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.

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
 
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
10/04/2021 9:40 PM
Discussions
3 people like this. Showing 10 of 10 comments

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

calvintaneng

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

calvintaneng

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

calvintaneng

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 ๐Ÿ‘๐Ÿ‘๐Ÿ‘

2023-07-18 10:43

calvintaneng

fantastic reached rm1.18 again today

2023-08-07 16:38

ken

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

Rm1.37

And how high will it go??

2023-08-24 06:47

calvintaneng

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

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