Dear friends of i3 Forum

We just discovered an interesting news. While going through the Top 30 Shareholders of RSawit we "SEE" this

Refer to latest Annual Report of RIMBUNAN SAWIT (Bursa Website)

See Top 30 Holders

Thirty Largest Securities Account Holders

No. of

Name Ordinary Shares %

1 Pemandangan Jauh Plantation Sdn Bhd 526,955,544 25.81

2 Malaysia Nominees (Tempatan) Sendirian Berhad 170,000,000 8.33

Pledged Securities Account for Tiong Toh Siong Holdings Sdn Bhd

(88-00016-000)

3 Pertumbuhan Abadi Asia Sdn Bhd 114,187,400 5.59

4 Teck Sing Lik Enterprise Sdn Bhd 102,107,388 5.00

5 Rimbunan Hijau Southeast Asia Sdn Bhd 100,584,800 4.93

6 RHB Nominees (Tempatan) Sdn Bhd 90,700,000 4.44

Bank of China (Malaysia) Berhad Pledged Securities Account

for Tiong Toh Siong Holdings Sdn Bhd

7 State Financial Secretary Sarawak 76,034,272 3.72

8 Multi Greenview Sdn Bhd 69,500,000 3.40

9 Rejang Height Sdn Bhd 63,345,591 3.10

10 Pertumbuhan Abadi Enterprises Sdn Bhd 58,096,800 2.85

11 Kinta Hijau Sdn Bhd 43,952,100 2.15

12 Ladang Hijau (Sarawak) Sdn Bhd 37,052,788 1.81

13 Rimbunan Hijau (Sarawak) Sdn Bhd 15,686,400 0.77

14 Tiong Toh Siong Enterprises Sdn Bhd 10,402,400 0.51

15 TC Blessed Holdings Sdn Bhd 7,214,400 0.35

16 AllianceGroup Nominees (Tempatan) Sdn Bhd 5,451,900 0.27

Pledged Securities Account for On Kok Thong (7010694)

17 Tiong Chiong Ong 4,877,208 0.24

18 Ong Ngoh Ing @ Ong Chong Oon 4,550,000 0.22

19 Chong Tong Siew 4,378,000 0.21

20 Roseate Garland Sdn Bhd 4,180,520 0.20

21 AllianceGroup Nominees (Tempatan) Sdn Bhd 4,000,000 0.20

Pledged Securities Account for Kong Kok Choy (8092812)

22 RHB Nominees (Tempatan) Sdn Bhd 4,000,000 0.20

Pledged Securities Account for Veloo A/L Karupayah

23 Tiong Toh Siong Holdings Sdn Bhd 3,729,560 0.18

24 Lueh Tai Wai 3,200,000 0.16

25 Gooi Seong Gum 3,000,000 0.15

26 Kendaie Oil Palm Plantation Sdn Bhd 3,000,000 0.15

27 Yayasan Sarawak 3,000,000 0.15

28 Public Nominees (Tempatan) Sdn Bhd 2,981,100 0.15

Pledged Securities Account for Yap Kau Tee (E-KPG)

29 Ti Geok Chiam 2,479,700 0.12

30 Diong Hiew King @ Tiong Hiew King 2,400,000 0.12

Pledged Securities Account For On Kok Thong

Coming in at Top 25th position is Mr Gooi Seong Gum with 3 Million Rsawit shares.

A big surprise indeed. A check with KMLoong he only own 

Gooi Seong Gum 397,800 (directly)

DIRECTORS’ SHAREHOLDINGS (As per Register of Directors’ Shareholdings)

Direct Interest Indirect Interest

Name of Directors Shareholdings % Shareholdings %

Gooi Seong Lim 6,102,532 (a) 0.63 632,435,972 (b) 65.39

Gooi Seong Heen 5,568,922 (c) 0.58 628,227,576 (d) 64.95

Gooi Seong Chneh 5,127,922 0.53 628,227,576 (e) 64.95

Gooi Seong Gum 397,800 0.04 628,378,776 (f) 64.97

his direct interest in Kmloong (397,800) so little & SO MUCH IN RSAWIT (3,000,000) ???

While indirectly he owns 64% of KMLoong with his 3 other Gooi Brothers

And in Crescendo he only holds through KM Loong

See his profile in KM Loong

Read again

. His experience covers oil palm and rubber estate management, property development and construction site management

1. Experienced in Palm Oil

2. Rubber estate

3. Property development

4. Construction Site Management

1&2 involve Agriculture

3&4 got to do with Real Estate, Construction & Land Banking?

Crescendo just sold some lands and reaped Millions of Profit per acre!

So why he bought 3 Million RSawit shares in Year 2020? (And not his own KMLoong or Crescendo???)

Yes. Refer all 3 years of Rsawit Annual Reports of 2020, 2021 & 2022.

He has been holding these 3 Million RSawit Shares

Now what is the reason for buying RSawit when there are more than 40 Palm oil & Palm oil Related Shares out there?

And these are some happy conclusions

It all started with KM Loong looking for more Palm oil Acquisitions

See

Kim Loong buys oil palm plantation land in Sabah for RM92.5m

PETALING JAYA: Kim Loong Resources Bhd has purchased four pieces of oil palm plantation land in Sabah for RM92.54 million cash, or RM32,500 per acre.

It entered into four conditional sale and purchase agreements with Greenfingers Sdn Bhd, R & H Sdn Bhd, Bakti Perusahaan Sdn Bhd and Sri Handal Sdn Bhd for the acquisition of the plantation land measuring 258.06ha (RM20.73 million), 390ha (RM31.18 million), 149.05ha (RM11.97 million) and 361ha (RM28.66 million) respectively.

From above reported in The Sun papers in February 2020 we see KMLoong paid Rm32,500 per acre for palm oil lands in Sabah

KMLoong people has been trying to expand its Palm oil Acreage. And since Conversion of New Palm oil lands from Forest Reserve are no longer allowed. The only way is to buy from existing brown-field Palm oil estates owner

And they are really expensive now. Paying Rm32,500 per acre (In those days only Rm20,000 to Rm25,000 in Sabah)

KM Loong owns Palm oil Lands in Peninsular, Sabah & Sarawak

Sarawak?

Yes!

Go see KMLoong Annual Report

Scroll down to Properties Owned by KM Loong in Sarawak

See

LIST OF PROPERTIES

HELD BY THE GROUP (KM LOONG)

Winsome Pelita (Pantu) Sdn. Bhd.

- Sungai Tenggang and Kranggas/ Mawang

NCR Native Land 60 years

Oil palm plantation 2,773.70 Hectares (06 Jan 2010)  Rm43,027,000

Sri Aman, Sarawak

Ok let us do a break down

KM Loong bought these NCR Native Land with 60 Years Lease

Date of Purchase/Or last updated 6 January 2010) 14 years ago

2,773.7 Hectares and Book Value is Rm43,027,000 (About Rm43 milions)

To convert to Acres multiply by 2.471

= 6853.81 acres

To get cost per Acre

Divides Rm43,027,000 by 6853.81

= Rm6,277 per acre

That is cheap? But that was purchased 14 years ago?

Now while KMLoong bought its lands cheap 14 years ago at Rm6,277 an acre

There is a Palm Oil Company with even much cheaper lands

How come?

Now go SEE Rsawit Annual Report

Scroll down to its Properties owned

1st piece

NCR Land Located 

 Ulu Teru Land, 

Miri Division, Sarawak^

JVA Commecing on 2003 - 7,900.00 Ha Oil Palm Estate - Rm90,486,000

From above we SEE the land was bought in year 2003 (7 years earlier than KM loong 2020)

7,900 Hectares or 19,520 Acres

Book Value Rm90.486 Millions

or Cost per Acre

= Rm4,635 per acre

Huhuhu! That is VERY CHEAP!

Cheaper than KMLoong by 27%

2nd Piece

NCR Land Located JVA Commecing 2005 - 3,367.00 Ha Oil Palm Estate - Rm36,701,000

Long Ekang and on 2005

Long Banyok,

Miri Division@

Above was purchased in year 2005 (5 years earlier in time than KM Loong's)

3,367 Hectares = 8,319 acres

Book Value Rm36.701 Millions

or Rm4,411 per acre

Or 30% Cheaper than KM loong Sarawak lands

Now see

3rd piece

NCR Land at Selangau, JVA Commecing 2001 - 5,000.00 Ha Oil Palm Estate - Rm26,704,000

Mukah, Sibu Division^ 

Bought 2001 (9 years earlier than KMLoong 2010)

5,000 Hectares = 12,355 Acres

Book Value Rm26.704 Millions

Cost per acre

= Rm2,161 per acre

THAT IS 66% CHEAPER THAN KMLOONG LAND IN SRI AMAN!!)

RM2,161 Per Acre Land Cost in SIBU?

THAT IS AMAZING VALUE INDEED!!!

No wonder Mr. Gooi hantam kuat kuat & bought 3 Million RSawit shares with Such UNDERVALUE ASSETS?

Rsawit now 27 sen

What will be the Price of Rsawit in 1 year, 3 years or 5 years?

When its Lands Turn into "Gold mine" when Pan Borneo Highway passes through Kuching, Sibu & Miri?

With Kind Regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult your Fund Manager or Remisier

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RSAWIT OWNS 172,000 ACRES OF LAND IN SARAWAK - ONE OF MALAYSIA'S FASTEST GROWING STATE UNDER ABANG JO(HARI)

Dear friends of i3 forum

This is an excellent article on RIMBUNAN SAWIT. All the revealed facts are by the recently Appointed MD 

See

KUCHING: Rimbunan Sawit Bhd will undertake a series of short-to-medium term measures to beef up crop production and yield of its loss-making oil palm plantations.

Managing director Tiong Chiong Ie said the group plans to implement a recovery and rehabilitation programme to improve the conditions of these plantations.

Among the measures is the deployment of additional resources, such as machinery, equipment and human resources, to maximise fresh fruit bunch (FFB) crop recovery in the most productive blocks of the oil palm estates.The group will upgrade, repair and carry out maintenance works on the main and field roads to facilitate accessibility to and from the plantations.

To attract more workers to its plantations, Tiong said Rimbuan Sawit would establish attractive field work piece rates plus incentives, as well as refurbish or renovate the existing workers’ quarters to upgrade their amenities and facilities or construct new workers’ accommodation.

Rimbunan Sawit group owns 16 oil palm estates in Kuching, Sibu and Miri with a total planted area of 42,478ha, representing about 60.76% of the group’s total landbank of 69,909ha.

As at Dec 31, 2022, about 49% or 20,849 ha of the oil palms were in prime mature age cluster (eight to 19 years), 17,794ha or nearly 42% were old mature (over 20 years), 1,259 ha (young mature) and 2,576 ha (immature).

The group also owns and operates three palm oil mills.

Via wholly-owned subsidiaries R.H. Plantations Sdn Bhd and Jayamax Plantation Sdn Bhd, Rimbunan Sawit has entered into sales and purchase agreements with Mahawangsa Sungai Bok Plantation Sdn Bhd (formerly known as Hua Seng Plantation Sdn Bhd) (MSBPSB) to dispose of two loss-making oil palm plantations known as the Selangor Estate and Jayamax Estate in Miri Division, northern Sarawak for a total of RM165mil in cash.

The Selangor Estate covers 4,857ha and Jayamax Estate 5,077.66ha, which also include buildings.

In a circular to shareholders on the proposed disposal of the Selangor Estate and Jayamax Estate, Tiong said besides these two estates, the group has other loss-making oil palm plantations.

However, he did not disclose the number and size.

Rimbunan Sawit shareholders will vote on the proposed disposals at an EGM on April 8.

According to Tiong, the Selangor Estate and Jayamax Estate had been loss-making for three consecutive financial years up to 2022.

This was mainly because of shortage of oil palm harvesters as a result of travel restrictions and border closures imposed by the federal government to curb the spread of Covid-19 pandemic, as well as adverse weather conditions arising from the El Nino phenomenon in 2020.

This, he pointed out, had resulted in low FFB production and yield of the estates.

As both the Selangor Estate and Jayamax Estate are located at the boundary of the group’s oil palm estates in Miri, Tiong said their disposals are expected to cause minimal disruption to the operations of the group’s other oil palm estates within the region.

“Furthermore, given that the Selangor Estate and Jayamax Estate are adjacent to each other, disposing them together would enable MSBPSB to achieve economies of scale by operating the Selangor Estate and Jayamax Estate together,” he added.

The sales of the Selangor Estate and Jayamax Estate would reduce Rimbunan Sawit group ‘s total planted landbank by 17.99% or 7,643 ha.

Rimbunan Sawit group had suffered net losses for five consecutive years to 2022 but the losses had been reduced substantially from RM148.7mil in 2018 (revenue: RM338.7mil) to RM62.8mil (RM284.7mil) in 2019, to RM56.1mil (RM385.5mil) in 2020,to RM6.98mil (RM541.5mil) in 2021 and RM5.8mil (675.9mil) in 2022.

In 2023, the group made a turnaround and returned to the black with profit of RM24.5mil on revenue of RM507.8mil.

Tiong said the proposed disposals of the Selangor Estate and Jayamax Estate represents an opportunity for the group to unlock the value at a premium to their respective market value.

The group is expected to record a pro forma gain on disposal of about RM77.94mil.

From the proceeds of the sales, he said the money would be utilised for partial repayment of the group’s interest-bearing borrowings of about RM86.11mil.

This is expected to result in an interest cost savings of about RM3.99mil per annum and lower the group’s gearing level to 0.61 times from 0.99 times.

“In addition, part of the proceeds of the proposed disposals will be channelled towards the group’s business operations, as it will be utilised to fund new planting and replanting of oil palms. In that regard, the group will be able to conserve its internally generated funds to strengthen its financial position.”Going forward, Tiong said the group will seek opportunities to replenish and expand its plantation assets.

“The group takes cognisance that the foreign worker availability in Malaysia is gradually improving and expects healthy soil moisture conditions and lower-flooding disruptions to support output of its palm oil products, which bodes well for the performance of its oil palm estates in the longer term.

“Furthermore, with expectations of firmer palm oil prices and greater demand of palm oil products from the market, coupled with the group’s continuous efforts to optimise its operations and costs to drive greater efficiency and productivity, the group is cautiously optimistic on the outlook of the oil palm plantation segment as well as the financial performance of the group,” he added.

Calvin comments:

From the above let us do a detailed break down

As a result of lack of workers Rsawit has suffered 5 years of losses

See

Rimbunan Sawit group had suffered net losses for five consecutive years to 2022 but the losses had been reduced substantially from RM148.7mil in 2018 (revenue: RM338.7mil) to RM62.8mil (RM284.7mil) in 2019, to RM56.1mil (RM385.5mil) in 2020,to RM6.98mil (RM541.5mil) in 2021 and RM5.8mil (675.9mil) in 2022.

Managing director Tiong Chiong Ie said the group plans to implement a recovery and rehabilitation programme to improve the conditions of these plantations.

"Above are very positive words."

Among the measures is the deployment of additional resources, such as machinery, equipment and human resources, to maximise fresh fruit bunch (FFB) crop recovery in the most productive blocks of the oil palm estates.The group will upgrade, repair and carry out maintenance works on the main and field roads to facilitate accessibility to and from the plantations.

"Can expect increased collections of FFB just like Jtiasa, its sister Company"

And this was what Jtiasa did. THEY GAVE INCENTIVES TO WORKERS TO WORK OVERTIME & COLLECT AS MUCH FFB AS POSSIBLE.

Harvesting FFB begins at 6am daily and ends at 2.00pm (8 hours daily) . By exending "OVERTIME" from 2pm  to 6pm daily there will be an extra 4 daylight harvesting hours or 50% more. In this way JTIASA FFB production jumped by 50%

What Jtiasa did will now be done in RSAWIT as well"

Rimbunan Sawit group owns 16 oil palm estates in Kuching, Sibu and Miri with a total planted area of 42,478ha, representing about 60.76% of the group’s total landbank of 69,909ha.

NOTE: RSAWIT LANDS ARE LOCATED IN PRIME AREAS OF

1. KUCHING

2. SIBU

3. MIRI

These well located Lands are all along THE PAN BORNEO HIGHWAY. Their prices are now increasing day by day as NEW HIGHWAY will unlock their Land Value by ACCESS.

A TOTAL OF 69,909 Hectares

Convert to Acres by Multiplying with 2.471

= 172,745 Acres!

How Big is 172,745 Acres

About 2.36 Times the Land Size of Penang Island!

2 Penang Islands Plus 1/3 More to Spare?

See

​

WOW! RSAWIT OWNS LOTS AND LOTS OF LANDS

Share price is a mere 27 Sen only?

Today many are going over GaGa over Property Stocks. Many of they do not even own more than 1,000 Acres

Imagine: Rsawit has 172,745 Acres Strong!

 a total planted area of 42,478ha

or 104,963 acres are Planted with OIl Palms

Now FCPO is over Rm4,300 a ton

Cost of Cpo production for most only half its price

So there will be a 100% gross profit.

Can you SEE how Rsawit will reap a golden windfall if it could get to harvest all its FFB?

According to Tiong, the Selangor Estate and Jayamax Estate had been loss-making for three consecutive financial years up to 2022.

​

This was mainly because of shortage of oil palm harvesters as a result of travel restrictions and border closures imposed by the federal government to curb the spread of Covid-19 pandemic, as well as adverse weather conditions arising from the El Nino phenomenon in 2020.

Why did Rsawit underperformed?

The answer 

This was mainly because of shortage of oil palm harvesters as a result of travel restrictions and border closures

now no more

as such it is time for Rsawit to buckle up and double up its effort in getting the last bunch of FFB at the furthest reaches to GET MAXIMUM YIELD!

Rimbunan Sawit group had suffered net losses for five consecutive years to 2022 but the losses had been reduced substantially from RM148.7mil in 2018 (revenue: RM338.7mil) to RM62.8mil (RM284.7mil) in 2019, to RM56.1mil (RM385.5mil) in 2020,to RM6.98mil (RM541.5mil) in 2021 and RM5.8mil (675.9mil) in 2022.

Look again at these figures VERY VERY CAREFULLY

While Revenues Have Increased Losses are getting less & lesser 

 2018

(Revenue: RM338.7mil)

Losses: RM148.7mil 

2019 

Revenue  (RM284.7mil)

Losses: RM62.8mil

​

2020 

Revenue  (RM385.5mil)

Losses: Rm56.1 Mil

2021

Revenue (RM541.5mil)

Losses:   RM6.98mil

​

2022

Revenue: (675.9mil)

Losses : RM5.8mil

​

Read again the FIGURES!!

In 2018 (Revenue: RM338.7mil)

Losses: RM148.7mil 

By  2022

Revenue: (675.9mil)

Losses : RM5.8mil

​

EXCELLENT! EXCELLENT INDEED

Now SEE year 2023

In 2023, the group made a turnaround and returned to the black with profit of RM24.5mil on revenue of RM507.8mil.

FINALLY LAST YEAR

A TURNAROUND PROFIT OF RM24.5 MILLIONS!

Well Done!

Well Done!!

And no wonder MD also put his money where his mouth and heart is

See how he bought & bought Rsawit shares

Dear Friends of I3 Forum,

RSAWIT IS CATERGORIZED AS A "TURNAROUND" COMPANY

But first read this 

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I STUDY THE NUMBERS - By JOHN NEFF

NOW LET US STUDY THE NUMBERS OF RSAWIT IN 4 SETS OF RESULTS

1. MARCH 31 2023 RESULTS OF RSAWIT

ABOVE SHOWS A LOSS OF 

-0.85

2. JUNE 30 2023 RESULTS

ABOVE SHOWS A 0.00 (NO PROFIT)

3. SEPTEMBER 30 2023 RESULTS

​

FINALLY ABOVE SHOWS A SMALL PROFIT OF 0.24 SEN

DECEMBER 31 2023 RESULTS

​

FANTASTIC TURNAROUND

AN EXCELLENT PROFIT OF 1.81 SEN AT LAST!!

AND MORE!

RSAWIT HAS DISPOSED TWO PALM OIL ESTATES

IT WILL RECEIVE RM165 MILLIONS TO FURTHER PARE DOWN BORROWINGS PLUS REGISTER A NICE PROFIT OF RM77 MILLIONS FROM ASSET SOLD

AND THAT WILL BE A PROFIT OF 3.77 SEN

SO LET US SUM IT UP AND SEE ALL THE FIGURES!

1. -0.85 (Loss)

2. 0.00 (Nil)

3. 0.24 (Small profit)

4. 1.81 (Decent profit)

COMING SOON

3.77 SEN (Fantastic profit)

LOOKS LIKE THE BALANCE SHEET OF RSAWIT IS GETTING BETTER AND BETTER AND EVEN BETTER AHEAD JUST LIKE JTIASA'S - ITS SISTER COMPANY

BEST REGARDS

Calvin Tan

Please buy/sell after doing your own due diligence or consult your Remisier/Fund Manager

Dear friends,

As promised we will now look into the Deeply Undervalue Assets of RSawit

But first take another look at FCPO

Crude Palm Oil Futures

Rm4279

NOW WE LOOK AT THE ASSETS OF RSAWIT

REFER TO BURSA RSAWI (AR)

RIMBUNAN SAWIT BERHAD [REGISTRATION NO: 200501014346 (691393-U)] I ANNUAL REPORT 2022

LIST OF PROPERTIES OWNED BY THE GROUP

1. NCR Land Located Ulu Teru Land

Miri Division, Sarawak

 JVA Commecing - 7,900.00 Ha Oil Palm Estate - Rm90,486,000

Dated 2003

Ok from above let us do a breakdown

It has 7,900 Hectares in Miri Division

To convert to Acres Multiply by 2.417

= 19,520 acres

Book Value as at year 2003 = Rm90,486,000

To get cost per acre divides Rm90,486,000 by 19,520 acres

= Rm4,635 per acre

What is the current land value in Ulu Teru, Miri Division today?

See

Dipaparkan pada 29 Feb 2024 10:57 AM

(RM 26250 setiap ekar)

miri, Miri

Agricultural Land  •  Keluasan Tanah : 8,000 ekar

From above we can SEE that agriculture lands in Miri is now worth Rm26,250 an acre

2. 

Lot 11,& Lot 12  Buloh Land District Provisional  4,625.00 Ha Oil Palm Estate 

Date of purchase 1999 

Rm86,355,000

4,625 hectares = 11,428 acres

Cost Rm86.355 Millions

Cost per acre = Rm7,556 

Why more expensive?

It was purchased later in time.

And see this

Sibu Ulu Oya Road Country Land For SALE

Sibu Ulu Oya Road Country Land For SALE

Lot 100

Asking Price: RM20,000/ acre

Total Price:RM130,200

3. Lot 56, Sawai Land District  4,857.00 Ha Oil Palm Estate

Dated 1994

Rm 47,749,000

Cost per acre RM3,978

AGAIN WE SEE THAT LANDS IN SIBU NOW WORTH RM20,000 PER ACRE

4. 

Lot 56 & 58, Bok Land Disctrict 2087 1988

Provisional

Lot 65, Bok Land Disctrict LeasEHOLD  5,559.00 Ha Oil Palm Estate

Dated 2005 

rM46,068,000

THIS LAND IS RM3,353 

THIS LAND NEAR KUCHING IS REAL CHEAP AT ONLY RM3,353 PER ACRE

See

BOK LAND IS LOCATION IN KUCHING

See Kuching agricultural land price today

​

​

RM 346,400

Here we SEE 4.33 acres asking for Rm346,400

Per acre cost is Rm80,000 per acre

Rm3,353 cost per acre (RSAWIT lands!)

From above 4 Examples of Rsawit Lands in Miri, Sibu & Kuching Regions

We see Rsawit land cost only Rm a low of Rm3,353 to Rm7,556 per acre

While Advertised Agricultural Lands now ranged from Rm20,000 to Rm80,000 Acres

Since Rsawit owns more than 150,000 Acres or Twice the Size of Penang Island 72,900 Acres

If Rsawit were to sell these Lands at current value IT WILL UNLOCK IMMENSE VALUE for Shareholders

This is one reason why RSawit has Sold two pieces for Rm165 Millions garnering a gain of 88%

Palm Oil Lands are now a precious commodity as there is no more conversion of Forest lands to Palm oil allowed

Only way for anyone to grow their palm oil lands is to buy from existing palm oil land owners like RSawit

With kind regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult your remisier/fund manager

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Johari: Palm oil industry players need to increase FFB yields

• Thursday, 14 Mar 2024

  6:45 PM MYT

​

​

Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR: Industry players and smallholders need to increase the production of fresh fruit bunches (FFB) and crude palm oil (CPO) to maintain the relevance of the Malaysian palm industry, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

He said the government would not open new plantation areas but instead would focus on efforts to increase the yields.

"If we can achieve an FFB yield of 18 tonnes per hectare, this industry can produce 20.5 million metric tonnes of CPO, an increase of two million metric tonnes from 18.5 million metric tonnes last year,” he said in winding up the debate on the Motion of Thanks on the Royal Address for his ministry in the Dewan Rakyat today.

He said the government would not open new plantation area

THAT'S IT!

PLUS MORE!!

Now SEE & UNDERSTAND PLEASE

Abang Jo is trying his best to industrialize Sarawak State

Lots of Foreign FDI will flow into Sarawak to set up Industrial Parks, Green Tech Park, Green Energy, Data Center, Solar Center, Ete Etc

AND LOTS AND LOTS OF LANDS WILL BE NEEDED

Among Biggest Land Owners in Sarawak is Rsawit 

Long ago Johor Corp took Kulim private for Its Lands to be hived off  in Pengerang for building New Townships

See Kulim final result

Refer Bursa

See KULIM above

Kulim was Rm2.50 when we told all to buy. Many complained Kulim got little earnings (actually losses) 

But JCorp took Kulim private at Rm4.10 (above Nav of Rm3.82 )

See Bplant

Last final result of Bplant

Made less than 1 sen

Nav only Rm1.29 (LTAT gave Rm1.55 to take private)

Its revised NTA was Rm2.60

So again Bplant was taken private for its "gold mine" lands for Data Centre & Housing

Now see 

RSawit

Dear friends of i3 Forum

In year 2021 Eagle Group selected Top 10 Palm Oil Stocks out of 43 in KLSE

And these are the Ones

See

Reposted Article: OIL PALM STOCKS IN Bull Run Time: Those Prepared with Biggest Capacity Will Always Excel More Than Others, Calvin Tan

Publish date: Thu,, 04 Nov 2021 11:29 PM

Small Palm OIl Stocks can only carry few people like a Sampan boat (Maybe 10,000 Acres To 20,000  Acres Oil Palms) 

PENANG FERRY FOR VEHICLES/PASSENGER (So Are Palm Oil Stocks with Medium Sized Plantations) From 50,000 acres to 80,000 acres Oil Palms

LARGEST CRUISE SHIP LIKE PALM OIL COMPANIES (200,000 ACRES OR MORE)

SO ARE PALM OIL COMPANIES

SINCE CPO PRICES HAVE CROSSED RM4,200 PER TON (UP MORE THAN 100% PER TON)

STOCKS LIKE

SARAWAK OIL PALM

FGV

TAANN

TSH RESOURCES

THPLANT

BPLANT

JAYA TIASA (GIANT TREASURE)

IOI CORP (432,000 ACRES: TOP 3 BIGGEST IN BURSA)

SIMEDARBY PLANT (3.3 MILLION ACRES WORLD BIGGEST)

HS PLANT (100,000 ACRES 100% PURE UPSTREAM & SELLS SPOT BEST)

ALL WITH OVER 200,000 ACRES TO OVER 1 MILLION ACRES OF OIL PALMS SHOULD DO EXCEEDINGLY WELL

Best Regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager

Another examples are During Rainy Season

Rain is Free

BUT COLLECTING IT DEPENDS ON THE SIZE OF THE CONTAINER (SO ARE OIL PALM ESTATES: THOSE WITH MORE OIL PALM TREES WILL GIVE THE BEST SUM TOTAL AMOUNT OF YIELD

See

How much water can contain?

THIS ONE BIGGER BUT STILL NOT ENOUGH

THIS ONE BELOW BEST! 

Warm Regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult any honest remiser/fund manager

SO FAR SO GOOD

BPLANT was recommended at 57 sen

After dividends Plus LTAT takeover price of Rm1.55 Bplant made a Whopping 369% in 2 short years

So One Bplant is Now a Trophy 

​

WE NOW STILL GOT 9 LEFT

AND THIS EVENING WE HAVE SELECTED RIMBUNAN SAWIT to REPLACE BPLANT

Why RSawit?

See our Answers

First see Rsawit Official Website

We quote

OUR BUSINESS

Plantation

87,614 ha of plantation land.

How many acres Rsawit got?

Just multiply 87,614 by 2.471

= 216,494 Acres

Above 200,000 Acres. So it is in the league 0f Bplant, Jtiasa, Thplant, Tsh Resources & Others also got 200,000 Acres Big Lands

Of course Rsawit has disposed some Palm Oil lands to pare down borrowings just like Tsh

And why do we Pick this RSawit

Three Pronged Reasons

Reason Number One

RSAWIT is 100% Pure Upstream Palm Oil Co

Plus it has 3 Palm Oil Mills

And as We Found out

High Cpo price will Benefit All PURE UPSTREAM PALM OIL COMPANIES SOLDLY SELLING FFB & CPO

This is the Latest Fcpo Price

Crude Palm Oil Futures

​

Above 3 Insiders/Directors bought as high as 20 sen to 23 sen

So at 22 sen though price has risen somewhat we think price still inexpensive

In any case we once bought as high as 50 sen & "Cutloss" So now that Cpo is over Rm4,190 buying this Rsawit back at 22 sen to 23 sen looks quite inexpensive compared to its historic high

And now by disposing assets we see Good Profits

See

TOP 30 SECURITIES ACCOUNT HOLDERS (JTIASA)

(Without aggregating the securities from different securities accounts belonging to the same Depositor)

No. Name No. of Shares %

1 Malaysia Nominees (Tempatan) Sendirian Berhad

Pledged Securities Account For Tiong Toh Siong Holdings Sdn Bhd 145,000,000 14.98

2 AMSEC Nominees (Asing) Sdn Bhd

KGI Securities (Singapore) Pte. Ltd. for Genine Chain Limited 71,055,164 7.34

3 Tiong Toh Siong Enterprises Sdn Bhd 50,449,008 5.21

4 Amanas Sdn. Bhd. 48,294,961 4.99

5 Nustinas Sdn. Bhd. 48,293,154 4.99

6 Asanas Sdn Bhd 47,459,343 4.90

7 Tiong Toh Siong Holdings Sdn Bhd 45,730,471 4.72

8 Pertumbuhan Abadi Asia Sdn. Bhd. 21,864,045 2.26

9 RHB Capital Nominees (Tempatan) Sdn Bhd

Pledged Securities Account For Tiong Toh Siong Holdings Sdn Bhd 18,000,000 1.86

Now See RSawit Top Holders

Thirty Largest Securities Account Holders

No. of

Name Ordinary Shares %

1 Pemandangan Jauh Plantation Sdn Bhd 526,955,544 25.81

2 Malaysia Nominees (Tempatan) Sendirian Berhad 170,000,000 8.33

Pledged Securities Account for Tiong Toh Siong Holdings Sdn Bhd

(88-00016-000)

3 Pertumbuhan Abadi Asia Sdn Bhd 114,187,400 5.59

4 Teck Sing Lik Enterprise Sdn Bhd 102,107,388 5.00

5 Rimbunan Hijau Southeast Asia Sdn Bhd 100,584,800 4.93

6 RHB Nominees (Tempatan) Sdn Bhd 90,700,000 4.44

Bank of China (Malaysia) Berhad Pledged Securities Account

for Tiong Toh Siong Holdings Sdn Bhd

7 State Financial Secretary Sarawak 76,034,272 3.72

8 Multi Greenview Sdn Bhd 69,500,000 3.40

9 Rejang Height Sdn Bhd 63,345,591 3.10

10 Pertumbuhan Abadi Enterprises Sdn Bhd 58,096,800 2.85

11 Kinta Hijau Sdn Bhd 43,952,100 2.15

12 Ladang Hijau (Sarawak) Sdn Bhd 37,052,788 1.81

13 Rimbunan Hijau (Sarawak) Sdn Bhd 15,686,400 0.77

14 Tiong Toh Siong Enterprises Sdn Bhd 10,402,400 0.51

15 TC Blessed Holdings Sdn Bhd 7,214,400 0.35

16 AllianceGroup Nominees (Tempatan) Sdn Bhd 5,451,900 0.27

Pledged Securities Account for On Kok Thong (7010694)

17 Tiong Chiong Ong 4,877,208 0.24

18 Ong Ngoh Ing @ Ong Chong Oon 4,550,000 0.22

19 Chong Tong Siew 4,378,000 0.21

Toh Tiong Siong & his relatives own 66% of Rsawit (More than he owns Jtiasa)

See

Substantial Shareholders in RSAWIT

The substantial shareholders’ interests in ordinary shares in the Company as per the Register of Substantial Shareholders

as at 4 April 2023 are as follows:

No. of shares No. of shares

Name held (Direct) % held (Indirect) %

1. Tiong Toh Siong Holdings Sdn Bhd 264,429,560 12.95 633,508,332(a) 31.03

2. Pemandangan Jauh Plantation Sdn Bhd 526,955,544 25.81 - -

3. Pertumbuhan Abadi Asia Sdn Bhd 114,187,400 5.59 119,271,200(b) 5.84

4. Teck Sing Lik Enterprise Sdn Bhd 102,107,388 5.00 157,939,300© 7.74

5. Tiong Toh Siong Enterprises Sdn Bhd 10,402,400 0.51 226,568,891(d) 11.10

6. Tan Sri Datuk Sir Diong Hiew King

@ Tiong Hiew King 2,400,000 0.12 1,351,203,971(e) 66.18

A combined total of 66.18%

Now if Jtiasa being the Sister Company could Turnaround So Well There is a Good Possibility Rsawit can also do a Wonderful "TURNAROUND" as well. After all they are owned by same Bosses with the same DNA?

Ok unlike Jtiasa which got Strong Earnings

RSAWIT got Strong Assets for Sale

Jtiasa Pulau Bruit Lands are rented lands

BUT RSAWIT BOUGHT THEIR LANDS BY CASH OUTRIGHT

Now we come to the 3rd Reason which is the Most Important Reason of all

3. RSAWIT IS AN ASSET PLAY WITH OVER 160,000 ACRES OF LANDS STILL AT VERY LOW BOOK VALUE AS LOW AS BELOW RM3,000 PER ACRE

THE DIRECTORS OF RSAWIT MUST HAVE SEEN HOW "TOK MAT SAID PLANTING ON A GOLD MINE LAND"

SO JUST BY SELLING RSAWIT LANDS THEY CAN SEE A GOLDEN WINDFALL

Since Rsawit is a Non Bumi Company Selling Its Lands to UNLOCK VALUE is VERY FAST AND EASY

Why?

Because there are  literally no more conversion of Forest Lands to palm oil allowed

So for any palm oil Company(ies) to expand they must buy from "Existing Palm Oil Land Owners which Got Large Tract of Palm oil Lands"

Prices are very high now and very few are willing to sell. Plus Glc Linked Companies Like Bplant, FGV, SimeDarby Plant and even Thplant are not allowed to sell their palm oil lands to "Non Bumi Entities"

As Such Rsawit being "Non Bumi entity"  will see a Golden Windfall in all its Palm Oil Lands

Currently in Illinois, USA  and Mato Grosso, Brazil Farm Lands growing Soybean & Corn are Skyrocketing Up in Prices due to high agriculture prices. So will be Palm oil Lands

But there is Another Strong Push for Rsawit

Abang Jo is trying to industrialize Sarawak & the Pan Borneo Highway will turn many lands into Commercial Value like Solar Farm & Data Centre

So RSAWIT WILL STAND TO REAP

Rsawit now 22 sen

Let's see how and when it will rebound to our purchase price of 50 sen years ago

We bought Jtiasa at 63 sen & today Jtiasa is Rm1.49

So we think it is possible for RSawit's turn to turnaround

With sincere & kind regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult competent Fund Manager or Remisier

Coming up

RSAWIT - A THROUGHOUT STUDY OF ALL ITS PALM OIL LANDS LISTED

THEIR BOOK VALUE

AND THEIR CURRENT MARKET VALUE

Please stay tuned

Dear Investing Fraternity

This evening we bring you very happy discovery

TSH Owns about 80,000 Acres of Prime Lands in Bongan only 43.9Km near to Titik Nol IKN NUSANTARA

This land or land is very strategic and close to IKN (Capital City of the Archipelago)
Affordable prices and good for you to invest in the future on the land
This land has very good soil content, because it is surrounded by oil palm and rubber plantations from residents and companies
This land also contains abundant MINERALS and COAL
Land area > 23,000 Hectares
Left and right main road towards Barong Tongkok Kubar City
Complete Paperwork Completeness
Private and extended family property that has been controlled from generation to generation from 1600 to the present (historical evidence and other complete documents are available)
Please send your mail if interested to rozmi.azim@gmail.com
Notes:
- Do not serve Land Mafia elements
- If you are serious, please do it without intermediaries
- Future development direction will be towards West Kutai 2024 - 2xxxx because there is still a lot of strategic land and projections for the future
Description

Tanah Kavling Ekslusive Riverside Yeh Gangga Bongan Tabanan

Desa Penawai,

Bekokong

Makmur,

Kecamatan

Bongan Jempang

& Desa Jambuk,

Muara Gusik

Penawai, Tanjung

Sari, Kecamatan

Bongan & Desa

Jambuk Makmur,

Kecamatan

Bongan & Desa

Jambuk Makmur,

Kecamantan

Bongan, Desa

Muara Siram,

Siram Jaya,

Resak Kampung,

Kecamatan

Bongan, Desa

Resak, Kecamatan

Bongan,

Kabupaten Kutai

Barat, Provinsi

Kalimantan Timur

Plantation

land

12,628 ha Oil Palm

Plantation

& Mill

35 years

lease

expiring on

18.02.2045

for land

under Desa

Penawai,

Bekokong

Makmur &

35 years

lease

expiring on

24.02.2045

for land

under Desa

Resak, Desa

Jambuk,

Muara

Gusik,

Penawai,

Tanjung

Sari, Desa

Jambuk

Makmur,

Desa Muara

Siram,

Siram Jaya

dan Resak

Kampung

10 years

(mill)

RM221,366,667 

26.12.2008