Posted by VenFx > 2016-10-08 08:12 | Report Abuse

Thx to Adam Khoo to reflect the True fact for BPURI poor earning.
i3 need more forumers like you.

Posted by Ricky Kiat > 2016-10-08 08:44 | Report Abuse

thanks bro Adam khoo.

Posted by calvintaneng > 2016-10-08 08:54 | Report Abuse

Calvin welcomes Adam Khoo from Singapore?

This is a record of BPuri's past quarter & past year results. On face value they look like BPuri had gone through a bad patch.

Now I have experienced this same scenario like I did with Pm Corp.

I know from experience so many accountants, stock analysts, stock brokers & experts disagreed with me then with Pm Corp's past results.

Pm Corp crashed from 50 cts all the way to 15 cts when I bought it. And I bought even more at 13 cts to 9 cts.

When Pm Corp was at 9 cts the results were just like this BPuri now.

I spoke to one Remisier in Iskandar about the rosy prospect of Pm Corp in year 2012. He took one look at Pm Corp's few quarterly results & immediately commented that Pm Corp was a lousy stock.

What he missed? What he did not see?

Pm Corp was asset rich. Its Net Assets Was More than its net debt. He only saw the surface. He did not make the effort to dig deeper. So he missed this Pm Corp gem at 9 cents.

Then Pm Corp disposed a factory in Singapore. Accounts showed a turn into earnings & Pm Corp declared a 3.2 cents profit. Only then Market woke up to realize that PM Corp was a gem.

Pm Corp price touched 36 cents twice.

How many missed buying Pm Corp at 9 cts for year 2012 & 2013 - 2 Whole Years Calvin told countless Johoreans to buy Pm Corp at 9 cts.

If they have bought they would have reaped 300% gain from 9 cts to 36 cts in just 1 to 2 years away.

Now I don't dispute the excellent charts brought out by Adam Khoo.
You can be correct as far as the past records are concerned. That was a bad patch we have just drove past. That was a bad patch for Bpuri.

THE FUTURE IS YET AHEAD! And You missed to SEE these in BPURI

1) All the debts of BPuri are baked by Quality Assets which can be sold to settle debts

2) The payable is backed by receivables. And the receivables are from Governments & Petronas. So there is a defensive element.

3) You must realize that all other accountants & analysts lke you have also read and understood the poor results of BPuri. And thus they have sold down BPuri from Rm1.50 to 42 cts. SO ALL THE BAD NEWS ARE ALREADY PRICED INTO THE 72% DISCOUNT IN BPURI'S SHARE PRICE REFLECTED NOW AT 42 Cts (Was Rm1.50

4) You must know that just like Gadang & George Kent BPuri is also politically linked. And with election year latest by 2018 MCA backed stock like BPuri would also need money like UMNO Counter.

5) The visible Job contracts for year 2015, 2016 already reached Rm2 billions. And Management is also bullish on securing more 2017 contracts

6) Above all the actions of INSIDERS Buying 3.2 million ESOS & Interested Parties willing to buy 21 million & another 24 millions private placement shares speak louder than words. THE FACT THAT THEY ARE EVEN WILLING TO PAY A PREMIUM OF 25% TO BUY BPURI SHARES INDICATE EXTREME OPTIMISM ON THEIR PART. THEY SEE WHAT YOU ARE OTHER ACCOUNT OR ANALYST CANNOT SEE AT THE PRESENT MOMENT

7) ONLY TIME WILL TELL. WILL BPURI SHOOT PAST RM1.00

For that Calvin can wait


Regards,

Calvin Tan Research

Posted by VenFx > 2016-10-08 09:15 | Report Abuse

Yaa, earning will be eroded heavily by the interest from Bpuri borrowing. No need rocket science to read that.
Why Calvin never reveal that ??? Spare the i3 newbies lar.

Posted by calvintaneng > 2016-10-08 09:24 | Report Abuse

2 things will settle Bpuri debts and pare down borrowings

1. Private Placement is used to repay bank borrowings. Bpuri is getting a premium of 25% from 50 cts. There is an indirect gain just by placing out these pp shares. See Nav has gone up from 93 to 94 cts.
No need to pay into for pp shares.

2. Bank borrowings could be further brought down by progressive payments from Year 2015 ongoing jobs

One more defensive reserve is this:
Bpuri USJ Rm205 million shopping complex could also be sold and settle debt.

Posted by VenFx > 2016-10-08 09:48 | Report Abuse

Tiu, worst practice to exercise P.P. to pare down debts.
For acquisition and furthur expanding are acceptable, what chicken is that..pare down DEBT ? Are U kidding ???

Posted by VenFx > 2016-10-08 09:50 | Report Abuse

That's why your picks are mostly flushed to the drain, bang it out Calvin .Before u move on, for your own good sake.

Posted by calvintaneng > 2016-10-08 09:55 | Report Abuse

Ya,

I FORGOT TO MENTION.

PARING DOWN DEBTS. FOR WORK PROGRESS EXPENSES.AND FURTHER INCOMING PROJECTS.

NOW GOING FOR A NICE MORNING BREAKFAST

Posted by Gen2 > 2016-10-08 11:34 | Report Abuse

.
Calvin, I have remind you twice !
Bina Puri ONLY HAS 33% stakes in USJ main place mall.

I really doubt your credential and integrity should you keep repeating to mislead peoples here !
.

Posted by VenFx > 2016-10-08 11:41 | Report Abuse

Must support Gen2,
in helping i3 forumers to reveal CALVIN's bad conduct with tweaking truth.

Posted by calvintaneng > 2016-10-08 11:44 | Report Abuse

Posted by Gen2 > Oct 8, 2016 11:34 AM | Report Abuse

.
Calvin, I have remind you twice !
Bina Puri ONLY HAS 33% stakes in USJ main place mall.

I really doubt your credential and integrity should you keep repeating to mislead peoples here !
.

Calvin already pointed out:

It is not whether BPuri has 33% or 50% or 100% of USU Main Place Mall.

THE IMPORTANT THING IS THIS

BPURI HAS A NET WORTH OF RM205,000,000 (RM205 MILLIONS WORTH OF VALUE INSIDE THE MALL)

I REFER TO RM205 MILLIONS WHICH CAN BE SOLD OFF AS A FORM OF DEFENSE AGAINST DEBT.

You can verify the truth in BPuri's Annual Report - Under Properties owned by BPuri

Posted by PlsGiveBonus > 2016-10-08 11:53 | Report Abuse

Johor buddy is very rich
They buy one full lorry of mpcorpse pm corpse bjcorpse

Posted by Gen2 > 2016-10-08 13:04 | Report Abuse

.
Calvin, 33% of 205m is about 70m , don't mislead people here !
.

Posted by traderman > 2016-10-08 13:12 | Report Abuse

Calvin how's your old darling bjcorp and uems? In Holland right? Soon bpuri will join them

Posted by klee > 2016-10-08 13:20 | Report Abuse

One thing is certain for calvintan...his face skin is bullet proof....thickest face skin in i3...wakakakaka.

Posted by calvintaneng > 2016-10-08 14:26 | Report Abuse

Gen2

According to Annual Report

Bpuri has Rm205 millions in Main Place Mall.
The figure is given by Bpuri

Go and check it out yourself

Posted by chowsingchi > 2016-10-08 14:32 | Report Abuse

but they still owe bank 400million....205mil in main place mall only can settle half wor.... the other half how?

Posted by calvintaneng > 2016-10-08 14:37 | Report Abuse

There are so many other pieces of real estate .
A row of shop houses in kl.
Toll road concession
Power assets
Lots of other condos
Quarry and concrete mixer batching plants

In total

all combined debts minus total combined assets

BPuri still has NAV of 93 cts.

Posted by chowsingchi > 2016-10-08 14:40 | Report Abuse

if they have so many assets why still need private placement le? what happened to all their operating cash flow le?

Posted by calvintaneng > 2016-10-08 14:45 | Report Abuse

Assets can be sold down if they wanted to like Pm Corp selling factory in Singapore and selling laura ashley franchise in South America.

Why ask for pp?

I think they already stated

1. Par down debts
2. Cheaper way to raise funds. No need to pay bank interest.
3. Funding for ongoing projects and more new projects on the way

Posted by chowsingchi > 2016-10-08 14:52 | Report Abuse

hmmm negative CFO...interesting

Posted by Gen2 > 2016-10-08 15:08 | Report Abuse

.
Calvin, please post the proof here to justify what you said of 205m. Thanking in advance.
.

Posted by calvintaneng > 2016-10-08 15:11 | Report Abuse

Gen2

Do you know how to access Annual Report of Bpuri?

Go to Bursa Saham website.

Search under Bpuri

Click annual report 2015.

Got it?

Then scroll all the way down.

You will see 2 things

1) 30 Top share holders
2) Properties ownen by Bpuri

Now look carefully under Usj Main place mall

It stated there - Bpuri assets is worth rm205,000,000

Posted by calvintaneng > 2016-10-08 15:18 | Report Abuse

I am now sitting in McDonald restaurant in Iskandar. Just looking at my handphone to confirm it with my eyes again.

Yes,it' s stated clearly that Main Place Mall

Bpuri net value in assets is rm205,000,000

Wish you are now sitting beside me so that I can show it to you

Posted by Benjamin_8888 > 2016-10-08 15:38 | Report Abuse

Which McD u at now?

Posted by calvintaneng > 2016-10-08 15:38 | Report Abuse

Masai

Posted by newbie92 > 2016-10-08 15:39 | Report Abuse

Near Regency hospital?

Posted by calvintaneng > 2016-10-08 15:42 | Report Abuse

That is Sri Alam

I now in Kota Masai

Coming call me at 0146101668

I will belanjar Big Mac, ok?

Posted by Gen2 > 2016-10-08 16:47 | Report Abuse

Ok. Thanks Calvin noted that!

Posted by Benjamin_8888 > 2016-10-08 17:58 | Report Abuse

I'm too far from kota masai, next time. Any good project there?

Posted by calvintaneng > 2016-10-08 18:13 | Report Abuse

Yes, ecoworld and mahsing bandar meridin east houses selling well. I came here to check up on Bpuri's jv with Nusa Damai Prima projects.

Think Bpuri apt will sell well due to its proximity to Bandar Sri Alam. Bandar Sri Alam is known as the City of Knowledge as there are many uni and higher institution of learning here.
Since apt is medium cost there will be great demand as student's hostel.
And education is quite recession proof

Posted by calvintaneng > 2016-10-08 18:14 | Report Abuse

Haha! I AM HAVING FISH SOUP DINNER IN TMN PERLING

DO DRIVE HERE STRAIGHTAWAY.

CALL ME AT 0146101668

YOU ARE WELCOME

Posted by calvintaneng > 2016-10-08 18:15 | Report Abuse

Alan Gan call me please at 0146101668

Posted by calvintaneng > 2016-10-08 18:27 | Report Abuse

Where you stay?

I travel whole Iskandar every week.

Sms me where to meet.

Will call you when I going there, ok?

Posted by promote > 2016-10-08 19:09 | Report Abuse

bE WARY AND EXTREMELY cCAREFUL, about this CALVIN, THE BROTHER OF CHARLIE.

HE HEAVILY PROMOTED BJCORP (60SEN), MULPHA(42SEN), PERISAI(50SEN), ALAM(50SEN)ONCE.

HE just slightly, or cincai promoted SUPER.

If you don't know what I mean, you are in great danger. Good bye.

Posted by TheContrarian > 2016-10-08 19:12 | Report Abuse

Who is Charlie?

Posted by Adam Khoo > 2016-10-08 20:36 | Report Abuse

I am here just to point out the reasons why BPURI EPS is so low.

No matter how valuable the asset the company have, how many project the company have, at the end of the day it is the Earning Per Share that determine the share price.

Just ask a question, will you invest in a company that make "0.3%" profit over the past 2 years? Even a sundry shop like 7 Eleven make much higher profit margin.

Just imagine if the cost overrun even by just only 1%, and cost overrun by up to 5% is very normal in construction industry, then BPURI will lose money, & the share price will tumble.

The risk to reward ratio for this stock just do not make sense.

Why take so much risk when you have so many much better alternative? There are so many construction company with much better potential to choose from.

Posted by Gen2 > 2016-10-08 20:50 | Report Abuse

Well said Adam Khoo, I bought from 60+ cents and average down to 30+ cents. Attended twice the agm at selayang, went many times to main place, still I could not be sure to cut loss or hold on for it. As I tell Calvin, welcome on board...but...to wonderland or holland ?

Posted by telusdansuci > 2016-10-08 20:52 | Report Abuse

Don't play play with Adam Khoo . Do you know who is Adam Khoo . I learn so many investment books from Adam Khoo .(1). Secret Of Self Make Millionaire,(2). Secret of Millionaire Investors , (3). Profit From The Panic and etc.......

Posted by ezobear > 2016-10-08 21:26 | Report Abuse

Bro Calvin, proud of you. Your write up triggered so many responses.
Next time come Penang I Belanja you ..
Matthew Tee sure laugh like hell after seeing these posts, his company gain so many free publicity thanks to Calvin

Posted by calvintaneng > 2016-10-08 22:05 | Report Abuse

Posted by ezobear > Oct 8, 2016 09:26 PM | Report Abuse

Bro Calvin, proud of you. Your write up triggered so many responses.
Next time come Penang I Belanja you ..
Matthew Tee sure laugh like hell after seeing these posts, his company gain so many free publicity thanks to Calvin

Thank you Ezobear,

Thinking of Penang food? Wow! So nostalgic.

I missed the Penang Hor Fun of Rifle Range Flats, the apom near MaCalister Road. Also the Penang Chen doi in Penang Road, the Assam laksa in Ayer Itam, the fish porridge near Penang Hill where I used go for dinner. Not forgeting the very excellent Nasi Kandar in Tanjung Bungah. I also miss the nice durian from Ayer Itam Dam. And Koay teow teng found almost everywhere in Penang. Ha! I also remember the Indian Pasumbuk along Gurney Drive. Gurney Drive? I used to go fishing there as well as Batu Feringgi. SOOOO NOSTALGIC MEMORY INDEED.

MANY THANKS!

Posted by ttb88 > 2016-10-08 22:15 | Report Abuse

Matthew Tee is my friend, he is interested to have a cuppa with calvintaneng.

Posted by calvintaneng > 2016-10-08 22:47 | Report Abuse

Posted by Adam Khoo > Oct 8, 2016 08:36 PM | Report Abuse

I am here just to point out the reasons why BPURI EPS is so low.

No matter how valuable the asset the company have, how many project the company have, at the end of the day it is the Earning Per Share that determine the share price.

Just ask a question, will you invest in a company that make "0.3%" profit over the past 2 years? Even a sundry shop like 7 Eleven make much higher profit margin.

Just imagine if the cost overrun even by just only 1%, and cost overrun by up to 5% is very normal in construction industry, then BPURI will lose money, & the share price will tumble.

The risk to reward ratio for this stock just do not make sense.

Why take so much risk when you have so many much better alternative? There are so many construction company with much better potential to choose from.

Calvin replies:

Your statement, "at the end of the day it is the Earning Per Share that determine the share price" is only half the truth.

EPS IS NOT THE ONLY CRITERIA TO DETERMINE SHARE PRICE.

What then determines The Price of a Share?

ANSWER:

INTRINSIC VALUE!
YES! I REPEAT - INTRINSIC VALUE!

Look at my call to buy Kulim at Rm2.50

Where got EPS?
In fact the last 2 quarterly results of Kulim

On Feb 2016 shows -2.80 (sen)
On May 2016 shows -2.86 (sen)

YET JOHOR CORP OFFERS TO TAKE KULIM PRIVATE AT RM4.10 (A PREMIUM OF RM1.60)

Here is a clear cut example that the PRICE OF A SHARE IS NOT DETERMINED BY EPS (2 QUARTERS NEGATIVE EPS)

JCORP BELIEVES THAT THE INTRINSIC VALUE OF KULIM IS MUCH MORE THAN THE TRADED PRICE OF RM2.50 & SO THEY TOOK IT PRIVATE AT RM4.10

I hope you are not just another arm chair analyst

Posted by why_no_dividend > 2016-10-09 04:35 | Report Abuse

Who want to takeover BPuri like Johor Corp takeover Kulim? There are many undervalued stocks with better earnings in Bursa than B Puri. Is Matthew Tee that rich like Johor Corp?

RM 205 million shopping mall. Perhaps abandoned mall like Midland One-Stop in Penang no wonder profit so low and high debt.

Posted by calvintaneng > 2016-10-09 11:07 | Report Abuse

Who wants to takeover BPuri?

That is precisely what Calvin is watching.

Interested parties have already taken 21 million shares of Bpuri through Private placement at 50 cts a piece.

Directors also taken 3.2 million Bpuri shares through ESOS at 50 to 54 cts.

Now another 24 million Bpuri shares will be taken up again at no less than 50 cts a piece

Warren Buffet said when we buy shares we are actually buying a Business or Company.
We can buy the Whole Business (takeover)

Or we can also buy pieces of the Business or Company.

Now Calvin sees people not just buying BUT THEY ARE GREEDILY GOBBLING UP 48.2 MILLION BPURI SHARES!

This is also a covert kind of takeover. And just like JCorp paying a premium of Rm1.60 to takeover the entire Business of Kulim

The Insiders of BCorp are taking BIG PORTION OF BPURI SHARES AT 20% PREMIUM.

Can you SEE what I SEE?

Posted by Icon8888 > 2016-10-09 11:14 | Report Abuse

nobody will take over a company with 581 mil borrowings and net assets of 230 mil

trust me

Posted by Icon8888 > 2016-10-09 11:17 | Report Abuse

you only take over company with huge surplus cash. You use the cash to pare down the new loans you use to finance the take over

nobody will take over a debt laden company which barely survives

Posted by ahjib88 > 2016-10-09 11:17 | Report Abuse

Icon8888, lets fry Tecguan again.

Posted by calvintaneng > 2016-10-09 11:25 | Report Abuse

Evidence speaks loud and clear.

3 Directors bought 3.2 million Bpuri shares from 50 cts to 54 cts.

They should be selling down rather than taking up ESOS SHARES.

More Evidence that speaks louder.

Interested parties are willing to pay 25% premium for pp shares. 21 million shares were taken up.

Coming Evidence you must watch.

Another 24 million BPuri shares will be placed out not less than 50 cts.
That's 18% premium to current price from open market.

All these evidences show people act with their money.

Posted by SALAM > 2016-10-09 16:35 | Report Abuse

Icon, the what the great Calvin was trying to put forward is the fact of unknown political catalyst which could eventually push up BP like what happened to GK and GDG years ago in turning them from ashes to riches after clinching great govn contracts. Beyond this, the rest are ashes and shits...Right ??