the different is MISC is hold by fund manager who under the value of the comapny but prkcorp shareholder are retail investor, sorry prkcorp sharehold to mention that we are not fully educated with knowledge :)

to correct all the 25% calculation is base on the non exemption SCR parties, which mean the remaining 47% minority shareholder. 47% of the 25% vote against the deal will stop the SCR of which is 11.8% or 11.8mil share base on 100mil paid up capital. another good eg is MISC, where the price now is higher than the offer price by petronas.

beside tanjung malim, lumut port with colaboration with VALE that has not be inform, Bandr meru land of about 800 acres (book value RM5 psf) market value RM30psf not develop, newly build hotel at Ipoh at unknow value, other small size land around perak. you figure out yourself what is the potential. Ammunidin is from Maybank and the one who push for the PT indo deal, he know what is the hidden value of prkcorp.

here is the info. prkcorp has 450 acre of land in tanjung malim next to proton city. New NAP will be announce soon where further libertise the automotive industries, that help DRBhicom ( you know well who are they) to utlise the availble capacity in tanjung malim factory. With that mean tanjung malim will be the next hot spot for property development business. With this info it should be enough for all of you to figure what is the value. even prkcorp has a nta of RM5, the tanjung malim land was recorded at historical cost of 50cent psf.

no point to buy and sell many counter to get 150% return on your investment. just hold prkcorp for 2 years. I am not suppose to give some inside info however i think i have the duty to educate malaysian retail investor that we are not longer in year 1993 where we buy base on rumuor or speculation.

i am voting against the SCR for your info. i am not going for the 28cent gain but for RM9 minus RM3.90, gain of RM5.10

normally take 6 month.

it is the purpose to despress the market price to make the SCR attractive. small investor who do not compare the worth of the company will support the deal if they make profit from the SCR, however smart investor will know that although they gain profit but they are not selling or mean force to sell at below market value.

no way as they are doing within the regulation. all we can is vote and block the deal.

land is value at historical rate. if you factor in the marke value, it worth a long more than the NTA.

recent cancel deal in the batu gajah land give the new opportunity for new partner who is the E&O boss private company. waiting for the deal to be realise.

it is just 7% from 3.65 to 3.90, should buy and get the max value of prkcorp at leas at rm6.

after prkcorp privatisation, then next will be Mjprk. it is make sense to merge the two together as many parcel of land are close to each other.

houseofordos - i am not that rich to be top 30 shareholder.

in the nominee form you can fill up your decision. all you need is to sent me a copy so that i can assure that is counted in the egm.

perak government think we are idiot. want to private at 3.90, they must be dreaming.

confirm belong to kfima

no sure it is the Tangjung Malim land with DRBhicom or privatization. look like the later has high possible as they suspense the counter to ensure that mkt price is lower than the offer price. of which the offer price should not be higher than 4.50.

if the offer price is below RM6.50 i will buy all the way and vote against the privatisation as the RNA is at least RM7.00 with revised NTA of RM10 given a 30% margin as a property developer.

let's see what it is in the anoouncement.

you might lose the opportunity if you say so...... understand the fundamental and so that you know what is the value you are buying and worth for.

If you believe in me base on my recommendation on prkcorp, suggest you to look at eforce as well. i am very positive on this counter and is another beautiful swam that hidden from the sunlight.

counter suspense on Monday for material announcement. it should not be bonus or vale anymore.

bonus or vale, either one

superln has started to move. Mui still standing firm.

if you are a long term investor, at 2.90 is still a good buy.

i am with OTB, i am not in favour for Mui. there is so much more good counter out there. Hotel again is a very difficult business which tie closely with economy. if you are not bullish with the economy and advice to hold cash, then you should not consider hotel business.
if you are right on the economy, should go for inelastic stock like yspsah. you can look at sab as well with well undervalue land behind kota kemuning. A jewel that not many know.

and a conservative director as well. therefore cost control is not an issue for him.

if we all can go to the agm and push for higher dividend payout, of which it can afford with 20cent cahs per share, then the price should go up. owner is not sharing the cash with minority.

2 months ago. need to wait for next year.

I have move some of my fund to HK for HKCEI stock. China look good in the next 3 years with low PE trading now, you might want to have a comparation between china bank with other region bank. oil and gas as well. BOC, ICBC, CNOOC, Petrochina and Sinopec.

my advice to you is no base on fundamental however i might be wrong in speculation aspect. Do factor the contigent liability of Mui which is not recorded in balance sheet as well. Please trade with care.

long term bro!!!!

what is your opinion on kfima? this is my new darling now.

you need to differentiate property and land holding counter when property market has negative factor. alway is the land that make money instead of the building.

see my comment on eforce if you love mui. there you can compare.

still not late to buy at 2.80 now, management has decided that they no longer sell land or JV with developer. they are going to develop themselves but as usual it take a bit longer to bear fruit. We have the ex-maybank guy on the board and he is the one who get the PT indonesia bank deal go thru back in 2008 at the higher price. he was appointed to mjprk few month back and do expect surprise corp exercise soon.

Mui is different as the management are not transparent. gain at self loss at public. there are many more better counter out there.

even far short, it will be almost there.

outsourcing IT give a big boom on the earning. did you attended the recent AGM with the briefing by the MD?

allow me to comments. prkcorp has available land of about 500 acres in meru raya sitting at a historical cost of RM3psf, market value at RM15psf from the last year sell to kinta properties.

200 acres land in tanjung malim next to proton factory at book value of 50cent psf, market value RM5psf.
port business continue to give a cashflow of at least 30mil a year, excluding land sell and contribution from a 15% holding in Integra which was not qualify for associated accounting. A 15% sharing of Integra net earning is RM7mil before jana 3A and 3B which expected to operation in 2015 and 2017 giving a 100% increase in sell.

there are more value but not sigificant for me to share and with the above i think you can guess what is the fair value of NTA. If you can't get than, my calculation is RM10 NTA value at market value.

Hope my above info clear the doubt.

let's look at the fundamental point of view. With cash per share of 13cent and estimated EPS for YR2013 at 4.8cent and taking the industry PE of 20 times (Myeg), the potential value is at 96cent.

Plus point is it declare 4cent dividend last year and with the cash in hand and profit, i see no reason why i can't maintain the dividend. at mid-day of 60cent, it give a 6.7% dividend yeild.

for future prospect, eforce is moving to IT outsourcing business giving a positive impact to profit moving forward and some efficiency and saving on consolidating the business into a single location in new building Jaya 33.