THE INVESTMENT APPROACH OF CALVIN TAN

PBA (5041) What Lessons I Received Plus 3 More: KPS, THPLANT & JAYA TIASA, Calvin Tan sharing

calvintaneng
Publish date: Thu, 18 Jan 2024, 01:47 AM
calvintaneng
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Hi Guys,

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

Dear friends of i3 Forum

Many naysayers harped that Calvin promoted hundreds of Stocks and many went to holland

Of course it is a generalization with no proof at all. Except for a few Most of Calvin's stocks with Deep Deep Value later emerged to be Champions

Yes!

Today with so many Stocks collapsing & 5 stocks gone LIMIT DOWN - PBA Shines Brightly

PBA ENDED AS TOP GAINER DUE TO NEWS OF 22 SEN WATER TARIF INCREASE


See our posts on PBA long ago


Posted by calvintaneng > 2014-01-24 00:31 | Report Abuse

Dow Jones Fell 180 points? Or Crash 1.000 points?

No Problem for PBA. Water is A NECESSITY.

Drinking water, brushing teeth, bathing & washing clothes IS A MUST IN LIFE

RECESSION PROOF!

Above posted on 24, January 2014 (Almost 10 years ago!)


Posted by calvintaneng > 2014-01-25 09:16 | Report Abuse

WOW! DOW JONES CRASHED OVER 300 POINTS! SO WHAT?

WATER IS A NECESSITY!

Most Living Organism has 90% body. When a baby is born he has within his body 78% water. A man has 60% water content in his body constitution.

His brain & heart compose of 73% water.

The lungs are 83% water

Skin has 64% water

Muscles & kidney 79% water

Even the bones are watery with 31% water.

Water in his blood help to transport nutrients to all parts of the body

Water also enables the transport of waste and discharge as faeces or urine

Water is ESSENTIAL TO LIFE ON PLANET EARTH. As Long As Man Exists Man Needs Water.

As Water IS A NECESSITY. Even IF DOW JONES CRASHED TO ZER0 (Of course it's impossible)

PBA Will Still SURVIVE!


 Posted by TheOneZ > 2014-01-25 11:18 | Report Abuse

Calvin Tan

Is there will be weakness on coming Monday for PBA?


 Posted by calvintaneng > 2014-01-25 11:41 | Report Abuse

TheOneZ,

Mr. Market has discovered Silk but not PBA. So can safely buy PBA on weakness. Sames goes for PM Corp & MUI Berhad


(SILK BOUGHT BELOW 40 SEN JUMPED TO RM1.18 (UP 200% THEN)

Later only we know Kajang - Selangor Toll did poorly


 Posted by TheOneZ > 2014-01-25 12:03 | Report Abuse

Calvin Tan

Is PBA current price at 1.17 which is half of its NTA still a value buy?Is it safe to buy it at 1.17?

Thanks.


Posted by calvintaneng > 2014-01-25 12:11 | Report Abuse

Safe but you will make more if you can buy PBA on weakness below Rm1.15 to 85 cents. Always try to buy low. Once share prices fly away like Silk, datasonic, TN Logis, Takaful, Iris, Hap Seng, Ho Hup, GHL, AeonCredit or others in Bubble Territories DON'T CHASE ANYMORE.

Better keep Cash and Wait. Warren Buffet wait stoically for ages until share price he likes CRASHED!! Then he went in and SCOOP UP! And when shares go into OVERVALUATION he COMPLETELY SOLD ALL.

Return OF capital is more important than return ON capital for Year 2014.


Posted by calvintaneng > 2014-01-26 09:45 | Report Abuse

Lepeng85 & CityTrader,

PBA Is A Stock With A Bond Nature.

Downside Is Very Limited By:

1) PBA Being A Monopoly Has The Strongest InBuilt Defense Against Any Downturn

2) PBA Distributes WATER - A Non-Cyclical Commodity. Business is constant.

3) PBA Has Pricing Power To Deflate Losses. Can Increase Price Anytime.

Possible Upside

1) The Opening of Batu Kawan With IKEA & Others Will Be The Greater Penang For Growth.

2) PBA Has Raised Water Tariff To Increase Revenue & Profit

So PBA Is A Safe Buy With A Potential For Price Appreciation.

There Are Very Few Counters Like PBA That Can Withstand The Onslaught Against A SWEEPING FINANCIAL TSUNAMI ENVELOPING THE WHOLE WORLD!


 Posted by TheOneZ > 2014-02-11 22:23 | Report Abuse

Calvin Tan

You are right in directing people to the fundamentals counters!

You had commented that SILK will DOUBLE IN PRICE in no time and it REALIZED!So whats your TP for PBA?

Regards


 Posted by calvintaneng > 2014-02-12 13:09 | Report Abuse

TheOneZ,

Since NTA is over RM2.00, PBA fair value should be RM1.30 to RM1.50.

If in BN hands PBA might cross over RM2.00. Since our Friend DAP has to take care of voters. Expect a fair price with good dividend support.

If KPS and PUCAK problems are resolved they should trade at RM3.00 & RM5.00 by now.


 Posted by calvintaneng > 2014-02-27 02:20 | Report Abuse

Tjhldg,

Very Good! You have a Rock Solid PBA in hand. Buy JAKS tomorrow. JAKS WILL BE THE FOCUS OF LANGAT 2 WATER TRANSFER PROJECT.


Note: After SILK made 200% Jaks was recommended at 40 sen

And Jaks jumped to Rm1.00 when we sold all. After that appeared Uncle KYY and pushed Jaks to Rm1.90

Amazing stock fever indeed. Calvin completely out!

(Jaks was supposed to be Water Theme Play due to Langat 2 with its 6 feet Water Diameter Pipes. Instead Jaks went astray to play Viet Power Plant


 Posted by calvintaneng > 2014-04-17 20:06 | Report Abuse

Very good,

Today PBA finally hit my target price of RM1.50

With increase of water tariff will PBA move on upward? That depends on whether PKR decides to reward shareholders or benefit Penang rakyat to fish for votes.

Hope they will increase dividends to benefit shareholders. If so price should continue to go




Now Some Lessons

1. KPS

KPS is also a Water Theme Play

As PBA serves Penang KPS serves Selangor Water

Water tarif increase good for PBA will also be good for PBA as well


April 25, 2019 By Calvin Tan Smart Investment

Hi guys,

I am happy to bring you KUMPULAN PERANGSAN SELANGOR (5843) A State Owned Highly Super Charged & Proactive Management

STATE OWNED ENTITIES PERFORM WELL DUE TO THEIR PRIVILEDGES & OPPORTUNITIES

Last time there were Johor Land (Taken private by Johor Corp for its prime lands), TMakmur (Privatised by Pahang Govt) for its Lands, bauxide & Palm Oil). Now got TDM (Hospitals & Oil Palms in Trengganu)

BDB (Kedah went limit up after Tun Dr M injected Rm3 Billions for Airport). Then we have the thieving management of Perak Corp


BUT CALVIN TAN RESEARCH THINKS KUMPULAN PERANGSAN SELANGOR HAS THE BRIGHTEST PROSPECT WITH THE MOST PROACTIVE LEADERSHIP

Why so?

Kumpulan Perangsang Selangor consists of 3 words

Kumpulan = Group or Grouping (A Colective Leadership)

Perangsang = Stimulant ( pro active, motivated, energised)

Selangor = Selangor Govt owns 63% of KPS

SO THE SELANGOR GOVT HAS A VERY DEEP INTEREST IN THE SUCCESS OF KPS

LET’S SEE

YESTERDAY KPS RECEIVED RM570 MILLIONS FOR ITS SPLASH SHARE.PLUS ANOTHER RM195 MILLIONS WITHIN 9 YEARS= TO A TOTAL OF RM765 MILLIONS  

ON THE SAME DAY KPS ANNOUNCED BUYING OVER THE LAST REMNANT OF MINORITY SHAREHOLDERS OF CENBOND WHICH KPS TOOK PRIVATE IN YEAR 2016 AT RM1.75


BIG QUESTION NOW IS

HOW MUCH SPECIAL DIVIDEND WILL KPS BE GIVING OUT?

PUNCAK GAVE RM1.00 AFTER RECEIVING ITS CASH COMPENSATION. WILL KPS MATCH THAT OR GIVE OUT AT LEAST 50% OR LESS?

FOR THAT ALL HAPPY SHARE HOLDERS OF KPS GOING TO GET A NICE EARLY ANGPOW!!

WHY SO?

CENTURY BOND HAS THE STRONG QUALITIES OF THESE 3 COMPANIES

1) CENTURY BOND LIKE MUDA PAPER .

CENTURY BOND ALSO INTO PAPER & PAKAGING PRODUCTS LIKE MUDA.

AND E COMMERCE’S EVER INCREASING GROWTH WILL SPUR MORE CARTON BOXES TO PACK AND SHIP GOODS. THIS VERY PROFITABLE SECTOR SHOWS UP IN THE BALANCE SHEET OF KPS NOW

KPS MANAGEMENT HAS GREAT FORESIGHT TO TAKE THIS ONCE IN A CENTURY BARGAIN STOCK PRIVATE AT ONLY RM1.75

HIP HIP HOORAY

WELL DONE

BUYING KPS WE GET THE EQIVALENTS OF MUDA, SCIENTEX & MAGNI TECH

2) SMARTPIPES

THIS ONE GOING TO BE ANOTHER BONANZA LIKE ACQUIRING CENBOND

WHAT IS SMART PIPES?

AS ITS NAME IS = SMART PIPES ARE CLEVER SHORT CUTS TO SAVE TIME AND MONEY IN BROWN FIELD PIPE REPLACEMENT

IN SELANGOR AND MOST PARTS OF MALAYSIA WATER PIPES ARE ALREADY 30 TO 40 YEARS OLD. BEING IN CONSTANT CONTACT WITH FLOWING WATER MANY ARE NOW AGEING AND CORRODING WITH HOLES LEADING TO WATER LOSS BY UP TO 30%

WITH HUGE POPULATION GROWTH SELANGOR CAN ILL AFFORD TO LOSE SO MUCH PRECIOUS WATER


2) CENTURY BOND HAS PLASTIC STRETCH FILM LIKE SCIENTEX

SENDING GOODS NEED PLASTIC STRETCH FILM FOR PROTECTION. SCIENTEX DID EXTREMELY WELL IN PROPERTY & ITS PLASTIC STRETCH FILM PAKAGING

3) CENTURY BOND ALSO LIKE MAGNI TECH

ABLE TO GENERATE HIGH CASH YEAR AFTER YEAR FOR DIVIDEND PAYOUT

IN FACT DR NEOH SOON KEAN THE BENJAMIN GRAHAM OF MALAYSIA RECOMMENDED BUYING CENBOND AT 50 SEN WHEN IT DOLED OUT A 5 SEN DIVIDEND (10%) FOR YEARS 2006/07/08


BUT TO CALVIN TAN RESEARCH GIVING OR NOT GIVING OUT A SPECIAL CASH DIVIDENDIS NOT OF UTMOST PRIORITY

CALVIN HAS DISCOVERED THE REAWAKENING OF 2 VERY VERY PROMISING COMPANIES WITHIN KPS (KUMPULAN PROACTIVE SUPER CHARGED)

1) CENTURY BOND

CENTURY BOND AS WE KNOW IT THE VERY NAME “BOND” SPEAKS OF STABILITY, SAFETY & CONTINUAL GOOD YIELD (THOSE WHO FEAR MARKET CRASHES ALWAYS HIDE IN THE SAFETY OF GOOD GOVT BONDS LIKE SINGAPORE & SWITZERLAND

AND “CENTURY BOND”? WHOA!

A VERY SAFE BOND THAT CAN LAST A CENTURY!! (100 YEARS STILL IN BUSINESS)


AT 120 MILLION SHARES WORTH RM1.75 FROM CENBOND THAT IS ANOTHER RM210 MILLIONS (OR ANOTHER 39 SEN CASH PER SHARE MAKING IT RM1.81 CASH OR CASH EQUIVALENT A SHARE

THEN THERE ARE INVESTMENTS IN KING KOIL, KPS-HCM & SMARTPIPES

KPS MANAGEMENT ALREADY HINTED THAT THEY WILL SOON GIVE A CASH PAYOUT

Edge Weekly

KPS moving on without SPLASH

KPS’ gearing currently stands at 0.52 times — a level it is comfortable with. But if possible, it is planning to use some of the cash to reduce debt levels while any excess can be used to reward shareholders or for future acquisitions.

“The board hasn’t decided but we have given our proposal. But having said that, we’ve got to be very balanced [and] responsible in thinking about the future approach on how much we allocate for these three buckets.

“But we are also always aligned with optimising shareholders returns. If you look at KPS, historically, whenever we have divestments, there will be special dividends,” he assures.

As the completion of the sale is expected at the end of January 2019, KPS could then be receiving the RM570 million one-off payment for its 30% stake in SPLASH.


AND WITH THE PAID UP CAPITAL OF 537 MILLION SHARES IT EQUALS TO Rm1.42 PER SHARE (Debt not counting)


OR FOR FULL FREE ARTICLE PLEASE VISIT WWW.EAGLEVISIONINVEST.COM


2. THPLANT

Why Thplant?

What Has THPLANT GOT TO DO WITH PBA?

YES!

PBA & THPLANT ARE BOTH LONG TERM HOLDING STOCKS OF DR. NEOH SOON KEAN of BEACH STREET, PENANG


See Top Holders of PBA

(Refer Bursa Website)

List of the 30 Largest Securities Account Holders

(without aggregating the securities from different securities accounts belonging to the same person)

No. Name

No. of

Shares held # % #

1 STATE SECRETARY, PENANG 182,050,001 55.00

2 PENANG DEVELOPMENT CORPORATION 33,100,000 10.00

3 YAYASAN BUMIPUTRA PULAU PINANG BHD. 13,567,900 4.10

4 OOI CHIENG SIM 6,127,600 1.85

5 HSBC NOMINEES (ASING) SDN. BHD.

EXEMPT AN FOR CREDIT SUISSE

4,767,900 1.44

6 NEOH CHOO EE & COMPANY, SDN. BERHAD 4,321,300 1.31

7 CIMB GROUP NOMINEES (ASING) SDN. BHD.

EXEMPT AN FOR DBS BANK LTD

4,227,800 1.28


At Top number 6 of PBA is NEOH CHOO EE & COMPANY (FAMILY HOLDING OF DR NEOH)

At number 7 is DBS BANK from Singapore


DR NEOH ALSO IN TOP 30 OF THPLANT FOR MANY YEARS JUST LIKE HE HOLDING PBA

AND DBS BANK HAS TWO TOP POSITIONS IN BPLANT (NOW DELISTED AT RM1.57)


GO SEE THPLANT TOP 30 SHAREHOLDERS


TOP THIRTY SHAREHOLDERS

No. Shareholders

No. of

Shares Held %

1. Lembaga Tabung Haji 652,594,631 73.84

2. Kong Goon Khing 40,693,000 4.60

3. Phillip Nominees (Tempatan) Sdn. Bhd.

Pledged Securities Account for Yayasan Pok dan Kassim 9,739,060 1.10

4. Kong Goon Siong 6,678,800 0.76

5. Alliancegroup Nominees (Tempatan) Sdn. Bhd.

Pledged Securities Account for Chong Yiew On (6000006) 5,933,900 0.67

6. Pertubuhan Peladang Negeri Terengganu 5,870,294 0.66

7. Alliancegroup Nominees (Tempatan) Sdn. Bhd.

Pledged Securities Account for Kong Kok Choy (8092812) 4,000,000 0.45

8. CIMB Islamic Nominees (Tempatan) Sdn. Bhd.

Affin Hwang Asset Management Berhad for Majlis Ugama Islam dan

Adat Resam Melayu Pahang 3,977,760 0.45

9. Kenanga Nominees (Tempatan) Sdn. Bhd.

Pledged Securities Account for Mohd Yusuf Ali bin Abdullah 3,931,200 0.44

10. Neoh Choo Ee & Company, Sdn. Berhad 3,700,000 0.42

11. RHB Nominees (Tempatan) Sdn. Bhd.

Pledged Securities Account for VM Team Engineering Sdn Bhd 3,600,000 0.41

12. Amin Baitulmal Johor 2,400,000 0.27

13. Majlis Agama Islam Wilayah Persekutuan 2,400,000 0.27

14. RHB Nominees (Tempatan) Sdn. Bhd.

Pledged Securities Account for Mohd Yusuf Ali bin Abdullah 1,693,800 0.19

15. Chua Soh Peng 1,416,000 0.16

16. Cartaban Nominees (Asing) Sdn. Bhd.

SSBT Fund 0MUA for Teachers’ Retirement System of the State of Illinois 1,381,800 0.16

17. Dynaquest Sdn. Bhd. 1,200,000 0.14

18. AMSEC Nominees (Tempatan) Sdn. Bhd.

Ambank (M) Berhad for Lim Huat Bee (6720-1502) 1,156,900 0.13

19. Affin Hwang Nominees (Tempatan) Sdn. Bhd

Pledged Securities Account for Tee Kim Tee @ Tee Ching Tee (TEE0063C)


TOP 10

10. Neoh Choo Ee & Company, Sdn. Berhad 3,700,000 0.42


17. Dynaquest Sdn. Bhd. 1,200,000 0.14

TOP 17 IS THE INVESTMENT FUND UNDER DR NEOH



3. JAYA TIASA

WHAT HAS JTIASA GOT TO DO WITH PBA?

YES!

PBA IS ON PENANG ISLAND

THE ISLAND HAS A TOTAL LAND AREA OF 72,900 ACRES

ALL ITS PEOPLE NEED WATER FROM PBA


JAYA TIASA ON THE OTHER HAND HAS 206,000 ACRES OF PALM OIL

JUST LESS THAN 3 TIMES THE SIZE OF PENANG

OF THESE 171,000 ACRES ARE MATURED OIL PALMS AT 14 YEARS PRIME FRUITFUL AGE

While PBA only serves Penang people with cheap water JTIASA serves China, India, Europe, Pakistan And All Other Countries with its Palm oil converted into Cooking oil, Soap, Shampoo, Biofuel & Others

Image 3 Penang Island all Planted with Oil Palms?


Large detailed map of Penang



JTIASA (GIANT TREASURE) Also own 1.9 MILLION FOREST CONCESSION LANDS IN SARAWAK or about 26 PENANG ISLAND

That is Why JTIASA has a helicopter to survey its Vast Lands

And JTIASA is still Very very cheap below Rm1.00

But not for long

CPO has increased by Rm1,800 to Rm3,800 from Rm2,000

While Penang And Other Water Tarif up only 22 sen


DO YOU SEE WHAT I SEE?


BEST REGARDS

Calvin Tan


Please buy or sell after doing your own due diligence or consult your Remisier/ Fund Manager

More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Discussions
Be the first to like this. Showing 12 of 12 comments

calvintaneng

(PART ONE) KUMPULAN PERANGSANG SELANGOR (5843) KUMPULAN PROACTIVELY SUPERCHARGED, Calvin Tan Research

https://www.eaglevisioninvest.com/part-one-kumpulan-perangsang-selangor-5843-kumpulan-proactively-supercharged-calvin-tan-research/

2 months ago

calvintaneng

CPO has increased by Rm1,800 to Rm3,800 from Rm2,000

While Penang And Other Water Tarif up only 22 sen



DO YOU SEE WHAT I SEE?



BEST REGARDS

Calvin Tan

2 months ago

calvintaneng

FROM KPS BOD

“But we are also always aligned with optimising shareholders returns. If you look at KPS, historically, whenever we have divestments, there will be special dividends,” he assures.

FROM ABOVE WE WILL SEE ANOTHER "SPECIAL DIVIDEND" WHEN KING KOIL MATTRESS IS SOLD TO UNLOCK VALUE BY KPS

2 months ago

calvintaneng

JTIASA DEBT WAS OVER RM1 BILLIONS FEW YEARS AGO

NOW DEPT PARED DOWN TILL IT HAS ONLY LESS THAN RM100 MIL AND SOON WILL BE DEBT FREE CASH RICH

AFTER THAT LIKE INNO & UTD PLANT JTIASA WILL EMERGE AS A GOOD DIVIDEND PLAY

ALREADY GAVE DIVIDENDS RECENTLY
CAN EXPECT TO SEE A DIVIDEND NEXT MONTH

24-Aug-2023 12-Sep-2023 DIVIDEND Second Interim Dividend RM 0.0170
28-Feb-2023 14-Mar-2023 DIVIDEND First Interim Dividend RM 0.0150
30-Aug-2022 27-Sep-2022 DIVIDEND Interim Dividend RM 0.0280
30-Oct-2018 30-Nov-2018 DIVIDEND First and Final Dividend RM 0.005
27-Oct-2017 29-Nov-2017 DIVIDEND First and Final Dividend RM 0.005

2 months ago

calvintaneng

Fcpo now Rm3900
Cost of Cpo production Rm2000 and dropping due to lower fertilizer cost

So gross profit 80% to 100%

Where on earth or what kind of industry can offer a gross profit like this

2 months ago

Choivo Capital

I think you didnt get the right lesson from PBA.

From PBA the lesson is this. For fixed tariff businesses, people get depressed over a very long time, because cost everyday go up, but tariff does not, resulting in lower and lower profit each year.

At some point, the lower profit results in lower maintenance and thus more problem pops up, necessitating an increase in tariff. When tariff increases, the operational leverage results in a huge increase in the share price.

The other thing to keep track of is lower cost of materials in fixed tariff industry, which is basically coal back in 2015 for TNB.

2 months ago

calvintaneng

I sold off Pba at 2014 peak at Rm1.50
And switched to others
It was a correct move then
After 2014 for one decade with no tariff increase plus Dap gave free water in Penang to win votes Pba has been trending down for one decade till now
At its low Pba even fell to 79 sen
Amazing indeed just 22 sen tariff increase Pba can shoot up to Rm2.50

At Rm2.50 i think another opportunity to cash out and buy other laggards with potential better

2 months ago

calvintaneng

By right water should not be a Cyclical stock as demand is perennial

However, it could be a political tool to win votes

As such we should buy Cyclicals at bottom with no good news and then wait for one or two years

Then when good news out and people chase we should not chase but to take profit if prices run far ahead of profits

2 months ago

calvintaneng

Jaya Tiasa today crossed Rm1.00 and closed at Rm1.05

It is now a strong UPTRENDING STOCK

Next month will see

Good results
Another dividend can be expected

Just hold tightly and ride the way up 💪

2 months ago

calvintaneng

Fcpo now over Rm3900 MT

Cost of Cpo production for efficient Upstream producers like Tsh and Kmloong Rm2000 to Rm2200

So there is a gross profit as high as 95%

Palm oil earning is superior

Very few industries or businesses can generate a gross profit of even 30%

So 🌴🌴🌴 will see strong profits

Will pare down all debts

Leading to high dividend payout

Palm oil as a class is now the safest investments

2 months ago

calvintaneng

This was posted in Bumitama (Spore) tread


kelvin_ik4u Plam oil is always like that, start plant require cash/fund/debts to build empire. Once it empire steady and cash generated machine, it will be an auto-pilot for next 18yrs. This counter will be the next shine palm oil for this year.. it's CAGR 21% compounding for next 3 yrs, now Bumitama just sit and collect money as all it palm tree is 6-7yrs now with FFB nucleus oil >24%, 107% growth vs Q1'FY13. Strongly believe this counter will start give dividents moving forward. Since CPO price is up ard ~RM2700/tan metric, I believe will share price will skyrocket this yr. Target $2.00 before end of this year 2014.
19/05/2014 6:16 PM

https://sgx.i3investor.com/servlets/stk/p8z.jsp

What applies to Singapore Bumitama also apply to Jtiasa, Tsh, Thplant, Hs Plant and all other Palm oil Companies

JAYA TIASA Now On Auto - Pilot

Streams of Earnings translate to Future Streams of Dividends

https://www.youtube.com/watch?v=aX_efvvsyWg

WITH SUCH STRONG EARNINGS JTIASA AND ALL OTHER PALM OIL COMPANIES WILL BE OVER FLOWING WITH MASSIVE CASH INFLOW

THE OUTFLOW?

CASH DIVIDENDS LIKE DAMS DISCHARGE WATER!!!

2 months ago

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