THE INVESTMENT APPROACH OF CALVIN TAN

IF TA ENTERPRIZE IS A HIDDEN GEM SO IS TAGB FOR ALL ITS UNDERVALUE ASSETS AT OLD BOOK VALUE (Calvin Tan Research )

calvintaneng
Publish date: Sun, 08 Apr 2018, 05:39 PM
calvintaneng
0 1,859
Hi Guys,

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

 

calvintaneng At 28.5 Sen TAGB is selling less than 50% NTA of 59 Sen 

And NTA consists of VERY VERY UNDERVALUE ASSETS OF HOTELS, RESORTS, SHOPHOUSES, OFFICES, CONDO BUILDINGS, COMMERCIAL LANDS, INDUSTRIAL LANDS & OTHERS 

TAGB IS NOW OF GREAT VALUE 

SEE 

TOP BOSS BUYING PRICES 

DATUK TIAH THEE KIAN 22-Mar-2018 Transferred 507,923,698 - View Detail 
DATUK TIAH THEE KIAN 25-Jan-2018 Acquired 505,500 0.374 View Detail 
DATUK TIAH THEE KIAN 24-Jan-2018 Acquired 550,000 0.370 View Detail 
DATUK TIAH THEE KIAN 22-Jan-2018 Acquired 630,000 0.366 View Detail 
DATUK TIAH THEE KIAN 19-Jan-2018 Acquired 750,000 0.368 View Detail 
DATUK TIAH THEE KIAN 18-Jan-2018 Acquired 1,023,800 0.379 View Detail 
DATUK TIAH THEE KIAN 17-Jan-2018 Acquired 900,000 0.385 View Detail 
DATUK TIAH THEE KIAN 16-Jan-2018 Acquired 937,700 0.383 View Detail 
DATUK TIAH THEE KIAN 15-Jan-2018 Acquired 800,000 0.383 View Detail 
DATUK TIAH THEE KIAN 12-Jan-2018 Acquired 266,000 0.380 View Detail 
DATUK TIAH THEE KIAN 11-Jan-2018 Acquired 1,137,100 0.380 View Detail 
DATUK TIAH THEE KIAN 10-Jan-2018 Acquired 1,800,000 0.382 View Detail 

DATUK TIAH THEE KIAN 26-Oct-2017 Acquired 412,300 0.377 View Detail 
DATUK TIAH THEE KIAN 25-Oct-2017 Acquired 1,398,300 0.374 View Detail 
DATUK TIAH THEE KIAN 24-Oct-2017 Acquired 1,829,300 0.377 View Detail 
DATUK TIAH THEE KIAN 20-Oct-2017 Acquired 1,768,000 0.379 View Detail 
DATUK TIAH THEE KIAN 19-Oct-2017 Acquired 500,000 0.375 View Detail 
DATUK TIAH THEE KIAN 17-Oct-2017 Acquired 1,022,900 0.373 View Detail 
DATUK TIAH THEE KIAN 16-Oct-2017 Acquired 302,500 0.370 View Detail 
DATUK TIAH THEE KIAN 13-Oct-2017 Acquired 663,900 0.370 View Detail 
DATUK TIAH THEE KIAN 12-Oct-2017 Acquired 1,000,000 0.370 View Detail 
DATUK TIAH THEE KIAN 11-Oct-2017 Acquired 500,000 0.370 View Detail 
DATUK TIAH THEE KIAN 10-Oct-2017 Acquired 500,000 0.370 View Detail 
DATUK TIAH THEE KIAN 09-Oct-2017 Acquired 200,000 0.365 View Detail 
DATUK TIAH THEE KIAN 06-Oct-2017 Acquired 1,400,000 0.367 View Detail 
DATUK TIAH THEE KIAN 25-Sep-2017 Acquired 2,037,400 0.394 View Detail 
DATUK TIAH THEE KIAN 21-Sep-2017 Acquired 1,560,300 0.393 View Detail 

DATUK TIAH THEE KIAN 05-Sep-2017 Acquired 2,100,000 0.372 View Detail 
DATUK TIAH THEE KIAN 30-Aug-2017 Acquired 814,300 0.376 View Detail 
DATUK TIAH THEE KIAN 29-Aug-2017 Acquired 905,000 0.373 View Detail 
DATUK TIAH THEE KIAN 28-Aug-2017 Acquired 1,253,500 0.384 View Detail 
DATUK TIAH THEE KIAN 25-Aug-2017 Acquired 1,447,900 0.398 View Detail 
DATUK TIAH THEE KIAN 24-Aug-2017 Acquired 4,750,000 0.399 View Detail 
DATUK TIAH THEE KIAN 23-Aug-2017 Acquired 1,500,000 0.388 View Detail 
DATUK TIAH THEE KIAN 22-Aug-2017 Acquired 3,550,000 0.388 View Detail 

Last time Datuk Hashim bought RceCap at 27.5 sen 

Later RceCap gave 7.5 sen Cash payout & share consolidated from 4 to One 

27.5 sen - 7.5 sen = 20 sen 

20 sen x 4 = 80 sen 

And RceCap jumped over Rm1.60 for 100% gain later 

So this is the Best of Times to buy TAGB & TA on weakness!!!

 

LIST OF PROPERTIES HELD BY TA GLOBAL BERHAD GROUP AS AT 31 JANUARY 2011

 

Location Description Existing Use Date of Acquisition Approximate Age of Buildings (years) Book Value (ACC) RM

 

1 Lot No 653, Mukim of Kluang Freehold Mixed Development Land Area : 4,144,999 sq. ft Land Held for Development 18/11/1994 - 7,520,991

 

2 Lot 2463, GM1783, Mukim of Batu, District of Kuala Lumpur Freehold Agricultural Land Area : 122,493 sq. ft. Land Held for Development 28/11/1994 - 2,050,92

 

3 2/3 of Lot 1580, EMR. 6715, Mukim of Batu, District of Kuala Lumpur Freehold Agricultural Land Area : 132,037 sq. ft. Land Held for Development 31/10/1994 - 2,951,123

 

4 1/3 of Lot 1580, Geran Mukim No 3602, Mukim of Batu, District of Kuala Lumpur Freehold Agricultural Land Area : 66,019 sq. ft Land Held for Development 7/2/2005 - 4,544,805

 

5 P T No 981, H.S.(D)1690, Mukim of Tras, Daerah Raub, Pahang Leasehold (Expiring on 4/12/2041) Residential Land Area : 72,387 sq. ft. Idle 03/06/1994 - 227,323

 

6 Idaman Residence 8, Jalan Law Yew Swee, 50250 Kuala Lumpur Freehold 18 units Condominium Built-up Area : 498,848 sq. ft. Condominium Held for Sale 26/2/2009 2 16,606,16

 

7 Lot 25 & 26, Section 58, Mukim and District of Kuala Lumpur Freehold Commercial Land Area : 43,496 sq. ft. Land Held for Development 31/07/1991 - 21,953,867

 

8 Lot 77, Section 58, Mukim and District of Kuala Lumpur Freehold Residential Land Area : 11,171 sq. ft. Land Held for Development 01/12/1995 - 7,876,677

 

9 Geran 27052, No Lot 174 Seksyen 57, Bandar Kuala Lumpur Freehold Residential Land Area : 44,192 sq. ft. Land Held for Development 19/10/2004 - 38,529,321

 

 

10 Damansara Idaman/Villas Grant No. 5963, Lot 2806, Mukim of Sungai Buloh, District of Petaling Freehold Mixed Development Land Area : 102,886 sq. ft. Residential Bungalow Projects under Development 22/01/1996 - 10,548,373

 

11 PT11253 - 11258, Mukim and District of Klang, TA Industrial Park Freehold 6 units Shophouses Land Area : 9,624 sq. ft Shophouses Held for Sale/Rent. 8/9/1993 10 681,583

 

12 PT 7346, 7347, 7348, 7349 Mukim of Serendah, District of Ulu Selangor Freehold Industrial Land Area : 386,059 sq. ft. Land Held for Resale 3/10/1992 - 3,400,509

 

13 PT 7137 Mukim of Serendah, District of Ulu Selangor Freehold Industrial Land Area : 87,000sq. ft. Land Held for Resale 3/10/1992 - 767,354

 

14 PT 7135, 7138, 7139, 7503 Mukim of Serendah District of Ulu Selangor Freehold Industrial Land Area : 261,154 sq. ft. Land Held for Resale 29/08/1992 - 2,111,184

 

15 Geran 15376, Lot 421, Mukim Kuala Lumpur Freehold Residential Land Area : 119,787 sq. ft Land Held for Development 27/7/2005 - 3,623,198

 

16 HSD 113435 PT 34081 & HSD 113436 PT34082, Mukim Sungai Buloh, Daerah Petaling, Negeri Selangor Freehold Commercial Land Area : 937,157 sq. ft Land Held for Development 20/5/2005 - 86,098,129

 

17 HSD 113426 - HSD 113433 & PT34072 - PT34079, Mukim Sungai Buloh, Daerah Petaling, Negeri Selangor Freehold Commercial Land Area : 1,156,720 sq. ft Land Held for Development 20/7/2005 - 117,350,423

 

18 Geran 27879, 26388, 26389, 28503-28505, 28508-28510, 37038-37040, 37034, 37037, 35373, 35374, 27619, 29013, 29017 & H.S.(D) 113001, in Seksyen 67, Mukim and Bandar of Kuala Lumpur Freehold Commercial Land Area : 129,888 sq. ft Land Held for Development 16/9/2005 - 85,417,964

 

19 H S (D) 12959, P T No 2910, Mukim of Pasir Panjang, District of Port Dickson Freehold 1 unit Townhouse Gross Floor Area : 1,367 sq. ft. Property Held for Internal Use 11/01/1995 8 93,854

 

20 Lot 11502, H.S(D) 52730, Mukim of Damansara, District of Petaling Freehold 3 Storey Shop-Office Gross Floor Area : 5,166 sq. ft. Property with Rental Income 18/08/1994 17 693,93

 

21 HS(D) 88660, PT No 13638, Mukim of Damansara, District of Petaling, Subang Business Centre Freehold 3 Blocks of 7 Storey Office Built-up Area : 47,146 sq. ft. Properties for Internal Use and with Rental Income 06/04/1995 14 7,846,353

 

22 Lot 24552, Section 20, Bandar Serendah, District of Ulu Selangor, Selangor Darul Ehsan Freehold Area : 36,167 sq. ft Own Use 15/2/2007 - 1,116,921

 

23 Geran 42988, 42989, 42990 in section 57, Town & district of Kuala Lumpur Freehold Area : 30,710 sq. ft Land Held for Development 22/1/2007 - 11,909,906

 

24 Geran Mukim 284, Lot 677, Mukim Empang, Daerah Hulu Langat, Negeri Selangor Freehold Area : 137,487 sq. ft Land Held for Development 25/7/2007 - 12,375,355

 

25 Geran 35222 Lot No 212 & Geran 29408 Lot No 211 Seksyen 89A Daerah and Bandar Kuala Lumpur with one and a half storey house building Freehold Area : 34,330 sq. ft Land Held for Development 28/8/2007 - 18,629,354

 

26 Geran 29264 Lot No 203 Seksyen 89A Daerah and Bandar Kuala Lumpur with one and a half storey house building Freehold Area : 26,299 sq. ft Land Held for Development 24/6/2008 - 15,862,890

 

27 Lot PT 22, HS(D) 63, Mukim and District of Kuala Lumpur Leasehold (Expiring on 24/3/2073) Residential Land & Building Gross Floor Area: 64,541 sq. ft Land Area : 55,694 sq. ft. TA Official Guest House 24/11/1993 13 21,213,136

 

28 Lot 37716 PN 10009 , Mukim and District of Kuala Lumpur Leasehold (Expiring on 26/3/2073) Residential Land & Building Gross Floor Area : 8,342 sq. ft. Land Area : 32,725 sq. ft. Property with Rental Income 30/03/1994 26 4,895,024

 

29 Menara TA One Lot 1261, G.39187, Section 57, Mukim and District of Kuala Lumpur Freehold 37 Storey Office Building Gross Floor Area : 418,502 sq. ft. Land Area : 44,057 sq. ft. TA Corporate Head Office and Rental Income 7/8/1995 14 203,759,267

 

30 Terasen Centre Lot E, Block 7, District Lot 185, Land District 36, Plan 22865, West Georgie, Vancouver, Canada Freehold 24 Storey Office & Commercial Building Gross floor Area : 400,000 sq. ft. Investment Property with Rental Income 11/08/1995 19 176,608,526

 

31 Aava Whistler Hotel, 4005, Whistler Way, Whistler, B.C. Freehold 193 rooms, 4 Star Hotel Gross Floor Area : 96,499 sq. ft. Land area: 110,355 sq. ft Property with Rental Income 4/9/2008 14 171,028,496

 

32 Radisson Plaza Hotel 66, Pitt Street, Sydney, Australia Freehold 363 Room, 5 Star Hotel Gross Floor Area: 301,392 sq. ft. Land Area: 18,514 sq. ft. Property with Rental Income 08/12/1997 11 248,824,677

 

33 Westin Hotel, State of Victoria, Australia Freehold 262 Room, 5 Star Hotel Gross Floor Area: 269,098 sq. ft. Land Area: 32,292 sq. ft. Property with Rental Income 15/12/2008 11 433,013,452

 

34 587, West 17th Avenue, Vancouver, B.C. Freehold Residential detached Gross Floor Area: 2,576 sq. ft. Land Area: 4,023 sq. ft. Property with Rental Income 3/5/2010 88 4,876,068

 

35 1107-638 Beach Crescent, Vancouver West, B.C. Freehold Condominium Gross Floor Area: 1,030 sq. ft. Property with Rental Income 27/2/2010 2 2,679,109

 

36 402-610 Granville Street, Vancouver, B.C. Freehold Condominium Gross Floor Area: 865 sq. ft. Property with Rental Income 27/2/2010 2 1,479,086

 

37 20 Merchant Road, Singapore 058281 Swissotel Merchant Court, Singapore-4 star hotel with 476 rooms. Area 42,358sq.m Investment Property 30/11/2009 12 607,279,65

 

TOTAL:           RM 2,356,444,983  (NOTE: BY YEAR 2011 TAGB GOT RM2.35 BILLIONS WORTH OF ASSETS.  AS OF NOW IN YEAR 2018 (7 YEARS HAVE PASSED WITH SYNCHRONISED REAL ESTATE BOOM IN MALAYSIA, HONG KONG, CANADA, AUSTRALIA). HOW MUCH THEY HAVE APPRECIATED IN REAL TIME VALUE?

 

NEXT YEAR IN 2012 TAGB ADDED 3 MORE PROPERTIES TO MAKE IT 40

See one from China

39 No. 387, Qianjin Zhong Road, Kunshan, PRC 215300 Leasehold (Expiring on 29/6/2043) 387 Room, 5 Star Hotel Gross Floor Area: 400,611 sq. ft. Land Area: 90,654 sq. ft. Property with Rental Income 28/1/2011  Rm182,841,695

 

TOTAL COMBINED ASSETS VALUE RM2.57 BILLIONS (Maintained at Status Quo Prices or Unchanged)

 

BY YEAR 2013 TAGB ASSETS ADDED 3 MORE UNITS TO 43

2 ARE FROM THAILAND

See

42 509 Patak Road, Karon Beach, Phuket, Thailand Freehold 300 rooms, 5 Star Hotel Gross Floor Area : 654,908 sq. ft. Land area: 891,553 sq. ft Property with Rental Income 01/06/2012  RM 271,058,930

 

509 Patak Road, Karon Beach, Phuket, Thailand Freehold 1 residence Built-up Area : 1,399 sq. ft. Property Held for Resale 01/06/2012 7  RM160,009

 

THE MOVENPICK HOTEL WAS PURCHASED WHEN RINGGIT WAS STILL STRONG. AND WITH THE CRASH OF CRUDE OIL THAIBATH WENT Up 30% AGAINST THE RINGGIT. SO THE PURCHASE WAS CHUN CHUN. KUDOS TO TA (TONY AND ALICIA FOR GREAT FORESIGHT AND BUSINESS ACUEMENT!!)

 

BY YEAR 2014 THE LIST OR PROPERTIES HAVE GROWN FURTHER. ACCOMPIED BY HIGHER BORROWINGS

AND SINCE THE COMPLETE LIST DEEMED TOO EXHAUSTIVE AS A BURSA RULE ALLOWED ONLY TOP 10 PROPERTIES ARE LISTED

THIS IS A MISTAKE!!

BURSA AND SC SHOULD REQUIRE COMPLETE LISTING OF ALL ASSETS AND PROPERTIES AS THEY ARE OF PARAMOUNT IMPORTANCE TO SHOW THE ACTUAL STATUS & COMPLETE INVENTORIES OF A COMPANY.

 

LAST TIME AFTER 2007/8 SUBPRIME CRISIS I RECEIVED AR FROM IJM SHOWING THE PRIVATISATION OF ROAD BUILDER BY IJM.

I WAS SO HAPPY TO SEE THE IMMENSE ASSETS OF ROAD BUILDER BOUGHT WHOLESALE BY IJM. SO I BOUGHT IJM AROUND RM2.20. IJM LATER POWERED TO OVER RM8.00 & I MADE 300%

 

Warm Regards

 

Calvin Tan, Singapore

calvintaneng At 28.5 Sen TAGB is selling less than 50% NTA of 59 Sen 

And NTA consists of VERY VERY UNDERVALUE ASSETS OF HOTELS, RESORTS, SHOPHOUSES, OFFICES, CONDO BUILDINGS, COMMERCIAL LANDS, INDUSTRIAL LANDS & OTHERS 

TAGB IS NOW OF GREAT VALUE 

SEE 

TOP BOSS BUYING PRICES 

DATUK TIAH THEE KIAN 22-Mar-2018 Transferred 507,923,698 - View Detail 
DATUK TIAH THEE KIAN 25-Jan-2018 Acquired 505,500 0.374 View Detail 
DATUK TIAH THEE KIAN 24-Jan-2018 Acquired 550,000 0.370 View Detail 
DATUK TIAH THEE KIAN 22-Jan-2018 Acquired 630,000 0.366 View Detail 
DATUK TIAH THEE KIAN 19-Jan-2018 Acquired 750,000 0.368 View Detail 
DATUK TIAH THEE KIAN 18-Jan-2018 Acquired 1,023,800 0.379 View Detail 
DATUK TIAH THEE KIAN 17-Jan-2018 Acquired 900,000 0.385 View Detail 
DATUK TIAH THEE KIAN 16-Jan-2018 Acquired 937,700 0.383 View Detail 
DATUK TIAH THEE KIAN 15-Jan-2018 Acquired 800,000 0.383 View Detail 
DATUK TIAH THEE KIAN 12-Jan-2018 Acquired 266,000 0.380 View Detail 
DATUK TIAH THEE KIAN 11-Jan-2018 Acquired 1,137,100 0.380 View Detail 
DATUK TIAH THEE KIAN 10-Jan-2018 Acquired 1,800,000 0.382 View Detail 

DATUK TIAH THEE KIAN 26-Oct-2017 Acquired 412,300 0.377 View Detail 
DATUK TIAH THEE KIAN 25-Oct-2017 Acquired 1,398,300 0.374 View Detail 
DATUK TIAH THEE KIAN 24-Oct-2017 Acquired 1,829,300 0.377 View Detail 
DATUK TIAH THEE KIAN 20-Oct-2017 Acquired 1,768,000 0.379 View Detail 
DATUK TIAH THEE KIAN 19-Oct-2017 Acquired 500,000 0.375 View Detail 
DATUK TIAH THEE KIAN 17-Oct-2017 Acquired 1,022,900 0.373 View Detail 
DATUK TIAH THEE KIAN 16-Oct-2017 Acquired 302,500 0.370 View Detail 
DATUK TIAH THEE KIAN 13-Oct-2017 Acquired 663,900 0.370 View Detail 
DATUK TIAH THEE KIAN 12-Oct-2017 Acquired 1,000,000 0.370 View Detail 
DATUK TIAH THEE KIAN 11-Oct-2017 Acquired 500,000 0.370 View Detail 
DATUK TIAH THEE KIAN 10-Oct-2017 Acquired 500,000 0.370 View Detail 
DATUK TIAH THEE KIAN 09-Oct-2017 Acquired 200,000 0.365 View Detail 
DATUK TIAH THEE KIAN 06-Oct-2017 Acquired 1,400,000 0.367 View Detail 
DATUK TIAH THEE KIAN 25-Sep-2017 Acquired 2,037,400 0.394 View Detail 
DATUK TIAH THEE KIAN 21-Sep-2017 Acquired 1,560,300 0.393 View Detail 

DATUK TIAH THEE KIAN 05-Sep-2017 Acquired 2,100,000 0.372 View Detail 
DATUK TIAH THEE KIAN 30-Aug-2017 Acquired 814,300 0.376 View Detail 
DATUK TIAH THEE KIAN 29-Aug-2017 Acquired 905,000 0.373 View Detail 
DATUK TIAH THEE KIAN 28-Aug-2017 Acquired 1,253,500 0.384 View Detail 
DATUK TIAH THEE KIAN 25-Aug-2017 Acquired 1,447,900 0.398 View Detail 
DATUK TIAH THEE KIAN 24-Aug-2017 Acquired 4,750,000 0.399 View Detail 
DATUK TIAH THEE KIAN 23-Aug-2017 Acquired 1,500,000 0.388 View Detail 
DATUK TIAH THEE KIAN 22-Aug-2017 Acquired 3,550,000 0.388 View Detail 

Last time Datuk Hashim bought RceCap at 27.5 sen 

Later RceCap gave 7.5 sen Cash payout & share consolidated from 4 to One 

27.5 sen - 7.5 sen = 20 sen 

20 sen x 4 = 80 sen 

And RceCap jumped over Rm1.60 for 100% gain later 

So this is the Best of Times to buy TAGB & TA on weakness!!!

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment