Getting his son to lead MUI Group is perfectly timed by KKP. The assets will be polished and revalued and reflected in the books accordingly. News said that hotels in UK are under sale in progress. Perhaps once the sales are completed special dividend will be paid out to the shareholders accordingly.
Mr Andrew Khoo will turn the MUI Group from red to green. KKP will be very happy so as the shareholders like you and me......
Look at his profile (a) Barrister-At-Law, Lincolns Inn, United Kingdom. (b) AHMA Hotel Diploma Major in Sales & Marketing, London Hotel School, United Kingdom. (c) Degree in Law, Master of Arts, Cambridge University, United Kingdom. (d) Master of Business Administration, Seattle Pacific University, United States of America. (e) Bachelor of Arts Major in Political Science, University of Victoria, Canada. Working experience and occupation (a) 2016 - 2017: Chief Operating Officer of Swensens and Director of Group Business Development in ABR Holdings Ltd, Singapore. (b) 2012 2015: Director, Food & Beverage Division in ABR Holdings Ltd, Singapore. (c) 2009 - 2012: Non-Independent Non-Executive Director of Malayan United Industries Berhad, Malaysia. (d) 2009 - 2012: Non-Independent Non-Executive Director of Pan Malaysia Corporation Berhad, Malaysia. (e) 2009 2012: Executive Director of Network Foods International Ltd, Singapore. (f) 2004 - 2009: President of Cambridge Alliance Holdings Ltd, Victoria, Canada. (g) 2002 2003: Director of Corporate Affairs and Special Assistant to CEO in Laura Ashley Holdings plc, London. (h) 2002 2003: Special Assistant to CEO in Corus Hotels Limited, Milton Keynes, United Kingdom. (i) 2001: General Manager in County Hotel Epping Forrest, London, United Kingdom.
Hardly had a REAL job outside MUI Group, from Corus, Network Food, PM Corp, MUI positions. Also, shows that he is an academic lawyer with NO experience, Cambridge or not.
Catalyst would be hire a senior Goldman Sach banker as CEO of MUI Group. That will instantly give you a catalyst. KKP doesnt need to sell any assets actually to pay his wife. An old man like him who has been screwing shareholders the past 20+ years plus, would have definitely have had a cash pile somewhere and dont forget he cashed out BEA stake past few years.
To me this development is worthless as KKP is still chairman. Who knows maybe his son got fired or got tired of working in the real world so daddy give him CEO post. Nothing changes as all reports back to Chairman anyway.
Benny, I hope your right but dont forget. Even if the sale goes through, what makes you certain that he will give a dividend and not reinvest into something else that doesnt enhance shareholder value.
Wow talking good here and there, but no substantial data for goodness, some still dont see it
Kkp is a christian? Then its good that he knows when to eat the fruit.
But for u who dont know may have taken the forbidden one coz jus like adam eve not able to resist the temptation to eat the forbidden fruit and suffered the fall
Picture is so BIG yet some are still cannot see it...perhaps needs to go for eye check. Read the background of the MUI Group and look at their assets are all undervalued. Take one example...Bandar Springhill - Port Dickson a vacant land purchased in 1995 for RM13.855m with 52,625,325 sq ft which cost RM2.63 per sq ft. What is the current market value per sq ft...do your checking lahhhhhh......
Newbie does not see 1 day 2 day result, newbie more concern on business and profit, i dont shout i gained 4sen for my maybulk these few trading days coz, while mui jus up 3sen recently
People that always think complex this that alway will if Kkp still in control got different son go up, for sure got different lah, sooner a later his son will take over , and for sure the value will be unlock
ha ha ha huiii!!! huiii!!! huiii!!!..... ha ha ha huiii!!! huiii!!! huiii!!!
Many miss the Golden Boat, especially those too Smart one....However, they may ended up buying more expensive price later. You know when they are going to buy, when these 3 counters surge up even higher.... human is always like that lor... the greed is there.
The more expensive the more people like to pay as they are more confident, just like Genting Highland is very high up the hill but more & more people like to go up there and people also say in the Horse Racing Arena there are more & more corpses piling up from time to time..
PMH, PMC & MUI - my 3 Money Spinner Machines counters .....
Huat Huat Huat lah.....
ha ha ha huiii!!! huiii!!! huiii!!!.... ha ha ha huiii!!! huiii!!! huiii!!!
MUI BERHAD Has Investments in PM Corp (70%) MUI Properties (Top 10)
MUI Owns 12 UK Hotels Valued AT ROCK BOTTOM PRICES. I beg Your Pardon. Should be OCEAN BOTTOM PRICES!!
MUI Has 2 CORUS HOTEL 1) KL - Book Value RM62 Million (Actual Market Value RM400 Million according to Management. My estimate is RM 1/2 BILLIONS) 2) Melaka Book Value RM29 Millions (Current Market Value? How many x more? )
MUI Also Own THE HIGHLY PROFITABLE METROJAYA & LAURA ASHLEY.
Next Year 2014 IS VISIT MALAYSIA YEAR. The Malaysian Govt Allotted RM2 Billions For Tourism Activities. And 2015 Is YEAR OF FESTIVAL.
Also 2 VERY POSITIVE OUTSIDE FACTORS:
1) THE CHAMPION TOURISM GUIDE - LONELY PLANET HAS LIST MALAYSIA AS THE TOP 10 COUNTRIES FOR YEAR 2014.
2) CNN HAS LISTED KL AS THE NO. 4 NATION IN THE WORLD FOR SHOPPING & LONDON AS NO. 3 After NEW YOUR (No.1) TOYKO (No2)
ALL THESE POSITIVE FACTORS WILL PROPEL MUI's BUSINESSES IN UK (SHOPPERS WILL STAY IN MUI HOTELS) & MALAYSIA.
METROJAYA SALES IN MID VALLEY MEGAMALL WILL BE DOING ROARING BUSINESS. LIKEWISE RICH SHOPPERS FROM BRUNEI, SABAH & SARAWAR Will Make A BeeLine To METROJAYA IN KUCHING & KOTA KINABALU.
If Not For Huge Borrowings In MUI Berhad Accounts that OVERSHADOW MUI'S GOOD RESULTS - RETAILING HAS BEEN VERY POSITIVE.
BUT THE BORROWINGS ARE IN TURN DWARFED BY THE COLOSSAL & GIGANTIC MT. EVEREST SIZED ASSETS IN ALL OF MUI BERHAD NOW AT OBSCENE OCEAN BOTTOM PRICES!!
Let Me Give You One Example. In MUI BERHAD 2012 ANNUAL REPORT:
ST JAMES HOTEL With 124 ROOMS On Almost AN ACRE LAND. IN THE UK. BOOK VALUE? RM1,654,000 (324,950 British pound)
A HOTEL WITH ONE HUNDRED AND TWENTY FOUR ROOMS VALUED AT 325K British Pound????
YES! GO AND CHECK OUT THE UNTOLD WEALTH OF KKP. That's Why BRITISH TABLOIDS SAY TAN SRI DATUK KHOO HAS RM5 BILLIONS!
I Personally Think He Has FAR MORE THAN THAT. Is KKP Among The TOP 3 RICHES IN MALAYSIA?
MUI BERHAD IS A SCREAMING BUY! SELL ALL OTHER SHARES AND BUY PM CORP AND MUI BERHAD.
SELL YOUR SARONG AND BUY DURIANS? NO!! BUY MUI BERHAD FIRST! YOU WILL EARN ENOUGH IN THE FUTURE TO BUY A WHOLE DURIAN PLANTATION!
Re: MUI BERHAD - THE HIBERNATING GIANT IS WAKING IS WAKING UP AT LAST!! « Reply #22 on: November 11, 2013, 11:54:20 AM » AND NOW, IF YOU HAVE DONE YOUR DUE DILIGENCE AND INVESTIGATION INTO MUI BERHAD BY CHECKING OUT ALL THE VALUE OF MUI BERHAD ASSETS; YOU WILL FIND THAT MUI BERHAD IS ACTUALLY IS MOST UNDERVALUED REAL ESTATE COMPANY IN THE WHOLE OF KLSE!
SELL ALL OTHER PROPERTY COUNTERS NOW AND SWITCH ALL TO MUI BERHAD.
Let Us Do A Simple Case Study.
The Market Is Bullish on Keck Seng. Keck Seng price has run up to over RM7.00. Keck Seng's jewel is development land in Taman Daya. The last phase of single story houses (RM283,000) Have Been Sold. 3 Storey Shops are also sold out. Prices now factored into KSeng's price. There is no more land for future growth. Old Palm in doldrum.
Now take a look at Keck Seng's land in Tg. Puteri & Tanjung Puteri Golf Resort. This is a very quiet area. Prices are very weak. Last year, I bought a house by auction. Single storey terrace. Freehold 3 rooms 2 baths, in Taman Pasir Putih (Beside Keck Seng). The Price was RM52,700. I was The Only Bidder! So I Bought It For Only RM52,700!! This is the reality of Keck Seng assets.
For MUI Berhad, All Properties Are In Prime, Prime Locations. 12 Hotels in UK. 2 CORUS Hotels in KL & Melaka. Occupancy rate 70% to 80%! Prime Penthouse in Singapore Orchard Road. Prime Penthouse in KL Plaza (Over 11,000 sq ft) & Prime Assets (2 doors from British High Com sold at Rm2,200 psf to SP Setia).
With the Debt of Only RM900 Millions minus Cash RM300 Millions. The actual debt is RM600 Millions. If Company should dispose one or two UK Hotels; MUI Berhad debt can be Fully Paid Anytime!!
MUI Berhad Also Own 70% of PM Corp. MUI IS THE ULTIMATE WINNER IN PM CORP's PRICE SURGE!
PLUS METROJAYA SALES MIGHT OVERTAKE PARKSON SOME DAY!!
SELL SP SETIA, KSL, DAIMAN, CRESCENDO & COUNTRY VIEW. YES! SELL HUNZA PROPERTY, IGB, TEBRAU TEGUH, NAIM, IBRACO, A & M REALTY, ASAS DUNIA, COUNTRY HEIGHTS, E & O, ENCORP, EUPE, GLOMAC, GUOCOLAND, IJM LAND, IVORY, KARAMBUNAI, KELADI MAJU, KEN HOLD, KHSB, LAND & GENERAL, LBS BINA, HWA YANG, MALTON, MKH BHD,
SELL ALL MK LAND, MP CORP, FOCAL, OSK PROPERTIES, PARAMOUNT, PJ Dev, SELANGOR PROPERTIES, SHL, SUNWAY, SYMPHONY, TA GLOBAL, TAHPS, TRINITY CORP, UEM LAND, UOA DEV, WING TAI, YNH PROPERTY & YTL LAND AND SWITCH TO MUI BERHAD NOW! DON'T DELAY!!
BUY NOW WHEN THE BUYING IS SO VERY, VERY, VERY, VERY CHEEEEEAP!!!!!!!
You Are Buying A Counter With Over NET, NET VALUE OF MORE THAN RM1.50 For 23 Cents ONLY!
I REPEAT - YOU ARE PAYING ONLY 23 CENTS IN PRICE FOR A VALUE COUNTER OF OVER RM1.50.
Imagine eating roti canai at 10 cents, drinking genuine glass of coconut juice for 5 cents, paying 40 cents for a movie ticket, taking bus for 6 cents (enam sen) buying 2 storey low cost house for RM25K. Buying 2 Storey Terrace House In Taman Midah, Cheras, KL 22x75 ft 4 rooms 3 baths for only RM100,000?
YES! YES!! & YES!!!! THIS IS HOW YOU SEE THE DEEP DEEP VALUE OF MUI BERHAD.
I Like To Talk About Things That You Can Quantify & Verify Yourselves.
In The 2012 MUI BERHAD ANNUAL REPORT (View At Bursa Website.) Please don't Ask Your Stock Broker. Do It Your Self!
UNDER PROPERTIES:
1) 13 STOREY CORUS HOTEL Jalan Ampang. Year Bought 1982. 78,458 sq ft. Book Value RM62 Mil Mkt Value RM500 Millions!
2) 189, Jalan Ampang, Near Petronas Twin Towers 1991. Book Value RM8.26 Million (Noe RM2.2K psf) Mkt Value Rm83.8 Millions!
3) 191 Jalan Ampang. SP Setia Bought No. 185 2 doors away. Former British High Com Bk Val RM24.8 Mil Mkt Val RM 72.2 Millions.
4) Bandar Springhill 54,580,970 sq ft (About 1,254 Free Hold Land. Better Than Keck Seng's Tg Puteri) Book Value RM2.50 psf! Can You Imagine A Beautiful Mature Housing Developement with Good Infra & Highway Connection Priced at RM2.50 psf?
I used to Visit Daiman Properties (Like Going To An Old Folks Home.) The Boss told us that the cost of paving road & laying drainage pipes alone for raw land is now RM20 per sq ft. A Ready Made Land Ready To Build worth only RM2.50. This Is In Negeri Sembilan, not in Timbuktoo! What Is The Current Value? RM10? RM15? RM20? Or RM30? Can Any Valuer From Seremban or P.D. Tell Us?
5) 20, Kirby Court, West Hobart, Tasmania. (Ideal Holiday Island like Penang) 268,774 sq ft Current Price RM150 Miliilions! (6.17 ACRES OF PRIME MATURED RESIDENTIAL LAND) Book Value: RM 5,664,000 About A$1.8 Million. 6 ACRES PRIME LAND AT AUSSIE $1.8 MILLIONS? YOU MUST BE CRAZY!
The Property Was Purchased in 1996 At The Bottom Of Aussie MARKET CRASH! How clever! In Year 1997, we visited Perth. A Bungalow near Perth City with 6,000 sq ft land goes for A$100K then. Conversion rate before George Soros attack Ringgit was One Aussie dollar to Two Ringgit. Now One Aussie equals 3 Over Ringgit.
Today, The Same Bungalow in Perth is valued around 2 Million Aussie dollars - up 20 times (20 baggers). In Ringgit RM200K, then. But Since Ringgit Crashed. The Same Perth Bungalow is now 2 Million x 3 = RM6 Millions!!
So Now You Have An Idea How Much Our 6 Acres Land in Tasmania is worth. Remember, Islands are expensive due to their exclusive nature. Eg, Penang, Singapore, Hong Kong & Manhatten, New York.
So Book Value Is Rm5.6 Millions. CURRENT PRICE: WOW! WOW! WOW! RM150 MILLIONS!!
Check The Rest Your Self. If Warren Buffet knows About MUI, he will even sell his underwear to buy up MUI BERHAD!! That's Why Warren Buffet say, " I KNOW I WILL BE RICH!!!!"
Master Calvin...thank you for highlighting your write up on MUIB again for the benefit of those have not read it yet.
MUIB It is a hidden treasure sitting in KLSE kept unnoticed and unwanted for so many years. I salute to your unselfishness by sharing your discovery of the hidden treasure in MUIB. Unfortunately they are some who cannot see the treasure sitting in front of them more so thinking it is a trash.....
I have loaded and reloaded of MUIB shares. In fact must thank Mr TS Wong for giving me a window chance last month to add and buy more cheap MUI shares from 0.27 sen dropped to 0.19 sen. This chance may never come again.
MUIB is on the move and time will tell how high it will go......
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....
bennychen
193 posts
Posted by bennychen > 2017-12-10 17:50 | Report Abuse
Getting his son to lead MUI Group is perfectly timed by KKP. The assets will be polished and revalued and reflected in the books accordingly. News said that hotels in UK are under sale in progress. Perhaps once the sales are completed special dividend will be paid out to the shareholders accordingly.
Mr Andrew Khoo will turn the MUI Group from red to green. KKP will be very happy so as the shareholders like you and me......