Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Tue, 22 Oct 2019, 11:14 AM

 

WHY SCOMI ENERGY (7045) CAN FOLLOW CARIMIN AND GO UP 400% FROM ITS LOWS, Calvin Tan Research

Author:   |    Publish date:


Dear Investors/Traders of i3 Forum (PLEASE READ TO THE END AS I TYPE NOW)

My 1St Buy Call on O&G Stock was Carimin (On Jan 26 2018)

TOP 10 REASONS FOR BUYING CARIMIN PETROLEUM

 

1) AT 39 SEN CARIMIN HAS FALLEN BY 65% FROM ITS RM1.10 IPO PRICE.

BUYING CARIMIN NOW IS BUYING AT HUGE DISCOUNT TO IPO PRICE.

 

2) MARGIN OF SAFETY

At 39 sen with NTA of 67 Sen Carimin is selling at a nice Discount of 42%. This meets Ben Graham criteria of 30% Discount To NTA as a Margin of Safety.

 

3) CARIMIN ASSETS ARE VALUABLE REAL ESTATES UNDERSTATED WITH DEEP VALUE

A look at Property/Plants/Equipments (PPE) of CARIMIN reveals the Happy Discovery of Highly Undervalue Solid Assets

Take for example (Refer to Annual Report of Carimin under Property)

 

(viii) No.7, Jalan SS15/2A, Subang Jaya, 47500 Selangor Darul Ehsan....................Book Value...Rm224,911

Double storey intermediate terrace shophouse (Gross built up 2,646 sq ft)

 

WHOA! A 2 Storey Shophouse in SS15 SUBANG JAYA (HOT AREA) has a Book Value of only Rm224,911?

 

What is the Current Market Value?

For that let us go to iproperty.com website

 

Selangor

RM 3,800,000

SS15/4D- 2 storey shop, Subang Jaya

Selangor

    • Built-up : 2,147 sq. ft.
    •  
    • Land area : 20x65
    • Whoa! A Crazy Rm3.8 MILLIONS ASKING PRICE?
    •  
    • This is the address of Carimin office in SS15 Subang Jaya. All can go SEE & VERIFY YOURSELF
    •  
    • ((( No.7, Jalan SS15/2A, Subang Jaya, 47500 Selangor Darul Ehsan)))

       

      4) AFTER THE CARNAGE OF OIL COLLAPSE MANY O&G COMPANIES HAVE GONE BANKRUPT ONE BY ONE: SO CARIMIN LEADERS BEING HANDS ON "SEE" GREAT OPPORTUNIES IN THE BUSINESS OF DECOMISSIONING, WELL PLUG & DISMANTALATION & STRIPPING OF ASSETS

      The Board of Directors of Carimin wishes to announce that Carimin Engineering, a wholly-owned subsidiary of the Company, had on 5 April 2017 entered into a collaboration agreement with EMAS (“COA”). Carimin Engineering has experience and expertise on hook-up and commissioning (HUC), topside maintenance of offshore facilities, supply of marine vessels, onshore fabrication and the provision of manpower services in the oil and gas platforms in Malaysia, whereas EMAS is principally involved in provision of engineering and technical innovative solutions for pre-commissioning, commissioning, decommissioning, well plug and abandonment services.

      So CARIMIN FORMED A JV WITH EMAS WHOSE PARENT COMPANY IS EZRA WHICH IS GOING INTO LIQUIDATION

      EMAS is a 99.99% owned subsidiary of Emas Energy Services Pte. Ltd., a company incorporated in Singapore. The parent company of the group is Ezra Holdings Ltd (“Ezra”). Additional information on EMAS may be obtained from Ezra website at http://www.ezraholdings.com/

       

      This shows that CARIMIN BOSSES are on the look out for opportunities & not afraid of dirty work hands on.

      This was what happened to Muda who recycled waste paper & rubbish.

      In these bad times many O& G are going kaput & turned belly up! So there is opportunity to make money in cannibalising & salvaging leftover for sale.

      This kind of Value Add Management is rare.

      Example is TMakmur willing to rear animals for sale in its plantations (TMakmur later taken private!)

      Another one is Scientex. Scientex not only build houses. They also do the dirty manual work of making their own cement bricks to save cost. By cutting cost Scientex is able to compete against all other Housing Developers in Johor!

       

      SO KUDOS TO CARIMIN MANAGERS!!!

      CALVIN GIVES THUMBS UP!!!

       

      5) MAJOR SHAREHOLDERS WITH MYOPIC VISION SOLD DOWN CARIMIN SHARES ON THIS NEW JV

      RIGHT AFTER THIS ANNOUNCEMENT ONE SHAREHOLDERS DUMPED CARIMIN SHARES BELOW 30 SEN

       

      Particulars of substantial Securities Holder

      Name DYNAC SDN. BHD.
      Address No. 16, Jalan Skudai, Straits View 
      Johor Bahru 
      80200 Johor 
      Malaysia.
      Company No. 85602-M
      Nationality/Country of incorporation Malaysia
      Descriptions (Class & nominal value) Ordinary Shares
      Name & address of registered holder AmSec Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Dynac Sdn. Bhd.) 22nd Floor, Bangunan AmBank Group 55, Jalan Raja Chulan 50200 Kuala Lumpur

      Details of changes

      Currency: Malaysian Ringgit (MYR)

      Type of transaction Description of Others Date of change
      No of securities
      Price Transacted ($$)
      Disposed   05 Apr 2017
      3,536,500
       

       

      Circumstances by reason of which change has occurred Disposal of shares through open market
      Nature of interest Direct
      Direct (units) 1,410,000
      Direct (%) 6.029
      Indirect/deemed interest (units) 0
      Indirect/deemed interest (%) 0
      Total no of securities after change 14,100,000
      Date of notice 08 Apr 2017

       


      Remarks :
      This notice was received on 10 April 2017.

       


      Announcement Info

      Company Name CARIMIN PETROLEUM BERHAD
      Stock Name CARIMIN
      Date Announced 10 Apr 2017
      Category Change in Substantial Shareholders Interest Pursuant to Form 29B
      Reference Number CS2-10042017-00080

      SO STUPID INDEED!!

      It was the dirty work of Muda in paper recycling that caused Muda to go up from 32 sen to Rm2.40 & split (Up 700%)

      And OKA who deals with Longkang also up 600% from 35 sen to over Rm2.00

      Don't look down on Longkang & sampah business! So is Carimin decommisioning job!! If it pays well, so what?

       

      6) CARIMIN HAS MANAGABLE DEBT WITH HIGH NTA & HIGH CASH RESERVE

      Being a Man Power Company there is little Mark Down of Assets depreciation unlike others whose Equipments are already aged. In fact we already see the Valuable Examples of Carimin understating Its Real Estate Value.

      So going forward CARIMIN has survived while others face insolvency due to horrendous debt

       

      7) JOBS ARE WELL SECURED IN RAPID (Pengerang RAPID), WEST COASTAL HIGHWAY (WCE) & KL WATER WORKS

      Fear of payment default is little as Paymasters of Petronas, Malaysia Govt & other Entities of Repute.

       

      8) RM60 MILLIONS JOB AWARD & OTHER SERVICES BY PETRONAS ENSURE GOOD COMING QUARTERS

       

      The Board of Directors of Carimin is pleased to announce that Carimin Bina Sdn. Bhd. ("CBSB"), a subsidiary of Carimin, had on 23 June 2017 received a Letter of Award dated 22 June 2017 (“LOA”) as the exclusive Sub-Contractor from Urban Masterpiece Sdn. Bhd. for the construction of all civil and engineering works in respect of the rainwater storage tank, consisting of 2 numbers of tube wells, 1 basement tank, 1 level of service/maintenance floor and external works (excluding mechanical and electrical works) for a project in relation to the management, control and store water for flood mitigation purposes in the area of Jalan Termeloh, Taman Tasik Titiwangsa, Kuala Lumpur, subject to the terms and conditions as stipulated in the LOA (“Sub-Contract”).  

       

      2. THE SUB-CONTRACT SUM

       

      The Sub-Contract is estimated to be approximately RM60,000,000.00 (Ringgit Malaysia: Sixty Million Only).

       

      3. DURATION OF THE SUB-CONTRACT

       

      The anticipated period for the completion of the Sub-Contract shall be twenty-four (24) months from the date of site possession. Tentatively, the dates on which CBSB shall commence and complete the Sub-Contract are as follows:-

       

      a) The Date of Site Possession: 16 October 2017

      b) The Date of Completion: 15 October 2019

       

      Estimating Rm30 Millions for One Year with 12% profit CARIMIN already show a future profit of Rm3.6 Millions just from this one job award.

       

      And latest is

      The Board of Directors of Carimin is pleased to announce that the Company's wholly-owned subsidiary, Carimin Engineering Services Sdn Bhd (“CES”), had on 20 September 2017 accepted a Letter of Award dated 20 September 2017 (“LOA”) from PETRONAS Carigali Sdn Bhd (“PETRONAS Carigali”) for Provision of Maintenance, Construction and Modification (MCM) Services (Package C (Offshore) Peninsular Malaysia Oil) (“the Contract”).

      2. INFORMATION OF THE CONTRACT

      The contract duration will be for a primary period of five (5) years with one (1) year extension option effective from 20 September 2017 and will expires on 19 September 2022, at an agreed fixed schedule of rates.

      The details of the scope of works in relation to the Contract will be addressed in a work order which will be issued by PETRONAS Carigali and shall include any or all other work and services which is generally related to Topside Structural Maintenance, Workover Preparation and Facilities Improvement Project.

      SO FOR THE NEXT 5 YEARS CARIMIN'S FUTURE IS GUARANTEED BY THE JOB AWARD FROM PETRONAS. A MAMMOTH RM170 BILLIONS TOTAL CAPEX FOR PENGERANG RAPID - THERE WILL BE LOTS MORE JOBS COMING CARIMIN WAY

       

      9) THE ARRIVAL OF SAUDI ARAMCO INTO RAPID FOR DOWNSTREAM O&G PROJECTS

      ARAMCO BEING WORLD LARGEST OIL COMPANY IS INVESTING USD7 BILLIONS (RM28 BILLIONS) INTO RAPID.

      OTHERS WILL COME LATER.

      AND CARIMIN HAS AN EVEN BRIGHTER FUTURE!!

       

      Saudi Aramco’s US$7b investment in Rapid tops Asean’s M&A list

      Image result for saudi aramco picture

       

      .

10) WITH SO GOOD FUTURE AHEAD CARIMIN BOSSES & INSIDERS ARE LOADING UP CARIMIN SHARES IN UNISON

 

 

 

 

CALVIN HAS A MODEST  TARGET PRICE FOR CARIMIN AT 80 SEN

 

REGARDS, Calvin Tan Research, Singapore

 

After posting that in a very bleak time Carimin even dropped to a low of 21.5 sen

 

AS OF TODAY SEPTEMBER 22ND 2019 CARIMIN HAS BROKEN THE TARGET PRICE OF 80 SEN CHUN CHUN TO CROSS RM1.00!!

So from its lows Carimin has gone up a Whopping 400%

AMAZING INDEED!!

 

 To be continued by Writeup on SCOMIES (7045)

Don't go away!

 

 OK THIS 1ST REASON

 

1) JUST LIKE CARIMIN = SCOMIES UNDERVALUE ITS ASSETS AT ROCK BOTTOM PRICES

Refer to Annual Report of Scomies & scroll down to Properties owned by SCOMIES

See One 5 Storey Shophouse in Selangor with FREEHOLD TITLE With a Book Value of Only Rm170K

 

Scomi Master Oiltools:

  Geran 46494, Lot 42410 Pekan Cempaka, Daerah Petaling, Negeri Selangor, Malaysia

 

 Land Five storey Freehold Built-up area: Land & 21 years  held under shop office

 

31.10.1999

Buiilt Up: 11,755 sq ft 

 

 

 

 Book Value: Rm170,000

WHERE TO GET 5 STOREY SHOPHOUSE IN SELANGOR WITH FREEHOLD TITLE AND BUILT UP OF 11,775 SQ FT FOR ONLY RM170K TODAY?

What is the advertised Value of 5 Storey Shophouse in Selangor today?

See

 

Image result for 5 storey shophouse pj sale
MYR 18,000,000.00*
Description Three Adjoining unit of 5 Storey Shopoffice in D'sara Perdana for Sale For Sale 3 adjoining units of 5 storey shop office 1 corner and 2 ...

 

OK. From the above advert you can see the asking price for 3 Adjoining Units of 3 Five Storey Shophouse for Rm18 Millions 

 

So each unit is Rm6 Millions

 

 

 

 YESSS!

So that is the REAL TIME PRICE TODAY (Not Rm170K as listed in Book Value of Scomies)

So from Rm170,000 to Rm6,000,000 is 35X more or up 3,500%

 

Let's take a look at another property of Scomies

 

2 P.T. Rig Tenders Land  Freehold   building as 01.01.1997

 Indonesia, No.129, Jl. Dr Saharjo  Built-up area: 490 sq metersTbk Jakarta 

Book Value: Rm1,479.930 

 

 We see SCOMIES own a Freehold Shophouse in Jln Dr Saharjo in Indonesia with 490 sq meter built up valued at Rm1.479 Millions

Land size is 490 sq meter

To convert to Sq Ft multiply by 10.764

So 490x10.764 = 5274 sq ft built up

Now see what is the advertised Price for sale in Singapore

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SGD $819,883 

IDR Rp8,400,000,000

 This Shophouse was advertised for sale in Singapore at SGD819,883

Now convert to Ringgit X 3.06

So SGD819,883 x 3.06 = Rm2.5 MILLIONS

So if revalued it should go up by 66%

 

See further

3 P.T. Rig Tenders   Freehold

Jl Belitung Darat building as 09.01.2003

Land area: 190 sq metres   Indonesia, : Tbk Banjarmasin

Book Value Rm10,800

Now the land bought in year 2003 for Only Rm10,800 Book Value

How big is 190 sq meter?

So 190x10.764 sq ft = 2045 sq ft in size

Now look at item 4

 

3 P.T. Rig Tenders   Freehold 

Jl Belitung Darat building as 06.05.1997

Office building: 972 sq metres   Indonesia, : Tbk Banjarmasin

Book Value =  "Blank"???

WAHAHA!

THIS EMPTY LAND VALUED AT RM10,800 AFTER BUIDING UP WITH 972 SQ METER BUILT UP

HAS A BOOK VALUE OF "ZERO"?

TO CONVERT 972 SQ METER TO SQ FT X 10.764 = 10,462 SQ FT

 

WOWEEE!

A SHOPHOUSE (FREEHOLD) WITH BUILT UP AREA OF 10,462 SQ FT 

IS "FREE"?

AMAZING ACCOUNTING INDEED!!

 

LET'S GO ON AND DISCOVER GEM AFTER GEM (Some "Free" Hor!)

 

OKOK JUST 3 MORE

3 PIECES OF FREE HOLD LANDS IN SEPANG BOUGHT UPTEEN YEARS AGO

1. Scomi Land held under Land Freehold  Sosma Geran 250133, 7.4.2011 0.7412 Sdn Bhd Lot 7627,\

0.7412 hectares Mukim of Sepang, Selangor Darul Ehsan

Book Value: RM176K

This freehold land in Sepang of 0/7412 hectares has a book value of Rm176K

Let's see how many acres

To convert hectares to acres multiply by 2.471

So 0.7412x2.471 = So it's 1.83 Acres!!!

To convert to Sq ft X 43560

So 1.83X43,560 = 79,714 sq ft

OK NOW WE KNOW

THE LAND SIZE 79,714 SQ FT HAS A BOOK VALUE OF RM176K

NOW TO GET COST PER SQ FEET 

MATHS IS SO INTERESTING. NO GUESS WORK OR BLUFFING AT ALL)

176,000 divides by 79,714 sq ft = Rm2.20 psf

WAHAHA!

ONLY RM2.20 Per Sq Ft?

 

Got 2 More pieces. Go and calculate yourselves

WHAT IS THE CURRENT MARKET VALUE OF SEPANG FREEHOLD LAND TODAY?

See https://www.propertyguru.com.my/property-for-sale?region_code=MY10&district_code=SL061&market=residential&property_type_code%5B%5D=RLAND&property_type=L&newProject=all

ANYWHERE FROM RM50 PSF TO RM250 PSF (Depending on which part of Sepang)

If we take Rm50 psf Then from Rm2.20 to Rm50.00 is Up 22.7X or up 2,270%

 

SO FROM HERE WE KNOW FOR SURE (VERY VERY SURE) SCOMIES ASSETS ARE VERY VERY VERY UNDERVALUE

 

NO WONDER CEO OF SCOMIES SAPUUUUUU 1.8 MILLION SCOMIES SHARES AT 10.5 SEN!!

IS THE NTA OF SCOMIES ONLY 16 SEN?

NO NO NO!!

IT SHOULD RANGE FROM 50 SEN TO OVER RM1.00 (NOT 16 SEN LAH!)

HOW COME?

LET'S GO DEEPER IN OUR RESEARCH.

 

TIRED ALREADY

 

SEE YOU LATER.(DON"T GO AWAY OR YOU WILL MISS THIS HIDDEN GEM!)

 

COME BACK FOR MORE LATER

 

Sign off and come back shortly

 

Calvin Tan

In my Condo, Jurong,

Singapore

 

 

COMING UP NEXT

 

THE WORLD BEATING DRILLING FLUID BUSINESS OF SCOMIES!!

 

SCOMIES BOUGHT OVER DRILLING FLUID BUSINESS FOR OVER RM1 BILLIONS

 

 

 

 

 

 

 ASSETS AND LIABILITIES AS AT 30 JUNE 2019 ASSETS

Drilling  Asset RM500.11 MILLIONS

ASSETS AND LIABILITIES AS AT 30 JUNE 2019 ASSETS Assets employed in the segment Rm500,110,000

WE SEE HOW SCOMIES DEPRECIATED ITS DRILLING OILS ASSETS FROM RM1 BILLIONS TO ONLY RM500 MILLIONS

THIS IS OVERDONE!

THESE ARE LANDBASED ASSETS (NOT UNDER THE SEA LIKE ALAM MARITIN WHICH CAN RUST AND ROT UNDER SEA WATER)

SEE

Scomi Energy active, up 20% on bagging Kuwaiti contracts | The Edge Markets
KUALA LUMPUR (March 26): Scomi Energy Services Bhd rose 20% in active trade this morning after it bagged two contracts worth US$150 million (RM610 million) from the Kuwait Oil Company for the...

SCOMIES WON RM610 MILLIONS DRILLING FLUID SUPPLY IN KUWAIT (SCOMIES IS WORLD PLAYER)

 Related image

 

 SCOMIES DRILLING MUD MADE FROM PALM KERNEL OIL IS BIODEGRADABLE. JV WITH GERMAN TECH

Image result for scomies photos

 SCOMIES IN INDONESIA

Related image
Lawatan Kerja Panglima 8 Bgd Ke Kemaman... - Berita Tentera Darat Malaysia | Facebook
Lawatan Kerja Panglima 8 Bgd Ke Kemaman Supply Base (KSB) dan Petronas Wilayah Pantai Timur TERENGGANU : Panglima 8 Bgd, Brig Jen Haji Muhammad Huzaimi Sabri melakukan Lawatan Kerja ke Kemaman...

 SCOMIES IN KEMAMAN SUPPLY BASE

PETRONAS HAS INCREASED DRILLING RIGS FROM 18 RIGS WITH ANOTHER ADDITIONAL 10 RIGS  TO 28 OIL RIGS THIS YEAR AND MORE TO COME AS UPSTREAM JOB AWARDS WILL INTENSIFY FOR 2ND HALF OF 2019

PETRONAS STILL HAS RM35 BILLION FOR JOB AWARDS IN THESE 4 SHORT MONTHS TILL DEC 31ST 2019

 

 

SCOMIES SECRET WEAPON

PALM KERNEL BASED DRILLING FLUID

 

 

Blog: Oil Production In Joint Saudi-Kuwaiti Fields Could Restart “Relatively Quickly” SCOMIES TO BENEFIT, Calvin Tan Research

 Sep 22, 2019 10:07 AM Report Abuse 

 

WITH THE RISE OF RAPID REFINERY IN PENGERANG THERE IS AMPLE RAW MATERIAL LEFT CHEAPLY FOR SCOMIES' GERMAN BASED TECHNOLOGY

 

CALVIN STILL GOT LOTS MORE TO WRITE ABOUT SCOMIES

 

 

 

NOW LET'S SUM IT UP

 

 

 

SCOMIES INSIDERS ARE BUYING SCOMIES AT 10.5 SEN JUST  LIKE CARIMIN INSIDERS ARE BUYING CARIMIN AT BELOW 40 SEN

 

 

 

 

AND NOW THAT CARIMIN HAS OVERSHOT ITS VALUE AND FUNDAMENTAL ALL HOLDING CARIMIN SHOULD BE CAREFUL NOT TO CHASE

 

IN FACT BETTER FOLLOW INSIDER SELL CARIMIN

SEE

 

 

 

BEST TO TAKE PROFIT IN OVERVALUED CARIMIN AND REINVEST PROCEEDS INTO UNDERVALUE SCOMI ENERGY NOW!!

 

HOW SCOMIES CAN UNLOCK VALUE?

1) BY REVENUE FROM DRILLING FLUID SUPPLY TO KUWAIT OIL CORP FOR RM610 MILLIONS

2) MARINE SERVICES (IT MADE RM38.8 MILLIONS LAST QUARTER (RESULT ONLY NEGATED BY RM72 MILLIONS IN IMPAIRMENT WHICH IS A ONE OFF

 

3) NEW JV FOR 2 JOBS WITH PETCHEMICAL

 

4) WITH THE ATTACKS OF SAUDI OIL REFINERY THERE WILL BE A STAMPEDE WORLD WIDE FOR NEW DRILLING AS AN INSURANCE AGAINST UNCERTAIN OIL CLUSTERS WHICH CAN CAUSE DISRUPTIONS TO OIL SUPPLY FLOW

THIS AUGURS WELL FOR SCOMIES AS IT HAS CAPTURED MORE THAN 10% OF WORLD DRILLING FLUID MARKET

 

5) OR GO THE WAY OF ASSET VALUE UNLOCKING

SCOMIES COULD REVALUE ALL ITS LANDS AND BUILDINGS AND SELL THEM FOR CASH. SCOMIES COULD ALSO SELL OFF ITS DRILLING FLUID OIL BUSINESS IF PRICE OFFERED IS ATTRACTIVE ENOUGH

IF IT CAN COMMAND A PRICE OF RM1.5 BILLIONS TO RM2 BILLIONS IT WILL GET EXTRA RM1.00 TO RM1.50 TO ITS BOOK VALUE

THEN SCOMIES CAN DISTRIBUTE ANOTHER CASH DIVIDEND WINDFALL OF 18.5 SEN LIKE IT DID IN YEAR 2012 AFTER ASSET DISPOSAL SEE http://www.bursamalaysia.com/market/listed-companies/company-announcements/3621021

 

SO FROM ALL ANGLES YOU LOOK AT SCOMI ENERGY

 

FROM FUTURE EARNINGS PER SHARE

 

FROM DEEPLY HIDDEN ASSETS VALUE

 

FROM SECRET WEAPON OF BIODEGRADABLE DRILLING FLUID

 

FROM DIRECTOR/INSIDER BUYING

 

FROM FUTURE CASH DISTRIBUTION

 

FROM ITS ROCK BOTTOM PRICE OF 11.5 SEN

 

YES OTHERS ARE ALL HOLDING SCOMIES SHARES AT MUCH MUCH HIGHER PRICES

SCOMI ACCEPTED SCOMIES SHARES VALUED AT 47 SEN  AS PART PAYMENTS  WHEN IT SOLD SCOMI DRILLING FLUID TO SCOMIES

QUEK LENG CHAN THROUGH GUOCO LAND HOLDING SCOMIES ABOVE 60 SEN AS WELL AS CAPRICE FUND

 

SO SCOMIES AT 11.5 SEN IS STILL VERY VERY DIRT CHEAP AND HAS A LONG WAY TO GO BACK UP!!

 

NOW IS THE TIME TO BUY AND HOLD TIGHTLY AS SCOMI ENEGRY EXPECTED TO GO UP LIKE CARIMIN, NAIM, DAYANG, PENERGY & UZMA

DON'T SELL FOR PEA NUT CONTRA GAINS

HOLD FOR MAXIMUM UPSIDE

 

CALVIN HAS A FIRST  TARGET PRICE OF ONLY 30 SEN FOR SCOMIES

 

 

 

 

 

BEST REGARDS

 

Calvin Tan Research

Jurong West, Singapore

 

Please buy or sell after doing your own due diligence

 

 

 

SEE SCOMIES 5 YEAR CHART

 


SCOMI ENERGY SERVICES BHD (7045) Chart
Chart Period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AT 30 SEN SCOMIES WILL GO BACK TO DECEMBER 2015 YEAR END PRICE

 

BUT LONGER TERM SCOMIES SHOULD GO BACK UP TO ITS CYCLICAL: PEAK AT RM1.00 IN EARLY YEAR 2014

 

SO BUY OR INVEST AND HOLD TIGHT FOR SCOMIES TO GO BACK UP IN ITS CYCLICAL PEAK AGAIN

 

MAYBE IT MIGHT EVEN SURPASS ITS  5 YEAR CYCLICAL PEAK

 

WHO KNOWS

 

AFTER ALL SCOMIES HAS A SECRET WEAPON OF PALM KERNEL BASED BIODEGRADABLE DRILLING MUD WHICH WILL BE A WORLD BEATER JUST LIKE MALAYSIA RUBBER GLOVES COMPANIES WERE WORLD CHAMPIONS

 

 

 

Blog: Oil Production In Joint Saudi-Kuwaiti Fields Could Restart “Relatively Quickly” SCOMIES TO BENEFIT, Calvin Tan Research

 Sep 22, 2019 10:07 AM Report Abuse 

 

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Labels: SCOMIES

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Chart Stock Name Last Change Volume 
SCOMIES 0.09 0.00 (0.00%) 6,725,200 

  Be the first to like this.
 
calvintaneng Very very good morning to all who visit here

Scomi Energy is a stock whose time has come.

THE 25 drone missiles which attacked Saudi oil fields have changed the equation for Scomies

There will be a great increase of drilling for crude oil everywhere on planet earth!!

This acts as an insurance against the uncertain nature of world oil supply in today's context

A single attack on oil clusters of Saudi oil fields could cause a sudden spike of oil prices by up to 20%

With the increase of drilling for crude oil there will be a corresponding increase of business for Scomies at long last

Scomies drilling fluid are made from biodegradable palm kernel oil with jv with German technology

Already captured 10% of entire world drilling fluid market. Drilling fluid is essential to keep drilling rigs lubricated to prevent overheating or friction

Now is the time for Scomies to shine!!!
23/09/2019 8:51 AM
calvintaneng Scomies

A stock whose time has come

THE beginning of a powerful bull run for Scomi Energy has commenced

Those who don't have buy some first

If after buying got any pullback just add more

Then hold

Hold on and hold tight for maximum upside

Happy time is here!!!
23/09/2019 8:54 AM
Badkama what happened to destini.you sang the same tune then too.
23/09/2019 9:15 AM
KAQ4468 10 cents back to 1 ringgit can aaarrrr ??
23/09/2019 9:19 AM
KAQ4468 ok Calvin


thanks for your research and finding

i will add on Scomi Enery into my list


Thanks Bro
23/09/2019 9:21 AM
calvintaneng Badkama

Destini still destined for its own time to perform

1. Ecrl must launch
2. Aerospace must take off
3. 2nd liners ogse still ongoing

It's time will come

Watch destini boss buy or sell action
If he buys follow him buy. If not just hold
23/09/2019 9:25 AM
Ron90 why you telling this ah?..let them forget this lousy company la and fully concentrate to other ong companies..
23/09/2019 9:26 AM
calvintaneng Welcome kaq4468
23/09/2019 9:26 AM
calvintaneng Once thing i liked about Scomi Energy management is this

Salary of Directors about Rm60k a year (Omly Rm5K a month)
KSL Bosses took up to Rm10 Millions while TTB of ICapBiz also took many millions

And allowance for Group Directors' Meeting is a mere Rm1.000 per meeting

For Directors traveling & accommodation allowance only Rm500. That is just enough for transport & at best a 3 or 4 star hotel. Little left for extras.

Scomi Energy Bosses are frugal & sensible & transparent in their expenses

BEST OF ALL I LIKE IS

CEO HIMSELF USE HIS OWN HARD EARNED MONIES (SALARIES BY SWEAT AND BLOOD) TO BUY SCOMI ENERGY SHARES AT 10.5 SEN FROM OPEN MARKET

They didn't give much ESOS like Others
23/09/2019 9:43 AM
calvintaneng PETRONAS SAID IT INCREASED OIL RIGS FROM 18 TO 28 = SO ADDED 10 OIL RIGS OR 35% INCREASE

THIS ONE WILL BENEFIT IMMEDIATELY

SCOMI ENERGY OR SCOMIES (7045)

SCOMIES DRILLING FLUID WILL BE NEEDED FOR OIL DRILLING AS IT ACTS AS A COOLANT AND LUBRICANT OR ELSE OIL RIG DRILLING WILL OVERHEAT AND BREAK

SO SCOMIES GO GO GO!!!
23/09/2019 10:41 AM
calvintaneng VERY GOOD NEWS FOR SCOMIES

NOT ONLY PETRONAS INCREASED OIL RIGS BY 35%

SEE

Global Oil & Gas Drilling Set To Surge In 2019

https://oilprice.com/Energy/Crude-Oil/Global-Oil-Gas-Drilling-Set-To-Surge-In-2019.html
23/09/2019 10:44 AM
Tkeng Already entered nicely. Thanks.
23/09/2019 11:06 AM
calvintaneng IN MARCH OIL DRILLING PROSPECTS ALREADY GOOD

SEE THIS POWERFUL ADDED BOOSTER

Aramco’s Repairs Could Take Months Longer Than Company Anticipates

https://www.theedgemarkets.com/article/repairs-saudi-oil-production-may-take-many-months-wsj

NOW GOT ADDED IMPETUS FOR MORE TO RESTART DRILLING ALL OVER THE WORLD

SCOMIES INTO GOOD TIMES AGAIN!!!
23/09/2019 11:09 AM
cumcumshot When stock is up almost 50% from the 7c, suddenly all the experts flow in with various good reasons to buy.
1. Have the fundamentals of the oil industry substantially changed for the past one month?
2. Has the oil price substantially changed for the past one month?

The article reminds me of the Boneclyde website.
23/09/2019 3:26 PM
lextcs it should be limit up by now
23/09/2019 4:18 PM
calvintaneng No pump and dump please

All Calvin's postings are substantiated by solid facts and figures

This is Value investing with catalyst

THE most powerful force unfolding

Like the emerging of a butterfly from the cocoon
23/09/2019 4:26 PM
calvintaneng The single equation for Scomies come from Saudi oil refinery being bombed

It awakened the sense of vulnerability of dependance on a few oil clusters

Now the drilling for oil will commence in earnest which were once idle

So Scomies drilling fluid business will see better days ahead
23/09/2019 4:29 PM
calvintaneng Earlier, much much earlier Calvin foresaw Pengerang Rapid as a game changer for OGSE like carimin, naim/Dayang and penergy and issued buy calls one after another

They were right on target on hindsight

So this scomies will follow their upside now
23/09/2019 4:32 PM
Badkama take everything calvin says with a pinch of salt.do not go in blindly and get stuck.it can be a long wait.
24/09/2019 9:43 AM
lsyiat how about company mortgage? even the price of the property is lower than market value but do you include housing loan, do you think any money left after deduction?
24/09/2019 11:52 AM
Badkama calvin is a modern day conman and very good at it.people must not fall into his trap.
24/09/2019 4:02 PM
calvintaneng So many naysayers yet Scomies holding up strongly 11.5 sen

Well done scomi energy!!
24/09/2019 6:57 PM
mukhriz02023 will go back to 8.5 cents tomorrow
24/09/2019 7:48 PM
Badkama calvin,remember not long ago you said the same thing of destini.now scomi holding up strong.I pray to Jesus,to set you right.
24/09/2019 9:28 PM
Michael Kwok All thing Wht people say at ur own risk.But If Its made common sense.See the chart of month and weekly after sharp downturn or after a while in downturn.Make sure over-sold Do there hook up?
24/09/2019 9:46 PM
Badkama Jesus,is watching,calvin and when he runs out of patience,it will be payback time for you.
24/09/2019 10:55 PM
calvintaneng Badkama

Calvin has also recommended

Carimin at 39 sen Then Carimin crashed to 21.5 sen? So cry father cry mother because Carimin price gone down after Calvin buy call? THEN CARIMIN POWERED UP OVER RM1.00!!
Now over Rm1.00 (Up more than 150%)

See

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/145533.jsp

Calvin called for a chun chun buy on Naim at 50 Sen. Naim also gone up 100%

See

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/192653.jsp

SO WHY HARP ON CURRENT WEAKNESS OF DESTINI? ITS TIME ALSO WILL COME JUST LIKE CARIMIN

FOR NOW CALVIN SEES GREAT POTENTIAL IN SCOMIES JUST LIKE CALVIN SAW POTENTIAL IN NAIM WHEN IT WAS UNWANTED AT 50 SEN
24/09/2019 11:44 PM
Badkama Let Jesus,my saviour be the judge.I believe in the wisdom of Jesus and his will shall be done.
25/09/2019 11:21 AM
calvintaneng Yes, if you believe in Jesus then put your rest in Him

Jesus said that we reap what we sow

Everyone has his reward from Jesus whether good or bad

So just let Jesus do his good work

As for you go and do something productive
25/09/2019 1:08 PM
calvintaneng AIYAH!! I JUST MISSED DEGEM (7119) AS IT WILL BE PRIVATISED SOON AT RM1.10, Calvin Tan Research 25 Sep

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/226743.jsp
25/09/2019 10:12 PM
Badkama what we reap is what we sow,i pray Lord Jesus fulfills it and punish all those unscrupulous crooks who seek to enrich themselves by hyping investors hope and leaving them to bleed.
27/09/2019 8:56 AM


 

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