PALM OIL JEWEL: TSH RESOURCES WITH EARNINGS VISIBILITY & GREAT CERTAINTY WE CAN CLEARLY SEE AHEAD, Calvin Tan
Dear Fellow Investors of i3 Forum,
This is indeed a happy time to be invested in Palm oil Co. Especially in those with Clear Visibility & DIrection Ahead
One of them is TSH RESOURCES (9059)
TSH will hit many Golden Windfalls yet ahead
Let's begin
1) SALE OF SABAH 2 PALM OIL ESTATES & MILL WILL GARNER 7.56 SEN PROFIT
See
| Type | Announcement |
| Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
TSH RESOURCES BERHAD ("TSH" or "the Company")
PROPOSED DISPOSAL OF TWO (2) OIL PALM ESTATES AND ONE (1) PALM OIL MILL IN SABAH FOR A TOTAL CASH CONSIDERATION OF RM248.0 MILLION ("PROPOSED DISPOSAL")
|
Sale is Rm248 Millions
Add: Proforma gain from the Proposed Disposa Rm104,343,000 and in Cash is 7.56 sen
From this we see a Profit to be reported by May 2022 result as it falls between Jan to March 2022 completion
Ok let's calculate again the Profit by which it is derived
See Latest Result (Refer to Bursa Announcement)
TSH RESOURCES
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2021
|
INDIVIDUAL PERIOD |
CUMULATIVE PERIOD |
||||
|
CURRENT YEAR QUARTER |
PRECEDING YEAR |
CURRENT YEAR TO DATE |
PRECEDING YEAR |
||
|
31 Dec 2021 |
31 Dec 2020 |
31 Dec 2021 |
31 Dec 2020 |
||
|
$$'000 |
$$'000 |
$$'000 |
$$'000 |
||
| 1 | Revenue |
328,350 |
241,089 |
1,188,919 |
926,003 |
| 2 | Profit/(loss) before tax |
84,303 |
48,404 |
253,683 |
130,242 |
| 3 | Profit/(loss) for the period |
73,195 |
34,040 |
201,616 |
90,324 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
63,433 |
33,347 |
169,008 |
79,487 |
| 5 | Basic earnings/(loss) per share (Subunit) |
4.60 |
2.42 |
12.25 |
5.76 |
| 6 | Proposed/Declared dividend per share (Subunit) |
3.00 |
1.50 |
3.00 |
1.50 |
|
AS AT END OF CURRENT QUARTER |
AS AT PRECEDING FINANCIAL YEAR END |
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.1890 |
1.0531 |
||
This qtr TSH made Rm63,433,000 equivalent to 4.6 sen profit
So Rm104,343,000 divides by Rm63,433,000 multiply by 4.6 sen
= 7.566 sen profit
How much higher?
7.566 - 4.60 divides bby 4.60
= 64.49%
64.49% higher profit to be reported in May 2022 results
(This is not including Income from FFB, its Ekowood division and JV with Wilmar Refinery in Sabah & others.
Also Tsh stands to get remeaurement gain from its 21.95% investment in Innoprise plant whose price has doubled from 90 sen to Rm1.80 or more with dividend pay-out from INNO
At 7.56 sen
Annualised 7.56 x 4
30.26 sen
At half time closing price today TSH is Rm1.61
Forward P/E is 161 divides by 30.26
= 5.32
1. NEXT IS BULUGAN REGENCY LAND SALE
INTRODUCTION
The Board of Directors of TSH ("Board") wishes to announce that BCAP, a 90%-owned subsidiary of TSH had on 9 December 2021 entered into a heads of agreement with PT Kawasan Industri Kalimantan Indonesia ("KIKI") and PT Kalimantan Industrial Park Indonesia ("KIPI") for the proposed disposal by BCAP:
(a) Certified Land (as defined below), which land rights are held under Hak Guna Usaha (“HGU” or Right to Cultivate) certificates, measuring approximately 13,214.90 hectare located in Kalimantan, Indonesia for an indicative disposal consideration of Rp2,309,435,924,000 (equivalent to RM678,974,162); and
(b) Uncertified Land (as defined below) at Rp174,760,000 (equivalent to RM51,379) per hectare.
(collectively known as the "Sale Land") to be fully satisfied in cash ("Disposal Consideration") ("HOA").
The Sale Land comprises the following:
(i) two (2) plots of land held under 2 HGU certificates, situated at Tanah Kuning, Tanjung Palas District, Bulungan Regency, North Kalimantan, covering a total area of 3,829.27 Hectare ("KIKI Land");
(ii) five (5) plots of land held under 5 HGU certificates, situated at Mangkupadi Village, Tanjung Palas District, Bulungan Regency, North Kalimantan, covering a total area of 9,385.63 Hectare ("KIPI Land"); and
(iii) plots of land situated at Tanah Kuning and Mangkupadi Village, that have been acquired by the Seller from individuals land owners but have not yet been certified and registered in Badan Pertanahan Nasional Bulungan ("Uncertified Land").
(The KIKI Land and KIPI Land shall collectively be referred to as the "Certified Land". KIKI and KIPI are collectively referred to as the "Buyers" and the Seller and the Buyers are hereinafter referred to as the "Parties").
Above is the Heads of Agreement for TSH to sell its 13,214.90 Hectares (32,654 Acres) Lands in Tanah Kuning, Bulugan Regency for Rm678,974,162
See
Indonesia To Construct Its First Green Industrial Park
A consortium of companies has started the construction of the first green industrial park of Indonesia in Tanah Kuning, Bulungan Regency, North Kalimantan. A solar power plant will also be constructed in the area. In cooperation with China and UAE, the park will be built in a 30,000-hectare area.
Minister of Maritime Affairs and Investment Luhut Binsar Pandjaitan said, “The battery industry being built here is not only nickel-based but also nickel-free. We are also building a solar panel factory and precision engineering plant.”
“Indonesia’s economic transformation starts here where we will manage our natural resources from the upstream to downstream to create massive job availability,” President Joko Widodo said.
The step to building the park was taken to support the efforts of reducing CO2 emissions and using renewable energy. An investment of $ 132 billion will be required for the same and $ 130 billion has already been collected for the same.
Adaro’s Vice President Director, Ario Rachmat, said, “We are optimistic that global demand for aluminum products will keep rising, particularly for cable, battery, and chassis. We also expect that going forward, other industries, which require aluminum, such as solar panels and electric vehicles, can be produced in this facility.”
According to President, the area would be supported by hydropower plants from the Kayan River. The project is developed by PT Kalimantan Industrial Park Indonesia (KIPI) led by Adaro’s President Director Garibaldi Thohir.
See comments in NST
TSH to net nearly RM400mil gain from Kalimantan land sale
By Farah Adilla - December 13, 2021
KUALA LUMPUR: TSH Resources Bhd is expected to realise a net disposal gain of RM398 million from the proposed disposal of its North Kalimantan landbank for RM679 million, Kenanga Research said.
The firm said the disposal would be positive for the company as the land was not generating profit or cash-flows.
"Assuming the Heads of Agreement (HoA) leads to a simple outright cash sale, the proposal is welcomed on several counts - earnings per share (EPS) uplift thanks to lower interest cost moving forward due to debts being repaid, less volatile EPS once debts are trimmed and an acceleration in new or re-planting which should translate to earlier g
THIS BULUGAN REGENCY IS INDONESIA'S WORLD BIGGEST GREEN TECH INUSTRIAL PARK
Will the deal go Through
Highly probable
Why?
Answer: BECAUSE IT HAS SECURED AMPLE FUNDING CAPITAL
Read this
The step to building the park was taken to support the efforts of reducing CO2 emissions and using renewable energy. An investment of $ 132 billion will be required for the same and $ 130 billion has already been collected for the same.
Read once more in Bold
USD130 BILLION HAS ALREADY BEEN COLLECTED
How much in Ringgir?
Rm130 Billions x 4.1
= RM533 BILLIONS
Are they able to buy TSH's Tanah Kuning < Bulugan Regency lands for Rm678.974 Millions?
SURE CAN & THERE IS NO TURNING BACK AS PRESIDENT OF INDONESIA HAS LIMITED TIME TO SHOW HIS LEGACY AS HIS 2ND TERM ENDS IN YEAR 2025 (ONLY 2 1/2 SHORT YEARS TO BUILD
Now when this deal is Done How Much Profit will TSH be Reporting?
Again we use the short cut formula
Rm398 Millions divides by Rm63.433 Multiply by 4.60
= 28.861 sen
Since TSH only owns 90%
So 28.861 X .9
= 25.975 sen
= 26 sen (nearest decimal)
If deal isc concluded by March 31 then result will be out by May 2022
If it falls within April 1st to June 30th then the Result will be reported by Aug 2022
3) NOW INDONESIA HAS ALSO SHIFTED ITS CAPITAL TO KUTAI REGENCY AND BY LAW CALLED IT "NUSANTARA" THE NEW CAPITAL OF INDONESIA - AND THIS PLACE WILL BE LIKE PUTRAJAYA OF MALAYSIA, SHENZHEN OF CHINA OR BEIJING OF CHINA (ITS OLD CAPITAL WAS NANKING)
TSH RESOURCES HAS HIT 4 BULL'S EYES
IT HAS 3 PLOTS OF ESTATES IN KUTAI WEST
ONE PLOT IN KUTAI EAST
THE COST OF PURCHASE ABOUT 10 YEARS AGO WAS 20 TO 22 SEN PSF (CURRENT ASKING PRICE RANGES FROM AS HIGH AS RM30 TO RM40 PSF
IF SOLD IT WILL BRING IN UNTOLD AMOUNT OF PROFITS IN THE BILLION RINGGIT
No Wonder that Both Directors of TSH Kelvin Tan & Mr. Lim Fook Lin are buying and buying up TSH Shares in HUGE CHUCKS even against EPF relentless sell down
Why ah?
ANSWER:
BECAUSE THEY KNOW THE BRIGHT FUTURE OF TSH RESOURCES' STRONG EARNINGS FROM PALM OIL AS WELL AS ITS HIGHLY VALUABLE LANDBANKS
LANDBANKS OR LAND BANKING?
YES!!!
IN THE TOP 30 HOLDERS OF TSH (Refer Annual Report: Scroll down to Top 30 Owners of TSH)
11. Maybank Nominees (Asing) Sdn. Bhd.Walton Private Investment Limited....38,483,958....... 2.79%
At Top 11 is WALTON LANDBANK INVESTMENT CO FROM USA with 38.483 Million TSH shares (2.79%)
Walton is the Expert World Class Land Banking Investment Co specializing in Lands with GREAT POTENTIAL (CURRENT & FUTURE)
THAT IS WHY WE ARE BULLISH ON TSH BY MANY FACTORS
1) HIGH GROWTH AS TSH & INNO SELL AT PREMIUM PRICES ON SPOT (NO LOCK IN FORWARD SALE)
2) TSH HAS HIDDEN ASSETS OF IMMENSE VALUE (NO WONDER TSH BOSSES ONLY BOUGHT TSH AND NOT INNO AS INNO DOES NOT OWN BUT RENT ITS LANDS FROM SABAH GOVERNMENT)
TSH TODAY RM1.59
OUR TARGET PRICE IS RM4.00 WHEN VALUE OF LAND SALES ARE UNLOCKED TSH MIGHT SPRING UP THE GREATEST SURPRISE YET
Best Regards
Calvin Tan
Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-03-14-story-h1600243554-PALM_OIL_JEWEL_TSH_RESOURCES_WITH_EARNINGS_VISIBILITY_GREAT_CERTAINTY_W
