore the big junk of expenses for this QR is non-cash and mainly tied to production-related
cost depreciation. Just look at the cash flow statement will tell.

hence...
what is your conclusion SlowPok..?

Posted by LouisLim > 2024-05-31 12:27 | Report Abuse

FCPO rebound from bottom. FCPO 4050 now. Bought Jtiasa at 1.10.

Posted by xiaoeh > 2024-05-31 12:27 | Report Abuse

Thanks for sharing your thoughts, SlowPoke

Posted by investor77 > 2024-05-31 14:27 | Report Abuse

9 months eps, around 13 cents. April to June 24 results should be better if you see their past results. From comments in this group, it seems results not that bad as FFB production is at low cycle. Good if Company can give presentation/ comments of their results and give some hope to disappointed investors.

Posted by Sslee > 2024-05-31 14:39 | Report Abuse

What more information you want to make an investment dicision?
The Monthly production figure is announced every month in Bursa website and daily CPO price at MPOB website.

Just buy when everyone is selling and sell when everyone is buying.