Now the ECRL theme is very strong because Tun Mahathir is going to visit China this month April. One of the thing is to discuss about ECRL which many would say will continue at a correct price tag after negotiation. For me, I think the negotiation already done, and Tun Mahathir could be going there to do signing of papers only.
That is one reason why ECRL contractor like GBGAQRS share's keep going up.
Now many don't know about a hidden beneficiaries for the ECRL development. This beneficiaries is actually EDEN.
Many thing EDEN is actually food operator in Langkawi, and also owned some diesel energy generator at Kelantan, but actually the main prize asset of EDEN is a big plot of land as big as Bandar Malaysia size near Kuantan Port.
As you can see, 450 acres, worth RM 165 million in value of land at Gebeng, Sungai Karang.
So i do a google map checking where is Sungai Karang area. The red color line highlighted by Google Map is Mukim Sungai Karang
So where is Gebeng ?
So these area the area label as Gebeng. And according to the land plot of industrial land, I think the industrial land is along the coast line.
As you know, ECRL is divided into 2 phase
- Phase 1: Kota Bharu – Kuala Terengganu – Kuantan – Bentong – ITT Gombak
- Phase 2: Gombak North – Serendah – Port Klang and Kota Bharu – Pengkalan Kubor
Although Eden now is losing money, but the NTA is RM 0.77.
If the land is sold, acquire for rail construction or international party buy for development of Port for storage, that will be a good windfall for Eden.
How good is the windfall
RM 165 million / 393 million shares = RM 0.42 per share in land sell gain
So now Eden is only 14.5 cents.
Very good chance to buy and accumulate for low, since Eden is also government friendly, so good chance to see this company having a revival.
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