(2 CHUN CHUN CALLS ON JULY 12 2014: RoCket can still fly up. RceCap later flew to a high of Rm1.90. Have to sell sumatech which later crashed from 60 Sen to 6 Sen - Crashed 90%)
TO BUY RCECAP AT 27.5
TO SELL SUMATECH OVER 50 SEN
RCECAP Gone Over Rm1.60 Later
And Sumatech crashed to 6 sen!!!
SO THIS MAY HAPPEN TO OVERVALUED AEON CREDIT AS PRICE MIGHT GO DOWN
This is a rather simplified analysis. No doubt each company have different strengths, and in different cycles of their sales and profit. How come selling foreign land at a time Ringgit appreciating? That will be a loss.
Like OSK,if TA don't reward it's shareholders,the share price won't move at all. Hope TA management has much more consideration to it's shareholders than OSK.
@calvintaneng hi calvintaneng need ask Corporate Name : PERAK CORPORATION BERHAD Symbol & Code : PRKCORP (8346)
0.79 -0.055 (6.51%)
PERAK CORPORATION BERHAD now only 79sen with nta mre than 300 so do u think now can sapu actually currently I keep sapu bonia and opcom but PERAK CORPORATION BERHAD and Ta still under monitor do you think PERAK CORPORATION BERHAD long term can be a profit counter thanks calvin
You have to be a fool to value banking stocks based on NTA and Net Margin only.
By that same NTA metric, i can think of so many companies cheaper than TA enterprise. Plenitude, L&G, Mahsing, KSL, Orient etc etc.
PLease don't go around playing the Walter Schloss of malaysia but sell your stock like you're KYY.
I dont remember walter schloss everyday tell people to buy this buy that. In fact, he prefers not to tell people what he buy, cause if they knew, they would not invest in him.
The majority of earnings by TAE this year is fair value gains, that that away, and the P/E goes more than 10.
As always people, remember Calvin, knows how to sniff stocks with nice assets behind. But he will sell you the stock as if you should sell you mother to buy it. He is a former used car salesman after all.
Listen to the facts, ignore the opinion. TAE is at best a 2-3% position. Not sell your mother and buy position.
lets start from the beginning of yr and we look at clown calvintaneng's result thus far.
he gave buy calls on mrcb in early jan, 7/11 in early jan, mphb in early jan, carimin in late jan, bonia in early feb, csc steel in early feb and ta in mid feb.
mrcb was 1.25 and now is 1.04, mphb was 1.85 and now is 1.97. 7/11 was 1.53 and now is 1.51, carimin was 0.43 and now is 0.30, bonia was 0.50 and now is 0.48, csc steel was 1.51 and now is 1.43, finally, his lates promotion of ta was 0.62 and is now 0.60.
as we can see, the only stock in positive territory is mphb, up ard 6.5% while the rest r down.
thus, of the 7 buy calls he gave, 6 r in the red with 3 deeply in the red in excess of 10%.
Posted by ivan9511 > Mar 12, 2018 04:31 PM | Report Abuse
@calvintaneng hi calvintaneng need ask Corporate Name : PERAK CORPORATION BERHAD Symbol & Code : PRKCORP (8346)
0.79 -0.055 (6.51%)
PERAK CORPORATION BERHAD now only 79sen with nta mre than 300 so do u think now can sapu actually currently I keep sapu bonia and opcom but PERAK CORPORATION BERHAD and Ta still under monitor do you think PERAK CORPORATION BERHAD long term can be a profit counter thanks calvin
Ivan,
Perak Corp brought back very nostalgic memory for me.
I think about slightly more than 10 years ago I bought Perak Corp at 60 sen then when I saw its NTA over Rm3.00
I also saw it own 1,000 Acres of Land in Lumut.
I saw the huge undervaluation. So I happily bought at 60 Sen
Then I told everyone in Johor about Perak Corp BUT NO ONE WAS INTERESTED IN PERAK CORP AT ALL
So I called my friend Mr L of Sitiawan. He is a Big Time BOSS OF A USED CAR COMPANY IN MANJUNG. LATER HE BECAME A HOUSING DEVELOPER
M. L called his Ipoh Remisier & they poured cold water on him. They said there is nothing good left in Perak as all young people migrated to the bright lights of KL. So only old people & young children left in Perak. So Perak Corp cannot buy.
It was a total let down as NOBODY believed me.
And to my horror Perak Corp crashed further from 60 sen to the low of 40 sen
But I grit my teeth & held on tightly!!
Then one day Perak Corp powered to Rm1.60 (Up 400%!!) And I sold all.
Ha! After selling Mr. L of Sitiawan called & asked about Perak Corp. I told him it's run away already so better forget it.
Years passed and in year 2013 I joined i5 Forum
TO MY BIG SURPRISE PERAK CORP HAD CROSSED RM3.00!!!
THEN IT REACHED RM3.60 (WOW!!!) UNBELIEVABLE!!
BUT THE MOST UNBELIEVABLE THING IS THIS
SO MANY EXPERTS AND SIFU IN i3 FORUM WERE GOING GAGA OVER PERAK CORP AT RM3.60
SOME EVEN SAID THAT PERAK CORP SHOULD BE WORTH RM5.00 & OPPPOSED PRIVATISATION AT RM3.90
END OF STORY
PERAK CORP BEING A CYCLICAL STOCK HAS COME FULL CYCLE BACK TO 79 SEN TODAY
Posted by Jon Choivo > Mar 12, 2018 05:37 PM | Report Abuse
You have to be a fool to value banking stocks based on NTA and Net Margin only.
By that same NTA metric, i can think of so many companies cheaper than TA enterprise. Plenitude, L&G, Mahsing, KSL, Orient etc etc.
PLease don't go around playing the Walter Schloss of malaysia but sell your stock like you're KYY.
I dont remember walter schloss everyday tell people to buy this buy that. In fact, he prefers not to tell people what he buy, cause if they knew, they would not invest in him.
John Choivo,
If you had not commented I would have kept silent on your WCE
I bought KEuro (WCE) at 27 Sen when its NTA was almost Rm1.00
That time its sister company Talam went into PN17 & Brisdale was delisted.
Many were afraid to buy KEuro then at 27 Sen
Then I saw KEuro bought into Talam. And IJM bought into Keuro
IJM being Govt owned will save Keuro, I thought?
And I was correct!
Keuro jumped 200% to over 81 Sen because of West Coastal Highway News
I made Very GOOD MONEY FROM KEURO (WCE)
I am surprised that you only now go gaga over this WCE.
I don't it a wise decision to put more than 3% of your clients' capital into WCE
These are my reasons
1) My Johor Sifu bought LITRAK because SS@ to Puchong are jammed with affluent travellers. So it is doing well
2) We bought MTD Infrar which owned THE MONOPOLY TOLL OF GOMBAK TO KUANTAN. It was so profitable as many go Genting punting. But MTD took MDT Infrar private to our loss
3) SILK Highway is not doing well so SILK sold it away
4) Even EDL TOLL OF JOHOR CAUSEWAY ALSO NOT DOING WELL. SO GOVT HELPED MRCB TO SCRAP IT FOR COMPENSATION
5) PLUS I BOUGHT ABOUT RM2.50. ALAS! PLUS WAS TAKEN PRIVATE BY UEM
6) LATTAR HIGHWAY BY BPURI is still under utilised & struggling
7) I don't see how WCE going to generate much profit as there is a recession currently due to GST & high inflation.
Coming back to your constant accusation
YES!
IF GOOD STOCKS ARE NOT RECOMMENDED BAD STOCKS WILL BE
AND SO IF YOU THINK YOU HAVE GOOD STOCKS BY ALL MEANS RECOMMEND TO i3 MEMBERS
ALL CAN DECIDE FOR THEMSELVES
As for WCE I respect felicity's views
IF ONLY YOU GUYS DARE TO BUY IT AT 27 SEN
So sorry you missed>
And don't be another too "clever" expert calling for a buy on Perak Corp at Rm3.60
I will not buy company that posted loss so much like media,perak corp,perisai,kinsteel.loss so much can be in danger of PN17.if one can hold stocks why pick these kinda bad apple?
Posted by Jon Choivo > Mar 12, 2018 05:42 PM | Report Abuse
The majority of earnings by TAE this year is fair value gains, that that away, and the P/E goes more than 10.
As always people, remember Calvin, knows how to sniff stocks with nice assets behind. But he will sell you the stock as if you should sell you mother to buy it. He is a former used car salesman after all.
Listen to the facts, ignore the opinion. TAE is at best a 2-3% position. Not sell your mother and buy position.
HAHAHA!
2% to 3% position in TAE?
I got slightly more than that.
As for your 3% in WCE?
Better switch to other beter stocks
Daiman, Plenitude, Crescendo as well as Keck Seng people I know personally.
Now JB is flooded with 9,000 Units of Apartments from Country Garden. And Banks are stringent in giving out loans for Properties over Rm700,000
As of now Daiman (Tmn Gaya), Plenitude (Tebrau), Keck Seng (Tmn Daya) still got some precious pockets of lands
I asked them to build single storey houses which will sell like hot cakes
THEY ALL REFUSED!! AS PROFIT IS TOO LITTLE SINCE COST OF LAND, MATERIAL & LABOUR IS VERY HIGH
SO NOW IS JUST WAITING GAME
ONLY SCIENTEX IS CLEVER TO BUILD LOWER END AFFORDABLE HOUSES WHICH ARE SELLING LIKE HOT CAKES IN BOOMING ISKANDAR
No wonder Scientex share price gone skyhigh
Also too high for Calvin to buy Scientex now too late
I only buy when people is scared.....hahaha.i key in butaland at 53 cts no get,muib at 18cts no get but get some carimin.sold opcom at 47,47.5,48cts,hopefully next few days force selling drop to 38cts for me to buyback.....hahaha
Posted by apolloang > Mar 12, 2018 10:10 PM | Report Abuse
I only buy when people is scared.....hahaha.i key in butaland at 53 cts no get,muib at 18cts no get but get some carimin.sold opcom at 47,47.5,48cts,hopefully next few days force selling drop to 38cts for me to buyback.....hahaha
HAHAHA!
YOU ARE VERY STREET WISE!! UNLIKE ARM CHAIR ANALYST WHO ONLY GO BY THE BOOKS
Jon Choi is young, but a very avid reader of history.
There is a line by Nassim Nicholas Taleb i like on advice.
"When the giver's hair is black, heed the reasoning but ignore the conclusion.
When his hair is grey, consider both reasoning and conclusion.
When his hair is white, skip the reasoning but mind the conclusion."
My hair still black, so maybe you shouldn't mind my conclusion so much.
But when banks failed, its was always due to over leverage, off balance sheet liabilities, failure to manage cash flow or derivatives.
I dont think RCECAP is meets any of those failure points. I wrote something on the valuation of banks. Feel free to read it and tell me where i went wrong.
Posted by calvintaneng > Mar 12, 2018 10:06 PM | Report Abuse
Jon Choivo is too young to know what happened to 49 Banks and Financial Institutions before 1997/8 Crisis
Banks, too need Margin of safety
More than 40 Banks like Sime Bank, UMBC Bank, Eu finance, MCf, MBf, Setia Timor, Bank Utama, Credit Corp & others gone bankrupt & were swallowed
Bear Stern, Country, Lehman Brothers, Barings Bank went kaput in 2007/8
CALVIN CALLS YOU TO BUY WHEN PRICE IS CHEAP & VALUE HAS EMERGED
And if After Buying MphbCap at Rm1.30, Dutaland at 39 Sen, Kpscb at 53 sen, Mui at 16.5 sen or Bj Corp at 32 sen or Masteel at 66 sen or Prestar at 46 sen or Jaks at 40 sen, or Drb at 92 sen (this one delicious!!) or MyEg at Rm1.00 or Opcom at 36 sen
If price goes up. Good
If price goes down just add more
So for MRCB & TA ENTERPRIZE If Prices go down
CALVIN & BUDDIES JUST HAPPILY WALLOP & WALLOP & WALLOP SOME MORE!!!
But what you mean is : THESE ARE NO BRAINER SURE FIRE WINNERS!! (given a long enough time, which may exceed 5 to 10 years)
What you don't say is as important as what you say. Same as stockraider. Only say the good things, nothing about the bad things. Very one dimensional. Very salesman like.
the CAGR of your stocks after 5 years can be pretty good. But not many people can tahan the drop or zero movement for a long time. I can since im patient. But others, i doubt it.
Despite knowing most wont be patient enough to hold your picks and thus lose money, you still try so hard to convince them to buy, giving them the impression that the paper gains will come immediately and they should sailang and put everything in.
Why spend so much time on the forums commenting? Because, at your core, you are probably 49% a trader. Time matters alot to you. You want price to move NOW!
Posted by calvintaneng > Mar 12, 2018 11:02 PM | Report Abuse
Jon Choivo See what i mean by the salesman in you. :)
You say: THESE ARE NO BRAINER SURE FIRE WINNERS!!
But what you mean is : THESE ARE NO BRAINER SURE FIRE WINNERS!! (given a long enough time, which may exceed 5 to 10 years)
What you don't say is as important as what you say. Same as stockraider. Only say the good things, nothing about the bad things. Very one dimensional. Very salesman like.
the CAGR of your stocks after 5 years can be pretty good. But not many people can tahan the drop or zero movement for a long time. I can since im patient. But others, i doubt it.
Despite knowing most wont be patient enough to hold your picks and thus lose money, you still try so hard to convince them to buy, giving them the impression that the paper gains will come immediately and they should sailang and put everything in.
Why spend so much time on the forums commenting? Because, at your core, you are probably 49% a trader. Time matters alot to you. You want price to move NOW!
Posted by calvintaneng > Mar 12, 2018 11:02 PM | Report Abuse
THESE ARE NO BRAINER SURE FIRE WINNERS!! 12/03/2018 23:09
YES!!
WHEN I SEE A POTENTIAL STOCK WITH DEEP VALUE & UPSIDE I WILL SHOUT IT OUT
See
Posted by calvintaneng > Dec 16, 2014 03:00 PM | Report Abuse X
Whoa!
Top boss bought at 44 cents and above, millions of them. Anything below 40 cents is a bargain!
So don't wait or else Jaks jump Jump JUMP Up And Away!
See how I called for a buy on Jaks at 40 sen? J
Jaks was 40 sen with NTA over Rm1.00 (And I studied its defensive Assets which only now they are selling to save & prop up Jaks lofty prices.)
Jaks jumped to Rm1.00 & I called for a sell with warning that Jaks is a cyclical
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....
joetay
3,737 posts
Posted by joetay > 2018-03-12 08:22 | Report Abuse
pls dont jinx aeon credit, clown calvintaneng.
lol.............