TOP 10 REASONS WHY CARIMIN PETROLEUM IS NOW A STRONG BUY (Calvin Tan Research)
The Collapse of Crude Oil caused havoc to many O&G businesses. So the Rise of Brent Crude Oil over USD70 is the revival of O&G Counters.
In June Calvin recommended Waseong at 73 sen. Waseong gained 100% to a high of Rm1.46
See Past Past on Waseong
|THE INVESTMENT APPROACH OF CALVIN TAN
I have An Investment Approach I which I would like to all.
TOP 10 REASONS FOR BUYING WASEONG: WHERE FUTURE MILLIONAIRES ARE MADE!
Author: calvintaneng | Publish date:
Today I spoke to one Johore Buddy. He said by his investment he wanted to be Aires.
“What is Aires”, I asked. “MillionAIRES!!”, he replied.
Haha! He is already a Millionaire! In fact reaching 2 Millions soon.
Calvin wishes all so hard working Investors to be Millionaires
THIS WASEONG MIGHT MAKE YOUR DREAM COME TRUE
THESE ARE THE TOP 10 REASONS FOR BUYING WASEONG:
1) WASEONG SELLING AT BARGAIN BASEMENT LEVEL
The Theory of “BUY LOW” – “SELL HIGH” IS NOW ON TEST. WHO DARES?
Price of WASEONG Now Fallen by 70% From Its Peak!
2) WASEONG HAS DEEP VALUE REAL ASSETS UNKNOWN TO MOST PEOPLE
Please refer to Annual Report. Under Properties Listed. Coming in at No 1 is
WASEONG OWNS MORE THAN 1.1 MILLIONM ACRES OF PLANTATION LANDS IN CONGO. And Many Other Valuable Assets Still At Old Book Value.
This ASTOUNDING DISCOVERY SHOWS THAT WASEONG OWN MORE PLANATATION LANDS THAN FGV, SIME DARBY, IOI, GENTING & OTHERS.
Of the 1.1 MILLION ACRES OVER 440 ACRES ARE NOW PLANTING WITH 3 YEAR OLD OIL PALM TREES!
3) HUGE MARGIN OF SAFETY. Selling At Deep Discount to Revised NTA
SEE, the lands bought by WASEONG Have Not Been Revalued As Yet. And Many Are in Foreign Countries. With the crash of ringgit against Congo franc the RM100 MILLIONS Lands in Congo are already up 25% just from gain due to exchange rate!
4) WASEONG HAS A PRO ACTIVE MANAGEMENT
EVERYTHING RISES OR FALLS ON LEADERSHIP! And WASEONG BOSSES HAVE ALREADY INVESTED EARLY INTO BURMA – THE NEXT STAR PERFORMING EM WITH EXPONENTIAL GROWTH
5) WASEONG IS TIGHTLY HELD BY TOP FUNDS INCLUDING AMANAH SAHAM BUMI, TABUNG HAJI & OTHERS
AMANAH SAHAM BUMI Needs at Least 10$ Growth For Yearly Dividend For Unit Holders!
TABUNG HAJI Needs 12& Yield for Pay Out!
So EXPECT GOVT TO SUPPORT WASEONG
6) WASEONG FOLLOWS PETRONAS INTO CANADA
Petronas already invested 12 BILLIONS INTO CANADA.
WASEONG IS FOLLOWING CLOSE BEHIND.
7) WASEONG IS TOP 2 HOLDERS OF GOLDIS & GOLDIS IS TOP HOLDERS OF IGB
WASEONG Own So MUCH GOLDIS SHARES! IT HAS OVER RM180 MILLIONS IN GOLDIS ALONE AMONG ITS MANY INVESTMENTS!
8) CONTRACT FROM NORWAY AND OTHERS.
WASEONG IS NOW A BIG PLAYER IN WORLD MARKETS. SO IT WILL SURVIVE MUCH BETTER THAN OTHER O&G ENTITIES
9) DIRECTORS & INSIDERS HAVE BEEN BUYING AND BUYING WASEONG SHARES AS HIGH AS RM1.80.
AFTER PRICE CRASH THEY ADDED EVEN MORE!
10) THE ANSWER OF IT ALL – WASEONG IS A CYCLICAL BARGAIN!
In 2007/8 When Oil Price Crashed WASEONG SHARE PRICE DROPPED TO 93 CENTS! Then IT RECOVERED TO OVER RM2.50 NEXT YEAR!
Now at 73 CENTS WASEONG IS A DEEP VALUE BUY!
BUY LOW? SELL HIGH?
DO YOU DARE?
TO BE FEARFUL WHEN OTHERS ARE GREEDY. TO BE GREEDILY BUYING NOW WHILE EPF IS FEARFULLY SELLING?
Ha! Last time Calvin & Johore Sifu Bought and Bought AJIYA When EPF Sold Down Ajiya to near RM1.00 in 2007.
Ajiya later powered up over Rm4.50 & My Johor Sifu Made RM1.5 MILLIONS Just By Ajiya alone.
Will YOU Be the Next Millionaire?
Please buy slowly and average down. The cheaper the better!
SO THOSE WHO BOUGHT WASEONG HAVE MADE A CHUN CHUN 100% JACKPOT
NOW CALVIN IS BULLISH ON CARIMIN JUST LIKE CALVIN WAS BULLISH WHEN WASEONG FELL TO 73 SEN
TOP 10 REASONS FOR BUYING CARIMIN PETROLEUM
1) AT 39 SEN CARIMIN HAS FALLEN BY 65% FROM ITS RM1.10 IPO PRICE.
BUYING CARIMIN NOW IS BUYING AT HUGE DISCOUNT TO IPO PRICE.
2) MARGIN OF SAFETY
At 39 sen with NTA of 67 Sen Carimin is selling at a nice Discount of 42%. This meets Ben Graham criteria of 30% Discount To NTA as a Margin of Safety.
3) CARIMIN ASSETS ARE VALUABLE REAL ESTATES UNDERSTATED WITH DEEP VALUE
A look at Property/Plants/Equipments (PPE) of CARIMIN reveals the Happy Discovery of Highly Undervalue Solid Assets
Take for example (Refer to Annual Report of Carimin under Property)
(viii) No.7, Jalan SS15/2A, Subang Jaya, 47500 Selangor Darul Ehsan………………..Book Value...Rm224,911
Double storey intermediate terrace shophouse (Gross built up 2,646 sq ft)
WHOA! A 2 Storey Shophouse in SS15 SUBANG JAYA (HOT AREA) has a Book Value of only Rm224,911?
What is the Current Market Value?
For that let us go to iproperty.com website
SS15/4D- 2 storey shop, Subang Jaya
- Built-up : 2,147 sq. ft.
- Land area : 20×65
- Whoa! A Crazy Rm3.8 MILLIONS ASKING PRICE?
- This is the address of Carimin office in SS15 Subang Jaya. All can go SEE & VERIFY YOURSELF
- ((( No.7, Jalan SS15/2A, Subang Jaya, 47500 Selangor Darul Ehsan)))
4) AFTER THE CARNAGE OF OIL COLLAPSE MANY O&G COMPANIES HAVE GONE BANKRUPT ONE BY ONE: SO CARIMIN LEASDERS BEING HANDS ON “SEE” GREAT OPPORTUNIES IN THE BUSINESS OF DECOMISSIONING, WELL PLUG & DISMANTALATION & STRIPPING OF ASSETS
The Board of Directors of Carimin wishes to announce that Carimin Engineering, a wholly-owned subsidiary of the Company, had on 5 April 2017 entered into a collaboration agreement with EMAS (“COA”). Carimin Engineering has experience and expertise on hook-up and commissioning (HUC), topside maintenance of offshore facilities, supply of marine vessels, onshore fabrication and the provision of manpower services in the oil and gas platforms in Malaysia, whereas EMAS is principally involved in provision of engineering and technical innovative solutions for pre-commissioning, commissioning, decommissioning, well plug and abandonment services.
So CARIMIN FORMED A JV WITH EMAS WHOSE PARENT COMPANY IS EZRA WHICH IS GOING INTO LIQUIDATION
EMAS is a 99.99% owned subsidiary of Emas Energy Services Pte. Ltd., a company incorporated in Singapore. The parent company of the group is Ezra Holdings Ltd (“Ezra”). Additional information on EMAS may be obtained from Ezra website at http://www.ezraholdings.com/
This shows that CARIMIN BOSSES are on the look out for opportunities & not afraid of dirty work hands on.
This was what happened to Muda who recycled waste paper & rubbish.
In these bad times many O& G are going kaput & turned belly up! So there is opportunity to make money in cannibalising & salvaging leftover for sale.
This kind of Value Add Management is rare.
Example is TMakmur willing to rear animals for sale in its plantations (TMakmur later taken private!)
Another one is Scientex. Scientex not only build houses. They also do the dirty manual work of making their own cement bricks to save cost. By cutting cost Scientex is able to compete against all other Housing Developers in Johor!
SO KUDOS TO CARIMIN MANAGERS!!!
CALVIN GIVES THUMBS UP!!!
5) MAJOR SHAREHOLDERS WITH MYOPIC VISION SOLD DOWN CARIMIN SHARES ON THIS NEW JV
RIGHT AFTER THIS ANNOUNCEMENT ONE SHAREHOLDERS DUMPED CARIMIN SHARES BELOW 30 SEN
Particulars of substantial Securities Holder
Name DYNAC SDN. BHD. Address No. 16, Jalan Skudai, Straits View
Company No. 85602-M Nationality/Country of incorporation Malaysia Descriptions (Class & nominal value) Ordinary Shares Name & address of registered holder AmSec Nominees (Tempatan) Sdn. Bhd. (Pledged securities account for Dynac Sdn. Bhd.) 22nd Floor, Bangunan AmBank Group 55, Jalan Raja Chulan 50200 Kuala Lumpur
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction Description of Others Date of changeNo of securitiesPrice Transacted ($$) Disposed 05 Apr 20173,536,500 Circumstances by reason of which change has occurred Disposal of shares through open market Nature of interest Direct Direct (units) 1,410,000 Direct (%) 6.029 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 14,100,000 Date of notice 08 Apr 2017 Remarks :
This notice was received on 10 April 2017.
Company Name CARIMIN PETROLEUM BERHAD Stock Name CARIMIN Date Announced 10 Apr 2017 Category Change in Substantial Shareholders Interest Pursuant to Form 29B Reference Number CS2-10042017-00080
SO STUPID INDEED!!
It was the dirty work of Muda in paper recycling that caused Muda to go up from 32 sen to Rm2.40 & split (Up 700%)
And OKA who deals with Longkang also up 600% from 35 sen to over Rm2.00
Don’t look down on Longkang & sampah business! So is Carimin decommisioning job!! If it pays well, so what?
6) CARIMIN HAS MANAGABLE DEBT WITH HIGH NTA & HIGH CASH RESERVE
Being a Man Power Company there is little Mark Down of Assets depreciation unlike others whose Equipments are already aged. In fact we already see the Valuable Examples of Carimin understating Its Real Estate Value.
So going forward CARIMIN has survived while others face insolvency due to horrendous debt
7) JOBS ARE WELL SECURED IN RAPID (Pengerang RAPID), WEST COASTAL HIGHWAY (WCE) & KL WATER WORKS
Fear of payment default is little as Paymasters of Petronas, Malaysia Govt & other Entities of Repute.
8) RM60 MILLIONS JOB AWARD & OTHER SERVICES BY PETRONAS ENSURE GOOD COMING QUARTERS
The Board of Directors of Carimin is pleased to announce that Carimin Bina Sdn. Bhd. (“CBSB”), a subsidiary of Carimin, had on 23 June 2017 received a Letter of Award dated 22 June 2017 (“LOA”) as the exclusive Sub-Contractor from Urban Masterpiece Sdn. Bhd. for the construction of all civil and engineering works in respect of the rainwater storage tank, consisting of 2 numbers of tube wells, 1 basement tank, 1 level of service/maintenance floor and external works (excluding mechanical and electrical works) for a project in relation to the management, control and store water for flood mitigation purposes in the area of Jalan Termeloh, Taman Tasik Titiwangsa, Kuala Lumpur, subject to the terms and conditions as stipulated in the LOA (“Sub-Contract”).
2. THE SUB-CONTRACT SUM
The Sub-Contract is estimated to be approximately RM60,000,000.00 (Ringgit Malaysia: Sixty Million Only).
3. DURATION OF THE SUB-CONTRACT
The anticipated period for the completion of the Sub-Contract shall be twenty-four (24) months from the date of site possession. Tentatively, the dates on which CBSB shall commence and complete the Sub-Contract are as follows:-
a) The Date of Site Possession: 16 October 2017
b) The Date of Completion: 15 October 2019
Estimating Rm30 Millions for One Year with 12% profit CARIMIN already show a future profit of Rm3.6 Millions just from this one job award.
And latest is
The Board of Directors of Carimin is pleased to announce that the Company’s wholly-owned subsidiary, Carimin Engineering Services Sdn Bhd (“CES”), had on 20 September 2017 accepted a Letter of Award dated 20 September 2017 (“LOA”) from PETRONAS Carigali Sdn Bhd (“PETRONAS Carigali”) for Provision of Maintenance, Construction and Modification (MCM) Services (Package C (Offshore) Peninsular Malaysia Oil) (“the Contract”).
2. INFORMATION OF THE CONTRACT
The contract duration will be for a primary period of five (5) years with one (1) year extension option effective from 20 September 2017 and will expires on 19 September 2022, at an agreed fixed schedule of rates.
The details of the scope of works in relation to the Contract will be addressed in a work order which will be issued by PETRONAS Carigali and shall include any or all other work and services which is generally related to Topside Structural Maintenance, Workover Preparation and Facilities Improvement Project.
SO FOR THE NEXT 5 YEARS CARIMIN’S FUTURE IS GUARANTEED BY THE JOB AWARD FROM PETRONAS. A MAMMOTH RM170 BILLIONS TOTAL CAPEX FOR PENGERANG RAPID – THERE WILL BE LOTS MORE JOBS COMING CARIMIN WAY
9) THE ARRIVAL OF SAUDI ARAMCO INTO RAPID FOR DOWNSTREAM O&G PROJECTS
ARAMCO BEING WORLD LARGEST OIL COMPANY IS INVESTING USD7 BILLIONS (RM28 BILLIONS) INTO RAPID.
OTHERS WILL COME LATER.
AND CARIMIN HAS AN EVEN BRIGHTER FUTURE!!
Saudi Aramco’s US$7b investment in Rapid tops Asean’s M&A list
10) WITH SO GOOD FUTURE AHEAD CARIMIN BOSSES & INSIDERS ARE LOADING UP CARIMIN SHARES IN UNISON
Calvin has a modest target price for Carimin. Price at 39 sen now. Target to go to 80 sen
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