Highlights

THE INVESTMENT APPROACH OF CALVIN TAN

Author: calvintaneng   |   Latest post: Sun, 17 Nov 2019, 12:39 PM

 

SELL CARIMIN & UZMA NOW & SWITCH TO NETX, OPCOM, REDTONE OR MUIPROP, Calvin Tan Research

Author:   |    Publish date:


Dear Friends, Investors & Traders,

OGSE & NFCP Stocks are both CYCLICALS. Cyclicals are stocks which move up like a ferris wheel in its upward & downward cycles 

When these have jobs in their seasons they will do very well. And out of season without sales they will suffer badly

Take planting durians and planting papaya fruit for examples. A papaya tree bears fruit all the year round while the durian trees only bear fruit once or twice a year

So an owner of a papaya plantation will always have fruit to sell. This type of business is like TNB & TELEKOM. They both will have perennial income because consumers use them every single day

Not for OGSE or NFCP Stocks. OGSE only good when Brent Crude Price is high and Petronas decides to spend more monies in exploration for more oil. So OGSE Stocks like Carimin, Uzma, Dayang & Penergy will do well. But after Brent crude weakens and there is already surplus oil then there will be a slow down of OGSE Job awards from Petronas

In that case we must sell these OGSE Stocks early and not over stay. So Calvin thinks OGSE Stocks like Carimin, Uzma, Dayang & Penergy are rich in prices and all should now take profit. (Final decision is yours) However, for OGSE supporting entities whose prices are still low there will still be upside. Calvin likes Scomies & Destini. Scomies because its mother Scomi needs money and doing a capital exercise in Scomies to extract cash to help pare down Scomi high debt

 

This is good. As CEO still holding 1.8 Millions Scomies shares bought at 10.5 sen and if there is a cash payout he will benefit as well as we who own Scomies shares. All 3 of these Calvin owned before = Pm Corp, Rcecap & Dutaland had capital exercises and later gave cash payouts. Only in Rights Issue or Private Placements Companies ask for monies. In share consolidation they usually do the opposite. They consolidate to wipe of past losses from book value and then give a cash payout.

 

As for Destini it has just received a fresh 5 year job from Petronas

See

DESTINI BERHAD (“DESTINI” OR “COMPANY”) LETTER OF AWARD 1. INTRODUCTION The Board of Directors of Destini is pleased to announce that Destini Oil Services Sdn Bhd (“DOS”), a wholly-owned subsidiary of Destini, had on 20 September 2019 received a Letter of Award from PETRONAS Carigali Sdn Bhd (“PCSB”) for the Pan Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors (PACs) (“Contract”). 2. SALIENT TERMS OF THE CONTRACT The salient terms of the Contract are as follows:

(i) The contract to be executed between PCSB and DOS pursuant to the Letter of Award shall commence on 20 September 2019 and shall expire on 19 September 2024, unless extended or terminated in accordance with the terms and conditions of the Contract;

(ii) The Contract does not constitute any commitment by PCSB to guarantee any minimum quantity of works to be performed by DOS. Any instruction for the works shall be made on a call-out basis through the issuance of work order by PCSB;

(iii) DOS shall provide PCSB an irrevocable and unconditional first call Bank Guarantee, in the amount equivalent to 5% of the work order value, issued by a local commercial bank operating in Malaysia and acceptable to PCSB, within 60 days from the date of the work order; and

(iv) DOS shall provide PCSB with a Parental Guarantee duly executed by its holding company or principal within 60 days from the date of the Letter of Award, 20 September 2019. 3. INFORMATION ON PCSB PCSB, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), is a leading exploration and production (E&P) company taking on increasingly challenging projects to bring new oil & gas supplies to the market. PCSB was incorporated in Malaysia under the Companies Act, 1965 on 11 May 1978 and has its registered office at Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia. The principal activities of PCSB are the exploration, development and production of oil and gas. 

This Announcement is dated 9 October 2019.

 

Let's look at this contract

 Pan Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors (PACs)

 Pan Malaysia UmbrellaContract

Umbrella contract. Related Content. An over-arching contract of employment (either express or implied), during which time the worker is ostensibly engaged in a series of individual contracts. Under the umbrella contract, continuity of employment is preserved even where there are gaps between the individual contractsthe Letter of Award shall commence on 20 September 2019 and shall expire on 19 September 2024

 

In other words this contract lasts for 5 years even though there might be gaps where there is no active jobs being done.

So 

 Well Services for Intervention, Workover & Abandonment for Petroleum Arrangement Contractors

 

 

 

 

Now this job is not just for End of Life Well Abandonment like Uzma got for decommisioning 22 Oil Wells

It abandonment the Wells are completely dry and the OIl Platform will be dismantled & removed from the sea to prevent other ships from knocking into it

Workover meaning

 

Workover - Wikipedia

 

The term workover is used to refer to any kind of oil well intervention involving invasive techniques, such as wireline, coiled tubing or snubbing. More specifically, a workover refers to the expensive process of pulling and replacing completion or production hardware in order to extend the life of the well.
the expensive process (it means high profit for Destini. Hooray!)
 
WORKOVER MEANS THERE IS STILL OIL IN THE WELL BUT IT NEEDS TO DO MAINTAINENCE TO EXTEND THE LIFE OF THE WELL
SO WORKOVER IS A BETTER PAYING JOB THAN WELL ABANDOMENT
DESTINI HAS DONE WELL TO SECURE THIS 5 YEAR JOB CONTRACT
THIS SINGLE JOB AWARD WILL PROPEL DESTINI INTO A MORE PROFITABLE PATH!!
SO CALVIN URGE ALL TO SELL ALL OGSE TIER ONE (CARIMIN, UZMA, DAYANG & PENERGY) INTO STRENGTH AND SWITCH TO NFCP STOCKS LIKE NETX, OPCOM, REDTONE, MUIPROP & TIER 2 OGSE STOCKS LIKE SCOMIES OR DESTINI
Now you must realise that Calvin sees longer term
You must not invest with Nov 2019 Quarter Results in view
YOU MUST SEE AND INVEST BEYOND NOV 2019 UNTIL NFCP JOBS ARE AWARDED & FINAL RESULTS OF GREAT PROFITS ARE OUT
JUST LIKE WHEN CALVIN CALLED FOR A BUY ON CARIMIN ON JAN 26TH 2018 WHEN PRICES WERE CHEAP AND RESULTS WERE REALLY BAD THEN
See
 

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2017
30 Sep 2016
30 Sep 2017
30 Sep 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
24,734
32,846
24,734
32,846
2 Profit/(loss) before tax
-71
1,773
-71
1,773
3 Profit/(loss) for the period
-183
1,635
-183
1,635
4 Profit/(loss) attributable to ordinary equity holders of the parent
-277
1,646
-277
1,646
5 Basic earnings/(loss) per share (Subunit)
-0.12
0.70
-0.12
0.70
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 ($$)
0.6778
0.6791
 
 
AFTER THIS BAD QUARTER RESULT OUT CALVIN DARED TO ISSUE BUY CALL FOR CARIMIN
AND AFTER ISSUING BUY CALL CARIMIN RESULT ALSO AS BAD
SEE

SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
40,253
31,323
64,988
64,169
2 Profit/(loss) before tax
-3,297
-2,309
-3,368
-538
3 Profit/(loss) for the period
-3,639
-2,461
-3,822
-827
4 Profit/(loss) attributable to ordinary equity holders of the parent
-3,606
-2,587
-3,884
-942
5 Basic earnings/(loss) per share (Subunit)
-1.54
-1.11
-1.66
-0.40
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 ($$)
0.6624
0.6791
THEN WHY SHOULD CALVIN ISSUED BUY CALL FOR CARIMIN AT 39 SEN IF RESULTS SO BAD
THESE ARE THE ANSWERS
BECAUSE PETRONAS APPOINTED OGSE. CARIMIN WAS GIVEN A RM60 MILLIONS JOB AWARD
SO ALTHOUGH IMMEDIATE QUARTERS WERE BAD CALVIN IS LOOKING BEYOND THESE BAD QUARTERS INTO THE FUTURE (FUTURE VERY FEW CAN SEE THEN JUST LIKE FUTURE OF NEXT, OPCOM AND OTHERS FEW CAN SEE NOW)
 
This is why Sifu Warren Buffet said, "We cannot drive a car looking at the rear view mirror"
WE HAVE TO LOOK AHEAD TO EXPECT AND SEE ROSIER PROSPECTS YET AHEAD!
WE MUST THEN SEE WITH OUR EYES INSIDE OUR HEADS!!
 
ANOTHER THING IS INSIDERS/DIRECTORS OF CARIMIN WERE BUYING
BIG BIG QUESTION THEN PEOPLE SHOULD HAVE ASKED
IF SIFUS AND GURUS SAY CARIMIN RESULTS ARE SO BAD WHEN DIRECTORS/INSIDERS OF CARIMIN ARE BUYING AND BUYING
DON'T THEY KNOW AND SEE THEIR ACCOUNTS ARE ALL IN A SHAMBLE!!
OF COURSE THEY DO!!
THEN WHY?
ANSWER:
BECAUSE THEY SAW AHEAD OF TIME THAT CARIMIN IN THE NEAR FUTURE WILL BE EARNING LOTS OF MONIES (JUST LIKE CALVIN ALSO SEE AHEAD OF TIME NOW THAT NETX WILL BE MAKING A LOT OF MONEY (NOT NOW) BUT IN THE COMING VERY VERY BRIGHT FUTURE!!
AND SO THEY WERE RIGHT. AND BY FOLLOWING INSIDERS' MOVE CALVIN ALSO CORRECT AND CHUN CHUN
SEE CARIMIN RESULTS NOW (18 Months from Buy Call on Jan 26th 2018)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2019

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2019
30 Jun 2018
30 Jun 2019
30 Jun 2018
$$'000
$$'000
$$'000
$$'000
1 Revenue
167,979
51,444
443,005
141,304
2 Profit/(loss) before tax
11,283
-15,970
31,093
-24,452
3 Profit/(loss) for the period
9,780
-16,292
28,572
-25,418
4 Profit/(loss) attributable to ordinary equity holders of the parent
9,706
-16,243
28,816
-25,388
5 Basic earnings/(loss) per share (Subunit)
4.15
-6.95
12.32
-10.86
6 Proposed/Declared dividend per share (Subunit)
1.60
0.00
3.00
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 ($$)
0.6765
0.5671
 
WHOA!
GOOD RESULTS ARE FINALLY OUT
AND CARIMIN SHARE PRICE UP 300% TO 400% FROM ITS LOWS
SO CHASE IT TO THE SKY? THE SKY IS THE LIMIT? NO! NO! NO!!
INSIDERS/DIRECTORS ARE NOW SELLING AND RUNNING AWAY
(BY HUMAN NATURE YOU SHOULD RUN WHEN CARIMIN WAS MAKING LOSSES AND BUY WHEN YOU SEE VERY GOOD RESULTS! YES! 90% OF THE PEOPLE WILL DO THIS AND DIE KAW KAW!!
Stop Press:
While I took a short break I saw this comment posted
 
win-win OTB said already, NETX is speculating counter, beware guys!

Posted by Ooi Teik Bee > Oct 20, 2019 3:30 PM | Report Abuse

I wish to challenge you that the growth of Oil And Gas maintenance players performance will be good for next 2 to 3 years. It will be good until at least 2020/1.
I had done my homework many ... many times, I wish to debate based on facts and figures.
I do not have any insider information, all information I gathered is from quarter result or report.
Look at quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...

Let me know is my homework correct or not.
All technology stocks are running ahead of fundamental, PER cannot be used to value the stock price.
Look at Netx quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0...

I will definitely will not buy this type of stock.
All readers, please do your homework, you should understand why I wish to challenge him.

Thank you.
Ooi
20/10/2019 6:32 PM
First Let Calvin State Clearly
I have great respect for Sifu OTB in i3 Forum. I also greatly respect Sifu KcChongnz
I do not wish to seek any offense. 
As for Uzma I think I have made alot as well as so many Others who bought UZMA at its bottoms from 55 sen to 62 sen. Calvin still holding Uzma bought at 55 sen. It will be my trophy shares. I also bought Gsb at 9 sen and told all to sell Gsb at 22 sen though I also kept some Gsb shares as trophy
So I don't wish to spend time debating on a Stock that made me 100% profit when Uzma crossed Rm1.10 for a chun chun 100% gain
As for Uzma the CFO Director Mr Bong had also disposed all (I spoke to CFO Mr Bong twice over the phone)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

Amended Announcements
Please refer to the earlier announcement reference number: GA1-01102019-00052

UZMA BERHAD


 

 

 

 

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description
Dealings outside closed period

Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the undermentioned Principal Officer has notified on the changes of his interest in the securities of Uzma Berhad, details as set out in the table below:-  

Name

Date of Disposal

Nature of Interest

Number of Ordinary Shares disposed

Percentage of shares disposed (%)

 

Bong Leong Sung

 

30 September 2019

Direct Interest

100,000

0.031*

* The percentage of holding is based on the issued share capital of 320,028,500 ordinary shares.

This announcement is dated 1 October 2019.

CFO Mr Bong sold all his 100,000 shares of Uzma on September 30

A check with i3 investors stock chart reveals

September 30 (UZMA)

Opening price = 87 sen

High = 88.5 sen

Low =86.5 sen

Closing price = 87.5 sen

Total traded = 3,554,800

So CFO Mr Bong sold at between highest 88.5 sen & lowest at 86.5 sen

I need to call and ask him what was the exact price he sold?

Another Director of Sales (This one at forefront getting new business for Uzma) Sold

 

 

Director of Sales for Uzma bought beteen 57.6 sen to 59.5 sen and Sold at 93 sen

 

THEY ALREADY KNOW AHEAD NOV 2019 RESULTS OF UZMA

Calvin doesn't know. So just wait

As for NETX I have been called all kinds of names and imputed with all kinds of motives for calling a Strong buy on this

LET CALVIN TELL YOU THIS

I AM TOTALLY UNSHAKEN IN MY FULL CONFIDENCE IN NETX POTENTIAL!!

I FULLY BELIEVE IN THE GREAT POTENTIAL OF NETX AS WELL AS OPCOM

OPCOM?

IN YEAR 2008 I WAS IN STOCK BROKERAGE FIRM IN JOHOR

I CALLED MY REMISIER TO BUY SOME OPCOM AROUND 30 SEN THEN

MY JOHOR SIFU WATCHED OVER MY SHOULDER AND SHOUTED IN HORROR

YOU CANNOT BUY THAT RUBBISH USELESS OPCOM!!

"QUICKLY SELL IT AWAY",  HE COMMANDED STERNLY 

STRAIGHTAWAY, I CALLED MY REMISIER TO SELL AWAY OPCOM SHARES AT 30 SEN THEN

THEN I DID ANOTHER THOROUGH STUDY ON OPCOM

I FOUND THAT WITH IMPENDING SUBPRIME CRISIS OPCOM LOOKS LIKE A TSUNAMI SHELTERED SHARE TO BUY
 

SO I BOUGHT BACK EVEN MORE OPCOM SHARES TO THE CHAGRIN OF MY GREAT JOHOR SIFU

IT TURNED OUT LATER I WAS CHUN CHUN WHEN OPCOM CROSSED RM1.00 FOR MORE THAN 200% UPSIDE IN 3 YEARSARS OR 70% PER YEAR YIELD

BEST REGARDS

Calvin Tan Research

 

Singapore

 

Please buy or sell after doing your own due diligence

 

If Calvin could humbly defy his great SUPER MULTI MILLIONAIRE JOHOR SIFU AND BOUGHT OPCOM AND PREVAILED

I have learnt to trust my research no matter who might disagree,

It does not matter at all

Only TIME will eventually prove me right or wrong.

 

 

 

 

 

 

 

 

win-win OTB said already, NETX is speculating counter, beware guys!

Posted by Ooi Teik Bee > Oct 20, 2019 3:30 PM | Report Abuse

I wish to challenge you that the growth of Oil And Gas maintenance players performance will be good for next 2 to 3 years. It will be good until at least 2020/1.
I had done my homework many ... many times, I wish to debate based on facts and figures.
I do not have any insider information, all information I gathered is from quarter result or report.
Look at quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...

Let me know is my homework correct or not.
All technology stocks are running ahead of fundamental, PER cannot be used to value the stock price.
Look at Netx quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0...

I will definitely will not buy this type of stock.
All readers, please do your homework, you should understand why I wish to challenge him.

Thank you.
Ooi
20/10/2019 6:32 PM

 

Share this

  Be the first to like this.
 
win-win OTB said already, NETX is speculating counter, beware guys!

Posted by Ooi Teik Bee > Oct 20, 2019 3:30 PM | Report Abuse

I wish to challenge you that the growth of Oil And Gas maintenance players performance will be good for next 2 to 3 years. It will be good until at least 2020/1.
I had done my homework many ... many times, I wish to debate based on facts and figures.
I do not have any insider information, all information I gathered is from quarter result or report.
Look at quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5...

Let me know is my homework correct or not.
All technology stocks are running ahead of fundamental, PER cannot be used to value the stock price.
Look at Netx quarter result performance as follows :-
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0...

I will definitely will not buy this type of stock.
All readers, please do your homework, you should understand why I wish to challenge him.

Thank you.
Ooi
20/10/2019 6:32 PM
7300 this last ong goring high,who dont know crude oil around 40 end of year
20/10/2019 9:14 PM
ming Strongly doubt on NETX..
20/10/2019 9:18 PM
7300 all sudden half sen sellers on queue
20/10/2019 9:25 PM
huat888 Simply cook up a stock for him to dispose for profit. Really selfish and cunning fellow!!!
20/10/2019 9:40 PM
lextcs sell rice and buy ubi kentang...is that the call?
21/10/2019 9:04 AM
UnicornP I totally disagree with Calvin this one. One should not dump Carimin & Uzma so easily. But I agree still can add on Redtone as proven by increasing earnings. NETX is definitely a big NO.
21/10/2019 10:15 AM
lextcs u must decide which is more valuable...RICE or ubi kentang
21/10/2019 10:17 AM
lsyiat I feel you're too over in posting NETX which I am always feel penny stock is risky. I believe you have influence a lot people to buy it but however please take in mind you will cause a lot people losing money too if the share does not raised but drop back to 1 sen. Don't be silly if you can't give guarantee return. "Please buy or sell after doing your own due diligence" is stupid and irresponsible.
21/10/2019 10:58 AM
CityHuntEr lol...KYY said his portfolio as below :
DAYANG - 80%
UZMA and CARIMIN - 10% each
hahahahah
siapa punya betul?
21/10/2019 5:17 PM
cat lim Lol. Sell gems and buy junk? Please think twice if you want to Follow this Holland king
21/10/2019 5:40 PM
cat lim Price is what you pay, value is what you get
21/10/2019 5:40 PM
cat lim Simply use carimin for your next stock. Really joker
21/10/2019 5:41 PM
michaelwong Ignored the fortune teller's with endless stocks recommendation throughout the years . More to come one after another . Roadside snakes oil NO:1 promoter .
21/10/2019 10:00 PM
wiaxx123 tipu besar
22/10/2019 3:08 PM
Smartinvestor2030 Post removed. Why?
22/10/2019 3:52 PM
lsyiat junk stock, run for life
23/10/2019 11:21 AM
calvintaneng Next year, we are encouraging SMEs to adopt digitalisation,” said Lim, adding that the government will provide a 50% matching grant of up to RM5,000 per company for the subscription of electronics point of sale system, enterprise resource planning (ERP) and electronic payroll system,” Lim said.

This matching grant will be worth RM500 million, limited to the first 100,000 SMEs applying to upgrade their systems, he said.

Lim also reiterated that the government will be also allocating RM550 million to provide Smart Automation matching grants for 1,000 manufacturing and 1,000 services companies to automate their business processes, in which this grant will be given on a matching basis up to RM2 million per company.


EVEYDAY GOT CHUN CHUN BOOSTER NEWS ON DIGITISATION
13/11/2019 10:07 AM


 

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