Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sun, 22 Sep 2019, 9:18 PM

 

CARIMIN VERSUS DAYANG: Both Oil & Gas Service Provider(Compare and Contrast Similarities & Differences) Calvin Tan Research

Author:   |    Publish date:


Dear Friends of i3 Forum

 

On January 26th 2018 I called for a buy on Carimin at 39 sen

See

HighlightsExtended trade settlement of up to T+7. Check out the M+ T+7 Contra account. "Expand your profit opportunity."
1
 

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sun, 10 Feb 2019, 12:14 AM   |  >> Go to Blog Dashboard

  

TOP 10 REASONS WHY CARIMIN PETROLEUM IS NOW A STRONG BUY (Calvin Tan Research)

Author:   |    Publish date: 

Fri, 26 Jan 2018, 11:41 AM 

 

TOP 10 REASONS FOR BUYING CARIMIN PETROLEUM

 

1) AT 39 SEN CARIMIN HAS FALLEN BY 65% FROM ITS RM1.10 IPO PRICE.

BUYING CARIMIN NOW IS BUYING AT HUGE DISCOUNT TO IPO PRICE.

 

2) MARGIN OF SAFETY

At 39 sen with NTA of 67 Sen Carimin is selling at a nice Discount of 42%. This meets Ben Graham criteria of 30% Discount To NTA as a Margin of Safety.

 

Today is February 10th 2019. So in another 16 days it will be my 1st Anniversay buy call for Carimin

 

The current price for Carimin is up over 100% at 87.5 sen due to renewed frenzied interest in Oil & Gas Counters turnaround

 

Now I hope all i3 Forumers will trade carefully & not get carried away. 

I have picked this Topic: Carimin Versus Dayang to compare their current prices & prospects

 

1) BOTH CARIMIN & DAYANG ARE IN THE SAME INDUSTRY. SO THE TURNAROUND IN CARIMIN FORTUNE IS ALSO REFLECTED IN DAYANG'S QUARTERLY REPORT

 

 

See Carimin table of contents

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
84,087
24,734
84,087
24,734
2 Profit/(loss) before tax
11,643
-72
11,643
-72
3 Profit/(loss) for the period
11,529
-183
11,529
-183
4 Profit/(loss) attributable to ordinary equity holders of the parent
11,716 (13.8% profit)
-277
11,716
-277
5 Basic earnings/(loss) per share (Subunit)
5.01
-0.12
5.01
-0.12
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
0.6207
0.5706
 

 

 

Below is the Qtr report of Dayang

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
281,933
212,803
651,993
521,730
2 Profit/(loss) before tax
67,736
14,804
88,791
-57,547
3 Profit/(loss) for the period
51,335
747
46,727
-92,508
4 Profit/(loss) attributable to ordinary equity holders of the parent
48,754 (17.3% profit)
1,122
66,498
-89,681
5 Basic earnings/(loss) per share (Subunit)
5.05
0.12
6.89
-9.67
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0700
0.9900
 

 

 

Now Let's Compare & Contrast

 

1) Carimin was 39 sen on 26 January 2018 & Dayang was 83 sen on that day

Currently Carimin is 87.5 sen while Dayang is only 68 sen

 

2) Carimin made 5.01 sen while Dayang made 5.05 sen. Both nearly the same good profit turnaround

 

3) In percentage Carimin made 13.8% while Dayang made 17.3%. Dayang is winner here!

 

4) Carimin is 87.5 sen with NAV of 62.07 Sen while Dayang is 68 sen with NAV of Rm1.07

Ben Graham requires 30% discount to NTA. So Dayang at 68 sen with NTA of Rm1.07 still got margin of safety (37%  Discount. Dayang wins again!

 

5) Let's go into the Top 30 shareholders of Carimin & Dayang

 

CARIMIN (Refer to AR)

THIRTY LARGEST SECURITIES ACCOUNT HOLDERS AS AT 28 SEPTEMBER 2018 (without aggregating the securities from different securities accounts belonging to the same registered holder) No Name No. of Shares held %

1 Mokhtar Bin Hashim 58,870,234 25.17

2 AMSEC Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for AmBank (M) Berhad for Cipta Pantas Sdn. Bhd.) 40,710,128 17.41

3 Alliancegroup Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Platinum Castle Sdn. Bhd.) 15,000,000 6.41

4 Maybank Nominees (Tempatan) Sdn. Bhd. (Maybank Private Wealth Management for Gan Hai Toh) 8,600,000 3.68

5 Emas Kiara Marketing Sdn. Bhd. 8,300,000 3.55

6 Tan Sri Dato’ Kamaruzzaman Bin Shariff 8,000,000 3.42

7 AMSEC Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for AmBank (M) Berhad for Lim Yew Hoe) 6,078,000 2.60

8 Shatar Bin Abdul Hamid 6,039,638 2.58

9 Maybank Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Gan Hai Toh) 5,216,000 2.23

10 Intan Kuala Lumpur Sdn. Bhd. 4,727,000 2.02

11 Maybank Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Shatar Bin Abdul Hamid) 3,078,500 

12 Platinum Castle Sdn. Bhd. 2,000,000 0.86 

13 Muhammad Hatta Bin Noah 1,593,100 0.68

14 Wong Wei Choy 1,520,000 0.65

15 Maybank Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Shaharool Nizam Bin Mohd Kassim) 1,380,200 0.59

16 Maybank Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Che Nor Rubiah Binti Md Nawi) 1,369,900 0.59

17 Lee Choon Boey 1,021,900 0.44

18 Kenanga Nominees (Tempatan) Sdn. Bhd. (Rakuten Trade Sdn. Bhd. for Er Soon Puay) 1,000,000 0.43

19 Lee Chee Hong 1,000,000 0.43

20 Maybank Nominees (Tempatan) Sdn. Bhd. (Maybank Private Wealth Management for Lim Yew Hoe) 1,000,000

21 Tai Hooi Kheng 1,000,000 0.43

22 Alliancegroup Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Piong Yon Wee) 914,300 0.39

23 Poh Pek Boon 900,000 0.38

24 Lee Man Fah 750,000 0.32

25 Teo Chin Siong 745,500 0.32

26 Denis Sia Hook Hua 706,000 0.30

27 Kok Siew Leng 600,000 0.26

28 CIMSEC Nominees (Tempatan) Sdn. Bhd. (CIMB Bank for Tan Chong Wah) 549,000 0.23

29 Tang Chooi Lean 530,000 0.23

30 Yap Cho Leung 520,000

 

Top holder of Carimin is 

1 Mokhtar Bin Hashim with 58.870 million shares of Carimin at 25.17%

2 more are Cipta Pantas & Platinum Castle Sdn Bhd

Many are individual holders.

 

Let's go to Dayang now

. TOP THIRTY SHAREHOLDERS (Without aggregating securities from different securities accounts belonging to the same Registered Holder) No Name No of shares held %

1. CIMSEC Nominees (Tempatan) Sdn Bhd  CIMB for Naim Holdings Berhad (PB) 131,921,952 13.67

2. Kumpulan Wang Persaraan (Diperbadankan) 110,086,300 11.41

3. Naim Holdings Berhad 82,500,000 8.55

4. Lembaga Tabung Haji 76,367,600 7.92

5. Tengku Dato’ Yusof Bin Tengku Ahmad Shahruddin 65,916,675 6.83

6. Datuk Ling Suk Kiong 44,349,130 4.60

7. Naim Holdings Berhad 40,500,000 4.20

8. Vogue Empire Sdn Bhd 32,718,187 3.39

9. Kenanga Nominees (Tempatan) Sdn Bhd 28,900,000 2.99 Datuk Ling Suk Kiong

10. Vogue Empire Sdn Bhd 28,500,000 2.95

11. Kenanga Nominees (Tempatan) Sdn Bhd 21,073,200 2.18 Joe Ling Siew Loung @ Lin Shou Long

12. Joe Ling Siew Loung @ Lin Shou Long 17,812,500 1.85

13. Lembaga Tabung Angkatan Tentera 13,192,250 1.37

14. Malaysia Nominees (Tempatan) Sendirian Berhad 10,754,300 1.12 Great Eastern Life Assurance (Malaysia) Berhad (LSF)

15. Malaysia Nominees (Tempatan) Sendirian Berhad 9,400,000 0.97 Great Eastern Life Assurance (Malaysia) Berhad (LPF)

16 Malaysia Nominees (Tempatan) Sendirian Berhad 9,084,000 0.94 Great Eastern Life Assurance (Malaysia) Berhad (LEEF)

17. Cartaban Nominees (Tempatan) Sdn Bhd 6,092,000 0.63 RHB Trustees Berhad For Manulife Investment Shariah Progress Fund

18. Citigroup Nominees (Tempatan) Sdn Bhd 5,747,300 0.60 Kumpulan Wang Persaraan (Diperbadankan) (I-VACP)

19. Malaysia Nominees (Tempatan) Sendirian Berhad 4,012,200 0.42 Great Eastern Life Assurance (Malaysia) Berhad (DR)

20. Citigroup Nominees (Tempatan) Sdn Bhd 3,484,700 0.36 Kumpulan Wang Persaraan (Diperbadankan) (AFFIN HWANG SM CF)

21. CIMB Group Nominees (Tempatan) Sdn Bhd 3,391,300 0.35 Exempt An For Petroliam Nasional Berhad (AFFIN)

22. CIMSEC Nominees (Tempatan) Sdn Bhd 3,300,000 0.34 CIMB Bank For Tan Boon Ping (M51034)

23. Maybank Nominees (Tempatan) Sdn Bhd 3,169,100 0.33 Exempt An For Maybank Islamic Asset Management Sdn Bhd (Resident) (475391)

24. Burhanuddin Bin Md Radzi 3,095,280 0.32

25. Malaysia Nominees (Tempatan) Sendirian Berhad 3,036,500 0.31 Great Eastern Life Assurance (Malaysia) Berhad (PAR 1)

26. Cheng Ah Teck @ Cheng Yik Lai 3,000,000 0.31

27. Amanahraya Trustees Berhad (AFFIN Hwang Growth Fund) 2,964,300 0.31

28. Maybank Nominees (Tempatan) Sdn Bhd 2, 870,000 0.30 Maybank Trustees Berhad for RHB Capital Fund

29. Joe Ling Siew Loung @ Lin Shou Long 2,578,125 0.27

30. Citigroup Nominees (Tempatan) Sdn Bhd 2,500,000 0.26 Kumpulan Wang Persaraan (Diperbadankan) (Amundi SC EQ)

 

This one looks interesting

 

NAIM is Top holder in slot 1, 3 & 7 with 25.492 millions Dayang shares at 26.35%

At 68 sen that means NAIM has Rm173.3 Millions in Dayang

 

Great Eastern Life also in top 14, 15, 16, 19 & 25th positions

 

Others are Manulife, Rhb Capital Fund, AFFIN Hwang Growth Fund, Maybank Islamic Asset Management, Kumpulan Wang Pasaran (Whoa! So many Insurance Cos & Unit Trust Funds depend on Dayang.)

 

See this one

 

21. CIMB Group Nominees (Tempatan) Sdn Bhd 3,391,300 0.35 Exempt An For Petroliam Nasional Berhad (AFFIN)

WAHAHA!! PETRONAS (PNB) IS ALSO INSIDE DAYANG TOP 30

 

 

Why Is Calvin so bullish in O&G Counters?

 

Answer:

 

Coming Up Next

 

THE COMPLETION OF PENGERANG'S RAPID WILL CAUSE A BULL RUN IN CERTAIN O&G SUPPORTING STOCKS

Stay tuned....

 

BEST REGARDS

 

Calvin Tan Research

 

See this Qtr Result of Naim again

 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
178,760
53,654
438,949
260,950
2 Profit/(loss) before tax
33,865
-86,065
31,128
-118,094
3 Profit/(loss) for the period
30,530
-94,828
24,505
-130,385
4 Profit/(loss) attributable to ordinary equity holders of the parent
30,323 (17% profit)% 
-95,014
23,398
-130,949
5 Basic earnings/(loss) per share (Subunit)
12.80
-40.10
9.87
-55.27
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
4.2800
4.1800
 

 

SEE AGAIN

NAIM HAS ALMOST 17% NET PROFIT

HIGHEST EPS OF 12.8 SEN COMPARED TO CARIMIN AND DAYANG COMBINED (5.01 & 5.05 = 10.06 SEN)

AND BIGGEST PRICE TO ASSET DISCOUNT

Some time ago WHEN NAIM WAS TRADED AT RM1.60 DAYANG WAS RM1.00

NOW DAYANG IS 68 SEN WHILE NAIM IS 61.5 SEN

QUESTION NOW IS WHAT WILL NAIM SHARE PRICE BE IF BOTH CARIMIN & DAYANG CONTINUE TO SURGE IN PRICES??

 

 

 

 

 

 

 

 

 

 

 

Share this
Labels: CARIMIN, DAYANG

Related Stocks

Chart Stock Name Last Change Volume 
CARIMIN 1.05 -0.02 (1.87%) 3,935,700 
DAYANG 1.60 +0.02 (1.27%) 10,337,100 

  3 people like this.
 
probability oh no...calvin did it again!
10/02/2019 9:48 PM
speakup https://www.freemalaysiatoday.com/category/nation/2019/02/10/asias-top-tower-runner-sour-after-putrajayas-lack-of-recognition/
PH bloody farking racist! A champion is sidelined because of his race! WTF!!!!
10/02/2019 9:52 PM
calvintaneng Naim is actually 3 in One

1. Construction
2. Property
3. Oil and Gas

Plus one more in progress:

THE Pan Borneo highway that will lift up Naim' s prime landbanks value in Kuching, Bintulu and Miri
10/02/2019 10:34 PM
John Lu This round I same boat with Calvin in Dayang and Naim.
10/02/2019 10:37 PM
calvintaneng Welcome Koon Bee
Gong Xi fa cai
10/02/2019 10:39 PM
John Lu Calvin Kong Hei Fatt Choy
10/02/2019 10:42 PM
cheoky Huat ar
10/02/2019 10:45 PM
Nicholasming91 Both naim and dayang goreng just started , second round coming , just like carimin.
10/02/2019 11:08 PM
John Lu Dayang minimal 1.50. i just calculated
10/02/2019 11:10 PM
mbs7633 I'm behind Ooi Teik Bee and Koon Bee in stock pick. I think Dayang should RM1.80.
10/02/2019 11:19 PM
John Lu Tsunami rank 3rd now 2019 stock pick?
10/02/2019 11:20 PM
mbs7633 Yup, year to date.
10/02/2019 11:26 PM
John Lu Good job
10/02/2019 11:36 PM
qqq3 calvin...why do u want to buy a share under Corporate Recovery ( equivalent to Chapter 11 bankruptcy of US?

Dayang has current assets of $ 500m, current liabilities of $ 1300 million...not easy to handle......what will be the final solution?
11/02/2019 12:00 AM
calvintaneng Posted by qqq3 > Feb 11, 2019 12:00 AM | Report Abuse

calvin...why do u want to buy a share under Corporate Recovery ( equivalent to Chapter 11 bankruptcy of US?

Dayang has current assets of $ 500m, current liabilities of $ 1300 million...not easy to handle......what will be the final solution?

Yawn, I am going to sleep already and this quack accountant posed this dumb question

Go read up Dayang balance sheet

It has PPE of Rm1.4 BILLIONS while Carimin has only Rm116 millions PPE

So Dayang can play in International waters all over the world wherever Petronas has a presence while Carimin can only service locally

So don't be like 3iii with myopic tunnel vision only and cannot see the bigger picture

So current assets backed by current operating fleet of O&G supporting vessels equal almost Rm2 BILLIONS

See

http://www.desb.net/


One more thing

I quote "calvin...why do u want to buy a share under Corporate Recovery"

Why you so stupid to assume I buy dayang?

I got no dayang BUT I & MY BUDDIES BOUGHT LOTS OF NAIM SHARES!

Naim was Rm1.60 when Dayang was Rm1.00

Now Naim at 61.5 sen has fallen below dayang at 68 sen

TO CALVIN & BUDDIES BUYING NAIM IS A NO BRAINER!!
11/02/2019 12:41 AM
John Lu Calvin, good one!! Thumbs up
11/02/2019 12:46 AM
qqq3 calvin....many companies went bankrupt before because they were not able to pay their debts as they fall due.....


Dayang has current assets of $ 500m, current liabilities of $ 1300 million...not easy to handle......what will be the final solution?
11/02/2019 12:46 AM
qqq3 corporate Recovery to be administered by BNM is a temporary relief...not a permanent solution.....
11/02/2019 12:48 AM
stockmanmy for dayang.......calvin just point out the + side....which is 10 sen EPS after 6 months......but surely, there must be a reason the share is traded at suck low levels......this, calvin didn't know/ didn't tell u or he ignorant?
11/02/2019 12:57 AM
Orlando Naim drops so much is due to its relation wit Mahmud Taib d notorious ex Sarawak CM who is facing d possibility of MACC investigation

Better stick wit Dayang or Hibiscus n avoid Naim like a plague
11/02/2019 7:53 AM
calvintaneng Politics?
See Tun Dr M

https://www.thestar.com.my/news/nation/2018/05/11/report-of-dr-m-taib-meeting-sparks-speculation-about-shift-in-sarawak/
11/02/2019 8:13 AM
Orlando Posted by OrlandoOIL > Feb 11, 2019 08:19 AM | Report Abuse X

PH trying to collect taxes fr even small traders but not going after big fish like Mahmud Taid wil result in it losing GE15 

Mahmud Taid wil b investigated no doubt

 
OrlandoOIL 
2169 posts

 Posted by OrlandoOIL > Feb 11, 2019 08:21 AM | Report Abuse X

After beating Hadi recently Sarawak Report wil definitely press on its case against Taib 

So avoid Naim

 
OrlandoOIL 
2169 posts

 Posted by OrlandoOIL > Feb 11, 2019 08:22 AM | Report Abuse X

Naim is more dangerous now thn ever 

Don't b fooled..
11/02/2019 8:23 AM
calvintaneng All 4 Naim prospects are increasing positives

1) Pan Borneo High propels all Naim land holdings in Sarawak - near Kuching, Bintulu, Miri & other prime areas

For property, construction, Oil & Gas in Dayang all got very good turnaround results

See

3) POWRFUL EARNINGS PER SHARE (EPS)

So good. Naim has not only High NTA it has also got Powerful Earnings

And this is not just a one off

Refer to Qtr result

The Group recorded higher revenue of RM438.9 million for the period under review, as compared to RM261.0 million reported in the corresponding period of 2017. The increase was contributed by both Property and Construction divisions, which recorded a 78% increase in their revenue when compared against that achieved in the corresponding period of 2017, due to increased work progress and additional new property sales [see Note 17.1 (b) for details].

Property segment recorded an increase in its revenue and profit during the current period under view. The increase was partly contributed by increased work progress achieved. Higher new sales of about RM100.6 million (January to September 2017: RM92.9 million) also had led to the increase in the property revenue and profit during the 9-month period.

17.2 Review of performance of major associate Our associate, Dayang Enterprise Holdings Bhd. (“DEHB”), reported an unaudited profit after tax attributable to owners of about RM66.5 million, against a loss of RM89.7 million registered in the corresponding period of 2017. The improvement in the DEHB performance wasmainly due to higher maintenance work orders performed during the period under review.

So from here we can see that all three

Construction

Property

Oil & Gas (Dayang)

are doing well

Resulting is a nice 12.8 sen profit this last quarter



4) PAN BORNEO HGHWAY

This single connecting highway will increase the Value of NAIM LANDBANKS By manifold

In the 1950s One Acre Land in Shah Alam was worth only Rm5,000. After KL - Klang Federal Highway was built the Lands in Shah Alam increased by manifold.

Like the wild wild West of USA in its pioneer days those lands were given free to settlers. Same goes for those Lands in Pahang in early days. After the KL - Karak Highway was built land prices soared in Pahang. And the PLUS- North South Highway unlocked the land Value from Perlis to Perak... from Seremban to the Southernmost part of Johor.

Since NAIM is the Largest Real Estate Land Owner in Sarawak it stands to gain the most in Land Value appreciation

And spearheading its future

See

Naim Holdings Berhad has accepted the award of Pan Borneo Highway Project which is the package work for Pantu Junction to Batang Skrang in Sarawak. The contract is estimated to worth at least RM 1.1 Billion for Naim Holdings Berhad.
11/02/2019 8:39 AM
Jason Toshi Ho As someone who lives in East Malaysia and has friends who are contractors of the different branches of the pan Borneo highway, and who has actually lived in Sarawak and have supplied to NAIM and DAYANG before, all I can say is wow. Calvin knows his stuff. Almost an the tenders are being renegotiated in pricing, and all the price are barely profitable for main contractors who don't have good internal teams. Those days of fat profits are long gone.

None of the proper sub-contractors want to work with them anymore, including us. Their payment schedule is horrendous. They are over leveraged and have no money. All dealings are in cash terms only. Cash before start work.

Their management is untrustworthy. The projects they take are beyond their scope of work and skill level. Even their best engineers and managers( people like Mr. Chan who left the mrt project halfway due to mass idiocy) have long gone and left for other MNC where they are paid triple the salary.

Margin of safety? There is no margin of safety when idiots are managing your company. Look at the board of directors. Not a single one is chosen for their skill sets, all are chosen because of the bloodlines or relationship.

Turnaround? Paper magic.

Long term the management is still the same. The company attitude and culture is still the same. The benefits and money politics are long gone.

Good luck.
11/02/2019 9:24 AM
Zhuge_Lin The trend now is O&G ma. Shit counter also can turn to gold. You look at the analysis. It is comparing against carimin share price. So it carimin up 300%, dayang also must up 300% loh....hehehe.....

1 just like to asked is carimin confirm getting 1billion project from petronas? or is it base on someone assumption?
11/02/2019 9:42 AM
calvintaneng (S = Qr) Philip

The company attitude and culture is still the same. The benefits and money politics are long gone.


VERY GOOD INDEED!

NO MORE MONEY POLITICS CAN ONLY MEAN ONE THING

ALL THE PROFITS IN NAIM FROM NOW ON IS IN SAFE HANDS

HIP HIP HOORAY!!!
11/02/2019 9:42 AM
Jason Toshi Ho How can you just proxy CARIMIN and DAYANG simply on those metrics. Isn't that just silly and crazy?

That's like saying najib and mahathir are the same kind of leader just because both are Malay, do politics in Malaysia, and have long experience in malaysian politics.

Each company is different, goes on different tangents and each company has different management who make different decisions based on their company goals.

Good luck Calvin. At least now I know what kind of companies you and your buddies invest in.
11/02/2019 9:46 AM
Zhuge_Lin Bro Calvin, when Pan borneo highway will benefit your jtiasa?
11/02/2019 10:08 AM
qqq3 Stock market.....short term is all about illusion, its all an illusion , all emotional and sentimental.

obviously calvin is not investing but short term......except he never says he is short term.......
11/02/2019 10:16 AM
calvintaneng Zhuge_Lin Bro Calvin, when Pan borneo highway will benefit your jtiasa?
11/02/2019 10:08

YES

A DEFINITE YES!
11/02/2019 10:17 AM
qqq3 people are trading all the time......but will say they are investing.....
11/02/2019 10:18 AM
Zhuge_Lin LOL....A DEFINITE YES! ah???
drop from 1.60 t0 60c leh. If go back to 1.60 also no yet benefit la. Interest also rugi leh.
11/02/2019 10:20 AM
calvintaneng Posted by Zhuge_Lin > Feb 11, 2019 10:20 AM | Report Abuse

LOL....A DEFINITE YES! ah???
drop from 1.60 t0 60c leh. If go back to 1.60 also no yet benefit la. Interest also rugi leh.

SO SIMPLE

JUST TAMBAH AT THE BOTTOM LAH!

WHY YOUR SIFU OTB DIDN'T TEACH YOU AH?
11/02/2019 10:21 AM
qqq3 this calvin uses words like margin of safety.....but all his stock picks are rubbish....and if he knows what he is doing he better be short term ....because short term it is all an illusion.......
11/02/2019 10:21 AM
calvintaneng THE QUACK TALKING WHAT?

NAIM AT NET TANGIBLE ASSET OVER RM2.00 WITH PRICE LESS THAN 70 SEN NOT MARGIN OF SAFETY?
11/02/2019 10:23 AM
qqq3 short term stock market is based on illusion.....trade if u must as long as u know it is based on illusion, not truths........
11/02/2019 10:26 AM
Zhuge_Lin Bro Calvin, you dun get me mistaken with Zhuge_liang oh. He is my great great great great uncle and he is long dead la.....hehe. Therefore, I no worship sifu otb le....
As for Jtisa....tambah ah? if every 30% drop also tambah, warren buffet also become a buffet for the shark la. So much to tambah meh???
11/02/2019 10:35 AM
calvintaneng SORRY I OVERLOOKED

LOL

ZHUGE MEANS WHAT?
11/02/2019 10:37 AM
Kukumanis wants to stay longer in holland lah!!!! so easy to fathom!
11/02/2019 10:38 AM
Fuzzycats Calvin sifu, Dayang so-so only.
No hard feeling Calvin, just my 2cents opinion.
11/02/2019 11:26 AM
John Lu I sold Naim 69. Thanks Calvin hehe
11/02/2019 11:31 AM
calvintaneng Pussycats

I think as year 2019 unfolds the commencement of RAPID IN PENGERANG SHOULD LIFT UP ALL O&G counters

Good ones and later bad ones will also go up in tandem

When the tide comes in it will lift all boats

So Dayang and Naim might seem over bought for now.

It's true fundamental will play catch up later

Calvin very happy for all who bought cheap

Now if there are any short term day traders please be careful

Longer term Naim should cross back above RM1. 00
11/02/2019 11:34 AM
calvintaneng Good for you Koon Bee
11/02/2019 11:36 AM
Kukumanis so many others like Krono!!!!!
11/02/2019 11:40 AM
calvintaneng Good closing at 69.5 sen on this day of February 11th 2019

Oil & Gas Thematic Play for year 2019
11/02/2019 5:00 PM
calvintaneng Good
Good
Good closing at 71 sen today
12/02/2019 11:35 PM
calvintaneng Now both Dayang & Naim share prices have overtaken & surpassed Carimin

NEXT ONE TO CHASE UP WILL BE A VERY STRONG CONTENDER

PENERGY(5133) or PENT UP ENERGY!!!
02/03/2019 11:53 PM


 

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