THE INVESTMENT APPROACH OF CALVIN TAN
TOP 10 REASONS FOR BUYING BINA PURI (STOCK QUOTE 5930)
calvintaneng
Publish date: Thu, 06 Oct 2016, 11:00 PM
calvintaneng
0 1,854
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.
1. A DEFENSIVE STOCK
Price is 42 cts with NTA of 93 cts Bpuri is selling at a 55% Discount to NTA. It has a Big Margin of Safety.
2. DIRECTORS’ EXERCISED 3.2 MILLION ESOS AT 50 CENTS
Instead of Buying From Open Market at 42 Cents Directors Chose To Exercise ESOS At 19% Premium to Open Market Price.
Why? Only reason is. BPuri shares are thinly traded. On some slow days only 30,000 shares are traded. So Directors SEEING VALUE have loaded Up on BPuri Massively!
3. PRIVATE PLACEMENT OF 21 MILLION SHARES ALSO AT 50 CTS.
BPuri also placed out 21 million Shares at a premium price of 50 cts (19% higher than open market trading price now at 42 cts)
| Announcement | |
| Subject |
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description |
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 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. |
|
Why are Directors & Those Who Accepted Private Placements at higher than market prices willing to do so? Because they want to Load Up A Lot Due To Coming Good Prospects.
4.RAISING RM10 MILLIONS CASH THROUGH PRIVATE PLACEMENT PREVENTS HIGHER GEARING.
The Rm10 Millions Raised From Privately Placed Out Shares at 50 Cts Was A Wise Decision. It follows the example of Masteel raising Cash through without incurring more borrowings from banks. And the Cash Raised Was For The Construction of High Quality Projects: Only difference is. Those who got Masteel Private Placement shares enjoyed a 10% discount while those for BPuri are going at a 25% huge premium above market price (ouch so expensive! yet they are loading up)
5. Rm2 BILLIONS PROJECT AWARDED IN YEAR 2015: PROGRESS PAYMENTS WILL SURFACE BY END 2016
Management has stated that all the progress profits from Year 2015 Projects will be Reported by 31st December 2016. So Next Few Quarterly Results Will Be Good.
See
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 CAREFULLY THESE WORDS: EXPECTED TO CONTRIBUTE POSITIVELY TO THE NET ASSETS AND EARNINGS of BINA PURI 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
Rm230 Millions Award for Prima Homes in Johor
|
||||
FROM HERE WE ALREADY KNOW THAT AS WE APPROACH YEAR END OF 2016 (Only 3 months from Now October 2016) BPURI'S RESULTS WILL ONLY GET BETTER AND BETTER!!
6. MORE PROJECTS AWARDED IN YEAR 2016
Rm80 Millions for Flat Building in Sabah
Rm1.35 Billions for Pan Borneo Highway in JV Award with CMSB of which Bpuri has Rm480,66 millions todate
Please Note Below:
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 |
|
|
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. 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. Please note that no directors, major shareholders and/or persons connected with them have any interests, direct or indirect, in the above matter. This announcement is dated 25 July 2016. |
|
Rm73 Millions Project from RAPID of Petronas
Rm230 Millions For Prima Homes in Johor
Total Project Awards will soon Rm3 Billions. This is comparable to Larger Listed Construction Co.
7. BULLISH ON SECURING MORE 2017 PROJECTS
According to Director Matthew Tee expects Bina Puri to secure even more Infrar related projects for Year 2017.
“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.
8. GOVT, STATES & PETRONAS LINKED JOBS ENSURE SAFETY OF PAYMENT
Almost all the jobs are Govt related. This ensures safe payment of completed work in progress. And for projects awarded in Year 2015 the progressive income from projects will increase more and more by End 2016 Results.
9. WHILE MARKET HAS GONE INTO BULL RUN BPURI SHARES HAVE FALLEN FROM A HIGH OF RM1.50 TO ONLY 42 CENTS - MULTI YEAR LOW!
This has fallen into Calvin Tan Research's Investment Radar. So Calvin Issues a Strong Buy Call.
10. BINA PURI – A Construction Laggard That Is Going To Perform soon.
GKent & Gadang (both Govt crony cos.) have run up in price. Since BPuri is also Govt linked it will also move up as General Election is coming soon.
Calvin recommends buying BPuri at 42 cts With A Target Price of Rm1.20
Please avoid punting or day trading. Buy and keep longer term is the best course of action.
Warmest Regards,
Calvin Tan
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Discussions
Be the first to like this. Showing 33 of 33 comments
Hello, the company existed 40 years already. Market cap still RM100m. Gamuda, IJM which were founded about the same time see their market cap exceeding RM10b. Gadang came in in 90s. market cap is already more than RM700m. You think the company under the same management will go far. When you said the private placement was done at 50sen, do you know to whom it was placed out? Do your homework first la
2016-10-07 09:04
I inbooming Iskandar now. Will reply later.
For hindreds of years Shenzhen was a backwater compared to Beijing and Shanghai until 1980.
In just 30 years Shenzhen overtook Beijing and Shanghai with much longer history.
Same for Iskandar now. It is going to overtake Selangor first. Then Penang and even Kl.
So think out of the box and be surprised!
2016-10-07 09:58
Binapuri only owns 30% of the RM1.35 billion Pan Borneo project. Please be truthful when come to presenting information. Not good to lie
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5156377
2016-10-07 09:59
if u go see the P&L and use for profit calculation. You can find out profit margin is low for construction sector...but got money under table for boss for future goreng this we dunno. One thing boss dare to buy at 0.50 for private placement mean below this price should be safe. But i don't think will up till RM1.20
Huge debt in hand, profit so small wont help much. Can have a look on EG this company same big debt as well...not so easy to run unless the construction profit margin can have 10%
Buy at here aim earn 10-20 sen very good ad.
2016-10-07 10:29
Yes Icon8888.
I already posted earlier in article
Bina Puri Best Defensive buy.
There I cut and pasted Pan Borneo award Rm1.35 billion with Cmsb in which Bpuri has a 30% joint venture share.
So look at my posts in its contact through 4 posts now on Bpuri.
So don't simply accuse without checking out everything carefully. Anyway, it is a fact that Bpuri is able to win Govt contracts.
2016-10-07 11:06
Another concern here is although all the awards sound good and positive; big majority already priced in. E.g. July news already went up 26% at its peak before dropped back and latest push up round for the latest good news already up 15%.
Calvin mentioned this counter for long term; but for the current BP state, dependency on gov. awards, looming election (next year?), some concerns also should be placed if all the hype now and future possible awards scenario will change dramatically after the election of worst this is just the last push by 'invisible hands' for certain individuals and groups to make a final kill before the election.
2016-10-07 11:13
I am referring to this article whereby you still repeat the claim that they secured RM1.35 billion Pan Borneo project. Please refer to your own item 6
Posted by calvintaneng > Oct 7, 2016 11:06 AM | Report Abuse
Yes Icon8888.
I already posted earlier in article
Bina Puri Best Defensive buy.
There I cut and pasted Pan Borneo award Rm1.35 billion with Cmsb in which Bpuri has a 30% joint venture share.
So look at my posts in its contact through 4 posts now on Bpuri.
So don't simply accuse without checking out everything carefully. Anyway, it is a fact that Bpuri is able to win Govt contracts.
2016-10-07 11:34
I will repost later, icon8888,
Now you must check yourself on these 4 points
1. You have understated the asset value of bj corp by your carelessness. Do I saying you are a liar?
2. You hide the huge debt of airasia. Airasia has over 400 A320 planes costing Over rm400 millions each.
Why you cover up the huge debt? Why no reply?
3. Dolomite or dynamite is your pump and dump job. A big lie to con so many?
4. And conman corp. Syndicates already disposed. Why you hide the truth?
2016-10-07 11:52
Calvin just can't answer, how to answer if it is a lie?
Posted by Icon8888 > Oct 7, 2016 11:34 AM | Report Abuse
I am referring to this article whereby you still repeat the claim that they secured RM1.35 billion Pan Borneo project. Please refer to your own item 6
don't lie, be a real christian
2016-10-07 11:59
Some more, not sure if other people are wrong or not, since it is from a liar, Mr Calvin.
2016-10-07 12:01
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 13:58
Yes, it is best to shut shop now. More and more loopholes are appearing. Fewer and fewer people are believing your tales. This is reflected in the trading volume today. Save you repeating " I am in booming Iskandar now. Will reply later."
2016-10-07 16:09
Wing50 Yes, it is best to shut shop now. More and more loopholes are appearing. Fewer and fewer people are believing your tales. This is reflected in the trading volume today. Save you repeating " I am in booming Iskandar now. Will reply later."
07/10/2016 16:09
Calvin replies,
Trading volume is reduced because Johor Buddies & Calvin are all picking up BPuri shares. As price moves up there will be fewer and fewer free float shares left in the market. So better hurry and don't miss the boat.
It might so cross 45 cts, then 50 cts. And then no more any BPuri shares below 50 cts left.
2016-10-09 18:37
calvintaneng 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!
2016-10-10 00:15
calvintaneng, i always have a tough time wondering why you keep promoting such companies? Nine out of ten companies were bad companies if not facing problems. I can see your capable critical thinking, but why choose these when there are still many good business out there? Are you joking ?
2016-10-14 14:07
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
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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....
calvintaneng
Rm2 BILLIONS PROJECT AWARDED IN YEAR 2015: PROGRESS PAYMENTS WILL SURFACE BY END 2016
Management has stated that all the progress profits from Year 2015 Projects will be Reported by 31st December 2016. So Next Few Quarterly Results Will Be Good.
See
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 CAREFULLY THESE WORDS: EXPECTED TO CONTRIBUTE POSITIVELY TO THE NET ASSETS AND EARNINGS of BINA PURI 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
Rm230 Millions Award for Prima Homes in Johor
THE CONSTRUCTION OF 994 UNITS OF PR1MA HOMES COMPRISING OF APARTMENTS AND 20 UNITS OF SHOPS SITUATED ON 18.23 ACRES OF FREEHOLD LAND HELD UNDER GRN 293554; LOT NO. 96790, MUKIM PLENTONG, JOHOR BAHRU, JOHOR
The Board is pleased to announce that Bina Puri Holdings Bhd. (“BPHB”) had received the Letter of Intent from PR1MA Corporation Malaysia (PR1MA) for the construction of 994 units of PR1MA Homes comprising of apartments and 20 units of shops to be undertaken by BPHB on 18.23 acres of freehold land held under Grn 293554; Lot no. 96790, Mukim Plentong, Johor Bahru at a price to be mutually agreed between PR1MA and BPHB. The estimated contract sum is RM230 million.
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 HERE WE ALREADY KNOW THAT AS WE APPROACH YEAR END OF 2016 (Only 3 months from Now October 2016) BPURI'S RESULTS WILL ONLY GET BETTER AND BETTER!!
2016-10-07 08:47