Hi guys,
They say truth is stranger than fiction.
Yes! Many a time Calvin sees lots of miscalculations in the KLSE Market place.
For this let Calvin relate a past example
Once I was in the Stock Market with my Johor Sifu. I saw one guy buying Sapura shares instead of SapuraTech to his ignorant.
Sapura is taking SapuraTech Private with extra Rm40 a shares.
The irony is this – both Sapura & Sapuratech are trading at 80 cents a share.
By buying SapuraTech you get one share of Sapura with 4 extra cent
Like this
One Sapuratech = One Sapura & 4 cents
So buy Saparutech instead of Sapura – you dummy!!
I wanted to warn the dumb guy but My Johor Sifu restrained me
“Don’t tell him. No point. He might not understand your good intention & might even give you a good scolding.” my Johor Sifu warned me. So let it be.
The above is a real life experience.
Now my Johor Sifu is a Multi Millionaire so he keeps to himself. For Calvin he just like to share the joy.
I hope all understand the difference between Value & price.
Now Calvin sees similarity between Dayang & Naim
Why should people be buying Dayang when for about the same amount of money you can buy Naim at 76 sen & own Dayang Plus Everything Else FREE in NAM
How come?
Let's go do a Research in Dayang & Naim then
Refer to Dayang Annual Report (scroll to 30 Top Holders of Dayang
See
1. CIMSEC Nominees (Tempatan) Sdn Bhd .......................145,114,147................................... 13.673%
CIMB For Naim Holdings Berhad (PB)
2. Naim Holdings Berhad........................................................ 90,737,300.................................... 8.549%
6. Naim Holdings Berhad........................................................ 44,550,000..................................... 4.197
From the above we see Naim is in Top 1, 2 & 6 positions of Dayang with a total of 280.4 MILLION SHARES OF NAIM AT 26.42% (TOP HOLDER OF DAYANG)
Now at Rm1.33 the Total Value is
1,330 x 280,400 = Rm372,932,000
SO NAIM HAS RM372.9 MILLIONS IN JUST DAYANG ALONE
Ok let's go and see Naim Annual Report
500,743,322 shares in Top 30 & free float about 500 million shares
Last closing price of Naim is
Let's calculate the Total Value
500,743.322 x 760 = 380,564924.7
So the Total Value is Rm380.57 Millions
SO THE LOGICAL DEDUCTION IS THIS
BY BUYING NAIM AT RM380.57 WE GET ABOUT RM372.9 MILLION VALUE BACK IN DAYANG ALONE
Or about 98% OF OUR MONEY WORTH IN DAYANG
HUHUHU!!!
I FEEL LIKE SHOUTING WITH THE GREAT BENJAMIN GRAHAM & WARREN BUFFET
"INVESTING IS SO EASY!!!"
OK WHAT ELSE DO WE HAVE IN NAIM?
Let's go and see the Assets of NAIM
Top 10 Properties
Lot
1. PROPERTIES UNDER PROPERTY, PLANT AND EQUIPMENT
Part of Lot 6180, Block 11 Clubhouse 20.07.1995 29,220 ..................................................................Rm25.081 MILLIONS
Kuala Baram Land Dsitrict Expiring (5,385)*
26.05.2114..........................
2. Part of Lot 4173 Hotel Building 06.11.2008 1,969...........................................................................Rm 48.531 MILLIONS
Bintulu Town District Expiring (12,662)
3. Lot 6186, Part of Lot 8837, Block 11 Land For 20.07.1995 459,680 ..............................................Rm20.778 MILLIONS
Kuala Baram Land District Development Expiring
4. Lot 5234, Block 25 Land For 29.05.2008 1,808,000........................................................................Rm 26.709 MILLIONS
Muara Tuang Land District Development Expiring
5. Lot 4288, Block 26 Land For 14.11.2014 114,680...........................................................................Rm 17.204 MILLIONS
Kemena Land District Development Expiring
6. Lot 2905, Block 20 Land For 20.05.2013 260,000.........................................................................Rm 15.080 MILLIONS
Kemena Land District Development Expiring
7. Lot 789, Block 20 Land For 20.11.2013 1,803,000........................................................................Rm 83.110 MILLIONS
Kemena Land District Development Expiring
8. Lot 2861, Block 20 Land For 20.11.2013 2,253,000....................................................................Rm 103.720 MILLIONS
Kemena Land District Development Expiring
INVESTMENT PROPERTY
9. Lot 2597, Block 8 Industrial 27.07.2016 200,300........................................................................Rm 10.562 MILLIONS
Muara Tebas Land District Land Expiring
10. Lot 3244, Block 11 Commercial Land 20.07.1995 34,130........................................................Rm 44.869 MILLIONS
Kuala Baram Land District & Retail Building Expiring (25,560)
TOTAL OF 10 PROPERTIES ........................................................................................................Rm395.664 MILLLIONS
AND BY PAYING RM380.57 MILLIONS FOR WHOLE NAIM COMPANY WE GET RM395.664 MILLIONS
WE PAY RM1.00 TO GET RM1.03 WORTH OF ASSETS
(And that is only Top 10 of Naim many other proerties not mentioned for lack of space)
SO TO SUM IT UP
BUYING NAIM AT RM380.57 MILLIONS WILL GET YOU
1) RM372.9 MILLION WORTH OF SHARES IN DAYANG ALONE
2) RM395.664 MILLIONS WORTH OF ASSETS IN TOP 10 PROPERTIES OF NAIM ALONE
3) ALL THE OTHER PROPERTIES NOT MENTIONED
4) ALL THE OTHER BUSINESSES FREE
5) ALL THE GOODWILL BUILT UP THRU MANY YEARS FREE
SO NOW YOU KNOW THE TRUE VALUE OF NAIM
AND ITS POTENTIAL!!!
BRENT CRUDE OIL REBOUNDING POWERING UP DAYANG AGAIN
CHANGE OF FAVOURABLE POLICIES FOR REAL ESTATE
CHANGE OF POLICY REGARDING FOREIGN DIRECT INVESTMENT
See
INVESTMENT PROPERTY
9. Lot 2597, Block 8 Industrial 27.07.2016 200,300........................................................................Rm 10.562 MILLIONS
Muara Tebas Land District Land Expiring
10. Lot 3244, Block 11 Commercial Land 20.07.1995 34,130........................................................Rm 44.869 MILLIONS
Kuala Baram Land District & Retail Building Expiring (25,560)
NAIM NOT ONLY BUILD HOUSES AND CONDOS FOR SALE
NAIM ALSO SELL INDUSTRIAL LAND AND COMMERCIAL ASSETS TO OTHER INVESTORS
SO NAIM WITH SO MANY CATALYSTS SHOULD NOW RISE UP TO MATCH DAYANG AT RM1.33 OR EVEN OVERTAKE IT
BEST REGARDS
CALVIN TAN RESEARCH
SINGAPORE
PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DIIGENCE. IN DOUBT CONSULT YOUR REMISIER OR FUND MANAGER
Further note
Business Background
Naim Holdings Bhd is an investment holding company. Along with its subsidiaries, the firm is engaged in property developments, construction, civil engineering, infrastructure projects, and oil and gas services. It operates in three reportable segments. Its Property development segment includes development and construction of residential and commercial properties and sale of vacant land. Construction segment includes construction of buildings, roads, bridges and other infrastructure and engineering works including oil and gas related construction projects. And its Other segment includes manufacture and sale of buildings and construction materials, property investment and quarry operation. The firm generates the highest revenue from Construction segment in Malaysia.
Read again
Its Property development segment includes development and construction of residential and commercial properties and sale of vacant land
With the 10 to 15 years Tax Free incentive for FDI (Foreign Direct Investment) from Rm300 Millions to Rm500 Millions there will be a SURGE OF DEMAND FOR INDUSTRIAL LANDS IN SARAWAK
AND NAIM BEING THE LARGEST LAND HOLDERS IN SARAWAK WITH 2,500 ACRES OF LAND STANDS TO GAIN THE MOST
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-10-story-h1508702415-WHY_PAY_RM1_33_FOR_DAYANG_WHEN_YOU_CAN_GET_IT_FOR_ONLY_76_SEN_IN_NAIM_P.jsp
