Dear Friends/Investors of i3 Forum,
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
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
CALVIN HAS A MODEST TARGET PRICE FOR CARIMIN AT 80 SEN
See if it will follow Waseong to gain 100% in less than 2 years
REGARDS, Calvin Tan Research, Singapore