As at 30 June 2022, the Group continued to maintain a healthy financial position with no borrowings. Its deposits, bank balances, and cash, including funds held under Housing Development Account, stood at RM88.90 million.
The last excitement about this stock was in the 2020 when the impression was that this was going to be a gold proxy given its exposure to gold by way of its 40.7% stake in Australian-listed gold exploration company Nex Metals Explorations Ltd. But it exited from gold mining interest when the Australian counterpart rejected MuiProp's option for loan stock conversion into shares and returned all investment plus interests. So this is now just a property company in a tough property market. If you want to look for other current gold proxies have a look at Poh Kong, Tomei, Nice as per https://focusmalaysia.my/gold-rush-are-there-bursa-malaysia-proxies-for-gold/
Bolstered by my notable successes in Japan(Nomura soared today!) & here : Knusford, Naim, Kuchai & especially Sungei Bagan, I ADDED to my MUIProp position @ 20.5c today a week after recommending to Premium Clients @ 20c.
Bolstered by my notable successes in Japan(Nomura soared today!) & here : Knusford, Naim, Kuchai & especially Sungei Bagan, I ADDED to my MUIProp position @ 20.5c today a week after recommending to Premium Clients @ 20c.
2024-01-15 17:33
Moooovingggg as I predicted...don't miss the boat!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Royce Chan
302 posts
Posted by Royce Chan > 2021-05-15 19:10 | Report Abuse
Also read this announcement > https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3085807