Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Mon, 18 Mar 2019, 08:01 AM

 

WHY CYCLICAL MASTEEL (5098) - Master of Long Steel Will Go into A Cyclical Rebound, Calvin Tan Research

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Hi guys,

I have bought & sold Masteel in Its Cyclical UPs & Cyclical DOWNs for more than a decade already.

Let Calvin share his experience on a Cyclical like Masteel

When Pm Badawi came into power he cancelled many grandoise projects of Tun Dr Mahathir & that led to an economic contraction. He said Malaysia had no money then. That led to the protest of Tun Dr. M saying that Malaysia still has money from Petronas

Then Pm Badawi implemented a Huge Infrar project for the 9MP (Malaysia plan) for 2006 - 2010

Seeing the Huge Amount of CASH Pouring into Infrar Jobs I sensed that there will be a Huge Demand for Cement & Steel

SO AT THAT TIME I WAS STILL A NEWBIE I BUY BOUGHT UP ALL THE CEMENT COMPANIES

I bought YTL CEMENT at Around RM2.20

Bought CIMA (Cement Industry of Malaya) at Rm2.40

Bought TASEK CEMENT At Rm2.90

Bought LAFARGE CEMENT  at 66 sen (Whoa this one people were throwing and throwing by the Millions, tens of millions being sold when I was fearfully buying at 66 sen) Lafarge later merged from 10 lots into 3 with 20 sen Cash payout (After that LAFARGE ROSE TO OVER RM10.00; if only those dumb sellers know ahead of time)

Later TASEK Rose to Over Rm16.00 while Ytl Cement was taken private by YTL after price has doubled & CIMA also taken private by UEM

 

NOW COMING BACK TO STEEL. Steel was really trickier as there are so many many - Mycron, Melewar, AISB, Choo Bee, Lionind, CscSteel, Ann Joo (Annjoo got 2 but later merged into one), Kingsteel, Southern Steel, Prestar,  Masteel & several others

Ha! Only later, much later, I found out that while All Cement Companies did very well generally the same cannot be said about steel

Only 4 Steel Stocks Shone in the end. All Long Steel Stocks for Infrar jobs while Prestar has Wheel Barrow & GUardrail for Highways

The rest of my investments in flat steel went nowhere and it was a waste of time and money

BUT I GOT AN IMPORTANT LESSON

So later when Next Infrar Boom Cycle Retarts I only go for Long Steel & Prestar

So Far It was Chun Chun

 

I bought Prestar again at 45 sen & Prestar gone up 200% in recent cycle

See

 

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Fri, 8 Mar 2019, 09:25 PM   |  >> Go to Blog Dashboard

  

PRESTAR: PRE-STAR Or Before It Turns into A STAR PERFORMING STOCK By Calvin Tan (Perth, Australia)

 

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Hi Guys!

I am now in Perth, Australia.

I first came to Perth about 20 years ago.

Then Perth was quite backward & rural.

Not anymore now.

I got caught in North Perth's Massive Traffic Jams.

And I SEE an Idea I want to share here.

SEE the widening of Perth's Highway - leading to huge demand for more Highway Guard Rails.

 

Every time a rural road expands from 2 lanes to 4 lanes there is a NEED for 4 NEW SETS of Highway Guard Rails.

I can SEE So FAR From PERTH That With The Ever Increasing Number of Cars, SUVs, JEEPS, Buses, Lorries in Malaysia there will be the continual expansion of Roads into New Highways - Translating Into More Needs of Highway Guard Rails-

 

So HEY PRESTO! Or Rather HEY PRESTAR!

 

YES! PRESTAR CAME TO MIND.

 

Regards,

 

Calvin,

Perth, Australia

 

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Fri, 8 Mar 2019, 09:25 PM   |  >> Go to Blog Dashboard

  

PRESTAR - THE UNDERVALUE LAGGARD CONSTRUCTION MATERIAL STOCK THAT WILL PERFORM

 

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PRESTAR – THE UNDERVALUE LAGGARD CONSTRUCTION MATERIAL STOCK

 

With the Contraction in China, the Overvaluation of Export Stocks & The Overstretched Consumers  of Malaysia Impacted by 6% GST & High Imported inflation due to weak ringgit there are really few stocks left for the picking in Bursa.

There remains a Class of Underperforming Stocks that might go against the trend – “THE CONSTRUCTION  MATERIAL STOCKS LIKE KPSCB, KIMLUN, CEPCO & PRESTAR”. As KPSCB, KIMLUN & CEPCO Have Already Run Up 20% to 30% In Prices Our Focus Now Turn To  PRESTAR.

 

PRESTAR Or PRE-STAR

“PRE” As in “PREVIOUS” Or “Before”

Or In Other Words “Before IT TURNS INTO A STAR”

SO NOW IS THE TIME TO BUY PRESTAR “BEFORE IT TURNS INTO A STAR PERFORMING STOCK”

 

PRESTAR – THE RISING STAR AMONG CONSTRUCTION MATERIAL STOCKS!

ITS SALIENT FACTORS:

1)  At 50 cents with NTA at Rm1.23 PRESTAR IS SELLING AT A HUGE 60% DISCOUNT TO NTA. It Has A Big Margin of Safety.

2) Foreward P/E is a low 3.66. Beating many Export Furniture and E & E Stocks hands down.

3) Its Debt is Well Cushioned By Its High Tangible Assets Still Not Revalued Yet. Its Properties were purchased long ago in strategic locations. If Company wanted to It Can Revalue All Its Properties Like HapSeng, Seacera & Eg and book them as immense profits.

4) Unlike All Other Steel Companies Impacted by China Steel Dumping PRESTAR Like KPSCB, KIMLUN & CEPCO Are Into Niche Manufacturing of Specialty Construction Materials like High Way Guard Rails and Wheel Barrows. So It has avoided the carnage caused by Cheap China Steel.

5) 10 Highways Including Pasir Gudang Highway, West Coastal Highway, Bandar Penawar – Sungai Ringgit Highway, Pengerang Highway & the 1,600 km Pan Borneo Highway will spur Great Demand for Prestar’s Highway Guardrails.

6) Prestar also stand to reap higher profit due to the collapse of nickel and iron ore prices by 60% to 70% as its Guard Rails use a lot of nickel. This will boost Prestar’s profits further.

7) Prestar also has a factory in Vietnam like Pohuat. With TPP now signed Prestar will do very well as both Vietnam & Malaysia are expected to be top beneficiaries.

8) PRESTAR Also Invest In The Shares of POSCO, In Which the World’s Greatest Investor, Warren Buffet of Berkshire Hathaway,  has a Share also.  Partnership in prosperity!

9) SEEING ITS BRIGHT FUTURE INSIDERS AND DIRECTORS HAVE BOUGHT MILLIONS OF PRESTAR SHARES ON THE QUIET. A Check with these Directors and Insiders Show That They Have Bought PRESTAR Shares As High As Rm1.00 And Now Still Buying Even More at Depressed Prices.

10) A 2 Cents Dividend has been proposed. That means that Prestar is giving a 4% yield. Will there be another double digit dividend like those years when INSIDERS Bought As High As Rm1.00?  It remains to be seen.

PRESTAR IS A STOCK WITH LIMITED DOWNSIDE WHILE ITS UPSIDE IS BRIGHT WITH THE UNFOLDING OF 10MP & 11 MASTER PLAN PROJECTS STILL BEING AWARDED.

 

Calvin has a target price of Rm1.00 (The Price Reached When PM Badawi implemented 9MP).

From 50 cents we expect a modest 100% Upside.

 

CHEERS!

Regards,

Calvin

{This article posted while holidaying in Australia.)

Note: On May 9th, 2007 PRESTAR Declared a 22% Special Dividend which equals to 11 cents. Prestar price crossed Rm1.00 then. Instead of selling Directors & Insiders were buying . As of now PRESTAR is selling at half price & Directors/Insiders are still buying. So will there be ANOTHER SPECIAL DIVIDEND?

 

WAHAHA! 
LATEST UPDATE ON 7TH SEPTEMBER 2016.

PRESTAR TOUCHED 73.5 CTS TODAY! UP 63%

HIP HIP HURRAY!!

NOW FOR MASTEEL'S TURN!

 

AND AFTER POSTING ABOUT PRESTAR I BOUGHT MASTEEL AT 66 SEN & POSTED 

 

See Long Steel is for Structure Strengthening

 

HOW IT WORKS

1) LONG STEEL REBARS ARE NETTED INTO RECTANGULAR SHAPES BY ROUNDING & ROPING THE WHOLE LENGTH IN PLACE

 

2) NEXT PLYWOOD IS USED TO FORM BOXES ENCASING THEM

 

3) FINALLY CONCRETE AGGREGATE & CEMENT POURED INTO THEM AND HARDENED

 

THEY BECOME PILLARS FOR HIGH RISE BUILDINGS, MRT & LRT PILLARS, SUPPORT FOR ROAD & RAIL BRIDGES, WALL ENBANKMENTS TO PREVENT EROSION OR LAND SLIDES

AND MASTEEL SUPPLIES MORE PURE REBAR AS A PURE LONG STEEL PLAYER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Fri, 8 Mar 2019, 09:25 PM   |  >> Go to Blog Dashboard

  

MASTEEL - THE MASTER OF LONG STEEL PLAYERS FOR HIGHRISE BUILDING & MRT (Calvin Tan)

 

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A
 
calvintaneng 
11428 posts

Dear Friends of i3 Investor Forum,

Annjoo Steel has given a set of exceptional results. By arbitrage Masteel should also be doing well. As such Calvin now advocate accumulating Masteel - the laggard steel stock with the greatest potential for upside.

 

SEE my past posts:

 

 

 

 Posted by calvintaneng > Apr 29, 2015 09:10 PM Report Abuse X

ks55 

On this I think I beg to differ. There is a difference between investing with calculated risk and gambling. 

The NTA of Masteel is over RM2.40. Its foundries are real unlike Megan Media which are fictitious. 

The Directors of Megan Media Sold & Absconded. Masteel Directors chose to exercise 2 million warrants. 

The Building Needs of Developing need real steel for many more years to come. Bullet Train to Thailand? East Coast Bullet Train? Future East Malaysia MRT & Bullet Train? All States Future MRT & LRT? 

There is no end to Steel Demand. 

We Invest with calculated risk. Even if we put money in FD we are also risking it to creeping inflation. 

Of course I think not all can or should follow me. Anyway, through the many years I have made lots from Masteel. Buying it with a portion of my profits is a calculated risk. I always invest with a long term view. Whether I will lose all or stand to gain is yet to be seen. 

I have always advocated diversification. Buy a basket of prospective stocks. 

Say out of 10 one or two might under perform or even delisted but if out of 10 stocks I can get 3 or 4 five to ten baggers why not. 

For Masteel I think the positives are far more than the negatives over a longer period. 

For short term punting and gambling I cannot tell. 

Over a longer term it should rise up out of its present woes with increasingly bright prospects.

 
tjhldg 
27139 posts

 Posted by tjhldg > Apr 29, 2015 09:32 PM Report Abuse 

thanks calvin :) .. wish for good la ... me is buy buy buy la ...wish ada below 0.60 lagi la...hahahahaahah ..si pek song

 

 


calvintaneng 
11428 posts

 Posted by calvintaneng > Apr 29, 2015 11:35 PM Report Abuse X

Alex Chan 

That is a good question. 

Lesson on NTA by Calvin Tan 

What is NTA? 

NTA Stands for Net Tangible Assets 

1) NET tangible assets. 

The emphasis is on NET. 

To get NET NET you have to get the Sum Total of ALL ASSETS Minus ALL LIABILITIES. 

Let's say Mr. Alex own a house worth RM1,000,000. A Merc Benz worth RM250,000 & Other Cash Plus Alll Stuff Worth Another RM250,000 

So the Net Assets is RM1.5 millions. Now he has a loan of RM500,000 on the house and also a car loan on the Mercedes for RM100,000 

So his Net Net is RM1.5 millions - RM600,000 = RM900,000 

That means that Mr. Alex has a Net Net of RM900,000 if the house & car are sold & converted to Cash after paying off all debt. 

During the Asian Financial Crisis when house price crashed by 50% & car prices crashed by 70% many are left with Assets below Debt. That means they are under water. 

All the Assets if disposed at collapsed value cannot cover debt. That means insolvency & bankruptcy 

Question is. Has Masteel any valuable Assets. We will come to that later. 

2) net TANGIBLE assets. 

The Emphasis here is on the word TANGIBLE. Something you can see with your eyes, touch with your hands. Something visible & Tangible (or touchable). These are REAL STUFF LIKE LANDS, BUILDINGS, MACHINERY OR MOTOR VEHICLES. 

3) net tangible ASSETS 

Assets are positive. Not liabilities. Assets like Houses & Cars are Real Cash. 

Real Cash? 

Yes! Cash SOLIDIFICATION. 

How? 

All of us start in life with a good paying job. Then we buy the first tangible asset like a Perodua Myvi. And after working for some years we buy a house by paying a down payment. (Unless you inherit it) 
After a period of many years we finally pay off the loan. 

The Cash we used to pay for Car & Housing Loan has NOW TURNED INTO "CASH IN SOLIDIFICATION" 

There are convertible to CASH By Selling 

The Car is a depreciating asset while the house is an appreciating Asset! 

To be continued...

 

 


calvintaneng 
11428 posts

 Posted by calvintaneng > Apr 29, 2015 07:45 PM Report Abuse X

Good Evening 

It has been 2 days of roller coaster prices for Masteel. 

I have been in Masteel on and off for several years already. 

These are my personal opinions 

Its Salient Factors 

1) Masteel is the most profitable Long Steel Players in Malaysia. The other 2 are Southern Steel & Annjoo Steel. 

There are 2 Types of Steel Players in Malaysia. Long Steel & Flat Steel 

Flat Steel Players are Mycron, Choo Bee & others. 

Long Steel is Used In The Manufacture of Beams for MRT Pillars. So The Increase in MRT, LRT, Monorail & High Speed Rail Augur Well for Masteel & Southern Steel. Also the Mushrooming of High Rise Condo & Houses in Iskandar Require Lots of Long Steel. I bought & used long steel bars before in my construction job. They cost between RM2,100 to RM2,200 per ton weight. 

Flat Steel, as the name denotes, is used as Refrigerator door, car bonnet, door and booth and all things flat. 

2) Steel Companies have high borrowing as a whole. However, Masteel is wise to Give Rights Issue to raise capital. So its gearing is less than all other Steel Players. This is a wise move. 

3) As Cost of iron ore has crashed 75% & scrap metal iron also dropped in price Masteel will stand to benefit 

4) With the Drop of Ron95 & Diesel Masteel will also save lots of money from transport cost 

5) The lower cost of electricity & coal also augur well for Masteel 

6) Masteel recently activated a New Steel Mill For Increased Production to meet higher demand from Greater KL Mrt Expansion. This has increased the economy of scale for Masteel. The more you produce the cheaper is your average cost. 

7) As Ringgit has crashed against renminbi the incentive to import lower quality cheap steel from China is now neutralized. 
Malaysia Steel is of Higher Quality. 

8) His Royal Highness The Sultan of Johor has indicated that Forest City of Pendas, Johor will be served by Mono Rail. 

This reveals to us that the Masteel-KUB Consortium for Iskandar Rail Net Work might yet proceed some day. 

9) The Next Agenda for Malaysia - Spore Win-Win Partnership will be The 
HIGH SPEED BULLET TRAIN FROM KL TO SINGAPORE. So Masteel stand to receive increasing orders in coming years. 

10) By 21st May 2015 Malaysia Will Announce its Next 5 Year plan for 2016 to 2021. The finality of all finality before Vision 2020 Will Be A WHOPPING RM250 BILLION ALLOTMENT OF MASSIVE PROJECTS. Again Lots of Long Steel will be needed 

11) Director has recently exercised 2 million (3/4/2015) Masteel Warrants at the conversion price of 67 cents. They should have 1st Hand Knowledge of the actual status of Masteel Accounts 

Let's see. 2 million at 67 cents = RM1.34 Millions. 

If Masteel is truly in deep trouble they would not have thrown in TM1.34 millions to convert the warrants. Like many cheating directors (Magan Media for example) they would have dumped all their shares and absconded 

So this act indicates hope for the Company. 

However, since we still do not have 100% clarity until all is revealed I think you all have to do your own due diligence. 

This could be a Great Opportunity to buy in crisis. Or it could also lead to PN17 & prolonged uncertainty. 

Please do not blame me if you get into trouble. If you make I won't get a cent. So the decision and responsibility lies with each individual 

As for me I have started buying. 

Best Regards, 

Calvin Tan Research 

Now in Booming Iskandar.

 

Latest Up dates: March 9th 2019

 

TO MY GLAD SURPRISE PRESTAR JUMPED UP 200% AND

MASTEEL ALSO UP 200% AT ITS PEAK

 

NOW THAT BOTH PRESTAR; AND ESPECIALLY MASTEEL

HAVE FALLEN SO LOW & WITH NEW IMPETUS  FOR

UPSIDE I AM NOW CALLING FOR A BUY AS ECRL 600

KILOMETER RAIL LINE INFRAR JOB WILL BE A HUGE

BOOSTER AGAIN!!

 

 

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Labels: MASTEEL

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Chart Stock Name Last Change Volume 
MASTEEL 0.465 -0.01 (2.11%) 651,300 

  pussycats likes this.
 
qqq3 Calvin improving...now not just rubbish like Vincent Tan and Insas....now turning into contrarian...contrarians not bad one....

But Pantech and T7 mistake lo.....Got trapped in Pantech and T7 now want to con people into Pantech and T7?


but Prestar not bad........
09/03/2019 17:38
calvintaneng Posted by qqq3 > Mar 9, 2019 05:38 PM | Report Abuse

Calvin improving...now not just rubbish like Vincent Tan and Insas....now turning into contrarian...contrarians not bad one....

But Pantech and T7 mistake lo.....Got trapped in Pantech and T7 now want to con people into Pantech and T7?


but Prestar not bad........


Hahaha!!

You so clever

Bad mouth my writeup on Dayang then go sapu dayang slyly?

Now bad mouth T7 Global & Azrb because cannot get them cheap?

Now you curi curi bought Prestar?

Okok

WELCOME TO THE PRE STAR BULL RUN!!!

PRESTAR or PRE STAR

BUY IT BEFORE IT TURNS INTO A STAR LIKE DAYANG!!!
09/03/2019 17:47
qqq3 I where got bad mouth your Dayang?
09/03/2019 17:52
qqq3 I keep pestering KYY to swap Carimin and Hibiscus for Dayang when Dayang was 60 sen, 70 sen and 80 sen.........
09/03/2019 17:54
calvintaneng Posted by qqq3 > Mar 9, 2019 05:52 PM | Report Abuse

I where got bad mouth your Dayang?

Hahaha! You forgotten already?

See


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 00:00
X
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 00:41


https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/192789.jsp
09/03/2019 18:17
qqq3 Dayang is in CDRC....that is fact, I give full disclosure of facts and see your response.......and I want all readers to have full disclosures of facts..........
09/03/2019 18:23
shortinvestor77 I thought China construction will bring all China materials to build ECRL. Where got chance for Prestar and Masteel? chance for Pres
09/03/2019 22:40
calvintaneng Posted by shortinvestor77 > Mar 9, 2019 10:40 PM | Report Abuse

I thought China construction will bring all China materials to build ECRL. Where got chance for Prestar and Masteel? chance for Pres

Have you studied Annual Reports of Lafarge, Masteel and Prestar or not?

In Lafarge AR they already got supply contract for ECRL (Rm270 Mil) before it was terminated

Masteel mentioned the importance of ECRL

Prestar's Chairman even look forward to Malaysian Govt raising tariff against China Cold Roil Steel dumping. And Good News just came out for Prestar https://www.nst.com.my/business/2019/03/467316/malaysia-slaps-anti-dumping-tax-steel-imports
09/03/2019 23:29
sandrakkc And to top it all, Prestar commands an astounding 50% share of the guardrail market.
10/03/2019 12:15
Bull TP 1.0 load before it is too late ! Follow calvin ... best in i3

WHY CYCLICAL MASTEEL (5098) - Master of Long Steel Will Go into A Cyclical Rebound, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/197158.jsp
11/03/2019 08:27


 

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