Hospitality, or AU hotels are among first to recover strongly along with aviation. Brahims is MAS catering, best proxy to MAS....So, RSS Ah pu nei nei - kasi malu block my comment at brahims...wa comment here can???
The last time Mulpha reached RM3 was in 2017. 1H 2021 it registered EPS of 18cts and if u annualise it is 30-35 cts if u take into consideration that was a slowdown in 3Q due to lockdown in Australia. Not it was reopened so will catch up in 4Q. So PE wise should be only 10x even at RM3. This doesn't incl the blockbuster EPS of RM1. 34 fr sale of Education Perfect and the interest savings of RM20m when proceeds are used to retire expensive borrowings. Blue skies ahead!!!
Hit RM2.47 faster than expected even with much lower transaction volume of 323k in comparison with transaction volume of 1.867million on 6Sep2021. It means that much lesser people wants to sell this stock and the players will in charge this MULPHA price to higher and higher.
Mulpha quite similar to TA Global that 85% of assets outside Msia but as listed in Bursa it is easily misunderstood by investors as their risks not related to Msia. TA Global was eventually privatised at 70% discount to RNAV. If the same happens to Mulpha the price can easily reach RM3.50 to 4.
Mulpha ramps up development as Hayman Island, Sanctuary Cove rebound Martin Kelly Martin Kelly Property Reporter May 12, 2021 – 4.19pm
Share Property and hospitality company Mulpha Australia has unveiled a $360 million Australian development pipeline as its Queensland resorts Hayman Island and Sanctuary Cove rebound after a tough 2020, when both were hit hard by border closures.
Chief executive Greg Shaw said occupancy rates at Hayman Island, which underwent a $135 million redevelopment in 2019, now average 80 per cent and are better than they were before COVID-19.
International travel bans have benefited Hayman Island in far north Queensland, which is seeing consistently high demand from domestic travellers.
“We’re getting more consistent demand coming through than before,” he said.
“We’re not seeing the seasonality that we had previously seen and that’s clearly because a lot of those people from southern states are choosing Hayman as a luxury destination now they can’t go overseas.
“It’s really positive after a lot of ups and downs the prior year.
“We would have had just phenomenal trading over Christmas but the borders into Queensland closed.”
As for international border closures, which federal budget papers revealed could last well into the second half of 2022, Mr Shaw supports the government’s approach.
“I think you just have to take a very balanced view,” he said. “I think we’ve seen the countries that have got it wrong and it just extends the recovery.
“We think the government is doing a good job and that they are balancing risk well.
“From our point of view a lot of stimulus is going into the economy. It’s clearly helping Australian businesses recover strongly and we’re taking advantage of that.”
Mr Shaw said the increased demand at Hayman had spurred the construction of 12 beachfront pavilions to supplement existing accommodation.
In addition, Mulpha has begun developing 21 residential lots it owns on the island and is marketing a small upmarket development of homes, with prices starting at $4.7 million.
Sanctuary Cove has also rebounded, Mr Shaw said, but not to the same extent. Occupancies are averaging between 60 per cent and 70 per cent because of its greater dependence on groups and events.
However, property sales at Sanctuary Cove are well up with more than $40 million in land sales so far this year,
Other new Sanctuary Cove developments include 47 waterfront apartments, called Harbour One, near the marina. Work on these is due to start in June, while a further 23 homes are being built in a precinct called Spyglass Hill.
In Sydney, rather than fight the inevitable, Mulpha is redeveloping the 500-plus room InterContinental Sydney at Circular Quay, at a cost of $100 million.
“We saw COVID as a real opportunity to drive change and improvement in the business,” Mr Shaw said.
Took opportunity to redevelop “We had been contemplating a redevelopment of InterContinental Sydney for some time, working up the design, and when COVID hit, we thought it was a fantastic opportunity to move very quickly and commit.
“It’s been an incredibly successful hotel over the years and we’ve traded on very high occupancies over an extended period of time and we thought if there’s ever a time we can get in there and fully redevelop the site, this is it.”
Work is well under way and will be finished by next March.
In other developments, Mulpha continues to build out Norwest – a former quarry covering 300 hectares in Sydney’s Hills district it bought in 1993.
Construction has started on The Bond, a seven-storey, cross-laminated timber building that will cost $40 million to develop and house a range of medical businesses when complete.
Nearby, Mulpha is planning The Greens, a residential and retail community encompassing nine high-rise towers across the 22,000sq m site.
It has lodged a development application and Mr Shaw said work was expected to start on the first two towers by the end of the year.
Norwest will also house a new golf and lifestyle concept Mulpha has developed called Swing City, featuring 40 golf driving range bays, mini-golf, food and function facilities.
He said work will begin in July on a 60-room hotel at Mulpha’s Hunter Valley winery, Bimbadgen Wine Estate, to capture strong domestic demand from the Sydney market.
Mr Shaw said Mulpha will continue to diversify, increasingly into businesses it can operate such as Swing City.
I have been investing in another counter E&O which has also gone up by 15% but comparatively Mulpha more superior despite E&O market cap is 1bn vs 800m for Mulpha. Mulpha land in JB close to Spore is bigger than reclaim land of E&O and no major overseas assets. Yet E&O trades at more to 0.5x book value vs Mulpha of 0.25 book.
it's a huge insult to all ikan bilis presuming all are so cheapskate and desperate beggars to accept this low price. many counters are manipulated down for cheap piratisation by big boss. it's a huge insult to bullshit and whole nation as if our economy in such deep crisis??? Taliban gomen really so bad mei that boss take advantage during crisis?
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....