https://www.oneandonlyresorts.com/one-and-only-hayman-island-australia

good game.... Mulpha's One&Only resort at Hayman Island koyak by Cyclone Debbie... https://www.youtube.com/watch?v=qt3myd4EXkY&feature=youtu.be

smartly profit -ve. holland.....

only current quarter - RM 6 mil loss.... check 2015 and 2014 how much profit they make?

heres an article on Mulpha and AVEO - http://www.thestar.com.my/business/business-news/2016/02/18/mulpha-associate-aveo-buys-15-retirement-communities-in-australia/

I've read a lot of comments here but no one ever mentioned the GOLD MINE in Mulpha.... that is it owns 25% of AVEO Group, a public listed company in Australia in the retirement home business, which share price is doing very well (price per share steadily rising from AUD 1.00 in 2013 to AUD 3.34 currently)

Here's reference to Mulpha annual report- http://www.financialreport.biz/File/AR/2016/4/29/3905%20-%201531289494452.pdf

Annual report 2015 pg 102 and 107 mentioned Mulpha's shareholding in AVEO Group

On AVEO- here is the link for easy reference- http://www.bloomberg.com/quote/AOG:AU

It is trading at market capitalisation of A$ 1.8 billion !! or around RM 5.3 billion!!! Which means Mulpha's value of 25% x RM 5.3 billion = RM 1.3 billion!!

It is shown as an associate co, so it is not consolidated in the balance sheet, instead Mulpha only shares its profits...

pg 103 of the annual report 2015, shows that AVEO has a yearly sales of RM 1.3 bil and net profit of RM 272 mil

All this value is in addition to its large landbank in Johor as already pointed out by other commentators here so I wont repeat on that....

Disclaimer:- I own mulpha shares and I'm not asking you to buy or sell, just sharing info