my posting on 26 July 2013 and the reasons are still valid at this time:
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
Will keep for mid term investment for this "Gold Mines" . Which 1st TP call by Maybank @ RM 2.3 , there will be more report publish soon by other trading house . Pengerang land JV with Singaporean will be announce by end of Q4 , land disposal @ balik pulau and nusajaya already in final stage of negotiation. This two major event will easily push MPHB CAP to above RM 2.3 TP and to RM 2.8 for next TP . Report from Maybank is most trusted source compared with other trading house. Today OSK Investment team already called Trading Buy for MPHB CAP .
Now you see, analysts from research houses start to do coverage on MPHBCAP and each of them will have different target price with one higher than the other, started with Maybank IB RM2.30( initially RM1,98), then UOB RM2.80, now HDBS RM3.00, who's next? CIMB? RM3.30? I shall wait!
Just to clarify that the research of UOB is not from UOB bank, is the UOB Kay Hian broker firm, that will be the first analysis research, now banks start to research, might be because of after UOBKH distributed to them..
They just sold 7 parcel of land for RM226mil. Am not sure if some parts of the gain will be given out as dividend. Nevertheless they still have many more lands, property and business to work on with. Not forgetting the insurance business. Good to keep. Like KAQ4468 said...."Gold Mines"....you dont sell gold mines unless the price is right.
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....
Kai Shien Ks
262 posts
Posted by Kai Shien Ks > 2013-10-08 10:40 | Report Abuse
all time high XD