Posted by calvintaneng > May 15, 2014 10:08 AM | Report Abuse X

Dear Friends at ADVANCE SYNERGY BERHAD, 

ASB was a high flyer before the Asian Financial Crisis. In 1997 ASB was traded at a high of RM4.70. At 15 Cts now ASB has fallen 97% from its peak. 

I had bought & sold ASB between RM1.50 to RM2.50 in those GoGo Years. For the whole year ASB has been trading at a range bound of 13 cts to 17 cts. Very dull? 

I think not for long you will see some activity here when RHB Research, Public Bank Research, Nanyang Siang Pau & others finally take notice of its immense hidden VALUE. 

GOOD NEWS!! 

ACCORDING TO LATEST COMPANY ANNOUNCEMENT ASB HAS JUST SOLD A HOTEL IN FRANCE FOR RM46.8 MILLIONS. THE PURCHASE PRICE OF HOTEL CUM RESTAURANT WAS ABOUT RM15 MILLIONS IN YEAR 2009. 

So There is a HUGE PROFIT OF ABOUT RM30 MILLIONS FOR ASB - EQUIVALENT TO 6 CTS A SHARE. A WHOPPING 40% GAIN!! 

Current Price is 15 CTS. Adjusted price should be 15+6 = 21 Cts. If Value Is Reflected By The Investing Public. And the hotel is only the Tip of the Ice Berg. ASB has an NTA of over 80 Cts. All The Other ASB Assets Are Also Highly Valuable. If Sold or Revalued Price Should Cross RM1.50 at the very least. 

SO ASB IS ACTUALLY SELLING AT A HUGE DISCOUNT TO NET NET ASSET BACKING. 

I have Set A One Year Target Price For ASB at 30 Cts. At 15 Cts Now That Means That It Will Be a 100% Upside. 

Regards, 

CALVIN TAN RESEARCH 

Posted On 15th May 2014 at 10.10am Singapore Time.

Calvin continues:

AS YOU CAN SEE AFTER I POSTED ON MAY 15TH 2014 WHEN ASB WAS ONLY 15 SEN WITH UNLOCKING OF ONE ASSET SALE THE PRICE OF ASB TOOK OFF AND GONE UP BY 73%

AND THE COMMENTS CONTINUE

 Posted by calvintaneng > May 16, 2014 8:25 PM | Report Abuse X

Zu 1967, 

I asked OSK Iskandar Top Boss to check up on ASB. The Hotel Cum Restaurant in France was purchased in year 2009 for about RM15 Millions. Some party has paid a down payment for this property for a Sale price of RM46.8 Millions. The deal will be completed by July 2014. 

Although there is a gross profit of about RM30 Millions the proceed of the Sales will 

1) Settle Bank Loans 
2) Reduce gearing as a result. 
3) NTA will increase by 2 cts. 

This is a brief summary from him as he is very busy with 26 Dealers & Remisiers under him. Anyway he will monitor this Stock for any further development. 

ASB has other Valuable Properties Still Not Revalued. And since price range of ASB has been around 13 Cts to 17 Cts The Price Has Not Been Goreng Up By The Market. 

I think the Gross 6 Cts Profit From The Property Sale is a positive move. By selling off a few more High Value Properties ASB will be debt free. 

If you ask me to chose between LCTH which has run up in price or ASB. I think I will opt for ASB 

Regards, 

Calvin Tan

 Posted by whkwoon > May 15, 2014 11:35 AM | Report Abuse 

We look at return not assets , high assets value no meaning unless realised. just like Kuchai high Assets low profit what for. wait till kingdom come ? may as will deploy our cash to more active growth stock. May money stuck in ASB with little return for years.

 Posted by zu1967 > May 19, 2014 10:49 AM | Report Abuse 

Calvin. Bought asb at 14.5. U are right. The stock is going to fly. Huhuhuhu

Posted by valuemaster > May 19, 2014 2:48 PM | Report Abuse 

16.5, so fast someone sapu?

 Posted by AeroJec Tan > May 19, 2014 9:22 PM | Report Abuse 

Today last 2mins clear all 0.17, tomorrow may gap up...

Posted by trader8899 > May 20, 2014 2:32 AM | Report Abuse 

This counter has been in hibernation for so long and finally smart money started to get noticed about the undervalued stock after selling some assets in France and a few corporate exercises last few years. Who is Ahmad Sebi Baker? Find out more about him and you can understand why ASB is a jewel crown that has assets all over the world and that this guy is keeping a very low profile from public eyes. 

http://ffrreeddiiee.blogspot.com/2012/07/lim-guan-eng-anwar-remains-da...

Posted by calvintaneng > May 20, 2014 2:34 AM | Report Abuse 

X

Just arrived in Singapore. Well, since no one has posted any detail about ASB's Other Highly Undervalued Properties let me give you just one example: 

In the 2012 Annual Report of ASB Under Top 10 Properties 

A Freehold Industrial Land & Building Was Purchased In Section 22, Shah Alam, Selangor In Year 2003 for RM31,909,000 

The Land size is 61,492 sq meter. 

Now let's do a simple Calculation & Then Its Valuation 

Land is 61,402 sq. meter. 1 sq meter = 10.7639 sq ft 

So 61,402 x 10.7639 = 660,924 sq ft. 

According to PROPERTYGURU MY Listing. Industrial Land With Buildings are priced between RM200 psf to RM600 psf. For Section 22 Freehold Factories & Lands They are Priced around RM580 psf. 

Let's take a very conservative figure of The Very Lowest Price at Only RM200 psf 

So 660,924 x RM200 = RM132,184,800 

Now Minus Original Purchase Price of RM31,909,000 (Year Bought 2003 - 11 years ago) 

So RM132,184,800 - RM31,909,000 = A Surplus or Profit if Sold = RM100,275,000 

Now let's divide by outstanding shares of ASB - 513,720,000 shares 

So 100,275,000 divided by 513,720,000 = 19.5 Cts 


YES THIS WILL BE THE NET PROFIT IF THE SHAH ALAM SECTION 22 LAND & BUILDING IS SOLD. 

So at Current Price of 17 cts ASB IS SELLING FAR FAR BELOW NTA AND ALSO BELOW NET CASH VALUE IF JUST ONE PROPERTY IS SOLD. 

AND THERE ARE 7 MORE VERY HIGHLY VALUABLE PROPERTIES IN ASB'S TOTAL HOLDINGS. 

NOW CAN YOU SEE WHY ASB IS FAR MORE VALUABLE THAN LCTH MANY TIMES! 

Do Your Own Due Diligence. 

Get Accountants & Valuers To Double Check What I Say Whether It's True or Not 

Regards, 

Calvin Tan 

2.30a.m. 20.05.2014 Singapore Time 

Good night.

AS YOU CAN SEE FROM THIS POST DATED MAY 20TH 2014 (MORE THAN 5 YEARS ALREADY) ASB FINALLY GOT A BUYER FOR RM124 MILLIONS (CALVIN FORECAST WAS RM132 MILLIONS: ACTUAL SELLING PRICE IS RM124 MILLIONS - A DEVIATION OF RM8 MILLIONS OR 6%) 

NOW THAT ASB HAS A 2 FOR I ICUL CONVERSION SO THE NEW PROFIT (NET) IS STILL GOOD AT 8.3 SEN

THE SUDDENLY PRICE SURGE IN YEAR 2014 WAS DUE TO 6 SEN PROFIT FROM FRENCH HOTEL SALE

THIS YEAR BY END 2019 THE SHAH ALAM LAND WILL BE SOLD FOR RM124 MILLIONS. IT SHOULD REGISTER A NET PROFIT OF 8.3 SEN BY FEB 2020 (BY THEN SOME MEDIA OR PAPERS WILL COME OUT TO RERATE ASB)

 Posted by iPlay > May 20, 2014 9:47 AM | Report Abuse 

In 1993 bull run. ASB >RM10...... But that is history!

 Posted by calvintaneng > May 20, 2014 10:27 AM | Report Abuse 

X

Iplay, 

Wow! ASB was RM10.00 in 1993 KLSE SUPER BULL RUN! 

We Are Really Fortunate to Buy ASB Below 20 cts - A Whopping 98% Discount!

Posted by calvintaneng > May 20, 2014 10:45 AM | Report Abuse 

X

Good Morning Again, 

Let's Look At Another Interesting Property By ASB 

In The Heart of Kuala Lumpur - The World Number 4 Shopping Destination according to CNN 

ASB has an 18 Storey Hotel 

Address is no. 69, Jalan Haji Hussein, 50300 Kuala Lumpur 

It is Freehold with Land Area of 3,214 sq meter 

1 sq meter is 10.7639 sq ft. So 3,214 x 10.7639 = 34,595 sq ft. 

Date of Purchase or Last Value was 25/03/2005. 

Purchase price was - RM29.077,000 

Our Hotel Cum Restaurant in France Bought in Year 2009 for RM15 Mil Was Sold For A Huge Profit of Over RM30 Mil at A Sale Price of RM46.8 Mil 

This KL Hotel Should Do Better Because: 

1) KL Is In A Property Bull Run 
2) Greater KL MRT Will Further Enhance Value 
3) The World Famous Lonely Planet Has Included Malaysia as the Top 10 Tourism Nation 
4) CNN mentioned Malaysia as World Number 4 Shopping Destination. 

After MH370 bad patch is over Chinese Tourists will flock to Malaysia again. 

SO WHAT IS THE CURRENT VALUE FOR ASB's 18 STOREY HOTEL IN THE HEART OF KUALA LUMPUR? 

Since I am typing this in Singapore I think some one from KL can definitely do a better job 

See you - leaving for Booming & Exciting Iskandar now 

Regards, 

Calvin Tan

 Posted by AeroJec Tan > May 20, 2014 5:12 PM | Report Abuse 

Welldone... good clossing 0.185 tomorrow another up day....

 Posted by calvintaneng > May 20, 2014 10:13 PM | Report Abuse 

X

asb has one very big piece of industrial property in tebrau, iskandar region. Book value is around rm27 psf. lf revalued it will add LOTS OF CASH VALUE TO ASB AND IF EDGEDAILY, FOCUS MAGAZINE, STAR OR NAN YANG SIANG PAU HIGHLIGHT IT, ASB SHARE PRICE MIGHT GO BALLISTIC

 Posted by calvintaneng > May 20, 2014 10:16 PM | Report Abuse X

THE MORE I STUDIED ASB ASSETS OF IMMENSE VALUE THE MORE I FIND IT SO UNBELIEVABLE. WHY NO RESEARCH HOUSE RECOMMEND IT, REALLY AMAZING

Posted by AeroJec Tan > May 20, 2014 10:50 PM | Report Abuse  （吉隆坡11日讯）先进协作（ASB，1481，主板贸易服务股）宣布成立联营子公司，以管理朝圣基金局（LTH）在登嘉楼的Holiday Villa酒店。  先进协作昨天在文告中指出，这项联营合约是由独资子公司Antara Holiday Villas私人有限公司（简称AHV），与TH酒店私人有限公司所签署。  此联营公司缴足资本为50万令吉，AHV持股比例为70%，另30%则由TH酒店所持有。  据了解，这家位于登嘉楼的酒店，将在2013年中旬竣工。  另一方面，AHV去年8月宣布以220万令吉，收购吉隆坡市中心一间办公楼，尾数198万令吉已在今日全数缴清，意味着收购计划已完成。  Sources: Nanyang 12 Jan 13

AeroJec Tan  136 posts

Posted by AeroJec Tan > May 20, 2014 10:51 PM | Report Abuse  （吉隆坡10日讯）先进协作（ASB，1481，主板贸易服务股）接获法国公司Maranatha献议，以3430万9500令吉脱售旗下握有巴黎产业与经营餐厅的子公司股权。  根据文告，Maranatha献议以总额4672万5000令吉，买入ASP、巴黎假日别墅Lafayette酒店（Holiday Villa Lafayette Paris，HVLP）和Legenda De Malaisie公司（LDM）的所有股权。  先进协作通过Alangka-Suka酒店与度假村私人公司（ASHR），持有Alangke-Suka巴黎公司（ASP）的70%股权，后者掌握HVLP所有股权。先进协作也通过ASHR，握有LDM所有股权。  以先进协作所持股权，集团接获的献购价为3430万9500令吉。  ASP是酒店业主，LDM为餐馆业主，而HLVP是负责经营酒店和餐馆。  Sources: Nanyang (财经 天下 2014-02-11 12:04)

Posted by trader8899 > May 21, 2014 8:29 AM | Report Abuse 

ASB potential take over target? 

ASB can be a potential takeover target with ample liquidity from the assets disposal of France properties and a free float shares of 62 percent. Based on 2012 Annual Report major shareholders hold about 38% of the share. 

In my previous article of July 28, 2013 posted on Trade Signum I had highlighted that we do not even have to evaluated the fixed assets of ASB because the current assets alone can cover for all their total debts outstandings. 

One just have to borrow RM 45-75 million to take majority control of the company. I was very surprised that it took close to a year for investors to take notice what this company is doing for the past few years. Restructuring and Reorganising. 

This counter like many said was the darling back then in 1999 when Mr. Quek Leng Chan and companies took a substantial stake in it.http://klse.i3investor.com/servlets/stk/annchsh/1481.jsp 

If that were the case, shouldn’t they have more knowledge what the shares price is worth now? 

Friends or Foes this counter is going to generate more excitements once it break the 22 sen major resistance level with volume support never seen before in the last 2 days. 

It is now high time for many analysts to take a second look at this counter that has so many business interests all over the world and in particular their undervalued properties asset. 

Just because earnings were not fantastic, this counter is only valued at RM70mio in 2013 Wakey! Wakey! Guys. RE RATE THIS COUNTER. 


-------------------------------------------------------------my posting in tradesignum in 2013...... 

Market capitalisation of ASB as at 26 July 2013 is only RM 75 mio. 

Assuming u take a loan of RM 75 mio and buy over all the shares of this company. 

Now after you have acquired the company start the assets stripping exercise. 

1. Use the Current Assets of RM 286 mio to settle all the liabilities of RM 137 mio. 

Now you still have a balance of RM 149 mio and use this to settle your initial loan of RM 75 mio. 

2. Now you have a cool RM 74 mio of Current Assets. 

3. That's not all. Take a quick look at the FIxed and Long Term Assets ,- 

Property, plant and Equip............ RM 156 mio 
Long Term Investment.................RM 69 mio 
Other Long Term Assets...............RM 11 mio 
Other Intangible...........................RM 8 mio 

So basically you are taking home over RM 318 mio or 62 sen a share without the goodwill of RM100 mio. 

This is a highly illiquid shares so patience is the virtue. 

Happy Investing! Invest at your own risk. 
by trader8899 28-Jul-2013 9:34 AM reply

Posted by trader8899 > May 21, 2014 8:46 AM | Report Abuse 

yes. all prices at 18.5 sen were immediately scooped up at the last hour of trading. Today should be another up day until it peaks at 22 sen resistance level. I believe major announcement soon because volume was never these big for the past 2 days. New potential investors on board?

 Posted by Tina Khoo > May 21, 2014 11:30 AM | Report Abuse 

Highest 0.195 drop back now to 0.180..

 Posted by calvintaneng > May 21, 2014 2:24 PM | Report Abuse X

ASB? What does A. S. B. stand for? 

Well, to punters who bought at 14.5 cts - A Sure Bet 

But To Long Term Value Investors - A Sure Buy

 Posted by asriruslan > May 21, 2014 2:39 PM | Report Abuse 

healthy profit taking

Posted by asriruslan > May 21, 2014 2:40 PM | Report Abuse 

will test 0.20 soon

Posted by whkwoon > May 26, 2014 11:05 AM | Report Abuse 

Today above RM.20 good support level , should breach RM0.25 next month if volume increased steady

 Posted by Kupiz .. > May 26, 2014 12:53 PM | Report Abuse 

aiyo regret selling on Friday

 Posted by kwl8888 > May 26, 2014 1:38 PM | Report Abuse 

Lucky managed to buy 200 lots at RM 0.205, hope afternoon continue up

 Posted by clonewar > May 26, 2014 2:39 PM | Report Abuse 

Next Target RM0.25

Posted by clonewar > May 26, 2014 3:09 PM | Report Abuse 

Now can see

 Posted by AeroJec Tan > May 27, 2014 10:40 AM | Report Abuse 

Very strong buying rate at 0.245, good sign... buy in before it shoot up... watch up contra wash...

 Posted by kwl8888 > May 27, 2014 10:40 AM | Report Abuse 

Trading suspend!

SO THE STORY GOES. 

LATE ALREADY & TIRED

OK PLEASE GO TO ASB WEBSITE & SCROLL BACK TO YEAR 2014 & SEE THE REST OF THE COMMENTS

NOTE THIS. THIS IS VERY VERY IMPORTANT

ALWAYS BUY WHEN PRICE IS LOW WHILE MANY ARE HESITATING AND DOUBTFUL & NAYSAYERS ABOUND

IF YOU GET IN WHILE PRICE IS CHEAP AND THERE IS A COMING CATALYST THEN YOU ARE SAFE. LOSSES WILL BE MINIMAL AND FUTURE GAIN SUBSTANTIAL

IF YOU ONLY GET BULLISH WHEN EVERYBODY ALSO GET BULLISH THEN THERE IS NO CERTAINTY THAT YOU WILL MAKE A PROFIT OR EVEN SUFFER A LOSS LATER WHEN MARKET CORRECTS

BEST REGARDS

Calvin Tan Research

Posted on Jun 10th 2019. Singapore

Please buy or sell after doing your utmost due diligence or keep to cash if not sure

PLUS AND THIS IS THE CATALYST FOR ASB

1) YEAR 2020 WILL BE WMY2020 (VISIT MALAYSIA YEAR) ASB WILL DIRECTLY BENEFIT ASK IT HAS 15 HOLIDAY VILLA HOTELS & RESORTS

IT ALSO SELLS TOURISM PACKAGES

2) ASSET SALE WILL BE REPORTED AS NET PROFIT OF 8.3 SEN

SEE

ADVANCE SYNERGY BERHAD ("ASB" OR "THE COMPANY") 
Proposed disposal of all that piece of freehold land held under GRN 177486, Lot 38271, Pekan Baru Hicom, Daerah Petaling, Negeri Selangor together with the buildings as well as fixtures and fittings erected and affixed thereon