Dear  Friends of i3 Investor's Forum,

Today marked the FIFTH ANNIVERSARY OF MY FIRST RECOMMENDED STOCK IN I3 FORUM Since September 20th, 2013(exactly 5 years ago.

And i quote

 Posted by calvintaneng > Sep 20, 2013 08:57 PM | Report Abuse X

DEAR friends at PM CORP. You are looking at the Best Of The Very Best Counter in BURSA! Why? What Are The Reasons? Let me give you the following reasons? Reason No.1. PM CORP(4081) has net Cash of 18.5 cts per share. When you buy PM Corp you are buying now (20th September, 2013) for Only 15 cts a Share. A discount of 3.5 cts per share. A Great Buy.

Pm Corp after 5 years closed at 15.5 sen today for a half sen gain. But Pm Corp  gave a Cash Payout of 8 sen - making it 23.5 sen. So there is still a net gain of 8.5 sen or 1.7 sen whichis about 11.3% per year.

I feel very humbled. I expected more. But I am satisfied At least I would have escaped & not suffered the ravages of inflation if I kept Cash in Bank FD at 3.5% interest rate. 

Now we are seeing very uncertain times ahead as USA is going into a trade war with China & almost every other country.

So my focus will still be Very Defensive. In this scenario I hope not to lose money. If i don't make? It's perfectly ok. Capital Preservation is Now Far More Important Than Capital Gain. In other words, "RETURN OF CAPITAL IS MORE IMPORTANT THAN RETURN ON CAPITAL"

After PH Govt comes into power THE GOVERNMENT WILL NOWTURN FROM GOVERNMENT-CENTRIC TO CITIZEN-CENTRIC. The Focus will shift from High Infrar Projects to Projects that will help the Malaysian Citizens. We already see the scrapping of GST with the replacement by SST.  In view of thisI have selected 10 Stocks which i think will have some measure of safety & cushioned by High NTA & also for some - High Net Cash which will provide sustainable dividends. I will leave growth stocks, hot stocks and syndicated stocks to other experts.

I shall be very happy if this basket of 10 stocks should give a similar yield of 11.3% yearly for the next 5 years. Anything more will be a bonus. 

And here we go:

1) MUI BHD at 18 sen

WITH ANDREW KHOO NOW AS CEO WE CAN EXPECT TO SEE REJUVENATION OF THE MUI GROUP. ANDREW WILL SHRINK DOWN METROJAYA FROM 200,000 SQ FT SPACE TO ONLY 12,000 SQ FT. THIS WILL STOP BLEEDING UNLIKE PARKSON WHICH GOT HAMMERED BY ECOMMERCE.

METROJAYA WILL SHIFT FOCUS TO AN ONSITE BAKERY, CAFE,  SPA AND WELLNESS

TODAY BURSAANNOUNCED IN PM CORP

OTHERS PAN MALAYSIA CORPORATION BERHAD (PMC OR COMPANY) JOINT VENTURE AND SHAREHOLDERS AGREEMENT BETWEEN MEGAFORT SDN BHD AND BAKER & COOK PTE LTD

PAN MALAYSIA CORPORATION BERHAD (PMC OR COMPANY)
JOINT VENTURE AND SHAREHOLDERS AGREEMENT BETWEEN MEGAFORT SDN BHD AND BAKER & COOK PTE LTD

MUI BHD  HAS VERY UNDERVALUE HOTEL ASSETS WHICH ARE PROFITABLE. WITH LOSSES STEMMED FROM METROJAYA WE CAN EXPECT MUI BHD TO SEE BETTER DAYS. ANOTHER GOOD POINT IS THE WEAK RINGGIT WILL HELP MUIBHD TOURISM BUSINESS IN MALAYSIA.

2) CSCSTEEL AT RM1.13

WITH THE SHIFT FROM HIGH INFRAR JOBS TO CONSUMERS LIKE THE SALE OF MORE CARS AND WHITE GOODS THERE WILL BE ASURGE IN COIL ROIL STEEL USAGE. THIS WILL DIRECTLY BENEFIT FLAT STEEL STOCKS LIKE CSCSTEEL

CSCSTEEL IS CASH RICH AND DEBT FREE.

ABOVE ALL AT RM1.13 WITH 10 SEN DIVIDEND IT IS  GIVING A GOOD YIELD OF 8.8% ( THE HIGHEST DIVIDEND AMONG ALL STEEL STOCKS)

3) DUTALAND AT 54 SEN

CASH FROM ASSET DISPOSAL WAS 88 SEN. AND WITHIN 9 MONTHS TIME ANOTHER 5 SEN DIVIDEND CAN BE EXPECTED WHICH TRANSLATES TO 9.2% DIVIDEND

INSIDERS ARE ACCUMUALTING AT 54 SEN. SO THE DOWNSIDE IS WELL PROTECTED. AND DIRECTORS' HOLDING COST IS AS HIGH AS OVER RM1.00. NTA IS NOW OVER RM1.50

4) EKSONS AT 78.5 SEN

THIS IS ANOTHER NET CASH COMPANY WITH PURE CASH OF 92 SEN. NTA IS OVER RM2.00

WITH SABAH GOVT BANNING LOG EXPORT EKSONS PLYWOOD INDUSTRY SHOULD DO WELL

COMPANY HAS BEEN SANGUINE WITH PROSPECTS AND RECENTLY DECLARED A 5 SEN DIVIDEND WHICH IS ABOUT 6.3% YIELD

5) TA ENTERPRIZE AT 65.5 SEN (NOW BELOW TONY MGO PRICE OF 66 SEN)

THIS IS ANOTHER VALUE STOCK WHICH RESEARCH HOUSES HAVE GIVEN AN NTA OF RM2.60

TA RECENTLY GAVEA NICE 4.1 SEN DIVIDEND WHICH TRANSLATES TO A NICE 6.2% YIELD

WITH CAPEX FOR BUILDING IN TAGB NOW OVER WECAN EXPECT TA TO PAY OUT BETTER DIVIDENDS IN YEARS AHEAD

NOW LET'S TAKE A LOOK AT INTRINSIC PRICE VERSUS CURRENT PRICE

AS  YOU CAN SEE FROM THE ABOVE GRAPH THERE IS ALWAYS AREAL INTRINSIC VALUE. BUT HUMANS  BEING HUMANS WILL BUY/SELL ABOVE OR BELOW IT MOST OF THE TIME.

IN TIMES OF EUPHORIA PEOPLE OVERPAY FOR STOCKS. AND IN TIMES OF PESSIMISM PEOPLE LET GO STOCKS AT FAR BELOW INTRINSIC VALUE.

SO THE BEST IS TO BUY DURING PESSIMISM AND CERTAINLY WE MUST REFRAIN FROM EUPHORIA AND SELL WHEN ALL OTHERS HAVE TURNED BULLISH.

6) INSAS BHD AT 82 SEN

THIS IS ANOTHER ABNORMAL STOCK TOTALLY NEGLECTED. INSAS HAS MANY GREAT BUSINESSES.

THE JEWEL IS  INARI. FOR INARI ALONE  THERE IS OVER RM2.00 WORTH OF VALUE.

THIS ONE IS THE ULTIMATE BARGAIN IN KLSE FOR DEEP VALUE.

7) ECS ICT AT 96 SEN

WITH THE RISE OF ECOMMERCE & IT THERE WILL BE AN INCREASE OF HSBB TO OFFICES AND HOMES. SO ECS ICT IS IN A SUNRISE INDUSTRY.

ECS IS CASH RICH AND DEBT FREE AND  OFFERS A 5 SEN DIVIDEND  WHICH GIVE A YIELD OF 5.2%

8) TALAM  AT 3.5 SEN

THIS BOMBED OUT STOCK IS SLOWLY RECOVERING BY ASSETS DISPOSAL.

ONCE ASSETS FINALLY SETTLE ALL DEBTS TALAM SHOULD SEE A NET NET CASH VALUE OF 15 SEN TO 25 SEN.

LAST TIME I CALLED FOR A BUY ON DUTALAND AT 39.5 SEN WHEN IT WAS LOADED WITH DEBT AND ASSETS. LATER DUTALAND TURNS INTO A DEBT FREE CASH RICH COMPANY

I THINK TALAMT IS GOING IN THAT DIRECTION

ONE MORE POSITIVE CATALYST ISTHE GROWTH OF PROTON CITY IN TANJUNG MALIM WHICH WILL UPLIFT THE LANDS OF TALAMT IN BKT BERUNTUNG AND SERENDAH

KNOWING THIS DATUK CHAN HAS BOUGHT UP CHUNKS  OF TALAMT SHARES AT 8.5 SEN 

SEE

MR CHAN TET EU	18-Apr-2016	Acquired	500,000,000	0.085
TAN SRI DATO DR IR CHAN AH CHYE @ CHAN CHONG YOON	18-Apr-2016	Acquired	500,000,000	0.085
TAN SRI DATO DR IR CHAN AH CHYE @ CHAN CHONG YOON	18-Apr-2016	Disposed	500,000,000	0.085
YAW CHUN SOON	25-Feb-2016	Others	230,000,000	0.000
TAN SRI DATO' (DR) IR CHAN AH CHYE @ CHAN CHONG YOON	17-Oct-2014	Acquired	900,000,000	0.110

9) GUH AT 60 SEN

AT 60 SEN WITH NTA OF RM1.87 GUH IS SELLING AT LESS THAN 1/3 THE NTA 

GUH WILL BENEFIT FROM THE NEW GROWTH TRIANGLE OF LANGKAWI/KEDAH/PENANG WHICH ARE PH GOVT STRONGHOLD. AND GUH IS FORTUNATE TO HAVE 3 PRIME LAND BANKS HERE. BY NEXT YEAR NEW HOUSING PROJECTS WILL BE LAUNCHED

10) MPHBCAPITAL  AT RM1.23

ANOTHER POTENTIAL STOCK WITH 2  CATALYSTS

A) SALE  OF INSURANCE ARM MIGHT GIVE OUT A NICE RM1.00 CASH PAYOUT

B) ITS 1,800 ACRES LANDBANKS OPPOSITE PETRONAS RAPID IN PENGERANG HAS A RIDICULOUSBOOK VALUE OF LESSTHAN RM1.00 (ACTUAL MARKET VALUE IS ANYTING FROM RM30 PSF TO RM80 PSF). BILLIONS OF RM COULD COME FROM THIS SALE SOME DAY AS PETRONAS MOVE DOWNSTREAM INTO CHEMICALS 

PLEASE BUY/SELL AFTER DOING YOUR OWN DUE DISCRETION

WITH WARM REGARDS

Calvin Tan Research

September 20 2018

Singapore