Short-Term Economic Recovery Plan (Penjana) Plus Oil Price Rise Will Boost Up NAIM (5073) NAIM HOLDINGS BHD to its former glory days, Calvin Tan Research
Hi guys,
There is a new found optimism in the opening up of the Malaysia Economy in general. And in particular the Fortunes of Naim will return once more.
Why NAIM?
There are many Powerful Reasons or Catalysts
See this
Knight Frank: Penjana to boost industrial, residential and hospitality markets
PETALING JAYA (June 9): The RM35 billion Short-Term Economic
Recovery Plan (Penjana) will benefit the industrial, residential and
hospitality sectors in the property market, said real estate consultancy Knight Frank Malaysia.
Its executive director of Capital Markets Allan Sim said the generous tax incentives under Penjana are timely in capturing Foreign Direct Investments (FDIs) from the US-China Supply Chain Reconfigurations.
Qualifying criteria under Penjana are simplified to the value of
capital investments, with a more generous tax holiday period of up to 15
years for corporates with capital investments of more than RM500
million. This is coupled with the fast track approval mechanism
for manufacturing licences and tax incentives with the establishment of
the Project Acceleration and Coordination Unit (PACU) under the
Malaysian Investment Development Authority (MIDA).
"This will help to raise the country’s attractiveness in the eyes of foreign investors.
Read again
The RM35 billion Short-Term Economic Recovery Plan (Penjana) will benefit the industrial, residential and hospitality sectors in the property market
And NAIM has Lots of industrial, residential and hospitality sectors in the property market
Take a look at NAIM's NTA
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Dec 2019
|
31 Dec 2018
|
31 Dec 2019
|
31 Dec 2018
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
79,765
|
166,477
|
410,769
|
605,426
|
| 2 | Profit/(loss) before tax |
8,759
|
48,222
|
62,612
|
79,350
|
| 3 | Profit/(loss) for the period |
8,288
|
38,918
|
57,726
|
63,423
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
8,173
|
41,585
|
56,333
|
64,983
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.63
|
17.55
|
11.25
|
27.43
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.6200
|
4.7000
|
||
After last year's Rights Issue NTA of Naim is Rm2.62
At 76 sen current price NAIM is selling at a Huge 70% Discount to NET ASSET VALUE
And these ASSETS Will Now See the Unlocking of Value by Penjana
See
Knight Frank: Penjana to boost industrial, residential and hospitality markets
And what does it mean to boost?See
boost
[ boost ]
verb (used with object)
noun
Aha! And no wonder! Naim prices have been bidded up from 64.5 sen to 76 sen today!!
It brought back very pleasant memory when we first promoted Naim in early 2019
It was the Petronas Rm30 Billions Capex Upstream Capex that Gave A Boost for Dayang of which Naim is the top share holders
See
NAIM is Firing Up on All Four Engines just like the 747 Jumbo Plane, Calvin Tan Research https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-08-story192653-NAIM_is_Firing_Up_on_All_Four_Engines_just_like_the_747_Jumbo_Plane_Calvin_Tan_Research.jsp
And Flew it did from 52 sen low to the high of Rm1.41 (Up 270%). Dayang outshone Naim and flew even higher by 500%That was then
Now Naim has retraced to 76 sen while Dayang is now Rm1.31
When Naim was 52 sen Dayang was only 68 sen. Why should Naim be trailing far behind Dayang? It was due to the March 2020 crash & the lock-down.
Now NAIM IS EMERGING AGAIN!!
With much better prospects. In fact 3 Prospects
1) It should not trade so far from Dayang
When Naim was 52 sen Dayang was 68 sen. So by right if Dayang is Rm1.33 Naim should be?
This is the formula
Rm1.33 divides by 68 sen and multiply by 52 = Rm1.017 (to the nearest decimal is Rm1.02)
So is Naim worth Rm1.02?
Not until Penjana!
Naim was bogged down by the lack of incentive & the stupid Rpgt even after 5 years at 5% tax. Many older generations were dismayed after holding Real estate for generations yet must pay tax.
Now Penjana has given a BIG BOOSTER
FREE TAX FROM JULY 1ST To DECEMBER 2021 FOR UP TO 3 HOUSES!
HOORAY.
Many will sell their houses and upgrade or downgrade
Many more will buy because of Free Stamp Duty & another 10% Discount
SO NAIM PROPERTY ARM WILL GET A BIG BOOSTER!!
2) NAIM ALSO OWN LOTS OF LANDS & INCLUDING INDUSTRIAL LANDS
See
Penjana to boost industrial, residential and hospitality markets
YES! NAIM CAN NOW SELL INDUSTRIAL LANDS TO FOREIGN INVESTORS AS FDI IS NOW TAX EXEMPT FOR 10 YEARS WITH RM300 MILLIONS INVESTED. 15 YEARS FOR RM500 MILLIONS INVESTMENTSSARAWAK WITH ITS CHEAP HYDRO POWER PLUS LOTS OF ENERGY FROM ITS OIL AND GAS FIELDS ARE IDEAL PLACES TO SET UP FACTORIES!!
NAIM WILL GET ANOTHER DYNAMIC BOOSTER!
3) FINALLY NAIM GETS A POWERFUL BOOST FROM OIL REBOUNDING
AS NAIM IS TOP HOLDER OF DAYANG AND OIL PRICE RISE WILL LIFT UP THE PROSPECT OF NAIM AS WELL
LOOKS LIKE NAIM IS IN A MORE FAVOURABLE POSITION THAN DAYANG?
WHY NOT?
IN ITS GLORY DAYS NAIM WAS AS HIGH AS RM6.00 WHILE DAYANG WAS RM3.00 TO RM4.00
Let's see if NAIM can reach Rm1.00 & then Its recent peak at Rm1.41 again
Naim now 76 sen
Target price is Rm1.00 to Rm1.20
If broken then Rm1.40 to new high of Rm1.60 possible
Best regards
Calvin Tan Research
Singapore
Please buy or sell after doing your own due diligence. In doubt please consult your stock broker or Fund Manager
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-09-story-h1508701415-Short_Term_Economic_Recovery_Plan_Penjana_Plus_Oil_Price_Rise_Will_Boos.jsp
