Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Thu, 27 Jun 2019, 11:00 PM

 

A LOOK AT 5 YEAR CHART OF ASB : 1481 (ADVANCE SYNERGY BHD) AS A CYCLICAL ASSET PLAY, Calvin Tan Research

Author:   |    Publish date:


Hi guys, (please read to the very end while I type)

Sifu Peter Lynch said he bought & sold over 2,000 shares in their Ups & Downs & his Magellan Fund even beating Warren Buffet's Berkshire for more than a decade. For some Cyclicals he even bought 3 or 4 times in their cycles

Peter Lynch classified Stocks into 6 Categories

 

1) Slow Growers

2) Fast Growers

3) Stalwarts

4) Turnaround

5) Cyclicals

6) Asset Play

 

For Warren Buffet and Charlie Munger they usually go for Stalwarts & Fast Growers & generally avoided Turnaround, Cyclical & Asset Play. So followers of Buffet cannot understand people like Peter Lynch who made a great success of buying into Turnaround, Cyclical & Asset Play type of stocks.

Look at this 5 year chart of ASB as you will notice its Cyclical Nature

 

ADVANCE SYNERGY BERHAD [S] (1481)

Company Website 
Annual Report 
General Meetings

 

 


ADVANCE SYNERGY BHD (1481) Chart
 
 
Do you notice that ASB shot up like a rocket in early 2014 from 15 sen to 26 sen for a 73%  upside? And after more than one year in mid 2015 it dropped back to 15 sen.
 
ASB dropped to a low of 10 sen in 2017 before shooting back to 21 sen for 100% upside just 3 months later before dropping back to 12 sen in early 2018
 
Then after PH Govt won May 9th Election ASB again jumped from 12 sen to a high of 22.5 sen for an upside of 87%. And this was due to Rumour that ASB is linked to Anwar Ibrahim
 
As of now ASB has retraced back to a moderate 14.5 sen
 
THE TRICK TO BUY CLICAL & ASSET PLAY ACCORDING TO SIFU PETER LYNCH IS TO BUY WHEN IT IS OUT OF FAVOUR.
 
BUT THAT IS NOT ALL. A COLD STOCK CAN REMAIN COLD FOR A LONGER TIME
 
SO HE SAID YOU MUST WATCH OUT FOR  CATALYSTS
 
1_ A CYCLICAL CAN CHANGE BY NEW DEVELOPMENTS LIKE INFRAR PROJECTS & FRESH JOB AWARDS (WE SEE THAT IN THE OIL AND GAS BOOM IN EARLY 2019)
 
2) OR IT CAN COME ABOUT BY SALE OF ASSET OR RUMOUR OF ASSET SALE LIKE DOLOMITE & MUI BHD SELLING CORUS HOTEL HYDE PARK LONDON
 
SO THAT IS THE SECRET!
 
NOW WHY IS CALVIN BULLISH ON ASB?
 
THESE ARE MY ANSWERS
 
1) AT 14.5 SEN ASB IS NOW NEAR THE BOTTOM OF ITS CYCLE (YOU SHOULD BUY WHEN CHEAP AND THERE IS VALUE)
 
Is it cheap at 14.5 sen current price for ASB?
 
YES. 5 YEARS AGO AFTER PROMOTING PM CORP I POSTED ON ASB
 
 
PLEASE GO TO ASB FORUM WITH ME AND SCROLL BACK AND CONTINUE TO SCROLL BACK TO YEARS GONE BY.  MORE THAN 5 YEARS AGO
 

 Posted by calvintaneng > May 15, 2014 10:08 AM Report Abuse X

Dear Friends at ADVANCE SYNERGY BERHAD, 

ASB was a high flyer before the Asian Financial Crisis. In 1997 ASB was traded at a high of RM4.70. At 15 Cts now ASB has fallen 97% from its peak. 

I had bought & sold ASB between RM1.50 to RM2.50 in those GoGo Years. For the whole year ASB has been trading at a range bound of 13 cts to 17 cts. Very dull? 

I think not for long you will see some activity here when RHB Research, Public Bank Research, Nanyang Siang Pau & others finally take notice of its immense hidden VALUE. 

GOOD NEWS!! 

ACCORDING TO LATEST COMPANY ANNOUNCEMENT ASB HAS JUST SOLD A HOTEL IN FRANCE FOR RM46.8 MILLIONS. THE PURCHASE PRICE OF HOTEL CUM RESTAURANT WAS ABOUT RM15 MILLIONS IN YEAR 2009. 

So There is a HUGE PROFIT OF ABOUT RM30 MILLIONS FOR ASB - EQUIVALENT TO 6 CTS A SHARE. A WHOPPING 40% GAIN!! 

Current Price is 15 CTS. Adjusted price should be 15+6 = 21 Cts. If Value Is Reflected By The Investing Public. And the hotel is only the Tip of the Ice Berg. ASB has an NTA of over 80 Cts. All The Other ASB Assets Are Also Highly Valuable. If Sold or Revalued Price Should Cross RM1.50 at the very least. 

SO ASB IS ACTUALLY SELLING AT A HUGE DISCOUNT TO NET NET ASSET BACKING. 

I have Set A One Year Target Price For ASB at 30 Cts. At 15 Cts Now That Means That It Will Be a 100% Upside. 

Regards, 

CALVIN TAN RESEARCH 


Posted On 15th May 2014 at 10.10am Singapore Time.

 

Calvin continues:

 

AS YOU CAN SEE AFTER I POSTED ON MAY 15TH 2014 WHEN ASB WAS ONLY 15 SEN WITH UNLOCKING OF ONE ASSET SALE THE PRICE OF ASB TOOK OFF AND GONE UP BY 73%

 

AND THE COMMENTS CONTINUE

 

 Posted by calvintaneng > May 16, 2014 8:25 PM Report Abuse X

Zu 1967, 

I asked OSK Iskandar Top Boss to check up on ASB. The Hotel Cum Restaurant in France was purchased in year 2009 for about RM15 Millions. Some party has paid a down payment for this property for a Sale price of RM46.8 Millions. The deal will be completed by July 2014. 

Although there is a gross profit of about RM30 Millions the proceed of the Sales will 

1) Settle Bank Loans 
2) Reduce gearing as a result. 
3) NTA will increase by 2 cts. 

This is a brief summary from him as he is very busy with 26 Dealers & Remisiers under him. Anyway he will monitor this Stock for any further development. 

ASB has other Valuable Properties Still Not Revalued. And since price range of ASB has been around 13 Cts to 17 Cts The Price Has Not Been Goreng Up By The Market. 

I think the Gross 6 Cts Profit From The Property Sale is a positive move. By selling off a few more High Value Properties ASB will be debt free. 

If you ask me to chose between LCTH which has run up in price or ASB. I think I will opt for ASB 

Regards, 

Calvin Tan

 

 Posted by whkwoon > May 15, 2014 11:35 AM Report Abuse 

We look at return not assets , high assets value no meaning unless realised. just like Kuchai high Assets low profit what for. wait till kingdom come ? may as will deploy our cash to more active growth stock. May money stuck in ASB with little return for years.

 

 Posted by zu1967 > May 19, 2014 10:49 AM Report Abuse 

Calvin. Bought asb at 14.5. U are right. The stock is going to fly. Huhuhuhu

 

Posted by valuemaster > May 19, 2014 2:48 PM Report Abuse 

16.5, so fast someone sapu?

 

 Posted by AeroJec Tan > May 19, 2014 9:22 PM Report Abuse 

Today last 2mins clear all 0.17, tomorrow may gap up...

 

Posted by trader8899 > May 20, 2014 2:32 AM Report Abuse 

This counter has been in hibernation for so long and finally smart money started to get noticed about the undervalued stock after selling some assets in France and a few corporate exercises last few years. Who is Ahmad Sebi Baker? Find out more about him and you can understand why ASB is a jewel crown that has assets all over the world and that this guy is keeping a very low profile from public eyes. 

http://ffrreeddiiee.blogspot.com/2012/07/lim-guan-eng-anwar-remains-da...

 

Posted by calvintaneng > May 20, 2014 2:34 AM | Report Abuse 

X

Just arrived in Singapore. Well, since no one has posted any detail about ASB's Other Highly Undervalued Properties let me give you just one example: 

In the 2012 Annual Report of ASB Under Top 10 Properties 

A Freehold Industrial Land & Building Was Purchased In Section 22, Shah Alam, Selangor In Year 2003 for RM31,909,000 

The Land size is 61,492 sq meter. 

Now let's do a simple Calculation & Then Its Valuation 

Land is 61,402 sq. meter. 1 sq meter = 10.7639 sq ft 

So 61,402 x 10.7639 = 660,924 sq ft. 

According to PROPERTYGURU MY Listing. Industrial Land With Buildings are priced between RM200 psf to RM600 psf. For Section 22 Freehold Factories & Lands They are Priced around RM580 psf. 

Let's take a very conservative figure of The Very Lowest Price at Only RM200 psf 

So 660,924 x RM200 = RM132,184,800 

Now Minus Original Purchase Price of RM31,909,000 (Year Bought 2003 - 11 years ago) 

So RM132,184,800 - RM31,909,000 = A Surplus or Profit if Sold = RM100,275,000 

Now let's divide by outstanding shares of ASB - 513,720,000 shares 

So 100,275,000 divided by 513,720,000 = 19.5 Cts 


YES THIS WILL BE THE NET PROFIT IF THE SHAH ALAM SECTION 22 LAND & BUILDING IS SOLD. 

So at Current Price of 17 cts ASB IS SELLING FAR FAR BELOW NTA AND ALSO BELOW NET CASH VALUE IF JUST ONE PROPERTY IS SOLD. 

AND THERE ARE 7 MORE VERY HIGHLY VALUABLE PROPERTIES IN ASB'S TOTAL HOLDINGS. 

NOW CAN YOU SEE WHY ASB IS FAR MORE VALUABLE THAN LCTH MANY TIMES! 

Do Your Own Due Diligence. 

Get Accountants & Valuers To Double Check What I Say Whether It's True or Not 

Regards, 

Calvin Tan 

2.30a.m. 20.05.2014 Singapore Time 

Good night.

 

AS YOU CAN SEE FROM THIS POST DATED MAY 20TH 2014 (MORE THAN 5 YEARS ALREADY) ASB FINALLY GOT A BUYER FOR RM124 MILLIONS (CALVIN FORECAST WAS RM132 MILLIONS: ACTUAL SELLING PRICE IS RM124 MILLIONS - A DEVIATION OF RM8 MILLIONS OR 6%) 

NOW THAT ASB HAS A 2 FOR I ICUL CONVERSION SO THE NEW PROFIT (NET) IS STILL GOOD AT 8.3 SEN

 

THE SUDDENLY PRICE SURGE IN YEAR 2014 WAS DUE TO 6 SEN PROFIT FROM FRENCH HOTEL SALE

THIS YEAR BY END 2019 THE SHAH ALAM LAND WILL BE SOLD FOR RM124 MILLIONS. IT SHOULD REGISTER A NET PROFIT OF 8.3 SEN BY FEB 2020 (BY THEN SOME MEDIA OR PAPERS WILL COME OUT TO RERATE ASB)

 

 Posted by iPlay > May 20, 2014 9:47 AM Report Abuse 

In 1993 bull run. ASB >RM10...... But that is history!

 

 Posted by calvintaneng > May 20, 2014 10:27 AM Report Abuse 

X

Iplay, 

Wow! ASB was RM10.00 in 1993 KLSE SUPER BULL RUN! 

We Are Really Fortunate to Buy ASB Below 20 cts - A Whopping 98% Discount!

 

Posted by calvintaneng > May 20, 2014 10:45 AM Report Abuse 

X

Good Morning Again, 

Let's Look At Another Interesting Property By ASB 

In The Heart of Kuala Lumpur - The World Number 4 Shopping Destination according to CNN 

ASB has an 18 Storey Hotel 

Address is no. 69, Jalan Haji Hussein, 50300 Kuala Lumpur 

It is Freehold with Land Area of 3,214 sq meter 

1 sq meter is 10.7639 sq ft. So 3,214 x 10.7639 = 34,595 sq ft. 

Date of Purchase or Last Value was 25/03/2005. 

Purchase price was - RM29.077,000 

Our Hotel Cum Restaurant in France Bought in Year 2009 for RM15 Mil Was Sold For A Huge Profit of Over RM30 Mil at A Sale Price of RM46.8 Mil 

This KL Hotel Should Do Better Because: 

1) KL Is In A Property Bull Run 
2) Greater KL MRT Will Further Enhance Value 
3) The World Famous Lonely Planet Has Included Malaysia as the Top 10 Tourism Nation 
4) CNN mentioned Malaysia as World Number 4 Shopping Destination. 

After MH370 bad patch is over Chinese Tourists will flock to Malaysia again. 

SO WHAT IS THE CURRENT VALUE FOR ASB's 18 STOREY HOTEL IN THE HEART OF KUALA LUMPUR? 

Since I am typing this in Singapore I think some one from KL can definitely do a better job 

See you - leaving for Booming & Exciting Iskandar now 

Regards, 

Calvin Tan

 

 Posted by AeroJec Tan > May 20, 2014 5:12 PM Report Abuse 

Welldone... good clossing 0.185 tomorrow another up day....

 

 Posted by calvintaneng > May 20, 2014 10:13 PM Report Abuse 

X

asb has one very big piece of industrial property in tebrau, iskandar region. Book value is around rm27 psf. lf revalued it will add LOTS OF CASH VALUE TO ASB AND IF EDGEDAILY, FOCUS MAGAZINE, STAR OR NAN YANG SIANG PAU HIGHLIGHT IT, ASB SHARE PRICE MIGHT GO BALLISTIC

 

 Posted by calvintaneng > May 20, 2014 10:16 PM Report Abuse X

THE MORE I STUDIED ASB ASSETS OF IMMENSE VALUE THE MORE I FIND IT SO UNBELIEVABLE. WHY NO RESEARCH HOUSE RECOMMEND IT, REALLY AMAZING

 

 

 Posted by AeroJec Tan > May 20, 2014 10:50 PM Report Abuse 

(吉隆坡11日讯)先进协作(ASB,1481,主板贸易服务股)宣布成立联营子公司,以管理朝圣基金局(LTH)在登嘉楼的Holiday Villa酒店。 
先进协作昨天在文告中指出,这项联营合约是由独资子公司Antara Holiday Villas私人有限公司(简称AHV),与TH酒店私人有限公司所签署。 
此联营公司缴足资本为50万令吉,AHV持股比例为70%,另30%则由TH酒店所持有。 
据了解,这家位于登嘉楼的酒店,将在2013年中旬竣工。 
另一方面,AHV去年8月宣布以220万令吉,收购吉隆坡市中心一间办公楼,尾数198万令吉已在今日全数缴清,意味着收购计划已完成。 
Sources: Nanyang 12 Jan 13

 
AeroJec Tan 
136 posts

 Posted by AeroJec Tan > May 20, 2014 10:51 PM Report Abuse 

(吉隆坡10日讯)先进协作(ASB,1481,主板贸易服务股)接获法国公司Maranatha献议,以3430万9500令吉脱售旗下握有巴黎产业与经营餐厅的子公司股权。 
根据文告,Maranatha献议以总额4672万5000令吉,买入ASP、巴黎假日别墅Lafayette酒店(Holiday Villa Lafayette Paris,HVLP)和Legenda De Malaisie公司(LDM)的所有股权。 
先进协作通过Alangka-Suka酒店与度假村私人公司(ASHR),持有Alangke-Suka巴黎公司(ASP)的70%股权,后者掌握HVLP所有股权。先进协作也通过ASHR,握有LDM所有股权。 
以先进协作所持股权,集团接获的献购价为3430万9500令吉。 
ASP是酒店业主,LDM为餐馆业主,而HLVP是负责经营酒店和餐馆。 
Sources: Nanyang (财经 天下 2014-02-11 12:04)

 

Posted by trader8899 > May 21, 2014 8:29 AM Report Abuse 

ASB potential take over target? 

ASB can be a potential takeover target with ample liquidity from the assets disposal of France properties and a free float shares of 62 percent. Based on 2012 Annual Report major shareholders hold about 38% of the share. 

In my previous article of July 28, 2013 posted on Trade Signum I had highlighted that we do not even have to evaluated the fixed assets of ASB because the current assets alone can cover for all their total debts outstandings. 

One just have to borrow RM 45-75 million to take majority control of the company. I was very surprised that it took close to a year for investors to take notice what this company is doing for the past few years. Restructuring and Reorganising. 

This counter like many said was the darling back then in 1999 when Mr. Quek Leng Chan and companies took a substantial stake in it.http://klse.i3investor.com/servlets/stk/annchsh/1481.jsp 

If that were the case, shouldn’t they have more knowledge what the shares price is worth now? 

Friends or Foes this counter is going to generate more excitements once it break the 22 sen major resistance level with volume support never seen before in the last 2 days. 

It is now high time for many analysts to take a second look at this counter that has so many business interests all over the world and in particular their undervalued properties asset. 

Just because earnings were not fantastic, this counter is only valued at RM70mio in 2013 Wakey! Wakey! Guys. RE RATE THIS COUNTER. 


-------------------------------------------------------------my posting in tradesignum in 2013...... 

Market capitalisation of ASB as at 26 July 2013 is only RM 75 mio. 

Assuming u take a loan of RM 75 mio and buy over all the shares of this company. 

Now after you have acquired the company start the assets stripping exercise. 

1. Use the Current Assets of RM 286 mio to settle all the liabilities of RM 137 mio. 

Now you still have a balance of RM 149 mio and use this to settle your initial loan of RM 75 mio. 

2. Now you have a cool RM 74 mio of Current Assets. 

3. That's not all. Take a quick look at the FIxed and Long Term Assets ,- 

Property, plant and Equip............ RM 156 mio 
Long Term Investment.................RM 69 mio 
Other Long Term Assets...............RM 11 mio 
Other Intangible...........................RM 8 mio 

So basically you are taking home over RM 318 mio or 62 sen a share without the goodwill of RM100 mio. 

This is a highly illiquid shares so patience is the virtue. 

Happy Investing! Invest at your own risk. 
by trader8899 28-Jul-2013 9:34 AM reply

 

Posted by trader8899 > May 21, 2014 8:46 AM Report Abuse 

yes. all prices at 18.5 sen were immediately scooped up at the last hour of trading. Today should be another up day until it peaks at 22 sen resistance level. I believe major announcement soon because volume was never these big for the past 2 days. New potential investors on board?

 

 Posted by Tina Khoo > May 21, 2014 11:30 AM Report Abuse 

Highest 0.195 drop back now to 0.180..

 

 Posted by calvintaneng > May 21, 2014 2:24 PM Report Abuse X

ASB? What does A. S. B. stand for? 

Well, to punters who bought at 14.5 cts - A Sure Bet 

But To Long Term Value Investors - A Sure Buy

 

 Posted by asriruslan > May 21, 2014 2:39 PM Report Abuse 

healthy profit taking

 

Posted by asriruslan > May 21, 2014 2:40 PM Report Abuse 

will test 0.20 soon

 

Posted by whkwoon > May 26, 2014 11:05 AM Report Abuse 

Today above RM.20 good support level , should breach RM0.25 next month if volume increased steady

 

 Posted by Kupiz .. > May 26, 2014 12:53 PM Report Abuse 

aiyo regret selling on Friday

 

 Posted by kwl8888 > May 26, 2014 1:38 PM Report Abuse 

Lucky managed to buy 200 lots at RM 0.205, hope afternoon continue up

 

 Posted by clonewar > May 26, 2014 2:39 PM Report Abuse 

Next Target RM0.25

 

Posted by clonewar > May 26, 2014 3:09 PM Report Abuse 

Now can see

 

 Posted by AeroJec Tan > May 27, 2014 10:40 AM Report Abuse 

Very strong buying rate at 0.245, good sign... buy in before it shoot up... watch up contra wash...

 

 Posted by kwl8888 > May 27, 2014 10:40 AM Report Abuse 

Trading suspend!

 

SO THE STORY GOES. 

 

LATE ALREADY & TIRED

 

OK PLEASE GO TO ASB WEBSITE & SCROLL BACK TO YEAR 2014 & SEE THE REST OF THE COMMENTS

 

NOTE THIS. THIS IS VERY VERY IMPORTANT

 

ALWAYS BUY WHEN PRICE IS LOW WHILE MANY ARE HESITATING AND DOUBTFUL & NAYSAYERS ABOUND

IF YOU GET IN WHILE PRICE IS CHEAP AND THERE IS A COMING CATALYST THEN YOU ARE SAFE. LOSSES WILL BE MINIMAL AND FUTURE GAIN SUBSTANTIAL

 

IF YOU ONLY GET BULLISH WHEN EVERYBODY ALSO GET BULLISH THEN THERE IS NO CERTAINTY THAT YOU WILL MAKE A PROFIT OR EVEN SUFFER A LOSS LATER WHEN MARKET CORRECTS

 

BEST REGARDS

 

Calvin Tan Research

Posted on Jun 10th 2019. Singapore

 

Please buy or sell after doing your utmost due diligence or keep to cash if not sure

 

PLUS AND THIS IS THE CATALYST FOR ASB

 

1) YEAR 2020 WILL BE WMY2020 (VISIT MALAYSIA YEAR) ASB WILL DIRECTLY BENEFIT ASK IT HAS 15 HOLIDAY VILLA HOTELS & RESORTS

IT ALSO SELLS TOURISM PACKAGES

 

2) ASSET SALE WILL BE REPORTED AS NET PROFIT OF 8.3 SEN

 

SEE

ADVANCE SYNERGY BERHAD

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ADVANCE SYNERGY BERHAD ("ASB" OR "THE COMPANY") 
Proposed disposal of all that piece of freehold land held under GRN 177486, Lot 38271, Pekan Baru Hicom, Daerah Petaling, Negeri Selangor together with the buildings as well as fixtures and fittings erected and affixed thereon

The Board of Directors of ASB (“Board”) wishes to announce that its indirect wholly-owned subsidiary, AESBI Power Systems Sdn Bhd (Company No.: 336668-T)(“Vendor”), had on 10 May 2019 entered into a conditional Sale and Purchase Agreement (hereinafter referred to as “SPA”) with Symphony Warehouse Sdn Bhd (Company No. 1322075-V)(“Purchaser”) for the proposed disposal of all that piece of freehold land held under GRN 177486, Lot 38271, Pekan Baru Hicom, Daerah Petaling, Negeri Selangor (the “Land”) together with that the buildings and structures erected on the Land and fixtures and fittings (excluding those which are listed by the Vendor and given to the Purchaser prior to completion of the SPA) erected and affixed thereon (collectively, the “Property”) for a cash consideration of Ringgit Malaysia One Hundred and Twenty Four Million (RM124,000,000) only (“Purchase Price”), subject to the terms and conditions as stipulated in the SPA (“Proposed Disposal”).

 

 
3) AS HISTORY DOES REPEAT ITSELF. IN YEAR THE SALE OF ASB'S HOTEL IN FRANCE BROUGHT IN 6 SEN PROFIT AND SHARE PRICE JUMPED FROM 15 SEN TO 26 SEN FOR 73% UPSIDE
 
SO THIS PROFIT OF 8.3 SEN WILL ALSO SPUR INTEREST. HOW FAR AND HOW HIGH WILL ASB GO UP IN ITS NEXT UPCYCLE WILL BE DETERMINED BY THE  FUNDAMENTAL AND ALSO THE MOOD OF THE MARKET THEN
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Chart Stock Name Last Change Volume 
ASB 0.14 0.00 (0.00%) 1,297,700 

  Be the first to like this.
 
kasinathan The sure way to trap the newbie....all veterans already knowing his lousy tactic!
10/06/2019 9:19 AM
kasinathan He got only way to self trapped!!
10/06/2019 9:20 AM
kasinathan Only the genuine sohai who thinks others are!!!
10/06/2019 9:23 AM
kasinathan I had followed his same style of recommendation on bjcorp 6 year ago but keep trending downward from 60 cents to below 30 cents now.

His remark bjcorp are Berkshire of Malaysia is an insult to intelligent investor!!

Can you believe what he said about how good asb is??

Sohai. Really!
10/06/2019 9:27 AM
kasinathan Just go to check what he had wrote about Ahmad zaki months ago.... If you chase this stock... You already losing 20% by now!!

What i mean this sohai is a big crap... His stock recommendation can spike up but unsustainable...
10/06/2019 9:31 AM
kasinathan So... Ignoring him is the best strategy and let him be a big crap himself.
10/06/2019 9:34 AM
calvintaneng Bj corp and Mui Bhd?

Their time will come

One buddy told me about buying MUI bhd at 16 sen

Now already going to make 50% in MUI bhd even before Corus Hotel Hyde Park London is sold

Asb already got secured buyer from Spore with 10% deposit paid.

So MUI bhd up on news. Asb 8.3 sen net profit is a reality

As for Azrb those who bought cheap at 34.5 sen still making good money

Those who chased above 55 sen?

Sorry for euphoria which is wrong time to chase

Now that Asb is only less than 15 sen (2014 prices) price is cheap

All clever people go buy public bank

We are conrarians buying Asb

Contrarian, sorchai or odd one out?

So be it

So happy now!
10/06/2019 10:00 AM
Gtrade asset play in Msia is as oood as NAJIB robbing KWAP 4 BILLION RGT BUT NOT A SINGLE IDIOT REGULATOR TAKING ACTION.
10/06/2019 10:10 AM
Gtrade SC IS only INTERESTED IN TAKING ACTION ON MKT GORENGER, NOT ASSET ROBBER. EVEN FAMOUS PROSTACO SCANDAL IS SUPPRESSED.
10/06/2019 10:11 AM
calvintaneng For Asb the buyer for the Shah Alam asset is a Spore company who also bought lands from UMW and fully paid

So these freehold lands priced below Rm200psf (0r just S$66 psf) are really cheap for Spore investor

In Tuas Spore they are selling leasehold lands with only 20 years lease for even much higher price

So 8.3 sen profit for Asb is a given

A.S.B?

A Solid Buy

Just like buying Gsb at 9 sen

Today Gsb already up 100% to 18 sen.
10/06/2019 10:25 AM
calvintaneng History is spooky

When Calvin first posted buy call for Asb at 15 sen in May 15 2014...5 years ago there were naysayers

Now 5 years later there are new naysayers

Those who missed 15 sen for Asb missed the 70% upside later

Same pattern

Same scenario

Now replaced by new players?

So spooky?
10/06/2019 10:36 AM
kasinathan 10 cents... Year low is coming
10/06/2019 10:53 AM
Gtrade IN mSIA, THE COCKPORATE ROBBERS WILL SELL ASSET, GET THE MONEY AND SOMEHOW $ DISSAPPEAR INTO NAJIS-JANBAM
10/06/2019 11:03 AM
calvintaneng In USA and in China as well as in Malaysia are many crooks

Just be very careful

One of them is here with us
10/06/2019 11:09 AM
calvintaneng Asb?

A
Small
Boy?
10/06/2019 11:18 AM
Gtrade ASB has no fundamental value. They has been in business for 30 years? mautured company, not startup company? right
BUTTT the revenue of 300m yearly turns out to be peanut in return. Where has the millions dissappear?
10/06/2019 11:23 AM
calvintaneng Go ask MUI Bhd this same question

Or ask dolomite why got limit up leh?
10/06/2019 12:04 PM
Gtrade MUIp is the most pariah counter we have seen. Muind is presently trading volume of 8m, mui property is dead. This must be a very pariah syndicate at work. In the past bullrun, if idiot share move, idiot-wa,wb,wc ,wd all zoom.
This muip syndicate is eally a small boy trying con retailers
10/06/2019 2:58 PM
calvintaneng Gtrade is what

Good trade

Or gone case trade?
10/06/2019 3:15 PM
calvintaneng Oh yes Gtrade must go learn from

Sifu Walter Schloss
Peter Lynch
Been Graham
10/06/2019 3:18 PM
calvintaneng Where millions disappeared?

All solidified in assets
10/06/2019 3:20 PM
calvintaneng Look at it this way

Water is cash

When water turns into ice water now in solidification
10/06/2019 3:20 PM
calvintaneng Cash turns into houses, lands, buildings, hotels mean cash in solidification
10/06/2019 3:21 PM
calvintaneng Now cash can be kept in Fd at 3% bank interest

Over time inflation kills the value of purchasing power
10/06/2019 3:23 PM
calvintaneng So you buy shares of companies generating profit above bank Fd
10/06/2019 3:24 PM
calvintaneng For what?

To protect from inflation that eats into purchasing power
10/06/2019 3:24 PM
calvintaneng Another way is to invest in houses

House price rise will multiply cash invested
10/06/2019 3:25 PM
calvintaneng Or easier and lazier way is to invest in Reits
10/06/2019 3:26 PM
calvintaneng But since REITs give mediocre yield you must look for Asset play

What is Asset Play

Asset plays are companies sitting on assets that are grossly undervalue

Any selling will show huge gain of

2x
3x
Or 10x
10/06/2019 3:28 PM
calvintaneng So people who don't know about Asb will call it

A
Stupid
Buy

But those who know will call it

A
Smart
Buy
10/06/2019 3:30 PM
calvintaneng Those who can calculate value will call it

A
Sure
Buy
10/06/2019 3:30 PM
calvintaneng Those who know margin of safety will call it

A
Safe
Buy
10/06/2019 3:31 PM
calvintaneng Those who knows real intrinsic value will call it

A
Solid
Buy
10/06/2019 3:32 PM
azque jangan beli
10/06/2019 3:34 PM
calvintaneng Betul

Yang takut
Yang tak tau
Jangan beli
10/06/2019 4:09 PM
apolloang tak mahu lah….later macam butaland
10/06/2019 4:12 PM
calvintaneng . Buta land has its day

Every dog also has its day

Asb's time will come one day

This is the day to buy while cheap
10/06/2019 4:28 PM
calvintaneng There is a time to sow

AND a time to reap

Time to sow is in winter

Time to reap is in summer

He who does not sow in winter will also not reap in summer

This is the law for prosperity and success

He who sows nothing reap nothing

He who sows sparingly will reap sparingly

He who sows bountifully will also reap bountifully
10/06/2019 4:31 PM
calvintaneng When Carimin was 39.5 sen Calvin Hantam kaw kaw

When Naim was 48 sen Calvin Hantam kaw kaw

When Azrb was 34. 5 sen Calvin also Hantam kaw kaw

Now Calvin looking at Asb

Why not?

Asb

A
Sure
BUY
10/06/2019 4:33 PM
apolloang better buy amanah saham bumiputra but not advance synergy bhd....hahaha
10/06/2019 4:35 PM
calvintaneng Amanah Saham Bumi if can get just go buy the maximum. Govt put free money into bumi pockets.

However, Asb is not for non bumi.

So Calvin offers all another Asb(advance synergy bhd)
11/06/2019 9:18 AM
calvintaneng Asb also owns Captii limited in Spore

They have been holding 58% Captii Ltd since its listing

AND Asb received 3.1% dividend from Captii limited

Asb reinvested the dividends just like Berkshire got dividends from See's Candy and reinvested in other businesses
11/06/2019 9:20 AM
calvintaneng Www.captii.com is involved with IT business in Singapore

To be able to penetrade Spore market shows the capability of Asb ' s management skill
11/06/2019 9:25 AM
calvintaneng Www.captii.com is involved with IT business in Singapore

To be able to penetrade Spore market shows the capability of Asb ' s management skill
11/06/2019 9:31 AM
calvintaneng Another good reason for investing in Asb is it's cash rich and asset rich position

Not so for many over leveraged companies with high debts and little cash
In coming months as companies going to report tepid profits many will be hard up to pay back bank loans

So there will go by way of private placement to raise capital. If no one interested then they will give Rights Issue with free warrants

Another one is XOX going to give Rights issue to pay bank loans or else it will go into default

So stick with Asb for it will get Rm124 millions cash soon
11/06/2019 4:24 PM
calvintaneng For seacera even with a 30% discount for Rights issue it is just too late as Banks want to foreclose it for being unable to pay debts

And seacera share price crashed without support. Even the last substantial share holder forced to liquidate his seacera shares

Seacera is another example of high debt company with little cash and illiquid assets
11/06/2019 4:27 PM
(S=QR) Philip Calvin tan just put his own self under the bus by reposting his comments in 2014. From zero respect he has made me lose even more respect for him and his stock pick skills. In 2014 he bought a dead end stock, going up her promoted kaw kaw saying it is worth xxx... But if you followed his full recommendations he conveniently left out how much he bought and how much he sold ASB. But the fact is in 5 years the stock has been a dead end. Only Calvin will say he make big profit can see the future Chun Chun buy and Chun Chun sell.

This is his portfolio for 2019:
https://klse.i3investor.com/servlets/pfs/123029.jsp

The funny thing is with all his comparing himself to Peter Lynch, none of his stocks have stood the test of time.

In retrospect, in the similar time period I had bought into YINSON, and because I had confidence in the business every quarter I topped up my investment without fail, knowing that only wonderful businesses will give you the faith to buy on weakness, average up/down and just hold.

If this is Calvin idea of eating steak, thank God I am a vegetarian.

Again,
Calvin's portfolio for 2019:
https://klse.i3investor.com/servlets/pfs/123029.jsp
12/06/2019 6:43 AM
Alex™ Sui sui hip hop hurray hehe
12/06/2019 8:12 PM
calvintaneng Today Mui prop sui sui up!!

One day Asb will also sui sui up!!!
12/06/2019 10:34 PM
calvintaneng Today I visited Family Mart and tried the much touted wasabi icecream cone

This is my findings

1. At Rm2.90 it is quite expensive compared to McDonald milk icecream cone at only Rm1.00

Of course mostly palm oil milk substitute

2. Is the purported value and taste of Family Mart wasabi icecream justified for it's high price?

A. I think overpriced as it is not the same type of wasabi I tasted in Kyoto, Japan when I last visited there

2. The wasabi in Malaysia is made from wasabi powder which retails for Rm35 a kg. Whereas the wasabi in Japan icecream is made from fresh wasabi.

Wasabi can only be grown in cold, pure running stream in Japan. So it is maintained fresh in pure cool stream.

I think there might be some coloring as there is no oomph in the wasabi ice cream here unlike Japan where you get a kick like chilli.

I think this will be my final and final try of Family Mart wasabi icecream

Better go for McDonald icecream cone at only Rm1.00

McDonald one taste smoother as it is not made from powder

Only 20 to 25% are original products sold in Family Mart. Rest is made in Malaysia.
I saw Tong Gardens product sold there as well as many other Malaysia made products

It's Swiss roll retails for Rm3.10. I think 7 Eleven sells cheaper

Overall it is a 50/50 gamble for Family Mart with it's expensive franchise and products

How to buy QL at above Rm6.00 as the business model is still new in Malaysia

Caveat emptor
12/06/2019 11:26 PM


 

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