Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Country Heights Grower Scheme (CHGS), anyone heard before?

views
     
kmarc
post Jan 19 2009, 05:34 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



Hey, I just received my 8% interest (cheque)! rclxms.gif More bullets to buy stocks! laugh.gif

BTW, is it taxable? hmm.gif

This post has been edited by kmarc: Jan 19 2009, 07:53 PM
kmarc
post Jan 20 2009, 02:08 PM

The future is here - Cryptocurrencies!
Group Icon
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.

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.
*
OIC. Thx for the info.

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)
wow so fast get your cheque? hm.. when can i receive it?
*
The cheque was dated 15th Jan 09. You should get your ANG POW soon! biggrin.gif
kmarc
post Jan 21 2009, 11:03 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(truth_seeker_09 @ Jan 21 2009, 08:00 AM)
kmarc: when u bought it?
*
May '08.

You bought any? hmm.gif
kmarc
post Jan 21 2009, 03:58 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(truth_seeker_09 @ Jan 21 2009, 01:59 PM)
seems like we both at the same time? u from kch?
*
Yup! You from Kuching too? If so, we probably bought at the same time during the exhibition! thumbup.gif
kmarc
post Feb 8 2010, 07:34 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



How come I haven't received my ang pow cheque? sad.gif
kmarc
post Feb 12 2010, 05:34 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



Just received my Ang Pow today!!! rclxms.gif
kmarc
post Feb 13 2010, 11:10 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(vexus @ Feb 13 2010, 01:31 AM)
is this scheme safe?

i don't trust lee brother empire.
*
Dunno. Some people say this scheme is risky.

At the moment, investors will get 8% return for the 1st 3 years. After that, nobody knows what the returns will be like....... hope it is not a scam.... sweat.gif
kmarc
post Jan 17 2011, 02:05 PM

The future is here - Cryptocurrencies!
Group Icon
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?
kmarc
post Jan 22 2011, 04:19 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(netcrawler @ Jan 22 2011, 10:24 AM)
No news yet for CHGS. We suppose to get >12% since CPO is staying at all time high now smile.gif
*
Hope so but I won't be expecting much until the actual announcement is made. Wonder when that will be...... hmm.gif
kmarc
post Jan 29 2011, 06:45 PM

The future is here - Cryptocurrencies!
Group Icon
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/
the page was loaded

my agent said it will be 12%
waiting for my cheque so confirm it's 12%
*
So it's confirmed? I think if they give out 12%, definitely will come out in the news..... biggrin.gif
kmarc
post Jan 30 2011, 08:02 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(sheridan @ Jan 30 2011, 02:57 AM)
Hi all,

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.
*
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.

Why I bought it? To diversify my portfolio + happened to bump into their booth during an exhibition. biggrin.gif
kmarc
post Feb 1 2011, 06:57 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(scoop7 @ Feb 1 2011, 04:36 PM)
It's 12%  rclxm9.gif
Already in the papers, today's The Star & China Press.
chinese sos
*
Great! rclxm9.gif rclxms.gif Here's the news in English : http://www.btimes.com.my/Current_News/BTIM...rowers/Article/

The Chinese news article mention that they will TT the money into our bank account? How are they going to do that? hmm.gif

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? hmm.gif

This post has been edited by kmarc: Feb 1 2011, 07:17 PM
kmarc
post Feb 2 2011, 08:13 AM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(scoop7 @ Feb 2 2011, 12:08 AM)
if u r a grower, you should get an email with direct debit form in it. It will deposit by 15 Feb, faster than waiting for the cheque
*
Cool. Thx. Now I'm wondering whether they have my email or not!!!! sweat.gif
kmarc
post Feb 8 2011, 04:12 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(Justmua @ Feb 8 2011, 10:57 AM)
[attachmentid=2032658]

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.
*
Yeah, I received an email and sms from them too. Already submitted my forms, waiting for big ang pow! rclxms.gif
kmarc
post Feb 8 2011, 08:33 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(wodenus @ Feb 8 2011, 06:14 PM)
So is anyone making a net profit from this after so many years?
*
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).
kmarc
post Feb 16 2011, 01:11 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(scoop7 @ Feb 16 2011, 01:03 PM)
My money is in the bank already  rclxm9.gif  rclxm9.gif


Added on February 16, 2011, 1:05 pm
i mean you still can get the older plots from other ppl. these plots are selling <RM10k
*
Nice. Gonna check mine later. Is it 12% or 10%?
kmarc
post Feb 16 2011, 06:29 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(scoop7 @ Feb 16 2011, 05:11 PM)
12% of initial
*
Really? Cool! I thought somebody said it was 12% for 3 quarters only. Can't wait to get my Ang pow!
kmarc
post Feb 17 2011, 11:34 PM

The future is here - Cryptocurrencies!
Group Icon
Elite
14,576 posts

Joined: May 2006
From: Sarawak



QUOTE(F1meteor @ Feb 17 2011, 08:10 PM)
wtf! i haven't get mine yet!
*
Haven't got mine either. Already emailed them my complete form for direct debit. sad.gif
kmarc
post Feb 18 2011, 04:00 PM

The future is here - Cryptocurrencies!
Group Icon
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.


Added on February 18, 2011, 2:55 pm

read http://forum.lowyat.net/index.php?showtopi...post&p=40072090
*
I think I received my dividend already. Not exactly 12% so I called them.

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!! rclxms.gif
kmarc
post Feb 18 2011, 04:24 PM

The future is here - Cryptocurrencies!
Group Icon
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==
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?
*
The best is to call them. Just remember that future performances are unpredictable..... wink.gif

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0410sec    0.45    7 queries    GZIP Disabled
Time is now: 3rd December 2025 - 10:50 AM