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
| TSH RESOURCES BERHAD |
| 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
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
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
|
||
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
