EDEN on the look out with previous low key investor entry from Widad and Dataprp

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Will year 2022 be a good time for KLSE equity market? This question is for anybody to guess.

Want to share something that might be of your interest if you are an investor / trader that follow personality investing. Personality investing is a style of investment that follow a person where he had some good touch where stock can be moving up in aggressive formation after a while.

EDEN INC BERHAD (EDEN - 7471) could be a good candidate with a key touch of entry from Dato Wee Cheng Kwan.

Dato Wee Cheng Kwan entry into Eden at RM 0.12 for a stake of 8.25% is through private placement. The transaction is done on 24th Nov 2021.

To recap, EDEN is a company that is dealing with utilities (electric provider in Sabah) and also F&B business in Langkawi. However, the prime asset that EDEN is sitting on is the lucrative big industrial land in Pahang, which is near to Kuantan Port.

Partial of the land is being sold back to the government for the building of ECRL track which will cross through Pahang.

If EDEN is successful in monetizing the land asset through asset disposal, or joint venture from foreign MNC to build and operate factory, that will see EDEN making a windfall cash from the process.

So who is Dato Wee Cheng Kwan ? How is his past track record on his magical touch of hand?

Following is the info on Dato Wee Cheng Kwan shareholding in the past.

Save except for PRG Bhd where Dato Wee Cheng Kwan is a managing director, his entry into Widad and Dataprp do had magical touch.

Example for Widad, his shareholding in 2019, not long after, share price can see going more than triple from RM0.25 to RM 0.80.

As for Dataprp, this is needless to say. The share which is price less than RM 0.20 had went above RM 4.00 in 2021.

Now with the entry of EDEN at an all time low of RM 0.12, where can we see the landing of EDEN in the next 6 months? Currently, the technical chart would suggest that EDEN is already touching resistant line and might be ready for break out run above.

Can the magical touch from Dato Wee Cheng Kwan come again on EDEN ? Will EDEN be flying high like Widad to 80 cents or like Dataprp to RM 4.00 ? That is for anybody guess for now.

IMPORTANT NOTICE

Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.

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What should you do to a share that is potentially RM 1.00 but now below 20 cents?

Dear Investor and Trader alike,

Sometimes, when things appear to be too good to be true, most of the people will tend to take a conservative approach, but there are still people that are willing to take the front risk and plunge their money and invest into it.

There are no right and wrong in such situation, because investment comes along with risk. But a lot of time, the too good to be true investment done with the right study and right research will bear good return when things start to get inline and things develop accordingly.

Let's say, now I am telling you EDEN is too good to be true, will you want to believe?

A share trading below RM 0.20 now, but with NTA at RM 0.77, but in fact the land asset can be holding up to more than RM 1.00 per share at the current market price.

So actually, what is there to consider more?

I had been talking and promoting on EDEN since it is 14 cents.

Now it is 17 cents, which I think there is still plenty of room since we are talking about RM 1.00 here backed with land asset that is of strategic location, near to Kuantan Port, and also upcoming ECRL.

This is a no play play issue because Land is a commodity, and it is strategic because the location is there, and this cannot be moved as you like because other infrastructure already in place, and that is the reason making the specific land to be strategic.

Look again, 450 acre of land at Gebeng Industrial area, which is near to Kuantan Port.

The recent transaction involving a 1.7 acre land is sold at RM 22 per square feet.

If put into EDEN land, at RM 22 per square feet is equal to RM 432 million
(calculation is 450.74 acre x 43560 x RM 22 psf)


This Kuantan Port will not be an ordinary port, because this port will be a very important port that will replace a lot of shipping activities that will be going pass Singapore. Technically, this area will be very sought after by international player, eyeing to have a piece of profit in this area.

Many ship will stop at Kuantan Port, unload the container, and load into ECRL cargo train, go to Port Klang, and continue their journey. This will save cost, save time and also make Malaysia have more revenue.

Now Alliance Steel already invested in Gebeng area. The MCKIP already attracted multi billion investment. All these investment will require huge factory to be set up, and that will involved purchasing of land and such.

Since EDEN have 450 acre of land, some land will be acquire by ECRL, some land will be sold to 3rd parties foreign investor, or local business that are going to set up factory near to Kuantan Port.

EDEN now is RM 0.17
Potential is RM 1.00

If you give 50% discount on RM 1.00, there is still RM 0.50. But the NTA is RM 0.77, so that is no kidding issue also.

Eden land absurdly undervalued at RM 165million

Today need to continue to talk deeper about Eden Inc Berhad.

Since we know that Eden only biggest trophy is about the strategic big piece of land near Kuantan Port, which is very crucial and good for port storage usage, and also very critical for ECRL, that is the main point about it all.

Today, I will only talk about the land, the 450 acre of land at Gebeng Industrial Land that Eden is holding on.

As you can see, according to the annual report, the land is 450.74 acre in size, and carrying a book value of RM 165 million (RM 164.9 million if you want to be exact)


Yes, this is a big plot of land acquire some time ago, and the main question here is - Is the land value at RM 165 million reflecting the market value as of today condition ? Taking into consideration the place will get better with port development (Kuantan Port to be more busy + ECRL development), making the place more in demand in the future.


So, let us do some research on the public.

So, Malaysia 1st popular real estate website - iProperty.com.my reveal that there is only 1 piece of land for sale at Gebeng
RM 18 million for 10 acre, but this is just the asking price. Of course, owner have the right to ask any price they want.

Is based on RM 18 million for 10 acre, then Eden 450 acre will be worth

RM 18 million x 45 = RM 810 million

Wow!!! Very huge amount there compared to the annual report of RM 165 million. Big difference of RM 654 million. But again, RM 18 million is the asking price.

Now, we need to go to some transacted price to determine the clearer price that is in demand.

So, we will go to brickz.my to see the transacted price that is recorded in the land office.

According to Brickz.my , the price of the land is around RM 22 per square feet. This is much reasonable price and also transacted price that reflect the demand can reach RM 22 per square feet.

So now we put into calculation at RM 22 psf, what is the 450.74 acre worth.

450.74 acre x 43560 = 19,634,234 sf

19,634,234 sf x RM 22 = RM 432 million (431,953,156.8)

So, it is RM 432 million, which is a very handsome price tag. Approximately 50% down from the asking price in iProperty.com.my

Now, looking back at annual report, the land is RM 165 million, which based on market value is RM 432 million. This is a difference of RM 267 million.

If RM 432 million / 392 million share
Eden share price will be worth RM 1.10 if all land sold

Now Eden share price only RM 0.17

So if you are looking at the prize land which can bring Eden to RM 1.10, and current price RM 0.17, this is a very valuable investment considering the land is
1. Near Kuantan Port
2. Near ECRL
3. ECRL will be buying some land from Eden

Eden can be riding high with ECRL back on track

Dear investor trader and reader,

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.