Posted by i4investor > 2017-04-11 22:07 | Report Abuse

pls push as high as possible...i need a chance to get out with big win after holding for so long

Posted by dusti > 2017-04-11 22:08 | Report Abuse

Very good analysis. Should do one for DRB on assumption that a strategic partner is found.

Posted by charlie chia > 2017-04-11 22:09 | Report Abuse

Calvin
I miss out MUI
But have PM Corp

Posted by calvintaneng > 2017-04-11 22:11 | Report Abuse

charlie chia Calvin
Is it correct that
PM Corp still have A lot of cash in hand right
Less paid up compare to MUI
Easier to push up
Further with solid business and property going on
11/04/2017 21:39

Yes, this is the difference between Pm Corp & Mui Bhd

1) Pm Corp has lots of CASH & INVESTMENTS But little debt. So it is very safe. Just like Opcom.

2) Mui Bhd on the surface has Huge Debt & also losses year after year. That's why Mr. Market is put off by ignorant & undue fear.

But if you know the actual Value of all Mui Bhd Assets & Businesses you will notice that Mui Bhd is totally oversold.

Posted by 3iii > 2017-04-11 22:54 |

Post removed.Why?

Posted by 3iii > 2017-04-11 23:05 |

Post removed.Why?

Posted by 3iii > 2017-04-11 23:05 | Report Abuse

Sell

Posted by calvintaneng > 2017-04-11 23:16 | Report Abuse

3iii 1. 2016 was another year of losses.
2. Profit margins negative
3 Return on capital employed negative
4. Inventories turn 2x (very low)
5. Days in account receivables 136 days
6. Days in account payables 189 days (suppliers ain't happy)
7. Cash 311 m Short term debt 202 m Long term debt 717 m NET DEBT 608 m
8. Equity 711 m Debt/Equity 0.86
9. Total EBIT from 2012 to 2016 = 192.1 m
10. Total Interest paid from 2012 to 2016 = 272.8 m
11. Interest cover (EBIT/Interest) is extremely low.
12. Free cash flows in recent years continue to be negative due to continuing relatively high capex relative to cash from operations.

Gruesome company indeed.

At 0.28 per share, its market cap is 557 m.
P/BV = 557 / 711 = 0.78


Present price is reflecting its gruesome value.
11/04/2017 22:54


Hahaha!

From Investlah to i3 Forum

Last time you valued Pm Corp at 14 cts

See after CASH payout of 8 sen do you value Pm Corp at 6 sen.

So by the same yardstick do you think that Pm Corp at 23 sen is overvalued?

One more thing, do you own any landed properties. Or are you just renting?

Do you know how to Calculate The Intrinsic Value of Mui Prop lands in Bandar Springhill. The CORUS HOTELS in UK, 2 CORUS HOTEL VALUE in Malaysia? 6 Acres Land in Australia?

Now take this test of 3 years

On September 20th 2013 Pm Corp was 15 sen today Pm Corp is 23 sen (plus 8 sen) cash payout Pm Corp is 31 cts. So Pm Corp has gone up by 106% in 3 years or 35.5% yearly for each of 3 years.

On September 20th 2013 Dutch Lady was Rm46.40. Today it is Rm56.62 or up 22% or 7% each year. Even if you add yearly dividend Pm Corp still beats Dutch Lady hands down

On September 20th 2013 Nestle was Rm67.8. Today it is Rm80.00 or up 12.2% or 4.06 yearly. Even if you include dividend Pm Corp still beats Nestle hands down.

This shows that you have misjudged value & performance by a wide margin.


Every one knows the price of a thing but not its value


Is Pm Corp making 35.5% yearly for 2014, 2015 & 2016 a gruesome company compared to less than 10% for both Dutch Lady & Nestle?

Let all Accountants, CFA, Auditors, Chief Auditor of Bank Negara come and calculate!

Facts and figures are all here!

Posted by davidkkw79 > 2017-04-11 23:19 | Report Abuse

Dow Jones start to falling now, London bridge is also falling.

Posted by John Lu > 2017-04-11 23:20 | Report Abuse

Calvintaneng talk so much but why still rank 214??

Posted by 3iii > 2017-04-11 23:31 | Report Abuse

Nestle and Dutch Lady rewarded its shareholders by a huge margin compared to MUI Ind and PM Corp over the long-term.

Posted by calvintaneng > 2017-04-11 23:32 |

Post removed.Why?

Posted by namaste > 2017-04-11 23:58 | Report Abuse

Generally, I don't have much interest in property counters so I am going to sit this one out. The one time that I followed your call was in Tmakmur last year. Yup, I made some! Good call...... and thank you!

Posted by Peppermint > 2017-04-12 00:20 | Report Abuse

Calvin awhile ago you highly recommend PARKSON. Is Parkson another hibernating giant waiting to wake up? As you mentioned earlier, Parkson has net assets that are worth billions.

Posted by calvintaneng > 2017-04-12 00:23 | Report Abuse

namaste Generally, I don't have much interest in property counters so I am going to sit this one out. The one time that I followed your call was in Tmakmur last year. Yup, I made some! Good call...... and thank you!
11/04/2017 23:58

Calvin is happy to hear that!

TMakmur was the highest dividend paying stock after Tasek Cement

Posted by Peppermint > 2017-04-12 00:24 | Report Abuse

Based on the latest quarterly result, Parkson are now a net cash company.

Posted by calvintaneng > 2017-04-12 00:29 | Report Abuse

Peppermint Calvin awhile ago you highly recommend PARKSON. Is Parkson another hibernating giant waiting to wake up? As you mentioned earlier, Parkson has net assets that are worth billions.
12/04/2017 00:20

Calvin thinks Parkson is also a Net Net stock.

Only problem is with William Cheng

He should just close off all Parkson Departmental Store type of business. With the advent of motor car horse drawn carriages became obsolete

So with the advent of ECommerce conventional type of business is going into the sunset. All the assets of Parkson cannot stem the losses in Departmental type of business which will suck dry the coffers.

UNLESS he change with the changing of the times.

So Parkson is good value in so far as its assets could be stripped, sold and cash given back to shareholders. Or else change its business strategy. If not just get out as the final resort.

Posted by calvintaneng > 2017-04-12 00:36 | Report Abuse

Peppermint Based on the latest quarterly result, Parkson are now a net cash company.
12/04/2017 00:24

If you are all shareholders go for AGM and demand that William stop his nonsense then there will be hope indeed!

The first 2 times I attended Pm Corp AGM were filled with strong opposition and unhappiness. Management gradually softened to the demands of shareholders and stemmed the draining of Pm Corp's wealth to loss making PMI and OTHERS.

And shareholders extracted a promise of Cash payout

So you all MUST BE PROACTIVE IN SHAREHOLDERS MEETING

My Johor Sifu dare to Bang Table (throw slippers) at the Directors when he attended Kseng AGM.

Posted by Peppermint > 2017-04-12 01:38 | Report Abuse

Thanks Calvin for your prompt reply, but based on Parkson latest quarterly report, Parkson has net cash of about 865mil compared to its present market cap of about 700mil which I find Parkson to be attractively undervalued.

Posted by calvintaneng > 2017-04-12 08:25 | Report Abuse

Mystery of MUI Solved!

MUI =

Multiple Streams of Businesses - Hotel, Retail, F&B, Travel & Tours & Stock Brokeriing

Universal expansion - UK Hotels, Europe Luara Ashley, Land Australia, Malaysia & USA, Spore

Infinite deep Value Assets


So MUI is

1) Multi
2) Universal
3) Infinite

Do you get it?

Posted by faizal > 2017-04-12 08:54 | Report Abuse

want believe calvintaneng or smartrader2020 !
https://klse.i3investor.com/blogs/tradingideas/120448.jsp

Posted by John Lu > 2017-04-12 11:05 | Report Abuse

Calvintaneng so desperate...Pump pump and dump dump...LOL...rank 214 sifu, u can trust this singaporean?

Posted by lextcs > 2017-04-13 10:07 | Report Abuse

mui grp is always the mkt jinx...when it comes the mkt kaput....believe it or not.

Posted by newbie2014 > 2017-04-13 20:42 | Report Abuse

Calvin may u share ideas on why this compny keep making losses almost every quarter by looking its rich asset n valuble businesses?

Posted by namaste > 2017-06-02 10:28 | Report Abuse

Okay, I am curious now. I collect a bit at 18.5 sen to see if the old man can still get it up. Dunno how long it will take to go up, but I can wait.