THE INVESTMENT APPROACH OF CALVIN TAN
VALUE INVESTING IN MALAYSIA OR STOCK PUNTING? Which is the Better School of Thoughts, Calvin Tan Research
calvintaneng
Publish date: Sat, 25 Aug 2018, 11:48 PM
calvintaneng
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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.
There are 2 Schools of Thoughts in KLSE : LONG TERM VALUE INVESTING VERSUS SHORT TERM TRADING
1) Those who are Value Investors.
My Johor Sifu said in investment we buy great growing companies that will give value to all collectively.
And we happily invest together, profit together & grow rich together over the years steadily.
And he was correct!
2) On the other hand there are those who think that KLSE is a zero sum game. This kind of doctrine leads them to the belief that to win some must lose. And to win big some others must suffer huge losses. This kind of belief system is ruthless like a dog eat dog world. Everyone trying to outdo and outsmart each other. This led to the rise of Syndicates catching sorchai & trapping greater fools.
Calvin thinks KLSE is a place to find Companies to invest in. And there are many if only you will do your homework well
Before me is "The Monthly Digest" by Dr Neoh Soon Kean of Dynaquest (The Benjamin Graham of Malaysia who taught Value Investing)
This is the January 2009 Edition. In few short months it will be 10 years already
Let's take a look of what this Great Sifu recommended then
1) CENBOND at 40 sen (See what Dr Neoh said about Cenbond: Attractive valuations from the two commonly used fundamental yardsticks, P/E multiple of only 4x and a DY of 8% nett)
This was a chun chun call as Cenbond was later taken private
2) DAIBOCHI at 49.5 sen (A recovery stock. EPS bottomed out in 1H05 and continued to improve in the subsequent quarters. Currently, trading at a prospective P/E multiple of <5x and a very high DY of >14% nett.
Another chun chun call by Dr Neoh. Dr Neoh has 1 million shares of Daibochi. And Daibochi up over 1,000% in less than 10 years.
Now who say Value Investing is not for Malaysia?
3) HIROTAKO at 54 sen (Relatively high DY of almost 5.5% nett & reasonable P/E multiple)
Another chun chun call taken private!
4) MUDA at 60 sen (Turned around in 1Q07. Currently, trading at a prospective P/E multiple of 3x and a DY of 5% nett and has a very high operating cash flow price)
Another chun chun call. However Muda dropped from 60 sen to 32 sen.
At 32 sen Calvin hantam kuat kaut. But eventually Muda crossed Rm2.00 & split. Then up again for almost 10 baggars if you bought at bottom of 32 sen (Note: Over the years Calvin also tendered & bought some Muda Company cars)
5) PIE at Rm3.70 (This high champion dividend stock. Both my Johor Sifu & Osk Iskandar Top Boss Mr. Law also own it for dividends)
6) SKPRES at 0.095 (Trading at a forward P/E of <4x and a DY of >5% nett. These may be regarded as undemanding valuation)
THIS SUPER STOCK ROSE UP BY OVER 2,200% on Jan 5 2018 at Rm2.28
Calvin made money in this great stock!!!
7) TGUAN at 72 sen (A stretch firm producer with EPS growing at an average compounded rate of 5.2% per annum for the last 10 years. A beneficiary of the current bearish crude oil prices as its main raw material (resin) is a product of crude oil)
TGUAN PEAK AT RM4.79 ON FEB 2017 for a Rise of 665% in 8 years or 83% GAIN A YEAR!!!
How come people say Value Investing like Warren Buffet doesn't work in Malaysia
8) TITAN at 76.5 sen (THIS ONE CALVIN BOUGHT BUT AGAIN TAKEN PRIVATE)
9) KAF at 87.5 sen (This one was given MGO at Rm1.30 but rejected by shareholders. Later KAF was taken private for another 100% gain over Rm2.60)
Note: All who receive MGO letter from Tony at 66 sen for TA ENTERPRIZE should reject the offer.
TA & INSAS are both candidates for privatisation like KAF
And Dr Neoh chun chun buy call for KAF at 76.5 sen gained more than 400% inclusive of dividends
10) FIMA CORP at Rm1.88 (Low P/E multiple (<4x) & relatively high DY (>6% nett)
After share split/ bonus issue & dividends FIMACORP is Up 500%!
SO VALUE INVESTING IN MALAYSIA WORKS WONDERS FOR ALL WHO ARE PATIENCE
Posted by Calvin Tan Research
Note: The above stocks by Dr Neoh was extracted from The Month Digest of Dynaquet January 2009 Edition. Now this yearly subscription has ceased.
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Discussions
5 people like this. Showing 35 of 35 comments
Posted by newbie911 > Aug 26, 2018 12:22 AM | Report Abuse
Hi Calvin, are u still holding cbip?
Answer:
Yes i do. As well as TDM, Jtiasa and others
2018-08-26 00:24
Posted by newbie911 > Aug 26, 2018 12:28 AM | Report Abuse
Why cbip dropping like no 2moro?
Cbip is a cyclical stock in down trend. As value emerge insiders are buying. Will take time for CPO upcycle again to do well
Last time Calvin bought Southern Steel at Rm2.00. SSteel was given privatisation by Hong Leong Group around Rm2.20 but was rejected. Then
Calvin sold off SSteel around Rm2.10 as it turned down.
Later SSteel fell down. And then SSteel issued Cash call by offering Loan stock at Rm1.00 with 5% dividend
At that SSteel even fell below 90 sen. After that long wait SSteel powered up again to cross Rm2.30 on Sept 8th 2017 many years later.
So if CPO type of stocks fell to bottom can add more if there are margins of safety
2018-08-26 00:35
I'm leaving jb to go back to KL soon, lets meet again! My turn to belanja this time!
2018-08-26 02:28
At times 2 + 2 does not equal to 4. Calvin is in need of a research assistant.
2018-08-26 10:57
How abt B Puri, JCY?
Posted by newbie911 > Aug 26, 2018 12:28 AM | Report Abuse
Why cbip dropping like no 2moro?
2018-08-26 10:58
Bjcorp how? TanEnd hardcore follower bought from 50c untol 30c still keep buying since 2014...Want dollar cost averaging until when?
2018-08-26 11:52
there is no 100%,do your own self homework.datuk calvin winning picks,eg,azrb,tambun,eksons.....losing picks kwantas,cbip,currymee,jcy....sleeping counters complet,ecs and many more.he recommend so many stocks where got so much money to buy? hehe so pick 1 or 2 enough lah and don't complain.he gave u all reference for free yet u all no say thank you yet condemn him.
2018-08-26 11:57
I support datuk calvin cos he never give u all picks that already up more than 100% not like some call u all to chase and they are dumping
2018-08-26 11:58
sec all mata buta,so many manipulations,pump and dump and yet close one eye.no law at all,bursa should impose a law stated any company which stock that up or down over 30% in 3 days without any news should be suspended until news is release.this is to be fair to all
2018-08-26 12:07
sc also nowdays not working ar simply approve all the bonus,rights and cash call.this is only helping the crooks to makan duit rakyat
2018-08-26 12:08
lol...........market is a game of poker, a zero-sum game.
this is what i have learnt after 15 yrs in the market, bro apolloang.
2018-08-26 12:09
3 people like this.
People who like this: Jon Choivo, 3101575000, gohkimhock
Hi guys,
Thanks for clicking "likes"
2018-08-26 12:57
You make report first. I want to know what SC will say?
Posted by joetay7 > Aug 26, 2018 11:59 AM | Report Abuse
lol............
actually, our friend bodoh coward calvintaneng is alrdy in breach of the capital market act.
i just started a blog on Securities Commission.
2018-08-26 13:44
If you take Calvin's share recommendations seriously you'll be in trouble. His information may not be up to date. So you have to do further research before coming to a decision. He dishes out `gems' to us on a regular basis, but by his own admittance he has only about 5% of his money in the share market. Why is that? Doesn't he believe in his own `gems'? What is Calvin's true agenda? Is it to use i3 platform to preach christianity? If this is true then it is a rather sneaky way of doing so.
2018-08-26 13:59
Hahaha!!!
I did not start out preaching at first.
On 20th Sept 2013 .i recommended Pm Corp to all.....just next month will be 5th Anniversary.
i told all that i am here to learn from everybody.
From Sifu to sorchai. From investors to insane fellas. From Friends and foes. From Chun chun stocks to Cyclicals. From all and sundry.
Only 5% invested?
YES. A THOUSAND TIMES YES!!
AFTER LEARNING THE VERY BEST OF THE BEST INVESTMENT APPROACH MY NEXT MOVE WILL BE PUTTING MORE CASH INTO SHARES OF VALUE!!!
WAHAHA!!!
SO GOOD!!!
2018-08-26 14:10
calvin
its the cycle...where are we in the cycle started after the 2008 collapse....?
2018-08-26 14:12
2008?
I was out of the stock market. I went to buy Iskandar High Court Auction Properties. It was chun chun timing when prices were going at bargains' value.
Now i am selling and switching into stocks.
2018-08-26 14:21
@
calvintaneng can advise why Bpuri successfully made net profit from net loss but price not limit up but going holland until recently lowest 23sen.
I also cannot believe Bpuri only 23sen last time is very very very Expensive company and Bpuri construction can see all around KL and Selangor so should be a super power company . anything going to happen , because Bpuri seem like china word : 不堪一击
and yes pass few qr is oustanding very good
any comment on BINA PURI HOLDINGS BHD
for paSS few qr as below :
30 May 2018 31 Dec 2018 1 31 Mar 2018 166,571 6,256 829 0.31 0.00 0.901 Malaysia Stock - KLSE Quarter Report History 32%
28 Feb 2018 31 Dec 2017 4 31 Dec 2017 300,003 11,713 2,034 0.76 0.00 0.897 Malaysia Stock - KLSE Quarter Report History 169%
30 Nov 2017 31 Dec 2017 3 30 Sep 2017 215,763 5,393 295 0.11 0.00 0.887 Malaysia Stock - KLSE Quarter Report History 121%
2018-08-26 14:38
Posted by ivan9511 > Aug 26, 2018 02:38 PM | Report Abuse
@
calvintaneng can advise why Bpuri successfully made net profit from net loss but price not limit up but going holland until recently lowest 23sen.
I also cannot believe Bpuri only 23sen last time is very very very Expensive company and Bpuri construction can see all around KL and Selangor so should be a super power company . anything going to happen , because Bpuri seem like china word : 不堪一击
and yes pass few qr is oustanding very good
any comment on BINA PURI HOLDINGS BHD
for paSS few qr as below :
30 May 2018 31 Dec 2018 1 31 Mar 2018 166,571 6,256 829 0.31 0.00 0.901 Malaysia Stock - KLSE Quarter Report History 32%
28 Feb 2018 31 Dec 2017 4 31 Dec 2017 300,003 11,713 2,034 0.76 0.00 0.897 Malaysia Stock - KLSE Quarter Report History 169%
30 Nov 2017 31 Dec 2017 3 30 Sep 2017 215,763 5,393 295 0.11 0.00 0.887 Malaysia Stock - KLSE Quarter Report History 121%
Calvin replies:
Regarding BPuri the company has secured many projects. But I have some doubts about the BOD.
They only report a few percent profit each time. Another thing is the lack of transparency in giving Private Placements at 10% discount to themselves all the times cheaper and cheaper.
So i had to cutloss on Bpuri. Must go and tell off these selfish Directors what they are up to
Until there is more clarity put Bpuri on watch list & don't buy any more
2018-08-26 14:43
ivan9511
Calvin sees you in jaks forum?
Better be careful loh! Be very careful there are many sharks there in Jaks forum
If you swim too near the Sharks you might get eaten alive. Better stay far away
2018-08-26 14:46
Blog: The Micro Picture of Long Steel Might Be Good Only Short Term But The Macro Picture Longer Term is Bad, Calvin Tan Research
Aug 25, 2018 11:48 AM | Report Abuse
I went to look up on Cscsteel Annual Report and Company news.
Cscsteel sells
1. Flat steel sheets for roofing materials. Among its customers is Astino.
2. to Automotive car parts, door panels and others. So both Proton, Perodua, Naza and all other Car companies
3. Consumer goods like fridge and many others
So Cscsteel will do very well on these 2 reasons:
1. Removal of GST powers up consumer spending
2. Tun Dr M emphasis on cars and more cars will increase demand for Cscsteel products
CSCSTEEL IS ALSO CASH RICH AND PAYING A VERY NICE 7.5% DIVIDEND.
A VERY PRUDENT MANAGEMENT FOR MANY YEARS ALREADY.
ITS PRIME FACTORY LANDS IN MELAKA IS SITTING ON A GOLD MINE JUST BESIDE THE HIGHWAY FROM AYER KEROH GOING INTO MELAKA TOWN. IDEAL FOR CONVERSION INTO A RESIDENTIAL/COMMERCIAL TOWNSHIP
Calvin has a very small position in Cscsteel only. Just about 10,000 shares only. If prices of Cscsteel goes down togather with the fall of long steel i will add more on weakness. I had already sold and taken profit on my 2 long steel - Masteel which was bought at 66 sen and Prestar i bought near bottom at 45 sen.
Good luck.
2018-08-26 15:33
here is undeniable proof that u said proton buys csc steel for stamping.
Posted by calvintaneng > Feb 14, 2018 12:31 AM | Report Abuse
SEE
20 ROLLS OF FLAT STEEL SHEETS WERE NEEDED FOR THE MANUFACTURE OF 400 PROTON CAR BODY EACH DAY.
ESTIMATED PRODUCTION WAS 150,000 UNITS A YEAR.
AND WITH GEELY JV WITH PROTON PRODUCTION WILL RAMP UP TO 400,000 UNITS A YEAR.
THAT MEANS MORE THAN 160% INCREASE OF COLD ROLL STEEL NEEDED FROM CSCSTEEL
SEE HOW COLD ROLL STEEL IS CONVERTED INTO PROTON CARS
https://www.youtube.com/watch?v=9DzVzp12pbw
2018-08-26 15:40
Under no. 2
Cscsteel steel used for automotive car parts including door panels. roof, bonnets as Cscsteel supplies Cold Roil steel direct to Car manufacturing companies.
One Roll of Steel coil can make 20 cars.
So the prospects for flat steel like cscsteel will be very good
2018-08-26 16:08
Very good invertinvestment clicked likes
That makes it four.
Good! There are people who love value investing in Malaysia!!
2018-08-26 16:11
People who like thisXJon Choivo, 3101575000, gohkimhock, InvertInvestment, stockraider
VERY GOOD!!!
SIFU STOCKRAIDER ALSO INTO VALUE INVESTING!!!
2018-08-26 20:38
@
calvintaneng ivan9511
Calvin sees you in jaks forum?
Better be careful loh! Be very careful there are many sharks there in Jaks forum
If you swim too near the Sharks you might get eaten alive. Better stay far away
OK, I already made enough money on Jaks , since Jaks is not my long term portfolio
will sell asap, Thanks for the advise
Again Thanks and Appreciate for the advise on Jaks , same view with you on Jaks too
2018-08-27 00:07
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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
Note The hallmark of Grand Master Champion Sifu Dr Neoh stock pick focus on these 3
1. High NTA
2. Low P/E
3. High or reasonable dividend
prefably in growing companies with good track record and management.
2018-08-26 00:10