MHC Plantations Bhd is engaged in oil palm cultivation, investment holding and the operation of a hotel. The Company through its subsidiaries is engaged in cultivation of oil palm and sale of fresh fruit bunches, investment holding and property development. It operates Anson Hotel, which is a seven-storey hotel, located in the town of Teluk Intan. The Company's subsidiaries include Champion Point Sdn Bhd, Majuperak Plantation Sdn Bhd, Yew Lee Holdings Sdn Berhad, Anson Oil Industries Berhad, Ayu Gemilang Sdn Bhd, Telok Anson Hotel Sdn Berhad, Bisikan Gemilang Sdn Bhd, Sharikat Muzwin Bersaudara Sdn Bhd, Hutan Melintang Plantations Sdn Berhad and Majuperak Sawit Sdn Bhd. On 29 September 2010, the Company acquired the Bisikan Gemilang Sdn. Bhd. (BGSB).
If you do surface reading and don't dig deeper you won't know MHC Plant is the next hidden gem.
MHC Plant 849.8 acres Oil palm estate 3,718 1998 Lot Nos. 2768, 3502, 3537, 4471, 4475, 5228, 5229, 5936, 9249 to 9295 (incl.), 12657 and 12658, Mukim of Durien Sebatang, District of Hilir Perak, Perak Darul Ridzuan
849.8 acres (freehold lands)
Book value Rm3,718,000 (Date of last valuation 1988)
Hmmm?
Let's dig and SEE its VALUE
849.8 acres bought in year 1988 for only Rm3.178 millions.
How much per acre?
Rm3,178,000 divides by 849.8 = Rm3,739 per acre?
AMAZING VALUE
How much per sq ft
3739 divides by 43560 = 8.5 cents per sq ft
WOWEEEWOOOOOSSSSHHHHHH!!!!
Where in Perak got Freehold land for only 8.5 cents a sq ft.
Land per sq ft is cheaper than toilet paper?
On tuesday when KLSE opens you gotta grab some MHC plant shares.
Insiders have been nibbling and nibbling this hidden gem very very quietly.
HMMM? Should I phone Mr Lee of Sitiawan, Perak and tell him to buy MHC Plantation because it is so undervalue? Should I or shouldn't I? Last time I called him and told him about PERAK CORP When It Was 60 cents. Mr Lee then called his Stock Brokers & Remisiers in Manjung & Perak for their opinions. Those Perak Remisiers poured cold water on Mr Lee. Told him they saw nothing good in Perak Corp. So Mr. Lee missed Perak Corp by listening to wrong advise. In 6 short years Perak Corp POWERED Up from 40 cents (Lowest) to Almost Rm4.00 (Up nearly 1,000%!!) Will MHC Plant also go up 1,000% 1,000%? Really? Wait & SEE then.
nice research..in fact this is really an undervalue stock, just that too low volume. based on last 1-2 years price, ,current price 90sen should be the cheapest you can get, as this is the support price by the boss and mgmt... maybe el-nino will shoot this stock up..i will buy some tmr..thanks
Two months ago I did a study of this counter when price was around 83 sen. They own Cepat Wawasan, another plantation counter in Sabah. The two directors who are related paid themselves remuneration of RM1.5 million EACH annually, so they are not bothered to enhance share value. I decided not to buy.
Posted by TheContrarian > Aug 13, 2016 09:19 AM | Report Abuse
Two months ago I did a study of this counter when price was around 83 sen. They own Cepat Wawasan, another plantation counter in Sabah. The two directors who are related paid themselves remuneration of RM1.5 million EACH annually, so they are not bothered to enhance share value. I decided not to buy.
Calvin replies,
This same objection happened when I bought Malton at only 30 cts. It was said that Malton Director paid himself millions but giving peanuts to share holders. So what? I SAW Pavilion being built in former BBGS Girls School in Bkt Bintang & Malton was selling at 70% discount NTA of over Rm1.00. So I bought lots of Malton at its lowest!
Malton later doubled in price. And when Malton crossed Rm1.00 the whole investing world went gaga over Malton because of Pavilion 2 in Bukit Jalil. By then just like RceCap - Malton is no longer cheap.
So like Malton at 30 cts I am looking forward to buy even more MHC Plant on weakness. MHC Plant Directors have been accumulating shares from 85 cts to 90 cts. Anything price below that I consider a bargain in view of its high QUALITY NTA and future potential.
MHC has not gone above 81 sen for the past four weeks. And when was Malton at 30 sen? How many years ago? I bought Public Bank at 80 sen. Look how much is it right now!
Long, long time ago I made a mistake buying into MP Corp ending up with average cost of 44 sen. Then one "smart" fellow from Singapore started saying MP Corp way way undervalued. I managed to sell out all at 49 sen making 10% gain. I'm grateful to that fellow. Look at how much MP Corp is today.
If buy at 80 cts and if share taken private risk is really nothing much. Real risk is buying shares like transmile, saag, megan media which can go bankrupt and delisted.
As for kbunai there is still hope if all hold tight and refuse to let go at unfair privatisation.
Of all value shares taken private
Super enterprize up 200%
Kulim up 60%
Tmakmur up 30%
Only kbunai is a negative 5% of now.
So diversify into a basket of value shares.
Investing in undervalue shares in a diversified basket is the way to go.
TheContrarian @ thanks TheContrarian very clear understanding thanks for you helpful, you must be a excellent investor . TheContrarian you got pbb at 0.80 , wa very impressive , TheContrarian if you dont mind can ask if you think benalec currenlty at 0.45 is consider undervalued, I saw an aticles but I forgot where already they claim benalec right now is undervalued, do you agreed ah ?
Angielim, even if a counter is considered undervalued there's no guarantee you will make a handsome profit because some major shareholders don't treat the minorities fairly. You have seen for yourself what is happening to Mulpha and also the China red chips counters. In MHC's case if I had bought two months ago @ 83 sen I would be stuck with a paper loss of 3 sen. Instead I used my cash to buy MBSB at 72 sen, then at 69 sen, so now I have paper gain of a few thousand ringgit. We are not rich people with unlimited cash, we can't buy every undervalued counters. We must be very selective and pick the ones that give better returns.
Queen QQ counter like this won't go up.. Make profit also up little bit then fall like waterfall.. Many people looking at people swimming.. Really kamsiap
MHC palm oil estates in and around Teluk Intan, Hutang Melintang and Bidor areas are very valuable but remained at book values. MHC is really undervalued stock.
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
56,621 posts
Posted by calvintaneng > 2016-05-01 13:48 | Report Abuse
MHC Plantations Bhd is engaged in oil palm cultivation, investment holding and the operation of a hotel. The Company through its subsidiaries is engaged in cultivation of oil palm and sale of fresh fruit bunches, investment holding and property development. It operates Anson Hotel, which is a seven-storey hotel, located in the town of Teluk Intan. The Company's subsidiaries include Champion Point Sdn Bhd, Majuperak Plantation Sdn Bhd, Yew Lee Holdings Sdn Berhad, Anson Oil Industries Berhad, Ayu Gemilang Sdn Bhd, Telok Anson Hotel Sdn Berhad, Bisikan Gemilang Sdn Bhd, Sharikat Muzwin Bersaudara Sdn Bhd, Hutan Melintang Plantations Sdn Berhad and Majuperak Sawit Sdn Bhd. On 29 September 2010, the Company acquired the Bisikan Gemilang Sdn. Bhd. (BGSB).