Dear friends of i3 Forum,

BPLANT suddenly shot up in price from 64 sen to Rm1.06 in a short time due to "News of Takeovers". Now our buy call for Bplant was only 57 sen. And Bplant has given us 24 sen dividend making real time cost only a mere 33 sen after deducting dividends. 

And at Rm1.06 there is 73 sen or 221%

See 

https://www.sharetisfy.com/2021/04/palm-oil-jewel-bplant-or-boustead.html

Now is not the time to chase Bplant but to sell it into Strength & take profit. Then switch to these Three Laggards 

THPLANT, JAYA TIASA & TSH RESOURCES

Why don't chase Bplant? 

Answer:

We are to buy low and sell high. Not chase high in the hope of selling higher.

You see, we also gave buy call on Tsh Resources at Rm1.09. Tsh then went to the high of Rm1.89 & retraced to the low of 90 sen when many cry father and cry mother.

So do not blame us now for telling you to take profit in Bplant and switch to Thplant, Jaya Tiasa or Tsh Resources while prices are still so cheap

REMEMBER OUR MOTTO

"HE THAT IS LOW NEEDS FEAR NO FALL"

Of course Bplant can still go up. But will it go up another 221%?

Therefore it is up to each to decide.

Now We See More Value in Thplant, Jaya Tiasa & Tsh Resources

And these are the reasons

1. THPLANT

This Thplant has 240,000 Acres of Plantation which is even bigger than Bplant's 220,000 Acres

Like BPlant Thplant Assets were bought at rock bottom prices and in Growth Zones of Kemaman, Chukai, Trengganu, Pahang, Johor, Samarahan,  Serian & Tatau in Sarawak & in Palm oil belt of Sabah plus Central Kalimantan.

Today Ecrl Rail is passing through Thplant lands in Peninsular & Pan Borneo Highway passing through Thplant's Sarawak Lands as well

Let's see how cheap is Thplant

At 54.5 sen with paid up capital of 883 Millions the Total Value of Thplant is only Rm481.235 Millions

Now look at Thplant balance sheet

It has Rm849 Millions Loan

And it has Rm110 Million Cash & other Investments

So less cash it has about Rm739 Million in debt

Now at that to paid up capital of Rm481 Millions its total Thplant is Valued at Rm1.22 Billions

That's all?

Now Thplant has 240,000 Acres of Palm Oil lands

Which translates to Rm5,083 per acre cost an acre. HuHuHu!

That is 11.6 sen per sq feet only

How big is 240,000 acres. Think of Singapore total landmass of 180,000 acres

So Thplant is 1.33 Times Singapore Land Size and at S$1.00 to Rm3.42 real time

Thplant 240,000 Acres only Worth $356.7 Millions?

That is really cheap

Of course we cannot compare Malaysia with Singapore. But again if we compare all Current Land Prices in Trengganu, Pahang, Johor, Sarawak, Sabah & Central Kalimantan can we find Lands selling at Rm5,000 an acre?

Of course quite impossible

They rent for Rm5,000 an acre possible for those roadside lands tenanted to New/Used Car showrooms or for Those Big Furniture Store maybe? Not sell for Rm5K as Land prices now range from Rm30,000 to Rm50,000 per acre for agriculture

And for those with Commercial Potential?

See in Samarahan

Native Asajaya Land For Sale

RM 79,000

Est. Repayment RM 339 / mo

Check your affordability 

1.13 acre

RM 2 psf

So Native land above is selling at Rm2.00 psf (Thplant cost only 11.6 sen?)

See another piece

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Land Beside SMK Sri Samarahan

This 4.9 acres asking for Rm900,000

Per acre is Rm183,673

or Rm4.21 psf

Remember Abang Jo has said Samarahan could be Sarawak's Mid Valey MegaMall equivalent

See

Premier: Areas around Kuching’s Vivacity poised to become like KL’s Mid Valley City

POSTED ON JUNE 24, 2023, SATURDAY AT 5:30 PM

“From the point of view of the development plan, this area will become a satellite area given its rapid development.

“This is because it is located in the middle between Kuching and Samarahan, with which we will build the Autonomous Rapid Transit (ART) route and stations along the way,” he said.

He said the establishment of several new strategic buildings along with ART infrastructure there will transform the area into an integrated city like Mid Valley City in Kuala Lumpur.

He was speaking at a press conference after attending a briefing on the Vivacity 2 and ‘Nest’ building project here today.

He said once the Vivacity 2 is completed, the areas around it will be touted as an integrated hub that will connect Samarahan and Kuching.

SO SAMARAHAN IS MENTIONED

See how Thplant bought lands in Samarahan for Rm13,120 per hectare

TH Plantations Bhd (July 25, RM2.54)

Although earnings contributions are not expected to be significant due to the earnings per share (EPS) dilution resulting from the increase in the number of shares, we are of the view that THPlant will benefit from the acquisitions.

Comparing on the basis of the size of landbank in Malaysia, THPlant will be larger than Kulim Bhd’s estimated 54,000ha and Sarawak Oil Palms Bhd’s 72,653ha.

The number of THPlant shares would rise 40% from 517 million to 727 million.

Lembaga Tabung Haji’s shareholding in THPlant would increase from 58.8% to 70.7%. The proposed acquisitions are targeted for completion in the fourth quarter of FY12.

According to the Bursa announcement, the acquired companies’ landbank was valued at RM1 billion. This implies that THPlant is buying the landbank at 52% below the market value. — AmResearch, July 25

This article appeared in The Edge Financial Daily on July 26, 2012.

in November 2011 THPlant acquired 5,602ha of mainly greenfield land in Samarahan from Sawit Green Plantation Sdn Bhd at RM13,120 per hectare.

To get Cost per Acre Divides Rm13,120  by 2.471 = Rm5,309 or 12.18 sen psf  to be exact

Rm2.00 psf to Rm4.21 psf current asking price

If we take just average cost of Rm3.00

At 12.18 sen it is 300/12.18

= 24.6 X (times ) up or up by 2,460%

This will match Bplant, Simeplant or Ioi Corp land price surge!

Like all others Thplant also does not want to "Plant Trees on Gold Mine" as well

Or let us dig deeper

See this

TH Plantations Bhd (THPlant) has proposed to acquire two companies from Lembaga Tabung Haji for RM535.6 million via the issuance of 209.3 million new shares at RM2.56 per share.The two companies own 25,490ha of oil palm land and 15,714ha of rubber and teak land. One of the companies also owns a 60 tonne per hour palm oil mill.About 24,312ha of the acquired oil palm land is in Sarawak and 1,178ha in Terengganu. The teak and rubber land is located in Sabah. Most of the oil palm trees in Sarawak are young — at between one and 14 years old.

Ok let us do a breakdown

Thplant paid for Rm535.6 Millions for 25,490ha & 15,714ha lands by issuing shares valued at Rm2.56 per share to Tabung Haji

How much per acre?

Rm535.6 Millions for 41204ha (hectares ) 

Convert hectare by X 2.471 = 101,815 acres

NOW THIS WAS HOW THPLANT AGRICULTURAL  OIL LANDS INCREASED BY OVER 101,000 ACRES TO 240,000 ACRES TODAY

Rm535,600,000 divides by 101,815

= Rm5,260 per acre cost or 12.07 sen psf

This same cost in Sarawak is the same cost in Kemaman at Rm5,260 per acre

 1,178ha in Terengganu

about 2,910 acres in Kemaman & Chukai near Ecrl Rail Stationed in Trengganu!

See how much land cost there

RM 1,200,000

3 acre

RM 9 PSF

One acre is 43,560 sq ft

so at Rm9 psf is Rm392,040 per acre

That is way too expensive

Ok see another piece

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Kampung Dato' Ibrahim Fikri Cukai Kemaman

Cukai, Kemaman, Terengganu

RM 329,493

11,021 sqft

RM 30 PSF

Rm30 psf? Must be development land

See again 

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Kemaman, Chukai

• RM 210,000

(RM 93750 setiap ekar)

Or this one more like it

Divide by 43,560 to get cost psf

= Rm2.15 psf

at cost 12.07 sen

now Rm2.15 it is up 17.81 X (times) or up by 1,781%

And now Ecrl Rail is passing through it so Value Will Increase

See

Refer Properties owned by Thplant (Refer Bursa Website)

See this land in Trengganu

THP

Ibok

Sdn Bhd

Ladang Sungai Ibok

Tel No. : 09-8676543

Email : libok@thplantations.com

Hj Mahya b Masrom

(Manager)

Peti Surat 2

24107 Kijal

Kemaman Terengganu

Jalan Jerangau - Jabor

(Penghantar 2)

24000 Seri Bandi

Kemaman Terengganu

See Ecrl passing through now

https://www.youtube.com/watch?v=NbSKxrq35-M

ooophs cannot open under content page

never mind must go see under comments

ok

And ok enough for now.

Will continue with Jaya Tiasa & Tsh Resources another time

Kindest regards

Calvin Tan

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

STOP PRESS!

in November 2011 THPlant acquired 5,602ha of mainly greenfield land in Samarahan from Sawit Green Plantation Sdn Bhd at RM13,120 per hectare.

Since Samarahan lands have gone up toRm3.00 psf now we can do a simple calculation for the worth of this small piece

5,602 hectares equal to 13.842 acres

to get full value x 3 and then x 43,560 feet

=Rm 1,808,943,388

Over Rm1.8 Billions

with total paid up capital of 883 million shares

this piece of land alone is worth Rm2.04 per share

That is how so very undervalue Thplant assets now