Based on your simulation, atuk must be categorized in the past wealth! I am pretty okay with that...to a certain extent quite a represent the truth !
But with one exception....although my chronology age is in the 50s but the physical age is below 40s...that's not my comment.....but from the doctor and those experiencing the "touch"...no joke !
From here we can SEE the prowess of Tan Sri Dr. KKP
He bought the Best Located Hotel in London. How come so clever?
Ha! Because he was a property developer in early days.He made his 1st millions through property. And under Mui Group there is Mui Property (70% owned by Mui Bhd) Lands (over 1,000 acres bought for a mere Rm2.00 psf! Now still listed at Old Book Value!)
So is KL CORUS Hotel Opp Petronas Twin Tower
And Mui HQ in Jalan Ampang (same row as Former British Embassy Building)
All bought during early days at Rock Bottom Prices in Prime, Prime Locations!
So buying into Mui Bhd is to lock into these "heritage assets" at Bargain Value!
If Walter Schloss is reading this he will be dancing & jumping for joy!
Thanks Calvin for the backup info! See your passion in giving to others. Your sacrifices of time n great effort put in r much appreciated! Hope all r rewarded financially. Still kkp holds the trump card. If only the shareholders get rewarded like Pauline, then justice is done?
THE BRITISH HIGH COMMISSION LAND at 185, JALAN AMPANG Was Sold By Public Tender to SP SETIA FOR A PRICE OF RM2,200 per sq ft. SP SETIA is One Of The Top Developers In Malaysia. the Land is Located In EMBASSY ROW – Very Prime Land near Petronas Twin Towers.
2 Doors Away Are 2 pieces of Real Estates Owned by MUI Berhad, namely nos. 189 & 191 JALAN AMPANG. Let’s take a Closer Look (From MUI BERHAD Annual Report}
189 , JALAN AMPANG – Land size 38,104 sq ft (freehold) Purchased in August 1991 for RM8,399,000. Price psf 8,399,000 divide by 38104 = RM220.42 psf.
SP SETIA bought in 2013 for RM2,200 psf — 185 JALAN AMPANG (22 years later) Prices have gone up 1,000% in 22 years!! A 50% increase every year!
Now look at another piece:-
191 JALAN AMPANG – 32,830 sq ft bought in July 2007. Purchase Price RM25,060,000. Smaller land size and at a higher price (due to inflation)
Cost per sq ft? Rm25,060,000 divided by 32830 = RM763.32. After 16 years price up 3 fold. But from 2007 to 2013; in 6 short years prices have gone up to RM2,200 (SP Setia sets a new bench mark)
So from here we learn that it is still not too late to buy land and property even after prices have moved upward. But why wait? Better to buy early when prices are still cheap.
OR BETTER STILL (If you have a Long Term View) BUY PAN MALAYSIA CORP (4081) Shares while prices are STILL SO CHEAP. PM CORP own MUI BERHAD Which Own these TWO JALAN AMPANG PROPERTIES. When The General Public gets to know The Value of PM CORP & MUI BERHAD through Asset Revaluation, Prices Will Come Alive!
Mui Bhd free float only 28% (Top 30 shareholders are owning more than 72% shares of Mui Bhd anywhere from 50 cts to above Rm10.00.
So very few of these Top 30 shareholders will be selling any time soon as their cost is very high.
So only 28% are left in free float.
Today at half time 102 million shares of Mui Bhd is traded. Only 3.4% traded out of nearly 3 billion paid up shares. And yet price can up nearly 20%)
What could this mean?
If strong hands (not day traders or punters or contra players join us) are buying & holding - it is only a matter of time Mui Bhd takes out the previous high of 35 sen & move on to 50 sen
Calvin boss.. Evey time also very busy... Really not free drop by yet... Usually pasir gudang only... I apply security guard job at Pantech Pasir Gudang they bring me round factory until I decided to sell my rooftop to buy the shares...
人生几何 ~ 尽情博吧 every up turn ppl will come out n said if re assess the value of land n property will be how much, how much n every one chase... like drb oso...
every thing will go back to square 1 after that the hot steam cool down.. there is no diff b4 n after... This happen many times liao...
there are plenty of company with plenty of land n property no reassess yet.. n they will remain so until development of that part kick in... when? God knows... 11/04/2017 17:31
Duit,
I have been into both Malaysia & Singapore properties for 30 years already.
And also bought property stocks like SPSetia for around Rm2.00, KSeng for Rm2.60 & UMLand.
All these property companies I bought were taken private one by one:
1) Pelangi Bhd 2) Paramount Garden 3) Island & Peninsula 4) Johor Land 5) UM Land (This one belongs to Syed Moktar) 6) Many others.
I also co invested in more than 20 properties with Malaysians & Singaporeans.
So I think I knowa little about Listed Real Estate Companies.
I missed Focal Aims at 11 cts in year 2009. The office of Focal Aims in Kota Masai looked so run down that I did not even want to go inside.
Then one day Ecoworld took over & Focal Aims jumped 4,000%
I first heard of Tebrau Teguh in 2005 when it was moving up from 30 cts to 40 cts.
Tebrau was only 10 cts before year 2003. And I bought it for 70 cts & sold it when it crossed Rm1.00
When our friend paperplane promoted it around 90 cts & called Tebrau "ghost city" I thought price would crash back to 70 cts for me to buy back.
How wrong was I. Tebrau changed name to IWCity & price shot up 200% to cross Rm3.00. So much for being too clever? I shouldn't time the market as I have seen those river front lands.
As for Mui Bhd I think I have visited CORUS HOTEL KL 3 times for PM Corp AGM, one time to CORUS HOTEL Port Dickson. They have excellent facilities.
I have studied Mui Group for more than 8 years now and I think it is misunderstood, overlooked & sold down in ignorance!
So I am happy to buy Mui Bhd shares whose value was unrecognized!
By the time Mr Market discovered ITS TRUE VALUE I think price might also explode upward like Ecoworld & IWCity.
TheContrarian Calvin, you were very sharp analyzing MUI following the conclusion of the divorce case. 11/04/2017 19:19
Calvin is happy for you for SEEING VALUE in INSAS. Many sneered & laughed at me when I promoted Insas at 65 cts. Hope you make lots of monies in Insas. I am waiting to see Insas strike 100% jackpot when it reaches Rm1.30
Ha! I think 3 more counters almost going to hit jackpots by now. Padini I called for a buy at Rm1.60, SKBshutters & Tawin.
This good year so many of my "dead stocks" are hitting 100% one by one. I am amazed & humbled.
Calvin boss.. pls dont care what ppl talk.. pls continue to guide us esp me.... Without you without me.... No you No me..
U are my light at the end of the tunnel.... I never give up in stock when I see you around.... Trust me U are the only reason why I invested in INSAS............... becuase of you I invested in INSAS... U are the best... I salute and respect you.. U are our idol..
TheContrarian Eh, I think Duit is hinting that it's time you promote Insas. ;-D 11/04/2017 21:20
Thank you.
You think too highly of Calvin. I got no syndicate behind me. And I hope to see not only Insas hit 100%. I also hope all my other 100 counters hit jackpot. See Padini, SkbShutters & Tawin? They almost hit 100% now.
So I think fundamental should determine true value. Thank you.
Btw
I think one of these days I might get hit on the head by a non performing lemon. Ezra in Spore already in deep trouble. And Ezra invested in Perisai or they are related somehow. It might drag down perisai which I once recommended. I think it will keep me in reality check
charlie chia Calvin What is the chances for PMCorp 11/04/2017 21:29
Both Pm Corp & Mui Prop also got lots of hidden value. Only Pm Holding is a goreng stock due to Dr. Yu's interest in Pm Capital (which is owned by all 3 - Pm Holding, Pm Corp & major shareholder Mui Bhd
Of all 3 - the Highest Store of Deep Hidden Assets & Value is in the Mother-Load - Mui Berhad.
Calvin Is it correct that PM Corp still have A lot of cash in hand right Less paid up compare to MUI Easier to push up Further with solid business and property going on
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....
datuk
4,935 posts
Posted by datuk > 2017-04-11 08:43 | Report Abuse
Calvin, atuk like your analogy very much
Based on your simulation, atuk must be categorized in the past wealth! I am pretty okay with that...to a certain extent quite a represent the truth !
But with one exception....although my chronology age is in the 50s but the physical age is below 40s...that's not my comment.....but from the doctor and those experiencing the "touch"...no joke !
kikikiki