Dear Friends of i3 Forum,

Bplant share prices suddenly jumped from 64 sen to 89 sen with HUGE VOLUMES TRADED?

See

See how before 8th of June 2023 daily volumes only 1 to 2 million shares and after that Volume surges to as high as 29 million shares per day

Many punters/think  think this is a goreng share. While others think of privatization or some takeovers?

Now there is an aspect you should not overlook

Have anyone thought of the Short Changed 30 other Top Holders of Boustead? Without doing any thing pro-active their shares have now been taken over at the unfair price of only 85.5 sen (In times past Boustead was traded as high as Rm4.00)

The undervalue privatization of Boustead caused 2 things for them. 1. They all got a low short end of the stick, so to say.

And are they now moving their FUNDS in Unison to Bplant (Did they invest in Boustead because of Bplant in the first place?)

So as a natural course they now transfer their Cash from Boustead to Bplant

Or reason no.2

They are afraid what is done in Boustead will be repeated in Bplant

So these ones are now taking position TO PREVENT THE SAME FATE OF BOUSTEAD BEFALLING BPLANT?

Calvin remembers Harrison long ago when we bought at Rm1.40 with NTA over Rm3.00

And then Harrison Indon owner offered to take it private at Rm1.20

If nothing was done then Harrison would have been taken private at Rm1.20

But no no no!

One guy from USA called Peter started to buy and buy up Harrison till he plus others have  over 10% & PREVENTED PRIVATIZATION

See

Receipt of Notice of Conditional Mandatory Take-Over Offer from Public Investment Bank Berhad on behalf of Bumi Raya International Holding Company Limited (“Offeror”) for the remaining ordinary shares of RM1.00 each in Harrisons Holdings (Malaysia) Berhad (“HHM” or “Company”) not owned by the Offeror and persons acting in concert with the Offeror (“Offer”)

Above shows how dangerous it was when Peter Collery only got 8.53% of Harrison shares

Harrison will be Mandatory/Compulsory taken private owns Top holder owns more than 90%!

Fortunately HARRISON unfair privatization was averted by an Alert Investor

What about Boustead?

See in Top 30 OF BOUSTEAD

30 LARGEST SHAREHOLDERS

No. Name of shareholders No. of shares %

1 LEMBAGA TABUNG ANGKATAN TENTERA 1,500,002,690 74.00

2 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 106,914,292 5.27

3 CHINCHOO INVESTMENT SDN. BERHAD 19,743,000 0.97

4 KEY DEVELOPMENT SDN. BERHAD 18,927,857 0.93

5 CIMSEC NOMINEES (TEMPATAN) SDN BHD

CIMB FOR CHE LODIN BIN WOK KAMARUDDIN (PB)

17,932,430 0.88

6 GAN TENG SIEW REALTY SDN. BERHAD 17,068,921 0.84

7 YONG SIEW YOON 12,239,731 0.60

8 CARTABAN NOMINEES (TEMPATAN) SDN BHD

ICAPITAL.BIZ BERHAD

12,147,786 0.60

9 GEMAS BAHRU ESTATES SDN. BHD. 6,917,780 0.34

10 BIDOR TAHAN ESTATES SDN. BHD. 6,435,268 0.32

11 OOI CHIENG SIM 6,285,000 0.31

12 MIKDAVID SDN BHD 5,914,162 0.29

13 TAN LEE HWA 5,770,000 0.28

14 CITIGROUP NOMINEES (ASING) SDN BHD

CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT

DIMENSIONS GROUP INC

5,472,621 0.27

15 RENGO MALAY ESTATE SENDIRIAN BERHAD 4,847,981 0.24

16 UOB KAY HIAN NOMINEES (ASING) SDN BHD

EXEMPT AN FOR UOB KAY HIAN PTE LTD (A/C CLIENTS)

4,401,231 0.22

17 CHINCHOO HOLDINGS (S) PRIVATE LIMITED 3,987,286 0.20

18 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR DATO’ CHE LODIN BIN WOK

KAMARUDDIN (MM0197)

2,889,075 0.14

19 CITIGROUP NOMINEES (ASING) SDN BHD

CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND

2,832,091 0.14

20 YEOH SAIK KHOO SENDIRIAN BERHAD 2,514,980 0.12

21 ONG YONG HWEE 2,399,048 0.12

22 INTER-PACIFIC EQUITY NOMINEES (ASING) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR MAK SENG FOOK

2,393,378 0.12

23 CARTABAN NOMINEES (ASING) SDN BHD

SSBT FUND 0MUA FOR TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF

ILLINOIS

2,388,900 0.12

24 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR TAN CHEE YOUNG (MY2263)

2,341,600 0.12

25 AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD

YAYASAN LTAT

2,330,204 0.11

26 LIM BOON LIAT 2,200,000 0.11

27 CITIGROUP NOMINEES (ASING) SDN BHD

EXEMPT AN FOR OCBC SECURITIES PRIVATE LIMITED (CLIENT A/C-NR)

2,167,210 0.11

28 HSBC NOMINEES (ASING) SDN BHD

J.P. MORGAN SECURITIES PLC

2,055,326 0.10

29 CARTABAN NOMINEES (ASING) SDN BHD

EXEMPT AN FOR ROYAL BANK OF CANADA HONG KONG BRANCH (CLT A/CFOREIGN)

2,048,800 0.10

30 CHAN KIM SENDIRIAN BERHAD 1,982,997 0.10

TOTAL 1,785,551,645 88.07

Ok above we see

Chinchoo Holdings, Bidor Tahan Estate, Gemas Baru Estates,  Gan Teng Siew Realty & Rengo Estate (These are  Palm Oil Owners/Investors)

8 CARTABAN NOMINEES (TEMPATAN) SDN BHD

ICAPITAL.BIZ BERHAD (Tan Teng Boo icapbiz fund caught sleeping)

24 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR TAN CHEE YOUNG (MY2263)

Berjaya Group Vincent Tan & his Inter-pacific Equity Fund as well

Then we have these foreign Funds

23 CARTABAN NOMINEES (ASING) SDN BHD

SSBT FUND 0MUA FOR TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF

ILLINOIS

28 HSBC NOMINEES (ASING) SDN BHD

J.P. MORGAN SECURITIES PLC

29 CARTABAN NOMINEES (ASING) SDN BHD

EXEMPT AN FOR ROYAL BANK OF CANADA HONG KONG BRANCH (CLT A/CFOREIGN)

19 CITIGROUP NOMINEES (ASING) SDN BHD

CBNY FOR DIMENSIONAL EMERGING MARKETS VALUE FUND

ALL THESE ABOVE ARE NOW FORCED TO LIQUIDATE THEIR PRECIOUS BOUSTEAD SHARES TO LTAT AT 85.5 SEN A SHARE

AND WHERE DO YOU THINK THEY WILL ALL PUT THEIR MONIES RECEIVED INTO?

BPLANT OF COURSE!!

And Among the Most Prominent one See

18 CGS-CIMB NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR DATO’ CHE LODIN BIN WOK

KAMARUDDIN (MM0197)

2,889,075

 DATO’ CHE LODIN BIN WOK

KAMARUDDIN (MM0197)

​

PETALING JAYA: Boustead Plantations Bhd (BPB) has obtained shareholders approval today the purchase of oil palm estates purchase in Sandakan from Dutaland Bhd for RM750 million. 

In a media briefing after the company’s shareholders meeting, BPB vice chairman Tan Sri Lodin Wok Kamaruddin said the 42 contiguous parcels of plantation land in Sandakan, held under Dutaland’s unit Pertama Land & Development Sdn Bhd (PLD), measures a collective 11,579h

Back in 2011, IOI Corp Bhd had wanted to buy these same estates from PLD at RM830 million, however, the deal did not go through because IOI Corp realised the estates were underperforming, yielding only 11 tonnes of fresh fruit bunches (FFB) per ha.

“These plots in Labuk and Sugut are close to our existing estates. There has been much improvement implemented by PLD, in the last seven years.

"We will seek to increase FFB yield of 11 tonnes per ha to be on par with our other Sabah estates of 17 tonnes per ha,” he said.

Also present were BPB chairman Tan Sri Mohd Ghazali Che Mat, chief executive officer Fahmy Ismail, chief operating officer Chow Kok Choy and group finance director Daniel Ebinesan.

Chow said BPB plans to raise fertiliser application to the trees, replanting of unproductive palms, the construction of a new mill and upgrading of internal roads throughout the estates to speed up fruit harvesting.

The group also seek to replant about 7,400ha of the 9,998ha of plantable area in those plots, over the next 10 years, with improved high-yielding semi-clonal and clonal oil palms.

This is expected to boost the FFB yield and profitability of the estates, in the long run.

Lodin estimated RM250 million is needed for these measures which will span over 10 years.

Lodin then said 2018 is expected to be a good year with palm oil prices forecast to trade between RM2,400 and RM2,700 per tonne, driven by strong global demand.

Lodin expects all estates of BPB to receive the government driven Malaysian Sustainable Palm Oil (MSPO) certification by December 2019.

The MSPO is essentially a code of laws concerning best practices throughout the supply chain, from oil palm planting to palm oil processing.

Earlier, shareholders of BPB also approved issuance of two bonus shares for every five existing shares. 

“This will raise liquidity and enlarge our capital base as well as provide loyal shareholders greater equity participation in BPB,” Lodin said.

Read again

Lodin then said 2018 is expected to be a good year with palm oil prices forecast to trade between RM2,400 and RM2,700 per tonne, driven by strong global demand.

LODIN CALLED PALM OIL PRICES IN YEAR AT RM2400 to RM2700 "A GOOD YEAR!"

If Palm oil Prices at Rm2400 to Rm2700 Considered GOOD YEAR

Then See Palm Oil Prices NOW!

CRUDE PALM OIL FUTURES

Continuous contract FCPO1!

MYX

A Check with Bplant Top 30 Holder (He already in Top 30 of Boustead)

8 CIMSEC NOMINEES (TEMPATAN) SDN BHD

CIMB FOR CHE LODIN BIN WOK KAMARUDDIN (PB)

6,695,000

TRUE TO HIS WORDS DATO LODIN OWNS 6.6 MILLION BPLANT SHARES (HE ONLY GOT 2.8 MILLION BOUSTEAD SHARES)

SO IS DATO LODIN AND ALL OTHERS IN BOUSTEAD NOW TRANSFERRING THEIR FUNDS INTO BPLANT?

And is that the Reason Why Bplant Share Prices Surged?

No one knows for now

Let us wait till Annual Report of Bplant out for Year 2023

For that we Long Term Investors can patiently wait

Kindest Regards

Calvin Tan

Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager

When asked why is BPB buying the same estates rejected by IOI Corp, Lodin replied there had been much improvement in the last seven years.