Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Tue, 9 Apr 2024, 5:43 AM

 

A PEAK INTO TSH FUTURE DIVIDEND YIELD AS IT EVOLVES INTO A DEBT FREE CASH RICH ENTITY LIKE INNOPLANT, Calvin Tan

Author:   |    Publish date:


Dear Investors

 

TSH results we take another look

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2022

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2022
30 Jun 2021
30 Jun 2022
30 Jun 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
424,413
307,414
761,762
551,495
2 Profit/(loss) before tax
80,467
64,713
196,315
103,693
3 Profit/(loss) for the period
71,165
48,199
177,864
74,648
4 Profit/(loss) attributable to ordinary equity holders of the parent
57,335
39,715
153,810
60,499
5 Basic earnings/(loss) per share (Subunit)
4.15
2.88
11.14
4.38
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
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 ($$)
1.2857
1.1892
 

 

This Qtr earned Rm57 Millions or 4.15 sen

 

Last Qtr was 6.99 sen

Next Qtr will include 22 sen from Bulugan land sale (Staggered Cash Payment Received)

 

Now let's see Inside Balance Sheet

 

Cash & short term funds = Rm282 Millions

 

Non current loan

From RmRm587 millions to Rm415 Millions

 

Rm172 Millions pay to banks and settle debt

 

Current loans

 

From RmRm521 Millions to Rm424 Millions

Rm97 Millions to settle off Bank loans

 

TOTAL CASH PAID TO BANKS

 

RM172 MILLIONS & RM97 Millions

 

A Nice Rm269 Millions pare down loans Save on Interest

 

Total loans now is

 

Rm

Rm415 Millions & Rm424 Millions

= Rm839 Millions

 

Less Cash in hand Rm282 Millions

= Rm557 Millions

 

LESS CASH OF RM550 MILLIONS (OUT OF RM731.09 MILLIONS FROM KALMANTAN LAND SOLD)

 

= Balance loan Rm7 Millions

 

With over Rm200 Millions Cash Profit a Year TSH will soon be Debt Free & Cash Cow

 

NOW TSH CAN FOLLOW INNOPLANT EXAMPLE OF PAYING OUT GOOD DIVIDENDS FOR YEARS TO COME

PLUS WE AWAIT KUTAI/NUSANTARA LANDS TO RISE UP IN VALUE

 

Now Look at INNOPLANT ( ASSOCIATE COMPANY OF TSH IN WHICH DIRECTOR OF TSH TAN AIK KIONG SITS AS CHAIRMAN)

 

INNO DIDIVEND HISTORY

 

 

AS TIME IS NOW ON TSH SIDE WITH ALL BORROWINGS TO BANKS SETTLED

TSH NO LONGER NEED TO PAY BANK LOANS

 

AND CASH PAY OUT CASH AS DIVIDENDS TO SHAREHOLDERS LIKE INNOPLANT

 

What is the quantum of Dividend payout?

 

For INNO is 80% Dividend from Profit

Bplant & Hs Plant both offer 60% is

16.6 x .6

9,96 sen%

 

If TSH give 6%?

 

Let's calculate

This Qtr 4.15 sen

Annualised 4.15 x 4

= 16.6 sen

At 60% is 9.96 sen

 

Hpw many percent ?

 

9.7%

 

It is very favourble getting 9.7% dividend and waiting for Kutai/Nusantara land prices to appreciate further

 

TSh now Rm1.07

One year Target Rm2.70

 

Best & Warm Regards

 

Calvin Tan

 

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

 

While those who misread accounts are selling Directors are patiently buying and buying more

 

 

 

 

 

 

Share this

  Be the first to like this.
 
calvintaneng Note:

Cash of approximately Rm500 millions from Bulugan staggered land sold came in August 9th 2022 so it is not in time for this month results

Rm500 millions (approximately 22 sen profit) will be incorporated in Nov 2022 balance sheet of Tsh

Nov 2022 will be an exceptional earning time
23/08/2022 2:00 PM
calvintaneng in other words the longer you hold the better you will be
23/08/2022 3:41 PM
calvintaneng Happy morning all

Dividend goodies

Simedarby plant
10 sen dividend

Ioi corp 8 sen

Bplant dividend 2.75 sen

Thplant is 1.5 sen dividend

More to come

Jtiasa
SOP
Taann
Hs plant
Fgv

All coming out
24/08/2022 8:17 AM
calvintaneng For Tsh it has given 3 sen dividend early this year but can certainly expect more to come
24/08/2022 8:19 AM
calvintaneng Post removed. Why?
24/08/2022 9:00 AM
stockraider TSH only pays once a yr div loh!
Thus the coming single div payout when announce for the year should be good loh!
24/08/2022 1:52 PM
calvintaneng Happy morning all

Yesterday

Hs plant declared another 5 sen dividend to make the year total of 20.5 sen dividend

Innoplant declared 7 sen to make it 19 sen. Innoplant is the highest dividend paying Palm oil stock

Tsh being top 2nd holder of Inno with 105 million shares will receive Rm7.35 millions from Inno

Director of TSH Tan Aik Kiong also sits on the Board of Innoplant and they gave 80% profit as dividend

Very soon Tsh will also be debt free and able to give good dividend just like Inno
25/08/2022 8:09 AM
calvintaneng Post removed. Why?
25/08/2022 8:20 AM
calvintaneng Post removed. Why?
25/08/2022 8:29 AM
stockraider Do not be silly loh!
If u just follow calvin to buy tsh at Rm 1.07 below, U know jolly well that u will beat Calvin mah!

Rather than attacking calvin everyday, that will be your best revenge loh!

25/08/2022 12:49 PM
calvintaneng Post removed. Why?
01/12/2022 2:32 PM
SEE_Research Post removed. Why?
27/12/2022 11:47 AM


TOP ARTICLES

1. Slower US Fed pivot weakens rate-cut bets across emerging Asia Good Articles to Share
2. IMF lifts growth forecast for the world economy Good Articles to Share
3. Titillating & keeping Malaysians on the edge: ‘Striptease’ act unfolding in Putrajaya? save malaysia!
4. Special Economic Zone with Singapore will transform Johor and unleash its economic potential, says Maybank IB save malaysia!
5. Johor to become most economically developed state, says Anwar save malaysia!
6. Putrajaya to push ahead with long-awaited subsidy cuts in 2024 — Rafizi save malaysia!
7. 馬來西亞擁有豐富的原物料資源,未來幾年有望晉升高收入國家?2026年是關鍵一年? - 窮奢極欲 Good Articles to Share
8. Zafrul: There are factual errors in Zahid’s affidavit about sighting ex-Agong’s arrest order for Najib save malaysia!
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

175  152  499  1547 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 INGENIEU 0.140.00 
 TWL 0.030.00 
 AWANTEC 0.205-0.115 
 HSI-HUE 0.18+0.025 
 HSI-CVM 0.12-0.03 
 HSI-CVH 0.185-0.045 
 CITAGLB-WA 0.235+0.035 
 PMHLDG 0.21+0.015 
 VELESTO 0.270.00 
 HSI-CVA 0.065-0.02 
PARTNERS & BROKERS