Posted by calvintaneng > 2016-10-09 17:47 | Report Abuse

A Big Salute to SALAM!

Clap! Clap! Clap!

You have summarised succintly the core of the focus.

Govt will turn Bpuri from ashes to riches just like they did with George Kent and Gadang.

I am happy that the focus has come into clarity.

Flying birds have learnt to SEE FURTHER LIKE EAGLES.

Posted by k55s > 2016-10-09 18:09 | Report Abuse

Be careful of Calvin promotion here. Just find out Zelan is another Calvin Holland counter even though he just bought 1 mth ago.

Meena counter claim Zelan AED591 million.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5226189

Posted by calvintaneng > Sep 7, 2016 12:03 PM | Report Abuse
Very undervalue now. Just accumulate.
http://klse.i3investor.com/servlets/forum/800000459.jsp

Posted by calvintaneng > 2016-10-09 18:17 |

Post removed.Why?

Posted by Adam Khoo > 2016-10-10 07:35 | Report Abuse

Company with exceptional thin margin is extremely vulnerable to the fluctuation of cost.

BPURI has only 0.3% margin, for every RM1 sales, they only make RM0.003.

It is like if the cost just going up by RM0.01, they will run into loss.

The price of steel & petrol are rising, let look at BPURI next quarter result.

Posted by calvintaneng > 2016-10-10 07:57 | Report Abuse

Posted by Adam Khoo > Oct 10, 2016 07:35 AM | Report Abuse

Company with exceptional thin margin is extremely vulnerable to the fluctuation of cost.

BPURI has only 0.3% margin, for every RM1 sales, they only make RM0.003.

It is like if the cost just going up by RM0.01, they will run into loss.

The price of steel & petrol are rising, let look at BPURI next quarter result.

Calvin answers,

Don't just focus on the cash position alone or you will miss the whole picture. There is a hidden increase of Rm205 millions (in asset value) in USJ Main Place Mall which was not in Year 2014 AR but surfaced only in Year 2015 AR.

For the same reason of low profit margin or even losses many have missed out Pm Corp at only 9 cts.

This is the problem of only knowing skin deep surface accounting.

And Company has repeatedly mentioned that the Works Awarded in year 2015 will contribute positively for year ending 31st December 2016.

Or else why should all 3 Directors take up all ESOS offered at 50 to 54 cts?

So by conventional accounting without thinking out of the box many have missed Pm Corp's potential.

And those who missed Pm Corp at 9 cts will also miss Bpuri at this bargain basement price of 42 cts.

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

In case you guys still cannot SEE what I SEE,

Let me explain by way of illustration

Suppose a Company earns Rm300 Millions net profit for this year.

So by right the accounts should show an increase of Rm220 millions Cash position.

What if Management decides to invest Rm205 millions in Pure Gold Bars.

So?

So the Cash position of the Company's profit is only (220 mil - 205 mil = 15 mil) Rm15 millions.

It is correct to say that Company's Cash Position has increased by only Rm15 millions for the Year. But is that all? No! Definitely not!

The Overall Picture shows that Company has made Rm220 Millions

Cash = Rm15 millions
Gold Bars = Rm205 millions

Total = Rm220 millions

So to Adam Khoo his position is only Rm15 millions profit as shown by Cash & Cash only.

That's why so many are clever in accounting but totally failed in real life investing.

I think business must be really bad in Singapore that you have to Malaysia to "cari makan"

Anyway, welcome to i3 Forum

Here, you will learn to SEE real investment in action

Have a nice day!

Posted by Adam Khoo > 2016-10-10 16:19 | Report Abuse

When it come to shopping mall, size is everything!

The Main Place is a very small neighborhood mall at only 237,000 s.f.

At this size, how could it compete with Sunway Pyramid, Empire, Subang Parade or First Subang Mall or even The Summit?

Up to today, the mall can't even secure a prominent anchor tenant & cinema.

The mall also need to compete with other small mall like The 19 USJ City Mall, Subang Avenue, Da Men & etc.

To make the matter worst, the over supply situation for retail space in Subang/USJ area is very severe & already pulling down the rental rate.

The survival of this mall is really in question. You do not need to be an expert to know the mall is still running at a loss & negative cash flow.

Obviously, the mall is currently a burden not a contributor to BPURI.

Beside that, how much net rental the mall can generate per year base on net rental space of less than 200,000 s.f.?

Posted by AyamDua > 2016-10-10 20:17 | Report Abuse

Sell the mall to Ayam Tua or to Singaporean is better?

Posted by sell > 2016-10-10 20:43 | Report Abuse

Someone promote day and night finally down 0.5 sen today.

Posted by chowsingchi > 2016-10-10 21:18 | Report Abuse

adam khoo is right on the info.

icon is right on the statement .."nobody will take over a company with 581 mil borrowings and net assets of 230 mil"

its true EPS is only a part of the story.
but its also true cash flow negative is bad for the company.
low profit margin, high debt load huge interest expense...looks like got many many red flags

i noticed one thing calvin will never say...he keeps saying insiders buy at a premium for bpuri shares, ESOS n PP...my question is...why do they do that?

1) nobody want to finance them thru bank debt..how to pay with negative cash flow?
2) nobody wants to lend to them thats why they have to do PP
3) most important they DUN have cash dy....

get it?

furthermore..with the PP, it is still a form of debt...with interest to be paid...keep kicking the can debt down the road?

this company is just too risky with PE 40 somemore.

perhaps with PE 10 n below can buy la...cheap hehe( 10c coming?)

Posted by chowsingchi > 2016-10-10 21:24 | Report Abuse

banking on political connections is a bet on uncertainty. this is dangerous.

perhaps when bina puri is 10c then maybe can consider...hehe

Posted by calvintaneng > 2016-10-10 22:34 | Report Abuse

chowsingchi,

PP is not a form of debt. no interest is payable.It will be treated like any other ordinary share.

If you are not sure don't simply post nonsense, ok?

Posted by calvintaneng > 2016-10-10 22:34 | Report Abuse

calvintaneng choop818

I think Calvin can enlighten us as he has lately been strongly promoting this counter.
10/10/2016 21:52

All the monies gone?

Go and SEE Bina Puri Annual Report year 2014

Nothing much. Except Rm30 millions in Real Estate

Then in Year 2015 Annual Report of BPuri

ZOOM! Main Place Mall appeared. AND?

AND WHOOPIE: RM205,000,000 (RM205 MILLIONS) ASSET VALUE APPEARED THERE!!

Many Other ASSETS WILL APPREAR

See this OPUS Worth Rm338,000,000 (RM338 MILLIONS) Appearing Some Day

See

http://www.opus.com.my/

And Many More ASSETS OF HIGH HIGH VALUE WILL APPEAR ONE BY ONE TO THE GASP AND SURPRISE OF ALL!!
10/10/2016 22:05

Posted by calvintaneng > 2016-10-10 23:03 |

Post removed.Why?

Posted by davidkkw79 > 2016-10-14 22:29 | Report Abuse

Holland call again by this old folk.