Posted by calvintaneng > 2015-05-11 09:12 | Report Abuse

Good morning,

Yes Mamee. It is better to have differing opinion than none. If you go to Super Enterprise Forum and check up the progress of price rise from RM1.20 to RM2.00 it was only one man one speech most of the days.

It grew a spectacular 150% before others took notice. And I was no longer interested at such lofty price.

Now Phl Fisher once said, "Every body knows the price of a thing but not its value"

As Deep Value Investors I have a clear cut & simple calculation for Kbunai.

Its NTA at current moment is 15 cents. If revalued it should be at least 10x or 15 x 10 = RM1.50

Although it has 6 billion shares. It is only 6.5 cents which if you add it up equals to only RM390 millions. In Iskandar China Developers constantly pay Billions of RM for small plots of lands.

What is RM390 millions when the combined assets of kbunai is worth a whopping RM9 billions?

Let's look at the value again

If Revalued NTA is RM1.50 per share

Price now is 6,5 cents

So Kbunai is selling at a huge discount of 95% making this the most undervalue property counter in KLSE

Only Mui Berhad, Mulpha and MP Corp are close to it in undervaluation

Posted by MAMEE MONSTER > 2015-05-11 10:02 | Report Abuse

Then why don't you buy more, Calvin?

Posted by calvintaneng > 2015-05-11 10:15 | Report Abuse

Mamee,

Buy more? Why not?

I have been buying and buying. I already have lorry loads of shares of kbunai by now. And still adding some more. I will sell others into strength and buy more kbunai on weakness.

Posted by MAMEE MONSTER > 2015-05-11 10:42 | Report Abuse

The price still not moving, if that day you mean is so imoprtant, why still silent?

Posted by George99 > 2015-05-11 10:53 | Report Abuse

Calvin.. hubline any comment...? As u said for 11 mp. Before anounce, it should be up abit let said 10 sen... then once anounce will be 20 sen to..... but till today still not move... y.?

Posted by calvintaneng > 2015-05-11 11:08 | Report Abuse

Mamee,

I know Mamee inside out. Its fierce competition into Nestle's Maggie mee territories. How my Johor Sifu made tons of money riding on Mamee warrants when Mamee rose in price. How frugal Mamee Bosses are. How OSK Top Iskandar Top Boss gave glowing report on Mamee office using their furniture till they turned antic.

The Story of Mamee is now history.

Now for Kbunai Story.

Kbunai was once known as FACB Resort.

Many experts have bought and recommended FACBInd very highly due to its Huge Cash Hoard.

I bought FACBIND At 40 cents in year 2006 when I bought all Cement & Steel Companies.

At that time FACB has More Assets Than Cash. After Disposing Its Steel Assets Now FACBIND Has More CASH Than Assets.

At RM1.14 with NTA of RM2.40 FACBIND Is still selling at less than 50% to NTA.

Now To Me I THINK IN TERMS OF NET NET.

When it is in Bonds, Real Estates, Gold, Collectibles, Shares or PURE CASH I Only Value a Company in Its NET NET.

Many think that FACBIND By Virtue of Its CASH VALUE BEING MORE THAN ITS SHARE PRICE IS VERY SAFE. That's what Conventional thinking is like.

Calvin thinks DIFFERENTLY!!

Why? I bought FACBIND in Year 2006 at 40 cents when It Has Little Cash like Kbunai now.

Was the Steel assets of FACBIND Liquid? Was Focal Aims Lands Liquid when it was selling at 11 cents?

Was Tebrau Teguh lands liquid when its share price was a low of only 10 cents?

Why I chose KBUNAI over FACBIND?

These are the reasons

1) Kbunai is selling at 95% Discount to NTA while FACBIND Is selling at 50% Discount to NTA. So to me Kbunai is more undervalue.

2) In times of Money Printing Like Now Holding Real Assets is Better Than Holding Cash. Assets appreciate while Cash is Diluted by Relentless QE. At this rate of money dilution in 5 to 10 years time I think Kbunai will emerge the winner.

3) Cash is VISIBLE In FACBIND Accounts While Kbunai's deep value is HIDDEN - unseen, unheard and overlooked. That's why I liked it SO MUCH!

I have shared my thoughts. I don't expect all to see eye to eye with me. And even fewer still will follow my style of investment.

Stephen Cover says, "SEEK FIRST TO UNDERSTAND; THEN TO BE UNDERSTOOD"

I have understood the investment style of others. And for Goodness sake try to understand a little of Calvin Tan's philosophy.

See you later,

Going to Booming Iskandar now

Posted by calvintaneng > 2015-05-11 11:15 | Report Abuse

George99

I am about to switch off the computer.

As for hubline (hug line) all the captain, pilots and air stewardesses have already parachuted from the plane. This hubline will end up like MH370 one day. Better stay away.

This round Kbunai should be up if not for the call for PM Najib to resign. In any case Malaysia 11MP is still on track whoever is in power.

So keep strong & watch 11MP unfold on 21st May 2015

WOW TODAY IS 11 of MAY!!!


Countdown is 10 Days More.....


Hooray!

Bye bye for now.

Posted by meihouwang > 2015-05-11 11:53 | Report Abuse

agreed with Calvin & hamsubchai, just buy more KBunai

Posted by SEPHIROTH168 > 2015-05-11 11:55 | Report Abuse

isnt kbunai a loss making company for years??

Posted by meihouwang > 2015-05-11 12:07 | Report Abuse

go thru Calvin's sharing

Posted by show > 2015-05-11 12:34 | Report Abuse

no only making losses, it has been issuing more and more shares, plus warrants it has ballooned to 7 billion shares... just to survive. Sales cant even hit 70 million a year, this is very serious for a company with 7 billion shares.

Posted by SinGor > 2015-05-11 12:48 | Report Abuse

Don't worry Calvin is buying and hamsubchai is supporting. Today price above waterline--0.7

Posted by SinGor > 2015-05-11 13:01 | Report Abuse

Please give a call if Kbunai is having a asset fire sales. Maybe can get 7.77psf land in sabah

Posted by SinGor > 2015-05-11 14:05 | Report Abuse

Going to built a 40,000sqf bangalow near seaside in Sabah @7.77psf. Land cost RM310,800
Main building RM300,000. Total RM 610,800. Maintenance & security against sakai from
Mindanao RM50,000/months. Total operating expenses RM 600,000/year but land & house
is cheap

Posted by MAMEE MONSTER > 2015-05-11 14:22 | Report Abuse

Who is buying 378 shares

Posted by SinGor > 2015-05-11 14:34 | Report Abuse

Calvin-lah. Payment for house sales not ready

Posted by MAMEE MONSTER > 2015-05-11 16:53 | Report Abuse

Calvin did not buy KBUNAI today, he said he will only add more if down 6.5 or 6.0 sen.
It must be ayam tua collecting KBUNAI senyap-senyap

Posted by show > 2015-05-11 17:20 | Report Abuse

a lot of people were busy collecting cheap counters like RA, suddenly PN17 drop till 1.5sen. There are still some people collecting kbunai thinking can make money out of it, but keep your eyes glued to the trading screen because when it suddenly announced PN17, make sure u can run fast enough.

Posted by show > 2015-05-11 17:31 | Report Abuse

total cash plus debtor is less than RM60 million but creditors are more than RM300 million, if cannot pay up creditor initiate a wind up on them, finished. Since every month also cannot make profit, where are they going to get money to pay all those creditors.

Posted by SinGor > 2015-05-11 18:32 | Report Abuse

1:5 ratio should be PN17 already. Bursa Security sleeping---Just like Lehman brothers

Posted by SinGor > 2015-05-11 19:34 | Report Abuse

Just hear from Singapore Parlimen session, One Mr Wong, caution singaporean in
investing in Iskandar, Malaysia. Oversupply of properties and possible property devaluation
in near future. I hope calvin heard this caution.

Posted by calvintaneng > 2015-05-11 19:45 | Report Abuse

SinGor

Don't listen to arm chair analysts sitting in aircon rooms giving opinionated and misguided advice.

I have traveled all over Iskandar since year 2003. I know Iskandar on my finger tips.

I traveled on all the Highways while still under construction. Most of the Contractors who built the Highways are my friends. I also know the bosses of most Developers.

There is no glut for landed houses. The glut is only in High Rise Condo.

Suppose someone were to tell you that there are a lot of burger stalls started in Iskandar and food prices might crash soon BECAUSE THERE ARE TOO MANY BURGER STORES?

Ha! We only eat rice for lunch and dinner. We are least concern about burger glut

So we are not concerned with high rise condos at all


Show me a landed house going cheap?

I have 1,000 ready buyers waiting right now.

Forget about High Rise Condos just like too many burgers.

Regards

Calvin Tan now in Booming Iskandar

Posted by calvintaneng > 2015-05-11 19:56 | Report Abuse

Just google "Superiority of landed property over condominium." and your eyes will be opened

Posted by SinGor > 2015-05-11 19:56 | Report Abuse

Okay understand. But this Mr Wong is from Singapore investment Board explaining Singapore
Bank has only 2% exposure to overseas properties.

Posted by calvintaneng > 2015-05-11 19:59 | Report Abuse

For KBunai minuscule debt of RM300 Millions is really nothing compared to its Colossal Assets of Over RM9 Billions.

Don't major on the molehill of small debt and Missed the Mountain of REAL ASSETS.

Posted by snowbreeze > 2015-05-11 20:13 | Report Abuse

a company with 7 billion shares....each shareholder cant even get a micro meter worth of land.

Posted by SinGor > 2015-05-11 20:13 | Report Abuse

Calvin. Business is about cashflow Not asset valuation unless you can sell it. Cashflow kills
a business. 1MDB is in current position bcos they have cashflow problem. Now selling
asset and courting More troubles.

Posted by calvintaneng > 2015-05-11 20:49 |

Post removed.Why?

Posted by Mission > 2015-05-11 20:54 | Report Abuse

The RA tai ko sells as much half of his share before PN17 announcement,
but KBUNAI tai ko double his share holding by injecting money, getting chopping cheap 11 sen per share, now goreng down to kick out unpatient holders. Probably intentionally showing bad looking balance sheet to do so. He may be actually collecting more?

Is my analyse sensible? Calvin?

Posted by calvintaneng > 2015-05-11 21:00 | Report Abuse

Mission is Right on Target

Posted by MAMEE MONSTER > 2015-05-11 21:37 | Report Abuse

How about 1481 ASB--- NTA 67 sen, share price only 15 sen? Comparable to KBUNAI?

Posted by mmk79 > 2015-05-11 22:01 | Report Abuse

Calvintaneng, how do you come to 9billion worth of asset?

Posted by calvintaneng > 2015-05-11 23:21 | Report Abuse

Good evening,

ASB also very good & undervalue. However, the Focus Now is on 11MP Shares.

PM Najib has cleared the hurdle in UMNO 69th Meeting today unshaken. So he is on track to announce 11MP on 21st May 2015

Mmk79,

Just scroll back my posts about 4 Assets owned by Kbunai

You will notice that All Lands & Resorts are stated at Old Value. If revalued they should be up at least 10 Times

So NTA is 15 cents. So 15 x 10 = RM1.50

Now See the Outstanding shares of Kbunai is around 6 billions

So RM1.50 x 6 billion shares = RM9 billions

I love maths!

In Maths there is no guess work

So We Invest in Certainty!

Posted by show > 2015-05-12 08:10 | Report Abuse

RM 9 billion.... hahaha what a joke, a bankrupt candidate is worth RM 9 billion ?

There are nothing more to revalue in kbunai, all their properties has already been overvalued. Those sea-side land don't worth much because not much use except for holiday resorts. Holiday resort in that area is proven unprofitable because kbunai has been operating there for donkey years and never makes profit.

Seaside land are actually high risk, nobody can build house there to stay because you never know what will happen at night in the sea when you are sleeping soundly. Holiday resorts not too bad because you only stay few nights and you are gone.

Posted by calvintaneng > 2015-05-12 08:41 | Report Abuse

Seaside Resort Lands are of Great Value

In Monaco Sea Facing Condos Sell for up to US$120 Millions per unit. Just 10 minutes away in France a Bungalow sells for only 10%

In Batu Feringghi Penang Seaside Resort lands command the highest prices in Penang

Same for Seaside Resort Lands of Sentosa Island. Those Villas facing the Sea Command the highest price of RM7,000 psf - the most expensive in Singapore

In Perth - The Most Expensive Real Estate are those facing the sea - Fremantle, Scaborough & Cottlescloe

In Eastern Australia the HIGHEST PRICED REAL ESTATES ARE THOSE FACING THE SEA -

THEY CALLED THE GOLD COAST IN SYDNEY

Same For All Seaside Resorts of Jeju, Korea, Okinawa, Japan & anywhere elese in the entire planet.

Karambunai NEXUS RESORT Will Also Come Alive One Fine Day.

see Paradise www.nexusresort.com

Posted by show > 2015-05-12 09:24 | Report Abuse

unfortunately kbunai is not Monaco, example the newly built kbunai villas are rotting away.

Posted by calvintaneng > 2015-05-12 09:29 | Report Abuse

Of the 200 over Villas only less than 30% are affected because owners are from 31 countries who don't stay there permanently.

31 Countries?

Ha! Who says Villas & Kbunai lands cannot be sold to foreigners.

Many are still in Good Condition with happy retirees.

It is only a matter of time when things get better.

By then Kbunai share price would hace doubled or tripled.

So don't miss the boat

Countdown to 11MP

9 days away.....

Posted by SinGor > 2015-05-12 09:41 | Report Abuse

Still waiting for Kbunai asset fire sales (7.77psf). Bangalow design ready. Guard Dog's puppies
borned. Ready for full service training in 9 months.

Posted by show > 2015-05-12 09:42 | Report Abuse

they still cant get the villas transferred to them lah, read the article carefully. If not they would have sold off those villas, but they cant sell. That's why they are sueing kbunai for RM32 million. If Kbunai lose this court case, bankrupt for sure.

yeah... 9 days away and no announcement on kbunai... finished, everyone will be running like mad, will it be a limit down ?

Posted by show > 2015-05-12 09:45 | Report Abuse

just look at the buy queue... so big, meaning they are trying to prevent kbunai from falling, from what I don't know. 2 layers if big buy queue.. they are anticipating someone to throw big.

Posted by SinGor > 2015-05-12 09:57 | Report Abuse

Just 32million Kbunai "Kaput"..I thought Calvin said Kb has 9 billion asset backing.
Anyway, 21 May so near

Posted by show > 2015-05-12 10:14 | Report Abuse

just look at the buy queue... so big, meaning they are trying to prevent kbunai from falling, from what I don't know. They he will say PRKCORP also nobody buy..

Posted by SinGor > 2015-05-12 10:26 | Report Abuse

Why prevent price from falling? Let it hit the bottom. Atleast Calvin will go in. Or else No "show"
later

Posted by show > 2015-05-12 10:30 | Report Abuse

cannot lah, they need people like Calvin to buy high and sell low.

Posted by SinGor > 2015-05-12 10:41 | Report Abuse

You think Calvin is " 1MDB's CEO " Buy high Sell low " Cashflow problems

Posted by calvintaneng > 2015-05-12 10:54 | Report Abuse

UNDERSTANDING KBUNAI LANDS

Lands are held under Strata Title or Individual titles

A Master Title or strata title holds all the subdivided lots together as one. So It can be transferred as a whole piece of say 3,000 acres in one go.

Now if you sell only one acre of the 3,000 acres you can only have right by way of assignment from developer.

The actual transfer of title can only be done when the Master or Strata titles are finally divided into its own individual title.

As for Kbunai villas those who bought legally own them even though the titles are not yet transfer to them as yet.

Someday all will be transferred.

So the constantly harping on lands cannot be transferred is not true at all.

In any case there are now a few hundred residents living in Nexus Resorts happily.

Posted by SinGor > 2015-05-12 11:07 | Report Abuse

I think Calvin is right on Strata Title. My SAP's properties (under Selangor State's subsidiary
developer) takes 15 years to get a Strata Titles. So if your properties are in Sabah--maybe
25 -30 years to get a strata Title if developer sit-on it (need money to convert)

Posted by show > 2015-05-12 11:49 | Report Abuse

wow.. 25-30 years, can the villas rot that long ?

hey calvin, if u say kbunai have hundreds of residents living happily, meaning they have sold several hundred units... how come kbunai never show profits ?

Posted by speakup > 2015-05-12 11:55 | Report Abuse

KARAMBUNAI CORP should change company name. KARAM means "sink" in malay, which explain why KARAMBUNAI CORP is only 7sen. Dah KARAM!

Change the company name lar. Look at SUPER ENTERPRISE.... good name, share price also Super!

Posted by SinGor > 2015-05-12 12:12 | Report Abuse

Maybe "they" predicted the shoreline would "karam" not the company. Why no profit? I think
they do some creative accounting so that Only people can see mystical signs understand the
real numbers. I am not one of them. So I am learning now. Got to pay tuition fees first to get
good paycheck later.