for dayang.......calvin just point out the + side....which is 10 sen EPS after 6 months......but surely, there must be a reason the share is traded at suck low levels......this, calvin didn't know/ didn't tell u or he ignorant?
1) Pan Borneo High propels all Naim land holdings in Sarawak - near Kuching, Bintulu, Miri & other prime areas
For property, construction, Oil & Gas in Dayang all got very good turnaround results
See
3) POWRFUL EARNINGS PER SHARE (EPS)
So good. Naim has not only High NTA it has also got Powerful Earnings
And this is not just a one off
Refer to Qtr result
The Group recorded higher revenue of RM438.9 million for the period under review, as compared to RM261.0 million reported in the corresponding period of 2017. The increase was contributed by both Property and Construction divisions, which recorded a 78% increase in their revenue when compared against that achieved in the corresponding period of 2017, due to increased work progress and additional new property sales [see Note 17.1 (b) for details].
Property segment recorded an increase in its revenue and profit during the current period under view. The increase was partly contributed by increased work progress achieved. Higher new sales of about RM100.6 million (January to September 2017: RM92.9 million) also had led to the increase in the property revenue and profit during the 9-month period.
17.2 Review of performance of major associate Our associate, Dayang Enterprise Holdings Bhd. (“DEHB”), reported an unaudited profit after tax attributable to owners of about RM66.5 million, against a loss of RM89.7 million registered in the corresponding period of 2017. The improvement in the DEHB performance wasmainly due to higher maintenance work orders performed during the period under review.
So from here we can see that all three
Construction
Property
Oil & Gas (Dayang)
are doing well
Resulting is a nice 12.8 sen profit this last quarter
4) PAN BORNEO HGHWAY
This single connecting highway will increase the Value of NAIM LANDBANKS By manifold
In the 1950s One Acre Land in Shah Alam was worth only Rm5,000. After KL - Klang Federal Highway was built the Lands in Shah Alam increased by manifold.
Like the wild wild West of USA in its pioneer days those lands were given free to settlers. Same goes for those Lands in Pahang in early days. After the KL - Karak Highway was built land prices soared in Pahang. And the PLUS- North South Highway unlocked the land Value from Perlis to Perak... from Seremban to the Southernmost part of Johor.
Since NAIM is the Largest Real Estate Land Owner in Sarawak it stands to gain the most in Land Value appreciation
And spearheading its future
See
Naim Holdings Berhad has accepted the award of Pan Borneo Highway Project which is the package work for Pantu Junction to Batang Skrang in Sarawak. The contract is estimated to worth at least RM 1.1 Billion for Naim Holdings Berhad.
As someone who lives in East Malaysia and has friends who are contractors of the different branches of the pan Borneo highway, and who has actually lived in Sarawak and have supplied to NAIM and DAYANG before, all I can say is wow. Calvin knows his stuff. Almost an the tenders are being renegotiated in pricing, and all the price are barely profitable for main contractors who don't have good internal teams. Those days of fat profits are long gone.
None of the proper sub-contractors want to work with them anymore, including us. Their payment schedule is horrendous. They are over leveraged and have no money. All dealings are in cash terms only. Cash before start work.
Their management is untrustworthy. The projects they take are beyond their scope of work and skill level. Even their best engineers and managers( people like Mr. Chan who left the mrt project halfway due to mass idiocy) have long gone and left for other MNC where they are paid triple the salary.
Margin of safety? There is no margin of safety when idiots are managing your company. Look at the board of directors. Not a single one is chosen for their skill sets, all are chosen because of the bloodlines or relationship.
Turnaround? Paper magic.
Long term the management is still the same. The company attitude and culture is still the same. The benefits and money politics are long gone.
The trend now is O&G ma. Shit counter also can turn to gold. You look at the analysis. It is comparing against carimin share price. So it carimin up 300%, dayang also must up 300% loh....hehehe.....
1 just like to asked is carimin confirm getting 1billion project from petronas? or is it base on someone assumption?
How can you just proxy CARIMIN and DAYANG simply on those metrics. Isn't that just silly and crazy?
That's like saying najib and mahathir are the same kind of leader just because both are Malay, do politics in Malaysia, and have long experience in malaysian politics.
Each company is different, goes on different tangents and each company has different management who make different decisions based on their company goals.
Good luck Calvin. At least now I know what kind of companies you and your buddies invest in.
this calvin uses words like margin of safety.....but all his stock picks are rubbish....and if he knows what he is doing he better be short term ....because short term it is all an illusion.......
Bro Calvin, you dun get me mistaken with Zhuge_liang oh. He is my great great great great uncle and he is long dead la.....hehe. Therefore, I no worship sifu otb le.... As for Jtisa....tambah ah? if every 30% drop also tambah, warren buffet also become a buffet for the shark la. So much to tambah meh???
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
14,490 posts
Posted by probability > 2019-02-10 21:48 | Report Abuse
oh no...calvin did it again!