THE INVESTMENT APPROACH OF CALVIN TAN
PALM OIL JEWEL: BPLANT OR BOUSTEAD PLANTATION (5254) BPLANT HAS DEEP VALUE ASSETS AND INCREASING EARNINGS, Calvin Tan Research
calvintaneng
Publish date: Mon, 12 Apr 2021, 10:16 PM
calvintaneng
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Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Hi guys,
This evening we want to highlight another Jewel Plantation share called BPlant (5254)
See these posts
KUALA LUMPUR (April 5): Scientex Bhd is acquiring three pieces of freehold agriculture land in Penang for RM246.67 million.
The group said in a bourse filing that its wholly-owned subsidiaries Scientex Quatari Sdn Bhd and Scientex (Skudai) Sdn Bhd had entered into two sale and purchase agreements in relation to the proposed acquisition.
The first agreement is to acquire a piece of freehold agricultural land at Seberang Perai Utara, measuring approximately 82.84 hectares for RM147.13 million.
The second agreement is to acquire two pieces of freehold agricultural land at Seberang Perai Utara with an aggregate area of approximately 560,492 square meters for RM99.55 million.
The proposed acquisitions will be funded by internally-generated funds and bank borrowings, it said.
Scientex also said the proposed acquisitions represented a strategic investment opportunity to increase and boost the existing landbank of the group.
It said the positive response received by Scientex for its maiden development located at Tasek Gelugor, Penang indicated there was still strong and robust demand for affordable homes in Penang and Scientex intends to leverage on this demand to further expand its affordable homes brandname to other parts of Penang.
The Land is Located in Tasek Gelugor
82.84 hectares for Rm147.13 Millions
Let's calculate cost acre
To convert hectare to acre multiply by 2.471
So 82.84 x 2.471 = 204.687 acres
Now divide Rm147,130,000 by 204.687
= Rm718,804
SO SCIENTEX IS PAYING RM718804 PER ACRE
NOW GO SEE BPLANT
PROPERTIES OWNED BY BPLANT
TO BE CONTINUED
The group said in a bourse filing that its wholly-owned subsidiaries Scientex Quatari Sdn Bhd and Scientex (Skudai) Sdn Bhd had entered into two sale and purchase agreements in relation to the proposed acquisition.
The first agreement is to acquire a piece of freehold agricultural land at Seberang Perai Utara, measuring approximately 82.84 hectares for RM147.13 million.
The second agreement is to acquire two pieces of freehold agricultural land at Seberang Perai Utara with an aggregate area of approximately 560,492 square meters for RM99.55 million.
The proposed acquisitions will be funded by internally-generated funds and bank borrowings, it said.
Scientex also said the proposed acquisitions represented a strategic investment opportunity to increase and boost the existing landbank of the group.
It said the positive response received by Scientex for its maiden development located at Tasek Gelugor, Penang indicated there was still strong and robust demand for affordable homes in Penang and Scientex intends to leverage on this demand to further expand its affordable homes brandname to other parts of Penang.
The Land is Located in Tasek Gelugor
82.84 hectares for Rm147.13 Millions
Let's calculate cost acre
To convert hectare to acre multiply by 2.471
So 82.84 x 2.471 = 204.687 acres
Now divide Rm147,130,000 by 204.687
= Rm718,804
SO SCIENTEX IS PAYING RM718804 PER ACRE
NOW GO SEE BPLANT
PROPERTIES OWNED BY BPLANT
TO BE CONTINUED
10/04/2021 9:23 PM
From ANNUAL REPORT OF BPLANT
Properties owned by Bplant
Malakoff Estate, Tasek Glugor,
Pulau Pinang
562.3 hectares Oil palm estate Freehold 64.2 Millions
Here we see Bplant also got 562.3 Hectares of Palm oil estates in TASEK GELUGOR LOCATED IN SEBERANG PRAI NORTH
How much per acre
562.3 x 2.471 = 1389.4433 acres
To get the cost divides Rm64,200,000 by 1389.4433
= Rm46,205 per acre
So how much is current price Scientex paid for Tasek Gelugor lands
Answer: Rm718,804
How many Times (X) More
718,804 / 46,205 = 15.34 X more if Revalued now
To be continued
What is the Total Current Value of Tasek Gelugor lands
1389.4433 acres x Rm718,804
Rm998,737,401
To be continued
What is the Cash Value?
Divides Rm998,737,401 by Rm27,455,000 and multiply by 1.23
= 44.74 sen per share CASH
Since BPlant is 57 sen
How many %?
44.74 / 57
78.49%
BPLANT ALSO GOT MANY MANY PLANTATION LANDS IN KULIM AND KEDAH WHERE TUN DR M & FAMILY ARE BUILDING AN AIRPORT FOR COMMERCIAL GOODS
SO ALL BPLANT LANDS ARE OF IMMENSE VALUE AS WELL
ONE MORE INTESRESTING DISCOVERY
Taiping Rubber Plantation Estate,
Trong, Perak
1,347.8 hectares Oil palm estate &
palm oil mill
Freehold 74.4 Millions
BPLANT GOT 1,347.8 HECTARES OF PALM OIL LANDS IN TRONG, TAIPING VALUED AT RM74.4 MILLIONS
How much per acre?
1,347.8 x 2.471 = 3,330.41 Acres
To get per acre divide price by land
= Rm22,339 per acre
Now what is the Current Market Price of lands in Trong Taiping?
See Spritzer
KUALA LUMPUR (March 25): Spritzer Bhd is acquiring an agriculture land near its existing mineral water plant in Air Kuning, Taiping for RM76. 11 million, to set up a new plant. The group said the 1,228-acre land, planted with oil palm trees, belongs to Trong Oil Palm Estates Sdn Bhd.25 Mar 2021
See
https://www.theedgemarkets.com/article/spritzer-buys-agriculture-land-taiping-set-new-mineral-water-plant#:~:text=KUALA%20LUMPUR%20(March%2025)%3A,Oil%20Palm%20Estates%20Sdn%20Bhd
Here we see Spritzer paid Rm76.11 Millions for 1,228 Acres of land in Trong, Taiping (same place Bplant own lands)
How much?
Divide price by land cost
=
Rm61,798 per acre
How much Bplant?
Rm22,339 per acre
So how many times more if current value?
61798/ 22339
= 2.76 Times (X) more
How much if cash value?
Rm205.7 Millions divides by Rm27,455,000 x 1.23
9.21 SEN
ADD 44.74 for TASEK GELUGOR LANDS
= 53.92 SEN
Since Bplant is 57 sen that is 94% CASH ALREADY
Now check again VERY VERY CAREFULLY
Taiping Rubber Plantation Estate,
Trong, Perak
1,347.8 hectares Oil palm estate &
palm oil mill
IT SAYS
"1,347.8 Hectares Plantation Estate Trong, Perak
& PALM OIL MILL
YES!!! PALM OIL MILL
ACCORDING TO FGV EACH MILL COST IS RM60 MILLIONS
SO ALL THE HIDDEN AND OPEN ASSETS OF BPLANT ADDS UP
DO YOU THINK BPLANT IS UNDERVALUE?
REGARDS
Calvin Tan Research
Please buy or sell after doing your own due diligence and please consult your Remisier or Fund Manager.
calvintaneng What is the Total Current Value of Tasek Gelugor lands
1389.4433 acres x Rm718,804
Rm998,737,401
To be continued
1389.4433 acres x Rm718,804
Rm998,737,401
To be continued
10/04/2021 9:40 PM
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
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Created by calvintaneng | Apr 06, 2024
Discussions
3 people like this. Showing 10 of 10 comments
Value is already revealed by Market Prices paid by Scientex for Tasek Gelugor SEBERANG PRAI NORTH LAND
Scientex people are no nonsense successful business people
If they paid Rm718,804 per acre there....all surrounding lands in Tasek Gelugor got similar value
Who knows?
One day Scientex might also buy lands from Bplant as "Success begets Success"
Spritzer buying Trong, Taiping lands for Rm62,000 per acre also show Value for Bplant Trong, Taiping lands as well
Book value of Bplant lands less than Rm23K an acre is undervalue
These two leading Companies have now set benchmark for Land Value in Tasek Gelugor & Trong, Taiping
SO WE "KNOW" FOR SURE BPLANT ASSETS ARE OF IMMENSE VALUE
BPLANT IS LIKE THE GOLD OF OPHIR IN SOLOMON TIME
A REAL HIDDEM GEM OF IMMENSE VALUE
2021-04-12 23:26
Just received another 7.3 sen dividend making it 83 + 7.3
= 90.3 sen
Bought 57 sen so
A WHOPPING 58.4% PROFIT!!
2022-06-27 00:02
Bplant touched Rm1.04 !!
Plus 24 sen dividend bplant is Rm1.28
At 57 sen bplant is up 71 sen or 124% yield
Well done Bplant đź‘Źđź‘Źđź‘Ź
2023-07-18 10:43
Bplant never let me down. Bought 30sen average, sold 78sen average (sell too early, not manage to sell above rm1).. buy again recently average 68 sen, still 100% intact and added additional 20% at 83sen average.. today rm1.18... I m happy with bplant.
2023-08-13 19:17
calvintaneng
Take note on Bplant
Buy call was 57 sen
See Very Very Carefully
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-04-12-story-h1563301593-PALM_OIL_JEWEL_BPLANT_OR_BOUSTEAD_PLANTATION_5254_BPLANT_HAS_DEEP_VALUE
after that received 24 sen dividend
So cost is 33 sen
KLK offers Rm1.55 to take over Bplant
So from 33 sen to Rm1.55 is up by Rm1.22 (OR UP 369%!!)
Peter Lynch said buy a basket of shares
Even if one or two go bankrupt still ok if one can be a multi baggars (that is up 5X or 10X or more
In the case of Bplant it is up 369%
And the maximum loss in a share is 100%
NOW ALL TOP 10 PALM OIL STOCKS WILL SHINE AND SHINE
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-11-04-story-h1593687704-Reposted_Article_OIL_PALM_STOCKS_IN_Bull_Run_Time_Those_Prepared_with_B
2023-08-24 16:38
WHY BPLANT WILL PERFORM EXCEPTIONALLY WELL WITH THE EXPERTISE OF KLK IF IT STAYS LISTED, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-08-26-story-h-241833228-WHY_BPLANT_WILL_PERFORM_EXCEPTIONALLY_WELL_WITH_THE_EXPERTISE_OF_KLK_IF
2023-08-26 07:08
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shortinvestor77
Most important, other companies buy lands from BPlant. If not, it has no such values. Got to wait for durian runtuh.
2021-04-12 22:24