Posted by calvintaneng > 2020-10-24 14:05 | Report Abuse

Naim at 86 sen with NTA of Rm2.60 is selling at

67% discount to NTA

This is more than twice the 30% discount which Benjamin Graham required as a margin of safety

Zhulian at Rm1.48 with NTA only Rm1.30 got no margin of safety

Zhulian failed Ben Graham margin of safety test

Naim is Rock Solid

Posted by calvintaneng > 2020-10-24 14:19 | Report Abuse

Since Naim is so cheap the disposal of lands brought in 22 sen Net profit

So 22 sen divided by 86 sen is a gain of 25.5% to NAV

25.5% profit is about 1/4 of Naim Nta

No company is like Naim

Very very grossly undervalue

Posted by Edwardong53 > 2020-10-24 14:57 | Report Abuse

What I don't understand is : In Feb20 the price of Dayang was about RM2.90 and Naim could have disposed off at least 50% of their holdings to realise their capital gain; and now look at price of Dayang ... less than RM1.00. WHY ????

Posted by Mikecyc > 2020-10-24 16:18 |

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Posted by Mikecyc > 2020-10-24 16:24 | Report Abuse

Naim is holding 26 % of Dayang , issued shares is 1.061 billion .. just disposed 50 % with RM 1.5 gain will be in Profit RM 206.9 million .. sold all is RM 413.8 million .. why need to sell asset ..

Posted by Mikecyc > 2020-10-24 16:25 |

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Posted by Mikecyc > 2020-10-24 16:25 | Report Abuse

Why Naim FY17 revenue RM 366 million with Loss ( RM 168.7 million) :

####

2017 brent oil price is averagely USD 54.71 ,2018 brent oil price is averagely USD 65.23 , 2019 is USD 56.99 ( year high USD 66.24 )

Posted by Mikecyc > 2020-10-24 16:29 | Report Abuse

Crude Oil Prices - Historical Annual Data
Year Average Closing Price Year Open
2020 $38.44 $61.17
2019 $56.99 $46.31
2018 $65.23 $60.37

Posted by calvintaneng > 2020-10-24 16:29 | Report Abuse

Perfectly ok for Naim to hold Dayang

Naim in Sawarak holding Dayang is perfectly normal

Sarawak is a major oil producing state

Can also say when Oil was USD100 per barrel why not sell Petronas to China investors

Now petronas also down because Oil is UDS40.00?

Look longer term

Mouse brain with mouse eyes how to see far like eagle vision ?

Posted by Mikecyc > 2020-10-24 16:30 |

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Posted by calvintaneng > 2020-10-24 16:43 | Report Abuse

Very good that Naim has multiple sources of income from

Property real estate sales

Oil and gas maintenance service industry

Landbanking investment for industrial lands

Construction and quarry

Others

Posted by Mikecyc > 2020-10-24 18:15 |

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Posted by Mikecyc > 2020-10-24 18:16 |

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Posted by Mikecyc > 2020-10-24 18:16 |

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Posted by Mikecyc > 2020-10-24 18:17 |

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Posted by Winner18 > 2020-10-24 18:29 | Report Abuse

Calvintaneng ... U R THE BEST ! Your research is genuine !!!

Posted by calvintaneng > 2020-10-24 18:49 | Report Abuse

Terima kasih Winner18

You made my Day!!

Posted by calvintaneng > 2020-10-24 19:01 | Report Abuse

NAIM QUALIFIES AS AN ASSET PLAY

see https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2016-05-03-story-h54275158-WHY_NTA_NET_TANGIBLE_ASSET_IS_YOUR_MARGIN_OF_SAFETY_IN_SHARE_INVESTMENT_C.jsp

Posted by Mikecyc > 2020-10-24 20:58 |

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Posted by Mikecyc > 2020-10-24 21:02 |

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Posted by calvintaneng > 2020-10-24 21:06 | Report Abuse

Think positive

Kertih in Trengganu very prosperous due to Petronas having a plant there

Naim lands will be as valuable as those in kertih

Posted by Mikecyc > 2020-10-24 21:12 |

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Posted by calvintaneng > 2020-10-24 21:20 | Report Abuse

In proposal

Total payout in 12 months will be

18 sen (Rm180)

At 86 sen the yield is 20.9%

Many people also put money in one year FD for only 2% interest

So it is perfectly logical and the best move to put

Naim = 20.9% yield

Banks = 2% yield

Conclusion

Naim offers 1,000% yield compared to Banks

Einstein said

Compounding interest is the eigth wonder in the world

Posted by TheSecret > 2020-10-24 22:06 | Report Abuse

Yes, good dividend.

Posted by Mikecyc > 2020-10-24 23:07 |

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Posted by Mikecyc > 2020-10-24 23:08 | Report Abuse

Zhulian is good dividend loh ...

Posted by Mikecyc > 2020-10-24 23:11 |

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Posted by Mikecyc > 2020-10-24 23:12 |

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Posted by calvintaneng > 2020-10-25 08:21 | Report Abuse

Twisted facts?

Exactly!!

Mikecyc twisted brain always twist facts

See how you twist facts in esceramic and Luxchem

Luxchem will now power up

Posted by TheSecret > 2020-10-25 10:31 | Report Abuse

We looking for longer term investment and patient wait dividend all to give out.

Posted by Mikecyc > 2020-10-25 10:33 |

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Posted by Mikecyc > 2020-10-25 10:35 |

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Posted by stockraider > 2020-10-25 10:37 |

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Posted by Mashoh95 > 2020-10-25 12:46 | Report Abuse

Hi tan Sri Calvin,
How u can be so sure Naim wouldn't end up as dutaland and harnlen?
What so different about Naim compared to these two?
I havent read enough about Naim FA so would love to hear ur insight.
As per TA, last support is 0.83 or 0.815. Tomorrow price may drop more.

Posted by calvintaneng > 2020-10-25 13:32 | Report Abuse

Masoh95

Good question

Can see historical pattern of Naim

In good times Naim gave out consistently good dividend for many years from 2004 to 2015


In year 2016 to 2019 no dividend because there

was problem with Perdana financial insolvency which is a subsidiary of Naim

Finally Perdana debt problem resolved

Plus Sarawak Govt got problem in getting payment from Petronas for development

Now that Petronas gave Rm2.95 billion to Sarawak Govt there Sarawak and Naim will see better times

So Naim bosses foresee better times ahead is resuming it's dividend trend

Posted by TheSecret > 2020-10-25 14:33 | Report Abuse

Very smart Naim boss, support Naim, clap clap clap,

Posted by Mikecyc > 2020-10-25 19:22 |

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Posted by vincent555 > 2020-10-25 19:23 | Report Abuse

Mikecye i saw you seem like against Mr Calvin.he nv con your money right?why
always contrary to him leh?感觉到你一直对人不对事，他好意给些意见而已又没逼大家买嘛。。。买卖都是自负的，何必一直针对人呢?

Posted by Mikecyc > 2020-10-25 19:25 | Report Abuse

Just pity those being lure to buy at 0.965 n is suffer Loss of 10.5 sen ... still far away to benefit from 9.9 sen Dividend ex on 9/11...

Posted by Mikecyc > 2020-10-25 19:26 | Report Abuse

Dayang :

FY18 : Profit 17.5 %

FY19 : Profit 22.6 %

FY20 (Q1 ended March) : Profit 5.4 %

FY20 (Q2 ended June ) : Loss ( 0.58 % )


Perdana :

Since FY15 to FY19 is in Loss :

FY19 : Loss (RM22.9 million )

FY20 2Q : Loss ( RM 16.8 million )

Posted by Mikecyc > 2020-10-25 19:26 | Report Abuse

will be good ???

Posted by Mikecyc > 2020-10-25 19:29 | Report Abuse

Why Naim FY17 revenue RM 366 million with Loss ( RM 168.7 million) , oil price is averagely USD 38.44 in 2020 , will be good ??

####

2017 brent oil price is averagely USD 54.71 ,2018 brent oil price is averagely USD 65.23 , 2019 is USD 56.99 ( year high USD 66.24 )

Posted by Mikecyc > 2020-10-25 19:31 |

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Posted by calvintaneng > 2020-10-25 20:11 | Report Abuse

Hahaha

Calvin is for Netx

For Naim

For Luxchem

For Jtiasa

Posted by tahong > 2020-10-25 20:45 | Report Abuse

No Darurat, tomolo Naim gap up

Posted by Mikecyc > 2020-10-25 21:55 |

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Posted by calvintaneng > 2020-10-25 22:06 | Report Abuse

Micky mouse thinking of Tikus?

Think Big

Netx = potential Alibaba Facebook or Amazon

Jtiasa= Giant Treasure

Luxchem = Best of glove chemical

Naim = Highest dividend stock on earth?

Posted by Mikecyc > 2020-10-25 23:08 |

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Posted by Mikecyc > 2020-10-25 23:11 |

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Posted by Mikecyc > 2020-10-25 23:13 | Report Abuse

Jtiasa ? see jtiasa forum of the QR result n Output comparison ...