calvintaneng, I believe your result is not "superb" as claimed .
A true trader/investor will reveal his power / foundation of knowledge as he speaks/voice out his/her opinion.
I can point out several things that you try to "hide".
1. You hide your underperformed counter by sugarcoating with your outperformed stock. 2. Your investing method is punting investment (NTA) and hope for the best. 3. You do not talk about your exposure percentage in your winning or losing stock. 4. You do not talk about the strategy of exit , add on , reduce exposure and so on. 5. The only thing you say is "buy, buy if drop more" such thing.
and so on...
I hope that new investor will not follow your footstep blindly to buy your stockpick.
I have been reading Sun Tze's Art of War. One particular point is "All warfare involves deception".
That's how the Japanese during 2nd World War tricked the Mighty British Army in Singapore. The British thought Singapore was impregnable because of its Huge Guns at Fort Siloso, Sentosa Island - pointing at the Pacific Ocean. No Japanese ship appeared at all. The Japanese Army only 36.000 soldiers defeated the British with 135,000 soldiers.
Japanese Bicycle army came by way of Kota Bahru through Estate Roads - avoiding the major trunk roads which were filled with pill boxes with manned machine guns for protection.
How did these Jap soldiers know. Well, before 2 WW started there were 6,000 Japanese in Malaya & Singapore working as barbers, 10 cent provision store, photographer & other jobs scattered throughout Malaya. They were actually spies. Secretly they took vital photos, drew up road maps, located all the military installations, defense posts and Heavy Guns of the British.
At the outbreak of the 2 WW these "spies" returned to Malaya as "soldiers" and being very familiar with Malaya geography led the invasion.
Now in just weeks Malaya fell & they assembled at Johor.
There were 36,000 Japanese soldiers versus 130,000 British in Singapore. General Percival directed his army to defend the Western Side of Spore with the highest fortification & soldiers. He left the Eastern part of Spore near Kranji to the Australian & local poorly trained soldiers - only a miserable 3,000 to defend it.
Seeing the Heavy Fortification of Changi Beach the Jap really planned their deception well in their Conquest of Spore.
They got together hundreds of lorries at night. Turned on the head lights & drove them from the Western part of Johor to the Eastern Part of Johor. Then they "switched off" the headlights & drove quietly in the darkness of the night back to the Western part of Johor - turned on the head lights again & drove towards the Eastern part of Spore & repeated this process many, many times throughout the entire - CREATING THE ILLUSION THAT JAPANESE SOLDIERS ARE MOVING MASSIVELY FOR A HEAD ON ATTACK IN CHANGI!
This deception worked very well according to plan. Gen Percival & his entire army swallowed the bait & sent more artillery & men to the North Eastern Shore of Spore - preparing for the "invasion".
Then the tens of thousands of Jap soldiers crossed into Kranji. The 3,000 poorly equipped soldiers were caught & surprised & overwhelmed in retreat. When The British found out the truth it was too late!!
After that the Mighty British with 130,000 soldiers surrendered to the Jap with only 36,000 soldiers. It was a battle of brain over brawn.
So what is the moral of the story for BPuri?
DON'T LOOK AT THE OBVIOUS LIKE GEN PERCIVAL WHO MADE THE FATAL MISTAKE!!
Bina puri is defensive? The last I check the investment fraternity was calling nestle, f and n, dutch lady defensive stocks. I believe 'cyclical' will be more appropriate for Bina puri
Heavenexile Bina puri is defensive? The last I check the investment fraternity was calling nestle, f and n, dutch lady defensive stocks. I believe 'cyclical' will be more appropriate for Bina puri 02/10/2016 15:12
Or call it Defensive Cyclical?
It is highly defensive by virtue of its ability to secure contracts from Federal Government, Sabah Govt, Trengganu Govt & Petronas
Wing50 It will be interesting to see your response to the article "Is Bina Puri cheap" in the blog, by "Bursa Stock Talk" on 2/10/2016. 02/10/2016 19:39
Learn to look from a Higher Angle
Remember the Eagle SEES From The Highest Overall Perspective!
Hahahahaha...nekosan, i fully agreed with you!! This calvin real joker in i3
nekosan 533 posts Posted by nekosan > Oct 3, 2016 07:20 AM | Report Abuse
calvintaneng Gadang price now in lofty valuation. So be careful lor!
A safer buy would be BPuri.
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each time whenever a stock get goreng up you sure come in to say rubbish ask people sell etc ... most good example is ifca, you every day ask people sell when it still below 1.0 ... and finally ifca touch 1.8, then aax also same, you ask people sell when it go to 40 cent ... and more funny is you like to recommend rubbish ...
bjcorp tp 10, uems tp 10, and now this conman company bina puri which the result is so horrible.
I think different people see things from different perspective, I think we can learn from each other. I think Calvin is good in digging the undervalued share especially those people think that is rubbish stock. Need patient in this kind of stock. Icon also very good in spotting good shares. Tq for everyone of you.
A better spot into construction sector are 'Piling specialist' eg.Econbhd . ( this sector receive their payment at the initial stage ).
KKB the most beneficiary proxy amongst the Pan Borneo Highway success bidders.
' Cost control ' are Crucial key to be profitable in construction sector. Whereas, Gadang & Kerjaya cosistently deliver a much stedier EBITA than Bpuri.
Posted by klee > Oct 3, 2016 06:26 PM | Report Abuse
How about mpcorp,bjcorp? All who follow now become corpses,Calvin only know how to tokok on winning trades and NEVER admit his mistakes.BEWARE of this con.
Let Calvin tell you 2 true stories
Story No. 1. Perak Corp
I saw Perak Corp with Rm3.00 NTA selling at only 60 cts. So?
So I told my friends to Load up on Perak Corp at 60 cts. And?
And after buying Perak Corp at 60 cts Perak Corp crashed further to 40 cts and changed name to Perak Corpse. Then?
Then one day Perak Corpse turned into POWER CORP AGAIN AND PRICE SHOT UP TO RM3.60.
So those who bought Perak Corp at 60 cts made 900%.
Those who dared to buy at 40 cts (all time low) did even better - Up a Whopping 1,000%
Story No. 2. Pm Corp
For 2 years I told Johor Buddies to buy Pm Corp at 9 cts. Today I just spoke to Mr. Say. He remembered Pm Corp turned Pm Corpse when it crashed further to only 8 cts. I told him I bought PM Corpse at the lowest at 7.5 cts only.
Then one day Pm Corp declared an 8 cts Capital repayment. So all who dared to buy Pm Corp at 8 cts are now holding FREE PM CORP SHARES FOR FOREVER.
As for Mp Corp & Bj Corp Calvin will still be buying on weakness.
See
Price does not determine value. Over the years people have priced Perak Corp at 40 cts & Pm Corp at 7.5 cts.
FOR EVERY STOCK THERE IS AN INTRINSIC VALUE
IF YOU CAN BE ASCERTAINED ON THE ACTUAL INTRINSIC WORTH OF A SHARE.
JUST BUY IT IF IT FALLS BELOW INTRINSIC VALUE!
NO MATTER WHAT THE WHOLE WORLD CHOSE OTHERWISE THE SAFE CRITERIA IS TO BUY A STOCK FAR BELOW ITS INTRINSIC VALUE.
AND NO MATTER HOW POPULAR A STOCK MAYBE TODAY - EVENTUALLY IT WILL GO BACK TO ITS INTRINSIC VALUE.
SO MANY ARE FOOLISHLY PLAYING WITH FIRE WITHOUT THESE SAFEGUARDS.
AND SO THE 10% TRUE VALUE INVESTORS WILL CONTINUE TO SURVIVE IN THE STOCK MARKET. THE REST OF THE 90% WHO ONLY CHASE HOT STOCKS WILL END UP LOSING ALL THEIR MONIES AND STOPPED POSTING LATER
It is rather disappointing to see that you are unable to counter the blog article by Bursa Stock Talk on "Is Bina Puri cheap". Instead you brought up many of your historical stories which has nothing to do with this share at all.
Posted by KLCI King > Oct 4, 2016 02:05 AM | Report Abuse
All palm oil companies recommended by Calvin few months ago all masuk longkang. If you trust him for what he said, you are insane too.
KLCI King 437 posts Posted by KLCI King > Oct 4, 2016 02:06 AM | Report Abuse
Calvin is selectively forgetful person, he can only remember those price up.
Calvin replies,
Answer:
You are careless
You forgot that my Kulim made 60% (this one palm oil) And TMakmur will be making 30% (this one palm oil) Also MKH & MKH Warrant Made 50% (this one also palm oil) Masteel already made 55% Prestar or Pre Star (Buy before it turns into a star) Up 45% And RCECapital already made another 60%
These recent stocks already made
A WHOPPING 300% PROFIT!!! YAHOO!!
Now see what you call Masuk Longkang:
Plenitude is doing fine with BIGGEST IKEA IN TEBRAU BEING BUILT MHC Plant only dropped 10% from 90 cts to 81 cts. Cepat rebounded lately RSawit also dropped by 10% BPlant has given 9 cts dividend THPlant only drop less than 10%. Well supported by Dynaquest Fund Pinepace onlt lost 2 cts. INSAS I bought below 70 cts - so there is a profit Same goes for JTiasa - there is a profit Kwantas rebounding now Opcom just gave a 2 cts dividend - and more cash payout on the way. Multico (MCE Hld) I still making as I loaded more at 72.5 cts.
Since CPO prices will move up strongly in years 2017/8 All Oil Palm stocks should be accumulated on weakness.
And I forgot to mention AJIYAA Jumping YA!
I made more than 100% - Ajiya jumped from Rm2.05 to over Rm4.30 & split.
As for BPuri - who knows IT MIGHT ALSO GO UP 100% to 200%!!
SEE!
You are selectively very very careless
NEXT TIME BEFORE YOU POST YOU MUST CHECK AND COUNTER CHECK CAREFULLY, OK? 04/10/2016 03:43
Bina Puri Holdings Bhd executive director Matthew Tee Kai Woon is of the view that Budget 2017 will be positive for construction firms, with more contracts to be awarded in the final quarter of this year.
“The immediate one will be MRT2 and LRT3, followed by the Sabah section of Pan Borneo Highway next year,” he commented.
Tee also advised investors to start looking at construction stocks, because they are the prime beneficiaries of mega infrastructure projects.
“It should be a good year for us. If the oil price rebounds, there will be a lot of oil and gas projects that require general works from us,” he further said.
Calvin Comments:
NO WONDER MATTHEW TEE INCREASED HIS BINA PURI SHARE HOLDINGS FROM 1.2% TO ALMOST 10%. HE IS SO CONFIDENT OF WINNING PROJECTS FOR YEAR 2017 BUDGET? 04/10/2016 10:17
Matthew Tee only owns 1.85% and not almost 10%. Please check his disclosure to Bursa Malaysia properly. His indirect interest of 7.8% is mostly held by his father, Tan Sri Datuk Tee Hock Seng.
Posted by TheContrarian > Oct 5, 2016 08:29 AM | Report Abuse
Matthew Tee only owns 1.85% of the Bina Puri. His indirect interest is held mostly through his father, Tan Sri Datuk Tee Hock Seng.
Calvin noted
Thanks for high lighting this. Will check on this later.
I am happy to answer Icon8888's question
Posted by Icon8888 > Oct 5, 2016 07:57 AM | Report Abuse
Whether you can make money to follow Calvin to buy Bina Puri will depend on coming quarters results. If results are good, you will make money. Otherwise you will get stuck
Everything else is irrelevant, especially Charter Accountant
Calvin answers:
If you check the project awards
YOU WILL NOTICE THAT MANAGEMENT ALREADY CALCULATED THAT THOSE PROJECTS AWARDED IN YEAR 2015 WILL SHOW UP POSITIVELY IN THE RESULTS ENDING FOR YEAR 2016
Rm80 Millions for 440 Units of Flats in Sabah
The Board is pleased to announce that Bina Puri Sdn. Bhd., a wholly owned subsidiary of Bina Puri Holdings Bhd. had accepted the award for the role of project management consultant for the project known as “Mereka Bentuk, Membina dan Menyiapkan 440 unit rumah pangsa 5 tingkat (walkup flats) serta kerja-kerja berkaitan dengannya untuk Program Perumahan Rakyat (PPR) di Pitas, Sabah from Arus Sutera Sdn. Bhd. at contract sum of RM80 million. The works mentioned above shall be completed within 42 months.
The said project is expected to contribute positively to the net assets and earnings of Bina Puri Group for the financial year ending 31 December 2016.
NOTE: THE SAID PROJECT IS EXPECTED TO CONTRIBUTE POSITIVELY TO THE NET ASSETS AND EARNINGS OF BINA PURI GROUP FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2016
Rm73 Millions For RAPID Project from PETRONAS
EXECUTION OF PIPE SLEEPER AND UNDERGROUND SERVICES PACKAGE FOR PACKAGE-22 RAPID PROJECT The Board is pleased to announce that Bina Puri Sdn. Bhd., a wholly owned subsidiary of Bina Puri Holdings Bhd. had accepted the Letter of Award from Punj Lloyd Sdn. Bhd. on 9 June 2016 for the execution of pipe sleeper and underground services for Package-22 RAPID project at contract sum of RM73 million. The works mentioned above shall be completed within 18 months.
With the latest award mentioned above, the Group’s unbuilt book order stands at RM1.62 billion as at to date.
The said project is expected to contribute positively to the net assets and earnings of Bina Puri Group for the financial year ending 31 December 2016 from the contract income in respect of progress payment received
NOTE: THE SAID PROJECT IS EXPECTED TO CONTRIBUTE POSITIVELY..... ....FOR FINANCIAL YEAR ENDING 31 DECEMBER 2016 FROM THE CONTRACT INCOME IN RESPECT OF PROGRESS PAYMENT RECEIVED.
NOTE FURTHER THESE WORDS CAREFULLY:
"CONTRACT INCOME IN RESPECT OF PROGRESS PAYMENT RECEIVED"
In other words BPURI's RM2 BILLIONS JOB AWRDED IN YEAR 2015 WILL HAVE PROGRESSIVE INCOME ESPECIALLY IT WILL SHOW UP IN THE ACCOUNTS OF 31 DECEMBER 2016
So Seeing GOOF RESULTS AHEAD MATTHEW LEE IS NOW PROGRESSIVELY LOADING UP BPURI SHARES ON THE QUIET
And for Projects Awarded for Year 2016 the results will show up in the Balance Sheet for 31 December 2017.
And More:
Since Malaysia's GE is coming soon there will be more project awards for BPuri as it is Govt Linked. See Pm Najib gave lots of projects to GKent & GKent shares have more than doubled in price by now.
Both UMNO & MCA Companies will need cash for the coming GE - latest by year 2018.
And read carefully the words of BPuri's Matthew Tee:
Bina Puri Holdings Bhd executive director Matthew Tee Kai Woon is of the view that Budget 2017 will be positive for construction firms, with more contracts to be awarded in the final quarter of this year.
“The immediate one will be MRT2 and LRT3, followed by the Sabah section of Pan Borneo Highway next year,” he commented.
Tee also advised investors to start looking at construction stocks, because they are the prime beneficiaries of mega infrastructure projects.
“It should be a good year for us. If the oil price rebounds, there will be a lot of oil and gas projects that require general works from us,” he further said.
NOTE:
1) BUDGET 2017 WILL BE POSITIVE FOR CONSTRUCTION FIRMS 2) MORE CONTRACTS TO BE AWARDED IN THE FINAL QUARTER OF THIS YEAR 3) IMMEDIATE ONE WILL BE MRT2 and MRT3 4) FOLLOWED BY PAN BORNEO HIGHWAY NEXT YEAR (Bpuri with CMSB already secured Sarawak side. Now Brunei & Sabah portion coming soon) 5) HE ALSO ADVISED INVESTORS TO START LOOKING AT CONSTRUCTION STOCKS 6) BECAUSE THEY ARE PRIME BENEFICIARIES OF MEGA INFRARSTRUCTURE PROJECTS 7) IT SHOULD BE A GOOD YEAR FOR US (BPURI) 8) IF OIL PRICE REBOUNDS, THERE WILL BE A LOT OF OIL AND GAS PROJECTS THAT REQUIRE GENERAL WORKS FROM US
AND FURTHER NOTE: BPURI's SUBSTANTIAL SHARE HOLDERS IS MMC'S BOSS. Although he is holding BPuri Shares in private capacity I think if BPuri needs help MMC will definitely be there.
ALL THE SALIENT FACTORS POINT TO A VERY POSITIVE TIME AHEAD FOR BPURI
Please also take notice that Jentera Jati once a largest shareholders has paired down their stakes from over 20% to less than 10% !
And, another prominent business man owned company Bumimaju Mawar has also sold their stakes from over 19% in year 2010 to almost 0% ( not even appeared in the 30 largest shareholders list ) !!
I believe we should also asked ourself why should we buy into Bina Puri if the riched has sold their's at loss ?
Gen2 Please also take notice that Jentera Jati once a largest shareholders has paired down their stakes from over 20% to less than 10% !
And, another prominent business man owned company Bumimaju Mawar has also sold their stakes from over 19% in year 2010 to almost 0% ( not even appeared in the 30 largest shareholders list ) !!
I believe we should also asked ourself why should we buy into Bina Puri if the riched has sold their's at loss ? 05/10/2016 15:58
Yes, Gen2,
Jentera Jati is owned by MMC Boss privately.
fyi
Former Gamuda Director son also took up private placement of BPuri shares at Rm1.00. He is still the Top 2 shareholder of BPuri. His name is Ng Keong Wee.
So over the years substantial holders come and go.
BUT I AM MORE INTERESTED IN WHAT CURRENT DIRECTORS ARE DOING.
Last time I saw INSIDERS OF TN LOGIS BUYING AT RM1.50 & I FOLLOWED THEM. TN LOGIS LATER GAVE BONUS ISSUE, WARRANT AND SHARE SPLIT - PRICE SHOT UP TO RM7.00 and SPLIT UP 500%
SO I EXPECT SOMETHING GOOD TO HAPPEN FOR BPURI ALSO 05/10/2016 17:15
Posted by calvintaneng > Oct 7, 2016 01:58 PM | Report Abuse X
Ok guys,
I have updated the Rm1.35 Billions Pan Borneo Award of which BPuri stated its total then was Rm480.66 Millions.
Will keep all updated as and when Company Announce More New Project awards.
Btw,
I spoke to one Johor Buddy today. He mentioned that he missed buying GKent because it was thought that GKent is only a mediocre company dealing with water meters. Never expected GKent to win MRT project awards.
He mentioned that it was a political link that got GKent such projects. And GKent price shot past Rm2.00
And this same thing is now being done for BPuri. After all BPuri is also politically linked and with General Election expected latest by year 2018 BPuri should be doing well.
That's all for the time being.
See you all.
Please buy or sell according to your own discretion
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JacNgu
214 posts
Posted by JacNgu > 2016-09-30 11:00 | Report Abuse
shit stock despite this lengthy writeup.