Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sun, 23 Jun 2019, 2:13 PM

 

OIL & GAS BULL PAUSE. AFTER THIS POOR QUARTER RESULT DUE TO MONSOON O&G BULL RUN WILL RESUME, Calvin Tan Research

Author:   |    Publish date:


Hi guys,

The recent poor results from Penergy, Dayang & Carimin due to monsoon, have caused a pull back in Oil & Gas Bull run. This is only temporary as BULL RUN Will resume & results for coming Quarters of August & November 2019 expected to be better.

However, we must continue to Focus on those with healthy balance sheet and avoid those highly indebted ones which might be insolvent, then go into Pn17 & finally delist due to high borrowing

WE HAVE ALREADY HIGHLIGHTED THE POTENTIAL OF UZMA

FURTHER FOLLOW UP ON UZMA BY OUR CONVERSATION WITH MANAGEMENT

Last we called UZMA Head Office & these are some updates

1) THE 22 DECOMMISSIONING OIL WELL JOBS WILL TAKE ABOUT 7 TO 14 DAYS PER WELL. EXPECTED COMPLETION FROM JULY 2018 TO JULY 2019

THESE ARE BETTER PAYING JOBS SECURED & PAYMENT FROM PETRONAS IS PROGRESSIVE. PLUS MANY OTHER JOBS ALREADY SECURED COMPANY IS SANGUINE THAT O&G INDUSTRY NOW FACING MUCH BETTER TIMES

2) COMPANY IS ACTIVELY LOOKING FOR MORE NEW JOBS OF VALUE

3) UZMA DOES NOT OWN ANY OIL RIGS BUT IT HAS 9 HWUs (Hydraulic Workover Units). In Malaysia all Off shore but HWUs in Thailand are all Onshore

These are now in active employment

4) UNLIKE BARAKAH – UZMA ASSETS ARE VERSATILE & CAN EASILY CHANGE & ADAPT TO DIFFERENT JOB NEEDS

5) OVER ALL THE OIL & GAS INDUSTRY IS NOW IN UPTURN

CALVIN TAN RESEARCH MAINTAINS ADD ON WEAKNESS.

ANYTHING BELOW 80 SEN JUST ADD MORE

 

BEST REGARDS

 

Calvin Tan

Singapore

 

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1 Revenue
105,577
110,400
193,103
209,689
2 Profit/(loss) before tax
9,285
6,510
16,516
9,827
3 Profit/(loss) for the period
8,321
7,080
16,199
13,658
4 Profit/(loss) attributable to ordinary equity holders of the parent
8,175
6,360
15,415
12,690
5 Basic earnings/(loss) per share (Subunit)
2.55
2.07
4.82
4.14
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 ($$)
1.5300
1.4800
 

 

 

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
87,526
99,289
87,526
99,289
2 Profit/(loss) before tax
7,231
3,317
7,231
3,317
3 Profit/(loss) for the period
7,878
6,578
7,878
6,578
4 Profit/(loss) attributable to ordinary equity holders of the parent
7,240
6,330
7,240
6,330
5 Basic earnings/(loss) per share (Subunit)
2.26
2.11
2.26
2.11
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 ($$)
1.4600
1.480

 

FROM NOV 2018 TO FEB 2019

ALL THESE 3 IMPROVED

1) REVENUE INCREASED 20%

2) PROFIT UP 

3) NAV ALSO NEW HIGH AT RM1.53 (AT 79.5 SEN : DISCOUNT TO NTA IS A NICE 48%) HUGE MARGIN OF SAFETY!!

 

AND SUPPORT FROM EPF BUYING

 

AND BEAR IN MIND THESE 3 FUNDAMENTAL FACTS

1) PETRONAS RAPID REFINERY NEEDS EXTRA 54.7 MILLION BARRELS OF CRUDE OIL

2) PH GOVT DEMANDS EXTRA REVENUE FROM PETRONAS TO SHORE UP BUDGET (RM30 BILLIONS GIVEN)

3) OIL AND GAS UPTURN PLUS CAPEX FOR OFF SHORE UPSTREAM NOW AT RM30 BILLIONS ENSURE LIQUIDITY

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Beary Today calvin tannenen donated 20 bucks to the church.

Next week he will issue buy call to another stock for his followers to chase.
26/05/2019 6:55 PM
calvintaneng A Summary of UZMA Salient Factors:

1) AT 79.5 SEN WITH NAV OF RM1.53 UZMA IS SELLING AT A NICE 48% DISCOUNT TO NTA. GIVING HUGE MARGIN OF SAFETY

2) 22 OIL WELL DECOMMISSIONING JOBS WILL BE COMPLETED SOON WITH EVEN HIGHER PROFITS FLOWING IN

3) O&G IN UPTURN. COMPANY IS BIDDING FOR MORE PROJECTS. KEEP FINGERS CROSSED FOR UPCOMING ANNOUNCEMENTS

4) ALREADY 2 GOOD POSITIVE REPORTING QUARTERS WHICH MET THE INVESTMENT GOLDEN RULE OF 2 SUCCESSIVE GOOD RESULTS

5) PRICE IS STILL UNDEMANDING COMPARED TO OTHERS THAT ALREADY RUN UP
UZMA IS THE VALUE LAGGARD O&G STOCKS YET TO RUN

YET TO RUN?

YESSSS!

UZMA'S TURN WILL COME SOON!!
26/05/2019 7:07 PM
(US/CHN trade war doesn't matter) Philip https://klse.i3investor.com/servlets/pfs/123029.jsp

>>>>>>>

Current performance of calvin tan research. From date of promotion until he says take profit.
26/05/2019 7:07 PM
calvintaneng I posted 2 SELL CALLS RECENTLY (BOTH IN APRIL 2019)

THOSE WHO SOLD ARE NOW LOADED WITH LIQUID CASH NOW!!



TIME TO TAKE PROFIT ON HOT STOCKS & OTHERS DUE TO T3 TURNING T2 & OTHER REASONS, Calvin Tan Research
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/203130.jsp

BEST TIME TO SELL ALL LIMIT UP STOCKS AND ALL THAT GONE UP ALOT TODAY, Be Fearful when Others Greedy, Calvin Tan Research
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/203386.jsp

AND IS NOT MY SELL CALL CHUN CHUN?

NOW AS SO MANY STOCKS HAVE RETRACED CALVIN WILL ISSUE BUY CALL SOON!!

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/205653.jsp
26/05/2019 7:17 PM
sell Why QR dare not release early if EPS 2.26 sen can repeat?
26/05/2019 8:28 PM
calvintaneng One more thing

According to Mr. Bong of Uzma

There are now too many players in the oil and gas industry

So many are bidding for jobs with low margins just to secure some works.

Petronas is happy to save costs

But Uzma is looking for higher profit quality jobs

Chairman has set a Target to achieve at least 35% gross profit.

This is commendable
26/05/2019 8:29 PM
calvintaneng Sell your head!

Qtr of Uzma for May every year is regularly released on May 30th each year

Better buy some Uzma tomorrow as results will be out by Thursday latest
26/05/2019 8:31 PM
shortinvestor77 No dividend declared for so long. High risk!
26/05/2019 8:40 PM
calvintaneng The oil and gas industry has too many players. The downturn of 2014 to 2018 will wipe out many players too greedy for over expansion by high borrowings

4 years of job dearth now showed up in many oil entities heavy laden with huge debt load and tethering on the verge of bankruptcies

Long ago there were many companies selling palm oil for cooking.
In a time of consolidation many were wiped out

Those that survived became stronger

Same goes for banking institutions before Asian Financial Crisis
They were 49 banks and credit firms before 1997 crisis

After crisis over many gone bankrupt or got taken over. Only 6 Tier One banks left out of f 49 after banking consolidation. Six banks grew stronger as the pie gets bigger

So now after oil and gas entities like sumatech, daya, perisai, Barakah, Alam Martin, Scomi, and possibly including some others highly indebted ones also going bankrupt...the remaining strong ones will get stronger and stronger

Uzma could be one of them bright star
26/05/2019 8:41 PM
calvintaneng At this time of shrinking liquidity due to

1. Norway Fund selling Malaysian Govt bond

2. Lafarge owner selling out cement operations in Malaysia to local players like Ytl

3. Foreign funds selling klse and leaving

Banks are in dire need of liquid cash

As such they are very stringent with housing, car or any loans for the matter

4. Those oil and gas entities as well as other highly indebted companies will be in trouble borrowing funds from banks.

5. So as a result there will be more private placements with 10% discount to share price to raise funds. In the case of seacera the pp discount was able incredible 30% which showed desperation and panic

6. If no one wants pp then Company goes into Rights Issue. Companies like Sendai might be next to give Rights Issue as well as many oil and gas entities with high debts

7. If everything failed like barakah then it goes into pn17 and final bankruptcy

So it is of utmost importance that we invest in companies with sound balance sheet like Uzma, T7 global, Azrb, Velesto and others
26/05/2019 8:52 PM
calvintaneng Shortinvestor

You are shortsighted

Warren Buffet Berkshire never give dividend yet it is the best on earth
26/05/2019 8:55 PM
calvintaneng As oil and gas theme still in cyclical uptrend just hold tight and buy more on any weakness.
27/05/2019 1:10 AM
calvintaneng Hi guys

Take a very very very careful look at the figures of

Feb 2019 results

Revenue dropped from Rm110 millions to Rm105 millions

BUT profit increased from

9285 from 6510 or an increase of 30%

Well done to Uzma management as they did what they promised

Going for minimum 35% gross profit jobs!!

This is what separates Uzma from other mediocre oil and gas entities
27/05/2019 11:31 AM
kelvin calvintaneng Shortinvestor

You are shortsighted

Warren Buffet Berkshire never give dividend yet it is the best on earth

----------------------
lol, you compare warren buffet with uzma ???

are you retard ????

name of warren buffet already worth more then the dividend
27/05/2019 4:06 PM
calvintaneng Hahaha!

Today Uzma comes out top gainer over Dayang, Penergy, Carimin and Naim

All closed in the red while Uzma closed green

Hip hip hooray!!!
27/05/2019 10:29 PM
calvintaneng After "Sell in May and go away"
All will gradually return back to bursa

This is now the best of time to bargain hunt potential growth theme stocks of year 2020

Thematic stocks of year 2020?

What are they?

VMY2020 stocks, of course!!

Now go and do your investigations!!!

Seed time now will lead to a bountiful harvest 6 months or more down the road!
28/05/2019 10:04 AM
calvintaneng WAHAHA!!!

TODAY OIL AND GAS COUNTERS COMING ALIVE AGAIN!!!

ANOTHER CHUN CHUN FORECAST FROM CALVIN TAN RESEARCH
30/05/2019 5:16 PM
stevefei hello, one day show.
03/06/2019 3:56 PM
calvintaneng Today this prediction is Chun Chun

All oil and gas counters now moving up
20/06/2019 11:54 AM


 

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