In short term, the news may attract people is 1. Insurance new partner 2.dividen 3.re-culculation for the land value of pengerang. Any sifu here to correct me? Thanks
aiyo, insurance sale news. landbank news, all good news when can get share price zoom zoom news , neh?. wait so many mths till neck . also long long stiff stiff lor
why x 1000... the annoucement dont show any reason why BN reject the proposal... that is our shareholder's money... why dont allow us to harvest our fruits....
The news from Bank Negara was definitely a dampener. We can see some investors who probably bought in to extract 5% dividend will be selling in the short term. However, I foresee that their holdings will be picked up by major shareholders. The price may drop a bit but of course the major shareholders would be more than happy to gobble them up.
The land development in KL is long term. We have just recently hear the news of Tropicana Corp joint venturing (disposing) with (to) Agile Property Holdings from HK for its land in Bukit Bintang. This would increase the land value of MPHB's land which is working along the same manner like Tropicana. But again, property development takes time to look for a right investors as well as developing the land itself. Nonetheless, we believe that MPHB Cap has identified a few local big players to develop its land.
Perhaps a special dividend will be approved by Bank Negara once the deal with the Italian insurer has been sealed?
BUY (Maintained) Share Price RM1.94 Target Price RM2.69 Upside 38.6% (Previous TP RM2.38) COMPANY DESCRIPTION MPHB is a general insurance underwriter and is involved in property investments, with two hotels under the Flamingo brand. MPHB is a deep-value stock poised to benefit from the development of its under-appreciated landbank in Klang Valley and Johor. STOCK DATA GICS sector Financials Bloomberg ticker: MPHB MK Shares issued (m): 715 Market cap (RMm): 1387 Market cap (US$m): 428.4 3-mth avg daily t'over (US$m): 0.6
5 sen dividend is no big deal, but in MPHB Cap case it is alot because its retained earnings is only RM48 million. After minus the div payment (RM35.7 million), its retained earnings will only be left with RM12 million.
1) Pay Fair Market Value to MPHB Capital 2) Compensate by substituting lands of equal value in other parts of Pengerang or Bandar Penawar
No matter what MPHBCAP Still have many acres left. And they are just next to RAPID. So better seek for a win win solution as both are neighbour for ever.
Yes Calvin Win win solution. But if want to have bicara... It will be very hard to move on even it is next to rapid. Cos u have to know who are they sueing now! Don't play play with the J gov....
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....
kltan
143 posts
Posted by kltan > 2014-04-27 18:08 | Report Abuse
Buy more this monday!