Last Friday, Lim hinted that the ECRL could include the state of Negri Sembilan, if negotiations with the Chinese government were successful, and the project was to go on.
1) Earning Improved 2) Net cash company with cash amounted 18c 3) ECRL going to reroute to seremban. I personally dont believe LGE much. Anthony Loke who is transport minister is much trustworhthy. https://www.freemalaysiatoday.com/category/nation/2019/04/07/now-loke-says-it-ecrl-will-benefit-negeri-sembilan/ 4) NTA 0.35 which is around 30% discount current price 5) huge lank bank which is more than 1000 acre. This can transfrom to arou d RM3/ share
Must not forget Muiind too... The group is currently actively disposing assets after Andrew Khoo took over.... wonder they will sell the lands at Bandar Springhill and distribute...
Development will continue at the group’s flagship township, Bandar Springhill in Port Dickson, with 1,000 acres of land still undeveloped.
Andrew also plans to bring the lifestyle concept to MUI’s property development business. “Half of Bandar Springhill has been developed and we have another 1,000 acres, which will take another 10 years. We plan to bring lifestyle experiences to Port Dickson by building a clubhouse, a multipurpose hall and other amenities for residents.”
The other 40% of Bandar Springhill is owned by Chin Teck Plantations Bhd, through its stake in West Synergy Sdn Bhd.
Hi guys, Please read this post to the very end while I type
At first Lim Guan Eng announce the surprise rerouting of ECRL to Seremban. Then Anthony Loke affirmed it. Finally Azmin called Tun Daim in China to confirm final allignment will include Seremban in the Malay Mail today. This is extremely good news for Miui Property (3193)
And these are Top 10 Reasons why Calvin is extrermely bullish on MUI PROPERTY Now
1. MUI PROP HAS MOJORITY OF ITS VERY PRIME LANDS LOCAYED CHUN CHUN IN SEREMBAN
IN JAPAN WHERE SHINKANSEN RAILWAY PASSES - LAND PRICES AUTOMATICALLY GO UP BY 46% IN VALUE
SO WE CAN EXPECT MUI PROPERTY HAVE THE MOST CONCENTRATION OF ITS ASSETS LOCATED IN SEREMBAN WILL BENEFIT THE MOSTEST
2. OUT OF 9 PROPERTIES LISTED IN MUI PROPERTY THE TOP TWO MOST EXPENSIVE ARE LOCATED CHUN CHUN IN SEREMBAN
i) BANDAR SPRINGHILL
State of Negeri Sembilan Darul Khusus Balance of freehold land held for township development known as Bandar Springhill at Mukim of Jimah, District of Port Dickson, Negeri Sembilan Darul Khusus (Date of acquisition: January 1995)
4,386,792 sq meter-
Rm149,769,000
Let's calculate its lands in Acres & then price in per sq ft
First Multiply 4,386,792 sq meter- by 10.764 to convert to per sq ft = 47219429.088 sq ft
So divides Rm149,769,000 by 47219429.088 sq ft
Rm3.17
YES THESE FREEHOLD LANDS ABOUT 20 MINUTES FROM SEREMBAN CBD ARE ONLY VALUED AT RM3.17 PER SQ FT.
Let's see how many acres by dividing 47219429.088 sq ft by 43,560 (acre) = 1.084 ACRES
YES GOT IT!
MUI PROP HAS 1,084 ACRES OF FREEHOLD LANDS IN THE TOWNSHIP OF BANDAR SPRINGHILL
AND THE COST SINCE PURCHASE IN YEAR 1995 (24 years ago) REMAINS AT RM3.17 PER SQ FT
THAT IS VERY CHEAP AS SEREMBAN IS ONLY 20 MINUTES AWAY, BANDAR SRI SENDAYAN & PORT DICKSON ONLY 10 to 15 MINUTES AWAY FROM THIS BEAUTIFUL TOWNSHIP WHERE SPRING AND SUMMER IS PERENNIAL!!
LGE the Finance Minister reasoned that ECRL passing through KL is more expensive as Lands in KL is Rm700 psf to Rm800 psf while in Seremban it is cheaper at Rm40 psf
So if we use just the 50% discounted cash price of Rm20 psf for Bandar Springhill lands it will be
47219429.088 x Rm20 = 944,388,581.76
HA! THESE LANDS WOULD BE WORTH
RM944.3 MILLIONS IF REVALUED TODAY
Now SINCE MUI PROP TOTAL PAID UP SHARES ARE 740,914,596 THAT MEANS THAT
944,388,581 divides by 740,914,596 = 1.27462542493
THAT IS ALREADY RM1.27 PER SHARE
WHOOPEE!
ii) Let's Look at another Piece
4 lots of freehold land held for future development at Jalan Tuanku Munawir, Seremban, Negeri Sembilan Darul Khusus (Date of acquisition: November 2005)
19,534 sq meter-
Rm29,875,000
This land was purchased in year 2005 (14 years ago ) at Rm29.875 Millions
Let's calculate how much Per Sq Ft
19,534 sq meter x 10.764 = 210263 psf
Now divides 29,875,000 by 210263 psf = Rm142 psf
Rm142 psf looks not cheap
But wait a minute!
LOOK AGAIN WHERE ARE THESE LANDS LOCATED!!
IT SAYS
JALAN TUANKU MUNAWIR, SEREMBAN!!
Ok just a Comparison
It is equal to ORCHARD ROAD IN SINGAPORE
JALAN WONG AH FOOK IN JOHOR
OR JALAN BUKIT BINTANG IN KL
OR PENANG ROAD IN PENANG
SO IS RM142 PSF CHEAP?
THESE 2 PLOTS ARE LITERAL GOLD MINES OF MUI PROP
NOW WITH ECRL PASSING THROUGH THERE WILL BE A GOLD RUSH!!
5) MUI BOSS BUYING MUI PROP SHARES SHOWED UNDERVALUATION
TAN SRI DATO' KHOO KAY PENG 14-Sep-2012 Acquired 200,000 0.000 View Detail TAN SRI DATO' KHOO KAY PENG 13-Sep-2012 Acquired 600,000 0.000 View Detail TAN SRI DATO' KHOO KAY PENG 12-Sep-2012 Acquired 1,950,000 0.000 View Detail TAN SRI DATO' KHOO KAY PENG 11-Sep-2012 Acquired 1,500,000 0.000 View Detail TAN SRI DATO' KHOO KAY PENG 10-Sep-2012 Acquired 1,250,000 0.000 View Detail TAN SRI DATO' KHOO KAY PENG 07-Sep-2012 Acquired 1,000,000 0.000
WHY TAN SRI KHOO BOUGHT MUI PROP SHARES AND NOT MUI BHD, PM CORP OR PM HOLDINGS?
BECAUSE HE SEES DEEP VALUE IN MUI PROP!!
YOU MUST KNOW THAT TAN SRI KHOO WAS A BANKER. HE SOLD MUI BANK TO HONG LEONG YEARS BACK!!
6) MUI PROP PAYS DIVIDEND WHEN IT HAS SURPLUS CASH
Last time when Calvin bought Pm Corp Calvin wa surprised to see of all Mui Group of Companies Mui Prop was the only one who paid dividends (For Pm Corp we as shareholders have to ask for cash payout) But for Mui Prop it was just given
NOW MUI PROP IS TURNING INTO A NET CASH COMPANY & EVEN MORE CASH COMING IN AS THE SALE OF HOUSES IN BANDAR SPRINGHILL IS VERY GOOD (GO SEE MUI BHD ANNUAL REPORT)
BEST NEWS NOW!! CEO ANDREW KHOO HAS TAKEN OVER MUI BHD FROM HIS FATHER AND HE SAID THAT HE WILL REVAMP MUI GROUP TO REWARD SHAREHOLDERS WITH DIVIDEND
SO WE CAN EXPECT MUI PROP TO RESUME GIVING OUT DIVIDENDS AGAIN!!
8) THE COMMERCIAL ANGLE OF TUN DAIM FOR ECRL IS ALSO THE SAME VISION OF MUI PROP!!
TUN DAIM Has Revealed that there will be an added COMMERCIAL VALUE TO ECRL
THIS IS THE VISION OF MUI PROP!!
ITS REMAINING ACRES OF FREHOLD LANDS IN BANDAR SPRINGHILL IS FOR COMMERCIAL PURPOSES!!
ITS 4.6 ACRES OF PRIME LAND BANKS IN SEREMBAN CBD IS ALSO FULLY COMMERCIAL
PM SECURIES BEST PERFORMING STOCK BROKERING FIRM ALSO LOCATED IN SEREMBAN!!
8) THE COMMERCIAL ANGLE OF TUN DAIM FOR ECRL IS ALSO THE SAME VISION OF MUI PROP!!
Initially priced at RM66 billion, the ECRL will have its costs cut by more than RM10 billion. The report added that both countries had come to a resolution for the re-negotiated project that includes new commercial elements which will bring added benefits to local entrepreneurs and people.
10) CALVIN HAS A MODEST TARGET PRICE OF MUI PROP AT 50 SEN
FROM HERE WE CAN EXPECT MORE THAN 100% UPSIDE
PROPERTIES LIKE CEMENT, STEEL, OIL & GAS ARE ALL CYCLICAL IN NATURE
PETRONAS NEEDING 54.7 MILLIONS BARRELS OF EXTRA OIL FOR RAPID TRIGGERED MORE CAPEX FOR UPSTREAM EXPLORATION AND EXTRACTION - LEADING TO OGSE BULL RUN. NEXTR WILL BE SME SUPPORT OGSE LIKE T7 GLOBAL
THEN PH GOVT FLUSHED WITH EXTRA REVENUE FROM PETRONAS RELAUNCH ECRL
AND ECRL REROUTE OF SEREMBAN NOW GIVES IMPETUS FOR MORE DEVELOPMENT IN SEREMBAN
EXPECT INVESTMENTS TO FLOCK INTO SEREMBAN
SE WE PRE EMPT ALL BY BUYING FIRST INTO MUI PROP TO LOCK IN EARLY
ANOTHER UPCOMING FACTOR IS THE PM IN WAITING TAN SRI ANWAR IBRAHIM WHO IS BRINGING FRESH DEVELOPMENT TO PD WHICH IS 10 MINUTES FROM BANDAR SPRINGHILL
ALL THESE CONVERGING FACTORS WILL PUSH UP MUI PROP LIKE NEVER BEFORE!!
BEST REGARDS
Calvin Tan Research
Singapore
Please buy or sell after doing your own due diligence
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....
calvintaneng
56,632 posts
Posted by calvintaneng > 2018-09-16 23:34 | Report Abuse
If Anwar Ibrahim wins PD Election and later turn into Malaysia 8th PM then MuiProp should see interesting times.
As Mui Bhd owns 70% of MuiProp Mui Bhd also will come into focus.
Still in early days. So just watch this counter