BTW, is it taxable?
This post has been edited by kmarc: Jan 19 2009, 07:53 PM
Country Heights Grower Scheme (CHGS), anyone heard before?
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Jan 19 2009, 05:34 PM
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#1
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
Hey, I just received my 8% interest (cheque)!
BTW, is it taxable? This post has been edited by kmarc: Jan 19 2009, 07:53 PM |
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Jan 20 2009, 02:08 PM
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(DannyOP @ Jan 20 2009, 09:53 AM) congrats, yes we announced it on the papers that the interest should be received by CNY. OIC. Thx for the info.The interest = personal income. By right it is taxable if your personal income is within the taxable rate. However just like any cash income, it is totally up to you to declare. To potential investors, looking the current economic situation prices for palm oil is still within the profit range. Those looking for guaranteed capital + good dividend returns for the long term ranging 8-17% (+ 500% or more on land appreciation over the tenure), CHGS is showing that it is strong even during recession. Yeah, wished I had invested more. Bought in at RM6,500 per plot (1/4 acre)..... what's the current price, BTW? QUOTE(truth_seeker_09 @ Jan 20 2009, 01:59 PM) The cheque was dated 15th Jan 09. You should get your ANG POW soon! |
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Jan 21 2009, 11:03 AM
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#3
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Jan 21 2009, 03:58 PM
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#4
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 8 2010, 07:34 PM
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#5
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
How come I haven't received my
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Feb 12 2010, 05:34 PM
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#6
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
Just received my Ang Pow today!!!
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Feb 13 2010, 11:10 AM
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#7
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Jan 17 2011, 02:05 PM
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#8
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
This year (Feb 2011) is supposed to be the year they distribute the dividends based on profits right?
Anybody has any news on this? |
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Jan 22 2011, 04:19 PM
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#9
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Jan 29 2011, 06:45 PM
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#10
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(F1meteor @ Jan 28 2011, 01:35 PM) i just tried accessing http://www.chgs.com.my/ So it's confirmed? I think if they give out 12%, definitely will come out in the news..... the page was loaded my agent said it will be 12% waiting for my cheque so confirm it's 12% |
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Jan 30 2011, 08:02 AM
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#11
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(sheridan @ Jan 30 2011, 02:57 AM) Hi all, For CGHS, the dividend for the first 3 years is 8% as no money is generated (basically from our own money!). This year is the 4th year and CHGS is supposed to give out dividends based on the average CPO price + production. So, in terms of dividends, we are not too sure how CHGS is going to perform yet and we are still waiting for our first "real" dividend. My name is Sheridan Mahavera and I am a journalist with the news portal The Malaysian Insider. www.themalaysianinsider.com. I am doing a story on oil palm-based farm-sharing schemes like CHGS since they are gaining popularity. The latest scheme is called Golden Palm Growers. I was wondering if any of you are willing to share your experience investing in the scheme for my article. Are the dividends good? Are getting value for your money? What persuaded you to put your money in here as opposed to unit trusts and stocks? I'd really like to hear from those who have invested and CHGS agents. I am willing to grant anonymity to those who want it. If you’re interested, write to me at sheridan@themalaysianinsider.net. I’m not after your money. Just a bit of your time and your opinions. Thanks and I hope to hear from you soon, Happy Lunar New Year Sheridan P.S - go to the Malaysianinsider website and enter my name in the search field to read my past articles. Why I bought it? To diversify my portfolio + happened to bump into their booth during an exhibition. |
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Feb 1 2011, 06:57 PM
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#12
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(scoop7 @ Feb 1 2011, 04:36 PM) Great! The Chinese news article mention that they will TT the money into our bank account? How are they going to do that? Should we worry about the last part of the article? QUOTE "We started planting the seedlings in 2006. The trees are still young. So far, the dividends paid out to the scheme investors are sourced from income generated at a 480ha oil palm plantation in Lahad Datu, also owned by Bee Garden Holdings," he said. Did he mean the first 3 years fixed dividend or including the 4th year based on profits? If it includes the 4th year, that means there is no profit yet from the Gua Musang plantation? This post has been edited by kmarc: Feb 1 2011, 07:17 PM |
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Feb 2 2011, 08:13 AM
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#13
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 8 2011, 04:12 PM
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#14
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(Justmua @ Feb 8 2011, 10:57 AM) [attachmentid=2032658] Yeah, I received an email and sms from them too. Already submitted my forms, waiting for big ang pow! Received a CHGS eNett Yield Form in PDF format this morning. Anyone wishing to register for direct crediting into your bank must filled up this form. I attach the file for your convenience. |
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Feb 8 2011, 08:33 PM
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#15
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(wodenus @ Feb 8 2011, 06:14 PM) Wodenus, it is too soon to tell. This is only the 4th completed year where the first 3 years was 8% while year 4 (year 2010) is the year profits are distributed (i.e. 12%). For me, I only bought during the 2nd year and so far only got 8% + 8% + 12% (although somebody did mention the harvest started in April). |
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Feb 16 2011, 01:11 PM
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#16
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 16 2011, 06:29 PM
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 17 2011, 11:34 PM
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#18
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 18 2011, 04:00 PM
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#19
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(scoop7 @ Feb 18 2011, 02:54 PM) i think for 15 Feb deposit you have to do it before CNY. I think I received my dividend already. Not exactly 12% so I called them.Added on February 18, 2011, 2:55 pm read http://forum.lowyat.net/index.php?showtopi...post&p=40072090 This is the calculation: 1 Jan - 5 March = 8% 6 March - 31 Dec = 12% Minus 0.1% management fees From my calculations, I received about 11.2% in dividends. Yippeee!! |
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Feb 18 2011, 04:24 PM
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#20
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(bookstore @ Feb 18 2011, 04:16 PM) http://www.chgs.com.my/etrading/chgs/index...i1aRL2UVjCoeQ== The best is to call them. Just remember that future performances are unpredictable..... What make them different? Online trading & Buying Pending All these in the listing are sold by individual? Where I buy from them, and it transfer to me? |
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