Indeed excellent value

Very sharp Calvin.

Let's Look at another Piece

4 lots of freehold land held for future development at Jalan Tuanku Munawir, Seremban, Negeri Sembilan Darul Khusus (Date of acquisition: November 2005)

19,534 sq meter-

Rm29,875,000

This land was purchased in year 2005 (14 years ago ) at Rm29.875 Millions

Let's calculate how much Per Sq Ft

19,534 sq meter x 10.764 = 210263 psf

Now divides 29,875,000 by 210263 psf = Rm142 psf

Rm142 psf looks not cheap

But wait a minute!

LOOK AGAIN WHERE ARE THESE LANDS LOCATED!!

IT SAYS

JALAN TUANKU MUNAWIR, SEREMBAN!!

Ok just a Comparison

It is equal to ORCHARD ROAD IN SINGAPORE

JALAN WONG AH FOOK IN JOHOR

OR JALAN BUKIT BINTANG IN KL

OR PENANG ROAD IN PENANG

SO IS RM142 PSF CHEAP?



THESE 2 PLOTS ARE LITERAL GOLD MINES OF MUI PROP

NOW WITH ECRL PASSING THROUGH THERE WILL BE A GOLD RUSH!!

Spot on, Calvin

2. OUT OF 9 PROPERTIES LISTED IN MUI PROPERTY THE TOP TWO MOST EXPENSIVE ARE LOCATED CHUN CHUN IN SEREMBAN



i) BANDAR SPRINGHILL

State of Negeri Sembilan Darul Khusus Balance of freehold land held for township development known as Bandar Springhill at Mukim of Jimah, District of Port Dickson, Negeri Sembilan Darul Khusus (Date of acquisition: January 1995)

4,386,792 sq meter-

Rm149,769,000



Let's calculate its lands in Acres & then price in per sq ft



First Multiply 4,386,792 sq meter- by 10.764 to convert to per sq ft = 47219429.088 sq ft



So divides Rm149,769,000 by 47219429.088 sq ft

Rm3.17

YES THESE FREEHOLD LANDS ABOUT 20 MINUTES FROM SEREMBAN CBD ARE ONLY VALUED AT RM3.17 PER SQ FT.

Let's see how many acres by dividing 47219429.088 sq ft by 43,560 (acre) = 1.084 ACRES

YES GOT IT!

MUI PROP HAS 1,084 ACRES OF FREEHOLD LANDS IN THE TOWNSHIP OF BANDAR SPRINGHILL

AND THE COST SINCE PURCHASE IN YEAR 1995 (24 years ago) REMAINS AT RM3.17 PER SQ FT

THAT IS VERY CHEAP AS SEREMBAN IS ONLY 20 MINUTES AWAY, BANDAR SRI SENDAYAN & PORT DICKSON ONLY 10 to 15 MINUTES AWAY FROM THIS BEAUTIFUL TOWNSHIP WHERE SPRING AND SUMMER IS PERENNIAL!!

LGE the Finance Minister reasoned that ECRL passing through KL is more expensive as Lands in KL is Rm700 psf to Rm800 psf while in Seremban it is cheaper at Rm40 psf

So if we use just the 50% discounted cash price of Rm20 psf for Bandar Springhill lands it will be

47219429.088 x Rm20 = 944,388,581.76

HA! THESE LANDS WOULD BE WORTH

RM944.3 MILLIONS IF REVALUED TODAY


Now SINCE MUI PROP TOTAL PAID UP SHARES ARE 740,914,596 THAT MEANS THAT

944,388,581 divides by 740,914,596 = 1.27462542493

THAT IS ALREADY RM1.27 PER SHARE

WHOOPEE!

Good Calvin

IF WE INCLUDE INVESTMENT PROPERTIES OF RM30 MILLIONS AS CASH IN SOLIDIFICATION THAT IS ANOTHER 4 SEN

SO IF WE ADD 4 SEN TO 19 SEN PURE CASH = 23 SEN!!

NOW MUI PROP AT 20.5 SEN WITH LIQUID CASH & ASSET OF 23 SEN WE ARE ALREADY BUYING BELOW CASH POSITION

THIS WAS HOW CALVIN AND JOHOR BUDDIES MADE SO MUCH FROM PM CORO FOR YEAR 2013 WHEN WE BOUGHT INTO PM CORP AT 15 SEN WITH NET CASH OF 18 SEN ALONE

TODAY PM CORP AT 14.5 SEN IS ACTUALLY 22.5 SEN (IF WE INCLUDE 8 SEN CASH PAYOUT!)

SO MUI PROP IS A VERY VERY ROCK SOLID STOCK WITH GREAT POTENTIAL!!

TQ Calvin

MUI PROP HAS VERY VERY HEALTHY BALANCE SHEET

In its latest quarterly results it shows Rm70 Millions in Net CASH & another Rm70 Millions in Net INVESTMENTS

THAT'S RM140 MILLIONS (More than Pm Corp!!)

Rm140 Mil out of 740 mil paid up shares equal to 19 SEN NET CASH



THAT MEANS THAT AT 20.5 SEN WITH 19 SEN IS CASH

WE ARE ACTUALLY BUYING MUI PROP FOR 1.5 SEN?

FOR ITS BANDAR SPRINGHILL LANDS ALREADY WORTH RM1.27 A SHARE?

THEN GOT PRIME LANDS IN SEREMBAN CBD, 6 ACRES HOTEL IN AUSTRALIA, 4 SHOPHOUSES IN KUCHAI LAMA & OTHERS. PLUS

ANOTHER RM30 MILLIONS IN INVESTMENT PROPERTIES OF CAMERON HIGHLAND, PENANG AND USA!

Like its clean balance sheet. Haha

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT 30 JUNE 2019
30.06.2019 30.6.2018 01.07.2017
RM'000 RM'000 RM'000
(Restated) (Restated)
ASSETS
Non-Current Assets
Property, plant and equipment 8,175 8,556 9,054
Investment properties 30,312 31,163 31,190
Inventories/Land held for property development 35,263 35,263 35,263
Investments 78,883 67,303 74,485
Deferred tax assets 1,127 776 961
153,760 143,061 150,953
Current Assets - -
Property development costs 116,076 106,315 94,698
Contract costs 541 - -
Inventories 14,877 11,031 11,585
Investments 54 45 50
Trade and other receivables 23,189 18,940 15,531
Tax recoverable 143 534 1,600
Deposits, bank balances and cash 68,997 75,383 81,855
223,877 212,248 205,319
TOTAL ASSETS 377,637 355,309 356,272
EQUITY AND LIABILITIES
Equity Attributable To Equity Holders Of The Company
Share capital 162,468 162,468 162,468
Treasury shares, at cost (6,301) (6,301) (6,301)
Reserves 115,537 95,674 102,583
271,704 251,841 258,750
Non-Controlling Interests 84,239 78,636 74,925
Total Equity 355,943 330,477 333,675
Non-Current Liabilities
Employee benefits 65 60 14
Current Liabilities
Borrowings - - 701
Trade and other payables 21,610 24,753 21,859
Provision for taxation 19 19 23
21,629 24,772 22,583
Total Liabilities 21,694 24,832 22,597
TOTAL EQUITY AND LIABILITIES 377,637 355,309 356,272
RM RM RM
Net assets per share attributable to
equity holders of the Company 0.37 0.34 0.35
MUI PROPERTIES BERHAD
Company No : 6113-W
(Incorporated in Malaysia)
The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Annual Financial Report for the financial
year ended 30 June 2018 and the accompanying explanatory notes attached to the interim financial statements.

Mui prop with its strong cash position, able to declare cash dividend like its glorious days or distribute its treasury shares as share dividend.. maybe, they wanted to sapu more cheap shares from the open markets from the ikan bilis first :p

Mui prop has HK connection, good for it to market properties, etc in HK and mainland China from HK

Another boost to properties sector

Putrajaya aims to organise Home Ownership Campaign in China or Hong Kong
TheEdge Thu, Sep 12, 2019 12:11am - 9 hours ago


KUALA LUMPUR (Sept 11): Putrajaya is looking at organising a Home Ownership Campaign (HOC) either in China or Hong Kong to attract Chinese buyers to come and invest in the local property market, which is cheaper by comparison, said Housing and Local Government Minister, Zuraida Kamaruddin.

“I was thinking that we could organise this HOC campaign (in China or in Hong Kong).. (because) it is cheaper to buy a house here.

“I went to one flat of 250 sq ft worth RM3 million in Hong Kong, and said even a Minister cannot afford to buy property in Hong Kong,” she told reporters at the 5th Smart Cities Asia 2019 here, today.

However, Zuraida said only high-end homes would be sold to the Chinese investors.

She said currently, there was about RM100 billion worth of unsold high-end projects in the country.

Her Ministry, she said, would discuss the issue with the Cabinet and expects to work with the Tourism, Arts and Culture Ministry on it.

The HOC is an initiative announced by Finance Minister Lim Guan Eng during the 2019 Budget, whereby local house-buyers would be exempted from stamp duty for purchase of residential units built between January and December 2019.

Developers will also offer attractive discounts and packages for house purchases made during this period.

The HOC is open to all homebuyers to encourage property ownership and stimulate the Home-ownership Campaign.

Cash per share is high even after deducting total liabilities :)

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT 30 JUNE 2019
30.06.2019 30.6.2018 01.07.2017
RM'000 RM'000 RM'000
(Restated) (Restated)
ASSETS
Non-Current Assets
Property, plant and equipment 8,175 8,556 9,054
Investment properties 30,312 31,163 31,190
Inventories/Land held for property development 35,263 35,263 35,263
Investments 78,883 67,303 74,485
Deferred tax assets 1,127 776 961
153,760 143,061 150,953
Current Assets - -
Property development costs 116,076 106,315 94,698
Contract costs 541 - -
Inventories 14,877 11,031 11,585
Investments 54 45 50
Trade and other receivables 23,189 18,940 15,531
Tax recoverable 143 534 1,600
Deposits, bank balances and cash 68,997 75,383 81,855
223,877 212,248 205,319
TOTAL ASSETS 377,637 355,309 356,272
EQUITY AND LIABILITIES
Equity Attributable To Equity Holders Of The Company
Share capital 162,468 162,468 162,468
Treasury shares, at cost (6,301) (6,301) (6,301)
Reserves 115,537 95,674 102,583
271,704 251,841 258,750
Non-Controlling Interests 84,239 78,636 74,925
Total Equity 355,943 330,477 333,675
Non-Current Liabilities
Employee benefits 65 60 14
Current Liabilities
Borrowings - - 701
Trade and other payables 21,610 24,753 21,859
Provision for taxation 19 19 23
21,629 24,772 22,583
Total Liabilities 21,694 24,832 22,597
TOTAL EQUITY AND LIABILITIES 377,637 355,309 356,272
RM RM RM
Net assets per share attributable to
equity holders of the Company 0.37 0.34 0.35
MUI PROPERTIES BERHAD
Company No : 6113-W
(Incorporated in Malaysia)
The Condensed Consolidated Statements of Financial Position should be read in conjunction with the Annual Financial Report for the financial
year ended 30 June 2018 and the accompanying explanatory notes attached to the interim financial statements.

Very cash rich company


Current Assets - -(RM'000)
Property development costs 116,076 106,315 94,698
Contract costs 541 - -
Inventories 14,877 11,031 11,585
Investments 54 45 50
Trade and other receivables 23,189 18,940 15,531
Tax recoverable 143 534 1,600
Deposits, bank balances and cash 68,997 75,383 81,855
223,877 212,248 205,319

Total Liabilities 21,694 24,832 22,597

esok sure up :) again

Stock Quote

11 Sep 2019 05:00PM
Prices delayed by 15 mins.

Last Done 0.170 (0.010)




Market
MAIN MARKET

Sector
PROPERTY

Stock Code
3913

Change
0.010

Percentage Change
+6.25

Volume ('00)
34,118

Buy Volume ('00)
10,855

Buy
0.165

Sell
0.170

Sell Volume ('00)
5,598

LACP
0.160

Open
0.165

High
0.170

Low
0.165

Remarks
s

Tan Sri Dato’ Khoo Kay Peng Age 79. Male. Malaysian. Executive Chairman. He was appointed as Director on 25 November 1977 and has been Chairman since 1979. Currently, he is also the Executive Chairman of Malayan United Industries Berhad. He is also the Chairman of Pan Malaysian Industries Berhad, Metrojaya Berhad, West Synergy Sdn Bhd, Laura Ashley Holdings plc and Corus Hotels Limited (formerly known as Corus Hotels plc), United Kingdom. He is presently a trustee of Regent University, Virginia, USA, a board member of Northwest University, a Council Member of the Malaysian-British Business Council, the Malaysia-China Business Council and the Asia Business Council. He was the Chairman of the then Tourist Development Corporation (now known as the Malaysia Tourism Promotion Board), Vice Chairman of Malayan Banking Berhad (Maybank), a trustee of the National Welfare Foundation and sat on the Boards of SCMP Group Limited (South China Morning Post) and The Bank of East Asia Limited, Hong Kong. He was conferred an Honorary Doctor of Letters by the Curtin University of Technology, Perth, Australia in 1993, Honorary Doctor of Law by Northwest University, Kirkland, Seattle, USA in 2000 and Doctor of Philosophy in Business Management (Honoris Causa) by UCSI University, Malaysia in 2011. In 1985, he was awarded the Manager of the Year by the Harvard Business School Alumni Club of Malaysia and he was also honoured with the Entrepreneur of the Year Award by the Asian Institute of Management Graduates’ Association of Malaysia and the Association of Banks, Malaysia. In 2012, he was awarded the Lifetime Achievement Award for ‘Leadership in Global Business’ by the Asian Strategy & Leadership Institute at the World Chinese Economic Forum. In 2013, he was awarded the Lifetime Achievement Award for entrepreneurship by Enterprise Asia and the BrandLaureate Premier Brand ICON Leadership Award. Also in 2013, he was conferred a medal by the United States Commission on International Religious Freedom, a Commission established by the United States Congress. In February 2015, he was awarded Chairman of the Year by the BrandLaureate Brand Leadership Awards 2014-2015. He is a deemed substantial shareholder of MUI Properties Berhad. He is the father of Mr Andrew Khoo Boo Yeow, the Chief Executive Officer and Executive Director of MUI Properties Berhad. He attended all the four (4) Board Meetings held during the financial year ended 30 June 2018.

APPOINTED JAN 2018.... JUST THE BEGINNING

Mr Andrew Khoo Boo Yeow Age 46. Male. Australian. Chief Executive Officer and Executive Director. He was appointed to the Board on 1 January 2018. He is currently also the Chief Executive Officer and Executive Director of Malayan United Industries Berhad, an Executive Director of Pan Malaysia Corporation Berhad and Network Foods International Ltd, and a Director of Metrojaya Berhad, West Synergy Sdn Bhd, Laura Ashley Holdings plc, Laura Ashley Inc., Laura Ashley (North America) Inc., Regent Corporation, Corus Hotels Limited and Federal International (2000) Ltd. He is a Barrister-at-law from Lincolns Inn, United Kingdom and also holds a Degree in Law and Master of Arts from Cambridge University, United Kingdom and Master of Business Administration from Seattle Pacific University, United States of America as well as Bachelor of Arts majoring in Political Science and minoring in Economics from the University of Victoria, Canada. He has also held senior management positions in a number of diverse industries including food, retailing, and the hospitality sector. He is the son of Tan Sri Dato’ Khoo Kay Peng, the Executive Chairman of MUI Properties Berhad. He attended all the two (2) Board Meetings held since his appointment as Director.

Board of Directors
Tan Sri Dato’ Khoo Kay Peng, P.S.M., D.P.M.J., K.M.N., J.P., HonD Litt, Hon LLD, Hon Ph.D, Executive Chairman Mr Andrew Khoo Boo Yeow, Chief Executive Officer & Executive Director Datuk Christopher Martin Boyd, Independent Non-Executive Director Abdul Rashid bin Ismail, Independent Non-Executive Director Tan Sri Dato’ Dr Yeoh Oon Kheng, Independent Non-Executive Director Datin Ngiam Pick Ngoh, Independent Non-Executive Director

Annual report 2018: The Ordinary Resolution proposed under item 11, if passed, will empower the Directors of the Company to purchase MUI Properties Berhad shares through Bursa Securities up to ten per centum (10%) of the issued and paid-up share capital of the Company.

Other Investments 2018 2017 RM’000 RM’000 The Group Non-current Quoted shares: - Malaysia 1,191 1,509 - Overseas 8 13 1,199 1,522 Unquoted shares in Malaysia 3 3 Unquoted shares in overseas At 1 July 72,960 67,000 Exchange difference (6,859) 5,960 At 30 June 66,101 72,960 Carrying amount at 30 June 67,303 74,485 Current Convertible bonds in overseas 45 50
The overseas investments in unquoted shares of the Group represent investments in redeemable preference shares (“RPS”) of an associate of the ultimate holding company. The redemption of the unquoted shares shall be upon application by the holders thereof and at a price equal to the original subscription price paid plus an amount equal to the share of the investee company's surplus assets at the time of redemption on a pari passu basis with other classes of stock based on the price paid for these stocks respectively.

The details of the subsidiaries are as follows:- Principal Place Percentage of Issued of Business Shared Capital /Country of Held by Parent Name of Subsidiaries Incorporation 2018 2017 Principal Activities # Appreplex (M) Sdn Bhd Malaysia 100% 100% Investment holding. # Bahtera Muhibbah Sdn Malaysia 100% 100% Investment holding. Bhd # C.S. Investments Private Singapore 100% 100% Investment holding. ¥ Limited # Cesuco Trading Limited Hong Kong 100% 100% Investment holding. # CSB Holdings Sdn Bhd Malaysia 100% 100% Property investment. # CSB Sdn Bhd Malaysia 100% 100% Investment holding. # Dirnavy Pty Limited Australia 100% 100% Inactive. # Elegantplex (M) Malaysia 100% 100% Investment holding. Sdn Bhd Principal Place Percentage of Issued of Business Shared Capital /Country of Held by Parent Name of Subsidiaries Incorporation 2018 2017 Principal Activities # Heritage Challenger (M) Malaysia 100% 100% Investment holding. Sdn Bhd # Indanas Sdn Bhd Malaysia 100% 100% Investment holding. # Integrated Mark (M) Sdn Malaysia 100% 100% Investment holding. Bhd # Intercontinental Malaysia 100% 100% Investment holding. @ Properties Sdn Bhd # Lambaian Maju Sdn Bhd Malaysia 100% 100% Investment holding. # Lunula Pty Limited Australia 100% 100% Property investment. # Malayan United Realty Malaysia 100% 100% Property investment Sdn Bhd and investment holding # Mecomas Pty Limited Australia 100% 100% Inactive. # Ming Court Hotel Canada 100% 100% Investment holding. (Vancouver) Ltd # MUI Australia Pty Ltd Australia 100% 100% Investment holding. # MUI Carolina United 100% 100% Property investment Corporation States and development of America # MUI Investments Canada 100% 100% Investment holding. (Canada) Ltd # MUI Plaza Sdn Bhd Malaysia 100% 100% Investment holding. # MUI Property Services Malaysia 100% 100% Property services. Sdn Bhd # Peristal Enterprise Malaysia 100% 100% Investment holding. Sdn Bhd # Portico Sdn Bhd Malaysia 100% 100% Property development. # Prescada Sdn Bhd Malaysia 100% 100% Investment holding. # Superex Sdn Bhd Malaysia 100% 100% Inactive. # Unique Octagon Malaysia 100% 100% Investment holding. Sdn Bhd West Synergy Sdn Bhd Malaysia 60% 60% Property investment and development.

Maybe, the company can declare share dividend for 2019.

23,145,300 treasury shares retained by the Company as per Record of Depositors.

based on the 2018 annual report, 30 top shareholders hold 86.63% ... very thin float.... easier for privatisation or moving up

List of Thirty (30) Largest Securities Account Holders Name No. of Shares %#
1. Marco Polo Trading Sdn Bhd 196,990,789 26.59 2. Malayan United Industries Berhad 173,984,872 23.48 3. United Review (M) Sdn Bhd 45,010,000 6.07 4. Regal Classic Sdn Bhd 39,027,000 5.27 5. Ample Line Sdn Bhd 36,411,000 4.91 6. Continental Capitals Sdn Bhd 32,800,000 4.43 7. CIMSEC Nominees (Tempatan) Sdn Bhd 14,000,000 1.89 - CIMB Bank for Chan Sow Keng 8. UOB Kay Hian Nominees (Tempatan) Sdn Bhd 12,888,000 1.74 - For UOB Kay Hian Pte Ltd 9. Citigroup Nominees (Tempatan) Sdn Bhd 11,668,500 1.57 - For OCBC Securities Private Limited 10. PM Nominees (Tempatan) Sdn Bhd 11,200,000 1.51 - PCB Asset Management Sdn Bhd for Millionmart Sdn Bhd 11. Jomuda Sdn Bhd 10,000,000 1.35 12. CIMB Group Nominees (Tempatan) Sdn Bhd 8,000,000 1.08 - CIMB Commerce Trustee Berhad for Hong Leong Strategic Opportunity Fund II 13. Lee Cheng Wah 6,827,400 0.92 14. Carulli Holdings Sdn Bhd 5,189,000 0.70 15. Affin Hwang Nominees (Tempatan) Sdn Bhd 3,700,000 0.50 - Securities Account for Oon Hooi Lin 16. Zulkifli Bin Hussain 3,629,900 0.49 17. Maybank Securities Nominees (Tempatan) Sdn Bhd 3,455,900 0.47 - Securities Account for Yu Kuan Huat
18. Maybank Nominees (Tempatan) Sdn Bhd 3,296,500 0.44 - Securities Account for Irama Gigih Sdn Bhd 19. Maybank Securities Nominees (Tempatan) Sdn Bhd 3,187,500 0.43 3 - Securities Account for Tan Kooi Ming @ Tam Kooi Ming 20. UOB Kay Hian Nominees (Asing) Sdn Bhd 3,132,430 0.42 - For UOB Kay Hian Pte Ltd 21. Maybank Nominees (Tempatan) Sdn Bhd 3,100,000 0.42 - Securities Account for Yu Kuan Huat 22. Citigroup Nominees (Asing) Sdn Bhd 2,534,964 0.34 - For OCBC Securities Private Limited 23. Lim Kian Huat 2,000,000 0.27 24. Kenanga Nominees (Tempatan) Sdn Bhd 1,967,300 0.27 - Securities Account for Chin Kiam Hsung 25. Zainab Bt Abdul Razak 1,544,000 0.21 26. AMSEC Nominees (Tempatan) Sdn Bhd 1,397,700 0.19 Securities Account – AmBank (M) Berhad for Yu Kuan Huat 27. Teo Kwee Hock 1,330,100 0.18 28. Maybank Securities Nominees (Tempatan) Sdn Bhd 1,244,800 0.17 - Securities Account for Ho Swee Ming 29. Chin Kian Fong 1,190,900 0.16 30. Public Invest Nominees (Tempatan) Sdn Bhd 1,150,200 0.16 - Securities Account for Lee Kai Lum Total 641,858,755 86.63 Note:- # Based on the issued and paid-up share capital of the Company comprising 764,059,896 ordinary shares and after deduction of 23,145,300 treasury shares retained by the Company as per Record of Depositors.

in june pula, off market price was 26sen.... above 20sen soon...hold your breath

14/06/2019 00:00:00 0.2600 0.0300 12.600m 39.460m 3.276m 10.260m 0.2600 1.6491 -
14/06/2019 00:00:00 0.2600 0.0300 13.850m 39.460m 3.601m 10.260m 0.2600 1.8127 -
14/06/2019 00:00:00 0.2600 0.0300 7.542m 39.460m 1.961m 10.260m 0.2600 0.9871 -
14/06/2019 00:00:00 0.2600 0.0300 1.638m 39.460m 425,854 10.260m 0.2600 0.2144

just last month, off market deal traded at 24 sen per share

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
20/08/2019 00:00:00 0.2400 0.0500 6.200m 6.200m 1.488m 1.488m 0.2400 0.8115 -
15/08/2019 00:00:00 0.2400 0.0250 19.900m 19.900m 4.776m 4.776m 0.2400 2.6045 -

17sen now only hm

muiprop is in good hand, under the leadership of a cambridge educated lawyer with MBA, etc etc tak kan valued at such ciplak low price.... hahaha

parent company of muiprop could be buying also like bjcorp sapu bjland shares from the open market

maybe, institutional funds or maybe share buyback by company or maybe pre-privatization buying from the open market, etc etc

started rising now

net cash per share is much higher than current share price....

in fact, mui prop is the jewel of MUI Group... cash rich, very liquid.... current assets few times more than current liabilities

cash & cash equivalents close to RM70mil, retained profits more than RM100mil, can declare dividend anytime also

andrew with these kinds of qualifications, etc should be able to draw institutional funds to invest in the company too, also, muiprop is a halal stock haha

MUI PROPERTIES BERHAD

Date of change 26 Apr 2019
Name MR ANDREW KHOO BOO YEOW
Age 46
Gender Male
Nationality Australia
Type of change Redesignation
Previous Position Chief Executive Officer
New Position Executive Chairman
Directorate Executive
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Professional Qualification
Barrister-At-Law
Lincolns Inn, United Kingdom.
2
Masters
Master of Business Administration
Seattle Pacific University, United States of America.
3
Masters
Master of Arts
Cambridge University, United Kingdom.
4
Degree
Bachelor of Arts, Major in Political Science
University of Victoria, Canada.
5
Degree
Degree in Law
Cambridge University, United Kingdom.
6
Diploma
AHMA Hotel Diploma, Major in Sales & Marketing
London Hotel School, United Kingdom

andrew, the new leader of the company perlu jaga face, etc... surely wont let the share price so low... he should have many associates, networks, etc to invite them to invest in the company or even the company private. prove to us that u r really capable graduated from cambridge univ with a law degree haha

it would rebound stronger very soon. fingers crossed

may calvin's wish be realised soon :)

09-Apr-2019 ECRL PASSING SEREMBAN: WHY MUI PROPERTY (3913) WILL GO UP BY 100% TO 200%, Calvin Tan Research

Privatization is real and coming?. :)

MUI Properties Bhd saw 39.46 million shares or a 5.3% stake change hands in five direct deals for RM10.26 million in total on June 14. The transacted price of 26 sen was at a premium to the 22.5 sen to 23.5 sen apiece the stock fetched on the open market that day. The parties involved in the deals were unknown at the time of writing.

Tan Sri Khoo Kay Peng — who in April passed the executive chairman’s post he had held since 1979 to his son and former CEO Andrew Khoo Boo Yeow — controls 74.3% of the company through Malayan United Industries Bhd and other private vehicles.

Closing at 22 sen last Wednesday, MUI Properties’ share price was down 0.5 sen or 2.2% year to date.

Muiprop with its connection in Hong Kong should market its properties aggressively there in view of the situation there, opportunity is plenty for property players.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MUI PROPERTIES BERHAD

Particulars of substantial Securities Holder
Name CHERUBIM INVESTMENT (HK) LIMITED
Address ROOM 702, 7/F
FU FAI COMMERCIAL CENTRE
27 HILLIER STREET
SHEUNG WAN
Hong Kong.
Company No. 303711
Nationality/Country of incorporation Hong Kong
Descriptions (Class) ORDINARY SHARE
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 25 Apr 2019
11,200,000
Disposed Deemed Interest
Name of registered holder PM NOMINEES (TEMPATAN) SDN BHD - PCB ASSET MANAGEMENT SDN BHD FOR MILLIONMART SDN BHD
Address of registered holder UNIT 3, 191 JALAN AMPANG 50450 KUALA LUMPUR
Description of "Others" Type of Transaction
2 25 Apr 2019
11,200,000
Acquired Deemed Interest
Name of registered holder JOMUDA SDN BHD
Address of registered holder UNIT 3, 191 JALAN AMPANG 50450 KUALA LUMPUR
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred DEEMED INTEREST BY VIRTUE OF SECTION 8 OF THE COMPANIES ACT, 2016
Nature of interest Deemed Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units) 550,612,661
Indirect/deemed interest (%) 74.315
Total no of securities after change 550,612,661
Date of notice 25 Apr 2019
Date notice received by Listed Issuer 25 Apr 2019


Remarks :
1. The total of deemed interest is remain unchanged.

2. The Company received from Cherubim Investment (HK) Limited the notice dated 25 April 2019 on disclosure of interest of substantial shareholder pursuant to Section 138 of the Companies Act, 2016 on 25 April 2019.

Announcement Info
Company Name MUI PROPERTIES BERHAD
Stock Name MUIPROP
Date Announced 25 Apr 2019
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-23042019-00018

if you deduct all current liabilities from all current assets, u will get cash per share higher than its current market price per share now haha

muiprop should start paying dividend about RM68mil+ cash & cash equivalents @30 June 2019 & retained profits more than RM100mil +

04-Jun-2012 11-Jul-2012 DIVIDEND Final Dividend 5% Dividend Detail
24-Feb-2010 17-Mar-2010 DIVIDEND Interim Dividend RM 0.01 Dividend Detail
27-Feb-2008 23-Apr-2008 DIVIDEND Interim Dividend RM 0.006 Dividend Detail
23-Nov-2004 08-Dec-2004 DIVIDEND Special Dividend RM 0.01 Dividend Detail
27-Feb-2004 22-Apr-2004 DIVIDEND Interim Dividend 1.5% Dividend Detail
28-Feb-2003 23-Apr-2003 DIVIDEND Interim Dividend 1.5% Dividend Detail
26-Feb-2002 01-Apr-2002 DIVIDEND Interim Dividend 5% Dividend Detail
28-Feb-2001 30-Mar-2001 DIVIDEND Interim Dividend 5% Dividend Detail
02-Mar-2000 04-Apr-2000 DIVIDEND Interim Dividend 3% Dividend Detail

a different company under different leadership

Steering MUI group out of the doldrums
TheEdge Mon, Dec 31, 2018 05:00pm - 8 months ago


FOR younger investors who started buying equities a decade ago or later, MUI group could be an unfamiliar name. After its glory days of the 1980s and 1990s, MUI group dropped off the radar screens.

Its four Bursa Malaysia-listed entities — Malayan United Industries Bhd (MUI), MUI Properties Bhd, Pan Malaysia Corp Bhd and Pan Malaysia Holdings Bhd — are currently trading at below 30 sen per share. Its UK-listed fashion and houseware brand, Laura Ashley Holdings plc, has been on a downward trend as well, with the counter falling from its peak of £29.75 to a 15-year low of £3.75 last Thursday. Of the five units, only MUI Properties is profitable.

About four years ago, rumour was rife that the founder and controlling shareholder Tan Sri Khoo Kay Peng, who has been out of the corporate limelight for a long time, was planning to restructure and revamp the group. At the time, asset stripping was said to be the strategy to unlock the hidden value of the group, which owns hotels, department stores and a securities firm among others.

True enough, it turned out to be speculation and nothing much happened.

Now, Kay Peng, 80, has tasked his second son, 46-year-old Andrew Khoo Boo Yeow, with steering the MUI group out of the doldrums. And this time, a concrete plan has been outlined to make the MUI group relevant again for the investing fraternity and consumers.

Andrew sees his immediate task as strengthening the foundations and putting the flagship MUI and the other companies in the group on a firm footing and then growing the businesses.

Under his stewardship, the group is undergoing a restructuring to make it a more lean and understandable structure. In the process, dormant companies are being shut down.

“One-third of the restructuring is completed. I want MUI to have no more than two listed companies in Malaysia. I want to bring as many of our assets as possible into MUI as part of the restructuring process. We should be able to complete it in two years.

“Ultimately, it is about unlocking value for our stakeholders. That is partly why we are doing this,” Andrew tells The Edge.

The group is open to asset disposals. In fact, it has already started down the divestment trail. Andrew says he is not that attached to the assets, but he stresses that disposals must take place at the right time and at the right price.

Its prime assets include the Corus Hotel in Jalan Ampang, Kuala Lumpur, and Corus Hotel Hyde Park in London.

Given its net tangible assets per share of 17 sen as at Sept 30, the group’s total net assets work out to RM527 million — which those who know the list of its assets would say does not reflect the true value. Corus Hotel Kuala Lumpur alone was reported to be valued at about RM310 million last year.

MUI’s market capitalisation was RM484 million based on last Friday’s close of 16.5 sen per share.

However, MUI has no intention of revaluing the assets, although this could give an instant boost to earnings with a hefty revaluation gain.

Asset disposals have helped the group pare down its losses. Its net loss for the financial year ended June 30 (FY2018), more than halved to RM56.08 million year on year after it sold three hotels.

“Right now we are still loss-making, although we have reduced our losses substantially. In the next one to two years, we hope to break even or enter positive territory.

“If our business development ventures bear fruit, we can propel our revenue forward. I would like to see MUI as a lifestyle company. We own brands, we know how to activate a brand — it is a lifestyle-driven business proposition,” Andrew says.

And that would be one proposition investors will continue to evaluate.


Making Metrojaya great again

Andrew’s vision for MUI, especially for its retail, property and hotel businesses, has been widely reported in the press this year, including his plans to bring a lifestyle concept to the group’s businesses.

His plans for MUI’s best known business venture — Metrojaya department stores — come at a tough time for the domestic retail sector. Indeed, MUI acknowledges this in its 2018 annual report. It says Metrojaya faces challenging retail conditions with increased competition from traditional retailers and online shopping portals, against a backdrop of uncertain consumer sentiment.

Andrew agrees that department stores as they stand today are becoming outdated and, hence, changes are needed.

“Department stores will have a dim future if we don’t make changes. We need to be open-minded and aggressive in changing the dynamics of the business. If this works, it could be a beacon of light for department stores in the future, but only time will tell,” he says.

“I am not ready to give up on the idea yet, but department stores as we know them must change. It could mean a reduced footprint ... smaller stores.”

it will rebound... be patient

Quick take: MUI Properties up 17% in active trade
TheStar Tue, Apr 09, 2019 10:30am - 5 months ago



KUALA LUMPUR: Shares in MUI Properties Bhd gained more than 17% in early trade Tuesday.


The counter jumped 17.07%, or 3.5 sen to 24 sen with 13.81 million shares done. It has fallen some 11.32% in the past one year.



The company has not made any corporate announcements recently.


For the first six months ended Dec 31, 2018, MUI Properties posted a net profit of RM5.6mil against RM336,000 in the same period a year ago.


Its revenue for the period stood at RM27.7mil, up 124% from RM12.37mil a year previously.


Last December, Tan Sri Khoo Kay Peng, announced his retirement as executive chairman of Malayan United Industries Bhd (MUI) after four decades at its helm.


Concurrently, his eldest son Andrew Khoo Boo Yeow, 46, has been appointed by the MUI board as its executive chairman after assuming the role of group chief executive officer from Jan 1, 2018.

RSI(14) Neutral 32.7
Stochastic(14) Oversold 0.0
Average Volume 1,624,600
Relative Volume 0.4

interesting time :)

Changes in Shareholdings

MUI PROPERTIES BERHAD
No Announcement Date Title
1 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SOO LAY HOLDINGS SDN BHD
2 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MALAYAN UNITED INDUSTRIES BERHAD
3 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - NORCROSS LIMITED
4 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' KHOO KAY PENG
5 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - CHERUBIM INVESTMENT (HK) LIMITED
6 25 Apr 2019 Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KKP HOLDINGS SDN BHD
7 25 Apr 2019 Changes in Director's Interest (Section 219 of CA 2016) - TAN SRI DATO' KHOO KAY PENG

MUI prop is under a Cambridge univ trained lawyer, andrew.... corporate governance will be much better in the coming years

ECRL boosted its property value.... HSR another boost next year haha

direct deal ... buy quick3 haha


History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
20/08/2019 00:00:00 0.2400 0.0500 6.200m 6.200m 1.488m 1.488m 0.2400 0.8115 -
15/08/2019 00:00:00 0.2400 0.0250 19.900m 19.900m 4.776m 4.776m 0.2400 2.6045 -
19/07/2019 00:00:00 0.1900 -0.0150 2.100m 4.600m 399,000 874,000 0.1900 0.2748 -
19/07/2019 00:00:00 0.1900 -0.0150 2.500m 4.600m 475,000 874,000 0.1900 0.3272 -
18/07/2019 00:00:00 0.1900 -0.0150 9.200m 9.200m 1.748m 1.748m 0.1900 1.2041 -
15/07/2019 00:00:00 0.1900 -0.0150 6.100m 6.100m 1.159m 1.159m 0.1900 0.7984 -
14/06/2019 00:00:00 0.2600 0.0300 12.600m 39.460m 3.276m 10.260m 0.2600 1.6491 -
14/06/2019 00:00:00 0.2600 0.0300 13.850m 39.460m 3.601m 10.260m 0.2600 1.8127 -
14/06/2019 00:00:00 0.2600 0.0300 7.542m 39.460m 1.961m 10.260m 0.2600 0.9871 -
14/06/2019 00:00:00 0.2600 0.0300 1.638m 39.460m 425,854 10.260m 0.2600 0.2144 -
14/06/2019 00:00:00 0.2600 0.0300 3.830m 39.460m 995,800 10.260m 0.2600 0.5013 -
29/04/2019 00:00:00 0.2050 - 11.600m 11.600m 2.378m 2.378m 0.2050 1.5182 -
25/04/2019 00:00:00 0.2250 0.0200 50,000 50,000 11,250 11,250 0.2250 0.0065 -
24/04/2019 00:00:00 0.2000 -0.0100 11.200m 11.200m 2.240m 2.240m 0.2000 1.4659 -
04/01/2019 00:00:00 0.2500 0.0250 12.700m 16.504m 3.175m 4.126m 0.2500 1.6622 -
04/01/2019 00:00:00 0.2500 0.0250 104,100 16.504m 26,025 4.126m 0.2500 0.0136 -
04/01/2019 00:00:00 0.2500 0.0250 3.700m 16.504m 925,000 4.126m 0.2500 0.4843 -

In response to the increasing demand for affordable housing in the country, the Group targets to launch new
phases of double-storey terrace houses in the fourth quarter of 2019 and second quarter of 2020.
The Group has also initiated plans to optimise demand for its affordable landed residential properties. They
include building a clubhouse and upgrading existing streetscape and lake park. These initiatives will
enhance the lifestyle components of Bandar Springhill, making the development more attractive to home
buyers. Owing to this, the Group expects to show positive performance in the next financial year

Quarter Ended 30 June 2019 vs Quarter Ended 30 June 2018
Financial Year Ended 30 June 2019 vs Financial Year Ended 30 June 2018
MUI PROPERTIES BERHAD
Company No : 6113-W
(Incorporated in Malaysia)
QUARTER ENDED
For the current quarter under review, the Group recorded revenue of RM14.1 million and PBT of RM12.9
million compared with revenue of RM14.4 million and PBT of RM3.2 million in the previous year
corresponding quarter. Lower revenue for the current quarter ended 30 June 2019 was mainly due to
adoption of MFRS 15 whereby legal fees for sales of properties are to be deducted from the revenue.
Higher PBT recorded for the quarter ended 30 June 2019 was mainly due to the recognition of fair value
gain of RM9.3 million on investments.
CUMULATIVE 12 MONTHS
For the financial year ended 30 June 2019, the Group recorded revenue of RM57.5 million compared with
revenue of RM40.3 million in the previous financial year. Higher revenue for the financial year ended 30
June 2019 was mainly attributed to higher percentage of completion of works from Phase E7-2 as compared
to Phase E7-1 and E8 in Bandar Springhill in the previous financial year. Higher PBT of RM27.3 million
recorded for the financial year ended 30 June 2019 was mainly due to the said higher revenue recognition,
gain on disposal of investment properties of RM3.3 million and the recognition of fair value gain of RM9.3
million on investments

iN GOOD HAND...

MUI PROPERTIES BERHAD

Date of change 26 Apr 2019
Name MR ANDREW KHOO BOO YEOW
Age 46
Gender Male
Nationality Australia
Type of change Redesignation
Previous Position Chief Executive Officer
New Position Executive Chairman
Directorate Executive
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Professional Qualification
Barrister-At-Law
Lincolns Inn, United Kingdom.
2
Masters
Master of Business Administration
Seattle Pacific University, United States of America.
3
Masters
Master of Arts
Cambridge University, United Kingdom.
4
Degree
Bachelor of Arts, Major in Political Science
University of Victoria, Canada.
5
Degree
Degree in Law
Cambridge University, United Kingdom.
6
Diploma
AHMA Hotel Diploma, Major in Sales & Marketing
London Hotel School, United Kingdom

MORE PROFITS GENERATED

MUIPROP Quarter Report History
Date Financial
Year No. Financial
Quarter Revenue
(RM,000) PBT (RM,000) Net Profit
(RM,000) EPS (Cent) Dividend
(Cent) NTA
(RM) Download
Report
29 Aug 2019 30 Jun 2019 4 30 Jun 2019 14,103 12,909 10,404 1.40 0.00 0.367 Malaysia Stock - KLSE Quarter Report History 1149%
30 May 2019 30 Jun 2019 3 31 Mar 2019 15,658 3,325 1,068 0.14 0.00 0.353 Malaysia Stock - KLSE Quarter Report History 39%
12 Feb 2019 30 Jun 2019 2 31 Dec 2018 15,434 5,781 1,698 0.23 0.00 0.352 Malaysia Stock - KLSE Quarter Report History 474%
21 Nov 2018 30 Jun 2019 1 30 Sep 2018 12,279 5,263 3,422 0.46 0.00 0.354 Malaysia Stock - KLSE Quarter Report History 8455%

HALAL JUGA

Corporate Information
Website : Link
Corporate Name : MUI PROPERTIES BERHAD
Symbol & Code : MUIPROP (3913)
Board : MAIN
Shariah : Shariah Compliant Compliant
Sector : Property
Sub-Sector : Property