THE INVESTMENT APPROACH OF CALVIN TAN

BPLANT & KLK : A LOOK AT BOTH POSITIONS AT CURRENT CIRCUMSTANCE, Calvin Tan

calvintaneng
Publish date: Tue, 03 Oct 2023, 11:59 PM
calvintaneng
0 1,745
Hi Guys,

I have An Investment Approach I which I would like to all.

Dear Friends of i3 Forum, (Please read to the end as we type now)


Today has been a very eventful day for Shareholders of Bplant. Rumour by TheEdgedaily that KLK & Bplant Deal has been "Called Off" & caused panic and fear. Many have posted all kinds of Summations 


Now let us be calm and take a careful look


Bplant was one of Top 10 Palm oil stocks picked by Eagle Group in Year 2020/2021 when it was 57 sen


Refer


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

calvintaneng
0 1,735

I have An Investment Approach I which I would like to all.

Hi Guys,

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calvintaneng
0 1,735

I have An Investment Approach I which I would like to all.

Hi Guys,

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

Hi guys,

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


Since Bplant is 57 sen that is 94% CASH ALREADY


See Full Article Under Comments Post


Suddenly this year Bplant jumped from 64 sen to over Rm1.50 at the news of KLK taking a Stake in Bplant


And again Rumour of Deal being called off Bplant suddenly dropped from Rm1.50 to Rm1.27 (with many in great doubts and uncerainty


Now if you have bought Bplant low at 57 sen you have already received more than 20 sen dividend (all from assets disposal and cash payout)


But if you are a trader buying and selling for small gains and still chased at peak? Then there is no guarantee you will make money


So remember, Buy a Value Stock when price is cheap and overlooked. Then wait.

Wait? How long?


If you had bought Bplant at 57 sen after deducting 20 sen dividend your cost would be only 37 sen


So even if Bplant is Rm1.27 there is a profit of 90 sen or 243%

And that means 81% profit per year. So waiting will see good returns


At this juncture let us take another look at Bplant 

It has proposed to sell at least 33% Stake to KLK. Now In Bursa Filing KLK already bought 36% or 808 Million Bplant shares from open market


See


BOUSTEAD PLANTATIONS BERHAD

Particulars of substantial Securities Holder

Name
BATU KAWAN BERHAD
Address
Wisma Taiko

No. 1, Jalan S.P. Seenivasagam

Ipoh

30000 Perak

Malaysia.

Company No.
196501000504 (6292-U)
Nationality/Country of incorporation
Malaysia
Descriptions (Class)
Ordinary shares.

Details of changes

No
Date of change
No of securities
Type of Transaction
Nature of Interest
1
29 Sep 2023
6,108,200
Acquired
Deemed Interest
Name of registered holde r
Kuala Lumpur Kepong Berhad
Address of registered holder
Wisma Taiko, No. 1, Jalan S.P. Seenivasagam, 30000 Ipoh, Perak Darul Ridzuan
Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred
Acquisition of shares via open market (Deemed Interest).
Nature of interest
Deemed Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
808,491,666
Indirect/deemed interest (%)
36.093%
Total no of securities after change
Date of notice
03 Oct 2023
Date notice received by Listed Issuer
03 Oct 2023


FROM ABOVE WE SEE KLK NOW OWNS 808.491 MILLION BPLANT SHARES


ABOUT 36.093%



Now let's go see BPLANT TOP 30 HOLDERS


Refer Bursa Webpage

30 LARGEST SHAREHOLDERS OF BPLANT

Name of shareholders No. of shares %

1 BOUSTEAD HOLDINGS BERHAD

ACCOUNT NON-TRADING

1,286,135,900 57.42%

2 LEMBAGA TABUNG ANGKATAN TENTERA 237,206,100 10.59%

3 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR CHONG YIEW ON (6000006)

20,003,800 0.89

4 LEMBAGA KEMAJUAN TANAH PERSEKUTUAN 12,348,000 0.55

5 AFFIN HWANG NOMINEES (ASING) SDN BHD

EXEMPT AN FOR LEI SHING HONG SECURITIES LIMITED (CLIENT A/C)

11,733,000 0.52

6 LTG DEVELOPMENT SDN BHD 7,700,000 0.34

7 UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD

EXEMPT AN FOR UOB KAY HIAN PTE LTD (A/C CLIENTS)

7,016,640 0.31

8 CIMSEC NOMINEES (TEMPATAN) SDN BHD

CIMB FOR CHE LODIN BIN WOK KAMARUDDIN (PB)

6,695,000 0.30

9 CHIN TECK PLANTATIONS BERHAD 5,600,000 0.25

10 HSBC NOMINEES (ASING) SDN BHD

JPMCB NA FOR TEACHERS’ RETIREMENT SYSTEM OF THE CITY OF THE NEW YORK

5,193,700 0.23

11 NEGRI SEMBILAN OIL PALMS BERHAD 4,800,000 0.21

12 YEO ANN SECK 4,000,000 0.18

13 TAN SEE TONG 3,900,000 0.17

14 CITIGROUP NOMINEES (ASING) SDN BHD

CBNY FOR EMERGING MARKET CORE EQUITY PORTFOLIO DFA INVESTMENT

DIMENSIONS GROUP INC

3,878,676 0.17

15 MAYBANK NOMINEES (TEMPATAN) SDN BHD

THONG WEI HAO

3,700,000 0.17


16 CARTABAN NOMINEES (ASING) SDN BHD

SSBT FUND 0MUA FOR TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF

ILLINOIS

3,692,520 0.16

17 AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD.

YAYASAN LTAT

3,594,360 0.16

18 MOHD NASRI BIN ABDUL RAHIM 3,500,000 0.16

19 ENG THYE PLANTATIONS BERHAD 3,100,000 0.14

20 CARBATAN NOMINEES (ASING) SDN BHD

THE BANK OF NEW YORK MELLON FOR ACADIAN EMERGING MARKETS SMALL CAP

EQUITY FUND, LLC

3,095,700 0.14

21 TAN GUAT SIM 2,966,900 0.13

22 PALMHEAD HOLDINGS SDN. BHD. 2,800,000 0.13

23 CIMB GROUP NOMINEES (TEMPATAN) SDN BHD

EXEMPT AN FOR DBS BANK LTD (SFS-PB)

2,758,400 0.12

24 CHUA SOH PENG 2,738,400 0.12

25 HLB NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR CHEE SAI MUN

2,690,600 0.12

26 ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD

PLEDGED SECURITIES ACCOUNT FOR TA KIN YAN (7000778)

2,650,000 0.12

27 YEAP AH KAU @ YEAP CHAN TOOI 2,623,100 0.12

28 TIMOR OIL PALM PLANTATION BERHAD 2,600,000 0.12

29 GAN TENG SIEW RELTY SDN. BERHAD 2,555,420 0.11

30 IZZAT BIN OTHMAN 2,534,000 0.11

TOTAL 1,663,810,216 74.26%


IN TOP 2 ARE


1. BOUSTEAD with 57.42%


2. LTAT with 10.59%


Combined total is 68.1%


Now Add KLK 36.093%


Total is 104.%


So KLK in principle has bought all the "Other" available holders of Bplant and also all of free float & even exceeded by 4.1% TSH shares


That means two things


If ALL OUTSIDE NO MORE then at least 4.1% of LTAT/Bplant shares are now with KLK

Or if there is still Holders out there (judging from all the noise and hooha in Bplant Forum we know many are still holding Bplant shares


That means more that 4.1% of Bplant/Ltat have already been sold


According to Bursa Rule any entity holding above 5% equity in a given Co must file notice of trading

This is still not known

So we await News


Now Rumour has it that Bplant being a Bumi Glc should not be sold to a non Bumi Entity


That has been the norm for Land sale


Note:

When Thplant wanted to sell its Tatau Sarawak Lands to non Bumi Entity it was objected and called off

Govt withdraws approval of property acquisition by Tamaco Plantation

Wednesday, December 9th, 2020 at Business | News

by BERNAMA/ FILE PIX

The government has decided to withdraw the approval of indirect property acquisition by Tamaco Plantation Sdn Bhd from TH Plantations Bhd (THP) on Dec 4, for further scrutiny and other factors.

Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed and Minister in the Prime Minister’s Department (Religious Affairs) Datuk Seri Dr Zulkifli Mohamad Al-Bakri disclosed this in a joint statement here today.

They maintained that the indirect property acquisition application by Tamaco through the subscription of 100% shares from two THP subsidiaries — Bumi Suria Ventures Sdn Bhd and Maju Warisanmas Sdn Bhd — was subject to property acquisition guidelines which have been in effect since March 1, 2014.

The guidelines stipulated that dilution of properties by Bumiputera interests via direct or indirect acquisition by non-Bumiputera interests is based on retention of at least 30% equity ownership for the latter.

According to the statement, Tamaco in a letter of approval dated Nov 24, 2020, was required, based on the guidelines, to establish equity ownership of at least 30% for Bumiputera interest within one year from the conditional approval.

The conditional approval was given on the justifications by THP that it was for continuous operation and financial stability of the company.

“We are determined to continue developing THP and Lembaga Tabung Haji more successfully to a prominent stage in the country, as well as internationally,” the ministers said.

ABOVE DEAL WAS ABORTED


Again when MSM wanted to sell Perlis Lands to F&N (Non Bumi entity) it was also called off


MSM cancels Chuping land sale to F&N Holdings 

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IT WAS LATER SOLD TO FGV

FGV inks RM175mil deal to buy MSM Perlis from 51 per cent-owned MSM

By Azanis Shahila Aman - June 8, 2021 @ 4:26pm

KUALA LUMPUR: FGV Holdings Bhd, via subsidiary FGV Integrated Farming Holdings Sdn Bhd, has inked a share sales agreement with MSM Malaysia Holdings Bhd to buy MSM Perlis Sdn Bhd for RM175 million.

The agreement is a continuation of the binding term sheet signed between MSM and FGV Integrated on April 30 this year.

MSM, which is 51 pe rcent-owned by FGV, will obtain shareholders approval via an extraordinary general meeting by the third quarter of 2021.


ABOVE TWO BUMI GLC ABORTED LAND DEALS TO NON BUMI ENTITIES


But a new precedent was set when Bplant (Also Govt GLC) sold its Kulai Young Lands to YTL-POWER



Boustead Plantations disposes of Johor land to YTL Power's unit for RM429m

-

Boustead Plantations disposes of Johor land for RM429m

KUALA LUMPUR (Sept 28): Boustead Plantations Bhd has proposed to sell Kulai Young Estate in Johor for RM429 million to YTL Power International Bhd’s 70%-owned subsidiary SIPP Power Sdn Bhd.

The group expects to realise an estimated RM323 million upon completion of the disposal of the 664ha of plantation land.

This translates into a gain of RM486,400 per hectare, which will increase value for its shareholders by 14 sen per share, said Boustead Plantations in a statement on Tuesday.

The sale consideration is 10% or RM39 million higher than the market value of the land of RM390 million accorded by independent valuer C H Williams Talhar & Wong Sdn Bhd. 

Boustead Plantations chief executive officer Zainal Abidin Shariff said the deal is an ideal opportunity for Boustead Plantations to monetise this asset in line with the group’s Reinventing Boustead strategy.

“It is indeed beneficial for the group, as we are able to unlock the asset value and the proceeds will be utilised to pare down borrowings and meet our working capital requirements,” he said.

“The proceeds from the proposed disposal will allow us to strengthen the balance sheet for future growth and manage our gearing by way of paring down borrowings, reducing the group’s gearing ratio from 0.48 times to 0.31 times,” he added. 

Following the repayment of borrowings, the group is expected to save interest cost of about RM15 million per year. 

Boustead Plantations will also strengthen its relationship with SIPP Power by securing a five-year plantation management agency agreement, which will contribute to the former's earnings. 


Now if Bplant was allowed to sell Its Kulai Lands to YTL-POWER why should it deem objectionable if it were to sell 33% shares to highest Bidder KLK for Rm1.55?


What was the rational to stop it at this stage when KLK already bought over 808 Million Bplant shares?

For all answers yet to be revealed we urge all to keep a cool rational mind and please comments with polite inputs


With Sincere regards


Calvin Tan


Please buy or sell after doing your own due diligence or consult your Remisier/Fund Manager


Note: Bplant with Immense And High Value Land Assets termed as :Gold Mine" Lands cannot fall like Serba, MMAG or Gpacket or any other shares without Intrinsic Value or margin of safety


Discussions
1 person likes this. Showing 12 of 12 comments

calvintaneng

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

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

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-04-12-story-h1563301593-PALM_OIL_JEWEL_BPLANT_OR_BOUSTEAD_PLANTATION_5254_BPLANT_HAS_DEEP_VALUE

1 month ago

smartly

ah calvin, tomorrow will limit down ?

1 month ago

calvintaneng

smartly

wait for more clarity only then we will know

1 month ago

smartly

ah calvin, u hold any bplant ? what is your plan just curious ?

1 month ago

calvintaneng

smartly

I have been telling all to switch Bplant to these three

1. Tsh resources
2. Jaya Tiasa
3. Thplant

1 month ago

calvintaneng

bplant short term will be very volatile but since all the deep value assets are still intact over a longer term Bplant will still be very good

1 month ago

JettLeong

Surprisingly Bplant is moving up instead ..

1 month ago

calvintaneng

Plan B in full motion

Bplant will rebound to Rm1.55 and most probably be delisted just like Boustead

1 month ago

cheated

Switch BPlant meaning no more?

Posted by calvintaneng > 17 hours ago | Report Abuse

smartly

I have been telling all to switch Bplant to these three

1. Tsh resources
2. Jaya Tiasa
3. Thplant

1 month ago

calvintaneng

hahaha

still holding some bplant

see how fast LTAT come out with Offer Of Rm1.55

just as it did with Boustead

😄😄😄

1 month ago

calvintaneng

BPLANT: KLK Aborted Purchase: LTAT Took over in Plan B: Now Will There Be A Plan C?, By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-10-20-story-h-216991405-BPLANT_KLK_Aborted_Purchase_LTAT_Took_over_in_Plan_B_Now_Will_There_Be_

0 seconds ago

1 month ago

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