any agent from CHGS here?

My technique is simple, lower price than current price list on the board (i.e. the current board sell RM6500 for RM5K slot, you sell RM6400). After 5% charge + RM100 trf fee, you still earn money.

If you sell your unit through agent, all agent require you to sell as principle (i.e. your slot is RM5000, you shd sell at the price), somemore the agent need to charge you on RM5K which means you have loss on selling slot.

My opinion is,
If you need money urgently, you sell through agent or sell back to CHGS.
Otherwise, just use my technique will be good enough.

i am considering to sell off mine, any agent here?

I think investors should look into the concerns before investing in CHGS

1) The CPO operation cost is about RM 1200/ tonnes at this moment, up from about RM 800/ tonnes less than 5 years ago. Assume CPO price is RM 1200 a tonne, the company is paying 2% return. (let's ignore FFB production bonus) The operation cost is expected to increase and maybe 10 years down the road, it will go up to RM 2100/ tonne. Assume the CPO price is RM 2100/ tonne, is the company able to pay 12% return to investors when the cost alone is RM 2100/ tonne? Where the money comes from?

What I am trying to tell here is that the CPO payment chart doesn't work because it does not factor in inflation.

2) Did the prospectus spell out how the land to be sold after 23 years? If the real estate market is not doing well that time, are they going to hold? How long it takes to sell the land? And more important how soon can the investors get back their money!

3) The company said the return is guaranteed. Is it back by assets? If not, it is merely verbal guarantee. And mine you it is a private limited company

4) The boss is a very prominent businessman in Malaysia. If the plan is so good, do you think the public has the chance to invest in? Why not keep to himself or sell to his rich friends. It is easier to sell to his friends who can invest hige amount rather than having to manage so many retail investors.

5) If the plan is so profitable and safe, why not CHGS raise capital through debt which has lower cost of capital?

6) CPO has gone beyond RM 4700/ tonne and yet the plots were not fully suscribed yet. The total investment available for sale is less than RM 400 millions. It is coming to 3 years and the plots are still not fully suscribed. Few billion units of ASM and ASW 2020 which seems to have lower return were snatched up by Chinese investors within hours! Investors lack confidence is the scheme.

7) Since the company thinks the scheme is so profitable/ certain (the slogan is Invest in Certainty), why not the company offers guaranteed buy-back after the trees start to yield?

8) There were 18,000 oil palms damaged by wild elephants at Gua Musang in April 2009, causing massive loss to a company. Have sufficient measures being taken to mitigate this risk?

9) Track record of the boss Lee and Country Height Group is not so convincing. Look at the winding up of Min Hotel, Lake Front Business Centre owning local authorities up to million of assessment fee (it was reported in year 2006), check with the buyers of college height, Pajam and see whether they are happy with the company, if you happened to visit Mines Wonderland, you will be appalled how the ice sculpture look like, poor customer service, delay in payment etc...

10) The investment is very illiquid. Once the company cannot fulfill his payment, investors will rush to sell the plots... Do you think you can sell then?

Thanks for great summary!

wow, nice one. will golden palm face the same problem?

Can somebody read the new prospectus and tell us noobs what's happening?

http://www.chgs.com.my/eprospectus.asp

Looks like the elephant problem is still there although reportedly under control......

Hi Can anyone please enlighten me,a i just now try to browse through
the Golden Palm it mentioned that the account is suspended .
What doed it mean ?
Does it mean only the internet account suspended or the entire company suspended ?

Worry ?
Tomoro must call up the office and check it out ?

Have you try to use google search?

still can invest?

i think they maintenance is it?

invest on? i believe chgs has already ended, golden palm maybe

What do you mean CHGS has already ended?

I think he meant that all the plots are already sold.....

sorry for the confusion, i mean the CHGS units are sold out......
hehe

i think i lost the certificates
couldn't find it anywhere

Call CHGS administor, they may able to reprint with their record, but of course there will be some charges.

any investment similar to this? interested tho ... how much per lot now?

Check this link: http://www.chgs.com.my/etrading/chgs/index...i1aRL2UVjCoeQ== or call them for agent, you may get cheaper price per slot.

has anyone here been to CHGS office before. side question

there's two investment which is similar to CHGS

1. golden palm grower scheme - palm oil
http://goldenpalm.com.my/en/index.html
2. swiftlet eco park berhad - swiftlet ranching
www.swiftletecopark.com.my

both of this are legalized and approved by SSM and they have a trustee