THE INVESTMENT APPROACH OF CALVIN TAN
NAIM (5073) A LOOK AT NAIM AS A ROCK SOLID DIVIDEND STOCK RETURNING BACK TO ITS GLORY DAYS, Calvin Tan Research
calvintaneng
Publish date: Mon, 05 Oct 2020, 09:48 PM
calvintaneng
0 1,805
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
Tomorrow NAIM will be holding its EGM in proposal to sell two pieces of Industrial lands
Read this
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3089313
This will unlock Rm340 MILLIONS CASH
Of the Rm340 Millions (equal to 68 sen a share) Naim will give out a nice 18 sen (Rm180) per share
At 83 sen today that means 21.6% per share or if you take Bank FD rate at 1.75% it means more than 12 years of FD rate paid in One year.
Of course people said after dividend ex Naim share price will readjust to 83 - 18 = 65 sen per share
But there is a Big Game Changer Now
Because Naim still got 50 sen left for development
The lands Naim sold to Sarawak Economic Development Board will go to developing downstream methanol in Bintulu
With over Rm2.5 Billions Cash just received from Petronas Bintulu Sarawak Govt will now go into Massive Development
Great for Naim as it still has lots of Real Estate Lands here
Naim planned to build 2,500 affordable single storey houses selling from Rm300,000 each
See this example below
Naim Melrose Terraces (Sells like hot cakes)
I spoke to Mr Lee Meng Sing of Sitiawan. A housing developer friend. He estimated that cost of constructing a single storey house to be Rm70,000 to Rm80,000 (Inclusive of other charges like drainage & landscape the total cost should be Rm100,000)
Since Naim already owned the lands with low holding cost of only Rm4 psf) See this https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-08-story192653-NAIM_is_Firing_Up_on_All_Four_Engines_just_like_the_747_Jumbo_Plane_Calvin_Tan_Research.jsp
The projected profit will be Rm200,000 per unit
Multiply that with 2,500 = Rm500 Millions
That means Naim will get Rm1.00 Pure Cash Profit in 5 years (not counting further land sales, shares of Dayang & Perdana plus its construction arm)
So there will be another 20 sen extra for the next 5 years for dividend payment
So in times where USA and others are reducing Interest to zero or near zero....Naim being a good dividend payer will surely attract Dividend Funds
And no wonder
Among Top 30 Holders of Naim are both Foreign & Local Funds
Please refer to Naim Annual Report
Top 30 Holders
Pacific Pearl Fund
CITIGROUP NOMINEES UBS AG
HONG LEONG REGULAR INCOME FUND
PLASMA CAPITAL
HONG LEONG STRATEGIC FUND
GREAT EASTERN LIFE ASSURANCE
AND ONE INTERESTING NAME
12. LEE SEE JIN........... 2,417,100
At Top 12 is LEE SEE JIN (Gold) with 2.4 Million Naim shares
They have witnessed Naim's excellent dividend records of the past. Now Naim should revive its dividend payout again
See
From STOCK PERFORMANCE GUIDE By Dynaquest (End 2014 edition)
CRITICAL STOCK MARKET INFORMATION
Year Price range. DPS....... EPS
2004...2.98...4.50......6.8 sen......27.8 sen
2005...2.58...3.50......10.1 sen....31.7 sen
2006...2.89...3.66......14.4 sen....26.5 sen
2007...3.10...6.40......11 sen.......33.1 sen
2008...1.42...4.72......11.8 sen....26.7 sen
2009...1.08...3.25 ..... 8 sen........34 sen
2010...2.64...3.83......10 sen.......38.8 sen
2011...1.54....3.90.....10 sen.......18.7 sen
2012...1.64....2.39.....6 sen..........35.8 sen
2013...1.77....4.66....5 sen...........14.8 sen
2014...3.13....4.42....8 (e)............35 (e)
For years 2016 to 2019 Naim did not give out dividend & share price languished.
Now this 18 sen dividend at 83 sen will be the very best for a long long time
As of now only in i3 forum people are aware
Not for long. Tomorrow Naim after Egm will announce officially the Actual Dividend Payout
Once News Out Dividend Paying Income Funds might be drawn back to Naim again
Note:
Calvin promoted Prolexus at only 57.5 sen with a target price of only Rm1.00
See
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-05-06-story-h1506912284-PROLEXUS_8966_ProXmask_The_ProActive_High_Quality_FACE_MASK_product_of_.jsp
On friday Prolexus went Limit Up. Today it crossed Rm1.40 & settled at Rm1.29 (Don't chase Prolexus now as Bosses are sellling!!)
WILL NAIM CROSS RM1.00 & ALSO REACH RM1.40 LIKE PROLEXUS ONE DAY?
Yet to be seen
Best Regards
Calvin Tan Research
Singapore
Disclaimer
All information provided here should be treated for informational purposes only. It is solely reflecting author's personal views and the author should not be held liable for any actions taken in reliance on information contained herein.
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Discussions
1 person likes this. Showing 16 of 16 comments
See Naim cost of land only Rm4 psf
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-08-story192653-NAIM_is_Firing_Up_on_All_Four_Engines_just_like_the_747_Jumbo_Plane_Calvin_Tan_Research.jsp
2020-10-05 23:03
Very good morning all
Naim being one of the most deeply undervalue dividend stocks is now coming back to life
"Nothing is as powerful as an idea whose time has come. There is one thing stronger than all the armies in the world, and that is an idea whose time has come "
...................................Victor Hugo.
2020-10-06 07:39
CRITICAL STOCK MARKET INFORMATION
Year Price range. DPS....... EPS
2004...2.98...4.50......6.8 sen......27.8 sen
2005...2.58...3.50......10.1 sen....31.7 sen
2006...2.89...3.66......14.4 sen....26.5 sen
2007...3.10...6.40......11 sen.......33.1 sen
2008...1.42...4.72......11.8 sen....26.7 sen
2009...1.08...3.25 ..... 8 sen........34 sen
2010...2.64...3.83......10 sen.......38.8 sen
2011...1.54....3.90.....10 sen.......18.7 sen
2012...1.64....2.39.....6 sen..........35.8 sen
2013...1.77....4.66....5 sen...........14.8 sen
2014...3.13....4.42....8 (e)............35 (e)
From the above we see that Naim gave out the highest dividend of 14.4 sen for year 2006 and on that year Naim lowest price traded was Rm2.89 & the highest was Rm3.66
Surprisingly Naim reached the High Price of Rm6.40 by year 2007 because it attracted High Income Funds looking for Dividends?
And see further
Even in years of 2007/8/9 Naim continued paying out good dividends all through the Subprime Crisis Years when USA was going through The Great Recession
Now that Naim is going to resume its Good Dividend Payout Will Big Funds Sit Up and Take Notice?
2020-10-06 08:14
Just called Naim office
Proposal approved
Dividend of 18 sen as proposed!
Resounding success!!!
Clap!
Clap!!
Clap!!!
2020-10-06 11:57
Calvintaneng really a funny guy....lost so much in Netx. No thanks to your recommendation.
2020-10-06 13:53
Hahaha
Last time Calvin also promoted Kbunai at 6 sen
Then Kbunai dropped to 5.5 sen and people started to cry father cry mother
Then?
Then Kbunai kaboom brunei and was taken private for 100% upside gain.
So just wait
2020-10-06 14:12
Good morning,
Latest briefing on Dividend
1. Naim's yesterday Egm has approved all the proposals by voting
2. Sale of lands to Sarawak Economic Dev Board will now go smoothly as Sarawak Economic Dev belongs to Sarawak Govt investment arm.
Since they already received Rm2.95 Billions from Petronas the cash is already in. Can expect speedy payment
3. After payment is received will Company announce Dividend payment
4. It will be Rm90 million or 18 sen (Rm180) unchanged from proposal
5. At 81.5 sen that means 22% yield as compared to Bank FD rate at 1.75%
6. This 18 sen payment will be given within 12 months or earlier
7. You can chose to put money in Bank FD at 1.75% interest rate or keep Naim for 22% dividend yield
8. Investing in FD at 1.75 sen has a P/E of 57.14
Or it will take 57 years to double your money
At 22% Naim P/E is only 3.7
So it will double your money in only 3.7 years
That is the advantage of buying into Naim
2020-10-07 07:52
More thoughts on Naim
1. After 18 sen dividend payout Naim still got 50 sen for projects
As Sarawak Govt also received Rm2.95 billion for development there will be synergy for Naim property sale in Bintulu where the action is
2. Naim investments in dayang and perdana can sustain because they are into Ogse maintenance work
3. One more good sign is the revival of Cpo prices since Sarawak has lots of Oil Palm business
2020-10-07 14:32
Kps is ok. It gives 4.25 sen dividend
But Naim is superior
Naim is giving a spectacular 18 sen or Rm180 per share
2020-10-07 21:56
And if Kps could go to Rm5.00 then Naim can also go back to its glory day of Rm6.40 peak in year 2007
2020-10-07 21:57
VERY GOOD MORNING TO ALL AT NAIM
I ALREADY CALLED NAIM OFFICE FOR
NAIM SECRETARY MADAM ONG SIEW LIAN
1) SHE SAID THEY ARE NOW AWAITING FULL PAYMENT FOR 2 PIECES OF LAND SOLD TO SEC (SARAWAK ECONOMIC CORP)
2) ONCE RECEIVED THEN AFTER THAT NAIM WILL OFFICIALLY ANNOUNCE DIVIDEND PAYMENT
3) DIVIDEND WILL FOLLOW PROPOSALS PASSED IN EGM (READ THIS: ALL INSIDE https://www.bursamalaysia.com/market_information/announcements/company...
4) THE TIME FRAME IS 12 MONTHS BUT ALL 18 SEN (RM180 PER SHARE) WILL BE GIVEN AS PROPOSED
5) SO LET ALL DECIDE WHETHER IT IS WORTHWHILE TO INVEST
BY PUTTING MONEY IN BANK FD IS ALSO AN INVESTMENT
THE P/E OF 1.75 SEN INT RATE A YEAR IS 57.14 (OR IT WILL TAKE 57 YEARS TO DOUBLE YOUR MONEY)
FOR NAIM AT 80.5 SEN WITH 18 SEN DIVIDEND MEANS A YIELD OF 22.3% OR P/E 4.47
(IT TAKES LESS THAN 5 YEARS TO DOUBLE YOUR MONEY)
Read this https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-09-24...
2020-10-08 08:33
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calvintaneng
Prolexus up 124% from May 2020
Please don't chase Prolexus now as Insiders are selling
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-05-06-story-h1506912284-PROLEXUS_8966_ProXmask_The_ProActive_High_Quality_FACE_MASK_product_of_.jsp
2020-10-05 22:57