THE INVESTMENT APPROACH OF CALVIN TAN

PALM OIL JEWEL: IOI CORP (1961), IF BPLANT PLANTING ON 'GOLD MINE THEN IOI PLANTING ON GOLD HILL, Calvin Tan

calvintaneng
Publish date: Tue, 25 Jul 2023, 01:06 AM
calvintaneng
0 1,780
Hi Guys,

I have An Investment Approach I which I would like to all.

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


BPLANT (5254) A STARTLING REVELATION BY TOK MAT ( There are assets such as those of ‘planting trees on a gold mine’) Calvin Tan


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



PDG Property | PUSAT NIAGA BUKIT BARU UTAMA

File:Map of Melaka Tengah District, Melaka.svg - Wikimedia Commons

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


Announcement details

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ORNAPAPER BERHAD ("ORNA" OR "THE COMPANY") - ACQUISITION OF TWO (2) PIECES OF LEASEHOLD VACANT LAND BY ORNAPAPER INDUSTRY (M) SDN. BHD., A SUBSIDIARY OF THE COMPANY

ORNAPAPER BERHAD
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)

NON RELATED PARTY TRANSACTIONS

Description
ORNAPAPER BERHAD ("ORNA" OR "THE COMPANY") 

- ACQUISITION OF TWO (2) PIECES OF LEASEHOLD VACANT LAND BY ORNAPAPER INDUSTRY (M) SDN. BHD., A SUBSIDIARY OF 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”):-

(i) A sale and purchase agreement with FGD for the proposed acquisition of a leasehold land held under PN 67963, Lot 23933 (previously known as HS(D) 85476, PT 12084), Mukim Krubong, Daerah Melaka Tengah, Negeri Melaka measuring approximately 6.144 hectares in land area (661,320.25 square feet) (“Land 1”) for a purchase consideration of RM18,516,967.10 (“SPA 1”); and

(ii) A sale and purchase agreement with FGD for the proposed acquisition of a leasehold land held under PN 67964, Lot 23934 (previously known as HS(D) 85477, PT 12085), Mukim Krubong, Daerah Melaka Tengah, Negeri Melaka measuring approximately 4.059 hectares in land area (436,897.61 square feet) (“Land 2”) for a purchase consideration of RM12,233,133.05 (“SPA 2”).

(Collectively, Land 1 and Land 2 shall hereinafter referred to as “the said Property” and SPA 1 and SPA 2 shall hereinafter referred to as “the said SPAs”).

Please refer to the attachment for the details of the Proposed Acquisition.

This announcement is dated 20 July 2023.

Please refer attachment below.


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


Map from Krubong to Bukit Baru

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

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD

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.

2. Mr Lee Yeow Seng's indirect interest in PHSB is pursuant to Section 8 of the Act.

3. The percentage of issued shares of the Company is calculated based on the total number of shares with voting rights of 6,203,697,295 as at 24 July 2023.

This announcement is dated 24 July 2023.


Announcement Info

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


INTENTION TO DEAL DURING CLOSED PERIOD???


DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD


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



THIS ONE ACTED FASTER

SEE WHO

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

IOI CORPORATION BERHAD

Particulars of substantial Securities Holder

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

Details of changes

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.

Announcement Info

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


.

THERE ARE MANY MORE PIECES OF IOI CORP UNDERVALUE LANDS

ALL CAN GO DO A SIMPLE STUDY OF ALL IOI CORP ASSETS LISTED IN ANNUAL REPORT

Kindest Regards

Calvin Tan


Please buy/sell after doing your own due diligence or Consult your Remisier/Fund Manager/ Real Estate Valuer





Discussions
Be the first to like this. Showing 11 of 11 comments

calvintaneng

101 Lands can Rocket 101 up

https://www.youtube.com/watch?v=1yBwWLunlOM

2023-07-25 01:26

calvintaneng

Palm Oil Production Seen Surging in Malaysia as Workers Return, Says IOI Corp Plantations Director


https://www.ioigroup.com/headline-news/palm-oil-production-seen-surging-in-malaysia-as-workers-return-says-ioi-corp-plantations-director

2023-07-25 01:42

calvintaneng

Soybean oil crossed Us 70 sen a lb now (Was only Us 26 sen a lb in year 2020)

FCPO will be very well supported

https://www.barchart.com/futures/quotes/ZLQ23/overview

2023-07-25 08:05

calvintaneng

Sample house for sale in Bukit Baru

https://www.youtube.com/watch?v=836sGPdiZgw

2023-07-25 08:44

ahbah

Investing in plantation counters is like creating n growing our gold hill ?

2023-07-25 14:49

calvintaneng

Ahbah

Palm oil is a down to earth solid investment which gives us transparency and margin of safety

We get very good dividends which protect us from the ravages of high inflation plus once a while we see hot 🔥 bull run from time to time

2023-07-25 23:13

calvintaneng


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

calvintaneng

SEE TSH GOLDMINE LAND BOOM

https://www.youtube.com/watch?v=H47E-SHsh54

2023-07-27 01:04

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