THE INVESTMENT APPROACH OF CALVIN TAN
BINA PURI - THE BEST DEFENSIVE BUY IN BURSA FOR A MULTIYEAR UPSIDE POTENTIAL (Calvin Tan)
calvintaneng
Publish date: Fri, 30 Sep 2016, 12:05 AM
calvintaneng
0 1,801
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Hello Men/Women, Boys/Girls & All Fellow Investors in i3 Forum,
If good stocks are not recommended bad stocks will be. The danger of buying land mine stocks like Patimas, Transmile, Megan Media, Saag, Maemode & others are very real and dangerous to our stock performance. Same for those trapped in hot air balloon stocks like ifca, thheavy, sumatech (sudatrap), sersol, xinquan, pdz & vsolar with no way out AFTER sydicates have PUMPED & DUMPED them to all unsuspecting naive newbies, gamblers & punters of the day.
Benjamin Graham advocates the Buying of Stocks with High MARGIN OF SAFETY.
Now what is the Margin of Safety?
For cars we install ABS Brake & airbags. For military planes we have parachutes, and for ships & ferry with have life jackets. What for? To prevent the losses of precious lives and limbs, of course!
So is our investments!! We need to invest in Stocks or Companies that have MARGIN OF SAFETY. Why is it so?
To prevent losses and bankruptcies of Companies exposed to the vicissitudes of life, the uncertainty of the market - to face financial storms & crisis that occur from time to time. How many businesses & business men were wiped off during the Asian Financial Crisis of 1997/8? How many more suffered from the Lehman Brothers' Debacle in 2007/8? Lehman Brothers with over 100 years history gone bankrupt! So is Bear Sterns, Washington Mutual & Merill Lynch which was rescued by Bank of America.
What, then, constitute The Margin of Safety?
Benjamin Graham wants a share selling at least 30% discount from NTA (Net Tangible Asset). Like making a Bridge to withstand a 10 ton lorry for the requirement at only 5 tons. Suppose you build a bridge with specification for only 5 ton lorries to pass. But someone foolishly drives an 8 ton lorry across. The Bridge will collapse! So by building a Bridge with ability to stand the weight of up to a 10 ton lorry - THERE IS A BUILT IN MARGIN OF SAFETY - IN CASE SOME ONE MAKES A MISTAKE & ERRED!!
This is summarized by Ben Graham's Famous Disciple - Warren Buffet, who made these 2 Rules of Investments.
1) Never to Lose Money
2) Rule No. 2 is to remember Rule No. 1 - Never to lose money.
Calvin Tan Research has identified these 7 "MARGIN OF SAFETY" Pointers in Bina Puri
They are:
1) Selling at Huge 56% Discount to NTA
At 41 cts closing price today with High NTA of 93 cents - Bina Puri qualifies as a Net Net Stock for Ben Graham & Walter Schloss.
This 56% Discount To NTA provides a Huge Margin of Safety.
What are the NTA (Net Tangible Asset) of BPuri? Just take a look at one example:
Please refer to 2015 Buri Puri Annual Report - scroll down to Properties owned by the Company
3 level shopping Mall Shopping Mall. Main Place Mall Lot 49113, SUBANG JAYA
Bought in 20 Mar 14
Freehold – 645,834 sq ft
Net Book Value Rm 205,000,000
BPuri has other valuable Lands & Assets just like this which could be sold for Cash. These Assets also appreciate on its own over the years. See Crescendo results today. Crescendo has revalued their assets & booked them as profit. Last time I bought OKA at 35 cts. Oka gives a yearly dividend from its earnings without fail. Oka was only 35 cts (dirt cheap) with NTA over Rm1.20. And in lean years I thought I won't be getting any dividend for that year. But to my big surprise OKA Bosses revalued OKA assets, booked them as profits - then gave me the usual dividend!!
2) BINA PURI GIVES A DIVIDEND BETTER THAN BANK FD RATE:
Like OKA (Oka no longer cheap now - already up 700% after bonus issue!) Bina Puri is also giving a yearly dividend without fail
Extracted from STOCK PERFORMANCE GUIDE By DYNAQUEST
Dividends for BPuri
Year...........Dividend
2006 .........2.9 sen
2007..........3.7 sen
2008..........4.5 sen
2009..........3.0 sen
2010...........3.0 sen
2011...........3.0 sen
2012...........1.5 sen
2013............1.5 sen
2014............1.5 sen
2015...........2.0 sen
2016............ ?? Only 3 more months left to declare dividend for this year.
3) GOVT LINKED PROJECTS ASSURE SAFETY OF PAYMENTS
These are difficult times. Swiber being hit by bad debts, flounder in Singapore. Hanjing Shipping of South Korea in trouble due to shipping downturn. Even TekSeng just retrenched staff in Penang due to surplus merchandise in a saturated market with dwindling sales.
BPURI has secured payments from Projects Awarded by Malaysian Govts & Malaysian Companies.
See (Refer to Annual Report Under Chairman Statement)
BUSINESS OVERVIEW ACROSS ALL SEGMENTS
As in previous years, the Group’s earnings are derived from its businesses in construction, property development, quarry and ready mix concrete and power generation. 2015 was a strong year for the Malaysian construction industry; it registered a 11.2% growth. Many infrastructural projects were announced in Budget 2016 and this will ensure a constant stream of revenue for the construction sector. The Construction Division has remained the main core business of Bina Puri Group.
The Group managed to secure new projects worth RM1.2 billion in 2015. The new projects include additional work and interior design work for Sabah State Administration Building, Bunus Regional Sewage Treatment Plant, Movenpick Spa Resort Kuala Terengganu, Medini Twin Tower at Iskandar Malaysia in Johor, Island Resort Pulau Poh Lake Kenyir and Civil Work at RAPID Steam Cracker Complex in Pengerang Johor.
BPuri also secured the Malaysian Embassy Building Job in Russia from the Malaysian Govt.
And lately these were the Project Awards
a) Rm80 Millions for 440 Units of Flats in Sabah
The Board is pleased to announce that Bina Puri Sdn. Bhd., a wholly owned subsidiary of Bina Puri Holdings Bhd. had accepted the award for the role of project management consultant for the project known as “Mereka Bentuk, Membina dan Menyiapkan 440 unit rumah pangsa 5 tingkat (walkup flats) serta kerja-kerja berkaitan dengannya untuk Program Perumahan Rakyat (PPR) di Pitas, Sabah from Arus Sutera Sdn. Bhd. at contract sum of RM80 million. The works mentioned above shall be completed within 42 months.
The said project is expected to contribute positively to the net assets and earnings of Bina Puri Group for the financial year ending 31 December 2016.
b) Portion of Rm1.35 Billions Pan Borneo Highway Project Award from Malaysian Government.
LETTER OF AWARD FOR THE DEVELOPMENT AND UPGRADING OF THE PROPOSED PAN BORNEO HIGHWAY IN THE STATE OF SARAWAK, MALAYSIA - PHASE 1: WPC06 - SG. AWIK BRIDGE TO BINTANGOR JUNCTION |
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The Board of Directors of Bina Puri Holdings Bhd. (“BPHB”) is pleased to announce that PPES Works (Sarawak) Sdn. Bhd. and Bina Puri Sdn. Bhd. joint venture (“PPESW-BPSB JV”) has, on 25 July 2016, received and accepted a Letter of Award from Lebuhraya Borneo Utara Sdn Bhd for the Proposed Development and Upgrading of Pan Borneo Highway in the State of Sarawak, Malaysia, (Phase 1: WPC06 - Sg. Awik Bridge to Bintangor Junction) for a contract sum of RM1,358,880,000.00 only (“the Contract”). Bina Puri Sdn. Bhd. (“BPSB”) is a wholly owned subsidiary of BPHB. The Contract is for duration of forty seven (47) months from the date of the Letter of Award. PPESW–BPSB JV is a 70 (PPESW):30 (BPSB) joint venture and a joint venture company will be incorporated in due course to undertake the Contract as a condition imposed in the tender for the Contract. With this award, the total projects secured by the Group in 2016 is RM480.66 million. We are confident of more successful awards before year end. c) Rm73 Millions For RAPID Project from PETRONAS
And and check out yourselves Project After Project Award to BPuri!
Listen to the words of: Warren Buffet, "If a business does well, the stock eventually follows".
4) SHARE PRICE OF BPURI NOW AT MULTI YEAR LOW - INSIDERS & DIRECTORS ARE BUYING AND BUYING Below are the Year Low & Year High Prices of BPuri 2006................0.60............0.90 2007................0.64............1.41 2008................0.65............1.15 2009................0.70............0.96 2010................0.74............1.54 2011.................0.85............1.65 2012.................0.80............1.05 2013.................0.57............0.88 2014.................0.50.............0.80 2015.................0.33..............0.65 2016.................0.37..............0.47 At the current price of 41 cents today Calvin Tan Research thinks BPuri is GROSSLY UNDERVALUE!! Insiders & Directors Are Buying & Buying Up BPuri Very Very Stealtily & Quietly See
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Last time Insiders Bought Tomypak at 40 cts very quietly. One day Tomypak Jumped 1,000% & split!
Same goes for TN Logis. I Saw Insiders Buying TN Logis at Rm1.50 to Rm1.70. So I followed them. As it turned out TN Logis gave Bonus & warrant issue later & price spiked to Rm7.00 & split (TN Logis up 500%)
Later Kimhin followed the same pattern - Insiders & Directors were buying and buying up Kimhin at Rm1.30 before Price Crossed Rm2.00
When Jaks was 40 cents I saw Jaks received millions and millions of Job Award. So I bought it at 39.5 cts.
I saw Directors & Insiders buying Jaks later & I highlighted it to all
Posted by calvintaneng > Dec 16, 2014 03:00 PM | Report Abuse 
X
Whoa!
Top boss bought at 44 cents and above, millions of them. Anything below 40 cents is a bargain!
So don't wait or else Jaks jump Jump JUMP Up And Away!
And Jaks later JUMPED OVER RM1.20 (UP 200%!!)
5) ESOS AT 50 CENTS to 54 CENTS ALL TAKEN UP BY INSIDERS AND DIRECTORS
Not only Insiders are buying & buying BPuri shares from the open market. They even pay much higher price quietly through ESOS.
The Amazing Discovery is: Directors willing to exercise ESOS at 50 cents when they can get it cheaper from open market at only 36 cents
See CAREFULLY
OFFER OF OPTIONS UNDER THE EXECUTIVES' SHARE OPTION SCHEME (ESOS) |
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We refer to the ESOS of Bina Puri Holdings Bhd. (BPHB) which was established on 7 June 2011 and extended for another 5 years from 7 June 2016 to 6 June 2021 in accordance with the ESOS By-Laws . Pursuant ot paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, BPHB would like to announce the grant of options under the ESOS as stated below:-
Question is? Why Are Directors Paying Much Higher Prices for BPuri Shares at 50 cents through ESOS rather than buying them from Bursa at only 36 cents? A VERY BIG QUESTION MARK & YOU MUST SEE BEYOND THE OBVIOUS!!! Last time my Johor Sifu (MG9231) Alerted me to Buy Pintaras Jaya at Rm1.40. He told me at Rm1.40 we are buying cheaper than Company ESOS at Rm1.90. And he observed that the Doctor Boss of Ptaras Jaya even quietly bought PTaras Jaya from the open market together with the ESOS at Rm1.90. As it proved out - PTaras Jaya garnered a nice 31% CAGR for a 10 Year Period from 2006 to 2016! See Sifu KcChong Price Chart
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After 10 Years All The Value of PTaras has finally emerged & MG 9231 made his Millions (many millions)
Coming back to the Question Now:
Why Insiders/Directors are exercising their ESOS at 50 cents? The only answer I can think of are 2
1) With 3.25 Millions ESOS offered you can Whack A Whole Lot of It Because you don't find many sellers below 50 cents. On some days only a miserable 30 lots of BPuri Shares were traded. And if they really Whack BPuri shares from the open market prices will definitely spike up.
Except for one Director who is nibbling and nibbling from the Open Market at around 40 cts, I don't know whether other Diectors or Insiders are buying through proxy. This is yet unknown. Maybe we will know it in the far future.
6) PRIVATE PLACEMENT ALL TAKEN UP AT AROUND 50 CENTS, TOO. AT A PREMIUM & NOT A DISCOUNT! AMAZING!
Like Masteel, BPuri has taken the less costly was to raise Capital by private placement. This is much cheaper than borrowing funds from the banks.
While Masteel placed out its shares at a discount BPuri placed out its shares at a premium. Amazing. People are willing to pay more for BPuri Private Placement Shares at 50 cts rather than buying them from the open market at 39 cents?
See
| Announcement | ||||||||||||||||||||||||||||||||||||||
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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
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| Description |
BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY")
PRIVATE PLACEMENT
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We refer to the announcements made on 12 June 2015, 15 June 2015, 30 June 2015, 28 October 2015, 3 November 2015, 11 November 2015, 16 November 2015, 14 December 2015, 16 December 2015, 28 January 2016 and 2 February 2016 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of Bina Puri, TA Securities wishes to announce that the Board has on 12 May 2016 (“Price-fixing Date”) fixed the issue price for the fourth tranche of the placement of 5,684,800 Placement Shares at RM0.50 per Placement Share (“Issue Price”). The Issue Price represents the par value of Bina Puri Shares and is at a premium of approximately RM0.1011 or 25.34% to the five (5)-day volume weighted average market price of the Bina Puri Shares up to and including 11 May 2016, being the last market day immediately preceding the Price-fixing Date of RM0.3989 per Bina Puri Share. This announcement is dated 12 May 2016.
See Further:
AnnouncementSubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY")
PRIVATE PLACEMENT
We refer to the announcements made on 12 June 2015, 15 June 2015, 30 June 2015, 28 October 2015, 3 November 2015, 11 November 2015, 16 November 2015, 14 December 2015, 16 December 2015, 28 January 2016, 2 February 2016, 12 May 2016 and 20 May 2016 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of Bina Puri, TA Securities wishes to announce that the Private Placement is deemed completed on 29 June 2016 pursuant to the deadline for the implementation of the Private Placement under the extension of time granted by Bursa Securities until 29 June 2016 vide its approval letter dated 15 December 2015 to complete the Private Placement. A total of 21,684,800 Placement Shares were placed out pursuant to the Private Placement:
This announcement is dated 29 June 2016.
Again THE BIG QUESTION IS - WHY INTERESTED INVESTORS ARE BUYING PRIVATE PLACEMENT SHARES AT 50 CTS WHEN THEY CAN BUY THEM CHEAPER BELOW 40 CTS FROM THE OPEN MARKET. I think the same answer already given. There are few shares traded for BPuri on any given day. So 21.6 Million BPuri Shares (SO UNDERVALUE) looks very attractive for SUCH A BIG VOLUME BUYER. Try buying 21 million BPuri Shares from open market? Double Limit Up possible?
7) NOW I HAVE PRESENTED THE FACTS AND FIGURES ABOUT BINA PURI. I LEAVE ALL FELLOW i3 FORUM MEMBERS TO MAKE YOUR OWN JUDGEMENT & CONCLUSION.
What are Insiders Planning Yet Ahead In Time?
1) Will They Suddenly Bring Out "Hidden" Earnings Like What GuanChong Did & Cause Prices to Spike? After all they have lots of revenue with little profits to show. Will all the hidden profits come to light one day?
2) Will there be capital exercise like MFCB? Hiaptek? TN Logis? Free Bonus Issue with Free Warrants plus Rights? Last time Calvin Tan Research hinted that MFCB is riped for Capital Exercise. It prediction turned out correct! See
calvintaneng This MFCB Is Actually Ripe For Corporate Exercise Like Pintaras, TN Logistics or Kimlun
1) Issue Bonus Issue 2) Share Split For Cheaper Entry To Attract Retail Players 3) Free Warrants To Sweeten The Deal And A Special Dividend would really Wake Up Mr. Market! MFCB HAS ALL THE INGREDIENTS FOR IT.
17/07/2014 18:53
On April 12th 2016 just 18 months later Calvin Tan Research was "Chun Chun"
MFCB Came out with Rights Issue With FREE ATTACHED WARRANTS
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OFFER OF OPTIONS UNDER THE EXECUTIVES' SHARE OPTION SCHEME (ESOS) |
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We refer to the ESOS of Bina Puri Holdings Bhd. (BPHB) which was established on 7 June 2011 and extended for another 5 years from 7 June 2016 to 6 June 2021 in accordance with the ESOS By-Laws . Pursuant ot paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, BPHB would like to announce the grant of options under the ESOS as stated below:-
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So let's Sum it up:
Bpuri at 56% discount to NTA has Big Margin of safety.
A 4.8% dividend better than Bank FD.
Govt linked projects ensure secured payment.
Share price weakness is opportunity to "buy low". Insiders Gobbling up undervalue shares!
Buying at 41 cts now is 21% than Company Esos price.
Also 21% cheaper than private placement of 50 cts
.And with all clarity before us we can invest safely and sleep soundly.
And with downside So Well Protected With Look for A Multi Year Upside!
So Will BPuri Going To Hold A Capital Exercise soon?
It remains to be seen. Are you going to hold long term to SEE all its Deep Value Unfold One by One?
Have A Profitable Day, Week, Month & Years ahead.
Another Great Stock Brought to You
By Calvin Tan Research
Warmest regards,
Calvin Tan,
Jurong West, Singapore
Good night everybody
ZZZZZZZzzzzzzz,,,,,.......
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Discussions
Be the first to like this. Showing 50 of 82 comments
If you throw one stone, chances are you hit nothing. If you throw a thousand stones, good chance to hit a fish in the sea.
2016-09-30 11:07
bpuri like daiman, cresbld n...... put your money elsewhere. any shitty stock are better than them
2016-09-30 11:43
NacNgu,
Why don't you post here one stock you think will perform better than bpuri in a friendly contest?
See if after 18 months it can beat bpuri.
2016-09-30 13:56
Calvintaneng fyi Bina Puri only controlled about 33% stake of USJ Main Place.
How many shares you owned despite heavily promoting this counter here ?
2016-09-30 14:06
Salam,
I have only posted around 100 or more stocks.
Out of them 4 already hit 200% growth
1. Silk on Jan 2014 at 40 cts. Silk shot past rm1.20 (up 200%)
2. Pohuat (power huat) at rm1.25. Pohuat powered to rm3.80 and split(up 200%)
3. Super Enterprize at Rm1.25. Super Taken private at rm3.80 (up 200%)
4. Jaks at 39.5 cts. Jaks jumped over Rm1.20 (up more than 200%)
These stocks gained 100%
My eg, jerasia, maybulk, ipmuda went limit up, supermax, Pm Corp up 100% twice!
Others up from 30% to 80% like kheesan, asb, kpscb, prestar, masteel, wangzhng, ntpm, kimlun, padini (up almost 100%), kkb, all furniture stocks.
These 3 taken private
1. Super Enterprize at $1.25. Taken private at rm3.80 (up 200%)
2. Kulim at rm2.50. Taken private at rm4.10 (up 60%)
3. Tmakmur at rm1.38. Taking private at rm1.80 (up 30%)
So far not even one share go bankrupt or kena delisted like Patimas and coming soon Lion corp.
SEE
4 of my stocks gained 200%.
I haven't yet got any with total loss. Total loss is only 100%
So how can Calvin under perform.
Hahaha!
You must check out the truth carefully.
2016-09-30 14:14
i don't see any 2sen dividend for this year? last declared was back in 2015
2016-09-30 19:57
DavePower is correct!
I beg your pardon. 2 Sen dividend was for year 2015. I still in booming Islandar. Will amend my post on returning to Spore.
Yes, we need people like DavePower who read, check and double check carefully. Leaving no loophold for error.
Thanks again, Dave
2016-09-30 21:08
Hi Guys,
I just arrived in Singapore. And I amended the earlier error on year 2016 dividend which is yet to be declared.
Anyway, thanks for visiting.
This article has 2,760 page views as of now. Please share this article with your remisiers, stock brokers & other deep value investors.
2016-09-30 23:32
calvintaneng, I believe your result is not "superb" as claimed .
A true trader/investor will reveal his power / foundation of knowledge as he speaks/voice out his/her opinion.
I can point out several things that you try to "hide".
1. You hide your underperformed counter by sugarcoating with your outperformed stock.
2. Your investing method is punting investment (NTA) and hope for the best.
3. You do not talk about your exposure percentage in your winning or losing stock.
4. You do not talk about the strategy of exit , add on , reduce exposure and so on.
5. The only thing you say is "buy, buy if drop more" such thing.
and so on...
I hope that new investor will not follow your footstep blindly to buy your stockpick.
Thank you.
CFTrader
2016-10-01 17:26
10000 viewed , shouting from Calvin later ..
kakaka ... Teasing are flooding your post Calvin .
2016-10-01 17:42
I have been reading Sun Tze's Art of War. One particular point is "All warfare involves deception".
That's how the Japanese during 2nd World War tricked the Mighty British Army in Singapore. The British thought Singapore was impregnable because of its Huge Guns at Fort Siloso, Sentosa Island - pointing at the Pacific Ocean. No Japanese ship appeared at all. The Japanese Army only 36.000 soldiers defeated the British with 135,000 soldiers.
Japanese Bicycle army came by way of Kota Bahru through Estate Roads - avoiding the major trunk roads which were filled with pill boxes with manned machine guns for protection.
How did these Jap soldiers know. Well, before 2 WW started there were 6,000 Japanese in Malaya & Singapore working as barbers, 10 cent provision store, photographer & other jobs scattered throughout Malaya. They were actually spies. Secretly they took vital photos, drew up road maps, located all the military installations, defense posts and Heavy Guns of the British.
At the outbreak of the 2 WW these "spies" returned to Malaya as "soldiers" and being very familiar with Malaya geography led the invasion.
Now in just weeks Malaya fell & they assembled at Johor.
There were 36,000 Japanese soldiers versus 130,000 British in Singapore.
General Percival directed his army to defend the Western Side of Spore with the highest fortification & soldiers. He left the Eastern part of Spore near Kranji to the Australian & local poorly trained soldiers - only a miserable 3,000 to defend it.
Seeing the Heavy Fortification of Changi Beach the Jap really planned their deception well in their Conquest of Spore.
They got together hundreds of lorries at night. Turned on the head lights & drove them from the Western part of Johor to the Eastern Part of Johor. Then they "switched off" the headlights & drove quietly in the darkness of the night back to the Western part of Johor - turned on the head lights again & drove towards the Eastern part of Spore & repeated this process many, many times throughout the entire - CREATING THE ILLUSION THAT JAPANESE SOLDIERS ARE MOVING MASSIVELY FOR A HEAD ON ATTACK IN CHANGI!
This deception worked very well according to plan. Gen Percival & his entire army swallowed the bait & sent more artillery & men to the North Eastern Shore of Spore - preparing for the "invasion".
Then the tens of thousands of Jap soldiers crossed into Kranji. The 3,000 poorly equipped soldiers were caught & surprised & overwhelmed in retreat. When The British found out the truth it was too late!!
After that the Mighty British with 130,000 soldiers surrendered to the Jap with only 36,000 soldiers. It was a battle of brain over brawn.
So what is the moral of the story for BPuri?
DON'T LOOK AT THE OBVIOUS LIKE GEN PERCIVAL WHO MADE THE FATAL MISTAKE!!
2016-10-02 00:57
Bina puri is defensive? The last I check the investment fraternity was calling nestle, f and n, dutch lady defensive stocks. I believe 'cyclical' will be more appropriate for Bina puri
2016-10-02 15:12
It will be interesting to see your response to the article "Is Bina Puri cheap" in the blog, by "Bursa Stock Talk" on 2/10/2016.
2016-10-02 19:39
Heavenexile Bina puri is defensive? The last I check the investment fraternity was calling nestle, f and n, dutch lady defensive stocks. I believe 'cyclical' will be more appropriate for Bina puri
02/10/2016 15:12
Or call it Defensive Cyclical?
It is highly defensive by virtue of its ability to secure contracts from Federal Government, Sabah Govt, Trengganu Govt & Petronas
2016-10-03 01:02
Wing50 It will be interesting to see your response to the article "Is Bina Puri cheap" in the blog, by "Bursa Stock Talk" on 2/10/2016.
02/10/2016 19:39
Learn to look from a Higher Angle
Remember the Eagle SEES From The Highest Overall Perspective!
2016-10-03 01:03
I looked at all angles. Not just from your angle. Therefore it would be interesting to see your response to article " Is Bina Puri cheap".
2016-10-03 02:10
Wtf...receiveable 800 million? Haha haha...Calvin slaping his own big mouth...full of saliva came out
2016-10-03 07:55
Hahahahaha...nekosan, i fully agreed with you!! This calvin real joker in i3
nekosan
533 posts
Posted by nekosan > Oct 3, 2016 07:20 AM | Report Abuse
calvintaneng Gadang price now in lofty valuation. So be careful lor!
A safer buy would be BPuri.
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each time whenever a stock get goreng up you sure come in to say rubbish ask people sell etc ... most good example is ifca, you every day ask people sell when it still below 1.0 ... and finally ifca touch 1.8, then aax also same, you ask people sell when it go to 40 cent ... and more funny is you like to recommend rubbish ...
bjcorp tp 10, uems tp 10, and now this conman company bina puri which the result is so horrible.
conclusion is you are a joker in i3.
2016-10-03 08:06
I think different people see things from different perspective, I think we can learn from each other. I think Calvin is good in digging the undervalued share especially those people think that is rubbish stock. Need patient in this kind of stock. Icon also very good in spotting good shares. Tq for everyone of you.
2016-10-03 09:37
Beg my pardon , Calvin is good in digging value ???
Better check his porfolio first ...
2016-10-03 10:22
He is a own friction teller lar,,, tweaking with half true story.
Sometimes, sell with God's name ... new bies only buy his story.
2016-10-03 10:24
A better spot into construction sector are 'Piling specialist' eg.Econbhd .
( this sector receive their payment at the initial stage ).
KKB the most beneficiary proxy amongst the Pan Borneo Highway success bidders.
' Cost control ' are Crucial key to be profitable in construction sector.
Whereas, Gadang & Kerjaya cosistently deliver a much stedier EBITA than Bpuri.
30/09/2016 00:38
2016-10-03 10:26
So Better take Note Everybody,
You Must not miss BPuri like you did last time with Super Enterprize, ok?
See
calvintaneng WAHAHA!
SUPER IS REALLY SUPER INDEED!
STILL POWERING UP, UP AND UP!
12/08/2015 19:13
fly_high bye to this good counter..
13/08/2015 08:45
KLSE_Fan Bye Bye Super... TQ for the bread and butter.
13/08/2015 17:50
turbochart Really super!!!!!no drop at alll...and up !!
14/08/2015 08:12
X
calvintaneng WOW! WOW! WOW!
Was Recommended by Calvin Tan Research
at Rm1.25
Taken Private over Rm3.75
UP A WHOPPING 200% IN ONE SHORT YEAR!!
29/10/2015 10:24
2016-10-03 17:49
U may hit a consolidation prize once a while, but tired of reading your Half Bake posting which is fatal deathly to most readers if follow blindly.
2016-10-03 18:11
hell even i made 60% from drb shares also i didnt brag SOOO much about it lo....sigh
2016-10-03 18:25
Posted by klee > Oct 3, 2016 06:26 PM | Report Abuse
How about mpcorp,bjcorp?
All who follow now become corpses,Calvin only know how to tokok on winning trades and NEVER admit his mistakes.BEWARE of this con.
Let Calvin tell you 2 true stories
Story No. 1. Perak Corp
I saw Perak Corp with Rm3.00 NTA selling at only 60 cts. So?
So I told my friends to Load up on Perak Corp at 60 cts. And?
And after buying Perak Corp at 60 cts Perak Corp crashed further to 40 cts and changed name to Perak Corpse. Then?
Then one day Perak Corpse turned into POWER CORP AGAIN AND PRICE SHOT UP TO RM3.60.
So those who bought Perak Corp at 60 cts made 900%.
Those who dared to buy at 40 cts (all time low) did even better - Up a Whopping 1,000%
Story No. 2. Pm Corp
For 2 years I told Johor Buddies to buy Pm Corp at 9 cts. Today I just spoke to Mr. Say. He remembered Pm Corp turned Pm Corpse when it crashed further to only 8 cts. I told him I bought PM Corpse at the lowest at 7.5 cts only.
Then one day Pm Corp declared an 8 cts Capital repayment. So all who dared to buy Pm Corp at 8 cts are now holding FREE PM CORP SHARES FOR FOREVER.
As for Mp Corp & Bj Corp Calvin will still be buying on weakness.
See
Price does not determine value. Over the years people have priced Perak Corp at 40 cts & Pm Corp at 7.5 cts.
FOR EVERY STOCK THERE IS AN INTRINSIC VALUE
IF YOU CAN BE ASCERTAINED ON THE ACTUAL INTRINSIC WORTH OF A SHARE.
JUST BUY IT IF IT FALLS BELOW INTRINSIC VALUE!
NO MATTER WHAT THE WHOLE WORLD CHOSE OTHERWISE THE SAFE CRITERIA IS TO BUY A STOCK FAR BELOW ITS INTRINSIC VALUE.
AND NO MATTER HOW POPULAR A STOCK MAYBE TODAY - EVENTUALLY IT WILL GO BACK TO ITS INTRINSIC VALUE.
SO MANY ARE FOOLISHLY PLAYING WITH FIRE WITHOUT THESE SAFEGUARDS.
AND SO THE 10% TRUE VALUE INVESTORS WILL CONTINUE TO SURVIVE IN THE STOCK MARKET. THE REST OF THE 90% WHO ONLY CHASE HOT STOCKS WILL END UP LOSING ALL THEIR MONIES AND STOPPED POSTING LATER
WHICH ONE ARE YOU?
BETTER THINK AND THINK DEEPLY
2016-10-03 18:47
Calvin boy,u are not qualified to teach me.You are not qualified to even be my student.So you think and think and think deeply yourself.
2016-10-03 19:06
It is rather disappointing to see that you are unable to counter the blog article by Bursa Stock Talk on "Is Bina Puri cheap". Instead you brought up many of your historical stories which has nothing to do with this share at all.
2016-10-04 01:11
Posted by VenFx > Oct 3, 2016 07:06 PM | Report Abuse
Your Portfolio In Deep Sh*t ... still
Answer:
I joined i3 Forum on September 2013 and I already made 6 figures just from PM Corp alone.
So many counters made from 30% to 80%
And about 4 counters made 200%
6 counters made 100% each.
You are the one who will have your shares in deep danger of limit down like IFCA unless you escape quickly!!
2016-10-04 03:51
Posted by KLCI King > Oct 4, 2016 02:04 AM | Report Abuse
Pick up 2-3 counters every month, in 5 years time, it is ranging 120 to 180 companies, sure there are 10+ companies doubled up or more.
How about those masuk longkang one?
Declaration by Calvin, check it out yourself from Calvin's comment section:
May 4, 2016 10:12 AM | Report Abuse
PLENITUDE IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:11 AM | Report Abuse
MHC PLANT A GREAT TSUNAMI SHELTERED STOCK
May 4, 2016 10:11 AM | Report Abuse
CEPAT IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:10 AM | Report Abuse
RSAWIT IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:10 AM | Report Abuse
BPLANT IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:09 AM | Report Abuse
TH PLANT IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:08 AM | Report Abuse
PINEPAC IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:08 AM | Report Abuse
INSAS IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:07 AM | Report Abuse
KWANTAS IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:07 AM | Report Abuse
OPCOM IS A TSUNAMI SHELTERED STOCK
May 4, 2016 10:05 AM | Report Abuse
THIS MULTICO A GREAT VALUE BUY!
2016-10-04 08:53
Posted by KLCI King > Oct 4, 2016 02:05 AM | Report Abuse
All palm oil companies recommended by Calvin few months ago all masuk longkang. If you trust him for what he said, you are insane too.
KLCI King
437 posts
Posted by KLCI King > Oct 4, 2016 02:06 AM | Report Abuse
Calvin is selectively forgetful person, he can only remember those price up.
Calvin replies,
Answer:
You are careless
You forgot that my Kulim made 60% (this one palm oil)
And TMakmur will be making 30% (this one palm oil)
Also MKH & MKH Warrant Made 50% (this one also palm oil)
Masteel already made 55%
Prestar or Pre Star (Buy before it turns into a star) Up 45%
And RCECapital already made another 60%
These recent stocks already made
A WHOPPING 300% PROFIT!!! YAHOO!!
Now see what you call Masuk Longkang:
Plenitude is doing fine with BIGGEST IKEA IN TEBRAU BEING BUILT
MHC Plant only dropped 10% from 90 cts to 81 cts.
Cepat rebounded lately
RSawit also dropped by 10%
BPlant has given 9 cts dividend
THPlant only drop less than 10%. Well supported by Dynaquest Fund
Pinepace onlt lost 2 cts.
INSAS I bought below 70 cts - so there is a profit
Same goes for JTiasa - there is a profit
Kwantas rebounding now
Opcom just gave a 2 cts dividend - and more cash payout on the way.
Multico (MCE Hld) I still making as I loaded more at 72.5 cts.
Since CPO prices will move up strongly in years 2017/8 All Oil Palm stocks should be accumulated on weakness.
And I forgot to mention AJIYAA Jumping YA!
I made more than 100% - Ajiya jumped from Rm2.05 to over Rm4.30 & split.
As for BPuri - who knows IT MIGHT ALSO GO UP 100% to 200%!!
SEE!
You are selectively very very careless
NEXT TIME BEFORE YOU POST YOU MUST CHECK AND COUNTER CHECK CAREFULLY, OK?
04/10/2016 03:43
2016-10-04 09:15
Bina Puri Holdings Bhd executive director Matthew Tee Kai Woon is of the view that Budget 2017 will be positive for construction firms, with more contracts to be awarded in the final quarter of this year.
“The immediate one will be MRT2 and LRT3, followed by the Sabah section of Pan Borneo Highway next year,” he commented.
Tee also advised investors to start looking at construction stocks, because they are the prime beneficiaries of mega infrastructure projects.
“It should be a good year for us. If the oil price rebounds, there will be a lot of oil and gas projects that require general works from us,” he further said.
Calvin Comments:
NO WONDER MATTHEW TEE INCREASED HIS BINA PURI SHARE HOLDINGS FROM 1.2% TO ALMOST 10%. HE IS SO CONFIDENT OF WINNING PROJECTS FOR YEAR 2017 BUDGET?
04/10/2016 10:17
2016-10-04 10:21
Posted by VenFx > Oct 4, 2016 10:27 AM | Report Abuse
ECONBHD better & healthier.
VnFox also run away from concorp like musangfoxking run away?
Yes, Econbhd is better and safer than conman corp,
But BPuri is the Best of the Best NOW!
2016-10-04 10:30
Matthew Tee only owns 1.85% and not almost 10%. Please check his disclosure to Bursa Malaysia properly. His indirect interest of 7.8% is mostly held by his father, Tan Sri Datuk Tee Hock Seng.
2016-10-05 00:17
Posted by TheContrarian > Oct 5, 2016 08:29 AM | Report Abuse
Matthew Tee only owns 1.85% of the Bina Puri. His indirect interest is held mostly through his father, Tan Sri Datuk Tee Hock Seng.
Calvin noted
Thanks for high lighting this.
Will check on this later.
I am happy to answer Icon8888's question
Posted by Icon8888 > Oct 5, 2016 07:57 AM | Report Abuse
Whether you can make money to follow Calvin to buy Bina Puri will depend on coming quarters results. If results are good, you will make money. Otherwise you will get stuck
Everything else is irrelevant, especially Charter Accountant
Calvin answers:
If you check the project awards
YOU WILL NOTICE THAT MANAGEMENT ALREADY CALCULATED THAT THOSE PROJECTS AWARDED IN YEAR 2015 WILL SHOW UP POSITIVELY IN THE RESULTS ENDING FOR YEAR 2016
Rm80 Millions for 440 Units of Flats in Sabah
The Board is pleased to announce that Bina Puri Sdn. Bhd., a wholly owned subsidiary of Bina Puri Holdings Bhd. had accepted the award for the role of project management consultant for the project known as “Mereka Bentuk, Membina dan Menyiapkan 440 unit rumah pangsa 5 tingkat (walkup flats) serta kerja-kerja berkaitan dengannya untuk Program Perumahan Rakyat (PPR) di Pitas, Sabah from Arus Sutera Sdn. Bhd. at contract sum of RM80 million. The works mentioned above shall be completed within 42 months.
The said project is expected to contribute positively to the net assets and earnings of Bina Puri Group for the financial year ending 31 December 2016.
NOTE: THE SAID PROJECT IS EXPECTED TO CONTRIBUTE POSITIVELY TO THE NET ASSETS AND EARNINGS OF BINA PURI GROUP FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2016
Rm73 Millions For RAPID Project from PETRONAS
EXECUTION OF PIPE SLEEPER AND UNDERGROUND SERVICES PACKAGE FOR PACKAGE-22 RAPID PROJECT
The Board is pleased to announce that Bina Puri Sdn. Bhd., a wholly owned subsidiary of Bina Puri Holdings Bhd. had accepted the Letter of Award from Punj Lloyd Sdn. Bhd. on 9 June 2016 for the execution of pipe sleeper and underground services for Package-22 RAPID project at contract sum of RM73 million. The works mentioned above shall be completed within 18 months.
With the latest award mentioned above, the Group’s unbuilt book order stands at RM1.62 billion as at to date.
The said project is expected to contribute positively to the net assets and earnings of Bina Puri Group for the financial year ending 31 December 2016 from the contract income in respect of progress payment received
NOTE: THE SAID PROJECT IS EXPECTED TO CONTRIBUTE POSITIVELY.....
....FOR FINANCIAL YEAR ENDING 31 DECEMBER 2016 FROM THE CONTRACT INCOME IN RESPECT OF PROGRESS PAYMENT RECEIVED.
NOTE FURTHER THESE WORDS CAREFULLY:
"CONTRACT INCOME IN RESPECT OF PROGRESS PAYMENT RECEIVED"
In other words BPURI's RM2 BILLIONS JOB AWRDED IN YEAR 2015 WILL HAVE PROGRESSIVE INCOME ESPECIALLY IT WILL SHOW UP IN THE ACCOUNTS OF 31 DECEMBER 2016
So Seeing GOOF RESULTS AHEAD MATTHEW LEE IS NOW PROGRESSIVELY LOADING UP BPURI SHARES ON THE QUIET
To be continued...
2016-10-05 09:12
And for Projects Awarded for Year 2016 the results will show up in the Balance Sheet for 31 December 2017.
And More:
Since Malaysia's GE is coming soon there will be more project awards for BPuri as it is Govt Linked. See Pm Najib gave lots of projects to GKent & GKent shares have more than doubled in price by now.
Both UMNO & MCA Companies will need cash for the coming GE - latest by year 2018.
And read carefully the words of BPuri's Matthew Tee:
Bina Puri Holdings Bhd executive director Matthew Tee Kai Woon is of the view that Budget 2017 will be positive for construction firms, with more contracts to be awarded in the final quarter of this year.
“The immediate one will be MRT2 and LRT3, followed by the Sabah section of Pan Borneo Highway next year,” he commented.
Tee also advised investors to start looking at construction stocks, because they are the prime beneficiaries of mega infrastructure projects.
“It should be a good year for us. If the oil price rebounds, there will be a lot of oil and gas projects that require general works from us,” he further said.
NOTE:
1) BUDGET 2017 WILL BE POSITIVE FOR CONSTRUCTION FIRMS
2) MORE CONTRACTS TO BE AWARDED IN THE FINAL QUARTER OF THIS YEAR
3) IMMEDIATE ONE WILL BE MRT2 and MRT3
4) FOLLOWED BY PAN BORNEO HIGHWAY NEXT YEAR (Bpuri with CMSB already secured Sarawak side. Now Brunei & Sabah portion coming soon)
5) HE ALSO ADVISED INVESTORS TO START LOOKING AT CONSTRUCTION STOCKS
6) BECAUSE THEY ARE PRIME BENEFICIARIES OF MEGA INFRARSTRUCTURE PROJECTS
7) IT SHOULD BE A GOOD YEAR FOR US (BPURI)
8) IF OIL PRICE REBOUNDS, THERE WILL BE A LOT OF OIL AND GAS PROJECTS THAT REQUIRE GENERAL WORKS FROM US
AND FURTHER NOTE: BPURI's SUBSTANTIAL SHARE HOLDERS IS MMC'S BOSS. Although he is holding BPuri Shares in private capacity I think if BPuri needs help MMC will definitely be there.
ALL THE SALIENT FACTORS POINT TO A VERY POSITIVE TIME AHEAD FOR BPURI
BPURI - AN IDEA WHOSE TIME HAS COME!
2016-10-05 09:13
Please also take notice that Jentera Jati once a largest shareholders has paired down their stakes from over 20% to less than 10% !
And, another prominent business man owned company Bumimaju Mawar has also sold their stakes from over 19% in year 2010 to almost 0% ( not even appeared in the 30 largest shareholders list ) !!
I believe we should also asked ourself why should we buy into Bina Puri if the riched has sold their's at loss ?
.
2016-10-05 16:10
Gen2 Please also take notice that Jentera Jati once a largest shareholders has paired down their stakes from over 20% to less than 10% !
And, another prominent business man owned company Bumimaju Mawar has also sold their stakes from over 19% in year 2010 to almost 0% ( not even appeared in the 30 largest shareholders list ) !!
I believe we should also asked ourself why should we buy into Bina Puri if the riched has sold their's at loss ?
05/10/2016 15:58
Yes, Gen2,
Jentera Jati is owned by MMC Boss privately.
fyi
Former Gamuda Director son also took up private placement of BPuri shares at Rm1.00. He is still the Top 2 shareholder of BPuri. His name is Ng Keong Wee.
So over the years substantial holders come and go.
BUT I AM MORE INTERESTED IN WHAT CURRENT DIRECTORS ARE DOING.
Last time I saw INSIDERS OF TN LOGIS BUYING AT RM1.50 & I FOLLOWED THEM. TN LOGIS LATER GAVE BONUS ISSUE, WARRANT AND SHARE SPLIT - PRICE SHOT UP TO RM7.00 and SPLIT UP 500%
SO I EXPECT SOMETHING GOOD TO HAPPEN FOR BPURI ALSO
05/10/2016 17:15
2016-10-05 17:31
Posted by calvintaneng > Oct 7, 2016 01:58 PM | Report Abuse X
Ok guys,
I have updated the Rm1.35 Billions Pan Borneo Award of which BPuri stated its total then was Rm480.66 Millions.
Will keep all updated as and when Company Announce More New Project awards.
Btw,
I spoke to one Johor Buddy today. He mentioned that he missed buying GKent because it was thought that GKent is only a mediocre company dealing with water meters. Never expected GKent to win MRT project awards.
He mentioned that it was a political link that got GKent such projects. And GKent price shot past Rm2.00
And this same thing is now being done for BPuri. After all BPuri is also politically linked and with General Election expected latest by year 2018 BPuri should be doing well.
That's all for the time being.
See you all.
Please buy or sell according to your own discretion
Final decision is yours
2016-10-07 14:05
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
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15.9.2016 29 SEN
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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shit stock despite this lengthy writeup.
2016-09-30 11:00