Okay, then that makes it 43.8 hectares for 12 mil, i.e. about 280k per hectare. Kind of a bit on the cheap side, even for agriculture land, in my opinion.
But then I'm comparing it to agri land in Kota Bharu area. I guess agri land in Besut area has a much smaller price valuation.
TDM palm oil would be shortest distance & most convenient for China buyers. Just need to beef up Kertih port a little bit to handle the shipping & cargo filling.
For plantations closer to Kelantan border, e.g. Besut area, then maybe Too Bali port more convenient.
Good Morning all, A new fresh day, a day of buying to generate more $$$$ Dr M going to China tomorrow, palm oil will get a lot of chinese buyers, TDM palm oil will be spiking
Stock on Radar - Cover by Ambank Stock Investment ( Apr 23,2019) With an RSI above 50%, it may break the resistance level of RM0.20. If this happens, the short-term target price will be RM0.24 followed by RM0.275. Volumes has been huge these few days in anticipating of Dr M visit to China. Buy and hold - while waiting for news coming from Dr M visit to China tomorrow. TDM good counter to spike and lets huat together
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Posted by mfbs > 2019-04-22 21:27 | Report Abuse
Special dividen??