Posted by confuse > 2016-03-26 23:09 | Report Abuse

Christianity teach that?

Posted by Koon Bee > Mar 26, 2016 10:30 PM | Report Abuse
3rd) Why u deleted your statement of your rental income of 6 figure p.a??

Posted by Koon Bee > Mar 26, 2016 10:44 PM | Report Abuse
Nobody will trust on you if your keep talking nonsense without fact...you need to change...dont telling lies so often mr Calvin Tan

Posted by Koon Bee > 2016-03-26 23:11 | Report Abuse

Haha...he said MPHB got 1200 acre land to built house

He said 1200 acre land = 52, 272, 000 sq ft land

And he said one house is about 20 x 70 = 1,400 ft

Then he said the 1200 acre land can built 37,337 houses (52,272,000/1400)

and I ask him,

Eh...all the land can use to built house 100% one meh?
No n3ed to spare 40% of the land to built road, school, petrol station, drain, police station, playground etc?

Then he angry me

Posted by Koon Bee > 2016-03-26 23:14 | Report Abuse

Then i ask him...if 37,000 houses...how many years to sell all?

Even ecoworld also need at least 10 years to sell all the 37k house if market if good...u think sell house like selling roti canai?

MPHB busuk busuk need 15 years

Then he cannot answer me

Posted by calvintaneng > 2016-03-26 23:14 | Report Abuse

Icon8888,

No. I didn't have any anger. You were correct that Waseong has more than 1 million acres but up to the date of publishing of AR only 4,000 hectares were planted. Don't read wrongly.

I only say that the underlying land of Rm100 Millions have appreciated by 25% due to ringgit crash.

Posted by Koon Bee > 2016-03-26 23:18 | Report Abuse

Then he said one house can earn about 400k (profit margin 60%)....he work out the estimated profit of 12 b!!

Haha...i told him, the profit margin of a property developer currently is only 20% unless u built condo maybe can go to 40%

And I ask him the land cost, bank interest, land convertion fees of 15-20%, other amenities cost like build school, playground, bomba station, police station no need to exclude kah? He never answer to me until today

Posted by Koon Bee > 2016-03-26 23:21 | Report Abuse

And I calculate if MPHB really can convert that 1200 acre land to built DSTH, the profit roughly 4b only compare to Calvin said 12b!!

And the 4b need to divided to 15 years.

Haha...so, now you all now why i said Calvin always misleading people??

4b divided 15 years compare 12b!!

Walao

Posted by SifuKing > 2016-03-27 00:44 | Report Abuse

This calvin is stupid because he always thinks that he is clever. He likes to talk cock only.

Posted by Ahbeng Beng > 2016-03-27 01:21 | Report Abuse

Koon bee: 5% should be based on asset and asset = owner equity+debt. Why you so focus on equity/cash=5%?? Totally meaningless, if calvin use the cash to buy shares, then % can over 100% if he has more shares than free cash, completely logic flaw.

Another logic flsw is that you use average rental return when calvin was saying he bought lelong ppty, then average return is no longer applicable.

Problem with average is that, it doesn't tell individual cases. Eg if average all ppty is down 10%, it do not mean every single of it is 10% down because average doesnt work in this way, simple arithmetic. Those high end normally drop more while those average drop bit bit and those undervalue can increase in price....but overall is down 10%. So your so call evidence doesnt tell anything

Posted by cruise > 2016-03-27 07:15 | Report Abuse

exactly, master said stupid people always think they are clever
clever people always think they are stupid

LOL

Posted by SifuKing > Mar 27, 2016 12:44 AM | Report Abuse

This calvin is stupid because he always thinks that he is clever. He likes to talk cock only.

Posted by tony89 > 2016-03-27 07:18 | Report Abuse

ah beng beng, u don sound like ah beng being at all !! :)

Posted by Ahbeng Beng > 2016-03-27 10:47 | Report Abuse

Im highly educated ah beng, you see those man in black type loan shark is me.... What to do, nowadays loan shark industry so competitive, if you dun wear nice nice ppl dun want to borrow money from u.

Posted by calvintaneng > 2016-03-27 10:54 |

Post removed.Why?

Posted by leno > 2016-03-28 11:13 |

Post removed.Why?

Posted by Ahbeng Beng > 2016-03-28 14:22 | Report Abuse

Leno: why u so bullish? Will it be too early to say so? What is your view on 17th april meeting? So sure outcone will be positive?

Posted by leno > 2016-03-28 14:25 |

Post removed.Why?

Posted by Tom > 2016-03-28 14:27 |

Post removed.Why?

Posted by alibabacoming > 2016-03-28 14:33 | Report Abuse

thanks for advice calvin tan

Posted by Ahbeng Beng > 2016-03-28 19:22 | Report Abuse

I follow, but the reasoning is weak as fuk, 17th may be the date you get wrong badly, 天机不可泄露

Ohhh by the way, im willing to listen calvin good reasoning with all the wrong outcome then listen to your good guessing with all the right outcome.

Posted by donfollowblindly > 2016-04-03 13:30 | Report Abuse

If follow this blog one should not invest in stock market.

Posted by donfollowblindly > 2016-04-03 13:33 | Report Abuse

I agree with Mr Lee. Why Calvin spend so much time recommending stocks at the same time he is very bearish?

Hi Guys,

My Friend, the Multimillionair Mr Lee, from Malaysia saw My Posting after Posting in i3 Investors' Forum.

He called and asked me whether I have invested lots of monies in the Stock Market?

I answered him a flat, "NO". I only have Less Than 5% of my Capital in the Stock Market.

Then he was so curious as to why I spent SO MUCH Time here recommending stocks to buy or avoid.