Posted by jjohnchew > 1 month ago | Report Abuse

Hoho will it be like : Hexcap n Binacom ….after became Major In Binacom, send his uncle into BOD … Binacom 1st time intend to issue PP but no investor is interested until delayed to next year … same as Hexcap .

Posted by StarOfTheBull > 1 month ago | Report Abuse

Most likely below RM1 ex div starting tomorrow.

Posted by value_invest > 1 month ago | Report Abuse

Seeing so many doubts here. Just a sharing on Jtiasa as i am involved in plantation business.
Jtiasa ONLY ventured into palm oil plantation business 20 years ago, it has been taking almost 15 years to fully planted the land 68,000 hectares, this has cost them almost RM1.5 to Rm2bil for the planting cost. FYI, Jtiasa's land cost is very minimium ( the rented land), if you need to buy the land( 68k hectares), this will cost you a BOM(another few bil). FYI, it is NOT easy and SUPER challeging to clear the FREASH land, to plant palm tress in fresh land, 68k hectares in 15 years. we should give them a credit for doing this in 15 years.

If you looked at Jtiasa Balance sheet 7 to 10 years back, the borrowing was about RM1,5bil. For replanting, it will be much easier and less costly as the land infastructure, roads, water dispensing river, worker house and so on are all ready. Planting on FRESH LAND IS SUPER SUPER HARD AND COSTLY compared to replanting.
As we know that Jtiasa's FCF is super strong, which has been utiized to settle all the borrowing past 7 years, NOW it is in NET cash position.
Now, All the debts have been settled, Jtiasa is in the turning and pivot point BIG BIG profit and Cash flow coming days with minimium capex. This is the BEST plantation stage to invest in plantation stock. COMING DAYS- Dividend. JUST AS INNO, KIMLOONG AND UTDPLNT,,

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho as ethical Sifu 3iii posted earlier… KimLoong see the Price chart ..

And 13 sen Dividend on FY24 : ROE 19.28 .. Market Cap 2.3 Billion.

Vs Jtiasa :
6 sen Dividend on FY 24 … ROE 9.14 ..Market Cap 1.0 Billion.

Posted by jjohnchew > 1 month ago | Report Abuse

Posted by jjohnchew > 9 hours 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 > 1 month ago | Report Abuse

Hoho yes , palm oil plantation land rent is cheap … eg : Jaks sign MOU lease TDM land in Terengganu 1730 acres for tendering LSS5 2000 MW Solar Project.

TDM said shl bring Profit RM 1.0 million yearly… ie : 1000000 / 1730 = RM 578 rental per acres .

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho not concrete yet ..

1.)

—-

Posted by value_invest > 13 seconds ago | Report Abuse

Jtiasa can easily double Div to 12 cents FY 25 with its cash flow and no further capex.

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho KimLoong DY :

2020 : 3.05 %
2021 : 6.84 %
2022 : 7.14 %
2023 : 8.52 %
2024 : 5.99 %

vs Jtiasa DY :

2020 : No Dividend
2021 : No Dividend
2022 : 4.83 %
2023 : 4.51 %
2024 : 5.41 %

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho so since Rental is so cheap, Sarawak Sale Tax on the Price of CPO is cheap also only 5 % compared to Sabah 7.5 % … better change Pulau Bruit land into Sawah Padi land as identified suitable to cultivate hybrid rice in 2024 .

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo Mike-tikus,
Jaks LSS4 soon become landless.
Negative cash flow
And next year another cash call PP or RI for loans repayment and working capital

You better sell your jaks and buy jayatiasa.
Word of wisdom.

Posted by jjohnchew > 1 month ago |

Post removed.Why?

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder ard 14 % , after Uncle K intention to take over with 30 % on 2017/2018 ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

800 MW CGPP winners even can sell RE electricity cross border.



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) CAGR : 3Y + 29.9 % TTM + 28.4 %

Posted by jjohnchew > 1 month ago | Report Abuse

Jaks :

Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.76 %


Jtiasa :

Current Ratio 2.73
Debt-Equity (DE) Ratio 0.34
FCF Yield 24.07 %


Rsawit :

Current Ratio 0.15
Debt-Equity (DE) Ratio 1.25
FCF Yield 3.19 %

Subur Tiasa :

Current Ratio 0.27
Debt-Equity (DE) Ratio 1.34
FCF Yield -0.91 %

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho is Jtiasa going to be like Rsawit n Subur Tiasa in coming Next 4 years ???

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho where as for Jaks … repost from Jaks :

Posted by jjohnchew > 4 hours ago | Report Abuse

Hoho interesting lo , if can monetise the property segment assets :

Reply during latest AGM :

2 The Property Investment division
comprises two investment properties,
namely Pacific Towers Business Hub
and Evolve Concept Mall. The division
incurred a finance cost of RM19.3
million while generating revenue of
RM10.3 million and a loss after tax of
RM6.3 million in FY2023.

D) Current outstanding loan balance for Evolve
Concept Mall stands at RM206.4mil whereas the
outstanding loan balance for Pacific Towers stands
at RM70.6mil.


C) Monetising these property assets is the key priority
moving forward, regardless of turning around the
business. However, the immediate goal is to
increase occupancy rates and average rental rates
with strong and reliable tenants, thereby improving
the saleability of the assets.


A) Yes, the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to
54% in FY2023, while Evolve Concept Mall saw an
increase from 59% in FY2022 to 75% in FY2023.

jjohnchew
2,609 posts

Posted by jjohnchew > 4 hours ago | Report Abuse

Hoho with the legal case 6 years battle won against Star on Pacific Star project on March 2024 … anticipating occupancy rate at Pacific Towers
Business Hub Shl be further improved.

jjohnchew
2,609 posts

Posted by jjohnchew > 3 hours ago | Report Abuse

Hoho n more easy to monetise..

Posted by jjohnchew > 1 month ago | Report Abuse

Tek said this at a press conference after he delivered a keynote address at MPOA’s 23rd annual general meeting in Sabah Hotel here today. 

He explained that trees that are over 19 years old are mostly too tall for harvesting, and many present harvesters do not have the skill set to perform the task. There are in fact not enough available tall palm harvesters.  

Furthermore, the number of trees would have been reduced from the initial planting based on the norm of 136 to 148 trees per hectare. In many estate blocks, the balance remaining may well be below 100 trees per hectare. 

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho further more CPO Production cost per tonne is keep in increasing from RM 1400 to RM 1800 to RM 2200 ..

Where as Jaks Solar Project Solar panel cost is keep decreasing:

SINGAPORE, March 19 (Reuters) - Prices of solar panels, which nearly halved over the last 12 months, will remain at current levels for up to two years, a Malaysian industry executive said on Tuesday.
Manufacturers in Malaysia, the world's third largest producer of solar photovoltaic modules (PV), are slowing down expansion plans to adjust for lower demand and prices, Davis Chong, President of the Malaysian Photovoltaic Industry Association, told Reuters.

Posted by jjohnchew > 1 month ago |

Post removed.Why?

Posted by Sslee > 1 month ago | Report Abuse

Repost:
The fact that jaks need yearly cash call PP or RI and now disposal of LSS4 50 MW solar farm land for working capital and loans repayment and on the other hand endless yearly impairment loss on receivables tell you jaks and ALP is hopeless.



Aiyoyo Mike-Tikus cannot understand the below:

The latest status of the legal dispute between Star Media Group Bhd and JAKS Resources Bhd over a land development in Section 13, Petaling Jaya, has been sent back to the High Court for trial. The Federal Court dismissed Star Media’s appeal against the 2021 Court of Appeal decision, which reversed a 2020 High Court summary judgment. The trial is scheduled for August 25, 2025.

The 2020 High Court summary judgement as below:
The court has ruled that the company be paid damages by JAKS, being late payment interest at a rate of 8% per annum on the RM134.5 million owed from Oct 25, 2015 and July 6, 2020.

The late payment interest is to continue running from July 6, 2020 until JAKS delivers the company’s entitlement in compliance with the terms of the sale and purchase agreement signed by the parties.

Posted by jjohnchew > 1 month ago | Report Abuse

MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company
JAKS RESOURCES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company

Further to the announcement dated 12 December 2023, the Board of Directors of the Company wishes to announce that the Federal Court on 7 March 2024 unanimously found no merits in Star Media Group Berhad (“STAR”)’s appeals against the Company and Jaks Island Circle Sdn Bhd (In Liquidation) vide Civil Appeal No. 02(i)-16-03/2023(W), Civil Appeal No. 02(i)-17-03/2023(W) and Civil Appeal No. 02(i)-18-03/2023(W) [“the Appeals”] and dismissed the Appeals with costs of RM150,000.00 to be paid by STAR.

Consequently the Company can proceed at the High Court with its Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages and WA-22NCVC-374-05/2019 where the Company has claimed for liquidated ascertained damages, etc. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad pursuant to its Listing Requirements. This announcement is dated 7 March 2024.

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho Jaks Total counter claimed against Star is RM 540 million.

>>Referred to QR ended June 2024 :

👉next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions.

The Trial was fixed on 25/8/2025 to 28/8/2025 .

👉👉Possibility of settlement out of court ???


>
MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company
JAKS RESOURCES BERHAD


Type Announcement
Subject MATERIAL LITIGATION
Description
JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company


Further to the announcement dated 12 December 2023, the Board of Directors of the Company wishes to announce that the Federal Court on 7 March 2024 unanimously found no merits in Star Media Group Berhad (“STAR”)’s appeals against the Company and Jaks Island Circle Sdn Bhd (In Liquidation) vide Civil Appeal No. 02(i)-16-03/2023(W), Civil Appeal No. 02(i)-17-03/2023(W) and Civil Appeal No. 02(i)-18-03/2023(W) [“the Appeals”] and dismissed the Appeals with costs of RM150,000.00 to be paid by STAR.



Consequently the Company can proceed at the High Court with its Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages and WA-22NCVC-374-05/2019 where the Company has claimed for liquidated ascertained damages, etc. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad pursuant to its Listing Requirements. This announcement is dated 7 March 2024.

Posted by jjohnchew > 1 month ago |

Post removed.Why?

Posted by Sslee > 1 month ago | Report Abuse

The Federal Court had on 7 March 2024, dismissed the Federal Court Appeals with costs of RM150,000. Suits 258 and 374, which will be heard
together will now proceed to the High Court for trial which the High Court had tentatively fixed for 25 August to 28 August 20

Mike-tikus,
Go and find out what inside Suits 258 and 374?

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho why preferring Jaks , as all the risks is disclosed , successfully diversified into Power Plant industry n Solar RE . After monetise the 2 property division assets , eventually be a Net Cash company.

Where as Jtiasa has 2 hidden risk :

1.) Pulau Bruit rented Land , 52,880 hectares ( 76 % of planted land ) is identified suitable for cultivation of hybrid rice in 2024 … align with Sarawak state gov vision .

2.) Palm trees averagely 14 years ( as Pulau Bruit rented land 52,880 hectares since 15 years ago .) .. Replanting is expected in next 4 years with ard RM 1.6 billion expenses.. is current Reserve n Retained earnings ard RM 0.5 Billion sufficient !!!

Oh another one is Sslee said Jtiasa with Dividend Policy minimum 20 % but why FY2021 No Dividend with Net Profit RM 31.4 million ???

Posted by jjohnchew > 1 month ago | Report Abuse

Oh another one is Sslee said Jtiasa with Dividend Policy minimum 20 % but why FY2021 No Dividend with Net Profit RM 31.4 million ???

Posted by AlphaAdventurer > 1 month ago | Report Abuse

No dividend policy had been established in FY2021 ?🤔

Posted by jjohnchew > 1 month ago | Report Abuse

👉Consequently, the Company also succeeded in defending the two appeals lodged by STAR vide Civil Appeal No.: W-02(IM)(NCVC)-1188-09/2020 and Civil Appeal No. W-02(IM)(NCVC)-1435-10/2020.


The Court of Appeal directed that Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages arising from loss of profit from corporate exercise, loss of reputation and loss and impact on the status of the Defendant as public listed company and WA-22NCVC-374-05/2019 where the Company has claimed for the sum of RM248,242,987-62 as liquidated ascertained damages, RM297,035,481-00 as loss of proceeds from corporate fundraising exercise and refund of RM50,000,000-00 together with all interests pursuant to the Bank Guarantees be refunded, be reverted back to the High Court for full trial before Justice Nazlan Mohd Ghazali.


The Company will make further announcement on developments of the above matter as and when necessary.


This announcement is dated 28 July 2021.  

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho not sufficient Replanting capital of RM 1.6 Billion ( current Reserve n Retained Earnings is Rm 0.5 billion) ..

No worries, an example from FGV :

Net Profit:

2021 : RM 1.2 Billion
2022 : RM 1.3 Billion
2023 : RM 103 million

But No Reserve n No retained earnings…

FGV QR ended June 2024 :

Reserve in Negative figure ( RM 1.06 Billion) , taken out from Equity Share Capital RM 7.03 Billion… became RM 5.97 Billion.

Oh Jtiasa Equity share capital is only RM 0.98 Billion…

Replanting capital RM 1.6 billion ( for 76 % planted area ) - Reserve n Retained earnings RM 0.5 Billion… still required RM 1.1 Billion !!! 😱

Posted by Sslee > 1 month ago | Report Abuse

Replanting costs

Malaysia's largest farmer group is already seeking tax exemptions and grants to speed up replanting, over and above existing loan schemes. On the other hand, Malaysia's Minister of Plantation and Commodities Fadillah Yusof said that the government would seek support for farmers in this month's budget.

"We have proposed certain funding for replanting, especially for smallholders. At the same time, we are discussing initiatives for big players for replanting, because currently the cost of doing business for palm oil and other agricultural commodities is increasing," he said at a conference in Kuala Lumpur.

Oil palm trees begin to bear fruit at 3 years of age, with yields increasing each year and reaching the peak between 9 years and 18 years. After that, fruit volume begins to decline, and at around 25 years, the tree is usually cut down and replaced with a new one.

However, pandemic labour unrest and record high palm oil prices last year have disrupted that schedule.

The Malaysian Palm Oil Association (MPOA) estimates that 664,000 hectares or around 12% of the country's oil palm plantation area consists of trees aged 25 years and older.

The association warned that more than a third of the planted area could be classified as old growth by 2027. MPOA Chief Executive Joseph Tek said the average cost of replanting was about 20,000 ringgit (US$4,265) per hectare, or nearly US$3 billion.

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho MPOA Chief Executive Joseph Tek ke … he also said :

Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD
15 hours ago | Report Abuse
Tek said this at a press conference after he delivered a keynote address at MPOA’s 23rd annual general meeting in Sabah Hotel here today.

He explained that trees that are over 19 years old are mostly too tall for harvesting, and many present harvesters do not have the skill set to perform the task. There are in fact not enough available tall palm harvesters.

Furthermore, the number of trees would have been reduced from the initial planting based on the norm of 136 to 148 trees per hectare. In many estate blocks, the balance remaining may well be below 100 trees per hectare.

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho Ssleee take note on the key words : average cost >>

MPOA Chief Executive Joseph Tek said the average cost of replanting was about 20,000 ringgit (US$4,265) per hectare, or nearly US$3 billion.

As I said Sarawak CPO production cost is the highest in Malaysia… that’s why between RM 20,000 to RM 30,000 of replanting cost … I picked RM 30,000 for Jtiasa replanting cost per hectare.

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho is Jtiasa that SMALL ???


The government, through the Ministry of Finance and Agriculture and Commodities Ministry, has established a special fund for the Smallholder Palm Oil Replanting Financing Incentive Scheme (TSPKS 2.0).23 Jan 2024
https://www.nst.com.my › 2024/01

Malaysia sets up RM100mil fund for smallholders to replant palm oil
By S. Birruntha and Daniel Ahmad
January 24, 2024 @ 8:09amSass

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho interesting lo … presently Sarawak only supply ard 34 % of Rice by own cultivation , to push up to ard 80 % only need start up expenses of RM 1.0 Billion… Sarawak government willing allocate funding RM 500 million n RM 500 million from Federal gov .

If want to rivalling Kedah which supply 40 % Rice demand in Malaysia… and to supply 100 % Sarawak rice demand… Pulau Bruit is the suitable land .

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho ssleee better buy Jaks … buy Low sell High … not like u promoted Hengyuan n Petronm at Rm 7.00 with wayang show .

Jaks today price RM 0.135 to RM 0.14 … NTA 0.59

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho recalled Ytlpower price had been pressed down over 10 years to as Low RM 0.80 ...

Jaks price Lowest is RM 0.12 ....

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo Mike-tikus why jayatiasa replanting RM 30,000 per ha?
Shouldn't it be RM 50,000 per ha?

Jayatiasa palm oil planting (2002-2015)
Ha
885
922
2388
3525
7198
7527
12086
9027
6866
4593
3528
4200
2936
1906
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Posted by Sslee > 1 month ago | Report Abuse

Is Mike-tikus trying to say jaks price will be pressed down over 10 years?
My take jaks price will go up only after year 2030.

jjohnchew Hoho recalled Ytlpower price had been pressed down over 10 years to as Low RM 0.80 ...
Jaks price Lowest is RM 0.12 ....
13/09/2024 3:19 PM

Posted by jjohnchew > 1 month ago | Report Abuse

Posted by jjohnchew > 1 day 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 %

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho after tikus away from Yinson ... here became tikus eyes pulak ... scroll up to see , tikus ...


—-


Posted by Sslee > 5 hours ago | Report Abuse

The Federal Court had on 7 March 2024, dismissed the Federal Court Appeals with costs of RM150,000. Suits 258 and 374, which will be heard
together will now proceed to the High Court for trial which the High Court had tentatively fixed for 25 August to 28 August 20

Mike-tikus,
Go and find out what inside Suits 258 and 374?

Posted by jjohnchew > 1 month ago | Report Abuse

Hoho as said year 2025 shl be Jaks year ....
—-


Posted by Sslee > 10 minutes ago | Report Abuse

Is Mike-tikus trying to say jaks price will be pressed down over 10 years?
My take jaks price will go up only after year 2030.

jjohnchew Hoho recalled Ytlpower price had been pressed down over 10 years to as Low RM 0.80 ...
Jaks price Lowest is RM 0.12 ....
13/09/2024 3:19 PM

Posted by jjohnchew > 1 month ago |

Post removed.Why?

Posted by Sslee > 1 month ago | Report Abuse

Bruit Island (Malay: Pulau Bruit) is an island in Daro District, Mukah Division, Sarawak, Malaysia. It is located in the Rejang Delta, 150 km northwest of Kuching.[2] With a population of around 9,342 and an area of 417 square kilometres, it is the second largest island in Malaysia after Banggi Island

Aiyoyo Mike-tikus,
Bruit island 417 square kilimetres or 41,700 hectare who are you kidding jayatiasa Pulau Bruit Palm oil plantation area = 52880 + 10043 = 62,923 hectares?


Posted by jjohnchew > Sep 13, 2024 3:53 PM | Report Abuse
Posted by jjohnchew > 1 day 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 %

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

SSLee Thanks for sharing your insight into JTiasa.

KMLoong owns its plantation lands. JTiasa leases its plantation lands.
How does this difference affects their valuations?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 month ago | Report Abuse

I find KMLoong an easier company to understand and also to value. I agree, KMLoong has limited upside growth.

Owning land is a way to grow rich. Value of land keeps pace and exceeds inflation rates.

Posted by Sslee > 1 month ago | Report Abuse

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

Simalau, Hariyma, Eastern Eden and Poh Zen plantation lease land wholly owned by jayatiasa.
Wealth House 55% jayatiasa subsidiary Wealth Houses Development
The other 5 plantation rent from either Sarawak government or RH related company.
Note: Wealth house, Estern eden and Poh zen total 21,000 ja is located at Bruit island.

Jatiasa is now financial healthy, net cash position and need minimum capex that enable it to give min 20% dividend. (FYE 30/6/2024 total dividend of 6 sen)

As of now Malaysia and Indonesia forbib any more new land opening for palm oil plantation so what plantation companies can do is to improve per hectare yield by better plantation management, fertilizer application and replanting with better yield palm tree.

For jayatiasa just monitor monthy FFB production and MPOB CPO spot price to know what will be jayatiasa quarter result.

Jtiasa plantation segment
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 > 1 month ago | Report Abuse

Disclaimer: This is not a buy or sell call but just facts and figures from jayatiasa annual report, quarter report and presentation slide.

I am not oblige to tell anyone when I buy or sell jayatiasa but currently I hold 2,320,000 units of jayatiasa shares.

Posted by godhand > 1 month ago | Report Abuse

Posted by Sslee > 5 minutes ago | Report Abuse

Disclaimer: This is not a buy or sell call but just facts and figures from jayatiasa annual report, quarter report and presentation slide.

I am not oblige to tell anyone when I buy or sell jayatiasa but currently I hold 2,320,000 units of jayatiasa shares.

Almost top 30 =). I have 550k units

Posted by jjohnchew > 1 month ago |

Post removed.Why?

Posted by jjohnchew > 1 month ago |

Post removed.Why?

Posted by jjohnchew > 1 month ago | Report Abuse

Information Compiled By KLSE

Particulars of Director

Name DATO' JIN KEE MOU
Descriptions(Class) Ordinary Shares
Details of changes

No
Date of change
No of securities
Type of transaction
Nature of Interest
1
11/09/2024
50,000
Acquired
Direct Interest
Name of registered holder Jin Kee Mou
Description of "Others" Type of Transaction
Consideration (if any) RM53,000

Circumstances by reason of which change has occurred
Acquisition of shares through open market
Nature of interest
Direct Interest
Total no of securities after change

Direct (units) 123,825
👉Direct (%) 0.013
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice 12/09/2024
Date notice received by Listed Issuer 13/09/2024