Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Thu, 25 Apr 2019, 12:50 PM

 

NAIM LIMIT UP! Another Chun Chun Call of Calvin Tan Research at 50 sen (Up 140% in One month!) NOW BUY VELESTO

Author:   |    Publish date:


Hi guys,

AMAZING POWER!!\

Calvin posted a buy call on Naim on Feb 7th 2019. Just one month & 6 days NAIM IS UP 140% to Rm1.20 today

Please read till the end

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Wed, 13 Mar 2019, 09:41 AM   |  >> Go to Blog Dashboard

  

NAIM is Firing Up on All Four Engines just like the 747 Jumbo Plane, Calvin Tan Research

Author:   |    Publish date: 



NAIM is Firing Up on All Four Engines just like the 747 Jumbo Plane, Calvin Tan Research

Author:   |    Publish date: 

 

 


 

Hi guys,

Today Dayang suddenly spiked up due to the momentum triggered in O&G interest in Carimin.

And Naim followed close behind in its price surge

But Naim has 3 other engines of growth even without Dayang

So what are the Other 3?

The other three are Pan Borneo Highway, Construction & Real Estate

Altogather NAIM has four engines of growth like 4x4 cylinders firing now. The macro picture looks good

 

Now let's take a closer look at the micro level

 

1)  The Latest Table of content gave a Resounding Turnaround

 

UMMARY 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
-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
 

 

All revenue, profit & Nta increased from last year quarter

 

2) NAIM IS SELLING AT HUGE DISCOUNT TO NAV

At 52.5 sen with NTA of Rm2.40 (adjusted 2 for 3 bonus) is selling at almost 80% discount to NTA

Naim at its recent peak was over Rm6.00 & now price has fallen by 90% near historic low....making this a great bargain

 

3) POWERFUL 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.

 

5)NAIM CASHING IN ON AFFORDABLE HOUSING

KUCHING: Naim Holdings Bhd, which has a huge landbank in Sarawak’s major towns, expects to build at least 1,000 units of affordable houses in three years to cash in on market demand.

Managing director Datuk Hasmi Hasnan said Naim’s main focus was to build more affordable houses in Miri, Kuching and Bintulu where it has over 2,500 acres of prime land.

The land has an average book value of RM170,000 per acre and RM4 per square foot.

Hasmi said Naim had in the past several years switched to undertaking high-end residential property projects like high-rise condominiums because the government was very aggressive in building affordable houses like 1Malaysia People’s Housing or 1PRIMA nationwide.

He said as the new Pakatan Harapan government would like to see the private sector’s participation in providing affordable homes, “we see we can play our role here”.

Hasmi said Naim had received good market response to its newly launched affordable housing scheme Primrose Terraces in SouthLake Permyjaya in Miri.

“The single-storey terrace houses there are offered at about RM300,000 each,” he told StarBiz after the company’s AGM here.

NOTE: NAIM COST OF LAND ONLY RM4 PER SQ FT

ONE ACRE LAND CAN BUILD 10 HOUSES OR RM3 MILLIONS

 

 

THE PROFIT WILL BE PHENOMENAL

 

6) PROXIMITY TO BRUNEI (NAIM'S MIRI LANDBANKS

NAIM'S HOUSING ENCLAVE IN MIRI IS ONLY 2 HOURS BY CAR TO BRUNEI

 

It takes more than 8 Hours by Car from Brunei to Kota Kinabalu

 

Just like the Strong Singapore Dollar the Brunei Dollar is worth Rm3.00 each

 

So expect NAIM's Properties to sell well in Miri

 

 

NAIM ALSO HAS INVESTMENT IN DAYANG

 

For that I quote from post of one i3 Forumer:

 

 

Author:   |    Publish date: 

 

 


 

There is no misleading or bullshit here, so I will put a link there for your reference. I list down only 5 reasons why Dayang Enterprise is a good proxy for Carimin Petroleum, especially for now.

 

1) 84% vessel utilization rate. Yup, it is 84%

How much the vessel utilization rate in March 2018? It was only 27%. Then it had increased to 70% in Jun 2018. Now the vessel utilization rate of Dayang is as high as 84%. What it means by such high vessel utilization rate? It means the worst is over for Dayang, so they had recorded very good results in second and third quarter 2018.

 

2) Secured multiple MCM contracts last year, NOT only one

Yes, multiple MCM contracts has secured last year. These projects are secured from Petronas Carigali and other oil & gas players in local industry. This year they will bid for the contracts worth RM600 million, both local and overseas. 

 

3) Sustainable EPS but share price lagging behind

As you know, Carimin Petroleum had been shot up from RM0.205 to RM0.85 just in few months. And for Dayang, it has ranged from RM0.50 to RM3.90 within this 5 years. Too early to say it will return to its glory time but I’m sure that the downside risk is very very very limited now. (The important thing must say 3 times)

 

4) The group "firmly believe" the worst is over

“We firmly believe that 2018 will be a real turnaround for the group after experiencing poor results over the past two financial years…” You can read this statement on their latest quarter prospects. Looks like they are very confident that they will turnaround this year. 

 

5) Improving balance sheet in next few quarters/years

Dayang's management very confident that their balance sheet will continue to improve "significantly" as the impressive financial performance in the third quarter has indirectly demonstrated the financial discipline undertaken to turn around the company. 

 

If you missed the Carimin Petroleum, maybe Dayang is another good proxy to you. But please do your homework before buying. Please feel free to comment. Thank you for reading.

 

 

So what should be the Intrinsic Value of Naim

 

Uncle KYY has calculated the price of carimin due to its one quarter result

And i quote 

 

Carimin: Waiting for Correction Strategy - Koon Yew Yin

Author:   |    Publish date: 

Mon, 4 Feb 2019, 12:30 PM 

""In my previous article namely Carimin-is doing what business, I said that just based on its 1st Q EPS of 5 sen, I have projected the company will most likely report 4 X 5 = 20 sen EPS and its share price can be selling at Rm 2.00, equal to P/E 10.""

 

In the simplistic (simpleton) way of projecting carimin share price at P/E 10 Kyy used the forward EPS of 5x4 for carimin

Should we use this to calculate NAIM?

Then it will be 12.8 x 4 = 51.2 sen

And if PE 10 then NAIM should be Rm5.12 target price?

Of course not! This is not maths. This is madness

 

 

BEST REGARDS

 

Calvin Tan

Singapore

 

STOP PRESS!

 

A more realistic Value of Naim at this juncture would be:

 

1) The 30% Discount from NTA method by Ben Graham

Ben Graham & Walter Schloss look for at least 30% discount to Value of Assets

So Rm2.40 X .7 = Rm1.68 would present a 30% discount

So is the Target Price of NAIM at Rm1.68?

 

2) Marks Howard does not predict future earnings. He works from the present

So take this latest quarter true EPS of 12.8 sen

So 10 times PRESENT P/E would be Rm1.28

 

3) So wil the Target Range for NAIM be Rm1.28 to Rm1.68?

No one knows exactly how things will turn out as it is yet future

But these are some pointers

Have a fruitful & profitable day!

 

ADDITIONAL COMMENTS ON MARCH 13TH 2019 TODAY NAIM WENT LIMIT UP TO RM1.20!!

NOW IF YOU HAVE MISSED NAIM AT 50 SEN???

DON'T WORRY

 

THERE IS VELESTO!!

 

JUST LIKE NAIM GOING THROUGH A RIGHTS ISSUE AT 45 SEN WHICH DEMORALISED PEOPLE

VELESTO ALSO GAVE A CAPITAL EXERCISE RECENTLY AROUND 30 SEN

 

JUST AS CALVIN ISSUED A BUY CALL FOR NAIM AROUND 50 SEN THEN

 

NOW VELESTO IS ONLY 30.5 SEN

 

ALL THE POTENT POWER FOUND IN NAIM IS ALSO FOUND IN VELESTO (5243)

 

 

BEST REGARDS

 

Calvin Tan Research

 

THIS VELESTO WILL BE ANOTHER VERY VERY VERY CHUN CHUN BUY CALL

 

CHUN CHUN?

 

NAIM = N AIM

 

N = Nice

Aim = Aim

 

SO NAIM WAS A REALLY NICE AIM

 

CHUN CHUN ONE!!

 

Image result for picture of arrow on bulls eye

 

 

 

 

 

NOW NEW MEANING FOR VELESTO

 

VE as in VALUE

Les as in lest

To can sound like GO

 

 

SO VELESTO GOT VALUE LET'S GO AND WALLOP KAW KAW!!

 

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Labels: NAIM

Related Stocks

Chart Stock Name Last Change Volume 
NAIM 1.12 -0.02 (1.75%) 1,179,300 

  Be the first to like this.
 
qqq3 yeah chun chun

but 5% in 50 stocks how well can the portfolio do?
13/03/2019 8:44 PM
qqq3 u recommended some thing like 20 stocks in 2 weeks ............
13/03/2019 8:45 PM
calvintaneng WAHAHA!

ALL VERY CHUN CHUN CALLS

Naim at 50 sen. Now Rm1.40

Carimin(currymee) at 39 sen
13/03/2019 8:48 PM
qqq3 its fine to diversify from your core holdings in Vincent Tan and high NTA stocks and deep value investing..........its even fine to have some imaginations.

But, your imagination too rich for my taste in most cases.......
13/03/2019 8:49 PM
calvintaneng WAHAHA!

ALL VERY CHUN CHUN CALLS

Naim at 50 sen. Now Rm1.40

https://klse.i3investor.com/jsp/blog/blpost.jsp?blid=2222&blpid=197768
13/03/2019 8:50 PM
calvintaneng Carimin (currymee) at 39 sen

Chun Chun Up 100%

See

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/145533.jsp
13/03/2019 8:52 PM
calvintaneng And Penergy was another CHUN CHUN BUY CALL at 75 sen

See

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/195879.jsp
13/03/2019 8:54 PM
calvintaneng SUPER CHUN CHUN WRITE UP ON DAYANG AT 68 SEN (UNCLE KOON SAW MY WRITE UP OM PETRONAS BEING TOP 30 HOLDERS OF DAYANG (After that he secretly sold carimin and switch to Dayang)

See

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/192789.jsp
13/03/2019 8:59 PM
nckcm Calvin velesto share volume so big how up oo..
13/03/2019 9:00 PM
calvintaneng TAKE CALVIN'S CHUN CHUN ON TARGET ADVISE

TOMORROW FIRST THING MARKET OPEN

1) BUY AS MUCH VELESTO AS YOU CAN AFFORD

2) CANNOT AFFORD? THEN SELL OTHER DEAD STOCKS & GO LOAD UP ON VELESTO

3) ALSO SELL OTHER "GOOD STOCKS" THAT CANNOT GIVE YOU 100% TO 200% & BUY THE GOLDMINE VELESTO

SELL THE GOOD AND BUY THE VERY BEST

YES!!!

VELESTO WILL BE THE SECOND CHUN CHUN NAIM!!!
13/03/2019 9:03 PM
John Lu Calvin very power in 2019
13/03/2019 9:14 PM
siradrian Calvin is the best!!!
13/03/2019 9:14 PM
FamousAmos Tan End how about ur Perisai and Alam ? Why nvr update us ??
13/03/2019 9:22 PM
calvintaneng Posted by Fortune Bull > Mar 13, 2019 09:17 PM | Report Abuse

This year of pork has proven to be the year Calvin bestow with new title, King of Midas! Seems every single stock his shout turn gold! I humble apologize to Calvin for calling him King of Hollande! Anyway, in bursa, heroes are those who makes others wealthy! So again, high respect to Calvin! Cheers!

Haha BIG THANK YOU To Sifu Fortune Bull

Your name Brought Calvin lots of Good Fortune

Many thanks!
13/03/2019 9:23 PM
calvintaneng Posted by FamousAmos > Mar 13, 2019 09:22 PM | Report Abuse

Tan End how about ur Perisai and Alam ? Why nvr update us ??

Calvin failed in those years long gone

NOW GO BUY VELESTO!!

MY BEST WISH TO ALL MY FRIENDS OR "FOES"

IN THIS YEAR OF BLESSING MY HEART REACH OUT TO ALL
13/03/2019 9:25 PM
Heavenly PUNTER good job unker calvin, belanja you teh tarik one day!
13/03/2019 9:32 PM
cheoky Datuk pls help push dayang 1st. Its result and capabilities proven. Velosto still hmmmm maybe
13/03/2019 9:34 PM
moneykj I never buy back O&G stock after sold Carimin cos I want concentrate on Redtone only. Bless me in Redtone, see can achieve like Calvin chun chun call Naim or not..
13/03/2019 9:34 PM
PotentialGhost Calvin already Holland many year . This year bet Chun chun
13/03/2019 9:36 PM
Livermore u recommended so many holland stock, finally got one hit correctly, well done calvin
13/03/2019 9:38 PM
calvintaneng THIS YEAR I FEEL VERY HUMBLED

I HAVE TOTAL STRANGERS CALLING/WHATASPP ME TO TELL ME HE BOUGHT DAYANG (AFTER SEELING MY WRITEUP AND MADE RM150,000

SOME FROM PENANG TOLD ME MAKING RM100,000 AFTER SUFFERING RM200,000 BIG LOSS LAST YEAR BAD CRASH (NOW HOPEFULLY CAN RECOVER ALL RM200,000 LOSSES (not caused by me, of course)

KIND PEOPLE i NEVER MET BEFORE WHATASSP ME TO GO KL, PENANG, SARAWAK, JOHOR, PAHANG & OTHERS PLACES TO "BELANJA ME"

I FEEL SO UNWORTHY AND HUMBLED

I HOPE NO HOLLAND STOCKS PLEASE

MAY ALL BUY THE RIGHT STOCKS
13/03/2019 9:45 PM
anticonman Why so long never post suddenly post again today? Regret sold too early?
13/03/2019 10:06 PM
freddiehero hero chun chun
13/03/2019 10:06 PM
freddiehero wah lau..
13/03/2019 10:09 PM
freddiehero sama sama goreng..
13/03/2019 10:09 PM
freddiehero may all earn rich rich .. fat fat
13/03/2019 10:11 PM
freddiehero next time sure goreng lagi kaw kaw
13/03/2019 10:11 PM
anticonman calvintaneng Posted by digi_three > Feb 26, 2019 05:58 PM | Report Abuse

tomolo can buy or not sifu?

hmmm?

Very hard to answer?

I think still go buy laggards azrb, pantech & dialog

26/02/2019 18:03

calvintaneng HI GUYS
NAIM IS GOOD
BUT AS DAYANG SHOOTS UP LIKE A MISSLE
BETTER TAKE PROFIT IN NAIM AND SWITCH
13/03/2019 10:12 PM
anticonman Better ask conman tomorrow can still up/buy?
13/03/2019 10:14 PM
calvintaneng What stupid conman here and conman there?

Calvin told all to take profit after price doubled to buy other potential cheap stocks like Velesto now

Sifu John Neff said this

Sell stocks risen into strength and swith to potential laggards haven't moved yet

Made 100% in Naim

Can make 200% in Velesto why not??
13/03/2019 10:29 PM
calvintaneng And I got 100 lots of Penergy bought at 70 sen
When I saw Velesto so brimming with value and potential as Petronas going to add 10 to 14 rigs

I sold half penergy at rm1. 17 and still keeping 50 lots for RM1. 50 target price

Tell me which is the better buy?

Penergy from rm11. 70 going to Rm1. 50

Or Velesto from 30.5 sen going up to Rm1. 00?

DO YOUR MATHS PROPERLY NOW
13/03/2019 10:33 PM
calvintaneng Penergy from RM1. 17 to Rm1. 50

Or Velesto from 30.5 sen to Rm1. 00 is the better option?

"of course velesto anytime!
13/03/2019 10:35 PM
anticonman Why Velesto cannot up already?
13/03/2019 10:38 PM
calvintaneng Neither did Naim up immediately

It took one month and 6 days for Naim to go from 52.5 sen to Rm1. 20 today

So just buy velesto while cheap

Now too late to buy Naim on the cheap
14/03/2019 12:27 AM
fangyew thank you Calvin !
14/03/2019 12:40 AM
SALAM Velesto GPFC (Norwegian Fund) cashing out laa..
14/03/2019 8:43 AM
calvintaneng PETRONAS RAPID REFINERY IS A LOCAL DEMAND

ONLY MALAYSIAN REGISTERED COMPANIES ARE ABLE TO PARTICIPATE

SO DON'T BOTHER ABOUT NORWAY OR OTHER WAYS

ONLY ONE WAS NOW

BUY VELESTO!

BUY PENERGY!
14/03/2019 9:14 AM
calvintaneng THE TRUE STORY OF OIL & GAS BULL RUN IN MALAYSIA STARTED FROM JANUARY 2018, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/198052.jsp
15/03/2019 2:13 PM
anticonman Not PNB cashing out?

SALAM Velesto GPFC (Norwegian Fund) cashing out laa..
14/03/2019 08:43
16/03/2019 5:54 AM
stockraider LOOK AT BRO CALVIN ADVISE BELOW VERY PRACTICAL LOH...!!

BUT RAIDER LIKE ADD TO THE ADVICE U LOH....!!

THE BULL RUN LENGTH OR EMBRYO MATURITY IS VERY DIFFERENT LOH.....!!
A) IF U CHOSE A SMALL MOSQUITO THE EMBRYO WILL GROW TO A FLY WITHIN 1 MTH AND DIED WITHIN SAYS 2 WKS LOH...!!
B) IF U CHOSE A TADPOLE IT WILL GROW TO A FROG SAY WITHIN 2 MTHS AND DIE WWITHIN 2 YEARS LOH.....!!
3)IF U CHOSE A HUMAN EMBRYO IT WILL GROW TO A BABY WITHIN 9 MTHS AND GROW AND DIE LIKE A MAN IN 90 YEARS LOH...!!

DO U NOTICE THE SIMILIARITY LEH ??

THE SMALLER THE CREATURE THE GROWTH RATE OR BULL RUN IS FASTER BUT THE END IS ALSO FASTER LOH....!!

THATS WHY RAIDER ASK U TO CHOSE TRUE BIG CHAMPION LIKE SAPNRG THAT GIVE U LONGEST SUSTAINABLE AND STABLE GROWTH OF BULL RUN AND NOT FLY BY THE NIGHT SHORT TERM SURGE LOH...!!

IT IS THIS LONGTERM SUSTAINABLE & STABLE SURGE THAT GIVE U CLEAR CUT ADVANTAGE OF SUPERB GAIN AND RICHEST...THUS BUY HOLD SAPNRG LONG TERM JUST HOLD AT LEAST LONGTERM 3 YRS 3 MTHS FOR MAXIMUM GAIN MAH...!!

Posted by calvintaneng > Mar 16, 2019 09:35 AM | Report Abuse

PureBULL . Dear sifu calvintaneng,
Need to correct Title to Dec 2018.

The OnG bull run started by CARIMIN in Dec 2018, 4 mths till now.
Then DAYANG, 2 mths young bull only.
A long haul BULL is here for all members in i3investor, will last 1 to 2 years ...

16/03/2019 03:11

Very good morning to sifu pureBULL

Yes you are destined to be very wealthy as you believe in this Oil & Gas Bull run in a chun chun time

Now the BULL has Surfaced only for a few months Visibly for All to See Finally

Actually there are 2 phases

1) PHASE ONE

Read again my words,

"""Do you know that Oil & Gas Bull Run in its embryo was conceived in End 2017?"""

This is what happened to a frog before in emerges from the water as a tadpole stage

Also the caterpillar stage before its life transform into a beautiful butterfly later.

A baby is already a human being at conception. But it takes 9 more months for the baby to grow and emerge from the womb 9 more months later

So there was a hidden stage only the mother knows. And when he is born the whole world gets to know him. And more and more as the baby grows into a Warren Buffet, a Bill Gates or a Robert Kuok?

2) PHASE TWO

After Carimin, Penergy & Dayang have reveived JOB AWARDS In SEPT 2017 They Worked Very Hard

And What Was The Growth?

YESS. THEY SAW REVENUE GROWING & GROWING IN EVER INCREASING INTENSITY & FINALLY REPORTED IN THE EXCEEDINGLY GOOD QUARTERS

ESPECIALLY THE LAST 2 EXCEPTIONAL QUARTERS FOR NAIM & DAYANG RESULTS

THIS CAUSE ALL & EVERYONE IN MALAYSIA TO FINALLY CATCH THE BULL FEVER

So Sifu pureBULL has Arrived!!!

And many will turn bullish & very bullish later
16/03/2019 11:29 AM
FamousAmos Tan End left the counters already?? HELPPP
19/03/2019 2:47 PM


 

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