Dear friends at i3 Forum
This post will show you why investing in Palm oil Cos is highly defensive
NPC RESOURCES VERSUS KNM
1) NPC RESOURCES once fell into default but was saved by Quick Asset Disposal
See
KUALA LUMPUR:NPC Resources Bhd (1.95 )said it has found a new buyer to acquire part of its estates in Sabah, barely days after withdrawing an offer toIOI Corp Bhd (3.93 -0.020)s.
In a filing with Bursa (6.86 )s Malaysia today, NPC (1.95 )s said Syarikat Kretam Plantations Sdn Bhd has accepted its offer to sell a total of 2,109 acres (853 hectares) of land in Kinabatangan, Sabah forRM52.7mil.
At first the lands were offered to IOI COP but since IOI was slow to response KRETAM quickly grabbed them all
This shows Palm oil lands can easily be sold as they are in hot demand
2) KNM disposal of Borsig was not carried through
See
PETALING JAYA: KNM Group Bhd’s proposed sale of its entire stake in Borsig GmbH for €220.8mil (RM1.03bil) to Vorsprung Industries GmbH, formerly GPR Siebzigste Verwaltungsgesellschaft mbH, has collapsed leaving the debt-laden group to consider other options including a possible listing of the unit instead.
KNM, in a filing with Bursa Malaysia yesterday, stated the last extension sale date of Nov 30, 2022 for Borsig, a process equipment manufacturer based in Germany, passed without the closing of the transaction mainly due to financing issues.
“The board wishes to announce that after several discussions and negotiations with the purchaser, the board is not convinced that the closing conditions, in particular regarding the financing of the proposed disposal, will be satisfied swiftly,” the PN17 status KNM said in its filing.
While NPC RESOURCES SOLD ITS PALM OIL LANDS AT PREMIUM ALMOST IMMEDIATELY KNM COULD NOT SELL ITS BORSIG EVEN AT DEEP DISCOUNT
Why oh Why?
Like this
When you buy landed houses or Palm oil lands 10 to 20 ago they most probably APPRECIATED IN VALUE OVER TIME
However, if you buy cars, lorries, buses, planes, computers, handphones, trains, Oil Rigs and all others which can rust, got decay or turn obsolete 10 or 20 years ago they MOST PROBABLY HAVE DEPRECIATED OVER TIME
Hope you can see why Palm oil Assets are lands
And Lands are Forever
In the Offices of JLand, Kulim or JCORP you will find this motto
Please buy or sell after doing your own due diligence
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https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-11-04-story-h1593687704-Reposted_Article_OIL_PALM_STOCKS_IN_Bull_Run_Time_Those_Prepared_with_B
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