THE INVESTMENT APPROACH OF CALVIN TAN
WHY PENERGY (5133) IS IN A VERY SWEET SPOT OF OGSE BULL RUN TIME, Calvin Tan Research
calvintaneng
Publish date: Fri, 01 Mar 2019, 11:50 AM
calvintaneng
0 1,802
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,
By now all are aware that we are in a NEW BULL RUN TIME IN OGSE (OIL & GAS SERVICE/EQUIPMENT) STOCKS
Let's take another look at Carimin, Penergy & Dayang
1. See Carimin latest Qtr Report
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
96,255
|
40,253
|
180,342
|
64,988
|
| 2 | Profit/(loss) before tax |
5,326
|
-3,297
|
16,970
|
-3,369
|
| 3 | Profit/(loss) for the period |
5,215
|
-3,639
|
16,743
|
-3,822
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
5,264
|
-3,606
|
16,979
|
-3,884
|
| 5 | Basic earnings/(loss) per share (Subunit) |
2.25
|
-1.54
|
7.26
|
-1.66
|
| 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 ($$) | ||||
Due to monsoon in Trengganu Carimin still registered an increase of Revenue from Rm40 Mil to Rm96 Mil for over 140% Rise in Revenue
Note: Rising Revenue means increased Orders from Petronas
Carimin has Rm114 Millions in PPE (Property/Plant/Equipment)
Still new. So Carimin is like a baby OGSE
Still growing up. Good.
2. See Dayang Qtr next
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
285,648
|
173,259
|
937,641
|
694,989
|
| 2 | Profit/(loss) before tax |
131,236
|
-8,955
|
220,027
|
-66,502
|
| 3 | Profit/(loss) for the period |
101,327
|
-60,674
|
148,055
|
-153,182
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
97,724
|
-55,210
|
164,223
|
-144,891
|
| 5 | Basic earnings/(loss) per share (Subunit) |
10.13
|
-5.72
|
17.02
|
-15.46
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.1700
|
0.9900
|
||
Dayang revenue also increased from Rm173 mil to Rm285 millions (Up 64%)
Its profits surged to 10.13 sen
Dayang is not so affected by Monsoon as it is near the "land below the wind"
Very good Growth Surge!!
Dayang the Taiko has PPE of Rm1.4 BILLIONS (Over 10 times of carimin)
But Dayang also got huge debt over Rm1 Billions. Another handicap is its liability in Perdana
But Dayang should do well as Petronas is helping
3) Let's see PENERGY
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
191,832
|
118,438
|
467,424
|
460,230
|
| 2 | Profit/(loss) before tax |
20,904
|
-46,679
|
-18,584
|
-46,212
|
| 3 | Profit/(loss) for the period |
20,884
|
-46,500
|
-20,996
|
-46,033
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
20,884
|
-46,500
|
-20,996
|
-46,033
|
| 5 | Basic earnings/(loss) per share (Subunit) |
6.51
|
-14.49
|
-6.54
|
-14.34
|
| 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 ($$) |
1.0300
|
1.1000
|
||
| Remarks : |
The amendment is on item 4 of profit/(loss) attributable to ordinary equity holders of the parent (RM'000) for the preceding year corresponding period ended 31 December 2017. The correct figure is -46,033 instead of 46,033. This amended announcement is dated 22 February 2019. |
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:
Revenue increased by 61% from Rm118 mil to Rm191 Million
PPE & Investments are Rm319 Millions (just nice: fit & healthy like a young adult)
Modest borrowings are backed by Assets & Investments
OF THE 3 PENERGY IS IN THE SWEET SPOT
ITS PRICE STILL LAGS BEHIND DAYANG
BUT ITS FUNDAMENTAL IS STRONGEST OF ALL OGSE
SO PENERGY HAS FURTHER UPSIDE TO GO
AT 75 SEN NOW
CALVIN CALLS FOR A BUY
TARGET PRICE?
IT SHOULD RISE ABOVE RM1.00 TO MATCH DAYANG FIRST
A MODEST ONE YEAR TARGET FOR PENERGY IS RM1.50
A Reminder
On January 2018 Calvin posted Carimin at 39 sen & gave a Target price for carimin at 80 sen
But to the surprise of all Carimin (currymee) was chased 94.5 sen (exceeded my T/P of 80 sen)
If you look into the 10 year or more history of these
Carimin was above Rm1.00 during IPO
Dayang was only 50 sen long ago
Penergy which was purchased from Perdana was a high of Rm5.00
Petra Perdana & Petra Energy were one at one time
After Waseong people bought Petra Energy from Petra Perdana they went separate ways
Perdana later took on too much debt & got into problem
Penergy remain prudent, solid & sound
The word "Petra" is the feminine of Peter which means "A Rock"
SO PENERGY IS THE OGSE WITH ROCK SOLID FUNDAMENTAL
IT SHOULD DO VERY WELL
BEST REGARDS
Calvin Tan Research
Singapore
Please buy/sell after doing your own due diligence
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| Chart | Stock Name | Last | Change | Volume |
|---|
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Discussions
5 people like this. Showing 50 of 142 comments
Then what about you
You come to accuse and cast doubts
You are better. More holier than others?
If good stocks are not promoted bad stocks will be
AND this year Calvin promotes naim, azrb, pantech and penergy
They are all good good ones
AND penergy is now hot and getting hotter
Why you so jealous?
If you can't beat it then go buy some
2019-03-02 13:28
Well Calvin, I am going to look through all your postings and find facts on all your manipulation.
I am going to write to SC. I think you are smart enough to think.
Today I am pretty free.
2019-03-02 13:29
Petronas assist Sme to get finance support and you point to petra?
Of course I do?
Sme as well as ogse will get financing
Hmmm?
Calvin just got another Sme stock supporting ogse
Already nibble some
Think I will buy more on monday
Since MarkSTRONG pointed this more clearly
Wahaha
Must thank MarkSTRONG for highlighting Sme of ogse
You so kind to Calvin
So happy now!!!
2019-03-02 13:34
I, I no free at all.
Only idle minds are devil's workshop
Better read this www.chick.com
2019-03-02 13:36
Mark strong u should join rafizi. Politic is your area. Don't sohai here. Lost money following other calls before? Blame yourself before blame others. Rmb you got an organ called otak. Use that filter before act.
2019-03-02 13:38
DON'T WORRY
Our dear SIR markstrong is a super lovely kind hearted man.
He will think of our well beings ALWAYS ...
2019-03-02 13:45
Anyway, I am not looking for enemies here. What is right on principle is important.
2019-03-02 13:49
People like Calvin knows what is right what is wrong. He many times has ulterior motives.
2019-03-02 13:50
Hi guys & all who love Penergy please join in & give your opinions
Calvin has got more important things to do this fine Saturday in Singapore
2019-03-02 13:53
Dear sifu calvintaneng,
SIR markstrong does bring home a good point for u n all...
THINK n WALK about it, ok
2019-03-02 13:59
Posted by PureBULL . > Mar 2, 2019 01:59 PM | Report Abuse
Dear sifu calvintaneng,
SIR markstrong does bring home a good point for u n all...
THINK n WALK about it, ok
Yes
I got bought one SME supporting OGSE stock last week
Now that I "SEE" more clearly I am prepared for monday
SO GOOD INDEED!!
2019-03-02 14:01
Ulterior motive should change to
"ULTIMATE MOTIVES"
Telling all to avoid bad stocks
BUY THE CHUN CHUN STOCKS OF OSGE BULL RUN TIME!!!
2019-03-02 14:03
Penergy Stand for pent of energy? RM 1.5-2 can come?
02/03/2019 14:27
Whoa! You got the ID Penergy?
And you last posted
On August 11, 2015 (More than 3 years ago)?
WELCOME BACK PENERGY!!!
Stock: [PENERGY]: PETRA ENERGY BHD
Aug 11, 2015 04:25 PM | Report Abuse
Sapu more today at 93-93.5sen.
WHOA!
You sapu Penergy at 93-93.5 sen then
WISH YOU HUAT BIG THIS YEAR OF OIL & GAS BULL RUN
YESSSSS
Calvin agrees
Rm1.50 to Rm2.00 possible!!!
Hip
Hip
Hooray!!
2019-03-02 14:37
CoolBull
CalvinTan, QR for past four quarters please, as requested by someone on previous page. Or at least just the net profits.
02/03/2019 13:20
Calvin replies:
As requested these are the Revenues & Results of Penergy for the last 4 quarters
May 2018 Revenue was Rm67.5 millions. Profit = 0.32 sen
Aug 2018 Revenue was Rm88.2 millions. Loss = -4.06
Nov 2018 Revenue was Rm119.7 million. Loss = -8.40 sen
Feb 2019 Revenue was Rm191.8 million. Gain = 6.51 sen
2018 was a lousy year and yet Insiders stepped up buying company shares
Notice the Rise And Rise of Revenue
From 67.5 Mil to 88.2 mil then to Rm110.7 mil
And Finally to RM191.8 Millions
So beginning quarter of revenue Rm67.5 mil to latest quarter of Rm191.8 millions
THERE IS A HUGE JUMP OF 200% IN REVENUE
THIS SHOWS THE HUGE VOLUME OF JOBS GOING FORWARD
02/03/2019 14:46
X
calvintaneng Over in Carimin similar trend of Revenue Growth also recorded
May 2018 rev was Rm24.8 millions
Aug 2018 rev was Rm46.9 millions
Nov 2018 rev was Rm84 millions
Feb 2019 rev was Rm96 millions
Every quarter shows Increasing Revenue
NOW PENERGY REVENUE AT RM191.8 MILLIONS IN ABOUT DOUBLE OF CARIMIN
THAT IS WHY CALVIN SAY PENERGY IS FAR BETTER THAN CARIMIN ANYTIME
2019-03-02 14:53
Ron90 Bro Calvin, U still have not giving any evidence that Perta got new additional contract from Petronas, ....not just extension for the existing one last June 2018.
In their QR ..nothing,
02/03/2019 18:34
X
calvintaneng Ron90
Read this
The Board of Directors of PENERGY wishes to announce that no firm value has been stated in the Contract Extension as the Contract is on a “call-out” basis whereby the work orders will be awarded at the discretion of the client based on their activities schedules and rates during the duration of the Contract.
This announcement is dated 26 June 2018.
June 2018, after 6 months original Announcement of 5 OGSE (Petra Resources belong to Petra Energy or Penergy)
By June 2018
Contract extended according to Jobs needed by Petronas
The JOB is AWARDED but Work specifications depend on Need that arises along the way
The large increase in revenue to a new high of Rm191.8 Millions already indicated heightened activities
On Feb 2019 more sme supporting OGSE are roped in with 5 banks giving financial support means even MORE ACTIVITIES FOR PENERGY
02/03/2019 19:08
2019-03-02 19:11
See Calvin chun chun write up on Dayang versus Carimin
https://klse.i3investor.com/servlets/forum/600192789.jsp
Now both Naim & Dayang share prices have surpassed & overtook carimin share price
NEXT STRONG CONTENDER WILL BE
PENERGY = OR PENT-UP ENERGY!!
2019-03-02 23:57
Congrats TanEnd after making 17483616 buy calls finally kena few jackpots. Brace yourself guys you will see him spamming , dancing and clapping for sometimes. Old timers seen all these donkey tricks before
2019-03-03 00:07
FamousAmos Congrats TanEnd after making 17483616 buy calls finally kena few jackpots. Brace yourself guys you will see him spamming , dancing and clapping for sometimes. Old timers seen all these donkey tricks before
03/03/2019 00:07
Thank you
FamousAmos
When you go through so many stocks you sure to find a few really good ones
AND?
SURE PUT MONEY MONIES INTO THESE CHUN CHUN ONES
Carimin at 39 sen
Naim at 50 sen
Azrb at 36 sen
Pantech at 48 sen
AND THIS ONE WILL CHUN CHUN FOLLOW DAYANG UPTREND >>> "PENERGY!!""
THIS IS IT!!! PENT UP ENERGY!!!!
2019-03-03 00:49
Go buy it back lah
Many sold Latitude at Rm2.00 after Lattude gone up from Rm1.00 in 2013 for 100% profit
From Rm2.00 Latitude continued bull charge to Rm8.00 for another 600% gain
We are now in very strong Bull Momentum for OGSE stocks - especially these 3 = Carimin, Dayang & Penergy
BULL STILL YOUNG
SO BUY AND HOLD AS IT WILL GO UP --- GO LONG WAY UP
2019-03-03 01:01
Azrb?
Wait till Ecrl in April first
NOW DON'T MISS PENERGY
WATCH DAYANG VERY CLOSELY
IF DAYANG CONTINUES TO SPIKE UP JUST GRAB SOME PENERGY
Now must sleep already
Good night
ZZZZzzz,,..
2019-03-03 01:11
Follow calvin bought carimin, naim and now Dayang
Follow uncle Koon bought Carimin and now Dayang
This pig year 2019 super Ong!!
2019-03-03 08:51
Super Oil & Gas?
Super Ong?
Ong in hokkien means what?
Going to be very Ong for Penergy as Uncle Kyy going to make Dayang fly up
See
https://klse.i3investor.com/blogs/koonyewyinblog/196112.jsp
SO HOLD TIGHT ALL YOUR PENEGRY SHARES
THE RIDE UP WILL BE FAST AND FURIOUS
Any weakness or pull back don't worry. Just add on weakness.
2019-03-03 12:02
Penergy or petra energy were in the same company with petra perdana until it was relisted separately
And Dayang is the top holder of perdana
Both Dayang, perdana and penergy are sisters in the OGSE business
While perdana is bogged down by insolvent debt
Penergy being prudent has clean record
Now is the time for penergy to perform in this oil and gas bull run time
2019-03-03 12:41
In a bull market the best thing to do is to buy then sit still and do nothing
2019-03-03 21:36
Posted by FamousAmos > Mar 3, 2019 10:40 PM | Report Abuse
Tan Eng how about another OG stocks you promoted last time - Perisai
calvintaneng
24631 posts
Posted by calvintaneng > Mar 3, 2019 10:51 PM | Report Abuse X
Perisai caused problem for Ezra in Spore. Both didn't make it. As well as Armada, Daya, Barakah Offshore, Alam Martin. Sapnrg & perdana got high debt
Only those that survived the Crude oil crisis unscathed will do well
Penergy and deleum are managed better.
So now is the time to buy laggard Penergy
2019-03-03 22:53
If you contra then be careful
Pick up and hold is the best
Remember latitude went up from RM1. 00 to rm8. 00 in 2 years
So avoid short term punting
Stay invested
2019-03-03 22:55
GOOD
DAYANG TOUCHED RM1.30 AND
PENERGY TOUCHED RM1.00
SINCE PENERGY IS STILL CHEAP IN COMPARISON TO DAYANG
PENERGY IS THE SAFER PROXY TO DAYANG
PENERGY BALANCE SHEET IS SUPERIOR TO DAYANG
2019-03-04 09:22
Whoa
Bull?
Why are you talking like a bear?
Penergy still got lots of Pent up Energy yet to be released
Pent up Bull charge with Dayang still on going
So be bullish ok
2019-03-05 08:48
(US/CHN trade war doesn't matter) Philip
Putting this Chun Chun call here, do I can bring it up whenever Calvin says he can get 100% returns. Calvin says can foresee Chun Chun rm1.50 this year. And he bought more at 80-90 cents. Now price has dropped to 70 cents. Let's see how much Calvin can bullshit onwards.
>>>>>>
calvintaneng JY2019
Penergy was awarded OGSE phase one among 5 oil entities
In OGSE phase 2 Penergy was again awarded Top Side job which commands the highest revenue. Among 12 OGSE only Penergy was chosen and both dayang and carimin were dropped
Another one included in Phase 2 OGSE was Uzma.
For now I think Penergy is ovrsold
One quarter good result Mr Market chased Penergy into Limit up.
And one quarter poor result Mr Market sold it Limit down
Mr Market is so fickle minded
So don't follow Mr Market
Follow Value Investing
Look forward to August 2019 result of Penergy to see improvement again
For now is not the time to sell but to buy Penergy on weakness
Calvin is happy to have bought today
So happy now.
10/05/2019 5:25 PM
2019-05-19 18:17
No need talk too much. One word is enough.
Posted by ramada > Mar 1, 2019 11:59 AM |
One word only — unsustainable.
2019-05-19 18:30
Calvin continue Chun chun call to Holland again. good luck everyone. Holland is a beautiful country .
2019-05-19 21:44
its Calvin Cunt cunt call to Holland again. good luck everyone. Holland is a beautiful country .
2019-05-19 22:06
Why so much idixt believe this Calvin ,an idixt investor 300 pick in bursa , all 90% in Holland , only 10% Chun chun call
2019-05-22 21:06
When Calvin issues buy call price might fluctuates up or down short term
Longer term eventually value will surface and prevail
Hip hip hooray !!!
2019-11-23 13:31
Penergy does not need many job awards
Just only 2 umbrella job awards for top side maintenance powered up penergy profits
An umbrella job covers more than 350 Petronas oil and gas wells
So is T7 global
1. T7 global won umbrella job awards for subsea in well intervention, workover and decommissioning
2. T7 also won a similar umbrella job from Vestigo
2019-11-23 13:39
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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....
PureBULL .
Dear markstrong,
u make me WAKIKI HEHEHAHAHAU...
YES, grab him Calvin by his balls..
2019-03-02 13:27