THE INVESTMENT APPROACH OF CALVIN TAN
Why Bj Corp at 34 sen is now a Real Bargain (Calvin Tan Research)
calvintaneng
Publish date: Mon, 18 Sep 2017, 01:45 AM
calvintaneng
0 1,852
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.
Dear friends who visit here,
It’s been some time since I posted on Dutaland. And by now all who bought Dutaland at 40 sen have made a nice 50% gain at over 60 sen. Congratulations!
Now Calvin thinks Bj Corp at 34 sen is a Great Value Buy
These are the reasons for buying Bj Corp:
1) Tan Sri Vincent Tan (TSVT) stated buying Bj Corp in earnest from 90 sen in year 2012 to last year when Bj Corp was 50 sen. Bursa filing showed TSVT owned 45% of Bj Corp shares. And TSVT is holding Bj Corp Iculs D & also lots of Bj Corp warrant. The average cost of TSVT for Bj Corp is as high as 70 sen
So at 34 sen we are buying at a nice 50% to TSVT buying price.
2) Bj Corp at 34 sen with NTA of Rm1.40 is selling at a Huge Discount of 76% Discount to NTA – giving a Huge Margin of safety. This is more than twice the 30% Discount that Ben Graham required as a Margin of safety.
3) And Company Share Buybacks was from 72 sen to 36 sen. The average price of SBB (Share buy back) was 54 sen. A Again at 34 sen we are getting Bj Corp shares at below Company treasury share cost.
4) Last year Bj Corp Iculs C expired at 20 sen. 2 Iculs were converted into One Bj Corp share. So TSVT Bj Corp Iculs C were converted into Bj Corp mother share at 40 sen each. Again at 34 sen we are getting it at a nice 28% discount.
So there are now 4 levels of defense buying into Bj Corp at 34 sen
i) 50% discount to TSVT open market purchase
ii) A 76% Whopping Discount to NTA
iii) Cheaper by 38% than SBB
iv) And a nice 28% Discount to Conversion of Bj Corp Iculs C to Bj Corp mother share.
5) CASHING OUT HIGH PROFIT COMPANIES
Bj Corp has already disposed Magni Tech, Bj Auto & Atlan shares for huge profits. Latest disposal is wastewater pant in China for Rm50.3 millions Cash
So Bj Corp is now Cashing Out its Investments. Bj Corp bought Bj Land on the downtrend. And sold Bj Assets into strength. This is an excellent strategy of buying Low & Selling High. It is the good fortune that Bj Corp owns the Inter Pacific Security Firm which help to pick out good investments for TSVT & Bj Corp
6) Bj Corp Invests in HIGH VALUE REAL ESTATE ASSETS
People have questioned why Bj Corp generates so little profits while incurring such high debt
This is Calvin Tan Research’s findings
Bj Corp borrows money to invest in Appreciating Assets like Lands, Properties & Hotel. The latest being Four Season Hotel in Kyoto, Japan.
And if price is right Bj Corp will sell off any shares or Assets. Just like the disposal of the Great Mall of China for over RMB2 Billions
7)COMING CASH WINDFALL OF OVER RM540 MILLIONS (Balance Payment from Great Mall of China Sale)
This November BJ CORP will stand to receive the balance payment of Great Mall sale at more than RMB900 Millions or another Rm540 MILLIONS CASH Coming it. Latest report for Dutaland sale of Kenny Hill Assets turned Dutaland Price into the positive And Dutaland prices jumped from 42.5 sen to a high of 66 sen. So expect Bj Corp share price to go up likewise. (So this is the time to buy as Mr. Market still unaware)
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
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Discussions
Be the first to like this. Showing 50 of 81 comments
Sorry, should be Sultan Apollo.
Must remember Apollo Rocket that landed on moon in year 1969.
At that time TV was black and white only
2017-09-18 18:30
@moneykj,
that means calvin stock pick of perisai became peri-sai or peri-habis witin 2.5yrs.
this achievement is almost on par with parkson and transmile.
truly, he is on a whole different level from mortal us.
lol
2017-09-18 18:34
I missed out on bonia already lah....this BJ I no like cos my remisier ask my uncle to buy at 50cts and he's been holding for more than 4 or 5 years already. got other counters to buy apart from mui and BJ?
2017-09-18 18:42
maju perak I missed out too.as for BJ I will buy only if pakatan win the next GE,same like supermax.....hehe
2017-09-18 18:46
bonia coming lah,potential to hit 70cts,apa lagi tan sri calvin? more picks please
2017-09-18 18:51
apolloang from penang,tan sri calvin from Johor,one is north one is south no same ID ok. Apolloang just back from top of the town,tan sri calvin just back from nasi kandar iskandar.....so different people ok
2017-09-18 18:54
haha
Sultan Apollo
Calvin only like nasi kandar Penang, Ipoh Old Wong Chicken rice with bean sprouts.
Nonya food in Melaka, Yong tau foo in Muar,
fish ball soup in Yong Peng, Otak otak in Pagoh,
fish head soup in Batu Pahat
In Johor i like japanese sushi lah. No nasi kandar here as mamak not clean in Johor.
2017-09-18 20:11
Whoa!
Thinking of Penang?
I like assam laksa in Ayer Itam, the durian from Ayer Itam Dam, excellent nasi kandar in Tg Bungah, pasumbok in Gurney Drive, koay teow tng of Rifle Range, hor fun of Macalistar road, Cendol in Penang Road, apom apom? nugmet drink? burger near E&O hotel?
Whoa!
All very good. I missed them all.
2017-09-18 20:20
Waiting?
There is a saying, "You don't wait to buy land. You buy land and wait"
So you don't wait to buy Bj Corp. You buy Bj Corp and wait.
2017-09-18 20:29
when is the last time u in penang? nasi kandar tg bungah no good lah, u even went to rifle range? haha. near E&O mana ada burger? bar girls ada lah.....haha
2017-09-18 20:52
hahaha
i was there in Penang for 2 years
1979 & 1980
I rode round Penang Island twice by motor bike. And twice by car. I saw Karpal Singh durian farm
Been up Penang Hill more than 30 times.
Up Ayer Itam Dam more than 50 to 60 times
Those were good old days indeed
2017-09-18 20:57
u mean more than 30 years never been to penang? 20cts to drastic lah. if BJ can 20cts sendai also can 50 or 60cts lah
2017-09-18 21:00
No lah!
I was in Penang less than 10 years ago.
And if Bj Corp can go to 20 sen Sendai most probably bankrupt already
Sendai got KL Tallest Tower Job early 2016 when steel was cheap. Now steel skyhigh price Sendai wiill make zero profit. At worst Sendai will absorb losses. Middle East no money and "hutang" first. And "hutang" later. Till Sendai go a-begging for money from Macquerie.
Sendai is dumping shares to macquarie like no tomorrow & no restrain that prices are being offered lower and lower (every million shares go out at a 10% discount).
All sorchai holders don't run will be dragged down lower and lower
2017-09-18 21:15
All sorchai holders don't run will be dragged down lower and lower???? hahahha, am waiting at 20 sen!!!! kikikikikiki
2017-09-18 21:17
Haha!
I stayed in Boundary Road.
So I used to have dinner in Rifle Range. At that time chi char was really cheap at 60 sen. Lots of big prawns. So good
2017-09-18 21:22
No, I stayed in a Mission Church
I used to go fishing in Gurney Drive & Esplanade. No good fish there.
I caught one nice fish at Sham Rock (just after Tg Bungah)
And I used to fish in Batu Ferringi. Going further is the seaside bungalow of former Tunku Abdul Rahmah
The beach has pure white sand. Sea water crystal clear
2017-09-18 21:28
I went to bt ferringi for makan and entertainment only,no fishing for me....hahaha.
2017-09-18 21:32
pak cheng por still the same after 30 years,same like bkt mertajam or prai.....hehe
2017-09-18 21:33
now rifle range is only for old folks.....haha. most youngsters abandon the place
2017-09-18 21:35
No, I pray to God Almighty in the Park
Both day & night
see
www.inspiretopray.com
2017-09-18 21:37
See this one in Penang
http://www.inspiretopray.com/something-pulled-me-into-the-church-while-i-was-passing-by/
2017-09-18 21:40
I went inside 30 mins and donated AUD 170 for 2 days last week......kena more than RM 1.1k.....hahaha
2017-09-18 21:46
I like Penang hokkien although i can't speak it. Penang hokkien is refined and gentle unlike Spore hokkien which sounds rough.
2017-09-18 21:50
u ask me that kinda place I dunno much, u ask me entertainment and makan I know lah. whole penang Chinese restaurants I know lah.....hahaha
2017-09-18 21:51
In year 1997 there was a Church Camp held in Pin Kwang Bangalow. Halgway up Penang Hill
Out of 150 campers 30 were called to Christian full time service.
Many became Pastors, wives of Pastors, and Missionaries. It was a powerful visitation of the Holy Spirit
2017-09-18 21:54
Our Mission in Penang got Govt servants. And they could rent those beautiful Govt Bungalows up Penang Hill
Names like
Hillside
EdgeCliff
Woodside Bungalows
Really nice cool and quiet for meditation and prayer.
2017-09-18 21:56
my fren got hillside bungalow. datuk Pamela ong got pg hill bungalow.every year she went to datuk konishi texchem director bungalow at jesselton
2017-09-18 22:00
Haha
I went up Genting Highland many times. Never once gamble in Casino since 40 years ago.
Gambling habit is worst than smoking and drinking habit. Once caught in its clutches all monies will go to Casino.
So better don't gamble.
How to get out?
Read www.chick.com
2017-09-18 22:02
Texchem got a factory just beside G Residence in Johor. These Japanese are well paid.
Hope Texchem do well
2017-09-18 22:05
I went to genting,crown,genting sentosa,marina bay sands,cruise to gamble....my favourite pass time......hahaha. we live in this world to enjoy and live life to the fullest not everyday work like cow.....hahaha
2017-09-18 22:06
I make AUD 3k not enough to cover expenses,my fav game baccarat anyway....hahaha.everytime went there win but not enough for expenses and spending
2017-09-18 22:08
many uncles and aunties bought 100 share of texchem just to get free makan and 1 voucher of RM 50 of sushi king.this thing I wouldn't do at all. I am greedy one,no wanna make this kinda thing,wanna make a lot and spend a lot.....hahaha
2017-09-18 22:15
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CS Tan
4.9 / 5.0
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....
TrippleZ
What? He recommended perisai at 0.50? Explain Calvin. Explain....
2017-09-18 18:26