Posted by calvintaneng > 2014-06-21 14:44 | Report Abuse

Yes, Mr. Koon, the spike in Oil Prices due to Irag problems will also cause all other oils, including Palm Oil, to rise in tandem.

I noticed that you are Top No. Eleven Share Holders of Mudajaya. I think if I am you I will switch to MULPHA Shares which I think should perform even better than all Plantation Counters.

Posted by Koon Yew Yin > 2014-06-21 15:37 | Report Abuse

calvintaneng, please tell me why you think MULPHA share should perform better than Plantation shares. I like to learn new tricks from you.

Posted by wiseeye > 2014-06-21 15:46 | Report Abuse

Mr. Koon, if you have yet to know calvintaneng, he's infamous for giving misleading analysis and false news to people in many threads by way of badmouthing a particular stock and telling people to buy the stock he owns. He's been doing that countless times in many threads. I'm not badmouthing him, but facts are all available from his history of comments.

Posted by skyland > 2014-06-21 15:48 | Report Abuse

haha

Posted by kcchongnz > 2014-06-21 16:00 | Report Abuse

I am really curious how RHB carry out their valuation. For example, JayaTiasa made 0.84 sen per share the third quarter of 2014. For the 2014 cumulative three quarters, it only made 4.87 sen. So what kind of profit RHB is expecting JayaTiasa to make the last quarter of 2014 for the PE to be just 15.5? Jayatiasa is about 2.50 now. Note that the financial year 2014 is ending this month.

Posted by Pak Lah > 2014-06-21 16:05 | Report Abuse

Mr Koon, as what is always underscored by Professor Glen Arnold, the investible companies shall have solid growth prospect, no question, Jtiasa clearly are able to meet this investment criteria. In addition, Prof. Arnold also places an equal emphasis on the management quality, i.e. companies must be operated by honest and competent people.

Unfortunately, Jtiasa have been consistently unable to translate the projections on paper into realised quarterly earning results. Persistently poor OERs since their venture into plantation are a serious matter. Is it due to poor management? Or is the missing OERs transferred to private pockets? Jtiasa is being run by Sin Chew family, and their integrity is always questioned in the street. This noise is too loud to be ignored.

You have attended Jtiasa AGM, and met with the company top guns. Are you able to smell something? Please advise.

Posted by sunztzhe > 2014-06-21 16:09 | Report Abuse

Calvin,
I have directed the question below to you in PMCORP thread but got no response from you. Later on I have posed to you the same question in MULPHA thread but still no response from you. Now I am posing the same question to you again in this thread.

Please advise on the following:

I had perused through the past threads starting in September 2013 and you had been instrumental in promoting that the cash payout was brought up during the AGM held in 2013 and the ex Financial Controller and another director was supportive of the cash payout then. Consequently the share price was ramped up to 37 cents, the Financial Controller suddenly resigned in Dec 2013 and PMCORP shares crashed leaving a lot of innocent investors who had expected cash payout in the lurch.

Was the cash payout brought out again during the recent AGM under any other matters arising? What was the outcome?

What was the Controlling shareholder and Management response towards this during the recent AGM?

Posted by Pak Lah > 2014-06-21 16:47 | Report Abuse

The above table was produced by RHB Investment Bank's Alvin Tai & Hor Lee Leng.

If RHB Research House is so bullish on Jtiasa, then the next pertinent question is why RHB has issued the call warrant Jtiasa-cb at this juncture? To allow retailers to make handsome money by buying into Jtiasa-cb?

A smart investment bank (I think RHB is smart enough) would only issue call warrants when they are confident that the mother share price would not get any higher in the next 1 year. I'm sure those who have bet on call-warrants before would admit that they would eventually lose their pants because their bets in the long run are always reduced to zero value (toilet paper).

Please use some commonsense. Before RHB Investment Bank issued the Jtiasa-cb, they have already done their homework so that they can win big. Don't get trapped.

Posted by bgoon99 > 2014-06-21 18:19 | Report Abuse

From the table, the PE for counters in SG and IN are so competitive compared to MY stocks. Why should I put my money in MY stocks?

Posted by calvintaneng > 2014-06-21 18:23 |

Post removed.Why?

Posted by wiseeye > 2014-06-21 18:38 | Report Abuse

Yes Calvin, with all that analysis of yours, why are there all plus points but none a negative point? Is that Company so perfect? Did you even look at the Company past quarterly earnings?

Its making large losses many quarters with negative ROE, negative PE and negative EPS. I wonder if you take this into consideration. Oh wait, did I mention their gearing? Over RM1.6 billion of loans and borrowings, need I remind you.

Posted by calvintaneng > 2014-06-21 18:41 | Report Abuse

Should read as

1) Connecting Access Road Directly Onto PLUS Highway Just Beside Mulpha Leisure Farm. When Ready LEISURE FARM WILL BE THE NEAREST GATED & GUARDED HOUSING ENCLAVE TO SINGAPORE TUAS - ONLY 5 MINUTES AWAY!

Posted by skyland > 2014-06-21 18:55 | Report Abuse

mulpha...will not so fast

Posted by calvintaneng > 2014-06-21 19:01 | Report Abuse

Wiseeye,

Precisely due to its landlocked inaccessible location and other troubles its share price is reflecting its perceived market value.

How else would Mulpha share price hsd fallen 90% from RM4.50 to a mere 44 cts?

The CASH, CASH EQUIVALENT IN SHARES OF MUDAJAYA, MULPHA LAND & AVEO & CASH IN HAND OVER HALF BILLION RM IS MORE THAN ENOUGH TO CLEAR ALL DEBTS.

More Than That, MULPHA LEISURE FARM LAND HAS A BOOK VALUE OF ONLY RM8.50 psf.

Buying MULPHA ASSETS IS LIKE BUYING 10 Cts To The Dollar. In This Happy Case Buying At Only 5 Cts To The Dollar

Management Has indicated that LEISURE FARM CURRENT LAND VALUE SHOULD BE RM200 psf

So RM8.50 divided by RM200 is only 4.25 Cts To The Dollar.

Posted by Koon Yew Yin > 2014-06-21 19:17 | Report Abuse

calvintaneng talks like an expert with proven track record of a rich and successful investor. How many Mulpha shares do you own and when did you buy them? When do you expert the Mulpha share price to shoot up?

Posted by calvintaneng > 2014-06-21 19:37 | Report Abuse

Ha! Ha!

Actually I had left the stock market for 3 years for Iskandar property house hunting.

I just came back to KLSE in September 2013 - so I am no expert and have much to learn from every body here.

I first bought into Mulpha in year 2014 around RM4.20 to RM4.50. That was 20 years ago. Now that Mulpha has crashed more than 90% it has entered my investment radar screen again.

I don't have much money to invest. I bought some at 43.5 cts. When Mulpha will shoot up I really cannot tell. I owned both Kamdar & Pasdec before.

They both went limit up recently. Mulpha has much better assets and fundamental. I think Market should soon wake up to its potential.

Posted by Intelligent Investor > 2014-06-21 19:48 | Report Abuse

Hi Mr Koon,

Refer to your statement "I said that no share could continuously to go up or come down for whatever reasons and we must take advantage of this phenomenon to make money.", I think it might not applicable to all shares. It might be true for JTIASA where the plantation is a cyclical business.

But how above for the companies that able to expand it business continuously?
Mr. Market might make some correction on the share price on temporary, but like what buffett say "In the short run, the market is a voting machine, but in the long run it is a weighing machine." Let's use PBBANK or NESTLE for example, there are companies with strong histories of profitability and the stock price is following it business growth.

For the company like PBBANK or NESTLE, is it better for us to use a buy and hold strategy compare to active trading strategy? If we sell half of the share after the price go up (say 30%), then when is the good time to buy back? What if the share continue go up (say another 30%) after I sale? Will I miss a chance to invest in a good company?

Just like what cold eye say "低价购买好股，长期持有，只要公司盈利不断上升，就不卖。" on his post "好股难求需珍惜" http://klse.i3investor.com/blogs/coldeyedsharing/16971.jsp

Posted by Intelligent Investor > 2014-06-21 19:52 | Report Abuse

Cold Eye mentioned that Stock investment strategies can be divided into 上策, 中策, and 下策. If I understand correctly, he categorized buy and hold strategy on good company as 上策, while active trading strategy in a cyclical business as 中策.

Below is his original content where I copied from
http://klse.i3investor.com/blogs/coldeyedsharing/16971.jsp
------------------------------------------

股市投资策略可分三等

上策

低价购买好股，长期持有，只要公司盈利不断上升，就不卖。

大马甚至全球的富豪，都是这样成就的。

中策

股票价值被严重低估时，买进好股，中长期持有，等到牛市到来，股值被严重高估时抛不出，按兵不动，等到股价回跌至被低估水平时再买回来，而且以高价卖出时所得的资金，全部买回同一只股票，反复这样做，你所拥有该股的数额越来越多，而每股成本越来越低，回酬越来越高，这样做可以致富。

下策

在股市中不分股票好坏，只看价格波动，低买高卖，抢进杀出，往往搞到茶饭不思，晚上失眠，最后焦头烂额。这是下策，下下之策！以此法在股市赚到钱的，少之又少！



散户们，能不能在股市赚钱，其实大部份决定于你本身的做法，并不是决定于外界的条件是否有利，你们的命运其实是操在你们自己手中，而不是操在别人手中，所以，停止怨天尤人吧！



千金易得，好股难求。买到好股，要懂得珍惜，不要有蝇头小利就迫不急待地卖掉，因为往往卖掉后就没法再以原价买回，以后就失去分享有关公司的成长的机会，太可惜了。

至于股价的波动，那是股市的正常现象，不必过于担心。只要公司盈利不断成长，你的股票的价值就会持续上升，短赚不如长赚。

细水长流胜过易涨易退的山溪水！好股难求需珍惜啊！

Posted by Intelligent Investor > 2014-06-21 20:00 | Report Abuse

Hi calvintaneng,

Your suggestion sound interesting and I take a quick look on MULPHA's financial result - http://www.klse.my/stock/result/quarter/3905.jsp#stockDetailDiv

It might be a good asset play candidate which we can evaluate it based on Graham Net Net strategy.

And based on graham, Investor have to weeding out the bad one and look for a business that is stable so that operating losses don’t eat away the existing cash and other components of Net Net Working Capital.

There are two possibles reasons why a Net Net may fail:-
- Changing intrinsic value - based on development of business e.g. loss money & reduce it working capital
- Market behaviour - stock price not necessary follow to the value that analyst place on it.

What worry me is the company is posting a negative earning for pass few years and it might eventually reduce it asset value.

Owing to this, Graham suggested to filter net net based on following criteria
- “Reasonably satisfactory” earnings record and prospects: Companies that are losing money or have an erratic earnings history are likely to see their intrinsic value decline, making them less undervalued or potentially overvalued.
- “Sound financial condition”: As a test for financial strength, Graham suggests looking for companies with total stockholder’s equity (common and preferred equity) greater than the total of current liabilities and long-term debt.
- Positive operating cash flow for T4Q: To prevent companies liquidate assets to meet its obligations
- Prevent Perennial net nets: companies that are stuck trading below their NCAV.


What's your view on MULPHA based on above criteria? Do you think MULPHA able to pass the filtering from Graham?

Posted by johnchong > 2014-06-21 20:13 | Report Abuse

Calvin I,m curious.

Did you inadvertently left out one of your most upbeat PM Corp in your share holding list above or you aren't a shareholder anymore.

Posted by calvintaneng > 2014-06-21 20:24 | Report Abuse

Intelligent Investor,

I am happy to answer this question. Total Assets minus liabilities show a Surplus for MULPHA.

As to Company burning cash. Management is disposing Vietnam 55 room Service Apt for RM32 Millions and others will follow. And Since Mulpha LEISURE FARM will Appreciate in Value further due to Greater Connectivity & World Class Amenities. I think the Increasing Monetary VALUE of LEISURE FARM's Prime Lands Will negate any further losses from operations.

And With VALUED ADDED SALES OF CLUSTER HOUSES & BUILD UP BUNGALOWS As Opposed To Selling Empty plots of lands. Going Forward Profits Will Multiply Manifold.

Management Has Also Promised To Raise Mulpha Share Price To Match Mulpha's NTA value.

Posted by calvintaneng > 2014-06-21 20:42 | Report Abuse

John Chong,

I am holding out for my Target Price of RM1.50. Longer Term RM10.00. And I have just sold one low cost house. I am waiting to buy some more on weakness.

Posted by inwest88 > 2014-06-21 20:48 | Report Abuse

johnchong - hi, long time didn't see you. Hope you are doing fine.

Posted by Pak Lah > 2014-06-21 20:51 | Report Abuse

Keep mulpha out of this thread. Only comments on plantations stocks are welcome. The property upcycle has already ended. Create another blog to discuss property stocks.

Posted by calvintaneng > 2014-06-21 20:58 | Report Abuse

Intelligent Investor,

Your words, "Erratic Earnings History" reminds me of KFima (Kumpulan Fima) years ago which I bought between 35 cts to 45 cts then.

Others have shunned KFima because of Erratic Quarter To Quarter Earnings. In fact KFima suffered losses in year 1999 -30 cts, 2000 -7.7 cts & year 2002 -29.9 cts. And from years 1999 to 2004 KFima gave zero dividend.

But KFima has NTA of over RM1.00 with pineapple plantations and others.

The rise of commodity prices subsequently provided consistent earnings and KFima price has done very well today. Now that KFima performs so well where got cheap anymore like 35 cts?

Posted by sense maker > 2014-06-21 20:58 | Report Abuse

Mulpha and PMCorp share the same problems. Controlling shareholders take undeserved RM'millions of remuneration yearly to sit on a diverse pool of low-yielding assets, and they are very rich personally such that they would not have any urgency to drive the biz and hold themselves accountable to any yearly profit-target.

Mulpha is a typical value trap, as is PMCorp. As it involves too high opportunity cost, I cut Mulpha off many years ago at a loss at 53sen.

RM1 NTA today is worth less than RM0.50 in 10 years time if a company produces flat results year in year out for a decade. Land will appreciate of course but the sales for so many years of Leisure Farm in the past years seem to be barely enough to pay for operating expenses of Mulpha.

MulphaLand though was a nice insider play to drive the price up by 200%, but that was not designed to benefit outsiders like us.

Posted by calvintaneng > 2014-06-21 21:10 | Report Abuse

Please base your words on accurate facts & figures. Total PM Corp Directors' remuneration is about RM100K plus only. And Mulpha Boss Mr. Lee own 38% Mulpha Shares. You think he wants his money to rot?

Didn't you see his remark to raise Mulpha Share Price To Match NTA Level?

And did you buy PPG at 52.5 cts? Up 20% in one week.

IT WILL MAKE SENSE TO FIND AND BUY UNDERVALUE SHARES

CHEERS!

Posted by skyland > 2014-06-21 21:14 | Report Abuse

Calvintaneng seems like malaysia warrant buffet...all his share bought earlier all 100-300%...but dunno how true is it?

Posted by calvintaneng > 2014-06-21 21:19 | Report Abuse

As DEEP VALUE HUNTERS WE MUST FIND STOCKS SELLING AT BIG DISCOUNTS.
THESE STOCKS USUALLY HAVE PERCEIVED PROBLEMS. THAT IS THE REASON WHY THEY ARE SO CHEAP. THE GREATER THE PERCEIVED PROBLEM THE CHEAPER THEY ARE.

Stocks With Little Problems Are Public Bank, TM, MayBank, TNB, Dutch Lady, Nestle, CIMB, CMSB, UMW (I own for 10 years), TAKAFUL & OTHER WELL KNOWN SHARES. But They Are No Longer Cheap. Instead some are in Bubble Territories.

Does this make sense?

Posted by calvintaneng > 2014-06-21 21:31 | Report Abuse

Skyland,

Yes & No,

Yes, I bought all those shares as stated. Many I sold too early.

No, I am no Warren Buffet. I think KCChongNz & The Great Raider Will Qualify for that title.

I bought Pintaras Jaya cheap at RM1.40. I sold too early. If I had known our friend KCChongNz earlier and his superb write up on Ptaras, I would still be keeping it today. So I am here to learn like every body else. Learning is a life long process.

Posted by johnchong > 2014-06-21 21:46 | Report Abuse

Thank you Calvin.

Posted by Koon Yew Yin > 2014-06-22 08:28 | Report Abuse

calvintaneng has written 5 comments out of the last 10. Please look at skyland's remark quote "skyland Calvintaneng seems like malaysia warrant buffet...all his share bought earlier all 100-300%...but dunno how true is it? 21/06/2014 21:14"

He sounds like a big gas bag, an empty drum makes the most noise. If he writes down all his current share holdings including Mulpha, I can easily tell you how successful he is.

Since he has given us the impression that he is a big shareholder of Mulpha. If that is true, I think he has to examine his track record to find out why he has failed in making money.

Four years out of the last 10 years, Mulpha lost money. The total net earning for the last 10 years is less than one sen per share. I will not buy Mulpha now until it shows a much better result.

There is a saying "In the stock market you can still buy the winning horse after the race". It means that you can still buy Mulpha after it has shown its fantastic profit.

Posted by slts > 2014-06-22 09:02 | Report Abuse

collect plantation stocks for el nino play
palm prices have bottom
on uptrend now

Posted by tc2012 > 2014-06-22 10:59 | Report Abuse

let's get back to plantation stocks.Any good counters to consider for a)short-term b) mid-term c) long-term ?

Posted by MrTigerShark > 2014-06-22 11:10 | Report Abuse

A BIG SLAP ON CALVIN FACE AGAIN!!!!!WAKAKAKAKAKA!!!YOU ARE BIGGEST JOKER IN I3!!!!!!!!!WAKAKAKAKAKAKAKAKAKA!!!!!

Posted by MrTigerShark > 2014-06-22 11:24 | Report Abuse

KCCHONGNZ, HAVE YOU PURPOSELY FORGET THAT YOU SAID CALVIN IS TRUSTWORTHY AND I AM WRONG????APOLOGISE TO ME NOW!!!!DO NOT BECOME A CHICKEN!!!!!!WAKAKAKAKAKAKA!!!!

Posted by calvintaneng > 2014-06-22 11:26 | Report Abuse

Mr. Koon,

Great minds talk about ideas, good minds talk about things and weak minds talk about people.

I shall not deviate to talk about character or politics.

Now that you have berated Mulpha as not your choice but JTiasa,

I would like to compare both stocks performance in the months and years ahead and then ALL CAN SEE the Results for Themselves.

Closing price for JTiasa on June 2oth 2014 at RM2.50
Closing price for Mulpha on June 20th 2014 at 44 cts.

Since there is a price difference the performance shall be determined by percentage - by gain or by loss.

Are you agreeable to this friendly contest?

Posted by Pak Lah > 2014-06-22 11:38 | Report Abuse

Calvintaneng, please do not turn i3iinvestor into a casino. Enough is enough. Do you know who is Mr Koon? Please go google to find out more information about Mr Koon. I'm thrown when you extended an invitation for this bet-who-will-win contest. Be real, kid! This is not a circus.

Posted by milopanas > 2014-06-22 11:41 | Report Abuse

calvintaneng,jangan memalukan sendiri lagi.kamu suda cukup malu di sini......

Posted by kcchongnz > 2014-06-22 11:44 | Report Abuse

Posted by MrTigerShark > Jun 22, 2014 11:24 AM | Report Abuse

KCCHONGNZ, HAVE YOU PURPOSELY FORGET THAT YOU SAID CALVIN IS TRUSTWORTHY AND I AM WRONG????APOLOGISE TO ME NOW!!!!DO NOT BECOME A CHICKEN!!!!!!WAKAKAKAKAKAKA!!!!

Suddenly see this interesting posting.

Me apologize? To you? For what?

Let me be frank here. Calvin is a trustworthy person, I still think he is. He has contributed a lot more than a lot of people here. That includes you, no doubt. He was misled by the previous director from PMCorp I think. He over promote PMCorp, that I agree. I also think PMCorp has some credibility issues.

Calvin has certain investing philosophies, which I think i s much better than many, who has not a single clue about investing, except speculating. His philosophy is also proven, not just talking cock.

Posted by AyamTua > 2014-06-22 11:51 | Report Abuse

i support kcchongnz and calvin tan as good philosophers and good trustworthy online friends with positive contributions all the way .. need to shoot them then bloody take it on me ..

Posted by calvintaneng > 2014-06-22 11:56 | Report Abuse

Thank you KCChongNz, sorry to trouble you.

And To Honourable Philanthropist Mr. Koon Yew Yin & all here,

I am not here to be disrespectful to Veteran Mr. Koon. Ideas are shared that we may improve. I might be wrong after all. It is only a friendly contest to improve our investment decisions.

Even Our First PM Tungku Abdul Rahman played golf with PM Lee of Spore. A game has no harm.

Posted by calvintaneng > 2014-06-22 11:58 | Report Abuse

And Yes AyamTua,

You no need to sleep? You posted late into the night and watch football?

Posted by Kukuman > 2014-06-22 12:07 | Report Abuse

He is at it again! Even KYY have to told him off. The great die hard promoter of pmc is evrywhere promoting his brand of "successful" investment ancient story where only idiot will believe him

Posted by sunztzhe > 2014-06-22 12:13 | Report Abuse

Hiyah, why get so worked up leh, life is short leh , everyone has different investment philosophy mah, u stick to the investment strategy that had benefitted u most mah, if u want to be a trader good for u. If u want to be value investor also good for u, if you want to be fusion TA+FA good for u too as long as whichever method u use. u all make profit mah. If don't make profit then listen to uncle Koon advise lor n change investment strategy mah. So simple mah.

Now just decide whether u want to invest plantation stocks now or wait later.

Posted by calvintaneng > 2014-06-22 12:16 | Report Abuse

Mr. Kukuman,

Mr. Koon shares his JTiasa (good stock), Success (Very good stock),

KCChongNz Shares Many Excellent Stocks (No one can write better than him on PTaras) and AyamTua has solid Hexza, NTPM & many others he shared.

Please be constructive and share some nice findings you have. Sure you know something positive that all can learn from you. No man is an island.

Posted by sunztzhe > 2014-06-22 12:32 | Report Abuse

Calvin, Uncle Koon which your eccentric friend Leno has no balls to say directly to him as "Pundan blue chip investor" had given good calls on quite a number of stocks. Kcchong also has but both use different methods. Uncle Koon has been successful for past 20 odd years. He must have a winning formula if not how can he be so successful? Why r u here seeking his endorsement for mulpha? Plse respect n take note of uncle Koon advise to u n maybe in future u can transform yourself lor. Adopt a positive mindset.

Uncle Koon advise to u is a god send message to u. Please take in good spirits. Well I appreciate uncle Koon communication style..straightforward advise unlike name calling him behind his back as "Pundan Blue Chip Investor" n having no balls to say directly. So please take uncle Koon advise to u positively.

Posted by AyamTua > 2014-06-22 12:33 | Report Abuse

Calvin Tan: I dont watch football haha! i stay late everyday trying to find "trading ideas" what people share onlines i merged it with my own techniques .. and yes , what you shared and kcchongnz .. so far it keeps my portfolios healthy beyond my own imaginations!

Money Making theories
PMCorp/MUIIND introduced by Calvin Tan - outstanding
AHB/Leeks introduced by Bonescythe - outstanding
NTPM/Hexza by KcChongnZ - outstanding
EAH/GHLSys by WiseEye - outstanding

few example how people ideas can make diffrence to one portfolios

the rest of people here just talk and talk and talk ..

like I said Calvin Tan and KcchongnZ - i support all the way

thanks

Posted by AyamTua > 2014-06-22 12:36 | Report Abuse

to me Calvin Tan is hero and a pioneer in stock ideas - i openly said that. got problems?

Posted by ktan > 2014-06-22 12:53 | Report Abuse

ayamtua,some ppl pandai talk 3 talk 4 and talk apanama only,kakakakaka...boleh apply to join namewee bah.