Posted by StartOfTheBull > 2022-08-21 10:33 | Report Abuse

Agree. I don't think the naysayers here or promoters can affect the share price, it is ok to just let them continue with that.
******

Yu_and_Mee

2,851 posts

Posted by Yu_and_Mee > 3 hours ago | Report Abuse

plantation collapse soon


Yu_and_Mee

2,851 posts

Posted by Yu_and_Mee > 3 hours ago | Report Abuse

if you stuck in TSH or heavy bet, time to consider cut loss or taking profit before too late.
all commodities drop, plantation is not exceptioned

Posted by Mikecyc > 2022-08-21 10:34 |

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Posted by SEE_Research > 2022-08-21 10:38 |

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Posted by birdparadise > 2022-08-21 10:49 |

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Posted by Michael Kwok > 2022-08-21 12:47 | Report Abuse

Downgrade tsh below 80 cents.
Price 1.12.
21/8/2022 12.50pm

Posted by VTrade > 2022-08-21 13:04 | Report Abuse

MK
got forum or telegram juga?

Posted by birdparadise > 2022-08-21 13:20 |

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Posted by VTrade > 2022-08-21 13:43 | Report Abuse

When lawyer also busy case lain.
When cfo also busy case lain.

Mean everything is im control.

Posted by VTrade > 2022-08-21 13:43 | Report Abuse

In control

Posted by SEE_Research > 2022-08-21 15:02 |

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Posted by i3gambler > 2022-08-21 15:34 | Report Abuse

My way of evaluating plantation companies,
by comparing EV (enterprise value) of their planted oil palm estates.

My formula may be a bit different from others.
EV = market cap + total liabilities - current assets - other non-related business.

For TSH,
EV = 2214m
Planted oil palm estate = 42,495 ha, 15% in Sabah, 85% in Indonesia.
Therefore, EV / ha = RM52,111 / ha

For HSPLANT,
EV = 1761m
Planted oil palm estate = 35,434 ha, 100% in Sabah,
Therefore, EV / ha = RM49,708 / ha

As I know, the market price for planted oil palm estate in Sabah is around RM80,000.
So HSPLANT is cheap.
But for Indonesia, I do not know the market price / ha.
It is better not to take risk, I think HSPLANT is the better choice.

One more important thing,
HSPLANT has a 60% dividend policy,
I estimate the EPS this year would be 36 sen, or 60%*36 sen = 21.6 sen.
Meaning after collecting the 21.6 sen dividend, the EV / ha would be even cheaper.

Posted by Yu_and_Mee > 2022-08-21 16:20 | Report Abuse

calculating EPS, PE and EV for plantation counters just like how the calculation for glove when everyone already anticipated commodities drop and already dropping. That's why we are seeing many plantation stocks price drop. Why people not learning? Calvin hold a lot but it's okay because he is wealth and no issue to hold or paper loss.

Posted by Yu_and_Mee > 2022-08-21 16:25 | Report Abuse

If CPO price drop further in near future, plantation sector will look more ugly. Calvin may ask you all to buy end up gradually sold off and will not tell anyone.

Posted by Mikecyc > 2022-08-21 16:29 |

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Posted by Mikecyc > 2022-08-21 16:37 |

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Posted by Yu_and_Mee > 2022-08-21 16:41 | Report Abuse

calvin step on deadbody to earn money
now if really want to invest, perhaps safest but no guarantee sector is banking.

Posted by Yu_and_Mee > 2022-08-21 16:42 | Report Abuse

i put in PBB, CIMB, MBB, then no worry and can sleep well.
even drop also no worry because impact is relatively low. Of course hard to earn more also. But I'm ok for time being.

Posted by kuaTAKtahu > 2022-08-21 16:44 | Report Abuse

ATTRACTIVE VALUATION TO CONSIDER for long TERM

Posted by i3gambler > 2022-08-21 16:58 | Report Abuse

What banks have is mostly money, money will depreciate by time.
Of course they own their headquarter and may be a few other buildings.
So, if you want to go for banking sectors, why not consider Singapore banks?

Posted by Mikecyc > 2022-08-21 17:00 |

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Posted by calvintaneng > 2022-08-21 17:37 |

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Posted by anthonytkh > 2022-08-21 18:16 | Report Abuse

i3gambler, creating money is the result of pressing a few buttons by central banks. If a bank approached its central bank for a loan, the central bank hits the computer keyboards and go “Ok done. BNPL”

Posted by i3gambler > 2022-08-21 19:29 | Report Abuse

In February 2020, that time FCPO was around 2500 - 2700.
KMLOONG announced that they were buying 5 pieces of Land in Sabah.
The purchase was completed in May 2022 for 4 pieces, and 1 piece was terminated.
The price per Land Area was 80000 / ha.
The price per Planted Area was 84500 / ha.

My opinions, for Sabah based plantation companies, if
1) The boss can be trusted and the company is properly managed.
2) The balance sheet is reasonably OK, not too much debts.
3) Dividend Yield not less than 2%.
4) EV / Planted Area is lower than 60000/ha.

Can buy some shares lor.

For apartment, we expect higher rental yield, may be 5%.
But for landed house, we expect lower rental yield, may be 2% as we expect the land will appreciate.
Same to stock investment, we expect lower dividend yield from plantation companies..

Posted by i3gambler > 2022-08-21 21:09 | Report Abuse

On 21 Feb 2020, KMLOONG provide Basis of and Justification for the Purchase Prices.

1) Boustead Rimba Nilai Sdn Bhd, a wholly-owned subsidiary of Boustead Plantations Berhad, had on 1 August 2018 entered into a sale and purchase agreement for the acquisition of oil palm plantation lands
comprising 17 land titles measuring a total of 12,144.99 acres in Districts of Beluran, Kinabatangan, and Labuk & Sugut, Sabah together with a palm oil mill and buildings erected thereon as well as moveable assets, machineries and vehicles for a consideration of RM397 million. The location of the 17 pieces of land are scattered and not in one location. More than half of the oil palm planted on the land are old mature tree and need to be replanted. The market value for the plantation land excluding the mill is RM348.3 million as at 1 July 2018 or approximately RM28,678.49 per acre.

2) Pontian United Plantations Berhad, a wholly-owned subsidiary of Felda Global Ventures Holdings Berhad, had on 8 June 2015 entered into a sale and purchase agreement for the acquisition of, amongst
others, a piece of oil palm plantation land located in the District of Beluran, Sabah measuring approximately 2,066.05 acres for a consideration of RM71,720,000.00, that is approximately RM34,713.00 per acre.

Posted by SEE_Research > 2022-08-21 21:25 |

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Posted by Mikecyc > 2022-08-21 21:34 |

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Posted by SEE_Research > 2022-08-21 21:42 |

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Posted by calvintaneng > 2022-08-21 22:59 |

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Posted by calvintaneng > 2022-08-21 23:00 | Report Abuse

Sabah Govt entrust Innoplant to Tsh
Sabah Govt also allocated 300,000 forest concession to Tsh for upkeep

Posted by calvintaneng > 2022-08-21 23:01 | Report Abuse

FONG SILING AKA COLD EYE TRUST LEADERSHIP OF TSH

Posted by calvintaneng > 2022-08-21 23:02 |

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Posted by calvintaneng > 2022-08-21 23:03 |

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Posted by calvintaneng > 2022-08-21 23:06 | Report Abuse

Tsh leadership has made Innoplant the most profitable Glc for Sabah Govt

And you can be certain Directors of Tsh will also make Tsh a better success than Inno

Posted by Mikecyc > 2022-08-21 23:12 |

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Posted by Mikecyc > 2022-08-21 23:14 |

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