Hi guys,
I watch with abated breath the Growth of China's voracious Growth Appetide!
After Deng Xiopeng opened up Shenzhen China became an export powerhouse. Even USA now tries to reign in China's relently export to the US
I saw for the First Time in Booming Iskandar how China's Country Garden launched for sale of 9,000 Condo Apts at one go.
NOW CHINA IS USING MALAYSIA'S PROTON CITY IN TANJUNG MALIM TO LAUNCH ITS FIRST ASEAN 10 CAR - PROTON X70 SUV - THE RUNAWAY SUCCESS CALLED BOYUE IN CHINA THAT HAS BEATEN BOTH KOREAN, EUROPEAN & JAPANESE CARS IN OVERALL SALES IN CHINA
PROTON X70 (GEELY BOYUE IS A RUNAWAY SUCCESS IN CHINA.
SEE
05/06/18, 05:44 pm
SINGAPORE (June 4): On Feb 23, Daimler announced in a filing that Zhejiang Geely Holding Group had acquired a 9.7% stake in Daimler for €7.3 billion ($11.4 billion). With this stake, Geely becomes the single-largest shareholder of Daimler, whose most famous marque is Mercedes-Benz. Geely also owns another well-known European brand — Volvo — and former British brand Lotus (see Chart 1).
In just 20 years, Geely has transformed from a little-known Chinese company to one of the most recognised names in the automobile sector. Geely is already one of the largest producers of electric vehicles (EVs), ahead of Tesla, and is snapping at the heels of the likes of Renault-Nissan-Mitsubishi and BYD Corp.
Geely became a global name when it acquired Volvo in 2014. In 2017, it took a 49.9% stake in Proton, Malaysia’s national car, and became a well-known brand in Malaysia. Geely injected RM170 million of cash into Proton and also RM290 million worth of the Geely Boyue SUV platform. The Boyue SUV is China’s top-selling sport utility vehicle and the platform will be used to build Proton’s first SUV in Malaysia.
Yet, what is Geely’s business model? How can it own a mass-produced value-for-money carmaker such as Proton as well as acquire a considerable stake in Daimler? On the surface, Geely and Mercedes could not be more different in their product line-up and brand representation.
Geely started off as a manufacturer of refrigerators. Subsequently, it diversified into motorcycle production. The transition to car production was a natural progression. Li Shufu, Geely’s founder, is largely credited with the brand’s rise and fame. Li personifies the Chinese dream. Born into a peasant family, he is on Forbes’ list of top 10 richest Chinese; and he is a leading proponent of EVs and China’s electric mobility push.
Geely-Volvo tie-up a success
In 2010, Volvo was owned by Ford Motor Co, which weathered the global financial crisis without taking financial assistance from TARP, or the Troubled Asset Relief Program, or declaring bankruptcy. Still, Ford had financial challenges that were exacerbated by the US’ unsuccessful car subsidy programme.
So, Ford divested a few brands — Jaguar Land Rover to India’s Tata Group, and Volvo to Geely, which acquired it for US$1.8 billion.
Geely’s Li was the highest bidder for Volvo. At the time, industry experts had little faith in Volvo’s turnaround. For one thing, Geely’s sales were lower than Volvo’s. The market was also concerned about financing.
In a rather lengthy op-ed titled “Devolving Volvo”, The Economist expressed scepticism. “Although Volvo represents only a small part of Ford’s output, swallowing it will be a big challenge for Geely: [In 2009] it sold just 330,000 cars — most of them in China — which is about the same as Volvo sold worldwide. Unlike most big Chinese carmakers, Geely is privately owned and, in recent weeks there had been some doubts about whether it would get the financing needed for the purchase. However, those doubts were dispelled when Chinese state banks (and hence, it is assumed, the government in Beijing) said they would back it,” it stated in May 2010.
GEELY DID A GREAT JOB TURNING AROUND VOLVO.
NOW GEELY IS TURNING PROTON AROUND.
BUT IS IT ONLY FOR MALAYSIA?
NO. NO. NO. DON'T BE SO SHORT-SIGHTED!!
GEELY CHINA IS LOOKING NOT JUST AT MALAYSIA - BUT FOR THE ENTIRE 620 MILLION STRONG ASEAN 10 MARKET FOR ITS EXPANSION!!
Already a Great Success In Malaysia.
See
Proton has ended the first quarter of 2019 on a high, with 6,145 vehicles registered in March alone, representing a market share or 11%, which is a 2.6% improvement over the same month in 2018. For comparison’s sake, the national carmaker sold 5,283 units in February, and 7,007 cars in January.
What’s more, Proton recorded a 46.1% increase in vehicle registrations in March (vs March 2018), which it says is equivalent to a growth rate nearly four times higher than the industry as a whole. Compared to the first three months of 2018, Proton’s cumulative sales figure for Q1 2019 increased by 43.5%, while the TIV only grew by 6.7%. Proton claims that this puts it ahead of all its rival brands in terms of growth, along with a sizeable lead over the fourth best-selling automotive brand in Malaysia (Toyota).
Proton CEO, Dr Li Chunrong said, “the numbers posted by Proton in 2019 is the direct result of hard work put in at every level of the company. These achievements are possible due to the growth in the number of 3S/4S outlets, an increase in product quality, refocusing on customer service and improvements in many other areas. With the forthcoming launch of our updated models later this year, Proton is confident its investment in the business will continue to benefit sales growth.”
In no uncertain term GEELY ALREADY STATED THIS
“With Proton and Lotus joining the Geely Group portfolio of brands we strengthen our global footprint and develop a beachhead in South East Asia,”said Daniel Donghui Li, chief financial officer of Geely Holding Group.
“We also aim to unleash the full potential of Lotus Cars and bring it into a new phase of development by expanding and accelerating the rolling out of new products and technologies.”
Analysts said the agreement should allow Proton to ship vehicles tax-free across the Association of Southeast Asian Nations (Asean) bloc, which covers a population of 623 million.
So the ECRL will connect Proton City to Serendah and from there it goes west to Port Klang for its Car Shipment to Myanmar, West Thailand & West Indonesia. It also moves east on the ECRL to both Kuantan Port & Tok Bali port for its exports to Vietnam, Cambodia, Laos, East Thailand, Sabah, Sarawak, Brunei, the Phillines & Indonesia = a Total of 623 MILLION STRONG MARKET FOR PROTON - GEELY
Proton is now very sanguine on its prospect & launching a New Phase of Expansion in Proton City of Tanjung Malim
See PROTON CITY (Wikipedia)
OK THIS ONE ADVERTISED IN iPROPERTY WEBSITE FOR SALE AT RM7 MILLIONS FOR 7 ACRES
Now see how much psf
7 x 43,560 = 304920
Divides Rm7,000,000 by 304920 - Rm22.95 psf (It didn't say how far from Proton Factory)
Ok let's take this Rm22.95 as a simple nenchmark
So let's see How Much is MJ PERAK Current Land Value
10037866.4 sq ft X Rm22.95 =Rm230,369,033.8
RM230.36 MILLIONS? But its book value only stated Rm2.35 Millions
Whoa! Will Mj Perak Bosses cheat by selling this grossly undervalue land to its own proxy or family members.
NO FEAR AT ALL
See After PH Govt is installed they told Perak Corp management to clean up their acts. So now Mj Perak has clean procurement. Even small projects are tendered out in transparent way
See http://www.majuperak.com.my/page/274/Tender-Notice/
ANOTHER PIECE OF PRIME COMMERCIAL/RESIDENTIAL LANDS ARE ALSO IN TANJUNG MALIM WITH 143 ACRES SIZE
MAJU PERAK ALSO GOT OTHER GREENTECH BUSINESS LIKE SOLAR ENERGY & MAKING GOODS FROM BAMBOO.
PLUS IT HAS MANY COMMERCIAL ASSETS LOCATED IN PERAK
NOW MAJU PERAK HAS VERY LITTLE DEBT IN ITS BALANCE SHEET WHILE IT IS SO RICH IN UNDERVALUE ASSETS
AT 26 SEN WITH NTA OF 70 SEN MJ PERAK IS SELLING AT A WHOPPING 73% DISCOUNT EVEN WITH ITS LANDBANKS STILL AT OLD OLD VALUE
IT HAS ONLY A SMALL BORROWING OF RM12 MILLIONS
AND MJ PERAK IS KNOWN TO BE GENEROUS IN DIVIDEND PAYOUT WHEN IT HAS SURPLUS CASH IN HAND
SEE
26-May-2016 | 29-Jul-2016 | DIVIDEND | Final Dividend | RM 0.0108 | |
17-May-2016 | 27-May-2016 | DIVIDEND | First Interim Dividend | RM 0.0106 |
IF MJ PERAK DISPOSES SOME MORE ASSETS THERE WILL BE LOTS MORE CASH DISTRIBUTING IN COMING FUTURE
At 26 sen now Calvin has a Target price of Mj Perak at 78 sen (Its 10 year high of 2009) So there is a 200% upside
BEST REGARDS
Calvin Tan Research
Please buy or sell after doing your own due diligence
Chart | Stock Name | Last | Change | Volume |
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People can give u many girls to chose....so u chose the best one loh.......!!
Why u so greedy choose every girl leh ??
Posted by adamsmith > Apr 4, 2019 5:34 PM | Report Abuse
Bro u promote so many counters , not enough money to follow .....
2019-04-04 17:37
Calvin really good at finding those companies with land banks that haven't been revalued yet... But ah... How to unlock the value that's a problem. You know the management all very smart, say want to reduce costs so don't revalue the land... and then hold on and on and on and on.... Until dunno how many donkey years ==
2019-04-04 22:58
Heavenly PUNTER Calvin really good at finding those companies with land banks that haven't been revalued yet... But ah... How to unlock the value that's a problem. You know the management all very smart, say want to reduce costs so don't revalue the land... and then hold on and on and on and on.... Until dunno how many donkey years ==
04/04/2019 10:58 PM
NOW THERE ARE 2 THINGS YOU MUST KNOW
1) IF MANAGEMENT HAS THE HABIT OF SELLING ASSETS & PARE DOWN DEBTS
THIS WAS DONE IN PM CORP UNTIL ALL DEBTS WERE SETTLED & THEN A CASH PAY OUT!
NOW THE SAME TREND IS FOUND IN TALAM WHEN THEY SOLD ASSETS & PARE DOWN DEBTS FROM RM500 MILLIONS TO ONLY RM58 MILLIONS
FOR MJ PERAK IN THE NEW PH GOVT WITH PERAK CORP DIRECTORS BEING GRILLED FOR BAD PERFORMANCE I THINK THEY SHOULD KNOW IF THEY CANNOT PERFORM, THEY TOO, WILL BE REMOVED
SO IT IS IN THEIR OWN BEST INTEREST AS DIRECTORS TO PERFORM
2019-04-04 23:05
As I say b4 this layang understanding of business finance and business aspect are very poor loh...!!
Why do u need to consolidate Talam number of share leh ??...it serve no purpose loh...it is cheap & affordable with big margin of safety can easily fly even much better mah...!!
Private placement are u not impress Talam only need Rm 4.5m instead of Rm 45m....I m proud that talam keep it small...as the share price low...why want to place so much leh ??
This means Talam management take care of existing shareholder loh..!!
The way this Layang says Sumatec and Scomi got NTA assets more than Talam, but why he don buy leh ?? The answer their assets are poor quality assets whereas Talam has landed quality assets loh..!!
Also sumatec and scomi high debt but Talam very low mah...!!
IN ORDER TO BE SUCCESSFUL U NEED TO SPOT THE DIFFERENCE LOH....!!
RAIDER UNDERSTAND LOH...THIS LAYANG HAS BEEN CONNED MANY TIME BY PENNY STOCK LOH, THATS WHY HE IS SCEPTICAL. BUT HE NEED TO LEARN HIS LESSON AND NOT ONCE BEATEN TWICE SHY LOH...!!
HE NEED TO STAND UP NOT FEEL SHY EVER AGAIN LOH...!!
I BELIEVE TALAM WILL BE LAYANG TURNING POINT, IF HE ONLY DARE TO SAY I M WILLING EXPLORE & LEARN LOH...!!
PLEASE LEARN FROM PROPERTY EXPERT CALVIN TAN...HE IS AN EXCEPTION GENIUS MAH......!!
2019-04-04 23:22
management sucks under MB inc Perak that time...did nothing to increase value instead keep posting red figures...think there will be any changes with the new govt? banker or player? or tie? red or black? or zero? tai or sai? or triples?
2019-04-05 08:49
UNDER PH GOVT NOW
THINGS HAVE CHANGED FOR THE BETTER
MANAGEMENT EVEN TENDER OUT PROJECTS
NO DIRECT DEAL
VERY GOOD!!
2019-04-05 12:52
hopefully title deed is not missing from the registry … u know la...former gomen everything goes awol
2019-04-05 13:47
calvintaneng
http://www.majuperak.com.my/page/1/Home/
Mj Perak now goes by tender for its procurement (sale/ purchase) of assets in honest and transparent way
2019-04-04 15:03