1) Disposal of Assets Due to Divorce case 2) Dr Yu & PM Holdings rumour.
The Latest News update shows a long drawn out tussle between hearing in UK Court or Malaysian Court. After the jurisdiction for hearing is confirmed only then will the battle be fought. If UK Tan Sri KKP will lose more & then sale of assets will be accelerated. Might lead to the break up of Mui Group. Value will emerge faster. But if hearing is in KL then KKP will stand to lose less. And Mui Group might still be intact. And the status quo of Mui Group will remain unchanged.
Another Development might come from Dr Yu. Since he bought into PM Holdings - there is a possibility he might revive the now delisted PM Capital. And he still need to buy over the 4% share of PM Capital owned by PM Corp. So there might be further corporate exercise. This will spur interest in Mui Group again.
Like a garden with different fruit trees we might we patiently for all fruit to ripen in their time and season.
Question is. What is the fruit in season now?
Right now the hype is still on GST theme as Govt will implement it by April 2015. Govt needs GST money because its revenue from Petronas has been hit badly by falling crude oil price.
The GST thematic plays were 1) MyEg - already up a lot 2) IFCA MSC - Already shot up like a rocket - so be careful 3) NOVA MSC - this is the laggard yet to move. If you have spare cash - try to get some Nova on weakness.
As for PM Corp & MUI Bhd their time will also come back soon in their own respective time.
Disclaimed :This is not a buy or sell call but just for ''Reference Only ''.Gila Saham is not responsible for any lost or misinformation and trade at your own risk
Jolin has totally missed the main point. Like thousands of accountants, remisiers, stock analysts and so called "experts" out there ALL WILL MISS MUI BHD'S UNDISCOVERED VALUE
All operations of Mui Bhd including almost zero promotion by Network Goods is all done on purpose!
There is no reason to push up value DUE TO THE CURRENT DIVORCE CASE. As expected results will be mediocre or negative. In this case slightly negative.
OUR SOLE PURPOSE OF INVESTING IN MUI BERHAD IS BASED ON GRAHAM NET NET VALUE APPROACH. For Growth Stocks You May Try WEIDA as its forward P/E is now only 6.3
The RM10 millions operating loss is really peanuts if you CALCULATE THE TREMENDOUS GAIN IF MUI ASSETS ARE ALL REVALUED
1) MUI Own 70% of MUI PROPERTY in Bandar Spring. Book Value of these 1,000 acres prime land is only a mere RM2.13 psf (If revalued price should be around RM30 psf - Up 1,500%)
2) MUI HQ Sits On Golden Lands Near KLCC Petronas Twin Towers
Book Value is only RM200 psf
There are 3 powerful indicators
1) British High Comm lands (Only 2 doors away) Sold to SP Setia for RM2,200 psf
2) German Embassy Lands solfd to MRCB For RM3,188 psf
3) French Embassy Sold for RM2,400 psf
If MUI Hq Lands Are Revalued it should be RM3,000 psf (Up 1,500 psf) (IN EMBASSY ROW)
4) CORUS HOTEL AMPANG IS WORTH RM500,000,000 (Book Value RM60 Mil?)
5) LONDON HYDE PARK HOTEL IS WORTH OVER RM1 BILLIONS (There are total of 9 CORUS HOTELS IN UK
SEE HOW DEEP THE ASSETS OF MUI BHD ARE
You Are Now Buying A Share Worth RM5.00 for only 20 cents
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....
Nallayak
928 posts
Posted by Nallayak > 2015-01-25 15:09 | Report Abuse
any money for transfer of shares must be above board and be transparent to shareholders