Dear friends of i3 Forum,

Lately, rumour swirls about the privatization of Bplant. Latest was YTL offers to buy Bplant assets for Data Centre

First. This is nothing new as Ytl-Power already bought Kulai Young Lands from Bplant

See

MIDF Research noted that YTL Power had acquired BPlant's Kulai Young Estate in early-2022 involving 664 ha of land bank for RM429mil. It said bite-sized acquisitions inevitably cost a premium with the Kulai Young Estate land acquisition translating into a hefty RM646,084 per ha.20 Jun 2023

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And how many Acres are 664 Hectares

Just Multiply by 2.471

S0 664 X 2.471 = 1,640.744 Acres

That is 3.3 Times Bandar Malaysia land of 486 Acres

See photo above

how much land needed for a data centre

see

that is very small actually

NOW YOU MUST NOT FORGET BPLANT TOTAL LAND SIZE IS 220,000 ACRES 

Since SINGAPORE TOTAL LAND MASS IS ONLY 180,000 ACRES BPLANT land is 22% BIGGER THAN SINGAPORE

So how??

Ok we leave that for other speculators to speculate

Now See How Both FGV & Bplant gave us EXCELLENT DIVIDENDS!

FGV DIVIDENDS

2020: 2 sen

2021: 3 sen

2022: 12 sen

2023:  11 sen so far

SO FAR SO GOOD as our first buy call was only Rm1.06 for FGV

BPLANT

FANTASTIC DIVIDENDS

SO ALTHOUGH BOTH GLC LINKED THEY HAVE BEEN GENEROUS WITH DIVIDENDS

SINCE MUCH ALREADY WRITTEN ON BPLANT WE WILL HIGHLIGHT THE GROSSLY UNDERVALUE ASSETS OF FGV ONCE AGAIN

Felda has given a Takeover offer for FGV at Rm1.30

Quite impossible & also very unreasonable price at Rm1.30

See FGV IPO

Prospectus: FGV (Year 2012)

INITIAL PUBLIC OFFERING ("IPO") OF UP TO 2,188,890,900 ORDINARY SHARES OF RM1.00 EACH IN FELDA GLOBAL VENTURES HOLDINGS BERHAD ("FGVH") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 3,648,151,500 ORDINARY SHARES OF RM1.00 EACH IN FGVH ("SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 1,208,890,900 EXISTING SHARES ("OFFER SHARES") AND A PUBLIC ISSUE OF 980,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:

AT THE RETAIL PRICE OF RM4.55 PER SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE (AS DEFINED HEREIN) IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:

(I) THE RETAIL PRICE; AND

OK RM4.55!

PAHANG & SABAH STATES STILL HOLDING ABOVE RM4.00

HOW WILL THEY GOING TO AGREE? AT RM1.30???

Now is FGV really in Financial Distress or Felda?

No. Definitely No!

FGV/FELDA HOLDING FANTASTIC HIGH VALUE LANDS ALL OVER PENINSULAR, SBAH AND SARAWAK

Let us Look Deeper Into Its lands

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To convert hectares to Acres multiply by 2.471

= 1,085,337 ACRES

FGV HAS OVER 1 MILLION ACRES OR 4X (Times) BPLANT LAND SIZE

IS FGV LAND MORE VALUABLE?

Let us Go See (Refer BURSA Annual Report of FGV: Under Properties Owned)

Johor Darul Takzim

Inas Selatan, Kledang 02, Maokil 06, Maokil 07,

Nitar Timur, Paloh, Tenggaroh 09, Tenggaroh 11,

Tenggaroh 12, Tenggaroh 13, Tenggaroh Timur 02,

Palong Timur 04, Palong Timur 05, Semencu, Bukit Besar,

Air Tawar, Penggeli, Kahang, Lok Heng, Selanchar 2A,

Tenggaroh 4, Adela, Moakil, Nitar, Selanchar 2B, Belitong,

Wa Ha, Tenggaroh Timur, Kulai, Plentong, Pasir Gudang,

Tanjung Langsat Industrial Complex

NOTICE 

KULAI

PLENTONG

PASIR GUDANG

TANJUNG LANGSAT INDUSTRIAL PARK

TOTAL 

33,933 HECTARES

Book Value : 

Rm243,458,000 (Only Rm243.4 Millions)

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Above are Super HOT PROPERTY BOOM AREAS IN JOHOR NOW

Let us Calculate their Land Values

First Convert to acres by X 2.471

so 33,933 X 2.471 

= 83,848 ACRES

How much Cost per Acre

Divides Rm243,458,000 by 83,848

= Rm2,903 per acre

To get sq ft divides again by 43,560

= 6.6 sen psf

HOW MUCH IS THE CURRENT LAND VALUE IN KULAI?

See

159 Hasil Carian Agricultural Land Dijual, di Kulai, Johor.

Mortgage: RM 20,830 

RM22 PSF

or Rm958,350 Per Acre for Kulai

Up north in Sedenak is cheaper sold by Bplant

See 

MIDF Research noted that YTL Power had acquired BPlant's Kulai Young Estate in early-2022 involving 664 ha of land bank for RM429mil. It said bite-sized acquisitions inevitably cost a premium with the Kulai Young Estate land acquisition translating into a hefty RM646,084 per ha

(that Rm646,084 per hectare sold by Bplant considered "fair value" to YTL Power

If Kulai up in Northern Johor can fetch so Much

How much higher can Fetch in PLENTONG, PASIR GUDANG & TANJUNG LANGSAT INDUSTRIAL PARK

OF COURSE NOT ALL LANDS ARE IN JOHOR WORTH HUNDREDS OF THOUSANDS

NEVER MIND 

IF WE JUST TAKE AN AVERAGE RM50,000 PER ACRE FOR ALL FGV/FELDA LAND WILL DO

AT RM50,000 PER ACRE AND 1.085337 MILION ACRES

IT WILL BE 

Rm54,266,850,000

YES IF FGV WILL JUST REVALUE AND SELL ITS ASSETS PER ACRE FOR RM50,000 (OF COURSE THIS IS DIRT CHEAP: TOO CHEAP TO SELL)

RM54 BILLIONS EASILY!!

FGV/FELDA ACTUALLY VERY VERY VERY RICH

Kindest Regards

Calvin Tan

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