THE INVESTMENT APPROACH OF CALVIN TAN

ANNJOO RESOURCES UP 100% CHUN CHUN BUY CALL OF CALVIN TAN RESEARCH : CAN TAKE PROFIT SWITCH TO TAANN HOLDINGS FOR PALM OIL BULL RUN

calvintaneng
Publish date: Sat, 04 Sep 2021, 01:13 PM
calvintaneng
0 1,792
Hi Guys,

I have An Investment Approach I which I would like to all.

Dear Friends/Investors

Another Stock hit 100% Profit last week: ANNJOO RESOURCES CROSSED RM2.70 FOR 100% GAIN FROM our Buy Call At Rm1.35

See

ANNJOO STEEL - Why is it in Calvin Tan Research's Investment Radar Now, Calvin Tan

Author:    |    Publish date: 

 

 


 

Dear friends of i3 forum,

Last month I picked Sasbadi as a turnaround play

This month is Annjoo Steel

Why Annjoo Steel now of all the Steel Counters in KLSE?

These are some salient factors:

1) ANNJOO STEEL HAS FALLEN TO ATTRACTIVE VALUE OF 44% BELOW NAV

At Rm1.35 with NTA of Rm2.40 Annjoo is now selling at a nice discount of 44% (It was over Rm3.80 at one time)

So now Price is down more than 60% from peak and is considered Low & Cheap with Margin of Safety

 

2) RECENT PROJECTS AWARDED SHOW SOME DEMAND FOR STEEL

The continuation of TRX, The Pan Borneo Highway & the recent over Rm300 Millions job award for MRCB showed demand for long steel products'

Another strong booster will be the restoration of ECRL (East Coast Rail line to Tumpat in Kelantan

 

3) In Good Times Anjoo pays good dividends

See

 

So can expect dividend support if sales continue status quo

 

4) ANNJOO IS VERY TRANSPARENT

Usual AR will report Top 30 Shareholders. For Annjoo it goes the extra mile to list up to Top 50 Substantial shareholders.

I am happy to note that many Big Foreign Funds are in Top 50 of Annjoo

2 notable ones are Public Mutual Fund & Eastspring Investment Fund

I also saw Eastspring in TMakmur which was taken private.

 

5) POWERFUL EARNINGS PER SHARE (EPS)

Last 4 Qr were

6.40

3.88

11.88

10.82

Total 32.98 sen

At Rm1.35 Annjoo has a P/E of only 4.09

Now is Annjoo performance sustainable?

See next

 

6) ANNJOO IS EXPORTING STEEL TO SINGAPORE

According to i3 forum writeup...Among Masteel, Lionind and Southern Steel - Annjoo is the only one that export to Singapore Market

See

Business Background

Ann Joo Resources Bhd is primarily engaged in the manufacturing and trading of steel and steel related products. Business activity of the group is divided into two segments namely Manufacturing and Trading segment. Manufacturing segment consist of manufacturing of iron, steel and steel related products such as billets; mild steel round, angle, round, square, flat, wire rods; and black shafts; and Trading segment is involved in trading of steel products such as carbon steel, stainless steel, hardware products, building and construction materials and it also looks into the operations of steel service centers. Further, the group is also involved in investment holding and property management activity. Geographically, it operates in the region of Malaysia and Singapore.

 

And why is Singapore so important?

 

7) HUGE DEMAND FROM SINGAPORE FOR ANNJOO STEEL

Construction demand in Singapore to stay strong, reach up to $32b this year: BCA

 

Total construction demand is expected to be between $27 billion and $32 billion this year.

PUBLISHED

JAN 14, 2019, 11:42 AM SGT

SINGAPORE - Construction demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging three-year spell.

Total construction demand, which is the value of construction contracts to be awarded, is expected to be between $27 billion and $32 billion this year, despite additional cooling measures in the private property market and the delay in construction of the high-speed rail between Singapore and Kuala Lumpur last year.

Public construction demand, expected to be between $16.5 billion and $19.5 billion this year, is set to make up about 60 per cent of projected demand for the year.

An estimated $30.5 billion in contracts was awarded last year, according to the Building and Construction Authority (BCA). This is in line with the agency's estimate of between $26 billion and $31 billion for last year.

It represents a 23 per cent increase in construction demand compared with the year before, said Mr Zaqy Mohamad, Minister of State for National Development and Manpower, at the BCA-Redas Built Environment and Property Prospects Seminar which was held on Monday (Jan 14) at the Grand Copthorne Waterfront Hotel.

"Many firms have felt the pressure. Construction demand declined for three consecutive years from 2015 to 2017," Mr Zaqy said in a speech at the event, adding that the Government's move to bring forward $1.4 billion in public projects to start between 2017 and early this year has helped firms ride out the downturn.

 

Public sector demand contributed $18.4 billion last year due to projects such as civil engineering works and institutional buildings. Private sector demand was $12.1 billion, supported by projects such as the redevelopment of en-bloc sites, the sales of which were concluded in 2017 and the first half of last year.

"We have also encouraged government agencies to parcel out large infrastructure projects to create more opportunities for local firms and to diversify risk," said Mr Zaqy.

Total construction demand is estimated to be between $27 billion and $34 billion per year for 2020 and 2021, and between $28 billion and $35 billion per year for 2022 to 2023.

 

8) NO WONDER INSIDERS ARE BUYING LIKE NO TOMMORROW

 

 

Lately some stocks have been force sold at lowest prices. But generally INSIDERS cost are anywhere from Rm1.70 to over Rm3.00

SO AT THIS LOW PRICE OF RM1.35 ANNJOO IS AN OUTRIGHT BUY

 

 

BEST REGARDS

 

Calvin Tan Research

Singapore

 

 

SEPTEMBER 4TH 2021 (Latest Update & Warnings to Take Profit in Annjoo as well as all Steel Stocks

Today Annjoo closed at Rm2.85 (Up more than 100% from Rm1.35 so time to take profit on Steel)

 

WHY SHOULD WE TAKE PROFITS ON STEEL

THERE ARE WARNING SIGNS NOW FROM CLEAR NEWS

See from Singapore News

 

Troubled contractor Greatearth files to wind up company, a week after shock BTO site closures

 

 

 

 

Greatearth collapse: will more construction firms follow as reliefs and government help end

  •  
  •  

 

titan3322 More than 5 fold increase in profit EPS of 16.8 sen where can you find this type of stock in busra at this price !
30/08/2021 8:15 PM

 

More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Discussions
Be the first to like this. Showing 22 of 22 comments

calvintaneng

From TAANN FORUM


titan3322

More than 5 fold increase in profit EPS of 16.8 sen where can you find this type of stock in busra at this price !
30/08/2021 8:15 PM

X
calvintaneng Correct

Taann forward P/E only 4.1

Where to find a company in Bursa that can double your investment value in just 4.1 years ?
30/08/2021 8:24 PM

X
calvintaneng

At 4.1 P/E it translates to about 25% yield

Warren Buffet best performing years for Berkshire Hathaway only generates a yield of 20% a year. So Taann earnings can be considered exceptional
30/08/2021 8:30 PM

2021-09-04 13:30

stockraider

Correctloh...palm plantation company do not need any govt financial assistance...what the plantation people want is to allow then to quickly recruit more workers to help them to harvest more FFB & avoid wastages mah!

Plantation is a net immediate contributors to the Govt coffers mah!

By allowing plantations to speed up their recruitment drive, the govt will get more revenue from export levies & income tax loh!

2021-09-04 16:58

Michael Kwok

Excuse me,last time LGE as Finance Minister(first year) say country is bankcrupt(Why country no bankcrupt till now).Then the 1MDB case is on Najib alone(but so many involve in court cases),then tell people dun bribe(but why LGE involve in court case accepting bribe),now say SME going bankcrupt in one month.Do u believe Wht LGE say?????

calvintaneng Guan Eng reminds finance minister SMEs will collapse if remain shut for another month

https://klse.i3investor.com/blogs/savemalaysia/2021-09-04-story-h15707...


This news bad for Real Estate, Construction of shops and also bad for Banks as Banks depend on SMEs to borrow for business loans

2021-09-04 20:34

calvintaneng

As for SME going bankrupt by October this is actually old news LGE repeated from here

See

580,000 businesses face closure by October

Thursday, July 8th, 2021 at Business | News

Many businesses are now suffering ‘business fatigue’ syndrome and declining con dence, says Medac

by NURUL SUHAIDI / Pic by TMR FILE PIX

UP TO 580,000 businesses — representing 49 % of the micro, small and medium enterprise (MSME) sector — are at risk of closing down by October, Minister of Entrepreneur Development and Cooperatives (Medac) Datuk Seri Dr Wan Junaidi Tuanku Jaafar (picture) said.

He said Malaysia’s MSME sector, which accounts for close to 40% of the country’s GDP, is on the brink of collapsing should the current nationwide lockdown continue.

“If we don’t do something to help them now, I am worried that many of these MSMEs will fail and will not be around to help rebuild the economy once businesses are allowed to open.

The longer businesses are not allowed to operate, the longer it will take to recover,” Wan Junaidi said in a statement yesterday.

“It is time we look at other holistic measures on how to deal with this other than lockdown,” he added.

To make it worse, he said many businesses are now suffering “business fatigue” syndrome and declining confidence as a result of lockdown.

This illustrates the harsh reality faced by local MSMEs and he urged for remedial action on the matter.

Failure to resolve the issue and prolonged lockdown, he added, will have a terrible impact on the country’s socioeconomic landscape, affecting the rakyat’s general wellbeing and happiness.


See the link

https://themalaysianreserve.com/2021/07/08/580000-businesses-face-closure-by-october/

2021-09-04 21:10

LaoTzeAhSir

Calvin has never failed to be a classic reverse indicator. Sell what he called to buy, buy what he called to sell and you will be doing fine.

2021-09-05 17:00

ooi8888

he learned from master KYY.

2021-09-05 17:04

calvintaneng

No leh

Calvin is the pioneer

Buy call on jaks at 40 sen on December 2014 long before anyone else

Later Jaks crossed Rm1.00 Calvin told all to sell and not to chase

2021-09-05 17:13

calvintaneng

And to buy Supermax below Rm3.00 last year and told all to sell gloves this year as glut will be out from Thailand and China

2021-09-05 17:15

calvintaneng

To buy Annjoo at Rm1.35

To sell Annjoo now above Rm2.80 and not to chase but switch to palm oil now !!!

2021-09-05 17:17

calvintaneng

To buy Prestar at 43 when dirt cheap and unwanted

To sell Prestar when it turns hot and people chased over Rm1.00

And not to chase steel due to danger of non collection of receivables as construction companies might go bust

2021-09-05 17:20

Michael Kwok

Calvin do u think 480k SME will go bankcrupt in Malaysia.If yes and no,why?Do u doubt LGE statement is right or maybe he îs wrong???Please answer Calvin....

2021-09-05 19:06

Michael Kwok

Calvin stock on 6-12 month average.If got market big drops 2 years average.

2021-09-05 19:09

calvintaneng

Posted by Michael Kwok > Sep 5, 2021 7:06 PM | Report Abuse

Calvin do u think 480k SME will go bankcrupt in Malaysia.If yes and no,why?Do u doubt LGE statement is right or maybe he îs wrong???Please answer Calvin....

SMEs will face deteriorating outlook if Covid 19 persists and Lock down continues indefinitely

1) People cannot operate in Airlines, Tours and Hotels will continue to be hit hard

2) More people will hold back investments for fear of unknown

3) As profits dry up Companies cannot pay wages and will continue to retrench staff

4) Cheaper labour for lower cost industries also impacted but locals shun these lowly paid jobs. MCO lock-down prevent cheap labour to come back

5) The vicious cycle will erode the entire SMEs except for Exporting of Goods like E&E, Palm Oil, Petroleum & others which Malaysia still can compete

6) But generally it will lead to declension, downtrend & insolvencies

2021-09-05 19:23

calvintaneng

Posted by Michael Kwok > Sep 5, 2021 7:09 PM | Report Abuse

Calvin stock on 6-12 month average.If got market big drops 2 years average

YOU ARE CORRECT

Calvin buy call on OGSE took 6 months to 1 year to see 100% to 500% Upside

See in YEAR 2019 ALL CHUN CHUN UP

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-27-story-h1457099813-CARIMIN_DAYANG_PENERGY_Compare_Contrast_These_3_Bull_Stocks_of_Oil_Gas_.jsp


Same Happened to Glove Bull Run in Year 2020

After 6 months Glove shot up 500% to 1,000% for Supermax from Rm1.73 to Rm24.44

See CHUN CHUN POST

A TALE OF 3 GLOVES IN PICTURES : COMFORT GLOVE, TOPGLOVE & SUPERMAX, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-12-story-h1508760038-A_TALE_OF_3_GLOVES_IN_PICTURES_COMFORT_GLOVE_TOPGLOVE_SUPERMAX_Calvin_T.jsp

NOW LISTEN LISTEN LISTEN

Don't chase OGSE.

Don't chase Gloves!

Also cannot chase steel as well

GO AND BUY PALM OIL SHARES THE VERY BEST NOW! NOW!! NOW!!!

2021-09-05 19:38

calvintaneng

Good morning on this blessed day

Tsh Insider relentless buying at Rm1.11 mirrors that of Annjoo Insider buying when it was Rm1.35

Best is to follow insider moves as prices will be SUPPORTED BY THEIR BUYING

2021-09-06 07:16

calvintaneng

Now Insiders of Annjoo has stopped buying so we should take caution while TSH INDSIDER STILL BUYING SO WE CAN SAFELY FOLLOW

2021-09-06 07:17

calvintaneng

ANNJOO INSIDERS SELLING ARE WARNING SIGNS PRICE ALREACH VERY RICH

SO MUST SELL!!!

See


KLSE: ANNJOO (6556) ANN JOO RESOURCES BHD MAIN : Industrial Products
Last Price Today's Change Day's Range Trading Volume
2.83 0.00 (0.00%) 0.00 - 0.00 0
> Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.
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DATO' LIM KIAM LAM 01-Jun-2021 Others 133,875 - View Detail
DATO' LIM KIAM LAM 01-Jun-2021 Others 133,875 - View Detail

DATUK KAMARUDIN BIN MD ALI 27-Apr-2021 Disposed 10,000 2.665 View Detail
DATUK KAMARUDIN BIN MD ALI 26-Apr-2021 Disposed 15,000 2.733

2021-09-06 07:19

calvintaneng

And Insider Boss of TSH RESOURCES IS BUYING SHOW UNDERVALUATION

SO CAN FOLLOW HIM BUY

See

KELVIN TAN AIK PEN 03-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 02-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 01-Sep-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 30-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 27-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 26-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 25-Aug-2021 Acquired 300,000 - View Detail
KELVIN TAN AIK PEN 23-Jul-2021 Acquired 1,000,000 - View Detail
KELVIN TAN AIK PEN 22-Jul-2021 Acquired 1,000,000 - View Detail
KELVIN TAN AIK PEN 21-Jul-2021 Acquired 800,000 - View Detail
KELVIN TAN AIK PEN 19-Jul-2021 Acquired 800,000 - View Detail
KELVIN TAN AIK PEN 16-Jul-2021 Acquired 1,000,000 - View Detail
KELVIN TAN AIK PEN 15-Jul-2021 Acquired 600,000 - View Detail
KELVIN TAN AIK PEN 14-Jul-2021 Acquired 500,000 - View Detail
TAN AIK PEN 13-Jul-2021 Acquired 500,000 - View Detail
TAN AIK PEN 12-Jul-2021 Acquired 500,000 - View Detail
TAN AIK PEN 09-Jul-2021 Acquired 300,000 - View Detail
TAN AIK PEN 08-Jul-2021 Acquired 1,000,000 - View Detail
TAN AIK PEN 07-Jul-2021 Acquired 1,000,000 - View Detail
TAN AIK PEN 02-Jun-2021 Acquired 700,000 - View Detail
TAN AIK PEN 01-Jun-2021 Acquired 700,000 - View Detail
TAN AIK PEN 31-May-2021 Acquired 400,000 - View Detail
TAN AIK PEN 28-May-2021 Acquired 500,000 - View Detail
TAN AIK PEN 27-May-2021 Acquired 450,000 - View Detail
TAN AIK PEN 25-May-2021 Acquired 500,000

2021-09-06 07:21

Michael Kwok

I have ask.LGE is twisting the facts.Government wanted all staff and businesses to jabs then can open.Even the Penang Chief Minister(DAP) also say finish ur jabs with let u open but with prove(prove of 2 jabs sticking at the SME places).
Many in the previous do not get the jabs(not willing).
Now Klang Valley 85 percent above already get the 2 jabs.For me I see also Selangor and KL Covid cases average 4-5k cases compare last time 8k-10k cases.Suspect phase 2 coming.

2021-09-06 11:04

stockraider

Yes go for taann

2021-09-06 11:51

Taehyung

$1.35 for Annjoo ? when did you enter bro ??

2021-09-06 13:39

calvintaneng

Taehyung

$1.35 for Annjoo ? when did you enter bro ??
06/09/2021 1:39 PM

Annjoo buy call on February 2019 (two years up 100% or 50% per year)

I no short term punting only longer term investing.

2021-09-06 14:16

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