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Author: calvintaneng   |   Latest post: Wed, 15 Sep 2021, 9:01 PM

 

3 EXCELLENT NEWS FOR SARAWAK OIL PALM (SOP) IN ONE DAY, Calvin Tan Research

Author:   |    Publish date:


Hi guys,

3 Good News for SOP today

 

1) FFB (Fresh Fruit Bunch) Harvest Increased

 

SARAWAK OIL PALMS BERHAD

 

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description
We submit herewith the SOPB Group's figures for the month of August 2021

M.TONNES

FFB 109,964
CRUDE PALM OIL 33,297
PALM KERNEL 7,537

 

This month of August 21 FFB is better than July 2021

See below

SARAWAK OIL PALMS BERHAD

 

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description
We submit herewith the SOPB Group's figures for the month of July 2021

M.TONNES

FFB 98,679
CRUDE PALM OIL 29,782
PALM KERNEL 6,210

 

July 21 FFB was 98,679 metric tonnes

August 21 FFB today reported 109,964 Metric Tonnes

An increase of 11,285 metric tonnes

Or up 11.4%

This means that the fear of no fruit harvester is unfounded

THAT IS GOOD INDEED!!

 

2) PURCHASE OF DISCOUNTED LANDS IN KUCHING SWIFTLY PAID

 

SARAWAK OIL PALMS BERHAD

 

Type Announcement
Subject OTHERS
Description
Proposed Land Acquisition and Proposed Share Acquisition from Shin Yang Construction Sdn Bhd, By a Subsidiary of Sarawak Oil Palms Berhad

The terms used herein, unless context otherwise states, shall bear the same meaning as those defined in the Announcement dated 4 June 2021 and 14 June 2021.

We refer to the earlier announcements in relation to the Proposed Acquisition (as defined) issued by SOPB dated 4 June 2021 and 14 June 2021.

On behalf of the Board, we wish to announce that the Proposed Acquisition has been duly completed on 13 September 2021 (“Completion Date”).

This announcement is dated 13 September 2021.

 

LOADED WITH CASH - SOP HAS PAID FOR PRIME LANDS WITH RM14 MILLIONS IN CASH

 

The proposed purchase was mooted on June 4th 2021

The Board of Directors of Sarawak Oil Palms Berhad (“Board” or “SOPB”) wishes to announce that Wawasan Asiamaju Sdn Bhd (“Wawasan” or “Purchaser”), a subsidiary of the Company had on 4 June 2021 entered into a Sale and Purchase Agreement (“SPA”) with Shin Yang Construction Sdn Bhd (“SYCSB” or “Vendor”) to acquire four (4) parcels of land described as Lots 172, 919, 920 and 921 all of Block 233, Kuching North Land District and measuring approximately 9.5827 hectares more or less (“Lands”) in total, for a total cash consideration of RM14,000,000.00 (“Purchase Price”) (“Proposed Land Acquisition”). In consideration of Wawasan entering into the Proposed Land Acquisition with SYCSB, SYCSB has agreed to transfer all its 539,000 ordinary shares in Wawasan to SOP Properties Sdn Bhd (“SOP Properties”) for a consideration of RM449,750.00 in accordance to the SPA (“Proposed Share Acquisition”).

9.5827 hectares of land 6 mile from Kuching Town was sold at Rm14 million

How much psf

So to get acres first  9.5827 x 2.471 = 23.692 acres

Convert acre to Sq ft = 23.692 x 43560

= 1,032,050 sq ft

To get price psf

Divides 14,000,000 by 1,032,050

= Rm13.57 psf

SO THERE YOU ARE

SOP Bought these Lands with Housing Development Potential 6 mile outside Kuching City for Rm13.57 psf

 

Let's see more

6 ½th Mile, Penrissen Road, Kuching
 
Classification/Category for titles
Mixed Zone Land / Suburban Land

 

Located at 6 1/2 miles, Penrissen Road, Kuching

These are Sub Urban Lands Mixed Zone Land

Purpose of purchase

See

2.4 The Proposed Land Acquisition
The planning approval was granted to the Lands and Lot 76 for mixed development comprising the Proposed 10 – 12 Storey (24 Blocks) Commercial cum SOHO & Apartments with Clubhouse Facilities and Podium Carpark (All with Strata Titles) (“Proposed Mixed Development”).
 
IT IS A CONDO PROJECT WITH CLUBHOUSE
 
Now IOI used to do Oil Palm and later ventured into Property. Noteworthy one is the IOI PUCHONG MALL
 
So SOP is also doing housing by extension
 
 
 
 

 

Now see Market Value of lands nearby 

 

1. 57 Acres Land at 12 Miles Penrissen Road Kuching

 

1.57 Acres Land at 12 Miles Penrissen Road Kuching #165820294

 

1.57 Acres Land at 12 Miles Penrissen Road Kuching #111880556

 

1.57 Acres Land at 12 Miles Penrissen Road Kuching #111880559
RM 1,150,000
68387 sqft
RM16.82 psf
 
1. 57 Acres Land At 12 Miles Penrissen Road Kuching
Jalan Puncak Borneo, Kuching, Sarawak
 
 
Ha! Land At 12th Mile Jln Penrissen, Kuching Going At Rm16.82
 
SOP Only Paid Rm13.57 Psf For Lands At 6 1/2 Mile
 
2 Plus Points!
 
Lands Nearer To Kuching City & Cheaper!!
 
Well Done SOP BOD!!

 

 

3) BEST OF ALL TODAY SOP SHARE PRICE CLOSED LOWER AT RM3.62

 

SO WHILE THE PROSPECT OF FFB HARVEST INCREASED

SOP BOD EXCELLENT HARD WORK IN BUYING PRIME ASSETS AT DISCOUNT & THE PRICE OF SOP GETTING EVEN CHEAPER

 

WE BEI TAHAN LEOW!!

 

BEST REGARDS

 

Calvin Tan Research

 

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

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