THE INVESTMENT APPROACH OF CALVIN TAN

KELINGTON GROUP (0151) SOME RED FLAGS IN THIS STOCK YOU NEED TO KNOW, Calvin Tan

calvintaneng
Publish date: Fri, 08 Dec 2023, 07:41 AM
calvintaneng
0 1,780
Hi Guys,

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

Dear Fellow Investors of i3 Investors' Forum,

This is a place to share views on Stocks. Some make and some will lose monies. As such please do your own due diligence

And here are some concerns if you want to buy Kelington touted by others

Just do your own examinations and own study


And here are some Red Flags


1) KELINGTON HAS HIGH RECEIVABLES IN ACCOUNTS FOR MANY QUARTERS


See


Below are extracts from Bursa Website Past Quarterly Reports of KGB

KELINGTON GROUP BERHAD ("KGB")

[Company No. 199901026486 (501386-P)]

Statement of Profit or Loss and Other Comprehensive Income


For The 2nd Quarter Ended 30 June 2022

Trade receivables Rm325,044,000

Other receivables Rm37,469,000

Total Receivables or IOU = Rm382.513 Millions


 The 3rd Quarter Ended 30 September 2022

Trade receivables Rm343,453,000

Other receivables Rm68,075,000

Total IOU = Rm411.528 Millions

 31 December 2022

Trade receivables Rm384,641,000

Other receivable Rm80,805,000

Total IOU: Rm465.446 Millions


 31 March 2023

Trade receivables Rm334,890,000

Other receivables Rm102,703,000

Total IOU : Rm437.593 Millions


30 June 2023

Trade receivables Rm321,366,000

Other receivables Rm85,460,000

Total IOU: Rm406.826 Millions


 Quarter Ended 30 September 2023

Trade receivables Rm380,369,000

Other receivables Rm81,049,000

Total IOU : Rm461.418 Millions


Above shows persistent delay of Full Payments for Work Done by many quarters

How much of these sums will turn into bad debt?


 
2. WHILE WE SEE HIGH REVENUE & HIGH RECEIVABLES (IOU) WE SEE LITTLE REAL NET CASH


KELINGTON GROUP BERHAD ("KGB")

[Company No. 199901026486 (501386-P)]

Statement of Profit or Loss and Other Comprehensive Income

For The 2nd Quarter Ended 30 June 2022


Fixed deposits with licensed banks Rm20,549,000

Cash and bank balances Rm61,828,000

Total CASH = Rm82.377 Millions


Now SEE DEBT

Long-term borrowings 20,710

Short term borrowings 108,698

Total Debt Rm129.399 Millions

Cash less debt = Rm47 Millions (Debt)


AND FAST FORWARD TO LATEST QUARTER


Fixed deposits with licensed banks Rm30,793,000

Cash and bank balances Rm190,062,000

Total cash Rm220.885 Millions


Now see debt

Long-term borrowings B8 (b) Rm56,160,000

Short term borrowings B8 (b) Rm160,071,000

Bank Overdraft Rm2,241,000

Higher purchase payable Rm4,319,000

Total debt Rm222.791 Millions

Debt Less Cash = RM1.9 Millions (Debt)

After 6 QTRS KELINGTON NET CASH ACCOUNT STILL IN THE RED?


 



3. TOTAL RECEIVABLES/ASSETS VERSUS TOTAL PAYABLES/LIABILITIES

Quarter Ended 30 September 2023

Contract assets Rm162,939,000

Trade receivables Rm380,369,000

Other receivables Rm81,049,000


TOTAL TO BE COLLECTED


 = Rm624,357 Millions



Contract liabilities Rm255,820,000

Trade payables Rm188,949,000

Other payables and accruals Rm62,426,000


TOTAL TO BE PAID OUT


= Rm507.015 Millions


NET CASH IF ALL THINGS COLLECTED & PAID

= Rm117,3 Millions

How much cash ?


ABOUT 18 SEN


WITH ALL THE HOOHA, FANFARE AND NOISE KGB EVEN IF IT COULD TURN ALL RECEIVABLES INTO PURE CASH MINUS ALL DEBT IS ONLY A MERE 18 SEN


AND THE PRICE RISE?




4. NOW SEE SOME RED FLAGS

by right RECEIVABLES AFTER ONE YEAR WILL BE TURNED INTO BAD DEBT

SEE


12 Trade Receivables

Not past due 30.9. 2023 = Rm354,835,000

Credit impaired Rm12,156,000


above we see after 18 months still got Rm354.8 Millions in IOU not past due

only Rm12.1 Millions are bad debt written off


Do we have a past precedent example?


Yes


Refer 

KELINGTON GROUP BERHAD ("KGB")

(Company No. 501386-P)

Statement of Profit or Loss and Other Comprehensive Income

For The 3rd Quarter Ended 30 September 2018


now see VERY VERY CAREFULY

30 SEPTEMBER 2018 BALANCE SHEET


12 TRADE RECEIVABLES

The ageing analysis of the Group's gross trade receivables is as follows:


Not past due 30.9.2018 Rm35,634,000

- over 1 year Rm15,102,000


there you see


total receivables was Rm35.6 Millions


Over 1 year not collected was Rm15.1 Millions (Impaired)


THAT IS Rm15.1 mil divides by Rm35.6 Millions


= 42.4% BAD DEBT

42,4% IS A TERRIBLE AMOUNT


NOW IF KGB DID NOT MANAGE TO COLLECT PAST RECEIVABLES DO YOU THINK THEY CAN COLLECT ALL FUTURE RECEIVABLES (IOU)??


5. EXPANDING BUSINESS INTO CHINA AT A TIME OF TOUGH BUSINESS CONDITION IS UNWISE

AS WE KNOW NOW CHINA REAL ESTATE LIKE EVERGRANDE AND COUNTRY GARDEN IN TROUBLE IMPACTING ALL BUSINESSES ACROSS THE BOARD

EVEN JACKMA'S ALIBABA FACE DWINDLING SALES


6. EXPANSION INTO SINGAPORE IS ALSO A VERY VERY TOUGH MARKET

IN SINGAPORE THERE ARE MANY ENTRENCHED SET UPS NOW CONTROLLING THE MARKET TIGHTLY

TO BREAK INTO THIS MARKET IS VERY DIFFICULT


SEE WKS INDUSTRIAL GAS SINGAPORE


About WKS Industrial gas (Singapore)

WKS was founded in 1977, and was originally known as Wong Kok Seng Trading Company. After a period of intense growth, the company took on a new name of WKS Industrial Gas Pte Ltd in 1989 and shifted to a new site at Bukit Batok Industrial Park.

The turn of the millennium saw a major step forward for WKS as it established itself as a firm leader in the industrial gases market. In 2003, WKS moved to a sprawling 65,000 sq. ft. site in Tuas and a year later was awarded the prestigious ISO 9001:2000 certificate (now ISO 9001:2008) for outstanding management practices and quality products.

WKS has also been certified by Workplace Health and Safety Council as a BizSAFE STAR company as a result of our strong emphasis on safety. We have also been awarded OSHAS 18001 : 2007 as well Culture Safe.

With a dedicated staff force, state-of-the-art technology for testing and refilling of cylinders, as well as our own gas production plant, WKS certainly has the capabilities to meet your business and industrial needs.


MISSION

With only the highest quality products and safety standards, we aim for competitive prices coupled with efficient deliveries and excellent service, in order to satisfy all the gas needs of our customers.

VISION

We aim to be the leading player of the gas industry, earning a golden reputation for service, quality and reliability.


And there are dozens more such outstanding Industrial Gas Companies in Singapore as well

How to compete with World Class Singapore Home Grown Companies?


7. THE RED FLAGS OF BUSINESSES SHROUDED IN SECRECY

All the Projects Awarded do not have names of the Awarding Parties

Being a Publicly Listed Company it should be transparent


See


OTHERS KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY") - AWARD OF CONTRACT WORTH ABOUT RM420 MILLION

KELINGTON GROUP BERHAD
Type
Announcement
Subject
OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY")

- AWARD OF CONTRACT WORTH ABOUT RM420 MILLION

The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn Bhd (“KTSB”), a wholly-owned subsidiary of Kelington had on 14 September 2021 received an award of contract from a manufacturing company at Sama Jaya Free Industrial Zone in Kuching to undertake the construction work with respect to their Sarawak Expansion Project (“the Contract”). The manufacturing company is owned by a US multinational company, a world leading developer, manufacturer, and provider of data storage devices and solutions.

 

The Contract value is worth about RM420 million subject to the actual amount of works carried out, depending on variation orders, scope options and value engineering. The works shall commence in mid-September 2021 and expected to be completed by 31 December 2022.

 

The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years 31 December 2022 and 31 December 2023. 


WHAT IS THE NAME OF THE COMPANY IN KUCHING?

Not mentioned

It only stated a manufacturing company


Now see HOW PROPER ANNOUNCEMENTS ARE DONE IN BURSA



OTHERS NEW CROSS ISLAND LINE PHASE 2 (CRL2): DESIGN AND CONSTRUCTION OF WEST COAST STATION AND TUNNELS (CR209) ("WEST COAST STATION & TUNNEL PROJECT")

GAMUDA BERHAD
Type
Announcement
Subject
OTHERS
Description
NEW CROSS ISLAND LINE PHASE 2 (CRL2):

DESIGN AND CONSTRUCTION OF WEST COAST STATION AND TUNNELS (CR209) ("WEST COAST STATION & TUNNEL PROJECT")

The Board of Directors (“Board”) of Gamuda Berhad [Co. Regn. No. 197601003632 (29579-T)) (“Gamuda” or “Company”) wishes to announce that its Gamuda Berhad Singapore Branch (Registration No. T16FC0151A) (“GBSG”) has been awarded the design and construction of West Coast station and tunnels by the Land Transport Authority of Singapore (“LTA”) on 6 December 2023.

 

name is given

Land Transport Authority of Singapore (“LTA”)


see more



PANSAR BERHAD
Type
Announcement
Subject
OTHERS
Description
LETTER OF ACCEPTANCE ON CONTRACT FOR THE PROPOSED CONSTRUCTION AND COMPLETION OF THE SARAWAK COASTAL ROAD REMAINING WORKS FOR PACKAGE D2A: PROPOSED CONSTRUCTION AND COMPLETION OF APPROACH ROAD FOR THE PROPOSED BATANG LUPAR BRIDGE, SAMARAHAN/BETONG DIVISON ("THE PROJECT")

The Board of Directors of Pansar Berhad ("Pansar") is pleased to announce that Perbena Emas Sdn Bhd, a wholly owned subsidiary of Pansar has received a Letter of Acceptance today from Jabatan Kerja Raya Sarawak for the Proposed Construction and Completion of the Sarawak Coastal Road Remaining Works for Packaged D2A: Proposed Construction and Completion of Approach Road for the Proposed Batang Lupar Bridge, Samarahan/Betong Division ("the Project"), with a contract value of Ringgit Malaysia One Hundred Seven Million and Five Hundred Thousand Only (RM107,500,000.00).

 again name is given

 Letter of Acceptance today from Jabatan Kerja Raya Sarawak


how come all belows no name??

opaque and non transparent at all??



KELINGTON GROUP BERHAD
Type
Announcement
Subject
OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY")

- AWARD OF CONTRACTS WORTH APPROXIMATELY RM102 MILLION

The Board of Directors of the Company is pleased to announce that Kelington Engineering (Singapore) Pte. Ltd., a wholly-owned subsidiary of Kelington had on 26 April 2023, received award of Ultra High Purity ("UHP") contracts to design and build the chemical delivery system as well as to design and install of process utility main line and hookups in Singapore (“Contracts”).

The Contracts were awarded by a global leader in high-tech filtration, separation and purification.

This is Kelington’s first contract to supply a fully customised chemical delivery system to customer. In addition, the UHP equipment for this project will be fabricated and supplied by the Group’s wholly-owned indirect subsidiary, KE System Integration (Chuzhou) Co., Ltd in China. This demonstrates that the Company’s in-house fabricated equipment is recognised and certified for use in an advanced production facility.

The Contracts value are worth approximately RM102 million, commencing in April 2023 and are expected to be completed by March 2024.


WHO IS THAT GLOBAL LEADER??


KELINGTON GROUP BERHAD




Type
Announcement
Subject
OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY")

- AWARD OF CONTRACT WORTH APPROXIMATELY RM170 MILLION

The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn. Bhd., a wholly-owned subsidiary of Kelington had on 9 January 2023, received an award of contract from a global supplier of micro-electronic semiconductor solutions to undertake the construction work which includes architectural and structural works, civil works, mechanical and electrical works, and other process utility work with respect to their integrated chip manufacturing facility at Sama Jaya Free Industrial Zone in Kuching (“the Contract”).

The Contract value is worth approximately RM170 million, subject to the actual amount of work carried out, depending on variation orders, scope options and value engineering. The said construction work shall commence in January 2023 and is expected to be completed by March 2024.


And WHO IS THAT GLOBAL SUPPLIER??



KELINGTON GROUP BERHAD
Type
Announcement
Subject
OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY")

- AWARD OF CONTRACT WORTH APPROXIMATELY RM330 MILLION

The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn Bhd, a wholly-owned subsidiary of Kelington had on 5 September 2022, received an award of contract from the world leader in semiconductor solutions to undertake the bulk and specialty gas system distribution works in Kulim (“the Contract”).

The Contract value is worth approximately RM330 million. The bulk and specialty gas system distribution works shall commence in September 2022 and are expected to be completed by September 2024.

a world leader
a world leader??


KELINGTON GROUP BERHAD
WHO?  another world leader?  


Type
Announcement
Subject
OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY")

- AWARD OF CONTRACT WORTH APPROXIMATELY RM117 MILLION

The Board of Directors of the Company is pleased to announce that Kelington Engineering (Singapore) Pte. Ltd., a wholly-owned subsidiary of Kelington had on 4 August 2022, received an award of contract from a Customer in Singapore who is the leader in the design, engineering, and delivery of major complex projects and facilities for high-tech industries  to undertake the bulk and specialty gas system distribution works for a world leader in innovative memory solutions’ 
fabrication facilities in Singapore (“the Contract”).

a Customer in Singapore who is the leader???


  



WE HAVE PRESENTED THE FINDINGS

Let everyone study & decide

Best and kind regards

Calvin Tan

Please buy or sell after doing your own due diligence

Or Consult your Remisier, Accountant or Fund Manager

























 

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3 people like this. Showing 50 of 76 comments

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Lapsap , longkang fella ___ cal vin 1.. Do not look down the Malaysian Police in Bukit Aman , Kuala Lumpur as you may think by hiding in the longkang , West Jurong __ it is fine 2. You had been testing the Malaysian Authorities , one too many times , well you will know the full arm of the Malaysia Law is not far away for you lapsap , longkang fella . 3. Every where you will deposit all your rubbishes in Banking Sector , Industrial Sector , Technology Sector ___ do not underestimate and look down on the Malaysian Authorities , especially we have very committed Deputy I G P ?

Dato Ayob Khan who had make his good name in Johore as the previous CPO , Johore

Police career
Ayob Khan joined the police force in 1993 at the age of 27. He served as Director of the Bukit Aman Criminal Investigations Department (CID),
[2] Director of the Bukit Aman Narcotic Crime Investigation Department (NCID),

[3][4] Johor Police Chief[5][6] and

Head of the Bukit Aman Special Branch Counter Terrorism Division (E8) prior to his promotion to the DIG.

Head of Bukit Aman Special Branch Counter Terrorism Division (E8) (2013–2019)
Operations against terrorist and militant groups

2 months ago

calvintaneng

A stock without strong fundamental but pushed up temporary by flimsy accounting can just collapse suddenly without warning

After telling Pang72 to sell gpacket at Rm1.60
They even pumped gpacket to Rm1.90
Then it suddenly collapsed without warning to Rm1.50
Then to Rm1.20
Then 90 sen
Then plummeted to 50 sen, 20 sen and finally below 10 sen

Better get out early than late

2 months ago

chon99

calvintaneng,
Why don't you speak about your own mistakes?

2 months ago

chon99

calvintaneng,
Why criticize other stocks if you sometimes also make mistakes. Are you always right? Are you perfect ?

2 months ago

calvintaneng

No Chon99

I am here to warn innocent people becoming a victim of Blind_Research telling naive people to sell the rock solid Tsh to buy the flimsy Kgb

A kind deed done

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

enigmatic [bamboo investing style]

Someone pls notify Kelington Group Legal to send a warning Letter to Calvin Tan. Otherwise, he won't stop posting such malicious articles.

2 months ago

calvintaneng

enigmatic

nothing malicious at all

all these are true facts every honest person can read and decide for themselves

yes the real malicious guy is SEE_Research

go warn him

2 months ago

calvintaneng

Posted by calvintaneng > 53 minutes ago | Report Abuse

Rcecap buy call

27.5 sen

it gave capital exercise 7.5 sen cash payment and 4 to one

so 27.5 sen less 7.5 sen

equals 20 sen
and 20x 4 = 80 sen cost

today Rcecap is Rm2.99

up a whopping 373%

another Chun Chun call

all in all made 1000% in 10 years or 100% per year

2 months ago

firehawk

Make some money from this counter, but will take note of the mentioned drawbacks .....

SEE_Research,
could you put your posts in more organised and readable manner, i feel quite difficult to read and most of the times, have to skip ......

2 months ago

Chang Keit Siong

Posted by firehawk > 4 minutes ago | Report Abuse

Make some money from this counter, but will take note of the mentioned drawbacks .....

SEE_Research,
could you put your posts in more organised and readable manner, i feel quite difficult to read and most of the times, have to skip ......

^

I agree

2 months ago

calvintaneng








firehawk

Make some money from this counter, but will take note of the mentioned drawbacks .....

SEE_Research,
could you put your posts in more organised and readable manner, i feel quite difficult to read and most of the times, have to skip ......


SEE BODOH MIND VERY DISORIENTATED AND CANNOT THINK STRAIGHT

Posted by OTB > 2 days ago | Report Abuse

No point to continue argue here.
I just hope that all people here must be professional, no personal attack.
In actual fact, it is so difficult to read all the information here.
I just piece off, I sold all the stocks today in this forum to take my big profit here.
Please continue to argue and fight so that the share price can drop further, the best is limit down.
Please be professional, overall you must make a lot of money.
Argue without facts and figures will not make you super rich.
Ask yourself honestly, do you make million even you win the argument or fight ?
Will your bank account showed million profit so far ?
Please stop all the arguments, post your articles with facts and figures, I like to read all facts and figures to justify your selection.
Thank you.

2 months ago

calvintaneng

Posted by OTB > 2 days ago | Report Abuse

I just hope that all people here must be professional, no personal attack.
In actual fact, it is so difficult to read all the information here.

bodoh people attack others cause OTB to leave

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

Hew Kiong Peng George

Potential to become serbark no2. Haha

2 months ago

calvintaneng

Serba2?
😲

There is a 50/50 chance if Kgb unable to collect its Receivables plus its Payables depletes all cash later

People in Serba were in denial and diversion.
PearlWhite defended fiercely for Serba just like this Blind_Researcg so mad now

At least PearlWhite concorted some defensive arguements on behalf of Serba but this Blind_Research whining and screaming and crying like a baby

Go find some real facts

Go ask them do a thorough break down of all Receivables one by one

Go ask for disclosure of all names of Awarding parties if they exist

Nothing to hide if it is now listed publicly

Bursa and SC also got the right to know

After Serba debacle there should be more stringent reporting by publicly listed companies

Or else even Banks will suffer with cheated investors

6 banks are now sueing Serba to recover whatever losses while shareholders lost everything

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

calvintaneng

James 3:8-10 KJV
but the tongue can no man tame; it is an unruly evil, full of deadly poison. Therewith bless we God, even the Father; and therewith curse we men, which are made after the similitude of God. Out of the same mouth proceedeth blessing and cursing. My brethren, these things ought not so to be.

2 months ago

Ravi1969

Thank you for your concern Calvin getting a bit tired about your behavior

2 months ago

xiaoeh

Agreed
i has been admiring Calvin for his persistent contribution for providing facts and figure for plantation stocks.
but his subsequent posts irrelevant contents are insane.

Come back to where you are Calvin.

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

SEE_Research

Post removed.Why?

2 months ago

calvintaneng

Not irrelevant but vital warnings for your utmost safety

2 months ago

SEE_Research

Post removed.Why?

2 months ago

calvintaneng

This real cheater is SEE(BLIND,) RESEARCH WHO MADE DIRTY MONEY BY PUSHING AND PUSHING TSH AND SLYLY SOLD ALL

THIS "UNCLEAN" MONEY GOD CANNOT BLESS

AS FOR US WE HOLD TSH TIGHTLY WITH INTEGRITY

22 minutes ago



calvintaneng

See the definition of the word "CHEAT"

cheat
/tʃiːt/
verb
1.
act dishonestly or unfairly in order to gain an advantage.

EXACTLY

SEE_RESEARCH TOLD ALL TSH IS

T = Tenacious
S = Samson
H = Hercules

will reach Rm2.00

THEN SOLD ALL HALF WAY TOI MAKE SOME "DIRTY MONEY" BY TELLING PEOPLE TO BUY SO HE SOLD GET GAIN

WE STILL HOLDING AND BELIEVING

noun
a person who behaves dishonestly in order to gain an advantage.

CHEAT | English meaning - Cambridge Dictionary

Cambridge Dictionary
https://dictionary.cambridge.org › dictionary › cheat
to act in a way that is dishonest, or to make someone believe something that is not true in order to get something for yourself:.

THIS SEE_RESEARCH NOW REVEALED HIS TRUE COLOR

HE DID NOT BELIEVE TSH WILL REACH RM2.00 AS HE STRONGLY PROMOTED MORE THAN 15 TIMES

VERY VERY VERY SLY AND DISHONEST NOW TO CONDEMN WHAT HE PRAISED AT FIRST

A REAL CHEAT BY DEFITION

CHEAT | English meaning - Cambridge Dictionary

Cambridge Dictionary
https://dictionary.cambridge.org › dictionary › cheat
to act in a way that is dishonest, or to make someone believe something that is not true in order to get something for yourself:.

https://sgx.i3investor.com/blogs/Jbhouseforsale/2022-06-26-story-h49563256-TO_CATCH_A_SNAKE_CALLED_SEE_RESEARCH_SNAKE_MASQUERADING_AS_EAGLE_PSAi3ale.jsp

0 seconds ago


calvintaneng

51,751 posts

Posted by calvintaneng > 0 seconds ago | Report Abuse

Totally mentally unsound this SEE(BLIND) RESEARCH

WE STILL HOLDING TSH

UNLIKE YOU WHO TOLD ALL TO CHASE TSH TO RM2.00

THEN SLYLY SOLD ALL AND THEN NO SHAME AT ALL
TURN TO CONDEMN TSH WHICH YOU SAID WILL REACH RM2.00





calvintaneng

This real cheater is SEE(BLIND,) RESEARCH WHO MADE DIRTY MONEY BY PUSHING AND PUSHING TSH AND SLYLY SOLD ALL

THIS "UNCLEAN" MONEY GOD CANNOT BLESS

AS FOR US WE HOLD TSH TIGHTLY WITH INTEGRITY

22 minutes ago



calvintaneng

See the definition of the word "CHEAT"

cheat
/tʃiːt/
verb
1.
act dishonestly or unfairly in order to gain an advantage.

EXACTLY

SEE_RESEARCH TOLD ALL TSH IS

T = Tenacious
S = Samson
H = Hercules

will reach Rm2.00

THEN SOLD ALL HALF WAY TOI MAKE SOME "DIRTY MONEY" BY TELLING PEOPLE TO BUY SO HE SOLD GET GAIN

WE STILL HOLDING AND BELIEVING

noun
a person who behaves dishonestly in order to gain an advantage.

CHEAT | English meaning - Cambridge Dictionary

Cambridge Dictionary
https://dictionary.cambridge.org › dictionary › cheat
to act in a way that is dishonest, or to make someone believe something that is not true in order to get something for yourself:.

THIS SEE_RESEARCH NOW REVEALED HIS TRUE COLOR

HE DID NOT BELIEVE TSH WILL REACH RM2.00 AS HE STRONGLY PROMOTED MORE THAN 15 TIMES

VERY VERY VERY SLY AND DISHONEST NOW TO CONDEMN WHAT HE PRAISED AT FIRST

A REAL CHEAT BY DEFITION

CHEAT | English meaning - Cambridge Dictionary

Cambridge Dictionary
https://dictionary.cambridge.org › dictionary › cheat
to act in a way that is dishonest, or to make someone believe something that is not true in order to get something for yourself:.

https://sgx.i3investor.com/blogs/Jbhouseforsale/2022-06-26-story-h49563256-TO_CATCH_A_SNAKE_CALLED_SEE_RESEARCH_SNAKE_MASQUERADING_AS_EAGLE_PSAi3ale.jsp

2 months ago

SEE_Research

Post removed.Why?

2 months ago

calvintaneng

The Best is to buy when there is maximum pessimism when every body gives up

And certainly the best time to sell is during euphoria when People Chase It; Newspapers highlight it; Analysts strongly recommend it

5% who bought value stock in Fear better than 95% buying during peak euphoria and will live to regret staying in penthouses

2 months ago

SEE_Research

Post removed.Why?

2 months ago

KeepMoving

SEE you at RM2.5

2 months ago

calvintaneng

Sure

Ifca also moved from Rm1.20 to Rm1.80

Then crash 3 times limit down to below 50 sen

Serba even crossed Rm2.20 and now only 2 sen

Mmag and gpacket, and jaks and sendai all pushed high high and now fallen low low

After the pump will come the dump

Better don't overstay

2 months ago

KeepMoving

bla bla bla

2 months ago

calvintaneng

paperplane2016 whenever Calvin post a doubt post, you better watch out.
so far his call on problems hit 100% correct!!
Too bad we cant sell short, else he is 100 times richer!
31/10/2016 11:56

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2016-12-18-story-h1449597130-What_other_i3_investors_forum_members_said_about_Calvin_Tan_unsolicited

2 months ago

moneySIFU

Thanks for sharing your findings, Mr Calvin.

It worth to take closer look & make deeper analysis in financial info and reports.

If anyone do not agree, pls show your works of analysis to proof otherwise.

It is good to have real discussions with solid financial supports and to enable others to make better and informed investing decisions

2 months ago

moneySIFU

I miss our brother paperplane, not sure where is he now?

Probably earning enough to retire and enjoy life now

2 months ago

moneySIFU

Huge and consistent accumulating long overdue receivables over a long period of time are always an alarming signal to me

2 months ago

daretocutandchange

difference sectors and clients,the risk also difference too

2 months ago

calvintaneng

Bubble bursting every where

Stay safe in 🌴🌴🌴

This industry now got over 90% gross profit margin

1 month ago

calvintaneng

now see VERY VERY CAREFULY

30 SEPTEMBER 2018 BALANCE SHEET



12 TRADE RECEIVABLES

The ageing analysis of the Group's gross trade receivables is as follows:



Not past due 30.9.2018 Rm35,634,000

- over 1 year Rm15,102,000



there you see



total receivables was Rm35.6 Millions



Over 1 year not collected was Rm15.1 Millions (Impaired)



THAT IS Rm15.1 mil divides by Rm35.6 Millions



= 42.4% BAD DEBT

42,4% IS A TERRIBLE AMOUNT



NOW IF KGB DID NOT MANAGE TO COLLECT PAST RECEIVABLES DO YOU THINK THEY CAN COLLECT ALL FUTURE RECEIVABLES (IOU)??

1 month ago

calvintaneng

moneySIFU

Huge and consistent accumulating long overdue receivables over a long period of time are always an alarming signal to me

1 month ago

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