Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sun, 21 Apr 2019, 11:02 AM

 

T7 GLOBAL (Tanjong Offshore) - Why it will benefit from ECRL (East Coast Rail Link), Calvin Tan Research

Author:   |    Publish date:


Hi guys,

PETRONAS 1ST SELECTED 5 OGSEs On Sept 2017 Then PETRONAS again made 2nd seletion for OGSE Again on July 2018 This time expanded from 5 OGSE to 12 (Penergy was chosen Twice)

Now T7 Global was not among them because T7 Global was SME supporting OGSE

Why T7 Global was not mentioned among SMEs support OGSEs? Answer was due to OGSE not paying SME like T7 Global on time

See

 

What O&G recovery? Subcontractors still not paid on time

 

 

AFTER a long and tedious wait, the country’s oil and gas (O&G) services companies are finally beginning to enjoy the benefits of better crude oil prices and increased upstream spending by oil majors.

But while some listed companies have started to see a positive turnaround in the latest results season, The Edge has learnt that some smaller vendors have yet to be paid, even though they have completed their subcontracts.

“Sorry to say [but] some OGSE (oil and gas services and equipment) companies are having problems getting their payments down the line,” says an executive at an offshore services company.

“This does not happen with the NOCs or IOCs (national or international oil companies), but it is more on the part of the main contractors.”

Late payments to smaller vendors in the sector have been occurring for decades, information gathered by The Edge reveals.

However, it has got worse following the prolonged oil price downturn in 2015, and unfortunately, shows no signs of improvement despite the nascent recovery in the sector.

Delayed payments could put a dent in Petroliam Nasional Bhd’s (Petronas) consolidation agenda.

According to Petronas president and group chief executive Tan Sri Wan Zulkiflee Wan Ariffin, the norm is for Petronas to pay the main contractors as they are its “single point of contact”.

That payment is then to be made down the line to the subcontractors. However, when certain main contractors do not keep their end of the bargain, subcontractors may no longer wish to participate, never mind consider mergers and consolidation.

The payout may be small relative to the main contractor’s finances, but it is critical for small and medium enterprises. Halting payment amounts to tightening the cash flow — the lifeblood of a company.

The national oil and gas company is cognisant of the problem. “We are pretty conscious; we know about the cash flow issue faced by some of our service providers,” Wan Zulkiflee said at Petronas’ FY2018 results briefing last Friday.

“On our part, we do take this into account [in] our selection of main contractors [based] on their previous [payout] performance,” he says, adding that Petronas does intervene in some contracts.

However, sometimes its hands are tied.

“The main contractors are our single point of contact, [and] there are certain terms in the contract that sometimes restrict us from full intervention. So, it is kind of on a contract-by-contract [basis], but we are fully aware of this issue, [and] we have taken initiatives.”

Separately, last year, Petronas initiated a matchmaking scheme, called the Vendor Financing Programme, under which seven financial institutions have been roped in to provide vendors easier access to financing.

“Essentially, all these efforts are to ease the cash-flow problems faced by subcontractors,” Wan Zulkiflee says.

The industry executive confirms that Petronas has intervened in the past and that certain small vendors managed to bypass the main contractors to be paid directly by Petronas and its partners.

“We also understand the grievances … for main contractors, the rates are still low. They show profit on paper but cash flow is another issue altogether.

“But [the non-payment] is a valid complaint,” the executive says.

Malaysia has in excess of 2,700 active O&G companies, most of which are SMEs. Fewer than 50 are listed on Bursa Malaysia.

Previously, Petronas had said it would leave industry restructuring and consolidation to market forces as less capable SMEs are expected to drop out and the more capable ones emerge stronger in the long run.

This year, Petronas expects to allocate RM15 billion out of “slightly over RM50 billion” in capital expenditure for the domestic upstream segment, up from around RM12 billion last year.

But if the issue of non-payment of smaller players persists, O&G SMEs — including the better ones — may end up adrift due to cash-flow concerns, preventing the successful implementation of Petronas’ agenda to build a stronger O&G industry for the future.

SO HERE WE SEE THE PROBLEMS SOLVED

PETRONAS WILL BYPASS OGSEs & DEAL WITH SMEs like T7 GLOBAL DIRECTLY

AND T7 GLOBAL SHOULD SEE MUCH BETTER TIMES AHEAD

Seeing this Insiders in 2019 have bought more T7 Global shares

See

 

NOW T7 GLOBAL ALSO SECURED 2 FRESH JOBS THIS YEAR

MULTIPLE PROPOSALS T7 Global Berhad (the Company or T7Global) - Letter of Award for provision of splash zone structural repair and maintenance from Petronas Carigali Sdn. Bhd. and Letter of Award for umbrella contract for the provision of manpower services from Vestigo Petroleum Sdn. Bhd.

T7 GLOBAL BERHAD

 

Type Announcement
Subject MULTIPLE PROPOSALS
Description
T7 Global Berhad (the Company or T7Global) - Letter of Award for provision of splash zone structural repair and maintenance from Petronas Carigali Sdn. Bhd. and Letter of Award for umbrella contract for the provision of manpower services from Vestigo Petroleum Sdn. Bhd.

The Board of Directors of T7Global wishes to announce that Tanjung Offshore Services Sdn. Bhd. (“TOS”), a wholly-owned subsidiary of the Company had received the letter of award dated 24 December 2018 from Petronas Carigali Sdn. Bhd. for the provision of splash zone structural repair and maintenance.

 

In addition, Fircroft Tanjung Sdn. Bhd., a subsidiary of TOS, which in turn is a sub-subsidiary of the Company had received the letter of award dated 19 October 2018 from Vestigo Petroleum Sdn. Bhd. for an umbrella contract for the provision of manpower services.

 

Please refer to the attached file for details of the announcement.

 

This announcement is dated 12 March 2019

T7 won not just one, but 2 Fresh Jobs

1) T7 Global Berhad (the Company or T7Global) - Letter of Award for provision of splash zone structural repair and maintenance from Petronas Carigali Sdn. Bhd.

2) and Letter of Award for umbrella contract for the provision of manpower services from Vestigo Petroleum Sdn. Bhd.

 

AND MORE JOBS FROM PETRONAS COULD BE EXPECTED IN COMING DAYS & MONTHS

 

NOW T7 GLOBAL HAS SUCCESSFUL DIVERSIFIED FROM PUR OIL & GAS INTO OTHERS LIKE REAL ESTATE INVESTMENTS, AEROSPACE & CONSTRUCTION

These projects have kept T7 Global afloat through all the bleak times that befell other OnG Entities now teetering on insolvency and bankruptcy

So all the past 4 quarter results of T& Global have been positive in a sea of red

NOW EMERGING STRONGER IT WILL SEE BETTER TIMES

 

AND ECRL IS ANOTHER CHUNCHUN BONANZA FOR 3 REASONS

1) Like AZRB, TALAM, PRESTAR & LAFARGE -- T7 GLOBAL HAS ASSETS ALONG THE ECRL ROUTE

IT HAS A RM200 MILLIONS AEROSPACE INDUSTRY IN SERENDAH, SHOPS IN SETIAWANGSA & MARINE YARDS IN KEMAMAN

 

2) ECRL WILL ENHANCE ITS AEROSPACE BUSINESS IN SERENDAH AS WELL AS ITS OIL FRABICATION YARDS IN KEMAMAN

 

3) A POSSIBLE JOB FROM ERL WITH ITS PARTNERSHIP WITH CHINA CONTRACTOR

 

ONE MAJOR UPCOMING INDUSTRY IN MALAYSIA IS AEROSPACE INDUSTRY

Like PETRONAS RAPID Which will Add Value To Malaysia (A copy of JURONG ISLAND OIL HUB Which contributes to 1/3 of SINGAPORE GDP  -- SO IS AEROSPACE

In fact Spore being at the Crossroads of World Air Travel is a Very Powerful Airhub

And Many will ride on the Success of Aerospace industry as well

 

See KL - SPORE IS THE WORLD'S BUSIEST AIR ROUTE FOR 2 YEARS STRAIGHT!

 

 

KUALA LUMPUR: The Kuala Lumpur-Singapore flight route, which operates 30,187 flights annually has been crowned the world’s busiest international route, for a second straight year.

 

Following closely on its heels is the Hong Kong-Taipei route as the second busiest international route overall, with 28,447 operating flights, according to an OAG statement.

 

Rounding out the world’s top five busiest international routes were Jakarta-Singapore, Hong Kong-Shanghai and Jakarta-Kuala Lumpur, and this is likely due to high demand for low-cost carriers, especially those that operate out of Jakarta and Kuala Lumpur.

 

“In addition to Hong Kong, which plays a strategic connecting role for many carriers, Singapore, Kuala Lumpur and Jakarta have become Asia’s new ‘golden triangle,’ mimicking the influence of major United States (US) hubs, Boston, New York and Washington,” said OAG head of ASPAC, Mayur Patel.

 

The analysis by OAG, the world’s leading provider of travel data and insight, was based on operating flight volume, including insight into on-time performance and carrier frequency at the route level, both domestically and internationally.

 

For more insights on the world’s busiest international and domestic routes, contact 

 

EVEN AIRBUS IS BULLISH ON

 

SEE

 

Airbus expects jobs in Malaysia to hit RM2.24bil

 

KUALA LUMPUR: European aerospace firm Airbus expects the value of works undertaken in Malaysia to grow more than 30% to US$550mil (RM2.24bil) per year by 2023.

This will be achieved on the back of higher production rates, the company’s investment in its local subsidiaries and joint ventures, as well as potential new projects currently under evaluation.

Airbus Asia-Pacific president Jean-Marc Nasr said the drivers for growth would be the increase in air traffic production and maintenance, repair and overhaul (MRO) services.

“The US$550mil is up over a third from US$400mil (RM1.62bil) in 2018,” he said at a briefing ahead of the upcoming Langkawi International Maritime and Aviation Exhibition (LIMA) 2019 air show this week.

“Passenger traffic growth over the next 20 years is projected to grow 5.5% annually in the Asia-Pacific compared with 4.4% for the rest of the world. The MRO business is also growing and having more aircraft to work on means more jobs,” Nasr said.

Airbus’ local suppliers include CTRM, SME Aerospace, Spirit AeroSystems and SDMK.

Our supply group in Malaysia is the largest in South-East Asia. We’ve been in operations here for about 20 years and we see strong potential in Malaysia compared with other countries or regions,” said Nasr.

According to him, about 727 Airbus aircraft have been ordered to date by Malaysia Airlines (MAS) and the AirAsia group. Of this, 592 units are from AirAsia; 96 from AirAsia X and 39 from MAS.

“So far, 219 units have been delivered to AirAsia and AirAsia X have taken delivery of 20 aircraft. MAS has taken delivery of all its aircraft,” said Nasr.

Additionally, Nasr said Airbus’ Malaysian workforce is expected to grow to about 1,200 employees by 2023 from 850 people today.

Malaysia is Airbus’ third largest market in the Asia-Pacific after China and India, with the country’s airlines having ordered more than 700 commercial airliners from the company.

Today, around 300 commercial aircraft and about 100 helicopters manufactured by Airbus are in service in the country.

Separately, Nasr said Airbus is “monitoring the Brexit situation very closely.”

“Brexit is a key concern for us. It’s a government situation and we have taken certain provisions. It’s still too early to say if something bad will happen but we are monitoring the situation closely.”

Airbus will be the largest international exhibitor at this week’s LIMA 2019, with a major presence covering its entire range of commercial aircraft, defence, space and helicopter products and services.


Read more at https://www.thestar.com.my/business/business-news/2019/03/26/airbus-expects-jobs-in-malaysia-to-hit-rm224bil/ 

 

SEE T7 GLOBAL AEROSPACE FACTORY IN SERENDAH

 

T7 Global positive on aerospace venture

20 AUG 2018 / 20:55 H.

 

KUALA LUMPUR: T7 Global Bhd, which believes its diversification effort into aerospace manufacturing will break even in three to four years, is positive about the prospects moving forward with the oil price stabilising and more contract awards from Petroliam Nasional Bhd (Petronas). 
T7, formerly Tanjung Offshore Bhd, is principally involved in providing comprehensive services to the oil and gas (O&G) industry. It has an order book of RM800 million to keep it busy for the next few years and a tender book of RM2 billion to sustain the group’s operations and diversification plans. 
Executive deputy chairman Tan Sri Tan Kean Soon said O&G is still its core business, constituting 80% of its revenue. 
“Over the past few years, oil price plunged low but as of today, we’re hitting over US$70 per barrel, hence more and more projects will be coming from Petronas. We’re also bidding for a number of tenders, hopefully by year end or next year, things will look up for the O&G industry,” he told a press conference after its EGM today. 
Tan said T7 is banking on its three businesses – O&G, aerospace and infrastructure & construction. 
On its diversification into aerospace, the group expects its factory in Serendah to be operational by year-end and for it to obtain the necessary accreditation by the first quarter next year, before getting customer approvals and subsequently the aerospace contracts. It is partnering Kilgour Aerospace Group, a UK high value manufacturing company to set up the surface metal treatment facility. 
Chairman Datuk Seri Dr Nik Norzrul Thani said an aerospace contract has a tenure of 30-40 years and provides a good margin, generally better than O&G contracts. He said there is a backlog on supply, adding that the government is also interested to push the agenda for aerospace. 
“Our aim is to become a high value manufacturing company. We aim to depend less on O&G ultimately, but growing it at the same time.” 
On dividends, Nik said the group is tightening its belt now to invest for the future. 
“If you’re willing to wait and have staying power for the long term, we’re all involved. It’s our aim to make sure the value (of the company) goes up, by being in an industry and having projects that make money. We feel aerospace is one of them.” 
Meanwhile, he explained that the review of the East Coast Rail Link by the government will not affect T7 as they are just bidding for the work packages at this stage.

 
 
 
 
 
SO HERE YOU GO:--- LIKE NAIM BEING WELL DIVERSIFIED YET WITH OIL & GAS EXPOSURE THROUGH DAYANG,,,T7 GLOBAL HAS ITS TANJONG OFFSHORE EXPOSURE TO OIL & GAS BUSINESS --- BUT IT HAS A WHOLE LOT OF OTHER INTERESTING BUSINESSES
BEST REGARDS
Calvin Tan Research
 
 
 
 
 
 
 
 
What will Malaysia do as Asia’s Only Finance Market Loser of 2019 | Simple Malay ThingsSimplemalay.com|
 
 
 
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Jan 2019 Petronas arranged Loans of SMEs from 5 Banks 

 

Share this
Labels: T7GLOBAL

Related Stocks

Chart Stock Name Last Change Volume 
T7GLOBAL 0.505 0.00 (0.00%)

  LaoTzeAhSir likes this.
 
calvintaneng https://www.jobstreet.com.my/en/companies/625456-t7-global-berhad
26/03/2019 6:29 PM
calvintaneng To sum it up

T7 global is like a smaller Naim

NAIM has 4 engines of growth including dayang

T7 global has also several engines of growth

1. Oil and gas through tanjong off shore

2. Construction possible jv with China com

3. Real estate

4. Aerospace

5. Others
26/03/2019 6:38 PM
johnny cash Good write up calvin, thanks
26/03/2019 7:14 PM
calvintaneng ECRL (EAST COAST RAIL LINK) LAFARGE WILL BE TOP BENEFICIARY FOR CEMENT & AGGREGATE, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/199876.jsp
27/03/2019 9:51 PM
fl888 Icon is another good bet.....
27/03/2019 10:28 PM
maselankacak Why lah calvin always abuse capital letters. Your Caps Lock rosak ke?
28/03/2019 11:12 AM
28/03/2019 5:46 PM
calvintaneng Capital letters mean shouting louder about a great stock

When there's a sale people even use loudspeakers
28/03/2019 6:01 PM
fatimah huruf besar... cepat ke Holland
28/03/2019 6:02 PM
enigmatic @calvintaneng,
The following was posted by you last year. What happened to investors when they followed you to buy MRCB at RM0.985 last year?

Posted by calvintaneng > Mar 26, 2018 8:53 AM | Report Abuse

Good morning to all here,

i3lurker,

Calvin asked all to buy JTiasa at Rm1.18. Calvin also asked people to buy drb at 92 sen, prestar at 46 sen.

So don't tell lie early early morning. You won't have a good day for telling lies.

NOW LISTEN

ON THIS DAY CALVIN TELLS ALL TO BUY MRCB AT 98.5 SEN

DON'T BLAME CALVIN ONE DAY IF YOU DID NOT BUY BUT CHASE IT AFTER IT TOUCHES RM1.80

GET IT STRAIGHT!!
28/03/2019 9:18 PM
calvintaneng Posted by enigmatic > Mar 28, 2019 9:18 PM | Report Abuse

@calvintaneng,
The following was posted by you last year. What happened to investors when they followed you to buy MRCB at RM0.985 last year?

Posted by calvintaneng > Mar 26, 2018 8:53 AM | Report Abuse

Good morning to all here,

i3lurker,

Calvin asked all to buy JTiasa at Rm1.18. Calvin also asked people to buy drb at 92 sen, prestar at 46 sen.


YOU ARE CORRECT!!

Calvin mentioned buy

1) Mrcb at 98.5 sen

2) Buy JTiasa at Rm1.18

3) Buy DRB at 92 sen

4) Buy Prestar at 46 sen

Now let's see

Both MRCB & JTiasa crashed. Mrcb not so bad but Jtiasa quite bad as price is now less than 50% (WOW! Jtiasa now only 53 sen sure can buy some!)

DRB at 92 sen was chun chun at its peak over Rm2.70 (Up 200%)

Prestar 46 sen also chun chun up 200% at its peak

SO LET'S DO OUR SUM

Calvin called to buy 4 shares = Mrcb, Jtiasa, DRb & Prestar

Each share maximum loss is 100% so 4 shares maximum total loss will be 400%

Now let's see again

1) JTiasa lost more than 50%

2) Buy call for Mrcb was 98.5 sen & today it is 87.5 sen (So lost 11 sen? Cry father cry mother already?)

What about Prestar making 200% & DRB also making 200%

SO TO SUM ALL PROFITS & LOSSES

CALVIN 4 STOCK STILL GAIN OVER 300%!!!

HUHUHU!!!
28/03/2019 9:29 PM
enigmatic "CALVIN 4 STOCK STILL GAIN OVER 300%!!! "

EVERYONE, PLEASE REMEMBER THIS.
Calvintan tells you, buy this O&G stock, then that O&G stock.
If win, he will brag and brag.
If lose, he will say "I also told you to buy (insert his 1 winning stock out of 20 odd stocks he has here)"
28/03/2019 11:28 PM
calvintaneng Yes remember to buy T7 global

TSVT maybe inside

Why Tun Dr M patronise T7 booth in langkawi?

What about Petronas and Ecrl jobs for T7
29/03/2019 11:57 AM
calvintaneng Calvin followed Uncle Koon?

Or Uncle after reading Calvin's write up then bought into Carimin and Dayang?

Which is which?

Go and find out the truth
29/03/2019 1:59 PM


 

1916 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 0.870.00 
 KOTRA 1.630.00 
 UCREST 0.240.00 
 PINEAPP 0.3750.00 
 PUC 0.090.00 
 WILLOW 0.4650.00 
 IRIS 0.1650.00 
 BTECH 0.250.00 
 3A 0.9250.00 
 TENAGA-C57 0.0650.00 

TOP ARTICLES

1. UNVEILING A POTENTIAL UPTREND COUNTER WITH LIMITED DOWNSIDE RISK !!! Bursa Master
2. QES - capable to support HUAWEI 5g Technology in ICT Bandar Malaysia(updated) share4u2019
3. The Stock Market is the Fastest Way to Stimulate Our Economy - Koon Yew Yin Koon Yew Yin's Blog
4. STOCKS I SWEAR BY - HEAVENLY PUNTER Heavenly Punter
5. TCapital Group - 冷眼【漫漫投资路第7步】现金流为王/冷眼 TCapital Group ( 冷眼慢慢投资 )
6. (Forecast) FLBHD (5197), JAYCORP (7152), LIIHEN (7089), POHUAT (7088) Quarter Report PE and ROE Share Forecast
7. Eversendai: Risk in Investing kcchongnz kcchongnz blog
8. Evidence for the resurrection! BY Josh McDowell(Calvin Tan Research) Sharing on this Easter Sunday Morning to All Dear i3 Forumers THE INVESTMENT APPROACH OF CALVIN TAN
Partners & Brokers