Dear Friends of i3 Forum

We promoted Bplant at 57 sen (It was taken private by LTAT at Rm1.55

See

PALM OIL JEWEL: BPLANT OR BOUSTEAD PLANTATION (5254) BPLANT HAS DEEP VALUE ASSETS AND INCREASING EARNINGS, Calvin Tan Research

Publish date: Mon, 12 Apr 2021, 10:16 PM

Just like BPLANT - THPLANT ALSO GOT VERY LARGE LAND BANKS OF 240,000 ACRES

How Big is 240,000 Acres

Take a Look at Map of Singapore

​

​

SINGAPORE TOTAL LANDBANK = 180,000 ACRES

SO THPLANT'S PALM OIL LAND IS 1.3 X (TIMES) BIGGER THAN SINGAPORE

Take a Very Careful Look at Thplant Balance Sheet

At 73.5 sen with Paid Up Capital of 884 Million Shares

THE TOTAL PAID UP VALUE OF THPLANT IS

735 X 884,000

= Rm649,740,000

Or Rm649.74 Millions

Thplant took out loans to Buy Land & Plant

Amounting to Rm772 Millions Borrowings (Refer Bursa)

Less its Cash Rm161 Millions

= Rm611 Millions

SO WE ADD DEBT TO PAID UP CAPITAL

= RM611 Millions + RM649.74 Millions

= Rm1.26 Billions

Now to Get Land Cost Per Acre

Divide Rm1,260,000,000 by 240,000

= Rm5,250 PER ACRE

So at 73.5 Sen (MR MARKET ONLY GAVE RM5,250 PER ACRE VALUE FOR EACH OF THPLANT'S 240,000 ACRES SPREAD ALL OVER PLACES LIKE KERTIH, TRENGGANU, PAHANG, JOHOR, SARAWAK (Lands in Serian & near Bintulu) & SABAH  PALM OIL BELT OF LAHAT DATU

MOST OF THESE LANDS ARE IN THE "DIRECTION OF GROWTH"

ECRL CUTS THROUGH LANDS OF THPLANT IN TRENGGANU

PAN BORNEO HIGHWAY CUTS THROUGH LANDS OF SERIAN IN SARAWAK

IN DUNGUN BEFORE ECRL WAS BUILT LAND PRICES WERE RM1.00 PSF

AFTER ECRL ROUTE IN REALITY LAND PRICES IN DUNGUN NOW RM18 PSF

THE AMAZING THING IS THIS

THPLANT BOOK VALUE OF RM5,250 PER ACRE IS ONLY 

RM5,250 DIVIDES BY 43,560 SQ FT (ONE ACRE)

= 12 SEN PER SQ FEET LAND?

SIMPLY UNBELIEVABLE

SEE HOW MUCH IS TOILET PAPER WORTH

​

​

RM 43.50

CUTIE COMPACT TOILET TISSUE 3*10 ROLLS

RM43.50 FOR 10 ROLLS

SO ONE IS 43.5 SEN

THIS IS MORE THAN 300% MORE EXPENSIVE THAN A SQ FEET OF LAND?

NOW THESE ARE NOT USELESS WASTE LANDS AS WE SHALL SEE

REFER BURSA

IN ONE QUARTER THPLANT MADE RM21.546 MILLIONS

4 QTRS IN ONE YEAR

SO RM21.546 MILLIONS X 4

= RM86.184 MILLIONS

NOW DIVIDEND BY LAND OF 240,000 ACRES

= RM359 CASH YIELD PER ACRE

SINCE ONE ACRE COST ISRM5,250 (NET OF PAID UP SHARES + SUKUK LOANS)

YIELD IS RM359 / RM5,250

= 6.8%

WOW!

NOW DO WE HAVE HERE A PALM OIL STOCK WITH VERY DEEP VALUE PLUS A DECENT YIELD OF 6.8%?

WHY WE LIKE PALM OIL? SINCE BANKS ALSO CAN GIVE A YIELD OF 6% TO 7% OR MORE

LISTEN! LISTEN! LISTEN!!

ONLY PALM OIL STOCKS OWN APPRECIATING ASSETS LIKE LANDS ON WHICH THEY OPERATE

FOR BANKS?

THEY MOSTLY RENT SHOPHOUSES AND LOTS IN MALLS OR OTHER PRIME AREAS

THEIR LOCKED IN RENTAL IS LONG TERM

3 YEAR PLUS 3 YEAR LEASE

WITH ANOTHER 3 OR 6 MORE YEARS OF LEASE

THAT IS WHY YOU SEE MOST BANKS STAY PUT PAYING RENT FOR DECADES!

AND THEIR RENT ALSO INCREASE OVER THE YEARS

SINCE THESE ASSETS "DO NOT BELONG" TO THE BANKS BUT TENANTED

NO ONE WILL TAKE OVER BANKS FOR THEIR ASSETS (UNLIKE PALM OIL)

HOPE YOUR EYES ARE NOW OPENED

WITH KIND REGARDS

Calvin Tan

Please buy or sell after doing your own due diligence or Consult your Remisier/Fund manager

NOTE: BPLANT WAS 57 SEN

LTAT TOOK IT PRIVATE RM1.55

THPLANT NOW 73.5 SEN

WHAT WILL BE IT PRIVATISED PRICE?

WITH WARM REGARDS

Calvin Tan

Please buy or sell after doing your own due diligence or consult your remisier/Fund manager