THE INVESTMENT APPROACH OF CALVIN TAN

A LOOK AT SOME BANKING STOCKS, OVERVALUED AEON CREDIT & UNDERVALUE TA ENTERPRIZE (Calvin Tan)

calvintaneng
Publish date: Mon, 12 Mar 2018, 12:38 AM
calvintaneng
0 1,841
Hi Guys,

I have An Investment Approach I which I would like to all.

 

1) PUBLIC BANK

 

UMMARY 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
5,350,550
5,084,083
20,858,174
20,102,740
2 Profit/(loss) before tax
1,957,237
1,792,711
7,117,672
6,554,032
3 Profit/(loss) for the period
1,505,365
1,499,269
5,546,979
5,267,435
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,485,468
1,482,782
5,470,035
5,206,875
5 Basic earnings/(loss) per share (Subunit)
38.47
38.40
141.66
134.84
6 Proposed/Declared dividend per share (Subunit)
34.00
32.00
61.00
58.00
   
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 ($$)
9.6762
8.8601

 

ONE YEAR REVENUE IS RM20.858 BILLIONS AND PROFIT ABOUT RM5.470 BILLIONS

ABOUT 26% PROFIT

GOOD

AND LOOK AT ITS 5 YEAR PRICE CHART

 

PUBLIC BANK BERHAD (1295)

Company Website 
Annual Report 
General Meetings


PUBLIC BANK BHD (1295) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UP FROM RM13.00 TO A HIGH OF RM23.00 OR ABOUT 76% 

 

2) HONG LEONG BANK

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
1,228,555
1,178,740
2,407,185
2,274,982
2 Profit/(loss) before tax
833,099
696,630
1,613,491
1,371,249
3 Profit/(loss) for the period
683,071
549,935
1,322,039
1,092,562
4 Profit/(loss) attributable to ordinary equity holders of the parent
683,071
549,935
1,322,039
1,092,562
5 Basic earnings/(loss) per share (Subunit)
33.39
26.89
64.63
53.41
6 Proposed/Declared dividend per share (Subunit)
16.00
15.00
16.00
15.00
   
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 ($$)
11.3400
11.0900

 

ONE YEAR REVENUE IS RM2.407 Billion and Profit RM1.322 Billions or 82%

This beats Public Bank

Let's See 5 Year Price Growth

 

HONG LEONG BANK BERHAD (5819)

Company Website 
Annual Report 
General Meetings


HONG LEONG BANK BHD (5819) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From Rm9.40 To RM19.00 Or 102% (Wow! Beating Public Bank? How Come?)

 

3) AMBANK

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
2,159,629
1,977,925
6,365,400
6,140,604
2 Profit/(loss) before tax
301,740
408,910
1,183,025
1,360,446
3 Profit/(loss) for the period
230,099
317,447
951,752
1,052,093
4 Profit/(loss) attributable to ordinary equity holders of the parent
218,978
313,167
878,717
988,793
5 Basic earnings/(loss) per share (Subunit)
7.28
10.42
29.22
32.89
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
5.00
5.00
   
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 ($$)
5.4100
5.3200
 

 

ONE YEAR REVENUE IS RM6.365 Billions and Profi RM951  Millions or 15%

 

Let's See 5 Year Price Chart

 

AMMB HOLDINGS BERHAD (1015)

Company Website 
Annual Report 
General Meetings


AMMB HOLDINGS BHD (1015) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Started at Rm6.60 and ended at Rm4.00 (Dropped 40% in 5 Years? What happened?)

But got one saving grace. NTA increased from Rm5.32 To Rm5.41 (So now price is below Asset Value)

 

4) AFFIN BANK

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
534,703
358,685
1,560,455
1,324,430
2 Profit/(loss) before tax
223,484
167,312
550,699
599,871
3 Profit/(loss) for the period
176,119
129,953
424,438
464,131
4 Profit/(loss) attributable to ordinary equity holders of the parent
169,536
129,953
417,855
464,131
5 Basic earnings/(loss) per share (Subunit)
9.20
7.70
24.00
27.50
6 Proposed/Declared dividend per share (Subunit)
0.00
4.52
2.34
8.32
   
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 ($$)
4.2600
3.4400
 

ONE YEAR REVENUE IS RM1.56 Billions and Profit Rm424 Millions or 27.9% (Not bad)

 

Let's see 5 Year Price Growth

 

AFFIN BANK BERHAD (5185)

Company Website 
Annual Report 
General Meetings


AFFIN BANK BERHAD (5185) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Started at Rm3.3 and ended at Rm2.40 (Dropped 28%. How come?)

Ha! AFFIN NTA is up from Rm3.44 to Rm4.26 (Gained 23.8%)

Afffin at Rm2.40 with NTA at Rm4.26 is selling at 44% Discount to NTA. So there is Margin of Safety.

 

5) RHB BANK

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
2,702,271
2,557,553
10,570,766
10,568,789
2 Profit/(loss) before tax
601,879
344,411
2,558,132
2,231,841
3 Profit/(loss) for the period
462,104
256,718
1,956,040
1,687,588
4 Profit/(loss) attributable to ordinary equity holders of the parent
460,077
261,243
1,950,145
1,681,624
5 Basic earnings/(loss) per share (Subunit)
11.50
6.50
48.60
43.60
6 Proposed/Declared dividend per share (Subunit)
10.00
7.00
15.00
12.00
   
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 ($$)
5.7700
5.4200
 

 

REVENUE RM10.570 Billions and Profit Rm1.956 Billions or 18.5% (So so only)

5 Year Price Chart

RHB BANK BERHAD (1066)

Company Website 
Annual Report 
General Meetings


RHB BANK BERHAD (1066) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dropped from Rm5.78 to Rm5.30 (Or down 8%?).  NTA is Rm5.77 (So so only?)

 

6) MAYBANK

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
11,785,637
11,245,611
45,580,310
44,657,902
2 Profit/(loss) before tax
2,926,148
2,873,005
10,098,096
8,844,450
3 Profit/(loss) for the period
2,251,084
2,450,073
7,796,874
6,963,892
4 Profit/(loss) attributable to ordinary equity holders of the parent
2,132,099
2,360,598
7,520,542
6,742,992
5 Basic earnings/(loss) per share (Subunit)
19.93
23.19
72.04
67.84
6 Proposed/Declared dividend per share (Subunit)
32.00
32.00
55.00
52.00
   
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 ($$)
6.7690
6.7217

 

Amazing Rm45.58 BILLIONS REVENUE AND PROFIT RM7.796 BILLIONS OR 17% PROFIT? That's Average only?)

Maybank like Public & Hong Leong are way above NTA. 

MALAYAN BANKING BERHAD (1155)

Company Website 
Annual Report 
General Meetings


MALAYAN BANKING BHD (1155) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From Rm8.82 to Rm10.40 or up 18.1% (Note: Maybank gives good dividends)

 

 

 

7) CIMB BANK 

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
4,515,495
4,313,124
17,626,496
16,065,255
2 Profit/(loss) before tax
1,535,379
1,211,654
6,109,985
4,884,144
3 Profit/(loss) for the period
1,093,391
878,421
4,607,966
3,632,957
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,060,229
854,385
4,475,175
3,564,190
5 Basic earnings/(loss) per share (Subunit)
11.57
9.67
49.63
41.02
6 Proposed/Declared dividend per share (Subunit)
12.00
12.00
25.00
20.00
   
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 ($$)
5.2296
5.1090
 

 

REVENUE IS RM17.626 Billions and Profit Rm4.475 Billions or 25.3% (Better than MayBank)

Again CIMB is selling above NTA

CIMB GROUP HOLDINGS BERHAD (1023)

Company Website 
Annual Report 
General Meetings


CIMB GROUP HOLDINGS BERHAD (1023) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From Rm8.25 to Rm7.20 a drop of 13%. 

 

From here we can see that

HONG LEONG BANK MADE 82%

AFFIN BANK 27.9%

PUBLIC BANK 26%

CIMB BANK AT 25.3%

RHB BANK 18.5%

MAYBANK 17%

AMBANK 15%

 

Let's Continue With Another Few Entities Dealing With Monies

 

8) RCE CAPITAL (The Legalised Ah Long)

UMMARY 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
63,997
57,982
182,664
166,077
2 Profit/(loss) before tax
29,987
23,702
87,300
72,635
3 Profit/(loss) for the period
22,916
21,774
65,659
57,704
4 Profit/(loss) attributable to ordinary equity holders of the parent
22,916
21,774
65,659
57,704
5 Basic earnings/(loss) per share (Subunit)
6.71
6.52
19.30
17.56
6 Proposed/Declared dividend per share (Subunit)
0.00
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 ($$)
1.4500
1.3100

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

 

REVENUE RM185 Millions and Profit Rm65.6 Millions or 35% (Good)

Let's See 5 Year Share Price

 

RCE CAPITAL BERHAD (9296)

Company Website 
Annual Report 
General Meetings


RCE CAPITAL BHD (9296) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Started at 77 Sen And Closed at Rm1.30 or up 68%

Note: There was Capital Exercise when RceCap was Rm2.75 when it gave a 7.5 Sen Capital Repayment & after Ex price of 20 Sen RceCap consolidated from 4 shares to One.

So 20 sen x 4 = 80 sen each.

After which RecCap doubled in price and up 100% when Calvin called for a sell. 

Chun chun buy call was 27.5 Sen

See My Buy Call For RceCap on January 2014 (4 Years ago) 

 

Posted by calvintaneng > Jan 8, 2014 10:27 AM Report Abuse X

ycl4226, 

Rcecap belongs to AMINVESTMENT Bank. It Has A Forward P/E of 7.5. Trading at a 50% discount to NTA. Gives a yearly 15% dividend. And Company exercise consistent share buyback at 26.5 cts to 27 cents. 

With the recent price rise of petrol, sugar, toll rates, GST and electricity tariff many people's finances will be squeezed. Many will find it hard to make ends meet in tough times. 
So pawn shops & Ah Longs should proliferate. 

One legalised Ah Long is Rcecap. Rcecap like MBSB gives loans at higher rates. In Rcecap case it gives loan mostly to Govt Servants. And payment is by monthly salary deduction. 
Under these circumstances I think Rcecap should do well 

 

Best Regards, 

Calvin Tan from PM Corp & MUI Berhad Forums

 

Posted by calvintaneng > Jan 15, 2014 10:11 AM Report Abuse 

X

Smartly, 

Yes. You are smart to notice write off of bad loans. Unlike roadside illegal "Ah Longs" RCE CAPITAL Is a Registered Entity With Bank Negara. As such all delinquent borrowers who default RCECAP Loans Are Black Listed By Bank Negara for Life. 

A check with FIS (Finance & Insurance Services) will bar them from future borrowings for forever. At worse their passports may be impounded. So RCECap has a built in defense against losses. 

RCECAP Is the Only Finance Laggard Overlooked by the Market. TA Securities Is DUMB ENOUGH To Call For A Sell. Datuk Hashim is buying up RCECAP.

 

(NOTE : THE SECRET WAS TO FOLLOW DATUK HASHIM BUY RCECAP. ALWAYS FOLOW INSIDERS WHERE THEY BUY OR PUT THEIR MONEY : Calvin March 11, 2018)

 

Posted by calvintaneng > Jan 18, 2014 10:07 PM Report Abuse 

X

TheOneZ, 

Just follow Dato' Hashim of AMBANK. When you see share buyback at 26.5 to 27.5 try to buy some around 27 cents. Now he is buying between 28.5 to 29.5. Try to get some lower than him at 28.5 cents. 

I think buying behind Company share buyback is safe. Try to get some on weakness before it crosses 30 cents. Don't chase over 50 cents when Edgedaily or Focus Magazine do a special write up on it. 

Best Regards

 

Posted by calvintaneng > Jul 12, 2014 05:11 PM Report Abuse 

X

AyamTua, 

This RceCap is the best growing Banking Stock. Dato Hashim of AMBANK own this. Share buy back will continue to propel this counter upward. As interest rate has increased RceCap will make even more money. 

My Johor buddies followed me to buy at 26 cts. He took his profit too soon. Waiting for price to weaken and enter again. Instead this RoCket cap fly up higher and higher. Anyway, time to let others make some. This counter has Strong Fundamental while sumatech is speculative. 

For this RoCketCap you can keep longer term but for sumatech you have to sell into euphoria or later get eaten by sumatran techo tiger for dinner.

 

Posted by speakup > Jul 12, 2014 10:59 PM Report Abuse 

Calvin is right. RCECAP is a hidden-gem.

 

 

(2 CHUN CHUN CALLS ON JULY 12 2014: RoCket can still fly up. RceCap later flew to a high of Rm1.90. Have to sell sumatech which later crashed from 60 Sen to 6 Sen - Crashed 90%)

 

Now question is? If RceCap so good why should Calvin called for a sell at Rm1.60?

My Answer is this

RceCap at 27.5 Sen has NTA of over 50 Sen (SO THERE IS MARGIN OF SAFETY AS IT WAS SELLING AT 45% DISCOUNT TO NTA.) GREAT SIFU BENJAMIN GRAHAM ASKED FOR AT LEAST 30% DISCOUNT TO NTA

Those who failed to heed Calvin's call to take profit at Rm1.60 chased it to Rm1.90

Now RceCap closed at Rm1.30 (Down 32% from peak of Rm1.90!)

 

9) AEON CREDIT

SUMMARY OF KEY FINANCIAL INFORMATION
30 Nov 2017

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Nov 2017
30 Nov 2016
30 Nov 2017
30 Nov 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
312,345
280,347
925,949
811,113
2 Profit/(loss) before tax
95,307
90,807
292,969
248,098
3 Profit/(loss) for the period
70,552
67,053
217,749
184,974
4 Profit/(loss) attributable to ordinary equity holders of the parent
70,552
67,053
217,749
184,974
5 Basic earnings/(loss) per share (Subunit)
28.86
27.32
112.30
94.50
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
21.13
30.50
   
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 ($$)
6.0400
6.6300
 

REVENUE RM925.9  Millions and Profit Rm217.7 Millions or 23.5% 

Let's see 5 year price chart

AEON CREDIT SERVICE (M) BERHAD (5139)

Company Website 
Annual Report 
General Meetings


AEON CREDIT SERVICE (M) BHD (5139) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Up from Rm2.00 to Rm14.00 or 600% (Impressive. I think price is overdone on the upside as risk is now real due to GST & high inflation. Time to take profit or it might suffer the same fate like RceCap) Aoen Credit at Rm14.00 is selling way above its NTA of Rm6.04 (No margin of safety at all!)

 

10) TA ENTERPRIZE

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
272,816
248,011
1,064,502
842,538
2 Profit/(loss) before tax
18,458
246,244
301,100
247,010
3 Profit/(loss) for the period
-3,156
269,268
270,843
250,816
4 Profit/(loss) attributable to ordinary equity holders of the parent
9,288
181,036
215,781
157,563
5 Basic earnings/(loss) per share (Subunit)
0.54
10.58
12.60
9.20
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 ($$)
1.4500
1.3900
 

REVENUE RM1.064 Billions profit Rm270.8 Millions or 25.4%

Let's see its 5 Year Price Chart

TA ENTERPRISE BERHAD (4898)

Company Website 
Annual Report 
General Meetings


TA ENTERPRISE BHD (4898) Chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Started at 76 Sen and ended at 59 Sen for a drop of 23%

So it's TA a Sell? 

NO! A BIG NO!

CALVIN THINKS TA At 25.4% Growth Rate With NTA of Rm1.45 Is The Best of The Best Buy Now.

 

PRICE IS WHAT YOU PAY

VALUE IS WHAT YOU GET

 

AT 59 SEN WITH NAV OF RM1.45 TA IS SELLING AT A HUGE DISCOUNT OF AMOST 60% TO NTA

TWICE THE 30% MARGIN OF SAFETY REQUIRED BY GREAT SIFU BENJAMIN GRAHAM AT ONLY 30%

TA IS ALSO GROWING AT 25.4% A YEAR OR P/E OF ONLY 3.93

A LOOK AT ITS NTA REVEALS EVEN DEEPER VALUE. 

IT OWNS TAGB 60.1% OR ABOUT 61.7  SEN PER 1.87 SHARE (TA has 1.7 Billions while TAGB has 5.34 Billions shares)

AND TAGB ASSETS ARE ROCK SOLID LANDS, OFFICES, RESORTS, HOTELS & OTHERS STILL AT OLD BOOK VALUE

So when we buy TA Enterprize We Are Actually Getting The Value Back of  1.87 TAGB Shares Worth 61.7 Sen For Each  One TA Share we own

Rest of TA ENTERPRIZE IS FREE

Its Stock Brokering Business is ALL FREE FREE FREE

ITS IPO & CORP EXERCISE  IN THE BUSINESS FOR KLSE 1,000 COMPANIES ALL FREE

ITS MONEY LENDING LICENSE ALL FREE

ITS OTHER ASSETS ALL FREE

ITS OTHER INVESTMENTS ALL FREE

 

YOU PAY 59 SEN TO GET RM1.45 VALUE

OR YOU PAY 59 SEN FOR THE SAME VALUE BEING MATCHED IN TAGB AMD ALL OTHER VALUE ASSETS, VALUE BUSINESSSES, VALUE INVESTMENTS ALL FREE.

 

Now while TA has Deep Value Why Price has not performed this Quarter?

TA made only 0.54 Sen?

THE TRUTH IS THIS 

TA IS MAKING 6.34 SEN THROUGH TAGB.

But Result Was Only in On January 10th 2018

So too late for Feb 2018 (Sept to Dec 2017) Results

6.34 Sen will be inside May 2018 Result (Jan to March 2018 reporting Quarter)

And this good result is due to the sale of Little Bay with Rm342 Millions Profits

In TAGB 6.34 sen at 33 sen price means a 19.2% jump or annualised 19.2 x4 = 76.8% (Of course Asset Disposal is a One off & you don't count it that way.) But it will be good for both TA And TAGB for 2 Reasons. Debts further pared down & lower gearing.

This Cash Surplus of Capital & Profit of Rm774 MILLIONS)  could translate into higher dividend as Trump Hotel in Canada now completed & no more borrowings for Little Bay.

See this CHUN CHUN FIGURE COMING IN FOR MAY 2018 ACCOUNT!

 

SEE LITTLE BAY SALE FROM LATEST QUARTER RESULT OF TA GLOBAL UNDER 
B3 PROPERTY DEVELOPMENT (Refer to TA Report)
In January 2018, the Group concluded the disposal of the remaining undeveloped lands located at Little Bay, New South Wales, Australia by TA Little Bay Pty Limited, a subsidiary of TA Global Berhad for a cash consideration of AUD245.0 million (approximately RM774.0 million). The estimated pre-tax disposal gain of AUD104.0 million (approximately RM342.0 million) will be a significant contribution to the cash-flows and profitability of the Group for the financial year 2018.
Above all after March 2018 TA is entering New Growth Phase as Govt will
a) Remove Stamp Duty For 2nd & 3rd Liners
b) Allow short selling
c) Easing Margin
d) Educate Malaysians in investments for retirements
e) Cross Border Trading with Spore SGV early next year
Others. 
That is Why TA is a hidden gem overlooked. Buying TA ENTERPRIZE AT 59 SEN NOW IS JUST LIKE BUYING RCECAP WHEN IT WAS 27.5 SEN
IT IS LATENT & PREGNANT WITH GREAT VALUE!! THEREFORE IT IS POTENT IN POWER TO BE ANOTHER GREAT GROWTH STOCK
 
Warm Regards
Calvin Tan Research, Singapore
 
FURTHER NOTE:
 

(NOTE : THE SECRET WAS TO FOLLOW DATUK HASHIM BUY RCECAP AT 27.5 SEN . ALWAYS FOLOW INSIDERS WHERE THEY BUY OR PUT THEIR MONEY : Calvin March 11, 2018)

 

SO THE SECRET NOW IS THIS

TONY TIAH HAS BEEN BUYING TA SHARES AND NOT SELLING ANY

MEANWHILE TONY TIAH IS BUYING AND BUYING TAGB SHARES LIKE NO TOMORROW. TA & TONY TIAH ALREADY BOUGHT NEAR 75% OF TAGB SHARES. ANY MORE BUYING MIGHT TRIGGER MGO (Mandatory General Offer) Or Else TA might give TAGB shares as dividends.

 

 

 

 

 

 

Discussions
2 people like this. Showing 50 of 110 comments

ivan9511

Bank . Rsawit for my own view i personally feel still can wait .
But just my own view
Because currently plantations still can wait lower
You try to see taan swt wtk. Tdm mhc kwantas all.still suffer
If I not mistaken rsawit still wait wait first
But for long term you can buy
Rsawit last time quite strong is a very good counter

2018-03-13 20:04

gladiator

Another Holland stock promote by calvin like GSB

2018-03-13 20:42

calvintaneng

ivan9511 Bank . Rsawit for my own view i personally feel still can wait .
But just my own view
Because currently plantations still can wait lower
You try to see taan swt wtk. Tdm mhc kwantas all.still suffer
If I not mistaken rsawit still wait wait first
But for long term you can buy
Rsawit last time quite strong is a very good counter
13/03/2018 20:04

RSawit is a 100% pure plantation play.

So down temporary as CPO is weak. If CPO strong RSawit will perform better

These others are with mixed businesses

1) CBIP got CPO and Modipalm
2) TDM got CPO & Hospital
3) Dutaland got CPO (now selling for Rm750 mil of 88 sen Cash) & Hotel, Shops & Stock Brokering Firm

Harnlern got CPO, Hotel, Factories & Antique Shops

Kwantas got Plantation Lands & Oil Mills

JTiasa & WTK got CPO & Timber

So all classes of Businesses will impact them one way or another

2018-03-13 23:19

Patron

How’s carimin ?

2018-03-13 23:56

joetay

carimin is now ard 30sens.

lol...............

2018-03-14 17:31

gladiator

I still remember when HengYuan drop from RM6.00 to below RM5.00 after second quarter result out in May 2017 Calvin said hengyuan not a good buy and promote his holland stock and now he do it again in rcecap.

2018-03-14 19:27

calvintaneng

where got my comment on hengyuan?

this one belongs to sifu great stockraider

he also bought bj corp

2018-03-14 20:13

calvintaneng

LISTEN HERE

IF YOU BUY A VALUE STOCK AFTER CAREFUL STUDY. AND PRICE DROPPED AFTER BUYING

JUST GO AND BUY MORE BY AVERAGING DOWN SLOWLY

SEE HOW I BOUGT PM CORP FROM 13 SEN TO 7.5 SEN

THEN PM CORP KABOOM TO 36 SEN!!

Hohoho!!!

2018-03-14 20:16

joetay

but clown calvintaneng, out of the 7 stock buy calls u gave since beginning of this yr, 6 of them r in the red with 3 in deep red.

so u r the last one anyone shld take advice from.

lol...............

2018-03-14 20:22

michaelwong

If like this drop continue to leverage with no time frame, unless you are part of the banks big shareholders.You think so easy to apply for bank loans and banks needs assets as part of mortgage to approve bank loans mah ! No one can follow your stupid arrogance rules which does not conform to reality. Every counters keep leveraging when the stock prices continue to falls as mentioned by you mah have to depend on borrowings from Ah Long loh !!!

Latuk Calvin, you alone are rich financially, but your assumptions sounds like a mad scumbags with no credibility.

Arrogance with bloated egos and short-sighted self illusion is your responsibility investments elements will never makes you a better stocks advisor.

2018-03-14 20:43

calvintaneng

What red

Carimin was up from 38 sen to 48 sen
Kpscb up from 53 sen to 88 sen
Ta up from 61 sen to 66 sen
Opcom from 37 sen to 54 sen
Bj corp from 32 sen to 37 sen
cscsteel up from rm1.49 to Rm1.60
Dutaland up from 39.5 sen to 60 sen

All gone up.
Only now market bad sentiment caused a sell down. No fear. Just buy while cheap.

These two now are real bargains!

Mrcb for its imminent news of edl toll compensation, bidding for hsr and sale of menara celcom

Ta as Tagb result this may 2018 will be fantastic and fantastic all the way

as for your mata buta salah beli(mbsb) you better sell quickly and switch to either mrcb or TA

2018-03-14 20:49

joetay

u dont bs with me clown calvintaneng.

i give ur record here.

lets start from the beginning of yr and we look at clown calvintaneng's result thus far.

he gave buy calls on mrcb in early jan, 7/11 in early jan, mphb in early jan, carimin in late jan, bonia in early feb, csc steel in early feb and ta in mid feb.

mrcb was 1.25 and now is 1.04, mphb was 1.85 and now is 1.97. 7/11 was 1.53 and now is 1.51, carimin was 0.43 and now is 0.30, bonia was 0.50 and now is 0.48, csc steel was 1.51 and now is 1.43, finally, his lates promotion of ta was 0.62 and is now 0.60.

as we can see, the only stock in positive territory is mphb, up ard 6.5% while the rest r down.

thus, of the 7 buy calls he gave, 6 r in the red with 3 deeply in the red in excess of 10%.

2018-03-14 20:54

Jon Choivo

That's rich of you calvin.

Its like saying SAPNRG used to be RM4.9 but now market for oil bad.

In your case, the facts are true, but the news is fake. Haha

2018-03-14 20:55

joetay

all ur stocks r flash-in-the-pan, not even enough to make for brokerage, clown calvintaneng.

really is stupid without hope

2018-03-14 20:55

calvintaneng

Hahaha!!

Flash in the pan?

They are all flashes of brilliance and flushed with Value

1. Mrcb. This one will go above Rm1.30 soon.
2. Mphbcap. Both Walter Schloss and Ben Graham will dance hand in hand if this one is available in their time
3. Bonia. The 2nd Padini
4. Cscsteel. Nice 5 sen dividend. Cash rich and more to come
5. Carimin. Just add while cheap
6. 7 Eleven. Tsvt might take it private the 2nd time
7. TA. THIS ONE A GUARANTEE WINNER.
COME THIS MAY 2018 ALL WILL SEE ITS TRUE RESULTS. STATED IN NO UNCERTAIN TERM
8. Kpscb. Told all to be careful. Those bought early ok.

So buy VAlUE Stock when still cheap

Like buying Rcecap at 27.5 sen.
Buying Keuro (Wce) at 27 sen
Buying Jaks at 40 sen
Buying masteel at 66 sen. And certainly must sell it above Rm1.70
Buying Prestar at 46. And don't chase it over Rm1.30

SEE

CALVIN'S 3RD RULE

HE THAT IS LOW NEEDS FEAR NO FALL.


AND REMEMBER THIS

LAST YEAR CALVIN CALLED FOR A BUY ON DRB HICOM AT 92 SEN

AFTER DRB CROSSED RM2.00 CALVIN NEVER TELL PEOPLE TO CHASE DRB


NOW THAT MRCB HAS NOT CROSSED RM2.00 AS YET


I AM SHOUTING OUT ITS DEEP HIDDEN VALUE FOR ALL WHO WILL LISTEN.

THOSE WHO TOOK HEED TO BUY DRB AT 92 SEN STILL WHATASPP ME TO SAY THANK YOU

OTHERS TOO CLEVER LIKE PHONIXQUEEN AND OTHERS HAVE WANDERED INTO LANDMINES AND PERISHED


REMEMBER

"HE THAT GATHERS NOT WITH ME SCATTERS!"

2018-03-14 21:17

joetay

u r really king of bs, clown calvintaneng.

allow me to give u the timing of all ur calls.

mrcb, 3 jan at 1.25 and now 1.01
7-11, 11 jan at 1.54 and now 1.47
carimin, 26 jan at 43sen and now 30sen
bonia, 3 feb at 50sen and now still 50sen
csc, 12 feb at 1.51 and now 1.40
ta, 17 feb at 63sen and now 59sen

ur mphb cap was made on 7 dec 2017 at 1.27 and after going until a high of 1.63 is now at 1.34.

so what bs u talking abt???

all ur stock calls r all southbound and flash-in-the-pan as i have proven.

2018-03-14 21:37

calvintaneng

Hahaha

mrcb people can trace my buy call at 92 sen

they complained why i didn't issue buy call when mrcb was below 90 sen

As for mphbcap i called for a buy at rm1.30 when all were saying mphbcap will crash to Rm1.00


Listen!

I am the way to Value.
I tell the truth
You will find life by following my calls

2018-03-14 21:50

apolloang

opcom manage to sell half only,kns 1 day show

2018-03-14 21:50

018293853134

Hello, why calvintaneng, you say your calls on JTIASA has 30% up?

Isn't it down from RM 1.80 to 90 sen? Loss 50% instead of up 30%

2018-03-14 21:55

018293853134

HOW CAN YOU PROFIT 30% from JTIASA? The price is all time low.

2018-03-14 21:56

joetay

lol..........

so what if u made ur mrcb call at 92 sens, its a fact that all ur calls since beginning of the yr r southbound, including ur one day show mphb cap.

so what do u say abt that, clown calvintaneng??????

2018-03-14 21:56

calvintaneng

Clever to buy cheap and sell high

Good!!

AS MRCB AND TA NOW CHEAP

JUST BUY UP

2018-03-14 22:14

calvintaneng

Calvin 1st call to buy jtiasa was rm1.14

It went up to Rm1.80

Go find the truth

2018-03-14 22:15

Seek

TA got dividend policy?
Dividend should b coming?

2018-03-14 22:44

joetay

dont make me laugh that u buy cheap and sell high.

on 3 jan when mrcb is at 1.25, u still shouting for a buy until now.

and now it is 1.01, so how u can say u buy cheap and sell high?????

u r really stupid beyond belief, clown calvintaneng.

lol............

2018-03-14 23:01

calvintaneng

Calvin called for a buy on MRCB on Oct 26 2017 when MRCB was below Rm1.00

SEE

Posted by calvintaneng > Oct 26, 2017 04:48 PM | Report Abuse X

MRCB ANYTHING BELOW RM1.00 JUST SAPU ALL!!!

SO NOW AT RM1.01 IT IS STILL ABOVE RM1.00

2018-03-14 23:30

calvintaneng

Seek TA got dividend policy?
Dividend should b coming?
14/03/2018 22:44


See TA dividend

19-Apr-2017 28-Jun-2017 DIVIDEND Final Dividend RM 0.017 Dividend Detail
25-Apr-2016 28-Jun-2016 DIVIDEND Final Dividend 0.4000% Dividend Detail
29-May-2015 31-Jul-2015 DIVIDEND Final Dividend 1.8000% Dividend Detail
16-May-2014 01-Jul-2014 DIVIDEND Final Dividend 2.8% Dividend Detail
28-May-2013 16-Jul-2013 DIVIDEND Final Dividend 1.8% Dividend Detail
31-May-2012 11-Jul-2012 DIVIDEND First and Final Dividend 2% Dividend Detail
20-May-2011 05-Jul-2011 DIVIDEND First and Final Dividend 2% Dividend Detail
14-May-2010 28-Jun-2010 DIVIDEND First and Final Dividend 2.5% Dividend Detail
15-Oct-2009 28-Oct-2009 DIVIDEND Others 3 : 5 Dividend Detail
15-May-2009 31-Jul-2009 DIVIDEND First and Final Dividend 4.5% Dividend Detail
16-May-2008 01-Jul-2008 DIVIDEND First and Final Dividend 10% Dividend Detail
17-May-2007 02-Jul-2007 DIVIDEND Final Dividend 7% Dividend Detail
25-May-2006 24-Jul-2006 DIVIDEND Final Dividend 3% Dividend Detail
12-May-2005 01-Aug-2005 DIVIDEND Final Dividend 5% Dividend Detail
11-Oct-2004 01-Nov-2004 DIVIDEND Interim Dividend 1% Dividend Detail
02-Jun-2004 19-Jul-2004 DIVIDEND Final Dividend 2.5% Dividend Detail
12-Sep-2003 14-Oct-2003 DIVIDEND Interim Dividend 5% Dividend Detail
25-Jun-2003 11-Aug-2003 DIVIDEND Final Dividend 1% Dividend Detail
02-Jul-2002 15-Aug-2002 DIVIDEND Final Dividend 1% Dividend Detail

AND MORE

A LOT OF INVESTMENTS WENT INTO TAGB BECAUSE OF TRUMP TOWER & LITTLE BAY IN AUSTRALIA

NOW THAT LITTLE BAY IS DISPOSED FOR RM774 MILLIOMS WITH RM342 MILLIONS PROFIT PLUS TRUMP TOWER HIGH END CONDO SOLD AND VACANT POSSESSION GIVEN ONLY TRUMP HOTEL REMAIN AS A CASH COW

SO CAN EXPECT INCREMENTAL DIVIDEND FROM TAGB & TA IN COMING QUARTERS/ YEARS/ DECADES

2018-03-14 23:30

calvintaneng

Calvin called for a buy on MRCB on Oct 26 2017 when MRCB was below Rm1.00

SEE

Posted by calvintaneng > Oct 26, 2017 04:48 PM | Report Abuse X

MRCB ANYTHING BELOW RM1.00 JUST SAPU ALL!!!

SO NOW AT RM1.01 IT IS STILL ABOVE RM1.00


DON'T WORRY MRCB WILL STILL GO UP IN COMING DAYS & ALSO VERY SOON!!!

2018-03-14 23:33

joetay

u never fail to make me laugh die me, clown calvintaneng.

ur mrcb buy in at 92 sen and continue buying up to 1.30 means ur average shld be ard 1.11, so u r in deep red now with mrcb at 1.01.

lol...............

2018-03-14 23:35

calvintaneng

2 people like this.
People who like this
gbk5566, Seek


VERY GOOD!!!

2 people clicked likes

BIG THANK YOU FROM CALVIN

See

Our friends Seek & GBK5566 are Smart & clever!!

Unlike stupeed Joetay who bought Mata Buta Salah Beli (Mbsb)

2018-03-14 23:38

joetay

after being shown the facts, clown calvintaneng been driven mad by me to resort calling mbsb as stupid buy.

mbsb is backed by epf, so if mbsb collapse, that means the financial system is in trouble.

so clown calvintaneng, which coy is more important to the econmy????

really is stupid as shown.

lol..................

2018-03-14 23:42

calvintaneng

Posted by TEEXIAN1840 > Mar 14, 2018 11:37 PM | Report Abuse

whatever down it will up again one day, maybe very soon...


A BIG BIG THUMBS UP!!!

This is the wisest phrase in i3 Forum Today!!!

HIP HIP HOORAY

3 CHEERS!!

CLAP!
CLAP!!
CLAP!!!

2018-03-14 23:59

joetay

dont talk so much cock, clown calvintaneng.

i bet with u that end of this yr, mbsb will close higher than mrcb.

u got balls to take up this bet????

lol.............

2018-03-15 00:06

calvintaneng

joetay dont talk so much cock, clown calvintaneng.

i bet with u that end of this yr, mbsb will close higher than mrcb.

u got balls to take up this bet????

lol.............
15/03/2018 00:06

YOU BETTER GO TO JAKS FORUM AND SEE THIS POST

Jaks run into trouble at home with Star Media. Going into court case?

be careful Jaks might go into trouble with Viet Govt

Later might also run into trouble with China JV partner?

Aiyoyo!

Imagine if got

1) Coutcase in Malaysia with Star Media

2) Then Courtcase with Vietnam Govt?

3) And after that with more Court Case with China Partner?

THEN JAKS GONE CASE LEOW!!!

SO DON'T PLAY PLAY WITH FIRE

Ha! Only Solution Left

TELL SUPER INVESTOR TO PRIVATISE JAKS BY OFFERING ALL RM2.00 A SHARE

THAT WILL BE JUST SHORT OF RM1 BILLIONS

HOW?

JUST PLEDGE ALL SHARES TO IB

AFTER ALL REPCO BOSS PLEDGED REPCO SHARES BY CORNERING IT AT RM200.00

JAKS COULD BE ANOTHER ONE!!!

2018-03-15 00:07

joetay

dont talk so much cock, clown calvintaneng.

u dont have the guts to walk the talk as usual.

lol.............

2018-03-15 00:08

calvintaneng

better go take good care of Jaks now

Or your rice bowl kena broken?

2018-03-15 00:09

joetay

dont talk so much cock, clown calvintaneng.

once challenged, u try to divert the topic like the idiot u r.

so got guts to take my bet????

lol.............

2018-03-15 00:11

calvintaneng

Posted by calvintaneng > Mar 15, 2018 12:09 AM | Report Abuse X

better go take good care of Jaks now

Or your rice bowl kena broken?

HAHAHA!

You have been exposed!!!

Robin Hood sent you here to kacau?

You better buy Up MRCB * TA NOW!!

2018-03-15 00:12

joetay

dont take so much cock, clown calvintaneng.

ask u whether u want to bet with me, u r such a coward when challenged.

lol...........

2018-03-15 00:14

calvintaneng

See in a Tsunami

1) Management no use as they are swept away!

2) Business also in danger as Customers are swept Away!!

3) ONLY ASSETS LIKE STRONG BUILDING STANDING FIRM

WATCH

https://www.youtube.com/watch?v=Uhe36Co4ayo

https://www.youtube.com/watch?v=PQ0SFbiDrSk

2018-03-15 01:00

joetay

but coward clown calvintaneng, now u r not only a proven clown but also a proven coward.

so u still want to take my bet????

lol.........

2018-03-15 01:27

calvintaneng

Stock: [MRCB]: MALAYSIAN RESOURCES CORP

Mar 14, 2018 10:11 PM | Report Abuse

Hahaha!

Mbsb give out loans at high interest rate to subprime borrowers.
in good times ok. in bad times many loans go into default

so many repossessed houses for sale by mbsb

and i bought 2 units foteclosed by mbsb from court auction

so mata buta. so salah beli. better to buy mbsb auction houses at fire sale price than to buy its shares

Hohoho!!

2018-03-15 01:28

joetay

as usual, coward clown calvintaneng dares not take my bet.

so he talk nonsense again.

such a coward u r, coward clown calvintaneng.

lol............

2018-03-15 01:29

calvintaneng

BET WHAT? BET YOUR HEAD LAH

WE INVEST AND DON'T GAMBLE LAH


Stock: [MRCB]: MALAYSIAN RESOURCES CORP

Mar 14, 2018 10:11 PM | Report Abuse

Hahaha!

Mbsb give out loans at high interest rate to subprime borrowers.
in good times ok. in bad times many loans go into default

so many repossessed houses for sale by mbsb

and i bought 2 units foteclosed by mbsb from court auction

so mata buta. so salah beli. better to buy mbsb auction houses at fire sale price than to buy its shares

Hohoho!!

2018-03-15 01:29

joetay

sure, can i bet ur head that mbsb will close higher than mrcb by end this yr???

u have guts to back up ur call????

lol...........

2018-03-15 01:31

joetay

so coward clown calvintaneng, can we bet our heads????

lol........

2018-03-15 01:32

joetay

so coward clown calvintaneng, we bet on our heads then.

lol.............

Posted by calvintaneng > Mar 15, 2018 01:29 AM | Report Abuse

BET WHAT? BET YOUR HEAD LAH

WE INVEST AND DON'T GAMBLE LAH


Stock: [MRCB]: MALAYSIAN RESOURCES CORP

Mar 14, 2018 10:11 PM | Report Abuse

Hahaha!

Mbsb give out loans at high interest rate to subprime borrowers.
in good times ok. in bad times many loans go into default

so many repossessed houses for sale by mbsb

and i bought 2 units foteclosed by mbsb from court auction

so mata buta. so salah beli. better to buy mbsb auction houses at fire sale price than to buy its shares

Hohoho!!

2018-03-15 01:36

mancingbursa

Hi Mr Calvin Tan, me mancing fr Bedok.
I dun know what to said but i follow ur recommend to buy Ta Enterprise by today and i personally not quite convince to buy stock depend on FA. Anyway i also try my luck here. TQ

2018-03-15 07:18

Seek

Thanks Calvin.

2018-03-15 08:06

3iii

http://www.investlah.com/forum/index.php/topic,79459.0.html

TA versus Aeon Credit

{since Calvin's post on 12.3.2018}

2019-02-19 17:24

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