Posted by calvintaneng > 2014-01-19 22:00 | Report Abuse

Dear Any One Or Passer By,

Since nobody bother to comment on The Store I venture to give my 2 cents worth here.

This Is Another Totally Overlooked & Ignored Share That I Like. Just Like I Like Ice Box Counters years ago when I bought ICE BOX Counters Like PM Corp at 9 cents, Kumpulan Fima at 35 cents, Weida at 35 cents, DXN also at 35 cents. Perak Corp at 60 cents, Pintaras at RM1.40, IQ Group at 33 cents, Daibochi at 60 cents, DKSH at 42 cents, Tasek Cement at RM2.20 & UMW at RM2.40

The Time To Buy THE STORE Is NOW when IT IS TOTALLY NEGLECTED!

The Store Has NAP of RM6.40. P/E in single digit. Pays a small dividend. And best of all this year is VISIT MALAYSIA YEAR 2014. This Is Really A Consumer Laggard.

The Store operates 51 Departmental Stores & Supermarkets within reach of the masses. This Year 28 Million Tourists are expected to Visit Malaysia. As most Tourists do not drive to out of the way Hypermarkets like MYDIN, AEON BIG, TESCO EXTRA Or GIANT - They Are Expected To Patronise Neighbourhood Supermarkets like THE STORE withing walking distance.

So many Tourists nearby means so much more business for THE STORE!

So If The World Should Go Into A Recession This Year of 2014 THE STORE Should Survive Because It Sells Day To Day Necessities Like Food & Sundry for CASH.

This Is My Personal Observation

Calvin Tan from PM Corp & MUI Berhad Forums

Posted by passerby > 2014-01-20 10:19 | Report Abuse

yo....one of the passerby at i3, kikikiki

negative, profit margin extremely low.......they are supermarket operators dominating at the small township but the competition is getting tougher & tougher with the entry of big size hypermarket like Tesco, Giant, Aeon Big, Aeon.....see the profit margin, already know manyak susah mau huat.....cari makan for survival still boleh kot....

not only competition from hypermarkets, competition from 24/7 convenient stores also eroding the profit margin ( 7/11, KKMart, 99Savemart, Kedai Runcit 1Malaysia, + conventional sundry shops )


this business need repeated or recurrent sales from the same group of customer , tourist contribution, i think negligible to their sales operations

the high NTA is meaningless to company like TStore, unless they are developer that are selling away their assets as their final products.Not going to park my money here, there are more efficient counter to park our money

Posted by calvintaneng > 2014-01-20 10:44 | Report Abuse

Passerby,

Good. Now I know the reason why people are not bothered with The Store. Anyway, since Jusco has gone up 300% and The Store has fallen 60% I think The Store Is Not A Bubble.

I think it will still survive somehow. Maybe they might branch out into other development like F & N or Yeo Hiap Seng in S'pore. Who knows? By then it should return back to above RM5.00

Any counter you think safer than The Store? Whose price hasn't move much. An overlooked laggard? Please share.

Thank you.

By The Way, THE STORE PRICES ARE LOWER THAN 7 ELEVEN BUT HIGHER THAN HYPERMARKETS. SO IT IS IN THE MIDDLE TERRITORY. So it should do pretty well as
this year is VISIT MALAYSIA YEAR 2014 & FOLLOW BY YEAR OF FESTIVAL 2015.

Posted by passerby > 2014-01-20 11:01 | Report Abuse

DKLS Industries Bhd.....if you like high NTA.....the cash pile is increasing, i personally think it is not the correct time yet.....

still under observation

Posted by calvintaneng > 2014-01-20 11:05 | Report Abuse

I love DKSH. I bought it at Rock Bottom Price of only 42 cents years back. Mr. Market totally neglected and overlooked DKSH at 42 cents in those years. I can't buy any DKSH at over RM7.00 now.

Any more?

Posted by passerby > 2014-01-20 11:06 | Report Abuse

DKLS la....not DKSH.....

Posted by calvintaneng > 2014-01-20 11:08 | Report Abuse

Sorry I will go and check up on it.

Posted by ktsk88 > 2014-01-20 16:19 | Report Abuse

Why should visitors bought things at the Store?. There are other hypermart/supermart like Tesco, Econsave also selling basic things. So what the big arguments that you talking about. How certain you are Calvintaneng that ppl will patranise Store? Because things is cheaper in Store?. How about the arguments of cost increase by electricity hiked, shortage of foreign labours, 6% GST in 2015...etc?. Won't all this contribute to higher price of basic necessities?. Then you think the Store earning will increased too and the share price?

Your arguments doesn't hold as you just mentioned all the inpending cost hikes in advising ppl in Hap Seng forum to sell Hap Seng.

You really making a mockery of yourself.

Posted by behindthescene > 2014-01-20 16:22 | Report Abuse

lmao passerby. hahahaha DKLS and DKSH a lot of different wei!

Posted by ktsk88 > 2014-01-20 16:32 | Report Abuse

dksh is good shares and dkls is just so so. i think he is talking about dkls when it bought at around 40+ sen

Posted by calvintaneng > 2014-01-21 13:25 | Report Abuse

ktsk88. no lah I never heard of dkls. dksh was traded at 42 cents in year 2009. At that time when DKSH was a BARGAIN and Nobody bothered. I love bargains. Bargains are always unpopular and overlooked. When so many people are interested in DKSH - it is no longer cheap anymore. You have to search else where for neglected counters like CEPCO & THE STORE & CYMAO.

Of course The Stone will also be impacted by rising costs. But The Store is only a transit point for foodstuff. Price is determined by Nestle Milo & Maggie Mee & Tudor Gold & Tango Chocolates. And Hup Seng biscuits for hungry stomachs. So The Store won't die as long as human stomachs go hungry three times a day.

Why The Store Should Do OK in VISIT MALAYSIA YEAR 2014. 28 Million Tourists don't do their own cooking for 2 reasons:

1) Hotels don't allow cooking in their rooms. Boiling water for light snacks maybe.
2) Tourists are on holiday. And they feel happy. So why bother to cook. So no need to go to Hypermarkets to stock up on vegetables. Ready made food will do. Since The Store is located within Huge Population Density - more should trickle there.

Of course there are those who prefer to pay a bit more in 7 Eleven & also to save more in Hypermarkets. Since there are 28 million tourists - the pie is big enough for all.

Posted by ktsk88 > 2014-01-21 13:48 | Report Abuse

Calvintaneng, you reasoning hold no waters. Tourist won't go for Maggi in the Cup, or Milo 3 in 1, etc. They go for local delicacies. Even you go to local destination for holidays, you go out for foods and not buying all those that you mentioned to prepare in hotel.

I didn't do my shopping in Store, Giant or Econsave, i do mine in Tesco/AEON/Sundry shops etc cos others located far from my housing area. So not all will subject to your arguments that The Store is most beneficial in this aspect.

Posted by calvintaneng > 2014-01-21 13:59 | Report Abuse

Singaporeans always thronged THE STORE In TAMAN SENTOSA In JB Town. THE STORE Has Been There for ages. Maggie mee is only a reference to price hike. There is a wide range of goods in The Store. While traveling tourists can snack on anything they wish really.

28 million tourists equal to 1 for 1 malaysian population. The spillover effects will benefit all food & beverage sales only by degree and proximity to foot falls and access by human beings.

Others are Hotels (MUI Berhad Hotels Fully Booked?)
Tourism Attraction
Fun Place
Shopping like METROJAYA In Mid VALLEYMEGAMALL as a reference.
And transport companies
Car Rental Companies
Air Lines
Taxis
Home Stay
Etc
Etc

Posted by calvintaneng > 2014-01-21 14:01 | Report Abuse

If you are in Giant check out the excellent Tudor Gold & Tango chocolate. Can save you from heart attack and stroke. And if you are in Tesco do check out the 22 House Brand chocolates OEM by PM Corp.

Posted by calvintaneng > 2014-01-21 14:03 | Report Abuse

TUDOR GOLD DARK CHOCOLATE WITH 55% COCOA CONTENT ALSO AVAILABLE IN AEON. THEY ARE THE BEST IN ITS CLASS.

Posted by calvintaneng > 2014-02-25 09:41 | Report Abuse

Wow! The Store has gone up quietly from RM2.35 to RM2.96 without noise or fanfare.

Posted by calvintaneng > 2014-09-03 23:24 | Report Abuse

Another Nice Discovery

THE STORE

Is Selling at less than half the NTA value. Reasonable growth.

Totally overlooked & neglected by Mr. Market.

AND BJ CORP IS IN TOP 10 Shareholders!

Another Hidden Jewel in BJ Corp's Many Valuable Assets/Companies!

Posted by Emily Mah Phooi Lai > 2014-09-14 09:35 | Report Abuse

this company is for long term, not for contra!! It will hit Rm10 in next five years!

Posted by calvintaneng > 2014-09-14 11:02 | Report Abuse

YES! EMILY MERRILY HAPPILY IS CORRECT!

THE STORE HAS POTENTIAL TO TURN INTO A BLUE CHIP SOMEDAY!

AND BJ CORP WILL BENEFIT A LOT! BJ CORP. YOU CAN BUY THE STORE OR BJ CORP!

Posted by Emily Mah Phooi Lai > 2014-09-15 08:14 | Report Abuse

buy tstore is better than put in FD! slowly slowly up and got dividend every year!

Posted by jayjay100 > 2015-01-21 22:32 | Report Abuse

why this counter no volume one?

Posted by Jolin Lai Chi Pet > 2015-01-27 12:59 | Report Abuse

b'cos, nobody willing to sell at this current price. It is so undervalue!!!!!!!!!!!!!!!!!

Posted by CFTrader > 2015-02-04 08:06 | Report Abuse

Just avoid the store... just waste your time .. trust me ... I can't tell more because one of my parents is part of the management and it's deemed "insider" information.

Posted by Drago Tian > 2015-02-04 11:18 | Report Abuse

Wahaha I bid 2.50 who wanna sell welcome

Posted by Drago Tian > 2015-02-04 11:21 | Report Abuse

Ong Mali ong hahaha

Posted by Jolin Lai Chi Pet > 2015-02-05 22:39 | Report Abuse

nobody want to sell their good shares. The Store is the best of the best!!!!!!!!!!!

Posted by calvintaneng > 2015-10-02 10:57 | Report Abuse

ANOTHER UNDERVALUE STOCK BY CALVIN TAN RESEARCH

STIRRING UP SOON?

Posted by calvintaneng > 2015-10-02 18:35 | Report Abuse

ks55

Mulpha has been buying back shares below 30 cents. I think anything below 30 cents would be a real bargain. Mr. Lee the top boss still holding his 40 million shares bought at 46 cents.

Posted by rotibaba > 2016-01-22 20:31 | Report Abuse

the store worth for this price? impossible, almost 80% of business moved out selangor...

Posted by calvintaneng > 2016-11-28 22:08 | Report Abuse

WOW! WOW! WOW!

Another Chun Chun Call by Calvin Tan Research

On January 19th 2014 Calvin called for a buy on The Store at Rm2.35

Today, It is being taken private at a Nice Rm3.52

So price plus small dividend of 3.75% equal to a 50% Gain!!


Now These Are The Stocks Recommended by Calvin Tan Research taken private

1) SUPER ENTERPRIZE

Call to buy Rm1.25. Taken private Rm3.75 (UP A WHOPPING 200%)

2) KULIM

Call to buy at Rm2.50. Taken private by Johor Corp for Rm4.10 (UP A NICE 60%)

3) TMAKMUR - Land of Prosperity

Call to buy at Rm1.38. Taken private by Pahang Sultan at Rm1.90 (37% Profit)


4) AND NOW THE STORE

Call to buy at Rm2.35 on January 19th 2014 at Rm2.35 .

OFFER TO TAKE PRIVATE AT RM3.52

Plus 3.75% dividend = THE GAIN IS 50%


YAHHOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Calvin Tan Research specializes in overlooked, under researched & undervalue stocks!

HITTING JACK POT TIME AFTER TIME AFTER TIME!!!

Posted by calvintaneng > 2016-11-30 20:52 | Report Abuse

WAHAHA!

MARKET IS DOWN.

BUT THE STORE IS UP DUE TO ITS DEEP VALUE FINALLY SURFACING!!

Posted by The One • > 2016-11-30 22:51 | Report Abuse

43 lots ? WOW !!! :D

Posted by calvintaneng > 2016-11-30 23:06 | Report Abuse

Actually Rm3.52 for privatisation is way too low for such high NTA of Rm6.76

And all the Assets of THE STORE are all located throughout Cities of East & West Malaysia.

Just by taking THE STORE private & break it up in piecemeal and sell them off one by one will make A HUGE FORTUNE TO THE LUCKY INSIDER!!

This is indeed a very sad case!

No body is interested in this TREASURE OF DEEP VALUE!

All go up riding hot air balloons like IFCA, Sumatech, XOX, VSolar & other popular hot stocks of little real value!

Posted by geary > 2016-12-04 16:15 | Report Abuse

A declining business model is worth almost zero. U need to discount 25% for receivables, 50% on inventory n minus total liabilities n preferred shares, if any. So u come to net net working capital of minus 1.90 per share. NTA in normal business, other than bank n REITs are always inflated. If d management want to take private n offer 3.50 is consider reasonable price, faster take d money a 'lari kuat-kuat!.

Posted by calvintaneng > 2016-12-04 16:21 | Report Abuse

Posted by geary > Dec 4, 2016 04:15 PM | Report Abuse

A declining business model is worth almost zero. U need to discount 25% for receivables, 50% on inventory n minus total liabilities n preferred shares, if any. So u come to net net working capital of minus 1.90 per share. NTA in normal business, other than bank n REITs are always inflated. If d management want to take private n offer 3.50 is consider reasonable price, faster take d money a 'lari kuat-kuat!.

GEARY,

YOU DON'T KNOW HOW INSIDERS MANIPULATE FIGURE LOH!

SOME COMPANIES INFLATE SHARE PRICES SO THAT THEY CAN DUMP THEM TO SORCHAI

WHILE OTHERS SHOW BAD RESULT YEAR AFTER YEAR TO KEEP PRICES DEPRESSED SO THEY THEY COULD FINALLY TAKE IT PRIVATE!!

THIS IS MOST UNFORTUNATE!

A GENEROUS COMPANY LIKE KULIM GAVE HIGH MGO TO TAKE SHARES PRIVATE. A LOUSY COMPANY LIKE KBUNAI WANTS TO CHEAT SHARE HOLDERS BY GIVING PEA NUTS. FOR THE STORE IT IS OK LAH. BUT COULD BE BETTER LOR!!

Posted by calvintaneng > 2016-12-05 15:50 | Report Abuse

YES!!

Posted by ivan9511 > 2016-12-05 17:02 | Report Abuse

hi guys what is the issue of thestore today up till 3.52 +0.07 (2.03%)

as i KNOW they only offer 3.50, what the hell the people buy at 3.52, is it they think can argue by increase the offer price more higher , I just sold so hope can know the end of the story
I just wonder will the Boss increase their offer price ?
But if look at parkson we all now this sector now is very difficult to earn money , example Parkson last time 9.00 rinngit now only near 0.6 sen , is drop until no underwear .
So my personally feel THESTORE BOSS very generous to give 3.50.
If parkson do you think the Parkson can offer 1.50 or 2.00 , I dare parkson lol.
Thestore weem more decent man

Posted by calvintaneng > 2016-12-05 19:38 | Report Abuse

ขอขอบคุณ

Posted by Why_ > 2016-12-07 12:37 | Report Abuse

The Store can fetch RM 3.56? If Parkson affected by e-commerce why not The Store? Just visited the Store and find many things will expire but cannot find buyers. Luckily Parkson goods can last many years with no expiry date.

Posted by calvintaneng > 2016-12-07 12:44 | Report Abuse

The answer is this.
The actual operating business of The Store is not worth much.
The True Value of THE STORE is in its Property assets which is worth more than Rm6.00 in book value.

Example

You buy a bowl of noodle for Rm2,010

Why so expensive?

Answer:

The noodle onle cost Rm10

But the bowl is made of gold and it's worth is Rm2,000

Posted by stockmanmy > 2016-12-07 12:48 | Report Abuse

Calvin


In that case the Store should turn itself into a REIT.


But still no help because no tenants if cannot make money

Posted by stockmanmy > 2016-12-07 12:49 | Report Abuse

Consumer power is zero


All die die

But Rosmah still rich rich

Posted by calvintaneng > 2016-12-07 12:52 | Report Abuse

Store going to be privatised soon. Now someone is buying at Rm3.56. This hero offers 4 cts more than MGO price of Rm3.52?

Hmmm?

Maybe they want Rm3.80?

Bravo!!

Posted by stockmanmy > 2016-12-07 12:57 | Report Abuse

Calvin

Trade by imaginations cannot make money one.

Posted by stockmanmy > 2016-12-07 12:58 | Report Abuse

Calvin

To make money
Must trade with good blessings.

Posted by calvintaneng > 2016-12-07 13:00 | Report Abuse

Ha!

It happened to Tmakmur

Sultan of Pahang offered to take Tmakmur private at Rm1.80.
Then he up the offer to Rm1.90

So why not for THE STORE?

Posted by calvintaneng > 2016-12-07 19:59 | Report Abuse

WHOA!

Rm3.59 NOW!

Looks like going all the way to Rm3.80?

HIP HIP HOORAY!!!!

YAHOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by calvintaneng > 2016-12-23 21:17 | Report Abuse

WAHAHA!

MGO PRICE RAISED TO RM3.70!!!

Hmmm?

Got more Cash to buy the next neglected, unloved misunderstood stock like The Store?

Which one?

DUTALAND OF COURSE!!

BUTA BUTA BELI DUTALAND NANTI DAPAT JUTA?

YAHOOOOOO!!!

Posted by VenFx > 2016-12-23 21:30 | Report Abuse

Wow, I juz see with my eyes.
What is a Chicken Spirit.

Posted by calvintaneng > 2016-12-27 10:10 | Report Abuse

Whoa!

The Store is Rm4.00!!

Fantastic!
Superb!
Exceptional!

YAHOOOOO!!!!