Highlights
KLSE: MULPHA (3905)       MULPHA INTERNATIONAL BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.00   0.00 (0.00%)  1.98 - 2.00  28,500
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Overview

Market Cap: 639 Million
NOSH: 320 Million
Avg Volume (4 weeks):88,410
4 Weeks Range:1.90 - 2.20
4 Weeks Price Volatility (%):
33.33%
52 Weeks Range:1.62 - 2.65
52 Weeks Price Volatility (%):
36.89%
Average Price Target: 1.04
Price Target Upside/Downside: -0.96
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  29-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  29-Nov-2019
T4Q P/E | EY: -81.44  |  -1.23%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 9.8354  |  0.20
T4Q NP Margin | ROE: -1.01%  |  -0.25%

Headlines

Date Subject
18-Jul-2019 PublicInvest Research Headlines - 18 Jul 2019
18-Jul-2019 Mplus Market Pulse - 18 Jul 2019
31-May-2019 Mplus Market Pulse - 31 May 2019

Business Background

Mulpha International Bhd is an investment holding company. The Company, through its subsidiaries, is engaged in property development and investment, infrastructure and civil construction. Its business is organized in two segments, Property, and Hospitality. Property includes property development and investments. Hospitality includes hotels and service apartments ownership and operation.
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  14 people like this.
 
Angel of KLSE 大马股仙 After mulpha distribute shit to shareholders, i no eye mudajaya shares fall like waterfall
16/11/2018 9:31 PM
chinaman Toilet paper also ok. Thank you Mul Fart boss. I'm still holding long term despite of all naysayers' comment. wakaka
17/11/2018 12:50 PM
calvintaneng Very good

Mulpha gave mudajaya shares as dividend

Others are

TA might give Tagb shares as dividend

Dutaland might give out Olympia shares as dividend
19/11/2018 3:18 PM
calvintaneng And MUI Bhd can also give out MuiProp or Pm Corp as dividends
19/11/2018 3:19 PM
Orson Chin Most of the Mudajaya share go to boss pocket.
Boss going to goreng Mudajaya?
19/11/2018 11:00 PM
chinaman Ok, To sceptics, go to buy Protasco, highest dividend yield ma since this Mulpha give zero dividend. TheEdge just disclose all these JJPTR scheme in high dividend stocks. wakaka
20/11/2018 11:16 AM
vespa This management are bunch of clowns that care of themselves with your money. Suffered this joke a decade ago and the story has yet to change.
06/12/2018 11:10 PM
4444 Sell lo. 1.75 can still drop to 1.5 and 1 or even more.

Posted by vespa > Dec 6, 2018 11:10 PM | Report Abuse
This management are bunch of clowns that care of themselves with your money. Suffered this joke a decade ago and the story has yet to change.
13/12/2018 3:08 PM
anticonman Whose buy call?
08/01/2019 8:48 PM
LouiseS Current EPS 115.25sen, PE ratio at very low level of 1.53, and ROE at 11.28, continue observe future performance

https://louisesinvesting.blogspot.com/2019/01/preliminary-screening-of-counters-with_25.html
26/01/2019 12:35 PM
Orson Chin Louise... this boss very smelly bad in market edy ... all investors no dare to play with him
14/02/2019 1:28 AM
Orson Chin Dividend ? ? I don’t think they will give lo...
19/02/2019 6:13 PM
Orson Chin 老千 出来走走了
20/02/2019 4:02 PM
Orson Chin 转个大圈赞自己 。。lolz
21/02/2019 12:46 AM
Orson Chin Wah............. wah..................................
Got what big big project ?
27/02/2019 11:49 AM
chinaman Mulfart declared 4th Qtr : SUPERB crazy Net profit myr95Million!! Diam diam ubi berisi. wakaka
27/02/2019 7:16 PM
Orson Chin Be careful. Boss hungry .. going to eat ppl soon ...
MCA need money ..
28/02/2019 10:49 PM
Orson Chin Any big news come out?
05/03/2019 1:05 AM
iryn20011 Kudos, Ivan9511 re post dated 4/10/18! Don't be trapped when so called pro promote with such convincing details. Agreed onus on buy & sell is self. Suffered massive loss bcos I reasoned with such high NTA was a bargain then. Unforgettable expensive lesson!
06/03/2019 4:38 PM
Robinson to privatise at 10.0. insider news
12/03/2019 5:57 PM
Orson Chin Veron...... the joke in 2019
14/03/2019 8:31 PM
Tian Bao Ming Actually this counter is quite a good counter if you study on their strategy. Their portfolio are diversified thus if Malaysia economic goes worsen, this share will go up as a reason of translation gain. Keeping this share in your portfolio is strategically sound because firstly, it is profit making and secondly, it will give you good value if you are to dispose off and lastly, u can say whatever bad thing about the management as u want to drive down their price, the fact is that they do things right and their business is helping in our community. I don't see why should we discourage a company who help to take good care about welfare of elderly livings. We all would definitely get old some days. So let's not talk about whether the community support their business, at least shareholder should support their vision.
16/03/2019 10:04 PM
cllvintaneng Congratulations to those who been patient.

Just hold for another 2 years, no need worry everyday and check the price.
Watch youtube 小皮 楊心美 first. Watch for 1~2 years, then come back.
20/03/2019 12:50 PM
firehawk so terrible ....
15/04/2019 2:37 PM
chinaman Mr Grady declined to say how many parties had entered into due diligence and given non-binding indicative bids, but said it was a good number. Possible buyers are major investor Singapore-based Mulpha and China's largest insurer China Life Insurance. On price, he said potential acquirers were also talking about "indicative numbers higher than where we're trading at the moment" as they were focused on the long-term growth of Aveo's target market and the opportunity to export its model to other countries.

"They're also looking at what is, by world standards, really good practice in this area and thinking about whether they can export them to overseas," he said.

Aveo shares, which have lost 30 per cent of their value over the past 12 months, were trading 5¢, or almost 3 per cent higher, on Wednesday at $1.77.

Over the six months to December, Aveo's revenue dropped from $208 million to $144 million as revenue from sales of non-retirement assets - a process started in 2014 - slowed to $33.7 million from $85.7 million. A $63.2 million after-tax decrease in the valuation of Aveo's retirement portfolio plunged the group into a net loss of $44.7 million from a profit of $149.3 million.

The slowing residential market had affected the 50-year discounted cash flow valuation of retirement properties the company takes the capital gain on in its sales to, and subsequent repurchase from, residents, Mr Grady said.
01/05/2019 7:11 PM
chinaman Further to our announcements dated 11 April 2017 and 11 August 2017, we wish to announce that the reconstruction of Hayman Island following Tropical Cyclone Debbie is nearing completion with a formal re-opening of the property under the InterContinental brand now scheduled for 1 July 2019. Insurance proceeds due under the Group’s property and business interruption coverage have now been fully received. The resort will re-open as one of Australia’s most luxurious resort properties and the Group anticipates strong interest from both domestic and international leisure travellers.
07/05/2019 7:26 PM
firehawk 1Q19,
EPS = 21.67sen,
Net asset /share =RM10.34 !!!
30/05/2019 8:00 PM
Anthony Shi Keen to hear your oppinions on my detailed writeup of Mulpha. Cheers!

https://sites.google.com/view/TheBadInvestor
11/07/2019 5:37 PM
absalom The whole purpose of investment is returns. If you don't give out dividends for years, what good does the nta do for investors. You are using the hard earned money of the investing public to enrich yourself. After some time people shun the shares, and you can then use it to your advantage to squeeze the minority out at even lower prices. It's a game many controling shareholders of listed companies play.
15/07/2019 11:11 AM
Jeffreyteck That's why all the way to holland as only majority SH, management and bod get most of whatever they did. Minority eat glasses is sufficient. Glad never buy this but just observing how they play around. Anyway, may be opportunities for trading.
17/07/2019 7:55 PM
absalom You can cheat the minority, use the loopholes in the system and law, manipulate the financials but eventually that easily accumulated wealth from cheating the public usually comes with a price. Karma's a bitch.
19/07/2019 3:49 PM
Jeffreyteck Avg price target 1.04 looks funny till now.
19/07/2019 6:22 PM
absalom They will bring it down to take it private cheap.
19/07/2019 8:26 PM
Anthony Shi Mulpha just sold the 4-star Esplanade Cairns hotel for 60% premium to book value. Increases NTA from 10.19RM to 10.32RM/Share (Share price 2.15RM). Reduces Gearings from 42% to 40%

In response to some of the above comments, the salary of the management here is much less than other less shareholder friendly companies in the space like KSL where the family gets compensated 10 mill while it is closer to 1.5 mill at Mulpha.

Never the less, I would like to hear of specific examples where members know that Mulpha has acted in the disinterest of shareholders. I know that there was talk of the company canceling non marketable during the consolidation 10:1 a few years back. Not sure if this was true
19/07/2019 8:42 PM
miniminer I belives coming qauter will be another very profitable Q. Wish MULPHA gives interim-dividend to minority shareholders....hehehe.....
27/07/2019 6:15 PM
absalom What good people of high integrity to trust your money with. http://www.ytlcommunity.com/commnews/shownews.asp?newsid=14052
06/08/2019 12:47 PM
chinaman Aug 6 (Reuters) - Australia’s Aveo Group said on Tuesday that Brookfield Asset Management Inc had offered A$1.27 billion ($859.4 million) in cash to acquire the retirement-home operator.

The disclosure is the first time Aveo has put a value on the offer since it first revealed it was in talks with the Canadian firm nearly a month ago.

Brookfield’s proposal values Aveo at A$2.195 per share, representing a 8.1% premium to the company’s last close.
12/08/2019 1:58 PM
chinaman Mulfart has 22.6% stake in Aveo. Mulfart entitled for at least AUD287million CASH....
12/08/2019 2:00 PM
absalom Why buy-back at 2 when you can bring it down and do it at 1.
26/08/2019 12:07 PM
sell Agree. Loss RM 166 million 1.9+ not cheap.

absalom Why buy-back at 2 when you can bring it down and do it at 1.
26/08/2019 12:07 PM
30/08/2019 10:37 AM
miniminer What a disgusting poor half year performance, someone got fired by now??......... or really want cheap cheap cheat "Buy back" ?.........hehehe...........
09/09/2019 6:16 PM
firehawk 3 yrs ago sold the RI to small SH @2.50 .... now is ~2.00, very clever major SH .....
30/09/2019 3:44 PM
firehawk NTA =RM9.84 ... selling only ~2.00, is another very outstanding achievement!
30/09/2019 4:02 PM
chinaman OTHERS MULPHA INTERNATIONAL BHD ("MULPHA") PRIVATISATION OF AVEO GROUP LIMITED ("AVEO"), A 24.39% OWNED ASSOCIATE COMPANY OF MULPHA, BY HYDRA RL BIDCO PTY LTD AND HYDRA RL TOPCO PTY LTD, ENTITIES CONTROLLED BY BROOKFIELD ASSET MANAGEMENT INC, ON BEHALF OF ITS MANAGED FUNDS ("OFFEROR PARTIES") VIA A TRUST SCHEME AND A COMPANY SCHEME OF ARRANGEMENT ("SCHEMES")
30/09/2019 7:46 PM
Anthony Shi I suspect Brookfield is going to come in, clean up the business and exit in 3-5 years at a fair price. The independent valuation in the scheme booklet says that the medium to long term is bright for Aveo and that short term looks bad, but with Brookfield coming onboard as a financial backdrop for Aveo, we can expect good things from Aveo moving forward.

Mulpha is expected to keep the stake in Aveo via the script as Brookfield works its magic. Mulpha shareholders will benefit when Brookfield exits Aveo after it cleans it up. Aveo shares were selling at a discount prior to the deal, but with Brookfield, the business should find itself reflecting the businesses true value sooner or later
07/10/2019 6:05 PM
Anthony Shi The the Brookfield takeover of Aveo, The scheme still needs to be voted for but the indicative timeline suggests the transaction will be completed before the end of the year.

Scheme meeting late October
Effective date Early November
Implementation date mid November

It is encouraging that management is taking steps to close the gap between Net Tangible Asset value and the price of the shares
07/10/2019 6:11 PM
Anthony Shi Mulpha has elected to take 1/3 of its ownership in Aveo as Cash (100m AUD, 285m MYR). The current market cap of Mulpha is 616M MYR. The additional liquid assets are very attractive to shareholders.

Mulpha can make land acquisitions in Sydneys depressed market (not a bad idea) or preferably, BUYBACK shares. Buying back shares at these depressed values would be equivalent to buying trophy Sydney properties at 70% off.
28/10/2019 2:39 PM
Anthony Shi FIRB approves Mulpha's election of script
04/11/2019 6:07 PM
Anthony Shi Shareholders approve the takeover bid. Court has to approve it and its through. 13th November 2019
06/11/2019 3:45 PM
Anthony Shi Sale of Rydges Esplanade Resort Located in Cairns Australia announced on the 17 July 2019 has been completed for a total consideration of A$35.8 million (equivalent to approximately
RM104.5 million)
13/11/2019 12:09 PM


 

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