Dear friends of i3 Forum,

For the 1st time in TSH Resources' Annual Report - DBS Bank of Singapore appeared in Top 10 with 38 Million Shares

Refer to TSH Resources latest Annual Report (KLSE)

ANALYSIS OF SHAREHOLDINGS AS AT 15 MARCH 2024

THIRTY (30) LARGEST SHAREHOLDERS Name No. of shares held %

1. Citigroup Nominees (Asing) Sdn. Bhd. Exempt AN for The Central Depository (Pte.) Limited 250,398,600.... 18.14%

2. Tan Aik Pen 72,281,758 5.24

3. Tan Aik Yong 55,910,287 4.05

4. Tan Aik Sim 55,281,134 4.01

5. Tan Aik Kiong 48,303,050 3.50

6. Citigroup Nominees (Asing) Sdn. Bhd. Exempt AN for UBS AG Singapore 47,409,862 3.44

7. UOB Kay Hian Nominees (Asing) Sdn. Bhd. Exempt AN for UOB Kay Hian Pte. Ltd. 46,410,358 3.36

8. Tan Ah Seng 39,518,444 2.86

9. Lembaga Tabung Haji 39,461,100 2.86

10. CIMB Group Nominees (Asing) Sdn. Bhd. Exempt AN for DBS Bank Ltd. 38,483,958.... 2.79%

DBS Bank also picked these two undervalue Palm oil Stocks = Bplant & Jaya Tiasa

2.75 Million Bplant shares

Bplant was 57 sen & taken private by LTAT at Rm1.55

JAYA TIASA (about 20 Million shares)

Jaya Tiasa low was 60 sen & now Rm1,30

Up by over 100%

And Now TSH Resources

DBS Bank took 38 Million Tsh shares.  

All done in one short year

Now a check with TSH's One year high & low show its lowest at 92 sen on 16 June 2023 & its highest Rm1.16 on 15th March 2024 when Annual Report was done

Taking an average of 92 sen low & Rm1.16 high the middle price is Rm1.04

However, DBS Bank could have bought in much later

Why?

Because TSH Resources only came to Singapore SGX for dual listing on 

Malaysia-listed TSH Resources closes at S$0.295 on SGX debut

The company – which is primary listed on the Bursa Malaysia main market – opened at S$0.305, and the shares traded between S$0.315 and S$0.290 during the trading day, with some 384,200 shares worth S$120,000 changing hands.

TSH Resources shares in Kuala Lumpur had closed at RM1 or S$0.2918 on Monday, before it made its SGX debut.

On September 26 TSH (KLSE) Closed at Rm1.01

So if we take DBS Bank entry price from that date Rm1.01 till March 15 Rm1.16

Its average cost will be Rm1.085

So at current price of Rm1.15 it is still in early days

In year 2022 TSH's Directors bought at much higher level and still holding tightly

See Director Tan Aik Yong

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

MR

TAN AIK YONG

Executive Director

Ordinary Shares

To buy at Rm1.15 now is a nice 30% discount to Director's buying price

And Chairman Kelvin Tan Aik Pen also bought

He bought from Rm1.09 to Rm1.79 high. Then he bought from Rm1.79 down again to Rm1.09 for a total of 340 Million Tsh shares

So at Rm1.15 prices are still relatively cheap compared to Bplant (taken private Rm1.55)

Jtiasa (Rm1.30 already up by over 100%)

And this was our First Posted Buy Calls 

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

In Photos

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

TSH has 188,000 Acres

Out of which 94,700 Acres are near Ikn Nusantara

Book Value of these lands ranged from only Rm4,500 per acre to Rm7,000 an acre

All bought long ago from 2005 to 2011

Current Asking Prices are in the hundreds of thousands per acre

TSH RESOURCES is literally sitting on "Gold Mine" Lands 

Hence we think it has very good potential

Now TSH RESOURCES still in early days in Singapore SGX

Since TSH also got majority Palm oil Lands in Indonesia (More than 80% of Palm Oil lands are located in East & West Kalimantan.

North & Central Kaliman. And in Sumatra. Only less than 20% in Sabah

It is more appropriate to follow these ones with Operations in Indonesia listed in Singapore

GOLDEN AGRI

WILMAR

BUMITAMA AGRI

FIRST RESOURCES

And in Singapore Inverstors are generally bullish on Palm oil stocks

A check with their Top 20 holders will SEE

1. GOLDEN AGRI (TOP 20 Holders)

TWENTY LARGEST SHAREHOLDERS

Name of Shareholders No. of Shares %

GOLDEN MOMENT LIMITED 3,070,000,000 24.21

HSBC (SINGAPORE) NOMINEES PTE LTD 2,568,652,089 20.26

MASSINGHAM INTERNATIONAL LTD 2,027,047,817 15.98

UOB KAY HIAN PTE LTD 1,044,464,649 8.24

CITIBANK NOMINEES SINGAPORE PTE LTD 1,009,158,896 7.96

RAFFLES NOMINEES (PTE) LIMITED 919,683,166 7.25

FLAMBO INTERNATIONAL LIMITED 260,000,000 2.05

DBS NOMINEES PTE LTD 228,908,486 1.80

DBSN SERVICES PTE LTD 107,862,222 0.85

PHILLIP SECURITIES PTE LTD 102,075,142 0.80

ABN AMRO CLEARING BANK N.V. 34,870,375 0.27

UNITED OVERSEAS BANK NOMINEES PTE LTD 26,726,580 0.21

DBS VICKERS SECURITIES (S) PTE LTD 23,900,753 0.19

MAYBANK SECURITIES PTE. LTD. 22,349,896 0.18

OCBC SECURITIES PRIVATE LTD 21,474,059 0.17

CGS-CIMB SECURITIES (SINGAPORE) PTE LTD 17,011,846 0.13

BNP PARIBAS NOMINEES SINGAPORE PTE LTD 13,661,028 0.11

OCBC NOMINEES SINGAPORE PTE LTD 10,403,608 0.08

IFAST FINANCIAL PTE LTD 9,566,427 0.07

MORGAN STANLEY ASIA (S) SECURITIES PTE LTD 8,527,553 0.07

TOTAL .........................................11,526,344,592............................... 90.88%

20 Top holders own 90.88% Shares of Golden Agri

2. WILMAR

TWENTY LARGEST SHAREHOLDERS (As shown in the Register of Members and Depository Register) No. Name of Shareholders No. of Shares %*

1 Raffles Nominees (Pte) Limited 1,699,339,068 27.22 

2 PPB Group Berhad 1,172,614,755 18.78

3 Citibank Nominees Singapore Pte Ltd 643,827,006 10.31

4 DBSN Services Pte Ltd 323,089,143

5.18 5 Kuok (Singapore) Limited 256,951,112 4.12

6 Harpole Resources Limited 256,211,778 4.10

7 HSBC (Singapore) Nominees Pte Ltd 240,050,130 3.85

8 DBS Nominees Pte Ltd 236,554,473 3.79

9 Noblespirit Corporation 222,800,000 3.57

10 Longhlin Asia Limited 181,509,921 2.91

11 UOB Kay Hian Pte Ltd 146,143,053 2.34

12 Hong Lee Holdings (Pte) Ltd 115,369,971 1.85

13 United Overseas Bank Nominees Pte Ltd 66,464,843 1.06

14 BNP Paribas Nominees Singapore Pte Ltd 36,889,083 0.59

15 Natalon Company Limited 33,760,355 0.54

16 Kefkong Limited 32,400,000 0.52

17 Phillip Securities Pte Ltd 31,939,651 0.51

18 Dalex Investments Limited 31,335,900 0.50

19 OCBC Securities Private Ltd 30,623,920 0.49

20 Ace Time Holdings Ltd 22,500,000 0.36

Total ..........5,780,374,162............................. 92.59%

3. BUMITAMA AGRI

TWENTY LARGEST SHAREHOLDERS No. Name of Shareholders No. of Shares %

1. Wellpoint Pacifi c Holdings Ltd 749,157,774 43.20

2. Oakridge Investments Pte Ltd 535,050,070 30.85

3. DBS Nominees Pte Ltd 194,264,066 11.20

4. Citibank Nominees Singapore Pte Ltd 38,423,082 2.22

5. Raffl es Nominees (Pte) Limited 35,244,375 2.03

6. United Overseas Bank Nominees Pte Ltd 24,653,000 1.42

7. Lynwood Capital Resources Pte Ltd 21,622,000 1.25

8. DBSN Services Pte Ltd 14,757,207 0.85

9. HSBC (Singapore) Nominees Pte Ltd 10,236,488 0.59

10. Kong Goon Siong or Kong Goon Khing 8,900,000 0.51

11. OCBC Securities Private Ltd 7,685,100 0.44

12. UOB Kay Hian Pte Ltd 7,140,300 0.41

13. ABN Amro Clearing Bank N.V. 6,303,700 0.36

14. Phillip Securities Pte Ltd 5,633,704 0.33

15. DBS Vickers Securities (S) Pte Ltd 5,364,500 0.31

16. Morgan Stanley Asia (S) Securities Pte Ltd 2,756,092 0.16

17. CGS-CIMB Securities (Singapore) Pte Ltd 2,581,300 0.15

18. Maybank Securities Pte. Ltd. 2,512,700 0.15

19. iFast Financial Pte Ltd 2,472,300 0.14

20. Christine Tay Han Hui 2,379,000 0.14

Total ......................................1,677,136,758 .........................96.71%

4. FIRST RESOURCES

TWENTY LARGEST SHAREHOLDERS (As recorded in the Depository Register, as at 8 March 2024) No. Name No. of Shares %*

1. Citibank Nominees Singapore Pte Ltd 508,707,312 32.55

2. Eight Capital Inc. 365,144,130 23.36

3. HSBC (Singapore) Nominees Pte Ltd 266,452,837 17.05

4. Raffles Nominees (Pte.) Limited 123,807,632 7.92

5. DBS Nominees (Private) Limited 114,487,411 7.32

6. DB Nominees (Singapore) Pte Ltd 89,372,300 5.72

7. DBSN Services Pte. Ltd. 21,465,037 1.37

8. BPSS Nominees Singapore (Pte.) Ltd. 11,767,081 0.75

9. CGS International Securities Singapore Pte. Ltd.

10,303,900 0.66 10. OCBC Securities Private Limited 4,411,300 0.28

11. ABN AMRO Clearing Bank N.V. 3,761,100 0.24

12. DBS Vickers Securities (Singapore) Pte Ltd 3,117,500 0.20

13. Lim & Tan Securities Pte Ltd 2,772,500 0.18

14. Phillip Securities Pte Ltd 2,657,145 0.17

15. Morgan Stanley Asia (Singapore) Securities Pte Ltd 1,636,445 0.10

16. UOB Kay Hian Private Limited 1,423,400 0.09

17. Maybank Securities Pte. Ltd. 1,116,000 0.07

18. United Overseas Bank Nominees (Private) Limited 850,200 0.05

19. Merrill Lynch (Singapore) Pte. Ltd. 693,727 0.04

20. Teh Li Li 688,000 0.04

Total: 1,534,634,957 .............................................98.16%

98.16% in Top 20 Holders.

Since TSH RESOURCES is still new to Singapore many are still unaware of its IMMENSE POTENTIAL

Of all 4 Singapore Palm oil shares only First Resources got lands in West Kutai

However THE LION SHARE Goes to TSH RESOURCES with 94,700 Acres in KUTAI which is very near to IKN NUSANTARA - THe New Admin Capital of Indonesia

We expect there will be long term Land Boom here. So TSH has the Twin Favourable Growth of

Palm OIl Business

Strategically Located Lands in One of Hottest Real Estate Arising from New Found Growth in Indonesia

With Kind Regards

Calvin Tan

Please buy or sell after doing your own due diligence

Or consult your Remisier/Fund Manager

Notable Note

Top 20 Holders of DBS Bank (Singapore Biggest & Most Successful Bank) own 88%

This is less than what people put in Palm Oil

ALL ABOVE 90% TO 98%

Except TSH RESOURCES

Therefore we can still invest as its days are still early & future prospect very bright ahead