Stock Infographics

MPHB Capital Privatization: A Questionable Valuation

DonkeyStock
Publish date: Tue, 28 May 2024, 06:51 PM
Visual content on financial market and investment trends

MPHB Capital Berhad recently received a privatization offer for RM 1.70 per share. Don’t think it will go through at this price.


The company operates in two main segments:

·        Credit: MPHB Capital is involved in credit investments.

·        Insurance: The company operates in the insurance sector.


Strategic Landbank in Pengerang:

·        One of MPHB’s most valuable assets is its landbank located in Pengerang, Johor. Iskandar has gained prominence due to the booming industrial development and the establishment of data centers.

·        The landbank spans approximately 1663 acres. Although its leasehold, the lease will only expire in 2910, 886 years more to go.

·        This land is strategically positioned near the site of the Refinery and Petrochemicals Integrated Development (RAPID) projects.

·        The land is currently valued at RM 58.93 million, which is valuing it at RM 0.80 per sqft or RM 35k per acre.

·        Massive landbank in Penang and Gombak, Selangor too


Don’t think the minority shareholders will accept such a low offer. Hold on for a higher price. Patience could pay off.

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Kaya Toast

Good info. Besides
, MPHB also in hospitality segment, Flamingo by the Lake (280room) at Ampang and Flamingo By the Beach (230room) at Penang. Major stakeholder privatising at this cheap price is day light robbery.

2024-05-28 21:15

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