Hi guys,
These are some highlights from Jaya Tiasa latest Annual Report 2020 just released
1. JAYA TIASA HAS 83,000 ACRES OF PLANTATION LANDS OR 205,000 ACRES
This makes it one of the biggest players in Palm oil plantations among small cap
2. In the Annual report there was a one-off impairment mark down of ppe (property/plant/equipment) amounting to Rm99.1 Millions
If not the balance sheet should be positive as Its palm oil business is positive
3. Although Jaya Tiasa got impairment losses through ppe mark down IT DID NOT REVALUE ITS EXISTING LANDBANK VALUE
4.. With palm oil prices trading between Rm2800 to Rm3200 a tonne now Jaya Tiasa should see better times ahead
5. Jaya Tiasa has no forced labour or child labour
6. All the Plantations & Mills of Jtiasa are 100% MSOP certified for sustainable practice
THIS ADDS LOTS OF VALUE AS END PRODUCT WILL SELL AT PREMIUM PRICES!!
7. The average age of Jaya Tiasa Oil Palms average 11 years old
THIS IS THE PEAK & BEST PRODUCTION AGE - 11 YEARS OLD PALM OIL TREES NOW AT ITS PEAK PRODUCTION TIME
8. ALL THE PLANTATION LANDS OF JAYA TIASA ARE LOCATED IN SARAWAK
This will synergize its operation with better economy of scale
9. THE LANDS OF JAYA TIASA ARE THE LOWEST PRICED IN MALAYSIA
Example is in Pulau Bruit (see Annual report)
Pulau Bruit
Lot 92, 93 & 96 Leasehold Land
Block 6, Bruit Land District expiring on 18.05.2064
Oil Palm Estate..........Land area 50,001,473 sq meter Cost Rm8,926,000 Book value as at 09/Dec/2004
Jtiasa has 50,001,473 sq meter of palm oil lands in Pulau Bruit valued at Rm8,926,000
Let's calculate its cost per sq ft
First multiply 50,001,473 sq meter by 10.764 to convert to sq ft
= 538,215,855.3 sq ft
Ok to get psf divides Rm8,926,000 by 538,215,855.3
= 0.016 sen
Or 1.6 sen per sq ft
HOW IN THE WORLD YOU CAN GET LANDS PLANTED WITH PALM OIL FOR 1.6 SEN???
CAN YOU BUY ANYTHING WITH A 5 SEN COIN TODAY?? 50 SEN ALSO COULD HARDLY GET YOU ANYTHING
HOW MUCH MORE TO GET 1 SQ FOOT LAND WITH PALM OIL TREES FOR LESS THAN 2 SEN PSF?
((these are not jungle lands but cleared, cultivated with maturing 11 years old oil palm trees))
10. NO WONDER SOME OF THE WISEST INVESTORS ARE IN TOP 30 HOLDERS OF JAYA TIASA
Please go see Jtiasa Annual Report Top 30 Major Holders under page 151
8 UOB Kay Hian Nominees (Asing) Sdn Bhd 35,272,750 3.64
Exempt An For UOB Kay Hian (Hong Kong) Limited (A/C Clients)
12 CIMB Group Nominees (Asing) Sdn. Bhd. 16,790,250 1.73
Exempt An For DBS Bank Ltd (SFS-PB)
16 Citigroup Nominees (Asing) Sdn Bhd 7,233,366 0.75
UBS AG
17 Citigroup Nominees (Tempatan) Sdn Bhd 5,878,200 0.61
Employees Provident Fund Board (PHEIM)
18 Citigroup Nominees (Asing) Sdn Bhd 4,413,433 0.46
CBNY For Dimensional Emerging Markets Value Fund
20 CIMB Group Nominees (Tempatan) Sdn Bhd 3,307,500 0.34
Exempt An For DBS Bank Ltd (SFS-PB)
22 Citigroup Nominees (Asing) Sdn Bhd 3,250,738 0.34
CBNY For Emerging Market Core Equity Portfolio
DFA Investment Dimensions Group Inc
27 Neoh Choo Ee & Company Sdn. Berhad 2,373,000 0.25
NOTABLE ONES
1. SINGAPORE BIGGEST BANK DBS HAS TWICE POSITION IN TOP 12 & 20
What Singapore Largest DBS Bank sees in Jtiasa? Why not all other Bigger Palm Oil Companies?
2. Employees Provident Fund Board (PHEIM)
PHEIM FUND BOSS DR TAN CHONG KOAY HELPED EPF (OUTSOURCE) TO BUY JTIASA AMONG MORE THAN 30 PLANTATION STOCKS. WONDER WHY?
3. MOST SURPRISING NEWS OF ALL
DR NEOH SOON KEAN SUDDENLY APPEARED IN JTIASA YEAR 2020 ANNUAL REPORT TOP 30 MAJOR HOLDERS???
DR. NEOH IS USING HIS OWN COMPANY
27 Neoh Choo Ee & Company Sdn. Berhad...................... to buy 2.373 Million Jaya Tiasa shares
THIS IS FROM HIS OWN POCKET AND NOT FROM DYNAQUEST WHICH FUND HE IS MANAGING
COLD EYE OR FONG SILING WAS ONCE IN TOP 30 (NOW NOT SURE)
BEST REGARDS
Calvin Tan Research
Singapore
Disclaimer
All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-10-29-story-h1535537467-JAYA_TIASA_LATEST_TAKEAWAYS_FROM_ANNUAL_REPORT_Calvin_Tan_Research.jsp
