this share is purposely open low, before GE13 a lot of ministers bought n promised to open 2.20, they r forcing retailers to sell at this level, after finish collecting they will push up for "crony" to settle their political debts. this shares mainly monopoly by mca inner circle gangs
mphbcap comes from mphb. The financial services, insurance, property and others are from mphb. Mphbcap now owns the financial services, insurance, property and others and Mphb only owns the gaming division ie magnum. Eventually they will rename mphb to magnum holding.
Some may see not attractive as of now. But with 4600 acres of land in Pengerang it will provide some incentive in the futures. Some of the land is sea fronting. 2800 acres had been compulsory acquired for Petronas rapid projects. Current acquired cost is around rm2.80 psf. The last valuation of the 4600 acres of land in 2011 is RM79mil. Their cost is below this. Assuming the current valuation of the land is RM2.80psf...what will be the 4600 acres of land worth now...do the maths. Beside this land, they have 80acres in Penang, 323 acres in Gombak and other states as well. Overall total is around 5500 acres. JUst buy and keep in the closet...it will surely be very attractive in the future.
Someone is collecting this counter since listing on 28 June judging from the movement of transacted orders. RM1.41 is a steal based on the assets and business they are in.
MPHBCap already in joint land development with some property developer...great potential...they can eventually tap into the development to bundle their insurance as a package
Still collecting.... that's why can't break 1.42. In fact, the seller Q is always high in volume with the intention of scaring off the potential buyers, like yesterday Selling Q at 1.45 is almost 5.0M.
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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....
sifuexperience
104 posts
Posted by sifuexperience > 2013-06-28 09:00 | Report Abuse
Day 1!