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Hi guys,

Today I saw an advertisement in Malaysia Property Guru Website

Here it is

For Sale - Agricultural land for sale

RM 40,288,000
473932 sqft
RM85.01 psf
 
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

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