AMAZING TESTIMONY OF TAN SRI DATUK CHAN ON TALAM TRANSFORM
Some lessons
1) WITH RM7 BILLIONS IN ASSETS AND RM5 BILLIONS IN BORROWINGS
2) TO BE THE BIGGEST PROPERTY DEVELOPER 20 YEARS AGO (TALAM, LARUT, BRISDALE & KEURO)
3) NEED TO HAVE VERY HIGH TURNOVER. DUE TO SHEER VOLUME PROFIT MARGIN IS VERY THIN
4) AT THAT TIME SALES PER WEEK WAS RM25 MILLIONS TO PAY BANK LOANS & CONTRACTORS FOR BUILDING 13,000 HOUSES
5) SUDDEN CHANGE OF GOVT POLICIES REGARDING HILL SLOPE DEVELOPMENT & CUTTING DOWN OF FOREIGN WORKERS CUT SALES BY 80% FROM RM25 MILLIONS PER WEEK TO ONLY RM5 MILLIONS
6) CONTRACTORS STOP WORK & BANKS CHASING FOR PAYMENT = LEADING TO LOAN DEFAULT & PN 17
7)IN YEAR 2005 TALAM SHARE PRICE COLLAPSED FROM RM1.00 TO 10 SEN (A crash of 90%)
LISTEN AND VIEW THE WHOLE STORY TO SEE THE MIRACULOUS TRANSFORMATION OF TALAM
You can keep your unbelief and agnosticism to yourself
As for car salesman?
That is too low a job for Calvin. Calvin was no car salesman but a professional car wholesaler.
Calvin sold cars for Telekom, Gamuda, SP Setia, Muhibbah, Menang, Genting, Guinness, L&G, Southern Bank, Umbc Bank, Hong Leong Finance & Credit, Rhb Finance & Credit, AM Finance and unlisted Companies Like Tong Garden, Sincere Match and so many others.
Calvin wholesale Company fleet cars to all over West Malaysia and Sabah & Sarawak
One of Calvin's top purchase is Mr Chok of Universal Motor from Jalan Apas, Tawau, Sabah
AND WITH NO WHITE KNIGHT & NO ONE TO TURN TO TAN SRI DATUK CHAN FOUND CHRIST JESUS
THAT WAS HIS TURNING POINT
HE NAMED TALAM TRINITY
TRINITY STANDS FOR
GOD THE FATHER GOD THE SON GOD THE HOLY SPIRIT
BUT SOMEONE ALREADY OWNED THE COPYRIGHT NAME TO TRINITY SO HE CHANGED IT TO TALAM
TRANSFORM OT TALAMT
IT COMES FROM A BIBLE VERSE
IF ANY MAN BE IN CHRIST HE IS A NEW CREATION (CREATURE)
2 Corinthians 5:17 King James Version (KJV) 17 Therefore if any man be in Christ, he is a new creature: old things are passed away; behold, all things are become new.
SO TALAMT IS NOW IN TRANSFORMATION
READ VERY VERY VERY CAREFULLY THE WORDS OF THE 7 SONGS BY TAN SRI DATUK CHAN
You must work hard in life and also work hard in investments
Read widely. Think deeply. Invest while price is low and people are fearful. And sell into euphoria when others are greedy. Diversify for safety. And buy value for longer term view.
The recent recommended stocks from Calvin in Duta land, Apac, Ahmad Zaki all proven misleading and unsustainabl. The prices up for a waile but dropped back to the below wster again prior to his recomedation
The profit of these companies are very volatile and unpredictable. Without consistency in profit, the share spike will only trapped investor as crab!
Posted by calvintaneng > Jun 2, 2019 12:06 PM | Report Abuse
Quote:"AND WITH NO WHITE KNIGHT & NO ONE TO TURN TO TAN SRI DATUK CHAN FOUND CHRIST JESUS.THAT WAS HIS TURNING POINT."
Chan Ah Chye is a conman thru & thru. Who would want to be his white knight with is dubious history since the 1980's. His modus operandi has always been to start new property development companies only to bankrupt or dormant them, such as, Brisdale, Larut, Keuro, Talam, Lestari Puchong, Puncak Jalil etc. Many of his customers face hardship thru his dubious schemes such as; 1) Abandon projects, 2) Delay projects 3) Con non-bumi buyers into buying bumi allocated units 4) No House title after taking vacant possession of property
Chan Ah Chye may think he has found his turning point by becoming a reborn christian and his new found god will absolve him of is previous sins. As far as his suffering customers are concerned, there is no turning point for him. He will have to live with all the condemnation and curse from his suffering customers and I am one of them. There is a Chinese saying that "a person's misdeeds will be paid during his lifetime, if not, his next or future generation will have to pay for his misdeeds." That is Karma.
So Calvin, please pass my message to your so-call reborn christain friend. I am still waiting for my house title since I take vacant possession from Lestari Puchong Sdn Bhd. 16 years ago in 2003 because I was con into buying a bumi unit. So chan ah chye, don't RIP yet. If you do not want to live with my condemnation, buy over my house.
Hong Kong has plenty of hillside development. You should alert Tan Sri Datuk Chan and borrow some ideas from there. Engage a good Engineering Consultant - this may help.
Now I think the remaining lands should be the best
So should be very ok for TalamT.
TQ, Calvin, Development needs a lot of civil engineering input. Most of the problems encountered can be solved by local engineers. I should see no more such problem for Datuk in future. Don't worry about site shift; it could be a blessing in disguise, the hilly site could be used as borrow pit for the ECRL construction. Datuk can make $$$ from that too while at the same time the land will be leveled at NO cost! Good Luck pal.
The Law of Karma has finally caught up with Chan Ah Chye, the law of "as you sow, so shall you reap - good or bad". Good deeds breeds good Karma, bad deeds breeds bad Karma. The Chinese believe that parents sins if not corrected or repaid during their lifetime, their bad Karma is borne by future generation or generations depending on the severity of the parents sin.
Chan Ah Chye scandalously swindled thousands of house buyers in his numerous abandoned housing projects that brought untold hardships to his victims. The wrath of his victims have unfortunately brought his bad Karma onto his first generation eldest son to bear the brunt of his misdeeds at such a young age. May his son's soul RIP.
Chan Ah Chye, instead of doing more charity or philanthropic work to lessen or correct his bad Karma, decided to become a reborn Christian possibly thinking that his new found God will forgive all his sins. But the thousands of his victims have not forgotten nor forgiven him and neither does Karma.
Chan Ah Chye's scandalous modus operandi in the property development business is well known; a) Setting up company or companies to develop projects b) Swindle house buyers of their hard earned money through abandoned projects c) Knowingly sell Bumi units at non-Bumi price to non-Bumi buyers without their knowledge d) Bankrupt the companies, pass the companies obligations to Liquidator, leaving buyers without house title.
Chan Ah Chey, through his Talam Corporation and many of its bankrupt subsidiary companies, left thousand of house buyers high and dry from abandoned projects while still having to service their bank loans. The numerous failed and abandoned projects, just to name a few include; La Cottage Putra Perdana, Bukit Sentosa 3 in Bukit Beruntung, Taman Lestari Permai, Taman Lestari Perdana, Taman Lestari Puchong, Taman Saujana Puchong, Taman Saujana Putra, Taman Puncak Jalil, Jalil Heights, Ukay Perdana, Ukay Bistari etc.
So Chan Ah Chye (sorry, your victims feel you do not deserve your honorific titles), with the wrath of so many of your victims, do you think your sins will be forgotten and forgiven? You should prey hard to your Christian God that your bad Karma does not haunt your future generations.
2 things happened beyond human control for Tan Sri Datuk Chan
1) Govt suddenly changed rules and forbade building on hill slopes So planned projects halted
2) Impediment of Foreign Workers from coming in. Cause lack of cheap labour to spike high & added more cost
As a result there was cost over runs leading to abandoned projects
In his deepest Afflictions he and his Staff turned to Jesus
That is the best thing that happened to him
So many "rich men" with no trouble in life lived life like a breeze and after they died went straight to an eternal hell
So see this light in its context
Of course harm has been done to many in those abandoned projects of Talam. But not all in man's control At least they never planned to cheat like Megan Media or Transmile
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....
calvintaneng
56,898 posts
Posted by calvintaneng > 2019-06-01 20:50 | Report Abuse
AMAZING TESTIMONY OF TAN SRI DATUK CHAN ON TALAM TRANSFORM
Some lessons
1) WITH RM7 BILLIONS IN ASSETS AND RM5 BILLIONS IN BORROWINGS
2) TO BE THE BIGGEST PROPERTY DEVELOPER 20 YEARS AGO (TALAM, LARUT, BRISDALE & KEURO)
3) NEED TO HAVE VERY HIGH TURNOVER. DUE TO SHEER VOLUME PROFIT MARGIN IS VERY THIN
4) AT THAT TIME SALES PER WEEK WAS RM25 MILLIONS TO PAY BANK LOANS & CONTRACTORS FOR BUILDING 13,000 HOUSES
5) SUDDEN CHANGE OF GOVT POLICIES REGARDING HILL SLOPE DEVELOPMENT & CUTTING DOWN OF FOREIGN WORKERS CUT SALES BY 80% FROM RM25 MILLIONS PER WEEK TO ONLY RM5 MILLIONS
6) CONTRACTORS STOP WORK & BANKS CHASING FOR PAYMENT = LEADING TO LOAN DEFAULT & PN 17
7)IN YEAR 2005 TALAM SHARE PRICE COLLAPSED FROM RM1.00 TO 10 SEN (A crash of 90%)
LISTEN AND VIEW THE WHOLE STORY TO SEE THE MIRACULOUS TRANSFORMATION OF TALAM
https://www.youtube.com/watch?v=tvaJbMPzRZc&feature=youtu.be