Posted by Save > 1 month ago | Report Abuse

Therefore 2023 4Q EPS should read as 4sen and 2024 4Q should read as 3 sen

Posted by hng33 > 1 month ago | Report Abuse

Agreed to compared PBT fot clearer insight.

Posted by Sslee > 1 month ago | Report Abuse

Look like the cost of sales is high.
Most likely they applied more fertilizer during 1st half of the year.
2nd half will be peak FFB production period and if CPO can hold above RM 3,900 if will be another good year for Jayatiasa.

Posted by s3phiroth > 1 month ago | Report Abuse

lame result is always expected for the 1st half of the year but it is game on time now haha!

Posted by Sslee > 1 month ago | Report Abuse

Net cash flows from operating activities RM 360,029,000
And with Capital Commitments
The amount of commitments for the purchase of property, plant and equipment not provided for in the quarterly report is as follows:
As at As at
30 June 2024 30 June 2023
RM’000 RM’000
Approved and contracted for 8,917 10,925

Can expect more dividend for coming year

12 months ended 12 months ended
30/06/2024 30/06/2023
RM'000 RM'000
Cash Flows from Operating Activities
Profit before taxation 206,593 166,797
Adjustments for:
Impairment of receivables - 112
Depreciation and amortisation 137,706 134,717
Fair value changes in biological assets 0 27,967 10,443
Gain on early termination of leased assets - (41)
Impairment on property, plant and equipment 2,389 2,190 2,389
Interest expenses 17,932 24,503
Interest income (9,035) (4,835)
Net loss/(from) on disposal of property, plant and equipment 10,030 (1,352)
Net unrealised foreign exchange gain (25) (185)
Property, plant and equipment written off 2,556 2,494
Provision for obsolete inventories 864
Operating cash flows before working capital changes 395,914 335,906
Net change in current assets (9,168) 23,479
Net change in current liabilities 5,095 (21,584)
Cash flows from operations 391,841 337,801
Interest received 9,035 4,835
Interest paid (17,932) (24,503)
Income taxes paid, net of refund (22,915) (20,945)
Net cash flows from operating activities 360,029 297,188

Posted by Save > 1 month ago | Report Abuse

Noted thanks. hng33 and SSlee, have to look forward QR

Posted by hng33 > 1 month ago | Report Abuse

The key is strong free cash flow and upcoming big increase in CPO production volume + higher CPO selling price. Dividend is additional bonus for your time to stay invested

Posted by Save > 1 month ago | Report Abuse

Any mentioned of loss in logging business in this QR?

Posted by eugenewong794 > 1 month ago | Report Abuse

If u read closely, paid down debt total 150m+ for FY24, 1 off 50m subsidiary, 40m dividends and taxation of ard 50m extra vs 2023, the FCF for FY24 is almost 300m plus, dividend payout ratio went from 20 to 40%, without all these 1 off expenses, dividends cud easily double, i expect FY25 to be great as management shown to be managing cost well as margins are maintaning

Posted by Johnchew5 > 1 month ago | Report Abuse

Haha Palm oil trees 20 years age is considered old trees … need Replanting latest by 25 years age .

TSH : average Trees age 13.4 years … Jtiasa : average Trees age 14.0 years …


👉 see Public Invest Research on TSH article:


👉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.


👉TSH :

PublicInvest ceases coverage on TSH Resource due to slow growth, sluggish FFB yield
By Faiqah Kamaruddin
May 21, 2024 @ 11:02am

KUALA LUMPUR: Public Investment Bank (PublicInvest) is ceasing its coverage of TSH Resources Bhd due to the company's limited growth prospects and sluggish fresh-fruit bunches (FFB) yield.
The firm said it is reallocating its internal sources to other sectors.


Investors should no longer depend on any of our financial forecasts for TSH Resources in making investment decisions, nor infer any adverse opinion as a result of our decision to cease research coverage," said PublicInvest.

In a research note today, PublicInvest said FFB production growth is anticipated to be subdued this year due to the sale of plantation assets in Indonesia and Sabah (13,214 hectares) over the past two years.

"Additionally, the average age of the plantations is increasing (currently 13.4 years old), and FFB yield remains low due to insufficient replanting activities in recent years," PublicInvest said.

Posted by Up_down > 1 month ago | Report Abuse

Dividend payout over PAT has increased to 41% or double of the last 2 years.

Dividend payout:

FY 2024 - 41% (6 cents / share )
FY 2023 - 20% (3.2 cents / share )
FY 2022 - 20% (2.8 cents / share )

Posted by hng33 > 1 month ago | Report Abuse

Recent strength in RM will give great relief for fertiliser import cost in USD

Posted by eugenewong794 > 1 month ago | Report Abuse

next catalyst will in oct, i expect johari to push through reduction of windfall tax for plantation
https://theedgemalaysia.com/node/717566

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Up_down > 1 month ago | Report Abuse

Operating Profit for Oil Palm segment is slightly below my expectation after excluding the effects of impairments/disposal PPE and FV Biological assets.

Adjusted Operating Oil Palm:
4th Qtr 24 - 39.5m
3rd Qtr 24 - 31.4m
2nd Qtr 24 - 106.1m
1st Qtr 24 - 109.9m
4th Qtr 23 - 41.7m

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Up_down > 1 month ago | Report Abuse

The company will be fully repaid the borrowing in the next 4 quarter by referring to the trend of the payment plans RM 50m per quarter. Expect a savings in interest expenses RM 18m per year.

Posted by Up_down > 1 month ago | Report Abuse

Posted by Save > Aug 30, 2024 6:39 PM | Report Abuse

Any mentioned of loss in logging business in this QR?

It could mis-reclassification between Log segment and Other segment. Save for the impacts of impairments/disposal PPE and FV Biological assets, Other segment shows operating profit 20.5m whereas Log segment reported an operating losses RM 19.7m for 4th Qtr 24.

Posted by Sslee > 1 month ago | Report Abuse

With 3.5 sen dividend this will push my dividend received for this year to over 200k+

Mike-tikus don't be jeoleous. Your jaks and Priva when can give dividend?

Posted by AlphaAdventurer > 1 month ago | Report Abuse

Steady dividend payout. Nice

Posted by Up_down > 1 month ago | Report Abuse

Second interim dividend 3.5 cents is far above my expectation. Thought the company would have proposed 2 cents /share.

Posted by hng33 > 1 month ago | Report Abuse

Good for Sslee to earn passive dividend income more than RM200k pa. JTIASA dividends yields is far better than insas or call warrant.

Posted by godhand > 1 month ago | Report Abuse

Posted by Sslee > 10 minutes ago | Report Abuse

With 3.5 sen dividend this will push my dividend received for this year to over 200k+

Mike-tikus don't be jeoleous. Your jaks and Priva when can give dividend?

hahaha dont like that

Posted by hng33 > 1 month ago | Report Abuse

But can balance portfolio with certain proportion for high dividend stock and stock high growth EPS

Posted by godhand > 1 month ago | Report Abuse

my dividend 40k+ this year have some catching up to do

Posted by hng33 > 1 month ago | Report Abuse

Sslee have more than RM 5m in portfolio, peg 4- 5% dividend yield stock will convincing give him RM 200k dividends income

Posted by Sslee > 1 month ago | Report Abuse

Market cap 1,081 million
Net cash flows from operating activities 360,029,000 FYE 30/6/2024
If CPO can hold above RM3,900 then plenty of room for Jtiasa price to move north.

JAYA TIASA HOLDINGS BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
1.11 +0.03 (2.78%) 1.08 - 1.13 2,357,200
Market Cap: 1,081 Million
NOSH: 968 Million
Avg Volume (4 weeks): 2,299,547
4 Weeks Range: 0.965 - 1.15
52 Weeks Range: 0.755 - 1.53

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by godhand > 1 month ago | Report Abuse

Posted by Sslee > 40 seconds ago | Report Abuse

Market cap 1,081 million
Net cash flows from operating activities 360,029,000 FYE 30/6/2024
If CPO can hold above RM3,900 then plenty of room for Jtiasa price to move north.

u can talk all u like but the risk is dividend policy is 20%. they can still fxxx u up by not paying u more dividend and spend like fxxx all. remember insas? hoard cash

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Sslee > 1 month ago | Report Abuse

Mike tikus jayatiasa Net cash flows from operating activities is positive RM 360,029,000 unlike your jaks twist and turn Net Cash generated from/(used in) Operating activities negative RM (25,718,000) into postive 25,718,000

3.) Net cash generated used in Operating activities: 25,718,000

Posted by Sslee > 1 month ago | Report Abuse

Jayatiasa dividend policy payout is min 20%.

Posted by Sslee > 1 month ago | Report Abuse

MPOB CPO spot average price for 2023 Jan-Dec
Average
3,922.00
3,908.00
4,159.50
4,217.50
3,795.50
3,525.00
3,897.00
3,805.00
3,727.00
3,640.00
3,700.50
3,656.50
MPOB CPO spot average price for 2024 Jan-July
Average
3,783.50
3,949.50
4,215.50
4,257.00
3,902.50
3,957.50
4,034.00

Posted by value_invest > 1 month ago | Report Abuse

Cash flow is the most crucial than any paper profit. More, increasing Dividend year on year is another proven that the company is turning point to North.. 6c is is v good, next will be better. Good!!!

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnchew5 > 1 month ago |

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Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

Expect increasing dividends in the future. FCF RM293 mil. RM154mil used to repay borrowings.

Similar to last year, FCF RM241mil, repaid borrowing RM155mil and RM31 dividend payout. Borrowings in B/S left RM194mil. Another 1 year FCF will wipe that off from B/S.

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnchew5 > 1 month ago |

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Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo Mike-tikus dis you read and understand the below: Cash flow is the most crucial than any paper profit.

Why must you twist and turn jaks Net Cash generated from/(used in) Operating activities negative RM (25,718,000) into postive 25,718,000?
And
Why must you promote jaks in every forum you go?

Did you know 30% JHDP associate company of jaks share of profit is only a paper profit?
What important is the ability and record of JHDP paying dividend?

Posted by value_invest > Aug 30, 2024 7:47 PM | Report Abuse
Cash flow is the most crucial than any paper profit. More, increasing Dividend year on year is another proven that the company is turning point to North..

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo
Mike-tikus still kaki kong, kaki song.

For all we know you trapped yourself in Jaks, Priva and capitalA, what growth and dividend stocks are you talking about?

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Johnchew5 > 1 month ago |

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Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo Mike-tikus cannot understand what is trading for my free bintang beer and lobster, what is Omesti-PB and omesti and what is growth and dividend stocks?

Yinson is growth stock
Jayatiasa is dividend stock and hopefully growth stock utilised their excess FCF
Pantech is growth and dividend stock
Insas is value trap stock

Posted by Johnchew5 > 1 month ago |

Post removed.Why?

Posted by Sslee > 1 month ago | Report Abuse

By the way Jaks, Priva and capitalA gruesome stocks

Posted by Johnchew5 > 1 month ago |

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Posted by Sslee > 1 month ago | Report Abuse

SCIB will be the turn around stock while jaks will be forever PP and RI stock.