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Home calvintaneng DESTINI TOP 10 REASONS WHY DESTINI (7212) IS A BUY NOW, Calvin Tan Research

TOP 10 REASONS WHY DESTINI (7212) IS A BUY NOW, Calvin Tan Research

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Hi guys,
After Carimin, Naim, Dayang & Penergy have surged  200% to 300% from its lows Calvin thinks DESTINI Is another stock with strong potential to go up
And These Are My Reasons:
 
1) DESTINI WON 2 FRESH JOB AWARDS IN 2019 (ONE FROM SHELL & ONE FROM PETRONAS IN THAILAND)
Like Carimin Which was Given Fresh Job Awards in September 2017 & Calvin called for a buy at 39 sen Now Is The Time to Buy Destini (7212) BECAUSE LIKE CARIMIN DESTINI HAS BEEN GIVEN 2 JOB AWARDS IN EARLY 2019
See Calvin's Chun Chun Buy Call On Carimin at only 39 sen
Author: calvintaneng   |   Latest post: Fri, 26 Jan 2018, 12:16 AM   |  >> Go to Blog Dashboard
Hi Guys, 
I have An Investment Approach I which I would like to all.
  
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
 
Selangor
RM 3,800,000

SS15/4D- 2 storey shop, Subang Jaya

Selangor

    • Built-up : 2,147 sq. ft.
    •  
    • Land area : 20x65
    • 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 LEADERS 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
      Johor Bahru
      80200 Johor
      Malaysia.
      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 change
      No of securities
      Price Transacted ($$)
      Disposed   05 Apr 2017
      3,536,500
       
       
      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.
       

      Announcement Info

      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.
10) WITH SO GOOD FUTURE AHEAD CARIMIN BOSSES & INSIDERS ARE LOADING UP CARIMIN SHARES IN UNISON
 
 
 
 CALVIN HAS A MODEST  TARGET PRICE FOR CARIMIN AT 80 SEN
 
REGARDS, Calvin Tan Research, Singapore
 
 As of now Carimin share price is 93 sen, which is 13 sen more than Calvin's target price of 80 sen
 
NOW THESE ARE THE TOP 8 REASONS WHY YOU SHOULD BUY DESTINI
 
1) DESTINI HAS JUST RECEIVED 2 FRESH JOB AWARDS (ONE FROM SHELL (MALAYSIA) & ONE FROM PETRONAS (THAILAND)
Just as Carimin received Job awards in Sept 2017 although its balance sheet was still negative Calvin confidently called for a buy at 39 sen...today DESTINI Balance sheet is at least positive
See Carimin balance sheet then
 

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2017

CARIMIN PETROLEUM BERHAD
 
Financial Year End 30 Jun 2018
Quarter 1 Qtr
Quarterly report for the financial period ended 30 Sep 2017
 

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017
 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2017
30 Sep 2016
30 Sep 2017
30 Sep 2016
$$'000
$$'000
$$'000
$$'000
1 Revenue
24,734
32,846
24,734
32,846
2 Profit/(loss) before tax
-71
1,773
-71
1,773
3 Profit/(loss) for the period
-183
1,635
-183
1,635
4 Profit/(loss) attributable to ordinary equity holders of the parent
-277
1,646
-277
1,646
5 Basic earnings/(loss) per share (Subunit)
-0.12
0.70
-0.12
0.70
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 ($$)
0.6778
0.6791
 
 SEE THE ABOVE: THE TIME TO BUY CARIMIN WAS DUE TO ITS FUTURE EARNINGS {Even though in January 2018 result was still negative it was Still A Chun Chun Buy for the Brave.)
Today after good results are out every Tom, Dick or Harry will also chase Carimin
 
SO LOOK AHEAD : DESTINI IN ONE YEARS TIME WILL ALSO REPORT GOOD REVENUES & EARNINGS JUST LIKE CARIMIN. 
By then DESTINI SHARE PRICE WOULD ALSO BE AT 93 SEN OR EVEN MORE!!!
 
2) LIKE 5 OGSEs - DESTINI is Also Receiving More Off Shore & On Shore Jobs from Petronas.
Better Still - Petronas Is Awarding Rm50 Billions capex for year 2019 of which Rm15 Billions go to Upstream in Malaysia (domestic) Rm35 Billions will be awarded to International Jobs outside Malaysia. And since DESTINI Won the Petronas Job Award in Thailand - it is a testimony to the Superior Management of Destini in securing Jobs on its own Skill & Merit
 
3) NO FEAR OF BN LINK FOR THIS REASON
People feared When I called for a Buy on Naim because they said Naim belongs to Mohd Taib.
And Naim even gone Limit Up to Rm1.30 for more than 140% gain
People also complained When I recommended Penergy because they said Top Boss of Penergy is a crony of Ex PM Najib. And Penergy powered to Rm1.20 for over 50% gain
There is a fear because people think Director Dato Rozabil is linked to UMNO
Now why you shouldn't  fear about Destini. Why?
Answer
Please refer to Annual Report of Destini (2017)
1. AROMA TERAJU SDN. BHD. 200,000,000 17.31
THE TOP SHAREHOLDER OF DESTINI WAS AROMA TERAJU
NOW SEE THIS
TOP 30 SHAREHOLDERS OF DESTINI
1. AROMA TERAJU SDN. BHD. 200,000,000 17.31%
 
AND AROMA TERAJU IS OWNED BY THE MINISTER OF FINANCE (CURRENTLY UNDER LIM GUAN ENG)
SO MOF (MINISTER OF FINANCE INC, GOVT OF MALAYSIA) IS TOP HOLDERS OF DESTINI WITH 200 MILLION SHARES AT 17.31%
 
4) SAVVY INVESTOR BRAHMAL OF CREADOR FUND IS ALSO IN TOP 30 SHAREHOLDERS OF DESTINI
 
SEE
21. CIMSEC NOMINEES (TEMPATAN) SDN. BHD. BENEFICIARY: CIMB BANK FOR BRAHMAL A/L VASUDEVAN (PBCL-0G0115) 10,000,000 0.87
BRAHMAL HAS 10 MILLION DESTINI SHARES AT 0.87%
A CHECK WITH BRAHMAL ENTRY COST SHOWS HE BOUGHT DESTINI SHARES FROM NEAR 60 SEN TO NEAR 90 SEN
SO AT 31.5 SEN OUR ENTRY COST IS ONLY HALF OF BRAHMAL ENTRY PRICE
SAVVY INVESTOR WAS KNOWN TO HAVE BOUGHT MYEG AND MADE 300% AS WELL AS SMRT & MADE 140%
ANOTHER STOCK GOING FOR IPO SOON IS THE VERY POPULAR (DO IT YOURSELF (DIY) SHOP WHICH BRAHMAL HAS INVESTED HEAVILY
 
5) SINCE BRAHMAL LOWEST ENTRY COST WOULD BE AROUND 70 SEN IT IS VERY POSSIBLE THAT HE TARGETS RM1.40 FOR DESTINI BEFORE CASHING OUT
IF SO THEN AT CURRENT PRICE OF 31.5 SEN - THERE IS A 344% EXPECTED UPSIDE FOR DESTINI
 
6) MINISTER OF FINANCE APPOINTS ITS OWN PEOPLE AS DIRECTOR OF DESTINI
SEE

Change in Boardroom

DESTINI BERHAD
 
Date of change 18 Oct 2018
Name ENCIK MOHD SHIHABUDDIN BIN MUKHTAR
Age 39
Gender Male
Nationality Malaysia
Designation Non Executive Director
Directorate Non Independent and Non Executive
Type of change Appointment

Qualifications

No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Masters
 
Master of Finance
 
University of Adelaide, Australia

 

 RECENTLY MOF HAS APPOINTED ITS OWN MINISTER AS ONE OF DESTINI DIRECTOR
SEE
Kementerian Kewangan Malaysia
YBhg. Tan Sri Dr. Mohd. Irwan Siregar bin Abdullah [Ketua Setiausaha Perbendaharaan] YBhg. Dato’ Dr. Mohamad Isa bin Hussain [Setiausaha Bahagian Syarikat Pelaburan Kerajaan] YBhg. Datuk Ahmad Badri bin Mohd Zahir [Setiausaha Bahagian Pelaburan Strategik] Puan Normazli binti Abdul Rahim [Peguam Cara Perbendaharaan] Encik Ahmad Suhaimi bin Endut [Timbalan Setiausaha Bahagian Syarikat Pelaburan Kerajaan] Encik Razali bin Othman [Ketua Penolong Setiausaha Kanan Seksyen Penilaian, Penswastaan dan Pembiayaan] Puan Afidah Azwa binti Abdul Aziz [Ketua Penolong Setiausaha Kanan Seksyen Penilaian, Penswastaan dan Pembiayaan] Encik Faisal@Pisal bin Abdul Ghani [Ketua Penolong Setiausaha Sektor Tadbir Urus Korporat] Encik Mohd Shihabuddin bin Mukhtar [Ketua Penolong Setiausaha Sektor Strategik dan Am] Encik Iszad Jefferi bin Ismail [Ketua Penolong Setiausaha Sektor Strategik dan Am] Puan Noorhasnida binti Khairuddin [Penolong Setiausaha Seksyen Penilaian, Penswastaan dan Pembiayaan] Encik Mohamed Farhan bin Mohamed Ainuddin [Penolong Setiausaha Seksyen Penilaian, Penswastaan dan Pembiayaan] Encik Anas Hilmi bin Ahmad [Penolong Setiausaha Sektor Strategik dan Am] Encik Muhammad Khairul Fuadi bin Hamdan [Penolong Setiausaha Sektor Komersil] Encik Mohd Zahrain bin Mohd Nor [Setiausaha Sulit Kanan Ketua Setiausaha Perbendaharaan]
 
7) SO NOW DESTINI IS IN GOOD HANDS (DESTINI ALREADY CAPTURED 40% OF GOVT LINKED JOBS & 60% PUBLIC LISTED JOBS
GOING INTO YEAR 2019 DESTINI IS DESTINED TO PERFORM EXCEPTIONALLY LIKE NEVER BEFORE!!
 
8) so FILLED WITH HIGH HOPE & PROSPECT INSIDERS ALSO BOUGHT UP DESTINI SHARES AS HIGH AS 85 SEN
SEE
 
 
 
9) THE BEST OF THE VERY BEST REASON TO BUY DESTINI IS THIS: ITS PRICE IS DIRT CHEAP AT 31.5 SEN
AFTER SECURING 2 JOB AWARDS LAST WEEK PRICE OF DESTINI SURGED SOMEWHAT AND THEN WEAKENED
PEOPLE THINK DESTINI IS NOW TOO EXPENSIVE (WRONG THINKING & WRONG ASSUMPTION)
SAME DOUBT HAPPENED WHEN CALVIN CALLED FOR A BUY ON PENERGY AT 75 SEN
DOUBTERS SAID PENERGY ALSO WENT LIMIT UP FROM 42 SEN TO 72 AND SO PRICE CAN ONLY GO DOWN AGAIN AND THEREFORE CANNOT BUY
HOW WRONG THEY ALL WERE
PENERGY POWERED TO RM1.20 FOR 60% GAIN
SO NOW DESTINI IS ONLY 31.5 SEN AND PEOPLE STILL SAY THE SAME THING AND DOUBT THE SAME DOUBT
SURE.
ALL THESE HAVE MISSED THE CARIMIN BOAT, THE NAIM BOAT, THE PENERGY BOAT 
AND WILL ALSO GOING TO MISS THE DESTINI BOAT
WHO WILL RISE UP TO THE OCCASSION TO BUY DESTINI WHILE STILL CHEAP AT 31.5 SEN?
WHO WILL TAKE ACTION NOW AND CHANGE HIS FUTURE DESTINY FOR THE BETTER!!
IF YOU DON'T ACT NOW; OR SLOW TO ACT THEN YOU ARE FATED TO MISS ANOTHER GOLDEN OPPORTUNITY
 
10) CALVIN HAS A MODEST TARGET PRICE FOR DESTINI AT ONLY RM1.00 (WHICH IS AT LEAST 200% UPSIDE FROM 31.5 SEN WHICH I THINK IS HIGHLY POSSIBLE
 
BEST REGARDS
 
Calvin Tan
Singapore
 
Please buy/sell after doing your own due diligence

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/198215.jsp
calvintanengDESTINI
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