THE INVESTMENT APPROACH OF CALVIN TAN
EKSONS(9016) : High NTA, 7% Dividend Plus Brighter Business Prospect Make It A Good Value Buy, Calvin Tan Research
calvintaneng
Publish date: Thu, 21 Jun 2018, 08:14 PM
calvintaneng
0 1,804
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.
Hi guys,
EKSONS is now in my Investment Radar due to some Very Fundamental Changes Now:
And these are some Salient Factors
1) At 71.5 sen with NTA of Rm2.77 EKSONS is now selling at a Huge 75% Discount to NTA.
This is Another Very Defensive Stock with Deep Hidden Value.
2) A LOOK AT ITS NTA Reveals That It Has RM153 MILLIONS IN CASH & CASH EQUIVALENTS.
THIS IS 93 SEN NET CASH PER SHARE.
So at 71.5 SEN EKSONS is SELLING AT A NICE 24% DISCOUNT TO NET CASH ALONE.
THIS SHOWS THAT BY BUYING EKSONS AT 71.5 SEN YOU ARE GETTTING
BACK ITS VALUE IN CASH PLUS FREE CASH OF 21.5 SEN
PLUS ALL OTHER INVESTMENTS IN LANDS & FACTORIES FREE
ALL INVENTORIES OF PLYWOOD FREE
EKSONS ALSO GOT ANOTHER RM76 MILLIONS IN INVESTMENT SECURITIES WHICH TRANSLATE TO ANOTHER CASH HOARD OF 46 SEN
MAKING THE NET CASH POSITION OF EKSONS TO 93 SEN+ 46 SEN = RM1.39
SO AT 71.5 SEN COST ALL ARE NOW GETTING 67.5 SEN FREE CASH (CASH, CASH EQIVALENT & INVESTMENT SECURITIES)
WHOA! EKSONS LOOKS LIKE TOO GOOD TO BE TRUE. BUT WHY THE PRICE SELL DOWN THEN?
IS EKSONS ANOTHER RED CHIP CHINA STOCK WITH COOKED BOOKS WITH FAKE ACCOUNTS?
3) HA! THE ACID TEST IS FINALLY OUT!! 2 TESTS IN FACT
ONE) INSIDERS ARE BUYING EKSONS SHARES FROM OPEN MARKET WITH THEIR OWN HARD EARNED MONIES
SEE
| DATO PHILIP CHAN HON KEONG | 01-Jun-2018 | Acquired | 40,000 | 0.735 |
 |
| MR TAY HUA SIN | 06-Apr-2018 | Acquired | 15,000 | - |
|
| MR TAY HUA SIN | 05-Apr-2018 | Acquired | 9,500 | - |
|
| DATO' PHILIP CHAN HON KEONG | 06-Sep-2017 | Acquired | 10,000 | 0.840 |
|
| DATO' PHILIP CHAN HON KEONG | 31-May-2017 | Acquired | 42,000 | 0.970 |
|
| DATO PHILIP CHAN HON KEONG | 29-Dec-2016 | Acquired | 8,000 | 0.930 |
|
| TAN SRI DATUK AMAR (DR) HAJI ABDUL AZIZ BIN DATO HAJI HUSAIN | 22-Dec-2014 | Acquired | 5,000 | 1.280 |
|
| TAN SRI DATUK AMAR (DR) HAJI ABDUL AZIZ BIN DATO HAJI HUSAIN | 01-Nov-2013 | Acquired |
7,000 |
TWO) COMPANY HAS DECLARED A 5 SEN DIVIDEND WHICH IS AMOST 7% YIELD
AS DIVIDENDS CANNOT LIE ABOUT THE REAL HEALTH OF A COMPANY. CASH IS NOT JUST ON PAPER WHICH YOU CAN SEE IN XINQUAN BUT CANNOT TOUCH OR VERIFY..
FOR EKSONS CASH IS REAL & USEABLE AND SOON TO BE GIVEN TO ALL SHARE HOLDERS.
4) AND WHY THE SUDDEN DECLARATION OF A CASH DIVIDEND? IS THERE A POSITIVE SANGUINE SCENARIO GOING FORWARD.
IN NATURE WHEN TREES ANTICIPATE GOOD TIMES THEY FLOWER MORE - THUS YIELDING TO MORE SEED AND A BOUNTIFUL HARVEST.
ANIMALS, TOO, WILL MULTIPLY AND PRODUCE MORE OFF SPRINGS IF THE CLIMATE AHEAD IS CONDUCIVE WITH ABUNDANT FOOD AND WATER.
IN BLEAK TIMES WHEN WEATHER IS BAD THERE ARE FEWER FLOWERS AND FEWER REPRODUCTION IN ANIMAL KINGDOM
SO EKSONS' MANAGEMENT SEE BETTER TIMES AHEAD?
I THINK THERE ARE SOME GOOD REASONS FOR SO DOING
A) THE ATMOSPHERE PROJECT IN SERDANG IS NOW COMPLETED AND SOLD. SO CASH IS COMING IN.
B) DEBT AND GEARING IS MINIMAL (ONLY RM20 MILLIONS) . SO WITH SO LITTLE DEBT AND SO MUCH SURPLUS CASH THE POSITION IS VERY COMFORTABLE
C) AND THE TRIGGER?
YES! SABAH GOVT HAS BANNED LOG EXPORTS. SO COMPANY WILL GET MORE LOGS AS RAW MATERIAL FOR ITS PLYWOOD MANUFACTURING PLANTS IN TAWAU, SABAH
D) LAST QUARTER RESULT WAS IMPACTED BY STRONGER RINGGIT. NOW THAT RINGGIT HAS AGAIN CRASHED TO RM4.00 PER USD PROFITS SHOULD REVERSE
E) USA HAS LOST LOTS OF HOUSES DURING THE RECENT TORNADOES, CANADA LOGS AFFECTED BY FOREST FIRES PLUS JAPAN WILL NEED PLYWOOD FOR ITS OLYMPIC STADIUM 2020
ALL THESE ARE INDEED VERY POSITIVE FACTORS FOR EKSONS
5) ONE MORE THING I NOTICED IS SAVVY INVESTOR LIM PEI TIAM IS TOP 6 HOLDER OF EKSONS
HA! I FIRST SAW HIM IN SUPER ENTERPRIZE. LIM PEI TIAM IS TOP OWNER WHO CHASED SUPER FROM RM1.25 TO RM3.80 UNTIL IT WAS TAKEN PRIVATE FOR A 200% UPSIDE
AGAIN I SAW LIM IN POHUAT (HE IS THE TOP TWO HOLDERS IN POHUAT (OR POWER HUAT) LIKE SUPER I ALSO CALLED FOR A BUY AT RM1.25 (EERILY POHUAT ALSO UP 200% TO RM3.80 & SPLIT)
AND WHEN I BOUGHT INTO DRB AT 92 SEN I ALSO SAW LIM PEI TIAM IN TOP 30 HOLDERS. DRB UP 200% TO OVER RM2.70
FINALLY WHEN I ISSUED BUY CALL FOR DUTALAND AT 39.5 SEN I SAW SAVVY LIM PEI TIAM HOLDING 4 MILLION DUTALAND SHARES.
WHO IS LIM PEI TIAM?
IN POHUAT TOP DIRECTORS LIM PEI TIAM IS AN EXPERIENCED BANKER WITH MORE THAN 20 YEARS EXPERIENCE
SO I AM HAPPY TO SEE HIM HERE IN EKSONS
SEE FROM EKSONS 2017 ANNUAL REPORT
UNDER 30 TOP HOLDERS OF EKSONS
COMING IN AT TOP NO.6
Is Lim Pei Tiam @ Liam Ahat Kiat 3,364,700....................... 2.05%
LIM IS HOLDING 3.36 MILLION EKSON SHARES AT 2.05%
6) QUESTION NOW IS
WILL EKSONS FOLOW SUPER ENTERPRIZE, POHUAT, DRB-HICOM AND GO UP 200%?
THAT IS NOT WHAT I EXPECT, MY FRIEND
IN TODAY'S CARNAGE I HOPE TO GET 50%.
ENOUGH IF EKSONS IS GREEN GREEN IN A SEA OF RED
WARMEST REGARDS
Calvin Tan Research
Singapore
Please buy or sell after doing your own due diligence
I HAVE CHOSEN EKSONS AS A DEFENSIVE STOCK FOR ITS NET CASH, 7% DIVIDEND & AWAY FROM THE CONTAGION OF MALAYSIA AUSTERITY IN SCRAPPING CONSTRUCTION PROJECTS INTO A RESILIENT EXPORT STOCK NOW MADE BETTER BY SABAH GOVT BANNING LOG EXPORT
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
CALVIN TAN SAY, THANK YOU 9 MILLION TIMES FOR 9 MILLION PAGE VIEWS IN i3 INVESTORS' FORUM!
Created by calvintaneng | May 10, 2024
TSH RESOURCES (9059) The Events Yet Ahead. And They are Extremely Exciting, Calvin Tan
Created by calvintaneng | May 04, 2024
Discussions
Be the first to like this. Showing 33 of 33 comments
butaland 55cts give 5 cts div,cash rich cheaper alternative than this ACTION.....hehe
2018-06-21 20:48
Is it so?
Calvin also recommended Focus Lumber because Sabah Govt banned log export
Calvin called for a buy on FLB at Rm1.07
And already got 2 sen dividend
So cost now only Rm1.05
Today Focus Lumber closed at Rm1.15 or up 10 sen (9.5% gain)
LET'S SEE HOW HIGH EKSONS WILL GO UP IN COMING QUARTERS AND YEARS
AS FOR MP CORP?
YESTERDAY AT 3 SEN I EVEN SAY CAN BUY
AND THOSE WHO BOUGHT MP CORP AT 3 SEN ALREADY MADE 3 SEN (OR 100%) ACCORDING TO ONE DAY DIFFERENCE
SO BE FORWARD LOOKING OK?
2018-06-21 20:51
OH YES APOLLOANG
DUTALAND THE DURIANLAND HAS ALREADY GIVEN ITS RM50 MAU SANG WANG DURIAN LAH
NOW WE ARE IN A GARDEN OF FRUITING TREES (SHARES)
JUNE 27TH TA ENTERPRIZE GIVING 4.1 SEN DIVIDEND
JUNE 27TH EKSONS ALSO GIVING DIVIDEND OF 5 SEN
SO GOOD.
CALVIN LIKES ALL KINGS OF FRUIT TREES YIELDING FRUIT
WAHAHA!!!
2018-06-21 20:56
I bought 3cts and sold 6 cts 2 days ago in less than 10 mins,but dare not buyback yesterday again at 3 cts.
2018-06-21 20:59
dividend have to be consistent, wondering why they stop paying since 2014 even though they capable of paying based on book.
2018-06-21 22:16
trust deficit?
http://www.thesundaily.my/news/2017/07/25/bursa-reprimands-eksons-over-errors-accounts-quarter-ended-dec-31-2014
2018-06-21 22:17
Precisely it was bad fundamental that caused a sell down.
AS PRICE IS OVERSOLD TILL DEEP VALUE HAS EMERGED EVEN DIRECTORS CANNOT RESIST BUYING WITH OWN MONIES
SHARE BUY BACK AND DIRECTORS BUYING WITH OWNED HARD EARNED MONIES INDICATE A CHANGE OF CONFIDENCE
THE 5 SEN DIVIDEND IS ALSO ANOTHER POSITIVE SIGNAL
WHEN TOMMYPAK WAS 40 SEN IT SUDDENLY DECLARED A 4 SEN DIVIDEND. AFTER THAT ITS SHARE POWERED UP TO RM4.00 AND SPLIT.
BUT THE MOST IMPORTANT FACTOR WAS THE LACK OF LOG FOR MANUFACTURING OF PLYWOOD IN SABAH.
NOW THAT SABAH GOVT HAS TOTALLY BANNED PURE LOG EXPORT THE EQUATION HAS TURNED VERY FAVOURABLE FOR BOTH FOCUS LUMBER AND ALSO EKSONS
BOTH INSIDERS OF FOCUS LUMBER AND EKSONS HAVE NOW PUT OWN MONIES INTO THEIR NEW FOUND JOY OF STEP UP OPTIMISM IN MANUFACTURING FOR EXPORTS.
2018-06-21 22:54
“Further, the figures show that round log exports make up less than 18% of total round log production, the rest of the more than 80 per cent goes to the domestic downstream processing into mainly plywood and sawn timber.”
2018-06-21 22:56
The amount of logs exported is very small. So the ban unlikely free up lots of supply for locals
2018-06-21 22:57
THERE IS A RANDOM WALK THEORY WHERE NEW EVENTS APPEAR ON THE SCENE THAT TRIGGER NEW DEMAND FOR GOODS AND SERVICES.
OR CREATE NEW CIRCUMSTANCES FOR BUSINESSES THAT ARE EITHER FAVOURABLE OR UNFAVOURABLE.
IN THE CASE OF GOVT CALLING OFF HIGH VALUE CONTRUCTION JOBS THAT IMPACT CONSTRUCTION AND CONSTRUCTION MATERIAL COMPANIES BADLY
OR IN THIS THE BANNING OF LOG EXPORTS THAT IS FAVOURABLE FOR MAUFACTURERS OF PLYWOOD ESPECIALLY
2018-06-21 22:59
AGAIN THINK CAREFULLY
EKSONS IS NOT ISSUEING RIGHTS CALL TO ASK FOR MONEY.
IT IS GIVING OUT REAL CASH DIVIDEND.
CASH LATENT OR GENERATED WHICH IS THE ULTIMATE FRUIT OF SOUND COMPANIES
2018-06-21 23:02
Good
Icon8888 give fair comment.
This is also what people don't know .
Unreported illegal logging.
So now that export of pure logs are banned these leakages will be stopped.
I know of one logging tycoon. He used to cut trees for logs illegally from trees outside his alloted domain.
And his excuse was. If he does not steal others will. And this is bad. So Sabah Govt has the real reason.
2018-06-21 23:10
Haha! TheContrarian
I only invested 5% of capital and spread among so many counters .
So i just a small fry lah
2018-06-21 23:13
5% Spread over so many counters. So your commitment on new purchases on shares recommended by you is very small and gets smaller the more you recommend to buy. It shows that you have little or no confidence in your stock picks. Why, because you are unable to TIME your purchase. Stock picking of undervalued shares is no problem as there are so many undervalued shares around to pick on. But when will they start to move is what we want to know. IF YOUR SO CALLED RESEARCH IS ABLE TIME WHEN A SO CALLED UNDERVALUED SHARE RECOMMENDED BY YOU WILL START TO MOVE, I BET YOU'LL COMMIT 95% OF YOUR FUNDS TO IT. Am I right? TIMING IS MORE IMPORTANT THAN PRICE. You can buy a good share at below it's intrinsic value, but if your timing is wrong it can still go lower.
2018-06-22 11:47
teareader
Actually my first investment focus is into real estate....95% of my capital
Share investing is only a hobby.
I have been in property for more than 30 years.
For shares? Less than 20 years superficially.
Seriously? Only less than 10 years.
I think in another 10 to 20 years i should also improve my level like what i do in real estate.
As such i am here to learn and share about investing in share market.
So far there are ups and downs.
But overall it is a happy learning journer
MANY HAPPY RETURNS
2018-06-22 11:56
No one can be 100% chun chun about a share.
That is why we must diversify into a basket of value, growth and if possible with dividend stocks.
And Sifus like Dr Neoh Soon Kean, ColdEye, Lim Pei Tian have proven successful in their long term stock picks.
If they have survived and prospered it is no harm learning from them.
And they in turn learn from Sifus like Ben Graham, Peter Lynch and accountants Warren Buffet
So success begets success
2018-06-22 12:00
If your father knew that all his asset has been hollandized by you in this way... I think he probably rather donate to other people.
2018-06-22 12:02
That said, you have to show more responsibility because unlike you, many of your readers are willing to commit 95% of their assets to shares. They most likely expect some price action in the short term and may not be financially strong enough to keep long term. I know it may be difficult as your research may suddenly `discover a gem' and you rush to let your readers (followers) know. What happens when this `gem' only begins to shine five or more years from now?
2018-06-22 12:16
JoeTay I think you're falling in love on him... that's why keep follow him to everywhere lol
2018-06-22 13:27
Post a Comment
Featured Posts
Apps
Top Articles
1
save malaysia!
Malaysia set to become hub for AI development and innovation
2
3
CEO Morning Brief
5
6
7
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
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....
ohbeeyee
fresh from his disaster high NTA MPCORP recommendation, which will go to suspension next monday, ( MPCORP price plunged from 10 sen to low of 2 sen , closed 6 sen today)
taiko Calvintaneng, the NTA king, comes out with another killer stock !
Yes, will sure get killed here like MPCORP..
just look at the very low volume, will be stuck here forever.
EKSONS have been loss making for past 3 years, with terrible ROE,and have not paid dividend for past few years, only declare one in June (5 sen, just a bait ?)
good luck to clueless followers of Calvintaneng !!
2018-06-21 20:45