Posted by Sslee > 2 weeks ago | Report Abuse

In 2018 Bplant bought 11,579ha of duta plantation land for RM 750 million.

Boustead Plantations shareholders approve buy of Dutaland's oil palm estates
By OOI TEE CHING
April 13, 2018 @ 1:46pm

Boustead Plantations shareholders approve buy of Dutaland's oil palm estates

PETALING JAYA: Boustead Plantations Bhd (BPB) has obtained shareholders approval today the purchase of oil palm estates purchase in Sandakan from Dutaland Bhd for RM750 million.

In a media briefing after the company’s shareholders meeting, BPB vice chairman Tan Sri Lodin Wok Kamaruddin said the 42 contiguous parcels of plantation land in Sandakan, held under Dutaland’s unit Pertama Land & Development Sdn Bhd (PLD), measures a collective 11,579ha.

Posted by Sslee > 2 weeks ago | Report Abuse

With an area of 295 km2 (114 sq mi), Penang Island is the fourth largest island wholly in Malaysia, after Banggi Island, Bruit Island and Langkawi Island.

Bruit Island is an island in Daro District, Mukah Division, Sarawak, Malaysia. It is located in the Rejang Delta, 150 km northwest of Kuching. With a population of around 9,342 and an area of 417 square kilometres

Bruit Island land area 41,700 hectare of which 21,000 hectare jtiasa plantation:
Wealth Houses Plantation 6,000
Eastern Eden Plantation 10,000
Poh Zhen Plantation 5,000

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho someone is really ran out of idea , so desperate liaw … Bplant ? Really laugh live me long time ago :

1.) On Bplant :


After Lee dumb dumb hold Bplant did not sell at RM 1.20 n above , suddenly dumb dumb sold at ard RM 0.67 with Cost ard RM 0.67 ( holding since 2017 ) . The price is rebounded from RM 0.64 to RM 1.01 within 11 Days .


Lee must be amm dui liaw , became a Negative commentator in Bplant forum , saying Shl be dropped below RM 0.60 , what a joker le or sot2 le , hahahaha.


More Amm dui lee as Last Price is RM 1.57 before Privatisation delisted….

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho To be or not To be Sawah Padi land …Don’t play play with Sarawak Premier le .👍

Posted by Sslee > 2 weeks ago | Report Abuse

I make money from Bplant as I bought Bplant when Bplant sold the plantation land in Johor to ytlpower and gave good dividend.

I sold all my bplant before the GO as from Bplant monthly report of FFB havested the quarterly report will be ugly.

I make money from trading gruesome companies like bplant and jaks but Mike-tikus trapped himself high and dry inside gruesome company Jaks.

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho why so sour until became Negative commentator after sold Bplant .hahaha


Oh as usual you told lies on yr 1st n Only Win since investing from 2016 to 2023 .

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho oh u forgotten u r so jealous until told lies by lies on yr 1st Win then another lie on MMC ( profit RM 180,000 ) which u thanks me on highlighted in Insas .

I had CutWin on Zelan ( calculated risk stock ) with MMC ( Zelan mother ) during MMC privatisation on 2021 … only made profit 100 % to 200% … Jealous le ke .. cheers .

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho is not pure luck as I had monitored MMC business transactions on selling overseas port , bought Boustead Leisure port together with West port , with intention to consolidate Ports business for IPO .. but did not happen after 2 years ..

Just like Armada Big Boss case on privatisation then IPO again .

Posted by Sslee > 2 weeks ago | Report Abuse

Again when Mike-tikus can't debate on facts and figures he will go back to his cut and paste gibberish and slanderous.

Posted by jjohnchew > 2 weeks ago |

Post removed.Why?

Posted by Sslee > 2 weeks ago | Report Abuse

Luckily today he is keep busy in jayatiasa forum if he go to ytlpower forum all the sifus will hantam him kua kua.

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho no worries, these r yr interesting record le , hahahaha.

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho YTLpower ? Oredi given my Negative facts n figures study …

And chun chun on my Point 1 ( Peak Range ) , Point 2 ( Slide down , as said not in YTLpower case , but slowly slide down for unloading due to FF manager large volume) , Point 3 ( swing swing swing range ) , Point 4 ( Downtrend range if dropped below RM 3.81 ) ..case study .

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho oh as posted in YTLpower, Point 3 ( Swing Swing Swing range ) Shl not be over RM 4.60 …

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho no la , OTB is ok if posted facts n figures. Ssleee is so jealous le during I am promoted Hiaptek together with OTB .. tried to mislead the promoter .

Posted by Windy1974 > 2 weeks ago | Report Abuse

I always thought that one best measurement of plantation company is production yield per acre/hectare? That's why IOI and KLK are priced at a premium?
The reason i didn't acquire plantation lands was because the ROE was so low. With the return, i might as well put the money in FD and sit there do nothing. That's what a lot of the Tiong family members are doing now.
By the way, Sarawak government is mulling the possibility of plantation companies returning 25% of their land for title renewal. I would say the possibilities are high so better avoid plantation companies with Sarawak lands. Also, anyone in plantation would know that Sarawak plantation lands are the cheapest in Malaysia. You buy cheap you also sell cheap

Posted by Sslee > 2 weeks ago | Report Abuse

Below data complied by 3iii,
I will keep my Jayatiasa for dividend (2.5 + 3.5) sens.

Anyone can find me one with
Market cap 1.042b
NCF from operating activities 360.0 m

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ 12 months FYE 30/6/2024

INCOME STATEMENT
Revenue 1,015.8 m
Gross Profit 305.7 m
Operating Profit 227.2 m
Finance costs 18.5 m
PBT 206.6 m
Net Profit 141.1 m

BALANCE SHEET
NCA 1,595.6m
CA 395.7m
TA 1981.3m

CL 141.9m
NCL 175.6m
TL 454.2m

Equity 1,527.1m

Cash & Eq 283.0m
STL & Borrowings 57.7m
LTL & Borrowings 136.6m

Net Asset per Share 1.58
No of ord shares 967.991m

CASH FLOW STATEMENT
PBT 206.6m
D&A 137.7m
OCFBWCC 395.9m
CFO 391.8m
NCF from operating activities 360.0 m

Acquisition of subsidiaries (52.3m)
Acquisition of PPE (49.3m)

Dividend paid (40.7m)

FINANCIAL INFORMATION
JTIASA
Share price 1.070
Market cap 1.042b
ROE 9.14%
P/B 0.68
NTA 1.58
EPS 14.44 sen
PER 7.41
DPO policy 20%
Dividend 3.2 sen
DY 2.99%

FCF 307.4m
10/09/2024 4:13 PM

Posted by value_seeker > 2 weeks ago | Report Abuse

Will drop after ex as Bursa is in Bear market. Only reason index high is finance sector support the rating. Otherwise we will be in 1500s

Posted by value_seeker > 2 weeks ago | Report Abuse

Need to time your buy in line with market sentiment. Noting strengthening Ringgit will be detriment to CPO price. Strong Ringgit equal to expensive oil palm against soy oil plus many others. Be careful with current strong Ringgit in Plantation sector

Posted by Sslee > 2 weeks ago | Report Abuse

Should anyone buy any Singapore properties which after expired of leasehold ownership reverts to the state?

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho copied n posted from TSH forum ( noted as compared for years ) :

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 12 hours ago | Report Abuse
SSLee 


How to be fabulously rich? Stay with quality companies for the long term (5, 10, 15, 20 or more years). 


Compare JTiasa and KMLoong 


Look at the historical 10 or 20 years revenues and earnings. 
Which company had consistent and growing revenues and earnings? JTiasa: earnings were volatile. There were years when these were losses. Losses for a plantation stock??? 


Which company had rewarded its shareholders more over the last 10 years? Look at the price charts of these 2 companies. 
Why are their price charts so different? Which would you have preferred, on hindsight? :-) 


Have a great investing philosophy and stay within it. I never invest for the short term (very rarely).

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho Ssleee said Jtiasa is with Dividend Policy Minimum 20 % , but why FY2021 No Dividend !!! 😱

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho when the promoter promoting Jtiasa in Insas n Jtiasa :

I asked him on :

1.) what is Indonesia CPO export ban status?

2.) What is Indonesia biodiesel progress status ?

The promoter replied he just want to make Profit.

No wander he told lies by lies on his 1st n 2nd Only Win since investing from 2016 to 2023 …🤣🤔

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho the worst is the promoter cannot reply / understand what his selection criterias for Growth n Dividend stocks 😱

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho the promoter said he see 5 waves in Yinson ( as a Growth stock ) but did not knew the waves name ( start with E ) .

Still did not reply why Yinson keep on SBB where as EPF n KWAP keep rotating Disposed n Acquired.

As at April 2024 , oredi spend RM 369 million on 4.94 % SBB shares .


Yinson window dressing on QR ended April 2024 :

QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.


-
Yinson Loans n Borrowings:

1.) QR ended April 2024

RM 16,555 million.


👉Compared Q to Q : is increased by RM 236 million.


2.) QR ended January 2024

RM 16,319 million.




Cash Rich ? No lo … as burdened with Huge debt due to the 3 New FPSO , Loans n Borrowings in USD with interest 12 % to 13.88 % )

Posted by Windy1974 > 2 weeks ago | Report Abuse

Since you want further elaboration.
My father recently renewed his land title. I can't remember but the premium was less than 3% of the valuation i am sure. So, the property still worth whatever it is minus the 3% renewal cost.
Now, I know no plantation owners in Sarawak ever dreamt about returning part of the lands to the government. At 25%, means the land value drop by 25% of current valuation? At 20%, drop 20%?
I look forward to a sucker who would buy at no discount.
That's without factoring management risk and most importantly, family legacy risk of the Tiong family. Tan Sri Tiong was once Top 10 richest in Malaysia. What's his ranking now? The world moves on. Riches too.

Should anyone buy any Singapore properties which after expired of leasehold ownership reverts to the state?

Posted by jjohnchew > 2 weeks ago |

Post removed.Why?

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho if this is that simple on investing purely on Dividends payout … no more Guru is needed n no more investor looser .

Posted by Sslee > 2 weeks ago | Report Abuse

Repost:
Sep 10, 2024 8:28 AM | Report Abuse

By the way past record do has its relavant but cannot represent the future.

I give my benefit of doubts to current Jayatiasa management as they had done a great job in generating over RM 360 million cash flow from operating activities that make jayatiasa a net cash company and start to give good dividend.


Cash flow
RM ’000
Current year-to-date 30 Jun 2024
Corresponding year-to-date30 Jun 2023
Net cash generated from
operating activities 360,029 297,188
Net cash used in investing
activities (114,828) (44,406)
Net cash generated from/(used
in) financing activities (195,301) (287,106)
Effect of exchange rate changes 18 184
Cash & cash equivalents at
beginning of financial period 194,204 228,344
Cash & cash equivalents at end of financial period 244,122 194,204

Current Liabilities
Loans and borrowings 57,652 56,314
Non-current Liabilities -
Loans and borrowings 136,577 292,054

Posted by Sslee > 2 weeks ago | Report Abuse

So had any plantation companies return 25% plantation land upon the lease expiration renewal?
Or is this only hearsay?

Like our DPM proposal to return 20% land to bumiputra upon lease expiration renewal?

Posted by jjohnchew > 2 weeks ago | Report Abuse

Referred to QR ended June 2024 :


a) Financial assets

Trade and other receivables 42,883,000

Cash n balances/ equivalents 283,037,000


total = 325,920,000

b) Financial liabilities

Loans and borrowings 194,229,000


Trade and other payables 84,278,000

Lease liabilities -

total = 278,507,000


a) - b ) = 47,413,000







——-

Referred to QR ended March 2024 :


a) Financial assets

Trade and other receivables 54,876,000

Cash and bank balances 270,371,000


total = 325,347,000

b) Financial liabilities

Loans and borrowings 242,160,000


Trade and other payables 81,569,000

Lease liabilities -

total = 323,729,000


a) - b ) = 1,618,000

Posted by jjohnchew > 2 weeks ago | Report Abuse

Copied n pasted partially:

财经新闻
棕油低价优势消失 短期需求前景不妙
2024年09月11日


吉隆坡11日讯）有分析员认为，随着原棕油（CPO）逐渐失去对大豆油的价格优势，未来市场竞争力存在隐忧，我国种植业将面对压力。

大众投行分析员指出，如今原棕油价格几乎和大豆油处于相同水平，因此在大豆油竞争力加强的情况下，短期内棕油的需求前景预料低迷。


“大豆油对比棕油的溢价，如今已降至零，原因是大豆油价格下滑的同时，棕油却在年初至今上涨了4.4%。相比之下，大豆油在过去12个月，对棕油的溢价曾最高达到每吨565美元（约2452令吉）。”

除了需求走弱，该分析员同时称，令吉走强、气候因素和产量上涨，都是种植业面对的风险。

鼎峰证券分析员认同，在价格优势消失和令吉走强的影响下，棕油的市场需求将下滑，出口表现预料受到打击。

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 weeks ago | Report Abuse

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

11 hours ago | Report Abuse

KM Loong have smaller plantation land/assets and thus smaller equity resulting in high ROE

KM Loong make a lot of money from milling as it mill able to collect FFB from surtounding small holders.

Segmental information
Major segments by activity:-
Revenue Results
Year ended Year ended
31/01/2024 31/01/2023 31/01/2024 31/01/2023
RM’000 RM’000 RM’000 RM’000

Plantation operations
Revenues 234,726 263,954
Profits 117,130 145,190
Profit margin 49.9% 55%

Milling operations
Revenues 1,493,417 1,866,579
Profits 110,737 110,581
Profit margins 7.4% 5.9%

Total Revenue 1,728,143 2,130,533
Total Profits 227,867 255,771
Profit margins 13.2% 12%

>>>>


Summary:
Milling segment contributed 6x to 7x the revenue of the plantation segment, that is 85% to 87% of the total revenues were due to the Milling segment.
Plantation segment enjoyed profit margins close to 50%. and contributed about 50% of the total profits of the company.
Milling segment enjoyed profit margins of 6% to 7%. and contributed about 50% of the total profits of the company.
Combined Plantation and Milling segments gave a profit margin of 12% to 13%.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 weeks ago | Report Abuse

Is it true that KMLoong has 33,000 acres of plantation?
If yes, this 33,000 acres of plantation generated 117 m profit in FYE 2024.

How big are the planted and unplanted plantations of: TSH and JTiasa?
How much profits wer? generated by these in their last FY.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 weeks ago | Report Abuse

>>>
KMLoong 30,000 acres
Jtiasa 206,000 acres
Tsh 150,000 acres oil palm and over 300,000 acres of forest concession
>>>

Latest FYE Profits
KMLoong 117m (from its plantations only)
TSH 95 m
JTiasa 141 m

WHY are the plantation profits of TSH and JTiasa so small relative to their plantation acreages?

Posted by mf > 2 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,295.87

-441.09

1.08%

Posted by Sslee > 2 weeks ago | Report Abuse

Kim Loong plantation yield is higher than jayatiasa

Jayatiasa plantation EBITDA for FYE 30/6/2024 is RM 414 million.

Jayatiasa heavy on Depreciation and amortisation cost, interest expenses and also rental fees payment expenses on rented plantation land.
Monthly fee = FFB production X agreed rate:
Average rate of RM10/mt to RM15/mt

Segmental Information
The financial information in respect of the Group’s business segments for the current financial year
ended 30 June 2024 is as follows:
Oil Palm Timber Others Elimination Total
RM'000 RM'000 RM'000 RM'000 RM'000
REVENUE
External 957,886 56,589 1,317 1,015,792
Inter segment 720,949 83,663 3,320 (807,932) -
Total Revenue 1,678,835 140,252 4,637 (807,932) 1,015,792
EBITDA 414,132 (20,520) (1,598) - 392,014
Finance cost (9,998) (8,352) (111) - (18,461)
Depreciation and amortisation (125,588) (10,067) (2,051) - (137,706)
Segmental result 278,546 (38,939) (3,760) - 235,847
Group admin and overhead cost (27,064)
Other expenses (2,190)
Profit before tax 206,593

Posted by jjohnchew > 2 weeks 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 ?

Posted by Sslee > 2 weeks ago | Report Abuse

Repost:
Jaya Tiasa to Buy 55% Stake in Wealth Houses Development for MYR52 Million
23-07-05

Wealth house plantation 6,000 hectare is now 55% subsidiary of Jayatiasa.

Question 1: Who is the land owner of this 52,880 hectares rented land?

The land owner is the Sarawak gov’t and RH Group.
Plantation
Ha

Wealth Houses Plantation
6,000

Lepah Plantation
5,149

Daro Plantation
11,681

Sawai Plantation
6,050

Lassa Plantation
21,300

Kabang Plantation
2,700

Total 52,880

Monthly fee = FFB production X agreed rate: Question: May I know what is the agreed rate?
Average rate of RM10/mt to RM15/mt

Posted by Sslee > 2 weeks ago | Report Abuse

Jaks current risk:
1. Negative cash flow
2. Forced to sell LSS4 solar farm land for loan repayment and working capital
3. Next year another cash call PP or RI
4. Yearly impairment loss on trade and other receivables
5. Yearly LTIP free shares grant

Hidden risk:
1. JHDP JV partner eat Jaks for lunch
2. Vietnam government policy change on coal fire power plant
3. JHDP boilers or turbine cracks and perlong shutdown and high repair cost
4. ALP margin call forced selling
5. LSS4 solar farm new land owner increase the rental or evict jaks from the land as the land is needed for property development.

Posted by Sslee > 2 weeks ago | Report Abuse

Next AGM will ask which plantation land ownership belong to Sarawak gov’t and which belong to RH Group.

Posted by Sslee > 2 weeks ago | Report Abuse

The below plantation lease land owned by jayatiasa:

A. Simalau Plantation: 5,003 ha

B. Hariyama Plantation: 10,600 ha

C. Wealth Houses Plantation: 6,000 ha

D. Eastern Eden Plantation: 10,000 ha

e. Poh Zhen Plantation: 5,000 ha


Area Statement as at Jun 2024
Plantation Land Area
(Ha)
Plantable Area
(Ha)
Planted /
Mature
(Ha)
Area cleared for
replanting
(Ha)
Simalau Plantation 5,003 4,866 3,846 1,020
Hariyama Plantation 10,600 9,645 9,645 -
Wealth Houses Plantation 6,000 5,757 5,757 -
Lepah Plantation 5,149 4,099 4,099 -
Daro Plantation 11,681 9,841 9,841 -
Eastern Eden Plantation 10,000 8,580 8,580 -
Poh Zhen Plantation 5,000 2,933 2,933 -
Sawai Plantation 6,050 5,448 5,448 -
Lassa Plantation 21,300 16,287 16,287 -
Kabang Plantation 2,700 2,133 2,133 -
Total 83,483 69,589 68,569 1,020

Posted by jjohnchew > 2 weeks ago | Report Abuse

Hoho don’t play play with Sarawak Premier le :

Sarawak seeks to become Malaysia’s next ‘rice bowl’, rivalling Kedah.

Sarawak imposed the lowest Sale Tax 5 % on the price of CPO … Sabah is 7.5 % .

Posted by jjohnchew > 2 weeks ago | Report Abuse

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

Posted by jjohnchew > 2 weeks 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 ?

Posted by jjohnchew > 2 weeks ago | Report Abuse

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

Posted by Sslee > 2 weeks ago | Report Abuse

Jtiasa plantation RM'000
External revenue 957,886
EBITDA 414,132
Finance cost (9,998)
Depreciation and amortisation (125,588)
Segmental result 278,546

Posted by Sslee > 2 weeks ago | Report Abuse

Plantation
EBITDA per MT FFB
RM (414,132,000/1,155,478)= RM 358.4

Repost:
The budgeted FFB production for FYE 30 June 2025 is 1,211,852 MT. So need to apply more fertilizer.

FFB projection:
30-Jun-2022
(Actual)
30-Jun-2023
(Actual)
30-Jun-2024
(Actual)
30-Jun-2025
(Budget)
Planted area (ha) 69,589 69,589 68,569 67,449
Immature (%)(<4 years)
0.0% 0.0% 0.0% 0.0%
Young mature (%)(4-7 years)
3.1% 0.0% 0.0% 0.0%
Prime mature (%)(>7 years)
96.9% 100.0% 100.0% 100.0%
FFB production (MT) 737,723 943,924 1,155,478 1,211,852
FFB yield 10.6 13.6 16.6 17.8

Posted by Sslee > 2 weeks ago | Report Abuse

Jayatiasa
FBB price quarter:
740 706 761 772
1Q FY24 2Q FY24 3Q FY24 4Q FY24

Posted by jjohnchew > 2 weeks ago | Report Abuse

👉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 %