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


Hi guys,

This evening we want to highlight another Jewel Plantation share called BPlant (5254)

See these posts

KUALA LUMPUR (April 5): Scientex Bhd is acquiring three pieces of freehold agriculture land in Penang for RM246.67 million.

The group said in a bourse filing that its wholly-owned subsidiaries Scientex Quatari Sdn Bhd and Scientex (Skudai) Sdn Bhd had entered into two sale and purchase agreements in relation to the proposed acquisition.

The first agreement is to acquire a piece of freehold agricultural land at Seberang Perai Utara, measuring approximately 82.84 hectares for RM147.13 million.

The second agreement is to acquire two pieces of freehold agricultural land at Seberang Perai Utara with an aggregate area of approximately 560,492 square meters for RM99.55 million.

The proposed acquisitions will be funded by internally-generated funds and bank borrowings, it said.

Scientex also said the proposed acquisitions represented a strategic investment opportunity to increase and boost the existing landbank of the group.

It said the positive response received by Scientex for its maiden development located at Tasek Gelugor, Penang indicated there was still strong and robust demand for affordable homes in Penang and Scientex intends to leverage on this demand to further expand its affordable homes brandname to other parts of Penang.

The Land is Located in Tasek Gelugor

82.84 hectares for Rm147.13 Millions

Let's calculate cost acre

To convert hectare to acre multiply by 2.471

So 82.84 x 2.471 = 204.687 acres

Now divide Rm147,130,000 by 204.687

= Rm718,804

SO SCIENTEX IS PAYING RM718804 PER ACRE

NOW GO SEE BPLANT

PROPERTIES OWNED BY BPLANT

TO BE CONTINUED

10/04/2021 9:23 PM

 From ANNUAL REPORT OF BPLANT


Properties owned by Bplant

Malakoff Estate, Tasek Glugor,
Pulau Pinang
562.3 hectares Oil palm estate Freehold 64.2 Millions

Here we see Bplant also got 562.3 Hectares of Palm oil estates in TASEK GELUGOR LOCATED IN SEBERANG PRAI NORTH

How much per acre

562.3 x 2.471 = 1389.4433 acres

To get the cost divides Rm64,200,000 by 1389.4433

= Rm46,205 per acre

So how much is current price Scientex paid for Tasek Gelugor lands

Answer: Rm718,804

How many Times (X) More

718,804 / 46,205 = 15.34 X more if Revalued now

To be continued

What is the Total Current Value of Tasek Gelugor lands

1389.4433 acres x Rm718,804

Rm998,737,401

To be continued

What is the Cash Value?

Divides Rm998,737,401 by Rm27,455,000 and multiply by 1.23

= 44.74 sen per share CASH

Since BPlant is 57 sen

How many %?

44.74 / 57

78.49%

BPLANT ALSO GOT MANY MANY PLANTATION LANDS IN KULIM AND KEDAH WHERE TUN DR M & FAMILY ARE BUILDING AN AIRPORT FOR COMMERCIAL GOODS


SO ALL BPLANT LANDS ARE OF IMMENSE VALUE AS WELL

ONE MORE INTESRESTING DISCOVERY

Taiping Rubber Plantation Estate,
Trong, Perak
1,347.8 hectares Oil palm estate &
palm oil mill
Freehold 74.4 Millions

BPLANT GOT 1,347.8 HECTARES OF PALM OIL LANDS IN TRONG, TAIPING VALUED AT RM74.4 MILLIONS

How much per acre?

1,347.8 x 2.471 = 3,330.41 Acres

To get per acre divide price by land

= Rm22,339 per acre

Now what is the Current Market Price of lands in Trong Taiping?

See Spritzer

 KUALA LUMPUR (March 25): Spritzer Bhd is acquiring an agriculture land near its existing mineral water plant in Air Kuning, Taiping for RM76. 11 million, to set up a new plant. The group said the 1,228-acre land, planted with oil palm trees, belongs to Trong Oil Palm Estates Sdn Bhd.25 Mar 2021

See

https://www.theedgemarkets.com/article/spritzer-buys-agriculture-land-taiping-set-new-mineral-water-plant#:~:text=KUALA%20LUMPUR%20(March%2025)%3A,Oil%20Palm%20Estates%20Sdn%20Bhd

Here we see Spritzer paid Rm76.11 Millions for 1,228 Acres of land in Trong, Taiping (same place Bplant own lands)

How much?

Divide price by land cost

=

Rm61,798 per acre

How much Bplant?

Rm22,339 per acre

So how many times more if current value?

61798/ 22339

= 2.76 Times (X) more

How much if cash value?

Rm205.7 Millions divides by Rm27,455,000 x 1.23

9.21 SEN

ADD 44.74 for TASEK GELUGOR LANDS

= 53.92 SEN

Since Bplant is 57 sen that is 94% CASH ALREADY

Now check again VERY VERY CAREFULLY

Taiping Rubber Plantation Estate,

Trong, Perak
1,347.8 hectares Oil palm estate &
palm oil mill

IT SAYS

"1,347.8 Hectares Plantation Estate Trong, Perak

& PALM OIL MILL

YES!!! PALM OIL MILL

ACCORDING TO FGV EACH MILL COST IS RM60 MILLIONS

SO ALL THE HIDDEN AND OPEN ASSETS OF BPLANT ADDS UP

DO YOU THINK BPLANT IS UNDERVALUE?

REGARDS

Calvin Tan Research

Please buy or sell after doing your own due diligence and please consult your Remisier or Fund Manager.

calvintaneng What is the Total Current Value of Tasek Gelugor lands

1389.4433 acres x Rm718,804

Rm998,737,401

To be continued

10/04/2021 9:40 PM

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-04-12-story-h1563301593-PALM_OIL_JEWEL_BPLANT_OR_BOUSTEAD_PLANTATION_5254_BPLANT_HAS_DEEP_VALUE.jsp

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