Blog: TSH RESOURCES (9059) WHY IT IS NOW TOO UNDERVALUE AND IS NOW AT BARGAIN VALUE, Calvin Tan

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3 comment(s). Last comment by calvintaneng 2022-07-03 22:55

calvintaneng

281 posts

Posted by calvintaneng > 2022-07-01 10:23 | Report Abuse

TSH is so similar to IjmPlant

KLK Took IjmPlant private at Rm3.10

By same yardstick TSH should be worth Rm2.00 to Rm2.10

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-05-05-story-h1564289753-IJMPLANT_2216_Rm1_86_Versus_HARTALEGA_GLOVE_5186_Rm99_80_COMPARE_CONTRA

calvintaneng

281 posts

Posted by calvintaneng > 2022-07-01 10:58 | Report Abuse

https://www.straitstimes.com/asia/se-asia/indonesia-says-foxconn-may-invest-in-projects-for-new-capital

calvintaneng

281 posts

Posted by calvintaneng > 2022-07-03 22:55 | Report Abuse

TSH ANNUAL REPORT STATES IT OWNS 94700 ACRES OF LANDS IN KUTAI/NUSANTARA

BOOK VALUE AS LOW AS 13 SEN PSF

THESE ARE THE CURRENT PRICES

According to them, the surrounding market value as below:-
2nd road/2nd tier = RM7.00psf - RM14.00psf
main road/1st tier = RM27.80psf - RM41.80psf


Road Frontage land now priced from Rm27.80 psf to Rm41.80
For interior lands as low as Rm7.00 psf

Of course these refer to converted/divided commercial lands

Since TSH lands still under agriculture

Assuming we only give it just Rm1.00 psf

What is the Value?

94700 acres convert to sq ft mutliply acres by 43,560

= Rm4,125,132,000

That is Rm4.1 Billions

How much per share?

Rm2.83

This is about 2.6X current share price of TSH

Is this the reason Director Kelvin Tan Aik Pen buying TSH non stop?

TAN AIK PEN 01-Jul-2022 Acquired 500,000 - View Detail
TAN AIK PEN 30-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 29-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 28-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 27-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 24-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 23-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 22-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 21-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 20-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 17-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 16-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 15-Jun-2022 Acquired 500,000 - View Detail
TAN AIK PEN 14-Jun-2022 Acquired 500,000

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