The agreements were structured as a bond holding agreement. Personal lending agreement. In either case, we have already used our 15 million to help very resourcesful individuals and hard working families from bankruptcy. The clarion call by the government forcing the banks to do the same thing(with 6 months moratorium of payment) is exactly the same thing I would do in their position (i gave them 1 year before paying me back, while I paid the banks first on their behalf).

I highly doubt I will get sued, as I am not earning a single cent, not making a profit, and taking all the risk by guaranteeing the payment to the banks on behalf of those individuals caught during the worst period in recent years.

In other words,

I would rather use 15 million to help malaysians, then put a single cent into your netx and buy 50% ownership of the company.

Netx is a trash company speculated by pump and dumpers like you.

You are a disgrace to christians.

And a lousy investor too.

FYI, I have made doubly sure that every borrower is able to feed and pay the salary of the hundreds of workers under them, and of course, every company that borrowed is of a strong work ethic and has a good strong long term future.

Unlike NETX and Calvin Tan.

>>>>>>

Posted by calvintaneng > Mar 26, 2020 2:56 PM | Report Abuse

YOU BETTER STOP THIS UNLESS YOU GOT MONEY LENDER LICENSE!!!

Sorry, I dont like those 2 companies, I have gone through it already. too manipulated.

>>>>>>>

Posted by qqq33333333 > Mar 26, 2020 2:07 PM | Report Abuse

Scib and Kpower gave u the best recovery and earliest recovery..... good reasons for that

Topped up my final amount for this period, all balance margin used for GKENT, SERBADK and YINSON on monday.

now that insas valuation has dropped to such wonderful lows, and your prophecy is fullfilled (0.48 ringgit today), perhaps now is a good time to start using all that FD money and go all in and buy all INSAS in sight.

Perhaps then you will finally learn what opportunity costs are.

Can we stick to stock investment?

In stock investing the most important thing is making money. The best way to make money is to buy wonderful companies rather than buying everything in sight. If you try everything and become all rounder, you will end up bankrupt sooner rather than later.

The simple lesson is, buy wonderful companies.

>>>>>>>>

Sslee Dear Philip,
In life it is better to be jack of all trades and master of none. You have brought out your son very well in giving him a free hand in trying everything, piano classes, basketball training, swimming, guitar and etc and he ended up a fine engineer plus I am sure a fine human being (all rounder) appreciated and respected by many.
I think your son can teach you a thing or two in appreciating all endeavor and accepting different in opinions, be humble and especially do not argue with lady (Leno and SarifahSelinder)

Thank you
26/03/2020 9:30 AM

Looks like we are turning the corner, stock market is up big.

that is why i like companies like serba and yinson, no relation to price of oil but a fixed multiyear contract for serevices rendered at manday labour.

Your hobby is to troll investing forums? Maybe you should do that elsewhere, now is the time to buy cheap stocks and make good money.

I3lurker you talk too much bullshit.

Can you prove to me that gkent "jump" into 13 billion construction work. Maybe you don't know the history of GKENT, but I do.

Before lrt3 there was mrt 2 and lep. Maybe sslee has forgotten, but gkent is the first Malaysian company to do the ampang lep extension line. So experience is definitely there, unlike some companies which just do and sub out to chinamen instead of doing technology transfer.

Before that, they have been doing water treatment plant construction as well. Or did you forget the design, build and operate water treatment plant that they have?

And before that construction into design and build hospitals.

So everything follows a natural progression, which is what I am looking for in growing companies. That is why I don't invest in companies like Jaks, which go from steel supplier, jump into property development ( which end up being sued) and suddenly jump into per generation ( no experience, almost couldn't get it off the ground).

More importantly, has GKENT EVER lost money? I doubt it.

On the other hand contrast it to a company like INSAS which started as a core securities company which stuck lightning in a bottle with INARI(experienced partners). But then decided to jump into fashion ( loss making, no experience), f&b ( dome, a failure no experience), car rental ( unprofitable, sold), fintech ( no experience, sold), biotech ( loss making, no experience, no progress).

I remember my son when he was young he wanted to try everything, piano classes, basketball training, swimming, guitar. In the end he ended up a fine engineer. But many wasted movements and unnecessary expenses.

Can you afford unnecessary expenses when investing in stocks? Unlike my son, I can choose any company now in Bursa. So why not choose the best one with the best growth opportunities? Instead of buying something just because it is cheap.


>>>>>>>>>>


Sslee Haha
Philip forgot why a water meter manufacturer like Gkent jump into 13 billion contruction work. Maybe the CEO play too much golf with you know who.
25/03/2020 10:47 AM

Exactly.

>>>>>>>>


dlau8899 From 1.38 to 0.52 , more than 50 percent discount, if buy above 1.00 , why not buy now.
26/03/2020 12:12 AM

Sorry to disappoint you Calvin. But a few simple details that differentiate yinson from NETX.

1. Netx had no NFCP contract. YINSON already has the contract, a 25 years orderbook. Prepayment to them to convert vessel into a fpso, a history of winning contracts every year using their European subsidiary which is a master builder and ships built cheap in Costco.

2. YINSON has the faith of epf and government support in buying their perpetual securities worth billions, where they only have to service the debt payments every year of 7+%, and repayment of principal after 999 years. NETX can't even qualify for a bank loan, much less institutional shareholders.

3. Yinson is an international company. Netx is a joke.

4. Yinson just did 1.855 billion in revenue in a quarter, after the recognition of FPSO helang lease, which is their maiden project into Malaysia. Funny how a Malaysian company decided to conquer internationally then come back to Malaysia to pick up projects here.

5. YINSON is so successful Japanese investors paid them 500 million to buy a share of their FPSO, knowing that their profit is based on daily charter instead of oil barrel price.


6. Did I mention yinson locked in 1.8 billion of revenue in a quarter? While netx entire quarter only registered 33k of revenue in 3 months.

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Honest comments from people who actually have met you before.

It truly is harder for rich people to enter the kingdom of god than for a camel to pass through the eye of a needle.

Trash.

>>>>>>

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good.

calvin, why dont you go to other the other investments that I go to like:

QL? you say bad things there but price is still higher than last year

Topglove? 25% of my portfolio is there, but you dont say bad things there? Price still higher than last year

Yinson? You said bad things there but price still higher than last year

Why why why calvin? why out of 40 promoted stocks last year you dont have any that is positive?

How come I have so many money making stocks? QL, TOPGLOV, YINSON, STONECO? (and I only have 6 stocks last year)?

WHY WHY WHY CALVIN? WHY DO YOU LIE SO MUCH? BUT MY STOCK PICKS ARE MORE CHUN CHUN THAN YOURS?

WHO TO TRUST? YOU OR ME? MY RESULTS OUTWEIGHT YOURS IN TOTALITY...

Wow this is a shit investor indeed. Going to other sites to promote his own held stocks after buying and telling other to push up so he doesn't show losses.

Someone bought shares from 1 cent to 1.5 cent to 2 cents, now losing value and money.

Embarrassing indeed. This is not how to become a top investor, by insulting other stocks and promoting themselves.

This is his long term results. Poor indeed, very low class investor.

https://klse.i3investor.com/servlets/pfs/123029.jsp - 2019 results
https://klse.i3investor.com/servlets/pfs/131750.jsp - 2020 results

With these kind of results he is very confident despite no portfolio and no results.

Bah hambug!

Those who are caught swimming naked when the tide is out tend to act in unexpected ways.

Then again, with results like this. What can you expect from Calvin?

https://klse.i3investor.com/servlets/pfs/123029.jsp

A hungry man will eat everything in sight.

>>>>>>>

Calvin,

Honestly, your conduct the last 1-2 years have been quite disappointing. I remember thinking you were a very nice person back when i met you in Johor, but honestly, the way you've been acting in pushing companies like these, It's not good.
24/03/2020 5:33 PM

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Wow this is a shit investor indeed. Going to other sites to promote his own held stocks after buying and telling other to push up so he doesn't show losses.

Someone bought shares from 1 cent to 1.5 cent to 2 cents, now losing value and money.

Embarrassing indeed. This is not how to become a top investor, by insulting other stocks and promoting themselves.

This is his long term results. Poor indeed, very low class investor.

https://klse.i3investor.com/servlets/pfs/123029.jsp - 2019 results
https://klse.i3investor.com/servlets/pfs/131750.jsp - 2020 results

With these kind of results he is very confident despite no portfolio and no results.

Bah hambug!

Wow this is a shit investor indeed. Going to other sites to promote his own held stocks after buying and telling other to push up so he doesn't show losses.

Someone bought shares from 1 cent to 1.5 cent to 2 cents, now losing value and money.

Embarrassing indeed. This is not how to become a top investor, by insulting other stocks and promoting themselves.

This is his long term results. Poor indeed, very low class investor.

https://klse.i3investor.com/servlets/pfs/123029.jsp - 2019 results
https://klse.i3investor.com/servlets/pfs/131750.jsp - 2020 results

With these kind of results he is very confident despite no portfolio and no results.

Bah hambug!

Wow this is a shit investor indeed. Going to other sites to promote his own held stocks after buying and telling other to push up so he doesn't show losses.

Someone bought shares from 1 cent to 1.5 cent to 2 cents, now losing value and money.

Embarrassing indeed. This is not how to become a top investor, by insulting other stocks and promoting themselves.

This is his long term results. Poor indeed, very low class investor.

https://klse.i3investor.com/servlets/pfs/123029.jsp - 2019 results
https://klse.i3investor.com/servlets/pfs/131750.jsp - 2020 results

With these kind of results he is very confident despite no portfolio and no results.

Bah hambug!

Wow this is a shit investor indeed. Going to other sites to promote his own held stocks after buying and telling other to push up so he doesn't show losses.

Someone bought shares from 1 cent to 1.5 cent to 2 cents, now losing value and money.

Embarrassing indeed. This is not how to become a top investor, by insulting other stocks and promoting themselves.

This is his long term results. Poor indeed, very low class investor.

https://klse.i3investor.com/servlets/pfs/123029.jsp - 2019 results
https://klse.i3investor.com/servlets/pfs/131750.jsp - 2020 results

With these kind of results he is very confident despite no portfolio and no results.

Bah hambug!

Wow this is a shit investor indeed. Going to other sites to promote his own held stocks after buying and telling other to push up so he doesn't show losses.

Someone bought shares from 1 cent to 1.5 cent to 2 cents, now losing value and money.

Embarrassing indeed. This is not how to become a top investor, by insulting other stocks and promoting themselves.

This is his long term results. Poor indeed, very low class investor.

https://klse.i3investor.com/servlets/pfs/123029.jsp - 2019 results
https://klse.i3investor.com/servlets/pfs/131750.jsp - 2020 results

With these kind of results he is very confident despite no portfolio and no results.

Bah hambug!

Post removed.Why?

Also, your concept that if the government has a large holdings in the company it will ALWAYS step in to help it out can be a very dangerous assumption if things go bad.

https://www.malaysia-today.net/2015/09/22/the-perwaja-steel-scandal/

You have to look at Sapura in totality and understand it as a business. How are its revenues structured? Where is it coming from? what are its dead weight assets (the OSVs) How efficient are its FPSO? What are the margins are they getting from their O&M, drilling and exploration profits? And most importantly, is it enough to pay their loans and debt obligations and give a profit to investors at these prices?

To simplify, you cannot look at revenue and orderbook alone to judget the quality of Sapura. Since you are in O&G business, I am sure you have been to easier to navigate locations and high risk areas? I have heard horror stories from old classmates who worked in North sea, so when you want to study sapura you need to understand a few core concepts:

1. Cost of oil extraction and production (russia is USD 30, Saudi is USD 5. Sapura so far seems to be in the region of USD50)
2. Efficiency of equipment and team (return on capital employed)
3. Profit margins and Net margin

For sapura, their quarterly revenue has remained steady around the 1.7b range quarterly. Out of this:

1. Their operating expenses were 1.69 b (very very high ratio compared to revenue)
2. Out of this, their finance cost is 150 million every quarter (meaning they have to pay 600 million in interest and debt reduction every year), not to mention taxes.
3. They have already sold many assets and profitable businesses (https://www.thestar.com.my/business/business-news/2018/11/30/sapura-to-sell-stake-in-drilling-division). Meaning they will not be growing, but are in serious cost cutting measure. When oil war is going on, how will they sell their under utilized assets?
4. How long can their cash in hand last before they need another influx either from private placements, sales of businesses and assets at force sell prices, or more debt increases?
5.Continuing operations:
Revenue Operating profits
E&C 1,592,166 16,089
Drilling 185,860 (48,151)
E&P - sold 14,277

In a nutshell, their operating profits from engineering and construction is 1%!! and their drilling will always be a negative amount. And since they already sold their profitable exploration and production to OMV ( which was supposed to be the big help), you have a company that is only hoping to survive by selling assets to people who do not want them (thus selling at cheap prices), while trying to get whatever contracts at hand just to keep going (instead of doing profitable contracts at good prices).

I think understanding the business directly, will give you a deeper outlook to the company's future, instead of just betting on the accounting land figures which can be massaged anyway you like.

Real World Numbers never lie.

In my opinion sapura energy is very complex and dangerous. Firstly if you are in O&G business, may I know which part? O&M? H&S? Production? Exploration? Manpower? QC?

In either case I repeat my previous analysis

"As you probably know in upstream business,

There is,

Engineering & construction,
Drilling and completion,
Exploration & production,
Operation & maintenance

Back in the early years of 21st century when price per barrel hit 90+, doing exploration and drilling was a very very profitable thing so do. Companies like Sapura and Armada structured very bad deals due to greed, where they had joint ventures with oil field concessionaires and countries to do PROFIT SHARING on exploration and extraction activities. As you now know, this was a very bad idea because as the share price drops, their profit margin drops. I believe their BREAK EVEN costs were something like 50 or 60 per barrel for deep water production. So as of today with advances in fracking and oversupply the price per barrel had been dropping by a very huge amount, causing huge long term losses and impairment with those companies. In the long run the price per barrel will surely recover, but like WorldCom back in the day planting undersea telecommunication cables everywhere, the one to profit in the next cycle will not be them.

Contrast that to yinson, their business model is very straightforward. FPSO charter per man day fixed contract only. Also an initial down payment to pay for ship conversion, and a fixed sum penalty in case of early termination of contract.

Very simple very straightforward. Their specialists are from Europe ( they bought over entire European company to start the FPSO business a long time ago), and they don't have to worry about the price of oil per barrel, as their contract can be bareboat charter or inclusive of operations & management.

Simple, clean and easily understandable. While Armada and sapura are hit by lawsuits ( due to not understanding what they were caught in, blinded by greed and just expanding for expansion sake), every YINSON deal is like the bus company which they started out as. Although in this case the passengers pay to build the bus, then pays a daily rental, and send in their own mechanics, conductors and driver to run the bus. Yinson jobscope is just to provide the bus. Slightly simplified, but you get the gist of it.

I like simple things that I can understand."

I think this is a stupid concept, because a lot of my friends are stuck now with bank loans that they cannot service due to building shoplots and houses that no one wants to buy and they can't sell off due to low demand. You should only build something that people want, and not because you can.

>>>>>>

Sslee Haha
Most of plantation company jump into property development because they have many cheap plantation land near strategy location and reap for property development.
24/03/2020 1:31 PM

Sorry, this is not a micro cap company run by speculation and retailers. This is 10+ billion dollar company owned by institutions, your epf, ASB and many mutual funds. Good luck getting then to listen to you, invisible person with no portfolio or history of investments.

>>>>>>>>


apple168 Last chance to escape...
23/03/2020 1:06 PM

My opinion is very simple. If a company is unable to grow the business or have further use of unexpended capital, the right move is always to increase shareholder value by buying back shares or giving out dividends. A company that hoards cash and doesn't do anything with it is a horrible company (although icap seems to be on the move with the recent market drop. We will see).

I hate companies that also do the opposite, taking loans to give out dividends, which hurt the company growth.

I hate even more companies that move out of its core competency and use the cash hoard to move into businesses which it has no benefit organically, growing just for the sake of growing. It would be like a palm oil plantation that jumps into property development, or a timber company that jumps into building automation systems.

The best is companies that buy back shares when it is cheap, gives out dividends when there are no good opportunities in the market, and conserving cash when it is needed.

Obviously, with a 200+ million cash hoard and 13 billion orderbook with multiple happy subcontractors that are paid based on progress claim (which is charged back by GKENT), they feel confident enough with their quarterly earnings to aggresively buy back shares.

All we need is patience to see how everything turns out.

But did management have enough cash to buy back 5% + of shares and huge dividend yield while waiting for LRT3 earnings clarity?

>>>>>>>>>

calvintaneng NETX IS TSUNAMI SHELTERED

1) CASH RICH & DEBT FREE

2) INSIDERS STRONG BUYING SUPPORT

3) GOOD JOB PROSPECT IN NFCP

4) FUTURE TECH COMPANY

5) SELLING AT PRICE TO CASH DISCOUNT UP TO 60%

6) SAFE, SOLID & SOUND BALANCE SHEET

7) THE SAFEST STOCK IN A TIME OF FINANCIAL CRISIS LIKE NOW!!!
23/03/2020 4:29 PM

Yes of course, it is still part of malaysia. You still need to travel back every 3 months with IC, much longer if you bring passport. Just consider it as a PR status, same thing. IF you can buy property in Singapore, you can buy property in Sabah and Sarawak.

the only difference is CL land is 99 years ownership,after which renew or return back to sabah gov.

Please ask them how mahsing, gamuda, IOI and IJM also able to buy land to do development in sabah and sarawak despite coming from west malaysia.

Clue: Ask them the difference between CL land and NT land.

>>>>>>>

Posted by Sslee > Mar 24, 2020 7:37 AM | Report Abuse

Dear Philip,
I have colleagues from Sabah and Sarawak and they told me only born Sabahan or Sarawakian are allowed to buy land in Sabah or Sarawak. How you manage in buying land?

Calvin is still trying to fear monger.

Funny how Mr market reacts. Fearing the truth about NETX NFCP delay, and having his entire stock networth (50k sgd) into NETX he is having huge panic and starts deleting every commenters post on NETX forum hoping people will not realize the truth... However he doesn't realize the heavyhanded censorship is casting netx on a very negative light and anyone with half a brain will avoid speculative stocks during times like this when wonderful companies with decades of profitable growth in earnings and revenues are lying by the wayside. And so you know the true motives of this greedy pastor.

Not to help investors in selecting good profitable stocks for the long term. But to make a profit by buying cheap and selling high speculation to new investors caught up in his hurrah. Passing the buck to the next idiot just like in talamt, scomies, bjcorp and others.

Maybe Calvin can learn a thing or two: my fastest growing stock now is topglove, and it is also the one I comment the least on the forum.

Taking bad about other stocks to push your own penny stock that is not God's way. It is the greed of man. Even I do not go around telling everyone to sell NETX to buy ql or yinson or topglove. You are a lot life character with no respectability, and you will be judged in your own way in the end. Especially when you make use of His name to cheat and make money from investors.




>>>>>>>>>
Philip can lose Rm50 millions and live modestly in Tawau catching fish from seaside

By then you will have your retirement fund ruined buying into Petchem

At the bottom of Great Depression a stock can lose 90% of its value

It is possible that Petchem can crash to 80 sen
23/03/2020 6:07 PM

Hi enigmatic,

Thanks so much for your concern. Sabah has the second highest growth in cases now, mostly from the East coast side of tawau and semporna. It is very worrying, and I have asked my plantation team to sit tight and stay in the farm. I myself live in Kota kinabalu which is not so bad, but fear is evident everywhere. Lucky
I consider myself lucky because on my own land with only one main house so able to sit tight.

I do worry alot about all those who are living in apartments and HDB flats as they cannot control what others are doing and surrounded by fear everywhere.

Hopefully we can all pull through without needing to resort to more military action. Luckily I have started dabbling in hydroponic vertical farming after my retirement so currently enjoying a lot of fresh vegetables from my greenhouse.

Don't worry about me Sslee. I have gone through many crisis, so far surviving my 3rd major stock crisis (Asian financial crisis, dot.com crisis, 2008 uSA housing crisis). In each case, I became more and more convinced that holding on to wonderful companies send to be the most important thing.

In either case, topglove is still up, ql is still up, stoneco is still up, yinson is still up.

So until then, my margin is still covered.

If this is it first crisis, just be calm, relaxed and realize that opportunities are everywhere now.

>>>>>>>>

Posted by Sslee > Mar 23, 2020 7:54 AM | Report Abuse

I think the way market heading to, very soon philip will need to sell somethings to cover his margin call.

Yes and I am going to buying more stocks every quarter. As my favorite stocks are all still positive.

Manhole, NETX has what after delay of NFCP? Too bad,

Even Berkshire Hathaway shown drops of more than 50% during crisis. The difference is what happens in the long run.

As long as my main stocks, stoneco, ql, topglove and yinson still remain positive, I will be able to deploy more capital and investments to buy more of my favorite stocks at wonderful discounts.


>>>>>>>>

Posted by calvintaneng > Mar 23, 2020 5:08 PM | Report Abuse

TODAY THIS GRUESOME PORTFOLIO SHOWED A LOSS OF RM14 MILLIONS!!

Don't worry, redtone even without NFCP is a profitable company with many good departments. On the other hand I'm quite sure NETX cannot survive the tsunami without NFCP orders or speculations.

>>>>>>>>>>

Posted by monetary > Mar 21, 2020 3:08 PM | Report Abuse

Calvin. whatever we say Mon all stocks will retrace. believers can collect. non believers can sell. Philip. I will b glad if u can give more concrete input so tat ur reputation among i3 members won't b jeapordised. I always enjoy reading ur research.

Post removed.Why?

LRT project is considered a necessary construction because it is a critical transportation in City areas and already progress tracked to 43%.

NFCP is a baby which hasn't even started yet.

Which is easier to cancel?

Think think think.

The early warning shots of NETX at 0.005 is here. Latest news from national newspapers as government struggles to divert resources to healthcare and social services. NFCP put on indefinite hold. Only payment for phase 1 and phase 2 OCT 2020 RFP tender canceled until due notice.

So... now what Mr Calvin? You said got tender. Please explain further. Government expanding resources to healthcare and military instead with their 50 billion allocation.

So.. without NFCP what does NETX have in its future?

>>>>>>>>

https://oilprice.com/Energy/Energy-General/Russia-Wont-Blink-First-In-...

Oil price has dropped to USD 22 per barrel. As demand and supply world wide plummet.

Oh no.

>>>>>>>>>>>

Government has started putting major projects on hold which is unnecessary to daily public and national importance.

Malaysia is looking at a shortfall of more than 58 billion ringgit for the allocation of public works due to cancellation of GST and shortfall from O&G revenue income.

NCFP project has been put on hold at all major states except Kelantan, Terrenganu, Sabah & Sarawak. Revision of packages to drop from 30 mb/s to 15mb/s speeds in rural locations.

Read more here:

>>>>>>



>>>>>>>

Posted by calvintaneng > Mar 21, 2020 2:07 PM | Report Abuse

PHILIP IS BIG HYPOCRITE

IF GOVT CANCELL ALL JOBS THEN WHY KEEP GKENT (going kaput)

See https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-19...

Far far far better to buy a profitable company with good long term prospects than to buy a company with 8 years of losses and banking on NFCP which had been delayed indefinitely.
So now how?

>>>>>>>>>

calvintaneng No losing money last time does not mean not losing money in coming depression?

Even MIGHTY US STEEL CLOSED SHOP WITH OVER 220,000 WORKERS LAID OFF

See this very very very carefully https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-19...
21/03/2020 2:09 PM