Dear Friends of i3 Forum,
Looks like Interest is returning to Palm Oil Theme again
It started with TOK MAT's remarks on BPLANT
See again
Asked if the restructuring would involve divesting Boustead Plantation Bhd or Boustead Petroleum Marketing Sdn Bhd (BHPetrol), Tok Mat, as he is fondly known, said “in business, what is important is that we make money; we do business to get returns”.
“There is no point in retaining business if you are going to lose money. It doesn’t mean that the privatisation of Boustead [Holdings Bhd], that’s the end of it. We want to re-position ourselves.
“The important thing is to look at our assets. There are assets such as those of ‘planting trees on a gold mine’, so we have to unlock that because this is the process for adding value,” he added.
Now we shall look at IOI CORP's Assets
Please refer to Bursa Saham Official Website and search for IOI CORP
Then scroll down all the way near the bottom to PROPERTIES OWNED BY IOI CORP
Now look at this piece very very very carefully
See page 130 IOI CORPORATION BHD
D. OTHER PROPERTIES
Lots 429, 432 & 434
Bukit Sebukor
Bukit Baru, Melaka Tengah
Melaka
Freehold. 19 hectares.
Future Development Land
Year of acquisition 1990
Book Value: Rm1.2 Millions
Ok from the above we get very clear details
IOI CORP owns lands in Bukit Sebukor, Bukit Baru, Meleka Tengah (Central) in 3 plots
All freehold and under "FUTURE DEVELOPMENT LAND" which means it has been converted from agriculture.
Bought in year 1990 or 33 years ago
The Book Value is Rm1.2 Millions
From above we can see 19 Hectares of Freehold land with cost only Rm1.2 Millions
Now convert to Acres by multiplying 19 hectares by 2.471
= 46.949 acres (almost 47 acres)
To get per acre cost divides Rm1,200,000 by 46.949
= Rm25,809
Lest divide Rm25,809 by 43,560 further for per sq ft cost
= 59 sen psf
This is even cheaper than buying carpet or floor tiles per sq ft!
About normal value for most Freehold Palm oil Lands in Peninsular like others
BUT WHY THIS PIECE IS DIFFERENT?
Why?
Check the Map
We can SEE Bukit Baru is right near the Center of Melaka Historic City
Now what is the Current Market Value for this 33 years old Land right in Melaka City Center?
To get an example we refer to Ornapaper recent purchase of lands in Melaka and then WE CAN SEE THE DIFFERENCE
Again go refer Bursa Announcement by Ornapaper
ORNAPAPER BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | ORNAPAPER BERHAD ("ORNA" OR "THE COMPANY") |
The Board of Directors of ORNA wishes to announce that Ornapaper Industry (M) Sdn Bhd (“OIM” or "Purchaser"), a wholly-owned subsidiary of ORNA, had on 20 July 2023 entered into the following Sales and Purchase Agreements with Faithview Group Development Sdn Bhd (“FGD” or "Vendor") for the proposed acquisition of two (2) pieces of the following leasehold vacant lands (”Proposed Acquisition”):- |
From above we can see
Ornapaper buying leasehold lands
6.144 hectares for Rm18,516,967
4.059 hectares for Rm12,233,133.05
Now let's do a breakdown
6.144 hectares convert to acre by multiplying by 2.471
= 15.181 acres for Rm18,516,967
or Rm1,219,746
About Rm1.219 Millions just for one acre leasehold land???
Or next piece
4.059 hectares for Rm12,233,133.05
or 10.029 acres for Rm12,233,133.05
= Rm1,219,775
or Rm1.219 Millions an acre
Note again
IOI CORP book value
46.949 acres for Rm1.2 Milions
or only Rm25,089 per acre
So how much More the Cost
Divides Rm1.219,000 by 25,089
= 48.58 X (Times) or 4,858% more
divides by 33 years
= 147% per year
That is how fast IOI CORP's Bukit Baru Land gone up in 33 years
How nice to see 147% growth yearly in investments.
Now take another look how prime is IOI Corp freehold land in Bukit Baru compared to Ornapaper's leasehold lands in Krubong
See
18 min (13.9 km) via Jalan Tangkak - Durian Tunggal/Jln Tunku Abdul Rahman
THIS IS IT!
IOI CORP planting "ON GOLD HILL"?
Too precious now
We are sure IOI people are also aware of TOK MAT's reference on Bplant planting on "gold mine"
So what?
Are IOI PEOPLE GOING TO BUY MORE OF THEIR OWN GOLD MINE SHARES?
See
IOI CORPORATION BERHAD |
Subject | Intention to Deal During Closed Period |
No | Salutation | Name | Designation | Description Of "Others" Designation |
1 | DATO | LEE YEOW CHOR | Others | Group Managing Director / Chief Executive |
Nature of Interest | Direct Interest | |||
Description of Securities | Ordinary Shares | |||
No of Securities Held | 9,818,800 | |||
% of Securities Held | 0.158 | |||
2 | DATO | LEE YEOW CHOR | Others | Group Managing Director / Chief Executive |
Nature of Interest | Indirect Interest | |||
Description of Securities | Ordinary Shares | |||
No of Securities Held | 3,129,664,980 | |||
% of Securities Held | 50.448 | |||
3 | MR | LEE YEOW SENG | Others | Non-Independent Non-Executive Director |
Nature of Interest | Indirect Interest | |||
Description of Securities | Ordinary Shares | |||
No of Securities Held | 3,129,534,980 | |||
% of Securities Held | 50.446 |
Remarks : |
1. Dato' Lee Yeow Chor's indirect interest in Progressive Holdings Sdn Bhd ("PHSB") is pursuant to Section 8 of the Companies Act 2016 (the "Act") and also interest in share of his spouse, Datin Joanne Wong Su-Ching under Section 59(11)(c) of the Act. |
Company Name | IOI CORPORATION BERHAD |
Stock Name | IOICORP |
Date Announced | 24 Jul 2023 |
Category | Dealings in Listed Securities (Chapter 14 of Listing Requirements) |
Reference Number | DLR-21102022-00045 |
IOI CORPORATION BERHAD |
Subject | Intention to Deal During Closed Period |
No | Salutation | Name | Designation | Description Of "Others" Designation |
1 | MISS | WONG YIN LING | Others | Senior Financial Controller of IOI Acidchem Sdn Bhd |
Nature of Interest | Direct Interest | |||
Description of Securities | Ordinary Shares | |||
No of Securities Held | 9,400 | |||
% of Securities Held | 0.000 |
IOI CORPORATION BERHAD |
Name | EMPLOYEES PROVIDENT FUND BOARD |
Address | 5th Floor, EPF Tower No. 1, Persiaran Kwasa Utama Shah Alam 40150 Selangor Malaysia. |
Company No. | EPF ACT 1991 |
Nationality/Country of incorporation | Malaysia |
Descriptions (Class) | Ordinary Shares |
No | Date of change | No of securities | Type of Transaction | Nature of Interest |
1 | 18 Jul 2023 | 207,800 | Acquired | Direct Interest |
Name of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd-Employees Provident FD BD (NOMURA) | |||
Address of registered holder | Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur | |||
Description of "Others" Type of Transaction |
Circumstances by reason of which change has occurred | Acquisition of shares |
Nature of interest | Direct Interest |
Direct (units) | 683,621,173 |
Direct (%) | 11.02 |
Indirect/deemed interest (units) | |
Indirect/deemed interest (%) | |
Total no of securities after change | 683,621,173 |
Date of notice | 20 Jul 2023 |
Date notice received by Listed Issuer | 24 Jul 2023 |
Remarks : |
Shareholding percentage is based on the voting issued shares of 6,203,697,295. |
Company Name | IOI CORPORATION BERHAD |
Stock Name | IOICORP |
Date Announced | 24 Jul 2023 |
Category | Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 |
Reference Number | CS2-06072023-00087 |
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 29, 2024
Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
101 Lands can Rocket 101 up
https://www.youtube.com/watch?v=1yBwWLunlOM
2023-07-25 01:26
Sample house for sale in Bukit Baru
https://www.youtube.com/watch?v=836sGPdiZgw
2023-07-25 08:44
calvintaneng
Best kept secret on Earth
TSH RESOURCES OWNS 94,700 ACRES OF LANDS IN NUSANTARA (NEW CAPITAL OF INDONESIA LIKE PUTRAJAYA)
94700 acres is 52% of SINGAPORE LANDMASS OF 180,000 acres
See
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-07-28-story-h1627001607-TSH_RESOURCES_9059_KEEP_THESE_FIGURES_IN_MIND_IF_YOU_OWN_TSH_SHARES_PRI
2023-07-27 00:47
SEE TSH GOLDMINE LAND BOOM
https://www.youtube.com/watch?v=H47E-SHsh54
2023-07-27 01:04
calvintaneng
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-03-31-story-h1620564732-IOI_CORP_1961_PALM_OIL_JEWEL_EXTREMELY_UNDERVALUE_PALM_OIL_CO_WITH_DEEP
2023-07-25 01:19