Dear Friends of i3 Forum,

Since year 2021 we have a Group called "EAGLE VISION FIRST MOVER" On Palm OIl

As such we know a little about Palm Oil after 3 short years

And here is a fair appraisal of MKHOP

​

​

Let us study the latest Numbers as Revealed

this qtr MKHOP earned 2.36 sen

Annualised 2.36 X 4

= 9.44 sen

At current price of 61.5 sen

its forward P/E is 61.5 sen divides by 9.44 sen

= 6.51 P/E

This is much better than current touted hot stocks of so many others in IT, Tech, Property, Construction, Oil & Gas etc

Now some have pointed out that MKHOP's NAV (NTA) Only 58 sen?

Now As we have calculated MKHOP per acre cost is Rm14,000 in Kutai East, East Kalimantan

A check with current asking prices of lands in Kutai East shows very much higher asking prices

See

​

​

Rp 60.000.000

Jual tanah uk 10x20

This article first appeared 

in The Edge Malaysia Weekly on March 18, 2024 - March 24, 2024

BOUSTEAD Plantations Bhd (BPlant), a wholly-owned subsidiary of Lembaga Tabung Angkatan Tentera (LTAT)-controlled Boustead Holdings Bhd, is in talks to sell 1,200 acres of plantation land in Kulim, Kedah, to Kulim Technology Park Corp Sdn Bhd (KTPC), according to sources.

It is understood that the price tag being bandied about is RM7.50 to RM7.80 psf, or about RM400 million for all of the 1,200 acres.

​

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2021

SEE

THE NAV (NTA) OF IJM PLANT ONLY RM1.74?

NOW KLK TOOK IJM PLANT PRIVATE AT RM3.10

FROM RM1.74 TO RM3.10 IS UP 78%

SO BY THE SAME TOKEN IF WE ADD 78% TO MKHOP NTA BY ANOTHER 78%

Then it will be 58 sen X 1.78

= Rm1.03

SO THE REVISED NTA Should be Rm1.03

And at 61.5 sen MKHOP is selling at a discount of 41% to NTA

But remember this

When KLK took Ijmplant private IJM Plant has lands in Sabah, Bulugan & East Kutai

In East Kutai Ijmplant has about 50,000 acres land with Book Value about Rm13,000 per acre

That was in year 2021

See

From Fantasy to Fact: The Making of the New Capital IKN

The debate over the transfer of the national capital from Java to Kalimantan ended with the passage of Law Number 3 of 2022 concerning the National Capital (IKN Law). This law was signed and officially published on 15 February 2022, which established the Nusantara Capital Authority, a ministry-level organization that oversees the Special Capital Region of the Archipelago Government, and the designation of the name Nusantara (hence the name Ibu Kota Nusantara IKN) as the capital of the country. With the passing of the law, the new national capital will become the seat of the central government as well as delegations from other countries and international organizations and institutions.

With Kind Regards

Calvin Tan

Please buy or sell after doing your own due diligence

Or consult your Remisier/Fund Manager

NOTE:

ONLY TSH RESOURCES GOT BETTER LANDS THAN MKHOP AS ITS LANDS IN KUTAI BARAT COMMANDS A PRICE OVER OVER RM MILLIONS PER ACRE

MKHOP should trade above Rm1.00

TSH RESOURCES should be worth at least Rm3.00 to Rm5.00

These are the Intrinsic Values