Posted by calvintaneng > 2018-06-11 11:00 | Report Abuse

If these landscaped, well leveled and with drain pipes installed are in KL. Opposite Petronas Twin Towers

How much? Rm3,000 to Rm4,000 psf?

Here?

Rm60 psf to Rm80 psf is cheap!!!

See

https://www.google.com.my/maps/@1.5028869,103.9017971,3a,75y,91.3h,100.41t/data=!3m6!1e1!3m4!1s3KmivLZejHF_wRdUe3Y1EA!2e0!7i13312!8i6656

Posted by calvintaneng > 2018-06-11 11:03 | Report Abuse

Notice the Red No Entry Sign Board? In the far distance?

This is not blocked.

Inside is the Pure Pristine 25 Acres of Pure (New Zealand pure?) LAKEHILL LAKE ZONE

How much are these lands worth.

THE VERY BEST OF THE BEST LANDS LEFT IN ISKANDAR?

Book value Rm11.09 psf? Are you dreaming or what?

See

https://www.google.com.my/maps/@1.5069418,103.9034879,3a,52y,47.89h,100.2t/data=!3m6!1e1!3m4!1srw3B1e52Odip1rscI9OBwQ!2e0!7i13312!8i6656

Posted by calvintaneng > 2018-06-11 11:06 | Report Abuse

In darker shade is LakeHill 25 Acres PURE LAKE

On top west

See

https://www.google.com.my/maps/@1.5060382,103.9014295,491a,35y,66.65h,44.81t/data=!3m1!1e3

Posted by junhong0311 > 2018-06-11 18:29 | Report Abuse

Sifu Calvin, now still the time to enter this market?

Posted by calvintaneng > 2018-06-11 19:37 | Report Abuse

junhong0311

Mp Corp has debt of rm360k but assets backing more than rm1 billions.

It is currently sued by rhb and amanah on the one hand while on the other hand trying to get time by disposing lands and assets at higher value

So far Bpuri has successfully sold more than 50% houses in Puri Residence while Magligai is purported to have bought lands from Mp Corp in Nusa Damai about rm40 to rm45 psf (book value only rm11.09).

So if Mp Corp is able to dispose enough assets quick enough to settle debts then Pn17 will be uplifted.

The impediment of Pn17 being removed will create confidence in Mp Corp once again.

And from there if Mp Corp should show good quarterly results then market will really sit up.

Another way for unlocking value is by a takeover from a white knite. Ecoworld took over Focal Aims at Rm1.40. IWCity took over Tebrau Teguh

Lately Kerjaya took over GSB at 13 sen. The market gone gaga over GSB and chased it to a new high of 21.5 sen today.

Question is. How much will Bill Ch'ng be willing to sell off Mp Corp?

Will some entity take over Mp Corp and change it just like Ecoworld did with Focal Aims and IWCity did with Tebrau Teguh?

As all these are only possible outcomes if you can stomach temporary volatility then buy a little while still cheap.

Good luck.

Not many people like turnaround stocks. But Peter Lynch included it as one of six classes of stocks to collect while cheap.

Posted by davidkkw79 > 2018-06-11 19:57 | Report Abuse

If Peter lynch knew it you use his philosophy as this wrong misunderstood way sure he will cry like until no tear...

Posted by calvintaneng > 2018-06-11 20:07 | Report Abuse

LOL!!!

Only dkkw79 missed Pm Corp at 7 sen (after cash payout), Gsb at 9 sen and Opcom at 35 sen so cry father cry mother also no use hor!

As for all who bought Pm Corp, Gsb & Opcom cheap? They are all laughing all the way to the banks

See from Gsb forum


3101575000

Sold (Gsb) .205 Tq Calvin. Keep a few.
11/06/2018 11:20

Posted by junhong0311 > 2018-06-11 20:33 | Report Abuse

Thx for the suggestion... Appreciate your analysis

Posted by Fabien Extraordinaire > 2018-06-11 20:46 | Report Abuse

Calvin, for turnaround stock...we need u back in Texchem forum!

Posted by calvintaneng > 2018-06-11 20:54 | Report Abuse

Posted by Fabien Extraordinaire > Jun 11, 2018 08:46 PM | Report Abuse

Calvin, for turnaround stock...we need u back in Texchem forum!

Texchem is ok

Its factory in JB is just opposite G Residence. The production of seafood in low cost myanmar is wise. And the 10 sen dividend was great! Overall those Japanese Bosses are willing to share even though share price is weak. And Texchem NTA is more than double of current share price. I think can just add slowly while cheap!

Posted by Risk Trader > 2018-06-12 00:40 | Report Abuse

Mr Calvin very hardworking to promote this stock....more than 50% increase from lowest price at 0.06 cent

Posted by calvintaneng > 2018-06-12 10:51 | Report Abuse

Good morning,

Thank you Risk Trader

There was a time when Gsb was traded at around 10 sen...more or less.

Those who wanted to sell Gsb then had already sold. And those who didn't just kept them in the fridge. Meanwhile G Residence was built floor by floor upward till Kerjaya Boss active offer of 13 triggered huge buying interest. The rest is now history.

As for Mp Corp there has been a total loss of confidence. Price collapsed from a high of 50 sen to 6 sen for more than 80% loss.

So those who wanted to sell had already sold. The rest still holding while Mp Corp is trying to forestall lawsuits.

All these years the underlying value of Taman Nusa Damai lands have been appreciating more and more in value

Since Scientex has sold off all its landed houses. Likewise in Bandar Sri Alam. Houses priced from Rm310k to Rm600k have all sold out.

Same scenario in Ecoworld's Kota Masai and Bandar Meridin East of Mahsing. Houses priced below Rm500k have been snapped up.

Near by Dialogue expanded by purchasing 2 more parcels of lands in Tg Langsat. And not too far is Pengerang oil boom town

Seeing such upturning of good prospects BPuri, Magligai and others have paid good prices for Taman Nusa Damai Lands to do landed houses.

And with such good take up of sales launch....more and more Developers will flock here for the very last remaining Prime Plots of Freehold Lands of Taman Nusa Damai.

Once some Big Famous Names come in the Retail crowd will also go gaga over Mp Corp just like they did with Gsb

At 10 sen only Calvin was bullish on Gsb. Now that Gsb has gone up more than 100% over 20 sen many others are bullish while Calvin turns cautious.

So Mp Corp still at such cheap Price to Book(Actual Book Value) Calvin is the only single one who is bullish

There will also come a time like in Gsb when everyone has also turned bullish on Mp Corp and goes into a frenzy.

That will be the time for Calvin to turn bearish.

One more example is Opcom.
When Opcom was 40 sen Calvin was bullish. Opcom crossed Rm1.00? Everyone turned bullish except Calvin

For now Calvin is bullish on Mp Corp!!!

Posted by prc4wifefe > 2018-06-12 11:37 | Report Abuse

except mpcorp hutang keliling pinggan...unlike gsb

Posted by calvintaneng > 2018-06-12 13:39 | Report Abuse

prc4

It has been said, "Understanding the problem dissolves the problem."

Look at Mp Corp and Gsb like this

Gsb is a low cost house worth rm180k

Now people chased it to Rm210k in a hot hot market.

Mp Corp is a Semi D house worth Rm1.3 Billions

But it owes the Bank Rm360k and currently got cash flow problem. But owner is willing to sell it for only Rm105k in an emergency now.


Ok Calvin has chosen to avoid buying Gsb at 21 sen (Rm210,000) although others are madly paying above Rm180k for it

Calvin happily buy Mp Corp at 10.5 sen (Rm105k) even though nobody wants it.

Hope you can SEE the difference?

Posted by calvintaneng > 2018-06-12 13:48 | Report Abuse

PRICE IS WHAT YOU PAY. VALUE IS WHAT YOU GET.

THIS PHRASE IS EASY TO SAY THAN TO PRACTICE.

EVERYBODY LOVES A HOT STOCK LIKE GSB NOW AND SHUN MP CORP BECAUSE NO ANALYST WILL VENTURE TO WRITE ABOUT IT.

WILL CALVIN PAY RM210K FOR A LOW COST HOUSE WORTH RM180K? OVERPAY BY RM30,000k because the crowd said so?

OR WILL CALVIN PAY RM105K FOR A HOUSE WORTH RM1.3 BILLIONS DEBT?

AFTER DEDUCTING DEBT STILL GOT RM940K IN VALUE

SO WILL I BUY GSB AT 21 SEN WITH AN INTRINSIC VALUE OF ONLY 18 SEN?

OR SHOULD I FEAR TO BUY MP CORP AT 10.5 SEN WITH AN INTRINSIC VALUE OF 94 SEN?

TELL YOU WHAT?

MR MARKET IS SO CLEVER!

HE WILL GO A CHASING GSB AT 21 SEN FOR A PUNT IN STEAD!

Posted by davidkkw79 > 2018-06-12 17:04 | Report Abuse

Yupe, Market is so clever, Trump is also very clever !
Trump said Singapore is in nation of Malaysia !

Posted by calvintaneng > 2018-06-13 07:45 | Report Abuse

NO NEED TO BE CLEVER.

JUST MAKE SURE YOU DON'T MISS MP CORP'S TURNAROUND LIKE YOU MISSED GSB

Posted by chinaman > 2018-06-13 20:09 | Report Abuse

RHB just won the wind up petition vs MPCon. Liquidation process of assets will take place very soon. Bill Ching is the most stupid CEO. He declined a suitor to salvage his distress co. last few years back subject to he give up all control. Not sure if the sold assets value can cover the debts leaving ???? for ikan bilis

Posted by calvintaneng > 2018-06-18 20:17 | Report Abuse

Aiyoyo!

MP CORP SUSPENDED !!

How now?

Posted by joetay5 > 2018-06-18 20:31 | Report Abuse

congratulation to mata buta calvintaneng on another losing buy call.

lol...............

Posted by calvintaneng > 2018-06-18 20:40 | Report Abuse

WAIT AND SEE

HAM YI FAN SANG!!!

Posted by apolloang > 2018-06-18 20:55 | Report Abuse

MamPus Corp

Posted by hollandking > 2018-06-18 20:55 | Report Abuse

mr apollo, heard u won toto

Posted by joetay5 > 2018-06-18 20:57 | Report Abuse

but at least mpc has a good kl property along jln raja chulan.

however, with the overhang in kl office space, one must be mad to buy in, bro apolloang.

Posted by hollandking > 2018-06-18 20:59 | Report Abuse

calvin, in your opinion, what is the real nta of of this company?

Posted by Linus Kt > 2018-06-18 21:21 | Report Abuse

Ohhhh no... may I know what's Target Price for this share

Posted by joetay6 > 2018-06-18 21:22 |

Post removed.Why?

Posted by Linus Kt > 2018-06-18 21:23 | Report Abuse

Calvin, NTA is showing 0.4304... are we going to lose everything since suspended

Posted by joetay6 > 2018-06-18 21:25 |

Post removed.Why?

Posted by calvintaneng > 2018-06-18 22:04 | Report Abuse

LET CALVIN GIVE A. REALISTIC VIEW:

RHB BANK AND AMANAH TOTAL DEBT IS LESS THAN RM400K

SINCE BOOK VALUE OF MPI AND TMN NUSA DAMAI LAND ARE ALMOST MATCHING DEBT AND MP CORP DAY TO DAY OPERATIONS LOOK BLEAK IT MIGHT LOOK LIKE MP CORP IF GONE INTO LIQUIDATION AND FORCE SALE OR FIRE SALE VALUE MIGHT END UP WITH LITTLE OR NOTHING LEFT.

HOWEVER.

WISMA MPI HAS BEEN VALUED AT ABOVE RM250K

AND 485 ACRES OF NUSA DAMAI LANDS ARE VALUED AT RM11.09PSF OR OVER RM200K

BUT WHAT HAS HAPPENED?

BPURI HAS A JV WITH MP CORP TO BUILD 400 UNITS OF 2 STOREY HOUSES CALLED
PURI RESIDENCE

OF WHICH 65% HAS ALREADY BEEN SOLD
AROUND RM500K A UNIT

MAGLIGAI HAS BOUGHT 16 ACRES OF LANDS FROM MP CORP AT ABOUT RM40PSF AND ABOVE.
NEXT FEW WEEKS WILL SEE THEM LAUNCH 160 UNITS AT RM500K PER HOUSE.

ACCORDING TO ECOWORLD PEOPLE LANDS IN KOTA MASAI ASKING PRICE IS NOT RM45PSF. BUT NOW ALMOST RM100PSF

ALL THESE AND MORE WILL BE VERY INTERESTING TO WATCH

1. A WHITE KNIGHT MIGHT APPEAR TO TAKE OVER

2. WISMA MPI MIGHT GO FOR MULTIPLE AUCTIONS UNTIL SOLD( SEE HOW LOW WILL IT GO DOWN IN AUCTIONS)

WILL MP CORP NUSA DAMAI LANDS GO FOR AUCTION LUMPSUM OR PIECE MEAL.

AND WHAT BIDDERS WILL APPEAR. AND BID UNTIL WHAT PRICES?

SOME OF CALVIN'S FRIENDS ARE INTERESTED TO BID.

LET'S SEE HOW THINGS UNFOLD

FORCE SALE?

FIRE SALE?

WILL VALUE BE SOLD AS TRASH?

GOLD SOLD AS VALUE OF RUSTY IRON

THE BARGAIN OF THE CENTURY IS HERE.

HOHOHO!!!

Posted by calvintaneng > 2018-06-18 22:10 | Report Abuse

THE REAL VALUE OF MP CORP NTA SHOULD BE ABOVE RM1.00 IF NUSA DAMAI LANDS ARE UPDATED TO CURRENT REAL TIME VALUE

Posted by calvintaneng > 2018-06-18 22:13 | Report Abuse

GOOD NEWS FOR CALVIN

I BOUGHT ONE HOUSE IN JLN KIJANG 2 TMN SCIENTEX BESIDE NUSA DAMAI IN 2012 APRIL

BOUGHT AT ABOUT RM50,000

AGENT TOLD ME LOAD APPROVED.

SALE PRICE RM218,888

LOAN EVEN HIGHER. MARKED UP

Posted by calvintaneng > 2018-06-18 22:14 | Report Abuse

I MADE 300% IN 5 YEARS OR 60% PER YEAR

Posted by calvintaneng > 2018-06-18 22:15 | Report Abuse

NUSA DAMAI LANDS RM11.09?
ARE YOU GUYS DREAMING?

Posted by apolloang > 2018-06-18 22:22 | Report Abuse

datuk calvin why ur name doesn't appear in the top 30 shareholders? so cheap stock,u buy RM 80,100 also name in top 30 already

Posted by joetay7 > 2018-06-18 22:48 |

Post removed.Why?

Posted by calvintaneng > 2018-06-18 23:53 | Report Abuse

Hahaha!
Why you don't know?
Calvin only invested 5% in the stock market.
95% not in the share market but in Businesses And Actual Real Estates

WAHAHA!!!

Posted by apolloang > 2018-06-18 23:55 | Report Abuse

5% of so many counters,likely datuk calvin u only bought 10,000 mp corp,less than RM 2k ar? hahaha

Posted by calvintaneng > 2018-06-19 00:44 | Report Abuse

SO HAPPY NOW!!

Posted by hollandking > 2018-06-19 00:51 | Report Abuse

suspended, so guess got no chance to play loh.

Posted by apolloang > 2018-06-19 01:02 | Report Abuse

why suspended u also happy,datuk calvin? better say if tomoro 1ct u also happy....hahaha

Posted by hollandking > 2018-06-19 01:06 | Report Abuse

if go into forced liquidation, he may gained a lot. is possible. depending on how the auction gonna be. BUT i think there could be another scenario,what if a white knight comes in, pump money in it, and lead to massive dilution of current shareholders?

Posted by calvintaneng > 2018-06-19 07:27 | Report Abuse

Although Mp Corp has deep hidden value they are dormant. If things remain status quo only Bill Ch'ng himself with his son Charles will benefit by charging Mp Corp with personal loan with high interest borrowing. Another thing is the unjustified high salary.

So as Mp Corp now goes into unlocking of value by liquidation we will SEE the latent hidden value comes to light.

NO MATTER HOW THINGS UNFOLD I WILL SEE THESE POSSIBLE SCENARIOS

1. WHITE KNITE COMING IN AT LONG LAST. THE TERMS BILL WANTED IS NOW OVER. DIVINE WILL DICTATES HIS STEWARTSHIP TIME TO GO ON OR NOW OVER FOR GOOD.

2. IF LANDS OF LAKEHILL, APTEX AND OTHERS ARE DIVIDED AND SOLD TO DIFFERENT ENTITIES IT WILL BE INTERESTING TO SEE HOW THEY ARE FINALLY DEVELOPED.

3. AS SHAREHOLDERS IF VALUE IS SOLD IN A TRANSPARENT REAL MARKET ALL SHOULD HAVE NO FEAR.

LET CHARLES AND BILL FINALLY WAKE UP. TIME FOR JUDGEMENT IS HERE. FACE UP. TAKE THE BITTER MEDICINE AND MOVE ON.

EVIL CANNOT LAST FOR EVER. LET TRUTH AND RIGHEOUSNESS PREVAIL

Posted by AlibabaChiam > 2018-06-19 07:33 | Report Abuse

can buy ahh..?

Posted by calvintaneng > 2018-06-19 07:39 | Report Abuse

Too late for now as it is suspended.

Wait if there upliftment from suspension.

Only for those with nerve and heart of steel can buy some to see the very end.

For the rest please stay away.

Posted by apolloang > 2018-06-19 09:14 | Report Abuse

thanks for the 100% profit MamPus Corp,bought 3cts sold 6cts.....today can have sharks fin for lunch.....hehe

Posted by chinaman > 2018-06-19 09:15 | Report Abuse

MPCON already become MPCorpse. wakaka

Posted by apolloang > 2018-06-19 09:20 | Report Abuse

already money in the pocket in record time......9.01am bought 9.08 sold,7 mins make 100%.......hahaha

Posted by rogers123 > 2018-06-19 09:23 | Report Abuse

Calvin: The company will delisted?

Posted by apolloang > 2018-06-19 09:26 | Report Abuse

maybe 20 becomes 1? hehe