MPHBCAP land in Pengerang as per annual report classified as agricultural land , or to be exact, oil palm estate which same as most plantation company , book value at RM1 psft.
If outright sales , my guess will be 10 to 12 psft which will equal to about RM1 to RM1.50 per share

The ART system will focus on area surrounding JB. Phase 2 will extend to Pasir Gudang area.
Accessibility to Pengerang will be only through road and far away from JB and Singapore which limited the appreciation of land price in Pengerang unless government decided to build 2nd RTS connecting East Johor to Singapore.

https://www.freemalaysiatoday.com/category/nation/2024/05/14/johor-bahrus-elevated-art-to-have-32-stations/

The land in Penang not as strategic located.

Both land at Jalan Imbi and Flamingo by the lake at Jalan Ampang very valuable

Plenty of opportunity in Johor through the JB-Singapore Special economy zone. Just matter will management take any action to unlock the value of the asset

What I observed was that someone was accumulating. Clean up 1.20. Now moving towards 1.30

I hardly look at this stock as very boring.

I patiently waiting for the day management make an announcement that material to the stock price. Might be to morrow , might be this year or might be forever..

I continue increasing my holding. This year added 100,000+ shares to my portfolio.

EC yet to finalise the term and condition for exporting solar power. Due to carbon credit , Singapore need green energy.

The land Paragon Globe sold was located at Ulu Tiram , about 20 minutes drive from Johor Baru City Center.
For Pengerang land , beside data center , solar plant might be another option. The land size just nice for 500MW capacity which open tender under LSS5. Adjacent to Singapore will be an advantage.

@Alfl3 assume end of financial year in August 2023. Pay out Sept 2023

The management is slowly clearing up the seller in the market. I just holding on with my stock with expectation of min 5 sen per share dividend for reinvestment

For a company with net cash and equivalent of about RM1.50 per share , buyback share below 1.50 will always be a good bargain.

Seem like almost clearing all the selling below RM1 and buyback moving into 1 to 1.05 region

Dividend announcement will be during QR by end of Feb. I'm expecting 3.5 to 4 sen of dividend. Full year 8 to 9 sen

looking good and hopefully the momentum from the Share Buy Back continue .

Not Mulpha ?

With the volume accumulated daily , still long way to go to get to 10%

A good move by the management to perform share buyback. Hopefully can continue to clear up the weak holder in the market and pave the way for strong rebound when market sentiment turn positive in the future.

I glance through the balance sheet of both FACBIND and Eksons. Both assets mainly in cash or quoted investment and smaller portion in land for development which reflected the value. To push the stock price to next level , management need to use the cash to venture into new business or pump up their property business to improve the performance.
MPHBCAP beside the huge cash pile , the under value land will be an advantage. The stock price will much depends on how the management unlock the value.
Among 3 , I will go for MPHBCAP with higher upside surprise

Mainly in cash and short term investment worth slightly above 1B and undervalue asset.
If continue absorb share through share buy back , the share price will go up

Still too early to conclude post insurance disposal performance of the company. Worth to hold on and monitor for another 6 to 12 months. The share buy back from the management very encouraging.

I have a portfolio of 10 to 20 counters in hand. MPHBCAP is one of the stocks. Switching within the stocks using TA.

I yet to buy any using the capital repayment proceed. Only hold on with my shares accumulated so far.

Kind of encouraging to read the news of share buy back today.

Money in the account. Take short term opportunity on other stock before coming back to MPHBCAP

16th Nov or 17th Nov should be in the bank.

Waiting for money from capital repayment to action next week. While waiting , hybernate 1st

#1 BPlant
#2 YTLREIT

After receive the capital repayment , can reinvest either into stock # 1 , stock # 2 or MPHBCAP.

I was lucky to switch over 2 stocks since May 2022 to MPHBCAP.
1st stock today at -40% and 2nd stock at -9% while MPHBCAP at +8% based on today closing price.

Market in negative sentiment. No catalysts at all. Stock price npt going down consider very lucky already. Just imagine if sold away MPHBCAP few months ago and switched to other stocks , what will be the delta now ?

30sen , 45 sen or 90 sen it doesn't matter to me. As long as I put my money in cash rich companies that continue to pay dividend , I will be able to accumulate along the way. Couple with the cash pile sitting in bank waiting to take advantage of any margin call incident , once the market rebound , will be hefty return.

If below 0.90 , capital repayment all in for MPHBCAP. Grab few hundred K of MPHBCAP.

As of now , should be 1.44 - 0.4 = 1.04

Good luck everyone. After capital repayment , stock price will strongly depends on show time from the majorshareholder and management

*cash

The stock price need to adjust down by 40 sen during ex date to reflect the capital repayment of 40 sen. At RM1.03 , will be a bargain as the case per share by it self already RM1 and yet to factor in the huge value of the land.

Approval granted

This announcement is dated 5 October 2022.



Reference is made to the Company's announcements dated 18 May 2022, 20 May 2022, 27 July 2022, 29 July 2022, 19 August 2022 and 30 August 2022 (collectively "Earlier Announcements") and the circular to the shareholders of MPHB in relation to the Proposals dated 28 June 2022 (“Circular”).



Unless otherwise defined, all defined terms used in this announcement shall carry the same meanings as defined in the Earlier Announcements and Circular.



As advised by the Company’s solicitors and on behalf of the Board, AmInvestment Bank wishes to announce that the High Court had on 5 October 2022 granted the order confirming the Proposed Capital Reduction and Repayment. The sealed order will be extracted and an office copy of the order will be lodged with the Registrar of Companies for the Proposed Capital Reduction and Repayment to take effect pursuant to Section 116(6) of the Act.



The effective date of the Proposed Capital Reduction and Repayment will be announced in due course.

Goh123. No longer under the strict rules of BNM.

Good Luck everyone , stay cool.

My view. Simple calculation.
SU will receive about 13MM of dividend. If he can increase his hokding by 8MM to 9MM shares , will get to 270+MM shares.
He will receive about RM110MM from capital repayment. If he can up his holding to above 350MM , with only 365MM in floatation , then above RM2 offer for privatation highly possible with MPHBCAP cash in hand. He will able to take the company private without any fund from his own pocket

Good sign.

22nd and 23rd Sept added up more than 100k shares. About 80% of the shares transacted.

It will be a tussle between the majorshareholder and minority shareholders. Depends who more eager. If minority holding firm , Surin will need to raise the price to increase the holding.

NA should be 2.20. Just be patient. Wait for the majorshareholder to play their game

Casi Management updated Bursa of 32,700 shares purchased on 21st Sept. On 21st Sept , 38700 shares transacted , closed at 1.43. Let's see any further announcement of share purchase in next few days.