Posted by gghaha > 2020-02-06 11:17 | Report Abuse

shld hv chance to get lower soon...

Posted by WilburR2 > 2020-02-11 14:27 | Report Abuse

buy again anyone?

Posted by mikeann > 2020-02-11 19:33 | Report Abuse

In consolidation mood Immediate support at 0.17

Posted by WilburR2 > 2020-02-14 09:34 | Report Abuse

nice 0.195 lol

Posted by gghaha > 2020-02-14 10:57 | Report Abuse

pls buy more....:)

Posted by WilburR2 > 2020-02-17 09:14 | Report Abuse

0.23 gold strike home run lol

Posted by AllanTingAS > 2020-02-17 09:17 | Report Abuse

Almost limit up today! Miss out

Posted by wilsonchan87 > 2020-02-17 09:24 | Report Abuse

this future gold counter, temporary just goreng. Australia gold business existing now only exploration yet any production. Gold business only contribute the profit in future 4-5 years.

Posted by wilsonchan87 > 2020-02-17 09:30 | Report Abuse

beware it already hit upper limit of downtrend since year 2014 Sep.

Posted by WilburR2 > 2020-02-17 09:33 | Report Abuse

buy when no one wants to buy, now all panic buy, sell man.

Posted by Bursa1199 > 2020-02-17 09:49 | Report Abuse

Limit up

Posted by simon > 2020-02-17 09:49 | Report Abuse

sifu Calvin chun chun call, 18~25.5sen
40% gain!
cheers!

Posted by calvintaneng > 2020-02-17 09:51 | Report Abuse

Very good!!!

Very good indeed!!!

All blamed Calvin in Scomies

Anyone bought Muiprop on Calvin buy call for MuiProp at 17.5 sen?

Posted by Chong1116 > 2020-02-17 10:02 | Report Abuse

I buy in 0.19 on Friday

Posted by simon > 2020-02-17 10:03 | Report Abuse

i in 18 sen

Posted by simon > 2020-02-17 10:09 | Report Abuse

haha, today come out Kenanaga wirt up with TP=26sen

Posted by patrick8 > 2020-02-17 11:48 | Report Abuse

Bought 10 lots at 0.185 from your recommendation. Thanks Calvin.

Posted by WilburR2 > 2020-02-17 12:06 | Report Abuse

when call to buy nobody even squeak a sound, some wanna wait lower. some buy only small small. Buy 500k lots mah. Now sell,, sell

Posted by WilburR2 > 2020-02-17 12:07 | Report Abuse

sell all the way up lol

Posted by Kwong2018 > 2020-02-17 12:34 | Report Abuse

RM 0.26 close today.

Posted by AllanTingAS > 2020-02-17 12:46 | Report Abuse

Sold partially but i think just to early! Anyhow waiting to collect back if drop back. Cause it usually same movement.

Posted by gghaha > 2020-02-17 15:42 | Report Abuse

buy buy buy....

Posted by Chong1116 > 2020-02-17 19:54 | Report Abuse

Still can buy?

Posted by Ong Ban Seng > 2020-02-17 20:05 | Report Abuse

Why not? The price just start to go up

Posted by Ong Ban Seng > 2020-02-17 21:21 | Report Abuse

Target price RM0.26. Still got 10% margin

Posted by Ong Ban Seng > 2020-02-17 21:22 | Report Abuse

MUI Properties (Trading Buy, TP:RM0.26, SL: RM0.175)
MUI Properties (MUIPROP) has emerged as a proxy to rising gold prices. Due to its safe haven status, and against the wobbly global economic backdrop, gold prices are up 20% from a year ago to USD1,575/oz currently.

This comes after MUIPROP on 12 Nov 2019 converted the Secured Convertible Note of Nex Metals Explorations Ltd (Nex Metals) – a listed company in Australia with principal activity in gold exploration – into ordinary shares, resulting in MUIPROP owning a 40.7% stake in Nex Metals.

Interestingly, Nex Metals announced in early Feb this year that it has found “high-grade gold ore” at a site in Western Australia. If the initial discovery subsequently translates into physical gold mining activity, this could raise MUIPROP’s market value.

MUIPROP’s existing business is primarily in property development. The stock is currently trading at a sharp 47.3% discount to its book value (BV) per share of RM0.37 (as of end-Sep last year). This is backed by land bank value of RM193.5m (or 26.1 sen per share) in Negeri Sembilan which accounted for more than half of the Group’s total assets of RM377.7m (as of Jun last year).

Also, MUIPROP has zero borrowings, presently sitting on a cash pile of RM74.5m (as of end-Sep 2019). This translates to 10.1 sen per share or approximately half its current share price.

The Group is profitable, with net profit soaring from RM2.7m in FYJun2018 to RM17.1m in FYJun2019. For 1QFY20, net profit came in at RM3.4m (flat y-o-y). Full-year annualised net profit of RM13.6m would translate to attractive P/E multiple of 5.1x on an ex-cash basis.

Applying a P/BV multiple of 0.70x (which is pegged at its 3-year mean valuation given the Group’s balance sheet strength) on its latest BV per share of RM0.37 would imply a fundamentally-driven price of RM0.26 for each MUIPROP share.

Technically speaking, a trend reversal pattern could be in the works. After plotting lower highs and lower lows with its share price plummeting from RM0.515 in Sep 2014 to a trough of RM0.16 in Sep 2019 (a six-year low), the stock appears to have found a bottom.

On the way up, we have set resistance targets at RM0.23 (R1) and RM0.26 (R2), which represent potential upsides of 17.9% and 33.3%, respectively.

We see relatively limited downside risk with key support levels identified at RM0.175 (R1) and RM0.155 (R2), or 10.3% and 20.5% below its last traded price of RM0.195.

Putting together both our fundamental valuation perspective and technical insights, we have derived our target price at RM0.26 per share (+33.3% potential return).
Source: Kenanga Research - 17 Feb 2020

Posted by AllanTingAS > 2020-02-17 22:53 | Report Abuse

Ha ha. This forum become a bit hot!

Posted by wilsonchan87 > 2020-02-18 07:17 | Report Abuse

in gold mining, from exploration period to production period take years!
it has long way to go unless u are long term investment.

Posted by WilburR2 > 2020-02-18 10:48 | Report Abuse

production will depends on how deep the gold is. maybe can ride on pendulum movement. Anyways don't loose what you can't afford.

Posted by Chong1116 > 2020-02-18 17:25 | Report Abuse

Any idea about today trading chat? Still got power to go up?

Posted by AllanTingAS > 2020-02-18 21:58 | Report Abuse

Will collect back on Thursday-Friday.

Posted by Chong1116 > 2020-02-18 23:30 | Report Abuse

Why Thursday or Friday?

Posted by simon > 2020-02-19 08:35 | Report Abuse

gold price strong & stronger, good for muiprop earning

Posted by wilsonchan87 > 2020-02-19 09:02 | Report Abuse

yes. gold up is good for those gold miner company. but this only good for muiprop after few years from now, not now. Because joint venture into Nex metal still under exploration period only yet any production

Posted by Ong Ban Seng > 2020-02-20 19:50 | Report Abuse

Still maintain at RM0. 235. Very soon touch RM0. 26

Posted by Chong1116 > 2020-02-22 09:54 | Report Abuse

No, should be Rm0.32

Posted by TianTianHuat > 2020-02-22 13:10 |

Post removed.Why?

Posted by Chong1116 > 2020-02-22 15:43 | Report Abuse

TianTianhuat@ you are wrong chat room

Posted by Ong Ban Seng > 2020-02-23 00:45 | Report Abuse

RM0. 32.go.go.go...

Posted by WilburR2 > 2020-02-23 20:29 | Report Abuse

hold your horses and pants. very unstable political suitation ahead.Market may dip.

Posted by WilburR2 > 2020-02-23 20:33 | Report Abuse

guys are having a great time at Sheraton hotel

Posted by WilburR2 > 2020-02-25 06:42 | Report Abuse

pandemic from covid hits dow. - 1031pts

Posted by Chong1116 > 2020-02-26 00:46 | Report Abuse

Dow down again.....

Posted by Chong1116 > 2020-02-26 04:26 | Report Abuse

US panic already!

Posted by WilburR2 > 2020-02-26 06:55 | Report Abuse

whoa,, i hardly can hold my pants

Posted by Chong1116 > 2020-02-26 17:53 | Report Abuse

Any comments?

Posted by thesteward > 2020-02-26 19:36 | Report Abuse

Muiprop nice one

Posted by Chong1116 > 2020-02-26 19:55 | Report Abuse

Results out already, not so good....

Posted by investory321 > 2020-02-28 17:18 | Report Abuse

not good enuv...somemore no dividend payout

Posted by AllanTingAS > 2020-02-29 10:52 | Report Abuse

Sold the balance for making small profit. Let collect back at <0.19 this will be safe zone.