Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sun, 20 Oct 2019, 6:22 PM

 

DIALOG (O&G Stock) : Will This Be Another QL RESOURCES DUTCH LADY OR NESTLE, Calvin Tan Research

Author:   |    Publish date:


Hi guys, Please continue reading while I type

While doing Research on  Oil & Gas Stock I discovered Pantech. But  I also noticed Dialogue

Generally I have only focused on Stocks with High NTA as a Margin of Safety. To my suprise although Dialogue does not have high NTA it has a Very Solid Moat like Nestle, Coco Cola or Geico

So I did a further study and got a few surprises

 

1) I SAW SINGAPORE GOVT INVESTED 2 FUNDS INTO DIALOGUE

Please go to Annual Report & Scroll down to Top 30 Shareholders of Dialogue

Coming in at Top No. 5 is

5 CARTABAN NOMINEES (ASING) SDN BHD < GIC PRIVATE LIMITED FOR GOVERNMENT OF SINGAPORE (C) > 167,666,272 2.97%

 

At Top No. 5 position is GIC (Government Investment Fund of Singapore) holding 167.6 Million Dialogue shares at 2.97%

 

28 CARTABAN NOMINEES (ASING) SDN BHD < GIC PRIVATE LIMITED FOR MONETARY AUTHORITY OF SINGAPORE (H) > 34,159,266 0.61

And at 28 position is MONETARY AUTHORITY OF SINGAPORE (MAS) with 34.1 Million shares of Dialogue (0.61%)

 

Now this really piqued my interest. Why SINGAPORE GOVT IS SO BULLISH ON DIALOGUE SHARES?

 

2) DIALOGUE AS WE KNOW IT HAS A PERPETUAL TANK MAINTENANCE FOR RAPID JUST AS PANTECH HAS A PERPETUAL MAINTENANCE CONTRACT FOR ITS OIL PIPES AND VALVES

 

A REFINERY MAINLY CONSISTS OF OIL STORAGE TANKS & THE PIPES THAT TRANFER OIL FROM TANK TO TANK OR FROM SHIP TO TANK, OR FROM TANK TO REFINERY

SO PANTECH FOR PIPES & DIALOGUE FOR ITS TANKS

SO BOTH HAVE LOCKED INTO A LONG TERM CASH COW

LAST TIME PROPEL LOCKED INTO THE MOST PROFITABLE CONTRACT WITH PLUS HIGHWAY

PROPEL RECEIVED THE SOLE MAINTENANCE CONTRACT FOR THE PLUS NORTH SOUTH HIGHWAY FROM THE VERY NORTH NEAR THAI BORDER ALL THE WAY TO THE SOUTHERN STATE OF JOHOR

PROPEL MADE SO MUCH MONIES THAT UEM FINALLY TOOK IT PRIVATE!

 

BUT IS THAT THE ONLY REASON WHY SINGAPORE GOVT INVEST IN DIALOGUE?

 

3) LATEST ANNOUNCEMENT SHOWS THAT DIALOGUE IS RECLAIMING 300 ACRES OF LAND FROM THE SEA AND WITH 500 ACRES MORE IN RESERVE FOR FUTURE EXPANSION

NOW WE ARE GETTING SOME CLUES

 

4) LET'S GO OVER TO JURONG ISLAND REFINERY & SEE

 

Jurong Island (FREE WIKIPEDIA)

Jurong Island is an artificial island located to the southwest of the main island of Singapore, off Jurong Industrial Estate. It was formed from the amalgamation of seven offshore islands, the islands of Pulau Ayer Chawan, Pulau Ayer Merbau, Pulau Merlimau, Pulau Pesek, Pulau Pesek Kechil (also called Terumbu Pesek), Pulau Sakra (which was a previous merger of Pulau Sakra and Pulau Bakau), Pulau Seraya, Pulau Meskol, Pulau Mesemut Laut, Pulau Mesemut Darat and Anak Pulau. This was done through Singapore's land reclamation efforts. Land reclamation on Jurong Island was completed on September 24, 2009, 20 years earlier than scheduled. Pulau Buaya was joined to Jurong Island via reclamation in 2010. Jurong Island forms a land area of about 32 km2 (12 sq mi) from an initial area of less than 10 km2 (4 sq mi), and is the largest of Singapore's outlying islands.

 

JURONG ISLAND WAS FORMED BY JOINING 7 OFF SHORE ISLANDS WITH RECLAIMED SAND TO FORM A HUGE ISLAND COMPLEX FOR CHEMICAL INDUSTRIES

FROM A HOWLING WASTE LANDS OF LITTLE VALUE JURONG ISLAND HAS BEEN TRANSFORMED

LET'S READ FURTHER

The outlying islands of Pulau Ayer ChawanPulau Ayer MerbauPulau Merlimau and Pulau Seraya were used to house fishing communities comprising small villages up to the 1960s. The villagers lived in Malay-style wooden stilt houses on the palm-fringed islands. Between late-1960s and early-1970s, three big oil companies planned to house their facilities on Pulau Ayer Chawan for Esso, Pulau Merlimau for Singapore Refinery Company and Pulau Pesek for Mobil Oil.

The Government of Singapore then took the opportunity to grow the petrochemical industry as a choice that would significantly produce economic growth. This was proven by the success of starting off the petroleum industries in the 1970s.

By the 1980s, after a decade of rapid industrialisation, industrial land was growing scarce on Singapore mainland. The idea of joining the southern islands off Jurong to form one colossal island to create more industrial land was therefore conceived.

Petrochemical industries

Today, Jurong Island is home to many companies such as LANXESSAfton ChemicalBASFBPCelaneseEvonikExxonMobilDuPontMitsui ChemicalsChevron OroniteShellSingapore Petroleum Company Singapore Refinery CompanyStepan CompanyPetrochemical Complex of SingaporeThe Polyolefin CompanyChervon PhilipsMitsui Elastomer and Sumitomo Chemical.

Clusters of gigantic cylindrical tanks amid a maze of pipelines now dot the island; investment totalled S$31 billion in 2010.[3] Resident companies produce a vast range of items, from petroleum products to polycarbonate resinsused in CDsDVDs and LCD TV panels, and super-absorbent polymers that go into diapers and sanitary napkins.

ExxonMobil, which has invested S$4 billion in a refinery and cracker plant, makes industrial and automotive lubricants including a product used in Formula One racing cars. DuPont has invested S$1 billion, and manufactures Zytel nylon resin, a versatile engineering plastic used in automobile components, appliances, wire insulation, sporting gear and home furnishings. Afton Chemical is constructing a new manufacturing facility, expected to become operational in January 2016, to produce petroleum additives for the Asia-Pacific and Middle East markets. [4]

Output for the chemicals cluster—which cover oil and gas, petrochemicals and speciality chemicals—totalled S$66.5 billion in 2005, an increase of 31 per cent from 2004. This accounted for almost 32 per cent of production in Singapore's manufacturing sector. Powered by the cluster, Singapore is currently one of the world's top three oil refining centres despite not having a single drop of crude deposits.

Jurong Island's refineries process 1,300,000 barrels (210,000 m3) of crude oil per day,[citation needed] turning it into petrolkerosene and jet fuel sold locally and abroad. Cracker plants break down the molecules of other oil-and gas-related substances such as naphtha into additives that give unique characteristics to certain products, from printer inks to plastic mouldingssemiconductors and aircraft materials.

 

HA! DID I READ CORRECTLY

 

This accounted for almost 32 per cent of production in Singapore's manufacturing sector. Powered by the cluster, Singapore is currently one of the world's top three oil refining centres despite not having a single drop of crude deposits.

 

THIS CHEMICAL ISLAND CLUSTER CONTRIBUTE ABOUT ONE THIRD OF SINGAPORE GDP?

AND SINGAPORE REFINERIES PROCESS 1.3 MILLION BARRELS OF DESPITE OF NOT BEING ABLE TO PRODUCE A SINGLE DEOP OF OIL

O WOW!

 

SO THAT IS HOW SINGAPORE GOT ITS WEALTH

 

OIL REFINERIES & CHEMICAL INDUSTRIES!!

 

WAHAHA! THE JACKPOT

 

TODAY SINGAPORE IS ONE OF THE RICHEST PER CAPITA NATION ON EARTH

 

ITS CAPITA PER PERSON IS USED 55,000 A YEAR (MALAYSIA ONLY USD10.5OO) A YEAR

SO SINGAPORE IS MAKING ALMOST 5 TIMES MORE THAN MALAYSIA

 

5) AND SO SEEING A REPEAT IN PENGERANG RAPID THE SINGAPORE GOVT HAS INVESTED 2 FUNDS IN DIALOGE SHARES KAW KAW!

SUCCESS BEGETS SUCCESS

 

NOW HOW MUCH ARE CHEMICAL LANDS WORTH ON JURONG ISLAND IN SINGAPORE

 

LET'S SEE

 

SINGAPORE (Feb 13, 2019 ): Vibrant Group’s 51%-owned subsidiary, LTH Logistics, has entered into a conditional put and call option agreement to sell its logistics and warehousing facility at Jurong Island for $227.5 million to SGRE Banyan Pte. Ltd.

The consideration comes at an 8.3% premium to CBRE’s $210 million valuation of the property as at 15 Oct 2018, and is subject to a $14.25 million upfront land premium payable to JTC.

Located at 121 Banyan Drive, the property comprises two plots of land with a six-storey ramp-up warehouse facility with ancillary offices, as well as two blocks of single storey warehouse and an open yard within Jurong Island.

These are currently being utilised by Vibrant for its logistics business under leasehold interests for a term of 30 years and 29 years and eight months that commenced in Sept 2011 and Dec 2011, respectively.

Further terms of 29 years are to be granted by JTC for both leases each.

In all, the property has a gross floor area (GFA) of 65,764 sq m and a site area of 43,142 sq m.

 

THE ABOVE IS A SALE AND LEASE BACK TRANSACTION ON JURONG ISLAND ON FEB 13 2019

 

LAND SIZE IS 43,142 SQ METER. NOT COUNTING THE FACTORY STRUCTURE

AND THE PRICE IS S$227.5 MILLIONS

NOW LET'S CONVERT ALL TO RINGGIT PSF OK\

 

FIRST TO CONVERT TO PSF 43,142 X 10.764 = 465467 SQ FT

 

AND CONVERT S227.5 MILLIONS TO RINGGIT JUST X3 = RM 682.5 MILLIONS

AND DIVIDE FURTHER TO GET PER SQ FT

 

RM1,466 PSF

 

WOW! THAT'S EXPENSIVE

NOW DIALOGUE IS RECLAIMING FREE LANDS FROM THE SEA WITH THE BLESSING OF JOHOR GOVT

THIS IS VALUE CREATION JUST FOR LAND ONLY

WHAT ABOUT THE MULTIPLIED PROFITS FROM OIL REFINING, CHEMICAL, NAPTA, JET FUEL AND ALL THE BYPRODUCT OF OIL AND ITS CHEMICAL?

 

NO WONDER GOVT OF SINGAPORE IS INVESTING HEAILY INTO DIALOGUE

 

WHAT ABOUT YOU?

 

 

BEST REGARDS

 

CALVIN TAN RESEARCH

SINGAPORE

 

 

 

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Labels: DIALOG

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DIALOG 3.47 0.00 (0.00%)

  2 people like this.
 
calvintaneng SEE VIDEO OF JURONG ISLAND

https://www.youtube.com/watch?v=yknJCZ7mHk0
21/02/2019 4:53 PM
calvintaneng Ben Graham wants Nta as a margin of safety

A new approach is when Buffet met Charlie Munger
They focus on moat with growth and market dominance

Example of a growth stock with intrinsic moat is nestle

Nestle has no Nta support

It's intrinsic value lies in the millions of people who chose Milo over other beverages. So instead of intrinsic value in Net Assets its intrinsic value is in the acquired taste bud of people addicted to milo

Now the moat or intrinsic value of Dialogue lies in its long term contract with Pengerang Rapid Pipc

AND it is growing as long as Rapid grows

It's full growth potential will spread to its 800 acres landbank
And more storage tank in tg langsat to meet ever increasing demand
21/02/2019 8:12 PM
lenu BPURI cantek... PERISAI cantekkkk
21/02/2019 9:41 PM
apolloang SASBABI tak cantek kah? kekeke
21/02/2019 9:44 PM
calvintaneng Now in bull run time for oil and gas as Pengerang rapid is firing up.

Others in back burners. Will go back to them later
21/02/2019 10:21 PM
Philip Greta Calvin, can don't put dialog in the same breadth as ql, Nestle and Dutch lady? Your research is very flawed and connections very thin.

You don't even know what dialog does it what it's management classifications are.

Firstly, dialog is a pe35 company with terminal growth in deepwater terminals approaching. It is diversifying upstream and downstream into epcc( which is where companies like sumatec, sapura, bumi and carimin are ending up).

Dialog is in no way has any "moat". Moat of convenience, maybe.

Their major acquisitions making them money is for the supply base and storage tanks in tanjung langsat and PDT.

Do you think there is any special contract saying that we can only use the dialog storage tanks? Or any special license where we can only use dialog services?

Right now, dialog is used because other o&g epcc firms had one foot in the grave with contracts that dealt with shared barrel production revenue.

Back then we all laughed at dialog because they don't want to earn big money. They content to earn small change with just tank rental.

But now suddenly when oil prices go down you say dialog with it's conservative 10% earnings to be a wonderful company?

How about the fact that it is now pe35, with a business that will hit it's terminal growth soon. (How many new tanjung langsat can you find?). Or the fact that it has 3 billion in liabilities. And growing.

Moreover when you want to company with QL, Nestle, dlady etc you want to be comparing super stable companies with low chance of nasty surprises.

Do you think their downstream operations epcc and upstream will run into problem? Have you considered the incoming nasty surprise in epcc prin with the contract for
22/02/2019 6:42 AM
qqq3 some have called Dialog a ponzi scheme as they hide the segment figures from the public. There is no breakdown figures for u as to epcc/ rental/ others.........why call it ponzi scheme? because all epcc profits are left hand to right profits , they epcc their own tanks and recognise the profits.........

like you built your own house and say u make millions.....how much you make is up to you...at your pleasure....
22/02/2019 6:57 AM
Philip Greta Are you talking about Sendai? Or how an owner that awards a 500 million shipbuilding contract.... To himself. Those kind of companies?
22/02/2019 7:00 AM
Aristocats Calvintan sifu, why u promote so many stocks...

I can't keep track all your promoted stocks...
22/02/2019 7:39 AM
qqq3 (S = Qr) Philip > Feb 22, 2019 07:00 AM | Report Abuse

Are you talking about Sendai? Or how an owner that awards a 500 million shipbuilding contract.... To himself. Those kind of companies?
=====================

Sendai is not a good example as Tan Sri is paying for the ships out of his own pocket.........
22/02/2019 7:51 AM
qqq3 the next question u may ask is.....If that is the case, then why is Dailog such a blue chip, such an analyst/fund manager favorite?

The answer is.......the whole industry is based on greed and fear. Fear of missing out , FOMO.

Like building sand castles and emperor wear no clothes............as long as profits keep coming in, as long as share keep going up, people are willing to look the other way..............
22/02/2019 8:01 AM
Sslee Dear Philip,
This is the first time I notice that I3investor well-know Bottom Fisher (Calvintaneng) trying hard to put on the hat of Philip Fisher by identified Business Moat factor (Bulk storage tanks in booming O&G location where any Tom and Jerry can just do nothing except timely collection Rental income from clients). This is how much your Moat factor had influenced the thinking and investment philosophy in I3 community. Of cause he had overlooked the Management/CEO factor and luckily we have Oracle of KK to point out his mistakes.

For me I had tried to look for another founder like Tan Sri Dato’ Teh Hong Piow and I like Tony Fernandes but I do not like the airlines business which is too heavy in CAPEX and dependent of jet fuel price so I basically slowly accumulate Tunepro (Decent dividend and every group tour travel on Airasia buying Tunepro Insurance travel cover). Hope Tunepro is another LPI in the making.

Eagerly waiting to read your analysis on QL when quarterly result comes out in the next few days.

Thank you
22/02/2019 8:48 AM
calvintaneng Good morning

I am happy to answer all questions and inputs

All can contribute your ideas as long as you do it in a constrictive way

In Spore there was a saying that we should be pragmatic and results count

Philip

I shall post in reply in another write up comparing Ql chart to Dialogue price chart for all to study

Pussycats

No so many lah. Only

1. Naim
2. Azrb
3. Pantech
4. Dialogue

As for Dialogue the smartest brains on Earth employed by Temasek has invested from Two Singapore Highest Funds

1. GIC {Govt Investment Corp) of Singapore.
This one is in charge of CPF (like EPF) of Malaysia

Currently CPF is giving a 6% payout. So GIC thinks investing in Dialogue will yield more than 6%
GIC invested in Dialogue first

2. MAS (Monetory Authority of Singapore)
This is the Highest Financial Body as It is in Charge of Singapore Reserves.
After GIC has tested Dialogue only then MAS followed by putting monies into Dialogue

The wisdom of these Men of Monies have made Singapore a huge success.

For 2 funds to put their monies into Dialogue set me thinking
22/02/2019 9:32 AM
calvintaneng (S = Qr) Philip

Dialog is in no way has any "moat". Moat of convenience, maybe.


YOU ARE CORRECT!

Dialogue has a Moat of Convenient

JUST AS SINGAPORE HAS A MOAT OF CONVENIENT!

Sir Stamford Raffles chose Singapore because of its Strategic Moat of Convenience

Others are

The Suez Canal
The Panama Canal
22/02/2019 10:28 AM
calvintaneng (S = Qr) Philip

How about the fact that it is now pe35, with a business that will hit it's terminal growth soon. (How many new tanjung langsat can you find?). Or the fact that it has 3 billion in liabilities. And growing.


QE35?

It has improved a lot

And will improve even further when downstream chemical hub ready

No Tg Langsat. They only rent land from Johor Corp to build Storage Tanks

Dialogue Boss already FORESEE after the 300,000 barrels of Crude are processed daily they need to find place to store the finished products

The Real Investments of Dialogue are chun chun in RAPID

Borrowing Rm3 billions?

Perfectly ok. Dialogue use it to invest in RAPID

If Petronas & Saudi invested Rm100 Billions to build Refinery what is Rm3 billions to build supporting Storage Tanks & other facilities

Even Singapore Govt borrowed from CPF & Banks to invest in Dialogue

Malaysia debt is One Trillion Rm? Singapore Govt borrowed even more than Malaysia

As long as they are smart to invest in healthcare, student hostels in Germany. They also invested in City Square (Downtown JB - the one facing CIQ Kastam) & also in Dialogue!!

I spoke to Public Bank Boss

And they told me all depositors money are lended out to smart business men who can make more money and repay Public Bank

Why?

Stupid people who don't know how to do business or invest their money put their monies in Bank

AND SMART PEOPLE BORROW MONEY FROM PUBLIC BANK TO MAKE EVEN MORE MONEY BECAUSE THEY ARE SMART

SO BORROWING MONEY IS NOT DUMB IF YOU CAN PROFITABLY USE IT TO MAKE EVEN MORE

To borrow and consume, of course its stupid.
22/02/2019 10:40 AM
calvintaneng Take a careful look at this video & SEE the HUGE OIL TANKS BELONGING TO DIALOGUE IN RAPID

https://www.youtube.com/watch?v=r3vjHzVSPqs
22/02/2019 11:17 AM
calvintaneng Coming soon will be

800 Acres for Downstream Petrol Chemical

That will be tenanted out or Jv with Petro Chemical companies
22/02/2019 11:59 AM
qqq3 cannot understand....Petronas/ Aramco can spend $ 100 billion to build Rapids, cannot spend a few billion to out right own their own tanks...............

the whole business model is just weird.....


when it is too weird, better ignore....
22/02/2019 12:56 PM
calvintaneng More weird is why chose qqq which stands for quack quack quack?

Or question question question?

No wonder!

You are a quack with question but no concrete ANSWER?

Now get loss & go swim in your duck pond

AS FOR CALVIN

SURE THING

ALL OF RAPID FILLED WITH OIL TANKS & OIL PIPES

ANSWER IS OBVIOUS

GO BUY DIALOGUE FOR OIL TANK BUSINESS

GO AND BUY PANTECH FOR OIL PIPES BUSINESS!!!

Calvin got

ALL THE CHUN CHUN ANSWERS!!!!
22/02/2019 1:01 PM
qqq3 calvin....u don't find its weird meh?

say, u got a nice factory, why not built your own warehouse?
22/02/2019 1:06 PM
qqq3 stock market got lots of weird arrangements.

u can choose and pick....why want to invest in some thing weird?
22/02/2019 1:10 PM
digi_three Aiyoo ... Saudi Aramco IPO got postponed many times already. The Saudi is in trouble now no? Crown Prince just splashed $20bil into Pakistan but that just created a new tension with India. Another splash will be in China next week in refinery project too. So is Saudi serious about Rapid Pengerang? aiyoo how like this?
22/02/2019 1:24 PM
digi_three qqq3 that was a good question. the deal was structured during previous govt. you think it is easy to reclaim state land to do OG project in our country? aiyoo aiyoo so many people wants that piece of pie lorrr ... aiyoooo
22/02/2019 1:30 PM
Philip Greta Those who use only sort term share price chart comparison instead of long term business performance is just amateurish. It's like saying wow this month naim it's sure Chun Chun call business is the best o&g up up up. But not noticing how the business is losing market share and generating loss of equity over multiple years.

Short term price comparison is just... Stupid.

Long term business performance is better. Can you do that instead?

Level 2 day thinking. I thought you like Howard marks?

>>>
I shall post in reply in another write up comparing Ql chart to Dialogue price chart for all to study
22/02/2019 1:32 PM
calvintaneng Saudi already put one leg into RAPID by USD7 BILLIONS INVESTMENT (RM28 BILLIONS)

And committed to send 150,000 barrels of cheap Crude (out of 300,000 barrels needed daily) for Pengarang

Saudi cost of Oil Production is among the lowest on earth

No need to build expensive Oil Platforms on sea bed

They just scoop oil out of shallow groud - cost only USD10 to USD12 a barrel (If oil price falls to USD20 per barrel many will go out of business not Saudi)

SO RAPID WITH SUCH CHEAP WILL SURE TO MAKE PROFIT ANY TIME. AND ALL THE TIME

GOOD FOR PETRONAS

GREAT FOR PANTECH. GREAT FOR DIALOGUE

HIP HIP HOORAY!!!
22/02/2019 1:33 PM
digi_three aiyoo the saudis are the smart one. they go around the world securing captured demand for their oil. $7 bil investment can be easily recovered with 150,00 bbl/day at $40/bbl oil price. they have less concern Petronas will have to compete with Zhiejang refinery to market the by-products. Aiyoo not good for Petronas lorr
22/02/2019 2:03 PM
calvintaneng No worry about China

ARAMCO invests in RAPID for downstream chemical actitvites

Think of the Many Chemical Companies that will set up shop in Pengerang RAPID

Especially over 100 Chemical Firms on Jurong Island in Singapore

Their factory lease only 20 to 30 years while in RAPID lands are either freehold or 99 year lease

SO IT IS BETTER FOR THEM TO OPERATE AT A LOWER COST ADVANTAGE
22/02/2019 2:31 PM
calvintaneng See Jurong Oil Hub Success


https://surbanajurong.com/resources/perspectives/jurong-island-takes-achieve-world-class-petrochemicals-hub/
22/02/2019 2:33 PM
calvintaneng ramada You pump it, I dump it, then move to next counter. It's very easy to make money for Datuk Calvin.
22/02/2019 14:43

For Oil & Gas

JUST BUY AND HOLD IT

GOOD ALL THE WAY THROUGH 2019 & into 2020
22/02/2019 3:57 PM
calvintaneng SUSTAIN YOUR PATIENCE GREAT MOVEMENTS TAKE TIME TO DEVELOP
22/02/2019 3:57 PM
calvintaneng Posted by calvintaneng > Feb 22, 2019 06:38 PM | Report Abuse X

WAHAHA!

Correct Dayang's fantastic result shows that O&G stocks Bull Run is intact

The recent scare in Carimin result was due to carimin operation over in Trengganu impacted by Monsoon

For Dayang it operates in Sarawak so it is not that affected

SO good for Dayang will be also So Good for Naim

Now it will also be Good for carimin after Monsoon over

Also good for Azrb. Azrb got 2 supply base in Trengganu & Kelantan

And Good also for Pantech
Pantech supplies oil pipes & valves to On shore & Off Shore players like Carimin, Dayang, Azrb,

See

Provision of Maintenance Services
Dayang’s subsidiary, Dayang Enterprise Sdn Bhd (DESB) undertakes the overall provision of maintenance services, which focuses on the following areas:

Maintenance of Topside structure
Maintenance of pipes and valves and
Electrical and instrumentation
The maintenance services are provided either on a routine or scheduled basis or during a breakdown or emergency, in which case maintenance works are undertaken due to fault or failure.


(((MAINTAINENCE OF PIPES & VALVES)))
22/02/2019 6:44 PM
calvintaneng Dayang will be in the Bull Run of O&G this year due to RAPID needing extra 150,000 barrels of oil for its REFINERY IN RAPID

Calvin bought into Naim because Naim is Top holder of Dayang. Dayang office is located in Naim building

So Naim is also good. These also good AZRB, PANTECH which supplies oil pipes & valves to Dayang and all other onshore & off shore O7G players. Dialog also

HOLD TIGHT AS WE ARE IN O&G BULL RUN NOW!!
22/02/2019 18:42
22/02/2019 6:46 PM
freddiehero u r true hero
22/02/2019 6:54 PM
calvintaneng freddiehero u r true hero
22/02/2019 18:54

Big Thank You to Freddie

Hope i won't end up hero to zero

hohoho!

Have a profitable year, my dear friend.
23/02/2019 8:32 AM
5354_ Aramco should build refinery near/in Arab Saudi. India perhaps nearer than M'sia?

qqq3 cannot understand....Petronas/ Aramco can spend $ 100 billion to build Rapids, cannot spend a few billion to out right own their own tanks...............
the whole business model is just weird.....

when it is too weird, better ignore....
22/02/2019 12:56
23/02/2019 9:43 AM
5354_ Dialog not in consumer sector how can compare with QL, Nestle or D Lady?
23/02/2019 9:46 AM
PureBULL . Dear sifu calvintaneng,
DIALOG is edi in the same league as:

QL, HARTA, TOPGLOV, DIALOG, PCHEM, PBBANK, HLBANK, NESTLE, F&N, CARLSBG, PANAMY, AJI, PADINI n etc ...

All these forever best growth stocks in Msia r highly cyclical. They all have their own respective biz yrs to grow.

Many had gone over the best yrs recently n inevitably would have to go down too in prices n or sideways for years (2 to 5). Pick the ones that r abt to grow again...

The current THEME in play is

OnG contractors

in offshore maintenance n upgrading only.
23/02/2019 11:02 AM
calvintaneng Posted by PureBULL . > Feb 23, 2019 11:02 AM | Report Abuse

Dear sifu calvintaneng,
DIALOG is edi in the same league as:

QL, HARTA, TOPGLOV, DIALOG, PCHEM, PBBANK, HLBANK, NESTLE, F&N, CARLSBG, PANAMY, AJI, PADINI n etc ...

All these forever best growth stocks in Msia r highly cyclical. They all have their own respective biz yrs to grow.

Many had gone over the best yrs recently n inevitably would have to go down too in prices n or sideways for years (2 to 5). Pick the ones that r abt to grow again...

The current THEME in play is

OnG contractors

in offshore maintenance n upgrading only.


Correct

Focus is on Off shore now as Petronas need to rush for that crucial extra 54.7 million of cruse oil for Rapid

But Dialog already stated they started building for Petrol Chemical in coming phase

In Spore 30 yrs leasehold land on Jurong Island now sells for over Rm1,400 psf

So if Dialog just sell for only 30% of Singapore value it wiull be Rm1,400 x.3 = Rm420 psf

And 800 acres mean 800 x 43,560 x Rm420 = Rm14,636,160,000

That will be future gross profit from land sales alone

RM14.6 BILLIONS
23/02/2019 11:15 AM
PureBULL . DIALOG = PETROL.FARMS,
its boss worked in Jurong n smartly came back to Pengerang to build
PETROL FARMS, another type of property developer but not build for sale.
23/02/2019 11:19 AM
calvintaneng PureBULL . DIALOG = PETROL.FARMS,
its boss worked in Jurong n smartly came back to Pengerang to build
PETROL FARMS, another type of property developer but not build for sale.
23/02/2019 11:19

WHOA THE BOSS SO CLEVER!
23/02/2019 12:43 PM
calvintaneng QL RESOURCES VERSUS DIALOG GROUP (Compare Price Chart & 5 Years EPS) Calvin Tan Research

https://klse.i3investor.com/jsp/blog/blpost.jsp?blid=2222&blpid=194764
23/02/2019 6:11 PM


 

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 UCREST 0.1350.00 
 PINEAPP 0.330.00 
 PUC 0.0550.00 
 WILLOW 0.420.00 
 IRIS 0.140.00 
 TOPGLOV-C60 0.0550.00 
 BTECH 0.2150.00 
 3A 0.7950.00 
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