Posted by sklyte > 2014-06-26 15:02 | Report Abuse

calvin, this leisure farm is 1750 acres, who owns the rest ya??

Posted by calvintaneng > 2014-06-26 17:02 | Report Abuse

Sklyte,

Sorry for not replying earlier. I am renovating 3 houses concurrently in Booming Iskandar today.

LEISURE FARM Is Fully Owned by MULPHA. The Only Place in Iskandar you can buy One Acre Plot in one go. It is equivalent to Good Class Bungalows in Singapore. Unlike Spore Prices Here Are Going For Peanuts. No Longer Now as people are aware of Such Unbelievable Bargains.

You Can't Get These Prices Anywhere Else In The World with Proximity to Super City Like Singapore. And Mulpha Share Prices Are Going For A Song too.

Buy all Mulpha Shares you can afford.

Posted by yuanlong57 > 2014-06-26 17:55 | Report Abuse

sklyte: the rest 2/3 of 1750 acres, being developed as residential units or sold off by individual lots. Remaining 242.8ha are for slow, steady development.(according to Mulpha Executive Chairman, Mr Lee Seng Huang)
For further details, read the link under:
MULPHA INTERNATIONAL ["Crouching Tiger, Hidden Dragon"] Series 3
Mulpha's Art Of Business:
Mulpha Does It Slow and Steady - Focus Is On Smaller Projects With High Yields Rather Than For The Mass Market
By Joseph Wong, Focus Malaysia, May 24-30, 2014, pg 32-33
https://drive.google.com/file/d/0B4bbwucqpGkAbElKN2pudTJTQ1k/edit?usp=sharing

Posted by calvintaneng > 2014-06-26 18:19 | Report Abuse

To All Here,

There are two announcements here today

1) All resolutions passed in AGM

2) Sale to 2 Pieces of Lands Are To Aveo (Unrelated Party Dealings). So there is a gain for Mulpha. Could somebody calculate the gain from disposal & post here? Thank you.

Posted by Orson Chin > 2014-06-26 19:19 | Report Abuse

Special dividend annoused when sold two land ?

Posted by AyamTua > 2014-06-26 19:22 | Report Abuse

rock solid fundamental high NTA $1.00 !

Posted by yuanlong57 > 2014-06-26 20:11 | Report Abuse

thanks for update, Calvin.

Posted by yuanlong57 > 2014-06-26 20:35 | Report Abuse

To know more about Mulpha International:
http://www.bursamarketplace.com/index.php?ch=ch_content&pg=pg_cont_news&ac=10311

Posted by AyamTua > 2014-06-26 20:35 | Report Abuse

strong NTA etc etc... can't be wrong lah.. only takes time........ kikiki

Posted by jtpc2006 > 2014-06-27 13:41 | Report Abuse

Calvin, the recent lawsuit filed by Mulpha will drag down prices? Pls advise, thanks.

Posted by yuanlong57 > 2014-06-27 17:48 | Report Abuse

jtpc2006: you mean, this?

The Star, Business News

Published: Friday June 27, 2014 MYT 12:00:00 AM
Updated: Friday June 27, 2014 MYT 7:02:52 AM
Mulpha files suit against Stamford Corp


PETALING JAYA: Mulpha International Bhd has filed a suit against Stamford Corp Ltd in a bid to stop the Singapore company’s plan to convert the Sir Stamford Hotel in Sydney into a taller apartment block, according to The Australian newspaper.

The redevelopment plan will turn the Sir Stamford Hotel to a 19-storey tower, doubling its existing height and could affect the view from Mulpha’s properties.

Mulpha, through its unit Mulpha Australia Ltd, owns the InterContinental Sydney and adjoining Transport House, which is located behind the Sir Stamford Hotel.

Mulpha alleged that not only did the New State Wales Heritage Council misinterpret large sections of local planning controls, but also the City of Sydney did not forward all negative public submissions about the proposal to the Heritage Council.

According to the newspaper, planning controls call for a 35m-45m building overlooking the Botanic Gardens, with the tower set back by 10m.

Posted by calvintaneng > 2014-06-27 17:53 | Report Abuse

Jtpc2006,

This is a small matter about getting better view. The Real Gold Mine is The Unlocking of LEISURE FARM Land value by Multiple Access Interchanges.

Posted by yuanlong57 > 2014-06-27 18:18 | Report Abuse

Mulpha Board of Directors should have paid a visit to this forum!

They would be very glad to find out that this forum has done promoted great publicity and marketing for Mulpha.

Perhaps, Wayne Wong, Mulpha General Manager of Sales & Marketing is blushing in embarrassment now.

It is a good thing to notice that Mulpha "enthusiasts" are now sensitive to every bit and piece about Mulpha's development and well-being. Bravo to all!

Posted by venomv > 2014-06-27 21:08 | Report Abuse

Sale of two (2) pieces of land to AVEO Group for total amount of A$53.6Mil (or RM161Mil) expected to realise an aggregate gain/profit of A$16.8 Million. (approx. RM50 Mil).
Mulpha presents the classic oppurtunity of "picking up $1.00 notes" for only 40sen !!!

Posted by jtpc2006 > 2014-06-27 23:16 | Report Abuse

how come the latest financial results show Mulpha losing?

Posted by calvintaneng > 2014-06-28 09:16 | Report Abuse

Good Morning,

I got a good surprise upon further checking up on Mulpha's property in Sydney. Its building has a view of the Sydney Opera House - a Unesco World Heritage site. Definitely worth fighting for.

Jtpc,

Latest results show a loss because of a one off Hayman Island's resort recent cyclone in Jan 2014 & Foreign exchange losses. Hayman Island Resort will resume operation in July 2014.

The Next few quarter results will show:

1) RM32 Mil Disposal of 55 room Vietnam Hotel
2) RM161 Mil From Land Purchase By Aveo
3) Increasing Profitability from Leisure Farm Property Sales. This Will Accelerate By Leaps & Bounds When Interchanges To Plus Highway Are Ready.

So The Fundamental Is Turning Increasingly Positive for Mulpha.

Posted by yuanlong57 > 2014-06-28 10:18 | Report Abuse

Good appetizing news this morning, Thanks Calvin.

Mulpha sues, not being sued. Mulpha sues for a good reason. Mulpha sues to protect Mulpha's (investors) interest.

Better view fetches better value for Mulpha! Who would want the good view (fengshui) of own house to be blocked by a 19-storey building? (an eye-sore)

At the most, Mulpha spends some legal fees - under operational expenditure.

Posted by So You > 2014-06-28 16:16 | Report Abuse

Hi Calvin , appreciate if you could advise me . I brought gpacket at 0.525 n currently it's 0.355. Was thinking of switching it to mulpha instead of holding it at loss. What do u think? Many thanks!

Posted by AyamTua > 2014-06-29 02:16 | Report Abuse

top up into Mulpha! kiikikikiki

Posted by yuanlong57 > 2014-06-29 07:45 | Report Abuse

Mulpha selling HK-based Subsidiary

PETALING JAYA: Mulpha International Bhd (MIB) is disposing of its Hong Kong-based subsidiary, AF Investments Ltd (AFIL), to Lemongrass Master Fund I (LMF) for US$10mil (RM32mil). MIB told Bursa Malaysia yesterday it had entered into a share-purchase agreement with LMF and AFIL for the proposed disposal of its entire 100% equity interest in AFIL.

“AFIL holds 70% equity interest in Indochine Park Tower Joint Venture Co (IPT). As a result of the proposed disposal, AFIL and IPT will cease to be subsidiaries of MIB,” it said.

IPT, which is 70% owned by AFIL, is a company incorporated in Vietnam. It is the owner and operator of Indochine Park Tower, an 18-storey serviced residences building located in Ho Chi Minh City, which comprises 55 fully serviced three-bedroom apartments and penthouses ranging from 128 to 249 sq m each.

“The proposed disposal is expected to contribute positively to the earnings per share and net assets per share of the MIB group, and it has no effect on the share capital and substantial shareholders’ shareholdings of MIB.”

http://www.thestar.com.my/Business/Business-News/2014/05/20/Mulpha-selling-HKbased-subsidiary.aspx/

Posted by yuanlong57 > 2014-06-29 07:57 | Report Abuse

Mulpha Suit Against Stamford Land Singapore (The Edge Malaysia perspective)

http://www.theedgemalaysia.com/business-news/296394-mulpha-sues-spores-stamford-land-over-hotel-redevelopment.html#.U6uvNsESrjs.twitter

Posted by yuanlong57 > 2014-06-29 08:10 | Report Abuse

Mulpha Suit Stirs Interest (Yahoo View)

https://my.news.yahoo.com/mulpha-goes-court-over-tower-sydney-bernama-045856328.html?utm_source=twitterfeed&utm_medium=twitter

Posted by yuanlong57 > 2014-06-29 08:58 | Report Abuse

Stock Market Barometer

Published: Saturday June 28, 2014 MYT 12:00:00 AM
Updated: Saturday June 28, 2014 MYT 11:57:57 AM

Uneasy calm, BY ISABELLE LAI, The Star Online, Business News (Extracts)

STATISTICS don’t lie. The US stock market is hitting new highs, just like many other exchanges around the world. The volatility index, also known as the fear index, is at a low.

But somehow, it does not seem like the markets are poised for a bull run. Instead, fund managers generally agree that this is a period of “uneasy calm”.

Aberdeen Asset Management Sdn Bhd managing director Gerald Ambrose:

“The market is currently in an odd situation, where it doesn’t really feel like a bull market, but no one seems to be very bearish on it,” he tells StarBizWeek.

What has happened in recent months is the reallocation of assets from fixed income to equities or other asset classes, as fund managers wait for the cue from the US and other developed markets on its monetary policy.

There was a report that stated that even central banks around the world, holding some US$11 trillion (RM35 trillion) in fixed-income assets, are reallocating their resources in preparation of a higher interest rate environment.

The Malaysian market still seems to be heading in an upward direction.

“But it is becoming harder to find a stock at a valuation in which we believe could yield a big upside because they have all gone up so much,” he elaborates, adding that markets at the moment are generally over-valued.

☆☆☆ [Is Mulpha Stock Overvalued?]

Syed Muhammed Kifni says:
The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) is a case in point, noting that its price-to-earnings (PE) ratio is currently hovering around 16.9 times, which is more than the +1 standard deviation above its historic mean multiple.

Despite the market’s valuation being on the expensive side, he says investors who look into company-specific analyses may uncover good stocks at relatively undemanding valuations.

☆☆☆ [Is Mulpha Stock At Relatively Undemanding Valuations?]
☆☆☆ [Is Mulpha under Fund Managers' Stock Picks?]

For SUNDAY MUSINGS
☆ 1 Is Mulpha Stock Overvalued? NTA High or Low?
☆ 2 Is Mulpha Stock At Relatively Undemanding Valuations? (No-Eye-See)
☆ 3 Is Mulpha under Fund Managers' Stock Picks? Why not?

Posted by yuanlong57 > 2014-06-29 16:40 | Report Abuse

Mulpha Marketing Thrust For Leisure Farm Resort, Iskandar Malaysia

Advertorial by Mulpha in City and Country Section CC9, June 23, 2014, The Edge Malaysia.

Limited Release Of Freehold Bungalow Land for Tender (closing 8 Aug)

Kuala Lumpur Preview
Date : 28 June, 2014 (Saturday)
Time : 10 a.m. - 6 p.m.
Venue: Majestic 1 & 2, The Majestic Hotel Kuala Lumpur,
5, Jalan Hishamuddin, KL

Exclusive Agent: ZERIN PROPERTIES Tel: +603 2092 2008

URL: www.leisurefarm.com.my

Link 1 : https://drive.google.com/file/d/0B4bbwucqpGkAWEFuZEFDdjVqZmc/edit?usp=sharing

Link 2 : https://drive.google.com/file/d/0B4bbwucqpGkAbXEyZnVBczl3aWM/edit?usp=sharing

Posted by yuanlong57 > 2014-06-29 16:49 | Report Abuse

Can any forum kaki from Iskandar and KL regions provide frontline report on the public response? Thanks in advance.

Posted by AyamTua > 2014-06-29 18:23 | Report Abuse

#Mulpha - unlocking true potential!
a buy. trade at own risks.

Posted by calvintaneng > 2014-06-29 18:33 | Report Abuse

Yuanlong57
Wow I panoramic view of Leisure Farm is superb.

So You,

At this juncture I cannot say with certainty whether you should sell GPacket or keep. GPacket is hoping for a turnaround riding on partnership with Telekom. Since price has fallen so low it might rebound. If so then I suggest sell into strength.

As for Mulpha it is selling at a big discount to NTA. So I think I can sleep better holding Mulpha shares.

Posted by AyamTua > 2014-06-29 18:39 | Report Abuse

i slee better to keep all my worries away in mulpha!

Posted by beegiinner > 2014-06-30 11:26 | Report Abuse

Thanks calvin for the under value GEM.
Here is some additional future income from Aveo (AOG ASX)

Jun 19 14
Aveo Group announced that the estimated dividend/distribution for the year ending 30 June 2014 is $0.04 per stapled security. The record date for determining entitlement to the dividend/distribution is 30 June 2014 with payment of the dividend/distribution anticipated to be made on or around 30 September 2014.

$0.04 aud x 3 = rm 120 x 84,326,000 (26.22%) AOG share own by mulpha = RM 10 million.

Shares of Aveo Group (ASX:AOG) opened at 2.030 on Friday. Aveo Group has a 52-week low of A$1.050 and a 52-week high of A$2.390. The stock has a 50-day moving average of A$2.03 and a 200-day moving average of A$2.07.

Value of Aveo alone appreciate 250 million.

Pls correct if I'm wrong

Posted by jtpc2006 > 2014-06-30 12:21 | Report Abuse

price still same, after all the positive comments. Is it becos of the huge share spread?

Posted by calvintaneng > 2014-06-30 12:29 | Report Abuse

Jtpc2006,

Yes, that is one of the reasons. Mulpha has 2.13 Billion shares .
. Many who bought earlier are tired and want to cash out. Another reason is selling by Honest Opportunity fund This fund from HK is both buying & selling

But it won't be long before others are aware of Mulpha's changing fundamental.

Posted by dgtalkid > 2014-06-30 13:23 | Report Abuse

hi beegiinner, Mulpha has exactly 131,174,775 shares in Aveo after last years entitlement issue that the company fully subscribed to (Dec 2013). This brings Mulpha's share of the dividend to:
131,174,775 x 0.04 = AUD 5,246,991 @ x3 MYR 15.74 million.

Another significant changing point for this company is profitability. The past several years has seen the company's Australian operations as a huge drag on profitability due to the numerous non cash write downs that was conducted during the disposal of Aveo's property development portfolio. Good news is that the Australian operations have been restructured & is starting to bear fruit as we can see with this proposed dividend from Aveo. Expect more contributions from the Australian operations.

This coupled with the points raised by calvintaneng will quickly propel this counter in the near future, barring any unforeseen events. I would not be surprised if this counter starts paying out dividends in the next 1 - 2 years.

Posted by beegiinner > 2014-06-30 13:50 | Report Abuse

Thanks dgtalkid for latest info and sorry for my outdated info.

Posted by beegiinner > 2014-06-30 14:05 | Report Abuse

Thanks yuanlong57 for the latest information

Which means their reserved price for bungalow lot start at RM200 per sqft ? (8.7 million @ 1 ekar)

Can we find out how many ekar of Leasure farm land left for development ?

Posted by dgtalkid > 2014-06-30 15:08 | Report Abuse

as of 31 Dec 2013, the company was carrying 376.73 hectares of leisure farm land for rm369 million. This translates to 376.73 x 2.47 = 930 acres & change.@ approx rm9.10/sq ft.

So, there are still ample development land available in Leisure Farm & immense value to be unlocked.

Posted by beegiinner > 2014-06-30 15:59 | Report Abuse

Thanks again dgtalkid for the info

Posted by beegiinner > 2014-06-30 16:04 | Report Abuse

Dear Calvin sifu
I can see HONEST OPPORTUNITY LIMITED dispose once the price of mulpha reach 0.450 and plenty of support to buy once below 0.430 so safest entry price should be about 0.425-0.435 ?

Posted by calvintaneng > 2014-06-30 16:16 | Report Abuse

Beeginner,

Honest Opportunity Fund from Hong Kong is affected by the Slow Down in China & HK Properties. So they presume Mulpha will also be impacted by property slow down. That's why they are selling Mulpha on strength.

Yes, I think if you can get near Co share buy back price of 41 to 42.8 cts you will be safe

Dgtalkid,

930 acres x 43,500 = 40,455,000 sq ft

If land is RM200 psf then 40,455,000 = RM8.091 Billions

RM8,091,000,000 divided by total shares.of 2.13 Billion shares

= Rm3.80 per share.

Mulpha is Truly Selling at DEEP DEEP VALUE.

And Maths is really a wonderful subject.

Posted by beegiinner > 2014-06-30 16:35 | Report Abuse

Thanks sifu Calvin

will try if I'm lucky to buy at below 0.430

Posted by So You > 2014-06-30 19:32 | Report Abuse

Dear Calvin,

Thank you for your advise..I guess I'm better off holding a stock which I can sleep every night than hanging on to a stock with a lot of uncertainty.. Have a nice day!

Posted by Seek > 2014-06-30 19:49 | Report Abuse

Calvin, in a housing estate normally 10-15per cent is allocated for roads, substation, open space, schools, suraus or religious purposes etc. Nett land for development should be 80%.

Posted by calvintaneng > 2014-06-30 20:14 | Report Abuse

Thank you all at Mulpha Forum Site,

I am so happy to see so many are unanimous regarding Mulpha.

I would like to share Calvin's Investment Approach. Let's make things simple by 3 object lessons

1) A Hot Air Balloon

2) A Kite

3) A Lighthouse

1) Stocks That Are Hot Air Balloons.
These Shares Have Little NTA Nor Clear earnings. Yet These Types of Shares Can Still Move Up. Why?

It is based on "Hot Air". It projects a future profit like striking oil someday. For example Hibiscuit, or a RTO like Green Packet.

These Shares Go Up By Consensus. If everybody imagine collectively that X shares is worth so much X shares can be bidded up into Greater Fool Zone.

In the Final End of The End Games Like A Crisis - these shares will Crash back to earth like a deflated balloon. Some even go Limit Down!

2) A Flying Kite.
I used to fly kite in my youth. A kite in order to fly depends on wind. The stronger the wind the better. Then my kite will fly higher and higher.

These types of shares do not depend on NTA, but on EARNINGS.
As Long As Earnings (Wind) Blow Strongly The Kite Soars. But if wind changes direction or just ceased to blow - The Kite will become listless & drift back to earth.

See Prolexus - Just One Quarter Earnings Down Prolexus fell below RM1.50.
Same with GKent. Inspite of Its Bonus Issue GKent closed lower. Why? Well GKent latest result show a Drop in earning.

Like Kites Without Wind both Prolexus & GKent drifted lower and lower.


3) A Lighthouse

A Lighthouse is usually found along sea coast on rugged rocks. The Lighthouse Rest Firmly On Strong Foundation. It gives warning lights to passing ships at night.
Lighthouse speaks of High NTA (Not any NTA but Quality Assets which can be liquidated for Emergency CASH if Need Arises.

Of the 3 Only The Lighthouse cannot be moved easily. The Balloon can deflate if there is no support from Consensus. Likewise the kite - It Will Be Kept Up By Earnings. When earning fizzles in one or two quarters expect share prices to drift downward.

Shares With High NTA Like A Lighthouse Does Not Change In Price Easily. The same cannot be said of Hot Air Balloons or Flying Kites In The Wind.

Of Course These 3 Object Lessons do not cover all grounds - But I Think The Majority of Shares Can Be Divided Into These 3 Categories.

Posted by yuanlong57 > 2014-06-30 22:04 | Report Abuse

Simple analogies to explain the rudiments of investment. Wonderful, Calvin.

Posted by dgtalkid > 2014-06-30 22:31 | Report Abuse

Calvin, thanks for bringing this uncut diamond to the attention of all..

Posted by yuanlong57 > 2014-07-01 01:16 | Report Abuse

Yes, Maths is a really wonderful subject. People can tell tales, but Mathematical figures don't lie. Especially TRUE instrinsic values of substance NTA when multiply by RM ______ X no. of units.

Posted by venomv > 2014-07-01 05:32 | Report Abuse

Mulpha - Kerzner JV exclusive One & Only Hayman Island reopens.

http://www.heraldsun.com.au/travel/holiday-ideas/queenslands-one-only-hayman-island-unveiled-after-revamp/story-fnjjv69a-1226972757203

Posted by yuanlong57 > 2014-07-01 06:36 | Report Abuse

Venomv, very good July morning. Congratulations being the first person to post comments in July.

Your Australian Connection is really SUPERB and ASTOUNDING! Great pictures speak louder than words. Hoping these testimonies will add a few more percentage points to Mulpha!

How I wish I could give you a good treat for your first-rate effort!

Posted by calvintaneng > 2014-07-02 10:25 | Report Abuse

Good Morning To All At Multi Prosperous Counter,

This Newly Coined Name For All Fortunate Shareholders.

MULPHA = MUL PHA = MULTI FAAT (Prosper in Chinese or Kaya in Malay)

So That's how you derive the words "MULTI PROSPEROUS"

Posted by calvintaneng > 2014-07-02 10:50 | Report Abuse

Dear Fellow Fortunate Shareholders of MULPHA,
.
I think if you have extra cash you should really buy more and more of this Most Undervalued Counter. I just bought another 30,000 shares at 44.5 cts even though I have to borrow to buy it.

Let me relate a True Story,

Some Years Ago A 4 Storey Corner Shophouse Came Out At High Court Auction for a Reserved Price of RM320,000. In KL this type of Shophouse would be around RM2.5 Millions..

So at RM320,000 this Corner 4 Storey Shophouse on 2,600 sq ft is really cheap. But Bandar Sri Alam at that time was in deplorable state. Opposite this foreclosed property is the God forsaken Amansari Condo.

But surprise of surprises the bidding was fierce. Price Shot Past To RM520K from Reserved Price of RM320K. Up RM200K!

Now Iskandar was still in the doldrums in this period. Only those who saw Iskandar's future potential are buying up.

I met one unsuccessful bidder who told me he bought one directly from disenchanted owner for only RM250K at half the original price.

When he saw that people are willing to bid up to RM500K for one at High Court - it would be far better to contact all the other empty shophouse from owners and buy directly from them.

He found the owners were ignorant of the changing circumstances and so he bought and bought and bought from these ignoramus stale owners. He bought 7 shophouses altogether! All at Big Discount from Original cost!

Today these Shophouses which he bought for RM250K are worth RM1.5 Million each.

I think many out there who own Mulpha shares are doing the same thing. They are stale bulls who sell you at 44.5 cts when they should be buying more. Problem with them is they are just as ignorant as these stale shop owners who sold theirs for a song.

This Is A Happy Story For Calvin To Share.

Here's To All MULTI PROSPEROUS SHARESHOLDERS

CHEERS!

Posted by gweilo > 2014-07-02 10:59 | Report Abuse

I agree with Calvin. These stale bulls since 1998. Mulpha was star counter on CLOB. Once these shares are in new hands Mulpha will rise again !