THE REPURPOSE OF USE FROM PALM OIL ESTATE LAND INTO MANY OTHERS CAN UNLOCK HUGE VALUE, Calvin Tan

calvintaneng

Publish date: Tue, 28 Dec 2021, 02:10 PM

Hi guys,

We advocate investing in Palm Oil Companies with the Largest Land Banks like SOP, TAANN, TSH, THPLANT, BPLANT & JTIASA Not just for Planting Palm Oil or Rubber trees

One of the Investment aspect comes from Repurposing the Use of its Vast Lands (all bought at dirt cheap prices long ago)

Examples are

1) Bangsar, Bandar Utama & Puchong were converted from rubber estates into Townships & Shopping Mall like IOI Puchong Shopping Mall

2) Johor Premium Outlets were once Oil Palm Estates owned by Genting Plantation

3) Many other oil palm estates were converted to Industrial Parks, Theme Parks & others

4) Now the demand for Solar Energy also need lots of Land Space

Soon to be completed is the Sale of BPlant lands in Kulai to Ytl Power for setting up a Solar Energy Farm

See this old news

Boustead Plantations disposes of Johor land to YTL Power's unit for RM429m

KUALA LUMPUR (Sept 28): Boustead Plantations Bhd has proposed to sell Kulai Young Estate in Johor for RM429 million to YTL Power International Bhd’s 70%-owned subsidiary SIPP Power Sdn Bhd.

The group expects to realise an estimated RM323 million upon completion of the disposal of the 664ha of plantation land.

This translates into a gain of RM486,400 per hectare, which will increase value for its shareholders by 14 sen per share, said Boustead Plantations in a statement on Tuesday.

The sale consideration is 10% or RM39 million higher than the market value of the land of RM390 million accorded by independent valuer C H Williams Talhar & Wong Sdn Bhd.

Boustead Plantations chief executive officer Zainal Abidin Shariff said the deal is an ideal opportunity for Boustead Plantations to monetise this asset in line with the group’s Reinventing Boustead strategy.

“It is indeed beneficial for the group, as we are able to unlock the asset value and the proceeds will be utilised to pare down borrowings and meet our working capital requirements,” he said.

“The proceeds from the proposed disposal will allow us to strengthen the balance sheet for future growth and manage our gearing by way of paring down borrowings, reducing the group’s gearing ratio from 0.48 times to 0.31 times,” he added.

Following the repayment of borrowings, the group is expected to save interest cost of about RM15 million per year.

Boustead Plantations will also strengthen its relationship with SIPP Power by securing a five-year plantation management agency agreement, which will contribute to the former's earnings.

YTL Power managing director Datuk Yeoh Seok Hong said the acquisition of Kulai Young Estate is extremely strategic to the group with its accessibility and proximity to high growth industrial developments.

“We have been seeking opportunities for YTL Power to invest in renewable sources of energy and solar is definitely a priority as the country has substantial solar capacity,” he said.

Boustead Plantations shares closed unchanged at 58 sen, valuing the group at RM1.31 billion.

S Kanagaraju

from Edgedaily

Another one from The Star

KUALA LUMPUR: Boustead Plantations Bhd is selling 664 hectares of land in Kulai, Johor to SIPP Power Sdn Bhd for RM428.8mil cash.

The five parcel of land, collectively known as Kulai Young Estate, is located 43km from Johor Baru.

SIPP Power in a wholly owned subsidiary of YTL SIPP Power Holdings Sdn Bhd, which in turn is a subsidiary of YTL Power International Bhd .

Ok let's see how big is the land

Boustead Plantations Bhd is selling 664 hectares of land in Kulai, Johor to SIPP Power Sdn Bhd for RM428.8mil cash.

It is 664 hectares

To convert hectares to acres multiply by 2.471

= 1,640 Acres

That is Huge

How Huge?

See Sungai Besi Old Airport land? The land Bplant selling to YTL Power for Solar Energy is 3.3 Times Bigger

File:Kuala-Lumpur Malaysia TUDM-Kuala-Lumpur-01.jpg

From Wikimedia Commons, the free media repository

Bandar Malaysia is an urban redevelopment project on the Sungai Besi Airport site in Kuala Lumpur. The 486-acre site will include commercial and residential buildings as well as being a major transport hub. Bandar Malaysia will be the terminal station for the Singapore-KL HSR, and will have connections with Mass Rapid Transit and commuter railways, effectively making it a second central railway station (after KL Sentral).

This Old Airport is 486 Acres which is only about 30% the Land Size in Kulai which Bplant is selling to Ytl-Power

There will be many more need for Lands from conversion of Palm Oil Estates as Solar Power needs lots and lots of lands

See

63,262 Solar Farm Stock Photos, Pictures & Royalty-Free Images - iStock

Solar Farm Images, Stock Photos & Vectors | Shutterstock

NOTE: A PALM OIL ESTATES GOT WILD ANIMALS LIKE MONKEY, SQUIRRELS AND WILD BIRDS AND REPTILES WHICH CAN SURVIVE THERE. IT CAN ALSO BE USED TO REAR ANIMALS LIKE COWS AND GOATS PLUS EMITING FRESH AIR, OXYGEN & COOL THE ATMOSPHERE (A SOLAR PANEL FARM HAS NONE)

BEST REGARDS

Calvin Tan

Please buy or sell after doing your own due diligence or consult your remisier/fund manager

9,364 Palm Oil Tree Stock Photos and Images - 123RF

Discussions

Be the first to like this. Showing 1 of 1 comments

calvintaneng

Very happy morning

2021-12-29 09:21

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