THE INVESTMENT APPROACH OF CALVIN TAN

Why is calvintaneng so bullish on TSH RESOURCES? Lessons from Investing in GSB (slow and steady win the race) Calvin Tan

calvintaneng
Publish date: Mon, 22 Jan 2024, 03:42 PM
calvintaneng
0 1,788
Hi Guys,

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

Dear Investing Fraternity of i3 Forum

As you all have noticed by now calvintaneng has been bullish on Palm oil counters since year 2020 for 4 years and still counting


Now let Calvin tell you the reason why

It all started with GSB (7077) or we fondly name it as "Good Small Baby"


In year 2017 I met Osk Iskandar Top Boss who mentioned this

GSB is now 9 sen

And GSB is building G RESIDENCE TWIN TOWER Blocks of Apartment Block in Masai

It is estimated that if Project is completed and all projected Units are sold there will be a profit of 9 sen9

9 sen profit?

And GSB share price then was only 9 sen as well

So we took note & went to see G Residence in year 2017


Nothing there yet

Only a piece of land

So?

So only in plan there will be two blocks of Condo here

Well believing the story somewhat we decided to buy a little bit of GSB at 9 sen and then added more till 11 sen


FAST FORWARD TILL TODAY?


See our articles posted on GSB


ColdEye bought & sold GSB? Better tell ColdEye to buy back all his GSB shares By Calvin Tan Research

calvintaneng
0 1,764

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


0 1,764

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

Hi Guys,

Publish date: Mon, 17 Apr 2017, 12:57 AM

Publish date: Mon, 17 Apr 2017, 12:57 AM


Dear fellow investors of i3 forum,

Last friday in Booming Iskandar I received a call from my friend in Perak. He is a housing developer. And he asked me about GSB.

I told him that G Residence also sold about 70% of its Condos in Iskandar. He asked me, "How much per sq ft?"

 

I replied, "About Rm400 psf".  He said that was a lot of profit. Construction cost is about Rm100 psf. Straightaway he hung up his phone and bought 100,000 shares of GSB between 11.5 sen to 12 sen.

He also mentioned that ColdEye also owned GSB shares in passing. I was surprised.

Then again fellow i3 forumers told me ColdEye bought & sold off his GSB shares sometime in year 2015.

 

Ha! If ColdEye had sold then. Now is the time for ColdEye to buy back his GSB shares!

 

These are My Research based on revealed facts and figures : 

 

1) GSB is now changed from Manufacturing of Industrial Products to Property Development

 

GSB - RECLASSIFICATION OF SECTOR

 

 

Kindly be advised that GSB’s shares will be reclassified from Industrial Products sector to Properties sector with effect from 9.00 a.m., Monday, 14 September 2015.

 

This is what we call "Progress through Innovation". Singapore has zero resources. No tin, no rubber, no oil palm, not enough water. Yet through INNOVATION Singapore is now one of the Highest Per Capita Income Nation on earth - equal to a First World Nation.

 

2) G RESIDENCE was touted to make one off profit of 9 sen if all the Units are finally sold off. So far so good - about 70% are sold.

Any evidence? Yes! Of course!

Please go and check up the past year and past quarterly accounts of GSB

 

Trade and other receivables   Rm 43,329,000 (December 31st 2016)...............Rm 28,766,000 (March 31st 2016)

 

Do you notice that Receivables have increased from Rm28.766 mil to Rm43,329 mil in just 9 months?

 

That's an increased of Rm14.563 MILLIONS! Receivables!

What are these Rm14.563 Mil Receivables? What did GSB sell?

 

G Residence & Bentong Properties of course!

 

Now G Residence has built until the 4th level. All those 70% buyers have taken loans from Banks like Maybank, Affin Bank, UOB Banks, CIMB Banks, Public Banks & others.

 

As GSB is completing work in stages. These Receivables from Bank Loan Release will be received in stages - a cool Rm14.563 Millions! And more to come.

 

3) Now GSB is into Joint Venture with Land Owner. So there is almost no fear of interest piling up.

This is the same with Gadang - being a Joint Venture with Hatten Group.

And comparing to Gadang's I Capital City - GSB's G Residence is located in a much better area, more affluent population of Tmn Molek, Johor Jaya, Mt Austin & Pernas Jaya. So if I Capital City can sell - why not G Residence? After all G Residence is only 15 minutes away from CIQ Custom. Just a causeway bridge to affluent Singapore.

 

4) Another way for low gearing is to raise Capital by Private Placements.

And the 10 sen private placements were all taken up.

And the CASH from these private placements were used as

 

Status of Corporate Proposals Announced As at 24 February 2017, being a date not earlier than seven days from the date of this interim financial report, the utilisation of proceeds from private placement of 88,000,000 new ordinary shares of RM0.10 each completed on 18 December 2015 is as follows

:

Utilisation from the proceeds received

 

 

Payment to contractor for the remaining piling works for the project in Johor Bahru... RM1.186 million 

 

Payment to contractor for the remaining basement infrastructure works ......................Rm4.47 millions

 

Payment to contractor for part of the initial building works for the project ....................Rm2.794 millions

 

As you can see the major portion of expenses involve in

piling = Rm1.186 mil

Basement infrastructure = Rm4.47 mil

Initial building works......= Rm2.794 mil

These proceeds are put to good use as G Residence is now built up to the fourth Level.

From here floor by floor with aggregate ordered from YTL Cement Mixer will do a swift & speedy until completion

 

Photo. no. 6  The actual progress of G Residence (Now reaching level 4)

 

 

With the most difficult & expensive portion of Piling & Foundation Works done - the construction from the fifth floor and above will be a breeze and cost less.

 

 

5. With all the progress payments received in coming months all the debt obligations will be met just by this one project. The remaining unsold shop units could be tenanted out.

Note:

Shop Units in GIANT PLENTONG commands higher rental that Leisure Mall & Perling Mall due to its prime location with heavy footfall & affluent shoppers. So G Residence Shop Unit can expect fairly resaonable high rental. This will act as a future reit.

 

6. NTA of GSB should triple from 10.87 sen to more than 30 sen if All Assets are revalued. So GSB at 12 sen still has a very good margin of safety.

As GSB owns many pieces of Assets at Old Book Value.

Let's look at a few examples (please refer to GSB owned properties in AR

 

1) Parcel No. 1307 

Storey No. 3, Building 1 

Taman Shamelin Perkasa 

PT1604 

Mukim of Kuala Lumpur, 

District of Kuala Lumpur. 

Three (3) 

bedroom 

apartment for 

management 

31-Mar-2014 Leasehold 99 

years expiring on 

11.09.2082 

(age is approx 

22 years) 

Land size: 95.00 sq meter or 1,023 sq ft Book Value Rm124,490 

Now refer to advertised Apt in Shamelin Perkasa 

RM 420,000 

3 Bedrooms 2 Bathrooms 

Jalan 3/91 Taman Shamelin Perkasa, Cheras, Kuala Lumpur 

Apartment For Sale 

Size 1023 sqft Leasehold 

http://www.propertyguru.com.my/property-listing/apartmen-arena-shamelin-for-sale-by-jacky-wong-24889346 

So Book Value is Rm124,490 

Current market value Rm420,000 

So price difference is Rm295,510 

or 237% more than book value. 

This shows that GSB is sitting on undervalue assets 

 

 

 Now take a look at another GSB asset 

2)  Parcel No. D-113 

1st Floor, Block D 

Pandan Height, PT 34798 

Mukim of Ampang, 

District of Ulu Langat, 

State of Selangor. 

Three (3) 

bedroom 

apartment for 

management 

31-Mar-2014 Freehold 

(age is approx 

18 years) 

 79.25 sq mter or 853 sq ft Book value Rm89,608 

This is current value 

RM 320,000 

3 Bedrooms 2 Bathrooms 

- Jalan 6/19, Pandan Perdana, Cheras, Kuala Lumpur 

This is the auction reserved price 

http://www.propertyguru.com.my/property-listing/pandan-heights-condominium-for-sale-by-peter-yap-25032410?ref=ls%7C%7C2%7C1 

So if revalued 

This unit should increase by Rm230,392 or 257% more!

 

 

 One more post. This time on a Shop house in Bentong 

3) H.S. (D) 12321 

PT No. 14978 

P206, Lorong 10 

Taman Bentong Mahmur 

28700 Bentong 

Pahang Darul Mahmur 

Shop office 31-Mar-2014 Freehold 

208.00 sq meter or 2,238 sq ft Book value Rm232,652 

Similar shop-office advertised in media 

Taman Bentong Makmur, Bentong 

Bentong, 28700, Pahang 

This shophouse with 500 bird nets was advertised in year 2013 for Rm890,000 

This is Rm657,348 more than book value or 282% more 

See 

https://www.iproperty.com.my/property/taman-bentong-makmur-bentong-2160422

 

All other Assets are also listed at Deep Discount to Currenct Market Value. GSB like Mui Bhd, has deep value assets hidden from those with careless or carefree mindset.

Now GSB Management could have revalued these Assets and book them as profit like Fiamma, Eg & Seacera did. This kind of stock boosting to dump Seacera warrants to unsuspecting sorchai is a bad case of poor management going for fast gain (short term gain and long term pain - pain in the neck for those who ignorantly chased)

 

No, this is not the short cut GSB Bosses are doing.  The excellent Managers/Directors of GSB wants to ADD VALUE TO THESE PRIZED. PRIME ASSETS!!

 

I quote from Chairman's Announcement

 

CHAIRMAN’S STATEMENT

CORPORATE GOVERNANCE The Board of Directors of the Group emphasises on corporate governance and at all times looking at value creation for our shareholders. Measures taken and implemented have been outlined in this Annual Report under the Statement on Corporate Governance, the Statement on Risk Management and Internal Control, and the Audit Committee Report.

 

LOOKING AHEAD

GSB Group has demonstrated its commitment to grow its property development segment with the strategic acquisitions undertaken. Despite the current cautionary sentiments amongst property developers and home buyers, we will persevere given that our products are not high-end developments and are at good locations. We priced our products for end-user markets and end-financiers should be more receptive to lending.

 

Calvin comments:

These are the words from Chairman

1) at all times looking at value creation   (ADD VALUE TO ALREADY GOOD VALUE ASSETS!)

2) the stratefic acquisitions  (focus on special niche areas with potential)

3) our products are not high-end developments and are at good locations (Bread and butter properties that sell well)

 

Calvin gives "THUMB'S UP TO GSB MANAGEMENT!!

 

And So Calvin has turned bullish & Issue A Strong Buy Call on GSB

 

Your friend

 

Calvin Tan

Singapore

 

 

 

 

 

 PLEASE NOTE:


THERE WAS A CAPITAL EXERCISE IN WHICH 5 SHARES MERGED INTO ONE SHARE.

 

 

 

 

GSB GROUP BERHAD
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2 people  like this.  Showing 46 of 46 comments

tan8620

i dont think that G residence had good sales! most of the property in Johor had been very quiet even at some of the prime area like bukit Indah! many unsold unit of condo n apartment in JB.The road surround the G residence is superb narrow n the design of that apartment is far attractive compare v others.

2017-04-17 02:14

sherlock

......

2017-04-17 02:33

sherlock

weak balance sheet,weak cash flow and weak business prospect.

2017-04-17 02:38

Why_

No wonder Dr Mahathir said BN must lose in PRU 14. Everything not transparent.

2017-04-17 05:13

Why_

12 sen GSB still lose money? Can pay dividend?

2017-04-17 05:15

Louisngu

All bullshit just forget just forget this penny counter. Unless you buy at very low price

2017-04-17 07:13

KLCI King

Using famous people name to hard sell your product is cheap act, Calvin.

2017-04-17 07:16

John Lu

Now I know why Calvin rank 214...cheapskate

2017-04-17 08:45

calvintaneng

It's ok. Last time when Jaks was 40 sen nobody want

2017-04-17 08:53

calvintaneng

Good morning again,

LISTEN HERE!

EXCEPT FOR TUDOR SHIP CAPTAIN AYAMTUA GAVE POSITIVE COMMENT ON GSB ALL ARE NEGATIVES.

HA! THIS IS THE TOP SECRET OF TOP TOP CONTRARIAN SUPER INVESTOR.

WHEN 99% OF THE MARKET IS BEARISH. THAT IS THE TIME TO BUY.

AND THEN?

WHEN 99% OF THE MARKET IS BULLISH

THAT WILL BE THE TIME TO SELL.

SO WHILE OTHERS STILL NOT HERE

JUST LOAD UP!!!

2017-04-17 09:12

Surewin123

it's already 13.5 sen, still can go in?

2017-04-17 09:15

shortinvestor77

iron chicken again?

2017-04-17 09:36

Surewin123

12.5 sen now, go in?

2017-04-17 09:41

calvintaneng

Surewin

Yes. SURE TO WIN FOR LONGER TERM INVESTOR

ALL THE FUNDAMENTAL OF GSB IS MOVING POSITIVE NOW!

2017-04-17 10:04

choop818

Calvin, can tell how much you loaded up and at what average price? Can be more transparent like KYY?

2017-04-17 10:13

Obsidian

Hearsay, 70% of sales actually cnt make any profit from a project.

Hearsay, 75% of sales needed to break even cost of construction/consultation/architecture etc of a project as calculated in Malaysia for Year 2016.

Just plain hearsay from a engineer consultancy firm. They provide service for gamuda, uem, seehoychan.

So yes, i stop reading at "He said that was a lot of profit. Construction cost is about Rm100 psf."

2017-04-17 10:22

eugene724

calvin, this time play with u bro. thanks for sharing

2017-04-17 10:58

calvintaneng

choop818

My cost is 11 sen.

I have not much invested as my 90% are tied up in real estate which I am liquidating to get more bullets NOW!

2017-04-17 11:22

calvintaneng

Osidian,

I don't exactly.

I only know this.

From Bank HQ CAC,

Loan application from developers stated that for a condo advertised at Rm400 psf retail. The cost of construction only Rm100 psf.

How much and other total cost I don't know.

And Bank officer cannot disclose further as it might contravene Bafia Act.

If true then building condos make lots of monies if a project is successfully sold.

2017-04-17 11:33

Jay

profit margin for typical property project usually range from 15-20%. even if factor in land cost say 20% (80m), it is impossible for the project to make 55% margin. unless the project is some china tofu projects using cheap materials and the whole building can collapse anytime

2017-04-17 15:35

Jay

I remember calvin saying he's bearish on Iskandar high-rise, now saying good take-up, inconsistent logic?

2017-04-17 15:37

Risk Rider

IOI property used to command 50% net profit margin for puchong projects, but not sure now

2017-04-17 15:37

calvintaneng

Jay,

I am still bearish on all Iskandar High End Condo projects.

For G Residence it was a surprise that they sold 70%. Since result speaks louder than words I put some money in GSB

2017-04-17 15:59

stncws

posted on 17apr... 1am

today the group all dispose to ikan bilis.

tomorrow back to 12c,.,. all crying!!

2017-04-17 16:38

calvintaneng

Good evening,

Today gsb closed in huge volume and price stood firm at 14 sen.

Lots of stale bulls have sold and shares passed into strong hands.

Of course among us are short term contra players and punters.

We wish you well in this mini bull run.

But since many are aware of the current bright status of G Residence and the deeply undervalue assets of GSB I trust many will keep longer term to see not just next few quarters - but also next year and even till year 2019 and SEE the deep value of GSB unfold and in full bloom.

Hopefully by then GSB would have shown sterling results and this stock in turn follow the footsteps of focal/ecoworld and tebrau/iwcity.

Happy investing.

Your friend from Singapore

Calvin Tan

2017-04-17 20:36

Surewin123

thanks Calvin for your hard work. Somemore free for i3 community. Respect from Sarawak.

2017-04-17 21:42

John Lu

Alamak...calvin from rank 214 drop to rank 220...shame like a chicken

2017-04-17 23:27

supersaiyan3

Construction cost is definitely not RM100 / sq ft.

2017-04-17 23:52

3iii

http://www.thestar.com.my/business/business-news/2017/03/25/whats-cooking-in-penny-stocks/#ISQLBq8rX8xBO8Xe.99

GSB

Its number of shares = 528 m

At 9 sen, its market cap = 47.5 m

At 14 sen today, its market cap = 73.9 m

How much profit will GSB deliver this year?

Its market cap has jumped 26.4 m.

Those who have this stock should take the opportunity to lock in their windfall profits today.

Pumping and dumping stocks over a few days have been quite rampant recently.

Look at Efficien!

A remisier was so proud he recommended this stock to his client before the rise of its price to the recent peak :-)

2017-04-18 07:33

3iii

Its market cap has jumped 26.4 million in 3 days!

Can GSB deliver 26.4 million profit this year?

2017-04-18 07:35

kk123

This share is purely for trading purposes

2017-04-18 08:23

calvintaneng

The untold harm done by iiinvestsmart when he insisted that Pm Corp was only worth 14.4 sen in investlah forum has led many to buy other lower quality stocks and also goreng counters like ifca, sersor, vsolar, sumatech and pdz.

Many later lost so much that that ceased posting in investlah. And many like Great Stockraider, paperplane, Leno, kyosan, uncle, cockroach, gladiator migrated to i3 investor forum

Today i3 investor is in top 50 search engine while investlah has fallen to near 10,000 places. This shows the deplorable leadership of investlah's iiinvestsmart. The name "iiinvestsmart tak boleh pakai now so he changed name to 3iii".. all must take heed!!

He gloated over the past success of dutchlady but that was history. He lived in the past and cannot even recomment one good growth stock today.

The past is the past. We don't live there. The future is where we live.

And although GSB has gone up 25% it is still laden with deep potential.

Sales of G Residence is ongoing

Deep deep Value Assets yet to be revalued, developed, Value Add and Sold.

25% price rise is really peanuts compared to the gains of 3,000% and 4,000%

for focal aims/ecoworld and tebrau/iwCity. Of course it takes years to grow.

So Calvin urge all fellow i3 forumers not to listen to rumour or hearsay.

This is what you should do.

1. Go read up diligently what Calvin has revealed. Are they facts or fiction.

2. Go to Plentong and see G Residence First Hand for yourselves.

Is the location good? Is the surrounding gentrified? What is the purchasing power here? What kind of amenities are found here? Is the selling price attractive and competitive? Is the construction of the building progressing well?

3. We must separate truth from error, facts from fiction, good advise from bad advise.

Your success or failure depend on finding the correct stocks to invest for your long term good

Regards

Your friend Calvin Tan

Singapore

2017-04-18 08:23

3iii

What is the GDV of the whole project? Assuming 100% sold, what is its net profit margin? How many years will the whole project take? Calculate the returns based on this best case scenario. Now, redo the calculation using the worst case scenario. How much will GSB's profit be this year? How much has the market cap gone up over the last 3 days? It is so simple to do the maths. Just sell first, and think later.

2017-04-18 09:31

calvintaneng

You already failed to see Value in Pm Corp. So you also failed to see value in Jaks at 40 sen. You will also fail to see any Value in GSB NOW!

2017-04-18 10:58

3iii

I believe last year Calvin was asking people to buy PMCorp because it should reach 39 sen. Where is PMCorp today? Sometimes telling the truth is so difficult for Calvin. :-)

2017-04-18 11:31

3iii

>>>>calvintaneng Remember,

The top 1% of world riches made 50% of the world's wealth.

Pm Corp has proposed 8 cents Cash Pay out.

At 8 cents for a share worth 26.5 cents = 30.18% or 10.06% for each year of 2016, 2017 & 2018.

Buy now before price flies away.

10/02/2016 08:57<<<< For someone who wrote like so above, how intelligent is this guy as an investor? Maybe he is just a manipulator or just trying so desperate to free himself from his own traps. :-) I think calvin was harping on my comments on PMCorp. My reasoning seems sound and solid still. Read my comments on this thread.

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/91002.jsp

2017-04-18 11:42

Risk Rider

Calvin will only read what he want to read, say what he want to say, don't waste time

2017-04-18 11:44

calvintaneng

Risk Rider and all fellow investors of i3 forum,

Calvin is always learning the best form of investment everyday.

One of Calvin's best teacher is my Johor Sifu.

He is the no. One student of Dr. Neoh Soon Kean - the Benjamin Graham of Malaysia.

My Johor Sifu wants me to share One Valuable Stock soon in i3 Forum.

This is a stock better than Nestle and Dutchlady anytime.

It meets the 3 yardsticks of

1. High NTA

2. Good EPS

3. And increasing dividend

Above all it is recession proof and Rock Solid.

Will post later when I have my hands on a computer. Now only posting from my iphone.

So stay tuned for more

Coming soon to i3 Forum

"THE SOLID GROWTH STOCK FROM CALVIN'S JOHOR SIFU"

This will be the favorite of all Value Investors, Fund Managers, Retirees and Dr. Marc Faber and even Warren Buffet himself. If only Warren Buffet knew about this high value defensive growth stock in Malaysia!!

So please stay tuned.

One more thing. If you haven't bought any GSB yet. Just get some on weakness and hold tight!

Warm regards,

Calvin Tan

Singapore.

2017-04-18 12:45

poorkid

A good samaritan to expose his tricks.

Posted by 3iii > Apr 18, 2017 11:42 AM | Report Abuse

>>>>calvintaneng Remember,

The top 1% of world riches made 50% of the world's wealth.

Pm Corp has proposed 8 cents Cash Pay out.

At 8 cents for a share worth 26.5 cents = 30.18% or 10.06% for each year of 2016, 2017 & 2018.

Buy now before price flies away.

10/02/2016 08:57<<<< For someone who wrote like so above, how intelligent is this guy as an investor? Maybe he is just a manipulator or just trying so desperate to free himself from his own traps. :-) I think calvin was harping on my comments on PMCorp. My reasoning seems sound and solid still. Read my comments on this thread.

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/91002.jsp

2017-04-18 12:47

calvintaneng

Pm Corp = Power Money Corp

1) Cash Rich

2) Little debt or gearing

3) Investments plus Cash almost equal to Pm Corp share price

4) High Value assets in prime location

5) Selling at more than 50% discount to Nta gives huge margin of safety. It qualifies Ben Graham net net stock criteria.

Divorce settlement force asset sales will also unlock deep value

All who bought at 15 sen on Sept 20th 2013 already made more than 80% each.

3iii is idle. An idle mind is the devil's workshop.

Instead of recommending good shares for us to invest. He post nothing but finding fault. Making mountain out of molehill while forgetting to do study and locate good potential stocks.

So just ignore him and do your own careful investigation.

Calvin presented Jaks at 40 sen on Dec 16 2014

Now Jaks up OVER 300%.

So is Pohuat, Silk and Super Enterprize all up 200%

By their fruit you shall know

Know the difference between empty talker and True Serious Investors

2017-04-18 12:59

ckkhen

Calvin,

"THE SOLID GROWTH STOCK FROM CALVIN'S JOHOR SIFU" .

Can't wait for your report!

2017-04-18 13:55

calvintaneng

Avoid penny stocks?

calvintaneng Avoid penny stocks?

Then you would have avoided Public Bank at 80 sen during the Asian Financial Crisis

You would have avoided MyEG when it was 10 sen

Avoided Ecoworld.Focal when it was 11 sen in year 2009

Avoided IwCity/Tebrau at only 10 sen before year 2005

Why avoid GSB NOW that you KNOW it has Assets still at Old Book Value?

Why avoid if you know ringgit has crashed by 30% against Strong SING $$. Now all Johoreans working in Spore with only $S2,000 (Rm6,350) can qualify buying a Unit in G Residence?

Why miss a gem because of naysayers & idle talkers who end up pokai when you are going to make 100%? 200%? later?

2017-04-18 16:11

steveooikp

GSB expensive liao...

from 9 sen to now 13 sen...

go and buy nexgram.... upcoming star....

norzain is not a simple chairman.... he had been with kerisman for many years....

2017-04-18 16:16

calvintaneng

Nextgram? Nextgram I don't know

This is what I know

Jaks was 40 sen. Then Jaks up 200% to Rm1.20

Then Jaks pushed up to Rm1.60!!

So Jaks up 300% is Very Expensive

GSB was 9 sen. If GSB up 200% then price of GSB will be 27 SEN

So NOW GSB at only 13.5 sen is only half price to 27 SEN

So compared to my Jaks - GSB is still cheap!!!

SO BUY NOW!!!! NOW!!!!

2017-04-18 16:33

calvintaneng

WAHAHA!

TEBRAU UP 11 SEN TODAY

Last time Tebrau was only 10 SEN

So up 11 SEN means up 110% in One Day

Another place. Another time!

Who knows?

GSB might also jump 11 SEN in One Day?

Not now. But Another place. Another time.

Like Tebrau NOW! Why not??

SO BUY NOW!!

Those who missed Tebrau at 10 SEN before year 2005 has

ANOTHER POTENTIAL ONE IN GSB!!!

2017-04-18 16:38

bigbigboss

Hi Mr. Calvin

I have some question need to asking you , can i know how you calculate that G Residence 70% sold out ?

Base on latest annual report chairman got mention ---Our sales % increased from 60% to 83% and 30% to 31% year-on-year for our Bentong

and Plentong projects respectively

2017-09-18 18:45


CALVIN EXTRA COMMENT ON 22 JAN 2024

As you can read all the responses and comments above

Some ok and some were very wrong & missed GSB


See more

G RESIDENCE OF GSB - CONSTRUCTION WORK GOES OVERTIME IN BOOMING ISKANDAR (Calvin Tan)

 

Above is a Photo of G - RESIDENCE Actual Site taken at 2am in the wee hours of the morning.  Construction goes overtime till morning non-stop in Booming Iskandar.

 

INVESTMENT MAXIM BY PETER LYNCH:

"Buy what you can see and understand"

 

Hi guys,

 

Since my last post on GSB's G RESIDENCE in Johor I have done further research. These are the facts gathered.

 

1) G RESIDENCE Is Among The Rare Developments that GO INTO OVERTIME in construction in Johor.

I visited G Residence at 12 midnight, 2 am and again at 4a.m.. To my surprise the whole place was lighted up & construction work goes into overtime.

 

2) Now the Structure for the Shoplots (22 Units) are almost completed. The Resident Condo Blocks at the rear have reached Level 6 (from Level 4) since my last visit there. 

 

3) G RESIDENCE'S SHOPS (NON-BUMI LOTS)  ARE ALL SOLD OUT (Except One Unit left)

The Remaining Unsold Bumi Lots Could be easily tenanted out as the Shops face the Very Busy Plentong Main Road.

Same goes for the remaining 30 over percent Unsold Condos. They could be tenanted out as Service Apartments as surrounding Area Is Hot Hot Boom Area.

 

Finally Completed


Photo

Today GSB is not 9 sen

GSB is now Kerjaya Prospek Property at 77 sen


See who is bullish on GSB (Great Smart Boss) changed to Kerjaya Property


Kerjaya Prospek Group and KP Property comparison - Koon Yew Yin

Koon Yew Yin
0 1,403

All materials published here are prepared by Mr. Koon Yew Yin

An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

Koon Yew Yin
0 1,403

All materials published here are prepared by Mr. Koon Yew Yin

An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

Publish date: Fri, 08 Sep 2023, 10:14 AM
Koon Yew Yin

I cannot understand why RHB strongly recommend buy for Kerjaya Prospek Group (7161) and not KP Property (7077).

Kerjaya Prospek Group selling Rm 1.14. Its total EPS for the last 4 quarters is 9.39 sen as shown below:

KP Property selling 84 sen. Its total EPS for the last 4 quarters is 23.6 sen as shown below:

KP Property 4 quarters EPS is 23.6 sen and it is selling cheaper than Kerjaya Prospek Group with 4 quarters EPS of 9.39 sen.


Calvin comments (22 Jan 2024)

Amazing man Uncle KYY telling all about GSB at 84 sen as a buy?


If anyone bought GSB at 9 sen and then wait till name change to Kerjaya Prospek Property can sell to Uncle KYY at 84 sen


Now what is the Morale of the Story?


GSB was only building 2 small blocks of Condo in Johor circa 2017


TODAY A FAR FAR GREATER BUILDING BOOM IS HAPPENING IN IKN NUSANTARA with RM166 BILLIONS TO RM200 BILLIONS INITIAL OUTLAY

IN FUTURE THIS WILL BE IN TRILLIONS WORTH AS ASEAN NEW BOOM ZONE

Just like GSB in year 2017 nobody wanted and we bought for a song at 9 sen


Now we are buying TSH around Rm1.00 (one ringgit) for a song as well


AND WE EXPECT TO SEE TSH RESOURCES PERFORM FAR FAR BETTER THAN GSB

Only time will tell

So let us wait

Hope you guys still around


Warmest 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 9 of 9 comments

calvintaneng

Like G Residence building 24 hour day and night in year 2017

TODAY IN IKN NUSANTARA

BUILDING BOOM DAY AND NIGHT AS WELL

https://www.youtube.com/watch?v=p6iWzt2E6JY

2 months ago

calvintaneng

Gsb was 9 sen
Few people wanted

Gsb (kerjaya prospek property) above 70 sen to 80 sen only then people take notice

2 months ago

gladiator

GSB? That sleeping coma stock you promote in Investlah forum more than 10 years ago? Aiyo this one need shares consolidation 5 into 1 in order to make it 70 sen lah. Anyway I just check the chart TP=20sen did achieve in year 2021.

2 months ago

calvintaneng

Yes it doubled over 20 sen and after that Cold Eye bought back again

Cold Eye now fully loaded up Jtiasa

2 months ago

gladiator

From 5 sen to 20 sen that is 400% return in 10 years. Started with one project in the beginning and now so many project completed consider very good growth company.

2 months ago

calvintaneng

Yes

I saw G Residence built from scratch to full completion

Now i see the rise of a New Capital Ikn Nusantara in East Kalimantan

This one far far better

And Tsh will excel

2 months ago

calvintaneng

By July 2024 only 5 months away!

Launch of New Capital City IKN NUSANTARA, Indonesia

See

https://www.youtube.com/watch?v=COV9LvNUrfI

JB RTS Spore - JB will be by Early 2027
(So IKN is 3 years earlier)

People all overlooked TSH with its 94700 acres in IKN NUSANTARA

Cost Rm5K per acre bought in 2008 (16 years ago)
Today is Rm1 Million over an acre

How can we not be bullish?

2 months ago

calvintaneng

calvintaneng

How nice to know TSH RESOURCES got 94,700 Acres Lands in IKN NUSANTARA

Book Value about Rm5,000 per acre (Current market value as high as Rm1 Million per acre

See

https://www.youtube.com/watch?v=P27JpoUUUsw

Investing like this now we know why Warren Buffet said, "I know I will be rich"

2 months ago

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