Hi guys,
Today I saw an advertisement in Malaysia Property Guru Website
Here it is
Agricultural land for sale
Plentong, Plentong, Johor Bahru, Johor
SEE https://www.propertyguru.com.my/commercial-property/agricultural-land-for-sale-for-sale-by-pauline-lim-31948135
STRAIGHTAWAY FGV (FELDA GLOBAL VENTURES COME TO MIND)
FELDA ALSO GOT AGRICULTURAL LANDS IN PLENTONG
SEE
Let us take a look at one at Top number 4 properties listed
4. Johor Darul Takzim
Inas Selatan, Kledang 02, Maokil 06, Maokil 07,
Nitar Timur, Paloh, Tenggaroh 09, Tenggaroh
11, Tenggaroh 12, Tenggaroh 13, Tenggaroh
Timur 02, Palong Timur 04, Palong Timur 05,
Semencu, Pasir Gudang, Semencu, Bukit
Besar, Air Tawar, Penggeli, Kahang, Lok
Heng, Selanchar 2A, Tenggaroh 4, Adela,
Moakil, Nitar, Selanchar 2B, Belitong, Wa Ha,
Tenggaroh Timur, Kulai, Plentong, Tanjung
Langsat Industrial Complex
Now let us calculate the actual value of these lands
Land size 33,914 hectares
Net Book Value: Rm265,873,000
To get per sq feet value first convert hectare to acre
1 hectare equals to 2.471 acre
So 33,914 acres x 2.471 = 83,801 acres
So multiply 83,801 acres by 43,560 to sq feet = 3,650,371,560 sq ft
Wow over 3.6 BILLION S FT LANDS IN JOHOR ALONE!
Now to get price per sq feet
Divides Rm265,873,000 by 3,650,371,560 = 0.072 sen
PHEW!!! ONLY 7.2 SEN COST PRICE PER SQ FEET?
NOW FGV BOOK VALUE FOR PLENTONG LAND IS ONLY 7.2 SEN
AS ADVERTISED BY PROPERYGURU UNDER COMMERCIAL PROPERTY FOR SALE IN JOHOR RIGHT NOW LANDS ARE RM85.01 PER SQ FT
NOW YOU KNOW WHY FELDA WANT TO TAKE BACK ALL THE GROSSLY UNDERVALUE LANDS FROM FGV?
IB BANKS THAT AGREE TO RM1.30 PRIVATISATION GOT ARM CHAIR ANAYLSTS WHO KNOW NEXT TO NOTHING ABOUT THE TRUE VALUE OF FGV
BEST REGARDS
Calvin Tan Research
Singapore
Disclaimer
All information provided here
should be treated for informational purposes only. It is solely
reflecting author's personal views and the author should not be held
liable for any actions taken in reliance on information contained
herein.
BY THE WAY
SC SHOULD MAKE IT COMPOULSORY FOR ALL COMPANIES ESPECIALLY
PLANTATION COMPANIES TO REVALUE THEIR LANDS FIRST BEFORE PRIVATISATION
OR ELSE MINORITY SHARE HOLDERS WILL BE SHORT
CHANGED!
OKOK
I MUST ADMIT HONG LEONG IB GAVE A TARGET PRICE FOR FGV AT RM1.39
See
GV (5222) UPGRADED TO RM1.39. FIRST SALVO FIRED BY HONG LEONG INVESTMENT BANK AS CPO POWERING UP, Calvin Tan Research
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-11-18-story-h1536491619-FGV_5222_UPGRADED_TO_RM1_39_FIRST_SALVO_FIRED_BY_HONG_LEONG_INVESTMENT_.jsp
WHY HONG LEONG IB BANK?
ANSWER:
BECAUSE HONG LEONG GOT 2 UNIT TRUST FUNDS INVESTED IN FGV (SEE IN TOP 30 HOLDERS OF FGV)
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-12-17-story-h1538277151-TOP_REASONS_WHY_WE_INVEST_IN_PLANTATION_STOCKS_LIKE_PALM_OIL_RUBBER_OR_.jsp
