Posted by kakashit > 2016-10-04 14:11 | Report Abuse

Sohai ar，二百五酱贵

Posted by VenFx > 2016-10-04 14:30 | Report Abuse

Fair price rather get con by Calvin.

Posted by bananajerk > 2016-10-04 14:55 | Report Abuse

please la 这种烂分析还要收钱

Posted by Icon8888 > 2016-10-04 15:03 | Report Abuse

Well said GoldenEggs.

As bloggers, we must be consistent. Calvin Tan condemned Comcorp because it has 0.5 times gearing (60 mil loans divided by net assets of 120 mil). Now he recommended a stock with 3 times gearing ? (RM581 mil loans divided by net assets of 230 mil).

Not credible, right ?

Posted by cheoky > 2016-10-04 15:04 | Report Abuse

Maybe one is not able to earn rm250 in stock market, try out in stock education. At least got try

Posted by cresbinvest > 2016-10-04 15:05 | Report Abuse

talk on surface also need rm250?

Posted by calvintaneng > 2016-10-04 15:15 | Report Abuse

So naysayers talking bad about Bpuri?

There is a vast difference between BPuri and Comcorp.

BPuri has Rm250 millions asset in Subang Shopping centre and many other assets. All very defensive. Its total assets minus total debt is still positive.

For concorp it has only one forlorn factory in faraway Kulim. So at such lofty price Comcorp has no margin of safety. Comcorp also stood guarantee for huge subsidiary borrowings.

While we talked The Balance of 81% free float will all be taken up.

So better hurry. Or else you guys will miss BPuri just like you did with Super Enterprize.

Posted by Icon8888 > 2016-10-04 15:31 | Report Abuse

We should not lie

Otherwise no matter go church how many times also no use

Posted by GoldenEggs > 2016-10-04 15:33 | Report Abuse

Chill guys, this is not the report that worth RM 250, it's a complete analysis which i will provide a sample later on.

Posted by GoldenEggs > 2016-10-04 15:58 | Report Abuse

Yea Icon, the gearing together with cash flow are risky.

Posted by Gen2 > 2016-10-04 16:01 | Report Abuse

How many times I need to remind that bins puri only has about 33% stake in usj main place mall.

Posted by Gen2 > 2016-10-04 16:03 | Report Abuse

Calvin the more you said the more I feel not comfortable holding this counter....even I had hold it for more than 2 years...

Posted by VenFx > 2016-10-04 16:06 | Report Abuse

Hi ! Icon8888 bro, 
must defence that Comcorp's genuine loan are much more lower, as much as 10mil out of the 60mil to serve as Capex expenditure for It's EMS / Communications Solution segment / New biz (Green Tech) . In another word it is a merely 0.08 gearing, while it is still healthy on the first glance at 0.50 yet still reducing . 

Icon8888 bro aware of that certainly, juz to wipe off Calvin from copy & paste your posting and start to blur the newbies in i3.

Posted by Icon8888 > 2016-10-04 16:22 | Report Abuse

Calvin please comment on this

As I said, it is not good to lie

Gen2 How many times I need to remind that bins puri only has about 33% stake in usj main place mall.
04/10/2016 16:01

Posted by Johnnys > 2016-10-04 16:26 | Report Abuse

calvintaneng ........ just follow icon8888.

Posted by calvintaneng > 2016-10-04 16:28 | Report Abuse

I now in booming Iskandar.
Will reply more in detail later.

Once more, don't miss bpuri like you guys missed super enterprize and jaks which later shot up 200%

Just collect as free float is less than 19%.

Insiders already taken 81%.

When it's gone it's gone.

Posted by VenFx > 2016-10-04 19:04 | Report Abuse

Calvin still scratching his head to cover his lies ?

Posted by calvintaneng > 2016-10-04 20:15 | Report Abuse

Ladies & Gentlemen,

I am Calvintaneng here!

First I want to apologise to Gen2 for not replying to his specific request about BPuri has only 33% stake in USJ Main Place Mall.

Let me explain my position:

What I wanted to highlight is that BPuri has Rm205,000,000 worth of Money in Main Place Mall. So it is inconsequential whether BPuri ouw 33%, 50% or 100%.

My Main Focus is If BPuri Needed CASH it can sell off this asset and convert it into CASH.

To me NTA (Net Tangible Asset) backing is VERY IMPORTANT AS A MARGIN OF SAFETY.

THIS IS THE REQUIREMENT MENTIONED IN THE BOOK

THE INTELLIGENT INVESTOR By Ben Graham

Ben Graham's criteria for picking a stock is

IT SHOULD BE SELLING AT AT LEAST 30% DISCOUNT TO NTA

That means that BPuri current NTA is 93 cts.

The Margin of safety if to buy up to 65 Cts. Why 65 Cts?

Because 65 cts is actually 70% of 93 cts.

SO I POINTED THE IMPORTANCE OF BPURI'S RM205,000,000 WORTH OF ASSET IN MAIN PLACE MALL.

So in time of emergency Main Place Mall (33%) Could be sold for RM205 MILLIONS TO PAY OFF DEBT. BPURI ALSO GOT OTHER REAL ESTATE VALUABLE ASSETS)

BPURI Also Own:

TOLL ROAD.
Again this is a recurring CASH COW.
And if needed This Can Also BE CONVERTED TO CASH.


POWER SUPPLY DIVISION
Again this could be sold off for cash just like 1MDB selling off Power Concession to China for cash.

QUARRY & READY MIX CONCRETE ASSET

HOSPITALITY DIVISION

SHOP/OFFICES FOR RECURRING INCOME

So these above constitute the 93 Cts NTA of Bpuri.

And all things being equal

All Assets - Debts show a NET NET of 93 CTS for BPuri

So at 42.5 cts BPuri is selling at a WHOPPING 55% DISCOUNT TO NTA!

I hope you all can SEE!

Posted by VenFx > 2016-10-04 20:20 | Report Abuse

Trading Market has discounted most Properties asset by 50% . For a small player in this section 50% discount considered very generous. There are much more efficient player in the market..eg . Hohup , Matrix , Tambun ...

Posted by VenFx > 2016-10-04 20:32 | Report Abuse

Again, pls leave your believing to yourself, and don't influence i3 newbies with such poor argument. Who going to pay in full for an asset while everyone run out of cash ?

Posted by calvintaneng > 2016-10-04 20:43 | Report Abuse

Posted by VenFx > Oct 4, 2016 08:32 PM | Report Abuse

Again, pls leave your believing to yourself, and don't influence i3 newbies with such poor argument. Who going to pay in full for an asset while everyone run out of cash ?

From the mouth of VenFx

"EVERYONE RUN OUT OF CASH?"

Only VenFx Run out of cash!!

My Johor Buddies who followed me to buy Pm Corp at 9 cts are laughing.

Those who followed Calvin to buy Super Enterprize at Rm1.25 are laughing

Those who bought Jaks at 39.5 cts are laughing all the way to the Bank

Those who bought My EG, Jerasia, Kheesan, Ajiya, Kimlun, Masteel, Prestar, Kulim, TMakmur, KPSCB and many others are making 30% to 200%

ALL FULL OF MONIES & LAUGHING ALL THE WAY TO THE BANK!

Where Got "Run out of Cash"?



AND LISTEN! LISTEN! LISTEN!

ALL WHO BUY BPURI WILL ALSO END UP LAUGHING AND LAUGHING SOMEDAY TOO!

Posted by VenFx > 2016-10-04 20:46 | Report Abuse

Don't twist my meaning Calvin, isn't you mentioned above Asset serve as your safety margin during bankrupt of Bpuri ... isn't that hint your Bpuri will sell all their asset by 50% ?

Posted by VenFx > 2016-10-04 20:48 | Report Abuse

Btw, how u can run to bank laughing all the way, while your porfolio flooded bloodily ?
U must be kidding , smoking kerosene ?

Posted by yewniengwei2693 > 2016-10-04 20:52 | Report Abuse

Main Place die Liao...

Posted by VenFx > 2016-10-04 20:59 | Report Abuse

I'll rest my case here .

Posted by Stone_Wall > 2016-10-04 23:04 | Report Abuse

Thank you Calvin, for the entertainment....laughter the best medicine ..hahahaha

Posted by Benjamin_8888 > 2016-10-04 23:06 | Report Abuse

Lol

Posted by ipomember > 2016-10-04 23:16 | Report Abuse

@Goldeneggs

Show us what your analysis covers, if it is the same as everyone else, there is no point for us to look into it, not to mention purchase. No offence, it is just that free information is everywhere now. Thanks