I'm changing my portfolio from SKPTRO to MPHBCAP . This counter trade below market value. It's promising counter. Sure will give me 100 percent profit and more within 1 year. To all investors and trader , add this counter in your list and monitor closely. Believed me this is another gold mines .
We own a total of 2,727 acres of land in locations such as Kuala Lumpur, Selangor, Penang and Johor, including 687 acres of land which are under joint venture.
The investment assets that we currently manage are as follows:
•Hotel Flamingo by the beach, a 280-room, 4-star hotel in Tanjung Bungah, Penang •Hotel Flamingo by the lake, a 230-room, 3-star hotel in Ampang, Selangor •Plaza Flamingo office building, an office building located in Ampang, Selangor •Oil palm plantation in Pengerang, Johor
But for me, MAGNUM has declared the special dividen of 48.7 sen, with this money, they can use it to purchase more MPHBCAP! That's why it starts moving today. Cheers.
We start to see the effect of demerger exercise of original MPHB - firstly Value creation, secondly EPF can now purchase the MPHBCAP under mid cap catagory and not gaming stock.
Maintain MYR3.93 TP but downgrade to HOLD. Following the demerger and new listing of MPHB Capital (MPHB MK, Not Rated) on 27 Jun 2013, Magnum (formerly known as Multi-Purpose Holdings) announced its long-awaited capital repayment of 48.8sen/share. Currently trading at a reasonable 15.8x/15.2x our FY13/FY14 gaming earnings estimates ex-capital repayment, we downgrade Magnum from BUY to HOLD due to narrowing upside. Investors should consider investing in MPHB Capital, which we estimate will yield 38% upside.
48.8sen/share capital repayment. Fresh from raising MYR715m (50.1sen/share) from the restricted offer for sale of MPHB Capital, Magnum announced a capital repayment of 48.8sen/share, as expected. Other salient details of the capital repayment are: (i) ex-date: 2 Aug 2013, (ii) entitlement date: 6 Aug 2013, and (iii) payment date: 20 Aug 2013. Upon completion of the capital repayment, Magnum’s share premium account will be reduced by MYR696.5m and BVPS by a similar 48.8 sen.
Current valuations are fair. The gaming business has been parked in Magnum Corporation following the demerger, while MPHB Capital houses the non-gaming businesses. At the last ex-capital repayment price of MYR3.42, Magnum is trading at a reasonable 15.8x/15.2x our FY13/FY14 gaming earnings estimates (Table 1). As there is <1% upside to our unchanged DCF-based TP of MYR3.93 (ex-capital repayment: MYR3.44), we downgrade Magnum to HOLD (Table 2).
Consider MPHB Capital instead. Magnum has done well, and investors who subscribed to the restricted offer for sale of 1 MPHB Capital share for every 2 Magnum shares at MYR1/MPHB Capital share now have MPHB Capital shares which are currently worth 44% more at MYR1.44. Our SOP-based TP for MPHB Capital is MYR1.99 (Table 3) which offers a 38% upside from the current level. Investors should now consider investing in MPHB Capital.
To all investors and traders..please monitor closely this counter..add to one of your portfolio.. believed it..this counter is gold mines...same like SKPETRO before this in earlier stage of IPO listing...as a result 100% profit within 12 months.. changed my portfolio from SKPETRO to MPHB CAP.. MPHB CAP traded below market value..
Investment can be address as mid term ( 12 months )
Now, Maybank IB has issued their first call on MPHBCAP with TP RM1.99, other Research houses will follow suite soon, because they will echo each other and probably set higher TP in order to outdo other. Definitely a safe buy at RM1.50, as I said earlier, the shows just begin.
MPHB CAP already start showing the real color of it.. and for up coming weeks will be interactive and highly consideration counter..more traders and investors will start focusing on MPHB CAP.. RM 1.54 is still far away from RNAV RM 1.99..easy can gain profit up to 30% within months time.. Big Fish will start jump into this under value counter..no problem to touch RM 2.00 TP..
"Gold Mines"
Perfect counter for this 2nd half year 2013 investment..
traders & investor will swing the portfolio to new IPO listing counter which can double the investment figure..
are we still hoping SKPETRO to double current price RM 4.00 to RM 8.00 in 1 year? Muhibbah to RM 6.00? Perdana to RM 5.00?
the answer is NO within 1 year time
BUT with MPHB CAP..it's can be done.. can double you investment figure.. only new listing counter can perform it..
Few reasons for why MPHBCAP is on uptrend: 1. issue of share overhang over, demand exceed suppply now 2. undervalue, and now more investors realise the potential of it 3. more research houses start to cover this stock 4. original shareholders of MPHB (now MAGNUM) will get their monies from special dividend and use it to purchase this stock, furthermore MAGNUM now is fully valued, they will sell MAGNUM and buy MPHBCAP. 5. Being a Mid Cap stock, potential for EPF to purchase
Few reasons for why MPHBCAP is on uptrend: 1. issue of share overhang over, demand exceed suppply now 2. undervalue, and now more investors realise the potential of it 3. more research houses start to cover this stock 4. original shareholders of MPHB (now MAGNUM) will get their monies from special dividend and use it to purchase this stock, furthermore MAGNUM now is fully valued, they will sell MAGNUM and buy MPHBCAP. 5. Being a Mid Cap stock, potential for EPF to purchase
Yes possible, but what is the point ? If you look back, actually Magnum value is lower if you compare with what CVC bought last time, actually CVC gain nothing and only gain the Dividend Return.
Now Magnum with nett debt ONLY RM 300M, this is why I prefer top up Magnum and Hold MPHB Cap until Magnum have Reach RM 6B market price.
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Posted by yanxuan8 > 2013-07-20 16:16 | Report Abuse
I think this counter will eventually move up once Magnum gives up it special of 48.5 in September.