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East West Assures EWOPS Could Meet Financial Projections
calendar04-02-2013 | linkBernama | Share This Post:

04/02/2013 (Bernama) - East West One Consortium Bhd has assured that The East West One Planter's Scheme (EWOPS) is capable of meeting all its financial projections stipulated in its prospectus.

Its Chief Executive Officer, Datuk Dr Jessie Tang, said there was no investment pitfalls as EWOPS was not a get-rich-quick scheme.

"Despite obvious volatility in crude palm oil (CPO) pricing, the oil palm industry is highly sustainable and is poised to provide more than adequate returns in the medium- to longer-term.

"No doubt palm oil prices have been fluctuating over the past 50 years or so but it would nevertheless point to an upward trend that reflects an increase in the global population with corresponding demand for food consumables, including palm oil," she said in a statement.

A fixed short-term investment scheme, EWOPS is different from other competing grower schemes in that it boasts of an investment period of between six and eight years with guaranteed monthly returns paid every quarterly with a full capital pay back at the end of the investment period.

Since its launch in September 2011, investors in EWOPS have been warming up to the scheme given its ability to attract high investor confidence and commendable take-up rate.

Tang said it was obvious that the "Sabah factor" would work favourably for EWOPS.

"Sabah has the vastness of land for a steady plantation sector. The agronomic factors in Sabah, in particular, good soil with volcanic qualities, good terrain and year-round rainfall, are most suitable for oil palm cultivation.

"Moreover, the fact that our planted areas are not subject to wild animal invasion and manpower shortage issue will enable us to achieve maximum yield," she added.

Today, 30 per cent of Malaysia's total oil palm plantations of about 5 million hectares are located in Sabah and the hectarage is growing.