Posted by TrippleZ > 2017-04-15 11:33 | Report Abuse

You think kkp so poor like you meh?

Posted by newbie2014 > 2017-04-15 11:43 | Report Abuse

What’s going on in MUI?
Stock surges over 47% with heavy turnover

StarBiz 15 April 2017

MALAYAN United Industries Bhd (MUI) hogged the limelight this week with its stock surging over 47% while the broader market was largely listless.
The flagship of one-time corporate high-flyer Tan Sri Khoo Kay Peng, the daily trading volume of MUI’s stock has ballooned from just over 200,000 shares at the beginning of the month to about 200 million shares this week.
It last closed at 24.5 sen.
So, why the spike in interest? While official queries to the company have gone unanswered, speculation is rife that the 78-year-old Khoo who controls UK brand Laura Ashley and a string of Corus hotels in Malaysia and abroad could finally be unlocking the value of some of the diversified group’s assets.
It cannot be ascertained if there are other corporate developments brewing at this point at the company although there are also whispers of a possible change of guards, if Khoo decides to sell off his controlling stake in the firm.
These follow a UK court order made earlier this month requiring Khoo to pay his ex-wife £64mil (RM355mil) as part of a highly-publicised divorce settlement.
From a fundamental point of view, MUI is asset-rich but remains loss-making as a group.
Laura Ashley and Corus hotels
Among its crown jewels, Londonlisted Laura Ashley Holdings plc which Khoo controls just under 50% of, is one of MUI’s most prized assets.
Laura Ashley, known for its floral dresses and English-style home furnishings operates 194 ownedstores in UK, the Republic of Ireland and France as well as 252 franchised stores globally.
Apart from Laura Ashley which falls under MUI’s retailing division which also happens to be its largest revenue generator, MUI has another Malaysian entity namely Metrojaya Bhd.
Metrojaya operates seven department stores and 61 speciality stores in Malaysia under various in-house brands such as Reject Shop, East India and Somerset Bay, according to the group’s latest annual report.
Under its hotel division, MUI owns and operates 10 hotels in the UK and two hotels in Malaysia under the Corus and Laura Ashley brands.
The Laura Ashley brand hotels are primarily boutique hotels that display Laura Ashley’s range of products and designs. All of MUI’s hotels are understood to be revenue-generating.
In the UK, for instance, its flagship hotel known as the Corus Hotel Hyde, recorded revenue of £16.8mil for the 18-month financial period ended June 30,2016 compared with £13.2mil for the previous financial year.
This hotel sits on 21,640 sq ft of freehold land and carries a current net book value (NBV) of only RM257.5mil. MUI bought the property in 2001. It is unclear when was the last time this piece of land was revalued.
In Malaysia, MUI owns and operates Hotel Corus Kuala Lumpur and the Corus Paradise Resort Port Dickson.
MUI’s Corus Hotel in Jalan Ampang sits on a 78,500 sq ft plot of land and is situated opposite the Petronas Twin Towers. It is carried at a current NBV of RM60.5mil, or RM770 per sq ft.
Parcels of land in the same vicinity meanwhile have managed to command prices as high as RM3,000 per sq ft.
Should the Corus Hotel in Jalan Ampang be redeveloped, it has been estimated by experts that it could fetch a gross development value of close to RM2bil.
MUI also has a property division whereby its flagship project is the 1990-acre Bandar Springhill township development in Port Dickson.
Financial position
Besides these, it has a food division via Network Foods International Ltd which is involved in the manufacturing and marketing of chocolates and other confectionery while a financial services division made up of stockbroking firm PM Securities Bhd and PCB Asset Management Sdn Bhd rounds up its current operations.
Based on the company’s latest financial notes, MUI’s total assets are collectively worth some RM2.10bil of which RM338.5mil comprises deposits, bank balances and cash.
Its borrowings meanwhile stand at about RM209mil, according to the latest quarterly report.
In his recent statement to shareholders, Khoo says the group will adopt a “prudent yet progressive approach in developing strategies and managing its various businesses locally and abroad”.
In the same statement, Khoo also mentions that the group will “endeavour to streamline its portfolio of assets and businesses to further enhance its financial position.”
Recall, in 2015, there was a proposed sale of MUI’s 69.12% stake in Pan Malaysia Holdings (of which PM Securities comes under) for RM77.12mil to Datuk Dr Yu Kuan Chon, the major shareholder of YNH Property Bhd.
That deal however was terminated last September.
MUI said then that “the proposed RM77.12mil sale was cancelled due to the non-fulfillment of a condition precedent for the deal by the cut-off date of Sept 12.”
For MUI, the disposal was supposed to be its first major divestment of a listed company under the group since it undertook a massive clean-up to restructure the group after the 1997/98 A

Posted by newbie2014 > 2017-04-15 12:09 | Report Abuse

Asian Fi­nan­cial Cri­sis.
By be­com­ing a leaner out­fit, MUI should be able to be on the right track to re­gain its foot­ing and re­turn to the black, ob­servers say.
It is be­lieved that Yu, known for his savvy in­vest­ing skills had at one point been tak­ing up small stakes in the MUI group. It can­not be con­firmed whether he has been buy­ing in dur­ing the stock’s re­cent rally.
Hey­days
In the 1980s also its hey­days, the MUI group had up to seven com­pa­nies listed on the lo­cal stock ex­change and sev­eral more listed abroad.
Loved and chased by re­tail­ers, it’s been said that many were will­ing to fork up more than RM20 for one MUI share then. That had caused its mar­ket cap­i­tal­i­sa­tion to bal­loon to above RM1­bil in 1981 from less than RM10mil just five years ear­lier.
Then came the Asian fi­nan­cial cri­sis and the stock along­side many of the other favourites of pun­ters fell out of favour.
“The MUI we have to­day has as­sets but not much has been done to un­lock value.
“It also re­mains unattrac­tive in terms of prof­its,” an ob­server points out.
A com­pli­cated share­hold­ing struc­ture of its listed com­pa­nies and what some de­scribe as Khoo’s lack of ac­ces­si­bil­ity to in­vestors also add to its woes.
Mean­while, is the re­cent ex­cite­ment sur­round­ing the com­pany’s stock send­ing out a sig­nal that some­thing’s about to change or will the in­ter­est fiz­zle out even­tu­ally ?

Posted by TrippleZ > 2017-04-15 12:34 | Report Abuse

You thought 10bil debt. That's why i said you're delusional.

Posted by chamlo > 2017-04-15 12:38 | Report Abuse

Telling people MUI net cash Victory99 is sure delusional. Don't know how to read balance sheet?

Posted by Victory99 > Apr 15, 2017 12:25 PM | Report Abuse
Muiind is a net cash company with RM 2.1 bil cash vs RM 209 mil debt. Moreover it is asset rich also...time will prove that calvintaneng is right for recommend this stock. ^_^

Posted by TrippleZ > 2017-04-15 12:52 | Report Abuse

You can read better chamlo? Tell us what you found out. 10bil debts?

Posted by chamlo > 2017-04-15 13:01 | Report Abuse

How abt QR is it good?

Posted by TrippleZ > 2017-04-15 13:07 | Report Abuse

QR is terrible. So?

Posted by Peter2357 > 2017-04-15 13:19 | Report Abuse

Mui has many undervalued properties and assets undervalued in their books......
Now if you value all their prime properties in UK Australia HK KL etc its net assets will be much much more...This has been explained by Calvin in details...So invest because of its hidden value.

Posted by newbie2014 > 2017-04-15 13:39 | Report Abuse

I personally think can speculate on news untill kkp comes out and maybe declare no intension to sell. But i have no idea how he can dig from his own pocket over 300mil unless banks approve personal loans to him. Or another possibility that he got a lot cash under pillow not being ever valued

Posted by chamlo > 2017-04-15 14:05 | Report Abuse

Even Star said KKP never unlock it how to gain? Just like us who play share if got gain never sell keep until become loss?

Posted by Peter2357 > Apr 15, 2017 01:19 PM | Report Abuse
Mui has many undervalued properties and assets undervalued in their books......
Now if you value all their prime properties in UK Australia HK KL etc its net assets will be much much more...This has been explained by Calvin in details...So invest because of its hidden value.

Posted by Victory99 > 2017-04-15 14:07 | Report Abuse

Based on the company’s latest financial notes, MUI’s total assets are collectively worth some RM2.10bil of which RM338.5mil comprises deposits, bank balances and cash.

Its borrowings meanwhile stand at about RM209mil, according to the latest quarterly report above by star.

Posted by calvintaneng > 2017-04-15 14:27 | Report Abuse

Good afternoon,

The Star people are pro active in the up-to-date on-goings of the cyber world forum & the current state of the Stock market. That's why Star has emerged as one of Top 50 Search engines.

Our i3 investor forum is also in Top 50 & also one position ahead of Star - that shows how popular is the i3 website.

And about 1% of those who locked into i3 forum are Americans or those from the USA. And 10% are from Singapore!!

That's why Calvin hope all felow forumers will post in proper English & refrain from and indecent post or vulgarity.

Now that Star has highlighted Mui Group Assets in the media many will get to know indepth the deep hidden assets of Mui Group.

Unlocking Real & Hard Assets like Properties take time.

Next week will witness heavy script deliveries.

It will be interesting to watch these groups

1) Those who had already bought from 19 sen to 28 sen.
At 24.5 sen those who bought from 19 sen to 24 sen are in the money. Will they sell & take profits?

2) Those who bought from 24.5 sen to 28 sen.
Will they sell and cut loss?

3) Or among these how many are contra players & short term punters or longer term holders.

It remains to be seen. This is what Calvin thinks:

For speculators - the chances are they will sell when time is up. For longer term investors they will pick up scripts and hold.

For spectators or those sitting on the fence they might just pass on or they might also join us.

In any case Mui Bhd is definitely not a pump and dump stock as it is heavily loaded with deep value.

Only time will tell how the hidden riches of Mui Group will finally be unlocked.

Your friend from Singapore
Calvin Tan

Posted by newkid > 2017-04-15 15:04 | Report Abuse

If I am kkp, its very easy to settle the first 10% or 30 ml to his ex wife .........infact he already started doing last few days by selling 100ml shares to you guys !!! Then slowly buy back again @18 to 20 sen .
Smart investor dont buy shares bcos of undervalue property, if talking about under value cointers we got plenty on klse ! Most of the rubber n tin counters property are valued at pre war value !!! Like that counters ptg garden, inchkeneth, utd malacca etc all should be trading at rm5 to rm50 !!! Or may be great eastern share of singapore should be above rm100 cos indirectly its own almost 100 shops n land from selangor to johor which all on book value @rm5000 only !!

Posted by newbie2014 > 2017-04-15 16:30 | Report Abuse

Newkid. Many can owe expensive asset by jus borrowing and thus high in debt. Mui has low debt reportedly as paid off long time ago. And now people are jus speculating he sell asset to cash in rm300mil

Posted by limch > 2017-04-15 17:05 | Report Abuse

Which asset can KKP sell to raise RM 355 million in soonest time? My guess is shares.

Posted by limch > 2017-04-15 17:09 | Report Abuse

If talk about my counters I know Tropicana and Parkson do sell assets for gain how about MUI? When they did it?

Posted by newbie2014 > 2017-04-15 17:49 | Report Abuse

Selling shares .. to cash in rm355? Yeah.. yahuuu.. if he is to sell his shares of course he will push it to high high then sell

Posted by limch > 2017-04-15 17:51 | Report Abuse

Push high need money where to find?

Posted by newbie2014 > Apr 15, 2017 05:49 PM | Report Abuse
Selling shares .. to cash in rm355? Yeah.. yahuuu.. if he is to sell his shares of course he will push it to high high then sell

Posted by calvintaneng > 2017-04-15 17:55 | Report Abuse

Parkson got 2 problems. They sold assets for cash to only lose it through dying departmental store losses. And just like using LionFib cash hoard to save other lion group companies.

For Mui Bhd - last time they sold Woodland factory and gave out 8 sen cash payout through Pm Corp

Posted by limch > 2017-04-15 17:58 | Report Abuse

If MUI no problem why every QR is loss? Now Pauline sue KKP for RM 355 million where he can find money?

Posted by limch > 2017-04-15 18:00 | Report Abuse

Date Financial Result Financial Ratio Per Share Item Performance
Ann. Date
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
QoQ
YoY
Financial Year: 30-Jun-2017
27-Feb-2017 31-Dec-2016 111,767 -19,099 -22,092 -22,021 -19.77% -2.93% -0.75 0.00 0.2562 -154.65% -327.10%
29-Nov-2016 30-Sep-2016 102,033 -4,411 -6,868 -8,637 -6.73% -1.19% -0.29 0.00 0.2444 91.43% 54.67%
Financial Year: 30-Jun-2016
30-Aug-2016 30-Jun-2016 103,111 -92,200 -93,419 -100,753 -90.60% -14.16% -3.44 0.00 0.2429 -1,563.69% -5,048.34%
31-May-2016 31-Mar-2016 107,827 -3,336 -5,763 -6,056 -5.34% -0.77% -0.21 0.00 0.2716 -162.53% -209.45%
25-Feb-2016 31-Dec-2015 142,903 12,787 11,396 9,685 7.97% - % 0.33 0.00 0.0000 150.83% 350.47%
24-Nov-2015 30-Sep-2015 117,965 -12,088 -16,368 -19,053 -13.88% -2.21% -0.65 0.00 0.2922 -873.58% -553.40%
http://klse.i3investor.com/servlets/stk/fin/3891.jsp

Posted by limch > 2017-04-15 18:00 | Report Abuse

Latest QR loss RM 22 million.
http://klse.i3investor.com/servlets/stk/fin/3891.jsp

Posted by Huihui Liong > 2017-04-15 18:04 | Report Abuse

Those who think it will raise above 30sen on nxt week is really a good dreamer -.-

Posted by calvintaneng > 2017-04-15 18:17 | Report Abuse

There are various types of stocks:

1) Stalwart - These are Strong Growth Stocks year after year. In Bursa they are expensive like Public Bank, Nestle & Scientex. So they only give average yield now for being too popular. Every fund likes to buy some.

2) Cyclicals

These are like steel, cement & property stocks. Examples of cyclical businesses are Winter Ski Resort (Business comes only in winter when there is snow). In Malaysia - think of those selling moon cakes

3) Turnarounds

These are dead stocks that suddenly come to life with a change of fortune or merger or takeovers.

4) Fast Growers.

These are new companies with powerful growth which are phenomenal. Like Body Shop which Peter's daughters showed him.

5) Asset Play Unlocking

These are stocks not doing well but have lots of Valuable Assets

Examples are TheStore (taken private - see https://klse.i3investor.com/servlets/stk/5711.jsp

Kulim
https://klse.i3investor.com/servlets/stk/2003.jsp


For Mui Bhd

It will remain an Asset Play like Bj Corp, DRB or Mp Corp except that the Divorce Settle presents a possible catalyst to unlock its Deep Value Assets.

The market has already priced in Mui Bhd yearly losses by selling it down from over Rm10.00 to less than 20 sen in totally oversold zone.

Question is:

What is Mui Bhd total Net Net Assets - Total liabilities?

That will be the determining factor to Value Mui Bhd

Posted by chinaman > 2017-04-15 18:56 | Report Abuse

Operational wise, MUI still got profit. Loss mostly from impairment on the exch. rate of inter-company loan-can be reversed. Cash flow unaffected despite of 'paper' loss.

Posted by didi7349 > 2017-04-15 19:06 | Report Abuse

if u were kkp,at 78 yrs old,what will u do?

Posted by didi7349 > 2017-04-15 19:06 | Report Abuse

n who is going to take over the empire if u pass away?

Posted by newbie2014 > 2017-04-15 21:39 | Report Abuse

Chart wise, there must be people collecting before court order and we saw yersterday supported well by other groups of players. Will next mon another aggressive group interested?

Posted by curious2 > 2017-04-16 14:07 | Report Abuse

Many are waiting to die. If I sell everything before I die.

didi7349 if u were kkp,at 78 yrs old,what will u do?
15/04/2017 19:06

Posted by Surewin123 > 2017-04-16 14:29 | Report Abuse

i got burned at 27.5 sen lol....cut loss at 26 sen....so in again?

Posted by newbie2014 > 2017-04-16 15:13 | Report Abuse

I in at 26sen, will average down at 20sen, will cut if kpp really want these assets with him. When he keeps silent good, chances of him selling r high

Posted by stncws > 2017-04-16 17:41 | Report Abuse

next week 20c

Posted by josephtan > 2017-04-16 18:03 | Report Abuse

out of the assets of 2.1 billion, equity for shareholder is less than half at 974 million

according to financial report as of 31 Dec 2016, total borrowings is 209 + 744 = 953 million

thestar only reported the SHORT TERM BORROWING at 209 million

the LONG TERM BORROWING is at 744 million!!! that's why every year paying around 50 million for finance costs

any gains from revaluation exercise will need to cover the debts of 953 million before shareholder gets anything...

no go for me because consistently making loss (only 1 out of 12 quarters makes a little profit) and high debts (doubt anything much left after settling the debts). current price is fairly valued

Posted by nekosan > 2017-04-16 18:04 | Report Abuse

So many victims of pump and dump...

Posted by calvintaneng > 2017-04-16 21:42 | Report Abuse

josephtan out of the assets of 2.1 billion, equity for shareholder is less than half at 974 million

according to financial report as of 31 Dec 2016, total borrowings is 209 + 744 = 953 million

thestar only reported the SHORT TERM BORROWING at 209 million

the LONG TERM BORROWING is at 744 million!!! that's why every year paying around 50 million for finance costs

any gains from revaluation exercise will need to cover the debts of 953 million before shareholder gets anything...

no go for me because consistently making loss (only 1 out of 12 quarters makes a little profit) and high debts (doubt anything much left after settling the debts). current price is fairly valued
16/04/2017 18:03


Calvin think you only got a rudimentary idea of Mui Bhd Assets & Businesses.

I think the Net Net Assets of Mui Bhd in Malaysia & Worldwide is between Rm6 billions to Rm7 billions

So how much is Rm50 millions servicing interest?

Less than 0.1% a year.

You must know that Mui Bhd has 10 Hotels in UK, Condo in Singapore, flatted factory in Hong Kong, 6 acres Land in Australia & Apartments in USA

What is 0.1% if Mui Bhd borrowed against high value Assets all over the world in currencies of UK, USA, Hong Kong & Australia.

Many currencies have appreciated 20% to 30% against rinngit. Isn't the 20% to 30% exchange gain already negated the 0.1& interest rate.

So you must learn to SEE TOTAL NET WORTH.

Posted by sengkee > 2017-04-16 21:51 | Report Abuse

Limit up tomorrow?

Posted by heng0202 > 2017-04-16 21:56 | Report Abuse

sengkee up half sen ok la dont dream pls

Posted by josephtan > 2017-04-17 01:34 | Report Abuse

50 million/5 billion is 1%, not 0.1%
Perhaps you should re-calculate how you arrived at the TOTAL NET WORTH of 6-7 billion...



16/04/2017 18:03


Calvin think you only got a rudimentary idea of Mui Bhd Assets & Businesses.

I think the Net Net Assets of Mui Bhd in Malaysia & Worldwide is between Rm6 billions to Rm7 billions

So how much is Rm50 millions servicing interest?

Less than 0.1% a year.

You must know that Mui Bhd has 10 Hotels in UK, Condo in Singapore, flatted factory in Hong Kong, 6 acres Land in Australia & Apartments in USA

What is 0.1% if Mui Bhd borrowed against high value Assets all over the world in currencies of UK, USA, Hong Kong & Australia.

Many currencies have appreciated 20% to 30% against rinngit. Isn't the 20% to 30% exchange gain already negated the 0.1& interest rate.

So you must learn to SEE TOTAL NET WORTH.

Posted by newbie2014 > 2017-04-17 05:45 | Report Abuse

Guys it wont back to 20sen as long as kkp not doing anything cos people speculate, low chances for that at least, but potentially fly high to over 40 sen when its fried by groups after groups

Posted by Why_ > 2017-04-17 07:57 | Report Abuse

So MUI can make money and pay dividend? Why pay 24.5 sen?

Posted by newbie2014 > 2017-04-17 09:02 | Report Abuse

Taking off

Posted by Lambar > 2017-04-17 09:36 | Report Abuse

Crashing down soon

Posted by Lambar > 2017-04-17 09:36 | Report Abuse

20 cents

Posted by vivabursa > 2017-04-17 09:37 | Report Abuse

buy more than....deeply undervalued

Posted by Lambar > 2017-04-17 09:38 | Report Abuse

6-7 billions Thai bath kuah!!

Posted by fl888 > 2017-04-17 09:46 | Report Abuse

What time taking off??

Posted by sengkee > 2017-04-17 10:10 | Report Abuse

It's back. Can it hit limit up today?

Last Saturday The Star Biz published an article about it.

Posted by fl888 > 2017-04-17 10:27 | Report Abuse

sengkee, are u sure or not...

Posted by sengkee > 2017-04-17 10:30 | Report Abuse

How I know? Lol. Only saw the article about Mui Ind and ASB last Saturday in The Star Biz.